Fifth Third Bancorp (FITB) 10-Q5 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2024	Oct. 31, 2024
Entity Listings [Line Items]
Document Type	10-Q
Document Period End Date	Sep. 30, 2024
Entity File Number	001-33653
Entity Registrant Name	Fifth Third Bancorp
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-0854434
Entity Address, Address Line One	38 Fountain Square Plaza
Entity Address, City or Town	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45263
City Area Code	800
Local Phone Number	972-3030
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		670,543,312
Amendment Flag	false
Entity Central Index Key	0000035527
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Common Stock, Without Par Value
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, Without Par Value
Trading Symbol	FITB
Security Exchange Name	NASDAQ
Series I Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I
Trading Symbol	FITBI
Security Exchange Name	NASDAQ
Class B Preferred stock, Series A
Entity Listings [Line Items]
Title of 12(b) Security	6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A
Trading Symbol	FITBP
Security Exchange Name	NASDAQ
Series K Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	4.95% Non-Cumulative Perpetual Preferred Stock, Series K
Trading Symbol	FITBO
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks		$ 3,215	$ 3,142
Other short-term investments	[1]	21,729	22,082
Available-for-sale debt and other securities (amortized cost of $43,754 and $55,789)		40,396	50,419
Held-to-maturity securities		11,358	2
Trading debt securities		1,176	899
Equity securities		428	613
Loans and leases held for sale (includes $512 and $334 of residential mortgage loans measured at fair value)		612	378
Portfolio loans and leases(a) (includes $114 and $116 of residential mortgage loans measured at fair value)	[1]	116,668	117,234
Allowance for loan and lease losses	[1]	(2,305)	(2,322)
Portfolio loans and leases, net		114,363	114,912
Bank premises and equipment (includes $24 and $19 held for sale)		2,425	2,349
Operating lease equipment		357	459
Goodwill		4,918	4,919
Intangible assets		98	125
Servicing rights		1,656	1,737
Other assets	[1]	11,587	12,538
Total Assets		214,318	214,574
Deposits:
Noninterest-bearing deposits		41,393	43,146
Interest-bearing deposits		126,947	125,766
Total deposits		168,340	168,912
Federal funds purchased		169	193
Other short-term borrowings		1,424	2,861
Accrued taxes, interest and expenses		2,034	2,195
Other liabilities	[1]	4,471	4,861
Long-term debt	[1]	17,096	16,380
Total Liabilities		193,534	195,402
Equity
Common stock	[2]	2,051	2,051
Preferred stock	[3]	2,116	2,116
Capital surplus		3,784	3,757
Retained earnings		23,820	22,997
Accumulated other comprehensive loss		(3,446)	(4,487)
Treasury stock	[2]	(7,541)	(7,262)
Total Equity		20,784	19,172
Total Liabilities and Equity		$ 214,318	$ 214,574

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12. Common shares: Stated value $2.22 per share; authorized 2,000,000,000; outstanding at September 30, 2024 – 676,268,732 (excludes 247,623,849 treasury shares), December 31, 2023 – 681,124,810 (excludes 242,767,771 treasury shares). 500,000 shares of no par value preferred stock were authorized at both September 30, 2024 and December 31, 2023. There were 422,000 unissued shares of undesignated no par value preferred stock at both September 30, 2024 and December 31, 2023. 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 September 30, 2024 and December 31, 2023. There were 300,000 unissued shares of undesignated no par value Class B preferred stock at both September 30, 2024 and December 31, 2023. Each issued share of no par value Class B preferred stock has a liquidation preference of $1,000.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Available-for-sale debt and other securities, amortized cost		$ 43,754	$ 55,789
Debt securities, fair value		11,554	2
Bank premises and equipment held for sale		24	19
Other short-term investments	[1]	21,729	22,082
Total portfolio loans and leases	[1]	116,668	117,234
Allowance for loan and lease losses	[1]	(2,305)	(2,322)
Other assets	[1]	11,587	12,538
Other liabilities	[1]	4,471	4,861
Long-term debt	[1]	$ 17,096	$ 16,380
Common stock, par value (in dollars per share)		$ 2.22	$ 2.22
Common stock, shares authorized (in shares)		2,000,000,000	2,000,000,000
Common stock, outstanding (in shares)		676,268,732	681,124,810
Treasury stock, common (in shares)		247,623,849	242,767,771
Preferred stock, authorized (in shares)		500,000	500,000
Preferred stock, unissued (in shares)		422,000	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		$ 512	$ 334
Loans measured at FV		114	116
Allowance for loan and lease losses		(143)	(145)
Variable Interest Entity, Primary Beneficiary \| Automobile And Solar Loan
Other short-term investments		50	55
Total portfolio loans and leases		1,131	1,573
Allowance for loan and lease losses		(21)	(28)
Other assets		8	10
Other liabilities		13	14
Long-term debt		$ 1,008	$ 1,409

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest Income
Interest and fees on loans and leases	$ 1,910	$ 1,899	$ 5,640	$ 5,445
Interest on securities	461	444	1,374	1,320
Interest on other short-term investments	298	186	883	348
Total interest income	2,669	2,529	7,897	7,113
Interest Expense
Interest on deposits	968	844	2,880	1,977
Interest on federal funds purchased	2	2	8	13
Interest on other short-term borrowings	40	52	135	198
Interest on long-term debt	238	193	682	514
Total interest expense	1,248	1,091	3,705	2,702
Net Interest Income	1,421	1,438	4,192	4,411
Provision for credit losses	160	119	351	460
Net Interest Income After Provision for Credit Losses	1,261	1,319	3,841	3,951
Noninterest Income
Wealth and asset management revenue	163	145	483	434
Service charges on deposits	161	149	467	431
Commercial banking revenue	163	154	451	461
Card and processing revenue	106	104	316	310
Mortgage banking net revenue	50	57	154	184
Leasing business revenue	43	58	120	162
Other noninterest income	15	55	103	152
Securities gains (losses), net	10	(7)	23	3
Total noninterest income	711	715	2,117	2,137
Noninterest Expense
Compensation and benefits	690	629	2,099	2,036
Technology and communications	121	115	351	347
Net occupancy expense	81	84	251	248
Equipment expense	38	37	114	110
Leasing business expense	21	29	69	94
Marketing expense	26	35	92	96
Card and processing expense	22	21	63	63
Other noninterest expense	245	238	768	756
Total noninterest expense	1,244	1,188	3,807	3,750
Income Before Income Taxes	728	846	2,151	2,338
Applicable income tax expense	155	186	457	519
Net Income	573	660	1,694	1,819
Dividends on preferred stock	41	37	121	100
Net Income Available to Common Shareholders	$ 532	$ 623	$ 1,573	$ 1,719
Shares Disclosures
Earnings per share - basic (in dollars per share)	$ 0.78	$ 0.91	$ 2.30	$ 2.51
Earnings per share - diluted (in dollars per share)	$ 0.78	$ 0.91	$ 2.28	$ 2.50
Average common shares outstanding - basic (in shares)	680,895,306	684,224,277	684,462,327	684,090,872
Average common shares outstanding - diluted (in shares)	686,108,625	687,059,147	689,263,426	687,661,319

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net Income	$ 573	$ 660	$ 1,694	$ 1,819
Net unrealized losses on available-for-sale debt securities:
Unrealized holding gains (losses) arising during period	944	(1,218)	763	(1,252)
Unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities	0	0	785	0
Reclassification adjustment for net losses included in net income	9	0	13	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	0	(785)	0
Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities	26	0	76	0
Net unrealized losses on cash flow hedge derivatives:
Unrealized holding (losses) gains arising during period	403	(527)	(22)	(664)
Reclassification adjustment for net losses included in net income	70	72	208	185
Defined benefit pension plans, net:
Reclassification of amounts to net periodic benefit costs	1	0	1	1
Other	2	0	2	0
Other comprehensive income (loss), net of tax	1,455	(1,673)	1,041	(1,729)
Comprehensive Income (Loss)	$ 2,028	$ (1,013)	$ 2,735	$ 90

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) - USD ($) $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment		Cumulative Effect, Period of Adoption, Adjusted Balance	Series H Preferred Stock	Series I Preferred Stock	Series J Preferred Stock	Series K Preferred Stock	Series L Preferred Stock	Class B, Series A Preferred Stock	Common Stock	Common Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Preferred Stock	Preferred Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Capital Surplus	Capital Surplus Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment		Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings Series H Preferred Stock	Retained Earnings Series I Preferred Stock	Retained Earnings Series J Preferred Stock	Retained Earnings Series K Preferred Stock	Retained Earnings Series L Preferred Stock	Retained Earnings Class B, Series A Preferred Stock	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	1,819																1,819
Other comprehensive loss, net of tax	(1,729)																										(1,729)
Cash dividends declared:
Common stock	(698)																(698)
Preferred stock					$ (29)	$ (22)	$ (19)	$ (9)	$ (12)	$ (9)											$ (29)	$ (22)	$ (19)	$ (9)	$ (12)	$ (9)
Shares acquired for treasury	(201)																												(201)
Impact of stock transactions under stock compensation plans, net	89														49														40
Ending balance at Sep. 30, 2023	16,544										2,051		2,116		3,733		22,747										(6,839)		(7,264)
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)
Ending balance at Dec. 31, 2023	$ 19,172	(10)	[1]	19,162							2,051	2,051	2,116	2,116	3,757	3,757	22,997	(10)	[1]	22,987							(4,487)	(4,487)	(7,262)	(7,262)
Cash dividends declared:
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2023-02 [Member]
Beginning balance at Jun. 30, 2023	$ 17,809										2,051		2,116		3,708		22,366										(5,166)		(7,266)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	660																660
Other comprehensive loss, net of tax	(1,673)																										(1,673)
Cash dividends declared:
Common stock	(242)																(242)
Preferred stock					(13)	(7)	(7)	(3)	(4)	(3)											(13)	(7)	(7)	(3)	(4)	(3)
Impact of stock transactions under stock compensation plans, net	27														25														2
Ending balance at Sep. 30, 2023	16,544										2,051		2,116		3,733		22,747										(6,839)		(7,264)
Beginning balance at Dec. 31, 2023	19,172	$ (10)	[1]	$ 19,162							2,051	$ 2,051	2,116	$ 2,116	3,757	$ 3,757	22,997	$ (10)	[1]	$ 22,987							(4,487)	$ (4,487)	(7,262)	$ (7,262)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,694																1,694
Other comprehensive loss, net of tax	1,041																										1,041
Cash dividends declared:
Common stock	(740)																(740)
Preferred stock					(39)	(32)	(20)	(9)	(12)	(9)											(39)	(32)	(20)	(9)	(12)	(9)
Shares acquired for treasury	(327)																												(327)
Impact of stock transactions under stock compensation plans, net	75														27														48
Ending balance at Sep. 30, 2024	20,784										2,051		2,116		3,784		23,820										(3,446)		(7,541)
Beginning balance at Jun. 30, 2024	19,226										2,051		2,116		3,764		23,542										(4,901)		(7,346)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	573																573
Other comprehensive loss, net of tax	1,455																										1,455
Cash dividends declared:
Common stock	(254)																(254)
Preferred stock					$ (13)	$ (11)	$ (7)	$ (3)	$ (4)	$ (3)											$ (13)	$ (11)	$ (7)	$ (3)	$ (4)	$ (3)
Shares acquired for treasury	(202)																												(202)
Impact of stock transactions under stock compensation plans, net	27														20														7
Ending balance at Sep. 30, 2024	$ 20,784										$ 2,051		$ 2,116		$ 3,784		$ 23,820										$ (3,446)		$ (7,541)

[1] Related to the adoption of ASU 2023-02 as of January 1, 2024. Refer to Note 3 for additional information.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Common stock, per share (in dollars per share)	$ 0.37	$ 0.35	$ 1.07	$ 1.01
Series H Preferred Stock
Preferred stock, per share (in dollars per share)	551.08	547.63	1,639.44	1,185.13
Series I Preferred Stock
Preferred stock, per share (in dollars per share)	594.32	414.06	1,768.22	1,242.18
Series J Preferred Stock
Preferred stock, per share (in dollars per share)	557.29	553.61	1,657.71	1,570.07
Series K Preferred Stock
Preferred stock, per share (in dollars per share)	309.38	309.38	928.13	928.13
Series L Preferred Stock
Preferred stock, per share (in dollars per share)	281.25	281.25	843.75	843.75
Class B, Series A Preferred Stock
Preferred stock, per share (in dollars per share)	$ 15	$ 15	$ 45	$ 45

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Activities
Net Income	$ 1,694	$ 1,819
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	351	460
Depreciation, amortization and accretion	371	347
Stock-based compensation expense	133	141
Provision for (benefit from) deferred income taxes	8	(117)
Securities gains, net	(32)	(6)
MSR fair value adjustment	112	6
Net gains on sales of loans and fair value adjustments on loans held for sale	(30)	(20)
Net gains on disposition and impairment of bank premises and equipment and operating lease equipment	(3)	(4)
Proceeds from sales of loans held for sale	2,893	3,934
Loans originated or purchased for sale, net of repayments	(3,076)	(3,464)
Dividends representing return on equity method investments	32	35
Net change in:
Equity and trading debt securities	(75)	(129)
Other assets	640	(577)
Accrued taxes, interest and expenses and other liabilities	(93)	12
Net Cash Provided by Operating Activities	2,925	2,437
Proceeds from sales:
AFS securities and other investments	443	2,718
Loans and leases	305	197
Bank premises and equipment and operating lease equipment	75	3
MSRs	5	0
Proceeds from repayments / maturities of AFS and HTM securities and other investments	3,987	3,214
Purchases:
AFS securities, equity method investments and other investments	(4,847)	(4,795)
Bank premises and equipment	(269)	(365)
MSRs	0	(25)
Proceeds from settlement of BOLI	25	12
Proceeds from sales and dividends representing return of equity method investments	8	64
Net cash received for divestitures	6	0
Net change in:
Other short-term investments	353	(10,572)
Portfolio loans and leases	(177)	829
Operating lease equipment	(18)	65
Net Cash Used in Investing Activities	(104)	(8,655)
Financing Activities
Net change in deposits	(572)	3,982
Net change in other short-term borrowings and federal funds purchased	(1,479)	(133)
Dividends paid on common and preferred stock	(887)	(784)
Proceeds from long-term debt issuances/advances	3,246	4,283
Repayment of long-term debt	(2,672)	(1,507)
Repurchases of treasury stock and related forward contract	(325)	(200)
Other	(59)	(52)
Net Cash (Used in) Provided by Financing Activities	(2,748)	5,589
Increase (Decrease) in Cash and Due from Banks	73	(629)
Cash and Due from Banks at Beginning of Period	3,142	3,466
Cash and Due from Banks at End of Period	$ 3,215	$ 2,837

Basis of Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of the Bancorp and its majority-owned subsidiaries and VIEs in which the Bancorp has been determined to be the primary beneficiary. Other entities, including certain joint ventures in which the Bancorp has the ability to exercise significant influence over operating and financial policies of the investee, but upon which the Bancorp does not possess control, are accounted for by the equity method and not consolidated. The investments in those entities in which the Bancorp does not have the ability to exercise significant influence are generally carried at fair value unless the investment does not have a readily determinable fair value. The Bancorp accounts for equity investments without a readily determinable fair value using the measurement alternative to fair value, representing the cost of the investment minus any impairment recorded and plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer. Intercompany transactions and balances among consolidated entities have been eliminated. In the opinion of management, the unaudited Condensed Consolidated Financial Statements include all adjustments, which consist of normal recurring accruals, necessary to present fairly the results for the periods presented. In accordance with U.S. GAAP and the rules and regulations of the SEC for interim financial information, these statements do not include certain information and footnote disclosures required for complete annual financial statements and it is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the Bancorp’s Annual Report on Form 10-K. The results of operations, comprehensive income and changes in equity for the three and nine months ended September 30, 2024 and 2023 and the cash flows for the nine months ended September 30, 2024 and 2023 are not necessarily indicative of the results to be expected for the full year. Financial information as of December 31, 2023 has been derived from the Bancorp’s Annual Report on Form 10-K. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
Supplemental Cash Flow Information	Sep. 30, 2024
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 nine months ended September 30: ($ in millions) 2024 2023 Cash Payments: Interest $ 3,795 2,554 Income taxes 126 496 Transfers: Portfolio loans and leases to loans and leases held for sale $ 333 281 Loans and leases held for sale to portfolio loans and leases 3 5 Portfolio loans and leases to OREO 16 9 Bank premises and equipment to OREO 7 29 Available-for-sale debt securities to held-to-maturity securities (a) 11,593 — Supplemental Disclosures: Net additions to lease liabilities under operating leases $ 59 56 Net additions (reductions) to lease liabilities under finance leases 45 (6) (a) Represents the fair value of the securities on the date of transfer. Refer to Note 4 for additional information.

Accounting and Reporting Develo

Accounting and Reporting Developments	9 Months Ended
Accounting and Reporting Developments	Sep. 30, 2024
Accounting Policies [Abstract]
Accounting and Reporting Developments	Accounting and Reporting Developments Standards Adopted in 2024 The Bancorp adopted the following new accounting standards during the nine months ended September 30, 2024: ASU 2022-03 – Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions In June 2022, the FASB issued ASU 2022-03, which clarifies the guidance in ASC 820 on the fair value measurement of an equity security that is subject to contractual sale restrictions, stating that such restrictions are not considered part of the unit of account of the security and therefore are not considered in measuring fair value. The amended guidance also requires disclosure of the fair value of equity securities subject to contractual sale restrictions and certain additional information about those restrictions. The Bancorp adopted the amended guidance on January 1, 2024 on a prospective basis. The adoption did not have a material impact on the Bancorp’s Condensed Consolidated Financial Statements. ASU 2023-02 – Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method In March 2023, the FASB issued ASU 2023-02, which expands the permitted usage of the proportional amortization method to include additional tax credit investment programs beyond qualifying LIHTC structures if certain conditions are met. The amended guidance permits entities to make elections to apply the proportional amortization method on a program-by-program basis for qualifying programs and also makes certain amendments to measurement and disclosure guidance. The amended disclosure guidance applies to all investments within programs where the proportional amortization method has been elected, including investments within those programs which do not meet the criteria to permit application of the proportional amortization method. The Bancorp adopted the amended guidance on January 1, 2024 on a modified retrospective basis, except for certain provisions which the Bancorp adopted on a prospective basis, as permitted. Upon adoption, the Bancorp recorded a cumulative-effect adjustment to decrease retained earnings by $10 million, net of tax. ASU 2023-07 – Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07, which amends the disclosure requirements for reportable segments. The amendments include new requirements to disclose certain significant segment expenses and other items, the title and position of the chief operating decision maker and information about how the reported measures of segment profit or loss are used in assessing segment performance. The amendments also make certain annual disclosure requirements applicable to interim periods and permit the reporting of multiple measures of segment profit or loss if appropriate. The amended guidance is effective for the Bancorp for the year ending December 31, 2024 and subsequent interim reporting periods beginning in 2025, with early adoption permitted. Consistent with this implementation guidance, the Bancorp will provide the amended disclosures within its Annual Report on Form 10-K for the year ended December 31, 2024 and the amendments will be applied retrospectively to all prior periods presented. Significant Accounting Standard Issued but Not Yet Adopted The following significant accounting standard was issued but not yet adopted by the Bancorp as of September 30, 2024: 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 amended guidance is effective for the Bancorp on January 1, 2025, with early adoption permitted, and is to be applied prospectively, with retrospective application permitted. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements.

