v3.25.1
Loans And The Allowance For Credit Losses
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Loans And The Allowance For Credit Losses
NOTE 4. LOANS AND THE ALLOWANCE FOR CREDIT LOSSES
LOANS
The following table presents the distribution of Regions' loan portfolio by segment and class, net of unearned income:
March 31, 2025December 31, 2024
 (In millions)
Commercial and industrial$48,879 $49,671 
Commercial real estate mortgage—owner-occupied4,849 4,841 
Commercial real estate construction—owner-occupied316 333 
Total commercial54,044 54,845 
Commercial investor real estate mortgage6,376 6,567 
Commercial investor real estate construction2,457 2,143 
Total investor real estate8,833 8,710 
Residential first mortgage20,000 20,094 
Home equity lines3,130 3,150 
Home equity loans2,371 2,390 
Consumer credit card1,384 1,445 
Other consumer (1)
5,971 6,093 
Total consumer32,856 33,172 
Total loans, net of unearned income$95,733 $96,727 
______
(1) Starting in 2025, other consumer loans include exit portfolios, which consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
ALLOWANCE FOR CREDIT LOSSES
Regions determines the appropriate level of the allowance on a quarterly basis. Refer to Note 1 "Summary of Significant Accounting Policies" in the Annual Report on Form 10-K for the year ended December 31, 2024, for a description of the methodology.
ROLLFORWARD OF ALLOWANCE FOR CREDIT LOSSES
The following tables present analyses of the allowance for credit losses by portfolio segment for three months ended March 31, 2025, and 2024.
 Three Months Ended March 31, 2025
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, January 1, 2025$743 $240 $630 $1,613 
Provision for loan losses49 18 56 123 
Loan losses:
Charge-offs(59)(22)(64)(145)
Recoveries12 — 10 22 
Net loan losses(47)(22)(54)(123)
Allowance for loan losses, March 31, 2025745 236 632 1,613 
Reserve for unfunded credit commitments, January 1, 202591 7 18 116 
Provision for unfunded credit commitments— 1 — 1 
Reserve for unfunded credit commitments, March 31, 202591 8 18 117 
Allowance for credit losses, March 31, 2025$836 $244 $650 $1,730 
 Three Months Ended March 31, 2024
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, January 1, 2024$722 $192 $662 $1,576 
Provision for loan losses88 23 51 162 
Loan losses:
Charge-offs(62)(5)(74)(141)
Recoveries8 1 11 20 
Net loan losses(54)(4)(63)(121)
Allowance for loan losses, March 31, 2024756 211 650 1,617 
Reserve for unfunded credit commitments, January 1, 202492 13 19 124 
Provision for (benefit from) unfunded credit commitments(5)(3)(2)(10)
Reserve for unfunded credit commitments, March 31, 202487 10 17 114 
Allowance for credit losses, March 31, 2024$843 $221 $667 $1,731 
PORTFOLIO SEGMENT RISK FACTORS
Regions' portfolio segments are commercial, investor real estate, and consumer. Classes within each segment present unique credit risks. Refer to Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2024 for information regarding Regions' portfolio segments and related classes, as well as the risks specific to each.
CREDIT QUALITY INDICATORS
The commercial and investor real estate portfolio segments' primary credit quality indicator is internal risk ratings which are detailed by categories related to underlying credit quality and probability of default. Regions assigns these risk ratings at loan origination and reviews the relationship utilizing a risk-based approach on, at minimum, an annual basis or at any time management becomes aware of information affecting the borrowers' ability to fulfill their obligations. Both quantitative and qualitative factors are considered in this review process. Refer to Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2024 for information regarding commercial risk ratings.
