FIFTH THIRD BANCORP, 10-Q filed on 5/5/2026
Quarterly Report
v3.26.1
Cover Page - shares
 3 Months Ended
Mar. 31, 2026
Apr. 30, 2026
Entity Listings [Line Items]    
Document Type 10-Q  
Document Period End Date Mar. 31, 2026  
Entity File Number 001-33653  
Entity Registrant Name Fifth Third Bancorp  
Entity Incorporation, State or Country Code OH  
Entity Tax Identification Number 31-0854434  
Entity Address, Address Line One 38 Fountain Square Plaza  
Entity Address, City or Town Cincinnati  
Entity Address, State or Province OH  
Entity Address, Postal Zip Code 45263  
City Area Code 800  
Local Phone Number 972-3030  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   906,311,548
Amendment Flag false  
Entity Central Index Key 0000035527  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Current Fiscal Year End Date --12-31  
Document Quarterly Report true  
Document Transition Report false  
Common Stock, Without Par Value    
Entity Listings [Line Items]    
Title of 12(b) Security Common Stock, Without Par Value  
Trading Symbol FITB  
Security Exchange Name NASDAQ  
Series I Preferred Stock    
Entity Listings [Line Items]    
Title of 12(b) Security 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I  
Trading Symbol FITBI  
Security Exchange Name NASDAQ  
Class B Preferred stock, Series A    
Entity Listings [Line Items]    
Title of 12(b) Security 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A  
Trading Symbol FITBP  
Security Exchange Name NASDAQ  
Series K Preferred Stock    
Entity Listings [Line Items]    
Title of 12(b) Security 4.95% Non-Cumulative Perpetual Preferred Stock, Series K  
Trading Symbol FITBO  
Security Exchange Name NASDAQ  
Series M Preferred Stock    
Entity Listings [Line Items]    
Title of 12(b) Security 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series M  
Trading Symbol FITBM  
Security Exchange Name NASDAQ  
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 4,084 $ 3,499
Other short-term investments [1] 17,456 18,876
Available-for-sale debt and other securities (amortized cost of $49,238 and $39,107) 46,161 36,159
Held-to-maturity securities (fair value of $16,341 and $11,404) 16,389 11,368
Trading debt securities 1,669 1,057
Equity securities 544 453
Loans and leases held for sale (includes $714 and $658 of residential mortgage loans measured at fair value) 1,365 733
Portfolio loans and leases 176,250 122,651
Allowance for loan and lease losses [1] (2,922) (2,253)
Portfolio loans and leases, net 173,328 120,398
Bank premises and equipment (includes $18 and $9 held for sale) 3,283 2,734
Goodwill 9,966 4,947
Intangible assets 1,233 69
Servicing rights 1,583 1,598
Other assets [1] 19,978 12,485
Total Assets 297,039 214,376
Deposits:    
Noninterest-bearing deposits 65,335 42,647
Interest-bearing deposits 168,286 129,172
Total deposits 233,621 171,819
Short-term borrowings 1,289 926
Accrued taxes, interest and expenses 2,628 2,083
Other liabilities [1] 6,642 4,235
Long-term debt [1] 18,753 13,589
Total Liabilities 262,933 192,652
Equity    
Common stock [2] 2,585 2,051
Preferred stock [3] 2,182 1,770
Capital surplus 15,586 3,831
Retained earnings 25,248 25,488
Accumulated other comprehensive loss (3,234) (3,110)
Treasury stock [2] (8,261) (8,306)
Total Equity 34,106 21,724
Total Liabilities and Equity $ 297,039 $ 214,376
[1] Includes $38 and $38 of other short-term investments, $463 and $554 of portfolio loans and leases, $(8) and $(9) of ALLL, $3 and $3 of other assets, $10 and $11 of other liabilities and $391 and $473 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2026 and December 31, 2025, respectively. For further information, refer to Note 10.
[2] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at March 31, 2026 – 905,822,556 (excludes 258,416,111 treasury shares), December 31, 2025 – 661,197,787 (excludes 262,694,794 treasury shares).
[3] 500,000 shares of no par value preferred stock were authorized at both March 31, 2026 and December 31, 2025. There were 36,000 and 436,000 unissued shares of undesignated no par value preferred stock at March 31, 2026 and December 31, 2025, respectively. Each issued share of no par value preferred stock has a liquidation preference of $25,000. 500,000 shares of no par value Class B preferred stock were authorized at both March 31, 2026 and December 31, 2025. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both March 31, 2026 and December 31, 2025. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Available-for-sale debt and other securities, amortized cost $ 49,238 $ 39,107
Debt securities, fair value 16,341 11,404
Bank premises and equipment held for sale 18 9
Other short-term investments [1] 17,456 18,876
Total portfolio loans and leases 176,250 122,651
Allowance for loan and lease losses [1] (2,922) (2,253)
Other assets [1] 19,978 12,485
Other liabilities [1] 6,642 4,235
Long-term debt [1] $ 18,753 $ 13,589
Common stock, par value (in dollars per share) $ 2.22 $ 2.22
Common stock, shares authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, shares issued, not disclosed true true
Common stock, outstanding (in shares) 905,822,556 661,197,787
Treasury stock, common (in shares) 258,416,111 262,694,794
Preferred stock, authorized (in shares) 500,000 500,000
Preferred stock, unissued (in shares) 36,000 436,000
Preferred stock, liquidation preference per share (in dollars per share) $ 25,000 $ 25,000
Residential Mortgage    
Loans held for sale $ 714 $ 658
Loans measured at FV 105 106
Allowance for loan and lease losses $ (108) $ (109)
Preferred Class B    
Preferred stock, authorized (in shares) 500,000 500,000
Preferred stock, unissued (in shares) 300,000 300,000
Preferred stock, liquidation preference per share (in dollars per share) $ 1,000 $ 1,000
Variable Interest Entity, Primary Beneficiary | Automobile And Solar Loan    
Other short-term investments $ 38 $ 38
Total portfolio loans and leases 463 554
Allowance for loan and lease losses (8) (9)
Other assets 3 3
Other liabilities 10 11
Long-term debt $ 391 $ 473
[1] Includes $38 and $38 of other short-term investments, $463 and $554 of portfolio loans and leases, $(8) and $(9) of ALLL, $3 and $3 of other assets, $10 and $11 of other liabilities and $391 and $473 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2026 and December 31, 2025, respectively. For further information, refer to Note 10.
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest Income    
Interest and fees on loans and leases $ 2,293 $ 1,816
Interest on securities 501 451
Interest on other short-term investments 178 165
Total interest income 2,972 2,432
Interest Expense    
Interest on deposits 813 743
Interest on short-term borrowings 5 58
Interest on long-term debt 220 194
Total interest expense 1,038 995
Net Interest Income 1,934 1,437
Provision for credit losses 227 174
Net Interest Income After Provision for Credit Losses 1,707 1,263
Noninterest Income    
Wealth and asset management revenue 233 172
Commercial payments revenue 218 153
Consumer banking revenue 146 137
Capital markets fees 134 90
Commercial banking revenue 105 80
Mortgage banking net revenue 44 57
Other noninterest income 27 14
Securities losses, net (12) (9)
Total noninterest income 895 694
Noninterest Expense    
Compensation and benefits 1,410 750
Technology and communications 204 123
Net occupancy expense 140 87
Equipment expense 55 42
Marketing expense 50 28
Loan and lease expense 42 30
Card and processing expense 79 21
Other noninterest expense 415 223
Total noninterest expense 2,395 1,304
Income Before Income Taxes 207 653
Applicable income tax expense 42 138
Net Income 165 515
Dividends on preferred stock 37 37
Net Income Available to Common Shareholders $ 128 $ 478
Shares Disclosures    
Earnings per share - basic (in dollars per share) $ 0.16 $ 0.71
Earnings per share - diluted (in dollars per share) $ 0.15 $ 0.71
Average common shares outstanding - basic (in shares) 825,118,886 671,052,320
Average common shares outstanding - diluted (in shares) 830,273,720 676,040,080
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]    
Net Income $ 165 $ 515
Net unrealized losses on available-for-sale debt securities:    
Unrealized holding (losses) gains arising during period (100) 481
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities:    
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities 22 25
Net unrealized losses on cash flow hedge derivatives:    
Unrealized holding (losses) gains arising during period (62) 193
Reclassification adjustment for net losses included in net income 16 42
Other comprehensive (loss) income, net of tax (124) 741
Comprehensive Income $ 41 $ 1,256
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($)
$ in Millions
Total
Series H Preferred Stock
Series I Preferred Stock
Series J Preferred Stock
Series K Preferred Stock
Series L Preferred Stock
Series M Preferred Stock
Class B, Series A Preferred Stock
Common Stock
Preferred Stock
Capital Surplus
Retained Earnings
Retained Earnings
Series H Preferred Stock
Retained Earnings
Series I Preferred Stock
Retained Earnings
Series J Preferred Stock
Retained Earnings
Series K Preferred Stock
Retained Earnings
Series L Preferred Stock
Retained Earnings
Series M Preferred Stock
Retained Earnings
Class B, Series A Preferred Stock
Accumulated Other Comprehensive Loss
Treasury Stock
Beginning Balance at Dec. 31, 2024 $ 19,645               $ 2,051 $ 2,116 $ 3,804 $ 24,150               $ (4,636) $ (7,840)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income 515                     515                  
Other comprehensive (loss) income, net of tax 741                                     741  
Cash dividends declared:                                          
Common stock (251)                     (251)                  
Preferred stock   $ (12) $ (9) $ (6) $ (3) $ (4)   $ (3)         $ (12) $ (9) $ (6) $ (3) $ (4)   $ (3)    
Shares acquired for treasury (226)                                       (226)
Impact of Comerica acquisition 0                                        
Impact of stock transactions under stock compensation plans, net 16                   (31)                   47
Ending Balance at Mar. 31, 2025 20,403               2,051 2,116 3,773 24,377               (3,895) (8,019)
Beginning Balance at Dec. 31, 2025 21,724               2,051 1,770 3,831 25,488               (3,110) (8,306)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                          
Net income 165                     165                  
Other comprehensive (loss) income, net of tax (124)                                     (124)  
Cash dividends declared:                                          
Common stock (368)                     (368)                  
Preferred stock   $ (10) $ (9) $ (5) $ (3)   $ (7) $ (3)         $ (10) $ (9) $ (5) $ (3)   $ (7) $ (3)    
Impact of Comerica acquisition 12,676               534 412 11,744                   (14)
Impact of stock transactions under stock compensation plans, net 70                   11                   59
Ending Balance at Mar. 31, 2026 $ 34,106               $ 2,585 $ 2,182 $ 15,586 $ 25,248               $ (3,234) $ (8,261)
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) (Parenthetical) - $ / shares
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Common stock, per share (in dollars per share) $ 0.40 $ 0.37
Series H Preferred Stock    
Preferred stock, per share (in dollars per share) 435.38 476.55
Series I Preferred Stock    
Preferred stock, per share (in dollars per share) 477.68 518.85
Series J Preferred Stock    
Preferred stock, per share (in dollars per share) 441.45 482.40
Series K Preferred Stock    
Preferred stock, per share (in dollars per share) 309.38 309.38
Series L Preferred Stock    
Preferred stock, per share (in dollars per share)   281.25
Series M Preferred Stock    
Preferred stock, per share (in dollars per share) 17.19  
Class B, Series A Preferred Stock    
Preferred stock, per share (in dollars per share) $ 15.00 $ 15.00
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net Income $ 165 $ 515
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 227 174
Depreciation, amortization and accretion 199 135
Stock-based compensation expense 145 73
Provision for deferred income taxes 13 5
Securities losses, net 9 5
MSR fair value adjustment 38 50
Net gains on sales of loans and fair value adjustments on loans held for sale (9) (13)
Proceeds from sales of loans held for sale 1,289 1,049
Loans originated or purchased for sale, net of repayments (1,812) (912)
Dividends representing return on equity method investments 12 10
Net change in:    
Equity and trading debt securities (196) (74)
Other assets (566) 755
Accrued taxes, interest and expenses and other liabilities (620) (539)
Net Cash (Used in) Provided by Operating Activities (1,106) 1,233
Proceeds from sales:    
AFS securities and other investments 1,965 956
Loans and leases 90 79
Proceeds from repayments and maturities of AFS securities 1,565 913
Proceeds from repayments and maturities of HTM securities 488 140
Purchases:    
AFS securities (6,334) (1,428)
HTM securities (1,790) 0
Bank premises and equipment (146) (117)
Proceeds from settlement of BOLI 21 12
Proceeds from sales and dividends representing return of equity method investments 4 4
Net cash received from acquisitions 740 0
Net change in:    
Other short-term investments 12,662 2,155
Portfolio loans and leases (3,463) (2,594)
Other, net (388) (187)
Net Cash Provided by (Used in) Investing Activities 5,414 (67)
Financing Activities    
Net change in deposits (3,387) (1,747)
Net change in short-term borrowings (60) 23
Proceeds from short-term FHLB advances 750 1,000
Repayment of short-term FHLB advances (300) 0
Proceeds from long-term debt issuances/advances 2,092 998
Repayment of long-term debt (2,434) (867)
Dividends paid on common and preferred stock (308) (297)
Repurchases of treasury stock and related forward contract 0 (225)
Other, net (76) (56)
Net Cash Used in Financing Activities (3,723) (1,171)
Increase (Decrease) in Cash and Due from Banks 585 (5)
Cash and Due from Banks at Beginning of Period 3,499 3,014
Cash and Due from Banks at End of Period $ 4,084 $ 3,009
v3.26.1
Basis of Presentation
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation Basis of Presentation
The Condensed Consolidated Financial Statements include the accounts of the Bancorp and its majority-owned subsidiaries and VIEs in which the Bancorp has been determined to be the primary beneficiary. Other entities, including certain joint ventures in which the Bancorp has the ability to exercise significant influence over operating and financial policies of the investee, but upon which the Bancorp does not possess control, are accounted for by the equity method and not consolidated. The investments in those entities in which the Bancorp does not have the ability to exercise significant influence are generally carried at fair value unless the investment does not have a readily determinable fair value. The Bancorp accounts for equity investments without a readily determinable fair value using the measurement alternative to fair value, representing the cost of the investment minus any impairment recorded and plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer. Intercompany transactions and balances among consolidated entities have been eliminated.

In the opinion of management, the unaudited Condensed Consolidated Financial Statements include all adjustments, which consist of normal recurring accruals, necessary to present fairly the results for the periods presented. In accordance with U.S. GAAP and the rules and regulations of the SEC for interim financial information, these statements do not include certain information and footnote disclosures required for complete annual financial statements and it is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the Bancorp’s Annual Report on Form 10-K. The results of operations, comprehensive income, cash flows and changes in equity for the three months ended March 31, 2026 and 2025 are not necessarily indicative of the results to be expected for the full year. Financial information as of December 31, 2025 has been derived from the Bancorp’s Annual Report on Form 10-K.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
v3.26.1
Supplemental Cash Flow Information
 3 Months Ended
Mar. 31, 2026
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information Supplemental Cash Flow Information
Cash payments related to interest and income taxes in addition to non-cash investing and financing activities are presented in the following table for the three months ended March 31:
($ in millions)20262025
Cash Payments:
Interest$1,071 1,107 
Income taxes paid, net of refunds received9 (3)
Transfers:
Portfolio loans and leases to loans and leases held for sale$199 38 
Loans and leases held for sale to portfolio loans and leases2 2 
Portfolio loans and leases to OREO6 5 
Bank premises and equipment to OREO1 4 
Supplemental Disclosures:
Non-cash consideration transferred for the Comerica acquisition
$12,676 $—
v3.26.1
Accounting and Reporting Developments
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Accounting and Reporting Developments Accounting and Reporting Developments
Standard Adopted in 2026
The Bancorp adopted the following new accounting standard during the three months ended March 31, 2026:

ASU 2025-08 – Financial Instrument – Credit Losses (Topic 326): Purchased Loans
In November 2025, the FASB issued ASU 2025-08, which modifies the accounting for purchased financial assets by expanding the gross-up approach for recognizing the estimate of expected credit losses to purchased seasoned loans, which includes non-purchased credit deteriorated loans (excluding credit cards and leases) purchased at least 90 days after origination and the acquirer was not involved in the origination, or loans acquired in a business combination. Upon acquisition, PSLs should be accounted for under the gross-up approach, which includes recognizing an allowance and an offsetting entry as an addition to the fair value of the loan, resulting in an initial amortized cost basis in an amount equal to the sum of the purchase price plus the ACL. The difference, if any, between the amortized cost basis (as adjusted for expected credit losses) and the unpaid principal balance is recognized as a noncredit discount or premium and accreted or amortized into interest income. The amended guidance largely eliminates the day 1 credit loss expense for non-PCD acquired financial assets. The amended guidance also introduces an accounting policy election for entities that use a method other than a discounted cash flow analysis to estimate credit losses on PSLs, which allows the use of the amortized cost basis rather than the unpaid principal balance when subsequently measuring the ACL, applied on an individual-acquisition basis. As permitted, the Bancorp early adopted the amended guidance and the related accounting policy election effective January 1, 2026, on a prospective basis. Refer to Note 4 for additional information.

Significant Accounting Standards Issued but Not Yet Adopted
The following significant accounting standards were issued but not yet adopted by the Bancorp as of March 31, 2026:

ASU 2024-03 – Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses
In November 2024, the FASB issued ASU 2024-03, which introduces new requirements to disclose additional information about certain types of expenses, including employee compensation, depreciation, intangible asset amortization and selling expenses. The amended guidance is effective for the Bancorp for the year ending December 31, 2027 and subsequent interim reporting periods beginning in 2028, with early adoption permitted, and is to be applied prospectively, with retrospective application permitted. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements.

ASU 2025-06 – Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software
In September 2025, the FASB issued ASU 2025-06, which modernizes the accounting for internal-use software by replacing the stage-based capitalization model with a principle-based framework. The amended guidance clarifies that capitalization begins when management authorizes funding and determines that it is probable the project will be completed and the software will be used as intended. The amended guidance is effective for the Bancorp on January 1, 2028 with early adoption permitted. The amendments should be applied on either a prospective, modified or retrospective basis. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements.

ASU 2025-07 – Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract
In September 2025, the FASB issued ASU 2025-07, which refines derivative accounting by introducing a scope exception for certain contracts with variables based on the specific operations or activities of one of the parties to the contract. The amended guidance also clarifies that share-based noncash consideration received from a customer in a revenue contract is initially accounted for under ASC 606, with other guidance applied only once the consideration becomes unconditional. The amended guidance is effective for the Bancorp on January 1, 2027, with early adoption permitted. The amendments should be applied on either a prospective or modified retrospective basis. The Bancorp does not expect the amended guidance to have a material impact on its Condensed Consolidated Financial Statements.

ASU 2025-09 – Derivatives and Hedging (Topic 815): Hedge Accounting Improvements
In November 2025, the FASB issued ASU 2025-09, which makes several amendments to existing guidance for hedge accounting. The amendments are intended to simplify the application of hedge accounting guidance in current U.S. GAAP, improve the alignment of financial reporting with an entity’s risk management strategies and enable the achievement and maintenance of hedge accounting for highly effective economic hedges of forecasted transactions. Among other things, the amendments include the expansion of hedged risks for groups of forecasted transactions in a cash flow hedge, introduction of a model for variable-rate debt with choose-your-rate debt features, expansion of hedge accounting for forecasted purchases and sales of nonfinancial assets, elimination of the net written option test for certain compound derivatives, and elimination of recognition and presentation mismatches involving foreign currency-denominated debt in dual hedge designations. The amended guidance is effective for the Bancorp on January 1, 2027, with early adoption permitted. The amendments should be applied on a prospective basis for all hedging relationships. The Bancorp may elect to adopt the amendments for hedging relationships that exist as of the date of adoption. The Bancorp does not expect the amended guidance to have a material impact on its Condensed Consolidated Financial Statements.
ASU 2025-11 – Interim Reporting (Topic 270): Narrow-Scope Improvements
In December 2025, the FASB issued ASU 2025-11, which clarifies interim disclosure requirements by providing a comprehensive list of disclosures that are required in interim periods. The amendments also introduce a disclosure principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The amended guidance is effective for the Bancorp on January 1, 2028, with early adoption permitted. The amendments should be applied on either a prospective or retrospective basis. The Bancorp is in the process of evaluating the impact of the amended guidance on its interim reporting.

Updates to Significant Accounting and Reporting Policies
In conjunction with the adoption of ASU 2025-08 on January 1, 2026, the Bancorp has updated its accounting and reporting policy for portfolio loans and leases as described below. Additionally, in conjunction with the acquisition of Comerica Incorporated on February 1, 2026, the Bancorp has updated its accounting and reporting policy for pension plans as described below. Refer to Note 1 of the Notes to Consolidated Financial Statements in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025 for discussion of these accounting and reporting policies for periods prior to January 1, 2026.

Portfolio Loans and Leases
Basis of accounting
Portfolio loans and leases are generally reported at the principal balance outstanding, net of unearned income, deferred direct loan origination fees and costs and any direct principal charge-offs. Direct loan origination fees and costs are deferred and the net amount is amortized over the contractual life or estimated life, if prepayments are estimated, of the related loans as a yield adjustment. Interest income is recognized based on the principal balance outstanding, computed using the effective interest method.

Loans and leases acquired by the Bancorp through a purchase or business combination are initially evaluated for classification as PCD. Acquired loans and leases (including both sales-type leases and direct financing leases) are classified as PCD when there is evidence of more than insignificant deterioration in credit quality since origination. Loans that do not meet the criteria to be classified as PCD, are evaluated to determine whether they qualify as PSLs. Loans are considered PSLs if they are acquired at least 90 days after origination and the Bancorp was not involved in the origination of the loan. Loans acquired in a business combination are automatically deemed PSLs. Excluded from the scope of PSLs are credit cards, debt securities, contract assets, trade receivables and leases.

At acquisition, PCD and PSLs are accounted for under the gross-up approach, which includes recognizing an allowance and an offsetting entry as an addition to the fair value of the loan, resulting in an initial amortized cost basis in an amount equal to the sum of the purchase price plus the ACL. The difference, if any, between the amortized cost basis (as adjusted for expected credit losses) and the unpaid principal balance is recognized as a noncredit discount or premium and accreted or amortized into interest income over the life of the loan as an adjustment to yield.

For acquired loans and finance leases that do not qualify as PCD or PSLs, the Bancorp does not carry over the acquired company’s ACL but upon acquisition will record an ACL and provision for credit losses reflective of credit losses expected to be incurred over the remaining contractual life of the acquired loans. Premiums and discounts reflected in the initial fair value are amortized into interest income over the life of the loan as an adjustment to yield.

The Bancorp’s lease portfolio consists of sales-type, direct financing and leveraged leases. Leases are classified as sales-type if the Bancorp transfers control of the underlying asset to the lessee. The Bancorp classifies leases that do not meet any of the criteria for a sales-type lease as a direct financing lease if the present value of the sum of the lease payments and any residual value guaranteed by the lessee and/or any other third party equals or exceeds substantially all of the fair value of the underlying asset and the collection of the lease payments and residual value guarantee is probable. Sales-type and direct financing leases are recorded at the aggregate of lease payments plus estimated residual value of the leased property, less unearned income. Interest income on sales-type and direct financing leases is recognized over the term of the lease to achieve a constant periodic rate of return on the outstanding investment.

Leveraged leases, entered into before January 1, 2019, are recorded at the aggregate of lease payments (less nonrecourse debt payments) plus estimated residual value of the leased property, less unearned income. Interest income on leveraged leases is recognized over the term of the lease to achieve a constant rate of return on the outstanding investment in the lease, net of the related deferred income tax liability, in the years in which the net investment is positive. Leveraged lease accounting is no longer applied for leases entered into or modified after the Bancorp’s adoption of ASU 2016-02, Leases, on January 1, 2019.

Pension Plans
The Bancorp uses a third-party actuary to assist in determining the projected obligations and annual costs of its defined benefit pension plans, which are dependent on assumptions of future events. These include demographic assumptions such as retirement age, mortality, the rate of compensation increases and the form of payment election, as well as market-based assumptions such as discount rates and expected returns on plan assets. Net periodic pension cost (or benefit) includes service cost, interest cost, expected returns on plan assets, the amortization of prior service cost (or credit) and the amortization of net actuarial gains (or losses). To determine the expected investment returns on plan assets, the Bancorp estimates expected long-term rates of return for classes of investments, which are then applied to a market-related value
of plan assets as of the measurement date. For fixed-income and private placement securities, the market-related value of plan assets is based on the fair value as of the measurement date. For other types of investments, the market-related value of plan assets at the measurement date is based on amortizing the difference between actual returns and expected returns over a period of up to five years. Amortization of the net gain or loss resulting from experience different from that assumed and from changes in assumptions (excluding asset gains and losses not yet reflected in market-related value) is included as a component of net periodic benefit cost. If, as of the beginning of the year, that net gain or loss exceeds 10% of the greater of the projected benefit obligation and the market-related value of plan assets, the amortization is that excess divided by the average remaining service period of participating employees expected to receive benefits under the plan. Service cost is included in compensation and benefits expense, while the other components of net periodic pension cost (or benefit) are included in other noninterest expense in the Condensed Consolidated Statements of Income. The Bancorp recognizes the overfunded or underfunded status of each plan in other assets and accrued taxes, interest and expenses, respectively, in the Condensed Consolidated Balance Sheets.
v3.26.1
Business Combination
 3 Months Ended
Mar. 31, 2026
Business Combination [Abstract]  
Business Combination Business Combination
On February 1, 2026, Fifth Third Bancorp closed the merger with Comerica Incorporated in an all-stock transaction valued at approximately $12.7 billion. Comerica was headquartered in Dallas, Texas, with 351 full-service banking center locations, primarily located in Michigan, Texas and California. Comerica had two wholly-owned banking subsidiaries, Comerica Bank and Comerica Bank & Trust, National Association, which were both merged into Fifth Third Bank, National Association on February 1, 2026. The merger resulted in a combined company that is one of the largest banks in the U.S., with a strengthened competitive position in the Midwest and significant operations in high-growth U.S. markets, including key regions in the Southeast, Texas and California.

Under the terms of the merger agreement, each outstanding share of Comerica’s common stock was converted into the right to receive 1.8663 shares of Fifth Third Bancorp common stock and each outstanding share of Comerica’s preferred stock was converted into the right to receive one share of a newly created series of preferred stock with comparable terms issued by the Bancorp.

On February 1, 2026, the Bancorp issued approximately 240 million shares of its common stock to holders of Comerica common stock as of the acquisition date, representing a value per common share of $93.73, based on the $50.22 closing price of Fifth Third Bancorp’s common stock on January 30, 2026. Fractional shares were not issued and were instead paid in cash. Upon closing of the transaction, all shares of Comerica common stock were cancelled and retired. Additionally, on February 1, 2026, the Bancorp issued 16,000,000 depository shares, representing 400,000 shares of 6.875% fixed-rate reset non-cumulative perpetual preferred stock, Series M to the holders of Comerica’s 6.875% fixed-rate reset non-cumulative perpetual preferred stock, Series B that were outstanding on January 30, 2026. Each Series M share has a $1,000 liquidation preference and accrues dividends on a non-cumulative quarterly basis, initially beginning on January 1, 2026 with a first dividend payment date of April 1, 2026. Subject to any required regulatory approval, the Bancorp may redeem the Series M preferred shares at its option, in whole or in part, on any dividend payment date on or after October 1, 2030 and may redeem, in whole but not in part, within 90 days following a regulatory capital event. The Series M preferred shares are not convertible into Bancorp common shares or any other securities.

The acquisition of Comerica constituted a business combination and was accounted for under the acquisition method of accounting. Accordingly, the assets acquired and liabilities assumed were recorded at their estimated fair values as of the acquisition date. These fair value estimates are considered preliminary as of March 31, 2026. Fair value estimates, including those for loans and leases, intangible assets, deposits, bank premises and equipment, other liabilities, certain tax-related matters and goodwill, are subject to change for up to one year after the acquisition date as additional information becomes available.
The following table reflects total consideration transferred for Comerica’s net assets and the amounts of acquired identifiable assets and liabilities assumed at their preliminary estimated fair values as of the acquisition date:
($ in millions)
Purchase consideration
Fair value of common stock issued$12,056 
Fair value of preferred stock issued412 
Replacement of stock-based awards208 
Fair value of purchase consideration$12,676 
Net Identifiable Assets Acquired, at Fair Value:
Assets:
Cash and due from banks$740 
Other short-term investments11,242 
Available-for-sale debt and other securities7,243 
Held-to-maturity securities3,669 
Trading debt securities170 
Equity securities141 
Loans and leases held for sale1 
Portfolio loans and leases50,536 
Allowance for loan and lease losses(661)
Portfolio loans and leases, net49,875 
Bank premises and equipment526 
Intangible assets1,209 
Other assets5,954 
Total assets acquired$80,770 
Liabilities:
Deposits$65,189 
Accrued taxes, interest and expenses901 
Other liabilities1,494 
Long-term debt5,529 
Total liabilities assumed$73,113 
Net identifiable assets acquired$7,657 
Goodwill$5,019 
In connection with the merger, the Bancorp recognized approximately $5.0 billion of goodwill, which is not expected to be tax-deductible. Refer to Note 8 for additional information on goodwill recognized and Note 9 for additional information on intangible assets acquired in the acquisition of Comerica.

The following is a description of the methods used to determine the estimated fair values of significant assets and liabilities:

Cash and due from banks and other short-term investments
For financial instruments with a short-term or no stated maturity, prevailing market rates and limited credit risk, carrying amounts approximate fair value.

Available-for-sale debt and other securities, held-to-maturity securities, trading debt securities and equity securities
Fair values for securities were based on quoted market prices, where available. If quoted market prices were not available, fair value estimates were based on observable inputs including quoted market prices for similar instruments, quoted market prices that are not in an active market or other inputs that are observable in the market. In the absence of observable inputs, fair value was estimated based on pricing models and/or DCF methodologies.

Loans and leases held for sale and portfolio loans and leases, net
Fair values for loans and leases were estimated individually based on a DCF methodology that considered factors including the type of loan and related collateral, fixed or variable interest rate, remaining term, credit quality ratings or scores, amortization status and current discount rates. Loans and leases with similar characteristics were pooled together to determine certain inputs or assumptions when applying various valuation techniques. The discount rates used for loans were based on an evaluation of current market rates for new originations of comparable loans and a market participant’s required rate of return to purchase similar assets, including adjustments for liquidity and credit
quality when necessary. The initial amortized cost basis of acquired portfolio loans and leases also included the initial ACL amount for instruments designated as PCD assets or PSLs, as further discussed in the Acquired Loans and Leases section of this footnote.

Bank premises and equipment
Fair values for bank premises and equipment were generally based on appraisals of the property values.

Intangible assets
Intangible assets primarily consist of the core deposit intangible asset, representing the value of relationships with deposit customers. The fair value was estimated based on a DCF methodology that considered expected customer attrition rates, net maintenance cost of the deposit base, the alternative cost of funds and the interest costs associated with customer deposits. The core deposit intangible is being amortized on an accelerated basis over its estimated useful life.

Deposits
The fair values for time deposits were estimated using a DCF methodology whereby the contractual remaining cash flows were discounted using market rates currently being offered for time deposits of similar maturities. For transactional deposits, carrying amounts approximate fair value.

Long-term debt
The fair values of long-term debt instruments were estimated based on quoted market prices for identical or similar instruments if available, or by using DCF analyses based on current incremental borrowing rates for similar types of instruments.

Other assets and other liabilities
Acquired BOLI policies were initially recognized at their cash surrender value as of the acquisition date, which approximates fair value.

Assets and obligations of acquired pension and other postretirement benefit plans were remeasured as of the acquisition date, including Comerica’s qualified defined benefit plan, which was in an overfunded position. Refer to Note 18 for additional information.

Fair values for ROU assets associated with real estate operating leases were based on current market rental rates for similar properties in the same area, discounted at market-indicated discount rates for similar asset types as of the acquisition date. Estimates of current market rental rates were generally based on third-party market rent studies performed for each significant property.

Fair values for derivative contracts, which are included in either other assets or other liabilities, were valued using DCF or other models that incorporate current market interest rates, credit spreads assigned to the derivative counterparties and other market parameters. Certain derivative contracts were valued based upon models with significant unobservable market parameters.

Merger-Related Charges
Direct merger-related charges associated with the acquisition of Comerica were expensed as incurred by the Bancorp. These merger-related charges primarily related to employee change in control and termination expenses, system conversions and other costs of integrating and conforming the acquired operations with those of the Bancorp. The table below summarizes the merger-related charges recorded in the Condensed Consolidated Statements of Income:
($ in millions)
For the three months ended March 31, 2026
Noninterest Expense
Compensation and benefits$427 
Technology and communications21 
Net occupancy expense25 
Card and processing expense30 
Equipment expense4 
Other noninterest expense128 
Total noninterest expense$635 
Noninterest Income
Other noninterest income (loss)(22)
Total noninterest income$(22)
Total merger-related charges$657 
Unaudited Pro Forma Information
The following table presents unaudited pro forma information as if the merger of Comerica had occurred on January 1, 2025. This unaudited pro forma information combines the historical condensed consolidated results of operations of Fifth Third Bancorp and Comerica after giving effect to certain adjustments, including purchase accounting adjustments, amortization of intangible assets and merger costs, as well as the related income tax effects of those adjustments. The unaudited pro forma results also reflect reclassification adjustments to conform Comerica’s presentation with the Bancorp’s presentation. Direct costs associated with the merger are included in unaudited pro forma earnings as of January 1, 2025.

The unaudited pro forma information does not necessarily reflect the results of operations that would have occurred had Fifth Third Bancorp acquired Comerica on January 1, 2025. Furthermore, cost savings and other business synergies related to the merger are not reflected in the unaudited pro forma amounts for the three months ended March 31, 2026 and 2025.
Unaudited Pro Forma Information
For the three months ended March 31,
($ in millions)20262025
Net interest income$2,133 2,058 
Noninterest income1,007 937 
Net income available to common shareholders762 52 

Acquired Loans and Leases
For information on the accounting for acquired loans and leases, refer to Note 3.

The following table reflects the unpaid principal balance, fair value and initial amortized cost basis of acquired loans and leases as of:
February 1, 2026 ($ in millions)
PCDPSLOtherTotal
Fair value of acquired loans and leases$3,404 46,066 405 49,875 
Adjustments for expected credit losses(a)(b)
180 481 — 661 
Initial amortized cost basis of acquired loans and leases$3,584 46,547 405 50,536 
Unpaid principal balance of acquired loans and leases(a)
3,680 46,621 406 50,707 
Noncredit discount, net$(96)(74)(1)(171)
(a)The unpaid principal balance and adjustment for expected credit losses exclude net charge-offs of $94 which were taken immediately at the time of the Comerica acquisition.
(b)The initial ALLL on other acquired loans and leases was $8 and was recorded as provision for credit losses in the Bancorp’s Condensed Consolidated Statements of Income.
v3.26.1
Investment Securities
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Investment Securities Investment Securities
The Bancorp uses investment securities as a means of managing interest rate risk, providing collateral for pledging purposes and for liquidity risk management. The Bancorp may also utilize investment securities as part of a non-qualifying hedging strategy to manage interest rate risk related to MSRs.

The following tables provide the amortized cost, unrealized gains and losses and fair value for the major categories of the available-for-sale debt and other securities and held-to-maturity securities portfolios as of:
March 31, 2026 ($ in millions)Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$3,454 2 (2)3,454 
Mortgage-backed securities:
Agency residential mortgage-backed securities15,183 10 (599)14,594 
Agency commercial mortgage-backed securities24,403 3 (2,168)22,238 
Non-agency commercial mortgage-backed securities2,962 1 (212)2,751 
Asset-backed securities and other debt securities2,438 2 (114)2,326 
Other securities(a)
798 — — 798 
Total available-for-sale debt and other securities$49,238 18 (3,095)46,161 
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities$2,154 3 — 2,157 
Mortgage-backed securities:
Agency residential mortgage-backed securities5,612 11 (71)5,552 
Agency commercial mortgage-backed securities8,621 36 (27)8,630 
Asset-backed securities and other debt securities2 — — 2 
Total held-to-maturity securities$16,389 50 (98)16,341 
(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $204, $591 and $3, respectively, at March 31, 2026, that are carried at cost.
(b)The amortized cost basis includes a discount of $715 at March 31, 2026 pertaining to the remaining unamortized portion of unrealized losses on securities transferred to HTM.

December 31, 2025 ($ in millions)Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$1,575 — — 1,575 
Mortgage-backed securities:
Agency residential mortgage-backed securities9,138 18 (533)8,623 
Agency commercial mortgage-backed securities22,307 4 (2,124)20,187 
Non-agency commercial mortgage-backed securities3,032 1 (200)2,833 
Asset-backed securities and other debt securities2,381 2 (116)2,267 
Other securities(a)
674 — — 674 
Total available-for-sale debt and other securities$39,107 25 (2,973)36,159 
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities$2,438 19 — 2,457 
Mortgage-backed securities:
Agency residential mortgage-backed securities5,023 23 (44)5,002 
Agency commercial mortgage-backed securities3,905 43 (5)3,943 
Asset-backed securities and other debt securities2 — — 2 
Total held-to-maturity securities$11,368 85 (49)11,404 
(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $167, $505 and $2, respectively, at December 31, 2025, that are carried at cost.
(b)The amortized cost basis includes a discount of $742 at December 31, 2025 pertaining to the remaining unamortized portion of unrealized losses on securities transferred to HTM.

The following table provides the fair value of trading debt securities and equity securities as of:

($ in millions)		March 31,
2026		December 31,
2025
Trading debt securities$1,669 1,057 
Equity securities544 453 
The amounts reported in the preceding tables exclude accrued interest receivable on investment securities of $194 million and $139 million at March 31, 2026 and December 31, 2025, respectively, which is presented as a component of other assets in the Condensed Consolidated Balance Sheets.
The following table presents the components of net securities losses and gains recognized in the Condensed Consolidated Statements of Income:
For the three months ended March 31,
($ in millions)20262025
Available-for-sale debt and other securities:
Realized gains$7 5 
Realized losses(7)(5)
Net losses on available-for-sale debt and other securities$— — 
Trading debt securities:
Net unrealized losses(1)— 
Net trading debt securities losses$(1)— 
Equity securities:
Net realized gains1 — 
Net unrealized losses(12)(9)
Net equity securities losses$(11)(9)
Total losses recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities(a)
$(12)(9)
(a)Excludes $3 and $4 of net securities gains for the three months ended March 31, 2026 and 2025, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These gains and losses are included in capital markets fees and wealth and asset management revenue in the Condensed Consolidated Statements of Income.

At both March 31, 2026 and December 31, 2025, the Bancorp did not recognize an allowance for credit losses for its investment securities. The Bancorp also did not recognize provision for credit losses for investment securities during both the three months ended March 31, 2026 and 2025.

At March 31, 2026 and December 31, 2025, investment securities with a fair value of $31.5 billion and $28.6 billion, respectively, were pledged to secure borrowing capacity, public deposits, trust funds, derivative contracts and for other purposes as required or permitted by law.

The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of March 31, 2026 are shown in the following table:
($ in millions)Available-for-Sale Debt and OtherHeld-to-Maturity
Amortized CostFair ValueAmortized CostFair Value
Debt securities:(a)
Due in 1 year or less$4,010 3,986 308 308 
Due after 1 year through 5 years21,048 20,382 5,546 5,565 
Due after 5 years through 10 years19,350 17,447 10,350 10,279 
Due after 10 years4,032 3,548 185 189 
Other securities798 798 — — 
Total$49,238 46,161 16,389 16,341 
(a)Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.
The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of:
Less than 12 months12 months or moreTotal
March 31, 2026 ($ in millions)Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
U.S. Treasury and federal agencies securities$1,496 (2)— — 1,496 (2)
Agency residential mortgage-backed securities7,900 (50)4,469 (549)12,369 (599)
Agency commercial mortgage-backed securities1,973 (15)19,366 (2,153)21,339 (2,168)
Non-agency commercial mortgage-backed securities64 (1)2,598 (211)2,662 (212)
Asset-backed securities and other debt securities305 (4)1,762 (110)2,067 (114)
Total$11,738 (72)28,195 (3,023)39,933 (3,095)
December 31, 2025
U.S. Treasury and federal agencies securities$1,225 — — — 1,225 — 
Agency residential mortgage-backed securities1,454 (7)4,615 (526)6,069 (533)
Agency commercial mortgage-backed securities149 (1)19,826 (2,123)19,975 (2,124)
Non-agency commercial mortgage-backed securities1 — 2,695 (200)2,696 (200)
Asset-backed securities and other debt securities135 (1)1,893 (115)2,028 (116)
Total$2,964 (9)29,029 (2,964)31,993 (2,973)

At March 31, 2026 and December 31, 2025, $25 million and $24 million, respectively, of unrealized losses in the available-for-sale debt and other securities portfolio were related to non-rated securities.
v3.26.1
Loans and Leases
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Loans and Leases Loans and Leases
The Bancorp diversifies its loan and lease portfolio by offering a variety of loan and lease products with various payment terms and rate structures. The Bancorp’s commercial loan and lease portfolio consists of lending to various industry types. Management periodically reviews the performance of its loan and lease products to evaluate whether they are performing within acceptable interest rate and credit risk levels and changes are made to underwriting policies and procedures as needed. The Bancorp maintains an allowance to absorb loan and lease losses that are expected to be incurred over the remaining contractual terms of the related loans and leases. For further information on credit quality and the ALLL, refer to Note 7.

The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of:

($ in millions)		March 31,
2026		December 31,
2025
Loans and leases held for sale:
Commercial and industrial loans$535 46 
Commercial mortgage loans49 29 
Commercial construction loans67 — 
Residential mortgage loans714 658 
Total loans and leases held for sale$1,365 733 
Portfolio loans and leases:
Commercial and industrial loans$83,864 52,749 
Commercial mortgage loans27,143 12,228 
Commercial construction loans8,329 5,316 
Commercial leases3,523 3,269 
Total commercial loans and leases$122,859 73,562 
Residential mortgage loans$19,507 17,652 
Home equity6,735 4,846 
Indirect secured consumer loans18,296 17,964 
Credit card1,658 1,747 
Solar energy installation loans4,465 4,560 
Other consumer loans2,730 2,320 
Total consumer loans$53,391 49,089 
Total portfolio loans and leases$176,250 122,651 

Portfolio loans and leases are recorded net of unearned income, which totaled $398 million and $384 million as of March 31, 2026 and December 31, 2025, respectively. The amortized cost basis of loans and leases excludes accrued interest receivable of $775 million and $534 million at March 31, 2026 and December 31, 2025, respectively, which is presented as a component of other assets in the Condensed Consolidated Balance Sheets. Additionally, portfolio loans and leases are recorded net of unamortized premiums and discounts, deferred direct loan origination fees and costs associated with loans and valuation adjustments associated with loans measured at fair value. These items totaled a net discount of $355 million and $216 million as of March 31, 2026 and December 31, 2025, respectively, of which $838 million and $872 million of net discount was related to solar energy installation loans, respectively.

The Bancorp’s FHLB and FRB borrowings are primarily secured by loans. The Bancorp had loans of $16.1 billion and $14.9 billion as of March 31, 2026 and December 31, 2025, respectively, pledged to the FHLB, and loans of $80.2 billion and $60.1 billion as of March 31, 2026 and December 31, 2025, respectively, pledged to the FRB.
The following table presents a summary of net charge-offs:
For the three months ended
March 31,
($ in millions)20262025
Commercial and industrial loans$69 52 
Commercial mortgage loans— 10 
Commercial leases— 2 
Indirect secured consumer loans24 21 
Credit card14 17 
Solar energy installation loans23 18 
Other consumer loans14 16 
Total net charge-offs(a)
$144 136 
(a)Excludes net charge-offs of $94 which were taken immediately at the time of the Comerica acquisition.