Investment Securities

Investment Securities	9 Months Ended
Investment Securities	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	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: September 30, 2024 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 4,354 — (4) 4,350 Obligations of states and political subdivisions securities — — — — Mortgage-backed securities: Agency residential mortgage-backed securities 5,623 — (606) 5,017 Agency commercial mortgage-backed securities 24,008 5 (2,294) 21,719 Non-agency commercial mortgage-backed securities 4,677 2 (280) 4,399 Asset-backed securities and other debt securities 4,315 5 (186) 4,134 Other securities (a) 777 — — 777 Total available-for-sale debt and other securities $ 43,754 12 (3,370) 40,396 Held-to-maturity securities: (b) U.S. Treasury and federal agencies securities $ 2,354 25 — 2,379 Mortgage-backed securities: Agency residential mortgage-backed securities 4,992 75 (1) 5,066 Agency commercial mortgage-backed securities 4,010 97 — 4,107 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 11,358 197 (1) 11,554 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdi ngs of $275, $499 and $3, respectively, at September 30, 2024, that are carried at cost. (b) The amortized cost basis of held-to-maturity securities includes a discount of $897 at September 30, 2024 pertaining to the unamortized portion of unrealized losses on securities. December 31, 2023 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 4,477 1 (142) 4,336 Obligations of states and political subdivisions securities 2 — — 2 Mortgage-backed securities: Agency residential mortgage-backed securities 11,564 — (1,282) 10,282 Agency commercial mortgage-backed securities 28,945 5 (3,230) 25,720 Non-agency commercial mortgage-backed securities 4,872 — (427) 4,445 Asset-backed securities and other debt securities 5,207 3 (298) 4,912 Other securities (a) 722 — — 722 Total available-for-sale debt and other securities $ 55,789 9 (5,379) 50,419 Held-to-maturity securities: Asset-backed securities and other debt securities $ 2 — — 2 Total held-to-maturity securities $ 2 — — 2 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $224, $496 and $2, respectively, at December 31, 2023, that are carried at cost. The following table provides the fair value of trading debt securities and equity securities as of: ($ in millions) September 30, December 31, Trading debt securities $ 1,176 899 Equity securities 428 613 The amounts reported in the preceding tables exclude accrued interest receivable on investment securities of $167 million and $146 million at September 30, 2024 and December 31, 2023, respectively, which is presented as a component of other assets in the Condensed Consolidated Balance Sheets. In January 2024, the Bancorp transferred $12.6 billion (amortized cost basis) of 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 $897 million at September 30, 2024 pertaining to the unamortized portion of unrealized losses on securities, which are offset in AOCI. The Bancorp uses investment securities as a means of managing interest rate risk, providing collateral for pledging purposes and for liquidity risk management. The following table presents the components of net securities gains and losses recognized in the Condensed Consolidated Statements of Income, including those recognized related to the Bancorp’s non-qualifying hedging strategy for MSRs: For the three months ended September 30, For the nine months ended ($ in millions) 2024 2023 2024 2023 Available-for-sale debt and other securities: Realized gains $ — 1 4 34 Realized losses — — — (30) Impairment losses (11) (1) (21) (5) Net losses on available-for-sale debt and other securities $ (11) — (17) (1) Trading debt securities: Net realized gains 1 — — — Net unrealized gains — — — 2 Net trading debt securities gains $ 1 — — 2 Equity securities: Net realized gains 4 2 15 3 Net unrealized gains (losses) 16 (9) 25 (1) Net equity securities gains (losses) $ 20 (7) 40 2 Total gains (losses) recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (a) $ 10 (7) 23 3 (a) Excludes $7 and $9 of net securities gains for the three and nine months ended September 30, 2024, respectively, and $2 and $3 of net securities gains for the three and nine months ended September 30, 2023, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These gains and losses are included in commercial banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income. The Bancorp recognized impairment losses on available-for-sale debt and other securities of $11 million and $21 million during the three and nine months ended September 30, 2024, respectively, compared with impairment losses of $1 million and $5 million during the three and nine months ended September 30, 2023, respectively. These losses were included in securities gains (losses), net, in the Condensed Consolidated Statements of Income and 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 September 30, 2024 and December 31, 2023, the Bancorp did not recognize an allowance for credit losses for its investment securities. The Bancorp also did not recognize provision for credit losses for investment securities during both the three and nine months ended September 30, 2024 and 2023. At September 30, 2024 and December 31, 2023, investment securities with a fair value of $31.4 billion a nd $25.2 billion, respectively, were pledged to secure borrowing capacity, public deposits, trust funds, derivative contracts and for other purposes as required or permitted by law. The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of September 30, 2024 are shown in the following table: ($ in millions) Available-for-Sale Debt and Other Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value Debt securities: (a) Due in 1 year or less $ 3,140 3,117 38 38 Due after 1 year through 5 years 17,036 16,376 3,071 3,106 Due after 5 years through 10 years 16,020 14,120 7,770 7,908 Due after 10 years 6,781 6,006 479 502 Other securities 777 777 — — Total $ 43,754 40,396 11,358 11,554 (a) Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties. The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of: Less than 12 months 12 months or more Total ($ in millions) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized September 30, 2024 U.S. Treasury and federal agencies securities $ 4,210 (4) — — 4,210 (4) Agency residential mortgage-backed securities 215 (1) 4,796 (605) 5,011 (606) Agency commercial mortgage-backed securities 3,736 (302) 17,651 (1,992) 21,387 (2,294) Non-agency commercial mortgage-backed securities — — 4,210 (280) 4,210 (280) Asset-backed securities and other debt securities 143 (12) 3,451 (174) 3,594 (186) Total $ 8,304 (319) 30,108 (3,051) 38,412 (3,370) December 31, 2023 U.S. Treasury and federal agencies securities $ 1,989 (3) 2,157 (139) 4,146 (142) Agency residential mortgage-backed securities 81 (2) 10,200 (1,280) 10,281 (1,282) Agency commercial mortgage-backed securities 5,439 (556) 19,957 (2,674) 25,396 (3,230) Non-agency commercial mortgage-backed securities 141 (2) 4,284 (425) 4,425 (427) Asset-backed securities and other debt securities 340 (17) 4,184 (281) 4,524 (298) Total $ 7,990 (580) 40,782 (4,799) 48,772 (5,379) At September 30, 2024 and December 31, 2023, $29 million and $45 million, respectively, of unrealized losses in the available-for-sale debt and other securities portfolio were related to non-rated securities.

Loans and Leases

Loans and Leases	9 Months Ended
Loans and Leases	Sep. 30, 2024
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: ($ in millions) September 30, December 31, Loans and leases held for sale: Commercial and industrial loans $ 14 41 Commercial mortgage loans 34 — Commercial construction loans 50 — Commercial leases 2 3 Residential mortgage loans 512 334 Total loans and leases held for sale $ 612 378 Portfolio loans and leases: Commercial and industrial loans $ 50,916 53,270 Commercial mortgage loans 11,394 11,276 Commercial construction loans 5,947 5,621 Commercial leases 2,873 2,579 Total commercial loans and leases $ 71,130 72,746 Residential mortgage loans $ 17,166 17,026 Home equity 4,074 3,916 Indirect secured consumer loans 15,942 14,965 Credit card 1,703 1,865 Solar energy installation loans 4,078 3,728 Other consumer loans 2,575 2,988 Total consumer loans $ 45,538 44,488 Total portfolio loans and leases $ 116,668 117,234 Portfolio loans and leases are recorded net of unearned income, which totaled $312 million and $272 million as of September 30, 2024 and December 31, 2023, respectively. The amortized cost basis of loans and leases excludes accrued interest receivable of $593 million at both September 30, 2024 and December 31, 2023, which is presented as a component of other assets in the Condensed Consolidated Balance Sheets. Additionally, portfolio loans and leases are recorded net of unamortized premiums and discounts, deferred direct loan origination fees and costs and valuation adjustments associated with loans measured at fair value. These items totaled a net discount of $316 million as of September 30, 2024 and $395 million as of December 31, 2023, of which $894 million and $865 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 $14.5 billion as of September 30, 2024 and December 31, 2023, respectively, pledged to the FHLB, and loans of $53.1 billion and $49.3 billion at September 30, 2024 and December 31, 2023, respectively, pledged to the FRB. The following table presents a summary of the total loans and leases owned by the Bancorp as of: Carrying Value 90 Days Past Due and Still Accruing (a) ($ in millions) September 30, December 31, September 30, December 31, Commercial and industrial loans $ 50,930 53,311 10 8 Commercial mortgage loans 11,428 11,276 3 — Commercial construction loans 5,997 5,621 — — Commercial leases 2,875 2,582 1 — Residential mortgage loans 17,678 17,360 8 7 Home equity 4,074 3,916 — — Indirect secured consumer loans 15,942 14,965 — — Credit card 1,703 1,865 18 21 Solar energy installation loans 4,078 3,728 — — Other consumer loans 2,575 2,988 — — Total loans and leases $ 117,280 117,612 40 36 Less: Loans and leases held for sale 612 378 Total portfolio loans and leases $ 116,668 117,234 (a) Excludes government guaranteed residential mortgage loans. The following table presents a summary of net charge-offs (recoveries): For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Commercial and industrial loans $ 72 65 187 127 Commercial construction loans — — — 1 Commercial leases — (1) — (1) Residential mortgage loans (1) — (1) — Home equity — — — 1 Indirect secured consumer loans 22 19 63 48 Credit card 16 15 52 46 Solar energy installation loans 14 8 39 16 Other consumer loans 19 18 56 54 Total net charge-offs $ 142 124 396 292 The following table presents the components of the net investment in portfolio leases as of: ($ in millions) (a) September 30, December 31, Net investment in direct financing leases: Lease payment receivable (present value) $ 593 556 Unguaranteed residual assets (present value) 119 105 Net investment in sales-type leases: Lease payment receivable (present value) 1,829 1,585 Unguaranteed residual assets (present value) 85 84 (a) Excludes $247 and $249 of leveraged leases at September 30, 2024 and December 31, 2023, respectively. Interest income recognized in the Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2024 was $10 million and $29 million, respectively, for direct financing leases and $21 million and $58 million, respectively, for sales-type leases. For the three and nine months ended September 30, 2023, interest income recognized was $7 million and $20 million, respectively, for direct financing leases and $16 million and $47 million, respectively, for sales-type leases. The following table presents undiscounted cash flows for both direct financing and sales-type portfolio leases for the remainder of 2024 through 2029 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows: As of September 30, 2024 ($ in millions) Direct Financing Sales-Type Leases Remainder of 2024 $ 45 134 2025 184 595 2026 151 429 2027 117 359 2028 66 237 2029 40 101 Thereafter 53 127 Total undiscounted cash flows $ 656 1,982 Less: Difference between undiscounted cash flows and discounted cash flows 63 153 Present value of lease payments (recognized as lease receivables) $ 593 1,829 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 $14 million and $13 million at September 30, 2024 and December 31, 2023, 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.

Credit Quality and the Allowanc

Credit Quality and the Allowance for Loan and Lease Losses	9 Months Ended
Credit Quality and the Allowance for Loan and Lease Losses	Sep. 30, 2024
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 three months ended September 30, 2024 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,113 136 1,039 2,288 Losses charged off (a) (80) — (103) (183) Recoveries of losses previously charged off (a) 8 1 32 41 Provision for loan and lease losses 64 6 89 159 Balance, end of period $ 1,105 143 1,057 2,305 (a) The Bancorp recorded $6 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the three months ended September 30, 2023 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,199 173 955 2,327 Losses charged off (a) (70) (1) (87) (158) Recoveries of losses previously charged off (a) 6 1 27 34 Provision for (benefit from) loan and lease losses 52 (18) 103 137 Balance, end of period $ 1,187 155 998 2,340 (a) The Bancorp recorded $8 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the nine months ended September 30, 2024 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,130 145 1,047 2,322 Losses charged off (a) (203) (2) (306) (511) Recoveries of losses previously charged off (a) 16 3 96 115 Provision for (benefit from) loan and lease losses 162 (3) 220 379 Balance, end of period $ 1,105 143 1,057 2,305 (a) The Bancorp recorded $22 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the nine months ended September 30, 2023 ($ in millions) Commercial Residential Mortgage Consumer Total Balance, beginning of period $ 1,127 245 822 2,194 Impact of adoption of ASU 2022-02 4 (36) (17) (49) Losses charged off (a) (140) (3) (246) (389) Recoveries of losses previously charged off (a) 13 3 81 97 Provision for (benefit from) loan and lease losses 183 (54) 358 487 Balance, end of period $ 1,187 155 998 2,340 (a) The Bancorp recorded $26 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment: As of September 30, 2024 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 89 — 9 98 Collectively evaluated 1,016 143 1,048 2,207 Total ALLL $ 1,105 143 1,057 2,305 Portfolio loans and leases: (b) Individually evaluated $ 274 130 87 491 Collectively evaluated 70,856 16,922 28,285 116,063 Total portfolio loans and leases $ 71,130 17,052 28,372 116,554 (a) Includes $1 related to commercial leveraged leases at September 30, 2024. (b) Excludes $114 of residential mortgage loans measured at fair value and includes $247 of commercial leveraged leases, net of unearned income, at September 30, 2024. As of December 31, 2023 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 90 — 6 96 Collectively evaluated 1,040 145 1,041 2,226 Total ALLL $ 1,130 145 1,047 2,322 Portfolio loans and leases: (b) Individually evaluated $ 281 126 69 476 Collectively evaluated 72,465 16,784 27,393 116,642 Total portfolio loans and leases $ 72,746 16,910 27,462 117,118 (a) Includes $2 related to commercial leveraged leases at December 31, 2023. (b) Excludes $116 of residential mortgage loans measured at fair value and includes $249 of commercial leveraged leases, net of unearned income, at December 31, 2023. 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 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2023. 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 September 30, 2024 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans 2024 2023 2022 2021 2020 Prior Total Commercial and industrial loans: Pass $ 2,301 1,614 2,636 1,461 496 456 38,374 47,338 Special mention 20 9 27 20 3 76 1,073 1,228 Substandard 54 117 185 75 34 80 1,752 2,297 Doubtful — — — — — — 53 53 Total commercial and industrial loans $ 2,375 1,740 2,848 1,556 533 612 41,252 50,916 Commercial mortgage owner-occupied loans: Pass $ 517 845 864 635 332 364 1,418 4,975 Special mention 24 2 11 15 1 18 11 82 Substandard 52 25 28 39 9 45 172 370 Doubtful — — — — — — — — Total commercial mortgage owner-occupied loans $ 593 872 903 689 342 427 1,601 5,427 Commercial mortgage nonowner-occupied loans: Pass $ 405 839 749 222 292 436 2,542 5,485 Special mention 58 — 114 — — — 117 289 Substandard 19 45 8 — — 2 119 193 Doubtful — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 482 884 871 222 292 438 2,778 5,967 Commercial construction loans: Pass $ 14 109 85 37 4 33 4,606 4,888 Special mention — — — — — — 787 787 Substandard 7 15 — — — — 250 272 Doubtful — — — — — — — — Total commercial construction loans $ 21 124 85 37 4 33 5,643 5,947 Commercial leases: Pass $ 1,065 357 311 345 150 560 — 2,788 Special mention 2 — 1 4 2 6 — 15 Substandard — 18 15 4 4 29 — 70 Doubtful — — — — — — — — Total commercial leases $ 1,067 375 327 353 156 595 — 2,873 Total commercial loans and leases: Pass $ 4,302 3,764 4,645 2,700 1,274 1,849 46,940 65,474 Special mention 104 11 153 39 6 100 1,988 2,401 Substandard 132 220 236 118 47 156 2,293 3,202 Doubtful — — — — — — 53 53 Total commercial loans and leases $ 4,538 3,995 5,034 2,857 1,327 2,105 51,274 71,130 As of December 31, 2023 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans 2023 2022 2021 2020 2019 Prior Total Commercial and industrial loans: Pass $ 2,124 3,434 1,814 580 263 321 40,889 49,425 Special mention 16 100 60 33 6 105 1,756 2,076 Substandard 105 103 28 18 39 73 1,397 1,763 Doubtful — — — — — — 6 6 Total commercial and industrial loans $ 2,245 3,637 1,902 631 308 499 44,048 53,270 Commercial mortgage owner-occupied loans: Pass $ 870 1,078 746 408 219 260 1,279 4,860 Special mention 30 23 18 — 6 — 20 97 Substandard 31 22 11 10 45 10 114 243 Doubtful — — — — — — — — Total commercial mortgage owner-occupied loans $ 931 1,123 775 418 270 270 1,413 5,200 Commercial mortgage nonowner-occupied loans: Pass $ 886 825 261 348 293 243 2,724 5,580 Special mention 111 166 — 2 — 2 81 362 Substandard 81 1 8 — — 2 42 134 Doubtful — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 1,078 992 269 350 293 247 2,847 6,076 Commercial construction loans: Pass $ 171 36 45 41 70 6 4,818 5,187 Special mention — — — — — — 199 199 Substandard 61 — 33 — — — 141 235 Doubtful — — — — — — — — Total commercial construction loans $ 232 36 78 41 70 6 5,158 5,621 Commercial leases: Pass $ 598 386 462 202 145 664 — 2,457 Special mention 1 9 12 3 8 14 — 47 Substandard 20 14 1 5 5 30 — 75 Doubtful — — — — — — — — Total commercial leases $ 619 409 475 210 158 708 — 2,579 Total commercial loans and leases: Pass $ 4,649 5,759 3,328 1,579 990 1,494 49,710 67,509 Special mention 158 298 90 38 20 121 2,056 2,781 Substandard 298 140 81 33 89 115 1,694 2,450 Doubtful — — — — — — 6 6 Total commercial loans and leases $ 5,105 6,197 3,499 1,650 1,099 1,730 53,466 72,746 The following tables summarize the Bancorp’s gross charge-offs within the commercial portfolio segment, by class and vintage: For the nine months ended September 30, 2024 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans 2024 2023 2022 2021 2020 Prior Total Commercial loans and leases: Commercial and industrial loans $ 1 2 15 1 1 — 183 203 Commercial mortgage owner-occupied loans — — — — — — — — Commercial construction loans — — — — — — — — Total commercial loans and leases $ 1 2 15 1 1 — 183 203 For the nine months ended September 30, 2023 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans 2023 2022 2021 2020 2019 Prior Total Commercial loans and leases: Commercial and industrial loans $ 24 6 12 1 — 5 90 138 Commercial mortgage owner-occupied loans — — — — — — 1 1 Commercial construction loans — — — — — — 1 1 Total commercial loans and leases $ 24 6 12 1 — 5 92 140 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 Due Total Loans 90 Days Past As of September 30, 2024 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans $ 50,785 44 87 131 50,916 10 Commercial mortgage owner-occupied loans 5,418 6 3 9 5,427 1 Commercial mortgage nonowner-occupied loans 5,961 1 5 6 5,967 2 Commercial construction loans 5,947 — — — 5,947 — Commercial leases 2,860 12 1 13 2,873 1 Total portfolio commercial loans and leases $ 70,971 63 96 159 71,130 14 (a) Includes accrual and nonaccrual loans and leases. Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of December 31, 2023 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans $ 53,107 61 102 163 53,270 8 Commercial mortgage owner-occupied loans 5,196 1 3 4 5,200 — Commercial mortgage nonowner-occupied loans 6,061 14 1 15 6,076 — Commercial construction loans 5,621 — — — 5,621 — Commercial leases 2,562 17 — 17 2,579 — Total portfolio commercial loans and leases $ 72,547 93 106 199 72,746 8 (a) Includes accrual and nonaccrual loans and leases. Residential Mortgage and Consumer Portfolio Segments For purposes of monitoring the credit quality and risk characteristics of its consumer portfolio segment, the Bancorp disaggregates the segment into the following classes: home equity, indirect secured consumer loans, credit card, solar energy installation loans and other consumer loans. The Bancorp’s residential mortgage portfolio segment is also a separate class. The Bancorp considers repayment performance as the best indicator of credit quality for residential mortgage and consumer loans, which includes both the delinquency status and performing versus nonperforming status of the loans. The delinquency status of all residential mortgage and consumer loans and the performing versus nonperforming status are presented in the following tables. 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 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2023 for additional information about the Bancorp’s process for developing these models and its process for 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 age and performing versus nonperforming status: As of September 30, 2024 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2024 2023 2022 2021 2020 Prior Total Residential mortgage loans: Performing: Current (a) $ 1,281 1,014 2,995 4,678 2,533 4,386 — — 16,887 30-89 days past due 1 — 5 7 2 12 — — 27 90 days or more past due — — 1 3 1 3 — — 8 Nonperforming — 2 8 9 8 103 — — 130 Total residential mortgage loans (b) $ 1,282 1,016 3,009 4,697 2,544 4,504 — — 17,052 Home equity: Performing: Current $ 115 71 36 2 5 90 3,602 63 3,984 30-89 days past due — — — — — 2 20 1 23 90 days or more past due — — — — — — — — — Nonperforming — — — — — 7 54 6 67 Total home equity $ 115 71 36 2 5 99 3,676 70 4,074 Indirect secured consumer loans: Performing: Current $ 5,228 3,117 3,347 2,721 917 440 — — 15,770 30-89 days past due 11 23 40 27 13 8 — — 122 90 days or more past due — — — — — — — — — Nonperforming 2 9 17 12 5 5 — — 50 Total indirect secured consumer loans $ 5,241 3,149 3,404 2,760 935 453 — — 15,942 Credit card: Performing: Current $ — — — — — — 1,634 — 1,634 30-89 days past due — — — — — — 20 — 20 90 days or more past due — — — — — — 18 — 18 Nonperforming — — — — — — 31 — 31 Total credit card $ — — — — — — 1,703 — 1,703 Solar energy installation loans: Performing: Current $ 692 2,154 1,115 2 — 34 — — 3,997 30-89 days past due 1 8 8 — — — — — 17 90 days or more past due — — — — — — — — — Nonperforming 1 34 29 — — — — — 64 Total solar energy installation loans $ 694 2,196 1,152 2 — 34 — — 4,078 Other consumer loans: Performing: Current $ 164 388 552 243 187 160 809 38 2,541 30-89 days past due 1 5 9 3 1 3 3 — 25 90 days or more past due — — — — — — — — — Nonperforming — 2 4 1 — 1 1 — 9 Total other consumer loans $ 165 395 565 247 188 164 813 38 2,575 Total residential mortgage and consumer loans: Performing: Current $ 7,480 6,744 8,045 7,646 3,642 5,110 6,045 101 44,813 30-89 days past due 14 36 62 37 16 25 43 1 234 90 days or more past due — — 1 3 1 3 18 — 26 Nonperforming 3 47 58 22 13 116 86 6 351 Total residential mortgage and consumer loans (b) $ 7,497 6,827 8,166 7,708 3,672 5,254 6,192 108 45,424 (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 September 30, 2024, $85 of these loans were 30-89 days past due and $141 were 90 days or more past due. The Bancorp recognized an immaterial amount and $1 of losses during the three and nine months ended September 30, 2024, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $114 of residential mortgage loans measured at fair value at September 30, 2024, including $1 of 30-89 days past due loans and $1 of nonperforming loans. As of December 31, 2023 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2023 2022 2021 2020 2019 Prior Total Residential mortgage loans: Performing: Current (a) $ 995 3,139 5,001 2,703 943 3,971 — — 16,752 30-89 days past due — 3 6 5 1 14 — — 29 90 days or more past due — 1 1 1 1 3 — — 7 Nonperforming — 6 6 5 4 101 — — 122 Total residential mortgage loans (b) $ 995 3,149 5,014 2,714 949 4,089 — — 16,910 Home equity: Performing: Current $ 84 41 2 6 11 92 3,549 46 3,831 30-89 days past due — — — — — 2 25 1 28 90 days or more past due — — — — — — — — — Nonperforming — — — — — 6 50 1 57 Total home equity $ 84 41 2 6 11 100 3,624 48 3,916 Indirect secured consumer loans: Performing: Current $ 4,126 4,333 3,925 1,527 597 271 — — 14,779 30-89 days past due 22 49 40 19 12 8 — — 150 90 days or more past due — — — — — — — — — Nonperforming 4 11 9 6 3 3 — — 36 Total indirect secured consumer loans $ 4,152 4,393 3,974 1,552 612 282 — — 14,965 Credit card: Performing: Current $ — — — — — — 1,789 — 1,789 30-89 days past due — — — — — — 21 — 21 90 days or more past due — — — — — — 21 — 21 Nonperforming — — — — — — 34 — 34 Total credit card $ — — — — — — 1,865 — 1,865 Solar energy installation loans: Performing: Current $ 2,415 1,192 2 — — 41 — — 3,650 30-89 days past due 12 6 — — — — — — 18 90 days or more past due — — — — — — — — — Nonperforming 29 30 — — — 1 — — 60 Total solar energy installation loans $ 2,456 1,228 2 — — 42 — — 3,728 Other consumer loans: Performing: Current $ 511 703 328 246 101 154 859 41 2,943 30-89 days past due 5 15 4 2 2 2 2 1 33 90 days or more past due — — — — — — — — — Nonperforming 2 6 1 1 1 — — 1 12 Total other consumer loans $ 518 724 333 249 104 156 861 43 2,988 Total residential mortgage and consumer loans: Performing: Current $ 8,131 9,408 9,258 4,482 1,652 4,529 6,197 87 43,744 30-89 days past due 39 73 50 26 15 26 48 2 279 90 days or more past due — 1 1 1 1 3 21 — 28 Nonperforming 35 53 16 12 8 111 84 2 321 Total residential mortgage and consumer loans (b) $ 8,205 9,535 9,325 4,521 1,676 4,669 6,350 91 44,372 (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, 2023, $79 of these loans were 30-89 days past due and $141 were 90 days or more past due. The Bancorp recognized $1 and $2 of losses during the three and nine months ended September 30, 2023, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $116 of residential mortgage loans measured at fair value at December 31, 2023, including $1 of 30-89 days past due loans and $2 of nonperforming loans. The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage: For the nine months ended September 30, 2024 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2024 2023 2022 2021 2020 Prior Total Residential mortgage loans $ — — — — — 2 — — 2 Consumer loans: Home equity — — — — — 1 4 — 5 Indirect secured consumer loans 3 25 38 19 7 8 — — 100 Credit card — — — — — — 67 — 67 Solar energy installation loans 1 16 13 — 5 9 — — 44 Other consumer loans — 10 21 9 12 11 25 2 90 Total residential mortgage and consumer loans $ 4 51 72 28 24 31 96 2 308 For the nine months ended September 30, 2023 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2023 2022 2021 2020 2019 Prior Total Residential mortgage loans $ — — — — — 3 — — 3 Consumer loans: Home equity — — — — — 1 5 — 6 Indirect secured consumer loans 4 28 20 10 7 6 — — 75 Credit card — — — — — — 59 — 59 Solar energy installation loans 3 11 1 — — 2 — — 17 Other consumer loans 3 28 11 9 6 6 25 1 89 Total residential mortgage and consumer loans $ 10 67 32 19 13 18 89 1 249 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) September 30, December 31, Commercial loans and leases: Commercial and industrial loans $ 206 268 Commercial mortgage owner-occupied loans 63 8 Commercial mortgage nonowner-occupied loans 4 2 Commercial construction loans 1 1 Total commercial loans and leases $ 274 279 Residential mortgage loans 130 126 Consumer loans: Home equity 62 54 Indirect secured consumer loans 25 15 Total consumer loans $ 87 69 Total portfolio loans and leases $ 491 474 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: September 30, 2024 December 31, 2023 ($ in millions) With an ALLL No Related Total With an ALLL No Related Total Commercial loans and leases: Commercial and industrial loans $ 217 38 255 273 31 304 Commercial mortgage owner-occupied loans 50 24 74 11 6 17 Commercial mortgage nonowner-occupied loans — 4 4 — 3 3 Commercial construction loans — 1 1 — 1 1 Commercial leases — — — — 1 1 Total nonaccrual portfolio commercial loans and leases $ 267 67 334 284 42 326 Residential mortgage loans 43 88 131 26 98 124 Consumer loans: Home equity 22 45 67 21 36 57 Indirect secured consumer loans 42 8 50 32 4 36 Credit card 31 — 31 34 — 34 Solar energy installation loans 64 — 64 60 — 60 Other consumer loans 9 — 9 12 — 12 Total nonaccrual portfolio consumer loans $ 168 53 221 159 40 199 Total nonaccrual portfolio loans and leases (a)(b) $ 478 208 686 469 180 649 OREO and other repossessed property — 39 39 — 39 39 Total nonperforming portfolio assets (a)(b) $ 478 247 725 469 219 688 (a) Excludes $8 and $1 of nonaccrual loans held for sale as of September 30, 2024 and December 31, 2023, respectively. (b) Includes $20 and $19 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of September 30, 2024 and December 31, 2023, respectively. The Bancorp recognized an immaterial amount of interest income on nonaccrual loans and leases for both the three and nine months ended September 30, 2024 and 2023. 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 $101 million and $107 million as of September 30, 2024 and December 31, 2023, 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 $184 million and $171 million as of September 30, 2024 and 2023, respectively, were modified during the three months ended September 30, 2024 and 2023, respectively, and $373 million and $484 million were modified during the nine months ended September 30, 2024 and 2023, respectively, for borrowers experiencing financial difficulty, as further discussed in the following sections. These modifications for the three months ended September 30, 2024 and 2023 represented 0.16% and 0.14%, respectively, of total portfolio loans and leases as of September 30, 2024 and 2023, respectively, and 0.32% and 0.40% for the nine months ended September 30, 2024 and 2023, respectively. These amounts excluded $19 million and $6 million for the three months ended September 30, 2024 and 2023, respectively, and $42 million and $24 million for the nine months ended September 30, 2024 and 2023, 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 September 30, 2024 and December 31, 2023, the Bancorp had commitments of $80 million and $130 million, respectively, to lend additional funds to borrowers experiencing financial difficulty whose terms have been modified during the twelve months ended September 30, 2024 and December 31, 2023, respectively. Commercial portfolio segment Commercial loan modifications are individually negotiated and may vary depending on the borrower’s financial situation, but the Bancorp most commonly utilizes term extensions for periods of three The following tables present the amortized cost basis as of September 30, 2024 and 2023, respectively, of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification: For the three months ended September 30, 2024 ($ in millions) Term Extension Term Extension and Payment Delay Payment Delay Other Total % of Total Class Commercial and industrial loans $ 84 2 19 — 105 0.21 % Commercial mortgage owner-occupied loans 11 — — — 11 0.20 Commercial mortgage nonowner-occupied loans 28 — — — 28 0.47 Commercial construction loans 6 — — — 6 0.10 Total commercial portfolio loans $ 129 2 19 — 150 0.22 % For the three months ended September 30, 2023 ($ in millions) Term Extension Term Extension and Payment Delay Payment Delay Other Total % of Total Class Commercial and industrial loans $ 92 8 — 1 101 0.18 % Commercial mortgage owner-occupied loans 3 — — — 3 0.06 Commercial mortgage nonowner-occupied loans 1 — — — 1 0.02 Commercial construction loans 19 — — — 19 0.34 Total commercial portfolio loans $ 115 8 — 1 124 0.17 % For the nine months ended September 30, 2024 ($ in millions) Term Extension Term Extension and Payment Delay Payment Delay Other Total % of Total Class Commercial and industrial loans $ 164 20 23 1 208 0.41 % Commercial mortgage owner-occupied loans 25 — 1 — 26 0.48 Commercial mortgage nonowner-occupied loans 28 — — — 28 0.47 Commercial construction loans 6 — — — 6 0.10 Total commercial portfolio loans $ 223 20 24 1 268 0.39 % For the nine months ended September 30, 2023 ($ in millions) Term Extension Term Extension and Payment Delay Payment Delay Other Total % of Total Class Commercial and industrial loans $ 176 8 5 2 191 0.34 % Commercial mortgage owner-occupied loans 24 — — — 24 0.45 Commercial mortgage nonowner-occupied loans 21 — — 3 24 0.42 Commercial construction loans 116 — — — 116 2.08 Total commercial portfolio loans $ 337 8 5 5 355 0.47 % 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 most common modification program utilized for residential mortgage loans is 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

