FIFTH THIRD BANCORP, 10-K filed on 2/24/2026
Annual Report
v3.25.4
Cover Page - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2025
Feb. 01, 2026
Jun. 30, 2025
Entity Listings [Line Items]      
Document Type 10-K    
Document Period End Date Dec. 31, 2025    
Current Fiscal Year End Date --12-31    
Entity File Number 001-33653    
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 Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
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    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction false    
Entity Shell Company false    
Entity Common Stock, Shares Outstanding   901,819,022  
Entity Public Float     $ 23.9
Documents Incorporated by Reference
DOCUMENTS INCORPORATED BY REFERENCE
This report incorporates into a single document the requirements of the U.S. Securities and Exchange Commission (the “SEC”) with respect to annual reports on Form 10-K and annual reports to shareholders. Sections of the Bancorp’s Proxy Statement for the 2026 Annual Meeting of Shareholders are incorporated by reference into Part III of this report.

Only those sections of this 2025 Annual Report to Shareholders that are specified in this Cross Reference Index constitute part of the registrant’s Form 10-K for the year ended December 31, 2025. No other information contained in this 2025 Annual Report to Shareholders shall be deemed to constitute any part of this Form 10-K nor shall any such information be incorporated into the Form 10-K and shall not be deemed “filed” as part of the registrant’s Form 10-K.
    
Amendment Flag false    
Entity Central Index Key 0000035527    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Document Annual Report true    
Document Transition Report false    
Entity Registrant Name Fifth Third Bancorp    
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    
Preferred stock, Series I      
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    
Preferred Stock, Series K      
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    
Preferred Stock, Series M      
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    
v3.25.4
Audit Information
 12 Months Ended
Dec. 31, 2025
Audit Information [Abstract]  
Auditor Name Deloitte & Touche LLP
Auditor Location Cincinnati, Ohio
Auditor Firm ID 34
v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 3,499 $ 3,014
Other short-term investments [1] 18,876 17,120
Available-for-sale debt and other securities 36,159 39,547
Held-to-maturity securities 11,368 11,278
Trading debt securities 1,057 1,185
Equity securities 453 341
Loans and leases held for sale 733 640
Portfolio loans and leases 122,651 119,791
Allowance for loan and lease losses [1] (2,253) (2,352)
Portfolio loans and leases, net 120,398 117,439
Bank premises and equipment 2,734 2,475
Operating lease equipment 374 319
Goodwill 4,947 4,918
Intangible assets 69 90
Servicing rights 1,598 1,704
Other assets [1] 12,111 12,857
Total Assets 214,376 212,927
Deposits:    
Noninterest-bearing deposits 42,647 41,038
Interest-bearing deposits 129,172 126,214
Total deposits 171,819 167,252
Short-term borrowings 926 4,654
Accrued taxes, interest and expenses 2,083 2,137
Other liabilities [1] 4,235 4,902
Long-term debt [1] 13,589 14,337
Total Liabilities 192,652 193,282
Equity    
Common stock [2] 2,051 2,051
Preferred stock [3] 1,770 2,116
Capital surplus 3,831 3,804
Retained earnings 25,488 24,150
Accumulated other comprehensive loss (3,110) (4,636)
Treasury stock [2] (8,306) (7,840)
Total Equity 21,724 19,645
Total Liabilities and Equity $ 214,376 $ 212,927
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
[2] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at December 31, 2025 – 661,197,787 (excludes 262,694,794 treasury shares), 2024 – 669,853,830 (excludes 254,038,751 treasury shares).
[3]
(c)500,000 shares of no par value preferred stock were authorized at both December 31, 2025 and 2024. There were 436,000 and 422,000 unissued shares of undesignated no par value preferred stock at December 31, 2025 and 2024, 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 December 31, 2025 and 2024. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both December 31, 2025 and 2024. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.
v3.25.4
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Amortized Cost $ 39,107 $ 43,878
Held-to-maturity securities 11,404 10,965
Bank premises and equipment held for sale 9 14
Other short-term investments [1] 18,876 17,120
Portfolio loans and leases 122,651 119,791
Allowance for loan and lease losses [1] (2,253) (2,352)
Other assets [1] 12,111 12,857
Other liabilities [1] 4,235 4,902
Long-term debt [1] $ 13,589 $ 14,337
Common stock, par value (in dollars per share) $ 2.22 $ 2.22
Common stock, authorized (in shares) 2,000,000,000 2,000,000,000
Common stock, outstanding (in shares) 661,197,787 669,853,830
Treasury shares (in shares) 262,694,794 254,038,751
Preferred stock, authorized (in shares) 500,000 500,000
Preferred stock, unissued (in shares) 436,000 422,000
Preferred stock, liquidation preference per share (in dollars per share) $ 25,000 $ 25,000
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
Residential Mortgage    
Loans held for sale, residential mortgage loans measured at fair value $ 658 $ 574
Loans measured at FV, residential mortgage loans measured at fair value 106 108
Allowance for loan and lease losses (109) (146)
Variable Interest Entity, Primary Beneficiary | Automobile And Solar Loan    
Other short-term investments 38 51
Portfolio loans and leases 554 1,000
Allowance for loan and lease losses (9) (19)
Other assets 3 5
Other liabilities 11 12
Long-term debt $ 473 $ 889
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
v3.25.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest Income      
Interest and fees on loans and leases $ 7,466 $ 7,477 $ 7,334
Interest on securities 1,785 1,839 1,770
Interest on other short-term investments 652 1,110 656
Total interest income 9,903 10,426 9,760
Interest Expense      
Interest on deposits 2,952 3,736 2,929
Interest on short-term borrowings 215 168 262
Interest on long-term debt 754 892 742
Total interest expense 3,921 4,796 3,933
Net Interest Income 5,982 5,630 5,827
Provision for credit losses 662 530 515
Net Interest Income After Provision for Credit Losses 5,320 5,100 5,312
Noninterest Income      
Wealth and asset management revenue 704 647 581
Commercial payments revenue 630 608 564
Consumer banking revenue 571 555 546
Capital markets fees 415 424 422
Commercial banking revenue 349 377 409
Mortgage banking net revenue 227 211 250
Other noninterest income 126 12 91
Securities gains, net 13 15 18
Total noninterest income 3,035 2,849 2,881
Noninterest Expense      
Compensation and benefits 2,815 2,763 2,694
Technology and communications 516 474 464
Net occupancy expense 349 339 331
Equipment expense 169 153 148
Loan and lease expense 146 132 133
Marketing expense 142 115 126
Card and processing expense 92 84 84
Other noninterest expense 915 973 1,225
Total noninterest expense 5,144 5,033 5,205
Income (loss) before income taxes (FTE)(a) 3,211 2,916 2,988
Applicable income tax expense 689 602 639
Net Income 2,522 2,314 2,349
Dividends on preferred stock 146 159 137
Net Income Available to Common Shareholders $ 2,376 $ 2,155 $ 2,212
Shares Disclosures      
Earnings per share - basic (in dollars per share) $ 3.56 $ 3.16 $ 3.23
Earnings per share - diluted (in dollars per share) $ 3.53 $ 3.14 $ 3.22
Average common shares outstanding - basic (in shares) 668,139,706 682,160,985 684,172,079
Average common shares outstanding - diluted (in shares) 672,502,856 687,300,837 687,678,291
v3.25.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net Income $ 2,522 $ 2,314 $ 2,349
Net unrealized losses on available-for-sale debt securities:      
Unrealized holding gains arising during the year 1,049 15 494
Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities 0 785 0
Reclassification adjustment for net losses included in net income 0 14 1
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities:      
Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities 0 (785) 0
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities 97 101 0
Net unrealized losses on cash flow hedge derivatives:      
Unrealized holding gains (losses) arising during the year 241 (552) (131)
Reclassification adjustment for net losses included in net income 138 270 257
Defined benefit pension plans, net:      
Net actuarial loss arising during the year (2) (2) (1)
Reclassification of amounts to net periodic benefit costs 3 3 3
Other 0 2 0
Other comprehensive income (loss), net of tax 1,526 (149) 623
Comprehensive Income $ 4,048 $ 2,165 $ 2,972
v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Preferred stock, Series H
Preferred stock Series I
Preferred stock, Series J
Preferred Stock Series K
Preferred stock, Series L
Class B Series A Preferred Stock
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred Stock
Preferred Stock
Preferred stock, Series L
Preferred Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Capital Surplus
Capital Surplus
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Retained Earnings
Preferred stock, Series H
Retained Earnings
Preferred stock Series I
Retained Earnings
Preferred stock, Series J
Retained Earnings
Preferred Stock Series K
Retained Earnings
Preferred stock, Series L
Retained Earnings
Class B Series A Preferred Stock
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury Stock
Treasury Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning Balance at Dec. 31, 2022 $ 17,327             $ 37 $ 17,364 $ 2,051 $ 2,051 $ 2,116   $ 2,116 $ 3,684 $ 3,684 $ 21,689             $ 37 $ 21,726 $ (5,110) $ (5,110) $ (7,103) $ (7,103)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                          
Net Income 2,349                               2,349                        
Other comprehensive (loss) income, net of tax 623                                                 623      
Cash dividends declared:                                                          
Common stock (941)                               (941)                        
Preferred stock [1]   $ (42) $ (30) $ (25) $ (12) $ (16) $ (12)                     $ (42) $ (30) $ (25) $ (12) $ (16) $ (12)            
Shares acquired for treasury (201)                                                     (201)  
Impact of stock transactions under stock compensation plans, net 115                           73                         42  
Ending Balance at Dec. 31, 2023 19,172             $ (10) $ 19,162 2,051 $ 2,051 2,116   $ 2,116 3,757 $ 3,757 22,997             $ (10) $ 22,987 (4,487) $ (4,487) (7,262) $ (7,262)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                          
Net Income 2,314                               2,314                        
Other comprehensive (loss) income, net of tax (149)                                                 (149)      
Cash dividends declared:                                                          
Common stock (992)                               (992)                        
Preferred stock [1]   (51) (42) (26) (12) (16) (12)                     (51) (42) (26) (12) (16) (12)            
Shares acquired for treasury (630)                                                     (630)  
Impact of stock transactions under stock compensation plans, net 99                           47                         52  
Ending 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 2,522                               2,522                        
Other comprehensive (loss) income, net of tax 1,526                                                 1,526      
Cash dividends declared:                                                          
Common stock [1] (1,038)                               (1,038)                        
Preferred stock [1]   $ (46) $ (37) $ (23) $ (12) (12) $ (12)                     $ (46) $ (37) $ (23) $ (12) (12) $ (12)            
Redemption of preferred stock, Series L           $ (350)             $ (346)                 $ (4)              
Shares acquired for treasury (529)                                                     (529)  
Impact of stock transactions under stock compensation plans, net 90                           27                         63  
Ending Balance at Dec. 31, 2025 $ 21,724                 $ 2,051   $ 1,770     $ 3,831   $ 25,488                 $ (3,110)   $ (8,306)  
[1] Refer to Note 24 for further information on dividends declared for preferred stock.
v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Common stock dividends, per share (in dollars per share) $ 1.54 $ 1.44 $ 1.36
Preferred stock, Series H      
Preferred stock dividends, per share (in usd per share) [1] 1,907.4 2,144.06 1,740.35
Preferred stock Series I      
Preferred stock dividends, per share (in usd per share) [1] 2,078.95 2,316.08 1,656.24
Preferred stock, Series J      
Preferred stock dividends, per share (in usd per share) [1] 1,931.58 2,168.54 2,131.27
Preferred Stock Series K      
Preferred stock dividends, per share (in usd per share) [1] 1,237.5 1,237.5 1,237.5
Preferred stock, Series L      
Preferred stock dividends, per share (in usd per share) [1] 843.75 1,125 1,125
Class B Series A Preferred Stock      
Preferred stock dividends, per share (in usd per share) [1] $ 60.00 $ 60.00 $ 60.00
[1] Refer to Note 24 for further information on dividends declared for preferred stock.
v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net Income $ 2,522 $ 2,314 $ 2,349
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 662 530 515
Depreciation, amortization and accretion 554 495 462
Stock-based compensation expense 163 164 169
Provision for (benefit from) deferred income taxes 140 72 (106)
Securities gains, net (27) (20) (31)
MSR fair value adjustment 169 77 105
Net gains on sales of loans and fair value adjustments on loans held for sale (72) (34) (27)
Gain on the TRA associated with Worldpay, Inc. 0 (11) (22)
Proceeds from sales of loans held for sale 5,175 4,066 4,938
Loans originated or purchased for sale, net of repayments (5,206) (4,301) (4,242)
Dividends representing return on equity method investments 41 44 46
Net change in:      
Equity and trading debt securities (115) (3) (128)
Other assets 715 (639) 319
Accrued taxes, interest and expenses and other liabilities (207) 70 162
Net Cash Provided by Operating Activities 4,514 2,824 4,509
Proceeds from sales:      
AFS securities and other investments 4,959 782 2,813
Loans and leases 341 419 444
Bank premises and equipment 0 24 7
MSRs 0 5 0
Proceeds from repayments / maturities of AFS and HTM securities and other investments 7,497 5,814 4,235
Purchases:      
AFS and HTM securities, equity method investments and other investments (8,145) (7,129) (6,244)
Bank premises and equipment (584) (414) (491)
MSRs 0 0 (25)
Proceeds from settlement of BOLI 38 34 14
Proceeds from sales and dividends representing return of equity method investments 17 11 69
Net cash received for divestitures 0 6 0
Net cash paid on acquisitions (36) 0 0
Net change in:      
Other short-term investments (1,756) 4,962 (13,731)
Portfolio loans and leases (4,052) (3,540) 3,358
Operating lease equipment (125) 65 63
Net Cash (Used in) Provided by Investing Activities (1,846) 1,039 (9,488)
Financing Activities      
Net change in deposits 4,567 (1,660) 5,222
Net change in short-term borrowings 61 (32) (81)
Proceeds from short-term FHLB advances 4,700 4,100 6,750
Repayment of short-term FHLB advances (8,500) (2,500) (8,550)
Proceeds from long-term debt issuances/advances 1,083 3,249 4,286
Repayment of long-term debt (1,982) (5,282) (1,657)
Dividends paid on common and preferred stock (1,163) (1,176) (1,060)
Repurchases of treasury stock and related forward contract (525) (625) (200)
Redemption of preferred stock, Series L (350) 0 0
Other (74) (65) (55)
Net Cash (Used in) Provided by Financing Activities (2,183) (3,991) 4,655
Increase (Decrease) in Cash and Due from Banks 485 (128) (324)
Cash and Due from Banks at Beginning of Period 3,014 3,142 3,466
Cash and Due from Banks at End of Period $ 3,499 $ 3,014 $ 3,142
v3.25.4
Summary of Significant Accounting and Reporting Policies
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting and Reporting Policies Summary of Significant Accounting and Reporting Policies
Nature of Operations
Fifth Third Bancorp, an Ohio corporation, conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States as well as through other offices, telephone sales, the internet and mobile applications.

Basis of Presentation
The 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.

Use of Estimates
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.

Cash and Due from Banks
Cash and due from banks consist of currency and coin, cash items in the process of collection and due from banks. Currency and coin includes both U.S. and foreign currency owned and held at Fifth Third offices and that is in-transit to the FRB. Cash items in the process of collection include checks and drafts that are drawn on another depository institution or the FRB that are payable immediately upon presentation in the U.S. Balances due from banks include noninterest-bearing balances that are funds on deposit at other depository institutions or the FRB.

Investment Securities
Debt securities are classified as held-to-maturity, available-for-sale or trading on the date of purchase. Only those securities which management has the intent and ability to hold to maturity are classified as held-to-maturity and reported at amortized cost. Debt securities are classified as available-for-sale when, in management’s judgment, they may be sold in response to, or in anticipation of, changes in market conditions. Debt securities are classified as trading typically when bought and held principally for the purpose of selling them in the near term. Trading debt securities are reported at fair value with unrealized gains and losses included in noninterest income. Available-for-sale debt securities are reported at fair value with unrealized gains and losses, net of related deferred income taxes, included in OCI. For available-for-sale debt securities hedged in a fair value hedge, the amortized cost basis of the hedged items (excluding unrealized gains and losses) includes the cumulative fair value hedging basis adjustments. Changes in the fair value of these securities which are attributable to changes in the hedged risk are recognized in earnings instead of OCI. Accrued interest receivable on investment securities is presented in the Consolidated Balance Sheets as a component of other assets.

Available-for-sale debt securities with unrealized losses are reviewed quarterly to determine if the decline in fair value is the result of a credit loss or other factors. An allowance for credit losses is recorded against available-for-sale debt securities to reflect the amount of the unrealized loss attributable to credit; however, this impairment is limited by the amount that the fair value is less than the amortized cost basis. Any remaining unrealized loss is recognized through OCI. Changes in the allowance for credit losses are recognized in earnings.

The determination of whether or not a credit loss exists is based on consideration of the cash flows expected to be collected from the debt security. The Bancorp develops these expectations after considering various factors such as agency ratings, the financial condition of the issuer or underlying obligors, payment history, payment structure of the security, industry and market conditions, underlying collateral and other factors which may be relevant based on the facts and circumstances pertaining to individual securities.

If the Bancorp intends to sell the debt security or will more likely than not be required to sell the debt security before recovery of its amortized cost basis, then the allowance for credit losses, if previously recorded, is written off and the security’s amortized cost is written down to the security’s fair value at the reporting date, with any incremental impairment recorded as a charge to noninterest income.

Held-to-maturity debt securities are assessed periodically to determine if an allowance is necessary to absorb credit losses expected to occur over the remaining contractual life of the securities. The carrying amount of held-to-maturity debt securities is presented net of the allowance for credit losses when such an allowance is deemed necessary.
Debt securities classified as available-for-sale may be transferred to the held-to-maturity classification if the Bancorp determines that it has the positive intent and ability to hold the securities until their maturity. Upon transfer to held-to-maturity, the transferred securities are reported at amortized cost plus or minus the pre-tax amount of the remaining unrealized gains or losses reported in AOCI at the transfer date. The resulting premium or discount is amortized into income over the remaining life of the securities as an adjustment to yield. Any unrealized gains or losses that exist on the date of transfer continue to be reported as a component of AOCI and are amortized into income over the remaining life of the securities as an adjustment to yield, offsetting the amortization of the premium or discount that was recognized at the transfer date. Any allowance for credit losses that was previously recorded when the securities were classified as available-for-sale is reversed into earnings on the date of transfer. After the transfer to held-to-maturity, the securities would be re-assessed for any necessary allowance for credit losses, as previously discussed.

Equity securities with readily determinable fair values not accounted for under the equity method are reported at fair value with unrealized gains and losses included in noninterest income in the Consolidated Statements of Income. Equity securities without readily determinable fair values are measured at cost minus impairment, if any, plus or minus changes as a result of an observable price change for the identical or similar investment of the same issuer. At each quarterly reporting period, the Bancorp performs a qualitative assessment to evaluate whether impairment indicators are present. If qualitative indicators are identified, the investment is measured at fair value with the impairment loss included in noninterest income in the Consolidated Statements of Income.

The fair value of a security is determined based on quoted market prices. If quoted market prices are not available, fair value is determined based on quoted prices of similar instruments.

Premiums on purchased callable debt securities are amortized to the earliest call date if the call feature meets certain criteria. Otherwise, premiums are amortized to maturity similar to discounts on callable debt securities.

Securities Gains or Losses (Net)
Realized gains or losses on securities are reported within noninterest income in the Consolidated Statements of Income. The cost of securities sold is based on the specific identification method.

Portfolio Loans and Leases
Basis of accounting
Portfolio loans and leases are generally reported at the principal amount 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 a business combination are recorded at fair value as of the acquisition date. Purchased loans and finance leases (including both sales-type leases and direct financing leases) are evaluated for evidence of credit deterioration at acquisition and recorded at their initial fair value. For loans and finance leases acquired in a business combination that do not exhibit evidence of more-than-insignificant credit deterioration since origination, the Bancorp does not carry over the acquired company’s ALLL, but upon acquisition will record an ALLL 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 over the contractual life of the loan as an adjustment to yield.

For loans and finance leases that exhibit evidence of more-than-insignificant credit quality deterioration since origination, the Bancorp’s estimate of expected credit losses is added to the ALLL upon acquisition and to the initial purchase price of the loans and leases to determine the initial amortized cost basis for the purchased financial assets with credit deterioration. Any resulting difference between the initial amortized cost basis (as adjusted for expected credit losses) and the par value of the loans and leases at the acquisition date represents the non-credit premium or discount, which is amortized over the contractual life of the loan or lease as an adjustment to yield. This method of accounting for loans acquired with deteriorated credit quality does not apply to loans carried at fair value or loans held for sale.

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.

Nonaccrual loans and leases
The Bancorp places loans and leases on nonaccrual status when full repayment of principal and interest is not expected, unless the loan or lease is well-secured and in the process of collection. When a loan is placed on nonaccrual status, the accrual of interest, amortization of loan premium, accretion of loan discount and amortization/accretion of deferred net direct loan origination fees or costs are discontinued and all previously accrued and unpaid interest is reversed against income. The Bancorp utilizes the following policies to determine when full repayment of principal and interest on a loan or lease is not expected:
•Commercial loans are placed on nonaccrual status when there is a clear indication that the borrower’s cash flows may not be sufficient to meet payments as they become due. Commercial loans where the principal or interest has been in default for a period of 90 days or more are generally maintained on nonaccrual status unless the loan is fully or partially guaranteed by a government agency or otherwise considered to be well secured and in the process of collection.
•Residential mortgage loans are placed on nonaccrual status when principal and interest payments become past due 150 days or more, unless repayment of the loan is fully or partially guaranteed by a government agency. Residential mortgage loans may stay on nonaccrual status for an extended time as the foreclosure process typically lasts longer than 180 days. The Bancorp maintains a reserve for the portion of accrued interest receivable that it estimates will be uncollectible, at the portfolio level, for residential mortgage loans which are past due 90 days or more and on accrual status. This reserve is recorded as a component of other assets in the Consolidated Balance Sheets, consistent with the classification of the related accrued interest receivable.
•Home equity loans and lines of credit are placed on nonaccrual status if principal or interest becomes past due 90 days or more. Home equity loans and lines of credit that become past due 60 days or more are also placed on nonaccrual status if the senior lien has been past due 120 days or more.
•Credit card loans that have been modified for a borrower experiencing financial difficulty are placed on nonaccrual status at the time of the modification. Subsequent to the modification, accounts are placed on nonaccrual status when required payments become past due 90 days or more in accordance with the modified terms.
•Indirect secured consumer loans and other consumer loans are generally placed on nonaccrual status when principal or interest becomes past due 90 days or more.
•Loan balances remaining after charge-off on consumer loans subject to a bankruptcy proceeding are generally placed on nonaccrual status within 60 days of verification of the bankruptcy unless the borrower demonstrates willingness to repay the loan through a guaranteed repayment plan or reaffirmation of their obligation to the Bancorp. These loans are also placed on nonaccrual status when principal or interest becomes past due 60 days or more.
•Loans discharged in a Chapter 7 bankruptcy and not reaffirmed by the borrower are placed on nonaccrual status and considered collateral-dependent loans at the time of discharge, regardless of the borrower’s payment history or capacity to repay in the future.

Well-secured loans are collateralized by perfected security interests in real and/or personal property for which the Bancorp estimates proceeds from the sale would be sufficient to recover the outstanding principal and accrued interest balance of the loan and pay all costs to sell the collateral. The Bancorp considers a loan in the process of collection if collection efforts or legal action is proceeding and the Bancorp expects to collect funds sufficient to bring the loan current or recover the entire outstanding principal and accrued interest balance in the near future.

Nonaccrual loans and leases may be returned to accrual status when all delinquent principal and interest payments become current in accordance with the loan agreement and the remaining principal and interest payments are reasonably assured of repayment in accordance with the contractual terms of the loan agreement, or when the loan is both well-secured and in the process of collection. Nonaccrual loans that have been modified for a borrower experiencing financial difficulty may not be returned to accrual status unless such loans have sustained repayment performance of six months or more and are reasonably assured of repayment in accordance with the modified terms. Loans discharged in a Chapter 7 bankruptcy may be returned to accrual status twelve months or more after discharge provided there is a sustained payment history after bankruptcy and collectability is reasonably assured for all remaining contractual payments.

Except for loans discharged in a Chapter 7 bankruptcy that are not reaffirmed by the borrower, accruing residential mortgage loans, home equity loans and lines of credit, indirect secured consumer loans and other consumer loans modified for borrowers experiencing financial difficulty are maintained on accrual status, provided there is reasonable assurance of repayment and of performance according to the modified terms based upon a current, well-documented credit evaluation. Accruing commercial loans modified for borrowers experiencing financial difficulty are maintained on accrual status provided there is a sustained payment history of six months or more prior to the modification and collectability is reasonably assured for all remaining contractual payments under the modified terms. Modifications of commercial loans and credit card loans for borrowers experiencing financial difficulty that do not have a sustained payment history of six months or more in accordance with their modified terms remain on nonaccrual status until a six-month payment history is sustained.

Nonaccrual loans and leases are generally accounted for on the cost recovery method due to the existence of doubt as to the collectability of the remaining amortized cost basis of nonaccrual assets. Under the cost recovery method, any payments received are applied to reduce principal. Once the entire amortized cost basis is collected, additional payments received are treated as recoveries of amounts previously charged-off until recovered in full, and any subsequent payments are treated as interest income. In certain circumstances when the remaining amortized cost basis of a nonaccrual loan or lease is deemed to be fully collectible, the Bancorp may utilize the cash basis method to account
for interest payments received on a nonaccrual loan or lease. Under the cash basis method, interest income is recognized when cash is received, to the extent such income would have been accrued on the loan’s remaining balance at the contractual rate.

The Bancorp records a charge-off to the ALLL when all or a portion of a loan or lease is deemed to be uncollectible, after considering the net realizable value of any underlying collateral. Commercial loans and leases on nonaccrual status and criticized commercial loans with aggregate borrower relationships exceeding $1 million are subject to an individual review to identify charge-offs. The Bancorp does not have an established delinquency threshold for partially or fully charging off commercial loans and leases. The Bancorp records charge-offs on consumer loans in accordance with applicable regulatory guidelines, which are primarily based on a loan’s delinquency status.

Loan modifications
In circumstances where an existing loan is modified (including a restructuring, refinancing, or other changes in terms which affect the loan’s contractual cash flows), the Bancorp evaluates whether the modification results in a continuation of the existing loan or the origination of a new loan. The Bancorp accounts for a modification as a new loan if the terms of the modified loan are at least as favorable to the Bancorp as the terms for comparable loans to other borrowers with similar collection risks who are obtaining new loans, or if the modification of terms is considered more than minor. If neither of these conditions are met, then the Bancorp will account for the loan as a continuation of the existing loan. When a modification is accounted for as a new loan, any unamortized net deferred fees or costs from the original loan are recognized in interest income when the new loan is originated. When a modification is accounted for as a continuation of the existing loan, the unamortized net deferred fees or costs from the original loan and any additional incremental direct fees and costs are carried forward and deferred as part of the amortized cost basis of the modified loan.

ALLL
The Bancorp disaggregates its portfolio loans and leases into portfolio segments for purposes of determining the ALLL. The Bancorp’s portfolio segments include commercial, residential mortgage and consumer. The Bancorp further disaggregates its portfolio segments into classes for purposes of monitoring and assessing credit quality based on certain risk characteristics. Classes within the commercial portfolio segment are based on the primary purpose of the loan or lease and include commercial and industrial, commercial mortgage owner-occupied, commercial mortgage nonowner-occupied, commercial construction and commercial leases. The residential mortgage portfolio segment is also considered a class. Classes within the consumer portfolio segment are based on the loan product type or collateral and include home equity, indirect secured consumer loans, credit card, solar energy installation loans and other consumer loans. For an analysis of the Bancorp’s ALLL by portfolio segment and credit quality information by class, refer to Note 6.

The Bancorp maintains the ALLL to absorb the amount of credit losses that are expected to be incurred over the remaining contractual terms of the related loans and leases. Contractual terms are adjusted for expected prepayments but are not extended for expected extensions, renewals or modifications except in circumstances where extension or renewal options are embedded in the original contract and not unconditionally cancellable by the Bancorp.

Accrued interest receivable on loans is presented in the Consolidated Financial Statements as a component of other assets. When accrued interest is deemed to be uncollectible (typically when a loan is placed on nonaccrual status), interest income is reversed. The Bancorp follows established policies for placing loans on nonaccrual status, so uncollectible accrued interest receivable is reversed in a timely manner. As a result, the Bancorp has elected not to measure a reserve for accrued interest receivable as part of its ALLL. However, the Bancorp does record a reserve for the portion of accrued interest receivable that it expects to be uncollectible. Refer to the Portfolio Loans and Leases section of this footnote for additional information.

Credit losses are charged and recoveries are credited to the ALLL. The ALLL is maintained at a level the Bancorp considers to be adequate and is based on ongoing quarterly assessments and evaluations of the collectability of loans and leases, including historical credit loss experience, current and forecasted market and economic conditions and consideration of various qualitative factors that, in management’s judgment, deserve consideration in estimating expected credit losses. Provisions for credit losses are recorded for the amounts necessary to adjust the ALLL to the Bancorp’s current estimate of expected credit losses on portfolio loans and leases.

The Bancorp’s methodology for determining the ALLL includes an estimate of expected credit losses on a collective basis for groups of loans and leases with similar risk characteristics and specific allowances for loans and leases which are individually evaluated.

Larger commercial loans and leases included within aggregate borrower relationship balances exceeding $1 million on nonaccrual status are individually evaluated for an ALLL. The Bancorp considers the current value of collateral, credit quality of any guarantees, the guarantor’s liquidity and willingness to cooperate, the loan or lease structure (including modifications, if any) and other factors when determining the amount of the ALLL. Other factors may include the borrower’s susceptibility to risks presented by the forecasted macroeconomic environment, the industry and geographic region of the borrower, size and financial condition of the borrower, cash flow and leverage of the borrower and the Bancorp’s evaluation of the borrower’s management. When loans and leases are individually evaluated, allowances are determined based on management’s estimate of the borrower’s ability to repay the loan or lease given the availability of collateral and other sources of cash flow, as well as an evaluation of legal options available to the Bancorp. Allowances for individually evaluated loans and leases that are collateral-dependent are measured based on the fair value of the underlying collateral, less expected costs to sell where applicable. Allowances for individually evaluated loans and leases that are not collateral-dependent are typically measured based on the
present value of expected cash flows of the loan or lease, discounted at its effective interest rate. Specific allowances on individually evaluated commercial loans and leases are reviewed quarterly and adjusted as necessary based on changing borrower and/or collateral conditions and actual collection and charge-off experience.

The Bancorp considers loans to be collateral-dependent when it becomes probable that repayment of the loan will be provided through the sale or operation of the collateral instead of from payments made by the borrower. The expected credit losses for these loans are typically estimated based on the fair value of the underlying collateral, less expected costs to sell where applicable. Specific allowances on individually evaluated consumer and residential mortgage loans are reviewed quarterly and adjusted as necessary based on changing borrower and/or collateral conditions and actual collection and charge-off experience.

Expected credit losses are estimated on a collective basis for loans and leases that are not individually evaluated. For collectively evaluated loans and leases, the Bancorp uses models to forecast expected credit losses based on the probability of a loan or lease defaulting, the expected balance at the estimated date of default and the expected loss percentage given a default. The estimate of the expected balance at the time of default considers prepayments and, for loans with available credit, expected utilization rates. The Bancorp’s expected credit loss models were developed based on historical credit loss experience and observations of migration patterns for various credit risk characteristics (such as internal credit risk ratings, external credit ratings or scores, delinquency status, loan-to-value trends, etc.) over time, with those observations evaluated in the context of concurrent macroeconomic conditions. The Bancorp developed its models from historical observations capturing a full economic cycle when possible.

The Bancorp’s expected credit loss models consider historical credit loss experience, current market and economic conditions, and forecasted changes in market and economic conditions if such forecasts are considered reasonable and supportable. Generally, the Bancorp considers its forecasts to be reasonable and supportable for a period of up to three years from the estimation date. For periods beyond the reasonable and supportable forecast period, expected credit losses are estimated by reverting to historical loss information without adjustment for changes in economic conditions. This reversion is phased in over a two-year period. The Bancorp evaluates the length of its reasonable and supportable forecast period, its reversion period and reversion methodology at least annually, or more often if warranted by economic conditions or other circumstances.

The Bancorp also considers qualitative factors in determining the ALLL in order to capture characteristics in the portfolio that impact expected credit losses but are not fully captured within the Bancorp’s expected credit loss models. These may include adjustments for changes in policies or procedures in underwriting, monitoring or collections, lending and risk management personnel and results of internal audit and quality control reviews. These may also include adjustments, when deemed necessary, for specific idiosyncratic risks such as geopolitical events, natural disasters and their effects on regional borrowers, changes in product structures or changes in economic conditions that are not reflected in the quantitative credit loss models. Qualitative factor adjustments may also be used to address the impacts of unforeseen events on key inputs and assumptions within the Bancorp’s expected credit loss models, such as the reasonable and supportable forecast period, changes to historical loss information or changes to the reversion period or methodology.

When evaluating the adequacy of allowances, consideration is also given to regional geographic concentrations and the closely associated effect that changing economic conditions may have on the Bancorp’s customers.

Reserve for Unfunded Commitments
The reserve for unfunded commitments is maintained at a level believed by management to be sufficient to absorb estimated expected credit losses related to unfunded credit facilities and is included in other liabilities in the Consolidated Balance Sheets. The determination of the adequacy of the reserve is based upon expected credit losses over the remaining contractual life of the commitments, taking into consideration the current funded balance and estimated exposure over the reasonable and supportable forecast period. This process takes into consideration the same risk elements that are analyzed in the determination of the adequacy of the Bancorp’s ALLL, as previously discussed. Net adjustments to the reserve for unfunded commitments are included in the provision for credit losses in the Consolidated Statements of Income.

Loans and Leases Held for Sale
Loans and leases held for sale primarily represent conforming fixed-rate residential mortgage loans originated or acquired with the intent to sell in the secondary market and jumbo residential mortgage loans, commercial loans, other residential mortgage loans and other consumer loans that management has the intent to sell. Loans and leases held for sale may be carried at the lower of cost or fair value, or carried at fair value where the Bancorp has elected the fair value option of accounting under U.S. GAAP. The Bancorp has elected to measure certain groups of loans held for sale under the fair value option, including certain residential mortgage loans originated as held for sale and certain purchased commercial loans designated as held for sale at acquisition. For loans in which the Bancorp has not elected the fair value option, the lower of cost or fair value is determined at the individual loan level.

The fair value of residential mortgage loans held for sale for which the fair value election has been made is estimated based upon mortgage-backed securities prices and spreads to those prices or, for certain ARM loans, DCF models that may incorporate the anticipated portfolio composition, credit spreads of asset-backed securities with similar collateral and market conditions. The anticipated portfolio composition includes the effects of interest rate spreads and discount rates due to loan characteristics such as the state in which the loan was originated, the
loan amount and the ARM margin. These fair value marks are recorded as a component of noninterest income in mortgage banking net revenue in the Consolidated Statements of Income. For residential mortgage loans that it has originated as held for sale, the Bancorp generally has commitments to sell these loans in the secondary market. Gains or losses on sales are recognized in mortgage banking net revenue in the Consolidated Statements of Income.

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, thereafter, reported within the Bancorp’s residential mortgage class of portfolio loans and leases. In such cases, if the fair value option was elected, the residential mortgage loans will continue to be measured at fair value, which is based on mortgage-backed securities prices, interest rate risk and an internally developed credit component.

Loans and leases held for sale are placed on nonaccrual status consistent with the Bancorp’s nonaccrual policies for portfolio loans and leases.

Loan Sales and Securitizations
The Bancorp periodically sells loans through either securitizations or individual loan sales in accordance with its investment policies. The sold loans are removed from the Consolidated Balance Sheet and a net gain or loss is recognized in the Consolidated Financial Statements at the time of sale. The Bancorp typically isolates the loans through the use of a VIE and thus is required to assess whether the entity holding the sold or securitized loans is a VIE and whether the Bancorp is the primary beneficiary and therefore consolidator of that VIE. If the Bancorp holds the power to direct activities most significant to the economic performance of the VIE and has the obligation to absorb losses or right to receive benefits that could potentially be significant to the VIE, then the Bancorp will generally be deemed the primary beneficiary of the VIE. If the Bancorp is determined not to be the primary beneficiary of a VIE but holds a variable interest in the entity, such variable interests are accounted for under the equity method of accounting or other accounting standards as appropriate. Refer to Note 12 for further information on consolidated and non-consolidated VIEs.

The Bancorp’s loan sales and securitizations are generally structured with servicing retained, which often results in the recording of servicing rights. The Bancorp may also purchase servicing rights. The Bancorp has elected to measure all existing classes of its residential mortgage servicing rights portfolio at fair value with changes in the fair value of servicing rights reported in mortgage banking net revenue in the Consolidated Statements of Income in the period in which the changes occur.

Servicing rights are valued using internal OAS models. Key economic assumptions used in estimating the fair value of the servicing rights include the prepayment speeds of the underlying loans, the weighted-average life, the OAS and the weighted-average coupon rate, as applicable. The primary risk of material changes to the value of the servicing rights resides in the potential volatility in the economic assumptions used, particularly the prepayment speeds. In order to assist in the assessment of the fair value of servicing rights, the Bancorp obtains external valuations of the servicing rights portfolio from third parties and participates in peer surveys that provide additional confirmation of the reasonableness of the key assumptions utilized in the internal OAS model.

Fees received for servicing loans owned by investors are based on a percentage of the outstanding monthly principal balance of such loans and are included in noninterest income in the Consolidated Statements of Income as loan payments are received. Costs of servicing loans are charged to expense as incurred.

Reserve for 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 (make whole) the investor or insurer for which the representation or warranty of the Bancorp proves to be inaccurate, incomplete or misleading. The Bancorp establishes a residential mortgage repurchase reserve related to various representations and warranties that reflects management’s estimate of losses based on a combination of factors.

The Bancorp’s estimation process requires management to make subjective and complex judgments about matters that are inherently uncertain, such as future demand expectations, economic factors and the specific characteristics of the loans subject to repurchase. Such factors incorporate historical investor audit and repurchase demand rates, appeals success rates, historical loss severity and any additional information obtained from the GSEs regarding future mortgage repurchase and file request criteria. At the time of a loan sale, the Bancorp records a representation and warranty reserve at the estimated fair value of the Bancorp’s guarantee and continually updates the reserve during the life of the loan as losses in excess of the reserve become probable and reasonably estimable. The provision for the estimated fair value of the representation and warranty guarantee arising from the loan sales is recorded as an adjustment to the gain on sale, which is included in other noninterest income in the Consolidated Statements of Income at the time of sale. Updates to the reserve are recorded in other noninterest expense in the Consolidated Statements of Income.
Bank Premises and Equipment and Other Long-Lived Assets
Bank premises and equipment, including leasehold improvements, and operating lease equipment are carried at cost less accumulated depreciation and accumulated amortization. Generally, depreciation is calculated using the straight-line method based on estimated useful lives of the assets for book purposes, while accelerated depreciation is used for income tax purposes. Amortization of leasehold improvements is generally computed using the straight-line method over the lives of the related leases or useful lives of the related assets, whichever is shorter. Whenever events or changes in circumstances dictate, the Bancorp tests its long-lived assets for impairment by determining whether the sum of the estimated undiscounted future cash flows attributable to a long-lived asset or asset group is less than the carrying amount of the long-lived asset or asset group through a probability-weighted approach. In the event the carrying amount of the long-lived asset or asset group is not recoverable, an impairment loss is measured as the amount by which the carrying amount of the long-lived asset or asset group exceeds its fair value. Maintenance, repairs and minor improvements are charged to noninterest expense in the Consolidated Statements of Income as incurred. Lease payments received for operating lease equipment are recognized in commercial banking revenue in the Consolidated Statements of Income over the lease term on a straight-line basis unless another systematic and rational basis is more representative of the pattern in which benefit is expected to be derived from use of the underlying equipment.

Lessee Accounting
ROU assets and lease liabilities are recognized for all leases unless the initial term of the lease is twelve months or less. Lease costs for operating leases are recognized on a straight-line basis over the lease term unless another systematic basis is more representative of the pattern of consumption. The lease term includes any renewal period that the Bancorp is reasonably certain to exercise. The Bancorp uses its incremental borrowing rate to discount the lease payments if the rate implicit in the lease is not readily determinable. Variable lease payments associated with operating leases are recognized in the period in which the obligation for payments is incurred.

For finance leases, the lease liability is measured using the effective interest method such that the liability is increased for interest based on the discount rate that is implicit in the lease or the Bancorp’s incremental borrowing rate if the implicit rate cannot be readily determined, offset by a decrease in the liability resulting from the periodic lease payments. The ROU asset associated with the finance lease is amortized on a straight-line basis unless there is another systematic and rational basis that better reflects how the benefits of the underlying assets are consumed over the lease term. The period over which the ROU asset is amortized is generally the lesser of the remaining lease term or the remaining useful life of the leased asset. Variable lease payments associated with finance leases are recognized in the period in which the obligation for those payments is incurred.

When the lease liability is remeasured to reflect changes to the lease payments as a result of a lease modification, the ROU asset is adjusted for the amount of the lease liability remeasurement. If a lease modification reduces the scope of a lease, the ROU asset would be reduced proportionately based on the change in the lease liability and the difference between the lease liability adjustment and the resulting ROU asset adjustment would be recognized as a gain or loss in the Consolidated Statements of Income. Additionally, the amortization of the ROU asset is adjusted prospectively from the date of remeasurement.

The Bancorp performs impairment assessments for ROU assets when events or changes in circumstances indicate that their carrying values may not be recoverable. Any impairment loss is recognized in net occupancy expense in the Consolidated Statements of Income. Refer to the Bank Premises and Equipment and Other Long-Lived Assets section of this footnote for further information.

Goodwill
Business combinations entered into by the Bancorp typically include the recognition of goodwill. U.S. GAAP requires goodwill to be tested for impairment at the reporting unit level on an annual basis, which the Bancorp performs as of October 1 each year, and more frequently if events or circumstances indicate that there may be impairment.

Impairment exists when a reporting unit’s carrying amount of goodwill exceeds its implied fair value. In testing goodwill for impairment, U.S. GAAP permits the Bancorp to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. In this qualitative assessment, the Bancorp evaluates events and circumstances which may include, but are not limited to, the general economic environment, banking industry and market conditions, the overall financial performance of the Bancorp, the performance of the Bancorp’s common stock, the key financial performance metrics of the Bancorp’s reporting units and events affecting the reporting units. If the Bancorp concludes that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, a quantitative impairment test is not required, and no impairment is recognized. If the quantitative impairment test is required or the decision to bypass the qualitative assessment is elected, the Bancorp performs the goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. A recognized impairment loss cannot be reversed in future periods even if the fair value of the reporting unit subsequently recovers.

The fair value of a reporting unit is the price that would be received to sell the unit as a whole in an orderly transaction between market participants at the measurement date. As none of the Bancorp’s reporting units are publicly traded, individual reporting unit fair value determinations cannot be directly correlated to the Bancorp’s stock price. The determination of the fair value of a reporting unit is a subjective process that involves the use of estimates and judgments, particularly related to cash flows, the appropriate discount rates and an applicable control premium. The determination of the fair value of the Bancorp’s reporting units includes both an income-based approach and
a market-based approach. The income-based approach utilizes the reporting unit’s forecasted cash flows (including a terminal value approach to estimate cash flows beyond the final year of the forecast) and the reporting unit’s estimated cost of equity as the discount rate. Significant management judgment is necessary in the preparation of each reporting unit’s forecasted cash flows surrounding expectations for earnings projections, growth and credit loss expectations and actual results may differ from forecasted results. Additionally, the Bancorp determines its market capitalization based on the average of the closing price of the Bancorp’s stock during the period beginning September 1 and ending on the measurement date, incorporating an additional control premium, and compares this market-based fair value measurement to the aggregate fair value of the Bancorp’s reporting units in order to corroborate the results of the income approach. Refer to Note 10 for further information regarding the Bancorp’s goodwill.

Tax Credit Investments
The Bancorp invests in projects to create affordable housing and revitalize business and residential areas. These investments are classified as other assets on the Bancorp’s Consolidated Balance Sheets. Investments in projects that qualify for Low-Income Housing Tax Credits, New Markets Tax Credits and Rehabilitation Investment Tax Credits are accounted for using the proportional amortization method if certain conditions are met. Under the proportional amortization method, the initial cost of the investment is amortized in proportion to the tax credits and other benefits received and recognized as a component of applicable income tax expense in the Consolidated Statements of Income. Investments which do not meet the qualification criteria for the proportional amortization method are accounted for using the equity method of accounting with impairment associated with the investments recognized in other noninterest expense in the Consolidated Statements of Income.

Derivative Financial Instruments and Hedge Accounting
The Bancorp accounts for its derivatives as either assets or liabilities measured at fair value through adjustments to AOCI and/or current earnings, as appropriate. The related cash flows are classified as operating activities in the Consolidated Statements of Cash Flows. On the date the Bancorp enters into a derivative contract, the Bancorp designates the derivative instrument as either a fair value hedge, cash flow hedge or as a free-standing derivative instrument. For a fair value hedge, changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk are recorded in current period net income. For a cash flow hedge, changes in the fair value of the derivative instrument are recorded in AOCI and subsequently reclassified to net income in the same period(s) that the hedged transaction impacts net income. For free-standing derivative instruments, changes in fair values are reported in current period net income.

The fair value of derivative instruments is presented on a gross basis, even when the derivative instruments are subject to master netting arrangements. Derivative instruments with a positive fair value are reported in other assets in the Consolidated Balance Sheets while derivative instruments with a negative fair value are reported in other liabilities in the Consolidated Balance Sheets. Cash collateral payables and receivables associated with the derivative instruments are not added to or netted against the fair value amounts with the exception of certain variation margin payments that are considered legal settlements of the derivative contracts. For derivative contracts cleared through certain central clearing parties who have modified their rules to treat variation margin payments as settlements, the variation margin payments are applied to net the fair value of the respective derivative contracts.

When entering into a hedge transaction, the Bancorp formally documents the relationship between the hedging instrument and the hedged item, as well as the risk management objective and strategy for undertaking the hedge transaction before the end of the quarter in which the transaction is consummated. This process includes linking the derivative instrument designated as a fair value or cash flow hedge to a specific asset or liability on the balance sheet or to specific forecasted transactions and the risk being hedged, along with a formal assessment at the inception of the hedge as to the effectiveness of the derivative instrument in offsetting changes in fair values or cash flows of the hedged item. The Bancorp continues to assess hedge effectiveness on an ongoing basis using either a qualitative or a quantitative assessment (regression analysis). Additionally, the Bancorp may also utilize the shortcut method to evaluate hedge effectiveness for certain qualifying hedges with matched terms that permit the assumption of perfect offset. If the shortcut method is no longer appropriate, the Bancorp would apply the long-haul method identified at inception of the hedging transaction for assessing hedge effectiveness as long as the hedge is highly effective. If it is determined that the derivative instrument is not highly effective as a hedge, hedge accounting is discontinued. For fair value hedges, if hedge accounting is discontinued, the cumulative basis adjustments related to the hedged asset or liability are amortized to earnings in the same manner as other components of the carrying amount of that asset or liability. For cash flow hedges, upon discontinuation of hedge accounting, any amounts in AOCI related to that relationship should affect earnings at the same time and in the same manner in which the hedged transaction affects earnings. However, if it becomes probable that the forecasted transaction will not occur, any related amounts in AOCI are reclassified to earnings immediately.

Other Real Estate Owned
OREO, which is included in other assets in the Consolidated Balance Sheets, represents property acquired through foreclosure or other proceedings and branch-related real estate no longer intended to be used for banking purposes. OREO is carried at the lower of cost or fair value, less costs to sell. All OREO property is periodically evaluated for impairment and decreases in carrying value are recognized as reductions in other noninterest income in the Consolidated Statements of Income. For government-guaranteed mortgage loans, upon foreclosure, a separate other receivable is recognized if certain conditions are met for the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. This receivable is also included in other assets, separate from OREO, in the Consolidated Balance Sheets.
Deposits
Deposits generally include the unpaid balance of cash or its equivalent received or held by the Bank for its commercial and consumer customers. Deposits are classified as either transactional or non-transactional and include both interest-bearing and noninterest-bearing balances. Interest expense incurred on interest-bearing deposits is recognized in accordance with applicable guidance in U.S. GAAP for these liabilities and includes certain ongoing deposit placement fees paid on custodial accounts.

Legal Contingencies
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 and significant judgment may be required in the determination of both the probability of loss and whether the amount of the loss is reasonably estimable. The Bancorp’s estimates are subjective and are based on the status of legal and regulatory proceedings, the merit of the Bancorp’s defenses and consultation with internal and external legal counsel. 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. This accrual is included in other liabilities in the Consolidated Balance Sheets and is adjusted from time to time as appropriate to reflect changes in circumstances. Legal expenses are recorded in other noninterest expense in the Consolidated Statements of Income.

Income Taxes
The Bancorp accounts for income taxes using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for expected future tax consequences. Under the asset and liability method, deferred tax assets and liabilities are determined by applying the federal and state tax rates to the differences between financial statement carrying amounts and the corresponding tax bases of assets and liabilities. Deferred tax assets are also recorded for any tax attributes, such as tax credits and net operating loss carryforwards. The net balances of deferred tax assets and liabilities are reported in other assets and accrued taxes, interest and expenses in the Consolidated Balance Sheets. Any effect of a change in federal or state tax rates on deferred tax assets and liabilities is recognized in income tax expense in the period that includes the enactment date. The Bancorp reflects the expected amount of income tax to be paid or refunded during the year as current income tax expense or benefit. Accrued taxes represent the net expected amount due to and/or from taxing jurisdictions and are reported in accrued taxes, interest and expenses in the Consolidated Balance Sheets. The Bancorp uses the deferral method of accounting on investments that generate investment tax credits. Under this method, the investment tax credits are recognized as a reduction to the related asset.

The Bancorp evaluates the realization of deferred tax assets based on all positive and negative evidence available at the balance sheet date. Realization of deferred tax assets is based on the Bancorp’s judgment about relevant factors affecting their realization, including the taxable income within any applicable carry back periods, future projected taxable income, the reversal of taxable temporary differences and tax planning strategies. The Bancorp records a valuation allowance for deferred tax assets where the Bancorp does not believe that it is more likely than not that the deferred tax assets will be realized.

Income tax benefits from uncertain tax positions are recognized in the financial statements only if the Bancorp believes that it is more likely than not that the uncertain tax position will be sustained based solely on the technical merits of the tax position and consideration of the relevant taxing authority’s widely understood administrative practices and precedents. If the Bancorp does not believe that it is more likely than not that an uncertain tax position will be sustained, the Bancorp records a liability for the uncertain tax position. If the Bancorp believes that it is more likely than not that an uncertain tax position will be sustained, the Bancorp only records a tax benefit for the portion of the uncertain tax position where the likelihood of realization is greater than 50% upon settlement with the relevant taxing authority that has full knowledge of all relevant information. The Bancorp recognizes interest expense, interest income and penalties related to unrecognized tax benefits within applicable income tax expense in the Consolidated Statements of Income. Refer to Note 21 for further discussion regarding income taxes.

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. The Bancorp employs various valuation approaches to measure fair value including the market, income and cost approaches. The market approach uses prices or relevant information generated by market transactions involving identical or comparable assets or liabilities. The income approach involves discounting future amounts to a single present amount and is based on current market expectations about those future amounts. The cost approach is based on the amount that currently would be required to replace the service capacity of the asset.

U.S. GAAP 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. The three levels within the fair value hierarchy are described as follows:
Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Bancorp has the ability to access at the measurement date.

Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 – Unobservable inputs for the asset or liability for which there is little, if any, market activity at the measurement date. Unobservable inputs reflect the Bancorp’s own assumptions about what market participants would use to price the asset or liability. The inputs are developed based on the best information available in the circumstances, which might include the Bancorp’s own financial data such as internally developed pricing models and DCF methodologies, as well as instruments for which the fair value determination requires significant management judgment.

The Bancorp’s fair value measurements involve various valuation techniques and models, which involve inputs that are observable, when available. Valuation techniques and parameters used for measuring assets and liabilities are reviewed and validated by the Bancorp on a quarterly basis. Additionally, the Bancorp monitors the fair values of significant assets and liabilities using a variety of methods including the evaluation of pricing runs and exception reports based on certain analytical criteria, comparison to previous trades and overall review and assessments for reasonableness. The Bancorp may, as a practical expedient, measure the fair value of certain investments on the basis of the net asset value per share of the investment, or its equivalent. Any investments which are valued using this practical expedient are not classified in the fair value hierarchy. Refer to Note 28 for further information on fair value measurements.

Revenue Recognition
The Bancorp’s interest income is derived from loans and leases, investment securities and other short-term investments. The Bancorp recognizes interest income in accordance with the applicable guidance in U.S. GAAP for these assets. Refer to the Portfolio Loans and Leases and Investment Securities sections of this footnote for further information.

The Bancorp generally measures noninterest income revenue based on the amount of consideration the Bancorp expects to be entitled for the transfer of goods or services to a customer, then recognizes this revenue when or as the Bancorp satisfies its performance obligations under the contract, except in transactions where U.S. GAAP provides other applicable guidance. When the amount of consideration is variable, the Bancorp will only recognize revenue to the extent that it is probable that the cumulative amount recognized will not be subject to a significant reversal in the future. Substantially all of the Bancorp’s contracts with customers have expected durations of one year or less and payments are typically due when or as the services are rendered or shortly thereafter. When third parties are involved in providing goods or services to customers, the Bancorp recognizes revenue on a gross basis when it has control over those goods or services prior to transfer to the customer; otherwise, revenue is recognized for the net amount of any fee or commission. The Bancorp excludes sales taxes from the recognition of revenue and recognizes the incremental costs of obtaining contracts as an expense if the period of amortization for those costs would be one year or less. The following provides additional information about the components of noninterest income:
•Wealth and asset management revenue consists primarily of service fees for investment management, custody, and trust administration services provided to commercial and consumer clients. The Bancorp’s performance obligations for these services are generally satisfied over time and revenues are recognized monthly based on the fee structure outlined in individual contracts. Transaction prices are most commonly based on the market value of assets under management or care and/or a fee per transaction processed. The Bancorp also offers certain services for which the performance obligations are satisfied and revenue is recognized at a point in time, when the services are performed. Wealth and asset management revenue also includes trailing commissions received from investments and annuities held in customer accounts, which are recognized in revenue when the Bancorp determines that it has satisfied its performance obligations and has sufficient information to estimate the amount of the commissions to which it expects to be entitled.
•Commercial payments revenue consists primarily of treasury management fees for commercial clients, monthly service charges on commercial deposit accounts and revenue related to commercial cards associated with commercial client relationships. The Bancorp’s treasury management fees include revenues for traditional treasury management services as well as embedded payments services. Monthly service charges are typically collected from customers directly from the related deposit account at the time the transaction is processed and/or at the end of the customer’s statement cycle (typically monthly). Commercial card revenue includes interchange fees earned when commercial cards are processed through card association networks, revenue derived from the Bancorp’s relationships with card processors and transaction-based fees charged directly to commercial clients. The performance obligations for treasury management fees and service charges on deposits are typically satisfied over time while performance obligations for transaction-based fees are typically satisfied at a point in time when the transactions generating the fees are processed. Revenues are recognized on an accrual basis when or as the services are provided to the customer, net of applicable discounts, waivers, reversals, and costs not controlled by the Bancorp (primarily interchange fees charged by credit card associations and expenses of certain transaction-based rewards programs offered to customers).
•Consumer banking revenue consists primarily of interchange fees earned when the Bancorp’s consumer credit and debit cards are processed through card association networks, monthly service charges on consumer deposit accounts and other deposit account-related charges, transaction-based fees (such as late fees, overdraft fees and wire transfer fees) for consumer loans and deposits, and
fees related to ancillary services provided to consumers. The Bancorp’s performance obligations for transaction-based fees are typically satisfied at a point in time when the transactions generating the fees are processed while performance obligations for consumer deposit account service charges are typically satisfied over time. Revenues are recognized on an accrual basis when or as the services are provided to the customer, net of applicable discounts, waivers, reversals, and certain costs not controlled by the Bancorp (primarily interchange fees charged by credit card associations and expenses of certain transaction-based rewards programs offered to customers). Revenue related to consumer loans is recognized in accordance with the Bancorp’s policies for portfolio loans and leases.
•Capital markets fees consist primarily of underwriting revenue recognized by the Bancorp’s broker-dealer subsidiary, syndication fees for commercial loans, merger and acquisition advisory fees and income earned related to financial risk management services provided to commercial clients. Underwriting revenue is generally recognized on the trade date, which is when the Bancorp’s performance obligations are satisfied. Syndication fees are recognized in income when the syndication is complete unless a portion of the loan is retained in the transaction, in which case the Bancorp’s policies for portfolio loans and leases would apply. Merger and acquisition advisory fees are recognized in income at a point in time when the transactions generating the fees are completed. Income from financial risk management services is primarily related to customer accommodation derivatives and is recognized in accordance with the Bancorp’s policies for derivative financial instruments.
•Commercial banking revenue consists primarily of service fees and other income related to lending activity to commercial clients and leasing business revenue, which includes operating lease income, lease remarketing fees and lease syndication fees. Revenue related to loans and leases is recognized in accordance with either the Bancorp’s policies for portfolio loans and leases or when the Bancorp’s performance obligations are satisfied.
•Mortgage banking net revenue consists primarily of origination fees and gains on loan sales, mortgage servicing fees and the impact of MSRs. Refer to the Loans and Leases Held for Sale and Loan Sales and Securitizations sections of this footnote for further information.
•Other noninterest income primarily includes BOLI income, equity method and private equity income, losses on other assets and other miscellaneous revenues and gains.

Earnings Per Share
Basic earnings per share is computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Earnings per diluted share is computed by dividing adjusted net income available to common shareholders by the weighted-average number of shares of common stock outstanding, adjusted for the impact of potentially dilutive common shares arising from the exercise or settlement of stock-based awards and the settlement of outstanding forward contracts.

The Bancorp calculates earnings per share pursuant to the two-class method. The two-class method is an earnings allocation formula that determines earnings per share separately for common stock and participating securities according to dividends declared and participation rights in undistributed earnings. For purposes of calculating earnings per share under the two-class method, restricted shares that contain nonforfeitable rights to dividends are considered participating securities until vested. While the dividends declared per share on such restricted shares are the same as dividends declared per common share outstanding, the dividends recognized on such restricted shares may be less because dividends paid on restricted shares that are expected to be forfeited are reclassified to compensation expense during the period when forfeiture is expected.

Pension Plans
The Bancorp uses an expected long-term rate of return applied to the fair market value of assets as of the beginning of the year and the expected cash flow during the year for calculating the expected investment return on all pension plan assets. 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. The Bancorp uses a third-party actuary to compute the remaining service period of participating employees. This period reflects expected turnover, pre-retirement mortality and other applicable employee demographics.

Stock-Based Compensation
The Bancorp recognizes compensation expense for the grant-date fair value of stock-based awards that are expected to vest over the requisite service period. All awards, both those with cliff vesting and graded vesting, are expensed on a straight-line basis over the requisite service period. Awards to employees that meet eligible retirement status are expensed immediately. As compensation expense is recognized, a deferred tax asset is recorded that represents an estimate of the future tax deduction from exercise or release of restrictions. At the time awards are exercised, cancelled, expire or restrictions are released, the Bancorp recognizes an adjustment to income tax expense for the difference between the previously estimated tax deduction and the actual tax deduction realized. For further information on the Bancorp’s stock-based compensation plans, refer to Note 25.
Other
Securities and other property held in a trust or fiduciary capacity by divisions of the Bancorp’s banking subsidiary are not included in the Consolidated Balance Sheets because such items are not assets of the subsidiaries.

Other short-term investments have original maturities less than one year and primarily include interest-bearing balances that are funds on deposit at other depository institutions or the FRB. The Bancorp uses other short-term investments as part of its liquidity risk management activities.

The Bancorp purchases life insurance policies on the lives of certain directors, officers and employees and is the owner and beneficiary of the policies. The Bancorp invests in these policies, known as BOLI, to provide an efficient form of funding for long-term retirement and other employee benefits costs. Certain BOLI policies have a stable value agreement through either a large, well-rated bank or multi-national insurance carrier that provides limited cash surrender value protection from declines in the value of each policy’s underlying investments. The Bancorp records these BOLI policies within other assets in the Consolidated Balance Sheets at each policy’s respective cash surrender value, with changes recorded in other noninterest income in the Consolidated Statements of Income.

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 Consolidated Statements of Income. The Bancorp reviews intangible assets for impairment whenever events or changes in circumstances indicate that carrying amounts may not be recoverable.

Securities sold under repurchase agreements are accounted for as secured borrowings and included in other short-term borrowings in the Consolidated Balance Sheets at the amounts at which the securities were sold plus accrued interest.

Acquisitions of treasury stock are carried at cost and are subject to a non-deductible excise tax of 1% of the net fair market value of stock repurchased during a given tax year. The amount of taxable repurchases is reduced by the fair market value of stock which is issued within the same tax year, including stock issued as part of stock-based compensation plans. The Bancorp accounts for this excise tax as a cost of acquiring treasury stock and includes the estimated incremental tax liability associated with individual share repurchase transactions as part of the cost basis of the shares repurchased. Reissuance of shares in treasury for acquisitions, exercises of stock-based awards or other corporate purposes is recorded based on the specific identification method.

Advertising costs are generally expensed as incurred.

ACCOUNTING AND REPORTING DEVELOPMENTS
Standard Adopted in 2025
The Bancorp adopted the following new accounting standard effective January 1, 2025:

ASU 2023-09 – Income Taxes (Topic 740): Improvements to Income Tax Disclosures
In December 2023, the FASB issued ASU 2023-09, which amends the disclosure requirements for income taxes. The amendments primarily include new requirements to disclose additional information as part of the reconciliation of the effective tax rate to statutory tax rates, provide the amount of income taxes paid, net of refunds received, and income tax expense disaggregated between federal, state and foreign jurisdictions and provide income before income taxes disaggregated between domestic and foreign jurisdictions. The amendments also discontinue certain other disclosure requirements. The Bancorp implemented the amended guidance on a retrospective basis beginning with this Annual Report on Form 10-K for the year ended December 31, 2025. The amended disclosures are presented in Note 21.

Significant Accounting Standards Issued but Not Yet Adopted
The following significant accounting standards were issued but not yet adopted by the Bancorp as of December 31, 2025:

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 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 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 Consolidated Financial Statements.

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 (non-PCD) loans (excluding credit cards) purchased at least 90 days after origination or 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 amortized cost basis, 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 principle balance is recognized as a non-credit discount 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 purchased seasoned loans, which allows the use of the amortized cost basis rather than the unpaid principal balance when subsequently measuring the allowance for credit losses. As permitted, the Bancorp elected to early adopt the amended guidance on January 1, 2026 on a prospective basis.

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 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.
v3.25.4
Supplemental Cash Flow Information
 12 Months Ended
Dec. 31, 2025
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 years ended December 31:
($ in millions)202520242023
Cash Payments:
Interest$3,974 4,871 3,776 
Income taxes paid, net of refunds received185 193 655 
Transfers:
Portfolio loans and leases to loans and leases held for sale$346 422 513 
Loans and leases held for sale to portfolio loans and leases5 4 6 
Portfolio loans and leases to OREO23 23 12 
Bank premises and equipment to OREO15 9 30 
Available-for-sale debt securities to held-to-maturity securities(a)
— 11,593 — 
Supplemental Disclosures:
Net additions to lease liabilities under operating leases
$173 74 72 
Net additions (reductions) to lease liabilities under finance leases32 44 (6)
(a)Represents the fair value of the securities on the date of transfer. Refer to Note 4 for additional information.
v3.25.4
Restrictions on Dividends and Capital Actions
 12 Months Ended
Dec. 31, 2025
Cash and Cash Equivalents [Abstract]  
Restrictions on Dividends and Capital Actions Restrictions on Dividends and Capital Actions
Restrictions on Cash Dividends
The principal source of income and funds for the Bancorp (parent company) are dividends from its subsidiaries. The dividends paid by the Bancorp’s banking subsidiary are subject to regulations and limitations prescribed by state and federal supervisory agencies. The Bancorp’s nonbank subsidiaries are also limited by certain federal and state statutory provisions and regulations covering the amount of dividends that may be paid in any given year. The Bancorp’s indirect banking and nonbanking subsidiaries paid the Bancorp’s direct nonbank subsidiary holding company, which in turn paid the Bancorp, $2.2 billion and $1.8 billion in dividends during the years ended December 31, 2025 and 2024, respectively.

Capital Actions
The Bancorp is subject to restrictions on its capital actions, primarily as a result of supervisory policies set by the FRB. The Bancorp is required to develop and maintain a capital plan that governs its capacity to pay dividends and execute share repurchases and this plan is required to be submitted to the FRB periodically. As part of its capital plan, the Bancorp increased its quarterly common stock dividend to $0.40 per share in the third quarter of 2025. Additionally, the Bancorp entered into and settled accelerated share repurchase transactions during the year ended December 31, 2025. For more information related to these transactions, refer to Note 24.
v3.25.4
Investment Securities
 12 Months Ended
Dec. 31, 2025
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 December 31:
2025
($ in millions)Amortized CostUnrealized GainsUnrealized LossesFair
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.

2024
($ in millions)Amortized CostUnrealized GainsUnrealized LossesFair
Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$4,358 2 — 4,360 
Mortgage-backed securities:
Agency residential mortgage-backed securities6,460 — (779)5,681 
Agency commercial mortgage-backed securities23,853 1 (3,022)20,832 
Non-agency commercial mortgage-backed securities4,505 — (338)4,167 
Asset-backed securities and other debt securities3,924 3 (198)3,729 
Other securities(a)
778 — — 778 
Total available-for-sale debt and other securities$43,878 6 (4,337)39,547 
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities$2,370 — (26)2,344 
Mortgage-backed securities:
Agency residential mortgage-backed securities4,898 — (197)4,701 
Agency commercial mortgage-backed securities4,008 — (90)3,918 
Asset-backed securities and other debt securities2 — — 2 
Total held-to-maturity securities$11,278 — (313)10,965 
(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $276, $500 and $2, respectively, at December 31, 2024, that are carried at cost.
(b)The amortized cost basis includes a discount of $865 at December 31, 2024 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 December 31:
($ in millions)20252024
Trading debt securities$1,057 1,185 
Equity securities453 341 
The amounts reported in the preceding tables exclude accrued interest receivable on investment securities of $139 million and $162 million at December 31, 2025 and 2024, respectively, which is presented as a component of other assets in the Consolidated Balance Sheets.

In January 2024, the Bancorp transferred $12.6 billion (amortized cost basis) of investment securities from available-for-sale to held-to-maturity to reflect the Bancorp’s change in intent to hold these securities to maturity in order to reduce potential capital volatility associated with investment security market price fluctuations. AOCI included pretax unrealized losses of $994 million on these securities at the date of transfer. The unrealized losses that existed on the date of transfer will continue to be reported as a component of AOCI and will be amortized into income over the remaining life of the securities as an adjustment to yield, offsetting the amortization of the discount resulting from the transfer recorded at fair value. The amortized cost basis of held-to-maturity securities included a discount of $742 million and $865 million at December 31, 2025 and 2024, respectively, pertaining to the unamortized portion of unrealized losses on the previously transferred securities, which are offset in AOCI.

The following table presents the components of net securities gains and losses recognized in the Consolidated Statements of Income for the years ended December 31:
($ in millions)202520242023
Available-for-sale debt and other securities:
Realized gains$10 5 34 
Realized losses(10)(2)(30)
Impairment losses— (21)(5)
Net gains (losses) on available-for-sale debt and other securities$— (18)(1)
Trading debt securities:
Net unrealized gains— — 3 
Net trading debt securities gains$— — 3 
Equity securities:
Net realized (losses) gains (44)15 5 
Net unrealized gains57 18 11 
Net equity securities gains$13 33 16 
Total gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities(a)
$13 15 18 
(a)Excludes $14, $5 and $13 of net securities gains for the years ended December 31, 2025, 2024 and 2023, 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 Consolidated Statements of Income.

During the years ended December 31, 2025, 2024 and 2023, the Bancorp recognized an immaterial amount, $21 million and $5 million, respectively, of impairment losses on its available-for-sale debt and other securities, included in securities gains, net, in the Consolidated Statements of Income. These losses related to certain securities in unrealized loss positions where the Bancorp had determined that it no longer intended to hold the securities until the recovery of their amortized cost bases.

At both December 31, 2025 and 2024, 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 the years ended December 31, 2025, 2024 and 2023.

At December 31, 2025 and 2024, investment securities with a fair value of $28.6 billion and $30.0 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 December 31, 2025 are shown in the following table:
Available-for-Sale Debt and OtherHeld-to-Maturity
($ in millions)Amortized Cost
Fair Value
Amortized Cost
Fair Value
Debt securities:(a)
Due in 1 year or less$3,014 2,996 602 603 
Due after 1 year through 5 years12,689 12,112 2,971 3,004 
Due after 5 years through 10 years18,317 16,501 7,594 7,593 
Due after 10 years4,413 3,876 201 204 
Other securities674 674 — — 
Total$39,107 36,159 11,368 11,404 
(a)Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.
The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of December 31:
Less than 12 months12 months or moreTotal
($ in millions)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
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)
2024
U.S. Treasury and federal agencies securities$569 — — — 569 — 
Agency residential mortgage-backed securities1,061 (14)4,566 (765)5,627 (779)
Agency commercial mortgage-backed securities157 (6)20,536 (3,016)20,693 (3,022)
Non-agency commercial mortgage-backed securities183 (3)3,984 (335)4,167 (338)
Asset-backed securities and other debt securities283 (11)3,157 (187)3,440 (198)
Total$2,253 (34)32,243 (4,303)34,496 (4,337)

At December 31, 2025 and 2024, $24 million and $34 million, respectively, of unrealized losses in the available-for-sale debt and other securities portfolio were related to non-rated securities.
v3.25.4
Loans and Leases
 12 Months Ended
Dec. 31, 2025
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 6.