The following table presents the income recognized related to leases where the Bancorp is the lessor:
($ in millions)Condensed Consolidated Statements of Income CaptionFor the three months ended
March 31,
20262025
Direct financing leasesInterest and fees on loans and leases$8 10 
Sales-type leasesInterest and fees on loans and leases31 26 
Operating leasesCommercial banking revenue21 20 
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Credit Quality and the Allowance for Loan and Lease Losses Credit Quality and the Allowance for Loan and Lease Losses
The Bancorp disaggregates ALLL balances and transactions in the ALLL by portfolio segment. Credit quality related disclosures for loans and leases are further disaggregated by class. Refer to Note 1 and Note 6 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025 for additional information on the Bancorp’s accounting policies and estimation practices for the ALLL.

Allowance for Loan and Lease Losses
The following tables summarize transactions in the ALLL by portfolio segment:
For the three months ended March 31, 2026 ($ in millions)
Commercial		Residential
Mortgage
Consumer
Total
Balance, beginning of period$1,186 109 958 2,253 
Losses charged-off(a)(b)
(77)— (110)(187)
Recoveries of losses previously charged-off(a)(b)
8 — 35 43 
Provision for (benefit from) loan and lease losses60 (7)99 152 
Allowance on PCD loans and leases at acquisition177 2 1 180 
Allowance on PSLs at acquisition466 4 11 481 
Balance, end of period$1,820 108 994 2,922 
(a)The Bancorp recorded $4 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
(b)Excludes net charge-offs of $94 million which were taken immediately at the time of the Comerica acquisition.

For the three months ended March 31, 2025 ($ in millions)

Commercial
Residential
Mortgage

Consumer

Total
Balance, beginning of period$1,154 146 1,052 2,352 
Losses charged-off(a)
(67)— (106)(173)
Recoveries of losses previously charged-off(a)
3 — 34 37 
Provision for (benefit from) loan and lease losses151 (7)24 168 
Balance, end of period$1,241 139 1,004 2,384 
(a)The Bancorp recorded $6 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.

The following tables provide a summary of the ALLL and related loans and leases, classified by portfolio segment:
As of March 31, 2026 ($ in millions)
Commercial		Residential
Mortgage
Consumer
Total
ALLL:(a)
Individually evaluated$147 — 14 161 
Collectively evaluated1,673 108 980 2,761 
Total ALLL$1,820 108 994 2,922 
Portfolio loans and leases:(b)
Individually evaluated$492 143 106 741 
Collectively evaluated122,367 19,259 33,778 175,404 
Total portfolio loans and leases$122,859 19,402 33,884 176,145 
(a)Includes $2 related to commercial leveraged leases at March 31, 2026.
(b)Excludes $105 of residential mortgage loans measured at fair value and includes $238 of commercial leveraged leases, net of unearned income, at March 31, 2026.
As of December 31, 2025 ($ in millions)

Commercial
Residential
Mortgage

Consumer

Total
ALLL:(a)
Individually evaluated$178 — 15 193 
Collectively evaluated1,008 109 943 2,060 
Total ALLL$1,186 109 958 2,253 
Portfolio loans and leases:(b)
Individually evaluated$367 143 105 615 
Collectively evaluated73,195 17,403 31,332 121,930 
Total portfolio loans and leases$73,562 17,546 31,437 122,545 
(a)Includes $2 related to commercial leveraged leases at December 31, 2025.
(b)Excludes $106 of residential mortgage loans measured at fair value and includes $243 of commercial leveraged leases, net of unearned income, at December 31, 2025.

CREDIT RISK PROFILE
Commercial Portfolio Segment
For purposes of monitoring the credit quality and risk characteristics of its commercial portfolio segment, the Bancorp disaggregates the segment into the following classes: commercial and industrial, commercial mortgage owner-occupied, commercial mortgage nonowner-occupied, commercial construction and commercial leases.

To facilitate the monitoring of credit quality within the commercial portfolio segment, the Bancorp utilizes the following categories of credit ratings: pass, special mention, substandard, doubtful and loss. The five categories, which are derived from standard regulatory rating definitions, are assigned upon initial approval of credit to borrowers and updated periodically thereafter.

The Bancorp defines term loans and leases as those having a fixed duration, repayment schedule and defined interest rate. For purposes of disclosing both originated and acquired term loans by origination year, the Bancorp generally determines the origination date for loans and leases within the commercial portfolio as the date of the most recent credit decision or extension. Revolving and other loans include loans with revolving privileges and certain complex lending arrangements involving commitments made by the Bancorp under predefined terms, including loans with both revolving and non-revolving components, loans with delayed draw features or loans with interchangeable interest rate and repayment options that extend beyond the time of origination.
The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk rating:
As of March 31, 2026 ($ in millions) Term Loans and Leases by Origination YearRevolving and Other Loans
20262025202420232022PriorTotal
Commercial and industrial loans:
Pass$2,119 6,563 4,063 1,833 2,679 2,321 59,357 78,935 
Special mention27 95 135 62 58 46 1,354 1,777 
Substandard15 52 243 159 184 158 2,251 3,062 
Doubtful— — 1 — — — 89 90 
Total commercial and industrial loans$2,161 6,710 4,442 2,054 2,921 2,525 63,051 83,864 
Commercial mortgage owner-occupied loans:

Pass$583 1,843 1,109 1,060 1,395 2,099 3,228 11,317 
Special mention7 100 10 47 59 113 78 414 
Substandard6 126 55 61 70 75 136 529 
Doubtful— — — — — — — — 
Total commercial mortgage owner-occupied loans$596 2,069 1,174 1,168 1,524 2,287 3,442 12,260 
Commercial mortgage nonowner-occupied loans:

Pass$193 1,478 933 846 1,100 1,381 7,869 13,800 
Special mention5 1 21 5 11 24 373 440 
Substandard23 20 66 19 53 5 457 643 
Doubtful— — — — — — — — 
Total commercial mortgage nonowner-occupied loans$221 1,499 1,020 870 1,164 1,410 8,699 14,883 
Commercial construction loans:

Pass$— 37 — — — 27 7,267 7,331 
Special mention— — — 60 — — 538 598 
Substandard— — — — — — 400 400 
Doubtful— — — — — — — — 
Total commercial construction loans$— 37 — 60 — 27 8,205 8,329 
Commercial leases:

Pass$451 1,152 814 262 176 594 — 3,449 
Special mention— 5 22 — — — — 27 
Substandard8 3 14 12 3 7 — 47 
Doubtful— — — — — — — — 
Total commercial leases$459 1,160 850 274 179 601 — 3,523 
Total commercial loans and leases:
Pass$3,346 11,073 6,919 4,001 5,350 6,422 77,721 114,832 
Special mention39 201 188 174 128 183 2,343 3,256 
Substandard52 201 378 251 310 245 3,244 4,681 
Doubtful— — 1 — — — 89 90 
Total commercial loans and leases$3,437 11,475 7,486 4,426 5,788 6,850 83,397 122,859 
As of December 31, 2025 ($ in millions) Term Loans and Leases by Origination YearRevolving and Other Loans
20252024202320222021PriorTotal
Commercial and industrial loans:
Pass$3,359 2,040 861 1,829 832 553 40,015 49,489 
Special mention23 51 10 7 13 10 839 953 
Substandard57 89 92 138 42 28 1,743 2,189 
Doubtful— 1 — — 6 — 111 118 
Total commercial and industrial loans$3,439 2,181 963 1,974 893 591 42,708 52,749 
Commercial mortgage owner-occupied loans:
Pass$1,136 615 572 648 537 406 1,712 5,626 
Special mention24 4 28 16 14 3 72 161 
Substandard69 44 38 33 27 12 132 355 
Doubtful— — — — — — — — 
Total commercial mortgage owner-occupied loans$1,229 663 638 697 578 421 1,916 6,142 
Commercial mortgage nonowner-occupied loans:
Pass$824 542 486 638 109 419 2,628 5,646 
Special mention1 — — 19 — — 111 131 
Substandard20 63 16 42 — 24 144 309 
Doubtful— — — — — — — — 
Total commercial mortgage nonowner-occupied loans$845 605 502 699 109 443 2,883 6,086 
Commercial construction loans:
Pass$44 — — — 27 — 4,404 4,475 
Special mention— — — — — — 548 548 
Substandard— — — — — — 293 293 
Doubtful— — — — — — — — 
Total commercial construction loans$44 — — — 27 — 5,245 5,316 
Commercial leases:
Pass$1,255 858 266 198 173 472 — 3,222 
Special mention2 6 — — 1 — — 9 
Substandard1 15 11 3 5 3 — 38 
Doubtful— — — — — — — — 
Total commercial leases$1,258 879 277 201 179 475 — 3,269 
Total commercial loans and leases:
Pass$6,618 4,055 2,185 3,313 1,678 1,850 48,759 68,458 
Special mention50 61 38 42 28 13 1,570 1,802 
Substandard147 211 157 216 74 67 2,312 3,184 
Doubtful— 1 — — 6 — 111 118 
Total commercial loans and leases$6,815 4,328 2,380 3,571 1,786 1,930 52,752 73,562 

The following tables summarize the Bancorp’s gross charge-offs within the commercial portfolio segment, by class and vintage:
For the three months ended March 31, 2026
($ in millions)
Term Loans and Leases by Origination YearRevolving and Other Loans
20262025202420232022PriorTotal
Commercial loans and leases:
Commercial and industrial loans$— 1 — — — 6 70 77 
Commercial mortgage owner-occupied loans— — — — — — — — 
Commercial leases— — — — — — — — 
Total commercial loans and leases$— 1 — — — 6 70 77 
For the three months ended March 31, 2025
($ in millions)
Term Loans and Leases by Origination YearRevolving and Other Loans
20252024202320222021PriorTotal
Commercial loans and leases:
Commercial and industrial loans$— 6 4 1 — — 43 54 
Commercial mortgage owner-occupied loans— — — — — 11 — 11 
Commercial leases— — — — — 2 — 2 
Total commercial loans and leases$— 6 4 1 — 13 43 67 

Age Analysis of Past Due Commercial Loans and Leases
The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class:
Current
Loans and
Leases(a)
Past DueTotal Loans
and Leases		90 Days Past
Due and Still
Accruing
As of March 31, 2026 ($ in millions)
30-89
Days(a)
90 Days
or More(a)
Total
Past Due
Commercial loans and leases:
Commercial and industrial loans$83,403 322 139 461 83,864 3 
Commercial mortgage owner-occupied loans12,193 58 9 67 12,260 — 
Commercial mortgage nonowner-occupied loans14,788 71 24 95 14,883 19 
Commercial construction loans8,280 47 2 49 8,329 2 
Commercial leases3,516 6 1 7 3,523 1 
Total portfolio commercial loans and leases$122,180 504 175 679 122,859 25 
(a)Includes accrual and nonaccrual loans and leases.

Current
Loans and
Leases(a)
Past DueTotal Loans
and Leases		90 Days Past
Due and Still
Accruing
As of December 31, 2025 ($ in millions)
30-89
Days(a)
90 Days
or More(a)
Total
Past Due
Commercial loans and leases:
Commercial and industrial loans$52,481 173 95 268 52,749 2 
Commercial mortgage owner-occupied loans6,127 3 12 15 6,142 — 
Commercial mortgage nonowner-occupied loans6,083 1 2 3 6,086 — 
Commercial construction loans5,315 — 1 1 5,316 1 
Commercial leases3,258 11 — 11 3,269 — 
Total portfolio commercial loans and leases$73,264 188 110 298 73,562 3 
(a)Includes accrual and nonaccrual loans and leases.

Residential Mortgage and Consumer Portfolio Segments
For purposes of monitoring the credit quality and risk characteristics of its consumer portfolio segment, the Bancorp disaggregates the segment into the following classes: home equity, indirect secured consumer loans, credit card, solar energy installation loans and other consumer loans. The Bancorp’s residential mortgage portfolio segment is also a separate class.

The Bancorp considers repayment performance as the best indicator of credit quality for residential mortgage and consumer loans, which includes both the delinquency status and performing versus nonperforming status of the loans.

The following tables present the amortized cost basis of the Bancorp’s residential mortgage and consumer portfolio segments, by class and vintage, disaggregated by both delinquency and performing versus nonperforming status:
As of March 31, 2026 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20262025202420232022PriorTotal
Residential mortgage loans:
Performing:
Current(a)
$390 2,205 2,116 1,073 2,841 10,581 — — 19,206 
30-89 days past due— 1 8 1 2 18 — — 30 
90 days or more past due— — 1 — 1 4 — — 6 
Nonperforming— — 4 8 15 133 — — 160 
Total residential mortgage loans(b)
$390 2,206 2,129 1,082 2,859 10,736 — — 19,402 
Home equity:

Performing:

Current$38 188 129 46 26 72 5,933 166 6,598 
30-89 days past due— — — — — 1 30 2 33 
90 days or more past due— — — — — — — — — 
Nonperforming— — — 1 — 6 90 7 104 
Total home equity$38 188 129 47 26 79 6,053 175 6,735 
Indirect secured consumer loans:

Performing:









Current$2,362 7,032 3,915 1,687 1,791 1,340 — — 18,127 
30-89 days past due1 24 23 20 25 18 — — 111 
90 days or more past due— — — — — — — — — 
Nonperforming— 7 10 12 16 13 — — 58 
Total indirect secured consumer loans$2,363 7,063 3,948 1,719 1,832 1,371 — — 18,296 
Credit card:

Performing:
Current$— — — — — — 1,595 — 1,595 
30-89 days past due— — — — — — 16 — 16 
90 days or more past due— — — — — — 17 — 17 
Nonperforming— — — — — — 30 — 30 
Total credit card$— — — — — — 1,658 — 1,658 
Solar energy installation loans:

Performing:
Current$57 761 690 1,870 1,007 29 — — 4,414 
30-89 days past due— 2 4 12 7 — — — 25 
90 days or more past due— — — — — — — — — 
Nonperforming3 5 2 10 6 — — — 26 
Total solar energy installation loans$60 768 696 1,892 1,020 29 — — 4,465 
Other consumer loans:

Performing:

Current$97 315 168 270 391 523 923 21 2,708 
30-89 days past due— 3 2 2 7 3 — — 17 
90 days or more past due— — — — — — — — — 
Nonperforming1 — — 1 2 1 — — 5 
Total other consumer loans$98 318 170 273 400 527 923 21 2,730 
Total residential mortgage and consumer loans:
Performing:
Current$2,944 10,501 7,018 4,946 6,056 12,545 8,451 187 52,648 
30-89 days past due1 30 37 35 41 40 46 2 232 
90 days or more past due— — 1 — 1 4 17 — 23 
Nonperforming4 12 16 32 39 153 120 7 383 
Total residential mortgage and consumer loans(b)
$2,949 10,543 7,072 5,013 6,137 12,742 8,634 196 53,286 
(a)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of March 31, 2026, $63 of these loans were 30-89 days past due and $233 were 90 days or more past due. The Bancorp recognized losses of an immaterial amount during the three months ended March 31, 2026 due to claim denials and curtailments associated with these insured or guaranteed loans.
(b)Excludes $105 of residential mortgage loans measured at fair value at March 31, 2026, including $1 of 30-89 days past due loans, $1 of 90 days or more past due loans and $4 of nonperforming loans.
As of December 31, 2025 ($ in millions) Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20252024202320222021PriorTotal
Residential mortgage loans:
Performing:
Current(a)
$1,871 2,047 897 2,649 4,095 5,800 — — 17,359 
30-89 days past due— 4 2 3 8 15 — — 32 
90 days or more past due— 2 1 — 3 4 — — 10 
Nonperforming— 3 7 14 17 104 — — 145 
Total residential mortgage loans(b)
$1,871 2,056 907 2,666 4,123 5,923 — — 17,546 
Home equity:
Performing:
Current$194 137 50 27 1 76 4,182 83 4,750 
30-89 days past due— — — — — 1 23 1 25 
90 days or more past due— — — — — — — — — 
Nonperforming— — 1 — — 5 61 4 71 
Total home equity$194 137 51 27 1 82 4,266 88 4,846 
Indirect secured consumer loans:
Performing:
Current$7,854 4,387 1,881 2,004 1,213 435 — — 17,774 
30-89 days past due23 26 24 31 17 8 — — 129 
90 days or more past due— — — — — — — — — 
Nonperforming4 10 12 19 11 5 — — 61 
Total indirect secured consumer loans$7,881 4,423 1,917 2,054 1,241 448 — — 17,964 
Credit card:
Performing:
Current$— — — — — — 1,683 — 1,683 
30-89 days past due— — — — — — 18 — 18 
90 days or more past due— — — — — — 17 — 17 
Nonperforming— — — — — — 29 — 29 
Total credit card$— — — — — — 1,747 — 1,747 
Solar energy installation loans:

Performing:
Current$814 724 1,914 1,030 1 29 — — 4,512 
30-89 days past due1 4 14 7 — — — — 26 
90 days or more past due— — — — — — — — — 
Nonperforming1 2 11 7 — 1 — — 22 
Total solar energy installation loans$816 730 1,939 1,044 1 30 — — 4,560 
Other consumer loans:
Performing:
Current$248 104 245 377 139 204 957 22 2,296 
30-89 days past due1 1 3 5 2 2 1 1 16 
90 days or more past due— — — — — — — — — 
Nonperforming— — 2 3 — — 2 1 8 
Total other consumer loans$249 105 250 385 141 206 960 24 2,320 
Total residential mortgage and consumer loans:
Performing:
Current$10,981 7,399 4,987 6,087 5,449 6,544 6,822 105 48,374 
30-89 days past due25 35 43 46 27 26 42 2 246 
90 days or more past due— 2 1 — 3 4 17 — 27 
Nonperforming5 15 33 43 28 115 92 5 336 
Total residential mortgage and consumer loans(b)
$11,011 7,451 5,064 6,176 5,507 6,689 6,973 112 48,983 
(a)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of December 31, 2025, $83 of these loans were 30-89 days past due and $195 were 90 days or more past due. The Bancorp recognized an immaterial amount of losses during the three months ended March 31, 2025 due to claim denials and curtailments associated with these insured or guaranteed loans.
(b)Excludes $106 of residential mortgage loans measured at fair value at December 31, 2025, including $2 of 30-89 days past due loans and $4 of nonperforming loans.
The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage:
For the three months ended March 31, 2026
($ in millions)
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20262025202420232022PriorTotal
Consumer loans:
Home equity$— — — — — — 2 — 2 
Indirect secured consumer loans— 7 8 8 12 5 — — 40 
Credit card— — — — — — 19 — 19 
Solar energy installation loans— 2 4 13 7 — — — 26 
Other consumer loans— 1 1 3 5 4 9 — 23 
Total residential mortgage and consumer loans$— 10 13 24 24 9 30 — 110 

For the three months ended March 31, 2025
($ in millions)
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20252024202320222021PriorTotal
Consumer loans:
Home equity$— — — — — — 2 — 2 
Indirect secured consumer loans— 6 11 12 4 3 — — 36 
Credit card— — — — — — 22 — 22 
Solar energy installation loans— 3 11 7 — — — — 21 
Other consumer loans— 1 4 7 2 3 8 — 25 
Total residential mortgage and consumer loans$— 10 26 26 6 6 32 — 106 

Collateral-Dependent Loans and Leases
The Bancorp considers a loan or lease to be collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. When a loan or lease is collateral-dependent, its fair value is generally based on the fair value less cost to sell of the underlying collateral.

The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of:
($ in millions)March 31,
2026		December 31,
2025
Commercial loans and leases:
Commercial and industrial loans$350 322 
Commercial mortgage owner-occupied loans68 19 
Commercial mortgage nonowner-occupied loans12 5 
Commercial construction loans62 — 
Total commercial loans and leases$492 346 
Residential mortgage loans143 143 
Consumer loans:
Home equity70 70 
Indirect secured consumer loans36 35 
Total consumer loans$106 105 
Total portfolio loans and leases$741 594 
Nonperforming Assets
Nonperforming assets include nonaccrual loans and leases for which ultimate collectability of the full amount of the principal and/or interest is uncertain and certain other assets, including OREO and other repossessed property.

The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of:
March 31, 2026December 31, 2025
 ($ in millions)With an ALLLNo Related
ALLL		TotalWith an ALLLNo Related
ALLL		Total
Commercial loans and leases:
Commercial and industrial loans$366 51 417 350 43 393 
Commercial mortgage owner-occupied loans50 30 80 16 13 29 
Commercial mortgage nonowner-occupied loans12 2 14 5 — 5 
Commercial construction loans— 62 62 — — — 
Total nonaccrual portfolio commercial loans and leases$428 145 573 371 56 427 
Residential mortgage loans84 80 164 69 80 149 
Consumer loans:
Home equity53 51 104 23 48 71 
Indirect secured consumer loans49 9 58 52 9 61 
Credit card30 — 30 29 — 29 
Solar energy installation loans26 — 26 22 — 22 
Other consumer loans5 — 5 8 — 8 
Total nonaccrual portfolio consumer loans$163 60 223 134 57 191 
Total nonaccrual portfolio loans and leases(a)(b)
$675 285 960 574 193 767 
OREO and other repossessed property— 39 39 — 30 30 
Total nonperforming portfolio assets(a)(b)
$675 324 999 574 223 797 
(a)Excludes $141 and $70 of nonaccrual loans held for sale as of March 31, 2026 and December 31, 2025, respectively.
(b)Includes $38 and $21 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of March 31, 2026 and December 31, 2025, respectively.

The Bancorp recognized an immaterial amount of interest income on nonaccrual loans and leases for both the three months ended March 31, 2026 and 2025.

The Bancorp’s amortized cost basis of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction was $162 million and $110 million as of March 31, 2026 and December 31, 2025, respectively.
Modifications to Borrowers Experiencing Financial Difficulty
In the course of servicing its loans, the Bancorp works with borrowers who are experiencing financial difficulty to identify solutions that are mutually beneficial to both parties with the objective of mitigating the risk of losses on the loan. These efforts often result in modifications to the payment terms of the loan. The types of modifications offered to borrowers vary by type of loan and may include term extensions, interest rate reductions, payment delays (other than those that are insignificant) or combinations thereof. The Bancorp typically does not provide principal forgiveness except in circumstances where the loan has already been fully or partially charged-off.

The Bancorp applies its expected credit loss models consistently to both modified and non-modified loans when estimating the ALLL. For loans which are modified for borrowers experiencing financial difficulty, there is generally not a significant change to the ALLL upon modification because the Bancorp’s ALLL estimation methodologies already consider those borrowers’ financial difficulties and the resulting effects of potential modifications when estimating expected credit losses.

Portfolio loans with an amortized cost basis of $362 million and $254 million as of March 31, 2026 and 2025, respectively, were modified during the three months ended March 31, 2026 and 2025, respectively, for borrowers experiencing financial difficulty, as further discussed in the following sections. These modifications for the three months ended March 31, 2026 and 2025 represented 0.21% of total portfolio loans and leases as of both March 31, 2026 and 2025. These amounts excluded $22 million and $19 million for the three months ended March 31, 2026 and 2025, respectively, of consumer and residential mortgage loans which have been granted a concession under provisions of the Federal Bankruptcy Act and are monitored separately from loans modified under the Bancorp’s loan modification programs. As of March 31, 2026 and December 31, 2025, the Bancorp had commitments of $160 million and $69 million, respectively, to lend additional funds to
borrowers experiencing financial difficulty whose terms have been modified during the twelve months ended March 31, 2026 and December 31, 2025, respectively.

Commercial portfolio segment
Commercial loan modifications are individually negotiated and may vary depending on the borrower’s financial situation, but the Bancorp most commonly utilizes term extensions for periods of three to twelve months. The Bancorp may also consider offering commercial borrowers interest rate reductions or payment delays, which may be combined with a term extension.

The following tables present the amortized cost basis as of March 31, 2026 and 2025 of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification:
For the three months ended March 31, 2026
($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$258 12 — 19 289 0.34 
Commercial mortgage owner-occupied loans9 — — — 9 0.07 
Commercial mortgage nonowner-occupied loans3 1 — — 4 0.03 
Commercial construction loans32 — — — 32 0.38 
Total commercial portfolio loans$302 13 — 19 334 0.28 

For the three months ended March 31, 2025
($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$50 6 65 — 121 0.23 
Commercial mortgage owner-occupied loans5 24 — — 29 0.47 
Commercial mortgage nonowner-occupied loans24 — — — 24 0.39 
Commercial construction loans8 — 42 — 50 0.84 
Total commercial portfolio loans$87 30 107 — 224 0.31 

Financial effects of loan modifications
The following table presents the financial effects of the Bancorp’s significant types of commercial portfolio loan modifications to borrowers experiencing financial difficulty, by portfolio class:
For the three months ended
March 31,
Financial Effects20262025
Commercial and industrial loansWeighted-average length of term extensions8 months6 months
Weighted-average length of payment delay4 months4 months
Commercial mortgage owner-occupied loansWeighted-average length of term extensions3 months9 months
Weighted-average length of payment delayN/A10 months
Commercial mortgage nonowner-occupied loansWeighted-average length of term extensions11 months4 months
Weighted-average length of payment delay3 monthsN/A
Commercial construction loansWeighted-average length of term extensions9 months13 months
Weighted-average length of payment delayN/A7 months
Credit quality of modified loans
The Bancorp closely monitors the performance of loans that are modified for borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts.

The following tables present the amortized cost basis as of March 31, 2026 and 2025 for the Bancorp’s commercial portfolio loans that were modified during the twelve months ended March 31, 2026 and 2025, respectively, for borrowers experiencing financial difficulty, by age and portfolio class:
March 31, 2026 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial and industrial loans$361 11 27 399 
Commercial mortgage owner-occupied loans39 — — 39 
Commercial mortgage nonowner-occupied loans88 1 — 89 
Commercial construction loans69 31 — 100 
Total commercial portfolio loans$557 43 27 627 
March 31, 2025 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial and industrial loans$213 6 33 252 
Commercial mortgage owner-occupied loans66 — 24 90 
Commercial mortgage nonowner-occupied loans72 — — 72 
Commercial construction loans107 1 — 108 
Total commercial portfolio loans$458 7 57 522 

The Bancorp considers modifications to borrowers experiencing financial difficulty that subsequently become 90 days or more past due under the modified terms as subsequently defaulted. The following tables present the amortized cost basis of commercial portfolio loans as of March 31, 2026 and 2025 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the three months ended March 31, 2026 and 2025, respectively, and were within twelve months of the modification date:
March 31, 2026 ($ in millions)
Term ExtensionPayment DelayTerm Extension and Payment DelayTotal
Commercial and industrial loans$23 — — 23 
Commercial mortgage owner-occupied loans— — — — 
Total commercial portfolio loans$23 — — 23 

March 31, 2025 ($ in millions)
Term ExtensionPayment DelayTerm Extension and Payment DelayTotal
Commercial and industrial loans$— 11 6 17 
Commercial mortgage owner-occupied loans— — 24 24 
Total commercial portfolio loans$— 11 30 41 

Residential mortgage portfolio segment
The Bancorp has established residential mortgage loan modification programs which define the type of modifications available as well as the eligibility criteria for borrowers. The designs of the Bancorp’s modification programs for residential mortgage loans are similar to those utilized by the various GSEs. Refer to Note 6 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025 for additional information on the Bancorp’s residential mortgage loan modification programs.
The following table presents the amortized cost basis as of March 31, 2026 and 2025 of the Bancorp’s residential mortgage portfolio loans that were modified for borrowers experiencing financial difficulty, by type of modification:
March 31, 2026March 31, 2025
For the three months ended ($ in millions)Total% of Total ClassTotal% of Total Class
Term extension and payment delay$10 0.05 $16 0.09 
Term extension, interest rate reduction and payment delay6 0.03 2 0.01 
Total residential mortgage portfolio loans$16 0.08 $18 0.10 

The Bancorp had $44 million and $3 million of trial modifications to residential mortgage loans outstanding as of March 31, 2026 and 2025, respectively, which are excluded from the completed modification activity in the table above. These trial modifications will be reported as completed modifications once the borrower satisfies the applicable contingencies in the modification agreement and the loan is contractually modified to make the modified terms permanent.

Consumer portfolio segment
The Bancorp’s modification programs for consumer loans vary based on type of loan. Refer to Note 6 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025 for additional information on the Bancorp’s consumer loan modification programs.

The following tables present the amortized cost basis as of March 31, 2026 and 2025 of the Bancorp’s consumer portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification:
For the three months ended March 31, 2026 ($ in millions)
Interest Rate ReductionPayment DelayOtherTotal% of Total Class
Home equity$— — 5 5 0.07 
Credit card6 — — 6 0.36 
Solar energy installation loans— — — — — 
Other consumer loans— 1 — 1 0.04 
Total consumer portfolio loans$6 1 5 12 0.04 

For the three months ended March 31, 2025 ($ in millions)
Interest Rate ReductionPayment DelayOtherTotal% of Total Class
Home equity$1 — 3 4 0.09 
Credit card6 — — 6 0.36 
Solar energy installation loans— 1 — 1 0.02 
Other consumer loans— 1 — 1 0.04 
Total consumer portfolio loans$7 2 3 12 0.04 
v3.26.1
Goodwill
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
Business combinations entered into by the Bancorp typically result in the recognition of goodwill. Acquisition activity includes acquisitions in the respective period in addition to purchase accounting adjustments related to previous acquisitions within each applicable measurement period. On February 1, 2026 the Bancorp completed its acquisition of Comerica Incorporated. In connection with the acquisition, the Bancorp recorded $5.0 billion of goodwill. The fair value estimates of assets acquired and liabilities assumed are considered preliminary as of March 31, 2026 and are subject to change for up to one year after the acquisition date as additional information becomes available. Due to the timing of the acquisition, the Bancorp is in the process of completing its analysis of the allocation of the goodwill across its three reporting units, therefore goodwill is presented as part of General Corporate and Other as of March 31, 2026.

Changes in the net carrying amount of goodwill, by reporting unit, for the three months ended March 31, 2026 and the year ended December 31, 2025 were as follows:
($ in millions)Commercial
Banking		Consumer and Small Business
Banking		Wealth
and Asset
Management		General
Corporate
and Other		Total
Goodwill$3,074 2,584 225 — 5,883 
Accumulated impairment losses(750)(215)— — (965)
Net carrying value as of December 31, 20242,324 2,369 225 — 4,918 
Acquisition activity29 — — — 29 
Reallocation of goodwill(73)73 — — — 
Net carrying value as of December 31, 20252,280 2,442 225 — 4,947 
Acquisition activity— — — 5,019 5,019 
Net carrying value as of March 31, 2026$2,280 2,442 225 5,019 9,966 
v3.26.1
Intangible Assets
 3 Months Ended
Mar. 31, 2026
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets Intangible Assets
Intangible assets consist of core deposit intangibles, developed technology, customer relationships and other intangible assets which include trade names, backlog and non-compete agreements. Intangible assets are amortized on either a straight-line or an accelerated basis over their estimated useful lives and the amortization expense is typically recorded in other noninterest expense in the Condensed Consolidated Statements of Income.

On February 1, 2026, the Bancorp completed its acquisition of Comerica Incorporated. In connection with the acquisition, the Bancorp recorded a $1.2 billion core deposit intangible asset with a weighted-average amortization period of 10 years. The fair value of the core deposit intangible is as of March 31, 2026 and subject to change as additional information becomes available. Due to the timing of the acquisition, the Bancorp is in the process of identifying and assessing other intangible assets acquired in the Comerica transaction.

The details of the Bancorp’s intangible assets are shown in the following table:

($ in millions)		Gross Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
As of March 31, 2026
Core deposit intangibles$1,415 (243)1,172 
Developed technology114 (72)42 
Customer relationships28 (12)16 
Other13 (10)3 
Total intangible assets$1,570 (337)1,233 
As of December 31, 2025

Core deposit intangibles$206 (203)3 
Developed technology114 (67)47 
Customer relationships28 (12)16 
Other13 (10)3 
Total intangible assets$361 (292)69 

As of March 31, 2026, all of the Bancorp’s intangible assets were being amortized. Amortization expense recognized on intangible assets was $45 million and $8 million for the three months ended March 31, 2026 and 2025, respectively. The Bancorp’s projections of amortization expense shown in the following table are based on existing asset balances as of March 31, 2026. Future amortization expense may vary from these projections.

Estimated amortization expense for the remainder of 2026 through 2031 is as follows:
($ in millions)Total
Remainder of 2026$189 
2027222 
2028194 
2029167 
2030137 
2031113 
v3.26.1
Variable Interest Entities
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Variable Interest Entities Variable Interest Entities
The Bancorp, in the normal course of business, engages in a variety of activities that involve VIEs, which are legal entities that lack sufficient equity at risk to finance their activities without additional subordinated financial support or the equity investors of the entities as a group lack any of the characteristics of a controlling interest. For more information regarding the Bancorp’s accounting for and investments in these VIEs, refer to Note 1 and Note 12 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025.

Consolidated VIEs
The Bancorp has consolidated VIEs related to an automobile loan securitization and a solar loan securitization where it has determined that it is the primary beneficiary. The following table provides a summary of assets and liabilities recorded on the Condensed Consolidated Balance Sheets for these consolidated VIEs as of:
($ in millions)March 31,
2026		December 31,
2025
Assets:
Other short-term investments$38 38 
Indirect secured consumer loans437 526 
Solar energy installation loans26 28 
ALLL(8)(9)
Other assets3 3 
Total assets$496 586 
Liabilities:
Other liabilities$10 11 
Long-term debt391 473 
Total liabilities$401 484 

Non-consolidated VIEs
The following tables provide a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets related to non-consolidated VIEs for which the Bancorp holds an interest, but is not the primary beneficiary of the VIE, as well as the Bancorp’s maximum exposure to losses associated with its interests in the entities as of:
March 31, 2026 ($ in millions)Total
Assets		Total
Liabilities		Maximum
Exposure
CDC investments$3,002 988 3,051 
Private equity investments350 — 677 
Loans provided to VIEs4,205 — 7,737 
Lease pool entities18 — 18 
Solar loan securitizations7 — 7 
December 31, 2025 ($ in millions)Total
Assets		Total
Liabilities		Maximum
Exposure
CDC investments$2,293 714 2,345 
Private equity investments330 — 640 
Loans provided to VIEs4,340 — 7,738 
Lease pool entities20 — 20 
Solar loan securitizations7 — 7 

CDC investments
CDC invests in projects to create affordable housing and revitalize business and residential areas. CDC generally co-invests with other unrelated companies and/or individuals and typically makes investments in a separate legal entity that owns the property under development. The entities are usually formed as limited partnerships and LLCs and CDC typically invests as a limited partner/investor member in the form of equity contributions.

The Bancorp utilizes the proportional amortization method to account for its qualifying investments in projects that are related to certain income tax credit programs. These tax credit programs include the LIHTC program established under Section 42 of the IRC, the New Markets Tax Credit program established under Section 45D of the IRC and the Rehabilitation Investment Tax Credit program established under Section 47 of the IRC.
At March 31, 2026 and December 31, 2025, the Bancorp’s CDC investments included $2.8 billion and $2.1 billion, respectively, of tax credit program investments for which the Bancorp elected the proportional amortization method. The unfunded commitments related to these investments were $988 million and $714 million at March 31, 2026 and December 31, 2025, respectively. The unfunded commitments as of March 31, 2026 are expected to be funded from 2026 to 2044.

The following table summarizes the impacts to the Condensed Consolidated Statements of Income related to the Bancorp’s tax credit program investments:
Condensed Consolidated
Statements of Income Caption(a)
For the three months ended March 31,
($ in millions)20262025
Proportional amortizationApplicable income tax expense$20 47 
Tax credits and other benefits(b)(c)
Applicable income tax expense(24)(56)
Changes in carrying amounts of equity method investments(c)
Other noninterest expense 2 2 
(a)The Bancorp did not recognize impairment losses resulting from the forfeiture or ineligibility of tax credits or other circumstances during both the three months ended March 31, 2026 and 2025.
(b)The related cash flows are classified as operating activities in the Condensed Consolidated Statements of Cash Flows primarily in net change in other assets.
(c)Includes amounts for tax credit program investments which were accounted for under the equity method as they did not meet the qualification criteria for the proportional amortization method.

Private equity investments
The Bancorp invests as a limited partner in private equity investment funds which provide the Bancorp an opportunity to obtain higher rates of return on invested capital, while also providing strategic opportunities in certain cases. As part of previous commitments, the Bancorp made capital contributions to private equity investments of $13 million and $17 million during the three months ended March 31, 2026 and 2025, respectively.

Loans provided to VIEs
The Bancorp has provided funding to certain unconsolidated VIEs sponsored by third parties. These VIEs are generally established to finance certain consumer and business loans originated by third parties. The entities are primarily funded through the issuance of a loan from the Bancorp or a syndication through which the Bancorp is involved. The Bancorp’s outstanding loans to these VIEs are included in commercial loans in Note 6. The loans and unfunded commitments to these VIEs are included in the Bancorp’s overall analysis of the ALLL and reserve for unfunded commitments, respectively. The Bancorp does not provide any implicit or explicit liquidity guarantees or principal value guarantees to these VIEs.
v3.26.1
Sales of Receivables and Servicing Rights
 3 Months Ended
Mar. 31, 2026
Transfers and Servicing [Abstract]  
Sales of Receivables and Servicing Rights Sales of Receivables and Servicing Rights
Residential Mortgage Loan Sales
The Bancorp sold residential mortgage loans during the three months ended March 31, 2026 and 2025. In those sales, the Bancorp obtained servicing responsibilities and provided certain standard representations and warranties; however, the investors have no recourse to the Bancorp’s other assets for failure of debtors to pay when due. The Bancorp receives servicing fees based on a percentage of the outstanding balance. The Bancorp identifies classes of servicing assets based on financial asset type and interest rates.

Information related to residential mortgage loan sales and the Bancorp’s mortgage banking activity, which is included in mortgage banking net revenue in the Condensed Consolidated Statements of Income, is as follows:
For the three months ended
March 31,
($ in millions)20262025
Residential mortgage loan sales(a)
$1,281 1,003 
Origination fees and gains on loan sales23 14 
Gross mortgage servicing fees70 74 
(a)Represents the unpaid principal balance at the time of the sale.
Servicing Rights
The Bancorp measures all of its servicing rights related to residential mortgage loans at fair value with changes in fair value reported in mortgage banking net revenue in the Condensed Consolidated Statements of Income. The following table presents changes in the servicing rights related to residential mortgage loans for the three months ended March 31:
($ in millions)20262025
Balance, beginning of period$1,598 1,704 
Servicing rights originated23 9 
Changes in fair value:
Due to changes in inputs or assumptions(a)
1 (16)
Other changes in fair value(b)
(39)(34)
Balance, end of period$1,583 1,663 
(a)Primarily reflects changes in prepayment speed and OAS assumptions which are updated based on market interest rates.
(b)Primarily reflects changes due to realized cash flows and the passage of time.

The Bancorp maintains a non-qualifying hedging strategy to manage a portion of the risk associated with changes in the value of the MSR portfolio which may include the use of investment securities or derivative instruments. Refer to Note 12 for additional information on derivative instruments used for this purpose.

The key economic assumptions used in measuring the servicing rights related to residential mortgage loans that continued to be held by the Bancorp at the date of sale, securitization or purchase resulting from transactions completed during the three months ended March 31, 2026 and 2025 were as follows:
March 31, 2026March 31, 2025
Weighted-
Average Life
(in years)		Prepayment
Speed
(annual)		OAS
(bps)		Weighted-
Average Life
(in years)		Prepayment
Speed
(annual)		OAS
(bps)
Fixed-rate7.710.8 %6657.410.7  %483

At March 31, 2026 and December 31, 2025, the Bancorp serviced $86.7 billion and $87.8 billion, respectively, of residential mortgage loans for other investors. The value of MSRs that continue to be held by the Bancorp is subject to credit, prepayment and interest rate risks on the sold financial assets. The weighted-average coupon of the MSR portfolio was 3.88% and 3.86% at March 31, 2026 and December 31, 2025, respectively.

At March 31, 2026, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows:
($ in millions)(a)
Prepayment Speed AssumptionOAS Assumption
Fair ValueWeighted-
Average Life
(in years)		Impact of Adverse Change
on Fair Value		OAS
(bps)		Impact of Adverse Change on Fair Value
Rate10%20%50%10%20%
Fixed-rate$1,580 8.06.8 %$(37)(72)(168)431$(31)(64)
Adjustable-rate3 4.418.7 — (1)(2)711— (1)
(a)The impact of the weighted-average default rate on the current fair value of residual cash flows for all scenarios is immaterial.

These sensitivities are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on these variations in the assumptions typically cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. The Bancorp believes that variations of these levels are reasonably possible; however, there is the potential that adverse changes in key assumptions could be even greater. Also, in the previous table, the effect of a variation in a particular assumption on the fair value of the interests that continue to be held by the Bancorp is calculated without changing any other assumption; in reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which might magnify or counteract these sensitivities.
v3.26.1
Derivative Financial Instruments
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
The Bancorp maintains an overall risk management strategy that incorporates the use of derivative instruments to reduce certain risks related to interest rate, prepayment and foreign currency volatility. The Bancorp’s interest rate risk management strategy involves modifying the repricing characteristics of certain financial instruments so that changes in interest rates do not adversely affect the Bancorp’s net interest margin and cash flows. Additionally, the Bancorp holds derivative instruments for the benefit of its commercial customers and for other business purposes. The Bancorp does not enter into unhedged speculative derivative positions. Refer to Note 14 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025 for additional information about the Bancorp’s use of derivative instruments, including those designated as hedges.

The Bancorp’s derivative contracts include certain contractual features in which either the Bancorp or the counterparties may be required to provide collateral, typically in the form of cash or securities, as initial margin and to offset changes in the fair value of the derivatives, including changes in the fair value due to credit risk, either of the Bancorp or the counterparty. In measuring the fair value of its derivative contracts, the Bancorp considers its own credit risk, taking into consideration collateral maintenance requirements of certain derivative counterparties and the duration of instruments with counterparties that do not require collateral maintenance.

As of March 31, 2026 and December 31, 2025, the balance of collateral held by the Bancorp for derivative assets was $1.6 billion and $576 million, respectively. For derivative contracts cleared through certain central clearing parties whose rules treat variation margin payments as settlements of the derivative contract, the payments for variation margin of $386 million and $270 million as of March 31, 2026 and December 31, 2025, respectively, were applied to reduce the respective derivative contracts and were also not included in the total amount of collateral held. As of March 31, 2026 and December 31, 2025, the credit component negatively impacting the fair value of derivative assets associated with customer accommodation contracts was $10 million and $6 million, respectively.

As of March 31, 2026 and December 31, 2025, the balance of collateral posted by the Bancorp, as either initial margin or due to changes in fair value of the related derivative contracts, was $3.1 billion and $868 million, respectively. Additionally, as of March 31, 2026 and December 31, 2025, $489 million and $415 million of variation margin payments, respectively, were applied to the respective derivative contracts to reduce the Bancorp’s derivative liabilities and were also not included in the total amount of collateral posted. Certain of the Bancorp’s derivative liabilities contain credit risk-related contingent features that could result in the requirement to post additional collateral upon the occurrence of specified events. As of both March 31, 2026 and December 31, 2025, the fair value of the additional collateral that could be required to be posted as a result of the credit risk-related contingent features being triggered was immaterial to the Bancorp’s Condensed Consolidated Financial Statements. The posting of collateral has been determined to remove the need for further consideration of credit risk. As a result, the Bancorp determined that the impact of the Bancorp’s credit risk to the valuation of its derivative liabilities was immaterial to the Bancorp’s Condensed Consolidated Financial Statements.