Bank Premises and Equipment

Bank Premises and Equipment	9 Months Ended
Bank Premises and Equipment	Sep. 30, 2024
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: ($ in millions) September 30, December 31, Equipment $ 2,709 2,578 Buildings (a) 1,764 1,742 Leasehold improvements 712 685 Land and improvements (a) 622 618 Construction in progress (a) 207 180 Bank premises and equipment held for sale: Land and improvements 10 15 Equipment 10 — Buildings 4 4 Accumulated depreciation and amortization (3,613) (3,473) Total bank premises and equipment $ 2,425 2,349 (a) Buildings, land and improvements and construction in progress included $1 and $9 associated with parcels of undeveloped land intended for future branch expansion at September 30, 2024 and December 31, 2023, respectively. The Bancorp monitors changing customer preferences associated with the channels it uses for banking transactions to evaluate the efficiency, competitiveness and quality of the customer service experience in its consumer distribution network. As part of this ongoing assessment, the Bancorp may determine that it is no longer fully committed to maintaining full-service banking centers at certain locations. Similarly, the Bancorp may also determine that it is no longer fully committed to building banking centers on certain parcels of land which had previously been held for future branch expansion. The Bancorp closed a total of 28 banking centers throughout its footprint during the nine months ended September 30, 2024. 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. Impairment losses associated with such assessments and lower of cost or market adjustments were immaterial for both the three months ended September 30, 2024 and 2023, and immaterial and $2 million for the nine months ended September 30, 2024 and 2023, respectively. For the three and nine months ended September 30, 2023, the Bancorp also recognized $7 million and $8 million of impairment losses, respectively, in conjunction with transferring certain parcels of land to OREO. The recognized impairment losses were recorded in other noninterest income in the Condensed Consolidated Statements of Income.

Operating Lease Equipment

Operating Lease Equipment	9 Months Ended
Operating Lease Equipment	Sep. 30, 2024
Leases [Abstract]
Operating Lease Equipment	Operating Lease Equipment Operating lease equipment was $357 million and $459 million at September 30, 2024 and December 31, 2023, respectively, net of accumulated depreciation of $345 million and $355 million at September 30, 2024 and December 31, 2023, respectively. The Bancorp recorded lease income of $24 million and $33 million relating to lease payments for operating leases in leasing business revenue The following table presents future lease payments receivable from operating leases for the remainder of 2024 through 2029 and thereafter: As of September 30, 2024 ($ in millions) Undiscounted Remainder of 2024 $ 25 2025 76 2026 50 2027 26 2028 11 2029 6 Thereafter 9 Total operating lease payments $ 203

Lease Obligations - Lessee

Lease Obligations - Lessee	9 Months Ended
Lease Obligations - Lessee	Sep. 30, 2024
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: ($ in millions) Condensed Consolidated Balance Sheets Caption September 30, December 31, Assets: Operating lease ROU assets Other assets $ 525 511 Finance lease ROU assets Bank premises and equipment 153 126 Total ROU assets (a) $ 678 637 Liabilities: Operating lease liabilities Accrued taxes, interest and expenses $ 609 601 Finance lease liabilities Long-term debt 166 134 Total lease liabilities $ 775 735 (a) Operating and finance lease ROU assets are recorded net of accumulated amortization of $328 and $58, respectively, as of September 30, 2024, and $292 and $77, respectively, as of December 31, 2023. The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the nine months ended 2024 2023 2024 2023 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 5 5 16 15 Interest on lease liabilities Interest on long-term debt 2 1 4 3 Total finance lease costs $ 7 6 20 18 Operating lease cost Net occupancy expense $ 23 22 66 65 Short-term lease cost Net occupancy expense — 1 1 2 Variable lease cost Net occupancy expense 7 7 21 22 Sublease income Net occupancy expense (1) (1) (2) (2) Total operating lease costs $ 29 29 86 87 Total lease costs $ 36 35 106 105 The Bancorp performs impairment assessments for ROU assets when events or changes in circumstances indicate that their carrying values may not be recoverable. In addition to the lease costs disclosed in the table above, the Bancorp recognized an immaterial amount and $1 million of impairment losses and termination charges for the ROU assets related to certain operating leases during the three months ended September 30, 2024 and 2023, respectively, and an immaterial amount and $2 million during the nine months ended September 30, 2024 and 2023, respectively. The recognized losses were recorded in net occupancy expense in the Condensed Consolidated Statements of Income. The following table presents undiscounted cash flows for both operating leases and finance leases for the remainder of 2024 through 2029 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of September 30, 2024 ($ in millions) Operating Finance Total Remainder of 2024 $ 32 6 38 2025 93 23 116 2026 84 22 106 2027 76 21 97 2028 68 21 89 2029 58 11 69 Thereafter 381 104 485 Total undiscounted cash flows $ 792 208 1,000 Less: Difference between undiscounted cash flows and discounted cash flows 183 42 225 Present value of lease liabilities $ 609 166 775 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: September 30, December 31, Weighted-average remaining lease term (years): Operating leases 11.47 11.07 Finance leases 12.69 15.21 Weighted-average discount rate: Operating leases 4.05 % 3.72 Finance leases 3.78 3.02 The following table presents information related to lease transactions for the nine months ended September 30: ($ in millions) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 71 68 Operating cash flows from finance leases 4 3 Financing cash flows from finance leases 14 12 Gains on sale-leaseback transactions — 1 (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: ($ in millions) Condensed Consolidated Balance Sheets Caption September 30, December 31, Assets: Operating lease ROU assets Other assets $ 525 511 Finance lease ROU assets Bank premises and equipment 153 126 Total ROU assets (a) $ 678 637 Liabilities: Operating lease liabilities Accrued taxes, interest and expenses $ 609 601 Finance lease liabilities Long-term debt 166 134 Total lease liabilities $ 775 735 (a) Operating and finance lease ROU assets are recorded net of accumulated amortization of $328 and $58, respectively, as of September 30, 2024, and $292 and $77, respectively, as of December 31, 2023. The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the nine months ended 2024 2023 2024 2023 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 5 5 16 15 Interest on lease liabilities Interest on long-term debt 2 1 4 3 Total finance lease costs $ 7 6 20 18 Operating lease cost Net occupancy expense $ 23 22 66 65 Short-term lease cost Net occupancy expense — 1 1 2 Variable lease cost Net occupancy expense 7 7 21 22 Sublease income Net occupancy expense (1) (1) (2) (2) Total operating lease costs $ 29 29 86 87 Total lease costs $ 36 35 106 105 The Bancorp performs impairment assessments for ROU assets when events or changes in circumstances indicate that their carrying values may not be recoverable. In addition to the lease costs disclosed in the table above, the Bancorp recognized an immaterial amount and $1 million of impairment losses and termination charges for the ROU assets related to certain operating leases during the three months ended September 30, 2024 and 2023, respectively, and an immaterial amount and $2 million during the nine months ended September 30, 2024 and 2023, respectively. The recognized losses were recorded in net occupancy expense in the Condensed Consolidated Statements of Income. The following table presents undiscounted cash flows for both operating leases and finance leases for the remainder of 2024 through 2029 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of September 30, 2024 ($ in millions) Operating Finance Total Remainder of 2024 $ 32 6 38 2025 93 23 116 2026 84 22 106 2027 76 21 97 2028 68 21 89 2029 58 11 69 Thereafter 381 104 485 Total undiscounted cash flows $ 792 208 1,000 Less: Difference between undiscounted cash flows and discounted cash flows 183 42 225 Present value of lease liabilities $ 609 166 775 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: September 30, December 31, Weighted-average remaining lease term (years): Operating leases 11.47 11.07 Finance leases 12.69 15.21 Weighted-average discount rate: Operating leases 4.05 % 3.72 Finance leases 3.78 3.02 The following table presents information related to lease transactions for the nine months ended September 30: ($ in millions) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 71 68 Operating cash flows from finance leases 4 3 Financing cash flows from finance leases 14 12 Gains on sale-leaseback transactions — 1 (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.

Goodwill

Goodwill	9 Months Ended
Goodwill	Sep. 30, 2024
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. The Bancorp completed its annual goodwill impairment test as of September 30, 2024 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 nine months ended September 30, 2024 and the year ended December 31, 2023 were as follows: ($ in millions) Commercial Consumer and Small Business Wealth General Total Goodwill $ 3,074 2,580 226 — 5,880 Accumulated impairment losses (750) (215) — — (965) Net carrying value as of December 31, 2022 2,324 2,365 226 — 4,915 Acquisition activity — 4 — — 4 Net carrying value as of December 31, 2023 2,324 2,369 226 — 4,919 Sale of business — — (1) — (1) Net carrying value as of September 30, 2024 $ 2,324 2,369 225 — 4,918

Intangible Assets

Intangible Assets	9 Months Ended
Intangible Assets	Sep. 30, 2024
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, operating leases and non-compete agreements. Intangible assets are amortized on either a straight-line or an accelerated basis over their estimated useful lives and, based on the type of intangible asset, the amortization expense may be recorded in either leasing business revenue or other noninterest expense in the Condensed Consolidated Statements of Income. The details of the Bancorp’s intangible assets are shown in the following table: ($ in millions) Gross Carrying Accumulated Net Carrying As of September 30, 2024 Core deposit intangibles $ 206 (192) 14 Developed technology 106 (46) 60 Customer relationships 28 (9) 19 Other 13 (8) 5 Total intangible assets $ 353 (255) 98 As of December 31, 2023 Core deposit intangibles $ 209 (184) 25 Developed technology 106 (33) 73 Customer relationships 30 (10) 20 Other 16 (9) 7 Total intangible assets $ 361 (236) 125 As of September 30, 2024, all of the Bancorp’s intangible assets were being amortized. Amortization expense recognized on intangible assets was $8 million and $10 million for the three months ended September 30, 2024 and 2023, respectively, and $27 million and $33 million for the nine months ended September 30, 2024 and 2023, respectively. The Bancorp’s projections of amortization expense shown in the following table are based on existing asset balances as of September 30, 2024. Future amortization expense may vary from these projections. Estimated amortization expense for the remainder of 2024 through 2028 is as follows: ($ in millions) Total Remainder of 2024 $ 9 2025 28 2026 22 2027 14 2028 9

Variable Interest Entities

Variable Interest Entities	9 Months Ended
Variable Interest Entities	Sep. 30, 2024
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 carried on the Condensed Consolidated Balance Sheets for the consolidated VIEs as of: ($ in millions) September 30, December 31, Assets: Other short-term investments $ 50 55 Indirect secured consumer loans 1,097 1,535 Solar energy installation loans 34 38 ALLL (21) (28) Other assets 8 10 Total assets $ 1,168 1,610 Liabilities: Other liabilities $ 13 14 Long-term debt 1,008 1,409 Total liabilities $ 1,021 1,423 In a securitization transaction that occurred in August of 2023, the Bancorp transferred $1.74 billion in aggregate automobile loans to a bankruptcy remote trust which was deemed to be a VIE. This trust then issued approximately $1.58 billion of asset-backed notes, of which approximately $79 million were retained by the Bancorp. 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 Condensed Consolidated Balance Sheets related to non-consolidated VIEs for which the Bancorp holds an interest, but is not the primary beneficiary of the VIE, as well as the Bancorp’s maximum exposure to losses associated with its interests in the entities as of: September 30, 2024 ($ in millions) Total Total Maximum CDC investments $ 2,136 751 2,178 Private equity investments 268 — 484 Loans provided to VIEs 4,411 — 6,883 Lease pool entities 33 — 33 Solar loan securitizations 8 — 8 December 31, 2023 ($ in millions) Total Total Maximum CDC investments $ 2,007 690 2,054 Private equity investments 230 — 400 Loans provided to VIEs 4,274 — 6,395 Lease pool entities 42 — 42 Solar loan securitizations 9 — 9 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 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2023. 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 Condensed Consolidated Balance Sheets, and the liabilities related to the unfunded commitments, which are included in other liabilities in the Condensed 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 Condensed 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 September 30, 2024 and December 31, 2023, the Bancorp’s CDC investments included $2.0 billion and $1.6 billion, respectively, of investments in tax credit programs for which the Bancorp had elected to apply the proportional amortization method. The unfunded commitments related to these investments were $751 million and $684 million at September 30, 2024 and December 31, 2023, respectively. The unfunded commitments as of September 30, 2024 are expected to be funded from 2024 to 2040. The following table summarizes the impacts to the Condensed Consolidated Statements of Income related to these investments: Condensed Consolidated Statements of Income Caption (a) For the three months ended September 30, For the nine months ended September 30, ($ in millions) 2024 2023 2024 2023 Proportional amortization Applicable income tax expense $ 50 47 150 148 Tax credits and other benefits (b) Applicable income tax expense (67) (60) (190) (178) Changes in carrying amounts of equity method investments (c) Other noninterest expense 2 — 6 — (a) The Bancorp did not recognize impairment losses resulting from the forfeiture or ineligibility of tax credits or other circumstances during both the three and nine months ended September 30, 2024 and 2023. (b) The related cash flows are classified as operating activities in the Condensed Consolidated Statements of Cash Flows primarily in net change in other assets. (c) These amounts pertain to tax credit program investments which were accounted for under the equity method as they did not meet the qualification criteria for the proportional amortization method. Private equity investments The Bancorp invests as a limited partner in private equity investment funds which provide the Bancorp an opportunity to obtain higher rates of return on invested capital, while also providing strategic opportunities in certain cases. 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 Condensed Consolidated Balance Sheets, are presented in previous tables. Also, at September 30, 2024 and December 31, 2023, the Bancorp’s unfunded commitment amounts to the private equity funds were $216 million and $170 million, respectively. As part of previous commitments, the Bancorp made capital contributions to private equity investments of $13 million and $15 million during the three months ended September 30, 2024 and 2023, respectively, and $38 million and $36 million during the nine months ended September 30, 2024 and 2023, 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 small 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 September 30, 2024 and December 31, 2023, the Bancorp’s unfunded commitments to these entities were $2.5 billion and $2.1 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 regards 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