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 December 31:
($ in millions)20252024
Loans and leases held for sale:
Commercial and industrial loans$46 15 
Commercial mortgage loans29 22 
Commercial construction loans— 29 
Residential mortgage loans658 574 
Total loans and leases held for sale$733 640 
Portfolio loans and leases:
Commercial and industrial loans$52,749 52,271 
Commercial mortgage loans12,228 12,246 
Commercial construction loans5,316 5,588 
Commercial leases3,269 3,188 
Total commercial loans and leases$73,562 73,293 
Residential mortgage loans$17,652 17,543 
Home equity4,846 4,188 
Indirect secured consumer loans17,964 16,313 
Credit card1,747 1,734 
Solar energy installation loans4,560 4,202 
Other consumer loans2,320 2,518 
Total consumer loans$49,089 46,498 
Total portfolio loans and leases$122,651 119,791 

Portfolio loans and leases are recorded net of unearned income, which totaled $384 million and $380 million as of December 31, 2025 and 2024, respectively. The amortized cost basis of loans and leases excludes accrued interest receivable of $534 million and $566 million at December 31, 2025 and 2024, respectively, which is presented as a component of other assets in the 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 $216 million and $324 million as of December 31, 2025 and 2024, respectively, of which $872 million and $901 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 $14.9 billion and $15.1 billion as of December 31, 2025 and 2024, respectively, pledged to the FHLB, and loans of $60.1 billion and $55.3 billion at December 31, 2025 and 2024, respectively, pledged to the FRB.

The following table presents a summary of net charge-offs (recoveries):
For the years ended December 31 ($ in millions)202520242023
Commercial and industrial loans$439 242 155 
Commercial mortgage loans21 — (2)
Commercial construction loans— — 1 
Commercial leases2 2 (1)
Residential mortgage loans(2)(2)— 
Home equity1 (1)1 
Indirect secured consumer loans82 90 72 
Credit card63 68 64 
Solar energy installation loans70 56 26 
Other consumer loans62 77 72 
Total net charge-offs$738 532 388 
The following table presents the components of the net investment in portfolio leases as of December 31:
($ in millions)(a)
20252024
Net investment in direct financing leases:
Lease payment receivable (present value)$489 631 
Unguaranteed residual assets (present value)113 121 
Net investment in sales-type leases:
Lease payment receivable (present value)2,313 2,102 
Unguaranteed residual assets (present value)111 86 
(a)Excludes $243 and $248 of leveraged leases at December 31, 2025 and 2024, respectively.

Interest income recognized in the Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023 was $38 million, $40 million and $26 million, respectively, for direct financing leases and $107 million, $82 million and $63 million, respectively, for sales-type leases.

The following table presents undiscounted cash flows for both direct financing and sales-type portfolio leases for 2026 through 2030 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:
As of December 31, 2025 ($ in millions)Direct Financing
Leases		Sales-Type Leases
2026$154 646 
2027152 599 
202894 495 
202964 342 
203044 235 
Thereafter33 229 
Total undiscounted cash flows$541 2,546 
Less: Difference between undiscounted cash flows and discounted cash flows52 233 
Present value of lease payments (recognized as lease receivables)$489 2,313 

The lease residual value represents the present value of the estimated fair value of the leased equipment at the end of the lease. The Bancorp performs quarterly reviews of residual values associated with its leasing portfolio considering factors such as the subject equipment, structure of the transaction, industry, prior experience with the lessee and other factors that impact the residual value to assess for impairment. The Bancorp maintained an allowance of $18 million and $16 million at December 31, 2025 and 2024, respectively, to cover the losses that are expected to be incurred over the remaining contractual terms of the related leases, including the potential losses related to the lease residual value. Refer to Note 6 for additional information on credit quality and the ALLL.
v3.25.4
Credit Quality and the Allowance for Loan and Lease Losses
 12 Months Ended
Dec. 31, 2025
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.

Allowance for Loan and Lease Losses
The following tables summarize transactions in the ALLL by portfolio segment for the years ended December 31:
2025 ($ in millions)CommercialResidential MortgageConsumer
Total
Balance, beginning of period$1,154 146 1,052 2,352 
Losses charged-off(a)
(507)(1)(417)(925)
Recoveries of losses previously charged-off(a)
45 3 139 187 
Provision for (benefit from) loan and lease losses494 (39)184 639 
Balance, end of period$1,186 109 958 2,253 
(a)The Bancorp recorded $18 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.

2024 ($ in millions)CommercialResidential MortgageConsumer
Total
Balance, beginning of period$1,130 145 1,047 2,322 
Losses charged-off(a)
(267)(2)(417)(686)
Recoveries of losses previously charged-off(a)
23 4 127 154 
Provision for (benefit from) loan and lease losses268 (1)295 562 
Balance, end of period$1,154 146 1,052 2,352 
(a)The Bancorp recorded $28 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.

2023 ($ in millions)CommercialResidential MortgageConsumer
Total
Balance, beginning of period$1,127 245 822 2,194 
Impact of adoption of ASU 2022-024 (36)(17)(49)
Losses charged-off(a)
(170)(4)(348)(522)
Recoveries of losses previously charged-off(a)
17 4 113 134 
Provision for (benefit from) loan and lease losses152 (64)477 565 
Balance, end of period$1,130 145 1,047 2,322 
(a)The Bancorp recorded $35 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 December 31, 2025 ($ in millions)CommercialResidential 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 $243 of commercial leveraged leases, net of unearned income, at December 31, 2025.
As of December 31, 2024 ($ in millions)CommercialResidential MortgageConsumerTotal
ALLL:(a)
Individually evaluated$106 — 11 117 
Collectively evaluated1,048 146 1,041 2,235 
Total ALLL$1,154 146 1,052 2,352 
Portfolio loans and leases:(b)
Individually evaluated$395 131 96 622 
Collectively evaluated72,898 17,304 28,859 119,061 
Total portfolio loans and leases$73,293 17,435 28,955 119,683 
(a)Includes $1 related to commercial leveraged leases at December 31, 2024.
(b)Excludes $108 of residential mortgage loans measured at fair value and includes $248 of commercial leveraged leases, net of unearned income, at December 31, 2024.

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.

Pass ratings, which are assigned to those borrowers that do not have identified potential or well-defined weaknesses and for which there is a high likelihood of orderly repayment, are updated at least annually based on the size and credit characteristics of the borrower. All other categories are updated on a quarterly basis during the month preceding the end of the calendar quarter.

The Bancorp assigns a special mention rating to loans and leases that have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects for the loan or lease or the Bancorp’s credit position.

The Bancorp assigns a substandard rating to loans and leases that are inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged. Substandard loans and leases have well-defined weaknesses or weaknesses that could jeopardize the orderly repayment of the debt. Loans and leases with this rating also are characterized by the distinct possibility that the Bancorp will sustain some loss if the deficiencies noted are not addressed and corrected.

The Bancorp assigns a doubtful rating to loans and leases that have all the attributes of a substandard rating with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors that may work to the advantage of and strengthen the credit quality of the loan or lease, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors may include a proposed merger or acquisition, liquidation proceeding, capital injection, perfecting liens on additional collateral or refinancing plans.

Loans and leases classified as loss are considered uncollectible and are charged off in the period in which they are determined to be uncollectible. Because loans and leases in this category are fully charged-off, they are not included in the following tables.

For loans and leases that are collectively evaluated for an ACL, the Bancorp utilizes models to forecast expected credit losses over a reasonable and supportable forecast period based on the probability of a loan or lease defaulting, the expected balance at the estimated date of default and the expected loss percentage given a default. For the commercial portfolio segment, the estimates for probability of default are primarily based on internal ratings assigned to each commercial borrower on a 13-point scale and historical observations of how those ratings migrate to a default over time in the context of macroeconomic conditions. For loans with available credit, the estimate of the expected balance at the time of default considers expected utilization rates, which are primarily based on macroeconomic conditions and the utilization history of similar borrowers under those economic conditions. The estimates for loss severity are primarily based on collateral type and coverage levels and the susceptibility of those characteristics to changes in macroeconomic conditions. For more information about the Bancorp’s processes for developing these models, estimating credit losses for periods beyond the reasonable and supportable forecast period and for estimating credit losses for individually evaluated loans, refer to Note 1.

The Bancorp defines term loans and leases as those having a fixed duration, repayment schedule and defined interest rate. For purposes of disclosing 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 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$6,815 4,328 2,380 3,571 1,786 1,930 52,752 73,562 
As of December 31, 2024 ($ in millions) Term Loans and Leases by Origination YearRevolving and Other Loans
20242023202220212020PriorTotal
Commercial and industrial loans:
Pass$2,966 1,346 2,445 1,321 371 437 40,185 49,071 
Special mention15 13 22 1 3 9 1,055 1,118 
Substandard67 95 182 74 32 15 1,545 2,010 
Doubtful— — 2 — — — 70 72 
Total commercial and industrial loans$3,048 1,454 2,651 1,396 406 461 42,855 52,271 
Commercial mortgage owner-occupied loans:
Pass$786 790 844 630 315 307 1,829 5,501 
Special mention8 9 23 7 — 3 31 81 
Substandard64 34 24 28 9 43 239 441 
Doubtful— — — — — — — — 
Total commercial mortgage owner-occupied loans
$858 833 891 665 324 353 2,099 6,023 
Commercial mortgage nonowner-occupied loans:
Pass$710 751 769 170 263 408 2,698 5,769 
Special mention54 — 50 5 — — 150 259 
Substandard38 27 9 — — 2 119 195 
Doubtful— — — — — — — — 
Total commercial mortgage nonowner-occupied loans
$802 778 828 175 263 410 2,967 6,223 
Commercial construction loans:
Pass$4 21 — 29 — — 4,565 4,619 
Special mention— — — — — — 756 756 
Substandard— — — — — — 213 213 
Doubtful— — — — — — — — 
Total commercial construction loans$4 21 — 29 — — 5,534 5,588 
Commercial leases:
Pass$1,532 335 281 311 137 517 — 3,113 
Special mention4 4 2 3 2 4 — 19 
Substandard— 11 12 4 3 26 — 56 
Doubtful— — — — — — — — 
Total commercial leases$1,536 350 295 318 142 547 — 3,188 
Total commercial loans and leases:
Pass$5,998 3,243 4,339 2,461 1,086 1,669 49,277 68,073 
Special mention81 26 97 16 5 16 1,992 2,233 
Substandard169 167 227 106 44 86 2,116 2,915 
Doubtful— — 2 — — — 70 72 
Total commercial loans and leases$6,248 3,436 4,665 2,583 1,135 1,771 53,455 73,293 

The following tables summarize the Bancorp’s gross charge-offs within the commercial portfolio segment, by class and vintage during the years ended December 31:
2025 ($ in millions)Term Loans and Leases by Origination YearRevolving and Other Loans
20252024202320222021PriorTotal
Commercial loans and leases:
Commercial and industrial loans$2 9 25 6 4 2 431 479 
Commercial mortgage owner-occupied loans— — — — 3 11 2 16 
Commercial mortgage nonowner-occupied loans— — — — — — 6 6 
Commercial construction loans— — — — — — — — 
Commercial leases— — 1 1 — 4 — 6 
Total commercial loans and leases$2 9 26 7 7 17 439 507 
2024 ($ in millions)Term Loans and Leases by Origination YearRevolving and Other Loans
20242023202220212020PriorTotal
Commercial loans and leases:
Commercial and industrial loans$1 6 17 1 1 — 238 264 
Commercial mortgage owner-occupied loans— 1 — — — — — 1 
Commercial mortgage nonowner-occupied loans— — — — — — — — 
Commercial construction loans— — — — — — — — 
Commercial leases— — — — — 2 — 2 
Total commercial loans and leases$1 7 17 1 1 2 238 267 

2023 ($ in millions)Term Loans and Leases by Origination YearRevolving and Other Loans
20232022202120202019PriorTotal
Commercial loans and leases:
Commercial and industrial loans$25 7 12 1 — 11 112 168 
Commercial mortgage owner-occupied loans— — — — — — 1 1 
Commercial mortgage nonowner-occupied loans— — — — — — — — 
Commercial construction loans— — — — — — 1 1 
Commercial leases— — — — — — — — 
Total commercial loans and leases$25 7 12 1 — 11 114 170 

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 Leases90 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.

Current Loans and Leases(a)
Past DueTotal Loans and Leases90 Days Past Due and Still Accruing
As of December 31, 2024 ($ in millions)
30-89 Days(a)
90 Days or More(a)
Total Past Due
Commercial loans and leases:
Commercial and industrial loans$52,098 90 83 173 52,271 5 
Commercial mortgage owner-occupied loans5,980 40 3 43 6,023 — 
Commercial mortgage nonowner-occupied loans6,215 6 2 8 6,223 — 
Commercial construction loans5,587 1 — 1 5,588 — 
Commercial leases3,167 18 3 21 3,188 1 
Total portfolio commercial loans and leases$73,047 155 91 246 73,293 6 
(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.

For collectively evaluated loans in the consumer and residential mortgage portfolio segments, the Bancorp’s expected credit loss models primarily utilize the borrower’s FICO score and delinquency history in combination with macroeconomic conditions when estimating the
probability of default. The estimates for loss severity are primarily based on collateral type and coverage levels and the susceptibility of those characteristics to changes in macroeconomic conditions. The expected balance at the estimated date of default is also especially impactful in the expected credit loss models for portfolio classes which generally have longer terms (such as residential mortgage loans and home equity) and portfolio classes containing a high concentration of loans with revolving privileges (such as home equity). The estimate of the expected balance at the time of default considers expected prepayment and utilization rates where applicable, which are primarily based on macroeconomic conditions and the utilization history of similar borrowers under those economic conditions. Refer to Note 1 for additional information about the Bancorp’s processes for developing these models and estimating credit losses for periods beyond the reasonable and supportable forecast period.

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 December 31, 2025 ($ in millions) Term Loans by Origination YearRevolving
Loans		Revolving 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 $1 of losses during the year ended December 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 $4 of nonperforming loans.
As of December 31, 2024 ($ in millions) Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20242023202220212020PriorTotal
Residential mortgage loans:
Performing:
Current(a)
$1,961 998 2,961 4,606 2,491 4,245 — — 17,262 
30-89 days past due1 3 4 9 4 12 — — 33 
90 days or more past due1 — 1 1 — 2 — — 5 
Nonperforming— 2 9 13 8 103 — — 135 
Total residential mortgage loans(b)
$1,963 1,003 2,975 4,629 2,503 4,362 — — 17,435 
Home equity:
Performing:
Current$168 67 34 2 4 86 3,660 72 4,093 
30-89 days past due— — — — — 1 23 1 25 
90 days or more past due— — — — — — — — — 
Nonperforming— — 1 — — 7 56 6 70 
Total home equity$168 67 35 2 4 94 3,739 79 4,188 
Indirect secured consumer loans:
Performing:
Current$6,773 2,836 3,046 2,371 753 349 — — 16,128 
30-89 days past due19 27 39 27 11 7 — — 130 
90 days or more past due— — — — — — — — — 
Nonperforming4 10 19 13 5 4 — — 55 
Total indirect secured consumer loans$6,796 2,873 3,104 2,411 769 360 — — 16,313 
Credit card:
Performing:
Current$— — — — — — 1,664 — 1,664 
30-89 days past due— — — — — — 18 — 18 
90 days or more past due— — — — — — 20 — 20 
Nonperforming— — — — — — 32 — 32 
Total credit card$— — — — — — 1,734 — 1,734 
Solar energy installation loans:
Performing:
Current$894 2,095 1,094 2 — 33 — — 4,118 
30-89 days past due2 11 7 — — — — — 20 
90 days or more past due— — — — — — — — — 
Nonperforming1 34 28 — — 1 — — 64 
Total solar energy installation loans$897 2,140 1,129 2 — 34 — — 4,202 
Other consumer loans:
Performing:
Current$201 351 507 219 171 142 860 34 2,485 
30-89 days past due1 5 10 3 1 2 1 1 24 
90 days or more past due— — — — — — — — — 
Nonperforming— 2 4 1 — 1 — 1 9 
Total other consumer loans$202 358 521 223 172 145 861 36 2,518 
Total residential mortgage and consumer loans:
Performing:
Current$9,997 6,347 7,642 7,200 3,419 4,855 6,184 106 45,750 
30-89 days past due23 46 60 39 16 22 42 2 250 
90 days or more past due1 — 1 1 — 2 20 — 25 
Nonperforming5 48 61 27 13 116 88 7 365 
Total residential mortgage and consumer loans(b)
$10,026 6,441 7,764 7,267 3,448 4,995 6,334 115 46,390 
(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, 2024, $90 of these loans were 30-89 days past due and $162 were 90 days or more past due. The Bancorp recognized $1 of losses during the year ended December 31, 2024 due to claim denials and curtailments associated with these insured or guaranteed loans.
(b)Excludes $108 of residential mortgage loans measured at fair value at December 31, 2024, including $1 of 30-89 days past due loans, $1 of 90 days or more past due loans and $2 of nonperforming loans.
The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage during the years ended December 31:
2025 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20252024202320222021PriorTotal
Residential mortgage loans$— — — — — 1 — — 1 
Consumer loans:
Home equity— — — — — — 7 — 7 
Indirect secured consumer loans10 28 38 43 16 9 — — 144 
Credit card— — — — — — 83 — 83 
Solar energy installation loans1 12 48 24 — 1 — — 86 
Other consumer loans1 4 15 22 7 10 36 2 97 
Total residential mortgage and consumer loans$12 44 101 89 23 21 126 2 418 

2024 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20242023202220212020PriorTotal
Residential mortgage loans$— — — — — 2 — — 2 
Consumer loans:
Home equity— — — — — 1 5 — 6 
Indirect secured consumer loans7 35 53 25 9 10 — — 139 
Credit card— — — — — — 87 — 87 
Solar energy installation loans2 16 13 — 14 18 — — 63 
Other consumer loans1 12 24 12 20 16 34 3 122 
Total residential mortgage and consumer loans$10 63 90 37 43 47 126 3 419 

2023 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20232022202120202019PriorTotal
Residential mortgage loans$— — — — — 4 — — 4 
Consumer loans:
Home equity— — — — — 1 7 — 8 
Indirect secured consumer loans9 42 27 14 10 8 — — 110 
Credit card— — — — — — 82 — 82 
Solar energy installation loans8 16 1 — — 2 — — 27 
Other consumer loans7 37 14 12 7 8 34 2 121 
Total residential mortgage and consumer loans$24 95 42 26 17 23 123 2 352 

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)December 31,
2025		December 31,
2024
Commercial loans and leases:
Commercial and industrial loans$322 325 
Commercial mortgage owner-occupied loans19 63 
Commercial mortgage nonowner-occupied loans5 4 
Commercial construction loans— 1 
Commercial leases— 2 
Total commercial loans and leases$346 395 
Residential mortgage loans143 131 
Consumer loans:
Home equity70 66 
Indirect secured consumer loans35 30 
Total consumer loans$105 96 
Total portfolio loans and leases$594 622 

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:
December 31, 2025December 31, 2024
 ($ in millions)With an ALLLNo Related
ALLL		TotalWith an ALLLNo Related
ALLL		Total
Commercial loans and leases:
Commercial and industrial loans$350 43 393 265 109 374 
Commercial mortgage owner-occupied loans16 13 29 52 23 75 
Commercial mortgage nonowner-occupied loans5 — 5 — 4 4 
Commercial construction loans— — — — 1 1 
Commercial leases— — — 2 — 2 
Total nonaccrual portfolio commercial loans and leases$371 56 427 319 137 456 
Residential mortgage loans69 80 149 57 80 137 
Consumer loans:
Home equity23 48 71 21 49 70 
Indirect secured consumer loans52 9 61 48 7 55 
Credit card29 — 29 32 — 32 
Solar energy installation loans22 — 22 64 — 64 
Other consumer loans8 — 8 9 — 9 
Total nonaccrual portfolio consumer loans$134 57 191 174 56 230 
Total nonaccrual portfolio loans and leases(a)(b)
$574 193 767 550 273 823 
OREO and other repossessed property— 30 30 — 30 30 
Total nonperforming portfolio assets(a)(b)
$574 223 797 550 303 853 
(a)Excludes $70 and $7 of nonaccrual loans held for sale as of December 31, 2025 and 2024, respectively.
(b)Includes $21 and $18 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of December 31, 2025 and 2024, respectively.

The Bancorp recognized an immaterial amount of interest income on nonaccrual loans and leases for both the years ended December 31, 2025 and 2024.

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 $110 million and $94 million as of December 31, 2025 and 2024, 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 $717 million and $552 million were modified during the years ended December 31, 2025 and 2024, respectively, for borrowers experiencing financial difficulty, as further discussed in the following sections. These modifications for the years ended December 31, 2025 and 2024 represented 0.58% and 0.46%, respectively, of total portfolio loans and leases as of December 31, 2025 and 2024, respectively. These amounts excluded $51 million and $52 million for the years ended December 31, 2025 and 2024, 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 December 31, 2025 and 2024, the Bancorp had commitments of $69 million and $88 million, respectively, to lend additional funds to borrowers experiencing financial difficulty whose terms have been modified during the years ended December 31, 2025 and 2024, 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 December 31, 2025 and 2024 of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification, during the years ended:
December 31, 2025 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$267 2 61 1 331 0.63 
Commercial mortgage owner-occupied loans84 — 1 — 85 1.38 
Commercial mortgage nonowner-occupied loans82 — — 3 85 1.40 
Commercial construction loans45 44 — — 89 1.67 
Total commercial portfolio loans$478 46 62 4 590 0.84 

December 31, 2024 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$155 19 57 1 232 0.44 
Commercial mortgage owner-occupied loans46 14 1 — 61 1.01 
Commercial mortgage nonowner-occupied loans72 — — — 72 1.16 
Commercial construction loans58 — — 1 59 1.06 
Total commercial portfolio loans$331 33 58 2 424 0.60 

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. The Bancorp may offer a term extension for up to 480 months from the modification date, combined with a change in interest rate to a fixed rate (which may be an increase or decrease from the rate in the original loan). As part of these modifications, the Bancorp may capitalize delinquent amounts due at the time of the modification into the principal balance of the loan when determining its modified payment structure. For loans where the modification results in a new monthly payment amount, borrowers may be required to complete a trial period before the loan is permanently modified. The Bancorp also offers payment delay modifications to qualified borrowers which allow either the delay of repayment for delinquent amounts due until maturity or capitalization of delinquent amounts due into the principal balance of the loan. The number of monthly payments delayed varies by borrower but is most commonly within a range of six to twelve months.
The following table presents the amortized cost basis as of December 31, 2025 and 2024 of the Bancorp’s residential mortgage portfolio loans that were modified for borrowers experiencing financial difficulty, by type of modification, during the years ended:
December 31, 2025December 31, 2024
($ in millions)Total% of Total ClassTotal% of Total Class
Payment delay$2 0.01 $5 0.03 
Term extension and payment delay69 0.39 72 0.41 
Term extension, interest rate reduction and payment delay18 0.10 12 0.07 
Total residential mortgage portfolio loans$89 0.50 $89 0.51 

The Bancorp had $22 million and $5 million of trial modifications to residential mortgage loans outstanding as of December 31, 2025 and 2024, 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. The most common modification program for home equity is a term extension for up to 360 months combined with a delay in repayment of delinquent amounts due until maturity, which is typically combined with an interest rate reduction. Modification programs for credit card typically involve an interest rate reduction and an increase to the minimum monthly payment in order to repay a larger portion of outstanding balances. Modifications for indirect secured consumer loans, solar energy installation loans and other consumer loans are less commonly utilized as part of the Bancorp’s loss mitigation activities and programs vary by specific product type.

The following tables present the amortized cost basis as of December 31, 2025 and 2024 of the Bancorp’s consumer portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification, during the years ended:
December 31, 2025 ($ in millions)
Interest Rate ReductionPayment DelayTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal% of Total Class
Home equity$2 — 1 12 15 0.31 
Credit card17 — — — 17 0.97 
Solar energy installation loans— 2 — — 2 0.04 
Other consumer loans— 4 — — 4 0.17 
Total consumer portfolio loans$19 6 1 12 38 0.12 

December 31, 2024 ($ in millions)
Interest Rate ReductionPayment DelayTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal% of Total Class
Home equity$4 — 2 9 15 0.36 
Credit card20 — — — 20 1.15 
Solar energy installation loans— 1 — — 1 0.02 
Other consumer loans— 3 — — 3 0.12 
Total consumer portfolio loans$24 4 2 9 39 0.13 
Financial effects of loan modifications
The following table presents the financial effects of the Bancorp’s significant types of portfolio loan modifications to borrowers experiencing financial difficulty, by portfolio class for the years ended December 31:
Financial Effects20252024
Commercial loans:
Commercial and industrial loansWeighted-average length of term extensions9 months9 months
Weighted-average length of payment delay19 months15 months
Commercial mortgage owner-
occupied loans
Weighted-average length of term extensions7 months10 months
Weighted-average length of payment delay6 months15 months
Commercial mortgage nonowner-
occupied loans
Weighted-average length of term extensions37 months20 months
Commercial construction loansWeighted-average length of term extensions23 months12 months
Weighted-average length of payment delay6 monthsN/A
Residential mortgage loansWeighted-average length of term extensions9.8 years10.4 years
Weighted-average interest rate reduction
From 7.3% to 6.9%
From 7.5% to 6.8%
Approximate amount of payment delays as a percentage of the related loan balances11%13%
Consumer loans:
Home equityWeighted-average length of term extensions21.3 years22.8 years
Weighted-average interest rate reduction
From 8.5% to 6.9%
From 9.2% to 7.2%
Approximate amount of payment delays as a percentage of the related loan balances6%5%
Credit cardWeighted-average interest rate reduction
From 23.0% to 4.0%
From 23.9% to 4.1%

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 December 31, 2025 and 2024 for the Bancorp’s portfolio loans that were modified during the years ended December 31, 2025 and 2024, respectively, for borrowers experiencing financial difficulty, by age and portfolio class:
December 31, 2025 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial loans:
Commercial and industrial loans$263 1 67 331 
Commercial mortgage owner-occupied loans85 — — 85 
Commercial mortgage nonowner-occupied loans85 — — 85 
Commercial construction loans89 — — 89 
Residential mortgage loans53 20 16 89 
Consumer loans:
Home equity13 2 — 15 
Credit card(a)
13 2 2 17 
Solar energy installation loans2 — — 2 
Other consumer loans4 — — 4 
Total portfolio loans$607 25 85 717 
(a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.
December 31, 2024 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial loans:
Commercial and industrial loans$182 22 28 232 
Commercial mortgage owner-occupied loans61 — — 61 
Commercial mortgage nonowner-occupied loans72 — — 72 
Commercial construction loans59 — — 59 
Residential mortgage loans56 15 18 89 
Consumer loans:
Home equity13 1 1 15 
Credit card(a)
15 3 2 20 
Solar energy installation loans1 — — 1 
Other consumer loans3 — — 3 
Total portfolio loans$462 41 49 552 
(a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.

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 as of December 31, 2025 and 2024 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the years ended December 31, 2025 and 2024, respectively, and were within twelve months of the modification date:
December 31, 2025
($ in millions)
Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal
Commercial loans:
Commercial and industrial loans$4 1 27 — 1 — 33 
Residential mortgage loans— — — — 30 11 41 
Consumer loans:
Home equity— 1 — — — 1 2 
Credit card— 7 — — — — 7 
Total portfolio loans$4 9 27 — 31 12 83 
December 31, 2024
($ in millions)
Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal
Commercial loans:
Commercial and industrial loans$14 — 13 1 8 — 36 
Residential mortgage loans— — 3 — 29 6 38 
Consumer loans:
Home equity— 1 — — 1 1 3 
Credit card— 9 — — — — 9 
Total portfolio loans$14 10 16 1 38 7 86 
v3.25.4
Bank Premises and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Bank Premises and Equipment Bank Premises and Equipment
The following table provides a summary of bank premises and equipment as of December 31:
($ in millions)Estimated Useful Life20252024
Equipment1-20 years$3,048 2,769 
Buildings1-30 years1,834 1,784 
Leasehold improvements1-30 years921 760 
Land and improvements626 623 
Construction in progress237 199 
Bank premises and equipment held for sale:(a)
Land and improvements8 10 
Buildings1 4 
Accumulated depreciation and amortization(3,941)(3,674)
Total bank premises and equipment$2,734 2,475 
(a)Included within the assets of General Corporate & Other in the Bancorp’s segment reporting.

Depreciation and amortization expense related to bank premises and equipment, including amortization of finance lease ROU assets, was $340 million, $306 million and $292 million for the years ended December 31, 2025, 2024 and 2023, respectively.
v3.25.4
Operating Lease Equipment
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Operating Lease Equipment Operating Lease Equipment
Operating lease equipment was $374 million and $319 million at December 31, 2025 and 2024, respectively, net of accumulated depreciation of $244 million and $333 million at December 31, 2025 and 2024, respectively. The Bancorp recorded lease income of $80 million, $100 million and $135 million relating to lease payments for operating leases in commercial banking revenue in the Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023, respectively. Depreciation expense related to operating lease equipment is recorded in other noninterest expense in the Consolidated Statements of Income and was $65 million, $81 million and $110 million for the years ended December 31, 2025, 2024 and 2023, respectively. The Bancorp received payments of $80 million, $101 million and $140 million related to operating leases during the years ended December 31, 2025, 2024 and 2023, respectively.

The following table presents future lease payments receivable from operating leases for 2026 through 2030 and thereafter:
As of December 31, 2025 ($ in millions)Undiscounted
Cash Flows
2026$71 
202755 
202839 
202931 
203021 
Thereafter22 
Total operating lease payments$239 
v3.25.4
Lease Obligations - Lessee
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Lease Obligations - Lessee Lease Obligations - Lessee
The Bancorp leases certain banking centers, ATM sites, land for owned buildings and equipment. The Bancorp’s lease agreements typically do not contain any residual value guarantees or any material restrictive covenants.

The following table provides a summary of lease assets and lease liabilities as of December 31:
($ in millions)Consolidated Balance Sheets Caption20252024
Assets
Operating lease ROU assetsOther assets$629 526 
Finance lease ROU assetsBank premises and equipment156 146 
Total ROU assets(a)
$785 672 
Liabilities
Operating lease liabilitiesAccrued taxes, interest and expenses$711 606 
Finance lease liabilitiesLong-term debt174 161 
Total lease liabilities$885 767 
(a)Operating and finance lease ROU assets are recorded net of accumulated amortization of $378 and $75, respectively, as of December 31, 2025, and $328 and $54, respectively, as of December 31, 2024.

The following table presents the components of lease costs for the years ended December 31:
($ in millions)Consolidated Statements of Income Caption202520242023
Lease costs:
Amortization of ROU assets
Net occupancy and equipment expense$22 21 19 
Interest on lease liabilitiesInterest on long-term debt6 6 5 
Total finance lease costs$28 27 24 
Operating lease costNet occupancy expense$99 89 87 
Short-term lease costNet occupancy expense1 1 2 
Variable lease costNet occupancy expense26 30 29 
Sublease incomeNet occupancy expense(3)(3)(2)
Total operating lease costs$123 117 116 
Total lease costs$151 144 140 

The following table presents undiscounted cash flows for both operating leases and finance leases for 2026 through 2030 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities:
As of December 31, 2025 ($ in millions)Operating
Leases		Finance
Leases		Total
2026$101 28 129 
202795 28 123 
202887 28 115 
202978 17 95 
203069 11 80 
Thereafter546 101 647 
Total undiscounted cash flows$976 213 1,189 
Less: Difference between undiscounted cash flows and discounted cash flows265 39 304 
Present value of lease liabilities$711 174 885 

The following table presents the weighted-average remaining lease term and weighted-average discount rate as of December 31:
20252024
Weighted-average remaining lease term (years):
Operating leases12.8411.57
Finance leases11.2512.66
Weighted-average discount rate:
Operating leases4.45 %4.08 
Finance leases3.78 3.80 
The following table presents information related to lease transactions for the years ended December 31:
($ in millions)202520242023
Cash paid for amounts included in the measurement of lease liabilities:(a)
Operating cash flows from operating leases$97 95 91 
Operating cash flows from finance leases6 6 5 
Financing cash flows from finance leases19 18 16 
Gains on sale-leaseback transactions— — 2 
(a)The cash flows related to short-term and variable lease payments are not included in the amounts presented as they were not included in the measurement of lease liabilities.
Lease Obligations - Lessee Lease Obligations - Lessee
The Bancorp leases certain banking centers, ATM sites, land for owned buildings and equipment. The Bancorp’s lease agreements typically do not contain any residual value guarantees or any material restrictive covenants.

The following table provides a summary of lease assets and lease liabilities as of December 31:
($ in millions)Consolidated Balance Sheets Caption20252024
Assets
Operating lease ROU assetsOther assets$629 526 
Finance lease ROU assetsBank premises and equipment156 146 
Total ROU assets(a)
$785 672 
Liabilities
Operating lease liabilitiesAccrued taxes, interest and expenses$711 606 
Finance lease liabilitiesLong-term debt174 161 
Total lease liabilities$885 767 
(a)Operating and finance lease ROU assets are recorded net of accumulated amortization of $378 and $75, respectively, as of December 31, 2025, and $328 and $54, respectively, as of December 31, 2024.

The following table presents the components of lease costs for the years ended December 31:
($ in millions)Consolidated Statements of Income Caption202520242023
Lease costs:
Amortization of ROU assets
Net occupancy and equipment expense$22 21 19 
Interest on lease liabilitiesInterest on long-term debt6 6 5 
Total finance lease costs$28 27 24 
Operating lease costNet occupancy expense$99 89 87 
Short-term lease costNet occupancy expense1 1 2 
Variable lease costNet occupancy expense26 30 29 
Sublease incomeNet occupancy expense(3)(3)(2)
Total operating lease costs$123 117 116 
Total lease costs$151 144 140 

The following table presents undiscounted cash flows for both operating leases and finance leases for 2026 through 2030 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities:
As of December 31, 2025 ($ in millions)Operating
Leases		Finance
Leases		Total
2026$101 28 129 
202795 28 123 
202887 28 115 
202978 17 95 
203069 11 80 
Thereafter546 101 647 
Total undiscounted cash flows$976 213 1,189 
Less: Difference between undiscounted cash flows and discounted cash flows265 39 304 
Present value of lease liabilities$711 174 885 

The following table presents the weighted-average remaining lease term and weighted-average discount rate as of December 31:
20252024
Weighted-average remaining lease term (years):
Operating leases12.8411.57
Finance leases11.2512.66
Weighted-average discount rate:
Operating leases4.45 %4.08 
Finance leases3.78 3.80 
The following table presents information related to lease transactions for the years ended December 31:
($ in millions)202520242023
Cash paid for amounts included in the measurement of lease liabilities:(a)
Operating cash flows from operating leases$97 95 91 
Operating cash flows from finance leases6 6 5 
Financing cash flows from finance leases19 18 16 
Gains on sale-leaseback transactions— — 2 
(a)The cash flows related to short-term and variable lease payments are not included in the amounts presented as they were not included in the measurement of lease liabilities.
v3.25.4
Goodwill
 12 Months Ended
Dec. 31, 2025
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. During the first quarter of 2025, the Bancorp realigned its reporting structure and moved certain business banking customer relationships and relationship management personnel to the Consumer and Small Business Banking segment from the Commercial Banking segment, which are also reporting units. In conjunction with this realignment, the Bancorp reallocated a portion of its goodwill from Commercial Banking to Consumer and Small Business Banking using a relative fair value approach for the portions of the business which were transferred between reporting units.

The Bancorp completed its annual goodwill impairment test as of October 1, 2025 by performing a qualitative assessment of goodwill at the reporting unit level to determine whether any indicators of impairment existed. In performing this qualitative assessment, the Bancorp evaluated events and circumstances since the last impairment analysis, macroeconomic conditions, banking industry and market conditions and key financial metrics of the Bancorp as well as reporting unit and overall Bancorp financial performance. After assessing the totality of the events and circumstances, the Bancorp determined that it was not more likely than not that the fair values of the Commercial Banking, Consumer and Small Business Banking and Wealth and Asset Management reporting units were less than their respective carrying amounts and, therefore, the quantitative goodwill impairment test was deemed unnecessary.

Changes in the net carrying amount of goodwill, by reporting unit, for the years ended December 31, 2025 and 2024 were as follows:
($ in millions)Commercial
Banking		Consumer and Small Business BankingWealth and Asset
Management		General Corporate and OtherTotal
Goodwill$3,074 2,584 226 — 5,884 
Accumulated impairment losses(750)(215)— — (965)
Net carrying value as of December 31, 20232,324 2,369 226 — 4,919 
Sale of business— — (1)— (1)
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, 2025$2,280 2,442 225 — 4,947 
v3.25.4
Intangible Assets
 12 Months Ended
Dec. 31, 2025
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 Consolidated Statements of Income.

The details of the Bancorp’s intangible assets are shown in the following table:
($ in millions)Gross Carrying AmountAccumulated
Amortization		Net Carrying
Amount
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 December 31, 2024
Core deposit intangibles$206 (196)10 
Developed technology106 (50)56 
Customer relationships28 (9)19 
Other13 (8)5 
Total intangible assets$353 (263)90 

As of December 31, 2025, all of the Bancorp’s intangible assets were being amortized. Amortization expense recognized on intangible assets was $29 million, $35 million and $43 million for the years ended December 31, 2025, 2024 and 2023, respectively.

The Bancorp’s projections of amortization expense shown in the following table are based on existing asset balances as of December 31, 2025. Future amortization expense may vary from these projections. Estimated amortization expense for 2026 through 2030 is as follows:
($ in millions)Total
2026$24 
202716 
202811 
20298 
20302 
v3.25.4
Variable Interest Entities
 12 Months Ended
Dec. 31, 2025
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. The Bancorp evaluates its interest in certain entities to determine if these entities meet the definition of a VIE and whether the Bancorp is the primary beneficiary and should consolidate the entity based on the variable interests it held both at inception and when there is a change in circumstances that requires a reconsideration. If the Bancorp is determined to be the primary beneficiary of a VIE, it must account for the VIE as a consolidated subsidiary. If the Bancorp is determined not to be the primary beneficiary of a VIE but holds a variable interest in the entity, such variable interests are accounted for under the equity method of accounting or other accounting standards as appropriate.

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 Consolidated Balance Sheets for these consolidated VIEs as of:
($ in millions)December 31,
2025		December 31,
2024
Assets:
Other short-term investments$38 51 
Indirect secured consumer loans526 967 
Solar energy installation loans28 33 
ALLL(9)(19)
Other assets3 5 
Total assets$586 1,037 
Liabilities:
Other liabilities$11 12 
Long-term debt473 889 
Total liabilities$484 901 

The Bancorp previously completed a securitization transaction in which the Bancorp transferred certain consumer automobile loans to a bankruptcy remote trust which was deemed to be a VIE. Additionally, as a result of a previous business acquisition, the Bancorp acquired interests in a completed securitization transaction in which solar energy installation loans were transferred to a bankruptcy remote trust which was deemed to be a VIE.

In each of these securitization transactions, the primary purposes of the VIEs were to issue asset-backed securities with varying levels of credit subordination and payment priority, as well as residual interests, and to provide access to liquidity for originated loans. The Bancorp retained residual interests in the VIEs and, therefore, has an obligation to absorb losses and a right to receive benefits from the VIEs that could potentially be significant to the VIEs. In addition, the Bancorp retained servicing rights for the underlying loans and, therefore, holds the power to direct the activities of the VIEs that most significantly impact the economic performance of the VIEs. As a result, the Bancorp concluded that it is the primary beneficiary of the VIEs and has consolidated these VIEs. The assets of the VIEs are restricted to the settlement of the asset-backed securities and other obligations of the VIEs. The third-party holders of the asset-backed notes do not have recourse to the general assets of the Bancorp.

The economic performance of the VIEs is most significantly impacted by the performance of the underlying loans. The principal risks to which the VIEs are exposed include credit risk and prepayment risk. The credit and prepayment risks are managed through credit enhancements in the form of reserve accounts, over-collateralization, excess interest on the loans and the subordination of certain classes of asset-backed securities to other classes.
Non-consolidated VIEs
The following tables provide a summary of assets and liabilities carried on the 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:
December 31, 2025 ($ in millions)Total AssetsTotal LiabilitiesMaximum Exposure
CDC investments$2,293 714 2,345 
Private equity investments330 — 640 
Loans provided to VIEs4,340 — 7,738 
Lease pool entities20 — 20 
Solar loan securitizations7 — 7 
December 31, 2024 ($ in millions)Total AssetsTotal LiabilitiesMaximum Exposure
CDC investments$2,179 741 2,224 
Private equity investments268 — 487 
Loans provided to VIEs4,711 — 7,529 
Lease pool entities30 — 30 
Solar loan securitizations8 — 8 

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 economic performance of the VIEs is driven by the performance of their underlying investment projects as well as the VIEs’ ability to operate in compliance with the rules and regulations necessary for the qualification of tax credits generated by equity investments. The Bancorp has determined that it is not the primary beneficiary of these VIEs because it lacks the power to direct the activities that most significantly impact the economic performance of the underlying project or the VIEs’ ability to operate in compliance with the rules and regulations necessary for the qualification of tax credits generated by equity investments. This power is held by the managing members who exercise full and exclusive control of the operations of the VIEs. For information regarding the Bancorp’s accounting for these investments, refer to Note 1.

The Bancorp’s funding requirements are limited to its invested capital and any additional unfunded commitments for future equity contributions. The Bancorp’s maximum exposure to loss as a result of its involvement with the VIEs is limited to the carrying amounts of the investments, including the unfunded commitments. The carrying amounts of these investments, which are included in other assets in the Consolidated Balance Sheets, and the liabilities related to the unfunded commitments, which are included in other liabilities in the Consolidated Balance Sheets, are included in the previous tables for all periods presented. Certain CDC investments include undrawn liquidity and lending commitments which are included in the maximum exposure amount but not included in the Consolidated Balance Sheets. The Bancorp has no other liquidity arrangements or obligations to purchase assets of the VIEs that would expose the Bancorp to a loss. In certain arrangements, the general partner/managing member of the VIE has guaranteed a level of projected tax credits to be received by the limited partners/investor members, thereby minimizing a portion of the Bancorp’s risk.

The Bancorp utilizes the proportional amortization method to account for its qualifying investments in projects that are related to certain income tax credit programs. Effective with the adoption of ASU 2023-02 on January 1, 2024, 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. Prior to the adoption of ASU 2023-02 on January 1, 2024, the Bancorp utilized the proportional amortization method for its LIHTC investments but other tax credit program investments were accounted for under the equity method.

At December 31, 2025 and 2024, the Bancorp’s CDC investments included $2.1 billion and $2.0 billion, respectively, of tax credit program investments for which the Bancorp elected the proportional amortization method. The unfunded commitments related to these investments were $714 million and $741 million at December 31, 2025 and 2024, respectively. The unfunded commitments as of December 31, 2025 are expected to be funded from 2026 to 2042.
The following table summarizes the impacts to the Consolidated Statements of Income related to the Bancorp’s tax credit program investments for the years ended December 31:
($ in millions)
Consolidated Statements of Income Caption(a)
202520242023
Proportional amortizationApplicable income tax expense$220 200 200 
Tax credits and other benefits(b)(c)
Applicable income tax expense(265)(248)(230)
Changes in carrying amounts of equity method investments(c)
Other noninterest expense9 8 — 
(a)The Bancorp did not recognize impairment losses resulting from the forfeiture or ineligibility of tax credits or other circumstances during the years ended December 31, 2025, 2024 and 2023.
(b)The related cash flows are classified as operating activities in the 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, effective with the adoption of ASU 2023-02.

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. Each of the limited partnerships has an unrelated third-party general partner responsible for appointing the fund manager. The Bancorp has not been appointed fund manager for any of these private equity investments. The funds finance primarily all of their activities from the partners’ capital contributions and investment returns. The Bancorp has determined that it is not the primary beneficiary of the funds because it does not have the obligation to absorb the funds’ expected losses or the right to receive the funds’ expected residual returns that could potentially be significant to the funds and lacks the power to direct the activities that most significantly impact the economic performance of the funds. The Bancorp, as a limited partner, does not have substantive participating or substantive kick-out rights over the general partner. Therefore, the Bancorp accounts for its investments in these limited partnerships under the equity method of accounting.

The Bancorp is exposed to losses arising from the negative performance of the underlying investments in the private equity investment funds. As a limited partner, the Bancorp’s maximum exposure to loss is limited to the carrying amounts of the investments plus unfunded commitments. The carrying amounts of these investments, which are included in other assets in the Consolidated Balance Sheets, are presented in previous tables. Also, at December 31, 2025 and 2024, the Bancorp’s unfunded commitment amounts to the private equity funds were $310 million and $219 million, respectively. As part of previous commitments, the Bancorp made capital contributions to private equity investments of $63 million and $49 million during the years ended December 31, 2025 and 2024, 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 sponsor/administrator of the entities is responsible for servicing the underlying assets in the VIEs. Because the sponsor/administrator, not the Bancorp, holds the servicing responsibilities, which include the establishment and employment of default mitigation policies and procedures, the Bancorp does not hold the power to direct the activities that most significantly impact the economic performance of the entity and, therefore, is not the primary beneficiary.

The principal risk to which these entities are exposed is credit risk related to the underlying assets. The Bancorp’s maximum exposure to loss is equal to the carrying amounts of the loans and unfunded commitments to the VIEs. The Bancorp’s outstanding loans to these VIEs are included in commercial loans in Note 5. As of December 31, 2025 and 2024, the Bancorp’s unfunded commitments to these entities were $3.4 billion and $2.8 billion, respectively. 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.

Lease pool entities
The Bancorp is a co-investor with other unrelated leasing companies in three LLCs designed for the purpose of purchasing pools of residual interests in leases which have been originated or purchased by the other investing member. For each LLC, the leasing company is the managing member and has full authority over the day-to-day operations of the entity. While the Bancorp holds more than 50% of the equity interests in each LLC, the operating agreements require both members to consent to significant corporate actions, such as liquidating the entity or removing the manager. In addition, the Bancorp has a preference with regard to distributions such that all of the Bancorp’s equity contribution for each pool must be distributed, plus a pre-defined rate of return, before the other member may receive distributions. The leasing company is also entitled to the return of its investment plus a pre-defined rate of return before any residual profits are distributed to the members.

The lease pool entities are primarily subject to risk of losses on the lease residuals purchased. The Bancorp’s maximum exposure to loss is equal to the carrying amount of the investments. The Bancorp has determined that it is not the primary beneficiary of these VIEs because it does not have the power to direct the activities that most significantly impact the economic performance of the entities. This power is held by the leasing company who, as managing member, controls the servicing of the leases and collection of the proceeds on the residual interests.
Solar loan securitizations
As a result of a previous business acquisition, the Bancorp acquired interests in completed securitization transactions in which solar energy installation loans were transferred to bankruptcy remote trusts which were deemed to be VIEs. In each of these securitization transactions, the primary purposes of the VIEs were to issue asset-backed securities with varying levels of credit subordination and payment priority, as well as residual interests, and to provide access to liquidity for originated loans. The Bancorp retained certain risk retention interests in the classes of securities issued by the VIEs and retained servicing rights for the underlying loans. The Bancorp’s maximum exposure to loss is equal to the carrying amount of the investments. The Bancorp has determined that it is not the primary beneficiary of the VIEs because it does not have the obligation to absorb the VIEs expected losses or the right to receive the VIEs expected residual returns that could potentially be significant to the VIEs. The risk retention interests held by the Bancorp were included in available-for-sale debt and other securities in the Consolidated Balance Sheets.
v3.25.4
Sales of Receivables and Servicing Rights
 12 Months Ended
Dec. 31, 2025
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 years ended December 31, 2025, 2024 and 2023. 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 Consolidated Statements of Income, for the years ended December 31 is as follows:
($ in millions)202520242023
Residential mortgage loan sales(a)
$5,032 3,954 4,888 
Origination fees and gains on loan sales78 67 79 
Gross mortgage servicing fees292 309 319 
(a)Represents the unpaid principal balance at the time of the sale.

Servicing Rights
The Bancorp measures all of its mortgage servicing rights at fair value with changes in fair value reported in mortgage banking net revenue in the Consolidated Statements of Income.

The following table presents changes in the servicing rights related to residential mortgage loans for the years ended December 31:
($ in millions)20252024
Balance, beginning of period$1,704 1,737 
Servicing rights originated63 49 
Servicing rights sold— (5)
Changes in fair value:
Due to changes in inputs or assumptions(a)
(12)74 
Other changes in fair value(b)
(157)(151)
Balance, end of period$1,598 1,704 
(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 14 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 years ended December 31 were as follows:
20252024
Weighted-
Average Life
(in years)		Prepayment
Speed
(annual)
OAS
(bps)
Weighted-Average Life
(in years)		Prepayment
Speed
(annual)		OAS
(bps)
Fixed-rate6.512.4 %5566.612.7 %488

At December 31, 2025 and 2024, the Bancorp serviced $87.8 billion and $94.2 billion, respectively, of residential mortgage loans for other investors. The value of MSRs that continue to be held by the Bancorp is subject to credit, prepayment and interest rate risks on the sold financial assets. The weighted-average coupon of the MSR portfolio was 3.86% and 3.79% at December 31, 2025 and 2024, respectively.
At December 31, 2025, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows:
($ in millions)(a)
Fair ValueWeighted-
Average Life
(in years)		Prepayment Speed AssumptionOAS Assumption
Impact of Adverse Change
on Fair Value		OAS 
(bps)		Impact of Adverse 
Change on Fair Value
Rate 10%20%50%10%20%
Fixed-rate$1,595 7.97.2 %$(38)(73)(171)441$(33)(65)
Adjustable-rate3 4.519.5 — (1)(2)719— (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.
v3.25.4
Derivative Financial Instruments
 12 Months Ended
Dec. 31, 2025
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. 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.

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. Derivative instruments that the Bancorp may use as part of its interest rate risk management strategy include interest rate swaps, interest rate floors, interest rate caps, forward contracts, forward starting interest rate swaps, options, swaptions and TBA securities. Interest rate swap contracts are exchanges of interest payments, such as fixed-rate payments for floating-rate payments, based on a stated notional amount and maturity date. Interest rate floors protect against declining rates, while interest rate caps protect against rising interest rates. Forward contracts are contracts in which the buyer agrees to purchase, and the seller agrees to make delivery of, a specific financial instrument at a predetermined price or yield. Options provide the purchaser with the right, but not the obligation, to purchase or sell a contracted item during a specified period at an agreed upon price. Swaptions are financial instruments granting the owner the right, but not the obligation, to enter into or cancel a swap.

Prepayment volatility arises mostly from changes in fair value of the largely fixed-rate MSR portfolio, mortgage loans and mortgage-backed securities. The Bancorp may enter into various free-standing derivatives (principal-only swaps, interest rate swaptions, interest rate floors, mortgage options, TBA securities and interest rate swaps) to economically hedge prepayment volatility. Principal-only swaps are total return swaps based on changes in the value of the underlying mortgage principal-only trust. TBA securities are a forward purchase agreement for a mortgage-backed securities trade whereby the terms of the security are undefined at the time the trade is made.

Foreign currency volatility occurs as the Bancorp enters into certain loans denominated in foreign currencies. Derivative instruments that the Bancorp may use to economically hedge these foreign denominated loans include foreign exchange swaps and forward contracts.

The Bancorp also enters into derivative contracts (including foreign exchange contracts, commodity contracts and interest rate contracts) for the benefit of commercial customers and other business purposes. The Bancorp economically hedges significant exposures related to these free-standing derivatives by entering into offsetting third-party contracts with approved, reputable and independent counterparties with substantially matching terms and currencies. Credit risk arises from the possible inability of counterparties to meet the terms of their contracts. The Bancorp’s exposure is limited to the replacement value of the contracts rather than the notional, principal or contract amounts. Credit risk is minimized through credit approvals, limits, counterparty collateral and monitoring procedures.

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 December 31, 2025 and 2024, the balance of collateral held by the Bancorp for derivative assets was $576 million and $947 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 $270 million and $403 million as of December 31, 2025 and 2024, respectively, were applied to reduce the respective derivative contracts and were also not included in the total amount of collateral held. As of
December 31, 2025 and 2024, the credit component negatively impacting the fair value of derivative assets associated with customer accommodation contracts was $6 million and $4 million, respectively.

As of December 31, 2025 and 2024, 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 $868 million and $1.1 billion, respectively. Additionally, as of December 31, 2025 and 2024, $415 million and $1.2 billion, respectively, of variation margin payments 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 December 31, 2025 and 2024, 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 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 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.

For more information on the Bancorp’s accounting for derivative financial instruments, refer to Note 1.

The following tables reflect the notional amounts and fair values for all derivative instruments included in the Consolidated Balance Sheets as of:
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 purposes7 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 accommodation1,853 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 $29, respectively.
Fair Value
December 31, 2024 ($ 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$4,955 1 12 
Total fair value hedges1 12 
Cash flow hedges:
Interest rate swaps related to C&I loans11,000 2 4 
Interest rate swaps related to C&I loans - forward starting(a)
1,000 1 — 
Interest rate swaps related to commercial mortgage and commercial construction loans - forward starting(a)
4,000 3 — 
Total cash flow hedges6 4 
Total derivatives designated as qualifying hedging instruments7 16 
Derivatives Not Designated as Qualifying Hedging Instruments:
Free-standing derivatives - risk management and other business purposes:
Interest rate contracts related to MSR portfolio3,135 4 4 
Forward contracts related to residential mortgage loans measured at fair value(b)
881 8 — 
Swap associated with the sale of Visa, Inc. Class B Shares2,465 — 170 
Foreign exchange contracts104 2 — 
Interest rate contracts for collateral management1,000 1 — 
Other670 — — 
Total free-standing derivatives - risk management and other business purposes15 174 
Free-standing derivatives - customer accommodation:
Interest rate contracts(c)
87,928 708 924 
Interest rate lock commitments264 2 — 
Commodity contracts16,889 575 564 
TBA securities44 — — 
Foreign exchange contracts38,640 1,165 1,120 
Total free-standing derivatives - customer accommodation2,450 2,608 
Total derivatives not designated as qualifying hedging instruments2,465 2,782 
Total$2,472 2,798 
(a)Forward starting swaps became effective in January and February 2025.
(b)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.
(c)Derivative assets and liabilities are presented net of variation margin of $257 and $45, 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. Decisions to enter into these interest rate swaps are made primarily through consideration of the asset/liability mix of the Bancorp, the desired asset/liability sensitivity and interest rate levels. As of December 31, 2025, certain interest rate swaps met the criteria required to qualify for the shortcut method of accounting that permits the assumption of perfect offset. For all designated fair value hedges of interest rate risk as of December 31, 2025 that were not accounted for under the shortcut method of accounting, the Bancorp performed an assessment of hedge effectiveness using regression analysis with changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk recorded in the same income statement line in current period net income.

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 Consolidated Statements of Income in which the corresponding gains or losses are recorded:
For the years ended December 31 ($ in millions)Consolidated Statements of Income Caption202520242023
Long-term debt:
Change in fair value of interest rate swaps hedging long-term debtInterest on long-term debt$113 (66)29 
Change in fair value of hedged long-term debt attributable to the risk
being hedged
Interest on long-term debt(113)65 (26)
The following amounts were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of December 31:
($ in millions)Consolidated Balance 
Sheets Caption		20252024
Long-term debt:
Carrying amount of the hedged itemsLong-term debt$4,204 4,838 
Cumulative amount of fair value hedging adjustments included in
the carrying amount of the hedged items
Long-term debt10 (103)
Available-for-sale debt and other securities:
Cumulative amount of fair value hedging adjustments remaining
for hedged items for which hedge accounting has been discontinued
Available-for-sale debt and other securities(7)(9)

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. The assets or liabilities may be grouped in circumstances where they share the same risk exposure that the Bancorp desires to hedge. The Bancorp may also enter into interest rate caps and floors to limit cash flow variability of floating-rate assets and liabilities. As of December 31, 2025, all hedges designated as cash flow hedges were assessed for effectiveness using regression analysis. The entire change in the fair value of the interest rate swap included in the assessment of hedge effectiveness is recorded in AOCI and reclassified from AOCI to current period earnings when the hedged item affects earnings. As of December 31, 2025, the maximum length of time over which the Bancorp is hedging its exposure to the variability in future cash flows is 73 months.

Reclassified gains and losses on interest rate contracts related to commercial loans are recorded within interest income in the Consolidated Statements of Income. As of December 31, 2025 and 2024, respectively, $275 million and $654 million of net deferred losses, net of tax, on cash flow hedges were recorded in AOCI in the Consolidated Balance Sheets. As of December 31, 2025, $54 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 December 31, 2025.

During both the years ended December 31, 2025 and 2024, 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 gains (losses) recorded in the Consolidated Statements of Income and in the Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges:
For the years ended December 31 ($ in millions)202520242023
Amount of pre-tax net gains (losses) recognized in OCI$317 (724)(171)
Amount of pre-tax net losses reclassified from OCI into net income(181)(351)(334)

Free-Standing Derivative Instruments – Risk Management and Other Business Purposes
As part of its overall risk management strategy relative to its mortgage banking activity, the Bancorp may enter into various free-standing derivatives (principal-only swaps, interest rate swaptions, interest rate floors, mortgage options, TBA securities and interest rate swaps) to economically hedge changes in fair value of its largely fixed-rate MSR portfolio. Principal-only swaps hedge the spread between mortgage rates and benchmark rates because these swaps appreciate in value as a result of tightening spreads. Principal-only swaps also provide prepayment protection by increasing in value when prepayment speeds increase, as opposed to MSRs that lose value in a faster prepayment environment. Receive-fixed/pay-floating interest rate swaps and swaptions increase in value when interest rates do not increase as quickly as expected.

The Bancorp enters into forward contracts and mortgage options to economically hedge the changes in fair value of certain residential mortgage loans held for sale and certain residential mortgage portfolio loans measured at fair value which are due to changes in interest rates. These contracts generally settle within one year or less. IRLCs issued on residential mortgage loan commitments that will be held for sale are also considered free-standing derivative instruments and the interest rate exposure on these commitments is economically hedged primarily with forward contracts. Revaluation gains and losses from free-standing derivatives related to mortgage banking activity are recorded as a component of mortgage banking net revenue in the Consolidated Statements of Income.

In conjunction with the sale of Visa, Inc. Class B Shares in 2009, the Bancorp 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. This total return swap is accounted for as a free-standing derivative. Refer to Note 28 for more information about significant inputs and assumptions used in the valuation of this instrument.
The Bancorp entered into certain interest rate swap contracts for the purpose of managing its collateral positions across two central clearing parties. These interest rate swaps were perfectly offsetting positions that allowed the Bancorp to lower the cash posted as required initial margin at the clearing parties, which reduced its credit exposure to the clearing parties. Given that all relevant terms for these interest rate swaps are offsetting, these trades create no additional market risk for the Bancorp.

The net (losses) gains recorded in the Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table:
For the years ended December 31 ($ in millions)Consolidated Statements of Income Caption202520242023
Interest rate contracts:
Interest rate contracts related to MSR portfolioMortgage banking net revenue$26 (88)(43)
Forward contracts related to residential mortgage loans measured at fair valueMortgage banking net revenue(22)13 (7)
Interest-only stripsOther noninterest income— (1)(3)
Foreign exchange contracts:
Foreign exchange contracts for risk management purposesOther noninterest income(4)14 (3)
Equity contracts:
Swap associated with sale of Visa, Inc. Class B SharesOther noninterest income(45)(138)(94)

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. These derivative contracts are not designated against specific assets or liabilities on the Consolidated Balance Sheets or to forecasted transactions and, therefore, do not qualify for hedge accounting. These instruments include foreign exchange derivative contracts entered into for the benefit of commercial customers involved in international trade to hedge their exposure to foreign currency fluctuations, commodity contracts to hedge such items as natural gas and various other derivative contracts. 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 hedges its interest rate exposure on commercial customer transactions by executing offsetting swap agreements with primary dealers. Revaluation gains and losses on interest rate, foreign exchange, commodity and other commercial customer derivative contracts are recorded as a component of capital markets fees or other noninterest income in the Consolidated Statements of Income.

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 $3.2 billion as of both December 31, 2025 and 2024, and the fair value was a liability of $4 million and $5 million as of December 31, 2025 and 2024, respectively, which is included in other liabilities in the Consolidated Balance Sheets. As of December 31, 2025, the risk participation agreements had a weighted-average remaining life of 2.0 years.

The Bancorp’s maximum exposure in the risk participation agreements is contingent on the fair value of the underlying interest rate derivative contracts in an asset position at the time of default. The Bancorp monitors the credit risk associated with the underlying customers in the risk participation agreements through the same risk rating system currently utilized for establishing loss reserves in its loan and lease portfolio.

Risk ratings of the notional amount of risk participation agreements under this risk rating system are summarized in the following table as of December 31:
($ in millions)20252024
Pass$3,108 3,138 
Special mention— 9 
Substandard63 100 
Total$3,171 3,247 
The net gains (losses) recorded in the Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table:
For the years ended December 31 ($ in millions)
Consolidated Statements of Income Caption
202520242023
Interest rate contracts:
Interest rate contracts for customers (contract revenue)Capital markets fees$31 29 35 
Interest rate contracts for customers (credit portion of fair value adjustment)Other noninterest expense(3)4 (2)
Interest rate lock commitmentsMortgage banking net revenue62 41 52 
Commodity contracts:
Commodity contracts for customers (contract revenue)Capital markets fees17 18 36 
Commodity contracts for customers (credit portion of fair value adjustment)Other noninterest expense— 1 — 
Foreign exchange contracts:
Foreign exchange contracts for customers (contract revenue)Capital markets fees75 74 89 
Foreign exchange contracts for customers (contract revenue)Other noninterest income(31)6 (14)
Foreign exchange contracts for customers (credit portion of fair value adjustment)Other noninterest expense— — 4 

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 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 Consolidated Balance Sheets(a)
Gross Amounts Not Offset in the
Consolidated Balance Sheets
Derivatives
Collateral(b)
Net Amount
As of December 31, 2025
Derivative assets$1,863 (959)(261)643 
Derivative liabilities2,034 (959)(142)933 
As of December 31, 2024
Derivative assets$2,470 (1,378)(573)519 
Derivative liabilities2,798 (1,378)(193)1,227 
(a)Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements.
(b)Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Consolidated Balance Sheets were excluded from this table.
v3.25.4
Other Assets
 12 Months Ended
Dec. 31, 2025
Other Assets [Abstract]  
Other Assets Other Assets
The following table provides the components of other assets included in the Consolidated Balance Sheets as of December 31:
($ in millions)20252024
Partnership investments$2,743 2,520 
Accounts receivable and drafts-in-process2,496 2,381 
Bank owned life insurance2,171 2,135 
Derivative instruments1,868 2,472 
Deferred tax assets865 1,429 
Accrued interest and fees receivable742 796 
Operating lease right-of-use assets629 526 
Prepaid expenses166 142 
Income tax receivable163 174 
OREO and other repossessed property31 32 
Other237 250 
Total other assets$12,111 12,857 
v3.25.4
Short-Term Borrowings
 12 Months Ended
Dec. 31, 2025
Short-Term Debt [Abstract]  
Short-Term Borrowings Short-Term Borrowings
Borrowings with original maturities of one year or less are classified as short-term and include federal funds purchased and other short-term borrowings. Federal funds purchased are excess balances in reserve accounts held at the FRB that the Bancorp purchased from other member banks on an overnight basis. Other short-term borrowings may include FHLB advances, securities sold under repurchase agreements, derivative collateral and other borrowings with original maturities of one year or less.

The following table summarizes short-term borrowings and weighted-average rates:
20252024
($ in millions)Amount
Rate
Amount
Rate
As of December 31:
Federal funds purchased$226 3.61 %$204 4.30 %
Other short-term borrowings700 2.87 4,450 4.39 
Average for the years ended December 31:
Federal funds purchased$200 4.26 %$207 5.21 %
Other short-term borrowings4,730 4.35 3,024 5.18 
Maximum month-end balance for the years ended December 31:
Federal funds purchased$227 $247 
Other short-term borrowings6,310 5,070 

The following table presents a summary of the Bancorp’s other short-term borrowings as of December 31:
($ in millions)20252024
FHLB advances$300 4,100 
Securities sold under repurchase agreements311 273 
Derivative collateral19 19 
Other borrowed money70 58 
Total other short-term borrowings$700 4,450 

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 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 December 31, 2025 and 2024, all securities sold under repurchase agreements were secured by agency mortgage-backed securities and the repurchase agreements had an overnight remaining contractual maturity.
At both December 31, 2025 and 2024, the Bancorp’s other borrowed money primarily included obligations recognized by the Bancorp under ASC Topic 860 related to certain loans sold to GNMA and serviced by the Bancorp. Under ASC Topic 860, once the Bancorp has the unilateral right to repurchase the GNMA loans due to the borrower missing three consecutive payments, the Bancorp is considered to have regained effective control over the loan. As such, the Bancorp is required to recognize both the loan and the repurchase liability, regardless of the intent to repurchase the loans.
v3.25.4
Long-Term Debt
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
The following table is a summary of the Bancorp’s long-term borrowings at December 31:
($ in millions)MaturityInterest Rate20252024
Parent Company
Senior:
Fixed-rate notes20252.375%$— 750 
Fixed-rate notes20272.55%749 748 
Fixed-rate/floating-rate notes(c)
20271.707%489 472 
Fixed-rate notes20283.95%649 648 
Fixed-rate/floating-rate notes(c)
20284.055%396 387 
Fixed-rate/floating-rate notes(c)
20286.361%1,012 999 
Fixed-rate/floating-rate notes(c)
20296.339%1,247 1,246 
Fixed-rate/floating-rate notes(c)
20304.772%971 933 
Fixed-rate/floating-rate notes(c)
20304.895%747 747 
Fixed-rate/floating-rate notes(c)
20325.631%996 996 
Fixed-rate/floating-rate notes(c)
20334.337%567 544 
Subordinated:(a)
Fixed-rate notes20388.25%1,063 1,051 
Subsidiaries
Senior:
Fixed-rate notes20253.95%— 747 
Fixed-rate notes20272.25%600 599 
Fixed-rate/floating-rate notes(c)
20284.967%699 — 
Floating-rate notes(a)(b)
20284.753%299 — 
Subordinated:(a)
Fixed-rate notes20263.85%750 750 
Junior subordinated:
 Floating-rate debentures(a)(b)
20355.40%-5.67%55 54 
FHLB advances(d)
2026-20474.91%1,505 1,508 
Notes associated with consolidated VIEs:
Automobile loan securitization2028-20315.52%-5.53%425 816 
Solar loan securitization, fixed-rate notes20384.05%-7.00%25 30 
Other2026-2052Varies345 312 
Total$13,589 14,337 
(a)In aggregate, $1.1 billion and $1.3 billion qualifies as Tier 2 capital for regulatory capital purposes for the years ended December 31, 2025 and 2024, respectively.
(b)These rates reflect the floating rates as of December 31, 2025.
(c)This rate reflects the fixed rate in effect as of December 31, 2025.
(d)This rate reflects the weighted-average rate as of December 31, 2025.

The Bancorp pays down long-term debt in accordance with contractual terms over maturity periods summarized in the previous table. The aggregate annual maturities of long-term debt obligations (based on final maturity dates) as of December 31, 2025 are presented in the following table:
($ in millions)Parent CompanySubsidiariesTotal
2026$— 2,261 2,261 
20271,238 611 1,849 
20282,057 1,364 3,421 
20291,247 68 1,315 
20301,718 68 1,786 
Thereafter2,626 331 2,957 
Total$8,886 4,703 13,589 

At December 31, 2025, the Bancorp’s long-term borrowings consisted of outstanding principal balances of $13.6 billion, net discounts of $11 million, debt issuance costs of $25 million and additions for mark-to-market adjustments on its hedged debt of $10 million. At December 31, 2024, the Bancorp’s long-term borrowings consisted of outstanding principal balances of $14.5 billion, net discounts of $13 million, debt issuance costs of $31 million and reductions for mark-to-market adjustments on its hedged debt of $103 million. The Bancorp was in compliance with all debt covenants at December 31, 2025 and 2024.
For further information on a subsequent event related to long-term debt, refer to Note 33.

Parent Company Long-Term Borrowings
Senior notes
On March 14, 2018, the Bancorp issued and sold $650 million of senior notes to third-party investors. The senior notes bear a fixed-rate of interest of 3.95% per annum. The notes are unsecured, senior obligations of the Bancorp. Payment of the full principal amounts of the notes is due upon maturity on March 14, 2028. These fixed-rate senior notes will be redeemable by the Bancorp, in whole or in part, on or after the date that is 30 days prior to the maturity date at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date.

On May 5, 2020, the Bancorp issued and sold $750 million of 2.55% senior fixed-rate notes, with a maturity of seven years, due on May 5, 2027. The notes will be redeemable on or after April 5, 2027, in whole or in part, at any time and from time to time, at the Bancorp’s option at a redemption price equal to 100% of the aggregate principal amount of the senior fixed-rate notes being redeemed, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date. Additionally, the notes will be redeemable at the Bancorp’s option, in whole or in part, at any time or from time to time, on or after November 2, 2020, and prior to April 5, 2027, in each case at a redemption price, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date, equal to the greater of: (a) 100% of the aggregate principal amount of the senior fixed-rate notes being redeemed on that redemption date; and (b) the sum of the present values of the remaining scheduled payments of principal and interest on the senior fixed-rate notes being redeemed that would be due if the senior fixed-rate notes to be redeemed matured on April 5, 2027 (not including any portion of such payments of interest accrued to the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 35 bps.