The Bancorp holds certain derivative instruments that qualify for hedge accounting treatment and are designated as either fair value hedges or cash flow hedges. Derivative instruments that do not qualify for hedge accounting treatment, or for which hedge accounting is not established, are held as free-standing derivatives. All customer accommodation derivatives are held as free-standing derivatives.
The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of:
Fair Value
March 31, 2026 ($ in millions)Notional
Amount		Derivative
Assets		Derivative
Liabilities
Derivatives Designated as Qualifying Hedging Instruments:
Fair value hedges:
Interest rate swaps related to long-term debt$6,105 1 12 
Total fair value hedges1 12 
Cash flow hedges:
Interest rate swaps related to C&I loans6,850 — 2 
Interest rate swaps related to commercial mortgage and commercial construction loans4,000 1 — 
Total cash flow hedges1 2 
Total derivatives designated as qualifying hedging instruments2 14 
Derivatives Not Designated as Qualifying Hedging Instruments:
Free-standing derivatives – risk management and other business purposes:
Interest rate contracts related to MSR portfolio4,105 7 9 
Forward contracts related to residential mortgage loans measured at fair value(a)
1,382 11 2 
Swap associated with the sale of Visa, Inc. Class B Shares2,480 — 82 
Foreign exchange contracts500 10 — 
Other80 — — 
Total free-standing derivatives – risk management and other business purposes
28 93 
Free-standing derivatives – customer accommodation:
Interest rate contracts(b)
102,255 553 711 
Interest rate lock commitments486 7 1 
Commodity contracts35,186 2,197 2,196 
TBA securities53 — — 
Foreign exchange contracts24,575 543 486 
Total free-standing derivatives – customer accommodation
3,300 3,394 
Total derivatives not designated as qualifying hedging instruments3,328 3,487 
Total$3,330 3,501 
(a)Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments in addition to certain portfolio residential mortgage loans measured at fair value.
(b)Derivative assets and liabilities are presented net of variation margin of $239 and $37, respectively.
Fair Value
December 31, 2025 ($ in millions)Notional
Amount		Derivative
Assets		Derivative
Liabilities
Derivatives Designated as Qualifying Hedging Instruments:
Fair value hedges:
Interest rate swaps related to long-term debt$4,205 1 — 
Total fair value hedges1 — 
Cash flow hedges:
Interest rate swaps related to C&I loans6,850 5 — 
Interest rate swaps related to commercial mortgage and commercial construction loans4,000 2 — 
Total cash flow hedges7 — 
Total derivatives designated as qualifying hedging instruments8 — 
Derivatives Not Designated as Qualifying Hedging Instruments:
Free-standing derivatives – risk management and other business purposes:
Interest rate contracts related to MSR portfolio4,275 6 1 
Forward contracts related to residential mortgage loans measured at fair value(a)
1,072 1 3 
Swap associated with the sale of Visa, Inc. Class B Shares2,678 — 124 
Foreign exchange contracts150 — 2 
Other82 — — 
Total free-standing derivatives – risk management and other business purposes
7 130 
Free-standing derivatives – customer accommodation:
Interest rate contracts(b)
82,901 443 540 
Interest rate lock commitments317 5 — 
Commodity contracts16,945 746 738 
TBA securities31 — — 
Foreign exchange contracts26,166 659 626 
Total free-standing derivatives – customer accommodation
1,853 1,904 
Total derivatives not designated as qualifying hedging instruments1,860 2,034 
Total$1,868 2,034 
(a)Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments in addition to certain portfolio residential mortgage loans measured at fair value.
(b)Derivative assets and liabilities are presented net of variation margin of $120 and $29, respectively.

Fair Value Hedges
The Bancorp may enter into interest rate swaps to convert its fixed-rate funding to floating-rate or to hedge the exposure to changes in fair value of a recognized asset attributable to changes in the benchmark interest rate.

The following table reflects the changes in fair value of interest rate contracts, designated as fair value hedges and the changes in fair value of the related hedged items attributable to the risk being hedged, as well as the line items in the Condensed Consolidated Statements of Income in which the corresponding gains or losses are recorded:
Condensed Consolidated
Statements of
Income Caption		For the three months ended
March 31,
($ in millions)20262025
Long-term debt:
Change in fair value of interest rate swaps hedging long-term debtInterest on long-term debt$(19)68 
Change in fair value of hedged long-term debt attributable to the risk being hedgedInterest on long-term debt20 (68)
The following amounts were recorded in the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of:
($ in millions)Condensed Consolidated
Balance Sheets Caption		March 31,
2026		December 31,
2025
Long-term debt:
Carrying amount of the hedged itemsLong-term debt$6,081 4,204 
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged itemsLong-term debt(10)10 
Available-for-sale debt and other securities:
Cumulative amount of fair value hedging adjustments remaining for hedged items for which hedge accounting has been discontinuedAvailable-for-sale debt and other securities(7)(7)

Cash Flow Hedges
The Bancorp may enter into interest rate swaps to convert floating-rate assets and liabilities to fixed rates or to hedge certain forecasted transactions for the variability in cash flows attributable to the contractually specified interest rate. As of March 31, 2026, the maximum length of time over which the Bancorp is hedging its exposure to the variability in future cash flows is 70 months.

Reclassified gains and losses on interest rate contracts related to commercial loans are recorded within interest income in the Condensed Consolidated Statements of Income. As of March 31, 2026 and December 31, 2025, respectively, $321 million and $275 million of net deferred losses, net of tax, on cash flow hedges were recorded in AOCI in the Condensed Consolidated Balance Sheets. As of March 31, 2026, $79 million in net unrealized losses, net of tax, recorded in AOCI are expected to be reclassified into earnings during the next 12 months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge designations or the addition of other hedges subsequent to March 31, 2026.

During both the three months ended March 31, 2026 and 2025, there were no gains or losses reclassified from AOCI into earnings associated with the discontinuance of cash flow hedges because it was probable that the original forecasted transaction would no longer occur by the end of the originally specified time period or within the additional period of time as defined by U.S. GAAP.

The following table presents the pre-tax net (losses) gains recorded in the Condensed Consolidated Statements of Income and in the Condensed Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges:
For the three months ended
March 31,
($ in millions)20262025
Amount of pre-tax net (losses) gains recognized in OCI$(81)253 
Amount of pre-tax net losses reclassified from OCI into net income(21)(56)

Free-Standing Derivative Instruments – Risk Management and Other Business Purposes
The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table:
Condensed Consolidated
Statements of Income Caption		For the three months ended
March 31,
($ in millions)20262025
Interest rate contracts:
Interest rate contracts related to MSR portfolioMortgage banking net revenue$(11)19 
Forward contracts related to residential mortgage loans measured at fair valueMortgage banking net revenue9 (9)
Foreign exchange contracts:
Foreign exchange contracts for risk management purposesOther noninterest income10 — 
Equity contracts:
Swap associated with sale of Visa, Inc. Class B SharesOther noninterest income8 (18)

Free-Standing Derivative Instruments – Customer Accommodation
The majority of the free-standing derivative instruments the Bancorp enters into are for the benefit of its commercial customers. The Bancorp may economically hedge significant exposures related to these derivative contracts entered into for the benefit of customers by entering into offsetting contracts with approved, reputable, independent counterparties with substantially matching terms.
The Bancorp enters into risk participation agreements, under which the Bancorp assumes credit exposure relating to certain underlying interest rate derivative contracts. The Bancorp typically only enters into these risk participation agreements in instances in which the Bancorp has participated in the loan that the underlying interest rate derivative contract was designed to hedge. The Bancorp will make payments under these agreements if a customer defaults on its obligation to perform under the terms of the underlying interest rate derivative contract. The total notional amount of the risk participation agreements was $3.8 billion and $3.2 billion at March 31, 2026 and December 31, 2025, respectively, and the fair value was a liability of $9 million and $4 million at March 31, 2026 and December 31, 2025, respectively, which is included in other liabilities in the Condensed Consolidated Balance Sheets.

The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table:
Condensed Consolidated
Statements of Income Caption		For the three months ended
March 31,
($ in millions)20262025
Interest rate contracts:
Interest rate contracts for customers (contract revenue)
Capital market fees$10 8 
Interest rate contracts for customers (credit portion of fair value adjustment)
Other noninterest expense1 (3)
Interest rate lock commitmentsMortgage banking net revenue15 15 
Commodity contracts:
Commodity contracts for customers (contract revenue)
Capital market fees12 6 
Commodity contracts for customers (credit portion of fair value adjustment)
Other noninterest expense(5)— 
Foreign exchange contracts:
Foreign exchange contracts for customers (contract revenue)
Capital market fees27 19 
Foreign exchange contracts for customers (contract revenue)
Other noninterest income4 (10)

Offsetting Derivative Financial Instruments
The Bancorp’s derivative transactions are generally governed by ISDA Master Agreements and similar arrangements, which include provisions governing the setoff of assets and liabilities between the parties. When the Bancorp has more than one outstanding derivative transaction with a single counterparty, the setoff provisions contained within these agreements generally allow the non-defaulting party the right to reduce its liability to the defaulting party by amounts eligible for setoff, including the collateral received as well as eligible offsetting transactions with that counterparty, irrespective of the currency, place of payment or booking office. The Bancorp’s policy is to present its derivative assets and derivative liabilities on the Condensed Consolidated Balance Sheets on a gross basis, even when provisions allowing for setoff are in place. However, for derivative contracts cleared through certain central clearing parties who have modified their rules to treat variation margin payments as settlements, the fair value of the respective derivative contracts is reported net of the variation margin payments.

Collateral amounts included in the tables below consist primarily of cash and highly rated government-backed securities and do not include variation margin payments for derivative contracts with legal rights of setoff for both periods shown.

The following table provides a summary of offsetting derivative financial instruments:
Gross Amount
Recognized in the
Condensed Consolidated
Balance Sheets(a)
Gross Amounts Not Offset in the
Condensed Consolidated Balance Sheets
Derivatives
Collateral(b)
Net Amount
As of March 31, 2026
Derivative assets$3,323 (1,382)(357)1,584 
Derivative liabilities3,500 (1,382)(729)1,389 
As of December 31, 2025
Derivative assets$1,863 (959)(261)643 
Derivative liabilities2,034 (959)(142)933 
(a)Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements.
(b)Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Condensed Consolidated Balance Sheets were excluded from this table.
v3.26.1
Short-Term Borrowings
 3 Months Ended
Mar. 31, 2026
Short-Term Debt [Abstract]  
Short-Term Borrowings Short-Term Borrowings
Borrowings with original maturities of one year or less are classified as short-term. The following table presents a summary of the Bancorp’s short-term borrowings as of:
($ in millions)March 31,
2026		December 31,
2025
FHLB advances$750 300 
Securities sold under repurchase agreements338 311 
Derivative collateral — 19 
Other borrowed money43 70 
Federal funds purchased158 226 
Total short-term borrowings$1,289 926 
The Bancorp’s securities sold under repurchase agreements are accounted for as secured borrowings and may be collateralized by securities included in available-for-sale debt and other securities or held-to-maturity securities in the Condensed Consolidated Balance Sheets. These securities are subject to changes in market value and, therefore, the Bancorp may increase or decrease the level of securities pledged as collateral based upon these movements in market value. As of both March 31, 2026 and December 31, 2025, all securities sold under repurchase agreements were secured by agency mortgage-backed securities and the repurchase agreements had an overnight remaining contractual maturity.
v3.26.1
Long-Term Debt
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
On January 29, 2026, the Bancorp issued and sold $1.0 billion of fixed-rate/floating-rate senior notes which will mature on April 29, 2032. The senior notes will bear interest at a rate of 4.566% per annum to, but excluding, April 29, 2031. From, and including, April 29, 2031 to, but excluding, the maturity date, the senior notes will bear interest at a rate of compounded SOFR plus 0.95%. The senior notes are redeemable at the Bancorp’s option, in whole or in part, beginning 180 days after the issue date and prior to April 29, 2031, at the greater of: (a) the aggregate principal amount of the senior notes being redeemed, plus accrued and unpaid interest, or (b) the sum of the present value of the remaining scheduled payments of principal and interest, plus accrued and unpaid interest. Additionally, the senior notes are redeemable at the Bancorp’s option, in whole, but not in part, one year prior to their maturity date, or in whole or in part beginning 30 days prior to maturity, at par plus accrued and unpaid interest.

On January 29, 2026, the Bancorp issued and sold $1.0 billion of fixed-rate/floating-rate senior notes which will mature on January 29, 2037. The senior notes will bear interest at a rate of 5.141% per annum to, but excluding, January 29, 2036. From, and including, January 29, 2036 to, but excluding, the maturity date, the senior notes will bear interest at a rate of compounded SOFR plus 1.24%. The senior notes are redeemable at the Bancorp’s option, in whole or in part, beginning 180 days after the issue date and prior to January 29, 2036, at the greater of: (a) the aggregate principal amount of the senior notes being redeemed, plus accrued and unpaid interest, or (b) the sum of the present value of the remaining scheduled payments of principal and interest, plus accrued and unpaid interest. Additionally, the senior notes are redeemable at the Bancorp’s option, in whole, but not in part, one year prior to their maturity date, or in whole or in part beginning 90 days prior to maturity, at par plus accrued and unpaid interest.

On February 1, 2026, the Bancorp completed its acquisition of Comerica Incorporated. In connection with the acquisition, the Bancorp assumed $5.5 billion of long-term debt, which is held by subsidiaries of the Bancorp. The following table summarizes the long-term debt assumed:
($ in millions)MaturityInterest RateFebruary 1,
2026
Senior:
Fixed-rate notes20294.00%$547 
Fixed-rate notes20305.982%1,046 
Subordinated:
Fixed-rate notes20263.80%250 
Fixed-rate notes20267.875%152 
Fixed-rate notes20335.332%506 
FHLB advances(a)
2026 - 20284.588%3,028 
Total$5,529 
(a)This rate reflects the weighted-average rate as of February 1, 2026.
v3.26.1
Commitments, Contingent Liabilities and Guarantees
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments, Contingent Liabilities and Guarantees Commitments, Contingent Liabilities and Guarantees
The Bancorp, in the normal course of business, enters into financial instruments and various agreements to meet the financing needs of its customers. The Bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks, provide funding, equipment and locations for its operations and invest in its communities. These instruments and agreements involve, to varying degrees, elements of credit risk, counterparty risk and market risk in excess of the amounts recognized in the Condensed Consolidated Balance Sheets. The creditworthiness of counterparties for all instruments and agreements is evaluated on a case-by-case basis in accordance with the Bancorp’s credit policies. The Bancorp’s significant commitments, contingent liabilities and guarantees in excess of the amounts recognized in the Condensed Consolidated Balance Sheets are discussed in the following sections.

Commitments
The Bancorp has certain commitments to make future payments under contracts. The following table reflects a summary of significant commitments as of:
($ in millions)March 31,
2026		December 31,
2025
Commitments to extend credit$112,467 84,405 
Letters of credit6,261 2,095 
Forward contracts related to residential mortgage loans measured at fair value1,382 1,072 
Capital commitments for private equity investments327 310 
Capital expenditures203 147 

Commitments to extend credit
Commitments to extend credit are agreements to lend, typically having fixed expiration dates or other termination clauses that may require payment of a fee. Since many of the commitments to extend credit may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash flow requirements. The Bancorp is exposed to credit risk in the event of nonperformance by the counterparty for the amount of the contract. Fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and the Bancorp’s exposure is limited to the replacement value of those commitments. As of March 31, 2026 and December 31, 2025, the Bancorp had a reserve for unfunded commitments, including letters of credit, totaling $232 million and $157 million, respectively, included in other liabilities in the Condensed Consolidated Balance Sheets. The reserve for unfunded commitments as of March 31, 2026 included $75 million which was recorded as part of the initial recognition of the reserve for unfunded commitments assumed in the Comerica acquisition. The Bancorp monitors the credit risk associated with commitments to extend credit using the same standard regulatory risk rating systems utilized for its loan and lease portfolio.

Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of:
($ in millions)March 31,
2026		December 31,
2025
Pass$109,847 82,536 
Special mention1,312 834 
Substandard1,275 991 
Doubtful33 44 
Total commitments to extend credit$112,467 84,405 

Letters of credit
Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and expire as summarized in the following table as of March 31, 2026:
($ in millions)
Less than 1 year(a)
$5,032 
1 - 5 years(a)
1,227 
Over 5 years2 
Total letters of credit$6,261 
(a)Includes $5 and $3 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire in less than 1 year and between 1 - 5 years, respectively.

Standby letters of credit accounted for approximately 99% of total letters of credit at both March 31, 2026 and December 31, 2025 and are considered guarantees in accordance with U.S. GAAP. Approximately 78% and 77% of the total standby letters of credit were collateralized as of March 31, 2026 and December 31, 2025, respectively. In the event of nonperformance by the customers, the Bancorp has rights to the underlying collateral, which can include commercial real estate, physical plant and property, inventory, receivables, cash and marketable securities. The reserve related to these standby letters of credit, which was included in the total reserve for unfunded commitments, was $20
million and $9 million at March 31, 2026 and December 31, 2025, respectively. The Bancorp monitors the credit risk associated with letters of credit using the same standard regulatory risk rating systems utilized for its loan and lease portfolio.

Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of:
($ in millions)March 31,
2026		December 31,
2025
Pass$5,963 1,923 
Special mention140 55 
Substandard154 113 
Doubtful4 4 
Total letters of credit$6,261 2,095 

Forward contracts related to residential mortgage loans measured at fair value
The Bancorp enters into forward contracts and mortgage options to economically hedge the change in fair value of certain residential mortgage loans held for sale, and certain residential mortgage portfolio loans measured at fair value, due to changes in interest rates. The outstanding notional amounts of these forward contracts are included in the summary of significant commitments table for all periods presented.

Other commitments
The Bancorp has entered into a limited number of agreements for work related to banking center construction.

Contingent Liabilities
Legal claims
There are legal claims pending against the Bancorp and its subsidiaries that have arisen in the normal course of business. Refer to Note 16 for additional information regarding these proceedings.

Guarantees
The Bancorp has performance obligations upon the occurrence of certain events under financial guarantees provided in certain contractual arrangements as discussed in the following sections.

Residential mortgage loans sold with representation and warranty provisions
Conforming residential mortgage loans sold to unrelated third parties are generally sold with representation and warranty provisions. A contractual liability arises only in the event of a breach of these representations and warranties and, in general, only when a loss results from the breach. The Bancorp may be required to repurchase any previously sold loan, or indemnify or make whole the investor or insurer for which the representation or warranty of the Bancorp proves to be inaccurate, incomplete or misleading. For more information on how the Bancorp establishes the residential mortgage repurchase reserve, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025.

Total repurchase demand requests during both the three months ended March 31, 2026 and 2025 were $9 million. Total outstanding repurchase demand inventory was $7 million and $5 million at March 31, 2026 and December 31, 2025, respectively. As of both March 31, 2026 and December 31, 2025, the Bancorp maintained reserves related to loans sold with representation and warranty provisions totaling $4 million included in other liabilities in the Condensed Consolidated Balance Sheets.

The Bancorp uses the best information available when estimating its mortgage representation and warranty reserve; however, the estimation process is inherently uncertain and imprecise and, accordingly, losses in excess of the amounts reserved as of March 31, 2026 are reasonably possible. The Bancorp currently estimates that it is reasonably possible that it could incur losses related to mortgage representation and warranty provisions in an amount up to approximately $6 million in excess of amounts reserved. This estimate was derived by modifying the key assumptions to reflect management’s judgment regarding reasonably possible adverse changes to those assumptions. The actual repurchase losses could vary significantly from the recorded mortgage representation and warranty reserve or this estimate of reasonably possible losses, depending on the outcome of various factors, including those previously discussed.

Margin accounts
FTS, an indirect wholly-owned subsidiary of the Bancorp, guarantees the collection of all margin account balances held by its brokerage clearing agent for the benefit of its customers. FTS is responsible for payment to its brokerage clearing agent for any loss, liability, damage, cost or expense incurred as a result of customers failing to comply with margin or margin maintenance calls on all margin accounts. The margin account balances held by the brokerage clearing agent were $17 million and $13 million at March 31, 2026 and December 31, 2025, respectively. In the event of customer default, FTS has rights to the underlying collateral provided. Given the existence of the underlying collateral provided and negligible historical credit losses, the Bancorp does not maintain a loss reserve related to the margin accounts.
Long-term borrowing obligations
The Bancorp had certain fully and unconditionally guaranteed long-term borrowing obligations issued by wholly-owned issuing trust entities of $62 million at both March 31, 2026 and December 31, 2025.

Visa litigation
The Bancorp, as a member bank of Visa prior to Visa’s reorganization and IPO (the “IPO”) of its Class A common shares (the “Class A Shares”) in 2008, had certain indemnification obligations pursuant to Visa’s certificate of incorporation and bylaws and in accordance with its membership agreements. In accordance with Visa’s bylaws prior to the IPO, the Bancorp could have been required to indemnify Visa for the Bancorp’s proportional share of losses based on the pre-IPO membership interests. As part of its reorganization and IPO, the Bancorp’s indemnification obligation was modified to include only certain known or anticipated litigation (the “Covered Litigation”) as of the date of the restructuring. This modification triggered a requirement for the Bancorp to recognize a liability equal to the fair value of the indemnification liability.

In conjunction with the IPO, the Bancorp received 10.1 million of Visa’s Class B common shares (the “Class B Shares”) based on the Bancorp’s membership percentage in Visa prior to the IPO. The Class B Shares were not transferable (other than to another member bank) until the later of the third anniversary of the IPO closing or the date on which the Covered Litigation has been resolved; therefore, the Bancorp’s Class B Shares were classified in other assets and accounted for at their carryover basis of $0. Visa deposited $3 billion of the proceeds from the IPO into a litigation escrow account, established for the purpose of funding judgments in, or settlements of, the Covered Litigation. Since then, when Visa’s litigation committee determined that the escrow account was insufficient, Visa issued additional Class A Shares and deposited the proceeds from the sale of the Class A Shares into the litigation escrow account. When Visa funded the litigation escrow account, the Class B Shares were subjected to dilution through an adjustment in the conversion rate of Class B Shares into Class A Shares. On January 23, 2024, Visa announced shareholder approval of changes to its articles of incorporation that would release certain transfer restrictions on portions of Class B Shares. The program allows holders of Class B Shares to liquidate some of their shares subject to assurances that other Visa stockholders will retain existing protection from exposure to the Covered Litigation.

In 2009, the Bancorp completed the sale of Visa, Inc. Class B Shares and entered into a total return swap in which the Bancorp will make or receive payments based on subsequent changes in the conversion rate of the Class B Shares into Class A Shares. The swap terminates on the later of the third anniversary of Visa’s IPO or the date on which the Covered Litigation is settled. Refer to Note 21 for additional information on the valuation of the swap. The counterparty to the swap as a result of its ownership of the Class B Shares will be impacted by dilutive adjustments to the conversion rate of the Class B Shares into Class A Shares caused by any Covered Litigation losses in excess of the litigation escrow account. If actual judgments in, or settlements of, the Covered Litigation significantly exceed current expectations, then additional funding by Visa of the litigation escrow account and the resulting dilution of the Class B Shares could result in a scenario where the Bancorp’s ultimate exposure associated with the Covered Litigation (the “Visa Litigation Exposure”) exceeds the value of the Class B Shares owned by the swap counterparty (the “Class B Value”). In the event the Bancorp concludes that it is probable that the Visa Litigation Exposure exceeds the Class B Value, the Bancorp would record a litigation reserve liability and a corresponding amount of other noninterest expense for the amount of the excess. Any such litigation reserve liability would be separate and distinct from the fair value derivative liability associated with the total return swap.

As of the date of the Bancorp’s sale of the Visa Class B Shares and through March 31, 2026, the Bancorp has concluded that it is not probable that the Visa Litigation Exposure will exceed the Class B Value. Based on this determination, upon the sale of Class B Shares, the Bancorp reversed its net Visa litigation reserve liability and recognized a free-standing derivative liability associated with the total return swap. The fair value of the swap liability was $82 million and $124 million at March 31, 2026 and December 31, 2025, respectively. This balance reflects the impact of the Comerica acquisition on February 1, 2026, which included $6 million related to the swap liability assumed. Refer to Note 12 and Note 21 for further information.

After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows:
Period ($ in millions)Visa
Funding Amount		Bancorp Cash
Payment Amount
2010 - 2024$8,115 354 
Q1 2025375 15 
Q3 2025500 21 
Q4 2025500 21 
Q1 2026125 6 
v3.26.1
Legal and Regulatory Proceedings
 3 Months Ended
Mar. 31, 2026
Loss Contingency [Abstract]  
Legal and Regulatory Proceedings Legal and Regulatory Proceedings
Litigation
Visa/MasterCard Merchant Interchange Litigation
In April 2006, the Bancorp was added as a defendant in a consolidated antitrust class action lawsuit originally filed against Visa®, MasterCard® and several other major financial institutions in the United States District Court for the Eastern District of New York (In re: Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, Case No. 5-MD-1720). The plaintiffs, merchants operating commercial businesses throughout the U.S. and trade associations, claimed that the interchange fees charged by card-issuing banks were unreasonable and sought injunctive relief and unspecified damages. In addition to being a named defendant, the Bancorp is currently also subject to a possible indemnification obligation of Visa as discussed in Note 15 and has also entered into judgment and loss sharing agreements with Visa, MasterCard and certain other named defendants. More than 500 of the merchants who requested exclusion from the class filed separate federal lawsuits against Visa, MasterCard and certain other defendants alleging similar antitrust violations. The Bancorp may have obligations in these matters pursuant to indemnification arrangements and/or the judgment or loss sharing agreements noted above. On September 17, 2018, the defendants in the consolidated class action signed a settlement agreement resolving the claims seeking monetary damages by the proposed plaintiffs’ class (the “Plaintiff Damages Class”). The settlement agreement provided for a total payment by all defendants of approximately $6.24 billion. On December 13, 2019, the Court entered an order granting final approval for the settlement, and on March 15, 2023, the Second Circuit affirmed that order. The settlement does not resolve the claims of the separate proposed plaintiffs’ class seeking injunctive relief or the claims of merchants who have opted out of the proposed class settlement and are pursuing, or may in the future decide to pursue, private lawsuits. Several of the remaining opt-out cases have now been set for a trial scheduled to commence on September 21, 2026 in the matter of Grubhub Holdings Inc., et al. v. Visa Inc., et al. Case No. 1:19‑cv‑07273 (N.D. Ill.).

On September 27, 2021, the Court overseeing the class litigation entered an order certifying a class of merchants pursuing claims for injunctive relief. In June 2024, the Court denied preliminary approval of a proposed settlement of the injunctive relief claims. On November 10, 2025, defendants submitted to the Court a revised proposed settlement of the claims for injunctive relief. The ultimate outcome in this matter, including the timing of resolution, remains uncertain. Refer to Note 15 for further information.

Klopfenstein v. Fifth Third Bank
In 2013 several putative class action lawsuits related to Fifth Third’s Early Access cash advance product were consolidated in the Southern District of Ohio as In re: Fifth Third Early Access Cash Advance Litigation (Case No. 1:12-CV-851). On behalf of a putative class, the plaintiffs sought unspecified monetary and statutory damages, injunctive relief, punitive damages, attorneys’ fees, and pre- and post-judgment interest, based on their allegation that the 120% APR disclosure in the Early Access product was misleading. The plaintiffs’ claimed damages for the alleged breach of contract claim exceed $440 million, plus prejudgment interest. On March 26, 2021, the trial court granted plaintiffs’ motion for class certification. On March 29, 2023, the trial court issued an order granting summary judgment on plaintiffs’ TILA claim, with statutory damages capped at $2 million plus costs and attorney fees. Plaintiffs’ claim for breach of contract proceeded to trial and on April 27, 2023 the jury returned a verdict in favor of the Bank, finding a breach of contract, but that the voluntary payment doctrine is a complete defense to the breach of contract claim. On September 30, 2024, the trial court issued a decision denying post-trial motions related to the jury verdict. On October 30, 2024, plaintiffs filed a notice of appeal, and on November 7, 2024, Fifth Third filed a notice of cross appeal. The Sixth Circuit Court of Appeals held oral argument on February 4, 2026, and the parties are awaiting a decision.

Howards v. Fifth Third Bank
On March 8, 2018, Plaintiff Troy Howards filed a putative class action against Fifth Third Bank in a lawsuit that was subsequently transferred to the United States District Court for the Southern District of Ohio (Case No. 1:18-CV-869, S.D. OH 2018), alleging that Fifth Third improperly charged certain fees related to insufficient funds, customer overdrafts, and out-of-network ATM use. Plaintiff filed claims for breach of contract, breach of the implied covenant of good faith and fair dealing, for violation of the California Unfair Competition Law (Ca. Bus. & Prof. Code sec. 17200, et seq.), and the California Consumer Legal Remedies Act (Cal. Civ. Code sec. 1750 et seq.). Plaintiff seeks to represent putative nationwide classes and California classes of consumers allegedly charged improper repeated insufficient funds fees, improper overdraft fees, and fees for out-of-network ATM use from the beginning of the applicable statute of limitations to present. Plaintiff seeks damages of restitution and disgorgement in the amount of the allegedly unlawfully charged fees and damages proved at trial together with interest as allowed by applicable law. On February 6, 2023, the trial court issued an order dismissing the Plaintiff’s breach of contract claim with respect to out-of-network ATM fees and dismissing the two claims for violations of California consumer protection statutes. The Court denied Fifth Third’s motion to dismiss as it relates to the claims for breach of contract and breach of the implied covenant of good faith and fair dealing for certain customer overdrafts and insufficient funds fees. The case is in discovery, and no trial date has been set.

Other litigation
The Bancorp and its subsidiaries are not parties to any other material litigation at this time. However, there are other litigation matters that arise in the normal course of business, which include, or may include, claims related to product features, pricing and other lending practices. For example, Fifth Third Bank, National Association is a defendant in a number of civil lawsuits related to consumer solar lending practices and solar installer sales practices issues. These include a Multidistrict Litigation (“MDL”) consolidated by the Judicial Panel on Multidistrict Litigation on October 3, 2024 in the U.S. District Court for the District of Minnesota (MDL No. 3128). While it is impossible to ascertain the ultimate resolution or range of financial liability with respect to these contingent matters, management believes that the resulting liability, if any, from these other actions would not have a material effect upon the Bancorp’s consolidated financial position, results of operations or
cash flows. However, it is possible that the ultimate resolution of a matter, if unfavorable, may be material to the Bancorp’s consolidated financial position, results of operations or cash flows.

Governmental Investigations and Proceedings
The Bancorp and/or its affiliates are or may become involved in information-gathering requests, reviews, investigations and proceedings (both formal and informal) by various governmental regulatory agencies and law enforcement authorities, including but not limited to the FRB, OCC, CFPB, FDIC, SEC, FINRA, U.S. Department of Justice, etc., as well as state and other governmental authorities and self-regulatory bodies regarding their respective businesses. For example, Fifth Third has been cooperating with investigations by a number of state attorneys general regarding consumer solar lending and solar installer sales practices. Additional matters will likely arise from time to time. Any of these matters may result in material adverse consequences or reputational harm to the Bancorp, its affiliates and/or their respective directors, officers and other personnel, including adverse judgments, findings, settlements, fines, penalties, orders, injunctions or other actions, amendments and/or restatements of the Bancorp’s SEC filings and/or financial statements, as applicable, and/or determinations of material weaknesses in our disclosure controls and procedures. Investigations by regulatory authorities may from time to time result in civil or criminal referrals to law enforcement. Additionally, in some cases, regulatory authorities may take supervisory actions that are considered to be confidential supervisory information which may not be publicly disclosed.

Reasonably Possible Losses in Excess of Accruals
The Bancorp and its subsidiaries are parties to numerous claims and lawsuits as well as threatened or potential actions or claims concerning matters arising from the conduct of its business activities. The outcome of claims or litigation and the timing of ultimate resolution are inherently difficult to predict. The following factors, among others, contribute to this lack of predictability: claims often include significant legal uncertainties, damages alleged by plaintiffs are often unspecified or overstated, discovery may not have started or may not be complete and material facts may be disputed or unsubstantiated. As a result of these factors, the Bancorp is not always able to provide an estimate of the range of reasonably possible outcomes for each claim. An accrual for a potential litigation loss is established when information related to the loss contingency indicates both that a loss is probable and that the amount of loss can be reasonably estimated. Any such accrual is adjusted from time to time thereafter as appropriate to reflect changes in circumstances. The Bancorp also determines, when possible (due to the uncertainties described above), estimates of reasonably possible losses or ranges of reasonably possible losses, in excess of amounts accrued. Under U.S. GAAP, an event is “reasonably possible” if “the chance of the future event or events occurring is more than remote but less than likely” and an event is “remote” if “the chance of the future event or events occurring is slight.” Thus, references to the upper end of the range of reasonably possible loss for cases in which the Bancorp is able to estimate a range of reasonably possible loss mean the upper end of the range of loss for cases for which the Bancorp believes the risk of loss is more than slight. For matters where the Bancorp is able to estimate such possible losses or ranges of possible losses, the Bancorp currently estimates that it is reasonably possible that it could incur losses related to legal and regulatory proceedings in an aggregate amount up to approximately $85 million in excess of amounts accrued, with it also being reasonably possible that no losses will be incurred in these matters. The estimates included in this amount are based on the Bancorp’s analysis of currently available information, and as new information is obtained the Bancorp may change its estimates.

For these matters and others where an unfavorable outcome is reasonably possible but not probable, there may be a range of possible losses in excess of the established accrual that cannot be estimated. Based on information currently available, advice of counsel, available insurance coverage and established accruals, the Bancorp believes that the eventual outcome of the actions against the Bancorp and/or its subsidiaries, including the matters described above, will not, individually or in the aggregate, have a material adverse effect on the Bancorp’s consolidated financial position. However, in the event of unexpected future developments, it is possible that the ultimate resolution of those matters, if unfavorable, may be material to the Bancorp’s results of operations for any particular period, depending, in part, upon the size of the loss or liability imposed and the operating results for the applicable period.
v3.26.1
Income Taxes
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The applicable income tax expense was $42 million and $138 million for the three months ended March 31, 2026 and 2025, respectively. The effective tax rates for the three months ended March 31, 2026 and 2025 were 20.1% and 21.2%, respectively.
v3.26.1
Retirement and Benefit Plans
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Retirement and Benefit Plans Retirement and Benefit Plans
The Bancorp acquired various retirement and employee benefit plans in connection with the acquisition of Comerica Incorporated, which was completed on February 1, 2026. These plans provide retirement, health care and life insurance benefits to eligible employees and retirees and include both qualified and non‑qualified defined benefit arrangements. The assets and obligations of the acquired defined benefit plans were remeasured as of February 1, 2026. The Bancorp recognizes the overfunded or underfunded status of the plans in other assets and accrued taxes, interest and expenses, respectively, in the Condensed Consolidated Balance Sheets. The following sections provide further information regarding the defined benefit pension and postretirement benefit obligations, plan structures and funding practices for these acquired plans. For information on the Bancorp’s previously existing plans, refer to Note 22 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025.

Comerica defined benefit retirement plans
The Bancorp acquired both a qualified and non-qualified defined benefit retirement plan in connection with the Comerica acquisition. Plan participants primarily include individuals who were previously employed by Comerica or its subsidiaries prior to the acquisition. These plans primarily utilize a cash balance benefit structure which vests after three years of service, with additional benefits available for certain individuals who were participants in the plan prior to 2017. Benefits earned under the cash balance formula include contribution credits, which are based on eligible compensation, age and years of service, and interest credits which are based on U.S. Treasury securities. The benefit structure of the nonqualified plan is similar to the qualified plan except that the nonqualified plan considers compensation in excess of applicable IRS limitations.

Comerica postretirement benefit plan
The Bancorp also acquired a postretirement benefit plan in connection with the Comerica acquisition, which provides postretirement health care and life insurance benefits for certain former Comerica employees. This plan is frozen and has been closed to new participants since January 1, 2007 but primarily provides benefits to participants who retired prior to January 1, 2000. The Plan’s health benefits are structured as a funded Health Reimbursement Arrangement for participants covered by Medicare or individual marketplace insurance plans.

The following table summarizes the plans as of February 1, 2026:
($ in millions)Qualified PlanNon-Qualified PlanPostretirement
Benefit Plan
Fair value of plan assets$2,970 — 42 
Projected benefit obligation1,615 158 N/A
Accumulated benefit obligation1,595 154 13 
Funded status(a)
$1,355 (158)29 
(a)Based on projected benefit obligation for the Qualified and Non-Qualified Plans and accumulated benefit obligation for the Postretirement Benefit Plan.

For the period from February 1, 2026 to March 31, 2026, the Bancorp recognized service cost of $7 million and other net periodic pension benefit of $5 million related to the acquired defined benefit plans. Included within the other net periodic pension benefit was $11 million of expense related to retirement termination benefits associated with former employees of Comerica. Service cost and other net periodic pension benefit are recorded in compensation and benefits expense and other noninterest expense, respectively, in the Condensed Consolidated Statements of Income.

Weighted-Average Assumptions
The plans’ actuarial assumptions were evaluated as of February 1, 2026 and will be updated annually and as necessary thereafter. The expected long-term rate of return on plan assets is the average rate of return expected to be realized on funds invested or expected to be invested over the life of the plan. The expected long-term rate of return on plan assets is set after considering both long-term returns in the general market and long-term returns experienced by the assets in the plan. The returns on the various asset categories are blended to derive an equity and a fixed income long-term rate of return.

The following table summarizes the weighted-average plan assumptions as of February 1, 2026:
Qualified PlanNon-Qualified PlanPostretirement
Benefit Plan
Discount rate5.62 %5.57 5.40 
Rate of compensation increase4.50 4.50 N/A
Interest crediting rate
4.87-5.25
4.87-5.25
N/A
Expected long-term return on plan assets6.75 N/A2.50 
Estimated future benefit payments
The Bancorp did not make contributions to the plans during the period from February 1, 2026 to March 31, 2026, and, based on the actuarial assumptions, does not expect to make contributions to the plans for the remainder of 2026, except to the extent necessary for benefit payments made under the Non-Qualified Plan. The following table summarizes the estimated future benefit payments as of February 1, 2026:
($ in millions)Qualified PlanNon-Qualified Plan
Postretirement Benefit Plan(a)
Remainder of 2026$178 15 2 
2027151 15 2 
2028147 15 2 
2029148 15 2 
2030147 15 1 
2031 - 2035684 71 5 
(a)Estimated future benefit payments in the Postretirement Benefit Plan are presented net of estimated Medicare subsidies.

Fair Value Measurements of Plan Assets
The following table summarizes the Qualified Plan assets measured at fair value on a recurring basis as of February 1, 2026:
Fair Value Measurements Using(a)
($ in millions)Level 1Level 2Level 3Total Fair Value
Debt securities:
U.S. Treasury and federal agencies securities$700 6 — 706 
Asset-backed securities and other debt securities(b)
— 936 — 936 
Private placement securities— 41 — 41 
Total debt securities$700 983 — 1,683 
Total plan assets in the fair value hierarchy$700 983 — 1,683 
Investments measured at NAV:
Collective investment funds$1,265 
Total plan assets at fair value(c)
$2,948 
(a)For further information on fair value hierarchy levels, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025.
(b)Includes corporate and municipal bonds and notes.
(c)Excludes accrued interest receivable of $22.

The following is a description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy.

Debt securities
Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include U.S. Treasury securities. If quoted market prices are not available, then fair values are estimated using pricing models which primarily utilize quoted prices of securities with similar characteristics. Level 2 securities may include federal agencies securities, asset-backed securities and other debt securities and private placement securities.

Collective investment funds
NAV is used as a practical expedient to determine the fair value of investments in collective funds, so these investments are not classified within the fair value hierarchy. There are no unfunded commitments or redemption restrictions on the collective investment funds. The investments are redeemable daily.

There were no assets in the Non-Qualified Plan at February 1, 2026. The Postretirement Benefit Plan is invested in cash and BOLI policies. Cash is classified in Level 1 of the valuation hierarchy. The fair value of BOLI policies is based on the cash surrender values of the policies as reported by the insurance companies and is classified in Level 2 of the valuation hierarchy.

Investment Policies and Strategies
The Bancorp’s objectives for the Qualified Plan are to maintain a portfolio of assets of appropriate liquidity and diversification; to generate investment returns (net of all operating costs) that are reasonably anticipated to maintain the plan’s fully funded status or to reduce a funding deficit, after taking into account various factors, including reasonably anticipated future contributions, expense and the interest rate sensitivity of the plan’s assets relative to that of the plan’s liabilities; and to generate investment returns (net of all operating costs) that meet or exceed a customized benchmark as defined in the plan’s investment policy. The Bancorp’s target allocations for plan investments are 55 percent to 65
percent for fixed-income securities and 35 percent to 45 percent for equity securities. There were no significant concentrations of risk associated with the investments of the Qualified Plan at February 1, 2026.

Permitted asset classes of the Qualified Plan include fixed-income (U.S. Treasury and other U.S. government agency securities, corporate bonds and notes, municipal bonds, collateralized mortgage obligations and money market funds) and equities (collective investment funds). Derivative instruments are permissible for hedging and transactional efficiency, but only to the extent that the derivative use enhances the efficient execution of the Qualified Plan’s investment policy. The Qualified Plan does not directly invest in securities issued by the Bancorp and its subsidiaries.

Fifth Third Bank, National Association, (the “Trustee”), is expected to manage plan assets in a manner consistent with the Qualified Plan agreement and other regulatory, federal and state laws. The Fifth Third Bank Pension, 401(k) and Medical Plan Committee (the “Committee”) is the plan administrator. The Trustee provides to the Committee quarterly reports and is also required to keep the Committee apprised of any material changes in the Trustee’s outlook and recommended investment policy. There were no fees paid by the Plan for accounting or administrative services provided by the Trustee for the period from February 1, 2026 to March 31, 2026.
v3.26.1
Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income
The tables below present the activity of the components of OCI and AOCI for the three months ended:
Total OCI Total AOCI
March 31, 2026 ($ in millions)Pre-tax
Activity		Tax
Effect		Net
Activity		Beginning
Balance		Net
Activity		Ending
Balance
Unrealized holding losses on available-for-sale debt securities arising during period$(129)29 (100)
Net unrealized losses on available-for-sale debt securities(129)29 (100)(2,231)(100)(2,331)
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income27 (5)22 
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities27 (5)22 (587)22 (565)
Unrealized holding losses on cash flow hedge derivatives arising during period(81)19 (62)
Reclassification adjustment for net losses on cash flow hedge derivatives included in net income21 (5)16 
Net unrealized losses on cash flow hedge derivatives(60)14 (46)(275)(46)(321)
Defined benefit pension plans, net— — — (15)— (15)
Other— — — (2)— (2)
Total$(162)38 (124)(3,110)(124)(3,234)

Total OCI Total AOCI
March 31, 2025 ($ in millions)Pre-tax
Activity		Tax
Effect		Net
Activity		Beginning
Balance		Net
Activity		Ending
Balance
Unrealized holding gains on available-for-sale debt securities arising during period$633 (152)481 
Net unrealized losses on available-for-sale debt securities633 (152)481 (3,280)481 (2,799)
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income32 (7)25 
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities32 (7)25 (684)25 (659)
Unrealized holding gains on cash flow hedge derivatives arising during period253 (60)193 
Reclassification adjustment for net losses on cash flow hedge derivatives included in net income56 (14)42 
Net unrealized losses on cash flow hedge derivatives309 (74)235 (654)235 (419)
Defined benefit pension plans, net— — — (16)— (16)
Other— — — (2)— (2)
Total$974 (233)741 (4,636)741 (3,895)
The table below presents reclassifications out of AOCI:
Condensed Consolidated Statements of Income CaptionFor the three months ended
March 31,
($ in millions)20262025
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities:(a)
Net losses included in net incomeInterest on securities$(27)(32)
Income before income taxes(27)(32)
Applicable income tax expense5 7 
Net income(22)(25)
Net unrealized losses on cash flow hedge derivatives:(a)
Interest rate contracts related to C&I, commercial mortgage and commercial construction loansInterest and fees on loans and leases(21)(56)
Income before income taxes(21)(56)
Applicable income tax expense5 14 
Net income(16)(42)
Total reclassifications for the periodNet income$(38)(67)
(a)Amounts in parentheses indicate reductions to net income.
v3.26.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table provides the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share:
For the three months ended
March 31,
($ in millions, except per share data)20262025
Net income available to common shareholders$128 478 
Average common shares outstanding - basic825 671 
Effect of dilutive stock-based awards5 5 
Average common shares outstanding - diluted830 676 
Earnings per share - basic$0.16 0.71 
Earnings per share - diluted0.15 0.71 
Anti-dilutive stock-based awards excluded from diluted shares2 2 
v3.26.1
Fair Value Measurements
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The Bancorp measures certain financial assets and liabilities at fair value in accordance with U.S. GAAP, which defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP also establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the instrument’s fair value measurement. For more information regarding the fair value hierarchy, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025.

Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables summarize assets and liabilities measured at fair value on a recurring basis as of:
Fair Value Measurements Using
March 31, 2026 ($ in millions)Level 1Level 2Level 3Total Fair Value
Assets:
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$3,454 — — 3,454 
Mortgage-backed securities:
Agency residential mortgage-backed securities— 14,594 — 14,594 
Agency commercial mortgage-backed securities— 22,238 — 22,238 
Non-agency commercial mortgage-backed securities— 2,751 — 2,751 
Asset-backed securities and other debt securities— 2,326 — 2,326 
Available-for-sale debt and other securities(a)
3,454 41,909 — 45,363 
Trading debt securities:
U.S. Treasury and federal agencies securities662 36 — 698 
Obligations of states and political subdivisions securities— 97 — 97 
Agency residential mortgage-backed securities— 50 — 50 
Asset-backed securities and other debt securities— 824 — 824 
Trading debt securities662 1,007 — 1,669 
Equity securities524 20 — 544 
Residential mortgage loans held for sale— 714 — 714 
Residential mortgage loans(b)
— — 105 105 
Servicing rights— — 1,583 1,583 
Derivative assets:
Interest rate contracts10 563 7 580 
Foreign exchange contracts— 553 — 553 
Commodity contracts156 2,041 — 2,197 
Derivative assets(c)
166 3,157 7 3,330 
Total assets$4,806 46,807 1,695 53,308 
Liabilities:
Derivative liabilities:
Interest rate contracts$1 726 10 737 
Foreign exchange contracts— 486 — 486 
Equity contracts— — 82 82 
Commodity contracts396 1,800 — 2,196 
Derivative liabilities(d)
397 3,012 92 3,501 
Short positions:
U.S. Treasury and federal agencies securities188 1 — 189 
Asset-backed securities and other debt securities— 156 — 156 
Equity securities44 — — 44 
Short positions(d)
232 157 — 389 
Total liabilities$629 3,169 92 3,890 
(a)Excludes FHLB, FRB and DTCC restricted stock holdings totaling $204, $591 and $3, respectively, at March 31, 2026.
(b)Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.
(c)Included in other assets in the Condensed Consolidated Balance Sheets.
(d)Included in other liabilities in the Condensed Consolidated Balance Sheets.
Fair Value Measurements Using
December 31, 2025 ($ in millions)Level 1Level 2Level 3Total Fair Value
Assets:
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$1,575 — — 1,575 
Mortgage-backed securities:
Agency residential mortgage-backed securities— 8,623 — 8,623 
Agency commercial mortgage-backed securities— 20,187 — 20,187 
Non-agency commercial mortgage-backed securities— 2,833 — 2,833 
Asset-backed securities and other debt securities— 2,267 — 2,267 
Available-for-sale debt and other securities(a)
1,575 33,910 — 35,485 
Trading debt securities:
U.S. Treasury and federal agencies securities482 12 — 494 
Obligations of states and political subdivisions securities— 63 — 63 
Agency residential mortgage-backed securities— 49 — 49 
Asset-backed securities and other debt securities— 451 — 451 
Trading debt securities482 575 — 1,057 
Equity securities436 17 — 453 
Residential mortgage loans held for sale— 658 — 658 
Residential mortgage loans(b)
— — 106 106 
Servicing rights— — 1,598 1,598 
Derivative assets:
Interest rate contracts1 457 5 463 
Foreign exchange contracts— 659 — 659 
Commodity contracts224 522 — 746 
Derivative assets(c)
225 1,638 5 1,868 
Total assets$2,718 36,798 1,709 41,225 
Liabilities:
Derivative liabilities:
Interest rate contracts$3 537 4 544 
Foreign exchange contracts— 628 — 628 
Equity contracts— — 124 124 
Commodity contracts35 703 — 738 
Derivative liabilities(d)
38 1,868 128 2,034 
Short positions:
U.S. Treasury and federal agencies securities82 3 — 85 
Asset-backed securities and other debt securities— 218 — 218 
Equity securities48 — — 48 
Short positions(d)
130 221 — 351 
Total liabilities$168 2,089 128 2,385 
(a)Excludes FHLB, FRB and DTCC restricted stock holdings totaling $167, $505 and $2, respectively, at December 31, 2025.
(b)Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.
(c)Included in other assets in the Condensed Consolidated Balance Sheets.
(d)Included in other liabilities in the Condensed Consolidated Balance Sheets.

For further information on the valuation methodologies used for significant instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, refer to Note 28 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025.
The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
For the three months ended March 31, 2026 ($ in millions)
Residential
Mortgage
Loans		Servicing
Rights
Interest Rate
Derivatives,
Net(a)
Equity
Derivatives		Total
Fair Value
Balance, beginning of period$106 1,598 1 (124)1,581 
Total (losses) gains (realized/unrealized):(b)(c)
 Included in earnings(1)(38)16 8 (15)
Purchases/originations/acquisitions— 23 (6)(5)12 
Settlements(2)— (14)39 23 
Transfers into Level 3(d)
2 — — — 2 
Balance, end of period$105 1,583 (3)(82)1,603 
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at March 31, 2026(c)
$(1)(17)7 8 (3)
(a)Net interest rate derivatives include derivative assets and liabilities of $7 and $10, respectively, as of March 31, 2026.
(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at March 31, 2026.
(c)Included in the following line items in the Condensed Consolidated Statements of Income: mortgage banking net revenue for residential mortgage loans and servicing rights, mortgage banking net revenue and capital markets fees for interest rate derivatives, and other noninterest income for equity derivatives.
(d)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.

For the three months ended March 31, 2025 ($ in millions)
Residential
Mortgage
Loans		Servicing
Rights
Interest Rate
Derivatives,
Net(a)
Equity
Derivatives		Total
Fair Value
Balance, beginning of period$108 1,704 (3)(170)1,639 
Total (losses) gains (realized/unrealized):(b)(c)
 Included in earnings2 (50)15 (18)(51)
Purchases/originations— 9 (1)— 8 
Settlements(3)— (11)15 1 
Transfers into Level 3(d)
2 — — — 2 
Balance, end of period$109 1,663 — (173)1,599 
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at March 31, 2025(c)
$2 (35)6 (18)(45)
(a)Net interest rate derivatives include $5 for both derivative assets and liabilities as of March 31, 2025.
(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at March 31, 2025.
(c)Included in the following line items in the Condensed Consolidated Statements of Income: mortgage banking net revenue for residential mortgage loans and servicing rights, mortgage banking net revenue and capital markets fees for interest rate derivatives, and other noninterest income for equity derivatives.
(d)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
The following tables present information as of March 31, 2026 and 2025 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a recurring basis:
As of March 31, 2026 ($ in millions)
Financial InstrumentFair ValueValuation
Technique		Significant
Unobservable Inputs		Range of Inputs
Weighted-Average
Residential mortgage loans$105 Loss rate modelInterest rate risk factor(52.0)-7.2%(10.1)%
(a)
Credit risk factor— -0.7%0.1 %
(a)
Servicing rights1,583 DCFPrepayment speed— -90.3%
(Fixed)
6.8 %
(b)
(Adjustable)
18.7 %
(b)
OAS (bps)335 -1,827
(Fixed)
431
(b)
(Adjustable)
711
(b)
IRLCs, net6 DCFLoan closing rates0.8 -98.8%84.9 %
(c)
Swap associated with the sale of Visa, Inc. Class B Shares(82)DCFTiming of the resolution
   of the Covered Litigation		Q1 2028-Q2 2029Q3 2028
(d)
(a)Unobservable inputs were weighted by the relative carrying value of the instruments.
(b)Unobservable inputs were weighted by the relative unpaid principal balance of the instruments.
(c)Unobservable inputs were weighted by the relative notional amount of the instruments.
(d)Unobservable inputs were weighted by the probability of the final funding date of the instruments.

As of March 31, 2025 ($ in millions)
Financial InstrumentFair ValueValuation
Technique		Significant
Unobservable Inputs		Range of InputsWeighted-Average
Residential mortgage loans$109 Loss rate modelInterest rate risk factor(51.9)-5.7 %(11.5)%
(a)
Credit risk factor— -0.7 %0.1 %
(a)
Servicing rights1,663 DCFPrepayment speed— -100.0 %(Fixed)6.3 %
(b)
(Adjustable)16.0 %
(b)
OAS (bps)335-1,821(Fixed)418
(b)
(Adjustable)725
(b)
IRLCs, net5 DCFLoan closing rates20.5 -96.0 %79.7 %
(c)
Swap associated with the sale of Visa, Inc. Class B Shares(173)DCFTiming of the resolution
   of the Covered Litigation		Q2 2027-Q1 2028Q4 2027
(d)
(a)Unobservable inputs were weighted by the relative carrying value of the instruments.
(b)Unobservable inputs were weighted by the relative unpaid principal balance of the instruments.
(c)Unobservable inputs were weighted by the relative notional amount of the instruments.
(d)Unobservable inputs were weighted by the probability of the final funding date of the instruments.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Certain assets and liabilities are measured at fair value on a nonrecurring basis. These assets and liabilities are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment.

The following tables provide the fair value hierarchy and carrying amount of all assets that were held as of March 31, 2026 and 2025, and for which a nonrecurring fair value adjustment was recorded during the three months ended March 31, 2026 and 2025, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period.
Fair Value Measurements UsingTotal Losses
As of March 31, 2026 ($ in millions)Level 1Level 2Level 3Total
For the three months ended March 31, 2026
Commercial loans and leases$— — 109 109 (17)
Consumer and residential mortgage loans— — 166 166 (3)
Bank premises and equipment— — 26 26 (23)
Total$— — 301 301 (43)
Fair Value Measurements UsingTotal (Losses) Gains
As of March 31, 2025 ($ in millions)Level 1Level 2Level 3Total
For the three months ended
 March 31, 2025
Commercial loans and leases$— — 261 261 (126)
Consumer and residential mortgage loans— — 145 145 (4)
OREO— — 4 4 1 
Private equity investments— 13 — 13 4 
Total$— 13 410 423 (125)

The following tables present information as of March 31, 2026 and 2025 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a nonrecurring basis:
As of March 31, 2026 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges of
Inputs		Weighted-Average
Commercial loans and leases$109 Appraised valueCollateral valueNMNM
Consumer and residential mortgage loans166 Appraised valueCollateral valueNMNM
Bank premises and equipment26 Appraised valueAppraised valueNMNM

As of March 31, 2025 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges of
Inputs		Weighted-Average
Commercial loans and leases$261 Appraised valueCollateral valueNMNM
Consumer and residential mortgage loans145 Appraised valueCollateral valueNMNM
OREO4 Appraised valueAppraised valueNMNM

For further information on the valuation methodologies used for certain assets measured at fair value on a nonrecurring basis, refer to Note 28 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025.

Private equity investments
The Bancorp accounts for its private equity investments using the measurement alternative to fair value, except for those accounted for under the equity method of accounting. Under the measurement alternative, the Bancorp carries each investment at its cost basis minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. The Bancorp did not recognize gains and recognized gains of $4 million during the three months ended March 31, 2026 and 2025, respectively, resulting from observable price changes. The carrying value of the Bancorp’s private equity investments still held as of March 31, 2026 includes a cumulative $23 million of positive adjustments as a result of observable price changes since January 1, 2018. Because these adjustments are based on observable transactions in inactive markets, they are classified in Level 2 of the fair value hierarchy.

The Bancorp did not recognize impairment charges on its private equity investments during both the three months ended March 31, 2026 and 2025. The carrying value of the Bancorp’s private equity investments still held as of March 31, 2026 includes a cumulative $15 million of impairment charges recognized since adoption of the measurement alternative to fair value on January 1, 2018.

Fair Value Option
The Bancorp elected to measure certain residential mortgage loans held for sale under the fair value option as allowed under U.S. GAAP. Electing to measure residential mortgage loans held for sale at fair value reduces certain timing differences and better matches changes in the value of these assets with changes in the value of derivatives used as economic hedges for these assets. Management’s intent to sell residential mortgage loans classified as held for sale may change over time due to such factors as changes in the overall liquidity in markets or changes in characteristics specific to certain loans held for sale. Consequently, these loans may be reclassified to loans held for investment and maintained in the Bancorp’s loan portfolio. In such cases, the loans will continue to be measured at fair value.

Fair value changes recognized in earnings for residential mortgage loans held at March 31, 2026 and 2025 for which the fair value option was elected included losses of $23 million and $2 million, respectively. These changes are reported in mortgage banking net revenue in the Condensed Consolidated Statements of Income.

Valuation adjustments related to instrument-specific credit risk for residential mortgage loans measured at fair value negatively impacted the fair value of those loans by an immaterial amount at both March 31, 2026 and December 31, 2025. Interest on loans measured at fair value is
accrued as it is earned using the effective interest method and is reported as interest income in the Condensed Consolidated Statements of Income.

The following table summarizes the fair value and the unpaid principal balance for residential mortgage loans measured at fair value as of:
March 31, 2026 ($ in millions)Aggregate
Fair Value		Aggregate Unpaid
Principal Balance
Residential mortgage loans measured at fair value$819 822 
Past due loans of 30-89 days1 1 
Past due loans of 90 days or more1 1 
Nonaccrual loans4 4 
December 31, 2025
Residential mortgage loans measured at fair value$764 758 
Past due loans of 30-89 days2 2 
Nonaccrual loans4 4 

Fair Value of Certain Financial Instruments
The following tables summarize the carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments measured at fair value on a recurring basis:
Net Carrying
Amount		Fair Value Measurements UsingTotal
Fair Value
As of March 31, 2026 ($ in millions)Level 1Level 2Level 3
Financial assets:
Cash and due from banks
$4,084 4,084 — — 4,084 
Other short-term investments17,456 17,456 — — 17,456 
Other securities798 — 798 — 798 
Held-to-maturity securities16,389 2,157 14,182 2 16,341 
Loans and leases held for sale651 — — 651 651 
Portfolio loans and leases:
Commercial loans and leases121,039 — — 122,758 122,758 
Consumer and residential mortgage loans52,184 — — 51,892 51,892 
Total portfolio loans and leases, net$173,223 — — 174,650 174,650 
Financial liabilities:
Deposits$233,621 — 233,691 — 233,691 
Short-term borrowings1,289 158 1,131 — 1,289 
Long-term debt18,763 11,694 7,315 — 19,009 

Net Carrying
Amount		Fair Value Measurements UsingTotal
Fair Value
As of December 31, 2025 ($ in millions)Level 1Level 2Level 3
Financial assets:
Cash and due from banks$3,499 3,499 — — 3,499 
Other short-term investments18,876 18,876 — — 18,876 
Other securities674 — 674 — 674 
Held-to-maturity securities11,368 2,457 8,945 2 11,404 
Loans and leases held for sale75 — — 75 75 
Portfolio loans and leases:
Commercial loans and leases72,376 — — 73,628 73,628 
Consumer and residential mortgage loans47,916 — — 47,724 47,724 
Total portfolio loans and leases, net$120,292 — — 121,352 121,352 
Financial liabilities:
Deposits$171,819 — 171,899 — 171,899 
Short-term borrowings926 226 700 — 926 
Long-term debt13,579 5,067 8,938 — 14,005 
v3.26.1
Business Segments
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Business Segments Business Segments
The Bancorp has three reportable segments: Commercial Banking, Consumer and Small Business Banking and Wealth and Asset Management. The Bancorp’s reportable segments have been determined based on its management structure and management accounting practices. This presentation is aligned with how results are reviewed internally by the Bancorp’s Chairman, Chief Executive Officer and President, which the Bancorp has determined to be its Chief Operating Decision Maker (“CODM”). For each of the Bancorp’s segments, the CODM primarily uses segment income before income taxes on an FTE basis to allocate resources such as employees and capital. The CODM also monitors trends in net interest income, noninterest income and noninterest expense to evaluate the financial performance of each segment and make resource allocation decisions. These decisions also consider segment-specific events and circumstances, general market conditions, forecasts and variances to annual budgets. Additionally, the CODM uses segment average assets as a measure to allocate resources to the segments.

The Bancorp manages interest rate risk centrally at the corporate level. By employing an FTP methodology, the segments are insulated from most benchmark interest rate volatility, enabling them to focus on serving customers through the origination of loans and acceptance of deposits. The FTP methodology assigns charge and credit rates to classes of assets and liabilities, respectively, based on the estimated amount and timing of the cash flows for each transaction. Assigning the FTP rate based on matching the duration of cash flows allocates interest income and interest expense to each segment so its resulting net interest income is insulated from future changes in benchmark interest rates. The Bancorp’s FTP methodology also allocates the contribution to net interest income of the asset-generating and deposit-providing businesses on a duration-adjusted basis to better attribute the driver of the performance. As the asset and liability durations are not perfectly matched, the residual impact of the FTP methodology is captured in General Corporate and Other. The charge and credit rates are determined using the FTP rate curve, which is based on an estimate of Fifth Third’s marginal borrowing cost in the wholesale funding markets. The FTP curve is constructed using the U.S. swap curve, brokered CD pricing and unsecured debt pricing.

The Bancorp adjusts the FTP charge and credit rates as dictated by changes in interest rates for various interest-earning assets and interest-bearing liabilities and by the review of behavioral assumptions, such as prepayment rates on interest-earning assets and the estimated durations for indeterminate-lived deposits. Key assumptions, including the credit rates provided for deposit accounts, are reviewed at a minimum, annually. Credit rates for deposit products and charge rates for loan products may be reset more frequently in response to changes in market conditions.

Refer to Note 31 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025 for additional information about the Bancorp’s FTP process and other allocation methodologies.

The following is a description of each of the Bancorp’s segments and the products and services they provide to their respective client bases.

Commercial Banking offers credit intermediation, cash management and financial services to large and middle-market businesses and government and professional customers. In addition to the traditional lending and depository offerings, Commercial Banking products and services include global cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing and syndicated finance.

Consumer and Small Business Banking provides a full range of deposit and loan products to individuals and small businesses through a network of full-service banking centers and relationships with indirect and correspondent loan originators in addition to providing products designed to meet the specific needs of small businesses, including cash management services. Consumer and Small Business Banking includes the Bancorp’s residential mortgage, home equity loans and lines of credit, credit cards, automobile and other indirect lending, solar energy installation and other consumer lending activities. Residential mortgage activities include the origination, retention and servicing of residential mortgage loans, sales and securitizations of those loans and all associated hedging activities. Indirect lending activities include extending loans to consumers through automobile dealers, recreational vehicle dealers and marine dealers. Solar energy installation loans and certain other consumer loans are originated through a network of contractors and installers.

Wealth and Asset Management provides a full range of wealth management solutions for individuals, companies and not-for-profit organizations, including wealth planning, investment management, banking, insurance, trust and estate services. These offerings include retail brokerage services for individual clients, advisory services for institutional clients including middle market businesses, non-profits, states and municipalities, and wealth management strategies and products for high net worth and ultra-high net worth clients.
The following tables present the results of operations and average assets by segment for the three months ended:
March 31, 2026 ($ in millions)Commercial
Banking		Consumer
and Small Business
Banking		Wealth
and Asset
Management
General
Corporate
and Other(d)
Total
Net interest income (FTE)(a)
$878 1,073 83 (95)1,939 
Provision for (benefit from) credit losses158 89 — (20)227 
Net interest income after provision for (benefit from) credit losses
$720 984 83 (75)1,712 
Noninterest income:

Wealth and asset management revenue$1 75 161 (4)233 
Commercial payments revenue191 30 2 (5)218 
Consumer banking revenue— 146 — — 146 
Capital markets fees135 1 — (2)134 
Commercial banking revenue103 1 1 — 105 
Mortgage banking net revenue— 44 — — 44 
Other noninterest income(b)
11 1 — 15 27 
Securities losses, net— — — (12)(12)
Total noninterest income$441 298 164 (8)895 
Noninterest expense:

Compensation and benefits$247 291 88 784 1,410 
Technology and communications6 11 3 184 204 
Net occupancy expense12 77 5 46 140 
Card and processing expense29 19 — 31 79 
Equipment expense8 19 — 28 55 
Marketing expense1 33 — 16 50 
Loan and lease expense13 22 1 6 42 
Other noninterest expense(c)
418 338 86 (427)415 
Total noninterest expense$734 810 183 668 2,395 
Income (loss) before income taxes (FTE)(a)
$427 472 64 (751)212 
Average assets$108,037 60,154 8,374 88,986 265,551 
(a)Includes FTE adjustments of $3 for Commercial Banking and $2 for General Corporate and Other.
(b)Includes impairment charges of $23 for bank premises and equipment recorded in General Corporate and Other. For more information, refer to Note 21.
(c)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(d)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.
March 31, 2025 ($ in millions)Commercial
Banking		Consumer
and Small Business
Banking		Wealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$552 975 49 (134)1,442 
Provision for credit losses80 84 — 10 174 
Net interest income after provision for credit losses$472 891 49 (144)1,268 
Noninterest income:

Wealth and asset management revenue$— 66 106 — 172 
Commercial payments revenue133 20 — — 153 
Consumer banking revenue— 135 1 1 137 
Capital markets fees90 — 1 (1)90 
Commercial banking revenue79 1 — — 80 
Mortgage banking net revenue— 57 — — 57 
Other noninterest income 6 2 1 5 14 
Securities losses, net(7)— — (2)(9)
Total noninterest income$301 281 109 3 694 
Noninterest expense:

Compensation and benefits$178 236 62 274 750 
Technology and communications3 7 — 113 123 
Net occupancy expense9 54 3 21 87 
Card and processing expense3 17 1 — 21 
Equipment expense8 16 — 18 42 
Marketing expense1 19 — 8 28 
Loan and lease expense7 18 — 5 30 
Other noninterest expense(b)
302 283 40 (402)223 
Total noninterest expense$511 650 106 37 1,304 
Income (loss) before income taxes (FTE)(a)
$262 522 52 (178)658 
Average assets$77,940 54,406 4,657 73,555 210,558 
(a)Includes FTE adjustments of $3 for Commercial Banking and $2 for General Corporate and Other.
(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Basis of Presentation (Policies)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation Basis of Presentation
The Condensed Consolidated Financial Statements include the accounts of the Bancorp and its majority-owned subsidiaries and VIEs in which the Bancorp has been determined to be the primary beneficiary. Other entities, including certain joint ventures in which the Bancorp has the ability to exercise significant influence over operating and financial policies of the investee, but upon which the Bancorp does not possess control, are accounted for by the equity method and not consolidated. The investments in those entities in which the Bancorp does not have the ability to exercise significant influence are generally carried at fair value unless the investment does not have a readily determinable fair value. The Bancorp accounts for equity investments without a readily determinable fair value using the measurement alternative to fair value, representing the cost of the investment minus any impairment recorded and plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer. Intercompany transactions and balances among consolidated entities have been eliminated.

In the opinion of management, the unaudited Condensed Consolidated Financial Statements include all adjustments, which consist of normal recurring accruals, necessary to present fairly the results for the periods presented. In accordance with U.S. GAAP and the rules and regulations of the SEC for interim financial information, these statements do not include certain information and footnote disclosures required for complete annual financial statements and it is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the Bancorp’s Annual Report on Form 10-K. The results of operations, comprehensive income, cash flows and changes in equity for the three months ended March 31, 2026 and 2025 are not necessarily indicative of the results to be expected for the full year. Financial information as of December 31, 2025 has been derived from the Bancorp’s Annual Report on Form 10-K.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Accounting and Reporting Developments
Standard Adopted in 2026
The Bancorp adopted the following new accounting standard during the three months ended March 31, 2026:

ASU 2025-08 – Financial Instrument – Credit Losses (Topic 326): Purchased Loans
In November 2025, the FASB issued ASU 2025-08, which modifies the accounting for purchased financial assets by expanding the gross-up approach for recognizing the estimate of expected credit losses to purchased seasoned loans, which includes non-purchased credit deteriorated loans (excluding credit cards and leases) purchased at least 90 days after origination and the acquirer was not involved in the origination, or loans acquired in a business combination. Upon acquisition, PSLs should be accounted for under the gross-up approach, which includes recognizing an allowance and an offsetting entry as an addition to the fair value of the loan, resulting in an initial amortized cost basis in an amount equal to the sum of the purchase price plus the ACL. The difference, if any, between the amortized cost basis (as adjusted for expected credit losses) and the unpaid principal balance is recognized as a noncredit discount or premium and accreted or amortized into interest income. The amended guidance largely eliminates the day 1 credit loss expense for non-PCD acquired financial assets. The amended guidance also introduces an accounting policy election for entities that use a method other than a discounted cash flow analysis to estimate credit losses on PSLs, which allows the use of the amortized cost basis rather than the unpaid principal balance when subsequently measuring the ACL, applied on an individual-acquisition basis. As permitted, the Bancorp early adopted the amended guidance and the related accounting policy election effective January 1, 2026, on a prospective basis. Refer to Note 4 for additional information.

Significant Accounting Standards Issued but Not Yet Adopted
The following significant accounting standards were issued but not yet adopted by the Bancorp as of March 31, 2026:

ASU 2024-03 – Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses
In November 2024, the FASB issued ASU 2024-03, which introduces new requirements to disclose additional information about certain types of expenses, including employee compensation, depreciation, intangible asset amortization and selling expenses. The amended guidance is effective for the Bancorp for the year ending December 31, 2027 and subsequent interim reporting periods beginning in 2028, with early adoption permitted, and is to be applied prospectively, with retrospective application permitted. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements.

ASU 2025-06 – Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software
In September 2025, the FASB issued ASU 2025-06, which modernizes the accounting for internal-use software by replacing the stage-based capitalization model with a principle-based framework. The amended guidance clarifies that capitalization begins when management authorizes funding and determines that it is probable the project will be completed and the software will be used as intended. The amended guidance is effective for the Bancorp on January 1, 2028 with early adoption permitted. The amendments should be applied on either a prospective, modified or retrospective basis. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements.

ASU 2025-07 – Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract
In September 2025, the FASB issued ASU 2025-07, which refines derivative accounting by introducing a scope exception for certain contracts with variables based on the specific operations or activities of one of the parties to the contract. The amended guidance also clarifies that share-based noncash consideration received from a customer in a revenue contract is initially accounted for under ASC 606, with other guidance applied only once the consideration becomes unconditional. The amended guidance is effective for the Bancorp on January 1, 2027, with early adoption permitted. The amendments should be applied on either a prospective or modified retrospective basis. The Bancorp does not expect the amended guidance to have a material impact on its Condensed Consolidated Financial Statements.

ASU 2025-09 – Derivatives and Hedging (Topic 815): Hedge Accounting Improvements
In November 2025, the FASB issued ASU 2025-09, which makes several amendments to existing guidance for hedge accounting. The amendments are intended to simplify the application of hedge accounting guidance in current U.S. GAAP, improve the alignment of financial reporting with an entity’s risk management strategies and enable the achievement and maintenance of hedge accounting for highly effective economic hedges of forecasted transactions. Among other things, the amendments include the expansion of hedged risks for groups of forecasted transactions in a cash flow hedge, introduction of a model for variable-rate debt with choose-your-rate debt features, expansion of hedge accounting for forecasted purchases and sales of nonfinancial assets, elimination of the net written option test for certain compound derivatives, and elimination of recognition and presentation mismatches involving foreign currency-denominated debt in dual hedge designations. The amended guidance is effective for the Bancorp on January 1, 2027, with early adoption permitted. The amendments should be applied on a prospective basis for all hedging relationships. The Bancorp may elect to adopt the amendments for hedging relationships that exist as of the date of adoption. The Bancorp does not expect the amended guidance to have a material impact on its Condensed Consolidated Financial Statements.
ASU 2025-11 – Interim Reporting (Topic 270): Narrow-Scope Improvements
In December 2025, the FASB issued ASU 2025-11, which clarifies interim disclosure requirements by providing a comprehensive list of disclosures that are required in interim periods. The amendments also introduce a disclosure principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The amended guidance is effective for the Bancorp on January 1, 2028, with early adoption permitted. The amendments should be applied on either a prospective or retrospective basis. The Bancorp is in the process of evaluating the impact of the amended guidance on its interim reporting.

Updates to Significant Accounting and Reporting Policies
In conjunction with the adoption of ASU 2025-08 on January 1, 2026, the Bancorp has updated its accounting and reporting policy for portfolio loans and leases as described below. Additionally, in conjunction with the acquisition of Comerica Incorporated on February 1, 2026, the Bancorp has updated its accounting and reporting policy for pension plans as described below. Refer to Note 1 of the Notes to Consolidated Financial Statements in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025 for discussion of these accounting and reporting policies for periods prior to January 1, 2026.

Portfolio Loans and Leases
Basis of accounting
Portfolio loans and leases are generally reported at the principal balance outstanding, net of unearned income, deferred direct loan origination fees and costs and any direct principal charge-offs. Direct loan origination fees and costs are deferred and the net amount is amortized over the contractual life or estimated life, if prepayments are estimated, of the related loans as a yield adjustment. Interest income is recognized based on the principal balance outstanding, computed using the effective interest method.

Loans and leases acquired by the Bancorp through a purchase or business combination are initially evaluated for classification as PCD. Acquired loans and leases (including both sales-type leases and direct financing leases) are classified as PCD when there is evidence of more than insignificant deterioration in credit quality since origination. Loans that do not meet the criteria to be classified as PCD, are evaluated to determine whether they qualify as PSLs. Loans are considered PSLs if they are acquired at least 90 days after origination and the Bancorp was not involved in the origination of the loan. Loans acquired in a business combination are automatically deemed PSLs. Excluded from the scope of PSLs are credit cards, debt securities, contract assets, trade receivables and leases.

At acquisition, PCD and PSLs are accounted for under the gross-up approach, which includes recognizing an allowance and an offsetting entry as an addition to the fair value of the loan, resulting in an initial amortized cost basis in an amount equal to the sum of the purchase price plus the ACL. The difference, if any, between the amortized cost basis (as adjusted for expected credit losses) and the unpaid principal balance is recognized as a noncredit discount or premium and accreted or amortized into interest income over the life of the loan as an adjustment to yield.

For acquired loans and finance leases that do not qualify as PCD or PSLs, the Bancorp does not carry over the acquired company’s ACL but upon acquisition will record an ACL and provision for credit losses reflective of credit losses expected to be incurred over the remaining contractual life of the acquired loans. Premiums and discounts reflected in the initial fair value are amortized into interest income over the life of the loan as an adjustment to yield.

The Bancorp’s lease portfolio consists of sales-type, direct financing and leveraged leases. Leases are classified as sales-type if the Bancorp transfers control of the underlying asset to the lessee. The Bancorp classifies leases that do not meet any of the criteria for a sales-type lease as a direct financing lease if the present value of the sum of the lease payments and any residual value guaranteed by the lessee and/or any other third party equals or exceeds substantially all of the fair value of the underlying asset and the collection of the lease payments and residual value guarantee is probable. Sales-type and direct financing leases are recorded at the aggregate of lease payments plus estimated residual value of the leased property, less unearned income. Interest income on sales-type and direct financing leases is recognized over the term of the lease to achieve a constant periodic rate of return on the outstanding investment.

Leveraged leases, entered into before January 1, 2019, are recorded at the aggregate of lease payments (less nonrecourse debt payments) plus estimated residual value of the leased property, less unearned income. Interest income on leveraged leases is recognized over the term of the lease to achieve a constant rate of return on the outstanding investment in the lease, net of the related deferred income tax liability, in the years in which the net investment is positive. Leveraged lease accounting is no longer applied for leases entered into or modified after the Bancorp’s adoption of ASU 2016-02, Leases, on January 1, 2019.

Pension Plans
The Bancorp uses a third-party actuary to assist in determining the projected obligations and annual costs of its defined benefit pension plans, which are dependent on assumptions of future events. These include demographic assumptions such as retirement age, mortality, the rate of compensation increases and the form of payment election, as well as market-based assumptions such as discount rates and expected returns on plan assets. Net periodic pension cost (or benefit) includes service cost, interest cost, expected returns on plan assets, the amortization of prior service cost (or credit) and the amortization of net actuarial gains (or losses). To determine the expected investment returns on plan assets, the Bancorp estimates expected long-term rates of return for classes of investments, which are then applied to a market-related value
of plan assets as of the measurement date. For fixed-income and private placement securities, the market-related value of plan assets is based on the fair value as of the measurement date. For other types of investments, the market-related value of plan assets at the measurement date is based on amortizing the difference between actual returns and expected returns over a period of up to five years. Amortization of the net gain or loss resulting from experience different from that assumed and from changes in assumptions (excluding asset gains and losses not yet reflected in market-related value) is included as a component of net periodic benefit cost. If, as of the beginning of the year, that net gain or loss exceeds 10% of the greater of the projected benefit obligation and the market-related value of plan assets, the amortization is that excess divided by the average remaining service period of participating employees expected to receive benefits under the plan. Service cost is included in compensation and benefits expense, while the other components of net periodic pension cost (or benefit) are included in other noninterest expense in the Condensed Consolidated Statements of Income. The Bancorp recognizes the overfunded or underfunded status of each plan in other assets and accrued taxes, interest and expenses, respectively, in the Condensed Consolidated Balance Sheets.
v3.26.1
Supplemental Cash Flow Information (Tables)
 3 Months Ended
Mar. 31, 2026
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]  
Noncash Investing and Financing Activities
Cash payments related to interest and income taxes in addition to non-cash investing and financing activities are presented in the following table for the three months ended March 31:
($ in millions)20262025
Cash Payments:
Interest$1,071 1,107 
Income taxes paid, net of refunds received9 (3)
Transfers:
Portfolio loans and leases to loans and leases held for sale$199 38 
Loans and leases held for sale to portfolio loans and leases2 2 
Portfolio loans and leases to OREO6 5 
Bank premises and equipment to OREO1 4 
Supplemental Disclosures:
Non-cash consideration transferred for the Comerica acquisition
$12,676 $—
v3.26.1
Business Combination (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination [Abstract]  
Schedule of Recognized Assets Acquired and Liabilities Assumed
The following table reflects total consideration transferred for Comerica’s net assets and the amounts of acquired identifiable assets and liabilities assumed at their preliminary estimated fair values as of the acquisition date:
($ in millions)
Purchase consideration
Fair value of common stock issued$12,056 
Fair value of preferred stock issued412 
Replacement of stock-based awards208 
Fair value of purchase consideration$12,676 
Net Identifiable Assets Acquired, at Fair Value:
Assets:
Cash and due from banks$740 
Other short-term investments11,242 
Available-for-sale debt and other securities7,243 
Held-to-maturity securities3,669 
Trading debt securities170 
Equity securities141 
Loans and leases held for sale1 
Portfolio loans and leases50,536 
Allowance for loan and lease losses(661)
Portfolio loans and leases, net49,875 
Bank premises and equipment526 
Intangible assets1,209 
Other assets5,954 
Total assets acquired$80,770 
Liabilities:
Deposits$65,189 
Accrued taxes, interest and expenses901 
Other liabilities1,494 
Long-term debt5,529 
Total liabilities assumed$73,113 
Net identifiable assets acquired$7,657 
Goodwill$5,019 
Schedule of Merger Related Nonrecurring Charges The table below summarizes the merger-related charges recorded in the Condensed Consolidated Statements of Income:
($ in millions)
For the three months ended March 31, 2026
Noninterest Expense
Compensation and benefits$427 
Technology and communications21 
Net occupancy expense25 
Card and processing expense30 
Equipment expense4 
Other noninterest expense128 
Total noninterest expense$635 
Noninterest Income
Other noninterest income (loss)(22)
Total noninterest income$(22)
Total merger-related charges$657 
Unaudited Pro Forma
The unaudited pro forma information does not necessarily reflect the results of operations that would have occurred had Fifth Third Bancorp acquired Comerica on January 1, 2025. Furthermore, cost savings and other business synergies related to the merger are not reflected in the unaudited pro forma amounts for the three months ended March 31, 2026 and 2025.
Unaudited Pro Forma Information
For the three months ended March 31,
($ in millions)20262025
Net interest income$2,133 2,058 
Noninterest income1,007 937 
Net income available to common shareholders762 52 
Schedule of Acquired Financing Receivables After Allowance For Credit Loss
The following table reflects the unpaid principal balance, fair value and initial amortized cost basis of acquired loans and leases as of:
February 1, 2026 ($ in millions)
PCDPSLOtherTotal
Fair value of acquired loans and leases$3,404 46,066 405 49,875 
Adjustments for expected credit losses(a)(b)
180 481 — 661 
Initial amortized cost basis of acquired loans and leases$3,584 46,547 405 50,536 
Unpaid principal balance of acquired loans and leases(a)
3,680 46,621 406 50,707 
Noncredit discount, net$(96)(74)(1)(171)
(a)The unpaid principal balance and adjustment for expected credit losses exclude net charge-offs of $94 which were taken immediately at the time of the Comerica acquisition.
(b)The initial ALLL on other acquired loans and leases was $8 and was recorded as provision for credit losses in the Bancorp’s Condensed Consolidated Statements of Income.
v3.26.1
Investment Securities (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Securities
The following tables provide the amortized cost, unrealized gains and losses and fair value for the major categories of the available-for-sale debt and other securities and held-to-maturity securities portfolios as of:
March 31, 2026 ($ in millions)Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$3,454 2 (2)3,454 
Mortgage-backed securities:
Agency residential mortgage-backed securities15,183 10 (599)14,594 
Agency commercial mortgage-backed securities24,403 3 (2,168)22,238 
Non-agency commercial mortgage-backed securities2,962 1 (212)2,751 
Asset-backed securities and other debt securities2,438 2 (114)2,326 
Other securities(a)
798 — — 798 
Total available-for-sale debt and other securities$49,238 18 (3,095)46,161 
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities$2,154 3 — 2,157 
Mortgage-backed securities:
Agency residential mortgage-backed securities5,612 11 (71)5,552 
Agency commercial mortgage-backed securities8,621 36 (27)8,630 
Asset-backed securities and other debt securities2 — — 2 
Total held-to-maturity securities$16,389 50 (98)16,341 
(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $204, $591 and $3, respectively, at March 31, 2026, that are carried at cost.
(b)The amortized cost basis includes a discount of $715 at March 31, 2026 pertaining to the remaining unamortized portion of unrealized losses on securities transferred to HTM.

December 31, 2025 ($ in millions)Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$1,575 — — 1,575 
Mortgage-backed securities:
Agency residential mortgage-backed securities9,138 18 (533)8,623 
Agency commercial mortgage-backed securities22,307 4 (2,124)20,187 
Non-agency commercial mortgage-backed securities3,032 1 (200)2,833 
Asset-backed securities and other debt securities2,381 2 (116)2,267 
Other securities(a)
674 — — 674 
Total available-for-sale debt and other securities$39,107 25 (2,973)36,159 
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities$2,438 19 — 2,457 
Mortgage-backed securities:
Agency residential mortgage-backed securities5,023 23 (44)5,002 
Agency commercial mortgage-backed securities3,905 43 (5)3,943 
Asset-backed securities and other debt securities2 — — 2 
Total held-to-maturity securities$11,368 85 (49)11,404 
(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $167, $505 and $2, respectively, at December 31, 2025, that are carried at cost.
(b)The amortized cost basis includes a discount of $742 at December 31, 2025 pertaining to the remaining unamortized portion of unrealized losses on securities transferred to HTM.

The following table provides the fair value of trading debt securities and equity securities as of:

($ in millions)		March 31,
2026		December 31,
2025
Trading debt securities$1,669 1,057 
Equity securities544 453 
Realized Gains and Losses Recognized in Income from Investment Securities
The following table presents the components of net securities losses and gains recognized in the Condensed Consolidated Statements of Income:
For the three months ended March 31,
($ in millions)20262025
Available-for-sale debt and other securities:
Realized gains$7 5 
Realized losses(7)(5)
Net losses on available-for-sale debt and other securities$— — 
Trading debt securities:
Net unrealized losses(1)— 
Net trading debt securities losses$(1)— 
Equity securities:
Net realized gains1 — 
Net unrealized losses(12)(9)
Net equity securities losses$(11)(9)
Total losses recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities(a)
$(12)(9)
(a)Excludes $3 and $4 of net securities gains for the three months ended March 31, 2026 and 2025, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These gains and losses are included in capital markets fees and wealth and asset management revenue in the Condensed Consolidated Statements of Income.
Contractual Maturity Schedule
The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of March 31, 2026 are shown in the following table:
($ in millions)Available-for-Sale Debt and OtherHeld-to-Maturity
Amortized CostFair ValueAmortized CostFair Value
Debt securities:(a)
Due in 1 year or less$4,010 3,986 308 308 
Due after 1 year through 5 years21,048 20,382 5,546 5,565 
Due after 5 years through 10 years19,350 17,447 10,350 10,279 
Due after 10 years4,032 3,548 185 189 
Other securities798 798 — — 
Total$49,238 46,161 16,389 16,341 
(a)Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.
Fair Value and Gross Unrealized Loss of Securities Available for Sale
The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of:
Less than 12 months12 months or moreTotal
March 31, 2026 ($ in millions)Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
U.S. Treasury and federal agencies securities$1,496 (2)— — 1,496 (2)
Agency residential mortgage-backed securities7,900 (50)4,469 (549)12,369 (599)
Agency commercial mortgage-backed securities1,973 (15)19,366 (2,153)21,339 (2,168)
Non-agency commercial mortgage-backed securities64 (1)2,598 (211)2,662 (212)
Asset-backed securities and other debt securities305 (4)1,762 (110)2,067 (114)
Total$11,738 (72)28,195 (3,023)39,933 (3,095)
December 31, 2025
U.S. Treasury and federal agencies securities$1,225 — — — 1,225 — 
Agency residential mortgage-backed securities1,454 (7)4,615 (526)6,069 (533)
Agency commercial mortgage-backed securities149 (1)19,826 (2,123)19,975 (2,124)
Non-agency commercial mortgage-backed securities1 — 2,695 (200)2,696 (200)
Asset-backed securities and other debt securities135 (1)1,893 (115)2,028 (116)
Total$2,964 (9)29,029 (2,964)31,993 (2,973)
v3.26.1
Loans and Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Loans and Leases Classified by Primary Purpose
The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of:

($ in millions)		March 31,
2026		December 31,
2025
Loans and leases held for sale:
Commercial and industrial loans$535 46 
Commercial mortgage loans49 29 
Commercial construction loans67 — 
Residential mortgage loans714 658 
Total loans and leases held for sale$1,365 733 
Portfolio loans and leases:
Commercial and industrial loans$83,864 52,749 
Commercial mortgage loans27,143 12,228 
Commercial construction loans8,329 5,316 
Commercial leases3,523 3,269 
Total commercial loans and leases$122,859 73,562 
Residential mortgage loans$19,507 17,652 
Home equity6,735 4,846 
Indirect secured consumer loans18,296 17,964 
Credit card1,658 1,747 
Solar energy installation loans4,465 4,560 
Other consumer loans2,730 2,320 
Total consumer loans$53,391 49,089 
Total portfolio loans and leases$176,250 122,651 
Summary of Net Charge-offs
The following table presents a summary of net charge-offs:
For the three months ended
March 31,
($ in millions)20262025
Commercial and industrial loans$69 52 
Commercial mortgage loans— 10 
Commercial leases— 2 
Indirect secured consumer loans24 21 
Credit card14 17 
Solar energy installation loans23 18 
Other consumer loans14 16 
Total net charge-offs(a)
$144 136 
(a)Excludes net charge-offs of $94 which were taken immediately at the time of the Comerica acquisition.
Summary of Income
The following table presents the income recognized related to leases where the Bancorp is the lessor:
($ in millions)Condensed Consolidated Statements of Income CaptionFor the three months ended
March 31,
20262025
Direct financing leasesInterest and fees on loans and leases$8 10 
Sales-type leasesInterest and fees on loans and leases31 26 
Operating leasesCommercial banking revenue21 20 
Summary of Income
The following table presents the income recognized related to leases where the Bancorp is the lessor:
($ in millions)Condensed Consolidated Statements of Income CaptionFor the three months ended
March 31,
20262025
Direct financing leasesInterest and fees on loans and leases$8 10 
Sales-type leasesInterest and fees on loans and leases31 26 
Operating leasesCommercial banking revenue21 20 
Summary of Income
The following table presents the income recognized related to leases where the Bancorp is the lessor:
($ in millions)Condensed Consolidated Statements of Income CaptionFor the three months ended
March 31,
20262025
Direct financing leasesInterest and fees on loans and leases$8 10 
Sales-type leasesInterest and fees on loans and leases31 26 
Operating leasesCommercial banking revenue21 20 
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Summary of Transactions in the ALLL
The following tables summarize transactions in the ALLL by portfolio segment:
For the three months ended March 31, 2026 ($ in millions)
Commercial		Residential
Mortgage
Consumer
Total
Balance, beginning of period$1,186 109 958 2,253 
Losses charged-off(a)(b)
(77)— (110)(187)
Recoveries of losses previously charged-off(a)(b)
8 — 35 43 
Provision for (benefit from) loan and lease losses60 (7)99 152 
Allowance on PCD loans and leases at acquisition177 2 1 180 
Allowance on PSLs at acquisition466 4 11 481 
Balance, end of period$1,820 108 994 2,922 
(a)The Bancorp recorded $4 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
(b)Excludes net charge-offs of $94 million which were taken immediately at the time of the Comerica acquisition.