Sales of Receivables and Servic

Sales of Receivables and Servicing Rights	9 Months Ended
Sales of Receivables and Servicing Rights	Sep. 30, 2024
Transfers and Servicing [Abstract]
Sales of Receivables and Servicing Rights	Sales of Receivables and Servicing Rights Residential Mortgage Loan Sales The Bancorp sold fixed and adjustable-rate residential mortgage loans during the three and nine months ended September 30, 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 Condensed Consolidated Statements of Income, is as follows: For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Residential mortgage loan sales (a) $ 1,327 1,374 2,802 3,882 Origination fees and gains on loan sales 18 19 50 59 Gross mortgage servicing fees 77 79 233 241 (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 The following table presents changes in the servicing rights related to residential mortgage loans for the nine months ended September 30: ($ in millions) 2024 2023 Balance, beginning of period $ 1,737 1,746 Servicing rights originated 36 57 Servicing rights purchased — 25 Servicing rights sold (5) — Changes in fair value: Due to changes in inputs or assumptions (a) 1 107 Other changes in fair value (b) (113) (113) Balance, end of period $ 1,656 1,822 (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. This strategy may include the purchase of free-standing derivatives and various available-for-sale debt and trading debt securities. The interest income, mark-to-market adjustments and gain or loss from sale activities associated with these portfolios are expected to economically hedge a portion of the change in value of the MSR portfolio caused by fluctuating OAS, earnings rates and prepayment speeds. The fair value of the servicing asset is based on the present value of expected future cash flows. The following table presents activity related to valuations of the MSR portfolio and the impact of the non-qualifying hedging strategy: For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio (a) $ 45 (75) (17) (110) MSR fair value adjustment due to changes in inputs or assumptions (a) (49) 73 1 107 (a) Included in mortgage banking net revenue in the Condensed Consolidated Statements of Income. The key economic assumptions used in measuring the servicing rights related to residential mortgage loans that continued to be held by the Bancorp at the date of sale, securitization or purchase resulting from transactions completed during the three months ended September 30, 2024 and 2023 were as follows: September 30, 2024 September 30, 2023 Weighted- Prepayment OAS Weighted- Prepayment OAS Fixed-rate 5.8 15.4 % 494 6.6 12.2 % 575 At September 30, 2024 and December 31, 2023, the Bancorp serviced $95.8 billion and $100.8 billion, respectively, of residential mortgage loans for other investors. The value of MSRs that continue to be held by the Bancorp is subject to credit, prepayment and interest rate risks on the sold financial assets. The weighted-average coupon of the MSR portfolio was 3.78% and 3.72% at September 30, 2024 and December 31, 2023, respectively. At September 30, 2024, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows: ($ in millions) (a) Prepayment OAS Fair Value Weighted- Impact of Adverse Change OAS Impact of Adverse Change on Fair Value Rate 10% 20% 50% 10% 20% Fixed-rate $ 1,653 8.4 6.7 % $ (37) (74) (175) 470 $ (35) (69) Adjustable-rate 3 3.9 22.0 — — (1) 696 — — (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.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
Derivative Financial Instruments	Sep. 30, 2024
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 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 Condensed Consolidated Balance Sheets while derivative instruments with a negative fair value are reported in other liabilities in the Condensed 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. 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 September 30, 2024 and December 31, 2023, the balance of collateral held by the Bancorp for derivative assets was $728 million and $1.3 billion, 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 $437 million and $587 million as of September 30, 2024 and December 31, 2023, respectively, were applied to reduce the respective derivative contracts and were also not included in the total amount of collateral held. As of September 30, 2024 and December 31, 2023, the credit component negatively impacting the fair value of derivative assets associated with customer accommodation contracts was $8 million and $7 million, respectively. As of September 30, 2024 and December 31, 2023, 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 $1.2 billion and $1.1 billion, respectively. Additionally, as of September 30, 2024 and December 31, 2023, $437 million and $721 million, respectively, of variation margin payments were applied to the respective derivative contracts to reduce the Bancorp’s derivative liabilities and were also not included in the total amount of collateral posted. Certain of the Bancorp’s derivative liabilities contain credit risk-related contingent features that could result in the requirement to post additional collateral upon the occurrence of specified events. As of both September 30, 2024 and December 31, 2023, the fair value of the additional collateral that could be required to be posted as a result of the credit risk-related contingent features being triggered was immaterial to the Bancorp’s Condensed Consolidated Financial Statements. The posting of collateral has been determined to remove the need for further consideration of credit risk. As a result, the Bancorp determined that the impact of the Bancorp’s credit risk to the valuation of its derivative liabilities was immaterial to the Bancorp’s Condensed Consolidated Financial Statements. The Bancorp holds certain derivative instruments that qualify for hedge accounting treatment and are designated as either fair value hedges or cash flow hedges. Derivative instruments that do not qualify for hedge accounting treatment, or for which hedge accounting is not established, are held as free-standing derivatives. All customer accommodation derivatives are held as free-standing derivatives. The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of: Fair Value September 30, 2024 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 5,955 — 27 Total fair value hedges — 27 Cash flow hedges: Interest rate floors related to C&I loans 3,000 — — Interest rate swaps related to C&I loans 8,000 — 10 Interest rate swaps related to C&I loans - forward starting (a) 4,000 — — Interest rate swaps related to commercial mortgage and commercial construction loans - forward starting (a) 4,000 — — Total cash flow hedges — 10 Total derivatives designated as qualifying hedging instruments — 37 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives – risk management and other business purposes: Interest rate contracts related to MSR portfolio 3,505 11 1 Forward contracts related to residential mortgage loans measured at fair value (b) 1,040 1 4 Swap associated with the sale of Visa, Inc. Class B Shares 2,206 — 196 Foreign exchange contracts 175 — — Interest-only strips 32 1 — Interest rate contracts for collateral management 1,000 — — Interest rate contracts for LIBOR transition 597 — — Other 41 — — Total free-standing derivatives – risk management and other business purposes 13 201 Free-standing derivatives – customer accommodation: Interest rate contracts (c)(d) 89,233 628 777 Interest rate lock commitments 398 6 — Commodity contracts 16,977 712 702 TBA securities 17 — — Foreign exchange contracts 38,815 739 710 Total free-standing derivatives – customer accommodation 2,085 2,189 Total derivatives not designated as qualifying hedging instruments 2,098 2,390 Total $ 2,098 2,427 (a) Forward starting swaps will become effective on various dates between December 2024 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 $190 and $49, respectively. (d) Includes replacement contracts with a notional amount of approximately $675 million which were the result of certain central clearing parties replacing existing LIBOR-based contracts with multiple separate contracts as part of the LIBOR transition. Fair Value December 31, 2023 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 5,955 — 32 Total fair value hedges — 32 Cash flow hedges: Interest rate floors related to C&I loans 3,000 1 — Interest rate swaps related to C&I loans 8,000 2 11 Interest rate swaps related to C&I loans - forward starting (a) 6,000 6 1 Interest rate swaps related to commercial mortgage and commercial construction loans - forward starting (a) 4,000 1 1 Total cash flow hedges 10 13 Total derivatives designated as qualifying hedging instruments 10 45 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives – risk management and other business purposes: Interest rate contracts related to MSR portfolio 3,205 81 — Forward contracts related to residential mortgage loans measured at fair value (b) 650 — 5 Swap associated with the sale of Visa, Inc. Class B Shares 4,178 — 168 Foreign exchange contracts 190 — 4 Interest-only strips 39 1 — Interest rate contracts for collateral management 5,000 1 1 Interest rate contracts for LIBOR transition 597 — — Other 30 — — Total free-standing derivatives – risk management and other business purposes 83 178 Free-standing derivatives – customer accommodation: Interest rate contracts (c)(d) 95,079 885 1,162 Interest rate lock commitments 252 5 — Commodity contracts 17,621 1,051 1,018 TBA securities 27 — — Foreign exchange contracts 37,734 643 596 Total free-standing derivatives – customer accommodation 2,584 2,776 Total derivatives not designated as qualifying hedging instruments 2,667 2,954 Total $ 2,677 2,999 (a) Forward starting swaps will become effective on various dates between June 2024 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 $335 and $58, respectively. (d) Includes replacement contracts with a notional amount of approximately $675 million which were the result of certain central clearing parties replacing existing LIBOR-based contracts with multiple separate contracts as part of the LIBOR transition. Fair Value Hedges The Bancorp may enter into interest rate swaps to convert its fixed-rate funding to floating-rate or to hedge the exposure to changes in fair value of a recognized asset attributable to changes in the benchmark interest rate. Decisions to enter into these interest rate swaps are made primarily through consideration of the asset/liability mix of the Bancorp, the desired asset/liability sensitivity and interest rate levels. As of September 30, 2024, certain interest rate swaps met the criteria required to qualify for the shortcut method of accounting that permits the assumption of perfect offset. For all designated fair value hedges of interest rate risk as of September 30, 2024 that were not accounted for under the shortcut method of accounting, the Bancorp performed an assessment of hedge effectiveness using regression analysis with changes in the fair value of the derivative instrument and changes in the fair value of the hedged asset or liability attributable to the hedged risk recorded in the same income statement line in current period net income. The following table reflects the changes in fair value of interest rate contracts, designated as fair value hedges and the changes in fair value of the related hedged items attributable to the risk being hedged, as well as the line items in the Condensed Consolidated Statements of Income in which the corresponding gains or losses are recorded: Condensed Consolidated For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Long-term debt: Change in fair value of interest rate swaps hedging long-term debt Interest on long-term debt $ 190 (147) 76 (186) Change in fair value of hedged long-term debt attributable to the risk being hedged Interest on long-term debt (190) 146 (76) 188 The following amounts were recorded in the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of: ($ in millions) Condensed Consolidated September 30, December 31, Long-term debt: Carrying amount of the hedged items Long-term debt $ 5,977 5,899 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Long-term debt 38 (38) 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 (10) (11) 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 September 30, 2024, 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 September 30, 2024, the maximum length of time over which the Bancorp is hedging its exposure to the variability in future cash flows is 88 months. Reclassified gains and losses on interest rate contracts related to commercial loans are recorded within interest income in the Condensed Consolidated Statements of Income. As of September 30, 2024 and December 31, 2023, respectively, $186 million and $372 million of net deferred losses, net of tax, on cash flow hedges were recorded in AOCI in the Condensed Consolidated Balance Sheets. As of September 30, 2024, $111 million in net unrealized losses, net of tax, recorded in AOCI are expected to be reclassified into earnings during the next 12 months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations or the addition of other hedges subsequent to September 30, 2024. During both the three and nine months ended September 30, 2024 and 2023, there were no gains or losses reclassified from AOCI into earnings associated with the discontinuance of cash flow hedges because it was probable that the original forecasted transaction would no longer occur by the end of the originally specified time period or within the additional period of time as defined by U.S. GAAP. The following table presents the pre-tax net (losses) gains recorded in the Condensed Consolidated Statements of Income and in the Condensed Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges: For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Amount of pre-tax net (losses) gains recognized in OCI $ 530 (687) (29) (864) Amount of pre-tax net losses reclassified from OCI into net income (91) (94) (270) (240) 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 Condensed 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 23 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. As part of the LIBOR to SOFR transition, the Bancorp received certain interest rate swap contracts from the two central clearing parties that have moved from an Effective Federal Funds Rate discounting curve to a SOFR discounting curve. The purpose of these interest rate swaps was to neutralize the impact on collateral requirements due to the change in discounting curves implemented by the central clearing parties. The net (losses) gains recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table: Condensed Consolidated For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Interest rate contracts: Interest rate contracts related to MSR portfolio Mortgage banking net revenue $ 45 (75) (17) (110) Forward contracts related to residential mortgage loans measured at fair value Mortgage banking net revenue (7) 6 (1) 9 Interest-only strips Other noninterest income — — — (3) Foreign exchange contracts: Foreign exchange contracts for risk management purposes Other noninterest income (1) 5 5 1 Equity contracts: Swap associated with sale of Visa, Inc. Class B Shares Other noninterest income (47) (10) (87) (72) 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 Condensed 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 commercial banking revenue or other noninterest income in the Condensed 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 $3.3 billion and $3.6 billion at September 30, 2024 and December 31, 2023, respectively, and the fair value was a liability of $5 million and $6 million at September 30, 2024 and December 31, 2023, respectively, which is included in other liabilities in the Condensed Consolidated Balance Sheets. As of September 30, 2024, the risk participation agreements had a weighted-average remaining life of 2.2 years. The Bancorp’s maximum exposure in the risk participation agreements is contingent on the fair value of the underlying interest rate derivative contracts in an asset position at the time of default. The Bancorp monitors the credit risk associated with the underlying customers in the risk participation agreements through the same risk grading system currently utilized for establishing loss reserves in its loan and lease portfolio. Risk ratings of the notional amount of risk participation agreements under this risk rating system are summarized in the following table as of: ($ in millions) September 30, December 31, Pass $ 3,026 3,168 Special mention 149 323 Substandard 95 72 Total $ 3,270 3,563 The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table: Condensed Consolidated For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Interest rate contracts: Interest rate contracts for customers (contract revenue) Commercial banking revenue $ 9 5 20 26 Interest rate contracts for customers (credit portion of fair value adjustment) Other noninterest expense (4) 4 — 2 Interest rate lock commitments Mortgage banking net revenue 17 7 37 33 Commodity contracts: Commodity contracts for customers (contract revenue) Commercial banking revenue 3 9 11 30 Commodity contracts for customers (credit portion of fair value adjustment) Other noninterest expense — 1 1 — Foreign exchange contracts: Foreign exchange contracts for customers (contract revenue) Commercial banking revenue 18 24 57 67 Foreign exchange contracts for customers (contract revenue) Other noninterest income (16) 7 (13) — Foreign exchange contracts for customers (credit portion of fair value adjustment) Other noninterest expense — 1 — 3 Offsetting Derivative Financial Instruments The Bancorp’s derivative transactions are generally governed by ISDA Master Agreements and similar arrangements, which include provisions governing the setoff of assets and liabilities between the parties. When the Bancorp has more than one outstanding derivative transaction with a single counterparty, the setoff provisions contained within these agreements generally allow the non-defaulting party the right to reduce its liability to the defaulting party by amounts eligible for setoff, including the collateral received as well as eligible offsetting transactions with that counterparty, irrespective of the currency, place of payment or booking office. The Bancorp’s policy is to present its derivative assets and derivative liabilities on the Condensed Consolidated Balance Sheets on a gross basis, even when provisions allowing for setoff are in place. However, for derivative contracts cleared through certain central clearing parties who have modified their rules to treat variation margin payments as settlements, the fair value of the respective derivative contracts is reported net of the variation margin payments. Collateral amounts included in the tables below consist primarily of cash and highly rated government-backed securities and do not include variation margin payments for derivative contracts with legal rights of setoff for both periods shown. The following table provides a summary of offsetting derivative financial instruments: Gross Amount Recognized in the Condensed Consolidated Balance Sheets (a) Gross Amounts Not Offset in the Derivatives Collateral (b) Net Amount As of September 30, 2024 Derivative assets $ 2,092 (1,178) (251) 663 Derivative liabilities 2,427 (1,178) (231) 1,018 As of December 31, 2023 Derivative assets $ 2,672 (1,031) (877) 764 Derivative liabilities 2,999 (1,031) (159) 1,809 (a) Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements. (b) Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Condensed Consolidated Balance Sheets were excluded from this table.

Other Short-Term Borrowings

Other Short-Term Borrowings	9 Months Ended
Other Short-Term Borrowings	Sep. 30, 2024
Short-Term Debt [Abstract]
Other Short-Term Borrowings	Other Short-Term Borrowings Borrowings with original maturities of one year or less are classified as short-term. The following table presents a summary of the Bancorp’s other short-term borrowings as of: ($ in millions) September 30, December 31, FHLB advances $ 1,000 2,500 Securities sold under repurchase agreements 321 330 Derivative collateral 57 3 Other borrowed money 46 28 Total other short-term borrowings $ 1,424 2,861 The Bancorp’s securities sold under repurchase agreements are accounted for as secured borrowings and are collateralized by securities included in available-for-sale debt and other securities and held-to-maturity securities in the Condensed Consolidated Balance Sheets. These securities are subject to changes in market value and, therefore, the Bancorp may increase or decrease the level of securities pledged as collateral based upon these movements in market value. As of both September 30, 2024 and December 31, 2023, 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 September 30, 2024

Long-Term Debt

Long-Term Debt	9 Months Ended
Long-Term Debt	Sep. 30, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt 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.

Capital Actions

Capital Actions	9 Months Ended
Capital Actions	Sep. 30, 2024
Equity [Abstract]
Capital Actions	Capital Actions Accelerated Share Repurchase Transactions During the nine months ended September 30, 2024, the Bancorp entered into and settled accelerated share repurchase transactions. 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 nine months ended September 30, 2024: Repurchase Date Amount Shares Repurchased on Repurchase Date Shares Received from Forward Contract Settlement Total Shares Repurchased Final Settlement Date June 12, 2024 $ 125 3,011,621 496,767 3,508,388 June 27, 2024 July 23, 2024 200 4,160,548 713,340 4,873,888 August 5, 2024 For further information on a subsequent event related to capital actions, refer to Note 25.

Commitments, Contingent Liabili

Commitments, Contingent Liabilities and Guarantees	9 Months Ended
Commitments, Contingent Liabilities and Guarantees	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingent Liabilities and Guarantees	Commitments, Contingent Liabilities and Guarantees The Bancorp, in the normal course of business, enters into financial instruments and various agreements to meet the financing needs of its customers. The Bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks, provide funding, equipment and locations for its operations and invest in its communities. These instruments and agreements involve, to varying degrees, elements of credit risk, counterparty risk and market risk in excess of the amounts recognized in the Condensed Consolidated Balance Sheets. The creditworthiness of counterparties for all instruments and agreements is evaluated on a case-by-case basis in accordance with the Bancorp’s credit policies. The Bancorp’s significant commitments, contingent liabilities and guarantees in excess of the amounts recognized in the Condensed Consolidated Balance Sheets are discussed in the following sections. Commitments The Bancorp has certain commitments to make future payments under contracts. The following table reflects a summary of significant commitments as of: ($ in millions) September 30, December 31, Commitments to extend credit $ 80,299 81,570 Letters of credit 1,998 2,095 Forward contracts related to residential mortgage loans measured at fair value 1,040 650 Capital commitments for private equity investments 216 170 Capital expenditures 100 95 Purchase obligations 36 69 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 September 30, 2024 and December 31, 2023, the Bancorp had a reserve for unfunded commitments, including letters of credit, totaling $138 million and $166 million, respectively, included in other liabilities in the Condensed Consolidated Balance Sheets. The Bancorp monitors the credit risk associated with commitments to extend credit using the same standard regulatory risk rating systems utilized for its loan and lease portfolio. Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of: ($ in millions) September 30, December 31, Pass $ 78,274 79,593 Special mention 836 1,301 Substandard 1,188 676 Doubtful 1 — Total commitments to extend credit $ 80,299 81,570 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 September 30, 2024: ($ in millions) Less than 1 year (a) $ 688 1 - 5 years (a) 1,270 Over 5 years 40 Total letters of credit $ 1,998 (a) Includes $1 and $2 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 September 30, 2024 and December 31, 2023 and are considered guarantees in accordance with U.S. GAAP. Approximately 75% and 72% of the total standby letters of credit were collateralized as of September 30, 2024 and December 31, 2023, 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 $15 million and $20 million at September 30, 2024 and December 31, 2023, respectively. The Bancorp monitors the credit risk associated with letters of credit using the same standard regulatory risk rating systems utilized for its loan and lease portfolio. Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of: ($ in millions) September 30, December 31, Pass $ 1,798 1,902 Special mention 75 81 Substandard 122 112 Doubtful 3 — Total letters of credit $ 1,998 2,095 At September 30, 2024 and December 31, 2023, the Bancorp had outstanding letters of credit that were supporting certain securities issued as VRDNs. The Bancorp facilitates financing for its commercial customers, which consist of companies and municipalities, by marketing the VRDNs to investors. The VRDNs pay interest to holders at a rate of interest that fluctuates based upon market demand. The VRDNs generally have long-term maturity dates, but can be tendered by the holder for purchase at par value upon proper advance notice. When the VRDNs are tendered, a remarketing agent generally finds another investor to purchase the VRDNs to keep the securities outstanding in the market. As of September 30, 2024 and December 31, 2023, total VRDNs, of which FTS was the remarketing agent for all, were $365 million and $400 million, respectively. As remarketing agent, FTS is responsible for actively remarketing VRDNs to other investors when they have been tendered. If another investor is not identified, FTS may choose to purchase the VRDNs into inventory at its discretion while it continues to remarket them. If FTS purchases the VRDNs into inventory, it can subsequently tender back the VRDNs to the issuer’s trustee with proper advance notice. The Bancorp issued letters of credit, as a credit enhancement, to $53 million and $83 million of the VRDNs remarketed by FTS at September 30, 2024 and December 31, 2023, respectively. These letters of credit are included in the total letters of credit balance provided in the previous tables. The Bancorp held an immaterial amount and $6 million of these VRDNs in its portfolio and classified them as trading debt securities at September 30, 2024 and December 31, 2023, respectively. 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 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2023. As of September 30, 2024 and December 31, 2023, the Bancorp maintained reserves related to loans sold with representation and warranty provisions totaling $6 million and $7 million, respectively, included in other liabilities in the Condensed Consolidated Balance Sheets. The Bancorp uses the best information available when estimating its mortgage representation and warranty reserve; however, the estimation process is inherently uncertain and imprecise and, accordingly, losses in excess of the amounts reserved as of September 30, 2024 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 $9 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 three months ended September 30, 2024 and 2023, the Bancorp paid an immaterial amount in the form of make-whole payments and repurchased $2 million and $13 million, respectively, in outstanding principal of loans to satisfy investor demands. For both the nine months ended September 30, 2024 and 2023, the Bancorp paid an immaterial amount in the form of make-whole payments and repurchased $17 million and $46 million, respectively, in outstanding principal of loans to satisfy investor demands. Total repurchase demand requests during the three months ended September 30, 2024 and 2023 were $8 million and $16 million, respectively. Total repurchase demand requests during the nine months ended September 30, 2024 and 2023 were $36 million and $76 million, respectively. Total outstanding repurchase demand inventory was $7 million and $8 million at September 30, 2024 and December 31, 2023, 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 $6 million at September 30, 2024 and December 31, 2023, 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 September 30, 2024 and December 31, 2023. 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 will allow 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 23 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 September 30, 2024, 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 $196 million at September 30, 2024 and $168 million at December 31, 2023. Refer to Note 14 and Note 23 for further information. After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows: Period ($ in millions) Visa Bancorp Cash Q2 2010 $ 500 20 Q4 2010 800 35 Q2 2011 400 19 Q1 2012 1,565 75 Q3 2012 150 6 Q3 2014 450 18 Q2 2018 600 26 Q3 2019 300 12 Q4 2021 250 11 Q2 2022 600 25 Q4 2022 350 15 Q2 2023 500 21 Q3 2023 150 6 Q3 2024 1,500 (a) (a) The Bancorp made a cash payment of $65 million to the swap counterparty on October 23, 2024 as a result of the Visa escrow funding in the third quarter of 2024.