On November 1, 2021, the Bancorp issued and sold $500 million of fixed-rate/floating-rate senior notes which will mature on November 1, 2027. The senior notes bear a fixed rate of interest of 1.707% per annum to, but excluding, November 1, 2026. From, and including, November 1, 2026 until, but excluding, November 1, 2027, the senior notes will have an interest rate of compounded SOFR plus 0.685%. The Bancorp entered into an interest rate swap designated as a fair value hedge to convert the fixed-rate period of the notes to a floating rate of compounded SOFR plus 69 bps, and the Bancorp paid a rate of 4.68% at December 31, 2025. The notes will be redeemable in whole, but not in part, by the Bancorp on November 1, 2026, the date that is one year prior to the maturity date, at a redemption price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date. In addition, the notes will be redeemable, in whole or in part, by the Bancorp on or after the date that is 30 days prior to the maturity date at a redemption price equal to 100% of the principal amount of the notes being redeemed, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date.

On April 25, 2022, the Bancorp issued and sold $1 billion of fixed-rate/floating-rate senior notes. $400 million of the notes will bear interest at a rate of 4.055% per annum to, but excluding, April 25, 2027, followed by an interest rate of compounded SOFR plus 1.355% until maturity on April 25, 2028. The remaining $600 million of the notes will bear interest at a rate of 4.337% per annum to, but excluding, April 25, 2032, followed by an interest rate of compounded SOFR plus 1.660% until maturity on April 25, 2033. The Bancorp entered into interest rate swaps designated as fair value hedges to convert the fixed-rate periods of the notes to a floating rate of compounded SOFR plus 1.357% and a floating rate of compounded SOFR plus 1.666% for the notes due April 25, 2028 and the notes due April 25, 2033, respectively. The Bancorp paid rates on these swaps of 5.21% and 5.52%, respectively, at December 31, 2025. Each tranche of notes is redeemable in whole at par plus accrued and unpaid interest one year prior to its maturity date, or may be wholly or partially redeemed 30 days or 90 days prior to maturity for the 2028 notes and the 2033 notes, respectively.

On July 28, 2022, the Bancorp issued and sold $1 billion of fixed-rate/floating-rate senior notes which will mature on July 28, 2030. The senior notes bear interest at a rate of 4.772% per annum to, but excluding, July 28, 2029. From, and including July 28, 2029 until, but excluding July 28, 2030, the senior notes will bear interest at a rate of compounded SOFR plus 2.127%. The Bancorp entered into interest rate swaps designated as fair value hedges to convert the fixed-rate period of the notes to a floating rate of compounded SOFR plus 2.132%, and the Bancorp paid a rate of 5.95% at December 31, 2025. The senior notes are redeemable in whole at par plus accrued and unpaid interest one year prior to their maturity date, or may be wholly or partially redeemed 60 days prior to maturity.

On October 27, 2022, the Bancorp issued and sold $1 billion of fixed-rate/floating-rate senior notes which will mature on October 27, 2028. The senior notes will bear interest at a rate of 6.361% per annum to, but excluding, October 27, 2027. From, and including October 27, 2027 until, but excluding October 27, 2028, the senior notes will bear interest at a rate of compounded SOFR plus 2.192%. The Bancorp entered into an interest rate swap designated as a fair value hedge to convert the fixed-rate period of the notes to a floating rate of compounded SOFR plus 2.193%, and the Bancorp paid a rate of 6.02% at December 31, 2025. The senior notes are redeemable in whole at par plus accrued and unpaid interest one year prior to their maturity date, or may be wholly or partially redeemed on or after 30 days prior to maturity. Additionally, 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 October 27, 2027, at the greater of: (a) the aggregate principal amount of the senior notes being redeemed, or (b) the discounted present value of the remaining scheduled payments of principal and interest that would be due if the senior notes being redeemed matured on October 27, 2027.
On July 27, 2023, the Bancorp issued and sold $1.25 billion of fixed-rate/floating-rate senior notes which will mature on July 27, 2029. The senior notes bear interest at a rate of 6.339% per annum to, but excluding, July 27, 2028. From, and including, July 27, 2028 until, but excluding, July 27, 2029, the senior notes will bear interest at a rate of compounded SOFR plus 2.340%. The senior notes are redeemable in whole at par plus accrued and unpaid interest one year prior to their maturity date, or may be wholly or partially redeemed on or after 30 days prior to maturity. Additionally, 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 July 27, 2028, at the greater of: (a) the aggregate principal amount of the senior notes being redeemed, or (b) the discounted present value of the remaining scheduled payments of principal and interest that would be due if the senior notes being redeemed matured on July 27, 2028.

On January 29, 2024, the Bancorp issued and sold $1.0 billion of fixed-rate/floating-rate senior notes which will mature on January 29, 2032. The senior notes will bear interest at a rate of 5.631% per annum to, but excluding, January 29, 2031. From, and including, January 29, 2031 until, but excluding January 29, 2032, the senior notes will bear interest at a rate of compounded SOFR plus 1.840%. The senior notes are redeemable in whole one year prior to their maturity date, or in whole or in part beginning 60 days prior to maturity, at par plus accrued and unpaid interest. Additionally, 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, 2031, at the greater of: (a) the aggregate principal amount of the senior notes being redeemed, plus accrued and unpaid interest, or (b) the present value of the remaining scheduled payments of principal and interest.

On September 6, 2024, the Bancorp issued and sold $750 million of fixed-rate/floating-rate senior notes which will mature on September 6, 2030. The senior notes will bear interest at a rate of 4.895% per annum to, but excluding, September 6, 2029. From, and including, September 6, 2029 until, but excluding, September 6, 2030, the senior notes will bear interest at a rate of compounded SOFR plus 1.486%. The senior notes are redeemable in whole 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. Additionally, 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 September 6, 2029, at the greater of: (a) the aggregate principal amount of the senior notes being redeemed, plus accrued and unpaid interest, or (b) the present value of the remaining scheduled payments of principal and interest.

Subordinated debt
The Bancorp has entered into interest rate swaps to convert part of its subordinated fixed-rate notes due in 2038 to a floating rate. Of the $1.0 billion in 8.25% subordinated fixed-rate notes due in 2038, the Bancorp entered into an interest rate swap designated as a fair value hedge to convert $705 million of the notes to a floating rate of compounded SOFR plus 3.31%, and the Bancorp paid a rate of 7.49% on the hedged portion of these notes at December 31, 2025.

Subsidiary Long-Term Borrowings
Senior and subordinated debt
Medium-term senior notes and subordinated bank notes with maturities ranging from one year to 30 years can be issued by the Bancorp’s banking subsidiary. Under the Bancorp’s banking subsidiary’s global bank note program, the Bank’s capacity to issue its senior and subordinated unsecured bank notes is $25.0 billion. As of December 31, 2025, $20.2 billion was available for future issuance under the global bank note program.

On March 15, 2016, the Bank issued and sold, under its bank notes program, $750 million of 3.85% subordinated fixed-rate notes due on March 15, 2026. These bank notes will be redeemable by the Bank, in whole or in part, on or after the date that is 30 days prior to the maturity date at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date. The notes were outstanding at December 31, 2025 and subsequently redeemed on February 13, 2026.
On January 31, 2020, the Bank issued and sold, under its bank notes program, $600 million of 2.25% senior fixed-rate notes due on February 1, 2027. The notes will be redeemable at the Bank’s option, in whole or in part, at any time or from time to time, on or after July 31, 2020, and prior to January 4, 2027, at a redemption price, plus accrued and unpaid interest thereon, if any, to, but excluding, the redemption date, equal to the greater of: (a) 100% of the aggregate principal amount of the notes being redeemed on that redemption date; and (b) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed that would be due if the notes to be redeemed matured on January 4, 2027. Additionally, the notes will also be redeemable by the Bank, in whole or in part, on or after January 4, 2027, at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date.

On January 28, 2025, the Bank issued and sold, under its bank note program, $700 million of fixed-rate/floating-rate senior notes due on January 28, 2028. The senior notes will bear interest at a rate of 4.967% per annum to, but excluding, January 28, 2027. From, and including, January 28, 2027, to, but excluding, the maturity date, the senior notes will bear interest at a rate of compounded SOFR plus 0.81%. The senior notes are redeemable at the Bank’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. Additionally, the senior notes are redeemable at the Bank’s option, in whole or in part, beginning 180 days after the issue date and prior to January 28, 2027, 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.

On January 28, 2025, the Bank issued and sold, under its bank note program, $300 million of floating-rate senior notes due on January 28, 2028. The senior notes will bear interest at a rate of compounded SOFR plus 0.81%. These senior notes are redeemable at the Bank’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.

Junior subordinated debt
The junior subordinated floating-rate debentures due in 2035 were assumed by the Bancorp’s direct nonbank subsidiary holding company as part of the acquisition of First Charter in June 2008. The obligation was issued to First Charter Capital Trust I and II. The floating-rate capital securities of First Charter Capital Trust I and II pay a floating rate at three-month CME Term SOFR plus 1.69% and 1.42%, respectively, plus the tenor spread adjustment of 0.26161%. The Bancorp’s nonbank subsidiary holding company has fully and unconditionally guaranteed all obligations under the acquired trust preferred securities issued by First Charter Capital Trust I and II.

FHLB advances
At December 31, 2025, FHLB advances have a weighted-average rate of 4.91%, with interest payable monthly. The Bancorp has pledged $35.2 billion of loans and securities to secure its borrowing capacity at the FHLB which is partially utilized to fund $1.5 billion in FHLB advances that are outstanding. The FHLB advances mature as follows: $1.5 billion in 2026 and $5 million after 2030.

Notes associated with consolidated VIEs
As discussed in Note 12, the Bancorp was determined to be the primary beneficiary of various VIEs associated with certain automobile and solar loan securitizations. Third-party holders of this debt do not have recourse to the general assets of the Bancorp. Approximately $450 million of outstanding notes related to these VIEs were included in long-term debt in the Consolidated Balance Sheets as of December 31, 2025. The notes mature as follows: $327 million in 2028 and $123 million after 2030.
v3.25.4
Commitments, Contingent Liabilities and Guarantees
 12 Months Ended
Dec. 31, 2025
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 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 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 December 31:
($ in millions)20252024
Commitments to extend credit$84,405 80,680 
Letters of credit2,095 1,952 
Forward contracts related to residential mortgage loans measured at fair value1,072 881 
Capital commitments for private equity investments310 219 
Capital expenditures147 80 
Purchase obligations— 27 

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 December 31, 2025 and 2024, the Bancorp had a reserve for unfunded commitments, including letters of credit, totaling $157 million and $134 million, respectively, included in other liabilities in the Consolidated Balance Sheets. 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 December 31:
($ in millions)20252024
Pass$82,536 78,734 
Special mention834 850 
Substandard991 1,095 
Doubtful44 1 
Total commitments to extend credit$84,405 80,680 

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 December 31, 2025:
($ in millions)
Less than 1 year(a)
$1,122 
1 - 5 years(a)
973 
Total letters of credit$2,095 
(a)Includes $1 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 December 31, 2025 and 2024 and are considered guarantees in accordance with U.S. GAAP. Approximately 77% and 76% of the total standby letters of credit were collateralized as of December 31, 2025 and 2024, 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 $9 million and $12 million at December 31, 2025 and 2024, respectively. The Bancorp monitors the credit risk associated with letters of credit using the same standard regulatory risk rating systems utilized for its loan and lease portfolio.
Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of December 31:
($ in millions)20252024
Pass$1,923 1,779 
Special mention55 60 
Substandard113 110 
Doubtful4 3 
Total letters of credit$2,095 1,952 

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 and to purchase goods or services.

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 19 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.

As of December 31, 2025 and 2024, the Bancorp maintained reserves related to loans sold with representation and warranty provisions totaling $4 million and $5 million, respectively, included in other liabilities in the 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 December 31, 2025 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 $8 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.

During both the years ended December 31, 2025 and 2024, the Bancorp paid an immaterial amount in the form of make-whole payments and repurchased $18 million and $20 million, respectively, in outstanding principal of loans to satisfy investor demands. Total repurchase demand requests during the years ended December 31, 2025 and 2024 were $36 million and $44 million, respectively. Total outstanding repurchase demand inventory was $5 million and $7 million at December 31, 2025 and 2024, respectively.

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 $13 million and $16 million at December 31, 2025 and 2024, 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 December 31, 2025 and 2024.

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 28 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 December 31, 2025, 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 $124 million and $170 million at December 31, 2025 and 2024, respectively. Refer to Note 14 and Note 28 for further information.
After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows:
Period ($ in millions)Visa Funding AmountBancorp Cash Payment Amount
Q2 2010$500 20 
Q4 2010800 35 
Q2 2011400 19 
Q1 20121,565 75 
Q3 2012150 6 
Q3 2014450 18 
Q2 2018600 26 
Q3 2019300 12 
Q4 2021250 11 
Q2 2022600 25 
Q4 2022350 15 
Q2 2023500 21 
Q3 2023150 6 
Q3 20241,500 65 
Q1 2025375 15 
Q3 2025500 21 
Q4 2025500 (a)
(a)The Bancorp made a cash payment of $21 million to the swap counterparty on January 8, 2026 as a result of the Visa escrow funding in the fourth quarter of 2025.
v3.25.4
Legal and Regulatory Proceedings
 12 Months Ended
Dec. 31, 2025
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 18 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. These individual federal lawsuits were transferred to the United States District Court for the Eastern District of New York, and 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 April 20, 2026 in the matter of Target Corp. et al. v. Visa Inc. et al., Case No. 13 Civ. 3477 (AKH) (S.D.N.Y.). 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 18 for further information.

Klopfenstein v. Fifth Third Bank
On August 3, 2012, William Klopfenstein and Adam McKinney filed a lawsuit against Fifth Third Bank in the United States District Court for the Northern District of Ohio (Klopfenstein et al. v. Fifth Third Bank), alleging that the 120% APR that Fifth Third disclosed on its Early Access program was misleading. In 2013, four similar putative class action lawsuits were filed against Fifth Third Bank in federal courts throughout the country. Those four lawsuits were transferred to the Southern District of Ohio and consolidated with the original lawsuit 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. 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.

Howards v. Fifth Third Bank
On March 8, 2018, Plaintiff Troy Howards filed a putative class action against Fifth Third Bank in the United States District Court for the Central District of California (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. Venue was subsequently transferred to the United States District Court for the Southern District of Ohio. 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 $76 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.
v3.25.4
Related Party Transactions
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
The Bancorp maintains written policies and procedures covering related party transactions with principal shareholders, directors and executives of the Bancorp. These policies and procedures cover transactions such as employee-stock purchase loans, personal lines of credit, residential secured loans, overdrafts, letters of credit and increases in indebtedness. Such transactions are subject to the Bancorp’s normal underwriting and approval procedures. Prior to approving a loan to a related party, Compliance Risk Management must review and determine whether the transaction requires approval from or a post notification to the Bancorp’s Board of Directors. At December 31, 2025 and 2024, certain directors, executive officers, principal holders of Bancorp common stock and their related interests were indebted, including undrawn commitments to lend, to the Bancorp’s banking subsidiary.

The following table summarizes the Bancorp’s lending activities with its principal shareholders, directors, executives and their related interests at December 31:
($ in millions)20252024
Commitments to lend, net of participations:
Directors and their affiliated companies$202 162 
Executive officers3 3 
Total$205 165 
Outstanding balance on loans, net of participations and undrawn commitments$132 56 
The commitments to lend are in the form of loans and guarantees for various business and personal interests. This indebtedness was incurred in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties. This indebtedness does not involve more than the normal risk of repayment or present other features unfavorable to the Bancorp.
v3.25.4
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Bancorp and its subsidiaries file a consolidated federal income tax return. The following is a summary of income before income taxes included in the Consolidated Statements of Income for the years ended December 31:
($ in millions)202520242023
Domestic income before income taxes$3,211 2,919 2,943 
Foreign income (loss) before income taxes— (3)45 
Income before income taxes$3,211 2,916 2,988 

The following is a summary of applicable income taxes included in the Consolidated Statements of Income for the years ended December 31:
($ in millions)202520242023
Current income tax expense:
U.S. Federal income taxes$476 452 647 
State and local income taxes76 75 96 
Foreign income taxes(3)3 2 
Total current income tax expense549 530 745 
Deferred income tax expense (benefit):
U.S. Federal income taxes129 84 (81)
State and local income taxes12 (13)(23)
Foreign income taxes(1)1 (2)
Total deferred income tax expense (benefit)140 72 (106)
Applicable income tax expense $689 602 639 

The current U.S. Federal income taxes above include proportional amortization of qualifying CDC investments of $220 million for the year ended December 31, 2025 and $200 million for both the years ended December 31, 2024 and 2023.

The following is a reconciliation between the statutory U.S. Federal income tax rate and the Bancorp’s effective tax rate for the years ended December 31:
2025(a)
2024(b)
2023(c)
($ in millions)AmountPercentAmountPercentAmountPercent
Statutory tax rate$674 21.0 %$612 21.0 %$627 21.0 %
Increase (decrease) resulting from:
State and local income taxes, net of federal benefit84 2.6 58 2.0 71 2.4 
Foreign tax effects(2)(0.1)(4)(0.2)(1)— 
Tax credits:
Tax credits and other tax benefits from CDC investments, net of proportional amortization(39)(1.2)(43)(1.5)(31)(1.0)
Other tax credits(9)(0.3)(7)(0.3)(21)(0.7)
Nontaxable or nondeductible items:
Tax-exempt income(26)(0.8)(27)(0.9)(25)(0.8)
Other21 0.7 24 0.8 28 0.9 
Changes in unrecognized tax benefits(15)(0.5)(10)(0.3)(10)(0.4)
Other adjustments1 — (1)— 1 — 
Effective tax rate$689 21.4 %$602 20.6 %$639 21.4 %
(a)State taxes in California, Illinois, New York and Florida made up greater than 50% of state and local income taxes.
(b)State taxes in California, New York, Illinois and Florida made up greater than 50% of state and local income taxes.
(c)State taxes in Illinois, California, New York, Florida and New Jersey made up greater than 50% of state and local income taxes.

The Bancorp adopted ASU 2023-02 on January 1, 2024 which expanded the permitted usage of the proportional amortization method to include additional tax credit programs beyond qualifying LIHTC structures if certain conditions are met. As a result, tax credits and other tax benefits from CDC investments, net of proportional amortization in the rate reconciliation table for the years ended December 31, 2025 and 2024 include Low-Income Housing, New Markets and Rehabilitation Investment tax credits and other related tax benefits, net of proportional amortization from those investments. For the year ended December 31, 2023, prior to the adoption of ASU 2023-02, tax credits and other tax benefits from CDC investments, net of proportional amortization only include the tax credits and other related tax benefits pertaining to investments in the Low-Income Housing tax credit program, with the credits arising from the Bancorp’s investments in the New Markets and Rehabilitation Investment tax credit programs presented as a component of other tax credits. Other tax credits in the rate reconciliation table
also include the Increasing Research Activities and Qualified Zone Academy Bond tax credits. Tax-exempt income in the rate reconciliation table includes interest on municipal bonds, interest on tax-exempt lending, and income on life insurance policies held by the Bancorp.

The following is a summary of the Bancorp’s income taxes paid, net of refunds received, for the years ended December 31:
($ in millions)
2025(a)
2024(b)
2023
U.S. Federal income taxes$100 131 529 
State and local income taxes87 61 111 
Foreign income taxes(2)1 15 
Total income taxes paid, net of refunds received$185 193 655 
(a)Includes $16, $11 and $11 of income taxes paid, net of refunds received, to the states of Illinois, California and New York, respectively.
(b)Includes $12 of income taxes paid, net of refunds received, to the state of New York.

The following table provides a reconciliation of the beginning and ending amounts of the Bancorp’s unrecognized tax benefits:
($ in millions)202520242023
Unrecognized tax benefits at January 1$101 97 94 
Gross increases for tax positions taken during prior period2 12 14 
Gross decreases for tax positions taken during prior period(11)(7)(5)
Gross increases for tax positions taken during current period7 21 15 
Settlements with taxing authorities(1)(1)(1)
Lapse of applicable statute of limitations(11)(21)(20)
Unrecognized tax benefits at December 31(a)
$87 101 97 
(a)All amounts represent unrecognized tax benefits that, if recognized, would affect the annual effective tax rate.

The Bancorp’s unrecognized tax benefits as of December 31, 2025, 2024 and 2023 primarily related to state income tax exposures from taking tax positions where the Bancorp believes it is likely that, upon examination, a state would take a position contrary to the position taken by the Bancorp.

Deferred income taxes are comprised of the following items at December 31:
($ in millions)20252024
Deferred tax assets:
Other comprehensive income$973 1,459 
Allowance for loan and lease losses473 494 
Loan origination fees and costs188 199 
Deferred compensation117 115 
Reserves33 38 
Reserves for unfunded commitments33 28 
State deferred taxes25 35 
State net operating loss carryforwards10 6 
Federal net operating loss carryforwards1 7 
Other103 138 
Total deferred tax assets$1,956 2,519 
Deferred tax liabilities:
Lease financing$660 583 
MSRs and related economic hedges161 153 
Bank premises and equipment111 76 
Goodwill and intangible assets61 64 
Other101 216 
Total deferred tax liabilities$1,094 1,092 
Total net deferred tax asset$862 1,427 

At December 31, 2025 and 2024, the Bancorp recorded deferred tax assets of $10 million and $6 million, respectively, related to state net operating loss carryforwards. The deferred tax assets relating to state net operating losses are presented net of specific valuation allowances of $6 million and $7 million at December 31, 2025 and 2024, respectively. If these carryforwards are not utilized, they will expire in varying amounts through 2044.

The Bancorp has determined that a valuation allowance is not needed against the remaining deferred tax assets as of December 31, 2025 or 2024. The Bancorp considered all of the positive and negative evidence available to determine whether it is more likely than not that the deferred tax assets will ultimately be realized and, based upon that evidence, the Bancorp believes it is more likely than not that the deferred
tax assets recorded at December 31, 2025 and 2024 will ultimately be realized. The Bancorp reached this conclusion as it is expected that the Bancorp’s remaining deferred tax assets will be realized through the reversal of its existing taxable temporary differences, its projected future taxable income and tax-planning strategies.

The statute of limitations for the Bancorp’s federal income tax returns remains open for tax years 2020 through 2025. On occasion, as various state and local taxing jurisdictions examine the returns of the Bancorp and its subsidiaries, the Bancorp may agree to extend the statute of limitations for a reasonable period of time. Otherwise, the statutes of limitations for state income tax returns remain open only for tax years in accordance with each state’s statutes.

Any interest and penalties incurred in connection with income taxes are recorded as a component of applicable income tax expense in the Consolidated Financial Statements. During the years ended December 31, 2025, 2024 and 2023, the Bancorp recognized $2 million, $1 million and $2 million, respectively, of interest expense in connection with income taxes. At December 31, 2025 and 2024, the Bancorp had accrued interest liabilities, net of the related tax benefits, of $13 million and $11 million, respectively. No material liabilities were recorded for penalties related to income taxes.
Retained earnings at both December 31, 2025 and 2024 included $157 million in allocations of earnings for bad debt deductions of former thrift subsidiaries for which no income tax has been provided. Under current tax law, if certain of the Bancorp’s subsidiaries use these bad debt reserves for purposes other than to absorb bad debt losses, they will be subject to federal income tax at the current corporate tax rate.
v3.25.4
Retirement and Benefit Plans
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Retirement and Benefit Plans Retirement and Benefit Plans
The Bancorp’s qualified defined benefit plan’s benefits were frozen in 1998, except for grandfathered employees. The Bancorp’s other defined benefit retirement plans consist of non-qualified plans which are frozen and funded on an as-needed basis. A majority of these plans were obtained in acquisitions and are included with the qualified defined benefit plan in the following tables (“the Plan”). The Bancorp recognizes the overfunded or underfunded status of the Plan in other assets and accrued taxes, interest and expenses, respectively, in the Consolidated Balance Sheets.

The following table summarizes the defined benefit retirement plans as of and for the years ended December 31:
($ in millions)
20252024
Fair value of plan assets at January 1$87 102 
Actual return on assets6 (3)
Contributions1 1 
Settlement(7)(7)
Benefits paid(6)(6)
Fair value of plan assets at December 31$81 87 
Projected benefit obligation at January 1$100 113 
Interest cost5 5 
Settlement(7)(7)
Actuarial loss (gain)3 (5)
Benefits paid(6)(6)
Projected benefit obligation at December 31$95 100 
Underfunded projected benefit obligation at December 31$(14)(13)
Accumulated benefit obligation at December 31(a)
$95 100 
(a)Since the Plan’s benefits are frozen, the rate of compensation increase is no longer an assumption used to calculate the accumulated benefit obligation. Therefore, the accumulated benefit obligation was the same as the projected benefit obligation at both December 31, 2025 and 2024.

The following table summarizes net periodic benefit cost and other changes in the Plan’s assets and benefit obligations recognized in OCI for the years ended December 31:
($ in millions)202520242023
Components of net periodic benefit cost:
Interest cost$5 5 6 
Expected return on assets(5)(5)(5)
Amortization of net actuarial loss2 2 2 
Settlement2 2 2 
Net periodic benefit cost$4 4 5 
Other changes in plan assets and benefit obligations recognized in OCI:
Net actuarial loss$2 2 1 
Amortization of net actuarial loss(2)(2)(2)
Settlement(1)(1)(2)
Total recognized in other comprehensive income(1)(1)(3)
Total recognized in net periodic benefit cost and OCI$3 3 2 

Fair Value Measurements of Plan Assets
The following tables summarize plan assets measured at fair value on a recurring basis as of December 31:
Fair Value Measurements Using(a)
2025 ($ in millions)Level 1Level 2
Level 3
Total Fair Value
Cash equivalents$2 — — 2 
Debt securities:
U.S. Treasury and federal agencies securities46 3 — 49 
Asset-backed securities and other debt securities(b)
— 30 — 30 
Total debt securities$46 33 — 79 
Total plan assets$48 33 — 81 
(a)For further information on fair value hierarchy levels, refer to Note 1.
(b)Includes corporate bonds.
Fair Value Measurements Using(a)
2024 ($ in millions)Level 1Level 2
Level 3
Total Fair Value
Cash equivalents$3 — — 3 
Debt securities:
U.S. Treasury and federal agencies securities48 3 — 51 
Asset-backed securities and other debt securities(b)
— 33 — 33 
Total debt securities$48 36 — 84 
Total plan assets$51 36 — 87 
(a)For further information on fair value hierarchy levels, refer to Note 1.
(b)Includes corporate bonds.

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.

Cash equivalents
Cash equivalents are comprised of money market mutual funds that invest in short-term money market instruments that are issued and payable in U.S. dollars. The Plan measures its cash equivalent funds that are exchange-traded using the fund’s quoted price, which is in an active market. Therefore, these investments are classified within Level 1 of 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. Examples of such instruments, which are classified within Level 2 of the valuation hierarchy, include federal agencies securities and asset-backed securities and other debt securities.

Plan Assumptions
The Plan’s assumptions are evaluated annually and are updated as necessary. The discount rate assumption reflects the yield on a portfolio of high quality fixed-income instruments that have a similar duration to the Plan’s liabilities. The expected long-term rate of return assumption reflects the average return expected on the assets invested to provide for the Plan’s liabilities. In determining the expected long-term rate of return, the Bancorp evaluated actuarial and economic inputs, including long-term inflation rate assumptions and broad equity and bond indices long-term return projections, as well as actual long-term historical plan performance.

The following table summarizes the weighted-average plan assumptions for the years ended December 31:
202520242023
For measuring benefit obligations at year end:
Discount rate5.31 %5.58 5.04 
For measuring net periodic benefit cost:
Discount rate5.52 5.08 5.50 
Expected return on plan assets5.51 5.09 5.52 

Lowering both the expected rate of return on the plan assets and the discount rate by 0.25% would have increased the 2025 pension expense by an immaterial amount.

Based on the actuarial assumptions, the Bancorp expects to contribute $1 million to the Plan in 2026. Estimated pension benefit payments are $12 million for 2026, $11 million for 2027, $10 million for 2028, $10 million for 2029 and $9 million for 2030. The total estimated payments for the years 2031 through 2035 is $36 million.

Investment Policies and Strategies
The Bancorp’s policy for the investment of Plan assets is to employ investment strategies that achieve a range of weighted-average target asset allocations relating to equity securities, fixed-income securities (including U.S. Treasury and federal agencies securities, mortgage-backed securities, asset-backed securities, corporate bonds and municipal bonds), alternative strategies (including traditional mutual funds, precious metals and commodities) and cash or cash equivalents.
The following table provides the Bancorp’s targeted and actual weighted-average asset allocations by asset category, with mutual and exchange-traded funds incorporated according to their underlying investments, for the years ended December 31:
Targeted Range(a)  
20252024
Fixed-income securities
50-100 % 
97 95 
Cash or cash equivalents
0-100    
3 5 
Total100 %100 
(a)These reflect the targeted ranges for the year ended December 31, 2025.

Plan management’s objective is to achieve and maintain a fully-funded status of the qualified defined benefit plan while also minimizing the risk of excess assets. As a result, the portfolio assets of the qualified defined benefit plan will continue to increase the weighting of long duration fixed income, or liability matching assets, as the funded status increases. There were no significant concentrations of risk associated with the investments of the Plan at December 31, 2025.

Permitted asset classes of the Plan include cash and cash equivalents, fixed-income (domestic and non-U.S. bonds), equities (U.S., non-U.S., emerging markets and real estate investment trusts), equipment leasing and mortgages. The Plan utilizes derivative instruments including puts, calls, straddles or other option strategies, as approved by management.

Fifth Third Bank, National Association, (the “Trustee”), is expected to manage Plan assets in a manner consistent with the 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 is required to provide to the Committee monthly and quarterly reports covering a list of Plan assets, portfolio performance, transactions and asset allocation. The Trustee 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 investment management, accounting or administrative services provided by the Trustee for the years ended December 31, 2025, 2024 and 2023.

Other Information on Retirement and Benefit Plans
The Bancorp has a qualified defined contribution savings plan that allows participants to make voluntary 401(k) contributions on a pre-tax or Roth basis, subject to statutory limitations. Expenses recognized for matching contributions to the Bancorp’s qualified defined contribution savings plan were $119 million, $115 million and $114 million for the years ended December 31, 2025, 2024 and 2023, respectively. The Bancorp did not make profit sharing contributions during the years ended December 31, 2025, 2024 and 2023. In addition, the Bancorp has a non-qualified defined contribution plan that allows certain employees to make voluntary contributions into a deferred compensation plan. Expenses recognized by the Bancorp for its non-qualified defined contribution plan were $6 million, $5 million and $5 million for the years ended December 31, 2025, 2024 and 2023, respectively.
v3.25.4
Accumulated Other Comprehensive Income
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income
The tables below present the activity of the components of OCI and AOCI for the years ended December 31:
Total OCITotal AOCI
2025 ($ 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 the year		$1,383 (334)1,049 
Reclassification adjustment for net gains on available-for-sale debt
   securities included in net income		— — — 
Net unrealized losses on available-for-sale debt securities1,383 (334)1,049 (3,280)1,049 (2,231)
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income123 (26)97 
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities123 (26)97 (684)97 (587)
Unrealized holding gains on cash flow hedge derivatives arising
   during the year		317 (76)241 
Reclassification adjustment for net losses on cash flow hedge
   derivatives included in net income		181 (43)138 
Net unrealized losses on cash flow hedge derivatives498 (119)379 (654)379 (275)
Net actuarial loss arising during the year(2)— (2)
Reclassification of amounts to net periodic benefit costs3 — 3 
Defined benefit pension plans, net1 — 1 (16)1 (15)
Other— — — (2)— (2)
Total$2,005 (479)1,526 (4,636)1,526 (3,110)

Total OCITotal AOCI
2024 ($ 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 the year		$27 (12)15 
Unrealized losses on available-for-sale debt securities transferred to
   held-to-maturity securities		994 (209)785 
Reclassification adjustment for net losses on available-for-sale debt
   securities included in net income		18 (4)14 
Net unrealized losses on available-for-sale debt securities1,039 (225)814 (4,094)814 (3,280)
Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities(994)209 (785)
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income129 (28)101 
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities(865)181 (684)— (684)(684)
Unrealized holding losses on cash flow hedge derivatives arising
   during the year		(724)172 (552)
Reclassification adjustment for net losses on cash flow hedge
   derivatives included in net income		351 (81)270 
Net unrealized losses on cash flow hedge derivatives(373)91 (282)(372)(282)(654)
Net actuarial loss arising during the year(2)— (2)
Reclassification of amounts to net periodic benefit costs3 — 3 
Defined benefit pension plans, net1 — 1 (17)1 (16)
Other2 — 2 (4)2 (2)
Total$(196)47 (149)(4,487)(149)(4,636)
Total OCITotal AOCI
2023 ($ 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 the year		$656 (162)494 
Reclassification adjustment for net losses on available-for-sale debt
    securities included in net income		1 — 1 
Net unrealized losses on available-for-sale debt securities657 (162)495 (4,589)495 (4,094)
Unrealized holding losses on cash flow hedge derivatives arising
    during the year		(171)40 (131)
Reclassification adjustment for net losses on cash flow hedge
    derivatives included in net income		334 (77)257 
Net unrealized losses on cash flow hedge derivatives163 (37)126 (498)126 (372)
Net actuarial loss arising during the year(1)— (1)
Reclassification of amounts to net periodic benefit costs4 (1)3 
Defined benefit pension plans, net3 (1)2 (19)2 (17)
Other— — — (4)— (4)
Total$823 (200)623 (5,110)623 (4,487)

The table below presents reclassifications out of AOCI for the years ended December 31:
($ in millions)Consolidated Statements of
Income Caption		202520242023
Net unrealized losses on available-for-sale debt securities:(a)
Net losses included in net incomeSecurities gains, net$— (18)(1)
Income before income taxes— (18)(1)
Applicable income tax expense— 4 — 
Net income— (14)(1)
Net unrealized losses on available-for-sale debt securities
transferred to held-to-maturity securities:(a)
Net losses included in net incomeInterest on securities(123)(129)— 
Income before income taxes(123)(129)— 
Applicable income tax expense26 28 — 
Net income(97)(101)— 
Net unrealized losses on cash flow hedge derivatives:(a)
Interest rate contracts related to C&I, commercial mortgage and commercial construction loansInterest and fees on loans and leases(181)(351)(334)
Income before income taxes(181)(351)(334)
Applicable income tax expense43 81 77 
Net income(138)(270)(257)
Net periodic benefit costs:(a)
Amortization of net actuarial loss
Compensation and benefits(b)
(2)(2)(2)
Settlements
Compensation and benefits(b)
(1)(1)(2)
Income before income taxes(3)(3)(4)
Applicable income tax expense— — 1 
Net income(3)(3)(3)
Other:(a)
Net losses included in net income
Other noninterest expense
— (2)— 
Income before income taxes
— (2)— 
Applicable income tax expense
— — — 
Net income
— (2)— 
Total reclassifications for the periodNet income$(238)(390)(261)
(a)Amounts in parentheses indicate reductions to net income.
(b)This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 22 for further information.
v3.25.4
Common, Preferred and Treasury Stock
 12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Common, Preferred and Treasury Stock Common, Preferred and Treasury Stock
The table below presents a summary of the share activity within common, preferred and treasury stock for the years ended:
Common StockPreferred StockTreasury Stock
($ in millions, except share data)ValueSharesValueSharesValueShares
December 31, 2022$2,051 923,892,581 $2,116 278,000$(7,103)240,506,701 
Shares acquired for treasury— — — — (201)5,589,996 
Impact of stock transactions under stock
   compensation plans, net		— — — — 42 (3,328,926)
December 31, 2023$2,051 923,892,581 $2,116 278,000$(7,262)242,767,771 
Shares acquired for treasury— — — — (630)15,043,170 
Impact of stock transactions under stock
   compensation plans, net		— — — — 52 (3,772,190)
December 31, 2024$2,051 923,892,581 $2,116 278,000$(7,840)254,038,751 
Redemption of preferred stock, Series L— — (346)(14,000)— — 
Shares acquired for treasury— — — —(529)12,171,734 
Impact of stock transactions under stock
   compensation plans, net		— — — — 63 (3,515,691)
December 31, 2025$2,051 923,892,581 $1,770 264,000$(8,306)262,694,794 

Preferred Stock—Series L
On September 30, 2025, the Bancorp redeemed all 14,000 outstanding shares of its 4.500% fixed-rate reset non-cumulative perpetual preferred stock, Series L, and the corresponding depositary shares, pursuant to its terms and conditions. Prior to the redemption, the dividend rate on the Series L preferred stock was set to reach its first dividend reset date at which time the dividend would have reset to the five-year U.S. Treasury rate plus 4.215%. The redemption of the Series L preferred stock resulted in a reduction to net income available to common shareholders of $4 million, which was recognized as incremental dividends on preferred stock in the Bancorp’s Consolidated Statements of Income.

Preferred Stock—Series K
On September 17, 2019, the Bancorp issued, in a registered public offering 10,000,000 depositary shares, representing 10,000 shares of 4.95% non-cumulative Series K perpetual preferred stock, for net proceeds of approximately $242 million. Each preferred share has a $25,000 liquidation preference. Subject to any required regulatory approval, the Bancorp may redeem the Series K preferred shares at its option in whole or in part, on any dividend payment date on or after September 30, 2024 and may redeem in whole, but not in part, at any time following a regulatory capital event. The Series K preferred shares are not convertible into Bancorp common shares or any other securities.

Preferred Stock—Class B, Series A
On August 26, 2019, the Bancorp issued 200,000 shares of 6.00% non-cumulative perpetual Class B preferred stock, Series A. Each preferred share has a $1,000 liquidation preference. These shares were issued to the holders of MB Financial, Inc.’s 6.00% non-cumulative perpetual preferred stock, Series C, in conjunction with the merger of MB Financial, Inc. with and into Fifth Third Bancorp. The newly issued shares of Class B preferred stock, Series A were recognized by the Bancorp at the carrying value previously assigned to the MB Financial, Inc. Series C preferred stock prior to the transaction. Subject to any required regulatory approval, the Bancorp may redeem the shares of Class B preferred stock, Series A at its option, in whole or in part, at any time on any dividend payment due date and may redeem, in whole but not in part, within 90 days following a regulatory capital treatment event.

Preferred Stock—Series J
On June 5, 2014, the Bancorp issued, in a registered public offering, 300,000 depositary shares, representing 12,000 shares of 4.90% fixed to floating-rate non-cumulative Series J perpetual preferred stock, for net proceeds of $297 million. Each preferred share has a $25,000 liquidation preference. The preferred stock accrued dividends, on a non-cumulative semi-annual basis, at an annual rate of 4.90% through but excluding September 30, 2019, at which time it converted to a quarterly floating-rate dividend of three-month LIBOR plus 3.129%. Pursuant to LIBOR transition, it later converted from a reference rate of three-month LIBOR to a reference rate of three-month CME Term SOFR on September 30, 2023. Following this conversion, the quarterly floating-rate dividend is three-month CME Term SOFR plus 3.129% plus the tenor spread adjustment of 0.26161%. Subject to any required regulatory approval, the Bancorp may redeem the Series J preferred shares at its option, in whole or in part, at any time. The Series J preferred shares are not convertible into Bancorp common shares or any other securities.

Preferred Stock—Series I
On December 9, 2013, the Bancorp issued, in a registered public offering, 18,000,000 depositary shares, representing 18,000 shares of 6.625% fixed to floating-rate non-cumulative Series I perpetual preferred stock, for net proceeds of $441 million. Each preferred share has a $25,000 liquidation preference. The preferred stock accrued dividends, on a non-cumulative quarterly basis, at an annual rate of 6.625% through but excluding December 31, 2023, at which time it converted to a quarterly floating-rate dividend of three-month CME Term SOFR
plus 3.71% plus the tenor spread adjustment of 0.26161%. Subject to any required regulatory approval, the Bancorp may redeem the Series I preferred shares at its option in whole or in part, at any time. The Series I preferred shares are not convertible into Bancorp common shares or any other securities.

Preferred Stock—Series H
On May 16, 2013, the Bancorp issued, in a registered public offering, 600,000 depositary shares, representing 24,000 shares of 5.10% fixed to floating-rate non-cumulative Series H perpetual preferred stock, for net proceeds of $593 million. Each preferred share has a $25,000 liquidation preference. The preferred stock accrued dividends, on a non-cumulative semi-annual basis, at an annual rate of 5.10% through but excluding June 30, 2023, at which time it converted to a quarterly floating-rate dividend of three-month LIBOR plus 3.033%. Pursuant to LIBOR transition, it later converted from a reference rate of three-month LIBOR to a reference rate of three-month CME Term SOFR on September 30, 2023. Following this conversion, the quarterly floating-rate dividend is three-month CME Term SOFR plus 3.033% plus the tenor spread adjustment of 0.26161%. Subject to any required regulatory approval, the Bancorp may redeem the Series H preferred shares at its option in whole or in part, at any time. The Series H preferred shares are not convertible into Bancorp common shares or any other securities.

Treasury Stock
On June 13, 2025, the Bancorp’s Board of Directors authorized management to repurchase up to 100 million common shares in the open market or in privately negotiated transactions and to utilize any derivative or similar instrument to effect share repurchase transactions.

The Bancorp entered into and settled accelerated share repurchase transactions during the years ended December 31, 2025 and 2024. As part of these transactions, the Bancorp entered into forward contracts in which the final number of shares delivered at settlement was based on a discount to the average daily volume-weighted average price of the Bancorp’s common stock during the respective terms of each repurchase agreement. Each accelerated share repurchase was treated as two separate transactions: (i) the repurchase of treasury shares on the repurchase date and (ii) a forward contract indexed to the Bancorp’s common stock.

The following table presents a summary of the Bancorp’s accelerated share repurchase transactions that were entered into and settled during the years ended December 31, 2025 and 2024:
Repurchase DateAmount  ($ in millions)Shares Repurchased on Repurchase DateShares Received from Forward Contract  SettlementTotal Shares RepurchasedFinal Settlement Date
June 12, 2024$125 3,011,621 496,767 3,508,388 June 27, 2024
July 23, 2024200 4,160,548 713,340 4,873,888 August 5, 2024
October 22, 2024300 5,879,640 781,254 6,660,894 December 18, 2024
January 23, 2025225 4,353,517 888,865 5,242,382 March 5, 2025
July 21, 2025(a)
300 5,926,098 1,003,254 6,929,352 September 29, 2025
(a)This accelerated share repurchase transaction consisted of two supplemental confirmations, each with a notional amount of $150 million.

The Bancorp increased the cost basis of shares repurchased during the years ended December 31, 2025 and 2024 by $4 million and $5 million, respectively, as a result of the excise tax on share repurchases.

Refer to Note 32 for further information on a subsequent event related to common stock and preferred stock.
v3.25.4
Stock-Based Compensation
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Stock-based awards are eligible for issuance under the Bancorp’s Incentive Compensation Plan to executives, directors and key employees of the Bancorp and its subsidiaries. The 2024 Incentive Compensation Plan, which was approved by shareholders on April 16, 2024 and amended by the Human Capital and Compensation Committee on June 9, 2025, authorized the issuance of up to 55 million shares as equity compensation. The plan authorizes the issuance of RSUs, SARs, stock options, performance share or unit awards, restricted stock awards, dividend or dividend equivalent rights and stock awards. SARs have not been issued since 2024 and stock options have not been issued since 2008 as employee compensation under the Bancorp’s Incentive Compensation Plan. All outstanding stock options are as a result of replacement awards from acquisitions. As of December 31, 2025, there were 45.6 million shares available for future issuance. Based on total stock-based awards outstanding (including RSUs, SARs, stock options and PSAs) and shares remaining for future grants under the 2024 Incentive Compensation Plan, the potential dilution to which the Bancorp’s common shareholders are exposed due to the potential that stock-based compensation will be awarded to executives, directors or key employees of the Bancorp and its subsidiaries is 9%. RSUs, SARs, stock options and PSAs outstanding represent 2% of the Bancorp’s issued shares at December 31, 2025.

All of the Bancorp’s stock-based awards are to be settled with stock. The Bancorp has historically used treasury stock to settle stock-based awards, when available. RSUs are typically released after three or four years or ratably over three or four years of continued employment and receive dividend equivalents. Dividend equivalents are accrued and paid in cash when the underlying shares are distributed, except for certain RSUs which have the rights to receive dividend equivalents paid in cash at each dividend payment date. SARs, issued at fair value based on the closing price of the Bancorp’s common stock on the date of grant, have terms up to ten years and vest and typically become exercisable ratably over a three year period of continued employment or as set forth in the grant agreement. The Bancorp does not grant discounted SARs or stock options, re-price previously granted SARs or stock options or grant reload stock options. Stock options were previously issued at fair value based on the closing price of the Bancorp’s common stock on the date of grant, had up to ten year terms and vested and became fully exercisable ratably over a three or four-year period of continued employment. For PSAs that are eligible to receive dividend equivalents, the accrued cash dividends are adjusted by the payout percentage achieved on the underlying awards. PSAs have three-year cliff vesting terms with performance conditions as defined by the plan. All of the Bancorp’s executive stock-based awards contain an annual performance hurdle of 2% return on tangible common equity. If this threshold is not met in any one of the three years during the performance period, one-third of PSAs are forfeited. Additionally, if this threshold is not met, all RSUs and SARs that would vest in the next year may also be forfeited at the discretion of the Human Capital and Compensation Committee of the Board of Directors. The Bancorp met this threshold as of December 31, 2025.

Stock-based compensation expense was $163 million, $164 million and $169 million for the years ended December 31, 2025, 2024 and 2023, respectively, and is included in compensation and benefits expense in the Consolidated Statements of Income. The total related income tax benefit recognized was $34 million, $34 million and $35 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Restricted Stock Units
The total grant-date fair value of RSUs that were released during the years ended December 31, 2025, 2024 and 2023 was $154 million, $141 million and $130 million, respectively. At December 31, 2025, there was $153 million of stock-based compensation expense related to outstanding RSUs not yet recognized. The expense is expected to be recognized over an estimated remaining weighted-average period at December 31, 2025 of 2.2 years.

The following table summarizes RSUs activity for the years ended December 31:
202520242023
RSUs (in thousands, except per unit data)Units Weighted-Average Grant-Date Fair Value Per UnitUnits Weighted-Average Grant-Date Fair Value Per UnitUnits Weighted-Average Grant-Date Fair Value Per Unit
Outstanding at January 110,764 $36.12 10,365 $37.63 9,906 $38.04 
Granted3,437 43.66 4,546 33.87 4,763 34.94 
Released(4,133)37.27 (3,751)37.54 (3,696)35.04 
Forfeited(411)37.43 (396)36.37 (608)38.75 
Outstanding at December 319,657 $38.23 10,764 $36.12 10,365 $37.63 
The following table summarizes outstanding RSUs by grant-date fair value per unit at December 31, 2025:
Outstanding RSUs
RSUs (in thousands)
Units
Weighted-Average 
Remaining Contractual Life (in years)
Under $25.00
304 0.1
$25.01-$30.00
321 0.3
$30.01-$35.00
3,188 1.1
$35.01-$40.00
2,017 0.7
$40.01-$45.00
3,114 1.6
$45.01 and over
713 0.2
All RSUs9,657 1.1

Stock Appreciation Rights
There were no SARs granted during the year ended December 31, 2025. For the years ended December 31, 2024 and 2023, the Bancorp used assumptions, which were evaluated and revised as necessary, in estimating the grant-date fair value of each SAR grant.

The weighted-average assumptions were as follows for the years ended December 31:
20242023
Expected life (in years)77
Expected volatility33 %31 
Expected dividend yield4.2 3.6 
Risk-free interest rate4.1 3.8 

The expected life was generally derived from historical exercise patterns and represented the amount of time that SARs granted were expected to be outstanding. The expected volatility was based on a combination of historical and implied volatilities of the Bancorp’s common stock. The expected dividend yield was based on annual dividends divided by the Bancorp’s stock price. Annual dividends were based on projected dividends, estimated using an expected long-term dividend payout ratio, over the estimated life of the awards. The risk-free interest rate for periods within the contractual life of the SARs was based on the U.S. Treasury yield curve in effect at the time of grant.

The grant-date fair value of SARs was measured using the Black-Scholes option-pricing model. The weighted-average grant-date fair value of SARs granted was $9.71 and $10.49 per share for the years ended December 31, 2024 and 2023, respectively. The total grant-date fair value of SARs that vested during each of the years ended December 31, 2025, 2024 and 2023 was $3 million.

At December 31, 2025, there was $1 million of stock-based compensation expense related to outstanding SARs not yet recognized. The expense is expected to be recognized over an estimated remaining weighted-average period at December 31, 2025 of 1.1 years.

The following table summarizes SARs activity for the years ended December 31:
202520242023
SARs (in thousands, except per share data)Number of
SARs		Weighted-
Average Grant
Price Per Share		Number of
SARs		Weighted-
Average Grant
Price Per Share		Number of
SARs		Weighted-
Average Grant
Price Per Share 
Outstanding at January 14,636 $26.80 7,331 $23.72 9,112 $22.22 
Granted— — 316 33.51 253 37.19 
Exercised(1,372)21.64 (3,010)20.01 (2,011)18.42 
Forfeited or expired— — (1)19.01 (23)40.36 
Outstanding at December 313,264 $28.96 4,636 $26.80 7,331 $23.72 
Exercisable at December 312,973 $28.42 4,063 $25.39 6,796 $22.44 
The following table summarizes outstanding and exercisable SARs by grant price per share at December 31, 2025:
Outstanding SARsExercisable SARs
SARs (in thousands, except per share data)Number of
SARs		Weighted-Average Grant Price Per ShareWeighted-
Average Remaining
Contractual Life
(in years)		Number of
SARs		Weighted-Average Grant Price Per ShareWeighted-
Average Remaining
Contractual Life
(in years)
$10.01-$20.00
759 $17.89 0.3759 $17.89 0.3
$20.01-$30.00
1,177 26.97 1.81,177 26.97 1.8
$30.01-$40.00
1,085 34.28 6.0794 34.19 5.4
Over $40.00
243 49.51 6.1243 49.51 6.1
All SARs3,264 $28.96 3.22,973 $28.42 2.7

Stock Options
There were no stock options granted during the years ended December 31, 2025, 2024 and 2023. The Bancorp generally utilizes the Black-Scholes option pricing model to measure the fair value of stock option grants.

The total intrinsic value of stock options exercised was $1 million, $2 million and $1 million for the years ended December 31, 2025, 2024 and 2023, respectively. Cash received from stock options exercised was $1 million, $2 million and $1 million for the years ended December 31, 2025, 2024 and 2023, respectively. No stock options vested during the years ended December 31, 2025, 2024 and 2023. As of December 31, 2025, the aggregate intrinsic value of both outstanding stock options and exercisable stock options was $1 million.

The following table summarizes stock options activity for the years ended December 31:
202520242023
Stock Options (in thousands, except per share data)  Number of OptionsWeighted-Average Exercise Price Per ShareNumber of OptionsWeighted-Average Exercise Price Per ShareNumber of OptionsWeighted-Average Exercise Price Per Share
Outstanding at January 195 $22.03 224 $21.45 312 $21.65 
Exercised(34)20.28 (129)21.03 (86)21.97 
Forfeited or expired— — — — (2)27.71 
Outstanding at December 3161 $23.01 95 $22.03 224 $21.45 
Exercisable at December 3161 $23.01 95 $22.03 224 $21.45 

The following table summarizes outstanding and exercisable stock options by exercise price per share at December 31, 2025:
Outstanding Stock OptionsExercisable Stock Options
Stock Options (in thousands, except per share data)Number of OptionsWeighted-Exercise Price Per ShareWeighted-Average Remaining Contractual Life (in years)Number of OptionsWeighted-Exercise Price Per ShareWeighted-Average Remaining Contractual Life (in years)
$10.01-$20.00
23 $18.41 0.223 $18.41 0.2
$20.01-$30.00
38 25.88 1.738 25.88 1.7
All stock options61 $23.01 1.161 $23.01 1.1

Other Stock-Based Compensation
PSAs are payable contingent upon the Bancorp achieving certain predefined performance targets over a three-year measurement period. Depending on performance, between zero and 1.3 million shares may be released to settle the PSAs outstanding at December 31, 2025 once the applicable performance periods are completed. Awards granted during the years ended December 31, 2025, 2024 and 2023 will be entirely settled in stock. The performance targets are based on the Bancorp’s performance relative to a defined peer group. PSAs use a performance-based metric based on return on average common equity in relation to peers. During the years ended December 31, 2025, 2024 and 2023, approximately 305 thousand, 295 thousand and 256 thousand PSAs, respectively, were granted by the Bancorp. These awards were granted at a weighted-average grant-date fair value of $44.35, $33.51 and $37.19 per unit during the years ended December 31, 2025, 2024 and 2023, respectively. During the years ended December 31, 2025, 2024 and 2023, approximately 409 thousand, 355 thousand and 395 thousand PSAs, respectively, were distributed to participants. These awards were distributed with a total grant date fair value of $19 million, $12 million and $12 million during the years ended December 31, 2025, 2024 and 2023, respectively.

The Bancorp sponsors an employee stock purchase plan that allows qualifying employees to purchase shares of the Bancorp’s common stock with a 15% match. During the years ended December 31, 2025, 2024 and 2023, there were approximately 471 thousand, 487 thousand and 768 thousand shares, respectively, purchased by participants. The Bancorp recognized expense of $3 million in the year ended December 31, 2025 and $2 million in both the years ended December 31, 2024 and 2023 related to this plan. This expense is included in compensation and
benefits expense in the Consolidated Statements of Income. As of December 31, 2025, there were approximately 14.2 million shares available for future issuance, which represents the remaining shares of Fifth Third common stock under the Bancorp’s 2024 Employee Stock Purchase Plan.
v3.25.4
Other Noninterest Income and Other Noninterest Expense
 12 Months Ended
Dec. 31, 2025
Noninterest Income [Abstract]  
Other Noninterest Income and Other Noninterest Expense Other Noninterest Income and Other Noninterest Expense
The following table presents the major components of other noninterest income and other noninterest expense for the years ended December 31:
($ in millions)202520242023
Other noninterest income:
BOLI income$74 6661
Equity method investment income31 1852
Private equity investment income26 3544
Income from the TRA associated with Worldpay, Inc.— 1122
Loss on swap associated with the sale of Visa, Inc. Class B Shares(45)(138)(94)
Other, net40 206
Total other noninterest income$126 1291
Other noninterest expense:
FDIC insurance and other taxes$114 181 385 
Data processing82 81 87 
Leasing business expense73 92 121 
Losses and adjustments68 86 91 
Dues and subscriptions66 61 61 
Travel63 60 56 
Donations63 28 30 
Securities recordkeeping57 55 50 
Professional service fees53 49 53 
Postal and courier49 48 46 
Other, net227 232 245 
Total other noninterest expense$915 973 1,225 
v3.25.4
Earnings Per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table provides the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share for the years ended December 31:
($ in millions, except per share data)202520242023
Net income available to common shareholders$2,376 2,155 2,212 
Average common shares outstanding - basic668 682 684 
Effect of dilutive stock-based awards5 5 4 
Average common shares outstanding - diluted673 687 688 
Earnings per share - basic$3.56 3.16 3.23 
Earnings per share - diluted3.53 3.14 3.22 
Anti-dilutive stock-based awards excluded from diluted shares1 1 6 
v3.25.4
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
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. For more information regarding the fair value hierarchy and how the Bancorp measures fair value, refer to Note 1.

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
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 $2, respectively, at December 31, 2025.
(b)Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.
(c)Included in other assets in the Consolidated Balance Sheets.
(d)Included in other liabilities in the Consolidated Balance Sheets.
Fair Value Measurements Using
December 31, 2024 ($ in millions)Level 1Level 2Level 3Total Fair Value
Assets:
   Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$4,360 — — 4,360 
Mortgage-backed securities:
Agency residential mortgage-backed securities— 5,681 — 5,681 
Agency commercial mortgage-backed securities— 20,832 — 20,832 
Non-agency commercial mortgage-backed securities— 4,167 — 4,167 
Asset-backed securities and other debt securities— 3,729 — 3,729 
Available-for-sale debt and other securities(a)
4,360 34,409 — 38,769 
Trading debt securities:
U.S. Treasury and federal agencies securities591 35 — 626 
Obligations of states and political subdivisions securities— 120 — 120 
Agency residential mortgage-backed securities— 10 — 10 
Asset-backed securities and other debt securities— 429 — 429 
Trading debt securities591 594 — 1,185 
Equity securities307 34 — 341 
Residential mortgage loans held for sale— 574 — 574 
Residential mortgage loans(b)
— — 108 108 
Servicing rights— — 1,704 1,704 
Derivative assets:
Interest rate contracts7 721 2 730 
Foreign exchange contracts— 1,167 — 1,167 
Commodity contracts75 500 — 575 
Derivative assets(c)
82 2,388 2 2,472 
Total assets$5,340 37,999 1,814 45,153 
Liabilities:
Derivative liabilities:
Interest rate contracts$— 939 5 944 
Foreign exchange contracts— 1,120 — 1,120 
Equity contracts— — 170 170 
Commodity contracts57 507 — 564 
Derivative liabilities(d)
57 2,566 175 2,798 
Short positions:
U.S. Treasury and federal agencies securities139 — — 139 
Asset-backed securities and other debt securities— 156 — 156 
Equity securities21 — — 21 
Short positions(d)
160 156 — 316 
Total liabilities$217 2,722 175 3,114 
(a)Excludes FHLB, FRB and DTCC restricted stock holdings totaling $276, $500 and $2, respectively, at December 31, 2024.
(b)Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.
(c)Included in other assets in the Consolidated Balance Sheets.
(d)Included in other liabilities in the Consolidated Balance Sheets.

The following is a description of 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.

Available-for-sale debt and other securities, trading debt securities and equity 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 and equity 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, obligations of states and political subdivisions securities, agency residential mortgage-backed securities, agency and non-agency commercial mortgage-backed securities, asset-backed securities and other debt securities and equity securities. These securities are generally valued using a market approach based on observable prices of securities with similar characteristics.

Residential mortgage loans held for sale
For residential mortgage loans held for sale for which the fair value election has been made, fair value is estimated based upon mortgage-backed securities prices and spreads to those prices or, for certain ARM loans, DCF models that may incorporate the anticipated portfolio
composition, credit spreads of asset-backed securities with similar collateral and market conditions. The anticipated portfolio composition includes the effect of interest rate spreads and discount rates due to loan characteristics such as the state in which the loan was originated, the loan amount and the ARM margin. Residential mortgage loans held for sale that are valued based on mortgage-backed securities prices are classified within Level 2 of the valuation hierarchy as the valuation is based on external pricing for similar instruments. ARM loans classified as held for sale are also classified within Level 2 of the valuation hierarchy due to the use of observable inputs in the DCF model. These observable inputs include interest rate spreads from agency mortgage-backed securities market rates and observable discount rates.

Residential mortgage loans
For residential mortgage loans for which the fair value election has been made, and that are reclassified from held for sale to held for investment, the fair value estimation is based on mortgage-backed securities prices, interest rate risk and an internally developed credit component. Therefore, these loans are transferred from Level 2 to Level 3 of the valuation hierarchy. An adverse change in the loss rate or severity assumption would result in a decrease in fair value of the related loans.

Servicing rights
MSRs do not trade in an active, open market with readily observable prices. While sales of MSRs do occur, the precise terms and conditions typically are not readily available. Accordingly, the Bancorp estimates the fair value of MSRs using internal OAS models with certain unobservable inputs, primarily prepayment speed assumptions, OAS and weighted-average lives, resulting in a classification within Level 3 of the valuation hierarchy. Refer to Note 13 for further information on the assumptions used in the valuation of the Bancorp’s MSRs.

Derivatives
Exchange-traded derivatives valued using quoted prices and certain over-the-counter derivatives valued using active bids are classified within Level 1 of the valuation hierarchy. Most of the Bancorp’s derivative contracts are valued using DCF or other models that incorporate current market interest rates, credit spreads assigned to the derivative counterparties and other market parameters and, therefore, are classified within Level 2 of the valuation hierarchy. Such derivatives include basic and structured interest rate, foreign exchange and commodity swaps and options. Derivatives that are valued based upon models with significant unobservable market parameters are classified within Level 3 of the valuation hierarchy. At December 31, 2025 and 2024, derivatives classified as Level 3, which are valued using models containing unobservable inputs, consisted primarily of a total return swap associated with the Bancorp’s sale of Visa, Inc. Class B Shares as well as IRLCs, which utilize internally generated loan closing rate assumptions as a significant unobservable input in the valuation process.

Under the terms of the total return swap, the Bancorp will make or receive payments based on subsequent changes in the conversion rate of the Visa, Inc. Class B Shares into Class A Shares. Additionally, the Bancorp will make a quarterly payment based on Visa’s stock price and the conversion rate of the Visa, Inc. Class B Shares into Class A Shares until the date on which the Covered Litigation is settled. The fair value of the total return swap was calculated using a DCF model based on unobservable inputs consisting of management’s estimate of the probability of certain litigation scenarios, the timing of the resolution of the Covered Litigation and Visa litigation loss estimates in excess, or shortfall, of the Bancorp’s proportional share of escrow funds.

An increase in the loss estimate or a delay in the resolution of the Covered Litigation would result in an increase in the fair value of the derivative liability; conversely, a decrease in the loss estimate or an acceleration of the resolution of the Covered Litigation would result in a decrease in the fair value of the derivative liability. Refer to Note 18 for additional information on the Covered Litigation.

Short positions
Where quoted prices are available in an active market, short positions are classified within Level 1 of the valuation hierarchy. Level 1 securities include U.S. Treasury securities and equity 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 and therefore are classified within Level 2 of the valuation hierarchy. Level 2 securities include federal agencies securities and asset-backed securities and other debt securities.
The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
For the year ended December 31, 2025 ($ in millions)Residential Mortgage LoansServicing
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)
Included in earnings6 (169)65 (45)(143)
Purchases/originations— 63 (2)— 61 
Settlements(12)— (59)91 20 
Transfers into Level 3(c)
4 — — — 4 
Balance, end of period$106 1,598 1 (124)1,581 
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 December 31, 2025
$6 (78)8 (45)(109)
(a)Net interest rate derivatives include derivative assets and liabilities of $5 and $4, respectively, as of December 31, 2025.
(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at December 31, 2025.
(c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
For the year ended December 31, 2024 ($ in millions)Residential Mortgage LoansServicing
Rights
Interest Rate
Derivatives,
Net(a)
Equity
Derivatives		Total Fair Value
Balance, beginning of period$116 1,737 — (168)1,685 
Total (losses) gains (realized/unrealized):(b)
Included in earnings(1)(77)41 (138)(175)
Purchases/originations— 49 (1)— 48 
Sales— (5)— — (5)
Settlements(11)— (43)136 82 
Transfers into Level 3(c)
4 — — — 4 
Balance, end of period$108 1,704 (3)(170)1,639 
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 December 31, 2024
$(1)14 6 (138)(119)
(a)Net interest rate derivatives include derivative assets and liabilities of $2 and $5, respectively, as of December 31, 2024.
(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at December 31, 2024.
(c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
For the year ended December 31, 2023 ($ in millions)Residential Mortgage LoansServicing
Rights
Interest Rate
Derivatives,
Net(a)
Equity
Derivatives		Total Fair Value
Balance, beginning of period$123 1,746 (1)(195)1,673 
Total (losses) gains (realized/unrealized):(b)
Included in earnings2 (105)53 (94)(144)
Purchases/originations— 96 (3)— 93 
Settlements(15)— (49)121 57 
Transfers into Level 3(c)
6 — — — 6 
Balance, end of period$116 1,737 — (168)1,685 
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 December 31, 2023
$2 (28)5 (94)(115)
(a)Net interest rate derivatives include $6 for both derivative assets and liabilities as of December 31, 2023.
(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at December 31, 2023.
(c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023 as follows:
($ in millions)202520242023
Mortgage banking net revenue$(101)(38)(54)
Capital markets fees3 2 4 
Other noninterest income(45)(139)(94)
Total losses$(143)(175)(144)

The total losses and gains included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at December 31, 2025, 2024 and 2023 were recorded in the Consolidated Statements of Income as follows:
($ in millions)202520242023
Mortgage banking net revenue$(67)18 (25)
Capital markets fees3 2 4 
Other noninterest income(45)(139)(94)
Total losses$(109)(119)(115)

The following tables present information as of December 31, 2025 and 2024 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 December 31, 2025 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable
Inputs		Range of InputsWeighted-Average
Residential mortgage loans$106 Loss rate modelInterest rate risk factor(52.0)-6.6%(9.4)%
(a)
Credit risk factor— -0.8%0.1 %
(a)
Servicing rights1,598 DCFPrepayment speed— -80.0%(Fixed)7.2 %
(b)
(Adjustable)19.5 %
(b)
OAS (bps)335-1,827(Fixed)441
(b)
(Adjustable)719
(b)
IRLCs, net5 DCFLoan closing rates19.9 -96.0%84.0 %
(c)
Swap associated with the sale of Visa, Inc. Class B Shares(124)DCFTiming of the resolution of the Covered LitigationQ4 2027-Q2 2029Q2 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 December 31, 2024 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable
Inputs		Range of InputsWeighted-Average
Residential mortgage loans$108 Loss rate modelInterest rate risk factor(51.9)-4.6%(13.3)%
(a)
Credit risk factor— -0.5%0.2 %
(a)
Servicing rights1,704 DCFPrepayment speed— -100.0%(Fixed)5.8 %
(b)
(Adjustable)16.9 %
(b)
OAS (bps)420-1,823(Fixed)459
(b)
(Adjustable)731
(b)
IRLCs, net2 DCFLoan closing rates20.8 -96.0%83.5 %
(c)
Swap associated with the sale of Visa, Inc. Class B Shares(170)DCFTiming of the resolution of the Covered LitigationQ2 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 December 31, 2025 and 2024, and for which a nonrecurring fair value adjustment was recorded during the years ended December 31, 2025 and 2024, 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) Gains
As of December 31, 2025 ($ in millions)Level 1Level 2Level 3TotalFor the year ended December 31, 2025
Commercial loans and leases$— — 146 146 (524)
Consumer and residential mortgage loans— — 235 235 (12)
OREO— — 4 4 8 
Bank premises and equipment— — 1 1 (1)
Private equity investments— 13 — 13 4 
Total$— 13 386 399 (525)
Fair Value Measurements UsingTotal (Losses) Gains
As of December 31, 2024 ($ in millions)Level 1Level 2Level 3TotalFor the year ended December 31, 2024
Commercial loans held for sale$— — 6 6 (1)
Commercial loans and leases— — 168 168 (245)
Consumer and residential mortgage loans— — 215 215 (17)
OREO— — 2 2 (2)
Bank premises and equipment— — 7 7 (1)
Private equity investments— 3 — 3 11 
Total$— 3 398 401 (255)

The following tables present information as of December 31, 2025 and 2024 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 December 31, 2025 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges of
Inputs		Weighted-Average
Commercial loans and leases$146 Appraised valueCollateral valueNMNM
Consumer and residential mortgage loans235 Appraised valueCollateral valueNMNM
OREO4 Appraised valueAppraised valueNMNM
Bank premises and equipment1 Appraised valueAppraised valueNMNM
As of December 31, 2024 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable Inputs
Ranges of  
Inputs
Weighted-Average
Commercial loans held for sale$6 Comparable company analysisMarket comparable transactionsNMNM
Commercial loans and leases168 Appraised valueCollateral valueNMNM
Consumer and residential mortgage loans215 Appraised valueCollateral valueNMNM
OREO2 Appraised valueAppraised valueNMNM
Bank premises and equipment7 Appraised valueAppraised valueNMNM

Commercial loans held for sale
The Bancorp estimated the fair value of certain commercial loans held for sale during the year ended December 31, 2024. These valuations were based on appraisals of the underlying collateral or by applying unobservable inputs such as an estimated market discount to the unpaid principal balance of the loans or the appraised value of the assets (Level 3 of the valuation hierarchy).

Portfolio loans and leases
During the years ended December 31, 2025 and 2024, the Bancorp recorded nonrecurring adjustments to certain portfolio loans and leases. These valuations were based on appraisals of the underlying collateral or by applying unobservable inputs such as an estimated market discount to the unpaid principal balance of the loans or the appraised value of the assets (Level 3 of the valuation hierarchy).

OREO
During the years ended December 31, 2025 and 2024, the Bancorp recorded nonrecurring adjustments to certain commercial and residential real estate properties and branch-related real estate no longer intended to be used for banking purposes classified as OREO and measured at the lower of carrying amount or fair value. These nonrecurring adjustments were primarily due to changes in real estate values of the properties recognized upon the transfer, or subsequent to the transfer, to OREO as well as gains or losses upon the sale of OREO. The fair
value amounts are generally based on appraisals of the property values, resulting in a classification within Level 3 of the valuation hierarchy. In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized.

Bank premises and equipment
The Bancorp performs assessments of the recoverability of long-lived assets when events or changes in circumstances indicate that their carrying values may not be recoverable. These properties were written down to their lower of cost or market values. At least annually thereafter, the Bancorp will review these properties for market fluctuations. The fair value amounts were generally based on appraisals of the property values, resulting in a classification within Level 3 of the valuation hierarchy.

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 recognized gains of $4 million and $11 million during the years ended December 31, 2025 and 2024, respectively, resulting from observable price changes. The carrying value of the Bancorp’s private equity investments still held as of December 31, 2025 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.