Regions' consumer portfolio segment has various classes that present unique credit risks. Regions considers factors such as periodic updates of FICO scores, accrual status, days past due status, unemployment rates, home prices, and geography as
credit quality indicators for the consumer loan portfolio. FICO scores are obtained at origination as part of Regions' formal underwriting process. Refreshed FICO scores are obtained by the Company quarterly for most consumer loans, including residential first mortgage loans. Current FICO data is not available for certain loans in the portfolio for various reasons; for example, if customers do not use sufficient credit, an updated score may not be available. These categories are utilized to develop the associated allowance for credit losses. The higher the FICO score the less probability of default and vice versa.
The following tables present applicable credit quality indicators for the loan portfolio segments and classes, excluding loans held for sale and gross charge-offs, by vintage year as of March 31, 2025 and December 31, 2024. Regions defines the vintage date for the purposes of disclosure as the date of the most recent credit decision. In general, renewals that are categorized as new credit decisions reflect the renewal date as the vintage date. Classes in the commercial and investor real estate portfolio segments are disclosed by risk rating. Classes in the consumer portfolio segment are disclosed by current FICO scores. Refer to Note 5 "Allowance for Credit Losses" in the Annual Report on Form 10-K for the year ended December 31, 2024 for more information regarding Regions' credit quality indicators.

March 31, 2025
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20252024202320222021Prior
(In millions)
Commercial and industrial:
Risk rating:
   Pass$1,871 $7,721 $4,135 $5,742 $2,967 $4,698 $19,267 $— $(359)$46,042 
   Special Mention30 93 274 90 58 15 553 — — 1,113 
   Substandard Accrual1 100 266 264 45 96 534 — — 1,306 
   Non-accrual3 50 97 94 38 11 125 — — 418 
Total commercial and industrial$1,905 $7,964 $4,772 $6,190 $3,108 $4,820 $20,479 $— $(359)$48,879 
Commercial real estate mortgage—owner-occupied:
Risk rating:
   Pass$177 $738 $676 $769 $758 $1,243 $89 $— $(5)$4,445 
   Special Mention— 44 26 61 36 74 8 — — 249 
   Substandard Accrual1 19 5 35 20 34 1 — — 115 
   Non-accrual2 1 1 4 15 16 1 — — 40 
Total commercial real estate mortgage—owner-occupied:$180 $802 $708 $869 $829 $1,367 $99 $— $(5)$4,849 
Commercial real estate construction—owner-occupied:
Risk rating:
   Pass$14 $116 $34 $36 $29 $56 $8 $— $— $293 
   Special Mention— 10 6 2 — — — — — 18 
   Substandard Accrual1 — — 2 — 1 — — — 4 
   Non-accrual— — — — — 1 — — — 1 
Total commercial real estate construction—owner-occupied:$15 $126 $40 $40 $29 $58 $8 $— $— $316 
Total commercial$2,100 $8,892 $5,520 $7,099 $3,966 $6,245 $20,586 $— $(364)$54,044 
Commercial investor real estate mortgage:
Risk rating:
   Pass$515 $1,346 $464 $1,488 $641 $373 $289 $— $(2)$5,114 
   Special Mention86 124 — 221 23 48 — — — 502 
   Substandard Accrual47 111 — 123 39 29 84 — — 433 
   Non-accrual— 123 79 77 — 48 — — — 327 
