v3.25.2
Loans And The Allowance For Credit Losses
 6 Months Ended
Jun. 30, 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:
June 30, 2025December 31, 2024
 (In millions)
Commercial and industrial$49,586 $49,671 
Commercial real estate mortgage—owner-occupied4,890 4,841 
Commercial real estate construction—owner-occupied275 333 
Total commercial54,751 54,845 
Commercial investor real estate mortgage6,949 6,567 
Commercial investor real estate construction2,149 2,143 
Total investor real estate9,098 8,710 
Residential first mortgage20,020 20,094 
Home equity lines3,184 3,150 
Home equity loans2,352 2,390 
Consumer credit card1,415 1,445 
Other consumer (1)
5,903 6,093 
Total consumer32,874 33,172 
Total loans, net of unearned income$96,723 $96,727 
______
(1) Starting in 2025, other consumer loans also includes exit portfolios, which were previously presented separately. The portfolio 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 and six months ended June 30, 2025, and 2024.
 Three Months Ended June 30, 2025
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, April 1, 2025$745 $236 $632 $1,613 
Provision for loan losses62 — 50 112 
Loan losses:
Charge-offs(70)(2)(61)(133)
Recoveries10 — 10 20 
Net loan losses(60)(2)(51)(113)
Allowance for loan losses, June 30, 2025747 234 631 1,612 
Reserve for unfunded credit commitments, April 1, 202591 8 18 117 
Provision for unfunded credit commitments8 5 1 14 
Reserve for unfunded credit commitments, June 30, 202599 13 19 131 
Allowance for credit losses, June 30, 2025$846 $247 $650 $1,743 
 Three Months Ended June 30, 2024
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, April 1, 2024$756 $211 $650 $1,617 
Provision for loan losses31 21 53 105 
Loan losses:
Charge-offs(61)— (62)(123)
Recoveries10 1 11 22 
Net loan (losses) recoveries(51)1 (51)(101)
Allowance for loan losses, June 30, 2024736 233 652 1,621 
Reserve for unfunded credit commitments, April 1, 202487 10 17 114 
Provision for (benefit from) unfunded credit commitments(2)(2)1 (3)
Reserve for unfunded credit commitments, June 30, 202485 8 18 111 
Allowance for credit losses, June 30, 2024$821 $241 $670 $1,732 
 Six Months Ended June 30, 2025
 CommercialInvestor Real
Estate		ConsumerTotal
 (In millions)
Allowance for loan losses, January 1, 2025$743 $240 $630 $1,613 
Provision for loan losses111 18 106 235 
Loan losses:
Charge-offs(129)(24)(125)(278)
Recoveries22 — 20 42 
Net loan losses(107)(24)(105)(236)
Allowance for loan losses, June 30, 20257472346311,612
Reserve for unfunded credit commitments, January 1, 202591 7 18 116 
Provision for (benefit from) unfunded credit losses8 6 1 15 
Reserve for unfunded credit commitments, June 30, 202599 13 19 131 
Allowance for credit losses, June 30, 2025$846 $247 $650 $1,743 
Six Months Ended June 30, 2024
CommercialInvestor Real
Estate		ConsumerTotal
(In millions)
Allowance for loan losses, January 1, 2024$722 $192 $662 $1,576 
Provision for loan losses119 44 104 267 
Loan losses:
Charge-offs(123)(5)(136)(264)
Recoveries18 2 22 42 
Net loan (losses) recoveries(105)(3)(114)(222)
Allowance for loan losses, June 30, 20247362336521,621
Reserve for unfunded credit commitments, January 1, 202492 13 19 124 
Provision for (benefit from) unfunded credit losses(7)(5)(1)(13)
Reserve for unfunded credit commitments, June 30, 202485 8 18 111 
Allowance for credit losses, June 30, 2024$821 $241 $670 $1,732 
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 June 30, 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.