For private equity investments which are accounted for using the measurement alternative to fair value, the Bancorp qualitatively evaluates each investment quarterly to determine if impairment may exist. If necessary, the Bancorp then measures impairment by estimating the value of its investment and comparing that to the investment’s carrying value, whether or not the Bancorp considers the impairment to be temporary. These valuations are typically developed using a DCF method, but other methods may be used if more appropriate for the circumstances. These valuations are based on unobservable inputs and therefore are classified in Level 3 of the fair value hierarchy. The Bancorp recognized an immaterial amount of impairment charges on its private equity investments during the year ended December 31, 2025 and did not recognize impairment charges during the year ended December 31, 2024. The carrying value of the Bancorp’s private equity investments still held as of December 31, 2025 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 December 31, 2025 and 2024 for which the fair value option was elected included losses of $42 million and $11 million, respectively. These changes are reported in mortgage banking net revenue in the 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 December 31, 2025 and 2024. 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 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:
December 31, 2025 ($ in millions)Aggregate  Fair ValueAggregate Unpaid Principal Balance
Residential mortgage loans measured at fair value$764 758 
Past due loans of 30-89 days2 2 
Nonaccrual loans4 4 
December 31, 2024
Residential mortgage loans measured at fair value$682 693 
Past due loans of 30-89 days1 1 
Past due loans of 90 days or more1 1 
Nonaccrual loans2 2 
Fair Value of Certain Financial Instruments
The following tables summarize the carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments measured at fair value on a recurring basis:
Net Carrying
Fair Value Measurements Using
Total
As of December 31, 2025 ($ in millions)AmountLevel 1Level 2Level 3Fair Value
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$171,819 — 171,899 — 171,899 
Short-term borrowings926 226 700 — 926 
Long-term debt13,579 5,067 8,938 — 14,005 
Net Carrying
Fair Value Measurements Using
Total
As of December 31, 2024 ($ in millions)AmountLevel 1Level 2Level 3Fair Value
Financial assets:
Cash and due from banks$3,014 3,014 — — 3,014 
Other short-term investments17,120 17,120 — — 17,120 
Other securities778 — 778 — 778 
Held-to-maturity securities11,278 2,344 8,619 2 10,965 
Loans and leases held for sale66 — — 66 66 
Portfolio loans and leases:
Commercial loans and leases72,139 — — 72,319 72,319 
Consumer and residential mortgage loans45,192 — — 42,155 42,155 
Total portfolio loans and leases, net$117,331 — — 114,474 114,474 
Financial liabilities:
Deposits$167,252 — 167,353 — 167,353 
Short-term borrowings4,654 204 4,459 — 4,663 
Long-term debt14,440 3,753 10,835 — 14,588 
v3.25.4
Regulatory Capital Requirements and Capital Ratios
 12 Months Ended
Dec. 31, 2025
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Regulatory Capital Requirements and Capital Ratios Regulatory Capital Requirements and Capital Ratios
The Board of Governors of the Federal Reserve System issued capital adequacy guidelines pursuant to which it assesses the adequacy of capital in examining and supervising a BHC. These guidelines include quantitative measures that assign risk weightings to certain on- and off-balance sheet exposures and define and set minimum regulatory capital requirements as well as the measure of well-capitalized status. Additionally, the U.S. banking agencies issued similar guidelines for minimum regulatory capital requirements and well-capitalized measurements for banking subsidiaries.

Failure to meet the minimum capital requirements or falling below the well-capitalized measure can initiate certain actions by regulators that could have a direct material effect on the Consolidated Financial Statements of the Bancorp. The Bancorp is subject to the stress capital buffer requirement and must maintain capital ratios above its buffered minimum (regulatory minimum plus stress capital buffer) in order to avoid certain limitations on capital distributions and discretionary bonuses to executive officers. The FRB uses the supervisory stress test to determine the Bancorp’s stress capital buffer, subject to a floor of 2.5%. At both December 31, 2025 and 2024, the Bancorp’s stress capital buffer requirement was 3.2%. The Bancorp’s capital ratios have exceeded the buffered minimum for all periods presented.

The Bancorp and its banking subsidiary, Fifth Third Bank, National Association, had CET1 risk-based capital, Tier 1 risk-based capital, Total risk-based capital and Leverage ratios above the well-capitalized levels at both December 31, 2025 and 2024. To continue to qualify for financial holding company status pursuant to the Gramm-Leach-Bliley Act of 1999, the Bancorp’s banking subsidiary must, among other things, maintain well-capitalized capital ratios.

The following table presents the prescribed capital ratios as well as the actual ratios and amounts for the Bancorp and Bank as of December 31:
Regulatory Ratio Requirements2025
2024(a)
($ in millions)MinimumWell-CapitalizedRatioAmountRatioAmount
CET1 risk-based capital:
Fifth Third Bancorp4.50 %N/A10.81 %$18,099 10.57 %$17,339 
Fifth Third Bank, National Association4.50 6.50 13.09 21,766 12.86 20,943 
Tier 1 risk-based capital:
Fifth Third Bancorp6.00 6.00 11.87 19,869 11.86 19,455 
Fifth Third Bank, National Association6.00 8.00 13.09 21,766 12.86 20,943 
Total risk-based capital:
Fifth Third Bancorp8.00 10.00 13.78 23,066 13.86 22,746 
Fifth Third Bank, National Association8.00 10.00 14.33 23,833 14.19 23,116 
Leverage:(b)
Fifth Third Bancorp4.00 N/A9.41 19,869 9.22 19,455 
Fifth Third Bank, National Association4.00 5.00 10.41 21,766 10.02 20,943 
(a)Regulatory capital ratios and amounts as of December 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital. This has been fully phased in as of January 1, 2025.
(b)Quarterly average assets are a component of the leverage ratio and, for this purpose, do not include goodwill or any other assets that the U.S. banking agencies determine should be deducted from Tier 1 capital.
v3.25.4
Parent Company Financial Statements
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Parent Company Financial Statements Parent Company Financial Statements
Condensed Statements of Income (Parent Company Only)
For the years ended December 31 ($ in millions)202520242023
Income
Dividends from consolidated nonbank subsidiaries(a)
$2,185 1,800 1,819 
Securities gains, net2 3 4 
Interest 116 85 63 
Total income2,303 1,888 1,886 
Expenses
Interest517 553 525 
Other36 27 39 
Total expenses553 580 564 
Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries1,750 1,308 1,322 
Applicable income tax benefit(98)(115)(112)
Income Before Equity in Undistributed Earnings of Subsidiaries1,848 1,423 1,434 
Equity in undistributed earnings674 891 915 
Net Income$2,522 2,314 2,349 
Other Comprehensive Income— — — 
Comprehensive Income$2,522 2,314 2,349 
(a)Includes dividends paid by the Bancorp’s indirect banking and nonbanking subsidiaries to the Bancorp’s direct nonbank subsidiary holding company of $2.2 billion for the year ended December 31, 2025 and $1.8 billion for both the years ended December 31, 2024 and 2023.

Condensed Balance Sheets (Parent Company Only)
As of December 31 ($ in millions)20252024
Assets
Cash$974 969 
Other short-term investments2,213 3,106 
Available-for-sale debt and other securities2,500 2,500 
Equity securities26 29 
Loans to nonbank subsidiaries— 5 
Investment in nonbank subsidiaries25,253 22,891 
Goodwill80 80 
Other assets125 156 
Total Assets$31,171 29,736 
Liabilities
Short-term borrowings$3 3 
Accrued expenses and other liabilities558 567 
Long-term debt (external)8,886 9,521 
Total Liabilities$9,447 10,091 
Equity
Common stock$2,051 2,051 
Preferred stock1,770 2,116 
Capital surplus3,831 3,804 
Retained earnings25,488 24,150 
Accumulated other comprehensive loss(3,110)(4,636)
Treasury stock(8,306)(7,840)
Total Equity21,724 19,645 
Total Liabilities and Equity$31,171 29,736 
Condensed Statements of Cash Flows (Parent Company Only)   
For the years ended December 31 ($ in millions)202520242023
Operating Activities   
Net income$2,522 2,314 2,349 
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and accretion7 7 7 
Provision for deferred income taxes1 2 1 
Securities gains, net(2)(3)(4)
Equity in undistributed earnings(674)(891)(915)
Net change in:
Equity securities5 8 4 
Other assets128 (49)147 
Accrued expenses and other liabilities(19)(60)(126)
Net Cash Provided by Operating Activities1,968 1,328 1,463 
Investing Activities
Proceeds from maturities of securities issued by subsidiary2,500 1,000 1,000 
Purchase of securities issued by subsidiary(2,500)(2,500)(1,000)
Net change in:
Other short-term investments893 3,394 (833)
Loans to nonbank subsidiaries5 (5)60 
Other(2)— — 
Net Cash Provided by (Used in) Investing Activities896 1,889 (773)
Financing Activities
Net change in short-term borrowings
— 3 (121)
Proceeds from issuance of long-term debt— 1,742 1,244 
Repayment of long-term debt(750)(2,250)(500)
Dividends paid on common and preferred stock(1,163)(1,176)(1,060)
Repurchase of treasury stock and related forward contract(525)(625)(200)
Redemption of preferred stock, Series L(350)— — 
Other, net(71)(62)(53)
Net Cash Used in Financing Activities(2,859)(2,368)(690)
Increase in Cash5 849 — 
Cash at Beginning of Period969 120 120 
Cash at End of Period$974 969 120 
v3.25.4
Business Segments
 12 Months Ended
Dec. 31, 2025
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.

The Bancorp’s methodology for allocating provision for credit losses to the segments includes charges or benefits associated with changes in criticized commercial loan levels in addition to actual net charge-offs experienced by the loans and leases owned by each segment. Provision for credit losses attributable to loan and lease growth and changes in ALLL factors is captured in General Corporate and Other. The financial results of the segments also include allocations for shared services and headquarters expenses, which are included within other noninterest expense. Additionally, the segments form synergies by taking advantage of relationship depth opportunities and funding operations by accessing the capital markets as a collective unit.

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, motorcycle dealers, powersport 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 years ended December 31:
2025 ($ in millions)Commercial
Banking		Consumer and Small Business BankingWealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$2,323 4,168 213 (702)6,002 
Provision for (benefit from) credit losses451 325 (2)(112)662 
Net interest income after provision for (benefit from) credit losses$1,872 3,843 215 (590)5,340 
Noninterest income:
Wealth and asset management revenue$2 279 422 1 704 
Commercial payments revenue553 87 1 (11)630 
Consumer banking revenue— 569 2 — 571 
Capital markets fees412 2 2 (1)415 
Commercial banking revenue344 4 1 — 349 
Mortgage banking net revenue— 226 1 — 227 
Other noninterest income59 26 2 39 126 
Securities gains (losses), net(7)— — 20 13 
Total noninterest income$1,363 1,193 431 48 3,035 
Noninterest expense:
Compensation and benefits$637 935 226 1,017 2,815 
Technology and communications15 32 — 469 516 
Net occupancy expense36 217 13 83 349 
Equipment expense31 58 — 80 169 
Loan and lease expense38 83 1 24 146 
Marketing expense4 91 1 46 142 
Card and processing expense18 72 2 — 92 
Other noninterest expense(b)
1,114 1,103 151 (1,453)915 
Total noninterest expense$1,893 2,591 394 266 5,144 
Income (loss) before income taxes (FTE)(a)
$1,342 2,445 252 (808)3,231 
Average assets$77,765 56,107 4,832 72,779 211,483 
(a)Includes FTE adjustments of $11 for Commercial Banking and $9 for General Corporate and Other.
(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.
2024 ($ in millions)Commercial BankingConsumer and Small Business BankingWealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$2,544 4,272 210 (1,372)5,654 
Provision for (benefit from) credit losses304 322 — (96)530 
Net interest income after provision for (benefit from) credit losses$2,240 3,950 210 (1,276)5,124 
Noninterest income:
Wealth and asset management revenue$3 247 397 — 647 
Commercial payments revenue519 86 1 2 608 
Consumer banking revenue— 551 2 2 555 
Capital markets fees420 3 2 (1)424 
Commercial banking revenue373 4 — — 377 
Mortgage banking net revenue— 210 1 — 211 
Other noninterest income52 5 1 (46)12 
Securities gains, net1 — — 14 15 
Total noninterest income$1,368 1,106 404 (29)2,849 
Noninterest expense:
Compensation and benefits$643 895 222 1,003 2,763 
Technology and communications14 30 1 429 474 
Net occupancy expense34 214 12 79 339 
Equipment expense28 51 — 74 153 
Loan and lease expense29 82 1 20 132 
Marketing expense3 68 1 43 115 
Card and processing expense9 75 1 (1)84 
Other noninterest expense(b)
1,087 1,104 149 (1,367)973 
Total noninterest expense$1,847 2,519 387 280 5,033 
Income (loss) before income taxes (FTE)(a)
$1,761 2,537 227 (1,585)2,940 
Average assets$76,463 52,341 4,390 79,612 212,806 
(a)Includes FTE adjustments of $15 for Commercial Banking and $9 for General Corporate and Other.
(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.
2023 ($ in millions)Commercial
Banking		Consumer and Small Business BankingWealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$3,693 5,342 360 (3,543)5,852 
Provision for credit losses12 303 1 199 515 
Net interest income after provision for credit losses$3,681 5,039 359 (3,742)5,337 
Noninterest income:
Wealth and asset management revenue$2 216 363 — 581 
Commercial payments revenue464 94 1 5 564 
Consumer banking revenue— 544 2 — 546 
Capital markets fees418 3 1 — 422 
Commercial banking revenue406 2 — 1 409 
Mortgage banking net revenue— 250 — — 250 
Other noninterest income64 7 2 18 91 
Securities gains (losses), net(9)— — 27 18 
Total noninterest income$1,345 1,116 369 51 2,881 
Noninterest expense:
Compensation and benefits$642 890 220 942 2,694 
Technology and communications14 27 1 422 464 
Net occupancy expense40 210 12 69 331 
Equipment expense29 44 — 75 148 
Loan and lease expense29 87 1 16 133 
Marketing expense3 70 1 52 126 
Card and processing expense11 76 1 (4)84 
Other noninterest expense(b)
1,194 1,152 139 (1,260)1,225 
Total noninterest expense$1,962 2,556 375 312 5,205 
Income (loss) before income taxes (FTE)(a)
$3,064 3,599 353 (4,003)3,013 
Average assets$82,392 51,660 4,678 69,696 208,426 
(a)Includes FTE adjustments of $16 for Commercial Banking and $9 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.
v3.25.4
Business Combination
 12 Months Ended
Dec. 31, 2025
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 approximately 352 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.

As of December 31, 2025, Comerica reported total assets of approximately $80 billion, including $51 billion of loans, and approximately $72 billion of liabilities, including $65 billion of deposits.

The acquisition of Comerica constituted a business combination and will be accounted for under the acquisition method of accounting. Accordingly, the purchase price will be allocated to the assets acquired and liabilities assumed primarily based on their fair values as of the acquisition date. The determination of fair value requires management to make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly subjective in nature and are subject to change. Given the close proximity between the transaction closing date and the filing of the Bancorp’s Annual Report on Form 10-K, the preliminary purchase price allocation is not yet complete, and it is impracticable to disclose the preliminary purchase price allocation or supplemental unaudited pro forma financial information. Management expects to complete the initial accounting for this merger, including the purchase price allocation, by the filing of the Bancorp’s Quarterly Report on Form 10-Q for the period ending March 31, 2026.
v3.25.4
Subsequent Event
 12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
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.
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
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
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
The Bancorp recognizes the importance of maintaining a cybersecurity risk management system designed to reduce the risks that cybersecurity threats pose to financial institutions. As such, the Bancorp has adopted proactive and defensive safeguards intended to better protect the Bancorp’s information assets and supporting infrastructures from technology-related attacks. The Bancorp’s Board of Directors and management oversee its information security and cybersecurity risk management programs. As further discussed below, the Bancorp has established various programs, policies and procedures which are designed to proactively protect information assets. However, not all incidents can be prevented. As a result, the Bancorp has also established various policies and procedures governing how to respond to security incidents, with the objective of minimizing any potential impacts. As of December 31, 2025, the Bancorp is not aware of any cybersecurity incidents that have materially affected or are reasonably likely to materially affect Fifth Third, including its business strategies, financial condition or results of operations. Despite the comprehensive approach to cybersecurity risk management described below, the Bancorp may not be successful in preventing or mitigating the impact of a cybersecurity incident that could have a material impact on its business, financial condition or results of operations. See Item 1A. (Risk Factors) of this Annual Report for a discussion of cybersecurity risks.

Risk Assessment and Management
The Bancorp maintains a variety of programs and policies to support the management of cybersecurity risk within the organization with a focus on prevention, detection and response processes. These programs and policies leverage frameworks and controls from the National Institute of Standards and Technology as well as various other regulatory requirements and industry-specific standards. The Bancorp also participates in the federally recognized Financial Services Information Sharing and Analysis Center and requires its employees and contractors to complete various education and training programs related to information security.

The Bancorp’s Information Technology (“IT”) and Information Security (“IS”) teams have the primary responsibility for establishing appropriate policies and procedures that are responsive to cybersecurity threats and other information security risks. The Bancorp’s Information Technology and Cybersecurity Risk Management (“IT CSRM”) team, as part of the Bancorp’s Risk Management division, provides independent risk management oversight to those IT and IS teams. In addition to the Board of Directors oversight discussed below, the Bancorp’s Internal Audit function independently oversees, reviews and validates these activities and reports to the Board of Directors on the effectiveness of governance, risk management and internal controls.

The Bancorp has established an Enterprise Risk Management Framework which informs the Bancorp’s risk management programs. As part of this framework, the IT CSRM team maintains the Bancorp’s IT CSRM Program, which is designed to identify, assess, manage, monitor and report cybersecurity risks as part of the Bancorp’s independent risk management function. The IT CSRM team is responsible for defining the risk management practices set forth in the IT CSRM Program. Refer to the Risk Management – Overview section of Item 7 of this Annual Report for additional information on the Bancorp’s Enterprise Risk Management Framework and related risk management processes.

In light of the complexity and evolving nature of the cybersecurity landscape, the Bancorp periodically re-assesses the maturity of its cybersecurity programs, policies and procedures, including in some instances by engaging the assistance of external experts. The Bancorp also conducts exercises to test its incident response plans and threat assessments, some of which also involve assistance from external consultants.

The Bancorp also maintains a Third Party Risk Management Program to perform similar functions related to risks associated with the Bancorp’s relationships with third parties, including the Bancorp’s third-party service providers. This assists the Bancorp in its management of its relationships with third parties, which includes considerations for identifying, analyzing and monitoring the cybersecurity risks that third parties may present to Fifth Third. The Bancorp also maintains a third-party incident response program to govern its response in the event of third-party cybersecurity events.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] The Bancorp recognizes the importance of maintaining a cybersecurity risk management system designed to reduce the risks that cybersecurity threats pose to financial institutions. As such, the Bancorp has adopted proactive and defensive safeguards intended to better protect the Bancorp’s information assets and supporting infrastructures from technology-related attacks. The Bancorp’s Board of Directors and management oversee its information security and cybersecurity risk management programs. As further discussed below, the Bancorp has established various programs, policies and procedures which are designed to proactively protect information assets. However, not all incidents can be prevented. As a result, the Bancorp has also established various policies and procedures governing how to respond to security incidents, with the objective of minimizing any potential impacts.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
The Technology Committee of the Bancorp’s Board of Directors takes primary responsibility for overseeing the Bancorp’s information security programs at the Board of Directors level. The Technology Committee’s primary purpose is to assist the Board of Directors in its oversight of plans and operations related to information technology, cybersecurity, data privacy and third-party technology strategy.

The Bancorp’s Risk and Compliance Committee of the Board of Directors oversees the Bancorp’s Enterprise Risk Management Framework and policies, including oversight of risks related to information security. The Risk and Compliance Committee receives periodic reports from the Technology Committee and these committees meet jointly at least once per year to discuss the Company’s programs and risks.

The full Board of Directors receives reports from the Technology Committee and the Risk and Compliance Committee about the Bancorp’s cybersecurity programs as a result of the above-described oversight. In the event of a material cybersecurity incident, the Bancorp’s incident response procedures include notifications to the Technology Committee, Risk and Compliance Committee and full Board of Directors, when appropriate and necessary.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]
The Technology Committee of the Bancorp’s Board of Directors takes primary responsibility for overseeing the Bancorp’s information security programs at the Board of Directors level. The Technology Committee’s primary purpose is to assist the Board of Directors in its oversight of plans and operations related to information technology, cybersecurity, data privacy and third-party technology strategy.

The Bancorp’s Risk and Compliance Committee of the Board of Directors oversees the Bancorp’s Enterprise Risk Management Framework and policies, including oversight of risks related to information security. The Risk and Compliance Committee receives periodic reports from the Technology Committee and these committees meet jointly at least once per year to discuss the Company’s programs and risks.

The full Board of Directors receives reports from the Technology Committee and the Risk and Compliance Committee about the Bancorp’s cybersecurity programs as a result of the above-described oversight. In the event of a material cybersecurity incident, the Bancorp’s incident response procedures include notifications to the Technology Committee, Risk and Compliance Committee and full Board of Directors, when appropriate and necessary.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
The Bancorp’s Risk and Compliance Committee of the Board of Directors oversees the Bancorp’s Enterprise Risk Management Framework and policies, including oversight of risks related to information security. The Risk and Compliance Committee receives periodic reports from the Technology Committee and these committees meet jointly at least once per year to discuss the Company’s programs and risks.

The full Board of Directors receives reports from the Technology Committee and the Risk and Compliance Committee about the Bancorp’s cybersecurity programs as a result of the above-described oversight. In the event of a material cybersecurity incident, the Bancorp’s incident response procedures include notifications to the Technology Committee, Risk and Compliance Committee and full Board of Directors, when appropriate and necessary.
Cybersecurity Risk Role of Management [Text Block]
The Bancorp’s Technology and Information Security Governance Committee (“TISGC”) is a management committee that reviews and discusses critical information security risks that impact the Bancorp, identifies solutions to address these risks and has oversight of the Bancorp’s information technology and information security policies. The TISGC provides cybersecurity reports periodically to the Risk and Compliance Committee and is comprised of the Bancorp’s senior information security, information technology and enterprise risk management leaders, including the Chief Information Security Officer (“CISO”), Chief Information Officer, Chief Technology & Information Security Officer, Chief Data Officer, Chief Technology Officer and Chief Operational Risk Officer. The TISGC’s membership enables the TISGC to be informed about and monitor the prevention, detection, mitigation and remediation of cybersecurity incidents, if any, in accordance with the Bancorp’s incident response plans.

The Bancorp’s CISO is responsible for information security policies and the coordination of information security efforts across the organization. The CISO has over 35 years of diverse experience in information technology management and cybersecurity leadership at Fifth Third and at other large, complex organizations. This prior experience includes leadership of functions for cybersecurity threat management, intelligence, risk mitigation and incident response. The CISO has a Bachelor of Science degree in Computer and Information Science and is a certified Six Sigma Black Belt. The Bancorp’s CISO reports to the Chief Technology & Information Security Officer. The CISO also reports directly to the Technology Committee and participates in various management councils and committees. The Bancorp’s IT CSRM team monitors that the CISO has appropriate authority to carry out the duties and responsibilities necessary of that position.

The CISO remains informed about developments in cybersecurity by monitoring the prevention, detection, mitigation and remediation of cybersecurity threats and events on an ongoing basis, as well as emerging risk management techniques, and reports such information to the Chief Information Officer and Technology Committee periodically. The CISO implements and oversees processes for the regular monitoring of information systems. This includes the deployment of advanced security measures and system audits to identify potential vulnerabilities. In the event of a cybersecurity incident, the CISO is equipped with a well-defined incident response plan. This plan includes immediate actions designed to mitigate the impact of any incident, and long-term strategies for remediation and prevention of future incidents.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The Bancorp’s CISO is responsible for information security policies and the coordination of information security efforts across the organization
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] The CISO has over 35 years of diverse experience in information technology management and cybersecurity leadership at Fifth Third and at other large, complex organizations. This prior experience includes leadership of functions for cybersecurity threat management, intelligence, risk mitigation and incident response. The CISO has a Bachelor of Science degree in Computer and Information Science and is a certified Six Sigma Black Belt.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Bancorp’s CISO reports to the Chief Technology & Information Security Officer. The CISO also reports directly to the Technology Committee and participates in various management councils and committees. The Bancorp’s IT CSRM team monitors that the CISO has appropriate authority to carry out the duties and responsibilities necessary of that position.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Summary of Significant Accounting and Reporting Policies (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Nature of Operations
Nature of Operations
Fifth Third Bancorp, an Ohio corporation, conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States as well as through other offices, telephone sales, the internet and mobile applications.
Basis of Presentation
Basis of Presentation
The 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.
Use of Estimates
Use of Estimates
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.
Cash and Due from Banks
Cash and Due from Banks
Cash and due from banks consist of currency and coin, cash items in the process of collection and due from banks. Currency and coin includes both U.S. and foreign currency owned and held at Fifth Third offices and that is in-transit to the FRB. Cash items in the process of collection include checks and drafts that are drawn on another depository institution or the FRB that are payable immediately upon presentation in the U.S. Balances due from banks include noninterest-bearing balances that are funds on deposit at other depository institutions or the FRB.
Investment Securities
Investment Securities
Debt securities are classified as held-to-maturity, available-for-sale or trading on the date of purchase. Only those securities which management has the intent and ability to hold to maturity are classified as held-to-maturity and reported at amortized cost. Debt securities are classified as available-for-sale when, in management’s judgment, they may be sold in response to, or in anticipation of, changes in market conditions. Debt securities are classified as trading typically when bought and held principally for the purpose of selling them in the near term. Trading debt securities are reported at fair value with unrealized gains and losses included in noninterest income. Available-for-sale debt securities are reported at fair value with unrealized gains and losses, net of related deferred income taxes, included in OCI. For available-for-sale debt securities hedged in a fair value hedge, the amortized cost basis of the hedged items (excluding unrealized gains and losses) includes the cumulative fair value hedging basis adjustments. Changes in the fair value of these securities which are attributable to changes in the hedged risk are recognized in earnings instead of OCI. Accrued interest receivable on investment securities is presented in the Consolidated Balance Sheets as a component of other assets.

Available-for-sale debt securities with unrealized losses are reviewed quarterly to determine if the decline in fair value is the result of a credit loss or other factors. An allowance for credit losses is recorded against available-for-sale debt securities to reflect the amount of the unrealized loss attributable to credit; however, this impairment is limited by the amount that the fair value is less than the amortized cost basis. Any remaining unrealized loss is recognized through OCI. Changes in the allowance for credit losses are recognized in earnings.

The determination of whether or not a credit loss exists is based on consideration of the cash flows expected to be collected from the debt security. The Bancorp develops these expectations after considering various factors such as agency ratings, the financial condition of the issuer or underlying obligors, payment history, payment structure of the security, industry and market conditions, underlying collateral and other factors which may be relevant based on the facts and circumstances pertaining to individual securities.

If the Bancorp intends to sell the debt security or will more likely than not be required to sell the debt security before recovery of its amortized cost basis, then the allowance for credit losses, if previously recorded, is written off and the security’s amortized cost is written down to the security’s fair value at the reporting date, with any incremental impairment recorded as a charge to noninterest income.

Held-to-maturity debt securities are assessed periodically to determine if an allowance is necessary to absorb credit losses expected to occur over the remaining contractual life of the securities. The carrying amount of held-to-maturity debt securities is presented net of the allowance for credit losses when such an allowance is deemed necessary.
Debt securities classified as available-for-sale may be transferred to the held-to-maturity classification if the Bancorp determines that it has the positive intent and ability to hold the securities until their maturity. Upon transfer to held-to-maturity, the transferred securities are reported at amortized cost plus or minus the pre-tax amount of the remaining unrealized gains or losses reported in AOCI at the transfer date. The resulting premium or discount is amortized into income over the remaining life of the securities as an adjustment to yield. Any unrealized gains or losses that exist on the date of transfer continue to be reported as a component of AOCI and are amortized into income over the remaining life of the securities as an adjustment to yield, offsetting the amortization of the premium or discount that was recognized at the transfer date. Any allowance for credit losses that was previously recorded when the securities were classified as available-for-sale is reversed into earnings on the date of transfer. After the transfer to held-to-maturity, the securities would be re-assessed for any necessary allowance for credit losses, as previously discussed.

Equity securities with readily determinable fair values not accounted for under the equity method are reported at fair value with unrealized gains and losses included in noninterest income in the Consolidated Statements of Income. Equity securities without readily determinable fair values are measured at cost minus impairment, if any, plus or minus changes as a result of an observable price change for the identical or similar investment of the same issuer. At each quarterly reporting period, the Bancorp performs a qualitative assessment to evaluate whether impairment indicators are present. If qualitative indicators are identified, the investment is measured at fair value with the impairment loss included in noninterest income in the Consolidated Statements of Income.

The fair value of a security is determined based on quoted market prices. If quoted market prices are not available, fair value is determined based on quoted prices of similar instruments.

Premiums on purchased callable debt securities are amortized to the earliest call date if the call feature meets certain criteria. Otherwise, premiums are amortized to maturity similar to discounts on callable debt securities.

Securities Gains or Losses (Net)
Realized gains or losses on securities are reported within noninterest income in the Consolidated Statements of Income. The cost of securities sold is based on the specific identification method.
Portfolio Loans and Leases
Portfolio Loans and Leases
Basis of accounting
Portfolio loans and leases are generally reported at the principal amount 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 a business combination are recorded at fair value as of the acquisition date. Purchased loans and finance leases (including both sales-type leases and direct financing leases) are evaluated for evidence of credit deterioration at acquisition and recorded at their initial fair value. For loans and finance leases acquired in a business combination that do not exhibit evidence of more-than-insignificant credit deterioration since origination, the Bancorp does not carry over the acquired company’s ALLL, but upon acquisition will record an ALLL 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 over the contractual life of the loan as an adjustment to yield.

For loans and finance leases that exhibit evidence of more-than-insignificant credit quality deterioration since origination, the Bancorp’s estimate of expected credit losses is added to the ALLL upon acquisition and to the initial purchase price of the loans and leases to determine the initial amortized cost basis for the purchased financial assets with credit deterioration. Any resulting difference between the initial amortized cost basis (as adjusted for expected credit losses) and the par value of the loans and leases at the acquisition date represents the non-credit premium or discount, which is amortized over the contractual life of the loan or lease as an adjustment to yield. This method of accounting for loans acquired with deteriorated credit quality does not apply to loans carried at fair value or loans held for sale.

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.

Nonaccrual loans and leases
The Bancorp places loans and leases on nonaccrual status when full repayment of principal and interest is not expected, unless the loan or lease is well-secured and in the process of collection. When a loan is placed on nonaccrual status, the accrual of interest, amortization of loan premium, accretion of loan discount and amortization/accretion of deferred net direct loan origination fees or costs are discontinued and all previously accrued and unpaid interest is reversed against income. The Bancorp utilizes the following policies to determine when full repayment of principal and interest on a loan or lease is not expected:
•Commercial loans are placed on nonaccrual status when there is a clear indication that the borrower’s cash flows may not be sufficient to meet payments as they become due. Commercial loans where the principal or interest has been in default for a period of 90 days or more are generally maintained on nonaccrual status unless the loan is fully or partially guaranteed by a government agency or otherwise considered to be well secured and in the process of collection.
•Residential mortgage loans are placed on nonaccrual status when principal and interest payments become past due 150 days or more, unless repayment of the loan is fully or partially guaranteed by a government agency. Residential mortgage loans may stay on nonaccrual status for an extended time as the foreclosure process typically lasts longer than 180 days. The Bancorp maintains a reserve for the portion of accrued interest receivable that it estimates will be uncollectible, at the portfolio level, for residential mortgage loans which are past due 90 days or more and on accrual status. This reserve is recorded as a component of other assets in the Consolidated Balance Sheets, consistent with the classification of the related accrued interest receivable.
•Home equity loans and lines of credit are placed on nonaccrual status if principal or interest becomes past due 90 days or more. Home equity loans and lines of credit that become past due 60 days or more are also placed on nonaccrual status if the senior lien has been past due 120 days or more.
•Credit card loans that have been modified for a borrower experiencing financial difficulty are placed on nonaccrual status at the time of the modification. Subsequent to the modification, accounts are placed on nonaccrual status when required payments become past due 90 days or more in accordance with the modified terms.
•Indirect secured consumer loans and other consumer loans are generally placed on nonaccrual status when principal or interest becomes past due 90 days or more.
•Loan balances remaining after charge-off on consumer loans subject to a bankruptcy proceeding are generally placed on nonaccrual status within 60 days of verification of the bankruptcy unless the borrower demonstrates willingness to repay the loan through a guaranteed repayment plan or reaffirmation of their obligation to the Bancorp. These loans are also placed on nonaccrual status when principal or interest becomes past due 60 days or more.
•Loans discharged in a Chapter 7 bankruptcy and not reaffirmed by the borrower are placed on nonaccrual status and considered collateral-dependent loans at the time of discharge, regardless of the borrower’s payment history or capacity to repay in the future.

Well-secured loans are collateralized by perfected security interests in real and/or personal property for which the Bancorp estimates proceeds from the sale would be sufficient to recover the outstanding principal and accrued interest balance of the loan and pay all costs to sell the collateral. The Bancorp considers a loan in the process of collection if collection efforts or legal action is proceeding and the Bancorp expects to collect funds sufficient to bring the loan current or recover the entire outstanding principal and accrued interest balance in the near future.

Nonaccrual loans and leases may be returned to accrual status when all delinquent principal and interest payments become current in accordance with the loan agreement and the remaining principal and interest payments are reasonably assured of repayment in accordance with the contractual terms of the loan agreement, or when the loan is both well-secured and in the process of collection. Nonaccrual loans that have been modified for a borrower experiencing financial difficulty may not be returned to accrual status unless such loans have sustained repayment performance of six months or more and are reasonably assured of repayment in accordance with the modified terms. Loans discharged in a Chapter 7 bankruptcy may be returned to accrual status twelve months or more after discharge provided there is a sustained payment history after bankruptcy and collectability is reasonably assured for all remaining contractual payments.

Except for loans discharged in a Chapter 7 bankruptcy that are not reaffirmed by the borrower, accruing residential mortgage loans, home equity loans and lines of credit, indirect secured consumer loans and other consumer loans modified for borrowers experiencing financial difficulty are maintained on accrual status, provided there is reasonable assurance of repayment and of performance according to the modified terms based upon a current, well-documented credit evaluation. Accruing commercial loans modified for borrowers experiencing financial difficulty are maintained on accrual status provided there is a sustained payment history of six months or more prior to the modification and collectability is reasonably assured for all remaining contractual payments under the modified terms. Modifications of commercial loans and credit card loans for borrowers experiencing financial difficulty that do not have a sustained payment history of six months or more in accordance with their modified terms remain on nonaccrual status until a six-month payment history is sustained.

Nonaccrual loans and leases are generally accounted for on the cost recovery method due to the existence of doubt as to the collectability of the remaining amortized cost basis of nonaccrual assets. Under the cost recovery method, any payments received are applied to reduce principal. Once the entire amortized cost basis is collected, additional payments received are treated as recoveries of amounts previously charged-off until recovered in full, and any subsequent payments are treated as interest income. In certain circumstances when the remaining amortized cost basis of a nonaccrual loan or lease is deemed to be fully collectible, the Bancorp may utilize the cash basis method to account
for interest payments received on a nonaccrual loan or lease. Under the cash basis method, interest income is recognized when cash is received, to the extent such income would have been accrued on the loan’s remaining balance at the contractual rate.

The Bancorp records a charge-off to the ALLL when all or a portion of a loan or lease is deemed to be uncollectible, after considering the net realizable value of any underlying collateral. Commercial loans and leases on nonaccrual status and criticized commercial loans with aggregate borrower relationships exceeding $1 million are subject to an individual review to identify charge-offs. The Bancorp does not have an established delinquency threshold for partially or fully charging off commercial loans and leases. The Bancorp records charge-offs on consumer loans in accordance with applicable regulatory guidelines, which are primarily based on a loan’s delinquency status.

Loan modifications
In circumstances where an existing loan is modified (including a restructuring, refinancing, or other changes in terms which affect the loan’s contractual cash flows), the Bancorp evaluates whether the modification results in a continuation of the existing loan or the origination of a new loan. The Bancorp accounts for a modification as a new loan if the terms of the modified loan are at least as favorable to the Bancorp as the terms for comparable loans to other borrowers with similar collection risks who are obtaining new loans, or if the modification of terms is considered more than minor. If neither of these conditions are met, then the Bancorp will account for the loan as a continuation of the existing loan. When a modification is accounted for as a new loan, any unamortized net deferred fees or costs from the original loan are recognized in interest income when the new loan is originated. When a modification is accounted for as a continuation of the existing loan, the unamortized net deferred fees or costs from the original loan and any additional incremental direct fees and costs are carried forward and deferred as part of the amortized cost basis of the modified loan.
ALLL
ALLL
The Bancorp disaggregates its portfolio loans and leases into portfolio segments for purposes of determining the ALLL. The Bancorp’s portfolio segments include commercial, residential mortgage and consumer. The Bancorp further disaggregates its portfolio segments into classes for purposes of monitoring and assessing credit quality based on certain risk characteristics. Classes within the commercial portfolio segment are based on the primary purpose of the loan or lease and include commercial and industrial, commercial mortgage owner-occupied, commercial mortgage nonowner-occupied, commercial construction and commercial leases. The residential mortgage portfolio segment is also considered a class. Classes within the consumer portfolio segment are based on the loan product type or collateral and include home equity, indirect secured consumer loans, credit card, solar energy installation loans and other consumer loans. For an analysis of the Bancorp’s ALLL by portfolio segment and credit quality information by class, refer to Note 6.

The Bancorp maintains the ALLL to absorb the amount of credit losses that are expected to be incurred over the remaining contractual terms of the related loans and leases. Contractual terms are adjusted for expected prepayments but are not extended for expected extensions, renewals or modifications except in circumstances where extension or renewal options are embedded in the original contract and not unconditionally cancellable by the Bancorp.

Accrued interest receivable on loans is presented in the Consolidated Financial Statements as a component of other assets. When accrued interest is deemed to be uncollectible (typically when a loan is placed on nonaccrual status), interest income is reversed. The Bancorp follows established policies for placing loans on nonaccrual status, so uncollectible accrued interest receivable is reversed in a timely manner. As a result, the Bancorp has elected not to measure a reserve for accrued interest receivable as part of its ALLL. However, the Bancorp does record a reserve for the portion of accrued interest receivable that it expects to be uncollectible. Refer to the Portfolio Loans and Leases section of this footnote for additional information.

Credit losses are charged and recoveries are credited to the ALLL. The ALLL is maintained at a level the Bancorp considers to be adequate and is based on ongoing quarterly assessments and evaluations of the collectability of loans and leases, including historical credit loss experience, current and forecasted market and economic conditions and consideration of various qualitative factors that, in management’s judgment, deserve consideration in estimating expected credit losses. Provisions for credit losses are recorded for the amounts necessary to adjust the ALLL to the Bancorp’s current estimate of expected credit losses on portfolio loans and leases.

The Bancorp’s methodology for determining the ALLL includes an estimate of expected credit losses on a collective basis for groups of loans and leases with similar risk characteristics and specific allowances for loans and leases which are individually evaluated.

Larger commercial loans and leases included within aggregate borrower relationship balances exceeding $1 million on nonaccrual status are individually evaluated for an ALLL. The Bancorp considers the current value of collateral, credit quality of any guarantees, the guarantor’s liquidity and willingness to cooperate, the loan or lease structure (including modifications, if any) and other factors when determining the amount of the ALLL. Other factors may include the borrower’s susceptibility to risks presented by the forecasted macroeconomic environment, the industry and geographic region of the borrower, size and financial condition of the borrower, cash flow and leverage of the borrower and the Bancorp’s evaluation of the borrower’s management. When loans and leases are individually evaluated, allowances are determined based on management’s estimate of the borrower’s ability to repay the loan or lease given the availability of collateral and other sources of cash flow, as well as an evaluation of legal options available to the Bancorp. Allowances for individually evaluated loans and leases that are collateral-dependent are measured based on the fair value of the underlying collateral, less expected costs to sell where applicable. Allowances for individually evaluated loans and leases that are not collateral-dependent are typically measured based on the
present value of expected cash flows of the loan or lease, discounted at its effective interest rate. Specific allowances on individually evaluated commercial loans and leases are reviewed quarterly and adjusted as necessary based on changing borrower and/or collateral conditions and actual collection and charge-off experience.

The Bancorp considers loans to be collateral-dependent when it becomes probable that repayment of the loan will be provided through the sale or operation of the collateral instead of from payments made by the borrower. The expected credit losses for these loans are typically estimated based on the fair value of the underlying collateral, less expected costs to sell where applicable. Specific allowances on individually evaluated consumer and residential mortgage loans are reviewed quarterly and adjusted as necessary based on changing borrower and/or collateral conditions and actual collection and charge-off experience.

Expected credit losses are estimated on a collective basis for loans and leases that are not individually evaluated. For collectively evaluated loans and leases, the Bancorp uses models to forecast expected credit losses based on the probability of a loan or lease defaulting, the expected balance at the estimated date of default and the expected loss percentage given a default. The estimate of the expected balance at the time of default considers prepayments and, for loans with available credit, expected utilization rates. The Bancorp’s expected credit loss models were developed based on historical credit loss experience and observations of migration patterns for various credit risk characteristics (such as internal credit risk ratings, external credit ratings or scores, delinquency status, loan-to-value trends, etc.) over time, with those observations evaluated in the context of concurrent macroeconomic conditions. The Bancorp developed its models from historical observations capturing a full economic cycle when possible.

The Bancorp’s expected credit loss models consider historical credit loss experience, current market and economic conditions, and forecasted changes in market and economic conditions if such forecasts are considered reasonable and supportable. Generally, the Bancorp considers its forecasts to be reasonable and supportable for a period of up to three years from the estimation date. For periods beyond the reasonable and supportable forecast period, expected credit losses are estimated by reverting to historical loss information without adjustment for changes in economic conditions. This reversion is phased in over a two-year period. The Bancorp evaluates the length of its reasonable and supportable forecast period, its reversion period and reversion methodology at least annually, or more often if warranted by economic conditions or other circumstances.

The Bancorp also considers qualitative factors in determining the ALLL in order to capture characteristics in the portfolio that impact expected credit losses but are not fully captured within the Bancorp’s expected credit loss models. These may include adjustments for changes in policies or procedures in underwriting, monitoring or collections, lending and risk management personnel and results of internal audit and quality control reviews. These may also include adjustments, when deemed necessary, for specific idiosyncratic risks such as geopolitical events, natural disasters and their effects on regional borrowers, changes in product structures or changes in economic conditions that are not reflected in the quantitative credit loss models. Qualitative factor adjustments may also be used to address the impacts of unforeseen events on key inputs and assumptions within the Bancorp’s expected credit loss models, such as the reasonable and supportable forecast period, changes to historical loss information or changes to the reversion period or methodology.

When evaluating the adequacy of allowances, consideration is also given to regional geographic concentrations and the closely associated effect that changing economic conditions may have on the Bancorp’s customers.
Reserve for Unfunded Commitments
Reserve for Unfunded Commitments
The reserve for unfunded commitments is maintained at a level believed by management to be sufficient to absorb estimated expected credit losses related to unfunded credit facilities and is included in other liabilities in the Consolidated Balance Sheets. The determination of the adequacy of the reserve is based upon expected credit losses over the remaining contractual life of the commitments, taking into consideration the current funded balance and estimated exposure over the reasonable and supportable forecast period. This process takes into consideration the same risk elements that are analyzed in the determination of the adequacy of the Bancorp’s ALLL, as previously discussed. Net adjustments to the reserve for unfunded commitments are included in the provision for credit losses in the Consolidated Statements of Income.
Loans and Leases Held for Sale
Loans and Leases Held for Sale
Loans and leases held for sale primarily represent conforming fixed-rate residential mortgage loans originated or acquired with the intent to sell in the secondary market and jumbo residential mortgage loans, commercial loans, other residential mortgage loans and other consumer loans that management has the intent to sell. Loans and leases held for sale may be carried at the lower of cost or fair value, or carried at fair value where the Bancorp has elected the fair value option of accounting under U.S. GAAP. The Bancorp has elected to measure certain groups of loans held for sale under the fair value option, including certain residential mortgage loans originated as held for sale and certain purchased commercial loans designated as held for sale at acquisition. For loans in which the Bancorp has not elected the fair value option, the lower of cost or fair value is determined at the individual loan level.

The fair value of residential mortgage loans held for sale for which the fair value election has been made is estimated based upon mortgage-backed securities prices and spreads to those prices or, for certain ARM loans, DCF models that may incorporate the anticipated portfolio composition, credit spreads of asset-backed securities with similar collateral and market conditions. The anticipated portfolio composition includes the effects of interest rate spreads and discount rates due to loan characteristics such as the state in which the loan was originated, the
loan amount and the ARM margin. These fair value marks are recorded as a component of noninterest income in mortgage banking net revenue in the Consolidated Statements of Income. For residential mortgage loans that it has originated as held for sale, the Bancorp generally has commitments to sell these loans in the secondary market. Gains or losses on sales are recognized in mortgage banking net revenue in the Consolidated Statements of Income.

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, thereafter, reported within the Bancorp’s residential mortgage class of portfolio loans and leases. In such cases, if the fair value option was elected, the residential mortgage loans will continue to be measured at fair value, which is based on mortgage-backed securities prices, interest rate risk and an internally developed credit component.

Loans and leases held for sale are placed on nonaccrual status consistent with the Bancorp’s nonaccrual policies for portfolio loans and leases.
Loan Sales and Securitizations
Loan Sales and Securitizations
The Bancorp periodically sells loans through either securitizations or individual loan sales in accordance with its investment policies. The sold loans are removed from the Consolidated Balance Sheet and a net gain or loss is recognized in the Consolidated Financial Statements at the time of sale. The Bancorp typically isolates the loans through the use of a VIE and thus is required to assess whether the entity holding the sold or securitized loans is a VIE and whether the Bancorp is the primary beneficiary and therefore consolidator of that VIE. If the Bancorp holds the power to direct activities most significant to the economic performance of the VIE and has the obligation to absorb losses or right to receive benefits that could potentially be significant to the VIE, then the Bancorp will generally be deemed the primary beneficiary of the VIE. If the Bancorp is determined not to be the primary beneficiary of a VIE but holds a variable interest in the entity, such variable interests are accounted for under the equity method of accounting or other accounting standards as appropriate. Refer to Note 12 for further information on consolidated and non-consolidated VIEs.

The Bancorp’s loan sales and securitizations are generally structured with servicing retained, which often results in the recording of servicing rights. The Bancorp may also purchase servicing rights. The Bancorp has elected to measure all existing classes of its residential mortgage servicing rights portfolio at fair value with changes in the fair value of servicing rights reported in mortgage banking net revenue in the Consolidated Statements of Income in the period in which the changes occur.

Servicing rights are valued using internal OAS models. Key economic assumptions used in estimating the fair value of the servicing rights include the prepayment speeds of the underlying loans, the weighted-average life, the OAS and the weighted-average coupon rate, as applicable. The primary risk of material changes to the value of the servicing rights resides in the potential volatility in the economic assumptions used, particularly the prepayment speeds. In order to assist in the assessment of the fair value of servicing rights, the Bancorp obtains external valuations of the servicing rights portfolio from third parties and participates in peer surveys that provide additional confirmation of the reasonableness of the key assumptions utilized in the internal OAS model.

Fees received for servicing loans owned by investors are based on a percentage of the outstanding monthly principal balance of such loans and are included in noninterest income in the Consolidated Statements of Income as loan payments are received. Costs of servicing loans are charged to expense as incurred.
Reserve for Representation and Warranty Provisions
Reserve for 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 (make whole) the investor or insurer for which the representation or warranty of the Bancorp proves to be inaccurate, incomplete or misleading. The Bancorp establishes a residential mortgage repurchase reserve related to various representations and warranties that reflects management’s estimate of losses based on a combination of factors.

The Bancorp’s estimation process requires management to make subjective and complex judgments about matters that are inherently uncertain, such as future demand expectations, economic factors and the specific characteristics of the loans subject to repurchase. Such factors incorporate historical investor audit and repurchase demand rates, appeals success rates, historical loss severity and any additional information obtained from the GSEs regarding future mortgage repurchase and file request criteria. At the time of a loan sale, the Bancorp records a representation and warranty reserve at the estimated fair value of the Bancorp’s guarantee and continually updates the reserve during the life of the loan as losses in excess of the reserve become probable and reasonably estimable. The provision for the estimated fair value of the representation and warranty guarantee arising from the loan sales is recorded as an adjustment to the gain on sale, which is included in other noninterest income in the Consolidated Statements of Income at the time of sale. Updates to the reserve are recorded in other noninterest expense in the Consolidated Statements of Income.
Bank Premises and Equipment and Other Long-Lived Assets
Bank Premises and Equipment and Other Long-Lived Assets
Bank premises and equipment, including leasehold improvements, and operating lease equipment are carried at cost less accumulated depreciation and accumulated amortization. Generally, depreciation is calculated using the straight-line method based on estimated useful lives of the assets for book purposes, while accelerated depreciation is used for income tax purposes. Amortization of leasehold improvements is generally computed using the straight-line method over the lives of the related leases or useful lives of the related assets, whichever is shorter. Whenever events or changes in circumstances dictate, the Bancorp tests its long-lived assets for impairment by determining whether the sum of the estimated undiscounted future cash flows attributable to a long-lived asset or asset group is less than the carrying amount of the long-lived asset or asset group through a probability-weighted approach. In the event the carrying amount of the long-lived asset or asset group is not recoverable, an impairment loss is measured as the amount by which the carrying amount of the long-lived asset or asset group exceeds its fair value. Maintenance, repairs and minor improvements are charged to noninterest expense in the Consolidated Statements of Income as incurred. Lease payments received for operating lease equipment are recognized in commercial banking revenue in the Consolidated Statements of Income over the lease term on a straight-line basis unless another systematic and rational basis is more representative of the pattern in which benefit is expected to be derived from use of the underlying equipment.
Lessee Accounting
Lessee Accounting
ROU assets and lease liabilities are recognized for all leases unless the initial term of the lease is twelve months or less. Lease costs for operating leases are recognized on a straight-line basis over the lease term unless another systematic basis is more representative of the pattern of consumption. The lease term includes any renewal period that the Bancorp is reasonably certain to exercise. The Bancorp uses its incremental borrowing rate to discount the lease payments if the rate implicit in the lease is not readily determinable. Variable lease payments associated with operating leases are recognized in the period in which the obligation for payments is incurred.

For finance leases, the lease liability is measured using the effective interest method such that the liability is increased for interest based on the discount rate that is implicit in the lease or the Bancorp’s incremental borrowing rate if the implicit rate cannot be readily determined, offset by a decrease in the liability resulting from the periodic lease payments. The ROU asset associated with the finance lease is amortized on a straight-line basis unless there is another systematic and rational basis that better reflects how the benefits of the underlying assets are consumed over the lease term. The period over which the ROU asset is amortized is generally the lesser of the remaining lease term or the remaining useful life of the leased asset. Variable lease payments associated with finance leases are recognized in the period in which the obligation for those payments is incurred.

When the lease liability is remeasured to reflect changes to the lease payments as a result of a lease modification, the ROU asset is adjusted for the amount of the lease liability remeasurement. If a lease modification reduces the scope of a lease, the ROU asset would be reduced proportionately based on the change in the lease liability and the difference between the lease liability adjustment and the resulting ROU asset adjustment would be recognized as a gain or loss in the Consolidated Statements of Income. Additionally, the amortization of the ROU asset is adjusted prospectively from the date of remeasurement.

The Bancorp performs impairment assessments for ROU assets when events or changes in circumstances indicate that their carrying values may not be recoverable. Any impairment loss is recognized in net occupancy expense in the Consolidated Statements of Income. Refer to the Bank Premises and Equipment and Other Long-Lived Assets section of this footnote for further information.
Goodwill
Goodwill
Business combinations entered into by the Bancorp typically include the recognition of goodwill. U.S. GAAP requires goodwill to be tested for impairment at the reporting unit level on an annual basis, which the Bancorp performs as of October 1 each year, and more frequently if events or circumstances indicate that there may be impairment.

Impairment exists when a reporting unit’s carrying amount of goodwill exceeds its implied fair value. In testing goodwill for impairment, U.S. GAAP permits the Bancorp to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. In this qualitative assessment, the Bancorp evaluates events and circumstances which may include, but are not limited to, the general economic environment, banking industry and market conditions, the overall financial performance of the Bancorp, the performance of the Bancorp’s common stock, the key financial performance metrics of the Bancorp’s reporting units and events affecting the reporting units. If the Bancorp concludes that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, a quantitative impairment test is not required, and no impairment is recognized. If the quantitative impairment test is required or the decision to bypass the qualitative assessment is elected, the Bancorp performs the goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. A recognized impairment loss cannot be reversed in future periods even if the fair value of the reporting unit subsequently recovers.

The fair value of a reporting unit is the price that would be received to sell the unit as a whole in an orderly transaction between market participants at the measurement date. As none of the Bancorp’s reporting units are publicly traded, individual reporting unit fair value determinations cannot be directly correlated to the Bancorp’s stock price. The determination of the fair value of a reporting unit is a subjective process that involves the use of estimates and judgments, particularly related to cash flows, the appropriate discount rates and an applicable control premium. The determination of the fair value of the Bancorp’s reporting units includes both an income-based approach and
a market-based approach. The income-based approach utilizes the reporting unit’s forecasted cash flows (including a terminal value approach to estimate cash flows beyond the final year of the forecast) and the reporting unit’s estimated cost of equity as the discount rate. Significant management judgment is necessary in the preparation of each reporting unit’s forecasted cash flows surrounding expectations for earnings projections, growth and credit loss expectations and actual results may differ from forecasted results. Additionally, the Bancorp determines its market capitalization based on the average of the closing price of the Bancorp’s stock during the period beginning September 1 and ending on the measurement date, incorporating an additional control premium, and compares this market-based fair value measurement to the aggregate fair value of the Bancorp’s reporting units in order to corroborate the results of the income approach. Refer to Note 10 for further information regarding the Bancorp’s goodwill.
Tax Credit Investments
Tax Credit Investments
The Bancorp invests in projects to create affordable housing and revitalize business and residential areas. These investments are classified as other assets on the Bancorp’s Consolidated Balance Sheets. Investments in projects that qualify for Low-Income Housing Tax Credits, New Markets Tax Credits and Rehabilitation Investment Tax Credits are accounted for using the proportional amortization method if certain conditions are met. Under the proportional amortization method, the initial cost of the investment is amortized in proportion to the tax credits and other benefits received and recognized as a component of applicable income tax expense in the Consolidated Statements of Income. Investments which do not meet the qualification criteria for the proportional amortization method are accounted for using the equity method of accounting with impairment associated with the investments recognized in other noninterest expense in the Consolidated Statements of Income.
Derivative Financial Instruments and Hedge Accounting
Derivative Financial Instruments and Hedge Accounting
The Bancorp accounts for its derivatives as either assets or liabilities measured at fair value through adjustments to AOCI and/or current earnings, as appropriate. The related cash flows are classified as operating activities in the Consolidated Statements of Cash Flows. On the date the Bancorp enters into a derivative contract, the Bancorp designates the derivative instrument as either a fair value hedge, cash flow hedge or as a free-standing derivative instrument. For a fair value hedge, changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk are recorded in current period net income. For a cash flow hedge, changes in the fair value of the derivative instrument are recorded in AOCI and subsequently reclassified to net income in the same period(s) that the hedged transaction impacts net income. For free-standing derivative instruments, changes in fair values are reported in current period net income.

The fair value of derivative instruments is presented on a gross basis, even when the derivative instruments are subject to master netting arrangements. Derivative instruments with a positive fair value are reported in other assets in the Consolidated Balance Sheets while derivative instruments with a negative fair value are reported in other liabilities in the Consolidated Balance Sheets. Cash collateral payables and receivables associated with the derivative instruments are not added to or netted against the fair value amounts with the exception of certain variation margin payments that are considered legal settlements of the derivative contracts. For derivative contracts cleared through certain central clearing parties who have modified their rules to treat variation margin payments as settlements, the variation margin payments are applied to net the fair value of the respective derivative contracts.

When entering into a hedge transaction, the Bancorp formally documents the relationship between the hedging instrument and the hedged item, as well as the risk management objective and strategy for undertaking the hedge transaction before the end of the quarter in which the transaction is consummated. This process includes linking the derivative instrument designated as a fair value or cash flow hedge to a specific asset or liability on the balance sheet or to specific forecasted transactions and the risk being hedged, along with a formal assessment at the inception of the hedge as to the effectiveness of the derivative instrument in offsetting changes in fair values or cash flows of the hedged item. The Bancorp continues to assess hedge effectiveness on an ongoing basis using either a qualitative or a quantitative assessment (regression analysis). Additionally, the Bancorp may also utilize the shortcut method to evaluate hedge effectiveness for certain qualifying hedges with matched terms that permit the assumption of perfect offset. If the shortcut method is no longer appropriate, the Bancorp would apply the long-haul method identified at inception of the hedging transaction for assessing hedge effectiveness as long as the hedge is highly effective. If it is determined that the derivative instrument is not highly effective as a hedge, hedge accounting is discontinued. For fair value hedges, if hedge accounting is discontinued, the cumulative basis adjustments related to the hedged asset or liability are amortized to earnings in the same manner as other components of the carrying amount of that asset or liability. For cash flow hedges, upon discontinuation of hedge accounting, any amounts in AOCI related to that relationship should affect earnings at the same time and in the same manner in which the hedged transaction affects earnings. However, if it becomes probable that the forecasted transaction will not occur, any related amounts in AOCI are reclassified to earnings immediately.
Other Real Estate Owned
Other Real Estate Owned
OREO, which is included in other assets in the Consolidated Balance Sheets, represents property acquired through foreclosure or other proceedings and branch-related real estate no longer intended to be used for banking purposes. OREO is carried at the lower of cost or fair value, less costs to sell. All OREO property is periodically evaluated for impairment and decreases in carrying value are recognized as reductions in other noninterest income in the Consolidated Statements of Income. For government-guaranteed mortgage loans, upon foreclosure, a separate other receivable is recognized if certain conditions are met for the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. This receivable is also included in other assets, separate from OREO, in the Consolidated Balance Sheets.
Deposits
Deposits
Deposits generally include the unpaid balance of cash or its equivalent received or held by the Bank for its commercial and consumer customers. Deposits are classified as either transactional or non-transactional and include both interest-bearing and noninterest-bearing balances. Interest expense incurred on interest-bearing deposits is recognized in accordance with applicable guidance in U.S. GAAP for these liabilities and includes certain ongoing deposit placement fees paid on custodial accounts.
Legal Contingencies
Legal Contingencies
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 and significant judgment may be required in the determination of both the probability of loss and whether the amount of the loss is reasonably estimable. The Bancorp’s estimates are subjective and are based on the status of legal and regulatory proceedings, the merit of the Bancorp’s defenses and consultation with internal and external legal counsel. 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. This accrual is included in other liabilities in the Consolidated Balance Sheets and is adjusted from time to time as appropriate to reflect changes in circumstances. Legal expenses are recorded in other noninterest expense in the Consolidated Statements of Income.
Income Taxes
Income Taxes
The Bancorp accounts for income taxes using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for expected future tax consequences. Under the asset and liability method, deferred tax assets and liabilities are determined by applying the federal and state tax rates to the differences between financial statement carrying amounts and the corresponding tax bases of assets and liabilities. Deferred tax assets are also recorded for any tax attributes, such as tax credits and net operating loss carryforwards. The net balances of deferred tax assets and liabilities are reported in other assets and accrued taxes, interest and expenses in the Consolidated Balance Sheets. Any effect of a change in federal or state tax rates on deferred tax assets and liabilities is recognized in income tax expense in the period that includes the enactment date. The Bancorp reflects the expected amount of income tax to be paid or refunded during the year as current income tax expense or benefit. Accrued taxes represent the net expected amount due to and/or from taxing jurisdictions and are reported in accrued taxes, interest and expenses in the Consolidated Balance Sheets. The Bancorp uses the deferral method of accounting on investments that generate investment tax credits. Under this method, the investment tax credits are recognized as a reduction to the related asset.

The Bancorp evaluates the realization of deferred tax assets based on all positive and negative evidence available at the balance sheet date. Realization of deferred tax assets is based on the Bancorp’s judgment about relevant factors affecting their realization, including the taxable income within any applicable carry back periods, future projected taxable income, the reversal of taxable temporary differences and tax planning strategies. The Bancorp records a valuation allowance for deferred tax assets where the Bancorp does not believe that it is more likely than not that the deferred tax assets will be realized.

Income tax benefits from uncertain tax positions are recognized in the financial statements only if the Bancorp believes that it is more likely than not that the uncertain tax position will be sustained based solely on the technical merits of the tax position and consideration of the relevant taxing authority’s widely understood administrative practices and precedents. If the Bancorp does not believe that it is more likely than not that an uncertain tax position will be sustained, the Bancorp records a liability for the uncertain tax position. If the Bancorp believes that it is more likely than not that an uncertain tax position will be sustained, the Bancorp only records a tax benefit for the portion of the uncertain tax position where the likelihood of realization is greater than 50% upon settlement with the relevant taxing authority that has full knowledge of all relevant information. The Bancorp recognizes interest expense, interest income and penalties related to unrecognized tax benefits within applicable income tax expense in the Consolidated Statements of Income. Refer to Note 21 for further discussion regarding income taxes.
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. The Bancorp employs various valuation approaches to measure fair value including the market, income and cost approaches. The market approach uses prices or relevant information generated by market transactions involving identical or comparable assets or liabilities. The income approach involves discounting future amounts to a single present amount and is based on current market expectations about those future amounts. The cost approach is based on the amount that currently would be required to replace the service capacity of the asset.

U.S. GAAP 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. The three levels within the fair value hierarchy are described as follows:
Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Bancorp has the ability to access at the measurement date.

Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 – Unobservable inputs for the asset or liability for which there is little, if any, market activity at the measurement date. Unobservable inputs reflect the Bancorp’s own assumptions about what market participants would use to price the asset or liability. The inputs are developed based on the best information available in the circumstances, which might include the Bancorp’s own financial data such as internally developed pricing models and DCF methodologies, as well as instruments for which the fair value determination requires significant management judgment.

The Bancorp’s fair value measurements involve various valuation techniques and models, which involve inputs that are observable, when available. Valuation techniques and parameters used for measuring assets and liabilities are reviewed and validated by the Bancorp on a quarterly basis. Additionally, the Bancorp monitors the fair values of significant assets and liabilities using a variety of methods including the evaluation of pricing runs and exception reports based on certain analytical criteria, comparison to previous trades and overall review and assessments for reasonableness. The Bancorp may, as a practical expedient, measure the fair value of certain investments on the basis of the net asset value per share of the investment, or its equivalent. Any investments which are valued using this practical expedient are not classified in the fair value hierarchy. Refer to Note 28 for further information on fair value measurements.
Revenue Recognition
Revenue Recognition
The Bancorp’s interest income is derived from loans and leases, investment securities and other short-term investments. The Bancorp recognizes interest income in accordance with the applicable guidance in U.S. GAAP for these assets. Refer to the Portfolio Loans and Leases and Investment Securities sections of this footnote for further information.

The Bancorp generally measures noninterest income revenue based on the amount of consideration the Bancorp expects to be entitled for the transfer of goods or services to a customer, then recognizes this revenue when or as the Bancorp satisfies its performance obligations under the contract, except in transactions where U.S. GAAP provides other applicable guidance. When the amount of consideration is variable, the Bancorp will only recognize revenue to the extent that it is probable that the cumulative amount recognized will not be subject to a significant reversal in the future. Substantially all of the Bancorp’s contracts with customers have expected durations of one year or less and payments are typically due when or as the services are rendered or shortly thereafter. When third parties are involved in providing goods or services to customers, the Bancorp recognizes revenue on a gross basis when it has control over those goods or services prior to transfer to the customer; otherwise, revenue is recognized for the net amount of any fee or commission. The Bancorp excludes sales taxes from the recognition of revenue and recognizes the incremental costs of obtaining contracts as an expense if the period of amortization for those costs would be one year or less. The following provides additional information about the components of noninterest income:
•Wealth and asset management revenue consists primarily of service fees for investment management, custody, and trust administration services provided to commercial and consumer clients. The Bancorp’s performance obligations for these services are generally satisfied over time and revenues are recognized monthly based on the fee structure outlined in individual contracts. Transaction prices are most commonly based on the market value of assets under management or care and/or a fee per transaction processed. The Bancorp also offers certain services for which the performance obligations are satisfied and revenue is recognized at a point in time, when the services are performed. Wealth and asset management revenue also includes trailing commissions received from investments and annuities held in customer accounts, which are recognized in revenue when the Bancorp determines that it has satisfied its performance obligations and has sufficient information to estimate the amount of the commissions to which it expects to be entitled.
•Commercial payments revenue consists primarily of treasury management fees for commercial clients, monthly service charges on commercial deposit accounts and revenue related to commercial cards associated with commercial client relationships. The Bancorp’s treasury management fees include revenues for traditional treasury management services as well as embedded payments services. Monthly service charges are typically collected from customers directly from the related deposit account at the time the transaction is processed and/or at the end of the customer’s statement cycle (typically monthly). Commercial card revenue includes interchange fees earned when commercial cards are processed through card association networks, revenue derived from the Bancorp’s relationships with card processors and transaction-based fees charged directly to commercial clients. The performance obligations for treasury management fees and service charges on deposits are typically satisfied over time while performance obligations for transaction-based fees are typically satisfied at a point in time when the transactions generating the fees are processed. Revenues are recognized on an accrual basis when or as the services are provided to the customer, net of applicable discounts, waivers, reversals, and costs not controlled by the Bancorp (primarily interchange fees charged by credit card associations and expenses of certain transaction-based rewards programs offered to customers).
•Consumer banking revenue consists primarily of interchange fees earned when the Bancorp’s consumer credit and debit cards are processed through card association networks, monthly service charges on consumer deposit accounts and other deposit account-related charges, transaction-based fees (such as late fees, overdraft fees and wire transfer fees) for consumer loans and deposits, and
fees related to ancillary services provided to consumers. The Bancorp’s performance obligations for transaction-based fees are typically satisfied at a point in time when the transactions generating the fees are processed while performance obligations for consumer deposit account service charges are typically satisfied over time. Revenues are recognized on an accrual basis when or as the services are provided to the customer, net of applicable discounts, waivers, reversals, and certain costs not controlled by the Bancorp (primarily interchange fees charged by credit card associations and expenses of certain transaction-based rewards programs offered to customers). Revenue related to consumer loans is recognized in accordance with the Bancorp’s policies for portfolio loans and leases.
•Capital markets fees consist primarily of underwriting revenue recognized by the Bancorp’s broker-dealer subsidiary, syndication fees for commercial loans, merger and acquisition advisory fees and income earned related to financial risk management services provided to commercial clients. Underwriting revenue is generally recognized on the trade date, which is when the Bancorp’s performance obligations are satisfied. Syndication fees are recognized in income when the syndication is complete unless a portion of the loan is retained in the transaction, in which case the Bancorp’s policies for portfolio loans and leases would apply. Merger and acquisition advisory fees are recognized in income at a point in time when the transactions generating the fees are completed. Income from financial risk management services is primarily related to customer accommodation derivatives and is recognized in accordance with the Bancorp’s policies for derivative financial instruments.
•Commercial banking revenue consists primarily of service fees and other income related to lending activity to commercial clients and leasing business revenue, which includes operating lease income, lease remarketing fees and lease syndication fees. Revenue related to loans and leases is recognized in accordance with either the Bancorp’s policies for portfolio loans and leases or when the Bancorp’s performance obligations are satisfied.
•Mortgage banking net revenue consists primarily of origination fees and gains on loan sales, mortgage servicing fees and the impact of MSRs. Refer to the Loans and Leases Held for Sale and Loan Sales and Securitizations sections of this footnote for further information.
•Other noninterest income primarily includes BOLI income, equity method and private equity income, losses on other assets and other miscellaneous revenues and gains.
Earnings Per Share
Earnings Per Share
Basic earnings per share is computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Earnings per diluted share is computed by dividing adjusted net income available to common shareholders by the weighted-average number of shares of common stock outstanding, adjusted for the impact of potentially dilutive common shares arising from the exercise or settlement of stock-based awards and the settlement of outstanding forward contracts.

The Bancorp calculates earnings per share pursuant to the two-class method. The two-class method is an earnings allocation formula that determines earnings per share separately for common stock and participating securities according to dividends declared and participation rights in undistributed earnings. For purposes of calculating earnings per share under the two-class method, restricted shares that contain nonforfeitable rights to dividends are considered participating securities until vested. While the dividends declared per share on such restricted shares are the same as dividends declared per common share outstanding, the dividends recognized on such restricted shares may be less because dividends paid on restricted shares that are expected to be forfeited are reclassified to compensation expense during the period when forfeiture is expected.
Pension Plans
Pension Plans
The Bancorp uses an expected long-term rate of return applied to the fair market value of assets as of the beginning of the year and the expected cash flow during the year for calculating the expected investment return on all pension plan assets. 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. The Bancorp uses a third-party actuary to compute the remaining service period of participating employees. This period reflects expected turnover, pre-retirement mortality and other applicable employee demographics.
Stock-Based Compensation
Stock-Based Compensation
The Bancorp recognizes compensation expense for the grant-date fair value of stock-based awards that are expected to vest over the requisite service period. All awards, both those with cliff vesting and graded vesting, are expensed on a straight-line basis over the requisite service period. Awards to employees that meet eligible retirement status are expensed immediately. As compensation expense is recognized, a deferred tax asset is recorded that represents an estimate of the future tax deduction from exercise or release of restrictions. At the time awards are exercised, cancelled, expire or restrictions are released, the Bancorp recognizes an adjustment to income tax expense for the difference between the previously estimated tax deduction and the actual tax deduction realized.
Other
Other
Securities and other property held in a trust or fiduciary capacity by divisions of the Bancorp’s banking subsidiary are not included in the Consolidated Balance Sheets because such items are not assets of the subsidiaries.

Other short-term investments have original maturities less than one year and primarily include interest-bearing balances that are funds on deposit at other depository institutions or the FRB. The Bancorp uses other short-term investments as part of its liquidity risk management activities.

The Bancorp purchases life insurance policies on the lives of certain directors, officers and employees and is the owner and beneficiary of the policies. The Bancorp invests in these policies, known as BOLI, to provide an efficient form of funding for long-term retirement and other employee benefits costs. Certain BOLI policies have a stable value agreement through either a large, well-rated bank or multi-national insurance carrier that provides limited cash surrender value protection from declines in the value of each policy’s underlying investments. The Bancorp records these BOLI policies within other assets in the Consolidated Balance Sheets at each policy’s respective cash surrender value, with changes recorded in other noninterest income in the Consolidated Statements of Income.

