Quarterly report pursuant to Section 13 or 15(d)

ALLOWANCE FOR CREDIT LOSSES (Tables)

v3.24.3
ALLOWANCE FOR CREDIT LOSSES (Tables)
 9 Months Ended
Sep. 30, 2024
Credit Loss [Abstract]  
Allowance Roll-forward
Allowance for Credit Losses - Roll-forward
The following tables present ACL activity by portfolio segment.
(dollar amounts in millions) Commercial Consumer Total
Three months ended September 30, 2024
ALLL balance, beginning of period $ 1,587  $ 717  $ 2,304 
Loan and lease charge-offs (74) (55) (129)
Recoveries of loans and leases previously charged-off 20  16  36 
Provision (benefit) for loan and lease losses (35) 59  24 
ALLL balance, end of period $ 1,498  $ 737  $ 2,235 
AULC balance, beginning of period $ 64  $ 55  $ 119 
Provision for unfunded lending commitments 76  6  82 
AULC balance, end of period $ 140  $ 61  $ 201 
ACL balance, end of period $ 1,638  $ 798  $ 2,436 
Three months ended September 30, 2023
ALLL balance, beginning of period $ 1,483  $ 694  $ 2,177 
Loan and lease charge-offs (85) (46) (131)
Recoveries of loans and leases previously charged-off 40  18  58 
Provision for loan and lease losses 66  38  104 
ALLL balance, end of period $ 1,504  $ 704  $ 2,208 
AULC balance, beginning of period $ 78  $ 87  $ 165 
Provision (benefit) for unfunded lending commitments (2) (3) (5)
AULC balance, end of period $ 76  $ 84  $ 160 
ACL balance, end of period $ 1,580  $ 788  $ 2,368 
(dollar amounts in millions) Commercial Consumer Total
Nine months ended September 30, 2024
ALLL balance, beginning of period $ 1,563  $ 692  $ 2,255 
Loan and lease charge-offs (243) (159) (402)
Recoveries of loans and leases previously charged-off 77  50  127 
Provision for loan and lease losses 101  154  255 
ALLL balance, end of period $ 1,498  $ 737  $ 2,235 
AULC balance, beginning of period $ 66  $ 79  $ 145 
Provision (benefit) for unfunded lending commitments 74  (18) 56 
AULC balance, end of period $ 140  $ 61  $ 201 
ACL balance, end of period $ 1,638  $ 798  $ 2,436 
Nine months ended September 30, 2023
ALLL balance, beginning of period $ 1,424  $ 697  $ 2,121 
Loan and lease charge-offs (190) (132) (322)
Recoveries of loans and leases previously charged-off 89  54  143 
Provision for loan and lease losses 181  85  266 
ALLL balance, end of period $ 1,504  $ 704  $ 2,208 
AULC balance, beginning of period $ 71  $ 79  $ 150 
Provision for unfunded lending commitments 5  5  10 
AULC balance, end of period $ 76  $ 84  $ 160 
ACL balance, end of period $ 1,580  $ 788  $ 2,368