Legal and Regulatory Proceeding

Legal and Regulatory Proceedings	9 Months Ended
Legal and Regulatory Proceedings	Sep. 30, 2024
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. In October 2012, the parties to the litigation entered into a settlement agreement that was initially approved by the trial court but reversed by the U.S. Second Circuit Court of Appeals and remanded to the district court for further proceedings. 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. While the Bancorp is only named as a defendant in one of the individual federal lawsuits, it may have obligations 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 second settlement agreement (the “Amended Settlement Agreement”) resolving the claims seeking monetary damages by the proposed plaintiffs’ class (the “Plaintiff Damages Class”) and superseding the original settlement agreement entered into in October 2012. The Amended Settlement Agreement included, among other terms, a release from participating class members for liability for claims that accrue no later than five years after the Amended Settlement Agreement becomes final. The Amended Settlement Agreement provided for a total payment by all defendants of approximately $6.24 billion, composed of approximately $5.34 billion held in escrow plus an additional $900 million in new funds. Pursuant to the terms of the Settlement Agreement, $700 million of the additional $900 million has been returned to the defendants due to the level of opt-outs from the class. The Bancorp’s allocated share of the settlement is within existing reserves, including funds maintained in escrow. 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. On September 27, 2021, the Court entered an order certifying a class of merchants pursuing claims for injunctive relief. On March 26, 2024, Plaintiffs filed a motion seeking preliminary approval of a settlement that would resolve class claims for injunctive relief. On June 13, 2024, the Court held a hearing on Plaintiffs’ motion for preliminary approval of the injunctive relief settlement, and on June 25, 2024, the Court issued an order denying the request for preliminary approval of the settlement. 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. Early Access is a deposit-advance program offered to eligible customers with checking accounts. The plaintiffs sought to represent a nationwide class of customers who used the Early Access program and repaid their cash advances within 30 days. On October 31, 2012, the case was transferred to the United States District Court for the Southern District of Ohio. In 2013, four similar putative class action lawsuits were filed against Fifth Third Bank in federal courts throughout the country (Lori and Danielle Laskaris v. Fifth Third Bank, Janet Fyock v. Fifth Third Bank, Jesse McQuillen v. Fifth Third Bank, and Brian Harrison v. Fifth Third Bank). 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. On March 30, 2015, the court dismissed all claims alleged in the consolidated lawsuit except a claim under the TILA. On May 28, 2019, the Sixth Circuit Court of Appeals reversed the dismissal of plaintiffs’ breach of contract claim and remanded for further proceedings. 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 judgement 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 beginning on April 17, 2023. 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. Bureau of Consumer Financial Protection v. Fifth Third Bank, National Association On March 9, 2020, the CFPB filed a lawsuit against Fifth Third in the United States District Court for the Northern District of Illinois entitled CFPB v. Fifth Third Bank, National Association, Case No. 1:20-CV-1683, alleging violations of the Consumer Financial Protection Act, TILA, and Truth in Savings Act related to Fifth Third’s alleged opening of unspecified numbers of allegedly unauthorized credit card, savings, checking, online banking and early access accounts from 2010 through 2016. The parties agreed to the entry of a Stipulated Final Judgment and Order on July 9, 2024 to resolve this matter, pursuant to which Fifth Third, without admitting or denying any of the allegations in the suit except as specified in the order, agreed to pay a civil monetary penalty of $15 million, agreed to maintain existing policies around its consumer sales incentives, agreed to create a compliance plan to ensure its account opening practices comply with law and the order and agreed to provide a redress plan to remediate certain customers with checking, savings, or credit card accounts opened beginning January 1, 2010 and ending December 31, 2016. Concurrently with the Stipulated Final Judgment and Order, Fifth Third, without admitting or denying any of the findings of fact or conclusions of law (except to establish jurisdiction), has also agreed to entry of a Consent Order related to a since-discontinued program in its auto lending business that placed collateral protection insurance (CPI) on certain auto loans. Under the Consent Order, Fifth Third has agreed to pay a $5 million civil monetary penalty related to those issues, maintain existing policy changes related to its auto servicing practices, agreed to create a compliance plan to ensure its compliance with the order and provide a redress plan to remediate certain customers within a redress period beginning July 21, 2011 and ending December 31, 2020. 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, damages proved at trial together with interest as allowed by applicable law. Fifth Third filed a motion to dismiss all claims. 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 currently responding to lawsuits regarding bankruptcies and practices of residential solar installers as well as lending practices of credit providers to this market, which includes Dividend Solar Finance, LLC, which the Bank acquired in May 2022. 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. Record-Keeping Investigations The Commodity Futures Trading Commission is conducting an investigation into the Bancorp’s registered swap dealer concerning compliance with certain record-keeping requirements for business-related electronic communications. 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, 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 Bank, National Association is currently cooperating with investigations related to several civil investigative demands by a number of state attorneys general regarding the residential solar installation industry and lending practices of credit providers to this market, which includes Dividend Solar Finance, LLC, which the Bank acquired in May 2022. Among these are investigations related to multiple lenders by a coalition of 17 state attorneys general relating to the Chapter 7 bankruptcy filing of one such installer, Power Home Solar, LLC, dba Pink Energy. Dividend Solar Finance, LLC financed installations of Power Home Solar, LLC customers in 11 of the 17 states represented by the coalition. 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 $74 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.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The applicable income tax expense was $155 million and $186 million for the three months ended September 30, 2024 and 2023, respectively, and $457 million and $519 million for the nine months ended September 30, 2024 and 2023, respectively. The effective tax rates for the three months ended September 30, 2024 and 2023 were 21.3% and 22.0%, respectively, and 21.3% and 22.2% for the nine months ended September 30, 2024 and 2023, respectively. While it is reasonably possible that the amount of the unrecognized tax benefits with respect to certain of the Bancorp’s uncertain tax positions could increase or decrease during the next twelve months, the Bancorp believes it is unlikely that its unrecognized tax benefits will change by a material amount during the next twelve months.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
Accumulated Other Comprehensive Income	Sep. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The tables below present the activity of the components of OCI and AOCI for the three months ended: Total OCI Total AOCI September 30, 2024 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding gains on available-for-sale debt securities arising during period $ 1,241 (297) 944 Reclassification adjustment for net losses on available-for-sale debt securities included in net income 11 (2) 9 Net unrealized losses on available-for-sale debt securities 1,252 (299) 953 (3,486) 953 (2,533) Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income 33 (7) 26 Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities 33 (7) 26 (735) 26 (709) Unrealized holding gains on cash flow hedge derivatives arising during period 530 (127) 403 Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 91 (21) 70 Net unrealized losses on cash flow hedge derivatives 621 (148) 473 (659) 473 (186) Reclassification of amounts to net periodic benefit costs 1 — 1 Defined benefit pension plans, net 1 — 1 (17) 1 (16) Other 2 — 2 (4) 2 (2) Total $ 1,909 (454) 1,455 (4,901) 1,455 (3,446) Total OCI Total AOCI September 30, 2023 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding losses on available-for-sale debt securities arising during period $ (1,594) 376 (1,218) Reclassification adjustment for net losses on available-for-sale debt securities included in net income — — — Net unrealized losses on available-for-sale debt securities (1,594) 376 (1,218) (4,622) (1,218) (5,840) Unrealized holding losses on cash flow hedge derivatives arising during period (687) 160 (527) Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 94 (22) 72 Net unrealized losses on cash flow hedge derivatives (593) 138 (455) (522) (455) (977) Reclassification of amounts to net periodic benefit costs — — — Defined benefit pension plans, net — — — (18) — (18) Other — — — (4) — (4) Total $ (2,187) 514 (1,673) (5,166) (1,673) (6,839) The tables below present the activity of the components of OCI and AOCI for the nine months ended: Total OCI Total AOCI September 30, 2024 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding gains on available-for-sale debt securities arising during period $ 1,001 (238) 763 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 17 (4) 13 Net unrealized losses on available-for-sale debt securities 2,012 (451) 1,561 (4,094) 1,561 (2,533) 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 income 97 (21) 76 Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities (897) 188 (709) — (709) (709) Unrealized holding losses on cash flow hedge derivatives arising during period (29) 7 (22) Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 270 (62) 208 Net unrealized losses on cash flow hedge derivatives 241 (55) 186 (372) 186 (186) Reclassification of amounts to net periodic benefit costs 1 — 1 Defined benefit pension plans, net 1 — 1 (17) 1 (16) Other 2 — 2 (4) 2 (2) Total $ 1,359 (318) 1,041 (4,487) 1,041 (3,446) Total OCI Total AOCI September 30, 2023 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding losses on available-for-sale debt securities arising during period $ (1,638) 386 (1,252) 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 securities (1,637) 386 (1,251) (4,589) (1,251) (5,840) Unrealized holding losses on cash flow hedge derivatives arising during period (864) 200 (664) Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 240 (55) 185 Net unrealized losses on cash flow hedge derivatives (624) 145 (479) (498) (479) (977) Reclassification of amounts to net periodic benefit costs 1 — 1 Defined benefit pension plans, net 1 — 1 (19) 1 (18) Other — — — (4) — (4) Total $ (2,260) 531 (1,729) (5,110) (1,729) (6,839) The table below presents reclassifications out of AOCI: Condensed Consolidated Statements of Income Caption For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Net unrealized losses on available-for-sale debt securities: (a) Net losses included in net income Securities gains (losses), net $ (11) — (17) (1) Income before income taxes (11) — (17) (1) Applicable income tax expense 2 — 4 — Net income (9) — (13) (1) Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities: (a) Net losses included in net income Interest on securities (33) — (97) — Income before income taxes (33) — (97) — Applicable income tax expense 7 — 21 — Net income (26) — (76) — Net unrealized losses on cash flow hedge derivatives: (a) Interest rate contracts related to C&I, commercial mortgage and commercial construction loans Interest and fees on loans and leases (91) (94) (270) (240) Income before income taxes (91) (94) (270) (240) Applicable income tax expense 21 22 62 55 Net income (70) (72) (208) (185) Net periodic benefit costs: (a) Amortization of net actuarial loss Compensation and benefits (b) (1) — (1) (2) Income before income taxes (1) — (1) (1) Applicable income tax expense — — — — Net income (1) — (1) (1) Other: (a) Net losses included in net income Other noninterest expense (2) — (2) — Income before income taxes (2) — (2) — Applicable income tax expense — — — — Net income (2) — (2) — Total reclassifications for the period Net income $ (108) (72) (300) (187) (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 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2023 for further information.

Earnings Per Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table provides the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share: For the three months ended For the nine months ended ($ in millions, except per share data) 2024 2023 2024 2023 Net income available to common shareholders $ 532 623 $ 1,573 1,719 Average common shares outstanding - basic 681 684 684 684 Effect of dilutive stock-based awards 5 3 5 4 Average common shares outstanding - diluted $ 686 687 $ 689 688 Earnings per share - basic $ 0.78 0.91 $ 2.30 2.51 Earnings per share - diluted 0.78 0.91 2.28 2.50 Anti-dilutive stock-based awards excluded from diluted shares 1 6 2 6

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Bancorp measures certain financial assets and liabilities at fair value in accordance with U.S. GAAP, which defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP also establishes a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the instrument’s fair value measurement. For more information regarding the fair value hierarchy, refer to Note 1 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2023. 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 September 30, 2024 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 4,350 — — 4,350 Obligations of states and political subdivisions securities — — — — Mortgage-backed securities: Agency residential mortgage-backed securities — 5,017 — 5,017 Agency commercial mortgage-backed securities — 21,719 — 21,719 Non-agency commercial mortgage-backed securities — 4,399 — 4,399 Asset-backed securities and other debt securities — 4,134 — 4,134 Available-for-sale debt and other securities (a) 4,350 35,269 — 39,619 Trading debt securities: U.S. Treasury and federal agencies securities 596 23 — 619 Obligations of states and political subdivisions securities — 86 — 86 Agency residential mortgage-backed securities — 12 — 12 Asset-backed securities and other debt securities — 459 — 459 Trading debt securities 596 580 — 1,176 Equity securities 394 34 — 428 Residential mortgage loans held for sale — 512 — 512 Residential mortgage loans (b) — — 114 114 Servicing rights — — 1,656 1,656 Derivative assets: Interest rate contracts 2 638 7 647 Foreign exchange contracts — 739 — 739 Commodity contracts 152 560 — 712 Derivative assets (c) 154 1,937 7 2,098 Total assets $ 5,494 38,332 1,777 45,603 Liabilities: Derivative liabilities: Interest rate contracts $ 4 810 5 819 Foreign exchange contracts — 710 — 710 Equity contracts — — 196 196 Commodity contracts 30 672 — 702 Derivative liabilities (d) 34 2,192 201 2,427 Short positions: U.S. Treasury and federal agencies securities 81 1 — 82 Asset-backed securities and other debt securities — 149 — 149 Short positions (d) 81 150 — 231 Total liabilities $ 115 2,342 201 2,658 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $275, $499 and $3, respectively, at September 30, 2024. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets. Fair Value Measurements Using December 31, 2023 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 4,336 — — 4,336 Obligations of states and political subdivisions securities — 2 — 2 Mortgage-backed securities: Agency residential mortgage-backed securities — 10,282 — 10,282 Agency commercial mortgage-backed securities — 25,720 — 25,720 Non-agency commercial mortgage-backed securities — 4,445 — 4,445 Asset-backed securities and other debt securities — 4,912 — 4,912 Available-for-sale debt and other securities (a) 4,336 45,361 — 49,697 Trading debt securities: U.S. Treasury and federal agencies securities 640 7 — 647 Obligations of states and political subdivisions securities — 39 — 39 Agency residential mortgage-backed securities — 6 — 6 Asset-backed securities and other debt securities — 207 — 207 Trading debt securities 640 259 — 899 Equity securities 600 13 — 613 Residential mortgage loans held for sale — 334 — 334 Residential mortgage loans (b) — — 116 116 Servicing rights — — 1,737 1,737 Derivative assets: Interest rate contracts — 977 6 983 Foreign exchange contracts — 643 — 643 Commodity contracts 205 846 — 1,051 Derivative assets (c) 205 2,466 6 2,677 Total assets $ 5,781 48,433 1,859 56,073 Liabilities: Derivative liabilities: Interest rate contracts $ 5 1,202 6 1,213 Foreign exchange contracts — 600 — 600 Equity contracts — — 168 168 Commodity contracts 28 990 — 1,018 Derivative liabilities (d) 33 2,792 174 2,999 Short positions: U.S. Treasury and federal agencies securities 31 — — 31 Asset-backed securities and other debt securities — 76 — 76 Short positions (d) 31 76 — 107 Total liabilities $ 64 2,868 174 3,106 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $224, $496 and $2, respectively, at December 31, 2023. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets. 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 September 30, 2024 and December 31, 2023, 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. The net asset fair value of the Bancorp’s IRLCs at September 30, 2024 was $6 million. Immediate decreases in current interest rates of 25 bps and 50 bps would result in increases in the fair value of the IRLCs of approximately $2 million and $4 million, respectively. Immediate increases in current interest rates of 25 bps and 50 bps would result in decreases in the fair value of the IRLCs of approximately $3 million and $6 million, respectively. An immediate 10% or 20% change in loan closing rates, either adverse or favorable, would not have a material impact on the fair value of IRLCs as of September 30, 2024. These sensitivities are hypothetical and should be used with caution, as changes in fair value based on a variation in assumptions typically cannot be extrapolated because the relationship of the change in assumptions to the change in fair value may not be linear. Short positions Where quoted prices are available in an active market, short positions are classified within Level 1 of the valuation hierarchy. Level 1 securities include U.S. Treasury securities. If quoted market prices are not available, then fair values are estimated using pricing models which primarily utilize quoted prices of securities with similar characteristics and therefore are classified within Level 2 of the valuation hierarchy. Level 2 securities include asset-backed and other debt securities. The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended September 30, 2024 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 109 1,731 — (164) 1,676 Total (losses) gains (realized/unrealized): (b) Included in earnings 7 (90) 18 (47) (112) Purchases/originations — 15 — — 15 Settlements (3) — (16) 15 (4) Transfers into Level 3 (c) 1 — — — 1 Balance, end of period $ 114 1,656 2 (196) 1,576 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 September 30, 2024 $ 7 (66) 6 (47) (100) (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $ 5 , respectively, as of September 30, 2024. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 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 three months ended September 30, 2023 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 124 1,764 2 (204) 1,686 Total gains (losses) (realized/unrealized): (b) Included in earnings (7) 34 7 (10) 24 Purchases/originations — 24 — — 24 Settlements (5) — (11) 42 26 Transfers into Level 3 (c) 1 — — — 1 Balance, end of period $ 113 1,822 (2) (172) 1,761 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at September 30, 2023 $ (7) 56 3 (10) 42 (a) Net interest rate derivatives include derivative assets and liabilities of $5 and $7, respectively, as of September 30, 2023. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2023. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the nine months ended September 30, 2024 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 116 1,737 — (168) 1,685 Total (losses) gains (realized/unrealized): (b) Included in earnings 4 (112) 38 (87) (157) Purchases/originations — 36 (1) — 35 Sales — (5) — — (5) Settlements (9) — (35) 59 15 Transfers into Level 3 (c) 3 — — — 3 Balance, end of period $ 114 1,656 2 (196) 1,576 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 September 30, 2024 $ 4 (44) 7 (87) (120) (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $5, respectively, as of September 30, 2024. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2024. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the nine months ended September 30, 2023 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 123 1,746 (1) (195) 1,673 Total (losses) gains (realized/unrealized): (b) Included in earnings (4) (6) 32 (72) (50) Purchases/originations — 82 (2) — 80 Settlements (11) — (31) 95 53 Transfers into Level 3 (c) 5 — — — 5 Balance, end of period $ 113 1,822 (2) (172) 1,761 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 September 30, 2023 $ (4) 53 3 (72) (20) (a) Net interest rate derivatives include derivative assets and liabilities of $5 and $7, respectively, as of September 30, 2023. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2023. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Mortgage banking net revenue $ (66) 33 (71) 19 Commercial banking revenue 1 1 2 3 Other noninterest income (47) (10) (88) (72) Total (losses) gains $ (112) 24 (157) (50) 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 September 30, 2024 and 2023 were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Mortgage banking net revenue $ (54) 51 (34) 49 Commercial banking revenue 1 1 2 3 Other noninterest income (47) (10) (88) (72) Total (losses) gains $ (100) 42 (120) (20) The following tables present information as of September 30, 2024 and 2023 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 September 30, 2024 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 114 Loss rate model Interest rate risk factor (52.3) - 4.3% (9.3) % (a) Credit risk factor — - 0.5% 0.1 % (a) Servicing rights 1,656 DCF Prepayment speed — - 100.0% (Fixed) 6.7 % (b) (Adjustable) 22.0 % (b) OAS (bps) 420 - 1,833 (Fixed) 470 (b) (Adjustable) 696 (b) IRLCs, net 6 DCF Loan closing rates 18.5 - 96.0% 78.7 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (196) DCF Timing of the resolution Q4 2026 - Q1 2028 Q2 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. As of September 30, 2023 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 113 Loss rate model Interest rate risk factor (28.7) - 4.0 % (16.9) % (a) Credit risk factor — - 0.6 % 0.2 % (a) Servicing rights 1,822 DCF Prepayment speed — - 100.0 % (Fixed) 5.0 % (b) (Adjustable) 20.3 % (b) OAS (bps) 477 - 1,447 (Fixed) 582 (b) (Adjustable) 1,204 (b) IRLCs, net 4 DCF Loan closing rates 33.2 - 97.5 % 82.3 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (172) DCF Timing of the resolution Q3 2024 - Q1 2027 Q4 2025 (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 September 30, 2024 and 2023, and for which a nonrecurring fair value adjustment was recorded during the three and nine months ended September 30, 2024 and 2023, 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 Using Total (Losses) Gains As of September 30, 2024 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended September 30, 2024 For the nine months ended September 30, 2024 Commercial loans held for sale $ — — 47 47 (1) (1) Commercial loans and leases — — 125 125 (73) (177) Consumer and residential mortgage loans — — 208 208 (7) (10) OREO — — 6 6 — (1) Bank premises and equipment — — 9 9 — — Private equity investments — 3 — 3 2 11 Total $ — 3 395 398 (79) (178) Fair Value Measurements Using Total Losses As of September 30, 2023 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended September 30, 2023 For the nine months ended September 30, 2023 Commercial loans and leases $ — — 154 154 (21) (118) Consumer and residential mortgage loans — — 188 188 (2) (10) OREO — — 18 18 (7) (8) Bank premises and equipment — — 4 4 — (2) Private equity investments — — — — — (2) Total $ — — 364 364 (30) (140) The following tables present information as of September 30, 2024 and 2023 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured on a nonrecurring basis: As of September 30, 2024 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans held for sale $ 47 Comparable company analysis Market comparable transactions NM NM Commercial loans and leases 125 Appraised value Collateral value NM NM Consumer and residential mortgage loans 208 Appraised value Collateral value NM NM OREO 6 Appraised value Appraised value NM NM Bank premises and equipment 9 Appraised value Appraised value NM NM Private equity investments — Comparable company analysis Market comparable transactions NM NM As of September 30, 2023 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans and leases $ 154 Appraised value Collateral value NM NM Consumer and residential mortgage loans 188 Appraised value Collateral value NM NM OREO 18 Appraised value Appraised value NM NM Bank premises and equipment 4 Appraised value Appraised value NM NM Private equity investments — Comparable company analysis Market comparable transactions NM NM Commercial loans held for sale The Bancorp estimated the fair value of certain commercial loans held for sale during the three and nine months ended September 30, 2024 and 2023. These valuations were primarily based on applying unobservable inputs such as an estimated market discount to the unpaid principal balance of the loans (Level 3 of the valuation hierarchy). Portfolio loans and leases During the three and nine months ended September 30, 2024 and 2023, the Bancorp recorded nonrecurring adjustments to certain collateral-dependent portfolio loans and leases. When a loan is collateral-dependent, the fair value of the loan is generally based on the fair value less cost to sell of the underlying collateral supporting the loan and therefore these loans were classified within Level 3 of the valuation hierarchy. In cases where the amortized cost basis of the loan or lease exceeds the estimated net realizable value of the collateral, then an ALLL is recognized, or a charge-off once the remaining amount is considered uncollectible. OREO During the three and nine months ended September 30, 2024 and 2023, 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 losses were primarily due to declines in real estate values of the properties upon the transfer, or subsequent to the transfer, to 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. The previous tables reflect the fair value measurements of the properties before deducting the estimated costs to sell. 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. For further information on bank premises and equipment, refer to Note 7. 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 $2 million and $11 million during the three and nine months ended September 30, 2024, respectively, and did not recognize gains during both the three and nine months ended September 30, 2023, resulting from observable price changes. The carrying value of the Bancorp’s private equity investments still held as of September 30, 2024 includes a cumulative $20 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. For both the three and nine months ended September 30, 2024 as well as the three months ended September 30, 2023, the Bancorp did not recognize impairment charges on its private equity investments. The Bancorp recognized $2 million of impairment charges during the nine months ended September 30, 2023. The carrying value of the Bancorp’s private equity investments still held as of September 30, 2024 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 September 30, 2024 and 2023 for which the fair value option was elected, as well as the changes in fair value of the underlying IRLCs, included gains of $2 million and losses of $24 million, respectively. These changes are reported in mortgage banking net revenue in the Condensed Consolidated Statements of Income. Valuation adjustments related to instrument-specific credit risk for residential mortgage loans measured at fair value negatively impacted the fair value of those loans by an immaterial amount at both September 30, 2024 and December 31, 2023. Interest on loans measured at fair value is accrued as it is earned using the effective interest method and is reported as interest income in the Condensed Consolidated Statements of Income. The following table summarizes the difference between the fair value and the unpaid principal balance for residential mortgage loans measured at fair value as of: September 30, 2024 ($ in millions) Aggregate Fair Value Aggregate Unpaid Principal Balance Difference Residential mortgage loans measured at fair value $ 626 624 2 Past due loans of 30-89 days 1 1 — Nonaccrual loans 1 1 — December 31, 2023 Residential mortgage loans measured at fair value $ 450 456 (6) Past due loans of 30-89 days 1 1 — Nonaccrual loans 2 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 September 30, 2024 ($ in millions) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 3,215 3,215 — — 3,215 Other short-term investments 21,729 21,729 — — 21,729 Other securities 777 — 777 — 777 Held-to-maturity securities 11,358 2,379 9,173 2 11,554 Loans and leases held for sale 100 — — 100 100 Portfolio loans and leases: Commercial loans and leases 70,025 — — 70,529 70,529 Consumer and residential mortgage loans 44,224 — — 42,190 42,190 Total portfolio loans and leases, net $ 114,249 — — 112,719 112,719 Financial liabilities: Deposits $ 168,340 — 168,319 — 168,319 Federal funds purchased 169 169 — — 169 Other short-term borrowings 1,424 — 1,429 — 1,429 Long-term debt 17,058 13,979 3,452 — 17,431 Net Carrying Fair Value Measurements Using Total As of December 31, 2023 ($ in millions) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 3,142 3,142 — — 3,142 Other short-term investments 22,082 22,082 — — 22,082 Other securities 722 — 722 — 722 Held-to-maturity securities 2 — — 2 2 Loans and leases held for sale 44 — — 44 44 Portfolio loans and leases: Commercial loans and leases 71,616 — — 71,766 71,766 Consumer and residential mortgage loans 43,180 — — 41,410 41,410 Total portfolio loans and leases, net $ 114,796 — — 113,176 113,176 Financial liabilities: Deposits $ 168,912 — 168,873 — 168,873 Federal funds purchased 193 193 — — 193 Other short-term borrowings 2,861 — 2,872 — 2,872 Long-term debt 16,418 14,481 1,903 — 16,384