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 Consolidated Statements of Income. The Bancorp reviews intangible assets for impairment whenever events or changes in circumstances indicate that carrying amounts may not be recoverable.

Securities sold under repurchase agreements are accounted for as secured borrowings and included in other short-term borrowings in the Consolidated Balance Sheets at the amounts at which the securities were sold plus accrued interest.

Acquisitions of treasury stock are carried at cost and are subject to a non-deductible excise tax of 1% of the net fair market value of stock repurchased during a given tax year. The amount of taxable repurchases is reduced by the fair market value of stock which is issued within the same tax year, including stock issued as part of stock-based compensation plans. The Bancorp accounts for this excise tax as a cost of acquiring treasury stock and includes the estimated incremental tax liability associated with individual share repurchase transactions as part of the cost basis of the shares repurchased. Reissuance of shares in treasury for acquisitions, exercises of stock-based awards or other corporate purposes is recorded based on the specific identification method.

Advertising costs are generally expensed as incurred.
Accounting and Reporting Developments
ACCOUNTING AND REPORTING DEVELOPMENTS
Standard Adopted in 2025
The Bancorp adopted the following new accounting standard effective January 1, 2025:

ASU 2023-09 – Income Taxes (Topic 740): Improvements to Income Tax Disclosures
In December 2023, the FASB issued ASU 2023-09, which amends the disclosure requirements for income taxes. The amendments primarily include new requirements to disclose additional information as part of the reconciliation of the effective tax rate to statutory tax rates, provide the amount of income taxes paid, net of refunds received, and income tax expense disaggregated between federal, state and foreign jurisdictions and provide income before income taxes disaggregated between domestic and foreign jurisdictions. The amendments also discontinue certain other disclosure requirements. The Bancorp implemented the amended guidance on a retrospective basis beginning with this Annual Report on Form 10-K for the year ended December 31, 2025. The amended disclosures are presented in Note 21.

Significant Accounting Standards Issued but Not Yet Adopted
The following significant accounting standards were issued but not yet adopted by the Bancorp as of December 31, 2025:

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 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 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 Consolidated Financial Statements.

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 (non-PCD) loans (excluding credit cards) purchased at least 90 days after origination or 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 amortized cost basis, 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 principle balance is recognized as a non-credit discount 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 purchased seasoned loans, which allows the use of the amortized cost basis rather than the unpaid principal balance when subsequently measuring the allowance for credit losses. As permitted, the Bancorp elected to early adopt the amended guidance on January 1, 2026 on a prospective basis.

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 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.
v3.25.4
Supplemental Cash Flow Information (Tables)
 12 Months Ended
Dec. 31, 2025
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 years ended December 31:
($ in millions)202520242023
Cash Payments:
Interest$3,974 4,871 3,776 
Income taxes paid, net of refunds received185 193 655 
Transfers:
Portfolio loans and leases to loans and leases held for sale$346 422 513 
Loans and leases held for sale to portfolio loans and leases5 4 6 
Portfolio loans and leases to OREO23 23 12 
Bank premises and equipment to OREO15 9 30 
Available-for-sale debt securities to held-to-maturity securities(a)
— 11,593 — 
Supplemental Disclosures:
Net additions to lease liabilities under operating leases
$173 74 72 
Net additions (reductions) to lease liabilities under finance leases32 44 (6)
(a)Represents the fair value of the securities on the date of transfer. Refer to Note 4 for additional information.
The following is a summary of the Bancorp’s income taxes paid, net of refunds received, for the years ended December 31:
($ in millions)
2025(a)
2024(b)
2023
U.S. Federal income taxes$100 131 529 
State and local income taxes87 61 111 
Foreign income taxes(2)1 15 
Total income taxes paid, net of refunds received$185 193 655 
(a)Includes $16, $11 and $11 of income taxes paid, net of refunds received, to the states of Illinois, California and New York, respectively.
(b)Includes $12 of income taxes paid, net of refunds received, to the state of New York.
v3.25.4
Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Securities
The following tables provide the amortized cost, unrealized gains and losses and fair value for the major categories of the available-for-sale debt and other securities and held-to-maturity securities portfolios as of December 31:
2025
($ in millions)Amortized CostUnrealized GainsUnrealized LossesFair
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.

2024
($ in millions)Amortized CostUnrealized GainsUnrealized LossesFair
Value
Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$4,358 2 — 4,360 
Mortgage-backed securities:
Agency residential mortgage-backed securities6,460 — (779)5,681 
Agency commercial mortgage-backed securities23,853 1 (3,022)20,832 
Non-agency commercial mortgage-backed securities4,505 — (338)4,167 
Asset-backed securities and other debt securities3,924 3 (198)3,729 
Other securities(a)
778 — — 778 
Total available-for-sale debt and other securities$43,878 6 (4,337)39,547 
Held-to-maturity securities:(b)
U.S. Treasury and federal agencies securities$2,370 — (26)2,344 
Mortgage-backed securities:
Agency residential mortgage-backed securities4,898 — (197)4,701 
Agency commercial mortgage-backed securities4,008 — (90)3,918 
Asset-backed securities and other debt securities2 — — 2 
Total held-to-maturity securities$11,278 — (313)10,965 
(a)Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $276, $500 and $2, respectively, at December 31, 2024, that are carried at cost.
(b)The amortized cost basis includes a discount of $865 at December 31, 2024 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 December 31:
($ in millions)20252024
Trading debt securities$1,057 1,185 
Equity securities453 341 
Realized Gain (Loss) on Investments
The following table presents the components of net securities gains and losses recognized in the Consolidated Statements of Income for the years ended December 31:
($ in millions)202520242023
Available-for-sale debt and other securities:
Realized gains$10 5 34 
Realized losses(10)(2)(30)
Impairment losses— (21)(5)
Net gains (losses) on available-for-sale debt and other securities$— (18)(1)
Trading debt securities:
Net unrealized gains— — 3 
Net trading debt securities gains$— — 3 
Equity securities:
Net realized (losses) gains (44)15 5 
Net unrealized gains57 18 11 
Net equity securities gains$13 33 16 
Total gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities(a)
$13 15 18 
(a)Excludes $14, $5 and $13 of net securities gains for the years ended December 31, 2025, 2024 and 2023, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These gains and losses are included in capital markets fees and wealth and asset management revenue in the Consolidated Statements of Income.
Contractual Maturity Schedule
The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of December 31, 2025 are shown in the following table:
Available-for-Sale Debt and OtherHeld-to-Maturity
($ in millions)Amortized Cost
Fair Value
Amortized Cost
Fair Value
Debt securities:(a)
Due in 1 year or less$3,014 2,996 602 603 
Due after 1 year through 5 years12,689 12,112 2,971 3,004 
Due after 5 years through 10 years18,317 16,501 7,594 7,593 
Due after 10 years4,413 3,876 201 204 
Other securities674 674 — — 
Total$39,107 36,159 11,368 11,404 
(a)Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.
Fair Value and Gross Unrealized Loss of Securities Available for Sale
The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of December 31:
Less than 12 months12 months or moreTotal
($ in millions)Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized Losses
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)
2024
U.S. Treasury and federal agencies securities$569 — — — 569 — 
Agency residential mortgage-backed securities1,061 (14)4,566 (765)5,627 (779)
Agency commercial mortgage-backed securities157 (6)20,536 (3,016)20,693 (3,022)
Non-agency commercial mortgage-backed securities183 (3)3,984 (335)4,167 (338)
Asset-backed securities and other debt securities283 (11)3,157 (187)3,440 (198)
Total$2,253 (34)32,243 (4,303)34,496 (4,337)
v3.25.4
Loans and Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Loans and Leases Classified by Primary Purpose
The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of December 31:
($ in millions)20252024
Loans and leases held for sale:
Commercial and industrial loans$46 15 
Commercial mortgage loans29 22 
Commercial construction loans— 29 
Residential mortgage loans658 574 
Total loans and leases held for sale$733 640 
Portfolio loans and leases:
Commercial and industrial loans$52,749 52,271 
Commercial mortgage loans12,228 12,246 
Commercial construction loans5,316 5,588 
Commercial leases3,269 3,188 
Total commercial loans and leases$73,562 73,293 
Residential mortgage loans$17,652 17,543 
Home equity4,846 4,188 
Indirect secured consumer loans17,964 16,313 
Credit card1,747 1,734 
Solar energy installation loans4,560 4,202 
Other consumer loans2,320 2,518 
Total consumer loans$49,089 46,498 
Total portfolio loans and leases$122,651 119,791 
Summary Of Net Write-Offs
The following table presents a summary of net charge-offs (recoveries):
For the years ended December 31 ($ in millions)202520242023
Commercial and industrial loans$439 242 155 
Commercial mortgage loans21 — (2)
Commercial construction loans— — 1 
Commercial leases2 2 (1)
Residential mortgage loans(2)(2)— 
Home equity1 (1)1 
Indirect secured consumer loans82 90 72 
Credit card63 68 64 
Solar energy installation loans70 56 26 
Other consumer loans62 77 72 
Total net charge-offs$738 532 388 
Investment in Lease Financing
The following table presents the components of the net investment in portfolio leases as of December 31:
($ in millions)(a)
20252024
Net investment in direct financing leases:
Lease payment receivable (present value)$489 631 
Unguaranteed residual assets (present value)113 121 
Net investment in sales-type leases:
Lease payment receivable (present value)2,313 2,102 
Unguaranteed residual assets (present value)111 86 
(a)Excludes $243 and $248 of leveraged leases at December 31, 2025 and 2024, respectively.
Sales-Type and Direct Financing Leases, Payment to be Received, Maturity
The following table presents undiscounted cash flows for both direct financing and sales-type portfolio leases for 2026 through 2030 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows:
As of December 31, 2025 ($ in millions)Direct Financing
Leases		Sales-Type Leases
2026$154 646 
2027152 599 
202894 495 
202964 342 
203044 235 
Thereafter33 229 
Total undiscounted cash flows$541 2,546 
Less: Difference between undiscounted cash flows and discounted cash flows52 233 
Present value of lease payments (recognized as lease receivables)$489 2,313 
v3.25.4
Credit Quality and the Allowance for Loan and Lease Losses (Tables)
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Summary of Transactions in the ALLL
The following tables summarize transactions in the ALLL by portfolio segment for the years ended December 31:
2025 ($ in millions)CommercialResidential MortgageConsumer
Total
Balance, beginning of period$1,154 146 1,052 2,352 
Losses charged-off(a)
(507)(1)(417)(925)
Recoveries of losses previously charged-off(a)
45 3 139 187 
Provision for (benefit from) loan and lease losses494 (39)184 639 
Balance, end of period$1,186 109 958 2,253 
(a)The Bancorp recorded $18 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.

2024 ($ in millions)CommercialResidential MortgageConsumer
Total
Balance, beginning of period$1,130 145 1,047 2,322 
Losses charged-off(a)
(267)(2)(417)(686)
Recoveries of losses previously charged-off(a)
23 4 127 154 
Provision for (benefit from) loan and lease losses268 (1)295 562 
Balance, end of period$1,154 146 1,052 2,352 
(a)The Bancorp recorded $28 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.

2023 ($ in millions)CommercialResidential MortgageConsumer
Total
Balance, beginning of period$1,127 245 822 2,194 
Impact of adoption of ASU 2022-024 (36)(17)(49)
Losses charged-off(a)
(170)(4)(348)(522)
Recoveries of losses previously charged-off(a)
17 4 113 134 
Provision for (benefit from) loan and lease losses152 (64)477 565 
Balance, end of period$1,130 145 1,047 2,322 
(a)The Bancorp recorded $35 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment
The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment:
As of December 31, 2025 ($ in millions)CommercialResidential 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 $243 of commercial leveraged leases, net of unearned income, at December 31, 2025.
As of December 31, 2024 ($ in millions)CommercialResidential MortgageConsumerTotal
ALLL:(a)
Individually evaluated$106 — 11 117 
Collectively evaluated1,048 146 1,041 2,235 
Total ALLL$1,154 146 1,052 2,352 
Portfolio loans and leases:(b)
Individually evaluated$395 131 96 622 
Collectively evaluated72,898 17,304 28,859 119,061 
Total portfolio loans and leases$73,293 17,435 28,955 119,683 
(a)Includes $1 related to commercial leveraged leases at December 31, 2024.
(b)Excludes $108 of residential mortgage loans measured at fair value and includes $248 of commercial leveraged leases, net of unearned income, at December 31, 2024.
Loan and Leases Balances by Credit Quality Indicator
The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk rating:
As of December 31, 2025 ($ 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$6,815 4,328 2,380 3,571 1,786 1,930 52,752 73,562 
As of December 31, 2024 ($ in millions) Term Loans and Leases by Origination YearRevolving and Other Loans
20242023202220212020PriorTotal
Commercial and industrial loans:
Pass$2,966 1,346 2,445 1,321 371 437 40,185 49,071 
Special mention15 13 22 1 3 9 1,055 1,118 
Substandard67 95 182 74 32 15 1,545 2,010 
Doubtful— — 2 — — — 70 72 
Total commercial and industrial loans$3,048 1,454 2,651 1,396 406 461 42,855 52,271 
Commercial mortgage owner-occupied loans:
Pass$786 790 844 630 315 307 1,829 5,501 
Special mention8 9 23 7 — 3 31 81 
Substandard64 34 24 28 9 43 239 441 
Doubtful— — — — — — — — 
Total commercial mortgage owner-occupied loans
$858 833 891 665 324 353 2,099 6,023 
Commercial mortgage nonowner-occupied loans:
Pass$710 751 769 170 263 408 2,698 5,769 
Special mention54 — 50 5 — — 150 259 
Substandard38 27 9 — — 2 119 195 
Doubtful— — — — — — — — 
Total commercial mortgage nonowner-occupied loans
$802 778 828 175 263 410 2,967 6,223 
Commercial construction loans:
Pass$4 21 — 29 — — 4,565 4,619 
Special mention— — — — — — 756 756 
Substandard— — — — — — 213 213 
Doubtful— — — — — — — — 
Total commercial construction loans$4 21 — 29 — — 5,534 5,588 
Commercial leases:
Pass$1,532 335 281 311 137 517 — 3,113 
Special mention4 4 2 3 2 4 — 19 
Substandard— 11 12 4 3 26 — 56 
Doubtful— — — — — — — — 
Total commercial leases$1,536 350 295 318 142 547 — 3,188 
Total commercial loans and leases:
Pass$5,998 3,243 4,339 2,461 1,086 1,669 49,277 68,073 
Special mention81 26 97 16 5 16 1,992 2,233 
Substandard169 167 227 106 44 86 2,116 2,915 
Doubtful— — 2 — — — 70 72 
Total commercial loans and leases$6,248 3,436 4,665 2,583 1,135 1,771 53,455 73,293 

The following tables summarize the Bancorp’s gross charge-offs within the commercial portfolio segment, by class and vintage during the years ended December 31:
2025 ($ in millions)Term Loans and Leases by Origination YearRevolving and Other Loans
20252024202320222021PriorTotal
Commercial loans and leases:
Commercial and industrial loans$2 9 25 6 4 2 431 479 
Commercial mortgage owner-occupied loans— — — — 3 11 2 16 
Commercial mortgage nonowner-occupied loans— — — — — — 6 6 
Commercial construction loans— — — — — — — — 
Commercial leases— — 1 1 — 4 — 6 
Total commercial loans and leases$2 9 26 7 7 17 439 507 
2024 ($ in millions)Term Loans and Leases by Origination YearRevolving and Other Loans
20242023202220212020PriorTotal
Commercial loans and leases:
Commercial and industrial loans$1 6 17 1 1 — 238 264 
Commercial mortgage owner-occupied loans— 1 — — — — — 1 
Commercial mortgage nonowner-occupied loans— — — — — — — — 
Commercial construction loans— — — — — — — — 
Commercial leases— — — — — 2 — 2 
Total commercial loans and leases$1 7 17 1 1 2 238 267 

2023 ($ in millions)Term Loans and Leases by Origination YearRevolving and Other Loans
20232022202120202019PriorTotal
Commercial loans and leases:
Commercial and industrial loans$25 7 12 1 — 11 112 168 
Commercial mortgage owner-occupied loans— — — — — — 1 1 
Commercial mortgage nonowner-occupied loans— — — — — — — — 
Commercial construction loans— — — — — — 1 1 
Commercial leases— — — — — — — — 
Total commercial loans and leases$25 7 12 1 — 11 114 170 
The following tables present the amortized cost basis of the Bancorp’s residential mortgage and consumer portfolio segments, by class and vintage, disaggregated by both delinquency and performing versus nonperforming status:
As of December 31, 2025 ($ in millions) Term Loans by Origination YearRevolving
Loans		Revolving 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 $1 of losses during the year ended December 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 $4 of nonperforming loans.
As of December 31, 2024 ($ in millions) Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20242023202220212020PriorTotal
Residential mortgage loans:
Performing:
Current(a)
$1,961 998 2,961 4,606 2,491 4,245 — — 17,262 
30-89 days past due1 3 4 9 4 12 — — 33 
90 days or more past due1 — 1 1 — 2 — — 5 
Nonperforming— 2 9 13 8 103 — — 135 
Total residential mortgage loans(b)
$1,963 1,003 2,975 4,629 2,503 4,362 — — 17,435 
Home equity:
Performing:
Current$168 67 34 2 4 86 3,660 72 4,093 
30-89 days past due— — — — — 1 23 1 25 
90 days or more past due— — — — — — — — — 
Nonperforming— — 1 — — 7 56 6 70 
Total home equity$168 67 35 2 4 94 3,739 79 4,188 
Indirect secured consumer loans:
Performing:
Current$6,773 2,836 3,046 2,371 753 349 — — 16,128 
30-89 days past due19 27 39 27 11 7 — — 130 
90 days or more past due— — — — — — — — — 
Nonperforming4 10 19 13 5 4 — — 55 
Total indirect secured consumer loans$6,796 2,873 3,104 2,411 769 360 — — 16,313 
Credit card:
Performing:
Current$— — — — — — 1,664 — 1,664 
30-89 days past due— — — — — — 18 — 18 
90 days or more past due— — — — — — 20 — 20 
Nonperforming— — — — — — 32 — 32 
Total credit card$— — — — — — 1,734 — 1,734 
Solar energy installation loans:
Performing:
Current$894 2,095 1,094 2 — 33 — — 4,118 
30-89 days past due2 11 7 — — — — — 20 
90 days or more past due— — — — — — — — — 
Nonperforming1 34 28 — — 1 — — 64 
Total solar energy installation loans$897 2,140 1,129 2 — 34 — — 4,202 
Other consumer loans:
Performing:
Current$201 351 507 219 171 142 860 34 2,485 
30-89 days past due1 5 10 3 1 2 1 1 24 
90 days or more past due— — — — — — — — — 
Nonperforming— 2 4 1 — 1 — 1 9 
Total other consumer loans$202 358 521 223 172 145 861 36 2,518 
Total residential mortgage and consumer loans:
Performing:
Current$9,997 6,347 7,642 7,200 3,419 4,855 6,184 106 45,750 
30-89 days past due23 46 60 39 16 22 42 2 250 
90 days or more past due1 — 1 1 — 2 20 — 25 
Nonperforming5 48 61 27 13 116 88 7 365 
Total residential mortgage and consumer loans(b)
$10,026 6,441 7,764 7,267 3,448 4,995 6,334 115 46,390 
(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, 2024, $90 of these loans were 30-89 days past due and $162 were 90 days or more past due. The Bancorp recognized $1 of losses during the year ended December 31, 2024 due to claim denials and curtailments associated with these insured or guaranteed loans.
(b)Excludes $108 of residential mortgage loans measured at fair value at December 31, 2024, including $1 of 30-89 days past due loans, $1 of 90 days or more past due loans and $2 of nonperforming loans.
The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage during the years ended December 31:
2025 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20252024202320222021PriorTotal
Residential mortgage loans$— — — — — 1 — — 1 
Consumer loans:
Home equity— — — — — — 7 — 7 
Indirect secured consumer loans10 28 38 43 16 9 — — 144 
Credit card— — — — — — 83 — 83 
Solar energy installation loans1 12 48 24 — 1 — — 86 
Other consumer loans1 4 15 22 7 10 36 2 97 
Total residential mortgage and consumer loans$12 44 101 89 23 21 126 2 418 

2024 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20242023202220212020PriorTotal
Residential mortgage loans$— — — — — 2 — — 2 
Consumer loans:
Home equity— — — — — 1 5 — 6 
Indirect secured consumer loans7 35 53 25 9 10 — — 139 
Credit card— — — — — — 87 — 87 
Solar energy installation loans2 16 13 — 14 18 — — 63 
Other consumer loans1 12 24 12 20 16 34 3 122 
Total residential mortgage and consumer loans$10 63 90 37 43 47 126 3 419 

2023 ($ in millions)Term Loans by Origination YearRevolving LoansRevolving Loans Converted to Term Loans
20232022202120202019PriorTotal
Residential mortgage loans$— — — — — 4 — — 4 
Consumer loans:
Home equity— — — — — 1 7 — 8 
Indirect secured consumer loans9 42 27 14 10 8 — — 110 
Credit card— — — — — — 82 — 82 
Solar energy installation loans8 16 1 — — 2 — — 27 
Other consumer loans7 37 14 12 7 8 34 2 121 
Total residential mortgage and consumer loans$24 95 42 26 17 23 123 2 352 
Summary by Age and Class of the Recorded Investment in Delinquencies Included in the Bancorp's Portfolio of Loans and Leases
The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class:
Current Loans and Leases(a)
Past DueTotal Loans and Leases90 Days Past Due and Still Accruing
As of December 31, 2025 ($ 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.

Current Loans and Leases(a)
Past DueTotal Loans and Leases90 Days Past Due and Still Accruing
As of December 31, 2024 ($ in millions)
30-89 Days(a)
90 Days or More(a)
Total Past Due
Commercial loans and leases:
Commercial and industrial loans$52,098 90 83 173 52,271 5 
Commercial mortgage owner-occupied loans5,980 40 3 43 6,023 — 
Commercial mortgage nonowner-occupied loans6,215 6 2 8 6,223 — 
Commercial construction loans5,587 1 — 1 5,588 — 
Commercial leases3,167 18 3 21 3,188 1 
Total portfolio commercial loans and leases$73,047 155 91 246 73,293 6 
(a)Includes accrual and nonaccrual loans and leases.
Summary of the Amortized Cost Basis of the Bancorp's Collateral Dependent Loans
The following table presents the amortized cost basis of the Bancorp’s collateral-dependent loans and leases, by portfolio class, as of:
 ($ in millions)December 31,
2025		December 31,
2024
Commercial loans and leases:
Commercial and industrial loans$322 325 
Commercial mortgage owner-occupied loans19 63 
Commercial mortgage nonowner-occupied loans5 4 
Commercial construction loans— 1 
Commercial leases— 2 
Total commercial loans and leases$346 395 
Residential mortgage loans143 131 
Consumer loans:
Home equity70 66 
Indirect secured consumer loans35 30 
Total consumer loans$105 96 
Total portfolio loans and leases$594 622 
Summary of the Bancorp's Nonperforming Loans and Leases by Class
The following table presents the amortized cost basis of the Bancorp’s nonaccrual loans and leases, by class, and OREO and other repossessed property, as of:
December 31, 2025December 31, 2024
 ($ in millions)With an ALLLNo Related
ALLL		TotalWith an ALLLNo Related
ALLL		Total
Commercial loans and leases:
Commercial and industrial loans$350 43 393 265 109 374 
Commercial mortgage owner-occupied loans16 13 29 52 23 75 
Commercial mortgage nonowner-occupied loans5 — 5 — 4 4 
Commercial construction loans— — — — 1 1 
Commercial leases— — — 2 — 2 
Total nonaccrual portfolio commercial loans and leases$371 56 427 319 137 456 
Residential mortgage loans69 80 149 57 80 137 
Consumer loans:
Home equity23 48 71 21 49 70 
Indirect secured consumer loans52 9 61 48 7 55 
Credit card29 — 29 32 — 32 
Solar energy installation loans22 — 22 64 — 64 
Other consumer loans8 — 8 9 — 9 
Total nonaccrual portfolio consumer loans$134 57 191 174 56 230 
Total nonaccrual portfolio loans and leases(a)(b)
$574 193 767 550 273 823 
OREO and other repossessed property— 30 30 — 30 30 
Total nonperforming portfolio assets(a)(b)
$574 223 797 550 303 853 
(a)Excludes $70 and $7 of nonaccrual loans held for sale as of December 31, 2025 and 2024, respectively.
(b)Includes $21 and $18 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of December 31, 2025 and 2024, respectively.
Summary of Loans Modifications
The following tables present the amortized cost basis as of December 31, 2025 and 2024 of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification, during the years ended:
December 31, 2025 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$267 2 61 1 331 0.63 
Commercial mortgage owner-occupied loans84 — 1 — 85 1.38 
Commercial mortgage nonowner-occupied loans82 — — 3 85 1.40 
Commercial construction loans45 44 — — 89 1.67 
Total commercial portfolio loans$478 46 62 4 590 0.84 

December 31, 2024 ($ in millions)
Term ExtensionTerm Extension and Payment DelayPayment DelayOtherTotal% of Total Class
Commercial and industrial loans$155 19 57 1 232 0.44 
Commercial mortgage owner-occupied loans46 14 1 — 61 1.01 
Commercial mortgage nonowner-occupied loans72 — — — 72 1.16 
Commercial construction loans58 — — 1 59 1.06 
Total commercial portfolio loans$331 33 58 2 424 0.60 
The following table presents the amortized cost basis as of December 31, 2025 and 2024 of the Bancorp’s residential mortgage portfolio loans that were modified for borrowers experiencing financial difficulty, by type of modification, during the years ended:
December 31, 2025December 31, 2024
($ in millions)Total% of Total ClassTotal% of Total Class
Payment delay$2 0.01 $5 0.03 
Term extension and payment delay69 0.39 72 0.41 
Term extension, interest rate reduction and payment delay18 0.10 12 0.07 
Total residential mortgage portfolio loans$89 0.50 $89 0.51 
The following tables present the amortized cost basis as of December 31, 2025 and 2024 of the Bancorp’s consumer portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification, during the years ended:
December 31, 2025 ($ in millions)
Interest Rate ReductionPayment DelayTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal% of Total Class
Home equity$2 — 1 12 15 0.31 
Credit card17 — — — 17 0.97 
Solar energy installation loans— 2 — — 2 0.04 
Other consumer loans— 4 — — 4 0.17 
Total consumer portfolio loans$19 6 1 12 38 0.12 

December 31, 2024 ($ in millions)
Interest Rate ReductionPayment DelayTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal% of Total Class
Home equity$4 — 2 9 15 0.36 
Credit card20 — — — 20 1.15 
Solar energy installation loans— 1 — — 1 0.02 
Other consumer loans— 3 — — 3 0.12 
Total consumer portfolio loans$24 4 2 9 39 0.13 
The following table presents the financial effects of the Bancorp’s significant types of portfolio loan modifications to borrowers experiencing financial difficulty, by portfolio class for the years ended December 31:
Financial Effects20252024
Commercial loans:
Commercial and industrial loansWeighted-average length of term extensions9 months9 months
Weighted-average length of payment delay19 months15 months
Commercial mortgage owner-
occupied loans
Weighted-average length of term extensions7 months10 months
Weighted-average length of payment delay6 months15 months
Commercial mortgage nonowner-
occupied loans
Weighted-average length of term extensions37 months20 months
Commercial construction loansWeighted-average length of term extensions23 months12 months
Weighted-average length of payment delay6 monthsN/A
Residential mortgage loansWeighted-average length of term extensions9.8 years10.4 years
Weighted-average interest rate reduction
From 7.3% to 6.9%
From 7.5% to 6.8%
Approximate amount of payment delays as a percentage of the related loan balances11%13%
Consumer loans:
Home equityWeighted-average length of term extensions21.3 years22.8 years
Weighted-average interest rate reduction
From 8.5% to 6.9%
From 9.2% to 7.2%
Approximate amount of payment delays as a percentage of the related loan balances6%5%
Credit cardWeighted-average interest rate reduction
From 23.0% to 4.0%
From 23.9% to 4.1%
Financing Receivable, Modified, Past Due
The following tables present the amortized cost basis as of December 31, 2025 and 2024 for the Bancorp’s portfolio loans that were modified during the years ended December 31, 2025 and 2024, respectively, for borrowers experiencing financial difficulty, by age and portfolio class:
December 31, 2025 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial loans:
Commercial and industrial loans$263 1 67 331 
Commercial mortgage owner-occupied loans85 — — 85 
Commercial mortgage nonowner-occupied loans85 — — 85 
Commercial construction loans89 — — 89 
Residential mortgage loans53 20 16 89 
Consumer loans:
Home equity13 2 — 15 
Credit card(a)
13 2 2 17 
Solar energy installation loans2 — — 2 
Other consumer loans4 — — 4 
Total portfolio loans$607 25 85 717 
(a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.
December 31, 2024 ($ in millions)
Past Due
Current30-89 Days90 Days or MoreTotal
Commercial loans:
Commercial and industrial loans$182 22 28 232 
Commercial mortgage owner-occupied loans61 — — 61 
Commercial mortgage nonowner-occupied loans72 — — 72 
Commercial construction loans59 — — 59 
Residential mortgage loans56 15 18 89 
Consumer loans:
Home equity13 1 1 15 
Credit card(a)
15 3 2 20 
Solar energy installation loans1 — — 1 
Other consumer loans3 — — 3 
Total portfolio loans$462 41 49 552 
(a)Credit card loans continue to be reported as delinquent after modification as they are not returned to current status until the borrower demonstrates a willingness and ability to repay the loan according to its modified terms.
Summary of Amortized Cost Basis of Modifications to Borrowers Experiencing Financial Difficulty That Subsequently Defaulted and Were Within Twelve Months of the Modification Date The following tables present the amortized cost basis as of December 31, 2025 and 2024 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the years ended December 31, 2025 and 2024, respectively, and were within twelve months of the modification date:
December 31, 2025
($ in millions)
Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal
Commercial loans:
Commercial and industrial loans$4 1 27 — 1 — 33 
Residential mortgage loans— — — — 30 11 41 
Consumer loans:
Home equity— 1 — — — 1 2 
Credit card— 7 — — — — 7 
Total portfolio loans$4 9 27 — 31 12 83 
December 31, 2024
($ in millions)
Term ExtensionInterest Rate ReductionPayment DelayTerm Extension and Interest Rate ReductionTerm Extension and Payment DelayTerm Extension, Interest Rate Reduction and Payment DelayTotal
Commercial loans:
Commercial and industrial loans$14 — 13 1 8 — 36 
Residential mortgage loans— — 3 — 29 6 38 
Consumer loans:
Home equity— 1 — — 1 1 3 
Credit card— 9 — — — — 9 
Total portfolio loans$14 10 16 1 38 7 86 
v3.25.4
Bank Premises and Equipment (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Summary of Bank Premises and Equipment
The following table provides a summary of bank premises and equipment as of December 31:
($ in millions)Estimated Useful Life20252024
Equipment1-20 years$3,048 2,769 
Buildings1-30 years1,834 1,784 
Leasehold improvements1-30 years921 760 
Land and improvements626 623 
Construction in progress237 199 
Bank premises and equipment held for sale:(a)
Land and improvements8 10 
Buildings1 4 
Accumulated depreciation and amortization(3,941)(3,674)
Total bank premises and equipment$2,734 2,475 
(a)Included within the assets of General Corporate & Other in the Bancorp’s segment reporting.
v3.25.4
Operating Lease Equipment (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Future Lease Payments Receivable from Operating Leases
The following table presents future lease payments receivable from operating leases for 2026 through 2030 and thereafter:
As of December 31, 2025 ($ in millions)Undiscounted
Cash Flows
2026$71 
202755 
202839 
202931 
203021 
Thereafter22 
Total operating lease payments$239 
v3.25.4
Lease Obligations - Lessee (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Lease Assets and Lease Liabilities
The following table provides a summary of lease assets and lease liabilities as of December 31:
($ in millions)Consolidated Balance Sheets Caption20252024
Assets
Operating lease ROU assetsOther assets$629 526 
Finance lease ROU assetsBank premises and equipment156 146 
Total ROU assets(a)
$785 672 
Liabilities
Operating lease liabilitiesAccrued taxes, interest and expenses$711 606 
Finance lease liabilitiesLong-term debt174 161 
Total lease liabilities$885 767 
(a)Operating and finance lease ROU assets are recorded net of accumulated amortization of $378 and $75, respectively, as of December 31, 2025, and $328 and $54, respectively, as of December 31, 2024.
Components of Lease Costs, Weighted-Average Lease Term and Discount Rate
The following table presents the components of lease costs for the years ended December 31:
($ in millions)Consolidated Statements of Income Caption202520242023
Lease costs:
Amortization of ROU assets
Net occupancy and equipment expense$22 21 19 
Interest on lease liabilitiesInterest on long-term debt6 6 5 
Total finance lease costs$28 27 24 
Operating lease costNet occupancy expense$99 89 87 
Short-term lease costNet occupancy expense1 1 2 
Variable lease costNet occupancy expense26 30 29 
Sublease incomeNet occupancy expense(3)(3)(2)
Total operating lease costs$123 117 116 
Total lease costs$151 144 140 
The following table presents the weighted-average remaining lease term and weighted-average discount rate as of December 31:
20252024
Weighted-average remaining lease term (years):
Operating leases12.8411.57
Finance leases11.2512.66
Weighted-average discount rate:
Operating leases4.45 %4.08 
Finance leases3.78 3.80 
The following table presents information related to lease transactions for the years ended December 31:
($ in millions)202520242023
Cash paid for amounts included in the measurement of lease liabilities:(a)
Operating cash flows from operating leases$97 95 91 
Operating cash flows from finance leases6 6 5 
Financing cash flows from finance leases19 18 16 
Gains on sale-leaseback transactions— — 2 
(a)The cash flows related to short-term and variable lease payments are not included in the amounts presented as they were not included in the measurement of lease liabilities.
Undiscounted Cash Flows for Operating Leases
The following table presents undiscounted cash flows for both operating leases and finance leases for 2026 through 2030 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities:
As of December 31, 2025 ($ in millions)Operating
Leases		Finance
Leases		Total
2026$101 28 129 
202795 28 123 
202887 28 115 
202978 17 95 
203069 11 80 
Thereafter546 101 647 
Total undiscounted cash flows$976 213 1,189 
Less: Difference between undiscounted cash flows and discounted cash flows265 39 304 
Present value of lease liabilities$711 174 885 
Undiscounted Cash Flows for Finance Leases
The following table presents undiscounted cash flows for both operating leases and finance leases for 2026 through 2030 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities:
As of December 31, 2025 ($ in millions)Operating
Leases		Finance
Leases		Total
2026$101 28 129 
202795 28 123 
202887 28 115 
202978 17 95 
203069 11 80 
Thereafter546 101 647 
Total undiscounted cash flows$976 213 1,189 
Less: Difference between undiscounted cash flows and discounted cash flows265 39 304 
Present value of lease liabilities$711 174 885 
v3.25.4
Goodwill (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the Net Carrying Amount of Goodwill by Reporting Segment
Changes in the net carrying amount of goodwill, by reporting unit, for the years ended December 31, 2025 and 2024 were as follows:
($ in millions)Commercial
Banking		Consumer and Small Business BankingWealth and Asset
Management		General Corporate and OtherTotal
Goodwill$3,074 2,584 226 — 5,884 
Accumulated impairment losses(750)(215)— — (965)
Net carrying value as of December 31, 20232,324 2,369 226 — 4,919 
Sale of business— — (1)— (1)
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, 2025$2,280 2,442 225 — 4,947 
v3.25.4
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets
The details of the Bancorp’s intangible assets are shown in the following table:
($ in millions)Gross Carrying AmountAccumulated
Amortization		Net Carrying
Amount
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 December 31, 2024
Core deposit intangibles$206 (196)10 
Developed technology106 (50)56 
Customer relationships28 (9)19 
Other13 (8)5 
Total intangible assets$353 (263)90 
Estimated Amortization Expense Estimated amortization expense for 2026 through 2030 is as follows:
($ in millions)Total
2026$24 
202716 
202811 
20298 
20302 
v3.25.4
Variable Interest Entities (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Consolidation of VIEs The following table provides a summary of assets and liabilities recorded on the Consolidated Balance Sheets for these consolidated VIEs as of:
($ in millions)December 31,
2025		December 31,
2024
Assets:
Other short-term investments$38 51 
Indirect secured consumer loans526 967 
Solar energy installation loans28 33 
ALLL(9)(19)
Other assets3 5 
Total assets$586 1,037 
Liabilities:
Other liabilities$11 12 
Long-term debt473 889 
Total liabilities$484 901 
Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses
The following tables provide a summary of assets and liabilities carried on the Consolidated Balance Sheets related to non-consolidated VIEs for which the Bancorp holds an interest, but is not the primary beneficiary of the VIE, as well as the Bancorp’s maximum exposure to losses associated with its interests in the entities as of:
December 31, 2025 ($ in millions)Total AssetsTotal LiabilitiesMaximum Exposure
CDC investments$2,293 714 2,345 
Private equity investments330 — 640 
Loans provided to VIEs4,340 — 7,738 
Lease pool entities20 — 20 
Solar loan securitizations7 — 7 
December 31, 2024 ($ in millions)Total AssetsTotal LiabilitiesMaximum Exposure
CDC investments$2,179 741 2,224 
Private equity investments268 — 487 
Loans provided to VIEs4,711 — 7,529 
Lease pool entities30 — 30 
Solar loan securitizations8 — 8 
Schedule Of investments, Proportional Amortization Method
The following table summarizes the impacts to the Consolidated Statements of Income related to the Bancorp’s tax credit program investments for the years ended December 31:
($ in millions)
Consolidated Statements of Income Caption(a)
202520242023
Proportional amortizationApplicable income tax expense$220 200 200 
Tax credits and other benefits(b)(c)
Applicable income tax expense(265)(248)(230)
Changes in carrying amounts of equity method investments(c)
Other noninterest expense9 8 — 
(a)The Bancorp did not recognize impairment losses resulting from the forfeiture or ineligibility of tax credits or other circumstances during the years ended December 31, 2025, 2024 and 2023.
(b)The related cash flows are classified as operating activities in the Consolidated Statements of Cash Flows primarily in net change in other assets.
(c)Includes amounts for tax credit program investments which were accounted for under the equity method as they did not meet the qualification criteria for the proportional amortization method, effective with the adoption of ASU 2023-02.
v3.25.4
Sales of Receivables and Servicing Rights (Tables)
 12 Months Ended
Dec. 31, 2025
Transfers and Servicing [Abstract]  
Activity Related to Mortgage Banking Net Revenue
Information related to residential mortgage loan sales and the Bancorp’s mortgage banking activity, which is included in mortgage banking net revenue in the Consolidated Statements of Income, for the years ended December 31 is as follows:
($ in millions)202520242023
Residential mortgage loan sales(a)
$5,032 3,954 4,888 
Origination fees and gains on loan sales78 67 79 
Gross mortgage servicing fees292 309 319 
(a)Represents the unpaid principal balance at the time of the sale.
Changes in Servicing Assets
The following table presents changes in the servicing rights related to residential mortgage loans for the years ended December 31:
($ in millions)20252024
Balance, beginning of period$1,704 1,737 
Servicing rights originated63 49 
Servicing rights sold— (5)
Changes in fair value:
Due to changes in inputs or assumptions(a)
(12)74 
Other changes in fair value(b)
(157)(151)
Balance, end of period$1,598 1,704 
(a)Primarily reflects changes in prepayment speed and OAS assumptions which are updated based on market interest rates.
(b)Primarily reflects changes due to realized cash flows and the passage of time.
Servicing Assets and Residual Interests Economic Assumptions
The key economic assumptions used in measuring the servicing rights related to residential mortgage loans that continued to be held by the Bancorp at the date of sale, securitization or purchase resulting from transactions completed during the years ended December 31 were as follows:
20252024
Weighted-
Average Life
(in years)		Prepayment
Speed
(annual)
OAS
(bps)
Weighted-Average Life
(in years)		Prepayment
Speed
(annual)		OAS
(bps)
Fixed-rate6.512.4 %5566.612.7 %488
Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions
At December 31, 2025, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows:
($ in millions)(a)
Fair ValueWeighted-
Average Life
(in years)		Prepayment Speed AssumptionOAS Assumption
Impact of Adverse Change
on Fair Value		OAS 
(bps)		Impact of Adverse 
Change on Fair Value
Rate 10%20%50%10%20%
Fixed-rate$1,595 7.97.2 %$(38)(73)(171)441$(33)(65)
Adjustable-rate3 4.519.5 — (1)(2)719— (1)
(a)The impact of the weighted-average default rate on the current fair value of residual cash flows for all scenarios is immaterial.
v3.25.4
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The following tables reflect the notional amounts and fair values for all derivative instruments included in the Consolidated Balance Sheets as of:
Fair Value
December 31, 2025 ($ 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 purposes7 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 accommodation1,853 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 $29, respectively.
Fair Value
December 31, 2024 ($ 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$4,955 1 12 
Total fair value hedges1 12 
Cash flow hedges:
Interest rate swaps related to C&I loans11,000 2 4 
Interest rate swaps related to C&I loans - forward starting(a)
1,000 1 — 
Interest rate swaps related to commercial mortgage and commercial construction loans - forward starting(a)
4,000 3 — 
Total cash flow hedges6 4 
Total derivatives designated as qualifying hedging instruments7 16 
Derivatives Not Designated as Qualifying Hedging Instruments:
Free-standing derivatives - risk management and other business purposes:
Interest rate contracts related to MSR portfolio3,135 4 4 
Forward contracts related to residential mortgage loans measured at fair value(b)
881 8 — 
Swap associated with the sale of Visa, Inc. Class B Shares2,465 — 170 
Foreign exchange contracts104 2 — 
Interest rate contracts for collateral management1,000 1 — 
Other670 — — 
Total free-standing derivatives - risk management and other business purposes15 174 
Free-standing derivatives - customer accommodation:
Interest rate contracts(c)
87,928 708 924 
Interest rate lock commitments264 2 — 
Commodity contracts16,889 575 564 
TBA securities44 — — 
Foreign exchange contracts38,640 1,165 1,120 
Total free-standing derivatives - customer accommodation2,450 2,608 
Total derivatives not designated as qualifying hedging instruments2,465 2,782 
Total$2,472 2,798 
(a)Forward starting swaps became effective in January and February 2025.
(b)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.
(c)Derivative assets and liabilities are presented net of variation margin of $257 and $45, respectively.
Net Gains (Losses) Recognized in the Income Statement Related to Derivatives in Fair Value Hedging Relationships
The following table reflects the changes in fair value of interest rate contracts, designated as fair value hedges and the changes in fair value of the related hedged items attributable to the risk being hedged, as well as the line items in the Consolidated Statements of Income in which the corresponding gains or losses are recorded:
For the years ended December 31 ($ in millions)Consolidated Statements of Income Caption202520242023
Long-term debt:
Change in fair value of interest rate swaps hedging long-term debtInterest on long-term debt$113 (66)29 
Change in fair value of hedged long-term debt attributable to the risk
being hedged
Interest on long-term debt(113)65 (26)
The following amounts were recorded in the Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of December 31:
($ in millions)Consolidated Balance 
Sheets Caption		20252024
Long-term debt:
Carrying amount of the hedged itemsLong-term debt$4,204 4,838 
Cumulative amount of fair value hedging adjustments included in
the carrying amount of the hedged items
Long-term debt10 (103)
Available-for-sale debt and other securities:
Cumulative amount of fair value hedging adjustments remaining
for hedged items for which hedge accounting has been discontinued
Available-for-sale debt and other securities(7)(9)
Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges
The following table presents the pre-tax net gains (losses) recorded in the Consolidated Statements of Income and in the Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges:
For the years ended December 31 ($ in millions)202520242023
Amount of pre-tax net gains (losses) recognized in OCI$317 (724)(171)
Amount of pre-tax net losses reclassified from OCI into net income(181)(351)(334)
Schedule of Price Risk Derivatives
The net (losses) gains recorded in the Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table:
For the years ended December 31 ($ in millions)Consolidated Statements of Income Caption202520242023
Interest rate contracts:
Interest rate contracts related to MSR portfolioMortgage banking net revenue$26 (88)(43)
Forward contracts related to residential mortgage loans measured at fair valueMortgage banking net revenue(22)13 (7)
Interest-only stripsOther noninterest income— (1)(3)
Foreign exchange contracts:
Foreign exchange contracts for risk management purposesOther noninterest income(4)14 (3)
Equity contracts:
Swap associated with sale of Visa, Inc. Class B SharesOther noninterest income(45)(138)(94)
Risk Ratings of the Notional Amount of Risk Participation Agreements
Risk ratings of the notional amount of risk participation agreements under this risk rating system are summarized in the following table as of December 31:
($ in millions)20252024
Pass$3,108 3,138 
Special mention— 9 
Substandard63 100 
Total$3,171 3,247 
Net Gains (Losses) Recognized in the Income Statement Related to Free-Standing Derivative Instruments Used For Customer Accommodation
The net gains (losses) recorded in the Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table:
For the years ended December 31 ($ in millions)
Consolidated Statements of Income Caption
202520242023
Interest rate contracts:
Interest rate contracts for customers (contract revenue)Capital markets fees$31 29 35 
Interest rate contracts for customers (credit portion of fair value adjustment)Other noninterest expense(3)4 (2)
Interest rate lock commitmentsMortgage banking net revenue62 41 52 
Commodity contracts:
Commodity contracts for customers (contract revenue)Capital markets fees17 18 36 
Commodity contracts for customers (credit portion of fair value adjustment)Other noninterest expense— 1 — 
Foreign exchange contracts:
Foreign exchange contracts for customers (contract revenue)Capital markets fees75 74 89 
Foreign exchange contracts for customers (contract revenue)Other noninterest income(31)6 (14)
Foreign exchange contracts for customers (credit portion of fair value adjustment)Other noninterest expense— — 4 
Offsetting Derivative Financial Instruments
The following table provides a summary of offsetting derivative financial instruments:
Gross Amount Recognized in the Consolidated Balance Sheets(a)
Gross Amounts Not Offset in the
Consolidated Balance Sheets
Derivatives
Collateral(b)
Net Amount
As of December 31, 2025
Derivative assets$1,863 (959)(261)643 
Derivative liabilities2,034 (959)(142)933 
As of December 31, 2024
Derivative assets$2,470 (1,378)(573)519 
Derivative liabilities2,798 (1,378)(193)1,227 
(a)Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements.
(b)Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Consolidated Balance Sheets were excluded from this table.
v3.25.4
Other Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Other Assets [Abstract]  
Other Assets Disclosure
The following table provides the components of other assets included in the Consolidated Balance Sheets as of December 31:
($ in millions)20252024
Partnership investments$2,743 2,520 
Accounts receivable and drafts-in-process2,496 2,381 
Bank owned life insurance2,171 2,135 
Derivative instruments1,868 2,472 
Deferred tax assets865 1,429 
Accrued interest and fees receivable742 796 
Operating lease right-of-use assets629 526 
Prepaid expenses166 142 
Income tax receivable163 174 
OREO and other repossessed property31 32 
Other237 250 
Total other assets$12,111 12,857 
v3.25.4
Short-Term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2025
Short-Term Debt [Abstract]  
Summary of Short-Term Borrowings and Weighted-Average Rates
The following table summarizes short-term borrowings and weighted-average rates:
20252024
($ in millions)Amount
Rate
Amount
Rate
As of December 31:
Federal funds purchased$226 3.61 %$204 4.30 %
Other short-term borrowings700 2.87 4,450 4.39 
Average for the years ended December 31:
Federal funds purchased$200 4.26 %$207 5.21 %
Other short-term borrowings4,730 4.35 3,024 5.18 
Maximum month-end balance for the years ended December 31:
Federal funds purchased$227 $247 
Other short-term borrowings6,310 5,070 
Summary of Other Short-Term Borrowings
The following table presents a summary of the Bancorp’s other short-term borrowings as of December 31:
($ in millions)20252024
FHLB advances$300 4,100 
Securities sold under repurchase agreements311 273 
Derivative collateral19 19 
Other borrowed money70 58 
Total other short-term borrowings$700 4,450 
v3.25.4
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Summary of the Bancorp's Long-Term Borrowings
The following table is a summary of the Bancorp’s long-term borrowings at December 31:
($ in millions)MaturityInterest Rate20252024
Parent Company
Senior:
Fixed-rate notes20252.375%$— 750 
Fixed-rate notes20272.55%749 748 
Fixed-rate/floating-rate notes(c)
20271.707%489 472 
Fixed-rate notes20283.95%649 648 
Fixed-rate/floating-rate notes(c)
20284.055%396 387 
Fixed-rate/floating-rate notes(c)
20286.361%1,012 999 
Fixed-rate/floating-rate notes(c)
20296.339%1,247 1,246 
Fixed-rate/floating-rate notes(c)
20304.772%971 933 
Fixed-rate/floating-rate notes(c)
20304.895%747 747 
Fixed-rate/floating-rate notes(c)
20325.631%996 996 
Fixed-rate/floating-rate notes(c)
20334.337%567 544 
Subordinated:(a)
Fixed-rate notes20388.25%1,063 1,051 
Subsidiaries
Senior:
Fixed-rate notes20253.95%— 747 
Fixed-rate notes20272.25%600 599 
Fixed-rate/floating-rate notes(c)
20284.967%699 — 
Floating-rate notes(a)(b)
20284.753%299 — 
Subordinated:(a)
Fixed-rate notes20263.85%750 750 
Junior subordinated:
 Floating-rate debentures(a)(b)
20355.40%-5.67%55 54 
FHLB advances(d)
2026-20474.91%1,505 1,508 
Notes associated with consolidated VIEs:
Automobile loan securitization2028-20315.52%-5.53%425 816 
Solar loan securitization, fixed-rate notes20384.05%-7.00%25 30 
Other2026-2052Varies345 312 
Total$13,589 14,337 
(a)In aggregate, $1.1 billion and $1.3 billion qualifies as Tier 2 capital for regulatory capital purposes for the years ended December 31, 2025 and 2024, respectively.
(b)These rates reflect the floating rates as of December 31, 2025.
(c)This rate reflects the fixed rate in effect as of December 31, 2025.
(d)This rate reflects the weighted-average rate as of December 31, 2025.
Schedule of Long-term Debt Maturities The aggregate annual maturities of long-term debt obligations (based on final maturity dates) as of December 31, 2025 are presented in the following table:
($ in millions)Parent CompanySubsidiariesTotal
2026$— 2,261 2,261 
20271,238 611 1,849 
20282,057 1,364 3,421 
20291,247 68 1,315 
20301,718 68 1,786 
Thereafter2,626 331 2,957 
Total$8,886 4,703 13,589 
v3.25.4
Commitments, Contingent Liabilities and Guarantees (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Summary of Significant Commitments The following table reflects a summary of significant commitments as of December 31:
($ in millions)20252024
Commitments to extend credit$84,405 80,680 
Letters of credit2,095 1,952 
Forward contracts related to residential mortgage loans measured at fair value1,072 881 
Capital commitments for private equity investments310 219 
Capital expenditures147 80 
Purchase obligations— 27 
Credit Risk Associated with Commitments
Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of December 31:
($ in millions)20252024
Pass$82,536 78,734 
Special mention834 850 
Substandard991 1,095 
Doubtful44 1 
Total commitments to extend credit$84,405 80,680 
Standby and Commercial Letters of Credit, Conditional Commitments Issued to Guarantee the Performance of a Customer to a Third Party
Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party and expire as summarized in the following table as of December 31, 2025:
($ in millions)
Less than 1 year(a)
$1,122 
1 - 5 years(a)
973 
Total letters of credit$2,095 
(a)Includes $1 and $3 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire in less than 1 year and between 1 - 5 years, respectively.
Credit Risk Associated with Letters of Credit
Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of December 31:
($ in millions)20252024
Pass$1,923 1,779 
Special mention55 60 
Substandard113 110 
Doubtful4 3 
Total letters of credit$2,095 1,952 
Visa Funding and Bancorp Cash Payments
After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows:
Period ($ in millions)Visa Funding AmountBancorp Cash Payment Amount
Q2 2010$500 20 
Q4 2010800 35 
Q2 2011400 19 
Q1 20121,565 75 
Q3 2012150 6 
Q3 2014450 18 
Q2 2018600 26 
Q3 2019300 12 
Q4 2021250 11 
Q2 2022600 25 
Q4 2022350 15 
Q2 2023500 21 
Q3 2023150 6 
Q3 20241,500 65 
Q1 2025375 15 
Q3 2025500 21 
Q4 2025500 (a)
(a)The Bancorp made a cash payment of $21 million to the swap counterparty on January 8, 2026 as a result of the Visa escrow funding in the fourth quarter of 2025.
v3.25.4
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Summary of the Bancorp's Activities with its Principal Shareholders, Directors and Executives
The following table summarizes the Bancorp’s lending activities with its principal shareholders, directors, executives and their related interests at December 31:
($ in millions)20252024
Commitments to lend, net of participations:
Directors and their affiliated companies$202 162 
Executive officers3 3 
Total$205 165 
Outstanding balance on loans, net of participations and undrawn commitments$132 56 
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign The following is a summary of income before income taxes included in the Consolidated Statements of Income for the years ended December 31:
($ in millions)202520242023
Domestic income before income taxes$3,211 2,919 2,943 
Foreign income (loss) before income taxes— (3)45 
Income before income taxes$3,211 2,916 2,988 
Applicable Income Taxes Included in the Consolidated Statements Of Income
The following is a summary of applicable income taxes included in the Consolidated Statements of Income for the years ended December 31:
($ in millions)202520242023
Current income tax expense:
U.S. Federal income taxes$476 452 647 
State and local income taxes76 75 96 
Foreign income taxes(3)3 2 
Total current income tax expense549 530 745 
Deferred income tax expense (benefit):
U.S. Federal income taxes129 84 (81)
State and local income taxes12 (13)(23)
Foreign income taxes(1)1 (2)
Total deferred income tax expense (benefit)140 72 (106)
Applicable income tax expense $689 602 639 
Reconciliation Between the Statutory U.S. Income Tax Rate and the Bancorp's Effective Tax Rate
The following is a reconciliation between the statutory U.S. Federal income tax rate and the Bancorp’s effective tax rate for the years ended December 31:
2025(a)
2024(b)
2023(c)
($ in millions)AmountPercentAmountPercentAmountPercent
Statutory tax rate$674 21.0 %$612 21.0 %$627 21.0 %
Increase (decrease) resulting from:
State and local income taxes, net of federal benefit84 2.6 58 2.0 71 2.4 
Foreign tax effects(2)(0.1)(4)(0.2)(1)— 
Tax credits:
Tax credits and other tax benefits from CDC investments, net of proportional amortization(39)(1.2)(43)(1.5)(31)(1.0)
Other tax credits(9)(0.3)(7)(0.3)(21)(0.7)
Nontaxable or nondeductible items:
Tax-exempt income(26)(0.8)(27)(0.9)(25)(0.8)
Other21 0.7 24 0.8 28 0.9 
Changes in unrecognized tax benefits(15)(0.5)(10)(0.3)(10)(0.4)
Other adjustments1 — (1)— 1 — 
Effective tax rate$689 21.4 %$602 20.6 %$639 21.4 %
(a)State taxes in California, Illinois, New York and Florida made up greater than 50% of state and local income taxes.
(b)State taxes in California, New York, Illinois and Florida made up greater than 50% of state and local income taxes.
(c)State taxes in Illinois, California, New York, Florida and New Jersey made up greater than 50% of state and local income taxes.
Schedule of Income Taxes Paid
Cash payments related to interest and income taxes in addition to non-cash investing and financing activities are presented in the following table for the years ended December 31:
($ in millions)202520242023
Cash Payments:
Interest$3,974 4,871 3,776 
Income taxes paid, net of refunds received185 193 655 
Transfers:
Portfolio loans and leases to loans and leases held for sale$346 422 513 
Loans and leases held for sale to portfolio loans and leases5 4 6 
Portfolio loans and leases to OREO23 23 12 
Bank premises and equipment to OREO15 9 30 
Available-for-sale debt securities to held-to-maturity securities(a)
— 11,593 — 
Supplemental Disclosures:
Net additions to lease liabilities under operating leases
$173 74 72 
Net additions (reductions) to lease liabilities under finance leases32 44 (6)
(a)Represents the fair value of the securities on the date of transfer. Refer to Note 4 for additional information.
The following is a summary of the Bancorp’s income taxes paid, net of refunds received, for the years ended December 31:
($ in millions)
2025(a)
2024(b)
2023
U.S. Federal income taxes$100 131 529 
State and local income taxes87 61 111 
Foreign income taxes(2)1 15 
Total income taxes paid, net of refunds received$185 193 655 
(a)Includes $16, $11 and $11 of income taxes paid, net of refunds received, to the states of Illinois, California and New York, respectively.
(b)Includes $12 of income taxes paid, net of refunds received, to the state of New York.
Reconciliation of the Beginning and Ending Amounts of the Bancorp's Unrecognized Tax Benefits
The following table provides a reconciliation of the beginning and ending amounts of the Bancorp’s unrecognized tax benefits:
($ in millions)202520242023
Unrecognized tax benefits at January 1$101 97 94 
Gross increases for tax positions taken during prior period2 12 14 
Gross decreases for tax positions taken during prior period(11)(7)(5)
Gross increases for tax positions taken during current period7 21 15 
Settlements with taxing authorities(1)(1)(1)
Lapse of applicable statute of limitations(11)(21)(20)
Unrecognized tax benefits at December 31(a)
$87 101 97 
(a)All amounts represent unrecognized tax benefits that, if recognized, would affect the annual effective tax rate.
Deferred Income Taxes Included in Other Assets in the Consolidated Balance Sheets
Deferred income taxes are comprised of the following items at December 31:
($ in millions)20252024
Deferred tax assets:
Other comprehensive income$973 1,459 
Allowance for loan and lease losses473 494 
Loan origination fees and costs188 199 
Deferred compensation117 115 
Reserves33 38 
Reserves for unfunded commitments33 28 
State deferred taxes25 35 
State net operating loss carryforwards10 6 
Federal net operating loss carryforwards1 7 
Other103 138 
Total deferred tax assets$1,956 2,519 
Deferred tax liabilities:
Lease financing$660 583 
MSRs and related economic hedges161 153 
Bank premises and equipment111 76 
Goodwill and intangible assets61 64 
Other101 216 
Total deferred tax liabilities$1,094 1,092 
Total net deferred tax asset$862 1,427 
v3.25.4
Retirement and Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Defined Benefit Retirement Plans with an Underfunded Status
The following table summarizes the defined benefit retirement plans as of and for the years ended December 31:
($ in millions)
20252024
Fair value of plan assets at January 1$87 102 
Actual return on assets6 (3)
Contributions1 1 
Settlement(7)(7)
Benefits paid(6)(6)
Fair value of plan assets at December 31$81 87 
Projected benefit obligation at January 1$100 113 
Interest cost5 5 
Settlement(7)(7)
Actuarial loss (gain)3 (5)
Benefits paid(6)(6)
Projected benefit obligation at December 31$95 100 
Underfunded projected benefit obligation at December 31$(14)(13)
Accumulated benefit obligation at December 31(a)
$95 100 
(a)Since the Plan’s benefits are frozen, the rate of compensation increase is no longer an assumption used to calculate the accumulated benefit obligation. Therefore, the accumulated benefit obligation was the same as the projected benefit obligation at both December 31, 2025 and 2024.
Net Periodic Benefit Cost and Other Changes In Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
The following table summarizes net periodic benefit cost and other changes in the Plan’s assets and benefit obligations recognized in OCI for the years ended December 31:
($ in millions)202520242023
Components of net periodic benefit cost:
Interest cost$5 5 6 
Expected return on assets(5)(5)(5)
Amortization of net actuarial loss2 2 2 
Settlement2 2 2 
Net periodic benefit cost$4 4 5 
Other changes in plan assets and benefit obligations recognized in OCI:
Net actuarial loss$2 2 1 
Amortization of net actuarial loss(2)(2)(2)
Settlement(1)(1)(2)
Total recognized in other comprehensive income(1)(1)(3)
Total recognized in net periodic benefit cost and OCI$3 3 2 
Plan Assets Measured at Fair Value on a Recurring Basis
The following tables summarize plan assets measured at fair value on a recurring basis as of December 31:
Fair Value Measurements Using(a)
2025 ($ in millions)Level 1Level 2
Level 3
Total Fair Value
Cash equivalents$2 — — 2 
Debt securities:
U.S. Treasury and federal agencies securities46 3 — 49 
Asset-backed securities and other debt securities(b)
— 30 — 30 
Total debt securities$46 33 — 79 
Total plan assets$48 33 — 81 
(a)For further information on fair value hierarchy levels, refer to Note 1.
(b)Includes corporate bonds.
Fair Value Measurements Using(a)
2024 ($ in millions)Level 1Level 2
Level 3
Total Fair Value
Cash equivalents$3 — — 3 
Debt securities:
U.S. Treasury and federal agencies securities48 3 — 51 
Asset-backed securities and other debt securities(b)
— 33 — 33 
Total debt securities$48 36 — 84 
Total plan assets$51 36 — 87 
(a)For further information on fair value hierarchy levels, refer to Note 1.
(b)Includes corporate bonds.
Plan Assumptions
The following table summarizes the weighted-average plan assumptions for the years ended December 31:
202520242023
For measuring benefit obligations at year end:
Discount rate5.31 %5.58 5.04 
For measuring net periodic benefit cost:
Discount rate5.52 5.08 5.50 
Expected return on plan assets5.51 5.09 5.52 
Weighted Average Allocation of Plan Assets
The following table provides the Bancorp’s targeted and actual weighted-average asset allocations by asset category, with mutual and exchange-traded funds incorporated according to their underlying investments, for the years ended December 31:
Targeted Range(a)  
20252024
Fixed-income securities
50-100 % 
97 95 
Cash or cash equivalents
0-100    
3 5 
Total100 %100 
(a)These reflect the targeted ranges for the year ended December 31, 2025.
v3.25.4
Accumulated Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Activity of the Components of Other Comprehensive Income and Accumulated Other Comprehensive Income
The tables below present the activity of the components of OCI and AOCI for the years ended December 31:
Total OCITotal AOCI
2025 ($ 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 the year		$1,383 (334)1,049 
Reclassification adjustment for net gains on available-for-sale debt
   securities included in net income		— — — 
Net unrealized losses on available-for-sale debt securities1,383 (334)1,049 (3,280)1,049 (2,231)
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income123 (26)97 
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities123 (26)97 (684)97 (587)
Unrealized holding gains on cash flow hedge derivatives arising
   during the year		317 (76)241 
Reclassification adjustment for net losses on cash flow hedge
   derivatives included in net income		181 (43)138 
Net unrealized losses on cash flow hedge derivatives498 (119)379 (654)379 (275)
Net actuarial loss arising during the year(2)— (2)
Reclassification of amounts to net periodic benefit costs3 — 3 
Defined benefit pension plans, net1 — 1 (16)1 (15)
Other— — — (2)— (2)
Total$2,005 (479)1,526 (4,636)1,526 (3,110)