Total commercial investor real estate mortgage$648 $1,704 $543 $1,909 $703 $498 $373 $— $(2)$6,376 
Commercial investor real estate construction:
Risk rating:
   Pass$11 $371 $466 $412 $— $2 $817 $— $(14)$2,065 
   Special Mention94 27 — 211 — — 56 — — 388 
   Substandard Accrual— — — — — — 4 — — 4 
March 31, 2025
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20252024202320222021Prior
(In millions)
   Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$105 $398 $466 $623 $— $2 $877 $— $(14)$2,457 
Total investor real estate$753 $2,102 $1,009 $2,532 $703 $500 $1,250 $— $(16)$8,833 
Residential first mortgage:
FICO scores:
   Above 720$203 $1,171 $1,930 $2,689 $3,981 $6,560 $— $— $— $16,534 
   681-72025 96 171 230 274 497 — — — 1,293 
   620-6808 57 92 134 133 385 — — — 809 
   Below 620— 26 82 161 165 546 — — — 980 
   Data not available7 31 26 17 34 98 2 — 169 384 
Total residential first mortgage$243 $1,381 $2,301 $3,231 $4,587 $8,086 $2 $— $169 $20,000 
Home equity lines:
FICO scores:
   Above 720$— $— $— $— $— $— $2,357 $52 $— $2,409 
   681-720— — — — — — 347 13 — 360 
   620-680— — — — — — 196 12 — 208 
   Below 620— — — — — — 113 8 — 121 
   Data not available— — — — — — — — 32 32 
Total home equity lines$— $— $— $— $— $— $3,013 $85 $32 $3,130 
Home equity loans:
FICO scores:
   Above 720$74 $320 $244 $296 $317 $604 $— $— $— $1,855 
   681-72017 45 42 45 40 72 — — — 261 
   620-6805 20 21 24 21 59 — — — 150 
   Below 620— 4 9 15 14 47 — — — 89 
   Data not available— — — — — — — — 16 16 
Total home equity loans$96 $389 $316 $380 $392 $782 $— $— $16 $2,371 
Consumer credit card:
FICO scores:
Above 720$— $— $— $— $— $— $806 $— $— $806 
681-720— — — — — — 273 — — 273 
620-680— — — — — — 227 — — 227 
Below 620— — — — — — 111 — — 111 
Data not available— — — — — — 5 — (38)(33)
Total consumer credit card$— $— $— $— $— $— $1,422 $— $(38)$1,384 
Other consumer(2):
FICO scores:
   Above 720$175 $826 $944 $1,272 $392 $415 $112 $— $— $4,136 
   681-72021 154 181 266 90 82 61 — — 855 
   620-68011 83 103 179 61 52 50 — — 539 
   Below 6201 21 47 116 40 32 31 — — 288 
   Data not available56 21 4 10 5 154 — — (97)153 
Total other consumer$264 $1,105 $1,279 $1,843 $588 $735 $254 $— $(97)$5,971 
Total consumer loans$603 $2,875 $3,896 $5,454 $5,567 $9,603 $4,691 $85 $82 $32,856 
Total Loans$3,456 $13,869 $10,425 $15,085 $10,236 $16,348 $26,527 $85 $(298)$95,733 
December 31, 2024
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20242023202220212020Prior
(In millions)
Commercial and industrial:
Risk rating:
   Pass$8,285 $4,798 $6,295 $3,284 $1,526 $3,446 $19,165 $— $114 $46,913 
   Special Mention59 309 173 61 3 41 460 — — 1,106 
   Substandard Accrual81 179 255 79 32 84 534 — — 1,244 
   Non-accrual48 90 124 37 5 6 98 — — 408 
Total commercial and industrial$8,473 $5,376 $6,847 $3,461 $1,566 $3,577 $20,257 $— $114 $49,671 
Commercial real estate mortgage—owner-occupied:
Risk rating:
   Pass$794 $695 $796 $785 $522 $808 $87 $— $(5)$4,482 
   Special Mention5 21 57 33 9 57 2 — — 184 
   Substandard Accrual4 6 37 40 15 33 3 — — 138 
   Non-accrual2 2 5 14 4 9 1 — — 37 
Total commercial real estate mortgage—owner-occupied:$805 $724 $895 $872 $550 $907 $93 $— $(5)$4,841 