Business Segments

Business Segments	9 Months Ended
Business Segments	Sep. 30, 2024
Segment Reporting [Abstract]
Business Segments	Business Segments The Bancorp reports on three business segments: Commercial Banking, Consumer and Small Business Banking and Wealth and Asset Management. Results of the Bancorp’s business segments are presented based on its management structure and management accounting practices. The structure and accounting practices are specific to the Bancorp; therefore, the financial results of the Bancorp’s business segments are not necessarily comparable with similar information for other financial institutions. The Bancorp refines its methodologies from time to time as management’s accounting practices and businesses change. During the first quarter of 2024, the Bancorp eliminated certain revenue sharing agreements between Wealth and Asset Management and Consumer and Small Business Banking. As a result, the results of operations for the Wealth and Asset Management segment for the three and nine months ended September 30, 2023 were adjusted to reflect the impact of the elimination of these revenue sharing agreements between Wealth and Asset Management and Consumer and Small Business Banking. The impact of the elimination of these revenue sharing agreements for the years ended December 31, 2023, 2022 and 2021 resulted in a decrease in wealth and asset management revenue and an offsetting decrease in other noninterest expense within the Wealth and Asset Management segment of $186 million, $177 million and $180 million, respectively. The Bancorp manages interest rate risk centrally at the corporate level. By employing an FTP methodology, the business 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 business 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 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 business 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 business 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 business segments include allocations for shared services and headquarters expenses. Additionally, the business 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 business 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 assets by business segment for the three months ended: September 30, 2024 ($ in millions) Commercial Consumer Wealth General Total Net interest income $ 669 1,031 50 (329) 1,421 Provision for credit losses 76 78 — 6 160 Net interest income after provision for credit losses $ 593 953 50 (335) 1,261 Noninterest income: Wealth and asset management revenue $ 1 64 98 — 163 Service charges on deposits 104 56 — 1 161 Commercial banking revenue 162 1 — — 163 Card and processing revenue 27 78 1 — 106 Mortgage banking net revenue — 50 — — 50 Leasing business revenue 43 — — — 43 Other noninterest income 11 31 — (27) 15 Securities gains, net 9 — — 1 10 Total noninterest income $ 357 280 99 (25) 711 Noninterest expense: Compensation and benefits $ 151 206 54 279 690 Technology and communications 3 7 — 111 121 Net occupancy expense 9 52 3 17 81 Equipment expense 7 13 — 18 38 Marketing expense 1 15 — 10 26 Leasing business expense 21 — — — 21 Card and processing expense 2 20 — — 22 Other noninterest expense 276 291 38 (360) 245 Total noninterest expense $ 470 604 95 75 1,244 Income (loss) before income taxes $ 480 629 54 (435) 728 Applicable income tax expense (benefit) 87 132 12 (76) 155 Net income (loss) $ 393 497 42 (359) 573 Total goodwill $ 2,324 2,369 225 — 4,918 Total assets $ 75,594 89,890 10,669 38,165 (a) 214,318 (a) Includes bank premises and equipment o f $24 classi fied as held for sale. For more information, refer to Note 7. September 30, 2023 ($ in millions) Commercial Consumer Wealth General Total Net interest income $ 1,007 1,390 98 (1,057) 1,438 Provision for credit losses — 105 1 13 119 Net interest income after provision for credit losses $ 1,007 1,285 97 (1,070) 1,319 Noninterest income: Wealth and asset management revenue $ — 53 92 — 145 Service charges on deposits 95 55 — (1) 149 Commercial banking revenue 154 1 — (1) 154 Card and processing revenue 23 78 — 3 104 Mortgage banking net revenue — 57 — — 57 Leasing business revenue 58 — — — 58 Other noninterest income 24 30 2 (1) 55 Securities losses, net (1) — — (6) (7) Total noninterest income $ 353 274 94 (6) 715 Noninterest expense: Compensation and benefits $ 156 217 53 203 629 Technology and communications 4 7 — 104 115 Net occupancy expense (b) 12 52 3 17 84 Equipment expense 7 11 — 19 37 Marketing expense 1 17 — 17 35 Leasing business expense 29 — — — 29 Card and processing expense 3 19 — (1) 21 Other noninterest expense 266 301 34 (363) 238 Total noninterest expense $ 478 624 90 (4) 1,188 Income (loss) before income taxes $ 882 935 101 (1,072) 846 Applicable income tax expense (benefit) 164 196 22 (196) 186 Net income (loss) $ 718 739 79 (876) 660 Total goodwill $ 2,324 2,369 226 — 4,919 Total assets $ 82,829 88,230 10,538 31,370 (a) 212,967 (a) Includes bank premises and equipment of $22 classified as held for sale. For more information, refer to Note 7. (b) Includes impairment losses and termination charges of $1 for ROU assets related to certain operating leases. For more information, refer to Note 9. The following tables present the results of operations and assets by business segment for the nine months ended: September 30, 2024 ($ in millions) Commercial Consumer and Small Business Wealth General Total Net interest income $ 2,012 3,210 162 (1,192) 4,192 Provision for (benefit from) credit losses 284 232 — (165) 351 Net interest income after provision for (benefit from) credit losses $ 1,728 2,978 162 (1,027) 3,841 Noninterest income: Wealth and asset management revenue $ 2 185 296 — 483 Service charges on deposits 307 159 1 — 467 Commercial banking revenue 446 4 1 — 451 Card and processing revenue 80 232 2 2 316 Mortgage banking net revenue — 153 1 — 154 Leasing business revenue 120 — — — 120 Other noninterest income 46 86 1 (30) 103 Securities gains, net 3 — — 20 23 Total noninterest income $ 1,004 819 302 (8) 2,117 Noninterest expense: Compensation and benefits $ 496 666 168 769 2,099 Technology and communications 10 22 1 318 351 Net occupancy expense 27 159 9 56 251 Equipment expense 21 38 — 55 114 Marketing expense 2 55 1 34 92 Leasing business expense 69 — — — 69 Card and processing expense 6 57 1 (1) 63 Other noninterest expense 797 871 112 (1,012) 768 Total noninterest expense $ 1,428 1,868 292 219 3,807 Income (loss) before income taxes $ 1,304 1,929 172 (1,254) 2,151 Applicable income tax expense (benefit) 224 405 36 (208) 457 Net income (loss) $ 1,080 1,524 136 (1,046) 1,694 Total goodwill $ 2,324 2,369 225 — 4,918 Total assets $ 75,594 89,890 10,669 38,165 (a) 214,318 (a) Includes bank premises and equipment of $24 classified as held for sale. For more information, refer to Note 7. September 30, 2023 ($ in millions) Commercial Consumer and Small Business Banking Wealth General Total Net interest income $ 3,006 4,016 294 (2,905) 4,411 Provision for credit losses 37 221 1 201 460 Net interest income after provision for credit losses $ 2,969 3,795 293 (3,106) 3,951 Noninterest income: Wealth and asset management revenue $ 2 159 273 — 434 Service charges on deposits 275 159 — (3) 431 Commercial banking revenue 459 3 1 (2) 461 Card and processing revenue 69 231 2 8 310 Mortgage banking net revenue — 184 — — 184 Leasing business revenue 162 — — — 162 Other noninterest income (a) 68 83 2 (1) 152 Securities gains (losses), net (9) — — 12 3 Total noninterest income $ 1,026 819 278 14 2,137 Noninterest expense: Compensation and benefits $ 499 663 169 705 2,036 Technology and communications 10 20 1 316 347 Net occupancy expense (c) 32 156 9 51 248 Equipment expense 22 32 — 56 110 Marketing expense 2 52 1 41 96 Leasing business expense 94 — — — 94 Card and processing expense 8 57 1 (3) 63 Other noninterest expense 849 920 105 (1,118) 756 Total noninterest expense $ 1,516 1,900 286 48 3,750 Income (loss) before income taxes $ 2,479 2,714 285 (3,140) 2,338 Applicable income tax expense (benefit) 470 569 59 (579) 519 Net income (loss) $ 2,009 2,145 226 (2,561) 1,819 Total goodwill $ 2,324 2,369 226 — 4,919 Total assets $ 82,829 88,230 10,538 31,370 (b) 212,967 (a) Includes impairment charges of $1 for bank premises and equipment recorded in both Consumer and Small Business Banking and General Corporate and Other. For more information, refer to Note 7 and Note 23. (b) Includes bank premises and equipment of $22 classified as held for sale. For more information, refer to Note 7. (c) Includes impairment losses and termination charges of $2 for ROU assets related to certain operating leases. For more information, refer to Note 9.

Subsequent Event

Subsequent Event	9 Months Ended
Subsequent Event	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On October 21 , 2024 , the Bancorp entered into an accelerated share repurchase transaction with a counterparty pursuant to which the Bancorp paid $300 million on October 22, 2024 to repurchase shares of its outstanding common stock. The Bancorp is repurchasing the shares of its common stock as part of its Board-approved 100 million share repurchase program previously announced on June 18, 2019. The Bancorp expects the settlement of the transaction to occur on or before December 27, 2024.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
Basis of Presentation (Policies)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of the Bancorp and its majority-owned subsidiaries and VIEs in which the Bancorp has been determined to be the primary beneficiary. Other entities, including certain joint ventures in which the Bancorp has the ability to exercise significant influence over operating and financial policies of the investee, but upon which the Bancorp does not possess control, are accounted for by the equity method and not consolidated. The investments in those entities in which the Bancorp does not have the ability to exercise significant influence are generally carried at fair value unless the investment does not have a readily determinable fair value. The Bancorp accounts for equity investments without a readily determinable fair value using the measurement alternative to fair value, representing the cost of the investment minus any impairment recorded and plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer. Intercompany transactions and balances among consolidated entities have been eliminated. In the opinion of management, the unaudited Condensed Consolidated Financial Statements include all adjustments, which consist of normal recurring accruals, necessary to present fairly the results for the periods presented. In accordance with U.S. GAAP and the rules and regulations of the SEC for interim financial information, these statements do not include certain information and footnote disclosures required for complete annual financial statements and it is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the Bancorp’s Annual Report on Form 10-K. The results of operations, comprehensive income and changes in equity for the three and nine months ended September 30, 2024 and 2023 and the cash flows for the nine months ended September 30, 2024 and 2023 are not necessarily indicative of the results to be expected for the full year. Financial information as of December 31, 2023 has been derived from the Bancorp’s Annual Report on Form 10-K. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Accounting and Reporting Developments	Standards Adopted in 2024 The Bancorp adopted the following new accounting standards during the nine months ended September 30, 2024: ASU 2022-03 – Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions In June 2022, the FASB issued ASU 2022-03, which clarifies the guidance in ASC 820 on the fair value measurement of an equity security that is subject to contractual sale restrictions, stating that such restrictions are not considered part of the unit of account of the security and therefore are not considered in measuring fair value. The amended guidance also requires disclosure of the fair value of equity securities subject to contractual sale restrictions and certain additional information about those restrictions. The Bancorp adopted the amended guidance on January 1, 2024 on a prospective basis. The adoption did not have a material impact on the Bancorp’s Condensed Consolidated Financial Statements. ASU 2023-02 – Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method In March 2023, the FASB issued ASU 2023-02, which expands the permitted usage of the proportional amortization method to include additional tax credit investment programs beyond qualifying LIHTC structures if certain conditions are met. The amended guidance permits entities to make elections to apply the proportional amortization method on a program-by-program basis for qualifying programs and also makes certain amendments to measurement and disclosure guidance. The amended disclosure guidance applies to all investments within programs where the proportional amortization method has been elected, including investments within those programs which do not meet the criteria to permit application of the proportional amortization method. The Bancorp adopted the amended guidance on January 1, 2024 on a modified retrospective basis, except for certain provisions which the Bancorp adopted on a prospective basis, as permitted. Upon adoption, the Bancorp recorded a cumulative-effect adjustment to decrease retained earnings by $10 million, net of tax. ASU 2023-07 – Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07, which amends the disclosure requirements for reportable segments. The amendments include new requirements to disclose certain significant segment expenses and other items, the title and position of the chief operating decision maker and information about how the reported measures of segment profit or loss are used in assessing segment performance. The amendments also make certain annual disclosure requirements applicable to interim periods and permit the reporting of multiple measures of segment profit or loss if appropriate. The amended guidance is effective for the Bancorp for the year ending December 31, 2024 and subsequent interim reporting periods beginning in 2025, with early adoption permitted. Consistent with this implementation guidance, the Bancorp will provide the amended disclosures within its Annual Report on Form 10-K for the year ended December 31, 2024 and the amendments will be applied retrospectively to all prior periods presented. Significant Accounting Standard Issued but Not Yet Adopted The following significant accounting standard was issued but not yet adopted by the Bancorp as of September 30, 2024: 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 amended guidance is effective for the Bancorp on January 1, 2025, with early adoption permitted, and is to be applied prospectively, with retrospective application permitted. The Bancorp is in the process of evaluating the impact of the amended guidance on its Condensed Consolidated Financial Statements.

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
Supplemental Cash Flow Information (Tables)	Sep. 30, 2024
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 nine months ended September 30: ($ in millions) 2024 2023 Cash Payments: Interest $ 3,795 2,554 Income taxes 126 496 Transfers: Portfolio loans and leases to loans and leases held for sale $ 333 281 Loans and leases held for sale to portfolio loans and leases 3 5 Portfolio loans and leases to OREO 16 9 Bank premises and equipment to OREO 7 29 Available-for-sale debt securities to held-to-maturity securities (a) 11,593 — Supplemental Disclosures: Net additions to lease liabilities under operating leases $ 59 56 Net additions (reductions) to lease liabilities under finance leases 45 (6) (a) Represents the fair value of the securities on the date of transfer. Refer to Note 4 for additional information.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
Investment Securities (Tables)	Sep. 30, 2024
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: September 30, 2024 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 4,354 — (4) 4,350 Obligations of states and political subdivisions securities — — — — Mortgage-backed securities: Agency residential mortgage-backed securities 5,623 — (606) 5,017 Agency commercial mortgage-backed securities 24,008 5 (2,294) 21,719 Non-agency commercial mortgage-backed securities 4,677 2 (280) 4,399 Asset-backed securities and other debt securities 4,315 5 (186) 4,134 Other securities (a) 777 — — 777 Total available-for-sale debt and other securities $ 43,754 12 (3,370) 40,396 Held-to-maturity securities: (b) U.S. Treasury and federal agencies securities $ 2,354 25 — 2,379 Mortgage-backed securities: Agency residential mortgage-backed securities 4,992 75 (1) 5,066 Agency commercial mortgage-backed securities 4,010 97 — 4,107 Asset-backed securities and other debt securities 2 — — 2 Total held-to-maturity securities $ 11,358 197 (1) 11,554 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdi ngs of $275, $499 and $3, respectively, at September 30, 2024, that are carried at cost. (b) The amortized cost basis of held-to-maturity securities includes a discount of $897 at September 30, 2024 pertaining to the unamortized portion of unrealized losses on securities. December 31, 2023 ($ in millions) Amortized Unrealized Unrealized Fair Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 4,477 1 (142) 4,336 Obligations of states and political subdivisions securities 2 — — 2 Mortgage-backed securities: Agency residential mortgage-backed securities 11,564 — (1,282) 10,282 Agency commercial mortgage-backed securities 28,945 5 (3,230) 25,720 Non-agency commercial mortgage-backed securities 4,872 — (427) 4,445 Asset-backed securities and other debt securities 5,207 3 (298) 4,912 Other securities (a) 722 — — 722 Total available-for-sale debt and other securities $ 55,789 9 (5,379) 50,419 Held-to-maturity securities: Asset-backed securities and other debt securities $ 2 — — 2 Total held-to-maturity securities $ 2 — — 2 (a) Other securities consist of FHLB, FRB and DTCC restricted stock holdings of $224, $496 and $2, respectively, at December 31, 2023, that are carried at cost. The following table provides the fair value of trading debt securities and equity securities as of: ($ in millions) September 30, December 31, Trading debt securities $ 1,176 899 Equity securities 428 613
Realized Gains and Losses Recognized in Income from Investment Securities	The following table presents the components of net securities gains and losses recognized in the Condensed Consolidated Statements of Income, including those recognized related to the Bancorp’s non-qualifying hedging strategy for MSRs: For the three months ended September 30, For the nine months ended ($ in millions) 2024 2023 2024 2023 Available-for-sale debt and other securities: Realized gains $ — 1 4 34 Realized losses — — — (30) Impairment losses (11) (1) (21) (5) Net losses on available-for-sale debt and other securities $ (11) — (17) (1) Trading debt securities: Net realized gains 1 — — — Net unrealized gains — — — 2 Net trading debt securities gains $ 1 — — 2 Equity securities: Net realized gains 4 2 15 3 Net unrealized gains (losses) 16 (9) 25 (1) Net equity securities gains (losses) $ 20 (7) 40 2 Total gains (losses) recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities (a) $ 10 (7) 23 3 (a) Excludes $7 and $9 of net securities gains for the three and nine months ended September 30, 2024, respectively, and $2 and $3 of net securities gains for the three and nine months ended September 30, 2023, respectively, related to securities held by FTS to facilitate the timely execution of customer transactions. These gains and losses are included in commercial banking revenue and wealth and asset management revenue in the Condensed Consolidated Statements of Income.
Contractual Maturity Schedule	The expected maturity distribution of the Bancorp’s mortgage-backed securities and the contractual maturity distribution of the remainder of the Bancorp’s available-for-sale debt and other securities and held-to-maturity securities as of September 30, 2024 are shown in the following table: ($ in millions) Available-for-Sale Debt and Other Held-to-Maturity Amortized Cost Fair Value Amortized Cost Fair Value Debt securities: (a) Due in 1 year or less $ 3,140 3,117 38 38 Due after 1 year through 5 years 17,036 16,376 3,071 3,106 Due after 5 years through 10 years 16,020 14,120 7,770 7,908 Due after 10 years 6,781 6,006 479 502 Other securities 777 777 — — Total $ 43,754 40,396 11,358 11,554 (a) Actual maturities may differ from contractual maturities when a right to call or prepay obligations exists with or without call or prepayment penalties.
Fair Value and Gross Unrealized Loss of Securities Available for Sale	The following table provides the fair value and gross unrealized losses on available-for-sale debt and other securities in an unrealized loss position, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position as of: Less than 12 months 12 months or more Total ($ in millions) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized September 30, 2024 U.S. Treasury and federal agencies securities $ 4,210 (4) — — 4,210 (4) Agency residential mortgage-backed securities 215 (1) 4,796 (605) 5,011 (606) Agency commercial mortgage-backed securities 3,736 (302) 17,651 (1,992) 21,387 (2,294) Non-agency commercial mortgage-backed securities — — 4,210 (280) 4,210 (280) Asset-backed securities and other debt securities 143 (12) 3,451 (174) 3,594 (186) Total $ 8,304 (319) 30,108 (3,051) 38,412 (3,370) December 31, 2023 U.S. Treasury and federal agencies securities $ 1,989 (3) 2,157 (139) 4,146 (142) Agency residential mortgage-backed securities 81 (2) 10,200 (1,280) 10,281 (1,282) Agency commercial mortgage-backed securities 5,439 (556) 19,957 (2,674) 25,396 (3,230) Non-agency commercial mortgage-backed securities 141 (2) 4,284 (425) 4,425 (427) Asset-backed securities and other debt securities 340 (17) 4,184 (281) 4,524 (298) Total $ 7,990 (580) 40,782 (4,799) 48,772 (5,379)

Loans and Leases (Tables)