For the three months ended March 31, 2025 ($ in millions)

Commercial
Residential
Mortgage

Consumer

Total
Balance, beginning of period$1,154 146 1,052 2,352 
Losses charged-off(a)
(67)— (106)(173)
Recoveries of losses previously charged-off(a)
3 — 34 37 
Provision for (benefit from) loan and lease losses151 (7)24 168 
Balance, end of period$1,241 139 1,004 2,384 
(a)The Bancorp recorded $6 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment The following tables provide a summary of the ALLL and related loans and leases, classified by portfolio segment:
As of March 31, 2026 ($ in millions)
Commercial		Residential
Mortgage
Consumer
Total
ALLL:(a)
Individually evaluated$147 — 14 161 
Collectively evaluated1,673 108 980 2,761 
Total ALLL$1,820 108 994 2,922 
Portfolio loans and leases:(b)
Individually evaluated$492 143 106 741 
Collectively evaluated122,367 19,259 33,778 175,404 
Total portfolio loans and leases$122,859 19,402 33,884 176,145 
(a)Includes $2 related to commercial leveraged leases at March 31, 2026.
(b)Excludes $105 of residential mortgage loans measured at fair value and includes $238 of commercial leveraged leases, net of unearned income, at March 31, 2026.
As of December 31, 2025 ($ in millions)

Commercial
Residential
Mortgage

Consumer

Total
ALLL:(a)
Individually evaluated$178 — 15 193 
Collectively evaluated1,008 109 943 2,060 
Total ALLL$1,186 109 958 2,253 
Portfolio loans and leases:(b)
Individually evaluated$367 143 105 615 
Collectively evaluated73,195 17,403 31,332 121,930 
Total portfolio loans and leases$73,562 17,546 31,437 122,545 
(a)Includes $2 related to commercial leveraged leases at December 31, 2025.
(b)Excludes $106 of residential mortgage loans measured at fair value and includes $243 of commercial leveraged leases, net of unearned income, at December 31, 2025.
Loan and Leases Balances by Credit Quality Indicator
The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk rating:
As of March 31, 2026 ($ in millions) Term Loans and Leases by Origination YearRevolving and Other Loans
20262025202420232022PriorTotal
Commercial and industrial loans:
Pass$2,119 6,563 4,063 1,833 2,679 2,321 59,357 78,935 
Special mention27 95 135 62 58 46 1,354 1,777 
Substandard15 52 243 159 184 158 2,251 3,062 
Doubtful— — 1 — — — 89 90 
Total commercial and industrial loans$2,161 6,710 4,442 2,054 2,921 2,525 63,051 83,864 
Commercial mortgage owner-occupied loans:

Pass$583 1,843 1,109 1,060 1,395 2,099 3,228 11,317 
Special mention7 100 10 47 59 113 78 414 
Substandard6 126 55 61 70 75 136 529 
Doubtful— — — — — — — — 
Total commercial mortgage owner-occupied loans$596 2,069 1,174 1,168 1,524 2,287 3,442 12,260 
Commercial mortgage nonowner-occupied loans:

Pass$193 1,478 933 846 1,100 1,381 7,869 13,800 
Special mention5 1 21 5 11 24 373 440 
Substandard23 20 66 19 53 5 457 643 
Doubtful— — — — — — — — 
Total commercial mortgage nonowner-occupied loans$221 1,499 1,020 870 1,164 1,410 8,699 14,883 
Commercial construction loans:

Pass$— 37 — — — 27 7,267 7,331 
Special mention— — — 60 — — 538 598 
Substandard— — — — — — 400 400 
Doubtful— — — — — — — — 
Total commercial construction loans$— 37 — 60 — 27 8,205 8,329 
Commercial leases:

Pass$451 1,152 814 262 176 594 — 3,449 
Special mention— 5 22 — — — — 27 
Substandard8 3 14 12 3 7 — 47 
Doubtful— — — — — — — — 
Total commercial leases$459 1,160 850 274 179 601 — 3,523 
Total commercial loans and leases:
Pass$3,346 11,073 6,919 4,001 5,350 6,422 77,721 114,832 
Special mention39 201 188 174 128 183 2,343 3,256 
Substandard52 201 378 251 310 245 3,244 4,681 
Doubtful— — 1 — — — 89 90 
Total commercial loans and leases$3,437 11,475 7,486 4,426 5,788 6,850 83,397 122,859 
As of December 31, 2025 ($ in millions) Term Loans and Leases by Origination YearRevolving and Other Loans
20252024202320222021PriorTotal
Commercial and industrial loans:
Pass$3,359 2,040 861 1,829 832 553 40,015 49,489 
Special mention23 51 10 7 13 10 839 953 
Substandard57 89 92 138 42 28 1,743 2,189 
Doubtful— 1 — — 6 — 111 118 
Total commercial and industrial loans$3,439 2,181 963 1,974 893 591 42,708 52,749 
Commercial mortgage owner-occupied loans:
Pass$1,136 615 572 648 537 406 1,712 5,626 
Special mention24 4 28 16 14 3 72 161 
Substandard69 44 38 33 27 12 132 355 
Doubtful— — — — — — — — 
Total commercial mortgage owner-occupied loans$1,229 663 638 697 578 421 1,916 6,142 
Commercial mortgage nonowner-occupied loans:
Pass$824 542 486 638 109 419 2,628 5,646 
Special mention1 — — 19 — — 111 131 
Substandard20 63 16 42 — 24 144 309 
Doubtful— — — — — — — — 
Total commercial mortgage nonowner-occupied loans$845 605 502 699 109 443 2,883 6,086 
Commercial construction loans:
Pass$44 — — — 27 — 4,404 4,475 
Special mention— — — — — — 548 548 
Substandard— — — — — — 293 293 
Doubtful— — — — — — — — 
Total commercial construction loans$44 — — — 27 — 5,245 5,316 
Commercial leases:
Pass$1,255 858 266 198 173 472 — 3,222 
Special mention2 6 — — 1 — — 9 
Substandard1 15 11 3 5 3 — 38 
Doubtful— — — — — — — — 
Total commercial leases$1,258 879 277 201 179 475 — 3,269 
Total commercial loans and leases:
Pass$6,618 4,055 2,185 3,313 1,678 1,850 48,759 68,458 
Special mention50 61 38 42 28 13 1,570 1,802 
Substandard147 211 157 216 74 67 2,312 3,184 
Doubtful— 1 — — 6 — 111 118 
Total commercial loans and leases$6,815 4,328 2,380 3,571 1,786 1,930 52,752 73,562 

The following tables summarize the Bancorp’s gross charge-offs within the commercial portfolio segment, by class and vintage:
For the three months ended March 31, 2026
($ in millions)
Term Loans and Leases by Origination YearRevolving and Other Loans
20262025202420232022PriorTotal
Commercial loans and leases:
Commercial and industrial loans$— 1 — — — 6 70 77 
Commercial mortgage owner-occupied loans— — — — — — — — 
Commercial leases— — — — — — — — 
Total commercial loans and leases$— 1 — — — 6 70 77 
For the three months ended March 31, 2025
($ in millions)
Term Loans and Leases by Origination YearRevolving and Other Loans
20252024202320222021PriorTotal
Commercial loans and leases:
Commercial and industrial loans$— 6 4 1 — — 43 54 
Commercial mortgage owner-occupied loans— — — — — 11 — 11 
Commercial leases— — — — — 2 — 2 
Total commercial loans and leases$— 6 4 1 — 13 43 67 
The following tables present the amortized cost basis of the Bancorp’s residential mortgage and consumer portfolio segments, by class and vintage, disaggregated by both delinquency and performing versus nonperforming status:
As of March 31, 2026 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20262025202420232022PriorTotal
Residential mortgage loans:
Performing:
Current(a)
$390 2,205 2,116 1,073 2,841 10,581 — — 19,206 
30-89 days past due— 1 8 1 2 18 — — 30 
90 days or more past due— — 1 — 1 4 — — 6 
Nonperforming— — 4 8 15 133 — — 160 
Total residential mortgage loans(b)
$390 2,206 2,129 1,082 2,859 10,736 — — 19,402 
Home equity:

Performing:

Current$38 188 129 46 26 72 5,933 166 6,598 
30-89 days past due— — — — — 1 30 2 33 
90 days or more past due— — — — — — — — — 
Nonperforming— — — 1 — 6 90 7 104 
Total home equity$38 188 129 47 26 79 6,053 175 6,735 
Indirect secured consumer loans:

Performing:









Current$2,362 7,032 3,915 1,687 1,791 1,340 — — 18,127 
30-89 days past due1 24 23 20 25 18 — — 111 
90 days or more past due— — — — — — — — — 
Nonperforming— 7 10 12 16 13 — — 58 
Total indirect secured consumer loans$2,363 7,063 3,948 1,719 1,832 1,371 — — 18,296 
Credit card:

Performing:
Current$— — — — — — 1,595 — 1,595 
30-89 days past due— — — — — — 16 — 16 
90 days or more past due— — — — — — 17 — 17 
Nonperforming— — — — — — 30 — 30 
Total credit card$— — — — — — 1,658 — 1,658 
Solar energy installation loans:

Performing:
Current$57 761 690 1,870 1,007 29 — — 4,414 
30-89 days past due— 2 4 12 7 — — — 25 
90 days or more past due— — — — — — — — — 
Nonperforming3 5 2 10 6 — — — 26 
Total solar energy installation loans$60 768 696 1,892 1,020 29 — — 4,465 
Other consumer loans:

Performing:

Current$97 315 168 270 391 523 923 21 2,708 
30-89 days past due— 3 2 2 7 3 — — 17 
90 days or more past due— — — — — — — — — 
Nonperforming1 — — 1 2 1 — — 5 
Total other consumer loans$98 318 170 273 400 527 923 21 2,730 
Total residential mortgage and consumer loans:
Performing:
Current$2,944 10,501 7,018 4,946 6,056 12,545 8,451 187 52,648 
30-89 days past due1 30 37 35 41 40 46 2 232 
90 days or more past due— — 1 — 1 4 17 — 23 
Nonperforming4 12 16 32 39 153 120 7 383 
Total residential mortgage and consumer loans(b)
$2,949 10,543 7,072 5,013 6,137 12,742 8,634 196 53,286 
(a)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of March 31, 2026, $63 of these loans were 30-89 days past due and $233 were 90 days or more past due. The Bancorp recognized losses of an immaterial amount during the three months ended March 31, 2026 due to claim denials and curtailments associated with these insured or guaranteed loans.
(b)Excludes $105 of residential mortgage loans measured at fair value at March 31, 2026, including $1 of 30-89 days past due loans, $1 of 90 days or more past due loans and $4 of nonperforming loans.
As of December 31, 2025 ($ in millions) Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20252024202320222021PriorTotal
Residential mortgage loans:
Performing:
Current(a)
$1,871 2,047 897 2,649 4,095 5,800 — — 17,359 
30-89 days past due— 4 2 3 8 15 — — 32 
90 days or more past due— 2 1 — 3 4 — — 10 
Nonperforming— 3 7 14 17 104 — — 145 
Total residential mortgage loans(b)
$1,871 2,056 907 2,666 4,123 5,923 — — 17,546 
Home equity:
Performing:
Current$194 137 50 27 1 76 4,182 83 4,750 
30-89 days past due— — — — — 1 23 1 25 
90 days or more past due— — — — — — — — — 
Nonperforming— — 1 — — 5 61 4 71 
Total home equity$194 137 51 27 1 82 4,266 88 4,846 
Indirect secured consumer loans:
Performing:
Current$7,854 4,387 1,881 2,004 1,213 435 — — 17,774 
30-89 days past due23 26 24 31 17 8 — — 129 
90 days or more past due— — — — — — — — — 
Nonperforming4 10 12 19 11 5 — — 61 
Total indirect secured consumer loans$7,881 4,423 1,917 2,054 1,241 448 — — 17,964 
Credit card:
Performing:
Current$— — — — — — 1,683 — 1,683 
30-89 days past due— — — — — — 18 — 18 
90 days or more past due— — — — — — 17 — 17 
Nonperforming— — — — — — 29 — 29 
Total credit card$— — — — — — 1,747 — 1,747 
Solar energy installation loans:

Performing:
Current$814 724 1,914 1,030 1 29 — — 4,512 
30-89 days past due1 4 14 7 — — — — 26 
90 days or more past due— — — — — — — — — 
Nonperforming1 2 11 7 — 1 — — 22 
Total solar energy installation loans$816 730 1,939 1,044 1 30 — — 4,560 
Other consumer loans:
Performing:
Current$248 104 245 377 139 204 957 22 2,296 
30-89 days past due1 1 3 5 2 2 1 1 16 
90 days or more past due— — — — — — — — — 
Nonperforming— — 2 3 — — 2 1 8 
Total other consumer loans$249 105 250 385 141 206 960 24 2,320 
Total residential mortgage and consumer loans:
Performing:
Current$10,981 7,399 4,987 6,087 5,449 6,544 6,822 105 48,374 
30-89 days past due25 35 43 46 27 26 42 2 246 
90 days or more past due— 2 1 — 3 4 17 — 27 
Nonperforming5 15 33 43 28 115 92 5 336 
Total residential mortgage and consumer loans(b)
$11,011 7,451 5,064 6,176 5,507 6,689 6,973 112 48,983 
(a)Information includes advances made pursuant to servicing agreements for GNMA mortgage pools whose repayments are insured by the FHA or guaranteed by the VA. As of December 31, 2025, $83 of these loans were 30-89 days past due and $195 were 90 days or more past due. The Bancorp recognized an immaterial amount of losses during the three months ended March 31, 2025 due to claim denials and curtailments associated with these insured or guaranteed loans.
(b)Excludes $106 of residential mortgage loans measured at fair value at December 31, 2025, including $2 of 30-89 days past due loans and $4 of nonperforming loans.
The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage:
For the three months ended March 31, 2026
($ in millions)
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20262025202420232022PriorTotal
Consumer loans:
Home equity$— — — — — — 2 — 2 
Indirect secured consumer loans— 7 8 8 12 5 — — 40 
Credit card— — — — — — 19 — 19 
Solar energy installation loans— 2 4 13 7 — — — 26 
Other consumer loans— 1 1 3 5 4 9 — 23 
Total residential mortgage and consumer loans$— 10 13 24 24 9 30 — 110 

For the three months ended March 31, 2025
($ in millions)
Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20252024202320222021PriorTotal
Consumer loans:
Home equity$— — — — — — 2 — 2 
Indirect secured consumer loans— 6 11 12 4 3 — — 36 
Credit card— — — — — — 22 — 22 
Solar energy installation loans— 3 11 7 — — — — 21 
Other consumer loans— 1 4 7 2 3 8 — 25 
Total residential mortgage and consumer loans$— 10 26 26 6 6 32 — 106 
Financing Receivable, Past Due
The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class:
Current
Loans and
Leases(a)
Past DueTotal Loans
and Leases		90 Days Past
Due and Still
Accruing
As of March 31, 2026 ($ in millions)
30-89
Days(a)
90 Days
or More(a)
Total
Past Due
Commercial loans and leases:
Commercial and industrial loans$83,403 322 139 461 83,864 3 
Commercial mortgage owner-occupied loans12,193 58 9 67 12,260 — 
Commercial mortgage nonowner-occupied loans14,788 71 24 95 14,883 19 
Commercial construction loans8,280 47 2 49 8,329 2 
Commercial leases3,516 6 1 7 3,523 1 
Total portfolio commercial loans and leases$122,180 504 175 679 122,859 25 
(a)Includes accrual and nonaccrual loans and leases.

Current
Loans and
Leases(a)
Past DueTotal Loans
and Leases		90 Days Past
Due and Still
Accruing
As of December 31, 2025 ($ in millions)
30-89
Days(a)
90 Days
or More(a)
Total
Past Due
Commercial loans and leases:
Commercial and industrial loans$52,481 173 95 268 52,749 2 
Commercial mortgage owner-occupied loans6,127 3 12 15 6,142 — 
Commercial mortgage nonowner-occupied loans6,083 1 2 3 6,086 — 
Commercial construction loans5,315 — 1 1 5,316 1 
Commercial leases3,258 11 — 11 3,269 — 
Total portfolio commercial loans and leases$73,264 188 110 298 73,562 3 
(a)Includes accrual and nonaccrual loans and leases.
Summary of the Amortized Cost Basis of the Bancorp's Collateral Dependent Loans
The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of:
($ in millions)March 31,
2026		December 31,
2025
Commercial loans and leases:
Commercial and industrial loans$350 322 
Commercial mortgage owner-occupied loans68 19 
Commercial mortgage nonowner-occupied loans12 5 
Commercial construction loans62 — 
Total commercial loans and leases$492 346 
Residential mortgage loans143 143 
Consumer loans:
Home equity70 70 
Indirect secured consumer loans36 35 
Total consumer loans$106 105 
Total portfolio loans and leases$741 594 
Summary of the Bancorp's Nonperforming Loans and Leases by Class
The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property as of:
March 31, 2026December 31, 2025
 ($ in millions)With an ALLLNo Related
ALLL		TotalWith an ALLLNo Related
ALLL		Total
Commercial loans and leases:
Commercial and industrial loans$366 51 417 350 43 393 
Commercial mortgage owner-occupied loans50 30 80 16 13 29 
Commercial mortgage nonowner-occupied loans12 2 14 5 — 5 
Commercial construction loans— 62 62 — — — 
Total nonaccrual portfolio commercial loans and leases$428 145 573 371 56 427 
Residential mortgage loans84 80 164 69 80 149 
Consumer loans:
Home equity53 51 104 23 48 71 
Indirect secured consumer loans49 9 58 52 9 61 
Credit card30 — 30 29 — 29 
Solar energy installation loans26 — 26 22 — 22 
Other consumer loans5 — 5 8 — 8 
Total nonaccrual portfolio consumer loans$163 60 223 134 57 191 
Total nonaccrual portfolio loans and leases(a)(b)
$675 285 960 574 193 767 
OREO and other repossessed property— 39 39 — 30 30 
Total nonperforming portfolio assets(a)(b)
$675 324 999 574 223 797 
(a)Excludes $141 and $70 of nonaccrual loans held for sale as of March 31, 2026 and December 31, 2025, respectively.
(b)Includes $38 and $21 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of March 31, 2026 and December 31, 2025, respectively.
Summary of Loan Modifications
The following tables present the amortized cost basis as of March 31, 2026 and 2025 of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification:
For the three months ended March 31, 2026
($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$258 12 — 19 289 0.34 
Commercial mortgage owner-occupied loans9 — — — 9 0.07 
Commercial mortgage nonowner-occupied loans3 1 — — 4 0.03 
Commercial construction loans32 — — — 32 0.38 
Total commercial portfolio loans$302 13 — 19 334 0.28 

For the three months ended March 31, 2025
($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$50 6 65 — 121 0.23 
Commercial mortgage owner-occupied loans5 24 — — 29 0.47 
Commercial mortgage nonowner-occupied loans24 — — — 24 0.39 
Commercial construction loans8 — 42 — 50 0.84 
Total commercial portfolio loans$87 30 107 — 224 0.31 
The following table presents the financial effects of the Bancorp’s significant types of commercial portfolio loan modifications to borrowers experiencing financial difficulty, by portfolio class:
For the three months ended
March 31,
Financial Effects20262025
Commercial and industrial loansWeighted-average length of term extensions8 months6 months
Weighted-average length of payment delay4 months4 months
Commercial mortgage owner-occupied loansWeighted-average length of term extensions3 months9 months
Weighted-average length of payment delayN/A10 months
Commercial mortgage nonowner-occupied loansWeighted-average length of term extensions11 months4 months
Weighted-average length of payment delay3 monthsN/A
Commercial construction loansWeighted-average length of term extensions9 months13 months
Weighted-average length of payment delayN/A7 months
The following table presents the amortized cost basis as of March 31, 2026 and 2025 of the Bancorp’s residential mortgage portfolio loans that were modified for borrowers experiencing financial difficulty, by type of modification:
March 31, 2026March 31, 2025
For the three months ended ($ in millions)Total% of Total ClassTotal% of Total Class
Term extension and payment delay$10 0.05 $16 0.09 
Term extension, interest rate reduction and payment delay6 0.03 2 0.01 
Total residential mortgage portfolio loans$16 0.08 $18 0.10 
The following tables present the amortized cost basis as of March 31, 2026 and 2025 of the Bancorp’s consumer portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification:
For the three months ended March 31, 2026 ($ in millions)
Interest Rate ReductionPayment DelayOtherTotal% of Total Class
Home equity$— — 5 5 0.07 
Credit card6 — — 6 0.36 
Solar energy installation loans— — — — — 
Other consumer loans— 1 — 1 0.04 
Total consumer portfolio loans$6 1 5 12 0.04 

For the three months ended March 31, 2025 ($ in millions)
Interest Rate ReductionPayment DelayOtherTotal% of Total Class
Home equity$1 — 3 4 0.09 
Credit card6 — — 6 0.36 
Solar energy installation loans— 1 — 1 0.02 
Other consumer loans— 1 — 1 0.04 
Total consumer portfolio loans$7 2 3 12 0.04 
Financing Receivable, Modified, Past Due
The following tables present the amortized cost basis as of March 31, 2026 and 2025 for the Bancorp’s commercial portfolio loans that were modified during the twelve months ended March 31, 2026 and 2025, respectively, for borrowers experiencing financial difficulty, by age and portfolio class:
March 31, 2026 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial and industrial loans$361 11 27 399 
Commercial mortgage owner-occupied loans39 — — 39 
Commercial mortgage nonowner-occupied loans88 1 — 89 
Commercial construction loans69 31 — 100 
Total commercial portfolio loans$557 43 27 627 
March 31, 2025 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial and industrial loans$213 6 33 252 
Commercial mortgage owner-occupied loans66 — 24 90 
Commercial mortgage nonowner-occupied loans72 — — 72 
Commercial construction loans107 1 — 108 
Total commercial portfolio loans$458 7 57 522 
Summary of Amortized Cost Basis of Modifications to Borrowers Experiencing Financial Difficulty That Subsequently Defaulted and Were Within Twelve Months of the Modification Date The following tables present the amortized cost basis of commercial portfolio loans as of March 31, 2026 and 2025 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the three months ended March 31, 2026 and 2025, respectively, and were within twelve months of the modification date:
March 31, 2026 ($ in millions)
Term ExtensionPayment DelayTerm Extension and Payment DelayTotal
Commercial and industrial loans$23 — — 23 
Commercial mortgage owner-occupied loans— — — — 
Total commercial portfolio loans$23 — — 23 

March 31, 2025 ($ in millions)
Term ExtensionPayment DelayTerm Extension and Payment DelayTotal
Commercial and industrial loans$— 11 6 17 
Commercial mortgage owner-occupied loans— — 24 24 
Total commercial portfolio loans$— 11 30 41 
v3.26.1
Goodwill (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the Net Carrying Amount of Goodwill by Reporting Segment
Changes in the net carrying amount of goodwill, by reporting unit, for the three months ended March 31, 2026 and the year ended December 31, 2025 were as follows:
($ in millions)Commercial
Banking		Consumer and Small Business
Banking		Wealth
and Asset
Management		General
Corporate
and Other		Total
Goodwill$3,074 2,584 225 — 5,883 
Accumulated impairment losses(750)(215)— — (965)
Net carrying value as of December 31, 20242,324 2,369 225 — 4,918 
Acquisition activity29 — — — 29 
Reallocation of goodwill(73)73 — — — 
Net carrying value as of December 31, 20252,280 2,442 225 — 4,947 
Acquisition activity— — — 5,019 5,019 
Net carrying value as of March 31, 2026$2,280 2,442 225 5,019 9,966 
v3.26.1
Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets
The details of the Bancorp’s intangible assets are shown in the following table:

($ in millions)		Gross Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
As of March 31, 2026
Core deposit intangibles$1,415 (243)1,172 
Developed technology114 (72)42 
Customer relationships28 (12)16 
Other13 (10)3 
Total intangible assets$1,570 (337)1,233 
As of December 31, 2025

Core deposit intangibles$206 (203)3 
Developed technology114 (67)47 
Customer relationships28 (12)16 
Other13 (10)3 
Total intangible assets$361 (292)69 
Estimated Amortization Expense
Estimated amortization expense for the remainder of 2026 through 2031 is as follows:
($ in millions)Total
Remainder of 2026$189 
2027222 
2028194 
2029167 
2030137 
2031113 
v3.26.1
Variable Interest Entities (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Consolidation of VIEs The following table provides a summary of assets and liabilities recorded on the Condensed Consolidated Balance Sheets for these consolidated VIEs as of:
($ in millions)March 31,
2026		December 31,
2025
Assets:
Other short-term investments$38 38 
Indirect secured consumer loans437 526 
Solar energy installation loans26 28 
ALLL(8)(9)
Other assets3 3 
Total assets$496 586 
Liabilities:
Other liabilities$10 11 
Long-term debt391 473 
Total liabilities$401 484 
Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses
The following tables provide a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets related to non-consolidated VIEs for which the Bancorp holds an interest, but is not the primary beneficiary of the VIE, as well as the Bancorp’s maximum exposure to losses associated with its interests in the entities as of:
March 31, 2026 ($ in millions)Total
Assets		Total
Liabilities		Maximum
Exposure
CDC investments$3,002 988 3,051 
Private equity investments350 — 677 
Loans provided to VIEs4,205 — 7,737 
Lease pool entities18 — 18 
Solar loan securitizations7 — 7 
December 31, 2025 ($ in millions)Total
Assets		Total
Liabilities		Maximum
Exposure
CDC investments$2,293 714 2,345 
Private equity investments330 — 640 
Loans provided to VIEs4,340 — 7,738 
Lease pool entities20 — 20 
Solar loan securitizations7 — 7 
Schedule of Investments, Proportional Amortization Method
The following table summarizes the impacts to the Condensed Consolidated Statements of Income related to the Bancorp’s tax credit program investments:
Condensed Consolidated
Statements of Income Caption(a)
For the three months ended March 31,
($ in millions)20262025
Proportional amortizationApplicable income tax expense$20 47 
Tax credits and other benefits(b)(c)
Applicable income tax expense(24)(56)
Changes in carrying amounts of equity method investments(c)
Other noninterest expense 2 2 
(a)The Bancorp did not recognize impairment losses resulting from the forfeiture or ineligibility of tax credits or other circumstances during both the three months ended March 31, 2026 and 2025.
(b)The related cash flows are classified as operating activities in the Condensed Consolidated Statements of Cash Flows primarily in net change in other assets.
(c)Includes amounts for tax credit program investments which were accounted for under the equity method as they did not meet the qualification criteria for the proportional amortization method.
v3.26.1
Sales of Receivables and Servicing Rights (Tables)
 3 Months Ended
Mar. 31, 2026
Transfers and Servicing [Abstract]  
Activity Related to Mortgage Banking Net Revenue
Information related to residential mortgage loan sales and the Bancorp’s mortgage banking activity, which is included in mortgage banking net revenue in the Condensed Consolidated Statements of Income, is as follows:
For the three months ended
March 31,
($ in millions)20262025
Residential mortgage loan sales(a)
$1,281 1,003 
Origination fees and gains on loan sales23 14 
Gross mortgage servicing fees70 74 
(a)Represents the unpaid principal balance at the time of the sale.
Changes in Servicing Assets The following table presents changes in the servicing rights related to residential mortgage loans for the three months ended March 31:
($ in millions)20262025
Balance, beginning of period$1,598 1,704 
Servicing rights originated23 9 
Changes in fair value:
Due to changes in inputs or assumptions(a)
1 (16)
Other changes in fair value(b)
(39)(34)
Balance, end of period$1,583 1,663 
(a)Primarily reflects changes in prepayment speed and OAS assumptions which are updated based on market interest rates.
(b)Primarily reflects changes due to realized cash flows and the passage of time.
Servicing Assets and Residual Interests Economic Assumptions
The key economic assumptions used in measuring the servicing rights related to residential mortgage loans that continued to be held by the Bancorp at the date of sale, securitization or purchase resulting from transactions completed during the three months ended March 31, 2026 and 2025 were as follows:
March 31, 2026March 31, 2025
Weighted-
Average Life
(in years)		Prepayment
Speed
(annual)		OAS
(bps)		Weighted-
Average Life
(in years)		Prepayment
Speed
(annual)		OAS
(bps)
Fixed-rate7.710.8 %6657.410.7  %483
Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions
At March 31, 2026, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows:
($ in millions)(a)
Prepayment Speed AssumptionOAS Assumption
Fair ValueWeighted-
Average Life
(in years)		Impact of Adverse Change
on Fair Value		OAS
(bps)		Impact of Adverse Change on Fair Value
Rate10%20%50%10%20%
Fixed-rate$1,580 8.06.8 %$(37)(72)(168)431$(31)(64)
Adjustable-rate3 4.418.7 — (1)(2)711— (1)
(a)The impact of the weighted-average default rate on the current fair value of residual cash flows for all scenarios is immaterial.
v3.26.1
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of:
Fair Value
March 31, 2026 ($ in millions)Notional
Amount		Derivative
Assets		Derivative
Liabilities
Derivatives Designated as Qualifying Hedging Instruments:
Fair value hedges:
Interest rate swaps related to long-term debt$6,105 1 12 
Total fair value hedges1 12 
Cash flow hedges:
Interest rate swaps related to C&I loans6,850 — 2 
Interest rate swaps related to commercial mortgage and commercial construction loans4,000 1 — 
Total cash flow hedges1 2 
Total derivatives designated as qualifying hedging instruments2 14 
Derivatives Not Designated as Qualifying Hedging Instruments:
Free-standing derivatives – risk management and other business purposes:
Interest rate contracts related to MSR portfolio4,105 7 9 
Forward contracts related to residential mortgage loans measured at fair value(a)
1,382 11 2 
Swap associated with the sale of Visa, Inc. Class B Shares2,480 — 82 
Foreign exchange contracts500 10 — 
Other80 — — 
Total free-standing derivatives – risk management and other business purposes
28 93 
Free-standing derivatives – customer accommodation:
Interest rate contracts(b)
102,255 553 711 
Interest rate lock commitments486 7 1 
Commodity contracts35,186 2,197 2,196 
TBA securities53 — — 
Foreign exchange contracts24,575 543 486 
Total free-standing derivatives – customer accommodation
3,300 3,394 
Total derivatives not designated as qualifying hedging instruments3,328 3,487 
Total$3,330 3,501 
(a)Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments in addition to certain portfolio residential mortgage loans measured at fair value.
(b)Derivative assets and liabilities are presented net of variation margin of $239 and $37, respectively.
Fair Value
December 31, 2025 ($ in millions)Notional
Amount		Derivative
Assets		Derivative
Liabilities
Derivatives Designated as Qualifying Hedging Instruments:
Fair value hedges:
Interest rate swaps related to long-term debt$4,205 1 — 
Total fair value hedges1 — 
Cash flow hedges:
Interest rate swaps related to C&I loans6,850 5 — 
Interest rate swaps related to commercial mortgage and commercial construction loans4,000 2 — 
Total cash flow hedges7 — 
Total derivatives designated as qualifying hedging instruments8 — 
Derivatives Not Designated as Qualifying Hedging Instruments:
Free-standing derivatives – risk management and other business purposes:
Interest rate contracts related to MSR portfolio4,275 6 1 
Forward contracts related to residential mortgage loans measured at fair value(a)
1,072 1 3 
Swap associated with the sale of Visa, Inc. Class B Shares2,678 — 124 
Foreign exchange contracts150 — 2 
Other82 — — 
Total free-standing derivatives – risk management and other business purposes
7 130 
Free-standing derivatives – customer accommodation:
Interest rate contracts(b)
82,901 443 540 
Interest rate lock commitments317 5 — 
Commodity contracts16,945 746 738 
TBA securities31 — — 
Foreign exchange contracts26,166 659 626 
Total free-standing derivatives – customer accommodation
1,853 1,904 
Total derivatives not designated as qualifying hedging instruments1,860 2,034 
Total$1,868 2,034 
(a)Includes forward sale and forward purchase contracts which are utilized to manage market risk on residential mortgage loans held for sale and the related interest rate lock commitments in addition to certain portfolio residential mortgage loans measured at fair value.
(b)Derivative assets and liabilities are presented net of variation margin of $120 and $29, respectively.
Net Gains (Losses) Recognized in the Income Statement Related to Derivatives in Fair Value Hedging Relationships
The following table reflects the changes in fair value of interest rate contracts, designated as fair value hedges and the changes in fair value of the related hedged items attributable to the risk being hedged, as well as the line items in the Condensed Consolidated Statements of Income in which the corresponding gains or losses are recorded:
Condensed Consolidated
Statements of
Income Caption		For the three months ended
March 31,
($ in millions)20262025
Long-term debt:
Change in fair value of interest rate swaps hedging long-term debtInterest on long-term debt$(19)68 
Change in fair value of hedged long-term debt attributable to the risk being hedgedInterest on long-term debt20 (68)
The following amounts were recorded in the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of:
($ in millions)Condensed Consolidated
Balance Sheets Caption		March 31,
2026		December 31,
2025
Long-term debt:
Carrying amount of the hedged itemsLong-term debt$6,081 4,204 
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged itemsLong-term debt(10)10 
Available-for-sale debt and other securities:
Cumulative amount of fair value hedging adjustments remaining for hedged items for which hedge accounting has been discontinuedAvailable-for-sale debt and other securities(7)(7)
Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges
The following table presents the pre-tax net (losses) gains recorded in the Condensed Consolidated Statements of Income and in the Condensed Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges:
For the three months ended
March 31,
($ in millions)20262025
Amount of pre-tax net (losses) gains recognized in OCI$(81)253 
Amount of pre-tax net losses reclassified from OCI into net income(21)(56)
Schedule of Price Risk Derivatives
The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table:
Condensed Consolidated
Statements of Income Caption		For the three months ended
March 31,
($ in millions)20262025
Interest rate contracts:
Interest rate contracts related to MSR portfolioMortgage banking net revenue$(11)19 
Forward contracts related to residential mortgage loans measured at fair valueMortgage banking net revenue9 (9)
Foreign exchange contracts:
Foreign exchange contracts for risk management purposesOther noninterest income10 — 
Equity contracts:
Swap associated with sale of Visa, Inc. Class B SharesOther noninterest income8 (18)
Net Gains (Losses) Recognized in the Income Statement Related to Free-Standing Derivative Instruments Used For Customer Accommodation
The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table:
Condensed Consolidated
Statements of Income Caption		For the three months ended
March 31,
($ in millions)20262025
Interest rate contracts:
Interest rate contracts for customers (contract revenue)
Capital market fees$10 8 
Interest rate contracts for customers (credit portion of fair value adjustment)
Other noninterest expense1 (3)
Interest rate lock commitmentsMortgage banking net revenue15 15 
Commodity contracts:
Commodity contracts for customers (contract revenue)
Capital market fees12 6 
Commodity contracts for customers (credit portion of fair value adjustment)
Other noninterest expense(5)— 
Foreign exchange contracts:
Foreign exchange contracts for customers (contract revenue)
Capital market fees27 19 
Foreign exchange contracts for customers (contract revenue)
Other noninterest income4 (10)
Offsetting Derivative Financial Instruments
The following table provides a summary of offsetting derivative financial instruments:
Gross Amount
Recognized in the
Condensed Consolidated
Balance Sheets(a)
Gross Amounts Not Offset in the
Condensed Consolidated Balance Sheets
Derivatives
Collateral(b)
Net Amount
As of March 31, 2026
Derivative assets$3,323 (1,382)(357)1,584 
Derivative liabilities3,500 (1,382)(729)1,389 
As of December 31, 2025
Derivative assets$1,863 (959)(261)643 
Derivative liabilities2,034 (959)(142)933 
(a)Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements.
(b)Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Condensed Consolidated Balance Sheets were excluded from this table.
v3.26.1
Short-Term Borrowings (Tables)
 3 Months Ended
Mar. 31, 2026
Short-Term Debt [Abstract]  
Summary of Short-Term Borrowings The following table presents a summary of the Bancorp’s short-term borrowings as of:
($ in millions)March 31,
2026		December 31,
2025
FHLB advances$750 300 
Securities sold under repurchase agreements338 311 
Derivative collateral — 19 
Other borrowed money43 70 
Federal funds purchased158 226 
Total short-term borrowings$1,289 926 
v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments The following table summarizes the long-term debt assumed:
($ in millions)MaturityInterest RateFebruary 1,
2026
Senior:
Fixed-rate notes20294.00%$547 
Fixed-rate notes20305.982%1,046 
Subordinated:
Fixed-rate notes20263.80%250 
Fixed-rate notes20267.875%152 
Fixed-rate notes20335.332%506 
FHLB advances(a)
2026 - 20284.588%3,028 
Total$5,529 
(a)This rate reflects the weighted-average rate as of February 1, 2026.
v3.26.1
Commitments, Contingent Liabilities and Guarantees (Tables)
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Summary of Significant Commitments The following table reflects a summary of significant commitments as of:
($ in millions)March 31,
2026		December 31,
2025
Commitments to extend credit$112,467 84,405 
Letters of credit6,261 2,095 
Forward contracts related to residential mortgage loans measured at fair value1,382 1,072 
Capital commitments for private equity investments327 310 
Capital expenditures203 147 
Credit Risk Associated with Commitments
Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of:
($ in millions)March 31,
2026		December 31,
2025
Pass$109,847 82,536 
Special mention1,312 834 
Substandard1,275 991 
Doubtful33 44 
Total commitments to extend credit$112,467 84,405 
Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party
Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and expire as summarized in the following table as of March 31, 2026:
($ in millions)
Less than 1 year(a)
$5,032 
1 - 5 years(a)
1,227 
Over 5 years2 
Total letters of credit$6,261 
(a)Includes $5 and $3 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire in less than 1 year and between 1 - 5 years, respectively.
Credit Risk Associated with Letters of Credit
Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of:
($ in millions)March 31,
2026		December 31,
2025
Pass$5,963 1,923 
Special mention140 55 
Substandard154 113 
Doubtful4 4 
Total letters of credit$6,261 2,095 
Visa Funding and Bancorp Cash Payments
After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows:
Period ($ in millions)Visa
Funding Amount		Bancorp Cash
Payment Amount
2010 - 2024$8,115 354 
Q1 2025375 15 
Q3 2025500 21 
Q4 2025500 21 
Q1 2026125 6 
v3.26.1
Retirement and Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Net Funded Status
The following table summarizes the plans as of February 1, 2026:
($ in millions)Qualified PlanNon-Qualified PlanPostretirement
Benefit Plan
Fair value of plan assets$2,970 — 42 
Projected benefit obligation1,615 158 N/A
Accumulated benefit obligation1,595 154 13 
Funded status(a)
$1,355 (158)29 
(a)Based on projected benefit obligation for the Qualified and Non-Qualified Plans and accumulated benefit obligation for the Postretirement Benefit Plan.
Schedule of Defined Benefit Plan Assumptions
The following table summarizes the weighted-average plan assumptions as of February 1, 2026:
Qualified PlanNon-Qualified PlanPostretirement
Benefit Plan
Discount rate5.62 %5.57 5.40 
Rate of compensation increase4.50 4.50 N/A
Interest crediting rate
4.87-5.25
4.87-5.25
N/A
Expected long-term return on plan assets6.75 N/A2.50 
Schedule of Estimated Future Benefit Payments The following table summarizes the estimated future benefit payments as of February 1, 2026:
($ in millions)Qualified PlanNon-Qualified Plan
Postretirement Benefit Plan(a)
Remainder of 2026$178 15 2 
2027151 15 2 
2028147 15 2 
2029148 15 2 
2030147 15 1 
2031 - 2035684 71 5 
(a)Estimated future benefit payments in the Postretirement Benefit Plan are presented net of estimated Medicare subsidies
Schedule of Qualified Plan Assets at Fair Value
The following table summarizes the Qualified Plan assets measured at fair value on a recurring basis as of February 1, 2026:
Fair Value Measurements Using(a)
($ in millions)Level 1Level 2Level 3Total Fair Value
Debt securities:
U.S. Treasury and federal agencies securities$700 6 — 706 
Asset-backed securities and other debt securities(b)
— 936 — 936 
Private placement securities— 41 — 41 
Total debt securities$700 983 — 1,683 
Total plan assets in the fair value hierarchy$700 983 — 1,683 
Investments measured at NAV:
Collective investment funds$1,265 
Total plan assets at fair value(c)
$2,948 
(a)For further information on fair value hierarchy levels, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2025.
(b)Includes corporate and municipal bonds and notes.
(c)Excludes accrued interest receivable of $22.
v3.26.1
Accumulated Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Activity of the Components of Other Comprehensive Income and Accumulated Other Comprehensive Income
The tables below present the activity of the components of OCI and AOCI for the three months ended:
Total OCI Total AOCI
March 31, 2026 ($ in millions)Pre-tax
Activity		Tax
Effect		Net
Activity		Beginning
Balance		Net
Activity		Ending
Balance
Unrealized holding losses on available-for-sale debt securities arising during period$(129)29 (100)
Net unrealized losses on available-for-sale debt securities(129)29 (100)(2,231)(100)(2,331)
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income27 (5)22 
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities27 (5)22 (587)22 (565)
Unrealized holding losses on cash flow hedge derivatives arising during period(81)19 (62)
Reclassification adjustment for net losses on cash flow hedge derivatives included in net income21 (5)16 
Net unrealized losses on cash flow hedge derivatives(60)14 (46)(275)(46)(321)
Defined benefit pension plans, net— — — (15)— (15)
Other— — — (2)— (2)
Total$(162)38 (124)(3,110)(124)(3,234)

Total OCI Total AOCI
March 31, 2025 ($ in millions)Pre-tax
Activity		Tax
Effect		Net
Activity		Beginning
Balance		Net
Activity		Ending
Balance
Unrealized holding gains on available-for-sale debt securities arising during period$633 (152)481 
Net unrealized losses on available-for-sale debt securities633 (152)481 (3,280)481 (2,799)
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income32 (7)25 
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities32 (7)25 (684)25 (659)
Unrealized holding gains on cash flow hedge derivatives arising during period253 (60)193 
Reclassification adjustment for net losses on cash flow hedge derivatives included in net income56 (14)42 
Net unrealized losses on cash flow hedge derivatives309 (74)235 (654)235 (419)
Defined benefit pension plans, net— — — (16)— (16)
Other— — — (2)— (2)
Total$974 (233)741 (4,636)741 (3,895)
Reclassification Out of Accumulated Other Comprehensive Income to Net Income
The table below presents reclassifications out of AOCI:
Condensed Consolidated Statements of Income CaptionFor the three months ended
March 31,
($ in millions)20262025
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities:(a)
Net losses included in net incomeInterest on securities$(27)(32)
Income before income taxes(27)(32)
Applicable income tax expense5 7 
Net income(22)(25)
Net unrealized losses on cash flow hedge derivatives:(a)
Interest rate contracts related to C&I, commercial mortgage and commercial construction loansInterest and fees on loans and leases(21)(56)
Income before income taxes(21)(56)
Applicable income tax expense5 14 
Net income(16)(42)
Total reclassifications for the periodNet income$(38)(67)
(a)Amounts in parentheses indicate reductions to net income.
v3.26.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Basic and Diluted
The following table provides the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share:
For the three months ended
March 31,
($ in millions, except per share data)20262025
Net income available to common shareholders$128 478 
Average common shares outstanding - basic825 671 
Effect of dilutive stock-based awards5 5 
Average common shares outstanding - diluted830 676 
Earnings per share - basic$0.16 0.71 
Earnings per share - diluted0.15 0.71 
Anti-dilutive stock-based awards excluded from diluted shares2 2 
v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables summarize assets and liabilities measured at fair value on a recurring basis as of:
Fair Value Measurements Using
March 31, 2026 ($ in millions)Level 1Level 2Level 3Total Fair Value
Assets:
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$3,454 — — 3,454 
Mortgage-backed securities:
Agency residential mortgage-backed securities— 14,594 — 14,594 
Agency commercial mortgage-backed securities— 22,238 — 22,238 
Non-agency commercial mortgage-backed securities— 2,751 — 2,751 
Asset-backed securities and other debt securities— 2,326 — 2,326 
Available-for-sale debt and other securities(a)
3,454 41,909 — 45,363 
Trading debt securities:
U.S. Treasury and federal agencies securities662 36 — 698 
Obligations of states and political subdivisions securities— 97 — 97 
Agency residential mortgage-backed securities— 50 — 50 
Asset-backed securities and other debt securities— 824 — 824 
Trading debt securities662 1,007 — 1,669 
Equity securities524 20 — 544 
Residential mortgage loans held for sale— 714 — 714 
Residential mortgage loans(b)
— — 105 105 
Servicing rights— — 1,583 1,583 
Derivative assets:
Interest rate contracts10 563 7 580 
Foreign exchange contracts— 553 — 553 
Commodity contracts156 2,041 — 2,197 
Derivative assets(c)
166 3,157 7 3,330 
Total assets$4,806 46,807 1,695 53,308 
Liabilities:
Derivative liabilities:
Interest rate contracts$1 726 10 737 
Foreign exchange contracts— 486 — 486 
Equity contracts— — 82 82 
Commodity contracts396 1,800 — 2,196 
Derivative liabilities(d)
397 3,012 92 3,501 
Short positions:
U.S. Treasury and federal agencies securities188 1 — 189 
Asset-backed securities and other debt securities— 156 — 156 
Equity securities44 — — 44 
Short positions(d)
232 157 — 389 
Total liabilities$629 3,169 92 3,890 
(a)Excludes FHLB, FRB and DTCC restricted stock holdings totaling $204, $591 and $3, respectively, at March 31, 2026.
(b)Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.
(c)Included in other assets in the Condensed Consolidated Balance Sheets.
(d)Included in other liabilities in the Condensed Consolidated Balance Sheets.
Fair Value Measurements Using
December 31, 2025 ($ in millions)Level 1Level 2Level 3Total Fair Value
Assets:
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$1,575 — — 1,575 
Mortgage-backed securities:
Agency residential mortgage-backed securities— 8,623 — 8,623 
Agency commercial mortgage-backed securities— 20,187 — 20,187 
Non-agency commercial mortgage-backed securities— 2,833 — 2,833 
Asset-backed securities and other debt securities— 2,267 — 2,267 
Available-for-sale debt and other securities(a)
1,575 33,910 — 35,485 
Trading debt securities:
U.S. Treasury and federal agencies securities482 12 — 494 
Obligations of states and political subdivisions securities— 63 — 63 
Agency residential mortgage-backed securities— 49 — 49 
Asset-backed securities and other debt securities— 451 — 451 
Trading debt securities482 575 — 1,057 
Equity securities436 17 — 453 
Residential mortgage loans held for sale— 658 — 658 
Residential mortgage loans(b)
— — 106 106 
Servicing rights— — 1,598 1,598 
Derivative assets:
Interest rate contracts1 457 5 463 
Foreign exchange contracts— 659 — 659 
Commodity contracts224 522 — 746 
Derivative assets(c)
225 1,638 5 1,868 
Total assets$2,718 36,798 1,709 41,225 
Liabilities:
Derivative liabilities:
Interest rate contracts$3 537 4 544 
Foreign exchange contracts— 628 — 628 
Equity contracts— — 124 124 
Commodity contracts35 703 — 738 
Derivative liabilities(d)
38 1,868 128 2,034 
Short positions:
U.S. Treasury and federal agencies securities82 3 — 85 
Asset-backed securities and other debt securities— 218 — 218 
Equity securities48 — — 48 
Short positions(d)
130 221 — 351 
Total liabilities$168 2,089 128 2,385 
(a)Excludes FHLB, FRB and DTCC restricted stock holdings totaling $167, $505 and $2, respectively, at December 31, 2025.
(b)Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.
(c)Included in other assets in the Condensed Consolidated Balance Sheets.
(d)Included in other liabilities in the Condensed Consolidated Balance Sheets.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs
The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
For the three months ended March 31, 2026 ($ in millions)
Residential
Mortgage
Loans		Servicing
Rights
Interest Rate
Derivatives,
Net(a)
Equity
Derivatives		Total
Fair Value
Balance, beginning of period$106 1,598 1 (124)1,581 
Total (losses) gains (realized/unrealized):(b)(c)
 Included in earnings(1)(38)16 8 (15)
Purchases/originations/acquisitions— 23 (6)(5)12 
Settlements(2)— (14)39 23 
Transfers into Level 3(d)
2 — — — 2 
Balance, end of period$105 1,583 (3)(82)1,603 
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at March 31, 2026(c)
$(1)(17)7 8 (3)
(a)Net interest rate derivatives include derivative assets and liabilities of $7 and $10, respectively, as of March 31, 2026.
(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at March 31, 2026.
(c)Included in the following line items in the Condensed Consolidated Statements of Income: mortgage banking net revenue for residential mortgage loans and servicing rights, mortgage banking net revenue and capital markets fees for interest rate derivatives, and other noninterest income for equity derivatives.
(d)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.