Commercial real estate construction—owner-occupied:
Risk rating:
   Pass$131 $54 $38 $30 $20 $37 $7 $— $— $317 
   Special Mention— 6 1 — — — — — — 7 
   Substandard Accrual— — 3 — 1 — — — — 4 
   Non-accrual— — — — 1 4 — — — 5 
Total commercial real estate construction—owner-occupied:$131 $60 $42 $30 $22 $41 $7 $— $— $333 
Total commercial$9,409 $6,160 $7,784 $4,363 $2,138 $4,525 $20,357 $— $109 $54,845 
Commercial investor real estate mortgage:
Risk rating:
   Pass$1,598 $464 $1,753 $747 $322 $125 $314 $— $(2)$5,321 
   Special Mention173 12 209 30 11 1 4 — — 440 
   Substandard Accrual76 — 131 39 28 2 107 — — 383 
   Non-accrual167 93 113 — — 50 — — — 423 
Total commercial investor real estate mortgage$2,014 $569 $2,206 $816 $361 $178 $425 $— $(2)$6,567 
Commercial investor real estate construction:
Risk rating:
   Pass$300 $380 $443 $— $— $2 $694 $— $(13)$1,806 
   Special Mention— 32 218 — — — 76 — — 326 
   Substandard Accrual— — — — — — 11 — — 11 
   Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$300 $412 $661 $— $— $2 $781 $— $(13)$2,143 
Total investor real estate$2,314 $981 $2,867 $816 $361 $180 $1,206 $— $(15)$8,710 
Residential first mortgage:
FICO scores:
   Above 720$1,111 $1,967 $2,742 $4,055 $4,004 $2,730 $— $— $— $16,609 
   681-720107 185 253 289 222 305 — — — 1,361 
   620-68056 87 141 136 99 283 — — — 802 
   Below 62015 73 138 150 100 419 — — — 895 
   Data not available29 31 16 41 46 90 2 — 172 427 
Total residential first mortgage$1,318 $2,343 $3,290 $4,671 $4,471 $3,827 $2 $— $172 $20,094 
December 31, 2024
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20242023202220212020Prior
(In millions)
Home equity lines:
FICO scores:
   Above 720$— $— $— $— $— $— $2,341 $48 $— $2,389 
   681-720— — — — — — 339 12 — 351 
   620-680— — — — — — 176 11 — 187 
   Below 620— — — — — — 96 7 — 103 
   Data not available— — — — — — 81 5 34 120 
Total home equity lines$— $— $— $— $— $— $3,033 $83 $34 $3,150 
Home equity loans:
FICO scores:
   Above 720$328 $263 $308 $329 $163 $472 $— $— $— $1,863 
   681-72051 40 49 39 16 56 — — — 251 
   620-68018 19 23 21 9 48 — — — 138 
   Below 6203 7 14 13 5 37 — — — 79 
   Data not available1 1 4 7 4 26 — — 16 59 
Total home equity loans$401 $330 $398 $409 $197 $639 $— $— $16 $2,390 
Consumer credit card:
FICO scores:
Above 720$— $— $— $— $— $— $847 $— $— $847 
681-720— — — — — — 270 — 270 
620-680— — — — — — 224 — — 224 
Below 620— — — — — — 108 — — 108 
Data not available— — — — — — 18 — (22)(4)
Total consumer credit card$— $— $— $— $— $— $1,467 $— $(22)$1,445 
Other consumer(2):
FICO scores:
   Above 720$898 $1,016 $1,337 $417 $232 $213 $117 $— $— $4,230 
   681-720160 191 275 97 49 40 62 — — 874 
   620-68082 111 191 64 31 25 50 — — 554 
   Below 62016 47 117 43 19 17 31 — — 290 
   Data not available71 4 10 6 5 155 2 — (108)145 
Total other consumer$1,227 $1,369 $1,930 $627 $336 $450 $262 $— $(108)$6,093 
Total consumer loans$2,946 $4,042 $5,618 $5,707 $5,004 $4,916 $4,764 $83 $92 $33,172 
Total Loans$14,669 $11,183 $16,269 $10,886 $7,503 $9,621 $26,327 $83 $186 $96,727 
________
(1)Other consists of amounts that are not accounted for at the loan level.