Loans and Leases (Tables)	9 Months Ended
Loans and Leases (Tables)	Sep. 30, 2024
Receivables [Abstract]
Loans and Leases Classified by Primary Purpose	The following table provides a summary of commercial loans and leases classified by primary purpose and consumer loans classified based upon product or collateral as of: ($ in millions) September 30, December 31, Loans and leases held for sale: Commercial and industrial loans $ 14 41 Commercial mortgage loans 34 — Commercial construction loans 50 — Commercial leases 2 3 Residential mortgage loans 512 334 Total loans and leases held for sale $ 612 378 Portfolio loans and leases: Commercial and industrial loans $ 50,916 53,270 Commercial mortgage loans 11,394 11,276 Commercial construction loans 5,947 5,621 Commercial leases 2,873 2,579 Total commercial loans and leases $ 71,130 72,746 Residential mortgage loans $ 17,166 17,026 Home equity 4,074 3,916 Indirect secured consumer loans 15,942 14,965 Credit card 1,703 1,865 Solar energy installation loans 4,078 3,728 Other consumer loans 2,575 2,988 Total consumer loans $ 45,538 44,488 Total portfolio loans and leases $ 116,668 117,234
Total Loans and Leases Owned by the Bancorp	The following table presents a summary of the total loans and leases owned by the Bancorp as of: Carrying Value 90 Days Past Due and Still Accruing (a) ($ in millions) September 30, December 31, September 30, December 31, Commercial and industrial loans $ 50,930 53,311 10 8 Commercial mortgage loans 11,428 11,276 3 — Commercial construction loans 5,997 5,621 — — Commercial leases 2,875 2,582 1 — Residential mortgage loans 17,678 17,360 8 7 Home equity 4,074 3,916 — — Indirect secured consumer loans 15,942 14,965 — — Credit card 1,703 1,865 18 21 Solar energy installation loans 4,078 3,728 — — Other consumer loans 2,575 2,988 — — Total loans and leases $ 117,280 117,612 40 36 Less: Loans and leases held for sale 612 378 Total portfolio loans and leases $ 116,668 117,234 (a) Excludes government guaranteed residential mortgage loans. The following table presents a summary of net charge-offs (recoveries): For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Commercial and industrial loans $ 72 65 187 127 Commercial construction loans — — — 1 Commercial leases — (1) — (1) Residential mortgage loans (1) — (1) — Home equity — — — 1 Indirect secured consumer loans 22 19 63 48 Credit card 16 15 52 46 Solar energy installation loans 14 8 39 16 Other consumer loans 19 18 56 54 Total net charge-offs $ 142 124 396 292
Investment in Lease Financing	The following table presents the components of the net investment in portfolio leases as of: ($ in millions) (a) September 30, December 31, Net investment in direct financing leases: Lease payment receivable (present value) $ 593 556 Unguaranteed residual assets (present value) 119 105 Net investment in sales-type leases: Lease payment receivable (present value) 1,829 1,585 Unguaranteed residual assets (present value) 85 84 (a) Excludes $247 and $249 of leveraged leases at September 30, 2024 and December 31, 2023, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity	The following table presents undiscounted cash flows for both direct financing and sales-type portfolio leases for the remainder of 2024 through 2029 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease receivables as follows: As of September 30, 2024 ($ in millions) Direct Financing Sales-Type Leases Remainder of 2024 $ 45 134 2025 184 595 2026 151 429 2027 117 359 2028 66 237 2029 40 101 Thereafter 53 127 Total undiscounted cash flows $ 656 1,982 Less: Difference between undiscounted cash flows and discounted cash flows 63 153 Present value of lease payments (recognized as lease receivables) $ 593 1,829

Credit Quality and the Allowa_2

Credit Quality and the Allowance for Loan and Lease Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Summary of Transactions in the ALLL	The following tables summarize transactions in the ALLL by portfolio segment: For the three months ended September 30, 2024 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,113 136 1,039 2,288 Losses charged off (a) (80) — (103) (183) Recoveries of losses previously charged off (a) 8 1 32 41 Provision for loan and lease losses 64 6 89 159 Balance, end of period $ 1,105 143 1,057 2,305 (a) The Bancorp recorded $6 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the three months ended September 30, 2023 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,199 173 955 2,327 Losses charged off (a) (70) (1) (87) (158) Recoveries of losses previously charged off (a) 6 1 27 34 Provision for (benefit from) loan and lease losses 52 (18) 103 137 Balance, end of period $ 1,187 155 998 2,340 (a) The Bancorp recorded $8 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the nine months ended September 30, 2024 ($ in millions) Commercial Residential Consumer Total Balance, beginning of period $ 1,130 145 1,047 2,322 Losses charged off (a) (203) (2) (306) (511) Recoveries of losses previously charged off (a) 16 3 96 115 Provision for (benefit from) loan and lease losses 162 (3) 220 379 Balance, end of period $ 1,105 143 1,057 2,305 (a) The Bancorp recorded $22 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements. For the nine months ended September 30, 2023 ($ in millions) Commercial Residential Mortgage Consumer Total Balance, beginning of period $ 1,127 245 822 2,194 Impact of adoption of ASU 2022-02 4 (36) (17) (49) Losses charged off (a) (140) (3) (246) (389) Recoveries of losses previously charged off (a) 13 3 81 97 Provision for (benefit from) loan and lease losses 183 (54) 358 487 Balance, end of period $ 1,187 155 998 2,340 (a) The Bancorp recorded $26 in both losses charged-off and recoveries of losses previously charged-off related to customer defaults on point-of-sale consumer loans for which the Bancorp obtained recoveries under third-party credit enhancements.
Summary of the ALLL and Related Loans and Leases Classified by Portfolio Segment	The following tables provide a summary of the ALLL and related loans and leases classified by portfolio segment: As of September 30, 2024 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 89 — 9 98 Collectively evaluated 1,016 143 1,048 2,207 Total ALLL $ 1,105 143 1,057 2,305 Portfolio loans and leases: (b) Individually evaluated $ 274 130 87 491 Collectively evaluated 70,856 16,922 28,285 116,063 Total portfolio loans and leases $ 71,130 17,052 28,372 116,554 (a) Includes $1 related to commercial leveraged leases at September 30, 2024. (b) Excludes $114 of residential mortgage loans measured at fair value and includes $247 of commercial leveraged leases, net of unearned income, at September 30, 2024. As of December 31, 2023 ($ in millions) Commercial Residential Consumer Total ALLL: (a) Individually evaluated $ 90 — 6 96 Collectively evaluated 1,040 145 1,041 2,226 Total ALLL $ 1,130 145 1,047 2,322 Portfolio loans and leases: (b) Individually evaluated $ 281 126 69 476 Collectively evaluated 72,465 16,784 27,393 116,642 Total portfolio loans and leases $ 72,746 16,910 27,462 117,118 (a) Includes $2 related to commercial leveraged leases at December 31, 2023. (b) Excludes $116 of residential mortgage loans measured at fair value and includes $249 of commercial leveraged leases, net of unearned income, at December 31, 2023.
Loan and Leases Balances by Credit Quality Indicator	The following tables present the amortized cost basis of the Bancorp’s commercial portfolio segment, by class and vintage, disaggregated by credit risk rating: As of September 30, 2024 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans 2024 2023 2022 2021 2020 Prior Total Commercial and industrial loans: Pass $ 2,301 1,614 2,636 1,461 496 456 38,374 47,338 Special mention 20 9 27 20 3 76 1,073 1,228 Substandard 54 117 185 75 34 80 1,752 2,297 Doubtful — — — — — — 53 53 Total commercial and industrial loans $ 2,375 1,740 2,848 1,556 533 612 41,252 50,916 Commercial mortgage owner-occupied loans: Pass $ 517 845 864 635 332 364 1,418 4,975 Special mention 24 2 11 15 1 18 11 82 Substandard 52 25 28 39 9 45 172 370 Doubtful — — — — — — — — Total commercial mortgage owner-occupied loans $ 593 872 903 689 342 427 1,601 5,427 Commercial mortgage nonowner-occupied loans: Pass $ 405 839 749 222 292 436 2,542 5,485 Special mention 58 — 114 — — — 117 289 Substandard 19 45 8 — — 2 119 193 Doubtful — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 482 884 871 222 292 438 2,778 5,967 Commercial construction loans: Pass $ 14 109 85 37 4 33 4,606 4,888 Special mention — — — — — — 787 787 Substandard 7 15 — — — — 250 272 Doubtful — — — — — — — — Total commercial construction loans $ 21 124 85 37 4 33 5,643 5,947 Commercial leases: Pass $ 1,065 357 311 345 150 560 — 2,788 Special mention 2 — 1 4 2 6 — 15 Substandard — 18 15 4 4 29 — 70 Doubtful — — — — — — — — Total commercial leases $ 1,067 375 327 353 156 595 — 2,873 Total commercial loans and leases: Pass $ 4,302 3,764 4,645 2,700 1,274 1,849 46,940 65,474 Special mention 104 11 153 39 6 100 1,988 2,401 Substandard 132 220 236 118 47 156 2,293 3,202 Doubtful — — — — — — 53 53 Total commercial loans and leases $ 4,538 3,995 5,034 2,857 1,327 2,105 51,274 71,130 As of December 31, 2023 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans 2023 2022 2021 2020 2019 Prior Total Commercial and industrial loans: Pass $ 2,124 3,434 1,814 580 263 321 40,889 49,425 Special mention 16 100 60 33 6 105 1,756 2,076 Substandard 105 103 28 18 39 73 1,397 1,763 Doubtful — — — — — — 6 6 Total commercial and industrial loans $ 2,245 3,637 1,902 631 308 499 44,048 53,270 Commercial mortgage owner-occupied loans: Pass $ 870 1,078 746 408 219 260 1,279 4,860 Special mention 30 23 18 — 6 — 20 97 Substandard 31 22 11 10 45 10 114 243 Doubtful — — — — — — — — Total commercial mortgage owner-occupied loans $ 931 1,123 775 418 270 270 1,413 5,200 Commercial mortgage nonowner-occupied loans: Pass $ 886 825 261 348 293 243 2,724 5,580 Special mention 111 166 — 2 — 2 81 362 Substandard 81 1 8 — — 2 42 134 Doubtful — — — — — — — — Total commercial mortgage nonowner-occupied loans $ 1,078 992 269 350 293 247 2,847 6,076 Commercial construction loans: Pass $ 171 36 45 41 70 6 4,818 5,187 Special mention — — — — — — 199 199 Substandard 61 — 33 — — — 141 235 Doubtful — — — — — — — — Total commercial construction loans $ 232 36 78 41 70 6 5,158 5,621 Commercial leases: Pass $ 598 386 462 202 145 664 — 2,457 Special mention 1 9 12 3 8 14 — 47 Substandard 20 14 1 5 5 30 — 75 Doubtful — — — — — — — — Total commercial leases $ 619 409 475 210 158 708 — 2,579 Total commercial loans and leases: Pass $ 4,649 5,759 3,328 1,579 990 1,494 49,710 67,509 Special mention 158 298 90 38 20 121 2,056 2,781 Substandard 298 140 81 33 89 115 1,694 2,450 Doubtful — — — — — — 6 6 Total commercial loans and leases $ 5,105 6,197 3,499 1,650 1,099 1,730 53,466 72,746 The following tables summarize the Bancorp’s gross charge-offs within the commercial portfolio segment, by class and vintage: For the nine months ended September 30, 2024 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans 2024 2023 2022 2021 2020 Prior Total Commercial loans and leases: Commercial and industrial loans $ 1 2 15 1 1 — 183 203 Commercial mortgage owner-occupied loans — — — — — — — — Commercial construction loans — — — — — — — — Total commercial loans and leases $ 1 2 15 1 1 — 183 203 For the nine months ended September 30, 2023 ($ in millions) Term Loans and Leases by Origination Year Revolving Loans 2023 2022 2021 2020 2019 Prior Total Commercial loans and leases: Commercial and industrial loans $ 24 6 12 1 — 5 90 138 Commercial mortgage owner-occupied loans — — — — — — 1 1 Commercial construction loans — — — — — — 1 1 Total commercial loans and leases $ 24 6 12 1 — 5 92 140 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 age and performing versus nonperforming status: As of September 30, 2024 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2024 2023 2022 2021 2020 Prior Total Residential mortgage loans: Performing: Current (a) $ 1,281 1,014 2,995 4,678 2,533 4,386 — — 16,887 30-89 days past due 1 — 5 7 2 12 — — 27 90 days or more past due — — 1 3 1 3 — — 8 Nonperforming — 2 8 9 8 103 — — 130 Total residential mortgage loans (b) $ 1,282 1,016 3,009 4,697 2,544 4,504 — — 17,052 Home equity: Performing: Current $ 115 71 36 2 5 90 3,602 63 3,984 30-89 days past due — — — — — 2 20 1 23 90 days or more past due — — — — — — — — — Nonperforming — — — — — 7 54 6 67 Total home equity $ 115 71 36 2 5 99 3,676 70 4,074 Indirect secured consumer loans: Performing: Current $ 5,228 3,117 3,347 2,721 917 440 — — 15,770 30-89 days past due 11 23 40 27 13 8 — — 122 90 days or more past due — — — — — — — — — Nonperforming 2 9 17 12 5 5 — — 50 Total indirect secured consumer loans $ 5,241 3,149 3,404 2,760 935 453 — — 15,942 Credit card: Performing: Current $ — — — — — — 1,634 — 1,634 30-89 days past due — — — — — — 20 — 20 90 days or more past due — — — — — — 18 — 18 Nonperforming — — — — — — 31 — 31 Total credit card $ — — — — — — 1,703 — 1,703 Solar energy installation loans: Performing: Current $ 692 2,154 1,115 2 — 34 — — 3,997 30-89 days past due 1 8 8 — — — — — 17 90 days or more past due — — — — — — — — — Nonperforming 1 34 29 — — — — — 64 Total solar energy installation loans $ 694 2,196 1,152 2 — 34 — — 4,078 Other consumer loans: Performing: Current $ 164 388 552 243 187 160 809 38 2,541 30-89 days past due 1 5 9 3 1 3 3 — 25 90 days or more past due — — — — — — — — — Nonperforming — 2 4 1 — 1 1 — 9 Total other consumer loans $ 165 395 565 247 188 164 813 38 2,575 Total residential mortgage and consumer loans: Performing: Current $ 7,480 6,744 8,045 7,646 3,642 5,110 6,045 101 44,813 30-89 days past due 14 36 62 37 16 25 43 1 234 90 days or more past due — — 1 3 1 3 18 — 26 Nonperforming 3 47 58 22 13 116 86 6 351 Total residential mortgage and consumer loans (b) $ 7,497 6,827 8,166 7,708 3,672 5,254 6,192 108 45,424 (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 September 30, 2024, $85 of these loans were 30-89 days past due and $141 were 90 days or more past due. The Bancorp recognized an immaterial amount and $1 of losses during the three and nine months ended September 30, 2024, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $114 of residential mortgage loans measured at fair value at September 30, 2024, including $1 of 30-89 days past due loans and $1 of nonperforming loans. As of December 31, 2023 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2023 2022 2021 2020 2019 Prior Total Residential mortgage loans: Performing: Current (a) $ 995 3,139 5,001 2,703 943 3,971 — — 16,752 30-89 days past due — 3 6 5 1 14 — — 29 90 days or more past due — 1 1 1 1 3 — — 7 Nonperforming — 6 6 5 4 101 — — 122 Total residential mortgage loans (b) $ 995 3,149 5,014 2,714 949 4,089 — — 16,910 Home equity: Performing: Current $ 84 41 2 6 11 92 3,549 46 3,831 30-89 days past due — — — — — 2 25 1 28 90 days or more past due — — — — — — — — — Nonperforming — — — — — 6 50 1 57 Total home equity $ 84 41 2 6 11 100 3,624 48 3,916 Indirect secured consumer loans: Performing: Current $ 4,126 4,333 3,925 1,527 597 271 — — 14,779 30-89 days past due 22 49 40 19 12 8 — — 150 90 days or more past due — — — — — — — — — Nonperforming 4 11 9 6 3 3 — — 36 Total indirect secured consumer loans $ 4,152 4,393 3,974 1,552 612 282 — — 14,965 Credit card: Performing: Current $ — — — — — — 1,789 — 1,789 30-89 days past due — — — — — — 21 — 21 90 days or more past due — — — — — — 21 — 21 Nonperforming — — — — — — 34 — 34 Total credit card $ — — — — — — 1,865 — 1,865 Solar energy installation loans: Performing: Current $ 2,415 1,192 2 — — 41 — — 3,650 30-89 days past due 12 6 — — — — — — 18 90 days or more past due — — — — — — — — — Nonperforming 29 30 — — — 1 — — 60 Total solar energy installation loans $ 2,456 1,228 2 — — 42 — — 3,728 Other consumer loans: Performing: Current $ 511 703 328 246 101 154 859 41 2,943 30-89 days past due 5 15 4 2 2 2 2 1 33 90 days or more past due — — — — — — — — — Nonperforming 2 6 1 1 1 — — 1 12 Total other consumer loans $ 518 724 333 249 104 156 861 43 2,988 Total residential mortgage and consumer loans: Performing: Current $ 8,131 9,408 9,258 4,482 1,652 4,529 6,197 87 43,744 30-89 days past due 39 73 50 26 15 26 48 2 279 90 days or more past due — 1 1 1 1 3 21 — 28 Nonperforming 35 53 16 12 8 111 84 2 321 Total residential mortgage and consumer loans (b) $ 8,205 9,535 9,325 4,521 1,676 4,669 6,350 91 44,372 (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, 2023, $79 of these loans were 30-89 days past due and $141 were 90 days or more past due. The Bancorp recognized $1 and $2 of losses during the three and nine months ended September 30, 2023, respectively, due to claim denials and curtailments associated with these insured or guaranteed loans. (b) Excludes $116 of residential mortgage loans measured at fair value at December 31, 2023, including $1 of 30-89 days past due loans and $2 of nonperforming loans. The following tables summarize the Bancorp’s gross charge-offs within the residential mortgage and consumer portfolio segments, by class and vintage: For the nine months ended September 30, 2024 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2024 2023 2022 2021 2020 Prior Total Residential mortgage loans $ — — — — — 2 — — 2 Consumer loans: Home equity — — — — — 1 4 — 5 Indirect secured consumer loans 3 25 38 19 7 8 — — 100 Credit card — — — — — — 67 — 67 Solar energy installation loans 1 16 13 — 5 9 — — 44 Other consumer loans — 10 21 9 12 11 25 2 90 Total residential mortgage and consumer loans $ 4 51 72 28 24 31 96 2 308 For the nine months ended September 30, 2023 ($ in millions) Term Loans by Origination Year Revolving Loans Revolving Loans Converted to Term Loans 2023 2022 2021 2020 2019 Prior Total Residential mortgage loans $ — — — — — 3 — — 3 Consumer loans: Home equity — — — — — 1 5 — 6 Indirect secured consumer loans 4 28 20 10 7 6 — — 75 Credit card — — — — — — 59 — 59 Solar energy installation loans 3 11 1 — — 2 — — 17 Other consumer loans 3 28 11 9 6 6 25 1 89 Total residential mortgage and consumer loans $ 10 67 32 19 13 18 89 1 249
Financing Receivable, Past Due	The following tables summarize the Bancorp’s amortized cost basis in portfolio commercial loans and leases, by age and class: Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of September 30, 2024 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans $ 50,785 44 87 131 50,916 10 Commercial mortgage owner-occupied loans 5,418 6 3 9 5,427 1 Commercial mortgage nonowner-occupied loans 5,961 1 5 6 5,967 2 Commercial construction loans 5,947 — — — 5,947 — Commercial leases 2,860 12 1 13 2,873 1 Total portfolio commercial loans and leases $ 70,971 63 96 159 71,130 14 (a) Includes accrual and nonaccrual loans and leases. Current Loans and Leases (a) Past Due Total Loans 90 Days Past As of December 31, 2023 ($ in millions) 30-89 Days (a) 90 Days or More (a) Total Commercial loans and leases: Commercial and industrial loans $ 53,107 61 102 163 53,270 8 Commercial mortgage owner-occupied loans 5,196 1 3 4 5,200 — Commercial mortgage nonowner-occupied loans 6,061 14 1 15 6,076 — Commercial construction loans 5,621 — — — 5,621 — Commercial leases 2,562 17 — 17 2,579 — Total portfolio commercial loans and leases $ 72,547 93 106 199 72,746 8 (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) September 30, December 31, Commercial loans and leases: Commercial and industrial loans $ 206 268 Commercial mortgage owner-occupied loans 63 8 Commercial mortgage nonowner-occupied loans 4 2 Commercial construction loans 1 1 Total commercial loans and leases $ 274 279 Residential mortgage loans 130 126 Consumer loans: Home equity 62 54 Indirect secured consumer loans 25 15 Total consumer loans $ 87 69 Total portfolio loans and leases $ 491 474
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: September 30, 2024 December 31, 2023 ($ in millions) With an ALLL No Related Total With an ALLL No Related Total Commercial loans and leases: Commercial and industrial loans $ 217 38 255 273 31 304 Commercial mortgage owner-occupied loans 50 24 74 11 6 17 Commercial mortgage nonowner-occupied loans — 4 4 — 3 3 Commercial construction loans — 1 1 — 1 1 Commercial leases — — — — 1 1 Total nonaccrual portfolio commercial loans and leases $ 267 67 334 284 42 326 Residential mortgage loans 43 88 131 26 98 124 Consumer loans: Home equity 22 45 67 21 36 57 Indirect secured consumer loans 42 8 50 32 4 36 Credit card 31 — 31 34 — 34 Solar energy installation loans 64 — 64 60 — 60 Other consumer loans 9 — 9 12 — 12 Total nonaccrual portfolio consumer loans $ 168 53 221 159 40 199 Total nonaccrual portfolio loans and leases (a)(b) $ 478 208 686 469 180 649 OREO and other repossessed property — 39 39 — 39 39 Total nonperforming portfolio assets (a)(b) $ 478 247 725 469 219 688 (a) Excludes $8 and $1 of nonaccrual loans held for sale as of September 30, 2024 and December 31, 2023, respectively. (b) Includes $20 and $19 of nonaccrual government-insured commercial loans whose repayments are insured by the SBA as of September 30, 2024 and December 31, 2023, respectively.
Summary of Loan Modifications	The following tables present the amortized cost basis as of September 30, 2024 and 2023, respectively, of the Bancorp’s commercial portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification: For the three months ended September 30, 2024 ($ in millions) Term Extension Term Extension and Payment Delay Payment Delay Other Total % of Total Class Commercial and industrial loans $ 84 2 19 — 105 0.21 % Commercial mortgage owner-occupied loans 11 — — — 11 0.20 Commercial mortgage nonowner-occupied loans 28 — — — 28 0.47 Commercial construction loans 6 — — — 6 0.10 Total commercial portfolio loans $ 129 2 19 — 150 0.22 % For the three months ended September 30, 2023 ($ in millions) Term Extension Term Extension and Payment Delay Payment Delay Other Total % of Total Class Commercial and industrial loans $ 92 8 — 1 101 0.18 % Commercial mortgage owner-occupied loans 3 — — — 3 0.06 Commercial mortgage nonowner-occupied loans 1 — — — 1 0.02 Commercial construction loans 19 — — — 19 0.34 Total commercial portfolio loans $ 115 8 — 1 124 0.17 % For the nine months ended September 30, 2024 ($ in millions) Term Extension Term Extension and Payment Delay Payment Delay Other Total % of Total Class Commercial and industrial loans $ 164 20 23 1 208 0.41 % Commercial mortgage owner-occupied loans 25 — 1 — 26 0.48 Commercial mortgage nonowner-occupied loans 28 — — — 28 0.47 Commercial construction loans 6 — — — 6 0.10 Total commercial portfolio loans $ 223 20 24 1 268 0.39 % For the nine months ended September 30, 2023 ($ in millions) Term Extension Term Extension and Payment Delay Payment Delay Other Total % of Total Class Commercial and industrial loans $ 176 8 5 2 191 0.34 % Commercial mortgage owner-occupied loans 24 — — — 24 0.45 Commercial mortgage nonowner-occupied loans 21 — — 3 24 0.42 Commercial construction loans 116 — — — 116 2.08 Total commercial portfolio loans $ 337 8 5 5 355 0.47 % The following tables present the amortized cost basis as of September 30, 2024 and 2023, respectively, of the Bancorp’s residential mortgage portfolio loans that were modified for borrowers experiencing financial difficulty, by type of modification: September 30, 2024 September 30, 2023 For the three months ended ($ in millions) Total % of Total Class Total % of Total Class Payment delay $ 1 0.01 % $ 3 0.02 % Term extension and payment delay 17 0.10 27 0.15 Term extension, interest rate reduction and payment delay 4 0.02 1 0.01 Total residential mortgage portfolio loans $ 22 0.13 % $ 31 0.18 % September 30, 2024 September 30, 2023 For the nine months ended ($ in millions) Total % of Total Class Total % of Total Class Payment delay $ 5 0.03 % $ 16 0.09 % Term extension and payment delay 61 0.36 69 0.40 Term extension, interest rate reduction and payment delay 8 0.05 4 0.02 Total residential mortgage portfolio loans $ 74 0.43 % $ 89 0.51 % The following tables present the amortized cost basis as of September 30, 2024 and 2023, respectively, of the Bancorp’s consumer portfolio loans that were modified for borrowers experiencing financial difficulty, by portfolio class and type of modification: For the three months ended September 30, 2024 ($ in millions) Interest Rate Reduction Payment Delay Term Extension and Payment Delay Term Extension, Interest Rate Reduction and Payment Delay Total % of Total Class Home equity $ 1 — — 3 4 0.10 % Credit card 7 — — — 7 0.41 Solar energy installation loans — — — — — — Other consumer loans — 1 — — 1 0.04 Total consumer portfolio loans $ 8 1 — 3 12 0.04 % For the three months ended September 30, 2023 ($ in millions) Interest Rate Reduction Payment Delay Term Extension and Payment Delay Term Extension, Interest Rate Reduction and Payment Delay Total % of Total Class Home equity $ 2 — 1 2 5 0.13 % Credit card 9 — — — 9 0.50 Solar energy installation loans — — — — — — Other consumer loans — 2 — — 2 0.06 Total consumer portfolio loans $ 11 2 1 2 16 0.06 % For the nine months ended September 30, 2024 ($ in millions) Interest Rate Reduction Payment Delay Term Extension and Payment Delay Term Extension, Interest Rate Reduction and Payment Delay Total % of Total Class Home equity $ 3 — 1 7 11 0.27 % Credit card 17 — — — 17 1.00 Solar energy installation loans — — — — — — Other consumer loans — 3 — — 3 0.12 Total consumer portfolio loans $ 20 3 1 7 31 0.11 % For the nine months ended September 30, 2023 ($ in millions) Interest Rate Reduction Payment Delay Term Extension and Payment Delay Term Extension, Interest Rate Reduction and Payment Delay Total % of Total Class Home equity $ 3 — 2 7 12 0.31 % Credit card 23 — — — 23 1.27 Solar energy installation loans — 1 — — 1 0.03 Other consumer loans — 4 — — 4 0.13 Total consumer portfolio loans $ 26 5 2 7 40 0.14 % The following tables present the financial effects of the Bancorp’s significant types of portfolio loan modifications to borrowers experiencing financial difficulty, by portfolio class: For the three months ended September 30, Financial Effects 2024 2023 Commercial loans: Commercial and industrial loans Weighted-average length of term extensions 5 months 7 months Weighted-average length of payment delay 21 months 10 months Commercial mortgage owner- occupied loans Weighted-average length of term extensions 6 months 3 months Commercial mortgage nonowner- occupied loans Weighted-average length of term extensions 5 months 12 months Commercial construction loans Weighted-average length of term extensions 5 months 12 months Residential mortgage loans Weighted-average length of term extensions 9.6 years 14.3 years Approximate amount of payment delays as a percentage of the related loan balances 13% 17% Consumer loans: Home equity Weighted-average length of term extensions 22.9 years 24.5 years Weighted-average interest rate reduction From 9.0% to 7.3% From 9.0% to 7.2% Approximate amount of payment delays as a percentage of the related loan balances 5% 6% Credit card Weighted-average interest rate reduction From 23.8% to 4.2% From 23.9% to 3.9% For the nine months ended September 30, Financial Effects 2024 2023 Commercial loans: Commercial and industrial loans Weighted-average length of term extensions 9 months 6 months Weighted-average length of payment delay 13 months 8 months Commercial mortgage owner- occupied loans Weighted-average length of term extensions 13 months 18 months Commercial mortgage nonowner- occupied loans Weighted-average length of term extensions 7 months 8 months Commercial construction loans Weighted-average length of term extensions 9 months 12 months Residential mortgage loans Weighted-average length of term extensions 10.0 years 12.5 years Approximate amount of payment delays as a percentage of the related loan balances 12% 16% Consumer loans: Home equity Weighted-average length of term extensions 24.0 years 24.8 years Weighted-average interest rate reduction From 9.0% to 7.2% From 8.6% to 6.9% Approximate amount of payment delays as a percentage of the related loan balances 5% 5% Credit card Weighted-average interest rate reduction From 23.8% to 4.1% From 23.6% to 3.8%
Financing Receivable, Modified, Past Due	The following table presents the amortized cost basis as of September 30, 2024 for the Bancorp’s portfolio loans that were modified during the twelve months then ended for borrowers experiencing financial difficulty, by age and portfolio class: ($ in millions) Past Due Current 30-89 Days 90 Days or More Total Commercial loans: Commercial and industrial loans $ 196 13 10 219 Commercial mortgage owner-occupied loans 26 — — 26 Commercial mortgage nonowner-occupied loans 67 — — 67 Commercial construction loans 6 — — 6 Residential mortgage loans 66 15 13 94 Consumer loans: Home equity 13 1 1 15 Credit card (a) 16 3 3 22 Solar energy installation loans 1 — — 1 Other consumer loans 3 — — 3 Total portfolio loans $ 394 32 27 453 (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 following table presents the amortized cost basis as of September 30, 2023 for the Bancorp’s portfolio loans that were modified between January 1, 2023 and September 30, 2023 to borrowers experiencing financial difficulty, by age and portfolio class: ($ in millions) Past Due Current 30-89 Days 90 Days or More Total Commercial loans: Commercial and industrial loans $ 191 — — 191 Commercial mortgage owner-occupied loans 23 1 — 24 Commercial mortgage nonowner-occupied loans 24 — — 24 Commercial construction loans 116 — — 116 Residential mortgage loans 74 12 3 89 Consumer loans: Home equity 12 — — 12 Credit card (a) 16 4 3 23 Solar energy installation loans 1 — — 1 Other consumer loans 4 — — 4 Total portfolio loans $ 461 17 6 484 (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 table presents the amortized cost basis as of September 30, 2024 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the three months ended September 30, 2024 and were within twelve months of the modification date: ($ in millions) Term Extension Interest Rate Reduction Payment Delay Term Extension and Interest Rate Reduction Term Extension and Payment Delay Term Extension, Interest Rate Reduction and Payment Delay Total Commercial loans: Commercial and industrial loans $ 2 — 3 — 2 — 7 Residential mortgage loans — — 1 — 10 2 13 Consumer loans: Home equity — — — — — 1 1 Credit card — 4 — — — — 4 Total portfolio loans $ 2 4 4 — 12 3 25 The following table presents the amortized cost basis as of September 30, 2024 of the modifications for borrowers experiencing financial difficulty that subsequently defaulted during the nine months ended September 30, 2024 and were within twelve months of the modification date: ($ in millions) Term Extension Interest Rate Reduction Payment Delay Term Extension and Interest Rate Reduction Term Extension and Payment Delay Term Extension, Interest Rate Reduction and Payment Delay Total Commercial loans: Commercial and industrial loans $ 10 — 5 1 8 — 24 Residential mortgage loans — — 2 — 25 2 29 Consumer loans: Home equity — 1 — — — 1 2 Credit card — 8 — — — — 8 Total portfolio loans $ 10 9 7 1 33 3 63