Total OCITotal AOCI
2024 ($ 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 the year		$27 (12)15 
Unrealized losses on available-for-sale debt securities transferred to
   held-to-maturity securities		994 (209)785 
Reclassification adjustment for net losses on available-for-sale debt
   securities included in net income		18 (4)14 
Net unrealized losses on available-for-sale debt securities1,039 (225)814 (4,094)814 (3,280)
Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities(994)209 (785)
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income129 (28)101 
Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities(865)181 (684)— (684)(684)
Unrealized holding losses on cash flow hedge derivatives arising
   during the year		(724)172 (552)
Reclassification adjustment for net losses on cash flow hedge
   derivatives included in net income		351 (81)270 
Net unrealized losses on cash flow hedge derivatives(373)91 (282)(372)(282)(654)
Net actuarial loss arising during the year(2)— (2)
Reclassification of amounts to net periodic benefit costs3 — 3 
Defined benefit pension plans, net1 — 1 (17)1 (16)
Other2 — 2 (4)2 (2)
Total$(196)47 (149)(4,487)(149)(4,636)
Total OCITotal AOCI
2023 ($ 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 the year		$656 (162)494 
Reclassification adjustment for net losses on available-for-sale debt
    securities included in net income		1 — 1 
Net unrealized losses on available-for-sale debt securities657 (162)495 (4,589)495 (4,094)
Unrealized holding losses on cash flow hedge derivatives arising
    during the year		(171)40 (131)
Reclassification adjustment for net losses on cash flow hedge
    derivatives included in net income		334 (77)257 
Net unrealized losses on cash flow hedge derivatives163 (37)126 (498)126 (372)
Net actuarial loss arising during the year(1)— (1)
Reclassification of amounts to net periodic benefit costs4 (1)3 
Defined benefit pension plans, net3 (1)2 (19)2 (17)
Other— — — (4)— (4)
Total$823 (200)623 (5,110)623 (4,487)
Reclassification Out of Accumulated Other Comprehensive Income to Net Income
The table below presents reclassifications out of AOCI for the years ended December 31:
($ in millions)Consolidated Statements of
Income Caption		202520242023
Net unrealized losses on available-for-sale debt securities:(a)
Net losses included in net incomeSecurities gains, net$— (18)(1)
Income before income taxes— (18)(1)
Applicable income tax expense— 4 — 
Net income— (14)(1)
Net unrealized losses on available-for-sale debt securities
transferred to held-to-maturity securities:(a)
Net losses included in net incomeInterest on securities(123)(129)— 
Income before income taxes(123)(129)— 
Applicable income tax expense26 28 — 
Net income(97)(101)— 
Net unrealized losses on cash flow hedge derivatives:(a)
Interest rate contracts related to C&I, commercial mortgage and commercial construction loansInterest and fees on loans and leases(181)(351)(334)
Income before income taxes(181)(351)(334)
Applicable income tax expense43 81 77 
Net income(138)(270)(257)
Net periodic benefit costs:(a)
Amortization of net actuarial loss
Compensation and benefits(b)
(2)(2)(2)
Settlements
Compensation and benefits(b)
(1)(1)(2)
Income before income taxes(3)(3)(4)
Applicable income tax expense— — 1 
Net income(3)(3)(3)
Other:(a)
Net losses included in net income
Other noninterest expense
— (2)— 
Income before income taxes
— (2)— 
Applicable income tax expense
— — — 
Net income
— (2)— 
Total reclassifications for the periodNet income$(238)(390)(261)
(a)Amounts in parentheses indicate reductions to net income.
(b)This AOCI component is included in the computation of net periodic benefit cost. Refer to Note 22 for further information.
v3.25.4
Common, Preferred and Treasury Stock (Tables)
 12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Share Activity Within Common, Preferred and Treasury Stock
The table below presents a summary of the share activity within common, preferred and treasury stock for the years ended:
Common StockPreferred StockTreasury Stock
($ in millions, except share data)ValueSharesValueSharesValueShares
December 31, 2022$2,051 923,892,581 $2,116 278,000$(7,103)240,506,701 
Shares acquired for treasury— — — — (201)5,589,996 
Impact of stock transactions under stock
   compensation plans, net		— — — — 42 (3,328,926)
December 31, 2023$2,051 923,892,581 $2,116 278,000$(7,262)242,767,771 
Shares acquired for treasury— — — — (630)15,043,170 
Impact of stock transactions under stock
   compensation plans, net		— — — — 52 (3,772,190)
December 31, 2024$2,051 923,892,581 $2,116 278,000$(7,840)254,038,751 
Redemption of preferred stock, Series L— — (346)(14,000)— — 
Shares acquired for treasury— — — —(529)12,171,734 
Impact of stock transactions under stock
   compensation plans, net		— — — — 63 (3,515,691)
December 31, 2025$2,051 923,892,581 $1,770 264,000$(8,306)262,694,794 
Summary of the Bancorp's Accelerated Share Repurchase Transactions
The following table presents a summary of the Bancorp’s accelerated share repurchase transactions that were entered into and settled during the years ended December 31, 2025 and 2024:
Repurchase DateAmount  ($ in millions)Shares Repurchased on Repurchase DateShares Received from Forward Contract  SettlementTotal Shares RepurchasedFinal Settlement Date
June 12, 2024$125 3,011,621 496,767 3,508,388 June 27, 2024
July 23, 2024200 4,160,548 713,340 4,873,888 August 5, 2024
October 22, 2024300 5,879,640 781,254 6,660,894 December 18, 2024
January 23, 2025225 4,353,517 888,865 5,242,382 March 5, 2025
July 21, 2025(a)
300 5,926,098 1,003,254 6,929,352 September 29, 2025
(a)This accelerated share repurchase transaction consisted of two supplemental confirmations, each with a notional amount of $150 million.
v3.25.4
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation, RSUs
The following table summarizes RSUs activity for the years ended December 31:
202520242023
RSUs (in thousands, except per unit data)Units Weighted-Average Grant-Date Fair Value Per UnitUnits Weighted-Average Grant-Date Fair Value Per UnitUnits Weighted-Average Grant-Date Fair Value Per Unit
Outstanding at January 110,764 $36.12 10,365 $37.63 9,906 $38.04 
Granted3,437 43.66 4,546 33.87 4,763 34.94 
Released(4,133)37.27 (3,751)37.54 (3,696)35.04 
Forfeited(411)37.43 (396)36.37 (608)38.75 
Outstanding at December 319,657 $38.23 10,764 $36.12 10,365 $37.63 
Unvested RSUs by Grant-Date Fair Value
The following table summarizes outstanding RSUs by grant-date fair value per unit at December 31, 2025:
Outstanding RSUs
RSUs (in thousands)
Units
Weighted-Average 
Remaining Contractual Life (in years)
Under $25.00
304 0.1
$25.01-$30.00
321 0.3
$30.01-$35.00
3,188 1.1
$35.01-$40.00
2,017 0.7
$40.01-$45.00
3,114 1.6
$45.01 and over
713 0.2
All RSUs9,657 1.1
Schedule of Share-based Payment Award, Stock Appreciation Rights, Valuation Assumptions
The weighted-average assumptions were as follows for the years ended December 31:
20242023
Expected life (in years)77
Expected volatility33 %31 
Expected dividend yield4.2 3.6 
Risk-free interest rate4.1 3.8 
Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity
The following table summarizes SARs activity for the years ended December 31:
202520242023
SARs (in thousands, except per share data)Number of
SARs		Weighted-
Average Grant
Price Per Share		Number of
SARs		Weighted-
Average Grant
Price Per Share		Number of
SARs		Weighted-
Average Grant
Price Per Share 
Outstanding at January 14,636 $26.80 7,331 $23.72 9,112 $22.22 
Granted— — 316 33.51 253 37.19 
Exercised(1,372)21.64 (3,010)20.01 (2,011)18.42 
Forfeited or expired— — (1)19.01 (23)40.36 
Outstanding at December 313,264 $28.96 4,636 $26.80 7,331 $23.72 
Exercisable at December 312,973 $28.42 4,063 $25.39 6,796 $22.44 
Outstanding and Exercisable SARs by Grant Price
The following table summarizes outstanding and exercisable SARs by grant price per share at December 31, 2025:
Outstanding SARsExercisable SARs
SARs (in thousands, except per share data)Number of
SARs		Weighted-Average Grant Price Per ShareWeighted-
Average Remaining
Contractual Life
(in years)		Number of
SARs		Weighted-Average Grant Price Per ShareWeighted-
Average Remaining
Contractual Life
(in years)
$10.01-$20.00
759 $17.89 0.3759 $17.89 0.3
$20.01-$30.00
1,177 26.97 1.81,177 26.97 1.8
$30.01-$40.00
1,085 34.28 6.0794 34.19 5.4
Over $40.00
243 49.51 6.1243 49.51 6.1
All SARs3,264 $28.96 3.22,973 $28.42 2.7
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes stock options activity for the years ended December 31:
202520242023
Stock Options (in thousands, except per share data)  Number of OptionsWeighted-Average Exercise Price Per ShareNumber of OptionsWeighted-Average Exercise Price Per ShareNumber of OptionsWeighted-Average Exercise Price Per Share
Outstanding at January 195 $22.03 224 $21.45 312 $21.65 
Exercised(34)20.28 (129)21.03 (86)21.97 
Forfeited or expired— — — — (2)27.71 
Outstanding at December 3161 $23.01 95 $22.03 224 $21.45 
Exercisable at December 3161 $23.01 95 $22.03 224 $21.45 
Schedule of Outstanding And Exercisable Stock Options Exercise Price
The following table summarizes outstanding and exercisable stock options by exercise price per share at December 31, 2025:
Outstanding Stock OptionsExercisable Stock Options
Stock Options (in thousands, except per share data)Number of OptionsWeighted-Exercise Price Per ShareWeighted-Average Remaining Contractual Life (in years)Number of OptionsWeighted-Exercise Price Per ShareWeighted-Average Remaining Contractual Life (in years)
$10.01-$20.00
23 $18.41 0.223 $18.41 0.2
$20.01-$30.00
38 25.88 1.738 25.88 1.7
All stock options61 $23.01 1.161 $23.01 1.1
v3.25.4
Other Noninterest Income and Other Noninterest Expense (Tables)
 12 Months Ended
Dec. 31, 2025
Noninterest Income [Abstract]  
Other Noninterest Income and Other Noninterest Expense
The following table presents the major components of other noninterest income and other noninterest expense for the years ended December 31:
($ in millions)202520242023
Other noninterest income:
BOLI income$74 6661
Equity method investment income31 1852
Private equity investment income26 3544
Income from the TRA associated with Worldpay, Inc.— 1122
Loss on swap associated with the sale of Visa, Inc. Class B Shares(45)(138)(94)
Other, net40 206
Total other noninterest income$126 1291
Other noninterest expense:
FDIC insurance and other taxes$114 181 385 
Data processing82 81 87 
Leasing business expense73 92 121 
Losses and adjustments68 86 91 
Dues and subscriptions66 61 61 
Travel63 60 56 
Donations63 28 30 
Securities recordkeeping57 55 50 
Professional service fees53 49 53 
Postal and courier49 48 46 
Other, net227 232 245 
Total other noninterest expense$915 973 1,225 
v3.25.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Basic and Diluted
The following table provides the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share for the years ended December 31:
($ in millions, except per share data)202520242023
Net income available to common shareholders$2,376 2,155 2,212 
Average common shares outstanding - basic668 682 684 
Effect of dilutive stock-based awards5 5 4 
Average common shares outstanding - diluted673 687 688 
Earnings per share - basic$3.56 3.16 3.23 
Earnings per share - diluted3.53 3.14 3.22 
Anti-dilutive stock-based awards excluded from diluted shares1 1 6 
v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables summarize assets and liabilities measured at fair value on a recurring basis as of:
Fair Value Measurements Using
December 31, 2025 ($ 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 $2, respectively, at December 31, 2025.
(b)Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.
(c)Included in other assets in the Consolidated Balance Sheets.
(d)Included in other liabilities in the Consolidated Balance Sheets.
Fair Value Measurements Using
December 31, 2024 ($ in millions)Level 1Level 2Level 3Total Fair Value
Assets:
   Available-for-sale debt and other securities:
U.S. Treasury and federal agencies securities$4,360 — — 4,360 
Mortgage-backed securities:
Agency residential mortgage-backed securities— 5,681 — 5,681 
Agency commercial mortgage-backed securities— 20,832 — 20,832 
Non-agency commercial mortgage-backed securities— 4,167 — 4,167 
Asset-backed securities and other debt securities— 3,729 — 3,729 
Available-for-sale debt and other securities(a)
4,360 34,409 — 38,769 
Trading debt securities:
U.S. Treasury and federal agencies securities591 35 — 626 
Obligations of states and political subdivisions securities— 120 — 120 
Agency residential mortgage-backed securities— 10 — 10 
Asset-backed securities and other debt securities— 429 — 429 
Trading debt securities591 594 — 1,185 
Equity securities307 34 — 341 
Residential mortgage loans held for sale— 574 — 574 
Residential mortgage loans(b)
— — 108 108 
Servicing rights— — 1,704 1,704 
Derivative assets:
Interest rate contracts7 721 2 730 
Foreign exchange contracts— 1,167 — 1,167 
Commodity contracts75 500 — 575 
Derivative assets(c)
82 2,388 2 2,472 
Total assets$5,340 37,999 1,814 45,153 
Liabilities:
Derivative liabilities:
Interest rate contracts$— 939 5 944 
Foreign exchange contracts— 1,120 — 1,120 
Equity contracts— — 170 170 
Commodity contracts57 507 — 564 
Derivative liabilities(d)
57 2,566 175 2,798 
Short positions:
U.S. Treasury and federal agencies securities139 — — 139 
Asset-backed securities and other debt securities— 156 — 156 
Equity securities21 — — 21 
Short positions(d)
160 156 — 316 
Total liabilities$217 2,722 175 3,114 
(a)Excludes FHLB, FRB and DTCC restricted stock holdings totaling $276, $500 and $2, respectively, at December 31, 2024.
(b)Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment.
(c)Included in other assets in the Consolidated Balance Sheets.
(d)Included in other liabilities in the Consolidated Balance Sheets.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
For the year ended December 31, 2025 ($ in millions)Residential Mortgage LoansServicing
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)
Included in earnings6 (169)65 (45)(143)
Purchases/originations— 63 (2)— 61 
Settlements(12)— (59)91 20 
Transfers into Level 3(c)
4 — — — 4 
Balance, end of period$106 1,598 1 (124)1,581 
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 December 31, 2025
$6 (78)8 (45)(109)
(a)Net interest rate derivatives include derivative assets and liabilities of $5 and $4, respectively, as of December 31, 2025.
(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at December 31, 2025.
(c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
For the year ended December 31, 2024 ($ in millions)Residential Mortgage LoansServicing
Rights
Interest Rate
Derivatives,
Net(a)
Equity
Derivatives		Total Fair Value
Balance, beginning of period$116 1,737 — (168)1,685 
Total (losses) gains (realized/unrealized):(b)
Included in earnings(1)(77)41 (138)(175)
Purchases/originations— 49 (1)— 48 
Sales— (5)— — (5)
Settlements(11)— (43)136 82 
Transfers into Level 3(c)
4 — — — 4 
Balance, end of period$108 1,704 (3)(170)1,639 
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 December 31, 2024
$(1)14 6 (138)(119)
(a)Net interest rate derivatives include derivative assets and liabilities of $2 and $5, respectively, as of December 31, 2024.
(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at December 31, 2024.
(c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
For the year ended December 31, 2023 ($ in millions)Residential Mortgage LoansServicing
Rights
Interest Rate
Derivatives,
Net(a)
Equity
Derivatives		Total Fair Value
Balance, beginning of period$123 1,746 (1)(195)1,673 
Total (losses) gains (realized/unrealized):(b)
Included in earnings2 (105)53 (94)(144)
Purchases/originations— 96 (3)— 93 
Settlements(15)— (49)121 57 
Transfers into Level 3(c)
6 — — — 6 
Balance, end of period$116 1,737 — (168)1,685 
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 December 31, 2023
$2 (28)5 (94)(115)
(a)Net interest rate derivatives include $6 for both derivative assets and liabilities as of December 31, 2023.
(b)There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at December 31, 2023.
(c)Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
Total Gains and Losses Included in Earnings for Assets and Liabilites Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)
The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023 as follows:
($ in millions)202520242023
Mortgage banking net revenue$(101)(38)(54)
Capital markets fees3 2 4 
Other noninterest income(45)(139)(94)
Total losses$(143)(175)(144)