(2)Other consumer class includes overdrafts which are included in the current vintage year. Starting in 2025, other consumer loans include exit portfolios, which consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
The following tables present gross charge-offs by vintage year for the three months ended March 31, 2025 and 2024.
March 31, 2025
Term LoansRevolving LoansTotal
20252024202320222021Prior
(In millions)
Commercial and industrial$— $3 $7 $13 $3 $1 $30 $57 
Commercial real estate mortgage—owner-occupied— — — — 1 1 — 2 
Total commercial— 3 7 13 4 2 30 59 
Commercial investor real estate mortgage— 8 12 — — 2 — 22 
Total investor real estate— 8 12 — — 2 — 22 
Consumer credit card— — — — — — 17 17 
Other consumer(1)
3 11 7 13 5 5 3 47 
Total consumer3 11 7 13 5 5 20 64 
Total gross charge-offs$3 $22 $26 $26 $9 $9 $50 $145 
March 31, 2024
Term LoansRevolving LoansTotal
20242023202220212020Prior
(In millions)
Commercial and industrial$5 $23 $17 $5 $2 $7 $3 $62 
Total commercial5 23 17 5 2 7 3 62 
Commercial investor real estate mortgage— — — 5 — — — 5 
Total investor real estate— — — 5 — — — 5 
Residential first mortgage— — — — — 1 — 1 
Home equity lines— — — — — — 1 1 
Consumer credit card— — — — — — 16 16 
Other consumer(1)
6 16 20 6 3 5 — 56 
Total consumer6 16 20 6 3 6 17 74 
Total gross charge-offs$11 $39 $37 $16 $5 $13 $20 $141 
______
(1)Other consumer class includes overdraft gross charge-offs. The majority of overdraft gross charge-offs for the three months ended March 31, 2025 and 2024 are included in the current vintage year. Starting in 2025, other consumer loans include exit portfolios, which consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
AGING AND NON-ACCRUAL ANALYSIS
The following tables include an aging analysis of DPD and loans on non-accrual status for each portfolio segment and class as of March 31, 2025 and December 31, 2024. Loans on non-accrual status with no related allowance totaled $150 million and $119 million and were comprised of commercial and investor real estate loans at March 31, 2025 and December 31, 2024, respectively. Non–accrual loans with no related allowance typically include loans where the underlying collateral is deemed sufficient to recover all remaining principal. Loans that have been fully charged-off do not appear in the tables below.

 March 31, 2025
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$47 $21 $22 $90 $48,461 $418 $48,879 
Commercial real estate mortgage—owner-occupied2 1 1 4 4,809 40 4,849 
Commercial real estate construction—owner-occupied— — — — 315 1 316 
Total commercial49 22 23 94 53,585 459 54,044 
Commercial investor real estate mortgage10 10 — 20 6,049 327 6,376 
Commercial investor real estate construction— — — — 2,457 — 2,457 
Total investor real estate10 10 — 20 8,506 327 8,833 
Residential first mortgage116 55 146 317 19,975 25 20,000 
Home equity lines15 8 13 36 3,104 26 3,130 
Home equity loans9 4 6 19 2,365 6 2,371 
Consumer credit card11 8 21 40 1,384 — 1,384 
Other consumer(1)
46 22 23 91 5,971 — 5,971 
Total consumer197 97 209 503 32,799 57 32,856 
$256 $129 $232 $617 $94,890 $843 $95,733 
 
 December 31, 2024
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$51 $18 $7 $76 $49,263 $408 $49,671 
Commercial real estate mortgage—owner-occupied4 1 1 6 4,804 37 4,841 
Commercial real estate construction—owner-occupied— — — — 328 5 333 
Total commercial55 19 8 82 54,395 450 54,845 
Commercial investor real estate mortgage— — — — 6,144 423 6,567 
Commercial investor real estate construction— — — — 2,143 — 2,143 
Total investor real estate— — — — 8,287 423 8,710 
Residential first mortgage139 78 143 360 20,071 23 20,094 
Home equity lines15 9 16 40 3,124 26 3,150 
Home equity loans11 6 7 24 2,384 6 2,390 
Consumer credit card11 9 20 40 1,445 — 1,445 
Other consumer(1)
51 26 27 104 6,093 — 6,093 
Total consumer227 128 213 568 33,117 55 33,172 
$282 $147 $221 $650 $95,799 $928 $96,727 
_____
(1) Starting in 2025, other consumer loans include exit portfolios, which consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