June 30, 2025
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20252024202320222021Prior
(In millions)
Commercial and industrial:
Risk rating:
   Pass$4,815 $7,082 $3,662 $5,010 $2,537 $4,181 $19,665 $— $101 $47,053 
   Special Mention32 93 235 70 50 26 315 — — 821 
   Substandard Accrual43 112 271 231 32 76 556 — — 1,321 
   Non-accrual30 56 71 75 35 10 114 — — 391 
Total commercial and industrial$4,920 $7,343 $4,239 $5,386 $2,654 $4,293 $20,650 $— $101 $49,586 
Commercial real estate mortgage—owner-occupied:
Risk rating:
   Pass$356 $794 $650 $751 $718 $1,138 $103 $— $(5)$4,505 
   Special Mention2 9 18 63 36 64 2 — — 194 
   Substandard Accrual34 23 7 16 27 33 6 — — 146 
   Non-accrual1 1 1 5 16 21 — — — 45 
Total commercial real estate mortgage—owner-occupied:$393 $827 $676 $835 $797 $1,256 $111 $— $(5)$4,890 
Commercial real estate construction—owner-occupied:
Risk rating:
   Pass$48 $50 $28 $32 $22 $48 $8 $— $— $236 
   Special Mention1 18 6 8 1 — — — — 34 
   Substandard Accrual1 1 — — — 2 — — — 4 
   Non-accrual— — — — — 1 — — — 1 
Total commercial real estate construction—owner-occupied:$50 $69 $34 $40 $23 $51 $8 $— $— $275 
Total commercial$5,363 $8,239 $4,949 $6,261 $3,474 $5,600 $20,769 $— $96 $54,751 
Commercial investor real estate mortgage:
Risk rating:
   Pass$1,503 $1,124 $381 $1,391 $474 $224 $411 $— $(4)$5,504 
   Special Mention236 28 75 230 1 — 31 — — 601 
   Substandard Accrual142 46 — 184 99 30 60 — — 561 
   Non-accrual— 164 34 51 — 10 24 — — 283 
Total commercial investor real estate mortgage$1,881 $1,362 $490 $1,856 $574 $264 $526 $— $(4)$6,949 
Commercial investor real estate construction:
Risk rating:
   Pass$43 $480 $482 $216 $— $2 $732 $— $(12)$1,943 
   Special Mention59 13 — 126 — — 8 — — 206 
   Substandard Accrual— — — — — — — — — — 
   Non-accrual— — — — — — — — — — 
Total commercial investor real estate construction$102 $493 $482 $342 $— $2 $740 $— $(12)$2,149 
Total investor real estate$1,983 $1,855 $972 $2,198 $574 $266 $1,266 $— $(16)$9,098 
Residential first mortgage:
FICO scores:
   Above 720$620 $1,212 $1,870 $2,643 $3,890 $6,350 $— $— $— $16,585 
   681-72048 99 169 212 255 477 — — — 1,260 
   620-68020 47 83 135 144 389 — — — 818 
   Below 6204 33 88 157 158 531 — — — 971 
   Data not available19 27 23 15 32 95 2 — 173 386 
Total residential first mortgage$711 $1,418 $2,233 $3,162 $4,479 $7,842 $2 $— $173 $20,020 
June 30, 2025
Term LoansRevolving Loans Revolving Loans Converted to Amortizing
Other (1)
Total
20252024202320222021Prior
(In millions)
Home equity lines:
FICO scores:
   Above 720$— $— $— $— $— $— $2,416 $58 — $2,474 
   681-720— — — — — — 339 11 $— — 350 
   620-680— — — — — — 191 13 — 204 
   Below 620— — — — — — 117 9 — 126 
   Data not available— — — — — — 1 — 29 30 
Total home equity lines$— $— $— $— $— $— $3,064 $91 $29 $3,184 
Home equity loans:
FICO scores:
   Above 720$158 $297 $231 $282 $301 $566 $— $— $— $1,835 
   681-72031 45 39 43 37 66 — — — 261 
   620-6809 21 18 22 21 57 — — — 148 
   Below 6201 6 11 17 14 43 — — — 92 
   Data not available— — — — — — — — 16 16 
Total home equity loans$199 $369 $299 $364 $373 $732 $— $— $16 $2,352 
Consumer credit card:
FICO scores:
Above 720$— $— $— $— $— $— $835 $— $— $835 
681-720— — — — — — 273 — — 273 
620-680— — — — — — 228 — — 228 
Below 620— — — — — — 114 — — 114 
Data not available— — — — — — 5 — (40)(35)
Total consumer credit card$— $— $— $— $— $— $1,455 $— $(40)$1,415 
Other consumer(2):
FICO scores:
   Above 720$387 $750 $895 $1,224 $371 $387 $112 $— $— $4,126 
   681-72053 136 160 245 84 73 61 — — 812 
   620-68027 74 93 170 58 50 47 — — 519 
   Below 6205 25 48 111 36 30 32 — — 287 
   Data not available76 4 4 9 6 149 — — (89)159 
Total other consumer$548 $989 $1,200 $1,759 $555 $689 $252 $— $(89)$5,903 
Total consumer loans$1,458 $2,776 $3,732 $5,285 $5,407 $9,263 $4,773 $91 $89 $32,874 
Total Loans$8,804 $12,870 $9,653 $13,744 $9,455 $15,129 $26,808 $91 $169 $96,723 
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 $96,727 
________
(1)Other consists of amounts that are not accounted for at the loan level.