The total losses and gains included in earnings attributable to changes in unrealized gains and losses related to Level 3 assets and liabilities still held at December 31, 2025, 2024 and 2023 were recorded in the Consolidated Statements of Income as follows:
($ in millions)202520242023
Mortgage banking net revenue$(67)18 (25)
Capital markets fees3 2 4 
Other noninterest income(45)(139)(94)
Total losses$(109)(119)(115)
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Inputs
The following tables present information as of December 31, 2025 and 2024 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 December 31, 2025 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable
Inputs		Range of InputsWeighted-Average
Residential mortgage loans$106 Loss rate modelInterest rate risk factor(52.0)-6.6%(9.4)%
(a)
Credit risk factor— -0.8%0.1 %
(a)
Servicing rights1,598 DCFPrepayment speed— -80.0%(Fixed)7.2 %
(b)
(Adjustable)19.5 %
(b)
OAS (bps)335-1,827(Fixed)441
(b)
(Adjustable)719
(b)
IRLCs, net5 DCFLoan closing rates19.9 -96.0%84.0 %
(c)
Swap associated with the sale of Visa, Inc. Class B Shares(124)DCFTiming of the resolution of the Covered LitigationQ4 2027-Q2 2029Q2 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 December 31, 2024 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable
Inputs		Range of InputsWeighted-Average
Residential mortgage loans$108 Loss rate modelInterest rate risk factor(51.9)-4.6%(13.3)%
(a)
Credit risk factor— -0.5%0.2 %
(a)
Servicing rights1,704 DCFPrepayment speed— -100.0%(Fixed)5.8 %
(b)
(Adjustable)16.9 %
(b)
OAS (bps)420-1,823(Fixed)459
(b)
(Adjustable)731
(b)
IRLCs, net2 DCFLoan closing rates20.8 -96.0%83.5 %
(c)
Swap associated with the sale of Visa, Inc. Class B Shares(170)DCFTiming of the resolution of the Covered LitigationQ2 2027-Q1 2028Q4 2027
(d)
(a)Unobservable inputs were weighted by the relative carrying value of the instruments.
(b)Unobservable inputs were weighted by the relative unpaid principal balance of the instruments.
(c)Unobservable inputs were weighted by the relative notional amount of the instruments.
(d)Unobservable inputs were weighted by the probability of the final funding date of the instruments.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
The following tables provide the fair value hierarchy and carrying amount of all assets that were held as of December 31, 2025 and 2024, and for which a nonrecurring fair value adjustment was recorded during the years ended December 31, 2025 and 2024, and the related gains and losses from fair value adjustments on assets sold during the period as well as assets still held as of the end of the period.
Fair Value Measurements UsingTotal (Losses) Gains
As of December 31, 2025 ($ in millions)Level 1Level 2Level 3TotalFor the year ended December 31, 2025
Commercial loans and leases$— — 146 146 (524)
Consumer and residential mortgage loans— — 235 235 (12)
OREO— — 4 4 8 
Bank premises and equipment— — 1 1 (1)
Private equity investments— 13 — 13 4 
Total$— 13 386 399 (525)
Fair Value Measurements UsingTotal (Losses) Gains
As of December 31, 2024 ($ in millions)Level 1Level 2Level 3TotalFor the year ended December 31, 2024
Commercial loans held for sale$— — 6 6 (1)
Commercial loans and leases— — 168 168 (245)
Consumer and residential mortgage loans— — 215 215 (17)
OREO— — 2 2 (2)
Bank premises and equipment— — 7 7 (1)
Private equity investments— 3 — 3 11 
Total$— 3 398 401 (255)
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques
The following tables present information as of December 31, 2025 and 2024 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 December 31, 2025 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable InputsRanges of
Inputs		Weighted-Average
Commercial loans and leases$146 Appraised valueCollateral valueNMNM
Consumer and residential mortgage loans235 Appraised valueCollateral valueNMNM
OREO4 Appraised valueAppraised valueNMNM
Bank premises and equipment1 Appraised valueAppraised valueNMNM
As of December 31, 2024 ($ in millions)
Financial InstrumentFair ValueValuation TechniqueSignificant Unobservable Inputs
Ranges of  
Inputs
Weighted-Average
Commercial loans held for sale$6 Comparable company analysisMarket comparable transactionsNMNM
Commercial loans and leases168 Appraised valueCollateral valueNMNM
Consumer and residential mortgage loans215 Appraised valueCollateral valueNMNM
OREO2 Appraised valueAppraised valueNMNM
Bank premises and equipment7 Appraised valueAppraised valueNMNM
Difference Between the Aggregate Fair Value and the Aggregate Unpaid Principal Balance for Residential Mortgage Loans Measured at Fair Value
The following table summarizes the fair value and the unpaid principal balance for residential mortgage loans measured at fair value as of:
December 31, 2025 ($ in millions)Aggregate  Fair ValueAggregate Unpaid Principal Balance
Residential mortgage loans measured at fair value$764 758 
Past due loans of 30-89 days2 2 
Nonaccrual loans4 4 
December 31, 2024
Residential mortgage loans measured at fair value$682 693 
Past due loans of 30-89 days1 1 
Past due loans of 90 days or more1 1 
Nonaccrual loans2 2 
Carrying Amounts and Estimated Fair Values for Certain Financial Instruments
The following tables summarize the carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments measured at fair value on a recurring basis:
Net Carrying
Fair Value Measurements Using
Total
As of December 31, 2025 ($ in millions)AmountLevel 1Level 2Level 3Fair Value
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$171,819 — 171,899 — 171,899 
Short-term borrowings926 226 700 — 926 
Long-term debt13,579 5,067 8,938 — 14,005 
Net Carrying
Fair Value Measurements Using
Total
As of December 31, 2024 ($ in millions)AmountLevel 1Level 2Level 3Fair Value
Financial assets:
Cash and due from banks$3,014 3,014 — — 3,014 
Other short-term investments17,120 17,120 — — 17,120 
Other securities778 — 778 — 778 
Held-to-maturity securities11,278 2,344 8,619 2 10,965 
Loans and leases held for sale66 — — 66 66 
Portfolio loans and leases:
Commercial loans and leases72,139 — — 72,319 72,319 
Consumer and residential mortgage loans45,192 — — 42,155 42,155 
Total portfolio loans and leases, net$117,331 — — 114,474 114,474 
Financial liabilities:
Deposits$167,252 — 167,353 — 167,353 
Short-term borrowings4,654 204 4,459 — 4,663 
Long-term debt14,440 3,753 10,835 — 14,588 
v3.25.4
Regulatory Capital Requirements and Capital Ratios (Tables)
 12 Months Ended
Dec. 31, 2025
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Capital and Risk-Based Capital and Leverage Ratios for the Bancorp and its Significant Subsidiary Banks
The following table presents the prescribed capital ratios as well as the actual ratios and amounts for the Bancorp and Bank as of December 31:
Regulatory Ratio Requirements2025
2024(a)
($ in millions)MinimumWell-CapitalizedRatioAmountRatioAmount
CET1 risk-based capital:
Fifth Third Bancorp4.50 %N/A10.81 %$18,099 10.57 %$17,339 
Fifth Third Bank, National Association4.50 6.50 13.09 21,766 12.86 20,943 
Tier 1 risk-based capital:
Fifth Third Bancorp6.00 6.00 11.87 19,869 11.86 19,455 
Fifth Third Bank, National Association6.00 8.00 13.09 21,766 12.86 20,943 
Total risk-based capital:
Fifth Third Bancorp8.00 10.00 13.78 23,066 13.86 22,746 
Fifth Third Bank, National Association8.00 10.00 14.33 23,833 14.19 23,116 
Leverage:(b)
Fifth Third Bancorp4.00 N/A9.41 19,869 9.22 19,455 
Fifth Third Bank, National Association4.00 5.00 10.41 21,766 10.02 20,943 
(a)Regulatory capital ratios and amounts as of December 31, 2024 were calculated pursuant to the five-year transition provision option to phase in the effects of CECL on regulatory capital. This has been fully phased in as of January 1, 2025.
(b)Quarterly average assets are a component of the leverage ratio and, for this purpose, do not include goodwill or any other assets that the U.S. banking agencies determine should be deducted from Tier 1 capital.
v3.25.4
Parent Company Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Condensed Statements of Income (Parent Company Only)
Condensed Statements of Income (Parent Company Only)
For the years ended December 31 ($ in millions)202520242023
Income
Dividends from consolidated nonbank subsidiaries(a)
$2,185 1,800 1,819 
Securities gains, net2 3 4 
Interest 116 85 63 
Total income2,303 1,888 1,886 
Expenses
Interest517 553 525 
Other36 27 39 
Total expenses553 580 564 
Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries1,750 1,308 1,322 
Applicable income tax benefit(98)(115)(112)
Income Before Equity in Undistributed Earnings of Subsidiaries1,848 1,423 1,434 
Equity in undistributed earnings674 891 915 
Net Income$2,522 2,314 2,349 
Other Comprehensive Income— — — 
Comprehensive Income$2,522 2,314 2,349 
(a)Includes dividends paid by the Bancorp’s indirect banking and nonbanking subsidiaries to the Bancorp’s direct nonbank subsidiary holding company of $2.2 billion for the year ended December 31, 2025 and $1.8 billion for both the years ended December 31, 2024 and 2023.
Condensed Balance Sheets (Parent Company Only)
Condensed Balance Sheets (Parent Company Only)
As of December 31 ($ in millions)20252024
Assets
Cash$974 969 
Other short-term investments2,213 3,106 
Available-for-sale debt and other securities2,500 2,500 
Equity securities26 29 
Loans to nonbank subsidiaries— 5 
Investment in nonbank subsidiaries25,253 22,891 
Goodwill80 80 
Other assets125 156 
Total Assets$31,171 29,736 
Liabilities
Short-term borrowings$3 3 
Accrued expenses and other liabilities558 567 
Long-term debt (external)8,886 9,521 
Total Liabilities$9,447 10,091 
Equity
Common stock$2,051 2,051 
Preferred stock1,770 2,116 
Capital surplus3,831 3,804 
Retained earnings25,488 24,150 
Accumulated other comprehensive loss(3,110)(4,636)
Treasury stock(8,306)(7,840)
Total Equity21,724 19,645 
Total Liabilities and Equity$31,171 29,736 
Condensed Statements of Cash Flows (Parent Company Only)
Condensed Statements of Cash Flows (Parent Company Only)   
For the years ended December 31 ($ in millions)202520242023
Operating Activities   
Net income$2,522 2,314 2,349 
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and accretion7 7 7 
Provision for deferred income taxes1 2 1 
Securities gains, net(2)(3)(4)
Equity in undistributed earnings(674)(891)(915)
Net change in:
Equity securities5 8 4 
Other assets128 (49)147 
Accrued expenses and other liabilities(19)(60)(126)
Net Cash Provided by Operating Activities1,968 1,328 1,463 
Investing Activities
Proceeds from maturities of securities issued by subsidiary2,500 1,000 1,000 
Purchase of securities issued by subsidiary(2,500)(2,500)(1,000)
Net change in:
Other short-term investments893 3,394 (833)
Loans to nonbank subsidiaries5 (5)60 
Other(2)— — 
Net Cash Provided by (Used in) Investing Activities896 1,889 (773)
Financing Activities
Net change in short-term borrowings
— 3 (121)
Proceeds from issuance of long-term debt— 1,742 1,244 
Repayment of long-term debt(750)(2,250)(500)
Dividends paid on common and preferred stock(1,163)(1,176)(1,060)
Repurchase of treasury stock and related forward contract(525)(625)(200)
Redemption of preferred stock, Series L(350)— — 
Other, net(71)(62)(53)
Net Cash Used in Financing Activities(2,859)(2,368)(690)
Increase in Cash5 849 — 
Cash at Beginning of Period969 120 120 
Cash at End of Period$974 969 120 
v3.25.4
Business Segments (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Results of Operations and Assets by Segment
The following tables present the results of operations and average assets by segment for the years ended December 31:
2025 ($ in millions)Commercial
Banking		Consumer and Small Business BankingWealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$2,323 4,168 213 (702)6,002 
Provision for (benefit from) credit losses451 325 (2)(112)662 
Net interest income after provision for (benefit from) credit losses$1,872 3,843 215 (590)5,340 
Noninterest income:
Wealth and asset management revenue$2 279 422 1 704 
Commercial payments revenue553 87 1 (11)630 
Consumer banking revenue— 569 2 — 571 
Capital markets fees412 2 2 (1)415 
Commercial banking revenue344 4 1 — 349 
Mortgage banking net revenue— 226 1 — 227 
Other noninterest income59 26 2 39 126 
Securities gains (losses), net(7)— — 20 13 
Total noninterest income$1,363 1,193 431 48 3,035 
Noninterest expense:
Compensation and benefits$637 935 226 1,017 2,815 
Technology and communications15 32 — 469 516 
Net occupancy expense36 217 13 83 349 
Equipment expense31 58 — 80 169 
Loan and lease expense38 83 1 24 146 
Marketing expense4 91 1 46 142 
Card and processing expense18 72 2 — 92 
Other noninterest expense(b)
1,114 1,103 151 (1,453)915 
Total noninterest expense$1,893 2,591 394 266 5,144 
Income (loss) before income taxes (FTE)(a)
$1,342 2,445 252 (808)3,231 
Average assets$77,765 56,107 4,832 72,779 211,483 
(a)Includes FTE adjustments of $11 for Commercial Banking and $9 for General Corporate and Other.
(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.
2024 ($ in millions)Commercial BankingConsumer and Small Business BankingWealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$2,544 4,272 210 (1,372)5,654 
Provision for (benefit from) credit losses304 322 — (96)530 
Net interest income after provision for (benefit from) credit losses$2,240 3,950 210 (1,276)5,124 
Noninterest income:
Wealth and asset management revenue$3 247 397 — 647 
Commercial payments revenue519 86 1 2 608 
Consumer banking revenue— 551 2 2 555 
Capital markets fees420 3 2 (1)424 
Commercial banking revenue373 4 — — 377 
Mortgage banking net revenue— 210 1 — 211 
Other noninterest income52 5 1 (46)12 
Securities gains, net1 — — 14 15 
Total noninterest income$1,368 1,106 404 (29)2,849 
Noninterest expense:
Compensation and benefits$643 895 222 1,003 2,763 
Technology and communications14 30 1 429 474 
Net occupancy expense34 214 12 79 339 
Equipment expense28 51 — 74 153 
Loan and lease expense29 82 1 20 132 
Marketing expense3 68 1 43 115 
Card and processing expense9 75 1 (1)84 
Other noninterest expense(b)
1,087 1,104 149 (1,367)973 
Total noninterest expense$1,847 2,519 387 280 5,033 
Income (loss) before income taxes (FTE)(a)
$1,761 2,537 227 (1,585)2,940 
Average assets$76,463 52,341 4,390 79,612 212,806 
(a)Includes FTE adjustments of $15 for Commercial Banking and $9 for General Corporate and Other.
(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.
(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.
2023 ($ in millions)Commercial
Banking		Consumer and Small Business BankingWealth
and Asset
Management
General
Corporate
and Other(c)
Total
Net interest income (FTE)(a)
$3,693 5,342 360 (3,543)5,852 
Provision for credit losses12 303 1 199 515 
Net interest income after provision for credit losses$3,681 5,039 359 (3,742)5,337 
Noninterest income:
Wealth and asset management revenue$2 216 363 — 581 
Commercial payments revenue464 94 1 5 564 
Consumer banking revenue— 544 2 — 546 
Capital markets fees418 3 1 — 422 
Commercial banking revenue406 2 — 1 409 
Mortgage banking net revenue— 250 — — 250 
Other noninterest income64 7 2 18 91 
Securities gains (losses), net(9)— — 27 18 
Total noninterest income$1,345 1,116 369 51 2,881 
Noninterest expense:
Compensation and benefits$642 890 220 942 2,694 
Technology and communications14 27 1 422 464 
Net occupancy expense40 210 12 69 331 
Equipment expense29 44 — 75 148 
Loan and lease expense29 87 1 16 133 
Marketing expense3 70 1 52 126 
Card and processing expense11 76 1 (4)84 
Other noninterest expense(b)
1,194 1,152 139 (1,260)1,225 
Total noninterest expense$1,962 2,556 375 312 5,205 
Income (loss) before income taxes (FTE)(a)
$3,064 3,599 353 (4,003)3,013 
Average assets$82,392 51,660 4,678 69,696 208,426 
(a)Includes FTE adjustments of $16 for Commercial Banking and $9 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.
v3.25.4
Summary of Significant Accounting and Reporting Policies - Portfolio Loans and Leases (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Commercial  
Financing Receivable, Recorded Investment, Past Due  
Threshold period past due for nonaccrual loans 90 days
Established threshold nonaccrual commercial loans $ 1
Commercial | Credit card  
Financing Receivable, Recorded Investment, Past Due  
Loans modified as TDR maintained on accrual status, payment history, period 6 months
Residential Mortgage | Residential mortgage loans  
Financing Receivable, Recorded Investment, Past Due  
Threshold period past due for nonaccrual loans 150 days
Foreclosure process, period 180 days
Threshold period past due for accrual loans 90 days
Consumer | Home equity  
Financing Receivable, Recorded Investment, Past Due  
Threshold period past due for nonaccrual loans 90 days
Threshold period past due for nonaccrual loans, with senior lien in default 60 days
Senior lien in default, threshold period 120 days
Consumer | Credit card  
Financing Receivable, Recorded Investment, Past Due  
Threshold period past due 90 days
Consumer | Indirect Secured Consumer Loan And Other Consumer Loan  
Financing Receivable, Recorded Investment, Past Due  
Threshold period past due for nonaccrual loans 90 days
Consumer | Consumer Loan  
Financing Receivable, Recorded Investment, Past Due  
Threshold period past due for nonaccrual loans 60 days
Threshold past due for nonaccrual loans, principal or interest 60 days
v3.25.4
Summary of Significant Accounting and Reporting Policies - ALLL (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Commercial And Credit Card Portfolio Segment  
Financing Receivable, Recorded Investment, Past Due  
Term of nonaccrual status of modified loan 6 months
Large Commercial Loans and Leases  
Financing Receivable, Recorded Investment, Past Due  
Larger commercial loans, subject to impairment review $ 1
Commercial  
Financing Receivable, Recorded Investment, Past Due  
Loans modified as TDR maintained on accrual status, payment history, period 6 months
v3.25.4
Summary of Significant Accounting and Reporting Policies - Pension Plans (Details)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Net gain (loss) in excess of projected benefit obligation, percentage 10.00%
v3.25.4
Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Payments:      
Interest $ 3,974 $ 4,871 $ 3,776
Total income taxes paid, net of refunds received 185 193 655
Transfers:      
Portfolio loans and leases to loans and leases held for sale 346 422 513
Loans and leases held for sale to portfolio loans and leases 5 4 6
Portfolio loans and leases to OREO 23 23 12
Bank premises and equipment to OREO 15 9 30
Available-for-sale debt securities to held-to-maturity securities 0 11,593 0
Supplemental Disclosures:      
Net additions to lease liabilities under operating leases 173 74 72
Net additions (reductions) to lease liabilities under finance leases $ 32 $ 44 $ (6)
v3.25.4
Restrictions on Dividends and Capital Actions (Details) - USD ($)
$ / shares in Units, $ in Billions
 3 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash and Cash Equivalents [Abstract]        
Dividends from consolidated nonbank subsidiaries   $ 2.2 $ 1.8  
Common stock dividends, per share (in dollars per share) $ 0.40 $ 1.54 $ 1.44 $ 1.36
v3.25.4
Investment Securities - Investment Securities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Available-for-sale debt and other securities:    
Amortized Cost $ 39,107 $ 43,878
Unrealized Gains 25 6
Unrealized Losses (2,973) (4,337)
Fair Value 36,159 39,547
Held-to-maturity securities:(b)    
Amortized Cost 11,368 11,278
Unrealized Gains 85 0
Unrealized Losses (49) (313)
Fair Value 11,404 10,965
Trading debt securities 1,057 1,185
Equity securities 453 341
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale Transferred to Held-to-Maturity, Parent    
Held-to-maturity securities:(b)    
AOCI offset, unamortized portion of unrealized losses on securities 742 865
U.S. Treasury and federal agencies securities    
Available-for-sale debt and other securities:    
Amortized Cost 1,575 4,358
Unrealized Gains 0 2
Unrealized Losses 0 0
Fair Value 1,575 4,360
Held-to-maturity securities:(b)    
Amortized Cost 2,438 2,370
Unrealized Gains 19 0
Unrealized Losses 0 (26)
Fair Value 2,457 2,344
Agency mortgage-backed securities | Residential mortgage backed securities    
Available-for-sale debt and other securities:    
Amortized Cost 9,138 6,460
Unrealized Gains 18 0
Unrealized Losses (533) (779)
Fair Value 8,623 5,681
Held-to-maturity securities:(b)    
Amortized Cost 5,023 4,898
Unrealized Gains 23 0
Unrealized Losses (44) (197)
Fair Value 5,002 4,701
Agency mortgage-backed securities | Commercial mortgage-backed securities    
Available-for-sale debt and other securities:    
Amortized Cost 22,307 23,853
Unrealized Gains 4 1
Unrealized Losses (2,124) (3,022)
Fair Value 20,187 20,832
Held-to-maturity securities:(b)    
Amortized Cost 3,905 4,008
Unrealized Gains 43 0
Unrealized Losses (5) (90)
Fair Value 3,943 3,918
Non-agency mortgage-backed securities | Commercial mortgage-backed securities    
Available-for-sale debt and other securities:    
Amortized Cost 3,032 4,505
Unrealized Gains 1 0
Unrealized Losses (200) (338)
Fair Value 2,833 4,167
Asset-backed securities and other debt securities    
Available-for-sale debt and other securities:    
Amortized Cost 2,381 3,924
Unrealized Gains 2 3
Unrealized Losses (116) (198)
Fair Value 2,267 3,729
Held-to-maturity securities:(b)    
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:    
Amortized Cost 674 778
Unrealized Gains 0 0
Unrealized Losses 0 0
Fair Value 674 778
Held-to-maturity securities:(b)    
FHLB, restricted stock holdings 167 276
FRB, restricted stock holdings 505 500
DTCC, restricted stock holdings $ 2 $ 2
v3.25.4
Investment Securities - Additional Information (Details) - USD ($)
$ in Millions
 1 Months Ended 12 Months Ended
Jan. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investments, Unrealized Loss Position        
Accrued interest receivables on investment securities   $ 139 $ 162  
Transfer of available-for-sale securities to held-to-maturity $ 12,600      
OCI, available-for-sale debt securities transferred to held-to-maturity, pretax unrealized losses $ 994      
Impairment losses   0 (21) $ (5)
Securities with a fair value, pledged as collateral   28,600 30,000  
Unrealized losses   2,973 4,337  
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale Transferred to Held-to-Maturity, Parent        
Investments, Unrealized Loss Position        
AOCI offset, unamortized portion of unrealized losses on securities   742 865  
Non-rated Securities        
Investments, Unrealized Loss Position        
Unrealized losses   $ 24 $ 34  
v3.25.4
Investment Securities - Gains and Losses Recognized in Income from Securities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Available-for-sale debt and other securities:      
Realized gains $ 10 $ 5 $ 34
Realized losses (10) (2) (30)
Impairment losses 0 21 5
Net gains (losses) on available-for-sale debt and other securities 0 (18) (1)
Trading debt securities:      
Net unrealized gains 0 0 3
Net trading debt securities gains 0 0 3
Equity securities:      
Net realized (losses) gains (44) 15 5
Net unrealized gains 57 18 11
Net equity securities gains 13 33 16
Total (losses) gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities 13 15 18
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 $ 14 $ 5 $ 13
v3.25.4
Investment Securities - Amortized Cost and Fair Value of Available-for-Sale Debt and Held-to-Maturity Securities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Available-for-Sale Debt and Other, Amortized Cost    
Due in 1 year or less $ 3,014  
Due after 1 year through 5 years 12,689  
Due after 5 years through 10 years 18,317  
Due after 10 years 4,413  
Other securities 674  
Amortized Cost 39,107 $ 43,878
Available-for-Sale Debt and Other, Fair Value    
Due in 1 year or less 2,996  
Due after 1 year through 5 years 12,112  
Due after 5 years through 10 years 16,501  
Due after 10 years 3,876  
Other securities 674  
Fair Value 36,159 39,547
Held-to-Maturity, Amortized Cost    
Due in 1 year or less 602  
Due after 1 year through 5 years 2,971  
Due after 5 years through 10 years 7,594  
Due after 10 years 201  
Other securities 0  
Amortized Cost 11,368 11,278
Held-to-Maturity, Fair Value    
Due in 1 year or less 603  
Due after 1 year through 5 years 3,004  
Due after 5 years through 10 years 7,593  
Due after 10 years 204  
Other securities 0  
Fair Value $ 11,404 $ 10,965
v3.25.4
Investment Securities - Fair Value and Gross Unrealized Losses on Available-for-Sale Debt Securities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Fair Value    
Less than 12 months $ 2,964 $ 2,253
12 months or more 29,029 32,243
Total 31,993 34,496
Unrealized Losses    
Less than 12 months (9) (34)
12 months or more (2,964) (4,303)
Total (2,973) (4,337)
Amortized Cost 11,368 11,278
U.S. Treasury and federal agencies securities    
Fair Value    
Less than 12 months 1,225 569
12 months or more 0 0
Total 1,225 569
Unrealized Losses    
Less than 12 months 0 0
12 months or more 0 0
Total 0 0
Amortized Cost 2,438 2,370
Agency mortgage-backed securities | Residential mortgage backed securities    
Fair Value    
Less than 12 months 1,454 1,061
12 months or more 4,615 4,566
Total 6,069 5,627
Unrealized Losses    
Less than 12 months (7) (14)
12 months or more (526) (765)
Total (533) (779)
Amortized Cost 5,023 4,898
Agency mortgage-backed securities | Commercial mortgage-backed securities    
Fair Value    
Less than 12 months 149 157
12 months or more 19,826 20,536
Total 19,975 20,693
Unrealized Losses    
Less than 12 months (1) (6)
12 months or more (2,123) (3,016)
Total (2,124) (3,022)
Amortized Cost 3,905 4,008
Non-agency mortgage-backed securities | Commercial mortgage-backed securities    
Fair Value    
Less than 12 months 1 183
12 months or more 2,695 3,984
Total 2,696 4,167
Unrealized Losses    
Less than 12 months 0 (3)
12 months or more (200) (335)
Total (200) (338)
Asset-backed securities and other debt securities    
Fair Value    
Less than 12 months 135 283
12 months or more 1,893 3,157
Total 2,028 3,440
Unrealized Losses    
Less than 12 months (1) (11)
12 months or more (115) (187)
Total (116) (198)
Amortized Cost $ 2 $ 2
v3.25.4
Loans and Leases - Loans and Leases Classified by Primary Purpose (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Loans and leases held for sale:    
Loans and leases held for sale $ 733 $ 640
Portfolio loans and leases:    
Portfolio loans and leases 122,651 119,791
Commercial    
Portfolio loans and leases:    
Portfolio loans and leases 73,562 73,293
Commercial | Commercial and industrial loans    
Loans and leases held for sale:    
Loans and leases held for sale 46 15
Portfolio loans and leases:    
Portfolio loans and leases 52,749 52,271
Commercial | Commercial mortgage loans    
Loans and leases held for sale:    
Loans and leases held for sale 29 22
Portfolio loans and leases:    
Portfolio loans and leases 12,228 12,246
Commercial | Commercial construction loans    
Loans and leases held for sale:    
Loans and leases held for sale 0 29
Portfolio loans and leases:    
Portfolio loans and leases 5,316 5,588
Commercial | Commercial leases    
Portfolio loans and leases:    
Portfolio loans and leases 3,269 3,188
Consumer    
Portfolio loans and leases:    
Portfolio loans and leases 49,089 46,498
Consumer | Residential mortgage loans    
Loans and leases held for sale:    
Loans and leases held for sale 658 574
Portfolio loans and leases:    
Portfolio loans and leases 17,652 17,543
Consumer | Home equity    
Portfolio loans and leases:    
Portfolio loans and leases 4,846 4,188
Consumer | Indirect secured consumer loans    
Portfolio loans and leases:    
Portfolio loans and leases 17,964 16,313
Consumer | Credit card    
Portfolio loans and leases:    
Portfolio loans and leases 1,747 1,734
Consumer | Solar energy installation loans    
Portfolio loans and leases:    
Portfolio loans and leases 4,560 4,202
Consumer | Other consumer loans    
Portfolio loans and leases:    
Portfolio loans and leases $ 2,320 $ 2,518
v3.25.4
Loans and Leases - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Unearned income $ 384 $ 380    
Accrued interest receivable 534 566    
Net premium (discount) 216 $ 324    
Direct Financing Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]   Interest and Dividend Income, Operating Interest and Dividend Income, Operating  
Sales-Type Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]   Interest and Dividend Income, Operating Interest and Dividend Income, Operating  
Direct financing lease - interest income 38 $ 40 $ 26  
Sales type lease - interest income 107 82 63  
Allowance for loan and lease losses 2,253 [1] 2,352 [1] $ 2,322 $ 2,194
Commercial leases        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Allowance for loan and lease losses 18 16    
Solar energy installation loans        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Net premium (discount) 872 901    
FHLB advances        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans pledged 14,900 15,100    
FRB Loan        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Loans pledged $ 60,100 $ 55,300    
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
v3.25.4
Loans and Leases - Total Net Charge-Offs (Recoveries) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together      
Total net charge-offs $ 738 $ 532 $ 388
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      
Total net charge-offs 439 242 155
Commercial | Commercial mortgage loans      
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together      
Total net charge-offs 21 0 (2)
Commercial | Commercial construction loans      
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together      
Total net charge-offs 0 0 1
Commercial | Commercial leases      
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together      
Total net charge-offs 2 2 (1)
Consumer | Residential mortgage loans      
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together      
Total net charge-offs (2) (2) 0
Consumer | Home equity      
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together      
Total net charge-offs 1 (1) 1
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      
Total net charge-offs 82 90 72
Consumer | Credit card      
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together      
Total net charge-offs 63 68 64
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      
Total net charge-offs 70 56 26
Consumer | Other consumer loans      
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together      
Total net charge-offs $ 62 $ 77 $ 72
v3.25.4
Loans and Leases - Components of Net Investment in Leases (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Net investment in sales-type leases:    
Leveraged leases $ 243 $ 248
Direct Financing Leases    
Net investment in direct financing leases:    
Lease payment receivable (present value) 489 631
Unguaranteed residual assets (present value) 113 121
Sales-Type Leases    
Net investment in sales-type leases:    
Lease payment receivable (present value) 2,313 2,102
Unguaranteed residual assets (present value) $ 111 $ 86
v3.25.4
Loans and Leases - Undiscounted Cash Flows (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Direct Financing Leases  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
2026 $ 154
2027 152
2028 94
2029 64
2030 44
Thereafter 33
Total undiscounted cash flows 541
Less: Difference between undiscounted cash flows and discounted cash flows 52
Present value of lease payments (recognized as lease receivables) 489
Sales-Type Leases  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
2026 646
2027 599
2028 495
2029 342
2030 235
Thereafter 229
Total undiscounted cash flows 2,546
Less: Difference between undiscounted cash flows and discounted cash flows 233
Present value of lease payments (recognized as lease receivables) $ 2,313
v3.25.4
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Transactions in the ALLL by Portfolio Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period $ 2,352 [1] $ 2,322 $ 2,194  
Losses charged off (925) (686) (522)  
Recoveries previously charged off 187 154 134  
Provision for (benefit from) loan and lease losses 639 562 565  
Balance, end of period 2,253 [1] 2,352 [1] 2,322 $ 2,194
Accounting Standards Update [Extensible Enumeration]       Accounting Standards Update 2022-02 [Member]
Other Consumer Loans, Point of Sale        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Losses charged off (18) (28) (35)  
Recoveries previously charged off 18 28 35  
Cumulative Effect, Period of Adoption, Adjustment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period     (49)  
Balance, end of period       $ (49)
Commercial        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period 1,154 1,130 1,127  
Losses charged off (507) (267) (170)  
Recoveries previously charged off 45 23 17  
Provision for (benefit from) loan and lease losses 494 268 152  
Balance, end of period 1,186 1,154 1,130 1,127
Commercial | Cumulative Effect, Period of Adoption, Adjustment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period     4  
Balance, end of period       4
Residential Mortgage        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period 146 145 245  
Losses charged off (1) (2) (4)  
Recoveries previously charged off 3 4 4  
Provision for (benefit from) loan and lease losses (39) (1) (64)  
Balance, end of period 109 146 145 245
Residential Mortgage | Cumulative Effect, Period of Adoption, Adjustment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period     (36)  
Balance, end of period       (36)
Consumer        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period 1,052 1,047 822  
Losses charged off (417) (417) (348)  
Recoveries previously charged off 139 127 113  
Provision for (benefit from) loan and lease losses 184 295 477  
Balance, end of period $ 958 $ 1,052 1,047 822
Consumer | Cumulative Effect, Period of Adoption, Adjustment        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Balance, beginning of period     $ (17)  
Balance, end of period       $ (17)
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
v3.25.4
Credit Quality and the Allowance for Loan and Lease Losses - Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]        
Individually evaluated $ 193 $ 117    
Collectively evaluated 2,060 2,235    
Total ALLL 2,253 [1] 2,352 [1] $ 2,322 $ 2,194
Individually evaluated 615 622    
Collectively evaluated 121,930 119,061    
Total portfolio loans and leases 122,545 119,683    
Leveraged leases 243 248    
Commercial Leveraged Leases        
Financing Receivable, Allowance for Credit Loss [Line Items]        
Total ALLL 2 1    
Commercial        
Financing Receivable, Allowance for Credit Loss [Line Items]        
Individually evaluated 178 106    
Collectively evaluated 1,008 1,048    
Total ALLL 1,186 1,154 1,130 1,127
Individually evaluated 367 395    
Collectively evaluated 73,195 72,898    
Total portfolio loans and leases 73,562 73,293    
Residential Mortgage        
Financing Receivable, Allowance for Credit Loss [Line Items]        
Individually evaluated 0 0    
Collectively evaluated 109 146    
Total ALLL 109 146 145 245
Individually evaluated 143 131    
Collectively evaluated 17,403 17,304    
Total portfolio loans and leases 17,546 17,435    
Loans 106 108    
Consumer        
Financing Receivable, Allowance for Credit Loss [Line Items]        
Individually evaluated 15 11    
Collectively evaluated 943 1,041    
Total ALLL 958 1,052 $ 1,047 $ 822
Individually evaluated 105 96    
Collectively evaluated 31,332 28,859    
Total portfolio loans and leases $ 31,437 $ 28,955    
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
v3.25.4
Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Credit Risk Profile of the Bancorp's Commercial Portfolio Segment by Class (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Modifications    
Total $ 122,651 $ 119,791
Commercial    
Financing Receivable, Modifications    
Year One 6,815 6,248
Year Two 4,328 3,436
Year Three 2,380 4,665
Year Four 3,571 2,583
Year Five 1,786 1,135
Prior 1,930 1,771
Revolving and Other Loans 52,752 53,455
Total 73,562 73,293
Commercial | Pass    
Financing Receivable, Modifications    
Year One 6,618 5,998
Year Two 4,055 3,243
Year Three 2,185 4,339
Year Four 3,313 2,461
Year Five 1,678 1,086
Prior 1,850 1,669
Revolving and Other Loans 48,759 49,277
Total 68,458 68,073
Commercial | Special mention    
Financing Receivable, Modifications    
Year One 50 81
Year Two 61 26
Year Three 38 97
Year Four 42 16
Year Five 28 5
Prior 13 16
Revolving and Other Loans 1,570 1,992
Total 1,802 2,233
Commercial | Substandard    
Financing Receivable, Modifications    
Year One 147 169
Year Two 211 167
Year Three 157 227
Year Four 216 106
Year Five 74 44
Prior 67 86
Revolving and Other Loans 2,312 2,116
Total 3,184 2,915
Commercial | Doubtful    
Financing Receivable, Modifications    
Year One 0 0
Year Two 1 0
Year Three 0 2
Year Four 0 0
Year Five 6 0
Prior 0 0
Revolving and Other Loans 111 70
Total 118 72
Commercial | Commercial and industrial loans    
Financing Receivable, Modifications    
Year One 3,439 3,048
Year Two 2,181 1,454
Year Three 963 2,651
Year Four 1,974 1,396
Year Five 893 406
Prior 591 461
Revolving and Other Loans 42,708 42,855
Total 52,749 52,271
Commercial | Commercial and industrial loans | Pass    
Financing Receivable, Modifications    
Year One 3,359 2,966
Year Two 2,040 1,346
Year Three 861 2,445
Year Four 1,829 1,321
Year Five 832 371
Prior 553 437
Revolving and Other Loans 40,015 40,185
Total 49,489 49,071
Commercial | Commercial and industrial loans | Special mention    
Financing Receivable, Modifications    
Year One 23 15
Year Two 51 13
Year Three 10 22
Year Four 7 1
Year Five 13 3
Prior 10 9
Revolving and Other Loans 839 1,055
Total 953 1,118
Commercial | Commercial and industrial loans | Substandard    
Financing Receivable, Modifications    
Year One 57 67
Year Two 89 95
Year Three 92 182
Year Four 138 74
Year Five 42 32
Prior 28 15
Revolving and Other Loans 1,743 1,545
Total 2,189 2,010
Commercial | Commercial and industrial loans | Doubtful    
Financing Receivable, Modifications    
Year One 0 0
Year Two 1 0
Year Three 0 2
Year Four 0 0
Year Five 6 0
Prior 0 0
Revolving and Other Loans 111 70
Total 118 72
Commercial | Commercial mortgage owner-occupied loans:    
Financing Receivable, Modifications    
Year One 1,229 858
Year Two 663 833
Year Three 638 891
Year Four 697 665
Year Five 578 324
Prior 421 353
Revolving and Other Loans 1,916 2,099
Total 6,142 6,023
Commercial | Commercial mortgage owner-occupied loans: | Pass    
Financing Receivable, Modifications    
Year One 1,136 786
Year Two 615 790
Year Three 572 844
Year Four 648 630
Year Five 537 315
Prior 406 307
Revolving and Other Loans 1,712 1,829
Total 5,626 5,501
Commercial | Commercial mortgage owner-occupied loans: | Special mention    
Financing Receivable, Modifications    
Year One 24 8
Year Two 4 9
Year Three 28 23
Year Four 16 7
Year Five 14 0
Prior 3 3
Revolving and Other Loans 72 31
Total 161 81
Commercial | Commercial mortgage owner-occupied loans: | Substandard    
Financing Receivable, Modifications    
Year One 69 64
Year Two 44 34
Year Three 38 24
Year Four 33 28
Year Five 27 9
Prior 12 43
Revolving and Other Loans 132 239
Total 355 441
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 0 0
Commercial | Commercial mortgage nonowner-occupied loans:    
Financing Receivable, Modifications    
Year One 845 802
Year Two 605 778
Year Three 502 828
Year Four 699 175
Year Five 109 263
Prior 443 410
Revolving and Other Loans 2,883 2,967
Total 6,086 6,223
Commercial | Commercial mortgage nonowner-occupied loans: | Pass    
Financing Receivable, Modifications    
Year One 824 710
Year Two 542 751
Year Three 486 769
Year Four 638 170
Year Five 109 263
Prior 419 408
Revolving and Other Loans 2,628 2,698
Total 5,646 5,769
Commercial | Commercial mortgage nonowner-occupied loans: | Special mention    
Financing Receivable, Modifications    
Year One 1 54
Year Two 0 0
Year Three 0 50
Year Four 19 5
Year Five 0 0
Prior 0 0
Revolving and Other Loans 111 150
Total 131 259
Commercial | Commercial mortgage nonowner-occupied loans: | Substandard    
Financing Receivable, Modifications    
Year One 20 38
Year Two 63 27
Year Three 16 9
Year Four 42 0
Year Five 0 0
Prior 24 2
Revolving and Other Loans 144 119
Total 309 195
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 0 0
Commercial | Commercial construction loans    
Financing Receivable, Modifications    
Year One 44 4
Year Two 0 21
Year Three 0 0
Year Four 0 29
Year Five 27 0
Prior 0 0
Revolving and Other Loans 5,245 5,534
Total 5,316 5,588
Commercial | Commercial construction loans | Pass    
Financing Receivable, Modifications    
Year One 44 4
Year Two 0 21
Year Three 0 0
Year Four 0 29
Year Five 27 0
Prior 0 0
Revolving and Other Loans 4,404 4,565
Total 4,475 4,619
Commercial | Commercial construction loans | Special mention    
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 548 756
Total 548 756
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 293 213
Total 293 213
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 0 0
Commercial | Commercial leases    
Financing Receivable, Modifications    
Year One 1,258 1,536
Year Two 879 350
Year Three 277 295
Year Four 201 318
Year Five 179 142
Prior 475 547
Revolving and Other Loans 0 0
Total 3,269 3,188
Commercial | Commercial leases | Pass    
Financing Receivable, Modifications    
Year One 1,255 1,532
Year Two 858 335
Year Three 266 281
Year Four 198 311
Year Five 173 137
Prior 472 517
Revolving and Other Loans 0 0
Total 3,222 3,113
Commercial | Commercial leases | Special mention    
Financing Receivable, Modifications    
Year One 2 4
Year Two 6 4
Year Three 0 2
Year Four 0 3
Year Five 1 2
Prior 0 4
Revolving and Other Loans 0 0
Total 9 19
Commercial | Commercial leases | Substandard    
Financing Receivable, Modifications    
Year One 1 0
Year Two 15 11
Year Three 11 12
Year Four 3 4
Year Five 5 3
Prior 3 26
Revolving and Other Loans 0 0
Total 38 56
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 $ 0 $ 0
v3.25.4
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
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financing Receivable, Modifications      
Total $ 925 $ 686 $ 522
Commercial      
Financing Receivable, Modifications      
Year One 2 1 25
Year Two 9 7 7
Year Three 26 17 12
Year Four 7 1 1
Year Five 7 1 0
Prior 17 2 11
Revolving Loans 439 238 114
Total 507 267 170
Commercial | Commercial and industrial loans      
Financing Receivable, Modifications      
Year One 2 1 25
Year Two 9 6 7
Year Three 25 17 12
Year Four 6 1 1
Year Five 4 1 0
Prior 2 0 11
Revolving Loans 431 238 112
Total 479 264 168
Commercial | Commercial mortgage owner-occupied loans:      
Financing Receivable, Modifications      
Year One 0 0 0
Year Two 0 1 0
Year Three 0 0 0
Year Four 0 0 0
Year Five 3 0 0
Prior 11 0 0
Revolving Loans 2 0 1
Total 16 1 1
Commercial | Commercial mortgage nonowner-occupied loans:      
Financing Receivable, Modifications      
Year One 0 0 0
Year Two 0 0 0
Year Three 0 0 0
Year Four 0 0 0
Year Five 0 0 0
Prior 0 0 0
Revolving Loans 6 0 0
Total 6 0 0
Commercial | Commercial construction loans      
Financing Receivable, Modifications      
Year One 0 0 0
Year Two 0 0 0
Year Three 0 0 0
Year Four 0 0 0
Year Five 0 0 0
Prior 0 0 0
Revolving Loans 0 0 1
Total 0 0 1
Commercial | Commercial leases      
Financing Receivable, Modifications      
Year One 0 0 0
Year Two 0 0 0
Year Three 1 0 0
Year Four 1 0 0
Year Five 0 0 0
Prior 4 2 0
Revolving Loans 0 0 0
Total $ 6 $ 2 $ 0
v3.25.4
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
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases $ 122,651 $ 119,791
Commercial    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 73,562 73,293
90 Days Past Due and Still Accruing 3 6
Commercial | Current    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 73,264 73,047
Commercial | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 298 246
Commercial | 30-89 Days    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 188 155
Commercial | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 110 91
Commercial | Commercial and industrial loans    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 52,749 52,271
90 Days Past Due and Still Accruing 2 5
Commercial | Commercial and industrial loans | Current    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 52,481 52,098
Commercial | Commercial and industrial loans | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 268 173
Commercial | Commercial and industrial loans | 30-89 Days    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 173 90
Commercial | Commercial and industrial loans | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 95 83
Commercial | Commercial mortgage owner-occupied loans:    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 6,142 6,023
90 Days Past Due and Still Accruing 0 0
Commercial | Commercial mortgage owner-occupied loans: | Current    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 6,127 5,980
Commercial | Commercial mortgage owner-occupied loans: | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 15 43
Commercial | Commercial mortgage owner-occupied loans: | 30-89 Days    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 3 40
Commercial | Commercial mortgage owner-occupied loans: | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 12 3
Commercial | Commercial mortgage nonowner-occupied loans:    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 6,086 6,223
90 Days Past Due and Still Accruing 0 0
Commercial | Commercial mortgage nonowner-occupied loans: | Current    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 6,083 6,215
Commercial | Commercial mortgage nonowner-occupied loans: | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 3 8
Commercial | Commercial mortgage nonowner-occupied loans: | 30-89 Days    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 1 6
Commercial | Commercial mortgage nonowner-occupied loans: | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 2 2
Commercial | Commercial construction loans    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 5,316 5,588
90 Days Past Due and Still Accruing 1 0
Commercial | Commercial construction loans | Current    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 5,315 5,587
Commercial | Commercial construction loans | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 1 1
Commercial | Commercial construction loans | 30-89 Days    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 0 1
Commercial | Commercial construction loans | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 1 0
Commercial | Commercial leases    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 3,269 3,188
90 Days Past Due and Still Accruing 0 1
Commercial | Commercial leases | Current    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 3,258 3,167
Commercial | Commercial leases | Total Past Due    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 11 21
Commercial | Commercial leases | 30-89 Days    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases 11 18
Commercial | Commercial leases | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Loans and Leases $ 0 $ 3
v3.25.4
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
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Modifications    
Total $ 122,651 $ 119,791
Residential Mortgage    
Financing Receivable, Modifications    
Loans measured at FV, residential mortgage loans measured at fair value 106 108
Residential Mortgage | Federal Housing Administration Loan    
Financing Receivable, Modifications    
Losses due to claim denials and curtailments 1 1
Residential Mortgage | 30-89 days past due    
Financing Receivable, Modifications    
Loans measured at FV, residential mortgage loans measured at fair value 2 1
Residential Mortgage | 30-89 days past due | Federal Housing Administration Loan    
Financing Receivable, Modifications    
Total 83 90
Residential Mortgage | 90 days or more past due    
Financing Receivable, Modifications    
Loans measured at FV, residential mortgage loans measured at fair value   1
Residential Mortgage | 90 days or more past due | Federal Housing Administration Loan    
Financing Receivable, Modifications    
Total 195 162
Residential Mortgage | Nonperforming    
Financing Receivable, Modifications    
Loans measured at FV, residential mortgage loans measured at fair value 4 2
Residential Mortgage | Residential mortgage loans    
Financing Receivable, Modifications    
Year One 1,871 1,963
Year Two 2,056 1,003
Year Three 907 2,975
Year Four 2,666 4,629
Year Five 4,123 2,503
Prior 5,923 4,362
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 17,546 17,435
Residential Mortgage | Residential mortgage loans | Performing | Current    
Financing Receivable, Modifications    
Year One 1,871 1,961
Year Two 2,047 998
Year Three 897 2,961
Year Four 2,649 4,606
Year Five 4,095 2,491
Prior 5,800 4,245
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 17,359 17,262
Residential Mortgage | Residential mortgage loans | Performing | 30-89 days past due    
Financing Receivable, Modifications    
Year One 0 1
Year Two 4 3
Year Three 2 4
Year Four 3 9
Year Five 8 4
Prior 15 12
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 32 33
Residential Mortgage | Residential mortgage loans | Performing | 90 days or more past due    
Financing Receivable, Modifications    
Year One 0 1
Year Two 2 0
Year Three 1 1
Year Four 0 1
Year Five 3 0
Prior 4 2
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 10 5
Residential Mortgage | Residential mortgage loans | Nonperforming    
Financing Receivable, Modifications    
Year One 0 0
Year Two 3 2
Year Three 7 9
Year Four 14 13
Year Five 17 8
Prior 104 103
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 145 135
Consumer    
Financing Receivable, Modifications    
Total 49,089 46,498
Consumer | Residential mortgage loans    
Financing Receivable, Modifications    
Total 17,652 17,543
Consumer | Home equity    
Financing Receivable, Modifications    
Year One 194 168
Year Two 137 67
Year Three 51 35
Year Four 27 2
Year Five 1 4
Prior 82 94
Revolving and Other Loans 4,266 3,739
Revolving Loans Converted to Term Loans 88 79
Total 4,846 4,188
Consumer | Home equity | Performing | Current    
Financing Receivable, Modifications    
Year One 194 168
Year Two 137 67
Year Three 50 34
Year Four 27 2
Year Five 1 4
Prior 76 86
Revolving and Other Loans 4,182 3,660
Revolving Loans Converted to Term Loans 83 72
Total 4,750 4,093
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 23 23
Revolving Loans Converted to Term Loans 1 1
Total 25 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 0 0
Consumer | Home equity | Nonperforming    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 0
Year Three 1 1
Year Four 0 0
Year Five 0 0
Prior 5 7
Revolving and Other Loans 61 56
Revolving Loans Converted to Term Loans 4 6
Total 71 70
Consumer | Indirect secured consumer loans    
Financing Receivable, Modifications    
Year One 7,881 6,796
Year Two 4,423 2,873
Year Three 1,917 3,104
Year Four 2,054 2,411
Year Five 1,241 769
Prior 448 360
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 17,964 16,313
Consumer | Indirect secured consumer loans | Performing | Current    
Financing Receivable, Modifications    
Year One 7,854 6,773
Year Two 4,387 2,836
Year Three 1,881 3,046
Year Four 2,004 2,371
Year Five 1,213 753
Prior 435 349
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 17,774 16,128
Consumer | Indirect secured consumer loans | Performing | 30-89 days past due    
Financing Receivable, Modifications    
Year One 23 19
Year Two 26 27
Year Three 24 39
Year Four 31 27
Year Five 17 11
Prior 8 7
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 129 130
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 0 0
Consumer | Indirect secured consumer loans | Nonperforming    
Financing Receivable, Modifications    
Year One 4 4
Year Two 10 10
Year Three 12 19
Year Four 19 13
Year Five 11 5
Prior 5 4
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 61 55
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 1,747 1,734
Revolving Loans Converted to Term Loans 0 0
Total 1,747 1,734
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 1,683 1,664
Revolving Loans Converted to Term Loans 0 0
Total 1,683 1,664
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 18 18
Revolving Loans Converted to Term Loans 0 0
Total 18 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 20
Revolving Loans Converted to Term Loans 0 0
Total 17 20
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 29 32
Revolving Loans Converted to Term Loans 0 0
Total 29 32
Consumer | Solar energy installation loans    
Financing Receivable, Modifications    
Year One 816 897
Year Two 730 2,140
Year Three 1,939 1,129
Year Four 1,044 2
Year Five 1 0
Prior 30 34
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 4,560 4,202
Consumer | Solar energy installation loans | Performing | Current    
Financing Receivable, Modifications    
Year One 814 894
Year Two 724 2,095
Year Three 1,914 1,094
Year Four 1,030 2
Year Five 1 0
Prior 29 33
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 4,512 4,118
Consumer | Solar energy installation loans | Performing | 30-89 days past due    
Financing Receivable, Modifications    
Year One 1 2
Year Two 4 11
Year Three 14 7
Year Four 7 0
Year Five 0 0
Prior 0 0
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 26 20
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 0 0
Consumer | Solar energy installation loans | Nonperforming    
Financing Receivable, Modifications    
Year One 1 1
Year Two 2 34
Year Three 11 28
Year Four 7 0
Year Five 0 0
Prior 1 1
Revolving and Other Loans 0 0
Revolving Loans Converted to Term Loans 0 0
Total 22 64
Consumer | Other consumer loans    
Financing Receivable, Modifications    
Year One 249 202
Year Two 105 358
Year Three 250 521
Year Four 385 223
Year Five 141 172
Prior 206 145
Revolving and Other Loans 960 861
Revolving Loans Converted to Term Loans 24 36
Total 2,320 2,518
Consumer | Other consumer loans | Performing | Current    
Financing Receivable, Modifications    
Year One 248 201
Year Two 104 351
Year Three 245 507
Year Four 377 219
Year Five 139 171
Prior 204 142
Revolving and Other Loans 957 860
Revolving Loans Converted to Term Loans 22 34
Total 2,296 2,485
Consumer | Other consumer loans | Performing | 30-89 days past due    
Financing Receivable, Modifications    
Year One 1 1
Year Two 1 5
Year Three 3 10
Year Four 5 3
Year Five 2 1
Prior 2 2
Revolving and Other Loans 1 1
Revolving Loans Converted to Term Loans 1 1
Total 16 24
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 0 0
Consumer | Other consumer loans | Nonperforming    
Financing Receivable, Modifications    
Year One 0 0
Year Two 0 2
Year Three 2 4
Year Four 3 1
Year Five 0 0
Prior 0 1
Revolving and Other Loans 2 0
Revolving Loans Converted to Term Loans 1 1
Total 8 9
Residential Mortgage and Consumer    
Financing Receivable, Modifications    
Year One 11,011 10,026
Year Two 7,451 6,441
Year Three 5,064 7,764
Year Four 6,176 7,267
Year Five 5,507 3,448
Prior 6,689 4,995
Revolving and Other Loans 6,973 6,334
Revolving Loans Converted to Term Loans 112 115
Total 48,983 46,390
Residential Mortgage and Consumer | Performing | Current    
Financing Receivable, Modifications    
Year One 10,981 9,997
Year Two 7,399 6,347
Year Three 4,987 7,642
Year Four 6,087 7,200
Year Five 5,449 3,419
Prior 6,544 4,855
Revolving and Other Loans 6,822 6,184
Revolving Loans Converted to Term Loans 105 106
Total 48,374 45,750
Residential Mortgage and Consumer | Performing | 30-89 days past due    
Financing Receivable, Modifications    
Year One 25 23
Year Two 35 46
Year Three 43 60
Year Four 46 39
Year Five 27 16
Prior 26 22
Revolving and Other Loans 42 42
Revolving Loans Converted to Term Loans 2 2
Total 246 250
Residential Mortgage and Consumer | Performing | 90 days or more past due    
Financing Receivable, Modifications    
Year One 0 1
Year Two 2 0
Year Three 1 1
Year Four 0 1
Year Five 3 0
Prior 4 2
Revolving and Other Loans 17 20
Revolving Loans Converted to Term Loans 0 0
Total 27 25
Residential Mortgage and Consumer | Nonperforming    
Financing Receivable, Modifications    
Year One 5 5
Year Two 15 48
Year Three 33 61
Year Four 43 27
Year Five 28 13
Prior 115 116
Revolving and Other Loans 92 88
Revolving Loans Converted to Term Loans 5 7
Total $ 336 $ 365
v3.25.4
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
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financing Receivable, Modifications      
Total $ 925 $ 686 $ 522
Residential Mortgage      
Financing Receivable, Modifications      
Year One 0 0 0
Year Two 0 0 0
Year Three 0 0 0
Year Four 0 0 0
Year Five 0 0 0
Prior 1 2 4
Revolving Loans 0 0 0
Revolving Loans Converted to Term Loans 0 0 0
Total 1 2 4
Consumer      
Financing Receivable, Modifications      
Total 417 417 348
Consumer | Home equity      
Financing Receivable, Modifications      
Year One 0 0 0
Year Two 0 0 0
Year Three 0 0 0
Year Four 0 0 0
Year Five 0 0 0
Prior 0 1 1
Revolving Loans 7 5 7
Revolving Loans Converted to Term Loans 0 0 0
Total 7 6 8
Consumer | Indirect secured consumer loans      
Financing Receivable, Modifications      
Year One 10 7 9
Year Two 28 35 42
Year Three 38 53 27
Year Four 43 25 14
Year Five 16 9 10
Prior 9 10 8
Revolving Loans 0 0 0
Revolving Loans Converted to Term Loans 0 0 0
Total 144 139 110
Consumer | Credit card      
Financing Receivable, Modifications      
Year One 0 0 0
Year Two 0 0 0
Year Three 0 0 0
Year Four 0 0 0
Year Five 0 0 0
Prior 0 0 0
Revolving Loans 83 87 82
Revolving Loans Converted to Term Loans 0 0 0
Total 83 87 82
Consumer | Solar energy installation loans      
Financing Receivable, Modifications      
Year One 1 2 8
Year Two 12 16 16
Year Three 48 13 1
Year Four 24 0 0
Year Five 0 14 0
Prior 1 18 2
Revolving Loans 0 0 0
Revolving Loans Converted to Term Loans 0 0 0
Total 86 63 27
Consumer | Other consumer loans      
Financing Receivable, Modifications      
Year One 1 1 7
Year Two 4 12 37
Year Three 15 24 14
Year Four 22 12 12
Year Five 7 20 7
Prior 10 16 8
Revolving Loans 36 34 34
Revolving Loans Converted to Term Loans 2 3 2
Total 97 122 121
Consumer and residential mortgage loans      
Financing Receivable, Modifications      
Year One 12 10 24
Year Two 44 63 95
Year Three 101 90 42
Year Four 89 37 26
Year Five 23 43 17
Prior 21 47 23
Revolving Loans 126 126 123
Revolving Loans Converted to Term Loans 2 3 2
Total $ 418 $ 419 $ 352
v3.25.4
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
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Impaired    
Total portfolio loans and leases $ 594 $ 622
Commercial    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 346 395
Commercial | Commercial and industrial loans    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 322 325
Commercial | Commercial mortgage owner-occupied loans:    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 19 63
Commercial | Commercial mortgage nonowner-occupied loans:    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 5 4
Commercial | Commercial construction loans    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 0 1
Commercial | Commercial leases    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 0 2
Residential Mortgage    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 143 131
Consumer    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 105 96
Consumer | Home equity    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis 70 66
Consumer | Indirect secured consumer loans    
Financing Receivable, Impaired    
Loans and leases receivable, allowance for amortized cost basis $ 35 $ 30
v3.25.4
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
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Modifications    
With an ALLL $ 574 $ 550
No Related ALLL 223 303
Total 797 853
Loans and leases held for sale 733 640
Financing receivable, excluding accrued interest, modified in period, amount 717 552
Nonperforming    
Financing Receivable, Modifications    
Loans and leases held for sale 70 7
Nonperforming | Government Insured    
Financing Receivable, Modifications    
Total 21 18
Commercial    
Financing Receivable, Modifications    
With an ALLL 371 319
No Related ALLL 56 137
Total 427 456
Financing receivable, excluding accrued interest, modified in period, amount 590 424
Commercial | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 46 33
Commercial | Commercial and industrial loans    
Financing Receivable, Modifications    
With an ALLL 350 265
No Related ALLL 43 109
Total 393 374
Loans and leases held for sale 46 15
Financing receivable, excluding accrued interest, modified in period, amount 331 232
Commercial | Commercial and industrial loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 2 19
Commercial | Commercial mortgage owner-occupied loans:    
Financing Receivable, Modifications    
With an ALLL 16 52
No Related ALLL 13 23
Total 29 75
Financing receivable, excluding accrued interest, modified in period, amount 85 61
Commercial | Commercial mortgage owner-occupied loans: | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 14
Commercial | Commercial mortgage nonowner-occupied loans:    
Financing Receivable, Modifications    
With an ALLL 5 0
No Related ALLL 0 4
Total 5 4
Financing receivable, excluding accrued interest, modified in period, amount 85 72
Commercial | Commercial mortgage nonowner-occupied loans: | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Commercial | Commercial construction loans    
Financing Receivable, Modifications    
With an ALLL 0 0
No Related ALLL 0 1
Total 0 1
Loans and leases held for sale 0 29
Financing receivable, excluding accrued interest, modified in period, amount 89 59
Commercial | Commercial construction loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 44 0
Commercial | Commercial leases    
Financing Receivable, Modifications    
With an ALLL 0 2
No Related ALLL 0 0
Total 0 2
Residential Mortgage    
Financing Receivable, Modifications    
With an ALLL 69 57
No Related ALLL 80 80
Total 149 137
Financing receivable, excluding accrued interest, modified in period, amount 89 89
Residential Mortgage | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 69 72
Consumer    
Financing Receivable, Modifications    
With an ALLL 134 174
No Related ALLL 57 56
Total 191 230
Financing receivable, excluding accrued interest, modified in period, amount 38 39
Consumer | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 1 2
Consumer | Home equity    
Financing Receivable, Modifications    
With an ALLL 23 21
No Related ALLL 48 49
Total 71 70
Financing receivable, excluding accrued interest, modified in period, amount 15 15
Consumer | Home equity | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 1 2
Consumer | Indirect secured consumer loans    
Financing Receivable, Modifications    
With an ALLL 52 48
No Related ALLL 9 7
Total 61 55
Consumer | Credit card    
Financing Receivable, Modifications    
With an ALLL 29 32
No Related ALLL 0 0
Total 29 32
Financing receivable, excluding accrued interest, modified in period, amount 17 20
Consumer | Credit card | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Consumer | Solar energy installation loans    
Financing Receivable, Modifications    
With an ALLL 22 64
No Related ALLL 0 0
Total 22 64
Financing receivable, excluding accrued interest, modified in period, amount 2 1
Consumer | Solar energy installation loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Consumer | Other consumer loans    
Financing Receivable, Modifications    
With an ALLL 8 9
No Related ALLL 0 0
Total 8 9
Financing receivable, excluding accrued interest, modified in period, amount 4 3
Consumer | Other consumer loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Nonaccrual Portfolio Loans and Leases    
Financing Receivable, Modifications    
With an ALLL 574 550
No Related ALLL 193 273
Total 767 823
OREO and Other Repossessed Assets    
Financing Receivable, Modifications    
With an ALLL 0 0
No Related ALLL 30 30
Total $ 30 $ 30
v3.25.4
Credit Quality and the Allowance for Loan and Lease Losses - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Mortgage loans in process of foreclosure amount $ 110 $ 94
Financing receivable, excluding accrued interest, modified in period, amount $ 717 $ 552
Loan modification program, percentage of modifications to total portfolio 0.58% 0.46%
Loan modification program, loans excluded from modification program $ 51 $ 52
Unfunded commitment amounts 69 88
Commercial    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivable, excluding accrued interest, modified in period, amount $ 590 $ 424
Loan modification program, percentage of modifications to total portfolio 0.84% 0.60%
Residential Mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivable, excluding accrued interest, modified in period, amount $ 89 $ 89
Loan modification program, percentage of modifications to total portfolio 0.50% 0.51%
Modification program option, mortgage term 480 months  
Modification program option, in-process modifications $ 22 $ 5
Consumer    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivable, excluding accrued interest, modified in period, amount $ 38 $ 39
Loan modification program, percentage of modifications to total portfolio 0.12% 0.13%
Consumer | Home equity    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivable, excluding accrued interest, modified in period, amount $ 15 $ 15
Loan modification program, percentage of modifications to total portfolio 0.31% 0.36%
Modification program option, mortgage term 360 months  
Minimum | Commercial    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Term extension period 3 months  
Minimum | Residential Mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Modification program option, trial period 6 months  
Maximum | Commercial    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Term extension period 12 months  
Maximum | Residential Mortgage    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Modification program option, trial period 12 months  
v3.25.4
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Amortized Cost Basis of Loans Modified for Borrowers Experiencing Financial Difficulty (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 717 $ 552
% of Total Class 0.58% 0.46%
Commercial    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 590 $ 424
% of Total Class 0.84% 0.60%
Commercial | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 62 $ 58
Commercial | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 46 33
Commercial | Term Extension    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 478 331
Commercial | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 4 2
Commercial | Commercial and industrial loans    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 331 $ 232
% of Total Class 0.63% 0.44%
Commercial | Commercial and industrial loans | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 61 $ 57
Commercial | Commercial and industrial loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 2 19
Commercial | Commercial and industrial loans | Term Extension    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 267 155
Commercial | Commercial and industrial loans | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 1 1
Commercial | Commercial mortgage owner-occupied loans:    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 85 $ 61
% of Total Class 1.38% 1.01%
Commercial | Commercial mortgage owner-occupied loans: | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 1 $ 1
Commercial | Commercial mortgage owner-occupied loans: | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 14
Commercial | Commercial mortgage owner-occupied loans: | Term Extension    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 84 46
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 $ 85 $ 72
% of Total Class 1.40% 1.16%
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: | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Commercial | Commercial mortgage nonowner-occupied loans: | Term Extension    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 82 72
Commercial | Commercial mortgage nonowner-occupied loans: | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 3 0
Commercial | Commercial construction loans    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 89 $ 59
% of Total Class 1.67% 1.06%
Commercial | Commercial construction loans | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 0 $ 0
Commercial | Commercial construction loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 44 0
Commercial | Commercial construction loans | Term Extension    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 45 58
Commercial | Commercial construction loans | Other    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 1
Residential Mortgage    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 89 $ 89
% of Total Class 0.50% 0.51%
Residential Mortgage | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 2 $ 5
% of Total Class 0.01% 0.03%
Residential Mortgage | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 69 $ 72
% of Total Class 0.39% 0.41%
Residential Mortgage | Term extension, interest rate reduction and payment delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 18 $ 12
% of Total Class 0.10% 0.07%
Consumer    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 38 $ 39
% of Total Class 0.12% 0.13%
Consumer | Interest Rate Reduction    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 19 $ 24
Consumer | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 6 4
Consumer | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 1 2
Consumer | Term extension, interest rate reduction and payment delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 12 9
Consumer | Home equity    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 15 $ 15
% of Total Class 0.31% 0.36%
Consumer | Home equity | Interest Rate Reduction    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 2 $ 4
Consumer | Home equity | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Consumer | Home equity | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 1 2
Consumer | Home equity | Term extension, interest rate reduction and payment delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 12 9
Consumer | Credit card    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 17 $ 20
% of Total Class 0.97% 1.15%
Consumer | Credit card | Interest Rate Reduction    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 17 $ 20
Consumer | Credit card | Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Consumer | Credit card | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Consumer | Credit card | Term extension, interest rate reduction and payment delay    
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 $ 2 $ 1
% of Total Class 0.04% 0.02%
Consumer | Solar energy installation loans | 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 2 1
Consumer | Solar energy installation loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Consumer | Solar energy installation loans | Term extension, interest rate reduction and payment delay    
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 $ 4 $ 3
% of Total Class 0.17% 0.12%
Consumer | Other consumer loans | 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 4 3
Consumer | Other consumer loans | Term Extension and Payment Delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount 0 0
Consumer | Other consumer loans | Term extension, interest rate reduction and payment delay    
Financing Receivable, Modifications    
Financing receivable, excluding accrued interest, modified in period, amount $ 0 $ 0
v3.25.4
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Financial Impacts of Loans That Were Modified for Borrowers Experiencing Financial Difficulty (Details)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Commercial | Commercial and industrial loans    
Financing Receivable, Modifications    
Weighted-average length of term extensions 9 months 9 months
Weighted-average length of payment delay 19 months 15 months
Commercial | Commercial mortgage owner-occupied loans:    
Financing Receivable, Modifications    
Weighted-average length of term extensions 7 months 10 months
Weighted-average length of payment delay 6 months 15 months
Commercial | Commercial mortgage nonowner-occupied loans:    
Financing Receivable, Modifications    
Weighted-average length of term extensions 37 months 20 months
Commercial | Commercial construction loans    
Financing Receivable, Modifications    
Weighted-average length of term extensions 23 months 12 months
Weighted-average length of payment delay 6 months  
Residential Mortgage    
Financing Receivable, Modifications    
Weighted-average length of term extensions 9 years 9 months 18 days 10 years 4 months 24 days
Weighted-average interest rate, before modification 7.30% 7.50%
Weighted-average interest rate, after modification 6.90% 6.80%
Financing receivable, modified, payment deferral, percentage of related loan balance 11.00% 13.00%
Consumer | Home equity    
Financing Receivable, Modifications    
Weighted-average length of term extensions 21 years 3 months 18 days 22 years 9 months 18 days
Weighted-average interest rate, before modification 8.50% 9.20%
Weighted-average interest rate, after modification 6.90% 7.20%
Financing receivable, modified, payment deferral, percentage of related loan balance 6.00% 5.00%
Consumer | Credit card    
Financing Receivable, Modifications    
Weighted-average interest rate, before modification 23.00% 23.90%
Weighted-average interest rate, after modification 4.00% 4.10%
v3.25.4
Credit Quality and the Allowance for Loan and Lease Losses - Summary of Loans That Were Modified for Borrowers Experiencing Financial Difficulty (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months $ 717 $ 552
Current    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 607 462
30-89 days past due    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 25 41
90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 85 49
Commercial | Commercial and industrial loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 331 232
Commercial | Commercial and industrial loans | Current    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 263 182
Commercial | Commercial and industrial loans | 30-89 days past due    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 1 22
Commercial | Commercial and industrial loans | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 67 28
Commercial | Commercial mortgage owner-occupied loans:    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 85 61
Commercial | Commercial mortgage owner-occupied loans: | Current    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 85 61
Commercial | Commercial mortgage owner-occupied loans: | 30-89 days past due    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 0
Commercial | Commercial mortgage owner-occupied loans: | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 0
Commercial | Commercial mortgage nonowner-occupied loans:    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 85 72
Commercial | Commercial mortgage nonowner-occupied loans: | Current    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 85 72
Commercial | Commercial mortgage nonowner-occupied loans: | 30-89 days past due    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 0
Commercial | Commercial mortgage nonowner-occupied loans: | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 0
Commercial | Commercial construction loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 89 59
Commercial | Commercial construction loans | Current    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 89 59
Commercial | Commercial construction loans | 30-89 days past due    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 0
Commercial | Commercial construction loans | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 0
Residential Mortgage    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 89 89
Residential Mortgage | Current    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 53 56
Residential Mortgage | 30-89 days past due    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 20 15
Residential Mortgage | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 16 18
Consumer | Home equity    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 15 15
Consumer | Home equity | Current    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 13 13
Consumer | Home equity | 30-89 days past due    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 2 1
Consumer | Home equity | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 1
Consumer | Credit card    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 17 20
Consumer | Credit card | Current    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 13 15
Consumer | Credit card | 30-89 days past due    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 2 3
Consumer | Credit card | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 2 2
Consumer | Solar energy installation loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 2 1
Consumer | Solar energy installation loans | Current    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 2 1
Consumer | Solar energy installation loans | 30-89 days past due    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 0
Consumer | Solar energy installation loans | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 0
Consumer | Other consumer loans    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 4 3
Consumer | Other consumer loans | Current    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 4 3
Consumer | Other consumer loans | 30-89 days past due    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months 0 0
Consumer | Other consumer loans | 90 Days or More    
Financing Receivable, Recorded Investment, Past Due    
Financing receivable, excluding accrued interest, modified, after 12 months $ 0 $ 0
v3.25.4
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
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty $ 83 $ 86
Term Extension    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 4 14
Interest Rate Reduction    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 9 10
Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 27 16
Term Extension and Interest Rate Reduction    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 1
Term Extension and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 31 38
Term Extension, Interest Rate Reduction and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 12 7
Commercial | Commercial and industrial loans    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 33 36
Commercial | Commercial and industrial loans | Term Extension    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 4 14
Commercial | Commercial and industrial loans | Interest Rate Reduction    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 1 0
Commercial | Commercial and industrial loans | Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 27 13
Commercial | Commercial and industrial loans | Term Extension and Interest Rate Reduction    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 1
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 1 8
Commercial | Commercial and industrial loans | Term Extension, Interest Rate Reduction and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Residential Mortgage    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 41 38
Residential Mortgage | Term Extension    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Residential Mortgage | Interest Rate Reduction    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Residential Mortgage | Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 3
Residential Mortgage | Term Extension and Interest Rate Reduction    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Residential Mortgage | Term Extension and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 30 29
Residential Mortgage | Term Extension, Interest Rate Reduction and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 11 6
Consumer | Home equity    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 2 3
Consumer | Home equity | Term Extension    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Consumer | Home equity | Interest Rate Reduction    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 1 1
Consumer | Home equity | Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Consumer | Home equity | Term Extension and Interest Rate Reduction    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Consumer | Home equity | Term Extension and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 1
Consumer | Home equity | Term Extension, Interest Rate Reduction and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 1 1
Consumer | Credit card    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 7 9
Consumer | Credit card | Term Extension    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Consumer | Credit card | Interest Rate Reduction    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 7 9
Consumer | Credit card | Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Consumer | Credit card | Term Extension and Interest Rate Reduction    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Consumer | Credit card | Term Extension and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty 0 0
Consumer | Credit card | Term Extension, Interest Rate Reduction and Payment Delay    
Financing Receivable, Allowance for Credit Losses    
Amortized cost basis of the modifications to borrowers experiencing financial difficulty $ 0 $ 0
v3.25.4
Bank Premises and Equipment - Summary of Bank Premises and Equipment (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment [Line Items]    
Accumulated depreciation and amortization $ (3,941) $ (3,674)
Total bank premises and equipment 2,734 2,475
Equipment    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 3,048 2,769
Equipment | Minimum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life 1 year  
Equipment | Maximum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life 20 years  
Buildings    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 1,834 1,784
Buildings | Minimum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life 1 year  
Buildings | Maximum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life 30 years  
Leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 921 760
Leasehold improvements | Minimum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life 1 year  
Leasehold improvements | Maximum    
Property, Plant and Equipment [Line Items]    
Estimated Useful Life 30 years  
Land and and improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 626 623
Construction in progress    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 237 199
Land and improvements held for sale    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 8 10
Buildings held for sale    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 1 $ 4
v3.25.4
Bank Premises and Equipment - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Property, Plant and Equipment [Line Items]      
Depreciation and amortization expense $ 340 $ 306 $ 292
v3.25.4
Operating Lease Equipment - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating lease equipment $ 374 $ 319  
Accumulated depreciation (244) (333)  
Operating lease income $ 80 $ 100 $ 135
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration] Commercial banking revenue Commercial banking revenue Commercial banking revenue
Depreciation expense $ 65 $ 81 $ 110
Operating lease payments received $ 80 $ 101 $ 140
v3.25.4
Operating Lease Equipment - Future Lease Payments Receivable (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Leases [Abstract]  
2026 $ 71
2027 55
2028 39
2029 31
2030 21
Thereafter 22
Total operating lease payments $ 239
v3.25.4
Lease Obligations - Lessee - Lease Assets and Lease Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
Operating lease ROU assets $ 629 $ 526
Finance lease ROU assets 156 146
Total right-of-use assets 785 672
Operating lease liabilities 711 606
Finance lease liabilities 174 161
Total lease liabilities 885 767
Operating lease right of use asset, accumulated amortization 378 328
Finance lease right of use asset, accumulated amortization $ 75 $ 54
Operating lease right-of-use assets [Extensible List] Other assets Other assets
Finance lease, right-of-use assets [Extensible List] Bank premises and equipment Bank premises and equipment
Operating lease liabilities [Extensible List] Accrued Liabilities [Member] Accrued Liabilities [Member]
Finance lease liabilities [Extensible List] Long-term debt Long-term debt
v3.25.4
Lease Obligations - Lessee - Lease Costs (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Lease Cost [Line Items]      
Total finance lease costs $ 28 $ 27 $ 24
Total operating lease costs 123 117 116
Total lease costs 151 144 140
Net occupancy and equipment expense      
Lease Cost [Line Items]      
Amortization of ROU assets 22 21 19
Interest on long-term debt      
Lease Cost [Line Items]      
Interest on lease liabilities 6 6 5
Net occupancy expense      
Lease Cost [Line Items]      
Operating lease cost 99 89 87
Short-term lease cost 1 1 2
Variable lease cost 26 30 29
Sublease income $ (3) $ (3) $ (2)
v3.25.4
Lease Obligations - Lessee - Undiscounted Cash Flows (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Operating Leases    
2026 $ 101  
2027 95  
2028 87  
2029 78  
2030 69  
Thereafter 546  
Total undiscounted cash flows 976  
Less: Difference between undiscounted cash flows and discounted cash flows 265  
Present value of lease liabilities 711 $ 606
Finance Leases    
2026 28  
2027 28  
2028 28  
2029 17  
2030 11  
Thereafter 101  
Total undiscounted cash flows 213  
Less: Difference between undiscounted cash flows and discounted cash flows 39  
Present value of lease liabilities 174 $ 161
Total    
2026 129  
2027 123  
2028 115  
2029 95  
2030 80  
Thereafter 647  
Total undiscounted cash flows 1,189  
Less: Difference between undiscounted cash flows and discounted cash flows 304  
Present value of lease liabilities $ 885  
v3.25.4
Lease Obligations - Lessee - Other Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating leases, weighted average remaining lease term 12 years 10 months 2 days 11 years 6 months 25 days  
Finance leases, weighted average remaining lease term 11 years 3 months 12 years 7 months 28 days  
Operating leases, weighted average discount rate 4.45% 4.08%  
Finance leases, weighted average discount rate 3.78% 3.80%  
Cash paid for amounts included in the measurement of lease liabilities:      
Operating cash flows from operating leases $ 97 $ 95 $ 91
Operating cash flows from finance leases 6 6 5
Financing cash flows from finance leases 19 18 16
Gains on sale-leaseback transactions $ 0 $ 0 $ 2
v3.25.4
Goodwill (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Goodwill      
Goodwill     $ 5,884
Accumulated impairment losses     (965)
Goodwill [Roll Forward]      
Net carrying value, beginning of period $ 4,918 $ 4,919  
Sale of business   (1)  
Acquisition activity 29    
Reallocation of goodwill 0    
Net carrying value, end of period 4,947 4,918  
General Corporate and Other      
Goodwill      
Goodwill     0
Accumulated impairment losses     0
Goodwill [Roll Forward]      
Net carrying value, beginning of period 0 0  
Sale of business   0  
Acquisition activity 0    
Reallocation of goodwill 0    
Net carrying value, end of period 0 0  
Commercial Banking | Operating Segments      
Goodwill      
Goodwill     3,074
Accumulated impairment losses     (750)
Goodwill [Roll Forward]      
Net carrying value, beginning of period 2,324 2,324  
Sale of business   0  
Acquisition activity 29    
Reallocation of goodwill (73)    
Net carrying value, end of period 2,280 2,324  
Consumer and Small Business Banking | Operating Segments      
Goodwill      
Goodwill     2,584
Accumulated impairment losses     (215)
Goodwill [Roll Forward]      
Net carrying value, beginning of period 2,369 2,369  
Sale of business   0  
Acquisition activity 0    
Reallocation of goodwill 73    
Net carrying value, end of period 2,442 2,369  
Wealth and Asset Management | Operating Segments      
Goodwill      
Goodwill     226
Accumulated impairment losses     $ 0
Goodwill [Roll Forward]      
Net carrying value, beginning of period 225 226  
Sale of business   (1)  
Acquisition activity 0    
Reallocation of goodwill 0    
Net carrying value, end of period $ 225 $ 225  
v3.25.4
Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets    
Gross Carrying Amount $ 361 $ 353
Accumulated Amortization (292) (263)
Net Carrying Amount 69 90
Total intangible assets 69 90
Core deposit intangibles    
Finite-Lived Intangible Assets    
Gross Carrying Amount 206 206
Accumulated Amortization (203) (196)
Net Carrying Amount 3 10
Developed technology    
Finite-Lived Intangible Assets    
Gross Carrying Amount 114 106
Accumulated Amortization (67) (50)
Net Carrying Amount 47 56
Customer relationships    
Finite-Lived Intangible Assets    
Gross Carrying Amount 28 28
Accumulated Amortization (12) (9)
Net Carrying Amount 16 19
Other    
Finite-Lived Intangible Assets    
Gross Carrying Amount 13 13
Accumulated Amortization (10) (8)
Net Carrying Amount $ 3 $ 5
v3.25.4
Intangible Assets - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]      
Amortization expense $ 29 $ 35 $ 43
v3.25.4
Intangible Assets - Estimated Amortization Expense (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
2026 $ 24
2027 16
2028 11
2029 8
2030 $ 2
v3.25.4
Variable Interest Entities - Classifications of Consolidated VIE Assets, Liabilities and Noncontrolling Interest Included in the Bancorp's Consolidated Balance Sheets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Assets        
Other short-term investments [1] $ 18,876 $ 17,120    
ALLL (2,253) [1] (2,352) [1] $ (2,322) $ (2,194)
Other assets [1] 12,111 12,857    
Total Assets 214,376 212,927    
Liabilities        
Other liabilities [1] 4,235 4,902    
Long-term debt [1] 13,589 14,337    
Total Liabilities 192,652 193,282    
Variable Interest Entity, Primary Beneficiary | Automobile And Solar Loan        
Assets        
Other short-term investments 38 51    
Indirect secured consumer loans 526 967    
Solar energy installation loans 28 33    
ALLL (9) (19)    
Other assets 3 5    
Total Assets 586 1,037    
Liabilities        
Other liabilities 11 12    
Long-term debt 473 889    
Total Liabilities $ 484 $ 901    
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
v3.25.4
Variable Interest Entities - Additional Information (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
investment
Dec. 31, 2024
USD ($)
LLCs designed for the purpose of purchasing pools of residual interests in leases    
Variable Interest Entity    
Number of co-investments | investment 3  
Ownership percentage 50.00%  
Variable Interest Entity, Not Primary Beneficiary | Loans provided to VIEs    
Variable Interest Entity    
Unfunded commitment amounts $ 3,400 $ 2,800
Variable Interest Entity, Not Primary Beneficiary | CDC investments    
Variable Interest Entity    
CDC investments 2,100 2,000
Unfunded commitments in qualifying LIHTC investments $ 714 741
Variable Interest Entity, Not Primary Beneficiary | CDC investments | Maximum    
Variable Interest Entity    
Unfunded commitments, year expected to be funded 2042  
Variable Interest Entity, Not Primary Beneficiary | CDC investments | Minimum    
Variable Interest Entity    
Unfunded commitments, year expected to be funded 2026  
Variable Interest Entity, Not Primary Beneficiary | Private equity investments    
Variable Interest Entity    
Unfunded commitment amounts $ 310 219
Capital contribution to private equity investments $ 63 $ 49
v3.25.4
Variable Interest Entities - Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Variable Interest Entity    
Total Assets $ 214,376 $ 212,927
Total Liabilities 192,652 193,282
Variable Interest Entity, Not Primary Beneficiary | CDC investments    
Variable Interest Entity    
Total Assets 2,293 2,179
Total Liabilities 714 741
Maximum Exposure 2,345 2,224
Variable Interest Entity, Not Primary Beneficiary | Private equity investments    
Variable Interest Entity    
Total Assets 330 268
Total Liabilities 0 0
Maximum Exposure 640 487
Variable Interest Entity, Not Primary Beneficiary | Loans provided to VIEs    
Variable Interest Entity    
Total Assets 4,340 4,711
Total Liabilities 0 0
Maximum Exposure 7,738 7,529
Variable Interest Entity, Not Primary Beneficiary | Lease pool entities    
Variable Interest Entity    
Total Assets 20 30
Total Liabilities 0 0
Maximum Exposure 20 30
Variable Interest Entity, Not Primary Beneficiary | Solar loan securitizations    
Variable Interest Entity    
Total Assets 7 8
Total Liabilities 0 0
Maximum Exposure $ 7 $ 8
v3.25.4
Variable Interest Entities - Investments in Qualified Affordable Housing Tax Credits (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Proportional amortization $ 220,000,000 $ 200,000,000 $ 200,000,000
Tax credits and other benefits(b)(c) (265,000,000) (248,000,000) (230,000,000)
Changes in carrying amount of equity method investments 9,000,000 8,000,000 0
Impairment losses $ 0 $ 0 $ 0
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration] Applicable income tax expense Applicable income tax expense Applicable income tax expense
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration] Applicable income tax expense Applicable income tax expense Applicable income tax expense
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Cash Flows [Extensible Enumeration] Increase (Decrease) in Other Operating Assets Increase (Decrease) in Other Operating Assets Increase (Decrease) in Other Operating Assets
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration] Increase (Decrease) in Other Operating Assets Increase (Decrease) in Other Operating Assets Increase (Decrease) in Other Operating Assets
v3.25.4
Sales of Receivables and Servicing Rights - Activity Related to Mortgage Banking Net Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Transfers and Servicing [Abstract]      
Contractually Specified Servicing Fee Income, Statement of Income or Comprehensive Income [Extensible Enumeration] Fees and Commissions, Mortgage Banking and Servicing Fees and Commissions, Mortgage Banking and Servicing Fees and Commissions, Mortgage Banking and Servicing
Residential mortgage loan sales $ 5,032 $ 3,954 $ 4,888
Origination fees and gains on loan sales 78 67 79
Gross mortgage servicing fees $ 292 $ 309 $ 319
v3.25.4
Sales of Receivables and Servicing Rights - Changes in the Servicing Assets (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Servicing Asset at Fair Value, Amount [Roll Forward]    
Balance, beginning of period $ 1,704 $ 1,737
Servicing rights originated 63 49
Servicing rights sold 0 (5)
Changes in fair value:    
Changes in fair value due to changes in inputs or assumptions (12) 74
Changes in fair value due to other changes in fair value (157) (151)
Balance, end of period $ 1,598 $ 1,704
Servicing Asset, Fair Value, Change in Fair Value, Other, Statement of Income or Comprehensive Income [Extensible Enumeration] Fees and Commissions, Mortgage Banking and Servicing Fees and Commissions, Mortgage Banking and Servicing
v3.25.4
Sales of Receivables and Servicing Rights - Servicing Rights and Residual Interests Economic Assumptions (Details) - Fixed-rate - bps
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Schedule of Servicing Assets at Amortized Value    
Weighted- Average Life (in years) 6 years 6 months 6 years 7 months 6 days
Prepayment Speed (annual) (as a percent) 12.40% 12.70%
OAS (bps) 0.0556 0.0488
v3.25.4
Sales of Receivables and Servicing Rights - Additional Information (Details)
$ in Billions
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Transfers and Servicing [Abstract]    
Servicing of residential mortgage loans for other investors $ 87.8 $ 94.2
Weighted-average coupon of the MSR portfolio (as a percent) 0.0386 0.0379
v3.25.4
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
 12 Months Ended
Dec. 31, 2025
USD ($)
bps
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 $ 1,595
Weighted- Average Life (in years) 7 years 10 months 24 days
Prepayment Speed Assumption, Rate (as a percent) 7.20%
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 10% $ (38)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 20% (73)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 50% $ (171)
OAS (bps) | bps 0.0441
OAS Spread Assumption, Impact of Adverse Change on Fair Value 10% $ (33)
OAS Spread Assumption, Impact of Adverse Change on Fair Value 20% (65)
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 6 months
Prepayment Speed Assumption, Rate (as a percent) 19.50%
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 (bps) | bps 0.0719
OAS Spread Assumption, Impact of Adverse Change on Fair Value 10% $ 0
OAS Spread Assumption, Impact of Adverse Change on Fair Value 20% $ (1)
v3.25.4
Derivative Financial Instruments - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Derivative        
Collateral held for derivative assets $ 576,000,000 $ 947,000,000    
Variation margin 270,000,000 403,000,000    
Valuation adjustments related to the credit risk associated with counterparties of customer accommodation derivative contracts 6,000,000 4,000,000    
Amount of variation margin payment applied to derivative liability contracts 415,000,000 1,200,000,000    
Gain or losses reclassified from AOCI into earnings associated with the discontinuance of cash flow hedges 0 0    
Notional amount of the risk participations agreements 3,171,000,000 3,247,000,000    
Equity, Attributable to Parent 21,724,000,000 19,645,000,000 $ 19,172,000,000 $ 17,327,000,000
Cash flow hedge derivatives        
Derivative        
Equity, Attributable to Parent (275,000,000) (654,000,000) $ (372,000,000) $ (498,000,000)
Total collateral        
Derivative        
Collateral held for derivative liabilities $ 868,000,000 1,100,000,000    
Interest Rate Contract        
Derivative        
Maximum length of time of hedging exposure 73 months      
Deferred loss, net of tax, on cash flow hedges recorded in accumulated other comprehensive income $ (275,000,000) (654,000,000)    
Net deferred loss, net of tax, recorded in AOCI are expected to be reclassified into earnings 54,000,000      
Interest Rate Contract | Credit Risk        
Derivative        
Notional amount of the risk participations agreements 3,200,000,000 3,200,000,000    
Fair value of risk participation agreements $ 4,000,000 $ 5,000,000    
Weighted-average remaining life 2 years      
v3.25.4
Derivative Financial Instruments - Notional Amounts and Fair Values for All Derivative Instruments Included in the Condensed Consolidated Balance Sheets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Jul. 21, 2025
Dec. 31, 2024
Derivatives, Fair Value      
Derivative assets $ 1,868   $ 2,472
Derivative liabilities 2,034   2,798
Variation Margin Receivable, Derivative (270)   (403)
Variation Margin Payable, Derivative (415)   (1,200)
Forward contracts related to residential mortgage loans measured at fair value      
Derivatives, Fair Value      
Forward contracts related to residential mortgage loans measured at fair value 1,072   881
Forward contracts related to residential mortgage loans measured at fair value      
Derivatives, Fair Value      
Notional Amount   $ 150  
Designated as Hedging Instrument      
Derivatives, Fair Value      
Derivative assets 8   7
Derivative liabilities 0   16
Designated as Hedging Instrument | Fair Value Hedging      
Derivatives, Fair Value      
Derivative assets 1   1
Derivative liabilities 0   12
Designated as Hedging Instrument | Fair Value Hedging | Interest rate swaps | Long-term debt      
Derivatives, Fair Value      
Notional Amount 4,205   4,955
Derivative assets 1   1
Derivative liabilities 0   12
Designated as Hedging Instrument | Cash Flow Hedging      
Derivatives, Fair Value      
Derivative assets 7   6
Derivative liabilities 0   4
Designated as Hedging Instrument | Cash Flow Hedging | Interest rate swaps | Commercial and Industrial      
Derivatives, Fair Value      
Notional Amount 6,850   11,000
Derivative assets 5   2
Derivative liabilities 0   4
Designated as Hedging Instrument | Cash Flow Hedging | Interest rate swaps | Commercial Mortgage and Commercial Construction      
Derivatives, Fair Value      
Notional Amount 4,000    
Derivative assets 2    
Derivative liabilities 0    
Designated as Hedging Instrument | Cash Flow Hedging | Interest rate swap - forward starting | Commercial and Industrial      
Derivatives, Fair Value      
Notional Amount     1,000
Derivative assets     1
Derivative liabilities     0
Designated as Hedging Instrument | Cash Flow Hedging | Interest rate swap - forward starting | Commercial Mortgage and Commercial Construction      
Derivatives, Fair Value      
Notional Amount     4,000
Derivative assets     3
Derivative liabilities     0
Not Designated as Hedging Instrument      
Derivatives, Fair Value      
Derivative assets 1,860   2,465
Derivative liabilities 2,034   2,782
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes      
Derivatives, Fair Value      
Derivative assets 7   15
Derivative liabilities 130   174
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Interest rate contracts related to MSR portfolio      
Derivatives, Fair Value      
Notional Amount 4,275   3,135
Derivative assets 6   4
Derivative liabilities 1   4
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Forward contracts related to residential mortgage loans measured at fair value      
Derivatives, Fair Value      
Notional Amount 1,072    
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     881
Derivative assets 1   8
Derivative liabilities 3   0
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Swap associated with the sale of Visa, Inc. Class B Shares      
Derivatives, Fair Value      
Notional Amount 2,678   2,465
Derivative assets 0   0
Derivative liabilities 124   170
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Foreign exchange contracts      
Derivatives, Fair Value      
Notional Amount 150   104
Derivative assets 0   2
Derivative liabilities 2   0
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Other      
Derivatives, Fair Value      
Notional Amount 82   670
Derivative assets 0   0
Derivative liabilities 0   0
Not Designated as Hedging Instrument | Risk Management and Other Business Purposes | Interest rate contracts for collateral management      
Derivatives, Fair Value      
Notional Amount     1,000
Derivative assets     1
Derivative liabilities     0
Not Designated as Hedging Instrument | Customer Accommodation      
Derivatives, Fair Value      
Derivative assets 1,853   2,450
Derivative liabilities 1,904   2,608
Not Designated as Hedging Instrument | Customer Accommodation | Foreign exchange contracts      
Derivatives, Fair Value      
Notional Amount 26,166   38,640
Derivative assets 659   1,165
Derivative liabilities 626   1,120
Not Designated as Hedging Instrument | Customer Accommodation | Interest rate contracts      
Derivatives, Fair Value      
Notional Amount 82,901   87,928
Derivative assets 443   708
Derivative liabilities 540   924
Variation Margin Receivable, Derivative (120)   (257)
Variation Margin Payable, Derivative (29)   (45)
Not Designated as Hedging Instrument | Customer Accommodation | Interest rate lock commitments      
Derivatives, Fair Value      
Notional Amount 317   264
Derivative assets 5   2
Derivative liabilities 0   0
Not Designated as Hedging Instrument | Customer Accommodation | Commodity contracts      
Derivatives, Fair Value      
Notional Amount 16,945   16,889
Derivative assets 746   575
Derivative liabilities 738   564
Not Designated as Hedging Instrument | Customer Accommodation | TBA securities      
Derivatives, Fair Value      
Notional Amount 31   44
Derivative assets 0   0
Derivative liabilities $ 0   $ 0
v3.25.4
Derivative Financial Instruments - Change in the Fair Value for Interest Rate Contracts and the Related Hedged Items (Details) - Fair Value Hedging - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Debt Securities      
Derivatives, Fair Value      
Cumulative amount of fair value hedging adjustments remaining for hedged items for which hedge accounting has been discontinued $ (7) $ (9)  
Long-term debt      
Derivatives, Fair Value      
Carrying amount of the hedged items 4,204 4,838  
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items 10 (103)  
Interest rate contracts | Interest on long-term debt      
Derivatives, Fair Value      
Change in fair value of interest rate swaps hedging long-term debt, available-for-sale debt and other securities 113 (66) $ 29
Change in fair value of hedged long-term debt, available-for-sale debt and other securities attributable to the risk being hedged $ (113) $ 65 $ (26)
v3.25.4
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
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Amount of pre-tax net gains (losses) recognized in OCI $ 317 $ (724) $ (171)
Amount of pre-tax net losses reclassified from OCI into net income $ (181) $ (351) $ (334)
v3.25.4
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
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest rate contracts | Capital markets fees | Contract revenue      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings $ 31 $ 29 $ 35
Interest rate contracts | Other noninterest expense | Credit portion of fair value adjustment      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings (3) 4 (2)
Interest rate contracts | Mortgage banking net revenue | Interest rate lock commitments      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings 62 41 52
Interest rate contracts | Mortgage banking net revenue | MSR portfolio      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings 26 (88) (43)
Foreign exchange contracts | Capital markets fees | Contract revenue      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings 75 74 89
Foreign exchange contracts | Other noninterest income      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings (4) 14 (3)
Foreign exchange contracts | Other noninterest income | Contract revenue      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings (31) 6 (14)
Foreign exchange contracts | Other noninterest expense | Credit portion of fair value adjustment      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings 0 0 4
Commodity contracts: | Capital markets fees | Contract revenue      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings 17 18 36
Commodity contracts: | Other noninterest expense | Credit portion of fair value adjustment      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings 0 1 0
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 (22) 13 (7)
Interest-only strips | Other noninterest income      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings 0 (1) (3)
Equity Derivatives | Other noninterest income | Swap associated with the sale of Visa, Inc. Class B Shares      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings $ (45) $ (138) $ (94)
v3.25.4
Derivative Financial Instruments - Risk Ratings of the Notional Amount of Risk Participation Agreements (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Derivatives, Fair Value    
Notional amount of the risk participations agreements $ 3,171 $ 3,247
Pass    
Derivatives, Fair Value    
Notional amount of the risk participations agreements 3,108 3,138
Special mention    
Derivatives, Fair Value    
Notional amount of the risk participations agreements 0 9
Substandard    
Derivatives, Fair Value    
Notional amount of the risk participations agreements $ 63 $ 100
v3.25.4
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
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest rate contracts | Credit portion of fair value adjustment | Other noninterest expense      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings $ (3) $ 4 $ (2)
Interest rate contracts | Interest rate lock commitments | Mortgage banking net revenue      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings 62 41 52
Commodity contracts | Credit portion of fair value adjustment | Other noninterest expense      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings 0 1 0
Foreign exchange contracts | Credit portion of fair value adjustment | Other noninterest expense      
Derivative Instruments, Gain (Loss)      
Net gains (losses) recorded in earnings $ 0 $ 0 $ 4
v3.25.4
Derivative Financial Instruments - Offsetting Derivative Financial Instruments (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Derivative assets    
Gross Amount Recognized in the Consolidated Balance Sheets $ 1,863 $ 2,470
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral (261) (573)
Net Amount 643 519
Derivative liabilities    
Gross Amount Recognized in the Condensed Consolidated Balance Sheets 2,034 2,798
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral (142) (193)
Net Amount 933 1,227
Derivative Asset, Subject to Master Netting Arrangement, Deduction of Financial Instrument Not Offset (959) (1,378)
Derivative Liability, Subject to Master Netting Arrangement, Deduction of Financial Instrument Not Offset $ (959) $ (1,378)
v3.25.4
Other Assets - Components (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Other Assets [Abstract]    
Partnership investments $ 2,743 $ 2,520
Accounts receivable and drafts-in-process 2,496 2,381
Bank owned life insurance 2,171 2,135
Derivative instruments 1,868 2,472
Deferred tax assets 865 1,429
Accrued interest and fees receivable 742 796
Operating lease right-of-use assets 629 526
Prepaid expenses 166 142
Income tax receivable 163 174
OREO and other repossessed property 31 32
Other 237 250
Total other assets [1] $ 12,111 $ 12,857
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
v3.25.4
Short-Term Borrowings - Summary of Short-Term Borrowings and Weighted-Average Rates (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Short-term Debt [Line Items]    
Federal Funds Purchased $ 226 $ 204
Other short-term borrowings 700 4,450
Federal Funds Purchased    
Short-term Debt [Line Items]    
Short-term borrowings, average 200 207
Short-term borrowings, maximum month-end balance $ 227 $ 247
Short-term borrowings, rate 3.61% 4.30%
Short-term borrowings, average rate 4.26% 5.21%
Other Short Term Borrowings    
Short-term Debt [Line Items]    
Short-term borrowings, average $ 4,730 $ 3,024
Short-term borrowings, maximum month-end balance $ 6,310 $ 5,070
Short-term borrowings, rate 2.87% 4.39%
Short-term borrowings, average rate 4.35% 5.18%
v3.25.4
Short-Term Borrowings - Components of Other Short-Term Borrowings (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Short-Term Debt [Abstract]    
FHLB advances $ 300 $ 4,100