At March 31, 2025 and December 31, 2024, the Company had collateral-dependent commercial loans of $291 million and $264 million, respectively. At March 31, 2025 and December 31, 2024, the Company had collateral-dependent investor real estate loans of $293 million and $323 million, respectively. The collateral for commercial and investor real estate loans generally consists of all business assets including real estate, receivables and equipment. At March 31, 2025 and December 31, 2024, the Company had collateral-dependent residential mortgage and home equity loans and lines totaling $119 million and $115 million, respectively. The collateral for these loans are secured by residential real estate. Refer to Note 1 "Summary of Significant Accounting Policies" in the Annual Report on Form 10-K for the year ended December 31, 2024 for additional details for the criteria of collateral-dependent loans.
MODIFICATIONS TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY
The majority of Regions' commercial and investor real estate modifications to troubled borrowers are the result of renewals of classified loans wherein there has been an interest rate reduction and/or maturity extension (that is considered other than insignificant). Similarly, Regions works to meet the individual needs of troubled consumer borrowers through its CAP. Regions designed the program to allow for customer-tailored modifications with the goal of keeping customers in their homes and avoiding foreclosure where possible. Modifications may be offered to any borrower experiencing financial hardship regardless of the borrower's payment status. Consumer modifications to troubled borrowers primarily involve an interest rate reduction and/or a payment deferral or maturity extension that is considered other than insignificant. All CAP modifications that involve an interest rate reduction, principal forgiveness, other than insignificant payment deferral or term extension and/or a combination of these are disclosed as modifications to troubled borrowers because the customer documents a financial hardship in order to participate. Refer to Note 1 "Summary of Significant Accounting Policies" in the Annual Report on Form 10-K for the year ended December 31, 2024 for additional information regarding the Company's modifications to troubled borrowers.
For each portfolio segment and class, the following tables present the end of period balances of new modifications to troubled borrowers and the related percentage of the loan portfolio period-end balance by the type of modification in the three months ended March 31, 2025 and 2024.
Three Months Ended March 31, 2025
Term ExtensionInterest Rate ReductionPayment DeferralTerm Extension and Interest Rate ModificationTotal
$
%(1)
$
%(1)
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$57 0.12 %$3 0.01 %$— — %$— — %$60 0.12 %
Commercial real estate mortgage—owner-occupied2 0.03 %— — %— — %— — %2 0.03 %
Total commercial59 0.11 %3 0.01 %— — %— — %62 0.12 %
Commercial investor real estate mortgage24 0.37 %— — %— — %— — %24 0.37 %
Total investor real estate24 0.27 %— — %— — %— — %24 0.27 %
Residential first mortgage58 0.29 %— — %1 — %6 0.03 %65 0.32 %
Home equity lines— 0.02 %— — %— — %2 0.06 %2 0.08 %
Home equity loans1 0.03 %— — %— — %1 0.07 %2 0.10 %
Total consumer59 0.18 %— — %1 — %9 0.03 %69 0.21 %
Total$142 0.15 %$3 — %$1 — %$9 0.01 %$155 0.16 %
Three Months Ended March 31, 2024
Term ExtensionTerm Extension and Interest Rate ModificationTotal
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$40 0.08 %$— — %$40 0.08 %
Commercial real estate mortgage—owner-occupied1 0.01 %— — %1 0.01 %
Total commercial41 0.07 %— — %41 0.07 %
Commercial investor real estate mortgage100 1.56 %— — %100 1.56 %
Total investor real estate100 1.14 %— — %100 1.14 %
Residential first mortgage39 0.19 %1 0.01 %40 0.20 %
Home equity lines— — %1 0.02 %1 0.03 %
Home equity loans1 0.04 %2 0.08 %3 0.12 %
Total consumer40 0.12 %4 0.01 %44 0.13 %
$181 0.19 %$4 — %$185 0.19 %
____
(1) Amounts calculated based upon whole dollar values.
