Annual report pursuant to Section 13 and 15(d)

ALLOWANCE FOR CREDIT LOSSES (Tables)

v3.25.0.1
ALLOWANCE FOR CREDIT LOSSES (Tables)
 12 Months Ended
Dec. 31, 2024
Credit Loss [Abstract]  
Allowance Roll-forward
The following table presents ACL activity by portfolio segment.
(dollar amounts in millions) Commercial Consumer Total
Year Ended December 31, 2024:
ALLL balance, beginning of period $ 1,563  $ 692  $ 2,255 
Loan and lease charge-offs (311) (220) (531)
Recoveries of loans and leases previously charged-off 94  65  159 
Provision for loan and lease losses 138  223  361 
ALLL balance, end of period $ 1,484  $ 760  $ 2,244 
AULC balance, beginning of period $ 66  $ 79  $ 145 
Provision (benefit) for unfunded lending commitments
 78  (21) 57 
AULC balance, end of period $ 144  $ 58  $ 202 
ACL balance, end of period $ 1,628  $ 818  $ 2,446 
Year Ended December 31, 2023:
ALLL balance, beginning of period $ 1,424  $ 697  $ 2,121 
Loan and lease charge-offs (270) (184) (454)
Recoveries of loans and leases previously charged-off 112  69  181 
Provision for loan and lease losses
 297  110  407 
ALLL balance, end of period $ 1,563  $ 692  $ 2,255 
AULC balance, beginning of period $ 71  $ 79  $ 150 
Provision (benefit) for unfunded lending commitments
 (5) —  (5)
AULC balance, end of period $ 66  $ 79  $ 145 
ACL balance, end of period $ 1,629  $ 771  $ 2,400 
Year Ended December 31, 2022:
ALLL balance, beginning of period $ 1,462  $ 568  $ 2,030 
Loan and lease charge-offs (129) (184) (313)
Recoveries of loans and leases previously charged-off 114  78  192 
Provision (benefit) for loan and lease losses (23) 235  212 
ALLL balance, end of period $ 1,424  $ 697  $ 2,121 
AULC balance, beginning of period $ 41  $ 36  $ 77 
Provision for unfunded lending commitments 30  43  73 
AULC balance, end of period $ 71  $ 79  $ 150 
ACL balance, end of period $ 1,495  $ 776  $ 2,271