For the three months ended March 31, 2025 ($ in millions)
Residential
Mortgage
Loans		Servicing
Rights
Interest Rate
Derivatives,
Net(a)
Equity
Derivatives		Total
Fair Value
Balance, beginning of period$108 1,704 (3)(170)1,639 
Total (losses) gains (realized/unrealized):(b)(c)
 Included in earnings2 (50)15 (18)(51)
Purchases/originations— 9 (1)— 8 
Settlements(3)— (11)15 1 
Transfers into Level 3(d)
2 — — — 2 
Balance, end of period$109 1,663 — (173)1,599 
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at March 31, 2025(c)
$2 (35)6 (18)(45)
(a)Net interest rate derivatives include $5 for both derivative assets and liabilities as of March 31, 2025.
(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at March 31, 2025.
(c)Included in the following line items in the Condensed Consolidated Statements of Income: mortgage banking net revenue for residential mortgage loans and servicing rights, mortgage banking net revenue and capital markets fees for interest rate derivatives, and other noninterest income for equity derivatives.
(d)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Input, Recurring
The following tables present information as of March 31, 2026 and 2025 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a recurring basis:
As of March 31, 2026 ($ in millions)
Financial InstrumentFair ValueValuation
Technique		Significant
Unobservable Inputs		Range of Inputs
Weighted-Average
Residential mortgage loans$105 Loss rate modelInterest rate risk factor(52.0)-7.2%(10.1)%
(a)
Credit risk factor— -0.7%0.1 %
(a)
Servicing rights1,583 DCFPrepayment speed— -90.3%
(Fixed)
6.8 %
(b)
(Adjustable)
18.7 %
(b)
OAS (bps)335 -1,827
(Fixed)
431
(b)
(Adjustable)
711
(b)
IRLCs, net6 DCFLoan closing rates0.8 -98.8%84.9 %
(c)
Swap associated with the sale of Visa, Inc. Class B Shares(82)DCFTiming of the resolution
   of the Covered Litigation		Q1 2028-Q2 2029Q3 2028
(d)
(a)Unobservable inputs were weighted by the relative carrying value of the instruments.
(b)Unobservable inputs were weighted by the relative unpaid principal balance of the instruments.
(c)Unobservable inputs were weighted by the relative notional amount of the instruments.
(d)Unobservable inputs were weighted by the probability of the final funding date of the instruments.

As of March 31, 2025 ($ in millions)
Financial InstrumentFair ValueValuation
Technique		Significant
Unobservable Inputs		Range of InputsWeighted-Average
Residential mortgage loans$109 Loss rate modelInterest rate risk factor(51.9)-5.7 %(11.5)%
(a)
Credit risk factor— -0.7 %0.1 %
(a)
Servicing rights1,663 DCFPrepayment speed— -100.0 %(Fixed)6.3 %
(b)
(Adjustable)16.0 %
(b)
OAS (bps)335-1,821(Fixed)418
(b)
(Adjustable)725
(b)
IRLCs, net5 DCFLoan closing rates20.5 -96.0 %79.7 %
(c)
Swap associated with the sale of Visa, Inc. Class B Shares(173)DCFTiming of the resolution
   of the Covered Litigation		Q2 2027-Q1 2028Q4 2027
(d)
(a)Unobservable inputs were weighted by the relative carrying value of the instruments.
(b)Unobservable inputs were weighted by the relative unpaid principal balance of the instruments.
(c)Unobservable inputs were weighted by the relative notional amount of the instruments.
(d)Unobservable inputs were weighted by the probability of the final funding date of the instruments.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
The following tables provide the fair value hierarchy and carrying amount of all assets that were held as of March 31, 2026 and 2025, and for which a nonrecurring fair value adjustment was recorded during the three months ended March 31, 2026 and 2025, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period.
Fair Value Measurements UsingTotal Losses
As of March 31, 2026 ($ in millions)Level 1Level 2Level 3Total
For the three months ended March 31, 2026
Commercial loans and leases$— — 109 109 (17)
Consumer and residential mortgage loans— — 166 166 (3)
Bank premises and equipment— — 26 26 (23)
Total$— — 301 301 (43)
Fair Value Measurements UsingTotal (Losses) Gains
As of March 31, 2025 ($ in millions)Level 1Level 2Level 3Total
For the three months ended
 March 31, 2025
Commercial loans and leases$— — 261 261 (126)
Consumer and residential mortgage loans— — 145 145 (4)
OREO— — 4 4 1 
Private equity investments— 13 — 13 4 
Total$— 13 410 423 (125)
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Input, Nonrecurring
The following tables present information as of March 31, 2026 and 2025 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured at fair value on a nonrecurring basis:
As of March 31, 2026 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges of
Inputs		Weighted-Average
Commercial loans and leases$109 Appraised valueCollateral valueNMNM
Consumer and residential mortgage loans166 Appraised valueCollateral valueNMNM
Bank premises and equipment26 Appraised valueAppraised valueNMNM

As of March 31, 2025 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges of
Inputs		Weighted-Average
Commercial loans and leases$261 Appraised valueCollateral valueNMNM
Consumer and residential mortgage loans145 Appraised valueCollateral valueNMNM
OREO4 Appraised valueAppraised valueNMNM
Difference Between the Fair Value and the Unpaid Principal Balance for Loans
The following table summarizes the fair value and the unpaid principal balance for residential mortgage loans measured at fair value as of:
March 31, 2026 ($ in millions)Aggregate
Fair Value		Aggregate Unpaid
Principal Balance
Residential mortgage loans measured at fair value$819 822 
Past due loans of 30-89 days1 1 
Past due loans of 90 days or more1 1 
Nonaccrual loans4 4 
December 31, 2025
Residential mortgage loans measured at fair value$764 758 
Past due loans of 30-89 days2 2 
Nonaccrual loans4 4 
Carrying Amounts and Estimated Fair Values for Certain Financial Instruments
The following tables summarize the carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments measured at fair value on a recurring basis:
Net Carrying
Amount		Fair Value Measurements UsingTotal
Fair Value
As of March 31, 2026 ($ in millions)Level 1Level 2Level 3
Financial assets:
Cash and due from banks
$4,084 4,084 — — 4,084 
Other short-term investments17,456 17,456 — — 17,456 
Other securities798 — 798 — 798 
Held-to-maturity securities16,389 2,157 14,182 2 16,341 
Loans and leases held for sale651 — — 651 651 
Portfolio loans and leases:
Commercial loans and leases121,039 — — 122,758 122,758 
Consumer and residential mortgage loans52,184 — — 51,892 51,892 
Total portfolio loans and leases, net$173,223 — — 174,650 174,650 
Financial liabilities:
Deposits$233,621 — 233,691 — 233,691 
Short-term borrowings1,289 158 1,131 — 1,289 
Long-term debt18,763 11,694 7,315 — 19,009 

Net Carrying
Amount		Fair Value Measurements UsingTotal
Fair Value
As of December 31, 2025 ($ in millions)Level 1Level 2Level 3
Financial assets:
Cash and due from banks$3,499 3,499 — — 3,499 
Other short-term investments18,876 18,876 — — 18,876 
Other securities674 — 674 — 674 
Held-to-maturity securities11,368 2,457 8,945 2 11,404 
Loans and leases held for sale75 — — 75 75 
Portfolio loans and leases:
Commercial loans and leases72,376 — — 73,628 73,628 
Consumer and residential mortgage loans47,916 — — 47,724 47,724 
Total portfolio loans and leases, net$120,292 — — 121,352 121,352 
Financial liabilities:
Deposits$171,819 — 171,899 — 171,899 
Short-term borrowings926 226 700 — 926 
Long-term debt13,579 5,067 8,938 — 14,005 
v3.26.1
Business Segments (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Results of Operations and Assets by Segment
The following tables present the results of operations and average assets by segment for the three months ended:
March 31, 2026 ($ in millions)Commercial
Banking		Consumer
and Small Business
Banking		Wealth
and Asset
Management
General
Corporate
and Other(d)
Total
Net interest income (FTE)(a)
$878 1,073 83 (95)1,939 
Provision for (benefit from) credit losses158 89 — (20)227 
Net interest income after provision for (benefit from) credit losses
$720 984 83 (75)1,712 
Noninterest income:

Wealth and asset management revenue$1 75 161 (4)233 
Commercial payments revenue191 30 2 (5)218 
Consumer banking revenue— 146 — — 146 
Capital markets fees135 1 — (2)134 
Commercial banking revenue103 1 1 — 105 
Mortgage banking net revenue— 44 — — 44 
Other noninterest income(b)
11 1 — 15 27 
Securities losses, net— — — (12)(12)
Total noninterest income$441 298 164 (8)895 
Noninterest expense:

Compensation and benefits$247 291 88 784 1,410 
Technology and communications6 11 3 184 204 
Net occupancy expense12 77 5 46 140 
Card and processing expense29 19 — 31 79 
Equipment expense8 19 — 28 55 
Marketing expense1 33 — 16 50 
Loan and lease expense13 22 1 6 42 
Other noninterest expense(c)
418 338 86 (427)415 
Total noninterest expense$734 810 183 668 2,395 
Income (loss) before income taxes (FTE)(a)
$427 472 64 (751)212 
Average assets$108,037 60,154 8,374 88,986 265,551 
(a)Includes FTE adjustments of $3 for Commercial Banking and $2 for General Corporate and Other.
(b)Includes impairment charges of $23 for bank premises and equipment recorded in General Corporate and Other. For more information, refer to Note 21.
(c)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(d)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.
March 31, 2025 ($ in millions)Commercial
Banking		Consumer
and Small Business
Banking		Wealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$552 975 49 (134)1,442 
Provision for credit losses80 84 — 10 174 
Net interest income after provision for credit losses$472 891 49 (144)1,268 
Noninterest income:

Wealth and asset management revenue$— 66 106 — 172 
Commercial payments revenue133 20 — — 153 
Consumer banking revenue— 135 1 1 137 
Capital markets fees90 — 1 (1)90 
Commercial banking revenue79 1 — — 80 
Mortgage banking net revenue— 57 — — 57 
Other noninterest income 6 2 1 5 14 
Securities losses, net(7)— — (2)(9)
Total noninterest income$301 281 109 3 694 
Noninterest expense:

Compensation and benefits$178 236 62 274 750 
Technology and communications3 7 — 113 123 
Net occupancy expense9 54 3 21 87 
Card and processing expense3 17 1 — 21 
Equipment expense8 16 — 18 42 
Marketing expense1 19 — 8 28 
Loan and lease expense7 18 — 5 30 
Other noninterest expense(b)
302 283 40 (402)223 
Total noninterest expense$511 650 106 37 1,304 
Income (loss) before income taxes (FTE)(a)
$262 522 52 (178)658 
Average assets$77,940 54,406 4,657 73,555 210,558 
(a)Includes FTE adjustments of $3 for Commercial Banking and $2 for General Corporate and Other.
(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.
v3.26.1
Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Payments:    
Interest $ 1,071 $ 1,107
Income taxes paid, net of refunds received 9 (3)
Transfers:    
Portfolio loans and leases to loans and leases held for sale 199 38
Loans and leases held for sale to portfolio loans and leases 2 2
Portfolio loans and leases to OREO 6 5
Bank premises and equipment to OREO 1 4
Supplemental Disclosures:    
Non-cash consideration transferred for the Comerica acquisition $ 12,676 $ 0
v3.26.1
Business Combination - Additional Information (Details)
$ / shares in Units, $ in Millions
 3 Months Ended 12 Months Ended
Feb. 01, 2026
USD ($)
banking_center_location
$ / shares
shares
Jan. 30, 2026
$ / shares
Mar. 31, 2026
USD ($)
$ / shares
Dec. 31, 2025
USD ($)
$ / shares
Business Combination [Line Items]        
Preferred stock, liquidation preference per share (in dollars per share) | $ / shares     $ 25,000 $ 25,000
Goodwill acquired | $     $ 5,019 $ 29
Comerica Incorporated        
Business Combination [Line Items]        
Fair value of stock issued | $ $ 12,700      
Full-service banking centers | banking_center_location 351      
Shares issued in business combination (in shares) | shares 240,000,000      
Price per common share (in dollars per share) | $ / shares $ 93.73      
Closing price of stock | $ / shares   $ 50.22    
Goodwill acquired | $ $ 5,000      
Comerica Incorporated | Common Stock        
Business Combination [Line Items]        
Fair value of stock issued | $ $ 12,056      
Shares issued per acquiree share (in shares) | shares 1.8663      
Comerica Incorporated | Depository Shares        
Business Combination [Line Items]        
Shares issued in business combination (in shares) | shares 16,000,000      
Comerica Incorporated | Fair value of preferred stock issued        
Business Combination [Line Items]        
Fair value of stock issued | $ $ 412      
Preferred stock, issued (in shares) | shares 400,000      
Preferred stock, liquidation preference per share (in dollars per share) | $ / shares $ 1,000      
Preferred stock, dividend rate 6.875%      
Comerica Incorporated | Fixed Rate Reset Non-Cumulative Perpetual Stock, Series B | Comerica Incorporated        
Business Combination [Line Items]        
Preferred stock, dividend rate   6.875%    
Comerica Incorporated | Series M Preferred Stock        
Business Combination [Line Items]        
Shares issued per acquiree share (in shares) | shares 1      
v3.26.1
Business Combination - Acquired Identifiable Assets and Liabilities Assumed (Details) - Comerica Incorporated
$ in Millions
Feb. 01, 2026
USD ($)
Consideration paid  
Fair value of stock issued $ 12,700
Fair value of purchase consideration 12,676
Assets:  
Cash and due from banks 740
Other short-term investments 11,242
Available-for-sale debt and other securities 7,243
Held-to-maturity securities 3,669
Trading debt securities 170
Equity securities 141
Loans and leases held for sale 1
Portfolio loans and leases 50,536
Allowance for loan and lease losses (661)
Portfolio loans and leases, net 49,875
Bank premises and equipment 526
Intangible assets 1,209
Other assets 5,954
Total assets acquired 80,770
Liabilities:  
Deposits 65,189
Accrued taxes, interest and expenses 901
Other liabilities 1,494
Long-term debt 5,529
Total liabilities assumed 73,113
Net identifiable assets acquired 7,657
Goodwill 5,019
Common Stock  
Consideration paid  
Fair value of stock issued 12,056
Fair value of preferred stock issued  
Consideration paid  
Fair value of stock issued 412
Replacement Of Stock-Based Awards  
Consideration paid  
Fair value of stock issued $ 208
v3.26.1
Business Combination - Merger-Related Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Noninterest Expense    
Compensation and benefits $ 1,410 $ 750
Technology and communications 204 123
Net occupancy expense 140 87
Card and processing expense 79 21
Equipment expense 55 42
Other noninterest expense 415 223
Total noninterest expense 2,395 1,304
Noninterest Income    
Total noninterest income 895 $ 694
Comerica Incorporated    
Noninterest Expense    
Compensation and benefits 427  
Technology and communications 21  
Net occupancy expense 25  
Card and processing expense 30  
Equipment expense 4  
Other noninterest expense 128  
Total noninterest expense 635  
Noninterest Income    
Other noninterest income (loss) (22)  
Total noninterest income (22)  
Total merger-related charges $ 657  
v3.26.1
Business Combination - Unaudited Pro Forma (Details) - Comerica Incorporated - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Business Combination [Line Items]    
Unaudited pro forma net income available to common shareholders $ 762 $ 52
Net Interest Income    
Business Combination [Line Items]    
Unaudited pro forma revenue 2,133 2,058
Non Interest Income    
Business Combination [Line Items]    
Unaudited pro forma revenue $ 1,007 $ 937
v3.26.1
Business Combination - Loans Identified as PCI Loans at Acquisition (Details) - USD ($)
$ in Millions
 3 Months Ended
Feb. 01, 2026
Mar. 31, 2026
Mar. 31, 2025
Business Combination [Line Items]      
Adjustment for expected credit losses, PCD   $ 180  
Net charge-offs taken at time of acquisition   144 $ 136
Initial ALLL on other acquired loans and leases $ 8    
Comerica Incorporated      
Business Combination [Line Items]      
Fair value of acquired loans and leases, PCD 3,404    
Adjustment for expected credit losses, PCD 180    
Initial amortized cost basis of acquired loans and leases, PCD 3,584    
Unpaid principal balance of acquired loans and leases, PCD 3,680    
Noncredit discount, net, PCD 96    
Fair value of acquired loans and leases, PSL 46,066    
Adjustments for expected credit losses, PSL 481    
Initial amortized cost basis of acquired loans and leases, PSL 46,547    
Unpaid principal balance of acquired loans and leases, PSL 46,621    
Noncredit discount, net, PSL (74)    
Fair value of acquired loans and leases, Other 405    
Adjustment for expected credit losses, Other 0    
Unpaid principal balance of acquired loans and leases, Other 406    
Noncredit discount, net, Other (1)    
Fair value of acquired loans and leases, Total 49,875    
Adjustments for expected credit losses, Total 661    
Initial amortized cost basis of acquired loans and leases, Total 50,536    
Unpaid principal balance of acquired loans and leases, Total 50,707    
Noncredit discount, net, Total $ (171)    
Net charge-offs taken at time of acquisition   $ 94  
v3.26.1
Investment Securities - Investment Securities (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Available-for-sale debt and other securities:    
Total $ 49,238 $ 39,107
Unrealized Gains 18 25
Unrealized Losses (3,095) (2,973)
Fair Value 46,161 36,159
Held-to-maturity securities:    
Amortized Cost 16,389 11,368
Unrealized Gains 50 85
Unrealized Losses (98) (49)
Fair Value 16,341 11,404
Trading debt securities 1,669 1,057
Equity securities 544 453
Available-for-sale debt securities transferred to held-to-maturity securities    
Held-to-maturity securities:    
AOCI offset, unamortized portion of unrealized losses on securities 715 742
U.S. Treasury and federal agencies securities    
Available-for-sale debt and other securities:    
Total 3,454 1,575
Unrealized Gains 2 0
Unrealized Losses (2) 0
Fair Value 3,454 1,575
Held-to-maturity securities:    
Amortized Cost 2,154 2,438
Unrealized Gains 3 19
Unrealized Losses 0 0
Fair Value 2,157 2,457
Agency mortgage-backed securities | Residential mortgage backed securities    
Available-for-sale debt and other securities:    
Total 15,183 9,138
Unrealized Gains 10 18
Unrealized Losses (599) (533)
Fair Value 14,594 8,623
Held-to-maturity securities:    
Amortized Cost 5,612 5,023
Unrealized Gains 11 23
Unrealized Losses (71) (44)
Fair Value 5,552 5,002
Agency mortgage-backed securities | Commercial mortgage-backed securities    
Available-for-sale debt and other securities:    
Total 24,403 22,307
Unrealized Gains 3 4
Unrealized Losses (2,168) (2,124)
Fair Value 22,238 20,187
Held-to-maturity securities:    
Amortized Cost 8,621 3,905
Unrealized Gains 36 43
Unrealized Losses (27) (5)
Fair Value 8,630 3,943
Non-agency mortgage-backed securities | Commercial mortgage-backed securities    
Available-for-sale debt and other securities:    
Total 2,962 3,032
Unrealized Gains 1 1
Unrealized Losses (212) (200)
Fair Value 2,751 2,833
Asset-backed securities and other debt securities    
Available-for-sale debt and other securities:    
Total 2,438 2,381
Unrealized Gains 2 2
Unrealized Losses (114) (116)
Fair Value 2,326 2,267
Held-to-maturity securities:    
Amortized Cost 2 2
Unrealized Gains 0 0
Unrealized Losses 0 0
Fair Value 2 2
Other securities    
Available-for-sale debt and other securities:    
Total 798 674
Unrealized Gains 0 0
Unrealized Losses 0 0
Fair Value 798 674
Held-to-maturity securities:    
FHLB, restricted stock holdings 204 167
FRB, restricted stock holdings 591 505
DTCC, restricted stock holdings $ 3 $ 2
v3.26.1
Investment Securities - Additional Information (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Investments, Unrealized Loss Position    
Accrued interest receivables on investment securities $ 194 $ 139
Investment securities, fair value 31,500 28,600
Unrealized losses 3,095 2,973
Available-for-sale debt securities transferred to held-to-maturity securities    
Investments, Unrealized Loss Position    
AOCI offset, unamortized portion of unrealized losses on securities 715 742
Non-rated Securities    
Investments, Unrealized Loss Position    
Unrealized losses $ 25 $ 24
v3.26.1
Investment Securities - Gains and Losses Recognized in Income from Securities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Available-for-sale debt and other securities:    
Realized gains $ 7 $ 5
Realized losses (7) (5)
Net losses on available-for-sale debt and other securities 0 0
Net unrealized losses (1) 0
Net trading debt securities losses (1) 0
Equity securities:    
Net realized gains 1 0
Net unrealized losses (12) (9)
Net equity securities losses (11) (9)
Total (losses) gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (12) (9)
Commercial Banking Revenue and Wealth and Asset Management Revenue    
Equity securities:    
Total (losses) gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities $ 3 $ 4
v3.26.1
Investment Securities - Amortized Cost and Fair Value of Available-for-Sale Debt and Held-to-Maturity Securities (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Available-for-Sale Debt and Other, Amortized Cost    
Due in 1 year or less $ 4,010  
Due after 1 year through 5 years 21,048  
Due after 5 years through 10 years 19,350  
Due after 10 years 4,032  
Other securities 798  
Total 49,238 $ 39,107
Available-for-Sale Debt and Other, Fair Value    
Due in 1 year or less 3,986  
Due after 1 year through 5 years 20,382  
Due after 5 years through 10 years 17,447  
Due after 10 years 3,548  
Other securities 798  
Fair Value 46,161 36,159
Held-to-Maturity, Amortized Cost    
Due in 1 year or less 308  
Due after 1 year through 5 years 5,546  
Due after 5 years through 10 years 10,350  
Due after 10 years 185  
Other securities 0  
Amortized Cost 16,389 11,368
Held-to-Maturity, Fair Value    
Due in 1 year or less 308  
Due after 1 year through 5 years 5,565  
Due after 5 years through 10 years 10,279  
Due after 10 years 189  
Other securities 0  
Fair Value $ 16,341 $ 11,404
v3.26.1
Investment Securities - Fair Value and Gross Unrealized Losses on Available-for-Sale Debt Securities (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Fair Value    
Less than 12 months $ 11,738 $ 2,964
12 months or more 28,195 29,029
Total 39,933 31,993
Unrealized Losses    
Less than 12 months (72) (9)
12 months or more (3,023) (2,964)
Total (3,095) (2,973)
U.S. Treasury and federal agencies securities    
Fair Value    
Less than 12 months 1,496 1,225
12 months or more 0 0
Total 1,496 1,225
Unrealized Losses    
Less than 12 months (2) 0
12 months or more 0 0
Total (2) 0
Agency mortgage-backed securities | Residential mortgage backed securities    
Fair Value    
Less than 12 months 7,900 1,454
12 months or more 4,469 4,615
Total 12,369 6,069
Unrealized Losses    
Less than 12 months (50) (7)
12 months or more (549) (526)
Total (599) (533)
Agency mortgage-backed securities | Commercial mortgage-backed securities    
Fair Value    
Less than 12 months 1,973 149
12 months or more 19,366 19,826
Total 21,339 19,975
Unrealized Losses    
Less than 12 months (15) (1)
12 months or more (2,153) (2,123)
Total (2,168) (2,124)
Non-agency commercial mortgage-backed securities | Commercial mortgage-backed securities    
Fair Value    
Less than 12 months 64 1
12 months or more 2,598 2,695
Total 2,662 2,696
Unrealized Losses    
Less than 12 months (1) 0
12 months or more (211) (200)
Total (212) (200)
Asset-backed securities and other debt securities    
Fair Value    
Less than 12 months 305 135
12 months or more 1,762 1,893
Total 2,067 2,028
Unrealized Losses    
Less than 12 months (4) (1)
12 months or more (110) (115)
Total $ (114) $ (116)
v3.26.1
Loans and Leases - Loans and Leases Classified by Primary Purpose (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Loans and leases held for sale:    
Loans held for sale $ 1,365 $ 733
Portfolio loans and leases:    
Total portfolio loans and leases 176,250 122,651
Commercial    
Portfolio loans and leases:    
Total portfolio loans and leases 122,859 73,562
Commercial | Commercial and industrial loans    
Loans and leases held for sale:    
Loans held for sale 535 46
Portfolio loans and leases:    
Total portfolio loans and leases 83,864 52,749
Commercial | Commercial mortgage loans    
Loans and leases held for sale:    
Loans held for sale 49 29
Portfolio loans and leases:    
Total portfolio loans and leases 27,143 12,228
Commercial | Commercial construction loans    
Loans and leases held for sale:    
Loans held for sale 67 0
Portfolio loans and leases:    
Total portfolio loans and leases 8,329 5,316
Commercial | Commercial leases    
Portfolio loans and leases:    
Total portfolio loans and leases 3,523 3,269
Consumer    
Portfolio loans and leases:    
Total portfolio loans and leases 53,391 49,089
Consumer | Residential mortgage loans    
Loans and leases held for sale:    
Loans held for sale 714 658
Portfolio loans and leases:    
Total portfolio loans and leases 19,507 17,652
Consumer | Home equity    
Portfolio loans and leases:    
Total portfolio loans and leases 6,735 4,846
Consumer | Indirect secured consumer loans    
Portfolio loans and leases:    
Total portfolio loans and leases 18,296 17,964
Consumer | Credit card    
Portfolio loans and leases:    
Total portfolio loans and leases 1,658 1,747
Consumer | Solar energy installation loans    
Portfolio loans and leases:    
Total portfolio loans and leases 4,465 4,560
Consumer | Other consumer loans    
Portfolio loans and leases:    
Total portfolio loans and leases $ 2,730 $ 2,320
v3.26.1
Loans and Leases - Additional Information (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable    
Unearned income $ 398 $ 384
Accrued interest receivable 775 534
Net discount 355 216
Solar energy installation loans    
Accounts, Notes, Loans and Financing Receivable    
Net discount 838 872
Federal Home Loan Bank Advances    
Accounts, Notes, Loans and Financing Receivable    
Loans pledged 16,100 14,900
FRB Loan    
Accounts, Notes, Loans and Financing Receivable    
Loans pledged $ 80,200 $ 60,100
v3.26.1
Loans and Leases - Net Charge-Offs (Recoveries) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together    
Net charge-offs (recoveries) $ 144 $ 136
Comerica Incorporated    
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together    
Net charge-offs (recoveries) 94  
Commercial | Commercial and industrial loans    
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together    
Net charge-offs (recoveries) 69 52
Commercial | Commercial mortgage loans    
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together    
Net charge-offs (recoveries) 0 10
Commercial | Commercial leases    
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together    
Net charge-offs (recoveries) 0 2
Consumer | Indirect secured consumer loans    
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together    
Net charge-offs (recoveries) 24 21
Consumer | Credit card    
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together    
Net charge-offs (recoveries) 14 17
Consumer | Solar energy installation loans    
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together    
Net charge-offs (recoveries) 23 18
Consumer | Other consumer loans    
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together    
Net charge-offs (recoveries) $ 14 $ 16
v3.26.1
Loans and Leases - Summary of Income (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Receivables [Abstract]    
Direct financing leases $ 8 $ 10
Sales-type leases 31 26
Operating leases $ 21 $ 20
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Transactions in the ALLL by Portfolio Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Feb. 01, 2026
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Balance, beginning of period   $ 2,253 [1] $ 2,352
Losses charged off   (187) (173)
Recoveries of losses previously charged off   43 37
Provision for (benefit from) loan and lease losses   152 168
Adjustment for expected credit losses, PCD   180  
Allowance on PSLs at acquisition   481  
Balance, end of period   2,922 [1] 2,384
Net charge-offs (recoveries)   144 136
Comerica Incorporated      
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Adjustment for expected credit losses, PCD $ 180    
Net charge-offs (recoveries)   94  
Other Consumer Loans, Point of Sale      
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Losses charged off   (4) (6)
Recoveries of losses previously charged off   4 6
Commercial      
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Balance, beginning of period   1,186 1,154
Losses charged off   (77) (67)
Recoveries of losses previously charged off   8 3
Provision for (benefit from) loan and lease losses   60 151
Adjustment for expected credit losses, PCD   177  
Allowance on PSLs at acquisition   466  
Balance, end of period   1,820 1,241
Residential Mortgage      
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Balance, beginning of period   109 146
Losses charged off   0 0
Recoveries of losses previously charged off   0 0
Provision for (benefit from) loan and lease losses   (7) (7)
Adjustment for expected credit losses, PCD   2  
Allowance on PSLs at acquisition   4  
Balance, end of period   108 139
Consumer      
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Balance, beginning of period   958 1,052
Losses charged off   (110) (106)
Recoveries of losses previously charged off   35 34
Provision for (benefit from) loan and lease losses   99 24
Adjustment for expected credit losses, PCD   1  
Allowance on PSLs at acquisition   11  
Balance, end of period   $ 994 $ 1,004
[1] Includes $38 and $38 of other short-term investments, $463 and $554 of portfolio loans and leases, $(8) and $(9) of ALLL, $3 and $3 of other assets, $10 and $11 of other liabilities and $391 and $473 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2026 and December 31, 2025, respectively. For further information, refer to Note 10.
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]        
Individually evaluated $ 161 $ 193    
Collectively evaluated 2,761 2,060    
Total ALLL 2,922 [1] 2,253 [1] $ 2,384 $ 2,352
Individually evaluated 741 615    
Collectively evaluated 175,404 121,930    
Total portfolio loans and leases 176,145 122,545    
Leveraged leases 238 243    
Commercial Leveraged Leases        
Financing Receivable, Allowance for Credit Loss [Line Items]        
Total ALLL 2 2    
Commercial        
Financing Receivable, Allowance for Credit Loss [Line Items]        
Individually evaluated 147 178    
Collectively evaluated 1,673 1,008    
Total ALLL 1,820 1,186 1,241 1,154
Individually evaluated 492 367    
Collectively evaluated 122,367 73,195    
Total portfolio loans and leases 122,859 73,562    
Residential Mortgage        
Financing Receivable, Allowance for Credit Loss [Line Items]        
Individually evaluated 0 0    
Collectively evaluated 108 109    
Total ALLL 108 109 139 146
Individually evaluated 143 143    
Collectively evaluated 19,259 17,403    
Total portfolio loans and leases 19,402 17,546    
Residential mortgage loans 105 106 109  
Consumer        
Financing Receivable, Allowance for Credit Loss [Line Items]        
Individually evaluated 14 15    
Collectively evaluated 980 943    
Total ALLL 994 958 $ 1,004 $ 1,052
Individually evaluated 106 105    
Collectively evaluated 33,778 31,332    
Total portfolio loans and leases $ 33,884 $ 31,437    
[1] Includes $38 and $38 of other short-term investments, $463 and $554 of portfolio loans and leases, $(8) and $(9) of ALLL, $3 and $3 of other assets, $10 and $11 of other liabilities and $391 and $473 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2026 and December 31, 2025, respectively. For further information, refer to Note 10.
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Credit Risk Profile of the Bancorp's Commercial Portfolio Segment by Class (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Modifications    
Total portfolio loans and leases $ 176,250 $ 122,651
Commercial    
Financing Receivable, Modifications    
Year One 3,437 6,815
Year Two 11,475 4,328
Year Three 7,486 2,380
Year Four 4,426 3,571
Year Five 5,788 1,786
Prior 6,850 1,930
Revolving and Other Loans 83,397 52,752
Total portfolio loans and leases 122,859 73,562
Commercial | Pass    
Financing Receivable, Modifications    
Year One 3,346 6,618
Year Two 11,073 4,055
Year Three 6,919 2,185
Year Four 4,001 3,313
Year Five 5,350 1,678
Prior 6,422 1,850
Revolving and Other Loans 77,721 48,759
Total portfolio loans and leases 114,832 68,458
Commercial | Special mention    
Financing Receivable, Modifications    
Year One 39 50
Year Two 201 61
Year Three 188 38
Year Four 174 42
Year Five 128 28
Prior 183 13
Revolving and Other Loans 2,343 1,570
Total portfolio loans and leases 3,256 1,802
Commercial | Substandard    
Financing Receivable, Modifications    
Year One 52 147
Year Two 201 211
Year Three 378 157
Year Four 251 216
Year Five 310 74
Prior 245 67
Revolving and Other Loans 3,244 2,312
Total portfolio loans and leases 4,681 3,184
Commercial | Doubtful    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 1
Year Three 1 0
Year Four 0 0
Year Five 0 6
Prior 0 0
Revolving and Other Loans 89 111
Total portfolio loans and leases 90 118
Commercial | Commercial and industrial loans    
Financing Receivable, Modifications    
Year One 2,161 3,439
Year Two 6,710 2,181
Year Three 4,442 963
Year Four 2,054 1,974
Year Five 2,921 893
Prior 2,525 591
Revolving and Other Loans 63,051 42,708
Total portfolio loans and leases 83,864 52,749
Commercial | Commercial and industrial loans | Pass    
Financing Receivable, Modifications    
Year One 2,119 3,359
Year Two 6,563 2,040
Year Three 4,063 861
Year Four 1,833 1,829
Year Five 2,679 832
Prior 2,321 553
Revolving and Other Loans 59,357 40,015
Total portfolio loans and leases 78,935 49,489
Commercial | Commercial and industrial loans | Special mention    
Financing Receivable, Modifications    
Year One 27 23
Year Two 95 51
Year Three 135 10
Year Four 62 7
Year Five 58 13
Prior 46 10
Revolving and Other Loans 1,354 839
Total portfolio loans and leases 1,777 953
Commercial | Commercial and industrial loans | Substandard    
Financing Receivable, Modifications    
Year One 15 57
Year Two 52 89
Year Three 243 92
Year Four 159 138
Year Five 184 42
Prior 158 28
Revolving and Other Loans 2,251 1,743
Total portfolio loans and leases 3,062 2,189
Commercial | Commercial and industrial loans | Doubtful    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 1
Year Three 1 0
Year Four 0 0
Year Five 0 6
Prior 0 0
Revolving and Other Loans 89 111
Total portfolio loans and leases 90 118
Commercial | Commercial mortgage owner-occupied loans    
Financing Receivable, Modifications    
Year One 596 1,229
Year Two 2,069 663
Year Three 1,174 638
Year Four 1,168 697
Year Five 1,524 578
Prior 2,287 421
Revolving and Other Loans 3,442 1,916
Total portfolio loans and leases 12,260 6,142
Commercial | Commercial mortgage owner-occupied loans | Pass    
Financing Receivable, Modifications    
Year One 583 1,136
Year Two 1,843 615
Year Three 1,109 572
Year Four 1,060 648
Year Five 1,395 537
Prior 2,099 406
Revolving and Other Loans 3,228 1,712
Total portfolio loans and leases 11,317 5,626
Commercial | Commercial mortgage owner-occupied loans | Special mention    
Financing Receivable, Modifications    
Year One 7 24
Year Two 100 4
Year Three 10 28
Year Four 47 16
Year Five 59 14
Prior 113 3
Revolving and Other Loans 78 72
Total portfolio loans and leases 414 161
Commercial | Commercial mortgage owner-occupied loans | Substandard    
Financing Receivable, Modifications    
Year One 6 69
Year Two 126 44
Year Three 55 38
Year Four 61 33
Year Five 70 27
Prior 75 12
Revolving and Other Loans 136 132
Total portfolio loans and leases 529 355
Commercial | Commercial mortgage owner-occupied loans | Doubtful    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving and Other Loans 0 0
Total portfolio loans and leases 0 0
Commercial | Commercial mortgage nonowner-occupied loans    
Financing Receivable, Modifications    
Year One 221 845
Year Two 1,499 605
Year Three 1,020 502
Year Four 870 699
Year Five 1,164 109
Prior 1,410 443
Revolving and Other Loans 8,699 2,883
Total portfolio loans and leases 14,883 6,086
Commercial | Commercial mortgage nonowner-occupied loans | Pass    
Financing Receivable, Modifications    
Year One 193 824
Year Two 1,478 542
Year Three 933 486
Year Four 846 638
Year Five 1,100 109
Prior 1,381 419
Revolving and Other Loans 7,869 2,628
Total portfolio loans and leases 13,800 5,646
Commercial | Commercial mortgage nonowner-occupied loans | Special mention    
Financing Receivable, Modifications    
Year One 5 1
Year Two 1 0
Year Three 21 0
Year Four 5 19
Year Five 11 0
Prior 24 0
Revolving and Other Loans 373 111
Total portfolio loans and leases 440 131
Commercial | Commercial mortgage nonowner-occupied loans | Substandard    
Financing Receivable, Modifications    
Year One 23 20
Year Two 20 63
Year Three 66 16
Year Four 19 42
Year Five 53 0
Prior 5 24
Revolving and Other Loans 457 144
Total portfolio loans and leases 643 309
Commercial | Commercial mortgage nonowner-occupied loans | Doubtful    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving and Other Loans 0 0
Total portfolio loans and leases 0 0
Commercial | Commercial construction loans    
Financing Receivable, Modifications    
Year One 0 44
Year Two 37 0
Year Three 0 0
Year Four 60 0
Year Five 0 27
Prior 27 0
Revolving and Other Loans 8,205 5,245
Total portfolio loans and leases 8,329 5,316
Commercial | Commercial construction loans | Pass    
Financing Receivable, Modifications    
Year One 0 44
Year Two 37 0
Year Three 0 0
Year Four 0 0
Year Five 0 27
Prior 27 0
Revolving and Other Loans 7,267 4,404
Total portfolio loans and leases 7,331 4,475
Commercial | Commercial construction loans | Special mention    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 60 0
Year Five 0 0
Prior 0 0
Revolving and Other Loans 538 548
Total portfolio loans and leases 598 548
Commercial | Commercial construction loans | Substandard    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving and Other Loans 400 293
Total portfolio loans and leases 400 293
Commercial | Commercial construction loans | Doubtful    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving and Other Loans 0 0
Total portfolio loans and leases 0 0
Commercial | Commercial leases    
Financing Receivable, Modifications    
Year One 459 1,258
Year Two 1,160 879
Year Three 850 277
Year Four 274 201
Year Five 179 179
Prior 601 475
Revolving and Other Loans 0 0
Total portfolio loans and leases 3,523 3,269
Commercial | Commercial leases | Pass    
Financing Receivable, Modifications    
Year One 451 1,255
Year Two 1,152 858
Year Three 814 266
Year Four 262 198
Year Five 176 173
Prior 594 472
Revolving and Other Loans 0 0
Total portfolio loans and leases 3,449 3,222
Commercial | Commercial leases | Special mention    
Financing Receivable, Modifications    
Year One 0 2
Year Two 5 6
Year Three 22 0
Year Four 0 0
Year Five 0 1
Prior 0 0
Revolving and Other Loans 0 0
Total portfolio loans and leases 27 9
Commercial | Commercial leases | Substandard    
Financing Receivable, Modifications    
Year One 8 1
Year Two 3 15
Year Three 14 11
Year Four 12 3
Year Five 3 5
Prior 7 3
Revolving and Other Loans 0 0
Total portfolio loans and leases 47 38
Commercial | Commercial leases | Doubtful    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving and Other Loans 0 0
Total portfolio loans and leases $ 0 $ 0
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Gross Charge-Offs Within the Commercial Portfolio Segments, by Class and Vintage (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Modifications    
Total $ 187 $ 173
Commercial    
Financing Receivable, Modifications    
Year One 0 0
Year Two 1 6
Year Three 0 4
Year Four 0 1
Year Five 0 0
Prior 6 13
Revolving Loans 70 43
Total 77 67
Commercial | Commercial and industrial loans    
Financing Receivable, Modifications    
Year One 0 0
Year Two 1 6
Year Three 0 4
Year Four 0 1
Year Five 0 0
Prior 6 0
Revolving Loans 70 43
Total 77 54
Commercial | Commercial mortgage owner-occupied loans    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 11
Revolving Loans 0 0
Total 0 11
Commercial | Commercial leases    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 2
Revolving Loans 0 0
Total $ 0 $ 2
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Credit Risk Profile of the Bancorp's Residential Mortgage and Consumer Portfolio Segments by Class (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Financing Receivable, Modifications      
Total portfolio loans and leases $ 176,250   $ 122,651
Residential Mortgage      
Financing Receivable, Modifications      
Residential mortgage loans 105 $ 109 106
Residential Mortgage | Federal Housing Administration Loan      
Financing Receivable, Modifications      
Losses due to claim denials and curtailments 0 $ 0  
Residential Mortgage | 30-89 days past due      
Financing Receivable, Modifications      
Residential mortgage loans 1   2
Residential Mortgage | 30-89 days past due | Federal Housing Administration Loan      
Financing Receivable, Modifications      
Total portfolio loans and leases 63   83
Residential Mortgage | 90 days or more past due      
Financing Receivable, Modifications      
Residential mortgage loans 1    
Residential Mortgage | 90 days or more past due | Federal Housing Administration Loan      
Financing Receivable, Modifications      
Total portfolio loans and leases 233   195
Residential Mortgage | Nonperforming      
Financing Receivable, Modifications      
Residential mortgage loans 4   4
Residential Mortgage | Residential mortgage loans      
Financing Receivable, Modifications      
Year One 390   1,871
Year Two 2,206   2,056
Year Three 2,129   907
Year Four 1,082   2,666
Year Five 2,859   4,123
Prior 10,736   5,923
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 19,402   17,546
Residential Mortgage | Residential mortgage loans | Performing | Current      
Financing Receivable, Modifications      
Year One 390   1,871
Year Two 2,205   2,047
Year Three 2,116   897
Year Four 1,073   2,649
Year Five 2,841   4,095
Prior 10,581   5,800
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 19,206   17,359
Residential Mortgage | Residential mortgage loans | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 1   4
Year Three 8   2
Year Four 1   3
Year Five 2   8
Prior 18   15
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 30   32
Residential Mortgage | Residential mortgage loans | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   2
Year Three 1   1
Year Four 0   0
Year Five 1   3
Prior 4   4
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 6   10
Residential Mortgage | Residential mortgage loans | Nonperforming      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   3
Year Three 4   7
Year Four 8   14
Year Five 15   17
Prior 133   104
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 160   145
Consumer      
Financing Receivable, Modifications      
Total portfolio loans and leases 53,391   49,089
Consumer | Residential mortgage loans      
Financing Receivable, Modifications      
Total portfolio loans and leases 19,507   17,652
Consumer | Home equity      
Financing Receivable, Modifications      
Year One 38   194
Year Two 188   137
Year Three 129   51
Year Four 47   27
Year Five 26   1
Prior 79   82
Revolving and Other Loans 6,053   4,266
Revolving Loans Converted to Term Loans 175   88
Total portfolio loans and leases 6,735   4,846
Consumer | Home equity | Performing | Current      
Financing Receivable, Modifications      
Year One 38   194
Year Two 188   137
Year Three 129   50
Year Four 46   27
Year Five 26   1
Prior 72   76
Revolving and Other Loans 5,933   4,182
Revolving Loans Converted to Term Loans 166   83
Total portfolio loans and leases 6,598   4,750
Consumer | Home equity | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 1   1
Revolving and Other Loans 30   23
Revolving Loans Converted to Term Loans 2   1
Total portfolio loans and leases 33   25
Consumer | Home equity | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 0   0
Consumer | Home equity | Nonperforming      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   1
Year Four 1   0
Year Five 0   0
Prior 6   5
Revolving and Other Loans 90   61
Revolving Loans Converted to Term Loans 7   4
Total portfolio loans and leases 104   71
Consumer | Indirect secured consumer loans      
Financing Receivable, Modifications      
Year One 2,363   7,881
Year Two 7,063   4,423
Year Three 3,948   1,917
Year Four 1,719   2,054
Year Five 1,832   1,241
Prior 1,371   448
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 18,296   17,964
Consumer | Indirect secured consumer loans | Performing | Current      
Financing Receivable, Modifications      
Year One 2,362   7,854
Year Two 7,032   4,387
Year Three 3,915   1,881
Year Four 1,687   2,004
Year Five 1,791   1,213
Prior 1,340   435
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 18,127   17,774
Consumer | Indirect secured consumer loans | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 1   23
Year Two 24   26
Year Three 23   24
Year Four 20   31
Year Five 25   17
Prior 18   8
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 111   129
Consumer | Indirect secured consumer loans | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 0   0
Consumer | Indirect secured consumer loans | Nonperforming      
Financing Receivable, Modifications      
Year One 0   4
Year Two 7   10
Year Three 10   12
Year Four 12   19
Year Five 16   11
Prior 13   5
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 58   61
Consumer | Credit card      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving and Other Loans 1,658   1,747
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 1,658   1,747
Consumer | Credit card | Performing | Current      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving and Other Loans 1,595   1,683
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 1,595   1,683
Consumer | Credit card | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving and Other Loans 16   18
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 16   18
Consumer | Credit card | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving and Other Loans 17   17
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 17   17
Consumer | Credit card | Nonperforming      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving and Other Loans 30   29
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 30   29
Consumer | Solar energy installation loans      
Financing Receivable, Modifications      
Year One 60   816
Year Two 768   730
Year Three 696   1,939
Year Four 1,892   1,044
Year Five 1,020   1
Prior 29   30
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 4,465   4,560
Consumer | Solar energy installation loans | Performing | Current      
Financing Receivable, Modifications      
Year One 57   814
Year Two 761   724
Year Three 690   1,914
Year Four 1,870   1,030
Year Five 1,007   1
Prior 29   29
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 4,414   4,512
Consumer | Solar energy installation loans | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 0   1
Year Two 2   4
Year Three 4   14
Year Four 12   7
Year Five 7   0
Prior 0   0
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 25   26
Consumer | Solar energy installation loans | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 0   0
Consumer | Solar energy installation loans | Nonperforming      
Financing Receivable, Modifications      
Year One 3   1
Year Two 5   2
Year Three 2   11
Year Four 10   7
Year Five 6   0
Prior 0   1
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 26   22
Consumer | Other consumer loans      
Financing Receivable, Modifications      
Year One 98   249
Year Two 318   105
Year Three 170   250
Year Four 273   385
Year Five 400   141
Prior 527   206
Revolving and Other Loans 923   960
Revolving Loans Converted to Term Loans 21   24
Total portfolio loans and leases 2,730   2,320
Consumer | Other consumer loans | Performing | Current      
Financing Receivable, Modifications      
Year One 97   248
Year Two 315   104
Year Three 168   245
Year Four 270   377
Year Five 391   139
Prior 523   204
Revolving and Other Loans 923   957
Revolving Loans Converted to Term Loans 21   22
Total portfolio loans and leases 2,708   2,296
Consumer | Other consumer loans | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 0   1
Year Two 3   1
Year Three 2   3
Year Four 2   5
Year Five 7   2
Prior 3   2
Revolving and Other Loans 0   1
Revolving Loans Converted to Term Loans 0   1
Total portfolio loans and leases 17   16
Consumer | Other consumer loans | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   0
Year Three 0   0
Year Four 0   0
Year Five 0   0
Prior 0   0
Revolving and Other Loans 0   0
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 0   0
Consumer | Other consumer loans | Nonperforming      
Financing Receivable, Modifications      
Year One 1   0
Year Two 0   0
Year Three 0   2
Year Four 1   3
Year Five 2   0
Prior 1   0
Revolving and Other Loans 0   2
Revolving Loans Converted to Term Loans 0   1
Total portfolio loans and leases 5   8
Residential Mortgage and Consumer      
Financing Receivable, Modifications      
Year One 2,949   11,011
Year Two 10,543   7,451
Year Three 7,072   5,064
Year Four 5,013   6,176
Year Five 6,137   5,507
Prior 12,742   6,689
Revolving and Other Loans 8,634   6,973
Revolving Loans Converted to Term Loans 196   112
Total portfolio loans and leases 53,286   48,983
Residential Mortgage and Consumer | Performing | Current      
Financing Receivable, Modifications      
Year One 2,944   10,981
Year Two 10,501   7,399
Year Three 7,018   4,987
Year Four 4,946   6,087
Year Five 6,056   5,449
Prior 12,545   6,544
Revolving and Other Loans 8,451   6,822
Revolving Loans Converted to Term Loans 187   105
Total portfolio loans and leases 52,648   48,374
Residential Mortgage and Consumer | Performing | 30-89 days past due      
Financing Receivable, Modifications      
Year One 1   25
Year Two 30   35
Year Three 37   43
Year Four 35   46
Year Five 41   27
Prior 40   26
Revolving and Other Loans 46   42
Revolving Loans Converted to Term Loans 2   2
Total portfolio loans and leases 232   246
Residential Mortgage and Consumer | Performing | 90 days or more past due      
Financing Receivable, Modifications      
Year One 0   0
Year Two 0   2
Year Three 1   1
Year Four 0   0
Year Five 1   3
Prior 4   4
Revolving and Other Loans 17   17
Revolving Loans Converted to Term Loans 0   0
Total portfolio loans and leases 23   27
Residential Mortgage and Consumer | Nonperforming      
Financing Receivable, Modifications      
Year One 4   5
Year Two 12   15
Year Three 16   33
Year Four 32   43
Year Five 39   28
Prior 153   115
Revolving and Other Loans 120   92
Revolving Loans Converted to Term Loans 7   5
Total portfolio loans and leases $ 383   $ 336
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Recorded Investment in Portfolio Loans and Leases by Age and Class (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases $ 176,250 $ 122,651
Commercial    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 122,859 73,562
90 Days Past Due and Still Accruing 25 3
Commercial | Current    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 122,180 73,264
Commercial | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 679 298
Commercial | 30 to 89 Days    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 504 188
Commercial | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 175 110
Commercial | Commercial and industrial loans    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 83,864 52,749
90 Days Past Due and Still Accruing 3 2
Commercial | Commercial and industrial loans | Current    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 83,403 52,481
Commercial | Commercial and industrial loans | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 461 268
Commercial | Commercial and industrial loans | 30 to 89 Days    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 322 173
Commercial | Commercial and industrial loans | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 139 95
Commercial | Commercial mortgage owner-occupied loans    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 12,260 6,142
90 Days Past Due and Still Accruing 0 0
Commercial | Commercial mortgage owner-occupied loans | Current    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 12,193 6,127
Commercial | Commercial mortgage owner-occupied loans | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 67 15
Commercial | Commercial mortgage owner-occupied loans | 30 to 89 Days    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 58 3
Commercial | Commercial mortgage owner-occupied loans | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 9 12
Commercial | Commercial mortgage nonowner-occupied loans    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 14,883 6,086
90 Days Past Due and Still Accruing 19 0
Commercial | Commercial mortgage nonowner-occupied loans | Current    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 14,788 6,083
Commercial | Commercial mortgage nonowner-occupied loans | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 95 3
Commercial | Commercial mortgage nonowner-occupied loans | 30 to 89 Days    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 71 1
Commercial | Commercial mortgage nonowner-occupied loans | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 24 2
Commercial | Commercial construction loans    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 8,329 5,316
90 Days Past Due and Still Accruing 2 1
Commercial | Commercial construction loans | Current    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 8,280 5,315
Commercial | Commercial construction loans | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 49 1
Commercial | Commercial construction loans | 30 to 89 Days    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 47 0
Commercial | Commercial construction loans | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 2 1
Commercial | Commercial leases    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 3,523 3,269
90 Days Past Due and Still Accruing 1 0
Commercial | Commercial leases | Current    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 3,516 3,258
Commercial | Commercial leases | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 7 11
Commercial | Commercial leases | 30 to 89 Days    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases 6 11
Commercial | Commercial leases | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Total portfolio loans and leases $ 1 $ 0
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Gross Charge-Offs Within the Residential Mortgage and Consumer Portfolio Segments, by Class and Vintage (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Modifications    
Total $ 187 $ 173
Consumer    
Financing Receivable, Modifications    
Total 110 106
Consumer | Home equity    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving Loans 2 2
Revolving Loans Converted to Term Loans 0 0
Total 2 2
Consumer | Indirect secured consumer loans    
Financing Receivable, Modifications    
Year One 0 0
Year Two 7 6
Year Three 8 11
Year Four 8 12
Year Five 12 4
Prior 5 3
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 40 36
Consumer | Credit card    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 0 0
Year Four 0 0
Year Five 0 0
Prior 0 0
Revolving Loans 19 22
Revolving Loans Converted to Term Loans 0 0
Total 19 22
Consumer | Solar energy installation loans    
Financing Receivable, Modifications    
Year One 0 0
Year Two 2 3
Year Three 4 11
Year Four 13 7
Year Five 7 0
Prior 0 0
Revolving Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 26 21
Consumer | Other consumer loans    
Financing Receivable, Modifications    
Year One 0 0
Year Two 1 1
Year Three 1 4
Year Four 3 7
Year Five 5 2
Prior 4 3
Revolving Loans 9 8
Revolving Loans Converted to Term Loans 0 0
Total 23 25
Consumer and residential mortgage loans    
Financing Receivable, Modifications    
Year One 0 0
Year Two 10 10
Year Three 13 26
Year Four 24 26
Year Five 24 6
Prior 9 6
Revolving Loans 30 32
Revolving Loans Converted to Term Loans 0 0
Total 110 106
Residential Mortgage    
Financing Receivable, Modifications    
Total $ 0 $ 0
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Amortized Cost Basis of the Bancorp's Collateral Dependent Loans (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Impaired    
Total portfolio loans and leases $ 741 $ 594
Commercial    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 492 346
Commercial | Commercial and industrial loans    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 350 322
Commercial | Commercial mortgage owner-occupied loans    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 68 19
Commercial | Commercial mortgage nonowner-occupied loans    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 12 5
Commercial | Commercial construction loans    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 62 0
Residential Mortgage    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 143 143
Consumer    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 106 105
Consumer | Home equity    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 70 70
Consumer | Indirect secured consumer loans    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis $ 36 $ 35
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Bancorp's Nonaccrual Loans and Leases by Class (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Financing Receivable, Modifications    
With an ALLL $ 675 $ 574
No Related ALLL 324 223
Total 999 797
Loans held for sale 1,365 733
Nonperforming    
Financing Receivable, Modifications    
Loans held for sale 141 70
Nonperforming | Government Insured    
Financing Receivable, Modifications    
Total 38 21
Commercial    
Financing Receivable, Modifications    
With an ALLL 428 371
No Related ALLL 145 56
Total 573 427
Commercial | Commercial and industrial loans    
Financing Receivable, Modifications    
With an ALLL 366 350
No Related ALLL 51 43
Total 417 393
Loans held for sale 535 46
Commercial | Commercial mortgage owner-occupied loans    
Financing Receivable, Modifications    
With an ALLL 50 16
No Related ALLL 30 13
Total 80 29
Commercial | Commercial mortgage nonowner-occupied loans    
Financing Receivable, Modifications    
With an ALLL 12 5
No Related ALLL 2 0
Total 14 5
Commercial | Commercial construction loans    
Financing Receivable, Modifications    
With an ALLL 0 0
No Related ALLL 62 0
Total 62 0
Loans held for sale 67 0
Residential Mortgage    
Financing Receivable, Modifications    
With an ALLL 84 69
No Related ALLL 80 80
Total 164 149
Consumer    
Financing Receivable, Modifications    
With an ALLL 163 134
No Related ALLL 60 57
Total 223 191
Consumer | Home equity    
Financing Receivable, Modifications    
With an ALLL 53 23
No Related ALLL 51 48
Total 104 71
Consumer | Indirect secured consumer loans    
Financing Receivable, Modifications    
With an ALLL 49 52
No Related ALLL 9 9
Total 58 61
Consumer | Credit card    
Financing Receivable, Modifications    
With an ALLL 30 29
No Related ALLL 0 0
Total 30 29
Consumer | Solar energy installation loans    
Financing Receivable, Modifications    
With an ALLL 26 22
No Related ALLL 0 0
Total 26 22
Consumer | Other consumer loans    
Financing Receivable, Modifications    
With an ALLL 5 8
No Related ALLL 0 0
Total 5 8
Nonaccrual portfolio loans and leases    
Financing Receivable, Modifications    
With an ALLL 675 574
No Related ALLL 285 193
Total 960 767
OREO and other repossessed property    
Financing Receivable, Modifications    
With an ALLL 0 0
No Related ALLL 39 30
Total $ 39 $ 30
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Financing Receivable, Allowance for Credit Losses      
Mortgage loans in process of foreclosure amount $ 162   $ 110
Financing receivable, excluding accrued interest, modified in period, amount $ 362 $ 254  
Loan modification program, percentage of modifications to total portfolio 0.21% 0.21%  
Loan modification program, loans excluded from modification program $ 22 $ 19  
Unfunded commitment amounts 160   $ 69
Commercial      
Financing Receivable, Allowance for Credit Losses      
Financing receivable, excluding accrued interest, modified in period, amount $ 334 $ 224  
Loan modification program, percentage of modifications to total portfolio 0.28% 0.31%  
Commercial | Minimum      
Financing Receivable, Allowance for Credit Losses      
Term extension period 3 months    
Commercial | Maximum      
Financing Receivable, Allowance for Credit Losses      
Term extension period 12 months    
Residential Mortgage      
Financing Receivable, Allowance for Credit Losses      
Financing receivable, excluding accrued interest, modified in period, amount $ 16 $ 18  
Loan modification program, percentage of modifications to total portfolio 0.08% 0.10%  
Modification program option, in-process modifications $ 44 $ 3  
Consumer      
Financing Receivable, Allowance for Credit Losses      
Financing receivable, excluding accrued interest, modified in period, amount $ 12 $ 12  
Loan modification program, percentage of modifications to total portfolio 0.04% 0.04%  
Consumer | Home equity      
Financing Receivable, Allowance for Credit Losses      
Financing receivable, excluding accrued interest, modified in period, amount $ 5 $ 4  
Loan modification program, percentage of modifications to total portfolio 0.07% 0.09%  
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Amortized Cost Basis of Commercial Loans Modified for Borrowers Experiencing Financial Difficulty (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 362 $ 254
Loan modification program, percentage of modifications to total portfolio 0.21% 0.21%
Commercial    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 334 $ 224
Loan modification program, percentage of modifications to total portfolio 0.28% 0.31%
Commercial | Term Extension    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 302 $ 87
Commercial | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 13 30
Commercial | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 107
Commercial | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 19 0
Commercial | Commercial and industrial loans    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 289 $ 121
Loan modification program, percentage of modifications to total portfolio 0.34% 0.23%
Commercial | Commercial and industrial loans | Term Extension    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 258 $ 50
Commercial | Commercial and industrial loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 12 6
Commercial | Commercial and industrial loans | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 65
Commercial | Commercial and industrial loans | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 19 0
Commercial | Commercial mortgage owner-occupied loans    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 9 $ 29
Loan modification program, percentage of modifications to total portfolio 0.07% 0.47%
Commercial | Commercial mortgage owner-occupied loans | Term Extension    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 9 $ 5
Commercial | Commercial mortgage owner-occupied loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 24
Commercial | Commercial mortgage owner-occupied loans | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Commercial | Commercial mortgage owner-occupied loans | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Commercial | Commercial mortgage nonowner-occupied loans    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 4 $ 24
Loan modification program, percentage of modifications to total portfolio 0.03% 0.39%
Commercial | Commercial mortgage nonowner-occupied loans | Term Extension    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 3 $ 24
Commercial | Commercial mortgage nonowner-occupied loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 1 0
Commercial | Commercial mortgage nonowner-occupied loans | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Commercial | Commercial mortgage nonowner-occupied loans | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Commercial | Commercial construction loans    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 32 $ 50
Loan modification program, percentage of modifications to total portfolio 0.38% 0.84%
Commercial | Commercial construction loans | Term Extension    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 32 $ 8
Commercial | Commercial construction loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Commercial | Commercial construction loans | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 42
Commercial | Commercial construction loans | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 0 $ 0
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Financial Impacts of Commercial Loans That Were Modified for Borrowers Experiencing Financial Difficulty (Details) - Commercial
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Commercial and industrial loans    
Financing Receivable, Modifications    
Weighted-average length of payment delay 4 months 4 months
Weighted-average length of term extensions 8 months 6 months
Commercial mortgage owner-occupied loans    
Financing Receivable, Modifications    
Weighted-average length of payment delay   10 months
Weighted-average length of term extensions 3 months 9 months
Commercial mortgage nonowner-occupied loans    
Financing Receivable, Modifications    
Weighted-average length of payment delay 3 months  
Weighted-average length of term extensions 11 months 4 months
Commercial construction loans    
Financing Receivable, Modifications    
Weighted-average length of payment delay   7 months
Weighted-average length of term extensions 9 months 13 months
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Commercial Loans That Were Modified for Borrowers Experiencing Financial Difficulty (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified in period, amount $ 362 $ 254
Commercial    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 627 522
Financing receivable, excluding accrued interest, modified in period, amount 334 224
Commercial | Commercial and industrial loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 399 252
Financing receivable, excluding accrued interest, modified in period, amount 289 121
Commercial | Commercial mortgage owner-occupied loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 39 90
Financing receivable, excluding accrued interest, modified in period, amount 9 29
Commercial | Commercial mortgage nonowner-occupied loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 89 72
Financing receivable, excluding accrued interest, modified in period, amount 4 24
Commercial | Commercial construction loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 100 108
Financing receivable, excluding accrued interest, modified in period, amount 32 50
Commercial | Current    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 557 458
Commercial | Current | Commercial and industrial loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 361 213
Commercial | Current | Commercial mortgage owner-occupied loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 39 66
Commercial | Current | Commercial mortgage nonowner-occupied loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 88 72
Commercial | Current | Commercial construction loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 69 107
Commercial | 30-89 days past due    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 43 7
Commercial | 30-89 days past due | Commercial and industrial loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 11 6
Commercial | 30-89 days past due | Commercial mortgage owner-occupied loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 0
Commercial | 30-89 days past due | Commercial mortgage nonowner-occupied loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 1 0
Commercial | 30-89 days past due | Commercial construction loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 31 1
Commercial | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 27 57
Commercial | 90 Days or More | Commercial and industrial loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 27 33
Commercial | 90 Days or More | Commercial mortgage owner-occupied loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 24
Commercial | 90 Days or More | Commercial mortgage nonowner-occupied loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 0
Commercial | 90 Days or More | Commercial construction loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months $ 0 $ 0
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Amortized Cost Basis of Modifications to Borrowers Experiencing Financial Difficulty (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Allowance for Credit Losses    
Financing receivable, excluding accrued interest, modified in period, amount $ 362 $ 254
Commercial    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 23 41
Financing receivable, excluding accrued interest, modified in period, amount 334 224
Commercial | Term Extension    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 23 0
Financing receivable, excluding accrued interest, modified in period, amount 302 87
Commercial | Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 11
Financing receivable, excluding accrued interest, modified in period, amount 0 107
Commercial | Term Extension and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 30
Commercial | Commercial and industrial loans    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 23 17
Financing receivable, excluding accrued interest, modified in period, amount 289 121
Commercial | Commercial and industrial loans | Term Extension    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 23 0
Financing receivable, excluding accrued interest, modified in period, amount 258 50
Commercial | Commercial and industrial loans | Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 11
Financing receivable, excluding accrued interest, modified in period, amount 0 65
Commercial | Commercial and industrial loans | Term Extension and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 6
Commercial | Commercial mortgage owner-occupied loans    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 24
Financing receivable, excluding accrued interest, modified in period, amount 9 29
Commercial | Commercial mortgage owner-occupied loans | Term Extension    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Financing receivable, excluding accrued interest, modified in period, amount 9 5
Commercial | Commercial mortgage owner-occupied loans | Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Commercial | Commercial mortgage owner-occupied loans | Term Extension and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty $ 0 $ 24
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Amortized Cost Basis of Residential Loans Modified for Borrowers Experiencing Financial Difficulty (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 362 $ 254
Loan modification program, percentage of modifications to total portfolio 0.21% 0.21%
Residential Mortgage    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 16 $ 18
Loan modification program, percentage of modifications to total portfolio 0.08% 0.10%
Residential Mortgage | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 10 $ 16
Loan modification program, percentage of modifications to total portfolio 0.05% 0.09%
Residential Mortgage | Term extension, interest rate reduction and payment delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 6 $ 2
Loan modification program, percentage of modifications to total portfolio 0.03% 0.01%
v3.26.1
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Amortized Cost Basis of Consumer Loans That Were Modified for Borrowers Experiencing Financial Difficulty (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 362 $ 254
Loan modification program, percentage of modifications to total portfolio 0.21% 0.21%
Consumer    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 12 $ 12
Loan modification program, percentage of modifications to total portfolio 0.04% 0.04%
Consumer | Contractual Interest Rate Reduction    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 6 $ 7
Consumer | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 1 2
Consumer | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 5 3
Consumer | Home equity    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 5 $ 4
Loan modification program, percentage of modifications to total portfolio 0.07% 0.09%
Consumer | Home equity | Contractual Interest Rate Reduction    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 0 $ 1
Consumer | Home equity | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Consumer | Home equity | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 5 3
Consumer | Credit card    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 6 $ 6
Loan modification program, percentage of modifications to total portfolio 0.36% 0.36%
Consumer | Credit card | Contractual Interest Rate Reduction    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 6 $ 6
Consumer | Credit card | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Consumer | Credit card | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Consumer | Solar energy installation loans    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 0 $ 1
Loan modification program, percentage of modifications to total portfolio 0.00% 0.02%
Consumer | Solar energy installation loans | Contractual Interest Rate Reduction    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 0 $ 0
Consumer | Solar energy installation loans | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 1
Consumer | Solar energy installation loans | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Consumer | Other consumer loans    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 1 $ 1
Loan modification program, percentage of modifications to total portfolio 0.04% 0.04%
Consumer | Other consumer loans | Contractual Interest Rate Reduction    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 0 $ 0
Consumer | Other consumer loans | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 1 1
Consumer | Other consumer loans | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 0 $ 0
v3.26.1
Goodwill - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Feb. 01, 2026
Mar. 31, 2026
Dec. 31, 2025
Goodwill [Line Items]      
Acquisition activity   $ 5,019 $ 29
Comerica Incorporated      
Goodwill [Line Items]      
Acquisition activity $ 5,000    
v3.26.1
Goodwill - Schedule of Goodwill (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Goodwill      
Goodwill     $ 5,883
Accumulated impairment losses     (965)
Goodwill [Roll Forward]      
Net carrying value, beginning of period $ 4,947 $ 4,918  
Acquisition activity 5,019 29  
Reallocation of goodwill   0  
Net carrying value, end of period 9,966 4,947  
Operating Segments | Commercial Banking      
Goodwill      
Goodwill     3,074
Accumulated impairment losses     (750)
Goodwill [Roll Forward]      
Net carrying value, beginning of period 2,280 2,324  
Acquisition activity 0 29  
Reallocation of goodwill   (73)  
Net carrying value, end of period 2,280 2,280  
Operating Segments | Consumer and Small Business Banking      
Goodwill      
Goodwill     2,584
Accumulated impairment losses     (215)
Goodwill [Roll Forward]      
Net carrying value, beginning of period 2,442 2,369  
Acquisition activity 0 0  
Reallocation of goodwill   73  
Net carrying value, end of period 2,442 2,442  
Operating Segments | Wealth and Asset Management      
Goodwill      
Goodwill     225
Accumulated impairment losses     0
Goodwill [Roll Forward]      
Net carrying value, beginning of period 225 225  
Acquisition activity 0 0  
Reallocation of goodwill   0  