(2)Other consumer class includes overdrafts which are included in the current vintage year. Starting in 2025, other consumer loans also includes exit portfolios, which were previously presented separately. The portfolio consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
The following tables present gross charge-offs by vintage year for the six months ended June 30, 2025 and 2024.
Six Months Ended June 30, 2025
Term LoansRevolving LoansTotal
20252024202320222021Prior
(In millions)
Commercial and industrial$— $16 $19 $38 $5 $2 $47 $127 
Commercial real estate mortgage—owner-occupied— — — — 1 1 — 2 
Total commercial— 16 19 38 6 3 47 129 
Commercial investor real estate mortgage— 8 12 — — 4 — 24 
Total investor real estate— 8 12 — — 4 — 24 
Residential first mortgage— — — 1 — — — 1 
Home equity lines— — — — — — 1 1 
Consumer credit card— — — — — — 34 34 
Other consumer(1)
14 15 14 23 9 9 5 89 
Total consumer14 15 14 24 9 9 40 125 
Total gross charge-offs$14 $39 $45 $62 $15 $16 $87 $278 
Six Months Ended June 30, 2024
Term LoansRevolving LoansTotal
20242023202220212020Prior
(In millions)
Commercial and industrial$5 $33 $36 $8 $4 $8 $28 $122 
Commercial real estate mortgage—owner-occupied— — — 1 — — — 1 
Total commercial5 33 36 9 4 8 28 123 
Commercial investor real estate mortgage— — — 5 — — — 5 
Total investor real estate— — — 5 — — — 5 
Residential first mortgage— — — — — 1 — 1 
Home equity lines— — — — — — 2 2 
Consumer credit card— — — — — — 31 31 
Other consumer(1)
17 23 34 11 5 8 4 102 
Total consumer17 23 34 11 5 9 37 136 
Total gross charge-offs$22 $56 $70 $25 $9 $17 $65 $264 
______
(1)Other consumer class includes overdraft gross charge-offs. The majority of overdraft gross charge-offs for the six months ended June 30, 2025 and 2024 are included in the current vintage year. Starting in 2025, other consumer loans also includes exit portfolios, which were previously presented separately. The portfolio 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 June 30, 2025 and December 31, 2024. Loans on non-accrual status with no related allowance totaled $107 million and $119 million and were comprised of commercial and investor real estate loans at June 30, 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.

 June 30, 2025
 Accrual Loans   
 30-59 DPD60-89 DPD90+ DPDTotal
30+ DPD		Total
Accrual		Non-accrualTotal
 (In millions)
Commercial and industrial$39 $28 $19 $86 $49,195 $391 $49,586 
Commercial real estate mortgage—owner-occupied8 — 1 9 4,845 45 4,890 
Commercial real estate construction—owner-occupied— — — — 274 1 275 
Total commercial47 28 20 95 54,314 437 54,751 
Commercial investor real estate mortgage— — — — 6,666 283 6,949 
Commercial investor real estate construction1 — — 1 2,149 — 2,149 
Total investor real estate1 — — 1 8,815 283 9,098 
Residential first mortgage107 64 133 304 19,996 24 20,020 
Home equity lines18 7 12 37 3,158 26 3,184 
Home equity loans8 3 7 18 2,346 6 2,352 
Consumer credit card12 8 20 40 1,415 — 1,415 
Other consumer(1)
41 25 23 89 5,903 — 5,903 
Total consumer186 107 195 488 32,818 56 32,874 
$234 $135 $215 $584 $95,947 $776 $96,723 
 
 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 also includes exit portfolios, which were previously presented separately. The portfolio consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
At both June 30, 2025 and December 31, 2024, the Company had collateral-dependent commercial loans of $264 million. At June 30, 2025 and December 31, 2024, the Company had collateral-dependent investor real estate loans of $215 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 June 30, 2025 and December 31, 2024, the Company had collateral-dependent residential mortgage and home equity loans and lines totaling $123 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
Modifications to troubled borrowers are loans where the borrower is experiencing financial difficulty at the time of modification and are undertaken in order to improve the likelihood of repayment. 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.