The end of period balance of unfunded commitments related to modifications to troubled borrowers at March 31, 2025 was immaterial and at December 31, 2024 was $71 million.
The following tables present the financial impact of modifications to troubled borrowers during the three months ended March 31, 2025 and 2024 by class of financing receivable and the type of modification. The tables include new modifications to troubled borrowers, as well as renewals of existing modifications to troubled borrowers.
Three Months Ended March 31, 2025
Interest Rate ReductionTerm ExtensionPayment DeferralTerm Extension and Interest Rate Modification
Weighted-Average Term ExtensionWeighted-Average Term Extension Weighted-Average Payment DeferralWeighted-Average Term Extension Weighted-Average Reduction in Interest Rate
(In years, except for percentage data)
Commercial and industrialless than 1%0.42— — — 
Commercial real estate mortgage—owner-occupied— 1.92— — — 
Commercial investor real estate mortgage— 0.67— — — 
Residential first mortgage— 70.672less than 1%
Home equity lines— 30— 232 %
Home equity loans— 13— 212 %
Three Months Ended March 31, 2024
Term ExtensionTerm Extension and Interest Rate Modification
Weighted-Average Term Extension Weighted-Average Term Extension Weighted-Average Reduction in Interest Rate
(In years, except for percentage data)
Commercial and industrial1— — 
Commercial real estate mortgage—owner-occupied0.67— — 
Commercial investor real estate mortgage0.58— — 
Residential first mortgage69less than 1%
Home equity lines— 192 %
Home equity loans12252 %
The following tables include the end of period balances of aging and non-accrual performance for modifications to troubled borrowers modified in the previous twelve-month period by portfolio segment and class as of March 31, 2025 and March 31, 2024.
March 31, 2025
Current30-89 DPD90+ DPDNon-Performing LoansTotal
(In millions)
Commercial and industrial$72 $3 $— $18 $93 
Commercial real estate mortgage—owner-occupied2 — — 1 3 
Commercial real estate construction—owner-occupied— — — — — 
Total commercial74 3 — 19 96 
Commercial investor real estate mortgage64 — — 54 118 
Total investor real estate64 — — 54 118 
Residential first mortgage138 25 15 7 185 
Home equity lines10 — — 1 11 
Home equity loans8 1 — 2 11 
Total consumer156 26 15 10 207 
$294 $29 $15 $83 $421 
March 31, 2024
Current30-89 DPD90+ DPDNon-Performing LoansTotal
(In millions)
Commercial and industrial$161 $— $— $184 $345 
Commercial real estate mortgage—owner-occupied1 — — 1 2 
Total commercial162 — — 185 347 
Commercial investor real estate mortgage192 — — 108 300 
Total investor real estate192 — — 108 300 
Residential first mortgage87 13 8 5 113 
Home equity lines4 — — — 4 
Home equity loans6 1 — 2 9 
Total consumer97 14 8 7 126 
$451 $14 $8 $300 $773 
For modifications to troubled borrowers, a subsequent payment default is defined in terms of delinquency, when a principal or interest payment is 90 days past due or classified as non-accrual status during the reporting period. Loans defaulted during the three-month periods ended March 31, 2025 and March 31, 2024 that were restructured as modifications to troubled borrowers during the previous twelve months had period-end balances of $24 million and $79 million, respectively