Net carrying value, end of period 225 225  
General Corporate and Other      
Goodwill      
Goodwill     0
Accumulated impairment losses     $ 0
Goodwill [Roll Forward]      
Net carrying value, beginning of period 0 0  
Acquisition activity 5,019 0  
Reallocation of goodwill   0  
Net carrying value, end of period $ 5,019 $ 0  
v3.26.1
Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Feb. 01, 2026
Mar. 31, 2026
Mar. 31, 2025
Finite-Lived Intangible Assets      
Amortization expense   $ 45 $ 8
Comerica Incorporated      
Finite-Lived Intangible Assets      
Acquired finite-lived intangible asset $ 1,209    
Core deposit intangibles | Comerica Incorporated      
Finite-Lived Intangible Assets      
Acquired finite-lived intangible asset $ 1,200    
Weighted-average useful life, acquired finite-lived intangible assets 10 years    
v3.26.1
Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Finite-Lived Intangible Assets    
Gross Carrying Amount $ 1,570 $ 361
Accumulated Amortization (337) (292)
Net Carrying Amount 1,233 69
Core deposit intangibles    
Finite-Lived Intangible Assets    
Gross Carrying Amount 1,415 206
Accumulated Amortization (243) (203)
Net Carrying Amount 1,172 3
Developed technology    
Finite-Lived Intangible Assets    
Gross Carrying Amount 114 114
Accumulated Amortization (72) (67)
Net Carrying Amount 42 47
Customer relationships    
Finite-Lived Intangible Assets    
Gross Carrying Amount 28 28
Accumulated Amortization (12) (12)
Net Carrying Amount 16 16
Other    
Finite-Lived Intangible Assets    
Gross Carrying Amount 13 13
Accumulated Amortization (10) (10)
Net Carrying Amount $ 3 $ 3
v3.26.1
Intangible Assets - Estimated Amortization Expense (Details)
$ in Millions
Mar. 31, 2026
USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Remainder of 2026 $ 189
2027 222
2028 194
2029 167
2030 137
2031 $ 113
v3.26.1
Variable Interest Entities - Classifications of Consolidated VIE Assets, Liabilities and Noncontrolling Interest Included in the Bancorp's Consolidated Balance Sheets (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Assets        
Other short-term investments [1] $ 17,456 $ 18,876    
ALLL (2,922) [1] (2,253) [1] $ (2,384) $ (2,352)
Other assets [1] 19,978 12,485    
Assets 297,039 214,376    
Liabilities        
Other liabilities [1] 6,642 4,235    
Long-term debt [1] 18,753 13,589    
Total Liabilities 262,933 192,652    
Variable Interest Entity, Primary Beneficiary | Automobile And Solar Loan        
Assets        
Other short-term investments 38 38    
Indirect secured consumer loans 437 526    
Solar energy installation loans 26 28    
ALLL (8) (9)    
Other assets 3 3    
Assets 496 586    
Liabilities        
Other liabilities 10 11    
Long-term debt 391 473    
Total Liabilities $ 401 $ 484    
[1] Includes $38 and $38 of other short-term investments, $463 and $554 of portfolio loans and leases, $(8) and $(9) of ALLL, $3 and $3 of other assets, $10 and $11 of other liabilities and $391 and $473 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2026 and December 31, 2025, respectively. For further information, refer to Note 10.
v3.26.1
Variable Interest Entities - Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Variable Interest Entity    
Total Assets $ 297,039 $ 214,376
Total Liabilities 262,933 192,652
Variable Interest Entity, Not Primary Beneficiary | CDC investments    
Variable Interest Entity    
Total Assets 3,002 2,293
Total Liabilities 988 714
Maximum Exposure 3,051 2,345
Variable Interest Entity, Not Primary Beneficiary | Private equity investments    
Variable Interest Entity    
Total Assets 350 330
Total Liabilities 0 0
Maximum Exposure 677 640
Variable Interest Entity, Not Primary Beneficiary | Loans provided to VIEs    
Variable Interest Entity    
Total Assets 4,205 4,340
Total Liabilities 0 0
Maximum Exposure 7,737 7,738
Variable Interest Entity, Not Primary Beneficiary | Lease pool entities    
Variable Interest Entity    
Total Assets 18 20
Total Liabilities 0 0
Maximum Exposure 18 20
Variable Interest Entity, Not Primary Beneficiary | Solar loan securitizations    
Variable Interest Entity    
Total Assets 7 7
Total Liabilities 0 0
Maximum Exposure $ 7 $ 7
v3.26.1
Variable Interest Entities - Additional Information (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
CDC investments      
Variable Interest Entity      
CDC investments $ 2,800   $ 2,100
Unfunded commitments in qualifying LIHTC investments $ 988   $ 714
CDC investments | Minimum      
Variable Interest Entity      
Unfunded commitments, year expected to be funded 2026    
CDC investments | Maximum      
Variable Interest Entity      
Unfunded commitments, year expected to be funded 2044    
Private equity investments      
Variable Interest Entity      
Capital contribution to private equity investments $ 13 $ 17  
v3.26.1
Variable Interest Entities - Schedule of Investments, Proportional Amortization Method (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Proportional amortization $ 20,000,000 $ 47,000,000
Tax credits and other benefits (24,000,000) (56,000,000)
Changes in carrying amounts of equity method investments 2,000,000 2,000,000
Impairment losses $ 0 $ 0
v3.26.1
Sales of Receivables and Servicing Rights - Activity Related to Mortgage Banking Net Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Transfers and Servicing [Abstract]    
Residential mortgage loan sales $ 1,281 $ 1,003
Origination fees and gains on loan sales 23 14
Gross mortgage servicing fees $ 70 $ 74
v3.26.1
Sales of Receivables and Servicing Rights - Changes in the Servicing Assets (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Servicing Asset at Fair Value, Amount [Roll Forward]    
Balance, beginning of period $ 1,598 $ 1,704
Servicing rights originated 23 9
Changes in fair value:    
Due to changes in inputs or assumptions 1 (16)
Other changes in fair value (39) (34)
Balance, end of period $ 1,583 $ 1,663
v3.26.1
Sales of Receivables and Servicing Rights - Servicing Rights and Residual Interests Economic Assumptions (Details) - Fixed-rate
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Schedule of Servicing Assets at Amortized Value    
Weighted- Average Life (in years) 7 years 8 months 12 days 7 years 4 months 24 days
Prepayment Speed (annual) (as a percent) 10.80% 10.70%
OAS (bps) 0.0665 0.0483
v3.26.1
Sales of Receivables and Servicing Rights - Additional Information (Details) - USD ($)
$ in Billions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Transfers and Servicing [Abstract]    
Servicing of residential mortgage loans for other investors $ 86.7 $ 87.8
Weighted-average coupon of the MSR portfolio (as a percent) 3.88% 3.86%
v3.26.1
Sales of Receivables and Servicing Rights - Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Fixed-rate  
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption  
Fair Value $ 1,580
Weighted- Average Life (in years) 8 years
Prepayment Speed Assumption, Rate (as a percent) 6.80%
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 10% $ (37)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 20% (72)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 50% $ (168)
OAS Speed Assumption, OAS (bps) 0.0431
OAS Spread Assumption, Impact of Adverse Change on Fair Value 10% $ (31)
OAS Spread Assumption, Impact of Adverse Change on Fair Value 20% (64)
Adjustable-rate  
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption  
Fair Value $ 3
Weighted- Average Life (in years) 4 years 4 months 24 days
Prepayment Speed Assumption, Rate (as a percent) 18.70%
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 10% $ 0
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 20% (1)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 50% $ (2)
OAS Speed Assumption, OAS (bps) 0.0711
OAS Spread Assumption, Impact of Adverse Change on Fair Value 10% $ 0
OAS Spread Assumption, Impact of Adverse Change on Fair Value 20% $ (1)
v3.26.1
Derivative Financial Instruments - Additional Information (Details) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Derivative      
Collateral held for derivative assets $ 1,600,000,000   $ 576,000,000
Amount of variation margin payment applied to derivative asset contracts 386,000,000   270,000,000
Valuation adjustments related to the credit risk associated with counterparties of customer accommodation derivative contracts 10,000,000   6,000,000
Amount of variation margin payment applied to derivative liability contracts 489,000,000   415,000,000
Gain or losses reclassified from AOCI into earnings associated with the discontinuance of cash flow hedges 0 $ 0  
Total collateral      
Derivative      
Collateral held for derivative liabilities $ 3,100,000,000   868,000,000
Interest rate contracts      
Derivative      
Maximum length of time of hedging exposure 70 months    
Deferred loss, net of tax, on cash flow hedges recorded in accumulated other comprehensive income $ 321,000,000   275,000,000
Net deferred loss, net of tax, recorded in AOCI are expected to be reclassified into earnings 79,000,000    
Interest rate contracts | Credit Risk      
Derivative      
Notional amount of the risk participations agreements 3,800,000,000   3,200,000,000
Fair value of risk participation agreements $ 9,000,000   $ 4,000,000
v3.26.1
Derivative Financial Instruments - Notional Amounts and Fair Values for All Derivative Instruments Included in the Condensed Consolidated Balance Sheets (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Derivatives, Fair Value    
Derivative Assets $ 3,330 $ 1,868
Derivative Liabilities 3,501 2,034
Amount of variation margin payment applied to derivative asset contracts 386 270
Amount of variation margin payment applied to derivative liability contracts 489 415
Designated as Hedging Instrument    
Derivatives, Fair Value    
Derivative Assets 2 8
Derivative Liabilities 14 0
Designated as Hedging Instrument | Fair Value Hedging    
Derivatives, Fair Value    
Derivative Assets 1 1
Derivative Liabilities 12 0
Designated as Hedging Instrument | Fair Value Hedging | Interest rate swap | Long-term debt    
Derivatives, Fair Value    
Notional Amount 6,105 4,205
Derivative Assets 1 1
Derivative Liabilities 12 0
Designated as Hedging Instrument | Cash Flow Hedging    
Derivatives, Fair Value    
Derivative Assets 1 7
Derivative Liabilities 2 0
Designated as Hedging Instrument | Cash Flow Hedging | Interest rate swap | Commercial and industrial    
Derivatives, Fair Value    
Notional Amount 6,850 6,850
Derivative Assets 0 5
Derivative Liabilities 2 0
Designated as Hedging Instrument | Cash Flow Hedging | Interest rate swap | Commercial mortgage and commercial construction    
Derivatives, Fair Value    
Notional Amount 4,000  
Derivative Assets 1  
Derivative Liabilities 0  
Designated as Hedging Instrument | Cash Flow Hedging | Forward starting interest rate swap | Commercial mortgage and commercial construction    
Derivatives, Fair Value    
Notional Amount   4,000
Derivative Assets   2
Derivative Liabilities   0
Not Designated as Hedging Instrument    
Derivatives, Fair Value    
Derivative Assets 3,328 1,860
Derivative Liabilities 3,487 2,034
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes    
Derivatives, Fair Value    
Derivative Assets 28 7
Derivative Liabilities 93 130
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Interest rate contracts related to MSR portfolio    
Derivatives, Fair Value    
Notional Amount 4,105 4,275
Derivative Assets 7 6
Derivative Liabilities 9 1
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Forward contracts related to residential mortgage loans measured at fair value | Loans Measured At Fair Value    
Derivatives, Fair Value    
Notional Amount 1,382 1,072
Derivative Assets 11 1
Derivative Liabilities 2 3
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Swap    
Derivatives, Fair Value    
Notional Amount 2,480 2,678
Derivative Assets 0 0
Derivative Liabilities 82 124
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Foreign exchange contracts    
Derivatives, Fair Value    
Notional Amount 500 150
Derivative Assets 10 0
Derivative Liabilities 0 2
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Other    
Derivatives, Fair Value    
Notional Amount 80 82
Derivative Assets 0 0
Derivative Liabilities 0 0
Not Designated as Hedging Instrument | Customer Accommodation    
Derivatives, Fair Value    
Derivative Assets 3,300 1,853
Derivative Liabilities 3,394 1,904
Not Designated as Hedging Instrument | Customer Accommodation | Foreign exchange contracts    
Derivatives, Fair Value    
Notional Amount 24,575 26,166
Derivative Assets 543 659
Derivative Liabilities 486 626
Not Designated as Hedging Instrument | Customer Accommodation | Interest rate contracts    
Derivatives, Fair Value    
Notional Amount 102,255 82,901
Derivative Assets 553 443
Derivative Liabilities 711 540
Amount of variation margin payment applied to derivative asset contracts 239 120
Amount of variation margin payment applied to derivative liability contracts 37 29
Not Designated as Hedging Instrument | Customer Accommodation | Interest rate lock commitments    
Derivatives, Fair Value    
Notional Amount 486 317
Derivative Assets 7 5
Derivative Liabilities 1 0
Not Designated as Hedging Instrument | Customer Accommodation | Commodity contracts    
Derivatives, Fair Value    
Notional Amount 35,186 16,945
Derivative Assets 2,197 746
Derivative Liabilities 2,196 738
Not Designated as Hedging Instrument | Customer Accommodation | TBA securities    
Derivatives, Fair Value    
Notional Amount 53 31
Derivative Assets 0 0
Derivative Liabilities $ 0 $ 0
v3.26.1
Derivative Financial Instruments - Change in the Fair Value for Interest Rate Contracts and the Related Hedged Items (Details) - Fair Value Hedging - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Available-for-sale debt and other securities      
Derivatives, Fair Value      
Cumulative amount of fair value hedging adjustments remaining for hedged items for which hedge accounting has been discontinued $ (7)   $ (7)
Long-term debt      
Derivatives, Fair Value      
Carrying amount of the hedged items 6,081   4,204
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items (10)   $ 10
Interest rate contracts | Interest on long-term debt      
Derivatives, Fair Value      
Change in fair value of interest rate swaps hedging long-term debt (19) $ 68  
Change in fair value of hedged long-term debt attributable to the risk being hedged $ 20 $ (68)  
v3.26.1
Derivative Financial Instruments - Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges (Details) - Cash Flow Hedging - Interest Income (Expense) Net - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of pre-tax net (losses) gains recognized in OCI $ (81) $ 253
Amount of pre-tax net losses reclassified from OCI into net income $ (21) $ (56)
v3.26.1
Derivative Financial Instruments - Net Gains (Losses) Recorded in the Condensed Consolidated Statements of Income Relating to Free-Standing Derivative Instruments Used for Risk Management and Other Business Purposes (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest rate contracts | Mortgage banking net revenue | MSR portfolio    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings $ (11) $ 19
Forward contracts related to residential mortgage loans measured at fair value | Mortgage banking net revenue    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings 9 (9)
Foreign exchange contracts | Other noninterest income    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings 10 0
Equity contracts | Other noninterest income | Swap    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings $ 8 $ (18)
v3.26.1
Derivative Financial Instruments - Net Gains (Losses) Recorded in the Consolidated Statements of Income Relating to Free-Standing Derivative Instruments Used For Customer Accommodation (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest rate contracts | Contract revenue | Capital market fees    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings $ 10 $ 8
Interest rate contracts | Credit portion of fair value adjustment | Other noninterest expense    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings 1 (3)
Interest rate contracts | Interest rate lock commitments | Mortgage banking net revenue    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings 15 15
Commodity contracts | Contract revenue | Capital market fees    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings 12 6
Commodity contracts | Credit portion of fair value adjustment | Other noninterest expense    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings (5) 0
Foreign exchange contracts | Other noninterest income    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings 10 0
Foreign exchange contracts | Contract revenue | Capital market fees    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings 27 19
Foreign exchange contracts | Contract revenue | Other noninterest income    
Derivative Instruments, Gain (Loss)    
Net gains (losses) recorded in earnings $ 4 $ (10)
v3.26.1
Derivative Financial Instruments - Offsetting Derivative Financial Instruments (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Derivative assets    
Gross Amount Recognized in the Condensed Consolidated Balance Sheets $ 3,323 $ 1,863
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Derivatives (1,382) (959)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral (357) (261)
Net Amount 1,584 643
Derivative liabilities    
Gross Amount Recognized in the Consolidated Balance Sheets 3,500 2,034
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Derivatives (1,382) (959)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral (729) (142)
Net Amount $ 1,389 $ 933
v3.26.1
Short-Term Borrowings - Summary of Short-Term Borrowings (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Short-Term Debt [Abstract]    
FHLB advances $ 750 $ 300
Securities sold under repurchase agreements 338 311
Derivative collateral 0 19
Other borrowed money 43 70
Federal funds purchased 158 226
Short-Term Debt, Total $ 1,289 $ 926
v3.26.1
Long-Term Debt (Details) - USD ($)
$ in Millions
Jan. 29, 2026
Feb. 01, 2026
Comerica Incorporated    
Debt Instrument [Line Items]    
Long-term debt assumed   $ 5,529
Long-term debt assumed   $ 5,529
Senior Notes | Fixed Rate Floating Rate 4.566% Senior Notes Due 2032 | Parent Company    
Debt Instrument [Line Items]    
Principal amount $ 1,000  
Senior Notes | Fixed-Rate/Floating-Rate 4.566 Percent Senior Notes Due April 29, 2032 | Parent Company    
Debt Instrument [Line Items]    
Interest rate 4.566%  
Basis spread on variable rate (as a percent) 0.95%  
Senior Notes | Fixed-Rate/Floating-Rate 4.566 Percent Senior Notes Due April 29, 2032 | Redemption Period One | Parent Company    
Debt Instrument [Line Items]    
Redemption period 180 days  
Senior Notes | Fixed-Rate/Floating-Rate 4.566 Percent Senior Notes Due April 29, 2032 | Redemption Period Two | Parent Company    
Debt Instrument [Line Items]    
Redemption period 1 year  
Senior Notes | Fixed-Rate/Floating-Rate 4.566 Percent Senior Notes Due April 29, 2032 | Redemption Period Three | Parent Company    
Debt Instrument [Line Items]    
Redemption period 30 days  
Senior Notes | Fixed-Rate/Floating-Rate 5.141 Percent Senior Notes Due January 29, 2037 | Parent Company    
Debt Instrument [Line Items]    
Principal amount $ 1,000  
Interest rate 5.141%  
Basis spread on variable rate (as a percent) 1.24%  
Senior Notes | Fixed-Rate/Floating-Rate 5.141 Percent Senior Notes Due January 29, 2037 | Redemption Period One | Parent Company    
Debt Instrument [Line Items]    
Redemption period 180 days  
Senior Notes | Fixed-Rate/Floating-Rate 5.141 Percent Senior Notes Due January 29, 2037 | Redemption Period Two | Parent Company    
Debt Instrument [Line Items]    
Redemption period 1 year  
Senior Notes | Fixed-Rate/Floating-Rate 5.141 Percent Senior Notes Due January 29, 2037 | Redemption Period Three | Parent Company    
Debt Instrument [Line Items]    
Redemption period 90 days  
v3.26.1
Long-Term Debt - Loans Assumed In Acquisition (Details) - Comerica Incorporated
$ in Millions
Feb. 01, 2026
USD ($)
Debt Instrument [Line Items]  
Long-term debt assumed $ 5,529
FHLB Advances | Subsidiaries | Weighted-Average  
Debt Instrument [Line Items]  
Interest rate 4.588%
Senior Notes | Fixed-Rate 4.00% Senior Notes Due in 2029  
Debt Instrument [Line Items]  
Interest rate 4.00%
Long-term debt assumed $ 547
Senior Notes | Fixed-Rate 5.982% Senior Notes Due 2030  
Debt Instrument [Line Items]  
Interest rate 5.982%
Long-term debt assumed $ 1,046
Subordinated Debt | Fixed-Rate 3.80% Senior Notes Due 2026  
Debt Instrument [Line Items]  
Interest rate 3.80%
Long-term debt assumed $ 250
Subordinated Debt | Fixed-Rate 7.875% Notes Due 2026  
Debt Instrument [Line Items]  
Interest rate 7.875%
Long-term debt assumed $ 152
Subordinated Debt | Fixed-Rate 5.332% Notes Due 2033  
Debt Instrument [Line Items]  
Interest rate 5.332%
Long-term debt assumed $ 506
Federal Home Loan Bank Advances  
Debt Instrument [Line Items]  
Long-term debt assumed $ 3,028
v3.26.1
Commitments, Contingent Liabilities and Guarantees - Summary of Significant Commitments (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Commitments to extend credit    
Long-term Purchase Commitment    
Commitments $ 112,467 $ 84,405
Letters of credit    
Long-term Purchase Commitment    
Commitments 6,261 2,095
Forward contracts related to residential mortgage loans measured at fair value    
Long-term Purchase Commitment    
Commitments 1,382 1,072
Capital commitments for private equity investments    
Long-term Purchase Commitment    
Commitments 327 310
Capital expenditures    
Long-term Purchase Commitment    
Commitments $ 203 $ 147
v3.26.1
Commitments, Contingent Liabilities and Guarantees - Additional Information (Details) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
Feb. 01, 2026
Dec. 31, 2025
Sep. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2008
Loss Contingencies              
Margin account balance held by the brokerage clearing agent $ 17   $ 13        
Derivative Liabilities 3,501   2,034        
Total Return Swap              
Loss Contingencies              
Derivative Liabilities 82   124        
Comerica Incorporated | Total Return Swap              
Loss Contingencies              
Business Combination, Recognized Liability Assumed, Financial Liability   $ 6          
Visa              
Loss Contingencies              
Visa IPO, shares of Visa's Class B common stock received (in shares)             10.1
Visa Class B shares carryover basis             $ 0
Escrow deposit 125   500 $ 500 $ 375 $ 8,115 $ 3,000
Residential mortgage loans              
Loss Contingencies              
Fair value of liability 6            
Repurchase demand request 9            
Outstanding repurchase demand inventory 7   5        
Swap              
Loss Contingencies              
Derivative Liabilities 82       $ 173    
Secured Debt              
Loss Contingencies              
Fully and unconditionally guaranteed certain long-term borrowing obligations issued by wholly-owned issuing trust entities 62   62        
Standby Letters of Credit              
Loss Contingencies              
Reserve for unfunded commitments $ 20   $ 9        
Standby letters of credit as a percentage of total letters of credit 99.00%   99.00%        
Standby Letters of Credit | Secured Debt              
Loss Contingencies              
Standby letters of credit as a percentage of total letters of credit 78.00%   77.00%        
Other Liabilities              
Loss Contingencies              
Reserve for unfunded commitments $ 232   $ 157        
Other Liabilities | Comerica Incorporated              
Loss Contingencies              
Reserve for unfunded commitments 75            
Other Liabilities | Residential mortgage loans              
Loss Contingencies              
Outstanding balances on residential mortgage loans sold with representation and warranty provisions $ 4   $ 4        
v3.26.1
Commitments, Contingent Liabilities and Guarantees - Risk Rating Under the Risk Rating System (Details) - Commitments to extend credit - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Line of Credit Facility    
Commitments $ 112,467 $ 84,405
Pass    
Line of Credit Facility    
Commitments 109,847 82,536
Special mention    
Line of Credit Facility    
Commitments 1,312 834
Substandard    
Line of Credit Facility    
Commitments 1,275 991
Doubtful    
Line of Credit Facility    
Commitments $ 33 $ 44
v3.26.1
Commitments, Contingent Liabilities and Guarantees - Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party (Details) - Letters of credit
$ in Millions
Mar. 31, 2026
USD ($)
Line of Credit Facility  
Commitments $ 6,261
Less than 1 year  
Line of Credit Facility  
Commitments 5,032
Less than 1 year | Commercial  
Line of Credit Facility  
Commitments 5
1 - 5 years  
Line of Credit Facility  
Commitments 1,227
1 - 5 years | Commercial  
Line of Credit Facility  
Commitments 3
Over 5 years  
Line of Credit Facility  
Commitments $ 2
v3.26.1
Commitments, Contingent Liabilities and Guarantees - Letters of Credit (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Fair Value, Off-balance Sheet Risks, Disclosure Information    
Letters of credit $ 6,261 $ 2,095
Pass    
Fair Value, Off-balance Sheet Risks, Disclosure Information    
Letters of credit 5,963 1,923
Special mention    
Fair Value, Off-balance Sheet Risks, Disclosure Information    
Letters of credit 140 55
Substandard    
Fair Value, Off-balance Sheet Risks, Disclosure Information    
Letters of credit 154 113
Doubtful    
Fair Value, Off-balance Sheet Risks, Disclosure Information    
Letters of credit $ 4 $ 4
v3.26.1
Commitments, Contingent Liabilities and Guarantees - Visa Funding and Bancorp Cash Payments (Details) - USD ($)
$ in Millions
 3 Months Ended 180 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2008
Visa Funding            
Loss Contingencies            
Visa Funding Amount $ 125 $ 500 $ 500 $ 375 $ 8,115 $ 3,000
Bancorp Cash Payment            
Loss Contingencies            
Bancorp Cash Payment Amount $ 6 $ 21 $ 21 $ 15 $ 354  
v3.26.1
Legal and Regulatory Proceedings (Details)
$ in Millions
 1 Months Ended 12 Months Ended
Mar. 29, 2023
USD ($)
Sep. 17, 2018
USD ($)
Oct. 31, 2012
merchant
Dec. 31, 2013
USD ($)
Mar. 31, 2026
USD ($)
Loss Contingencies          
Apr percentage allegedly misleading       120.00%  
Damages sought       $ 440  
Damages awarded $ 2        
Amount in excess of amounts reserved         $ 85
Federal Lawsuits          
Loss Contingencies          
Number of merchants requesting exclusion | merchant     500    
Class Action Settlement          
Loss Contingencies          
Total payment by all defendants   $ 6,240      
v3.26.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Tax Disclosure [Abstract]    
Applicable income tax expense $ 42 $ 138
Effective income tax rate (percent) 20.10% 21.20%
v3.26.1
Retirement and Benefit Plans - Summary of plans (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Feb. 01, 2026
Postemployment Retirement Benefits | Acquired Comerica Plans    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets $ 42  
Accumulated benefit obligation 13  
Funded status 29  
Qualified Plan | Pension Plan | Acquired Comerica Plans    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 2,970  
Projected benefit obligation 1,615  
Accumulated benefit obligation 1,595  
Funded status 1,355  
Nonqualified Plan | Pension Plan    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets   $ 0
Nonqualified Plan | Pension Plan | Acquired Comerica Plans    
Defined Benefit Plan Disclosure [Line Items]    
Fair value of plan assets 0  
Projected benefit obligation 158  
Accumulated benefit obligation 154  
Funded status $ (158)  
v3.26.1
Retirement and Benefit Plans - Narrative (Details) - USD ($)
$ in Millions
 2 Months Ended
Mar. 31, 2026
Feb. 01, 2026
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Requisite term of service 3 years  
Pension Plan    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Recognized service cost $ 7  
Other net periodic pension benefit (5)  
Expense related to retirement termination benefit 11  
Pension Plan | Nonqualified Plan    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in non-qualified plan   $ 0
Pension Plan | Qualified Plan    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Fees paid for accounting and administrative duties to Trustee $ 0  
Pension Plan | Fixed Income Securities | Qualified Plan | Minimum    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Target allocations for plan investments 55.00%  
Pension Plan | Fixed Income Securities | Qualified Plan | Maximum    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Target allocations for plan investments 65.00%  
Pension Plan | Equity securities | Qualified Plan | Minimum    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Target allocations for plan investments 35.00%  
Pension Plan | Equity securities | Qualified Plan | Maximum    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Target allocations for plan investments 45.00%  
v3.26.1
Retirement and Benefit Plans - Assumptions used in Calculating Benefit Obligation (Details) - Acquired Comerica Plans
 2 Months Ended
Mar. 31, 2026
Pension Plan | Qualified Plan  
Defined Benefit Plan Disclosure [Line Items]  
Discount rate 5.62%
Rate of compensation increase 4.50%
Expected long-term return on plan assets 6.75%
Pension Plan | Qualified Plan | Minimum  
Defined Benefit Plan Disclosure [Line Items]  
Interest crediting rate 4.87%
Pension Plan | Qualified Plan | Maximum  
Defined Benefit Plan Disclosure [Line Items]  
Interest crediting rate 5.25%
Pension Plan | Nonqualified Plan  
Defined Benefit Plan Disclosure [Line Items]  
Discount rate 5.57%
Rate of compensation increase 4.50%
Pension Plan | Nonqualified Plan | Minimum  
Defined Benefit Plan Disclosure [Line Items]  
Interest crediting rate 4.87%
Pension Plan | Nonqualified Plan | Maximum  
Defined Benefit Plan Disclosure [Line Items]  
Interest crediting rate 5.25%
Postemployment Retirement Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Discount rate 5.40%
Expected long-term return on plan assets 2.50%
v3.26.1
Retirement and Benefit Plans - Schedule of Estimated Future Benefit Payments (Details)
$ in Millions
Mar. 31, 2026
USD ($)
Pension Plan | Qualified Plan  
Defined Benefit Plan Disclosure [Line Items]  
Remainder of 2026 $ 178
2027 151
2028 147
2029 148
2030 147
2031 - 2035 684
Pension Plan | Nonqualified Plan  
Defined Benefit Plan Disclosure [Line Items]  
Remainder of 2026 15
2027 15
2028 15
2029 15
2030 15
2031 - 2035 71
Postemployment Retirement Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Remainder of 2026 2
2027 2
2028 2
2029 2
2030 1
2031 - 2035 $ 5
v3.26.1
Retirement and Benefit Plans - Schedule of Qualified Plan Assets at Fair Value (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Accrued interest receivable $ 775 $ 534
Pension Plan    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets at fair value 2,948  
Interest receivable excluded from plan assets 22  
Pension Plan | Level 1    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 700  
Pension Plan | Level 2    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 983  
Pension Plan | Level 3    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 0  
Pension Plan | Total Fair Value    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 1,683  
Pension Plan | Debt Securities | Level 1    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 700  
Pension Plan | Debt Securities | Level 2    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 983  
Pension Plan | Debt Securities | Level 3    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 0  
Pension Plan | Debt Securities | Total Fair Value    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 1,683  
Pension Plan | U.S. Treasury and federal agencies securities | Level 1    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 700  
Pension Plan | U.S. Treasury and federal agencies securities | Level 2    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 6  
Pension Plan | U.S. Treasury and federal agencies securities | Level 3    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 0  
Pension Plan | U.S. Treasury and federal agencies securities | Total Fair Value    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 706  
Pension Plan | Asset-Backed Securities | Level 1    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 0  
Pension Plan | Asset-Backed Securities | Level 2    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 936  
Pension Plan | Asset-Backed Securities | Level 3    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 0  
Pension Plan | Asset-Backed Securities | Total Fair Value    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 936  
Pension Plan | Private Placement Securities | Level 1    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 0  
Pension Plan | Private Placement Securities | Level 2    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 41  
Pension Plan | Private Placement Securities | Level 3    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 0  
Pension Plan | Private Placement Securities | Total Fair Value    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy 41  
Pension Plan | Collective Investment Funds | Investments measured at NAV    
Defined Benefit Plan, Plan Assets, Category [Line Items]    
Plan assets in the fair value hierarchy $ 1,265  
v3.26.1
Accumulated Other Comprehensive Income - Activity in AOCI (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Pretax unrealized losses $ (162) $ 974
Other comprehensive income (loss), tax effect 38 (233)
Other comprehensive (loss) income, net of tax (124) 741
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning Balance 21,724 19,645
Net Activity (124) 741
Ending Balance 34,106 20,403
Accumulated Other Comprehensive Loss    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Other comprehensive (loss) income, net of tax (124) 741
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning Balance (3,110) (4,636)
Net Activity (124) 741
Ending Balance (3,234) (3,895)
Available-for-sale debt securities    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Other comprehensive income (loss) before reclassifications, pre-tax activity (129) 633
Other comprehensive income (loss), before reclassifications, tax effect 29 (152)
Other comprehensive income (loss), before reclassifications, net activity 100 (481)
Pretax unrealized losses (129) 633
Other comprehensive income (loss), tax effect 29 (152)
Other comprehensive (loss) income, net of tax (100) 481
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning Balance (2,231) (3,280)
Net Activity (100) 481
Ending Balance (2,331) (2,799)
Available-for-sale debt securities transferred to held-to-maturity securities    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Reclassification adjustment, pre-tax activity 27 32
Reclassification adjustment, tax effect (5) (7)
Reclassification adjustment, net activity 22 25
Pretax unrealized losses 27 32
Other comprehensive income (loss), tax effect (5) (7)
Other comprehensive (loss) income, net of tax 22 25
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning Balance (587) (684)
Net Activity 22 25
Ending Balance (565) (659)
Cash flow hedge derivatives    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Other comprehensive income (loss) before reclassifications, pre-tax activity (81) 253
Other comprehensive income (loss), before reclassifications, tax effect 19 (60)
Other comprehensive income (loss), before reclassifications, net activity 62 (193)
Reclassification adjustment, pre-tax activity 21 56
Reclassification adjustment, tax effect (5) (14)
Reclassification adjustment, net activity 16 42
Pretax unrealized losses (60) 309
Other comprehensive income (loss), tax effect 14 (74)
Other comprehensive (loss) income, net of tax (46) 235
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning Balance (275) (654)
Net Activity (46) 235
Ending Balance (321) (419)
Net periodic benefit costs    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Pretax unrealized losses 0 0
Other comprehensive income (loss), tax effect 0 0
Other comprehensive (loss) income, net of tax 0 0
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning Balance (15) (16)
Net Activity 0 0
Ending Balance (15) (16)
Other    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Pretax unrealized losses 0 0
Other comprehensive income (loss), tax effect 0 0
Other comprehensive (loss) income, net of tax 0 0
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning Balance (2) (2)
Net Activity 0 0
Ending Balance $ (2) $ (2)
v3.26.1
Accumulated Other Comprehensive Income - Reclassification Out of AOCI (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]    
Interest on securities $ 501 $ 451
Interest and fees on loans and leases 2,293 1,816
Income before income taxes 207 653
Applicable income tax expense (42) (138)
Net Income 165 515
Reclassification out of AOCI    
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]    
Net Income (38) (67)
Reclassification out of AOCI | Available-for-sale debt securities transferred to held-to-maturity securities    
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]    
Interest on securities (27) (32)
Income before income taxes (27) (32)
Applicable income tax expense 5 7
Net Income (22) (25)
Reclassification out of AOCI | Cash flow hedge derivatives    
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]    
Interest and fees on loans and leases (21) (56)
Income before income taxes (21) (56)
Applicable income tax expense 5 14
Net Income $ (16) $ (42)
v3.26.1
Earnings Per Share - Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]    
Net income available to common shareholders $ 128 $ 478
Average common shares outstanding - basic (in shares) 825,118,886 671,052,320
Effect of dilutive stock-based awards (in shares) 5,000,000 5,000,000
Average common shares outstanding - diluted (in shares) 830,273,720 676,040,080
Earnings per share - basic (in dollars per share) $ 0.16 $ 0.71
Earnings per share - diluted (in dollars per share) $ 0.15 $ 0.71
Anti-dilutive stock-based awards excluded from diluted shares (in shares) 2,000,000 2,000,000
v3.26.1
Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Assets:      
Available-for-sale debt and other securities: $ 46,161 $ 36,159  
Equity securities 544 453  
Derivative assets 3,330 1,868  
Liabilities:      
Derivative Liabilities 3,501 2,034  
Residential Mortgage      
Assets:      
Residential mortgage loans 105 106 $ 109
U.S. Treasury and federal agencies securities      
Assets:      
Available-for-sale debt and other securities: 3,454 1,575  
Asset-backed securities and other debt securities      
Assets:      
Available-for-sale debt and other securities: 2,326 2,267  
Other securities      
Assets:      
Available-for-sale debt and other securities: 798 674  
Liabilities:      
FHLB, restricted stock holdings 204 167  
FRB, restricted stock holdings 591 505  
DTCC, restricted stock holdings 3 2  
Level 3 | Interest rate contracts      
Assets:      
Derivative assets 7   5
Liabilities:      
Derivative Liabilities 10   $ 5
Recurring      
Assets:      
Available-for-sale debt and other securities: 45,363 35,485  
Trading debt securities 1,669 1,057  
Equity securities 544 453  
Residential mortgage loans held for sale 714 658  
Derivative assets 3,330 1,868  
Total assets 53,308 41,225  
Liabilities:      
Derivative Liabilities 3,501 2,034  
Short positions 389 351  
Total liabilities 3,890 2,385  
Recurring | Interest rate contracts      
Assets:      
Derivative assets 580 463  
Liabilities:      
Derivative Liabilities 737 544  
Recurring | Foreign exchange contracts      
Assets:      
Derivative assets 553 659  
Liabilities:      
Derivative Liabilities 486 628  
Recurring | Equity contracts      
Liabilities:      
Derivative Liabilities 82 124  
Recurring | Commodity contracts      
Assets:      
Derivative assets 2,197 746  
Liabilities:      
Derivative Liabilities 2,196 738  
Recurring | Servicing rights      
Assets:      
Servicing rights 1,583 1,598  
Recurring | Residential Mortgage      
Assets:      
Residential mortgage loans 105 106  
Recurring | U.S. Treasury and federal agencies securities      
Assets:      
Available-for-sale debt and other securities: 3,454 1,575  
Trading debt securities 698 494  
Liabilities:      
Short positions 189 85  
Recurring | Obligations of states and political subdivisions securities      
Assets:      
Trading debt securities 97 63  
Recurring | Agency mortgage-backed securities | Residential Mortgage      
Assets:      
Available-for-sale debt and other securities: 14,594 8,623  
Trading debt securities 50 49  
Recurring | Agency mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities: 22,238 20,187  
Recurring | Non-agency commercial mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities: 2,751 2,833  
Recurring | Asset-backed securities and other debt securities      
Assets:      
Available-for-sale debt and other securities: 2,326 2,267  
Trading debt securities 824 451  
Liabilities:      
Short positions 156 218  
Recurring | Equity securities      
Liabilities:      
Short positions 44 48  
Recurring | Level 1      
Assets:      
Available-for-sale debt and other securities: 3,454 1,575  
Trading debt securities 662 482  
Equity securities 524 436  
Residential mortgage loans held for sale 0 0  
Derivative assets 166 225  
Total assets 4,806 2,718  
Liabilities:      
Derivative Liabilities 397 38  
Short positions 232 130  
Total liabilities 629 168  
Recurring | Level 1 | Interest rate contracts      
Assets:      
Derivative assets 10 1  
Liabilities:      
Derivative Liabilities 1 3  
Recurring | Level 1 | Foreign exchange contracts      
Assets:      
Derivative assets 0 0  
Liabilities:      
Derivative Liabilities 0 0  
Recurring | Level 1 | Equity contracts      
Liabilities:      
Derivative Liabilities 0 0  
Recurring | Level 1 | Commodity contracts      
Assets:      
Derivative assets 156 224  
Liabilities:      
Derivative Liabilities 396 35  
Recurring | Level 1 | Servicing rights      
Assets:      
Servicing rights 0 0  
Recurring | Level 1 | Residential Mortgage      
Assets:      
Residential mortgage loans 0 0  
Recurring | Level 1 | U.S. Treasury and federal agencies securities      
Assets:      
Available-for-sale debt and other securities: 3,454 1,575  
Trading debt securities 662 482  
Liabilities:      
Short positions 188 82  
Recurring | Level 1 | Obligations of states and political subdivisions securities      
Assets:      
Trading debt securities 0 0  
Recurring | Level 1 | Agency mortgage-backed securities | Residential Mortgage      
Assets:      
Available-for-sale debt and other securities: 0 0  
Trading debt securities 0 0  
Recurring | Level 1 | Agency mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities: 0 0  
Recurring | Level 1 | Non-agency commercial mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities: 0 0  
Recurring | Level 1 | Asset-backed securities and other debt securities      
Assets:      
Available-for-sale debt and other securities: 0 0  
Trading debt securities 0 0  
Liabilities:      
Short positions 0 0  
Recurring | Level 1 | Equity securities      
Liabilities:      
Short positions 44 48  
Recurring | Level 2      
Assets:      
Available-for-sale debt and other securities: 41,909 33,910  
Trading debt securities 1,007 575  
Equity securities 20 17  
Residential mortgage loans held for sale 714 658  
Derivative assets 3,157 1,638  
Total assets 46,807 36,798  
Liabilities:      
Derivative Liabilities 3,012 1,868  
Short positions 157 221  
Total liabilities 3,169 2,089  
Recurring | Level 2 | Interest rate contracts      
Assets:      
Derivative assets 563 457  
Liabilities:      
Derivative Liabilities 726 537  
Recurring | Level 2 | Foreign exchange contracts      
Assets:      
Derivative assets 553 659  
Liabilities:      
Derivative Liabilities 486 628  
Recurring | Level 2 | Equity contracts      
Liabilities:      
Derivative Liabilities 0 0  
Recurring | Level 2 | Commodity contracts      
Assets:      
Derivative assets 2,041 522  
Liabilities:      
Derivative Liabilities 1,800 703  
Recurring | Level 2 | Servicing rights      
Assets:      
Servicing rights 0 0  
Recurring | Level 2 | Residential Mortgage      
Assets:      
Residential mortgage loans 0 0  
Recurring | Level 2 | U.S. Treasury and federal agencies securities      
Assets:      
Available-for-sale debt and other securities: 0 0  
Trading debt securities 36 12  
Liabilities:      
Short positions 1 3  
Recurring | Level 2 | Obligations of states and political subdivisions securities      
Assets:      
Trading debt securities 97 63  
Recurring | Level 2 | Agency mortgage-backed securities | Residential Mortgage      
Assets:      
Available-for-sale debt and other securities: 14,594 8,623  
Trading debt securities 50 49  
Recurring | Level 2 | Agency mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities: 22,238 20,187  
Recurring | Level 2 | Non-agency commercial mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities: 2,751 2,833  
Recurring | Level 2 | Asset-backed securities and other debt securities      
Assets:      
Available-for-sale debt and other securities: 2,326 2,267  
Trading debt securities 824 451  
Liabilities:      
Short positions 156 218  
Recurring | Level 2 | Equity securities      
Liabilities:      
Short positions 0 0  
Recurring | Level 3      
Assets:      
Available-for-sale debt and other securities: 0 0  
Trading debt securities 0 0  
Equity securities 0 0  
Residential mortgage loans held for sale 0 0  
Derivative assets 7 5  
Total assets 1,695 1,709  
Liabilities:      
Derivative Liabilities 92 128  
Short positions 0 0  
Total liabilities 92 128  
Recurring | Level 3 | Interest rate contracts      
Assets:      
Derivative assets 7 5  
Liabilities:      
Derivative Liabilities 10 4  
Recurring | Level 3 | Foreign exchange contracts      
Assets:      
Derivative assets 0 0  
Liabilities:      
Derivative Liabilities 0 0  
Recurring | Level 3 | Equity contracts      
Liabilities:      
Derivative Liabilities 82 124  
Recurring | Level 3 | Commodity contracts      
Assets:      
Derivative assets 0 0  
Liabilities:      
Derivative Liabilities 0 0  
Recurring | Level 3 | Servicing rights      
Assets:      
Servicing rights 1,583 1,598  
Recurring | Level 3 | Residential Mortgage      
Assets:      
Residential mortgage loans 105 106  
Recurring | Level 3 | U.S. Treasury and federal agencies securities      
Assets:      
Available-for-sale debt and other securities: 0 0  
Trading debt securities 0 0  
Liabilities:      
Short positions 0 0  
Recurring | Level 3 | Obligations of states and political subdivisions securities      
Assets:      
Trading debt securities 0 0  
Recurring | Level 3 | Agency mortgage-backed securities | Residential Mortgage      
Assets:      
Available-for-sale debt and other securities: 0 0  
Trading debt securities 0 0  
Recurring | Level 3 | Agency mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities: 0 0  
Recurring | Level 3 | Non-agency commercial mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities: 0 0  
Recurring | Level 3 | Asset-backed securities and other debt securities      
Assets:      
Available-for-sale debt and other securities: 0 0  
Trading debt securities 0 0  
Liabilities:      
Short positions 0 0  
Recurring | Level 3 | Equity securities      
Liabilities:      
Short positions $ 0 $ 0  
v3.26.1
Fair Value Measurements - Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Balance, beginning of period $ 1,581 $ 1,639  
Included in earnings (15) (51)  
Purchases/originations/acquisitions 12 8  
Settlements 23 1  
Transfers into Level 3 2 2  
Balance, end of period 1,603 1,599  
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held (3) (45)  
Derivative Assets 3,330   $ 1,868
Derivative Liabilities 3,501   $ 2,034
Unrealized gains or losses included in other comprehensive income for instruments still held 0 0  
Interest rate contracts | Level 3      
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Derivative Assets 7 5  
Derivative Liabilities 10 5  
Servicing Rights      
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Balance, beginning of period 1,598 1,704  
Included in earnings (38) (50)  
Purchases/originations/acquisitions 23 9  
Settlements 0 0  
Transfers into Level 3 0 0  
Balance, end of period 1,583 1,663  
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held (17) (35)  
Interest rate contracts      
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Balance, beginning of period 1 (3)  
Included in earnings 16 15  
Purchases/originations/acquisitions (6) (1)  
Settlements (14) (11)  
Transfers into Level 3 0 0  
Balance, end of period (3) 0  
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held 7 6  
Equity Derivatives      
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Balance, beginning of period (124) (170)  
Included in earnings 8 (18)  
Purchases/originations/acquisitions (5) 0  
Settlements 39 15  
Transfers into Level 3 0 0  
Balance, end of period (82) (173)  
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held 8 (18)  
Residential Mortgage Loans      
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Balance, beginning of period 106 108  
Included in earnings (1) 2  
Purchases/originations/acquisitions 0 0  
Settlements (2) (3)  
Transfers into Level 3 2 2  
Balance, end of period 105 109  
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held $ (1) $ 2  
v3.26.1
Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable Level 3 Inputs Recurring Basis) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Derivative Assets $ 3,330   $ 1,868
Derivative liabilities (3,501)   (2,034)
Servicing rights      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Servicing rights $ 1,583 $ 1,663  
Servicing rights | Minimum      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Prepayment speed 0.00% 0.00%  
OAS (bps) 0.0335 0.0335  
Servicing rights | Maximum      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Prepayment speed 90.30% 100.00%  
OAS (bps) 0.1827 0.1821  
Servicing rights | Fixed | Weighted-Average      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Prepayment speed 6.80% 6.30%  
OAS (bps) 0.0431 0.0418  
Servicing rights | Adjustable | Weighted-Average      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Prepayment speed 18.70% 16.00%  
OAS (bps) 0.0711 0.0725  
IRLCs, net      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Derivative Assets $ 6 $ 5  
IRLCs, net | Minimum      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Loan closing rates 0.80% 20.50%  
IRLCs, net | Maximum      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Loan closing rates 98.80% 96.00%  
IRLCs, net | Weighted-Average      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Loan closing rates 84.90% 79.70%  
Swap      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Derivative liabilities $ (82) $ (173)  
Swap | Minimum      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Timing of the resolution of the Covered Litigation Mar. 31, 2028 Jun. 30, 2027  
Swap | Maximum      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Timing of the resolution of the Covered Litigation Jun. 30, 2029 Mar. 31, 2028  
Swap | Weighted-Average      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Timing of the resolution of the Covered Litigation Sep. 30, 2028 Dec. 31, 2027  
Residential Mortgage      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Loans measured at FV $ 105 $ 109 $ 106
Residential Mortgage | Minimum      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Interest rate risk factor (52.00%) (51.90%)  
Credit risk factor 0.00% 0.00%  
Residential Mortgage | Maximum      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Interest rate risk factor 7.20% 5.70%  
Credit risk factor 0.70% 0.70%  
Residential Mortgage | Weighted-Average      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Interest rate risk factor (10.10%) (11.50%)  
Credit risk factor 0.10% 0.10%  
v3.26.1
Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value $ 301 $ 423
Fair value adjustment (43) (125)
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 13
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 301 410
Commercial loans and leases | Commercial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 109 261
Fair value adjustment (17) (126)
Commercial loans and leases | Commercial | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Commercial loans and leases | Commercial | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Commercial loans and leases | Commercial | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 109 261
Consumer and residential mortgage loans | Consumer    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 166 145
Fair value adjustment (3) (4)
Consumer and residential mortgage loans | Consumer | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Consumer and residential mortgage loans | Consumer | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Consumer and residential mortgage loans | Consumer | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 166 145
OREO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   4
Fair value adjustment   1
OREO | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   0
OREO | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   0
OREO | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   4
Bank premises and equipment    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 26  
Fair value adjustment (23)  
Bank premises and equipment | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0  
Bank premises and equipment | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0  
Bank premises and equipment | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value $ 26  
Private equity investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   13
Fair value adjustment   4
Private equity investments | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   0
Private equity investments | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   13
Private equity investments | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   $ 0
v3.26.1
Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable Level 3 Inputs Nonrecurring Basis) (Details) - Nonrecurring - USD ($)
$ in Millions
Mar. 31, 2026
Mar. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value $ 301 $ 423
Commercial loans and leases | Commercial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 109 261
Consumer and residential mortgage loans | Consumer    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 166 145
OREO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   4
Bank premises and equipment    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 26  
Private equity investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   13
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 301 410
Level 3 | Commercial loans and leases | Commercial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 109 261
Level 3 | Consumer and residential mortgage loans | Consumer    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 166 145
Level 3 | OREO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   4
Level 3 | Bank premises and equipment    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 26  
Level 3 | Private equity investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   0
Level 3 | Appraised Value | Commercial loans and leases | Commercial    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 109 261
Level 3 | Appraised Value | Consumer and residential mortgage loans | Consumer    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 166 145
Level 3 | Appraised Value | OREO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   $ 4
Level 3 | Appraised Value | Bank premises and equipment    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value $ 26  
v3.26.1
Fair Value Measurements - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Gain resulting from observable price changes $ 0 $ 4  
Positive adjustments, cumulative amount 23    
Private equity, impairment 0 0  
Private equity, cumulative impairment 15    
Residential Mortgage      
Fair Value Measurement Inputs and Valuation Techniques [Line Items]      
Fair value changes included in earnings for residential mortgage for which the fair value option was elected (23) $ (2)  
Credit risk of fair value option $ 0   $ 0
v3.26.1
Fair Value Measurements - Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance for Residential Mortgage Loans Measured at Fair Value (Details) - Residential mortgage loans - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Aggregate Fair Value    
Residential mortgage loans measured at fair value $ 819 $ 764
Past due loans of 30-89 days 1 2
Past due loans of 90 days or more 1  
Nonaccrual loans 4 4
Aggregate Unpaid Principal Balance    
Residential mortgage loans measured at fair value 822 758
Past due loans of 30-89 days 1 2
Past due loans of 90 days or more 1  
Nonaccrual loans $ 4 $ 4
v3.26.1
Fair Value Measurements - Carrying Amounts and Estimated Fair Values for Certain Financial Instruments (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Financial assets:    
Other short-term investments [1] $ 17,456 $ 18,876
Held-to-maturity securities 16,389 11,368
Loans held for sale 1,365 733
Portfolio loans and leases 173,328 120,398
Financial liabilities:    
Deposits 233,621 171,819
Short-term borrowings 1,289 926
Long-term debt [1] 18,753 13,589
Net Carrying Amount    
Financial assets:    
Cash and due from banks 4,084 3,499
Other short-term investments 17,456 18,876
Other securities 798 674
Held-to-maturity securities 16,389 11,368
Loans held for sale 651 75
Portfolio loans and leases 173,223 120,292
Financial liabilities:    
Deposits 233,621 171,819
Short-term borrowings 1,289 926
Long-term debt 18,763 13,579
Net Carrying Amount | Commercial    
Financial assets:    
Portfolio loans and leases 121,039 72,376
Net Carrying Amount | Consumer    
Financial assets:    
Portfolio loans and leases 52,184 47,916
Total Fair Value    
Financial assets:    
Cash and due from banks 4,084 3,499
Other short-term investments 17,456 18,876
Other securities 798 674
Held-to-maturity securities 16,341 11,404
Loans held for sale 651 75
Portfolio loans and leases 174,650 121,352
Financial liabilities:    
Deposits 233,691 171,899
Short-term borrowings 1,289 926
Long-term debt 19,009 14,005
Total Fair Value | Commercial    
Financial assets:    
Portfolio loans and leases 122,758 73,628
Total Fair Value | Consumer    
Financial assets:    
Portfolio loans and leases 51,892 47,724
Total Fair Value | Level 1    
Financial assets:    
Cash and due from banks 4,084 3,499
Other short-term investments 17,456 18,876
Other securities 0 0
Held-to-maturity securities 2,157 2,457
Loans held for sale 0 0
Portfolio loans and leases 0 0
Financial liabilities:    
Deposits 0 0
Short-term borrowings 158 226
Long-term debt 11,694 5,067
Total Fair Value | Level 1 | Commercial    
Financial assets:    
Portfolio loans and leases 0 0
Total Fair Value | Level 1 | Consumer    
Financial assets:    
Portfolio loans and leases 0 0
Total Fair Value | Level 2    
Financial assets:    
Cash and due from banks 0 0
Other short-term investments 0 0
Other securities 798 674
Held-to-maturity securities 14,182 8,945
Loans held for sale 0 0
Portfolio loans and leases 0 0
Financial liabilities:    
Deposits 233,691 171,899
Short-term borrowings 1,131 700
Long-term debt 7,315 8,938
Total Fair Value | Level 2 | Commercial    
Financial assets:    
Portfolio loans and leases 0 0
Total Fair Value | Level 2 | Consumer    
Financial assets:    
Portfolio loans and leases 0 0
Total Fair Value | Level 3    
Financial assets:    
Cash and due from banks 0 0
Other short-term investments 0 0
Other securities 0 0
Held-to-maturity securities 2 2
Loans held for sale 651 75
Portfolio loans and leases 174,650 121,352
Financial liabilities:    
Deposits 0 0
Short-term borrowings 0 0
Long-term debt 0 0
Total Fair Value | Level 3 | Commercial    
Financial assets:    
Portfolio loans and leases 122,758 73,628
Total Fair Value | Level 3 | Consumer    
Financial assets:    
Portfolio loans and leases $ 51,892 $ 47,724
[1] Includes $38 and $38 of other short-term investments, $463 and $554 of portfolio loans and leases, $(8) and $(9) of ALLL, $3 and $3 of other assets, $10 and $11 of other liabilities and $391 and $473 of long-term debt from consolidated VIEs that are included in their respective captions above at March 31, 2026 and December 31, 2025, respectively. For further information, refer to Note 10.
v3.26.1
Business Segments - Narrative (Details)
 3 Months Ended
Mar. 31, 2026
segment
Segment Reporting Information  
Number of business segments 3
v3.26.1
Business Segments - Results of Operations and Average Assets by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information    
Interest Income (Expense), Operating, Including FTE Adjustments $ 1,939 $ 1,442
Provision for (benefit from) credit losses 227 174
Net interest income after provision for (benefit from) credit losses 1,712 1,268
Noninterest Income    
Wealth and asset management revenue 233 172
Commercial payments revenue 218 153
Consumer banking revenue 146 137
Capital markets fees 134 90
Commercial banking revenue 105 80
Mortgage banking net revenue 44 57
Other noninterest income 27 14
Securities losses, net (12) (9)
Total noninterest income 895 694
Noninterest Expense    
Compensation and benefits 1,410 750
Technology and communications 204 123
Net occupancy expense 140 87
Equipment expense 55 42
Loan and lease expense 42 30
Marketing expense 50 28
Card and processing expense 79 21
Other noninterest expense 415 223
Total noninterest expense 2,395 1,304
Income (loss) before income taxes (FTE) 212 658
Average assets 265,551 210,558
Operating Segments | Commercial Banking    
Segment Reporting Information    
Interest Income (Expense), Operating, Including FTE Adjustments 878 552
Provision for (benefit from) credit losses 158 80
Net interest income after provision for (benefit from) credit losses 720 472
Noninterest Income    
Wealth and asset management revenue 1 0
Commercial payments revenue 191 133
Consumer banking revenue 0 0
Capital markets fees 135 90
Commercial banking revenue 103 79
Mortgage banking net revenue 0 0
Other noninterest income 11 6
Securities losses, net 0 (7)
Total noninterest income 441 301
Noninterest Expense    
Compensation and benefits 247 178
Technology and communications 6 3
Net occupancy expense 12 9
Equipment expense 8 8
Loan and lease expense 13 7
Marketing expense 1 1
Card and processing expense 29 3
Other noninterest expense 418 302
Total noninterest expense 734 511
Income (loss) before income taxes (FTE) 427 262
Average assets 108,037 77,940
FTE adjustments 3 3
Operating Segments | Consumer and Small Business Banking    
Segment Reporting Information    
Interest Income (Expense), Operating, Including FTE Adjustments 1,073 975
Provision for (benefit from) credit losses 89 84
Net interest income after provision for (benefit from) credit losses 984 891
Noninterest Income    
Wealth and asset management revenue 75 66
Commercial payments revenue 30 20
Consumer banking revenue 146 135
Capital markets fees 1 0
Commercial banking revenue 1 1
Mortgage banking net revenue 44 57
Other noninterest income 1 2
Securities losses, net 0 0
Total noninterest income 298 281
Noninterest Expense    
Compensation and benefits 291 236
Technology and communications 11 7
Net occupancy expense 77 54
Equipment expense 19 16
Loan and lease expense 22 18
Marketing expense 33 19
Card and processing expense 19 17
Other noninterest expense 338 283
Total noninterest expense 810 650
Income (loss) before income taxes (FTE) 472 522
Average assets 60,154 54,406
Operating Segments | Wealth and Asset Management    
Segment Reporting Information    
Interest Income (Expense), Operating, Including FTE Adjustments 83 49
Provision for (benefit from) credit losses 0 0
Net interest income after provision for (benefit from) credit losses 83 49
Noninterest Income    
Wealth and asset management revenue 161 106
Commercial payments revenue 2 0
Consumer banking revenue 0 1
Capital markets fees 0 1
Commercial banking revenue 1 0
Mortgage banking net revenue 0 0
Other noninterest income 0 1
Securities losses, net 0 0
Total noninterest income 164 109
Noninterest Expense    
Compensation and benefits 88 62
Technology and communications 3 0
Net occupancy expense 5 3
Equipment expense 0 0
Loan and lease expense 1 0
Marketing expense 0 0
Card and processing expense 0 1
Other noninterest expense 86 40
Total noninterest expense 183 106
Income (loss) before income taxes (FTE) 64 52
Average assets 8,374 4,657
General Corporate and Other    
Segment Reporting Information    
Interest Income (Expense), Operating, Including FTE Adjustments (95) (134)
Provision for (benefit from) credit losses (20) 10
Net interest income after provision for (benefit from) credit losses (75) (144)
Noninterest Income    
Wealth and asset management revenue (4) 0
Commercial payments revenue (5) 0
Consumer banking revenue 0 1
Capital markets fees (2) (1)
Commercial banking revenue 0 0
Mortgage banking net revenue 0 0
Other noninterest income 15 5
Securities losses, net (12) (2)
Total noninterest income (8) 3
Noninterest Expense    
Compensation and benefits 784 274
Technology and communications 184 113
Net occupancy expense 46 21
Equipment expense 28 18
Loan and lease expense 6 5
Marketing expense 16 8
Card and processing expense 31 0
Other noninterest expense (427) (402)
Total noninterest expense 668 37
Income (loss) before income taxes (FTE) (751) (178)
Average assets 88,986 73,555
FTE adjustments 2 $ 2
General Corporate and Other | Property and equipment    
Noninterest Expense    
Impairment charges $ 23