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 and six months ended June 30, 2025 and 2024.
Three Months Ended June 30, 2025
Term ExtensionPayment DeferralTerm Extension and Interest Rate ModificationTotal
$
%(1)
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$35 0.07 %$10 0.02 %$— — %$45 0.09 %
Commercial real estate mortgage—owner-occupied2 0.03 %— — %— — %2 0.03 %
Total commercial37 0.07 %10 0.02 %— — %47 0.09 %
Commercial investor real estate mortgage109 1.56 %— — %— — %109 1.56 %
Total investor real estate109 1.19 %— — %— — %109 1.19 %
Residential first mortgage60 0.30 %2 0.01 %3 0.02 %65 0.33 %
Home equity lines— 0.01 %— — %1 0.04 %1 0.05 %
Home equity loans1 0.06 %— — %2 0.06 %3 0.12 %
Total consumer61 0.19 %2 0.01 %6 0.02 %69 0.21 %
Total$207 0.21 %$12 0.01 %$6 0.01 %$225 0.23 %
Three Months Ended June 30, 2024
Term Extension
Payment DeferralTerm Extension and Interest Rate ModificationTotal
$
%(1)
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$23 0.05 %$— — %$— — %$23 0.05 %
Commercial real estate mortgage—owner-occupied3 0.05 %— — %— — %3 0.05 %
Total commercial26 0.05 %— — %— — %26 0.05 %
Residential first mortgage43 0.21 %1 — %1 — %45 0.22 %
Home equity lines— — %— — %1 0.05 %1 0.06 %
Home equity loans1 0.05 %— — %2 0.08 %3 0.13 %
Total consumer44 0.13 %1 — %4 0.01 %49 0.15 %
Total$70 0.07 %$1 — %$4 — %$75 0.08 %
Six Months Ended June 30, 2025
Term ExtensionInterest Rate ReductionPayment DeferralTerm Extension and Interest Rate ModificationTotal
$
%(1)
$
%(1)
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$85 0.17 %$4 0.01 %$10 0.02 %$— — %$99 0.20 %
Commercial real estate mortgage—owner-occupied2 0.04 %— — %— — %— — %2 0.04 %
Total commercial87 0.16 %4 0.01 %10 0.02 %— — %101 0.18 %
Commercial investor real estate mortgage133 1.92 %— — %— — %— — %133 1.92 %
Total investor real estate133 1.46 %— — %— — %— — %133 1.46 %
Residential first mortgage117 0.58 %— — %3 0.02 %9 0.04 %129 0.64 %
Home equity lines1 0.02 %— — %— — %3 0.10 %4 0.12 %
Home equity loans2 0.09 %— — %— — %3 0.12 %5 0.21 %
Total consumer120 0.36 %— — %3 0.01 %15 0.05 %138 0.42 %
Total$340 0.35 %$4 — %$13 0.01 %$15 0.02 %$372 0.38 %
Six Months Ended June 30, 2024
Term ExtensionPayment DeferralTerm Extension and Interest Rate ModificationTotal
$
%(1)
$
%(1)
$
%(1)
$
%(1)
(Dollars in millions)
Commercial and industrial$35 0.07 %$— — %$1 — %$36 0.07 %
Commercial real estate mortgage—owner-occupied3 0.06 %— — %— — %3 0.06 %
Total commercial38 0.07 %— — %1 — %39 0.07 %
Commercial investor real estate mortgage100 1.53 %— — %— — %100 1.53 %
Total investor real estate100 1.14 %— — %— — %100 1.14 %
Residential first mortgage80 0.40 %1 0.01 %2 0.01 %83 0.41 %
Home equity lines1 0.01 %— — %2 0.07 %3 0.08 %
Home equity loans2 0.08 %— — %4 0.16 %6 0.24 %
Total consumer83 0.25 %1 — %8 0.02 %92 0.28 %
Total$221 0.23 %$1 — %$9 0.01 %$231 0.24 %
____
(1) Amounts calculated based upon whole dollar values.