Securities sold under repurchase agreements 311 273
Derivative collateral 19 19
Other borrowed money 70 58
Short-term borrowings $ 700 $ 4,450
v3.25.4
Long-Term Debt - Summary of the Bancorp's Long-Term Borrowings (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
May 05, 2020
Jan. 31, 2020
Mar. 14, 2018
Mar. 15, 2016
Debt Instrument            
Long-term debt [1] $ 13,589 $ 14,337        
Amount Qualifying as Tier Two Capital for Regulatory Capital Purposes            
Debt Instrument            
Long-term debt 1,100 1,300        
Parent Company            
Debt Instrument            
Long-term debt $ 8,886 9,521        
Parent Company | Senior Notes | Fixed Rate 2.375% Notes Due 2025            
Debt Instrument            
Interest rate (as a percent) 2.375%          
Long-term debt $ 0 750        
Parent Company | Senior Notes | Fixed Rate 2.55% Notes Due 2027            
Debt Instrument            
Interest rate (as a percent) 2.55%   2.55%      
Long-term debt $ 749 748        
Parent Company | Senior Notes | Fixed Rate/Floating Rate 1.707% Notes Due 2027            
Debt Instrument            
Interest rate (as a percent) 1.707%          
Long-term debt $ 489 472        
Parent Company | Senior Notes | Fixed Rate 3.95% Notes Due 2028            
Debt Instrument            
Interest rate (as a percent) 3.95%       3.95%  
Long-term debt $ 649 648        
Parent Company | Senior Notes | Fixed Rate/Floating Rate 4.055% Notes Due 2028            
Debt Instrument            
Interest rate (as a percent) 4.055%          
Long-term debt $ 396 387        
Parent Company | Senior Notes | Fixed Rate/Floating Rate 6.361% Notes Due 202            
Debt Instrument            
Interest rate (as a percent) 6.361%          
Long-term debt $ 1,012 999        
Parent Company | Senior Notes | Fixed Rate/Floating-Rate 6.339% Notes Due 2029            
Debt Instrument            
Interest rate (as a percent) 6.339%          
Long-term debt $ 1,247 1,246        
Parent Company | Senior Notes | Fixed Rate/Floating Rate 4.772% Notes Due 2030            
Debt Instrument            
Interest rate (as a percent) 4.772%          
Long-term debt $ 971 933        
Parent Company | Senior Notes | Fixed Rate/Floating Rate 4.895% Notes Due 2030            
Debt Instrument            
Interest rate (as a percent) 4.895%          
Long-term debt $ 747 747        
Parent Company | Senior Notes | Fixed Rate/Floating Rate 5.631% Notes Due 2032            
Debt Instrument            
Interest rate (as a percent) 5.631%          
Long-term debt $ 996 996        
Parent Company | Senior Notes | Fixed Rate/Floating Rate 4.337% Notes Due 2033            
Debt Instrument            
Interest rate (as a percent) 4.337%          
Long-term debt $ 567 544        
Parent Company | Subordinated Debt | Fixed Rate 8.25% Notes Due 2038            
Debt Instrument            
Interest rate (as a percent) 8.25%          
Long-term debt $ 1,063 1,051        
Subsidiaries            
Debt Instrument            
Long-term debt 4,703          
Subsidiaries | FHLB Advances Due 2026 to 2047            
Debt Instrument            
Long-term debt $ 1,505 1,508        
Subsidiaries | FHLB Advances Due 2026 to 2047 | Weighted-Average            
Debt Instrument            
Interest rate (as a percent) 4.91%          
Subsidiaries | Other Debt Due 2026 - 2052            
Debt Instrument            
Long-term debt $ 345 312        
Subsidiaries | Variable Interest Entity, Primary Beneficiary | Variable Rate | Automobile Loans            
Debt Instrument            
Long-term debt $ 425 816        
Subsidiaries | Variable Interest Entity, Primary Beneficiary | Variable Rate | Automobile Loans | Minimum            
Debt Instrument            
Interest rate (as a percent) 5.52%          
Subsidiaries | Variable Interest Entity, Primary Beneficiary | Variable Rate | Automobile Loans | Maximum            
Debt Instrument            
Interest rate (as a percent) 5.53%          
Subsidiaries | Variable Interest Entity, Primary Beneficiary | Fixed-Rate Notes Due 2026 - 2052 | Solar loan securitizations            
Debt Instrument            
Long-term debt $ 25 30        
Subsidiaries | Variable Interest Entity, Primary Beneficiary | Fixed-Rate Notes Due 2026 - 2052 | Solar loan securitizations | Minimum            
Debt Instrument            
Interest rate (as a percent) 4.05%          
Subsidiaries | Variable Interest Entity, Primary Beneficiary | Fixed-Rate Notes Due 2026 - 2052 | Solar loan securitizations | Maximum            
Debt Instrument            
Interest rate (as a percent) 7.00%          
Subsidiaries | Senior Notes | Fixed Rate 3.95% Notes Due 2025            
Debt Instrument            
Interest rate (as a percent) 3.95%          
Long-term debt $ 0 747        
Subsidiaries | Senior Notes | Fixed Rate 2.25% Notes Due 2027            
Debt Instrument            
Interest rate (as a percent) 2.25%     2.25%    
Long-term debt $ 600 599        
Subsidiaries | Senior Notes | Fixed Rate/Floating Rate 4.967% Notes Due 2028            
Debt Instrument            
Interest rate (as a percent) 4.967%          
Long-term debt $ 699 0        
Subsidiaries | Senior Notes | Floating Rate Note Due 2028            
Debt Instrument            
Interest rate (as a percent) 4.753%          
Long-term debt $ 299 0        
Subsidiaries | Subordinated Debt | Fixed Rate 3.85% Notes Due 2026            
Debt Instrument            
Interest rate (as a percent) 3.85%         3.85%
Long-term debt $ 750 750        
Subsidiaries | Junior Subordinated Debt | Floating-Rate Debentures Due 2035            
Debt Instrument            
Long-term debt $ 55 $ 54        
Subsidiaries | Junior Subordinated Debt | Floating-Rate Debentures Due 2035 | Minimum            
Debt Instrument            
Interest rate (as a percent) 5.40%          
Subsidiaries | Junior Subordinated Debt | Floating-Rate Debentures Due 2035 | Maximum            
Debt Instrument            
Interest rate (as a percent) 5.67%          
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
v3.25.4
Long-Term Debt - Schedule of Aggregate Maturities of Long-Term Debt Obligations (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument    
2026 $ 2,261  
2027 1,849  
2028 3,421  
2029 1,315  
2030 1,786  
Thereafter 2,957  
Total [1] 13,589 $ 14,337
Parent Company    
Debt Instrument    
2026 0  
2027 1,238  
2028 2,057  
2029 1,247  
2030 1,718  
Thereafter 2,626  
Total 8,886 $ 9,521
Subsidiaries    
Debt Instrument    
2026 2,261  
2027 611  
2028 1,364  
2029 68  
2030 68  
Thereafter 331  
Total $ 4,703  
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
v3.25.4
Long-Term Debt - Additional Information (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument    
Debt, outstanding note $ 13,600 $ 14,500
Debt, discounts and premiums 11 13
Unamortized debt issuance costs 25 31
Fair Value Hedging | Long-term debt    
Debt Instrument    
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items $ 10 $ (103)
v3.25.4
Long-Term Debt - Senior Notes (Details) - Parent Company - USD ($)
$ in Millions
Sep. 06, 2024
Jan. 29, 2024
Jul. 27, 2023
Oct. 27, 2022
Jul. 28, 2022
Apr. 25, 2022
Nov. 01, 2021
May 05, 2020
Mar. 14, 2018
Dec. 31, 2025
Senior Notes | Fixed Rate 3.95% Notes Due 2028                    
Debt Instrument                    
Principal amount                 $ 650  
Interest rate (as a percent)                 3.95% 3.95%
Redemption period prior to maturity date                 30 days  
Redemption price (as a percent)                 100.00%  
Senior Notes | Fixed Rate 2.55% Notes Due 2027                    
Debt Instrument                    
Principal amount               $ 750    
Interest rate (as a percent)               2.55%   2.55%
Redemption price (as a percent)               100.00%    
Debt term               7 years    
Senior Notes | Fixed Rate 2.55% Notes Due 2027 | U.S. Treasury Rate                    
Debt Instrument                    
Basis spread on variable rate (as a percent)               0.35%    
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due November 1, 2027                    
Debt Instrument                    
Principal amount             $ 500      
Redemption period prior to maturity date             30 days      
Derivative, variable interest rate                   4.68%
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due November 1, 2027 | Debt Instrument, Redemption, Period One                    
Debt Instrument                    
Redemption price (as a percent)             100.00%      
Debt instrument, redemption period             1 year      
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due November 1, 2027 | Debt Instrument, Redemption, Period Two                    
Debt Instrument                    
Redemption price (as a percent)             100.00%      
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due November 1, 2027 | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Derivative, basis spread on a variable rate             0.69%      
Senior Notes | Fixed Rate 1.707% Senior Notes                    
Debt Instrument                    
Interest rate (as a percent)             1.707%      
Senior Notes | Senior Notes with Compounded SOFR Interest Rate | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Basis spread on variable rate (as a percent)             0.685%      
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due April 2028 And 2033                    
Debt Instrument                    
Principal amount           $ 1,000        
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due April 2028 And 2033 | Debt Instrument, Redemption, Period One                    
Debt Instrument                    
Debt instrument, redemption period           1 year        
Senior Notes | Fixed Rate/Floating Rate 4.055 Percent Senior Notes Due April 2028                    
Debt Instrument                    
Principal amount           $ 400        
Interest rate (as a percent)           4.055%        
Derivative, variable interest rate                   5.21%
Senior Notes | Fixed Rate/Floating Rate 4.055 Percent Senior Notes Due April 2028 | Debt Instrument, Redemption, Period Two                    
Debt Instrument                    
Debt instrument, redemption period           30 days        
Senior Notes | Fixed Rate/Floating Rate 4.055 Percent Senior Notes Due April 2028 | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Basis spread on variable rate (as a percent)           1.355%        
Senior Notes | Fixed Rate/Floating Rate 4.055 Percent Senior Notes Due April 2028 | Secured Overnight Financing Rate, Floating (SOFR)                    
Debt Instrument                    
Derivative, basis spread on a variable rate           1.357%        
Senior Notes | Fixed Rate/Floating Rate 4.337 Percent Senior Notes Due April 2033                    
Debt Instrument                    
Principal amount           $ 600        
Interest rate (as a percent)           4.337%        
Derivative, variable interest rate                   5.52%
Senior Notes | Fixed Rate/Floating Rate 4.337 Percent Senior Notes Due April 2033 | Debt Instrument, Redemption, Period Three                    
Debt Instrument                    
Debt instrument, redemption period           90 days        
Senior Notes | Fixed Rate/Floating Rate 4.337 Percent Senior Notes Due April 2033 | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Basis spread on variable rate (as a percent)           1.66%        
Senior Notes | Fixed Rate/Floating Rate 4.337 Percent Senior Notes Due April 2033 | Secured Overnight Financing Rate, Floating (SOFR)                    
Debt Instrument                    
Derivative, basis spread on a variable rate           1.666%        
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due July 2030                    
Debt Instrument                    
Principal amount         $ 1,000          
Derivative, variable interest rate                   5.95%
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due July 2030 | Debt Instrument, Redemption, Period One                    
Debt Instrument                    
Debt instrument, redemption period         1 year          
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due July 2030 | Debt Instrument, Redemption, Period Four                    
Debt Instrument                    
Debt instrument, redemption period         60 days          
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due July 2030 | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Basis spread on variable rate (as a percent)         2.127%          
Derivative, basis spread on a variable rate                   2.132%
Senior Notes | Fixed Rate 4.772 Percent Senior Notes Due July 2030                    
Debt Instrument                    
Interest rate (as a percent)         4.772%          
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due October 2028                    
Debt Instrument                    
Principal amount       $ 1,000            
Redemption period prior to maturity date       180 days            
Derivative, variable interest rate                   6.02%
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due October 2028 | Debt Instrument, Redemption, Period Four                    
Debt Instrument                    
Redemption period prior to maturity date       1 year            
Debt instrument, redemption period       30 days            
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due October 2028 | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Basis spread on variable rate (as a percent)       2.192%            
Derivative, basis spread on a variable rate       2.193%            
Senior Notes | Fixed Rate 6.361 Percent Senior Notes Due October 2028                    
Debt Instrument                    
Interest rate (as a percent)       6.361%            
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due July 27, 2029                    
Debt Instrument                    
Principal amount     $ 1,250              
Interest rate (as a percent)     6.339%              
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due July 27, 2029 | Debt Instrument, Redemption, Period One                    
Debt Instrument                    
Debt instrument, redemption period     1 year              
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due July 27, 2029 | Debt Instrument, Redemption, Period Two                    
Debt Instrument                    
Debt instrument, redemption period     30 days              
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due July 27, 2029 | Debt Instrument, Redemption, Period Five                    
Debt Instrument                    
Debt instrument, redemption period     180 days              
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due July 27, 2029 | Secured Overnight Financing Rate (SOFR)                    
Debt Instrument                    
Basis spread on variable rate (as a percent)     2.34%              
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due January 29, 2032                    
Debt Instrument                    
Principal amount   $ 1,000                
Interest rate (as a percent)   5.631%                
Basis spread on variable rate (as a percent)   1.84%                
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due January 29, 2032 | Debt Instrument, Redemption, Period One                    
Debt Instrument                    
Debt instrument, redemption period   1 year                
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due January 29, 2032 | Debt Instrument, Redemption, Period Two                    
Debt Instrument                    
Debt instrument, redemption period   60 days                
Senior Notes | Fixed Rate/Floating Rate Senior Notes Due January 29, 2032 | Debt Instrument, Redemption, Period Three                    
Debt Instrument                    
Debt instrument, redemption period   180 days                
Senior Notes | Fixed/Floating Rate Floating Rate 4.895% Senior Notes Due 2030                    
Debt Instrument                    
Principal amount $ 750                  
Interest rate (as a percent) 4.895%                  
Basis spread on variable rate (as a percent) 1.486%                  
Senior Notes | Fixed/Floating Rate Floating Rate 4.895% Senior Notes Due 2030 | Debt Instrument, Redemption, Period One                    
Debt Instrument                    
Debt instrument, redemption period 1 year                  
Senior Notes | Fixed/Floating Rate Floating Rate 4.895% Senior Notes Due 2030 | Debt Instrument, Redemption, Period Two                    
Debt Instrument                    
Debt instrument, redemption period 30 days                  
Senior Notes | Fixed/Floating Rate Floating Rate 4.895% Senior Notes Due 2030 | Debt Instrument, Redemption, Period Three                    
Debt Instrument                    
Debt instrument, redemption period 180 days                  
Subordinated Debt | Fixed Rate 8.25% Notes Due 2038                    
Debt Instrument                    
Interest rate (as a percent)                   8.25%
Derivative, variable interest rate                   7.49%
Derivative, basis spread on a variable rate                   3.31%
v3.25.4
Long-Term Debt - Subordinated Debt (Details) - Parent Company - Subordinated Debt - Fixed Rate 8.25% Notes Due 2038
$ in Millions
Dec. 31, 2025
USD ($)
Debt Instrument  
Issue of senior notes to third party investors $ 1,000
Interest rate (as a percent) 8.25%
Amount of debt converted to floating rate $ 705
Derivative, basis spread on a variable rate 3.31%
Derivative, variable interest rate 7.49%
v3.25.4
Long-Term Debt - Senior and Subordinated Debt (Details) - Subsidiaries - USD ($)
$ in Millions
 12 Months Ended
Jan. 28, 2025
Jan. 31, 2020
Mar. 15, 2016
Dec. 31, 2025
Debt Instrument        
Global Bank note program       $ 25,000
Debt, available for future issuance       $ 20,200
Subordinated Debt | Fixed Rate 3.85% Notes Due 2026        
Debt Instrument        
Principal amount     $ 750  
Interest rate (as a percent)     3.85% 3.85%
Redemption period prior to maturity date     30 days  
Redemption price (as a percent)     100.00%  
Senior Notes | Fixed Rate 3.95% Notes Due 2025        
Debt Instrument        
Interest rate (as a percent)       3.95%
Senior Notes | Fixed Rate 2.25% Notes Due 2027        
Debt Instrument        
Principal amount   $ 600    
Interest rate (as a percent)   2.25%   2.25%
Redemption price (as a percent)   100.00%    
Senior Notes | Fixed Rate/Floating Rate 4.967% Notes Due January 2028        
Debt Instrument        
Principal amount $ 700      
Interest rate (as a percent) 4.967%      
Basis spread on variable rate (as a percent) 0.81%      
Senior Notes | Fixed Rate/Floating Rate 4.967% Notes Due January 2028 | Debt Instrument, Redemption, Period One        
Debt Instrument        
Debt instrument, redemption period 1 year      
Senior Notes | Fixed Rate/Floating Rate 4.967% Notes Due January 2028 | Debt Instrument, Redemption, Period Two        
Debt Instrument        
Debt instrument, redemption period 30 days      
Senior Notes | Fixed Rate/Floating Rate 4.967% Notes Due January 2028 | Debt Instrument, Redemption, Period Three        
Debt Instrument        
Debt instrument, redemption period 180 days      
Senior Notes | Floating Rate Notes Due January 2028        
Debt Instrument        
Principal amount $ 300      
Basis spread on variable rate (as a percent) 81.00%      
Minimum | Medium-Term Senior Notes and Subordinated Bank Notes        
Debt Instrument        
Debt term       1 year
Maximum | Medium-Term Senior Notes and Subordinated Bank Notes        
Debt Instrument        
Debt term       30 years
v3.25.4
Long-Term Debt - Junior Subordinated Debt (Details) - Subordinated Debt
 12 Months Ended
Dec. 31, 2025
First Charter Capital Trust I  
Debt Instrument  
Basis spread on variable rate (as a percent) 1.69%
First Capital Trust II  
Debt Instrument  
Basis spread on variable rate (as a percent) 1.42%
First Charter Capital Trust I and II  
Debt Instrument  
Tenor spread adjustment 0.0026161
v3.25.4
Long-Term Debt - FHLB Advances (Details) - Subsidiaries - FHLB Advances Due 2026 to 2047
$ in Millions
Dec. 31, 2025
USD ($)
Debt Instrument  
Loans and securities serving as FHLB collateral $ 35,200
FHLB advances 1,500
FHLB maturing in 2026 1,500
FHLB maturing after 2029 $ 5
Weighted-Average  
Debt Instrument  
Interest rate (as a percent) 4.91%
v3.25.4
Long-Term Debt - Notes Associated with Consolidated VIEs (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument    
Long-term debt [1] $ 13,589 $ 14,337
2028 3,421  
Thereafter 2,957  
Subsidiaries    
Debt Instrument    
Long-term debt 4,703  
2028 1,364  
Thereafter 331  
Variable Interest Entity, Primary Beneficiary | Subsidiaries | Automobile And Solar Loans | Fixed    
Debt Instrument    
Long-term debt 450  
2028 327  
Thereafter $ 123  
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
v3.25.4
Commitments, Contingent Liabilities and Guarantees - Summary of Significant Commitments (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Commitments to extend credit    
Long-term Purchase Commitment    
Commitments $ 84,405 $ 80,680
Letters of credit    
Long-term Purchase Commitment    
Commitments 2,095 1,952
Forward contracts related to residential mortgage loans measured at fair value    
Long-term Purchase Commitment    
Commitments 1,072 881
Capital commitments for private equity investments    
Long-term Purchase Commitment    
Commitments 310 219
Capital expenditures    
Long-term Purchase Commitment    
Commitments 147 80
Purchase obligations    
Long-term Purchase Commitment    
Commitments $ 0 $ 27
v3.25.4
Commitments, Contingent Liabilities and Guarantees - Additional Information (Details) - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Sep. 30, 2023
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Sep. 30, 2019
Jun. 30, 2018
Sep. 30, 2014
Sep. 30, 2012
Mar. 31, 2012
Jun. 30, 2011
Dec. 31, 2010
Jun. 30, 2010
Dec. 31, 2008
Loss Contingencies                                      
Margin account balance held by the brokerage clearing agent $ 13 $ 16                                  
Visa                                      
Loss Contingencies                                      
Fair value of mortgage representation and warranty provisions 124 170                                  
Visa IPO, shares of Visa's Class B common stock received (in shares)                                     10.1
Visa Class B shares carryover basis                                     $ 0
Escrow deposit 500   $ 500 $ 375 $ 1,500 $ 150 $ 500 $ 350 $ 600 $ 250 $ 300 $ 600 $ 450 $ 150 $ 1,565 $ 400 $ 800 $ 500 $ 3,000
Residential mortgage loans                                      
Loss Contingencies                                      
Fair value of mortgage representation and warranty provisions 8                                    
Make-whole payments 0 0                                  
Repurchased outstanding principal 18 20                                  
Repurchase demand request 36 44                                  
Outstanding repurchase demand inventory 5 7                                  
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 $ 9 $ 12                                  
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 77.00% 76.00%                                  
Other Liabilities                                      
Loss Contingencies                                      
Reserve for unfunded commitments $ 157 $ 134                                  
Other Liabilities | Residential mortgage loans                                      
Loss Contingencies                                      
Outstanding balances on residential mortgage loans sold with representation and warranty provisions $ 4 $ 5                                  
v3.25.4
Commitments, Contingent Liabilities and Guarantees - Risk Rating Under the Risk Rating System (Details) - Commitments to Extend Credit - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Line of Credit Facility    
Commitments $ 84,405 $ 80,680
Pass    
Line of Credit Facility    
Commitments 82,536 78,734
Special mention    
Line of Credit Facility    
Commitments 834 850
Substandard    
Line of Credit Facility    
Commitments 991 1,095
Doubtful    
Line of Credit Facility    
Commitments $ 44 $ 1
v3.25.4
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
Dec. 31, 2025
USD ($)
Line of Credit Facility  
Commitments $ 2,095
Less than 1 year  
Line of Credit Facility  
Commitments 1,122
Less than 1 year | Commercial  
Line of Credit Facility  
Commitments 1
1 - 5 years  
Line of Credit Facility  
Commitments 973
1 - 5 years | Commercial  
Line of Credit Facility  
Commitments $ 3
v3.25.4
Commitments, Contingent Liabilities and Guarantees - Letters of Credit (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Off-balance Sheet Risks, Disclosure Information    
Letters of credit $ 2,095 $ 1,952
Pass    
Fair Value, Off-balance Sheet Risks, Disclosure Information    
Letters of credit 1,923 1,779
Special mention    
Fair Value, Off-balance Sheet Risks, Disclosure Information    
Letters of credit 55 60
Substandard    
Fair Value, Off-balance Sheet Risks, Disclosure Information    
Letters of credit 113 110
Doubtful    
Fair Value, Off-balance Sheet Risks, Disclosure Information    
Letters of credit $ 4 $ 3
v3.25.4
Commitments, Contingent Liabilities and Guarantees - Visa Funding and Bancorp Cash Payments (Details) - USD ($)
$ in Millions
 3 Months Ended
Jan. 08, 2026
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Sep. 30, 2023
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Sep. 30, 2019
Jun. 30, 2018
Sep. 30, 2014
Sep. 30, 2012
Mar. 31, 2012
Jun. 30, 2011
Dec. 31, 2010
Jun. 30, 2010
Dec. 31, 2025
Dec. 31, 2008
Visa Funding Amount                                      
Loss Contingencies                                      
Escrow deposit   $ 500 $ 375 $ 1,500 $ 150 $ 500 $ 350 $ 600 $ 250 $ 300 $ 600 $ 450 $ 150 $ 1,565 $ 400 $ 800 $ 500 $ 500 $ 3,000
Bancorp Cash Payment Amount                                      
Loss Contingencies                                      
Cash payment amount   $ 21 $ 15 $ 65 $ 6 $ 21 $ 15 $ 25 $ 11 $ 12 $ 26 $ 18 $ 6 $ 75 $ 19 $ 35 $ 20    
Bancorp Cash Payment Amount | Subsequent Event                                      
Loss Contingencies                                      
Cash payment amount $ 21                                    
v3.25.4
Legal and Regulatory Proceedings (Details)
$ in Millions
 1 Months Ended 12 Months Ended
Mar. 29, 2023
USD ($)
May 28, 2019
USD ($)
Sep. 17, 2018
USD ($)
Oct. 31, 2012
class_action
Dec. 31, 2013
lawsuit
Dec. 31, 2025
USD ($)
Aug. 03, 2012
Loss Contingencies              
Apr percentage allegedly misleading             120.00%
Number of putative class actions filed | lawsuit         4    
Damages sought   $ 440          
Damages awarded $ 2            
Amount in excess of amounts reserved           $ 76  
Federal Lawsuits              
Loss Contingencies              
Number of merchants requesting exclusion | class_action       500      
Class Action Settlement              
Loss Contingencies              
Total payment by all defendants     $ 6,240        
v3.25.4
Related Party Transactions - Summary of the Bancorp's Activities with its Principal Shareholders, Directors and Executives (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Related Party Transactions    
Outstanding balance on loans, net of participations and undrawn commitments $ 120,398 $ 117,439
Related Party    
Related Party Transactions    
Outstanding balance on loans, net of participations and undrawn commitments 132 56
Commitments to Extend Credit    
Related Party Transactions    
Commitments 84,405 80,680
Commitments to Extend Credit | Directors and their affiliated companies    
Related Party Transactions    
Commitments 202 162
Commitments to Extend Credit | Executive officers    
Related Party Transactions    
Commitments 3 3
Commitments to Extend Credit | Related Party    
Related Party Transactions    
Commitments $ 205 $ 165
v3.25.4
Income Taxes - Summary of income before income taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
Domestic income before income taxes $ 3,211 $ 2,919 $ 2,943
Foreign income (loss) before income taxes 0 (3) 45
Income (loss) before income taxes (FTE)(a) $ 3,211 $ 2,916 $ 2,988
v3.25.4
Income Taxes - Applicable Income Taxes Included in the Consolidated Statements of Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current income tax expense:      
U.S. Federal income taxes $ 476 $ 452 $ 647
State and local income taxes 76 75 96
Foreign income taxes (3) 3 2
Total current income tax expense 549 530 745
Deferred income tax expense (benefit):      
U.S. Federal income taxes 129 84 (81)
State and local income taxes 12 (13) (23)
Foreign income taxes (1) 1 (2)
Total deferred income tax expense (benefit) 140 72 (106)
Applicable income tax expense $ 689 $ 602 $ 639
v3.25.4
Income Taxes - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
Amortization for qualifying CDC investments $ 220,000,000 $ 200,000,000 $ 200,000,000
Deferred tax assets related to state net operating loss carryforwards 10,000,000 6,000,000  
State net operating loss carryforwards specific valuation allowances 6,000,000 7,000,000  
Interest expense recognized in connection with income taxes 2,000,000 1,000,000 $ 2,000,000
Accrued interest liabilities, net of the related tax benefits 13,000,000 11,000,000  
Liabilities for penalties related to income taxes 0 0  
Allocation of earnings for bad debt deductions of former thrift subsidiaries included in retained earnings $ 157,000,000 $ 157,000,000  
v3.25.4
Income Taxes - Reconciliation Between the Federal Statutory Corporate Tax Rate and the Bancorp's Effective Tax Rate (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
Statutory tax rate $ 674 $ 612 $ 627
State and local income taxes, net of federal benefit 84 58 71
Foreign tax effects (2) (4) (1)
Effective Income Tax Rate Reconciliation, Tax Credit, Amount [Abstract]      
Tax credits and other tax benefits from CDC investments, net of proportional amortization (39) (43) (31)
Other tax credits (9) (7) (21)
Nontaxable or nondeductible items:      
Tax-exempt income (26) (27) (25)
Other 21 24 28
Changes in unrecognized tax benefits (15) (10) (10)
Other adjustments 1 (1) 1
Applicable income tax expense $ 689 $ 602 $ 639
Percent      
Statutory tax rate 21.00% 21.00% 21.00%
State and local income taxes, net of federal benefit 2.60% 2.00% 2.40%
Foreign tax effects (0.10%) (0.20%) 0.00%
Tax credits:      
Tax credits and other tax benefits from CDC investments, net of proportional amortization (1.20%) (1.50%) (1.00%)
Other tax credits (0.30%) (0.30%) (0.70%)
Nontaxable or nondeductible items:      
Tax-exempt income (0.80%) (0.90%) (0.80%)
Other 0.70% 0.80% 0.90%
Changes in unrecognized tax benefits (0.50%) (0.30%) (0.40%)
Other adjustments 0.00% 0.00% 0.00%
Effective tax rate 21.40% 20.60% 21.40%
v3.25.4
Income Taxes - Summary of Income Taxes Paid, Net (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Contingency [Line Items]      
U.S. Federal income taxes $ 100 $ 131 $ 529
State and local income taxes 87 61 111
Foreign income taxes (2) 1 15
Total income taxes paid, net of refunds received 185 193 $ 655
ILLINOIS      
Income Tax Contingency [Line Items]      
State and local income taxes 16    
CALIFORNIA      
Income Tax Contingency [Line Items]      
State and local income taxes 11    
NEW YORK      
Income Tax Contingency [Line Items]      
State and local income taxes $ 11 $ 12  
v3.25.4
Income Taxes - Reconciliation of the Beginning and Ending Amounts of the Bancorp's Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]      
Unrecognized tax benefits at January 1 $ 101 $ 97 $ 94
Gross increases for tax positions taken during prior period 2 12 14
Gross decreases for tax positions taken during prior period (11) (7) (5)
Gross increases for tax positions taken during current period 7 21 15
Settlements with taxing authorities (1) (1) (1)
Lapse of applicable statute of limitations (11) (21) (20)
Unrecognized tax benefits at December 31 $ 87 $ 101 $ 97
v3.25.4
Income Taxes - Deferred Income Taxes Included in Other Assets in the Consolidated Balance Sheets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Other comprehensive income $ 973 $ 1,459
Allowance for loan and lease losses 473 494
Loan origination fees and costs 188 199
Deferred compensation 117 115
Reserves 33 38
State deferred taxes 25 35
Reserves for unfunded commitments 33 28
Federal net operating loss carryforwards 1 7
State net operating loss carryforwards 10 6
Other 103 138
Total deferred tax assets 1,956 2,519
Deferred tax liabilities:    
Lease financing 660 583
MSRs and related economic hedges 161 153
Bank premises and equipment 111 76
Goodwill and intangible assets 61 64
Other 101 216
Total deferred tax liabilities 1,094 1,092
Total net deferred tax asset $ 862 $ 1,427
v3.25.4
Retirement and Benefit Plans - Defined Benefit Retirement Plans with Overfunded and Underfunded Status (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair value of plan assets at January 1 $ 87    
Fair value of plan assets at December 31 81 $ 87  
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Interest cost 5 5 $ 6
Underfunded defined benefit pension plans      
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]      
Fair value of plan assets at January 1 87 102  
Actual return on assets 6 (3)  
Contributions 1 1  
Settlement (7) (7)  
Benefits paid (6) (6)  
Fair value of plan assets at December 31 81 87 102
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Projected benefit obligation at January 1 100 113  
Interest cost 5 5  
Settlement (7) (7)  
Actuarial loss (gain) 3 (5)  
Benefits paid (6) (6)  
Projected benefit obligation at December 31 95 100 $ 113
Underfunded projected benefit obligation at December 31 (14) (13)  
Accumulated benefit obligation at December 31 $ 95 $ 100  
v3.25.4
Retirement and Benefit Plans - Net Periodic Benefit Cost and Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Components of net periodic benefit cost:      
Interest cost $ 5 $ 5 $ 6
Expected return on assets (5) (5) (5)
Amortization of net actuarial loss 2 2 2
Settlement 2 2 2
Net periodic benefit cost 4 4 5
Other changes in plan assets and benefit obligations recognized in OCI:      
Net actuarial loss 2 2 1
Amortization of net actuarial loss (2) (2) (2)
Settlement (1) (1) (2)
Total recognized in other comprehensive income (1) (1) (3)
Total recognized in net periodic benefit cost and OCI $ 3 $ 3 $ 2
v3.25.4
Retirement and Benefit Plans - Plan Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plan Disclosure    
Plan assets $ 81 $ 87
Cash equivalents    
Defined Benefit Plan Disclosure    
Plan assets 2 3
Total debt securities    
Defined Benefit Plan Disclosure    
Plan assets 79 84
U.S. Treasury and federal agencies securities    
Defined Benefit Plan Disclosure    
Plan assets 49 51
Asset-backed securities and other debt securities    
Defined Benefit Plan Disclosure    
Plan assets 30 33
Level 1    
Defined Benefit Plan Disclosure    
Plan assets 48 51
Level 1 | Cash equivalents    
Defined Benefit Plan Disclosure    
Plan assets 2 3
Level 1 | Total debt securities    
Defined Benefit Plan Disclosure    
Plan assets 46 48
Level 1 | U.S. Treasury and federal agencies securities    
Defined Benefit Plan Disclosure    
Plan assets 46 48
Level 1 | Asset-backed securities and other debt securities    
Defined Benefit Plan Disclosure    
Plan assets 0 0
Level 2    
Defined Benefit Plan Disclosure    
Plan assets 33 36
Level 2 | Cash equivalents    
Defined Benefit Plan Disclosure    
Plan assets 0 0
Level 2 | Total debt securities    
Defined Benefit Plan Disclosure    
Plan assets 33 36
Level 2 | U.S. Treasury and federal agencies securities    
Defined Benefit Plan Disclosure    
Plan assets 3 3
Level 2 | Asset-backed securities and other debt securities    
Defined Benefit Plan Disclosure    
Plan assets 30 33
Level 3    
Defined Benefit Plan Disclosure    
Plan assets 0 0
Level 3 | Cash equivalents    
Defined Benefit Plan Disclosure    
Plan assets 0 0
Level 3 | Total debt securities    
Defined Benefit Plan Disclosure    
Plan assets 0 0
Level 3 | U.S. Treasury and federal agencies securities    
Defined Benefit Plan Disclosure    
Plan assets 0 0
Level 3 | Asset-backed securities and other debt securities    
Defined Benefit Plan Disclosure    
Plan assets $ 0 $ 0
v3.25.4
Retirement and Benefit Plans - Plan Assumptions (Details)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
For measuring benefit obligations at year end:      
Discount rate 5.31% 5.58% 5.04%
For measuring net periodic benefit cost:      
Discount rate 5.52% 5.08% 5.50%
Expected return on plan assets 5.51% 5.09% 5.52%
v3.25.4
Retirement and Benefit Plans - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure      
Increase in pension expense by lowering both the expected rate of return on the plan and the discount rate by 0.25% $ 0    
Estimated future defined benefit plan contributions 1,000,000    
Estimated pension benefit payments for 2026 12,000,000    
Estimated pension benefit payments for 2027 11,000,000    
Estimated pension benefit payments for 2028 10,000,000    
Estimated pension benefit payments for 2029 10,000,000    
Estimated pension benefit payments for 2030 9,000,000    
Estimated pension benefit payments for 2031 through 2035 36,000,000    
Trustee fees 0 $ 0 $ 0
Qualified defined contribution plan      
Defined Benefit Plan Disclosure      
Expenses recognized for the Bancorp's defined contribution plan 119,000,000 115,000,000 114,000,000
Non-qualified defined contribution plan      
Defined Benefit Plan Disclosure      
Expenses recognized for the Bancorp's defined contribution plan 6,000,000 5,000,000 5,000,000
Deferred profit sharing      
Defined Benefit Plan Disclosure      
Expenses recognized for the Bancorp's defined contribution plan $ 0 $ 0 $ 0
v3.25.4
Retirement and Benefit Plans - Targeted and Actual Weighted Average Asset Allocations by Plan Asset Category (Details)
Dec. 31, 2025
Dec. 31, 2024
Defined Benefit Plan Disclosure    
Actual weighted-average asset allocation percentage 100.00% 100.00%
Fixed-income securities    
Defined Benefit Plan Disclosure    
Actual weighted-average asset allocation percentage 97.00% 95.00%
Fixed-income securities | Minimum    
Defined Benefit Plan Disclosure    
Target allocation percentage 50.00%  
Fixed-income securities | Maximum    
Defined Benefit Plan Disclosure    
Target allocation percentage 100.00%  
Cash or cash equivalents    
Defined Benefit Plan Disclosure    
Actual weighted-average asset allocation percentage 3.00% 5.00%
Cash or cash equivalents | Minimum    
Defined Benefit Plan Disclosure    
Target allocation percentage 0.00%  
Cash or cash equivalents | Maximum    
Defined Benefit Plan Disclosure    
Target allocation percentage 100.00%  
v3.25.4
Accumulated Other Comprehensive Income - Activity in AOCI (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Pretax unrealized losses $ 2,005 $ (196) $ 823
Other comprehensive income (loss), tax effect (479) 47 (200)
Other comprehensive income (loss), net of tax 1,526 (149) 623
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning Balance 19,645 19,172 17,327
Other comprehensive (loss) income, net of tax 1,526 (149) 623
Ending Balance 21,724 19,645 19,172
AOCI      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Other comprehensive income (loss), net of tax 1,526 (149) 623
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning Balance (4,636) (4,487) (5,110)
Other comprehensive (loss) income, net of tax 1,526 (149) 623
Ending Balance (3,110) (4,636) (4,487)
Net unrealized gains on available-for-sale debt securities      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Available-for-sale debt securities transferred to held-to-maturity securities 1,383 27 656
Other comprehensive income (loss), before reclassifications, tax effect (334) (12) (162)
Other comprehensive income (loss), before reclassifications, net activity 1,049 15 494
Reclassification adjustment, pre-tax activity 0 18 1
Reclassification adjustment, tax effect 0 (4) 0
Reclassification adjustment, net activity 0 14 1
Pretax unrealized losses 1,383 1,039 657
Other comprehensive income (loss), tax effect (334) (225) (162)
Other comprehensive income (loss), net of tax 1,049 814 495
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning Balance (3,280) (4,094) (4,589)
Other comprehensive (loss) income, net of tax 1,049 814 495
Ending Balance (2,231) (3,280) (4,094)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale Transferred to Held-to-Maturity, Parent      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Available-for-sale debt securities transferred to held-to-maturity securities   (994)  
Other comprehensive income (loss), before reclassifications, tax effect   209  
Other comprehensive income (loss), before reclassifications, net activity   (785)  
Reclassification adjustment, pre-tax activity 123 129  
Reclassification adjustment, tax effect (26) (28)  
Reclassification adjustment, net activity 97 101  
Pretax unrealized losses 123 (865)  
Other comprehensive income (loss), tax effect (26) 181  
Other comprehensive income (loss), net of tax 97 (684)  
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning Balance (684) 0  
Other comprehensive (loss) income, net of tax 97 (684)  
Ending Balance (587) (684) 0
Cash flow hedge derivatives      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Available-for-sale debt securities transferred to held-to-maturity securities 317 (724) (171)
Other comprehensive income (loss), before reclassifications, tax effect (76) 172 40
Other comprehensive income (loss), before reclassifications, net activity 241 (552) (131)
Reclassification adjustment, pre-tax activity 181 351 334
Reclassification adjustment, tax effect (43) (81) (77)
Reclassification adjustment, net activity 138 270 257
Pretax unrealized losses 498 (373) 163
Other comprehensive income (loss), tax effect (119) 91 (37)
Other comprehensive income (loss), net of tax 379 (282) 126
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning Balance (654) (372) (498)
Other comprehensive (loss) income, net of tax 379 (282) 126
Ending Balance (275) (654) (372)
Defined benefit pension plants, net      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Available-for-sale debt securities transferred to held-to-maturity securities (2) (2) (1)
Other comprehensive income (loss), before reclassifications, tax effect 0 0 0
Other comprehensive income (loss), before reclassifications, net activity (2) (2) (1)
Reclassification adjustment, pre-tax activity 3 3 4
Reclassification adjustment, tax effect 0 0 (1)
Reclassification adjustment, net activity 3 3 3
Pretax unrealized losses 1 1 3
Other comprehensive income (loss), tax effect 0 0 (1)
Other comprehensive income (loss), net of tax 1 1 2
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning Balance (16) (17) (19)
Other comprehensive (loss) income, net of tax 1 1 2
Ending Balance (15) (16) (17)
Other      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Pretax unrealized losses 0 2 0
Other comprehensive income (loss), tax effect 0 0 0
Other comprehensive income (loss), net of tax 0 2 0
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]      
Beginning Balance (2) (4) (4)
Other comprehensive (loss) income, net of tax 0 2 0
Ending Balance $ (2) $ (2) $ (4)
v3.25.4
Accumulated Other Comprehensive Income - Reclassification Out of AOCI (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Securities gains, net $ 13 $ 15 $ 18
Income before income taxes 3,211 2,916 2,988
Applicable income tax expense (689) (602) (639)
Interest and fees on loans and leases 7,466 7,477 7,334
Compensation and benefits (2,815) (2,763) (2,694)
Net Income 2,522 2,314 2,349
Interest on securities 1,785 1,839 1,770
Other noninterest expense 915 973 1,225
Reclassification out of AOCI      
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Net Income (238) (390) (261)
Reclassification out of AOCI | Net unrealized gains on available-for-sale debt securities      
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Securities gains, net 0 (18) (1)
Income before income taxes 0 (18) (1)
Applicable income tax expense 0 4 0
Net Income 0 (14) (1)
Reclassification out of AOCI | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale Transferred to Held-to-Maturity, Parent      
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Income before income taxes (123) (129) 0
Applicable income tax expense 26 28 0
Net Income (97) (101) 0
Interest on securities (123) (129) 0
Reclassification out of AOCI | Cash flow hedge derivatives      
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Income before income taxes (181) (351) (334)
Applicable income tax expense 43 81 77
Interest and fees on loans and leases (181) (351) (334)
Net Income (138) (270) (257)
Reclassification out of AOCI | Amortization of net actuarial loss      
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Income before income taxes (3) (3) (4)
Applicable income tax expense 0 0 1
Compensation and benefits (2) (2) (2)
Net Income (3) (3) (3)
Reclassification out of AOCI | Settlements      
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Compensation and benefits (1) (1) (2)
Reclassification out of AOCI | Other      
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]      
Income before income taxes 0 (2) 0
Applicable income tax expense 0 0 0
Net Income 0 (2) 0
Other noninterest expense $ 0 $ (2) $ 0
v3.25.4
Common, Preferred and Treasury Stock - Share Activity within Common, Preferred and Treasury Stock (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Value        
Beginning Balance $ 19,645 $ 19,172 $ 17,327  
Shares acquired for treasury (529) (630) (201)  
Ending Balance $ 21,724 $ 19,645 $ 19,172  
Shares        
Treasury shares (in shares) 262,694,794 254,038,751    
Common Stock, Shares, Issued 923,892,581 923,892,581 923,892,581 923,892,581
Common Stock        
Value        
Beginning Balance $ 2,051 $ 2,051 $ 2,051  
Ending Balance $ 2,051 $ 2,051 $ 2,051  
Shares        
Beginning balance (in shares) 923,892,581 923,892,581 923,892,581  
Ending balance (in shares) 923,892,581 923,892,581 923,892,581  
Preferred Stock        
Value        
Beginning Balance $ 2,116 $ 2,116 $ 2,116  
Redemption of preferred stock, Series L (346)      
Ending Balance $ 1,770 $ 2,116 $ 2,116  
Shares        
Beginning balance (in shares) 278,000 278,000 278,000  
Total shares redeemed (in shares) (14,000)      
Ending balance (in shares) 264,000 278,000 278,000  
Treasury Stock        
Value        
Beginning Balance $ (7,840) $ (7,262) $ (7,103)  
Shares acquired for treasury (529) (630) (201)  
Impact of stock transactions under stock compensation plans, net 63 52 42  
Ending Balance $ (8,306) $ (7,840) $ (7,262)  
Shares        
Treasury shares (in shares) 262,694,794 254,038,751 242,767,771 240,506,701
Shares acquired for treasury (in shares) 12,171,734 15,043,170 5,589,996  
Impact of stock transactions under stock compensation plans, net (in shares) (3,515,691) (3,772,190) (3,328,926)  
v3.25.4
Common, Preferred and Treasury Stock - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Sep. 30, 2025
Dec. 31, 2023
Sep. 30, 2023
Sep. 30, 2019
Sep. 17, 2019
Aug. 26, 2019
Jun. 05, 2014
Dec. 09, 2013
May 16, 2013
Dec. 31, 2025
Dec. 31, 2024
Jun. 13, 2025
Class of Stock [Line Items]                        
Preferred stock, liquidation preference per share (in dollars per share)                   $ 25,000 $ 25,000  
Number of shares authorized to be repurchased (in shares)                       100,000,000
Increase in cost basis of stock repurchased due to excise taxes                   $ 4 $ 5  
Preferred stock, Series L                        
Class of Stock [Line Items]                        
Total shares redeemed (in shares) 14,000                      
Preferred stock dividends, reduction for incremental dividends $ 4                      
Preferred stock, dividend rate (as a percent) 4.50%                      
Preferred stock, Series L | U.S. Treasury Rate                        
Class of Stock [Line Items]                        
Preferred stock, basis spread on variable rate (as a percent) 4.215%                      
Preferred Stock Series K                        
Class of Stock [Line Items]                        
Issuance of preferred shares (in shares)         10,000,000              
Preferred stock, issued (in shares)         10,000              
Preferred stock, dividend rate (as a percent)         4.95%              
Issuance of preferred shares         $ 242              
Preferred stock, liquidation preference per share (in dollars per share)         $ 25,000              
Preferred Stock Class B, Series A                        
Class of Stock [Line Items]                        
Issuance of preferred shares (in shares)           200,000            
Preferred stock, dividend rate (as a percent)           6.00%            
Preferred stock, liquidation preference per share (in dollars per share)           $ 1,000       $ 1,000 $ 1,000  
Preferred stock, Series J                        
Class of Stock [Line Items]                        
Issuance of preferred shares (in shares)             300,000          
Preferred stock, issued (in shares)             12,000          
Preferred stock, dividend rate (as a percent)             4.90%          
Issuance of preferred shares             $ 297          
Preferred stock, liquidation preference per share (in dollars per share)             $ 25,000          
Preferred stock, Series J | LIBOR                        
Class of Stock [Line Items]                        
Preferred stock, basis spread on variable rate (as a percent)       3.129%                
Preferred stock, Series J | Secured Overnight Financing Rate (SOFR)                        
Class of Stock [Line Items]                        
Preferred stock, basis spread on variable rate (as a percent)     3.129%                  
Tenor spread adjustment     0.0026161                  
Preferred stock, Series I                        
Class of Stock [Line Items]                        
Issuance of preferred shares (in shares)               18,000,000        
Preferred stock, issued (in shares)               18,000        
Preferred stock, dividend rate (as a percent)               6.625%        
Issuance of preferred shares               $ 441        
Preferred stock, liquidation preference per share (in dollars per share)               $ 25,000        
Preferred stock, Series I | Secured Overnight Financing Rate (SOFR)                        
Class of Stock [Line Items]                        
Preferred stock, basis spread on variable rate (as a percent)   3.71%                    
Tenor spread adjustment   0.0026161                    
Preferred stock, Series H                        
Class of Stock [Line Items]                        
Issuance of preferred shares (in shares)                 600,000      
Preferred stock, issued (in shares)                 24,000      
Preferred stock, dividend rate (as a percent)                 5.10%      
Issuance of preferred shares                 $ 593      
Preferred stock, liquidation preference per share (in dollars per share)                 $ 25,000      
Preferred stock, Series H | LIBOR                        
Class of Stock [Line Items]                        
Preferred stock, basis spread on variable rate (as a percent)                 3.033%      
Preferred stock, Series H | Secured Overnight Financing Rate (SOFR)                        
Class of Stock [Line Items]                        
Preferred stock, basis spread on variable rate (as a percent)     3.033%                  
Tenor spread adjustment     0.0026161                  
v3.25.4
Common, Preferred and Treasury Stock - Treasury Stock (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Jul. 21, 2025
Accelerated Share Repurchases [Line Items]        
Amount $ 529 $ 630 $ 201  
Forward contracts related to residential mortgage loans measured at fair value        
Accelerated Share Repurchases [Line Items]        
Notional Amount       $ 150
June 12, 2024 ASR        
Accelerated Share Repurchases [Line Items]        
Amount   $ 125    
Shares Repurchased on Repurchase Date (in shares)   3,011,621    
Shares Received from Forward Contract Settlement (in shares)   496,767    
Total Share Repurchased (in shares)   3,508,388    
July 23, 2024 ASR        
Accelerated Share Repurchases [Line Items]        
Amount   $ 200    
Shares Repurchased on Repurchase Date (in shares)   4,160,548    
Shares Received from Forward Contract Settlement (in shares)   713,340    
Total Share Repurchased (in shares)   4,873,888    
October 21, 2024 ASR        
Accelerated Share Repurchases [Line Items]        
Amount   $ 300    
Shares Repurchased on Repurchase Date (in shares)   5,879,640    
Shares Received from Forward Contract Settlement (in shares)   781,254    
Total Share Repurchased (in shares)   6,660,894    
January 23, 2025 ASR        
Accelerated Share Repurchases [Line Items]        
Amount $ 225      
Shares Repurchased on Repurchase Date (in shares) 4,353,517      
Shares Received from Forward Contract Settlement (in shares) 888,865      
Total Share Repurchased (in shares) 5,242,382      
July 21, 2025 ASR        
Accelerated Share Repurchases [Line Items]        
Amount $ 300      
Shares Repurchased on Repurchase Date (in shares) 5,926,098      
Shares Received from Forward Contract Settlement (in shares) 1,003,254      
Total Share Repurchased (in shares) 6,929,352      
v3.25.4
Stock-Based Compensation - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Apr. 16, 2024
Dec. 31, 2022
Employee Stock Ownership Plan (ESOP) Disclosures          
Share available for future issuance (in shares) 45,600,000        
The Bancorp's total overhang (potential dilution from share-based compensation) (as a percent) 9.00%        
SARs, RSAs, RSUs, stock options and PSAs outstanding as a percentage of issued shares 2.00%        
Annual return on tangible common equity performance hurdle (as a percent) 2.00%        
Stock-based compensation expense $ 163 $ 164 $ 169    
Income tax benefit related to stock-based compensation expense $ 34 $ 34 $ 35    
Options granted (in shares) 0 0 0    
Expected dividend yield   4.20% 3.60%    
Expected life (in years)   7 years 7 years    
Intrinsic value of stock options exercised $ 1 $ 2 $ 1    
Cash received from stock options exercised 1 $ 2 $ 1    
Aggregate intrinsic value of exercisable options $ 1        
Shares vested (in shares) 0 0 0    
2024 Incentive Compensation Plan          
Employee Stock Ownership Plan (ESOP) Disclosures          
Stock authorized for issuance (in shares)       55,000,000  
SARs          
Employee Stock Ownership Plan (ESOP) Disclosures          
Award vesting period 3 years        
Award performance period 3 years        
Award term 10 years        
Stock-based compensation expense $ 1        
Weighted-average grant-date fair value per share (in dollars per share)   $ 9.71 $ 10.49    
Total grant-date fair value $ 3 $ 3 $ 3    
Shares granted (in shares) 0 316,000 253,000    
Number of shares/units outstanding (in shares) 3,264,000 4,636,000 7,331,000   9,112,000
Weighted-average period over which expense is expected to be recognized 1 year 1 month 6 days        
Exercisable, weighted- average remaining contractual life (in years) 2 years 8 months 12 days        
SARs | Range 4 [Member]          
Employee Stock Ownership Plan (ESOP) Disclosures          
Number of shares/units outstanding (in shares) 243,000        
Exercisable, weighted- average remaining contractual life (in years) 6 years 1 month 6 days        
RSAs and RSUs | Tranche One          
Employee Stock Ownership Plan (ESOP) Disclosures          
Award vesting period 3 years        
Award performance period 3 years        
RSAs and RSUs | Tranche Two          
Employee Stock Ownership Plan (ESOP) Disclosures          
Award vesting period 4 years        
Award performance period 4 years        
Stock options          
Employee Stock Ownership Plan (ESOP) Disclosures          
Award term 10 years        
Stock options | Tranche One          
Employee Stock Ownership Plan (ESOP) Disclosures          
Award vesting period 3 years        
Stock options | Tranche Two          
Employee Stock Ownership Plan (ESOP) Disclosures          
Award vesting period 4 years        
Performance shares          
Employee Stock Ownership Plan (ESOP) Disclosures          
Award vesting period 3 years        
Award performance period 3 years        
Percentage of shares that will be forfeited 33.33%        
Weighted-average grant-date fair value per share (in dollars per share) $ 44.35 $ 33.51 $ 37.19    
Shares granted (in shares) 305,000 295,000 256,000    
Stock awards distributed (in shares) 409,000 355,000 395,000    
Stock award granted, fair value $ 19 $ 12 $ 12    
Performance shares | Minimum          
Employee Stock Ownership Plan (ESOP) Disclosures          
Stock award granted (in shares) 0        
Performance shares | Maximum          
Employee Stock Ownership Plan (ESOP) Disclosures          
Stock award granted (in shares) 1,300,000        
Restricted Stock Units (RSUs)          
Employee Stock Ownership Plan (ESOP) Disclosures          
Stock-based compensation expense $ 153        
Total grant-date fair value $ 154 $ 141 $ 130    
Shares granted (in shares) 3,437,000 4,546,000 4,763,000    
Number of shares/units outstanding (in shares) 9,657,000 10,764,000 10,365,000   9,906,000
Weighted-average period over which expense is expected to be recognized 2 years 2 months 12 days        
Employee Stock          
Employee Stock Ownership Plan (ESOP) Disclosures          
Stock-based compensation expense $ 3 $ 2 $ 2    
Match on qualifying employees purchase of shares of the Bancorp's common stock (as a percent) 15.00%        
Stock purchased by plan participants (in shares) 471,000 487,000 768,000    
Available for future issuance (in shares) 14,200,000        
v3.25.4
Stock-Based Compensation - Schedule of Share-based Payment, Award, Stock Appreciation Rights, Valuation Assumptions (Details)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]    
Expected life (in years) 7 years 7 years
Expected volatility 33.00% 31.00%
Expected dividend yield 4.20% 3.60%
Risk-free interest rate 4.10% 3.80%
v3.25.4
Stock-Based Compensation - Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity (Details) - SARs - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Number of Non-Option Awards      
Outstanding at beginning of period (in shares) 4,636 7,331 9,112
Granted (in shares) 0 316 253
Exercised (in shares) (1,372) (3,010) (2,011)
Forfeited or expired (in shares) 0 (1) (23)
Outstanding at end of period (in shares) 3,264 4,636 7,331
Exercisable at end of period (in shares) 2,973 4,063 6,796
Weighted- Average Grant Price Per Share      
Outstanding at beginning of period (in dollars per share) $ 26.80 $ 23.72 $ 22.22
Granted (in dollars per share) 0 33.51 37.19
Exercised (in dollars per share) 21.64 20.01 18.42
Forfeited or expired (in dollars per share) 0 19.01 40.36
Outstanding at end of period (in dollars per share) 28.96 26.80 23.72
Exercisable (in dollars per share) $ 28.42 $ 25.39 $ 22.44
v3.25.4
Stock-Based Compensation - Outstanding and Exercisable SARs by Grant Price (Details) - SARs - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award        
Number of shares/units outstanding (in shares) 3,264 4,636 7,331 9,112
Outstanding, weighted-average grant price per share (in dollars per share) $ 28.96 $ 26.80 $ 23.72 $ 22.22
Outstanding, weighted- average remaining contractual life (in years) 3 years 2 months 12 days      
Exercisable, number (in shares) 2,973      
Exercisable, weighted-average grant price per share (in dollars per share) $ 28.42 $ 25.39 $ 22.44  
Exercisable, weighted- average remaining contractual life (in years) 2 years 8 months 12 days      
$10.01-$20.00        
Share-based Compensation Arrangement by Share-based Payment Award        
Grant price range, lower limit (in usd per share) $ 10.01      
Grant price range, lower limit (in usd per share) $ 20.00      
Number of shares/units outstanding (in shares) 759      
Outstanding, weighted-average grant price per share (in dollars per share) $ 17.89      
Outstanding, weighted- average remaining contractual life (in years) 3 months 18 days      
Exercisable, number (in shares) 759      
Exercisable, weighted-average grant price per share (in dollars per share) $ 17.89      
Exercisable, weighted- average remaining contractual life (in years) 3 months 18 days      
$20.01-$30.00        
Share-based Compensation Arrangement by Share-based Payment Award        
Grant price range, lower limit (in usd per share) $ 20.01      
Grant price range, lower limit (in usd per share) $ 30.00      
Number of shares/units outstanding (in shares) 1,177      
Outstanding, weighted-average grant price per share (in dollars per share) $ 26.97      
Outstanding, weighted- average remaining contractual life (in years) 1 year 9 months 18 days      
Exercisable, number (in shares) 1,177      
Exercisable, weighted-average grant price per share (in dollars per share) $ 26.97      
Exercisable, weighted- average remaining contractual life (in years) 1 year 9 months 18 days      
$30.01-$40.00        
Share-based Compensation Arrangement by Share-based Payment Award        
Grant price range, lower limit (in usd per share) $ 30.01      
Grant price range, lower limit (in usd per share) $ 40.00      
Number of shares/units outstanding (in shares) 1,085      
Outstanding, weighted-average grant price per share (in dollars per share) $ 34.28      
Outstanding, weighted- average remaining contractual life (in years) 6 years      
Exercisable, number (in shares) 794      
Exercisable, weighted-average grant price per share (in dollars per share) $ 34.19      
Exercisable, weighted- average remaining contractual life (in years) 5 years 4 months 24 days      
Over $40.00        
Share-based Compensation Arrangement by Share-based Payment Award        
Grant price range, lower limit (in usd per share) $ 40.00      
Number of shares/units outstanding (in shares) 243      
Outstanding, weighted-average grant price per share (in dollars per share) $ 49.51      
Outstanding, weighted- average remaining contractual life (in years) 6 years 1 month 6 days      
Exercisable, number (in shares) 243      
Exercisable, weighted-average grant price per share (in dollars per share) $ 49.51      
Exercisable, weighted- average remaining contractual life (in years) 6 years 1 month 6 days      
v3.25.4
Stock-Based Compensation - Schedule of Share-based Compensation, Restricted Stock Units Activity (Details) - RSUs - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Number of Non-Option Awards      
Outstanding at beginning of period (in shares) 10,764 10,365 9,906
Granted (in shares) 3,437 4,546 4,763
Released (in shares) (4,133) (3,751) (3,696)
Forfeited (in shares) (411) (396) (608)
Outstanding at end of period (in shares) 9,657 10,764 10,365
Weighted- Average Grant Price Per Share      
Outstanding at beginning of period (in dollars per share) $ 36.12 $ 37.63 $ 38.04
Granted (in dollars per share) 43.66 33.87 34.94
Released (in dollars per share) 37.27 37.54 35.04
Forfeited (in dollars per share) 37.43 36.37 38.75
Outstanding at end of period (in dollars per share) $ 38.23 $ 36.12 $ 37.63
v3.25.4
Stock-Based Compensation - Outstanding RSUs by Grant-Date Fair Value (Details) - RSUs - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award        
Number of shares/units outstanding (in shares) 9,657 10,764 10,365 9,906
Weighted-Average  Remaining Contractual Life (in years) 1 year 1 month 6 days      
Under $25.00        
Share-based Compensation Arrangement by Share-based Payment Award        
Grant-date fair value range, upper limit (in usd per share) $ 25.00      
Number of shares/units outstanding (in shares) 304      
Weighted-Average  Remaining Contractual Life (in years) 1 month 6 days      
$25.01-$30.00        
Share-based Compensation Arrangement by Share-based Payment Award        
Grant-date fair value range, lower limit (in usd per share) $ 25.01      
Grant-date fair value range, upper limit (in usd per share) $ 30.00      
Number of shares/units outstanding (in shares) 321      
Weighted-Average  Remaining Contractual Life (in years) 3 months 18 days      
$30.01-$35.00        
Share-based Compensation Arrangement by Share-based Payment Award        
Grant-date fair value range, lower limit (in usd per share) $ 30.01      
Grant-date fair value range, upper limit (in usd per share) $ 35.00      
Number of shares/units outstanding (in shares) 3,188      
Weighted-Average  Remaining Contractual Life (in years) 1 year 1 month 6 days      
$35.01-$40.00        
Share-based Compensation Arrangement by Share-based Payment Award        
Grant-date fair value range, lower limit (in usd per share) $ 35.01      
Grant-date fair value range, upper limit (in usd per share) $ 40.00      
Number of shares/units outstanding (in shares) 2,017      
Weighted-Average  Remaining Contractual Life (in years) 8 months 12 days      
$40.01-$45.00        
Share-based Compensation Arrangement by Share-based Payment Award        
Grant-date fair value range, lower limit (in usd per share) $ 40.01      
Grant-date fair value range, upper limit (in usd per share) $ 45.00      
Number of shares/units outstanding (in shares) 3,114      
Weighted-Average  Remaining Contractual Life (in years) 1 year 7 months 6 days      
$45.01 and over        
Share-based Compensation Arrangement by Share-based Payment Award        
Grant-date fair value range, lower limit (in usd per share) $ 45.01      
Number of shares/units outstanding (in shares) 713      
Weighted-Average  Remaining Contractual Life (in years) 2 months 12 days      
v3.25.4
Stock-Based Compensation - Schedule of Share-based Compensation, Stock Options, Activity (Details) - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
  Number of Options      
Outstanding at beginning of period (in shares) 95 224 312
Exercised (in shares) (34) (129) (86)
Forfeited or expired (in shares) 0 0 (2)
Outstanding at end of period (in shares) 61 95 224
Exercisable at end of period (in shares) 61 95 224
Weighted-Average Exercise Price Per Share      
Outstanding at beginning of period (in dollars per share) $ 22.03 $ 21.45 $ 21.65
Exercised (in dollars per share) 20.28 21.03 21.97
Forfeited or expired (in dollars per share) 0 0 27.71
Outstanding at end of period (in dollars per share) 23.01 22.03 21.45
Exercisable at end of period (in dollars per share) $ 23.01 $ 22.03 $ 21.45
v3.25.4
Stock-Based Compensation - Schedule of Outstanding And Exercisable Stock Options Exercise Price (Details) - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award        
Outstanding stock options, number of options (in shares) 61 95 224 312
Outstanding stock options, weighted - exercise price per share (in dollars per share) $ 23.01 $ 22.03 $ 21.45 $ 21.65
Outstanding stock options, weighted- average remaining contractual life 1 year 1 month 6 days      
Exercisable stock options, number of options (in shares) 61      
Exercisable stock options, weighted - exercise price per share (in usd per share) $ 23.01      
Exercisable stock options, weighted - average remaining contractual life 1 year 1 month 6 days      
$10.01-$20.00        
Share-based Compensation Arrangement by Share-based Payment Award        
Exercise price range, lower limit (in usd per share) $ 10.01      
Exercise price range, upper limit (in usd per share) $ 20.00      
Outstanding stock options, number of options (in shares) 23      
Outstanding stock options, weighted - exercise price per share (in dollars per share) $ 18.41      
Outstanding stock options, weighted- average remaining contractual life 2 months 12 days      
Exercisable stock options, number of options (in shares) 23      
Exercisable stock options, weighted - exercise price per share (in usd per share) $ 18.41      
Exercisable stock options, weighted - average remaining contractual life 2 months 12 days      
$20.01-$30.00        
Share-based Compensation Arrangement by Share-based Payment Award        
Exercise price range, lower limit (in usd per share) $ 20.01      
Exercise price range, upper limit (in usd per share) $ 30.00      
Outstanding stock options, number of options (in shares) 38      
Outstanding stock options, weighted - exercise price per share (in dollars per share) $ 25.88      
Outstanding stock options, weighted- average remaining contractual life 1 year 8 months 12 days      
Exercisable stock options, number of options (in shares) 38      
Exercisable stock options, weighted - exercise price per share (in usd per share) $ 25.88      
Exercisable stock options, weighted - average remaining contractual life 1 year 8 months 12 days      
v3.25.4
Other Noninterest Income and Other Noninterest Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Other noninterest income:      
BOLI income $ 74 $ 66 $ 61
Equity method investment income 31 18 52
Private equity investment income 26 35 44
Income from the TRA associated with Worldpay, Inc. 0 11 22
Loss on swap associated with the sale of Visa, Inc. Class B Shares (45) (138) (94)
Other, net 40 20 6
Total other noninterest income 126 12 91
Other noninterest expense:      
FDIC insurance and other taxes 114 181 385
Data processing 82 81 87
Leasing business expense 73 92 121
Losses and adjustments 68 86 91
Dues and subscriptions 66 61 61
Travel 63 60 56
Donations 63 28 30
Securities recordkeeping 57 55 50
Professional service fees 53 49 53
Postal and courier 49 48 46
Other, net 227 232 245
Total other noninterest expense $ 915 $ 973 $ 1,225
v3.25.4
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
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Earnings Per Share [Abstract]      
Net income available to common shareholders $ 2,376 $ 2,155 $ 2,212
Average common shares outstanding - basic (in shares) 668,139,706 682,160,985 684,172,079
Effect of dilutive stock-based awards (in shares) 5,000,000 5,000,000 4,000,000
Average common shares outstanding - diluted (in shares) 672,502,856 687,300,837 687,678,291
Earnings per share - basic (in dollars per share) $ 3.56 $ 3.16 $ 3.23
Earnings per share - diluted (in dollars per share) $ 3.53 $ 3.14 $ 3.22
Anti-dilutive stock-based awards excluded from diluted shares (in shares) 1,000,000 1,000,000 6,000,000
v3.25.4
Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Assets:      
Available-for-sale debt and other securities $ 36,159 $ 39,547  
Equity securities 453 341  
Derivative assets 1,868 2,472  
Liabilities:      
Total derivative liabilities $ 2,034 $ 2,798  
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other liabilities Other liabilities  
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets  
Residential mortgage      
Assets:      
Residential mortgage loans $ 106 $ 108  
U.S. Treasury and federal agencies securities      
Assets:      
Available-for-sale debt and other securities 1,575 4,360  
Asset-backed securities and other debt securities      
Assets:      
Available-for-sale debt and other securities 2,267 3,729  
Other securities      
Assets:      
Available-for-sale debt and other securities 674 778  
Liabilities:      
FHLB, restricted stock holdings 167 276  
FRB, restricted stock holdings 505 500  
DTCC, restricted stock holdings 2 2  
Level 3 | Interest rate contracts      
Assets:      
Derivative assets 5 2 $ 6
Liabilities:      
Total derivative liabilities 4 5 $ 6
Recurring      
Assets:      
Available-for-sale debt and other securities 35,485 38,769  
Trading debt securities 1,057 1,185  
Equity securities 453 341  
Residential mortgage loans held for sale 658 574  
Derivative assets 1,868 2,472  
Total assets 41,225 45,153  
Liabilities:      
Total derivative liabilities 2,034 2,798  
Short positions 351 316  
Total liabilities 2,385 3,114  
Recurring | Interest rate contracts      
Assets:      
Derivative assets 463 730  
Liabilities:      
Total derivative liabilities 544 944  
Recurring | Foreign exchange contracts      
Assets:      
Derivative assets 659 1,167  
Liabilities:      
Total derivative liabilities 628 1,120  
Recurring | Equity contracts      
Liabilities:      
Total derivative liabilities 124 170  
Recurring | Commodity contracts      
Assets:      
Derivative assets 746 575  
Liabilities:      
Total derivative liabilities 738 564  
Recurring | Servicing rights      
Assets:      
Servicing rights 1,598 1,704  
Recurring | Residential mortgage      
Assets:      
Residential mortgage loans 106 108  
Recurring | U.S. Treasury and federal agencies securities      
Assets:      
Available-for-sale debt and other securities 1,575 4,360  
Trading debt securities 494 626  
Liabilities:      
Short positions 85 139  
Recurring | Obligations of states and political subdivisions securities      
Assets:      
Trading debt securities 63 120  
Recurring | Agency mortgage-backed securities | Residential mortgage      
Assets:      
Available-for-sale debt and other securities 8,623 5,681  
Trading debt securities 49 10  
Recurring | Agency mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities 20,187 20,832  
Recurring | Non-agency mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities 2,833 4,167  
Recurring | Asset-backed securities and other debt securities      
Assets:      
Available-for-sale debt and other securities 2,267 3,729  
Trading debt securities 451 429  
Liabilities:      
Short positions 218 156  
Recurring | Equity securities      
Liabilities:      
Short positions 48 21  
Recurring | Level 1      
Assets:      
Available-for-sale debt and other securities 1,575 4,360  
Trading debt securities 482 591  
Equity securities 436 307  
Residential mortgage loans held for sale 0 0  
Derivative assets 225 82  
Total assets 2,718 5,340  
Liabilities:      
Total derivative liabilities 38 57  
Short positions 130 160  
Total liabilities 168 217  
Recurring | Level 1 | Interest rate contracts      
Assets:      
Derivative assets 1 7  
Liabilities:      
Total derivative liabilities 3 0  
Recurring | Level 1 | Foreign exchange contracts      
Assets:      
Derivative assets 0 0  
Liabilities:      
Total derivative liabilities 0 0  
Recurring | Level 1 | Equity contracts      
Liabilities:      
Total derivative liabilities 0 0  
Recurring | Level 1 | Commodity contracts      
Assets:      
Derivative assets 224 75  
Liabilities:      
Total derivative liabilities 35 57  
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 1,575 4,360  
Trading debt securities 482 591  
Liabilities:      
Short positions 82 139  
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 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 48 21  
Recurring | Level 2      
Assets:      
Available-for-sale debt and other securities 33,910 34,409  
Trading debt securities 575 594  
Equity securities 17 34  
Residential mortgage loans held for sale 658 574  
Derivative assets 1,638 2,388  
Total assets 36,798 37,999  
Liabilities:      
Total derivative liabilities 1,868 2,566  
Short positions 221 156  
Total liabilities 2,089 2,722  
Recurring | Level 2 | Interest rate contracts      
Assets:      
Derivative assets 457 721  
Liabilities:      
Total derivative liabilities 537 939  
Recurring | Level 2 | Foreign exchange contracts      
Assets:      
Derivative assets 659 1,167  
Liabilities:      
Total derivative liabilities 628 1,120  
Recurring | Level 2 | Equity contracts      
Liabilities:      
Total derivative liabilities 0 0  
Recurring | Level 2 | Commodity contracts      
Assets:      
Derivative assets 522 500  
Liabilities:      
Total derivative liabilities 703 507  
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 12 35  
Liabilities:      
Short positions 3 0  
Recurring | Level 2 | Obligations of states and political subdivisions securities      
Assets:      
Trading debt securities 63 120  
Recurring | Level 2 | Agency mortgage-backed securities | Residential mortgage      
Assets:      
Available-for-sale debt and other securities 8,623 5,681  
Trading debt securities 49 10  
Recurring | Level 2 | Agency mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities 20,187 20,832  
Recurring | Level 2 | Non-agency mortgage-backed securities | Commercial      
Assets:      
Available-for-sale debt and other securities 2,833 4,167  
Recurring | Level 2 | Asset-backed securities and other debt securities      
Assets:      
Available-for-sale debt and other securities 2,267 3,729  
Trading debt securities 451 429  
Liabilities:      
Short positions 218 156  
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 5 2  
Total assets 1,709 1,814  
Liabilities:      
Total derivative liabilities 128 175  
Short positions 0 0  
Total liabilities 128 175  
Recurring | Level 3 | Interest rate contracts      
Assets:      
Derivative assets 5 2  
Liabilities:      
Total derivative liabilities 4 5  
Recurring | Level 3 | Foreign exchange contracts      
Assets:      
Derivative assets 0 0  
Liabilities:      
Total derivative liabilities 0 0  
Recurring | Level 3 | Equity contracts      
Liabilities:      
Total derivative liabilities 124 170  
Recurring | Level 3 | Commodity contracts      
Assets:      
Derivative assets 0 0  
Liabilities:      
Total derivative liabilities 0 0  
Recurring | Level 3 | Servicing rights      
Assets:      
Servicing rights 1,598 1,704  
Recurring | Level 3 | Residential mortgage      
Assets:      
Residential mortgage loans 106 108  
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 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  
v3.25.4
Fair Value Measurements - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Private equity, observable price change adjustment $ 4 $ 11
Private equity, cumulative observable price change 23  
Private equity, impairment 0 0
Private equity, cumulative impairment 15  
Residential Mortgage    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Fair value changes included in earnings for instruments for which the fair value option was elected (42) (11)
FVO valuation adjustments related to instrument-specific credit risk $ 0 $ 0
v3.25.4
Fair Value Measurements - Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Balance, beginning of period $ 1,639 $ 1,685 $ 1,673
Included in earnings (143) (175) (144)
Purchases/originations 61 48 93
Sales   (5)  
Settlements 20 82 57
Transfers into Level 3 4 4 6
Balance, end of period 1,581 1,639 1,685
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 (109) (119) (115)
Derivative assets 1,868 2,472  
Derivative liabilities 2,034 2,798  
Unrealized gains or losses included in other comprehensive income for instruments still held 0 0 0
Level 3      
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Included in earnings (143) (175) (144)
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 (109) (119) (115)
Interest Rate Contract | Level 3      
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Derivative assets 5 2 6
Derivative liabilities 4 5 6
Residential Mortgage Loans      
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Balance, beginning of period 108 116 123
Included in earnings 6 (1) 2
Purchases/originations 0 0 0
Sales   0  
Settlements (12) (11) (15)
Transfers into Level 3 4 4 6
Balance, end of period 106 108 116
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 6 (1) 2
Servicing Rights      
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Balance, beginning of period 1,704 1,737 1,746
Included in earnings (169) (77) (105)
Purchases/originations 63 49 96
Sales   (5)  
Settlements 0 0 0
Transfers into Level 3 0 0 0
Balance, end of period 1,598 1,704 1,737
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 (78) 14 (28)
Interest Rate Contract      
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Balance, beginning of period (3) 0 (1)
Included in earnings 65 41 53
Purchases/originations (2) (1) (3)
Sales   0  
Settlements (59) (43) (49)
Transfers into Level 3 0 0 0
Balance, end of period 1 (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 instruments still held 8 6 5
Equity Derivatives      
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation      
Balance, beginning of period (170) (168) (195)
Included in earnings (45) (138) (94)
Purchases/originations 0 0 0
Sales   0  
Settlements 91 136 121
Transfers into Level 3 0 0 0
Balance, end of period (124) (170) (168)
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 $ (45) $ (138) $ (94)
v3.25.4
Fair Value Measurements - Total Gains and Losses Included in Earnings for Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Total losses $ (143) $ (175) $ (144)
Level 3      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Total losses (143) (175) (144)
Level 3 | Mortgage banking net revenue      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Total losses $ (101) $ (38) $ (54)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net Income Net Income Net Income
Level 3 | Capital markets fees      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Total losses $ 3 $ 2 $ 4
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net Income Net Income Net Income
Level 3 | Other noninterest income      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Total losses $ (45) $ (139) $ (94)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net Income Net Income Net Income
v3.25.4
Fair Value Measurements - Total Gains and Losses Included in Earning Attributable to Changes in Unrealized Gains and Losses Related to Level 3 Assets and Liabilities Still Held at Year End (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Total losses $ (109) $ (119) $ (115)
Level 3      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Total losses (109) (119) (115)
Mortgage banking net revenue | Level 3      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Total losses $ (67) $ 18 $ (25)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net Income Net Income Net Income
Capital markets fees | Level 3      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Total losses $ 3 $ 2 $ 4
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net Income Net Income Net Income
Other noninterest income | Level 3      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis      
Total losses $ (45) $ (139) $ (94)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net Income Net Income Net Income
v3.25.4
Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable Level 3 Inputs Recurring Basis) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Derivative assets $ 1,868 $ 2,472
Derivative liabilities (2,034) (2,798)
Residential mortgage loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Loans measured at FV, residential mortgage loans measured at fair value $ 106 $ 108
Residential mortgage loans | 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 loans | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Interest rate risk factor 6.60% 4.60%
Credit risk factor 0.80% 0.50%
Residential mortgage loans | Weighted-Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Interest rate risk factor (9.40%) (13.30%)
Credit risk factor 0.10% 0.20%
Servicing rights    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Servicing rights $ 1,598 $ 1,704
Servicing rights | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Prepayment speed 0.00% 0.00%
OAS (bps) 0.0335 0.0420
Servicing rights | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Prepayment speed 80.00% 100.00%
OAS (bps) 0.1827 0.1823
Servicing rights | Fixed | Weighted-Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Prepayment speed 7.20% 5.80%
OAS (bps) 0.0441 0.0459
Servicing rights | Adjustable | Weighted-Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Prepayment speed 19.50% 16.90%
OAS (bps) 0.0719 0.0731
IRLCs, net    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Derivative assets $ 5 $ 2
IRLCs, net | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Loan closing rates 19.90% 20.80%
IRLCs, net | Maximum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Loan closing rates 96.00% 96.00%
IRLCs, net | Weighted-Average    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Loan closing rates 84.00% 83.50%
Swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Derivative liabilities $ (124) $ (170)
Swap | Minimum    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Timing of the resolution of the Covered Litigation Dec. 31, 2027 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 Jun. 30, 2028 Dec. 31, 2027
v3.25.4
Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value $ 399 $ 401
Total (Losses) Gains (525) (255)
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 13 3
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 386 398
OREO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 4 2
Total (Losses) Gains 8 (2)
OREO | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
OREO | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
OREO | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 4 2
Bank premises and equipment    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 1 7
Total (Losses) Gains (1) (1)
Bank premises and equipment | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Bank premises and equipment | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Bank premises and equipment | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 1 7
Private equity investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 13 3
Total (Losses) Gains 4 11
Private equity investments | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Private equity investments | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 13 3
Private equity investments | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Commercial | Commercial loans held for sale    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   6
Total (Losses) Gains   (1)
Commercial | Commercial loans held for sale | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   0
Commercial | Commercial loans held for sale | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   0
Commercial | Commercial loans held for sale | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   6
Commercial | Commercial loans and leases    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 146 168
Total (Losses) Gains (524) (245)
Commercial | Commercial loans and leases | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Commercial | Commercial loans and leases | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Commercial | Commercial loans and leases | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 146 168
Consumer | Consumer and residential mortgage loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 235 215
Total (Losses) Gains (12) (17)
Consumer | Consumer and residential mortgage loans | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Consumer | Consumer and residential mortgage loans | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Consumer | Consumer and residential mortgage loans | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value $ 235 $ 215
v3.25.4
Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable Level 3 Inputs Nonrecurring Basis) (Details) - Nonrecurring - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value $ 399 $ 401
OREO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 4 2
Bank premises and equipment    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 1 7
Private equity investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 13 3
Commercial | Commercial loans held for sale    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   6
Commercial | Commercial loans and leases    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 146 168
Consumer | Consumer and residential mortgage loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 235 215
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 386 398
Level 3 | OREO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 4 2
Level 3 | Bank premises and equipment    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 1 7
Level 3 | Private equity investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 0 0
Level 3 | Commercial | Commercial loans held for sale    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   6
Level 3 | Commercial | Commercial loans and leases    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 146 168
Level 3 | Consumer | Consumer and residential mortgage loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 235 215
Level 3 | Comparable company analysis | Commercial | Commercial loans held for sale    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value   6
Level 3 | Appraised value | OREO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 4 2
Level 3 | Appraised value | Bank premises and equipment    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 1 7
Level 3 | Appraised value | Commercial | Commercial loans and leases    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value 146 168
Level 3 | Appraised value | Consumer | Consumer and residential mortgage loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Assets, fair value $ 235 $ 215
v3.25.4
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
Dec. 31, 2025
Dec. 31, 2024
Aggregate  Fair Value    
Loans measured at fair value $ 764 $ 682
Past due loans of 30-89 days 2 1
Past due loans of 90 days or more   1
Nonaccrual loans 4 2
Aggregate Unpaid Principal Balance    
Loans measured at fair value 758 693
Past due loans of 30-89 days 2 1
Past due loans of 90 days or more   1
Nonaccrual loans $ 4 $ 2
v3.25.4
Fair Value Measurements - Carrying Amounts and Estimated Fair Values for Certain Financial Instruments (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Financial assets:    
Other short-term investments [1] $ 18,876 $ 17,120
Held-to-maturity securities 11,368 11,278
Loans and leases held for sale 733 640
Total portfolio loans and leases, net 120,398 117,439
Financial liabilities:    
Deposits 171,819 167,252
Short-term borrowings 926 4,654
Long-term debt [1] 13,589 14,337
Net Carrying Amount    
Financial assets:    
Cash 3,499 3,014
Other short-term investments 18,876 17,120
Other securities 674 778
Held-to-maturity securities 11,368 11,278
Loans and leases held for sale 75 66
Total portfolio loans and leases, net 120,292 117,331
Financial liabilities:    
Deposits 171,819 167,252
Short-term borrowings 926 4,654
Long-term debt 13,579 14,440
Net Carrying Amount | Commercial    
Financial assets:    
Total portfolio loans and leases, net 72,376 72,139
Net Carrying Amount | Consumer    
Financial assets:    
Total portfolio loans and leases, net 47,916 45,192
Total Fair Value    
Financial assets:    
Cash 3,499 3,014
Other short-term investments 18,876 17,120
Other securities 674 778
Held-to-maturity securities 11,404 10,965
Loans and leases held for sale 75 66
Total portfolio loans and leases, net 121,352 114,474
Financial liabilities:    
Deposits 171,899 167,353
Short-term borrowings 926 4,663
Long-term debt 14,005 14,588
Total Fair Value | Commercial    
Financial assets:    
Total portfolio loans and leases, net 73,628 72,319
Total Fair Value | Consumer    
Financial assets:    
Total portfolio loans and leases, net 47,724 42,155
Total Fair Value | Level 1    
Financial assets:    
Cash 3,499 3,014
Other short-term investments 18,876 17,120
Other securities 0 0
Held-to-maturity securities 2,457 2,344
Loans and leases held for sale 0 0
Total portfolio loans and leases, net 0 0
Financial liabilities:    
Deposits 0 0
Short-term borrowings 226 204
Long-term debt 5,067 3,753
Total Fair Value | Level 1 | Commercial    
Financial assets:    
Total portfolio loans and leases, net 0 0
Total Fair Value | Level 1 | Consumer    
Financial assets:    
Total portfolio loans and leases, net 0 0
Total Fair Value | Level 2    
Financial assets:    
Cash 0 0
Other short-term investments 0 0
Other securities 674 778
Held-to-maturity securities 8,945 8,619
Loans and leases held for sale 0 0
Total portfolio loans and leases, net 0 0
Financial liabilities:    
Deposits 171,899 167,353
Short-term borrowings 700 4,459
Long-term debt 8,938 10,835
Total Fair Value | Level 2 | Commercial    
Financial assets:    
Total portfolio loans and leases, net 0 0
Total Fair Value | Level 2 | Consumer    
Financial assets:    
Total portfolio loans and leases, net 0 0
Total Fair Value | Level 3    
Financial assets:    
Cash 0 0
Other short-term investments 0 0
Other securities 0 0
Held-to-maturity securities 2 2
Loans and leases held for sale 75 66
Total portfolio loans and leases, net 121,352 114,474
Financial liabilities:    
Deposits 0 0
Short-term borrowings 0 0
Long-term debt 0 0
Total Fair Value | Level 3 | Commercial    
Financial assets:    
Total portfolio loans and leases, net 73,628 72,319
Total Fair Value | Level 3 | Consumer    
Financial assets:    
Total portfolio loans and leases, net $ 47,724 $ 42,155
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
v3.25.4
Regulatory Capital Requirements and Capital Ratios (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Risk Based Ratios    
Banking regulation, capital conservation buffer, capital conserved, minimum 0.025  
Parent Company    
Risk Based Ratios    
CET1 capital (as a percent) 0.1081 0.1057
Tier I risk-based capital (as a percent) 0.1187 0.1186
Total risk-based capital (as a percent) 0.1378 0.1386
Tier I leverage (as a percent) 0.0941 0.0922
Banking regulation, capital conservation buffer, capital conserved, minimum 0.032 0.032
Risk Based Capital    
CET1 capital $ 18,099 $ 17,339
Tier I risk-based capital 19,869 19,455
Total risk-based capital 23,066 22,746
Tier I leverage $ 19,869 $ 19,455
Parent Company | Well Capitalized    
Risk Based Ratios    
Tier I risk-based capital (as a percent) 0.0600  
Total risk-based capital (as a percent) 0.1000  
Parent Company | Minimum    
Risk Based Ratios    
CET1 capital (as a percent) 0.0450  
Tier I risk-based capital (as a percent) 0.0600  
Total risk-based capital (as a percent) 0.0800  
Tier I leverage (as a percent) 0.0400  
Subsidiaries    
Risk Based Ratios    
CET1 capital (as a percent) 0.1309 0.1286
Tier I risk-based capital (as a percent) 0.1309 0.1286
Total risk-based capital (as a percent) 0.1433 0.1419
Tier I leverage (as a percent) 0.1041 0.1002
Risk Based Capital    
CET1 capital $ 21,766 $ 20,943
Tier I risk-based capital 21,766 20,943
Total risk-based capital 23,833 23,116
Tier I leverage $ 21,766 $ 20,943
Subsidiaries | Well Capitalized    
Risk Based Ratios    
CET1 capital (as a percent) 0.0650  
Tier I risk-based capital (as a percent) 0.0800  
Total risk-based capital (as a percent) 0.1000  
Tier I leverage (as a percent) 0.0500  
Subsidiaries | Minimum    
Risk Based Ratios    
CET1 capital (as a percent) 0.0450  
Tier I risk-based capital (as a percent) 0.0600  
Total risk-based capital (as a percent) 0.0800  
Tier I leverage (as a percent) 0.0400  
v3.25.4
Parent Company Financial Statements - Condensed Statements of Income - Parent Company Only (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income      
Dividends from consolidated nonbank subsidiaries $ 2,200 $ 1,800  
Securities gains, net 13 15 $ 18
Total interest income 9,903 10,426 9,760
Expenses      
Interest 3,921 4,796 3,933
Other 227 232 245
Applicable income tax expense 689 602 639
Net Income 2,522 2,314 2,349
Other Comprehensive Income 1,526 (149) 623
Parent Company      
Income      
Dividends from consolidated nonbank subsidiaries 2,185 1,800 1,819
Securities gains, net 2 3 4
Interest 116 85 63
Total interest income 2,303 1,888 1,886
Expenses      
Interest 517 553 525
Other 36 27 39
Total expenses 553 580 564
Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries 1,750 1,308 1,322
Applicable income tax expense (98) (115) (112)
Income Before Equity in Undistributed Earnings of Subsidiaries 1,848 1,423 1,434
Equity in undistributed earnings 674 891 915
Net Income 2,522 2,314 2,349
Other Comprehensive Income 0 0 0
Comprehensive Income 2,522 2,314 2,349
Dividends from Bancorp's banking subsidiary to the Bancorp's non-bank subsidiary $ 2,200 $ 1,800 $ 1,800
v3.25.4
Parent Company Financial Statements - Condensed Balance Sheet - Parent Company Only (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Assets        
Available-for-sale debt and other securities $ 36,159 $ 39,547    
Equity securities 453 341    
Goodwill 4,947 4,918 $ 4,919  
Other assets [1] 12,111 12,857    
Total Assets 214,376 212,927    
Liabilities        
Accrued expenses and other liabilities 926 4,654    
Long-term debt (external) [1] 13,589 14,337    
Total Liabilities 192,652 193,282    
Equity        
Common stock [2] 2,051 2,051    
Preferred stock [3] 1,770 2,116    
Capital surplus 3,831 3,804    
Retained earnings 25,488 24,150    
Accumulated other comprehensive loss (3,110) (4,636)    
Treasury stock [2] (8,306) (7,840)    
Total Equity 21,724 19,645 19,172 $ 17,327
Total Liabilities and Equity 214,376 212,927    
Parent Company        
Assets        
Cash 974 969 $ 120 $ 120
Other short-term investments 2,213 3,106    
Available-for-sale debt and other securities 2,500 2,500    
Equity securities 26 29    
Loans to nonbank subsidiaries 0 5    
Investment in nonbank subsidiaries 25,253 22,891    
Goodwill 80 80    
Other assets 125 156    
Total Assets 31,171 29,736    
Liabilities        
Accrued expenses and other liabilities 3 3    
Accrued Liabilities and Other Liabilities 558 567    
Long-term debt (external) 8,886 9,521    
Total Liabilities 9,447 10,091    
Equity        
Common stock 2,051 2,051    
Preferred stock 1,770 2,116    
Capital surplus 3,831 3,804    
Retained earnings 25,488 24,150    
Accumulated other comprehensive loss (3,110) (4,636)    
Treasury stock (8,306) (7,840)    
Total Equity 21,724 19,645    
Total Liabilities and Equity $ 31,171 $ 29,736    
[1] Includes $38 and $51 of other short-term investments, $554 and $1,000 of portfolio loans and leases, $(9) and $(19) of ALLL, $3 and $5 of other assets, $11 and $12 of other liabilities and $473 and $889 of long-term debt from consolidated VIEs that are included in their respective captions above at December 31, 2025 and 2024, respectively. For further information, refer to Note 12.
[2] Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at December 31, 2025 – 661,197,787 (excludes 262,694,794 treasury shares), 2024 – 669,853,830 (excludes 254,038,751 treasury shares).
[3]
(c)500,000 shares of no par value preferred stock were authorized at both December 31, 2025 and 2024. There were 436,000 and 422,000 unissued shares of undesignated no par value preferred stock at December 31, 2025 and 2024, 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 December 31, 2025 and 2024. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both December 31, 2025 and 2024. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.
v3.25.4
Parent Company Financial Statements - Condensed Statement of Cash Flow - Parent Company Only (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net Income $ 2,522 $ 2,314 $ 2,349
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion 554 495 462
Provision for deferred income taxes 140 72 (106)
Equity in undistributed earnings (31) (18) (52)
Net change in:      
Equity securities (115) (3) (128)
Other assets 715 (639) 319
Net Cash Provided by Operating Activities 4,514 2,824 4,509
Investing Activities      
Proceeds from repayments / maturities of AFS and HTM securities and other investments 7,497 5,814 4,235
Other short-term investments (1,756) 4,962 (13,731)
Other (2) 0 0
Net Cash (Used in) Provided by Investing Activities (1,846) 1,039 (9,488)
Financing Activities      
Proceeds from long-term debt issuances/advances 1,083 3,249 4,286
Repayment of long-term debt (1,982) (5,282) (1,657)
Dividends paid on common and preferred stock (1,163) (1,176) (1,060)
Repurchase of treasury stock and related forward contract (525) (625) (200)
Redemption of preferred stock, Series L 350 0 0
Other, net (74) (65) (55)
Net Cash (Used in) Provided by Financing Activities (2,183) (3,991) 4,655
Increase (Decrease) in Cash and Due from Banks 485 (128) (324)
Parent Company      
Operating Activities      
Net Income 2,522 2,314 2,349
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion 7 7 7
Provision for deferred income taxes 1 2 1
Securities gains, net (2) (3) (4)
Equity in undistributed earnings (674) (891) (915)
Net change in:      
Equity securities 5 8 4
Other assets 128 (49) 147
Accrued expenses and other liabilities (19) (60) (126)
Net Cash Provided by Operating Activities 1,968 1,328 1,463
Investing Activities      
Proceeds from repayments / maturities of AFS and HTM securities and other investments 2,500 1,000 1,000
Purchase of securities issued by subsidiary (2,500) (2,500) (1,000)
Other short-term investments 893 3,394 (833)
Loans to nonbank subsidiaries 5 (5) 60
Net Cash (Used in) Provided by Investing Activities 896 1,889 (773)
Financing Activities      
Net change in short-term borrowings 0 3 (121)
Proceeds from long-term debt issuances/advances 0 1,742 1,244
Repayment of long-term debt (750) (2,250) (500)
Dividends paid on common and preferred stock (1,163) (1,176) (1,060)
Repurchase of treasury stock and related forward contract (525) (625) (200)
Redemption of preferred stock, Series L 350 0 0
Other, net (71) (62) (53)
Net Cash (Used in) Provided by Financing Activities (2,859) (2,368) (690)
Increase (Decrease) in Cash and Due from Banks 5 849 0
Cash and Due from Banks at Beginning of Period 969 120 120
Cash and Due from Banks at End of Period $ 974 $ 969 $ 120
v3.25.4
Business Segments - Additional Information (Details)
 12 Months Ended
Dec. 31, 2025
class_action
Segment Reporting [Abstract]  
Reportable segments 3
v3.25.4
Business Segments - Results of Operations and Average Assets by Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information      
Net interest income (FTE) $ 6,002 $ 5,654 $ 5,852
Provision for credit losses 662 530 515
Net interest income after provision for (benefit from) credit losses 5,340 5,124 5,337
Noninterest income:      
Wealth and asset management revenue 704 647 581
Commercial payments revenue 630 608 564
Consumer banking revenue 571 555 546
Capital markets fees 415 424 422
Commercial banking revenue 349 377 409
Mortgage banking net revenue 227 211 250
Other noninterest income 126 12 91
Securities gains, net 13 15 18
Total noninterest income 3,035 2,849 2,881
Noninterest Expense      
Compensation and benefits 2,815 2,763 2,694
Technology and communications 516 474 464
Net occupancy expense 349 339 331
Equipment expense 169 153 148
Loan and lease expense 146 132 133
Marketing expense 142 115 126
Card and processing expense 92 84 84
Other noninterest expense 915 973 1,225
Total noninterest expense 5,144 5,033 5,205
Income (loss) before income taxes (FTE)(a) 3,231 2,940 3,013
Average assets 211,483 212,806 208,426
Operating Segments | Commercial Banking      
Segment Reporting Information      
Net interest income (FTE) 2,323 2,544 3,693
Provision for credit losses 451 304 12
Net interest income after provision for (benefit from) credit losses 1,872 2,240 3,681
Noninterest income:      
Wealth and asset management revenue 2 3 2
Commercial payments revenue 553 519 464
Consumer banking revenue 0 0 0
Capital markets fees 412 420 418
Commercial banking revenue 344 373 406
Mortgage banking net revenue 0 0 0
Other noninterest income 59 52 64
Securities gains, net (7) 1 (9)
Total noninterest income 1,363 1,368 1,345
Noninterest Expense      
Compensation and benefits 637 643 642
Technology and communications 15 14 14
Net occupancy expense 36 34 40
Equipment expense 31 28 29
Loan and lease expense 38 29 29
Marketing expense 4 3 3
Card and processing expense 18 9 11
Other noninterest expense 1,114 1,087 1,194
Total noninterest expense 1,893 1,847 1,962
Income (loss) before income taxes (FTE)(a) 1,342 1,761 3,064
Average assets 77,765 76,463 82,392
FTE adjustments 11 15 16
Operating Segments | Consumer and Small Business Banking      
Segment Reporting Information      
Net interest income (FTE) 4,168 4,272 5,342
Provision for credit losses 325 322 303
Net interest income after provision for (benefit from) credit losses 3,843 3,950 5,039
Noninterest income:      
Wealth and asset management revenue 279 247 216
Commercial payments revenue 87 86 94
Consumer banking revenue 569 551 544
Capital markets fees 2 3 3
Commercial banking revenue 4 4 2
Mortgage banking net revenue 226 210 250
Other noninterest income 26 5 7
Securities gains, net 0 0 0
Total noninterest income 1,193 1,106 1,116
Noninterest Expense      
Compensation and benefits 935 895 890
Technology and communications 32 30 27
Net occupancy expense 217 214 210
Equipment expense 58 51 44
Loan and lease expense 83 82 87
Marketing expense 91 68 70
Card and processing expense 72 75 76
Other noninterest expense 1,103 1,104 1,152
Total noninterest expense 2,591 2,519 2,556
Income (loss) before income taxes (FTE)(a) 2,445 2,537 3,599
Average assets 56,107 52,341 51,660
Operating Segments | Wealth and Asset Management      
Segment Reporting Information      
Net interest income (FTE) 213 210 360
Provision for credit losses (2) 0 1
Net interest income after provision for (benefit from) credit losses 215 210 359
Noninterest income:      
Wealth and asset management revenue 422 397 363
Commercial payments revenue 1 1 1
Consumer banking revenue 2 2 2
Capital markets fees 2 2 1
Commercial banking revenue 1 0 0
Mortgage banking net revenue 1 1 0
Other noninterest income 2 1 2
Securities gains, net 0 0 0
Total noninterest income 431 404 369
Noninterest Expense      
Compensation and benefits 226 222 220
Technology and communications 0 1 1
Net occupancy expense 13 12 12
Equipment expense 0 0 0
Loan and lease expense 1 1 1
Marketing expense 1 1 1
Card and processing expense 2 1 1
Other noninterest expense 151 149 139
Total noninterest expense 394 387 375
Income (loss) before income taxes (FTE)(a) 252 227 353
Average assets 4,832 4,390 4,678
Corporate Corporate and Other      
Segment Reporting Information      
Net interest income (FTE) (702) (1,372) (3,543)
Provision for credit losses (112) (96) 199
Net interest income after provision for (benefit from) credit losses (590) (1,276) (3,742)
Noninterest income:      
Wealth and asset management revenue 1 0 0
Commercial payments revenue (11) 2 5
Consumer banking revenue 0 2 0
Capital markets fees (1) (1) 0
Commercial banking revenue 0 0 1
Mortgage banking net revenue 0 0 0
Other noninterest income 39 (46) 18
Securities gains, net 20 14 27
Total noninterest income 48 (29) 51
Noninterest Expense      
Compensation and benefits 1,017 1,003 942
Technology and communications 469 429 422
Net occupancy expense 83 79 69
Equipment expense 80 74 75
Loan and lease expense 24 20 16
Marketing expense 46 43 52
Card and processing expense 0 (1) (4)
Other noninterest expense (1,453) (1,367) (1,260)
Total noninterest expense 266 280 312
Income (loss) before income taxes (FTE)(a) (808) (1,585) (4,003)
Average assets 72,779 79,612 69,696
FTE adjustments $ 9 $ 9 $ 9
v3.25.4
Business Combination - Additional Information (Details)
$ / shares in Units, $ in Millions
Feb. 01, 2026
USD ($)
class_action
$ / shares
shares
Jan. 30, 2026
$ / shares
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Business Combination [Line Items]        
Preferred stock, liquidation preference per share (in dollars per share) | $ / shares     $ 25,000 $ 25,000
Total Assets     $ 214,376.0 $ 212,927.0
Outstanding balance on loans, net of participations and undrawn commitments     120,398.0 117,439.0
Total Liabilities     192,652.0 193,282.0
Deposits     171,819.0 $ 167,252.0
Comerica Incorporated | Comerica Incorporated        
Business Combination [Line Items]        
Total Assets     80,000.0  
Outstanding balance on loans, net of participations and undrawn commitments     51,000.0  
Total Liabilities     72,000.0  
Deposits     $ 65,000.0  
Comerica Incorporated | Subsequent Event        
Business Combination [Line Items]        
Consideration transferred in merger $ 12,700.0      
Number of banking center locations | class_action 352      
Shares issued (in shares) | shares 240,000,000      
Price per share (in dollars per share) | $ / shares $ 93.73      
Share Price | $ / shares   $ 50.22    
Comerica Incorporated | Subsequent Event | Depository Shares        
Business Combination [Line Items]        
Shares issued (in shares) | shares 16,000,000      
Comerica Incorporated | Subsequent Event | Preferred Stock, Series M        
Business Combination [Line Items]        
Shares issued (in shares) | shares 400,000,000      
Preferred stock, dividend rate (as a percent) 6.875%      
Preferred stock, liquidation preference per share (in dollars per share) | $ / shares $ 1,000      
Comerica Incorporated | Subsequent Event | Preferred Stock, Series B | Comerica Incorporated        
Business Combination [Line Items]        
Preferred stock, dividend rate (as a percent)   6.875%    
Comerica Incorporated | Subsequent Event | Common Stock        
Business Combination [Line Items]        
Business combination, shares issued per acquiree share | shares 1.8663      
Comerica Incorporated | Subsequent Event | Preferred Stock        
Business Combination [Line Items]        
Business combination, shares issued per acquiree share | shares 1      
v3.25.4
Subsequent Events (Details) - Subsequent Event - Senior Notes
$ in Billions
Jan. 29, 2026
USD ($)
Fixed-Rate/Floating-Rate 4.566 % Senior Notes Due April 29, 2032  
Subsequent Event [Line Items]  
Principal amount $ 1.0
Interest rate (as a percent) 4.566%
Basis spread on variable rate (as a percent) 0.95%
Fixed-Rate/Floating-Rate 4.566 % Senior Notes Due April 29, 2032 | Debt Instrument, Redemption, Period One  
Subsequent Event [Line Items]  
Debt instrument, redemption period 180 days
Fixed-Rate/Floating-Rate 4.566 % Senior Notes Due April 29, 2032 | Debt Instrument, Redemption, Period Two  
Subsequent Event [Line Items]  
Debt instrument, redemption period 1 year
Fixed-Rate/Floating-Rate 4.566 % Senior Notes Due April 29, 2032 | Debt Instrument, Redemption, Period Three  
Subsequent Event [Line Items]  
Debt instrument, redemption period 30 days
Fixed-Rate/Floating-Rate 5.141% Senior Notes Due January 29, 2037  
Subsequent Event [Line Items]  
Principal amount $ 1.0
Interest rate (as a percent) 5.141%
Basis spread on variable rate (as a percent) 1.24%
Fixed-Rate/Floating-Rate 5.141% Senior Notes Due January 29, 2037 | Debt Instrument, Redemption, Period One  
Subsequent Event [Line Items]  
Debt instrument, redemption period 180 days
Fixed-Rate/Floating-Rate 5.141% Senior Notes Due January 29, 2037 | Debt Instrument, Redemption, Period Two  
Subsequent Event [Line Items]  
Debt instrument, redemption period 1 year
Fixed-Rate/Floating-Rate 5.141% Senior Notes Due January 29, 2037 | Debt Instrument, Redemption, Period Three  
Subsequent Event [Line Items]  
Debt instrument, redemption period 90 days