The end of period balance of unfunded commitments related to modifications to troubled borrowers was $80 million and $71 million at June 30, 2025 and December 31, 2024, respectively.
The following tables present the financial impact of modifications to troubled borrowers during the three and six months ended June 30, 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 June 30, 2025
Term ExtensionPayment DeferralTerm Extension and Interest Rate Modification
Weighted-Average Term Extension Weighted-Average Payment DeferralWeighted-Average Term Extension Weighted-Average Reduction in Interest Rate
(In years, except for percentage data)
Commercial and industrial1.170.25— — 
Commercial real estate mortgage—owner-occupied1.58— — — 
Commercial investor real estate mortgage0.67— — — 
Residential first mortgage70.6761 %
Home equity lines— — 291 %
Home equity loans12— 213 %
Three Months Ended June 30, 2024
Term ExtensionPayment DeferralTerm Extension and Interest Rate Modification
Weighted-Average Term Extension Weighted-Average Payment Deferral Weighted-Average Term Extension Weighted-Average Reduction in Interest Rate
(In years, except for percentage data)
Commercial and industrial0.92— — — 
Commercial real estate mortgage—owner-occupied0.67— — — 
Residential first mortgage70.51less than 1%
Home equity lines— — 212 %
Home equity loans7— 253 %
Six Months Ended June 30, 2025
Interest Rate Reduction
Term ExtensionPayment Deferral
Term Extension and Interest Rate Reduction
Weighted-Average Reduction in Interest RateWeighted-Average Term Extension Weighted-Average Payment Deferral Weighted-Average Term Extension Weighted-Average Reduction in Interest Rate
(In years, except for percentage data)
Commercial and industrialless than 1%0.750.25— — 
Commercial real estate mortgage—owner-occupied— 2.25— — — 
Commercial investor real estate mortgage— 0.67— — — 
Residential first mortgage— 70.6741 %
Home equity lines— 30— 261 %
Home equity loans— 12— 213 %
Six Months Ended June 30, 2024
Term ExtensionPayment Deferral
Term Extension and Interest Rate Reduction
Weighted-Average Term ExtensionWeighted-Average Payment Deferral Weighted-Average Term Extension Weighted-Average Reduction in Interest Rate
(In years, except for percentage data)
Commercial and industrial1.58— — — 
Commercial real estate mortgage—owner-occupied0.67— — — 
Commercial investor real estate mortgage0.58— — — 
Residential first mortgage70.56less than 1%
Home equity lines— — 212 %
Home equity loans9— 252 %
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 June 30, 2025 and June 30, 2024.
June 30, 2025
Current30-89 DPD90+ DPDNon-Performing LoansTotal
(In millions)
Commercial and industrial$79 $— $— $45 $124 
Commercial real estate mortgage—owner-occupied2 — — 1 3 
Total commercial81 — — 46 127 
Commercial investor real estate mortgage111 — — 89 200 
Total investor real estate111 — — 89 200 
Residential first mortgage155 32 11 6 204 
Home equity lines9 1 — 1 11 
Home equity loans8 — — 3 11 
Total consumer172 33 11 10 226 
$364 $33 $11 $145 $553 
June 30, 2024
Current30-89 DPD90+ DPDNon-Performing LoansTotal
(In millions)
Commercial and industrial$149 $— $— $74 $223 
Commercial real estate mortgage—owner-occupied2 — — 1 3 
Total commercial151 — — 75 226 
Commercial investor real estate mortgage130 — — 136 266 
Total investor real estate130 — — 136 266 
Residential first mortgage99 16 10 4 129 
Home equity lines4 — — — 4 
Home equity loans8 1 — 1 10 
Total consumer111 17 10 5 143 
$392 $17 $10 $216 $635 
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 and six month periods ended June 30, 2025 that were restructured as modifications to troubled borrowers during the previous twelve months had period-end balances of $23 million and $48 million, respectively. Loans defaulted during the three and six month periods ended June 30, 2024 that were restructured as modifications to troubled borrowers during the previous twelve months had period-end balances of $56 million and $135 million, respectively.