Bank Premises and Equipment (Ta

Bank Premises and Equipment (Tables)	9 Months Ended
Bank Premises and Equipment (Tables)	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Summary of Bank Premises and Equipment	The following table provides a summary of bank premises and equipment as of: ($ in millions) September 30, December 31, Equipment $ 2,709 2,578 Buildings (a) 1,764 1,742 Leasehold improvements 712 685 Land and improvements (a) 622 618 Construction in progress (a) 207 180 Bank premises and equipment held for sale: Land and improvements 10 15 Equipment 10 — Buildings 4 4 Accumulated depreciation and amortization (3,613) (3,473) Total bank premises and equipment $ 2,425 2,349 (a) Buildings, land and improvements and construction in progress included $1 and $9 associated with parcels of undeveloped land intended for future branch expansion at September 30, 2024 and December 31, 2023, respectively.

Operating Lease Equipment (Tabl

Operating Lease Equipment (Tables)	9 Months Ended
Operating Lease Equipment (Tables)	Sep. 30, 2024
Leases [Abstract]
Future Lease Payments Receivable from Operating Leases	The following table presents future lease payments receivable from operating leases for the remainder of 2024 through 2029 and thereafter: As of September 30, 2024 ($ in millions) Undiscounted Remainder of 2024 $ 25 2025 76 2026 50 2027 26 2028 11 2029 6 Thereafter 9 Total operating lease payments $ 203

Lease Obligations - Lessee (Tab

Lease Obligations - Lessee (Tables)	9 Months Ended
Lease Obligations - Lessee (Tables)	Sep. 30, 2024
Leases [Abstract]
Lease Assets and Lease Liabilities	The following table provides a summary of lease assets and lease liabilities as of: ($ in millions) Condensed Consolidated Balance Sheets Caption September 30, December 31, Assets: Operating lease ROU assets Other assets $ 525 511 Finance lease ROU assets Bank premises and equipment 153 126 Total ROU assets (a) $ 678 637 Liabilities: Operating lease liabilities Accrued taxes, interest and expenses $ 609 601 Finance lease liabilities Long-term debt 166 134 Total lease liabilities $ 775 735 (a) Operating and finance lease ROU assets are recorded net of accumulated amortization of $328 and $58, respectively, as of September 30, 2024, and $292 and $77, respectively, as of December 31, 2023.
Components of Lease Costs, Weighted-Average Lease Term and Discount Rate	The following table presents the components of lease costs: ($ in millions) Condensed Consolidated Statements of Income Caption For the three months ended For the nine months ended 2024 2023 2024 2023 Lease costs: Amortization of ROU assets Net occupancy and equipment expense $ 5 5 16 15 Interest on lease liabilities Interest on long-term debt 2 1 4 3 Total finance lease costs $ 7 6 20 18 Operating lease cost Net occupancy expense $ 23 22 66 65 Short-term lease cost Net occupancy expense — 1 1 2 Variable lease cost Net occupancy expense 7 7 21 22 Sublease income Net occupancy expense (1) (1) (2) (2) Total operating lease costs $ 29 29 86 87 Total lease costs $ 36 35 106 105 The following table presents the weighted-average remaining lease term and weighted-average discount rate as of: September 30, December 31, Weighted-average remaining lease term (years): Operating leases 11.47 11.07 Finance leases 12.69 15.21 Weighted-average discount rate: Operating leases 4.05 % 3.72 Finance leases 3.78 3.02 The following table presents information related to lease transactions for the nine months ended September 30: ($ in millions) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: (a) Operating cash flows from operating leases $ 71 68 Operating cash flows from finance leases 4 3 Financing cash flows from finance leases 14 12 Gains on sale-leaseback transactions — 1 (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 the remainder of 2024 through 2029 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of September 30, 2024 ($ in millions) Operating Finance Total Remainder of 2024 $ 32 6 38 2025 93 23 116 2026 84 22 106 2027 76 21 97 2028 68 21 89 2029 58 11 69 Thereafter 381 104 485 Total undiscounted cash flows $ 792 208 1,000 Less: Difference between undiscounted cash flows and discounted cash flows 183 42 225 Present value of lease liabilities $ 609 166 775
Undiscounted Cash Flows for Finance Leases	The following table presents undiscounted cash flows for both operating leases and finance leases for the remainder of 2024 through 2029 and thereafter as well as a reconciliation of the undiscounted cash flows to the total lease liabilities: As of September 30, 2024 ($ in millions) Operating Finance Total Remainder of 2024 $ 32 6 38 2025 93 23 116 2026 84 22 106 2027 76 21 97 2028 68 21 89 2029 58 11 69 Thereafter 381 104 485 Total undiscounted cash flows $ 792 208 1,000 Less: Difference between undiscounted cash flows and discounted cash flows 183 42 225 Present value of lease liabilities $ 609 166 775

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
Goodwill (Tables)	Sep. 30, 2024
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 nine months ended September 30, 2024 and the year ended December 31, 2023 were as follows: ($ in millions) Commercial Consumer and Small Business Wealth General Total Goodwill $ 3,074 2,580 226 — 5,880 Accumulated impairment losses (750) (215) — — (965) Net carrying value as of December 31, 2022 2,324 2,365 226 — 4,915 Acquisition activity — 4 — — 4 Net carrying value as of December 31, 2023 2,324 2,369 226 — 4,919 Sale of business — — (1) — (1) Net carrying value as of September 30, 2024 $ 2,324 2,369 225 — 4,918

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
Intangible Assets (Tables)	Sep. 30, 2024
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 Accumulated Net Carrying As of September 30, 2024 Core deposit intangibles $ 206 (192) 14 Developed technology 106 (46) 60 Customer relationships 28 (9) 19 Other 13 (8) 5 Total intangible assets $ 353 (255) 98 As of December 31, 2023 Core deposit intangibles $ 209 (184) 25 Developed technology 106 (33) 73 Customer relationships 30 (10) 20 Other 16 (9) 7 Total intangible assets $ 361 (236) 125
Estimated Amortization Expense	Estimated amortization expense for the remainder of 2024 through 2028 is as follows: ($ in millions) Total Remainder of 2024 $ 9 2025 28 2026 22 2027 14 2028 9

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
Variable Interest Entities (Tables)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation of VIEs	The following table provides a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets for the consolidated VIEs as of: ($ in millions) September 30, December 31, Assets: Other short-term investments $ 50 55 Indirect secured consumer loans 1,097 1,535 Solar energy installation loans 34 38 ALLL (21) (28) Other assets 8 10 Total assets $ 1,168 1,610 Liabilities: Other liabilities $ 13 14 Long-term debt 1,008 1,409 Total liabilities $ 1,021 1,423
Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses	The following tables provide a summary of assets and liabilities carried on the Condensed Consolidated Balance Sheets related to non-consolidated VIEs for which the Bancorp holds an interest, but is not the primary beneficiary of the VIE, as well as the Bancorp’s maximum exposure to losses associated with its interests in the entities as of: September 30, 2024 ($ in millions) Total Total Maximum CDC investments $ 2,136 751 2,178 Private equity investments 268 — 484 Loans provided to VIEs 4,411 — 6,883 Lease pool entities 33 — 33 Solar loan securitizations 8 — 8 December 31, 2023 ($ in millions) Total Total Maximum CDC investments $ 2,007 690 2,054 Private equity investments 230 — 400 Loans provided to VIEs 4,274 — 6,395 Lease pool entities 42 — 42 Solar loan securitizations 9 — 9
Schedule of Investments, Proportional Amortization Method	The following table summarizes the impacts to the Condensed Consolidated Statements of Income related to these investments: Condensed Consolidated Statements of Income Caption (a) For the three months ended September 30, For the nine months ended September 30, ($ in millions) 2024 2023 2024 2023 Proportional amortization Applicable income tax expense $ 50 47 150 148 Tax credits and other benefits (b) Applicable income tax expense (67) (60) (190) (178) Changes in carrying amounts of equity method investments (c) Other noninterest expense 2 — 6 — (a) The Bancorp did not recognize impairment losses resulting from the forfeiture or ineligibility of tax credits or other circumstances during both the three and nine months ended September 30, 2024 and 2023. (b) The related cash flows are classified as operating activities in the Condensed Consolidated Statements of Cash Flows primarily in net change in other assets. (c)

Sales of Receivables and Serv_2

Sales of Receivables and Servicing Rights (Tables)	9 Months Ended
Sales of Receivables and Servicing Rights (Tables)	Sep. 30, 2024
Transfers and Servicing [Abstract]
Activity Related to Mortgage Banking Net Revenue	Information related to residential mortgage loan sales and the Bancorp’s mortgage banking activity, which is included in mortgage banking net revenue in the Condensed Consolidated Statements of Income, is as follows: For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Residential mortgage loan sales (a) $ 1,327 1,374 2,802 3,882 Origination fees and gains on loan sales 18 19 50 59 Gross mortgage servicing fees 77 79 233 241 (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 nine months ended September 30: ($ in millions) 2024 2023 Balance, beginning of period $ 1,737 1,746 Servicing rights originated 36 57 Servicing rights purchased — 25 Servicing rights sold (5) — Changes in fair value: Due to changes in inputs or assumptions (a) 1 107 Other changes in fair value (b) (113) (113) Balance, end of period $ 1,656 1,822 (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.
Activity Related to the MSR Portfolio	The following table presents activity related to valuations of the MSR portfolio and the impact of the non-qualifying hedging strategy: For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio (a) $ 45 (75) (17) (110) MSR fair value adjustment due to changes in inputs or assumptions (a) (49) 73 1 107 (a) Included in mortgage banking net revenue in the Condensed Consolidated Statements of Income.
Servicing Assets and Residual Interests Economic Assumptions	The key economic assumptions used in measuring the servicing rights related to residential mortgage loans that continued to be held by the Bancorp at the date of sale, securitization or purchase resulting from transactions completed during the three months ended September 30, 2024 and 2023 were as follows: September 30, 2024 September 30, 2023 Weighted- Prepayment OAS Weighted- Prepayment OAS Fixed-rate 5.8 15.4 % 494 6.6 12.2 % 575
Sensitivity of the Current Fair Value of Residual Cash Flows to Immediate 10%, 20% and 50% Adverse Changes in Assumptions	At September 30, 2024, the sensitivity of the current fair value of residual cash flows to immediate 10%, 20% and 50% adverse changes in prepayment speed assumptions and immediate 10% and 20% adverse changes in OAS for servicing rights related to residential mortgage loans are as follows: ($ in millions) (a) Prepayment OAS Fair Value Weighted- Impact of Adverse Change OAS Impact of Adverse Change on Fair Value Rate 10% 20% 50% 10% 20% Fixed-rate $ 1,653 8.4 6.7 % $ (37) (74) (175) 470 $ (35) (69) Adjustable-rate 3 3.9 22.0 — — (1) 696 — — (a) The impact of the weighted-average default rate on the current fair value of residual cash flows for all scenarios is immaterial.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
Derivative Financial Instruments (Tables)	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The following tables reflect the notional amounts and fair values for all derivative instruments included in the Condensed Consolidated Balance Sheets as of: Fair Value September 30, 2024 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 5,955 — 27 Total fair value hedges — 27 Cash flow hedges: Interest rate floors related to C&I loans 3,000 — — Interest rate swaps related to C&I loans 8,000 — 10 Interest rate swaps related to C&I loans - forward starting (a) 4,000 — — Interest rate swaps related to commercial mortgage and commercial construction loans - forward starting (a) 4,000 — — Total cash flow hedges — 10 Total derivatives designated as qualifying hedging instruments — 37 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives – risk management and other business purposes: Interest rate contracts related to MSR portfolio 3,505 11 1 Forward contracts related to residential mortgage loans measured at fair value (b) 1,040 1 4 Swap associated with the sale of Visa, Inc. Class B Shares 2,206 — 196 Foreign exchange contracts 175 — — Interest-only strips 32 1 — Interest rate contracts for collateral management 1,000 — — Interest rate contracts for LIBOR transition 597 — — Other 41 — — Total free-standing derivatives – risk management and other business purposes 13 201 Free-standing derivatives – customer accommodation: Interest rate contracts (c)(d) 89,233 628 777 Interest rate lock commitments 398 6 — Commodity contracts 16,977 712 702 TBA securities 17 — — Foreign exchange contracts 38,815 739 710 Total free-standing derivatives – customer accommodation 2,085 2,189 Total derivatives not designated as qualifying hedging instruments 2,098 2,390 Total $ 2,098 2,427 (a) Forward starting swaps will become effective on various dates between December 2024 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 $190 and $49, respectively. (d) Includes replacement contracts with a notional amount of approximately $675 million which were the result of certain central clearing parties replacing existing LIBOR-based contracts with multiple separate contracts as part of the LIBOR transition. Fair Value December 31, 2023 ($ in millions) Notional Derivative Derivative Derivatives Designated as Qualifying Hedging Instruments: Fair value hedges: Interest rate swaps related to long-term debt $ 5,955 — 32 Total fair value hedges — 32 Cash flow hedges: Interest rate floors related to C&I loans 3,000 1 — Interest rate swaps related to C&I loans 8,000 2 11 Interest rate swaps related to C&I loans - forward starting (a) 6,000 6 1 Interest rate swaps related to commercial mortgage and commercial construction loans - forward starting (a) 4,000 1 1 Total cash flow hedges 10 13 Total derivatives designated as qualifying hedging instruments 10 45 Derivatives Not Designated as Qualifying Hedging Instruments: Free-standing derivatives – risk management and other business purposes: Interest rate contracts related to MSR portfolio 3,205 81 — Forward contracts related to residential mortgage loans measured at fair value (b) 650 — 5 Swap associated with the sale of Visa, Inc. Class B Shares 4,178 — 168 Foreign exchange contracts 190 — 4 Interest-only strips 39 1 — Interest rate contracts for collateral management 5,000 1 1 Interest rate contracts for LIBOR transition 597 — — Other 30 — — Total free-standing derivatives – risk management and other business purposes 83 178 Free-standing derivatives – customer accommodation: Interest rate contracts (c)(d) 95,079 885 1,162 Interest rate lock commitments 252 5 — Commodity contracts 17,621 1,051 1,018 TBA securities 27 — — Foreign exchange contracts 37,734 643 596 Total free-standing derivatives – customer accommodation 2,584 2,776 Total derivatives not designated as qualifying hedging instruments 2,667 2,954 Total $ 2,677 2,999 (a) Forward starting swaps will become effective on various dates between June 2024 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 $335 and $58, respectively. (d) Includes replacement contracts with a notional amount of approximately $675 million which were the result of certain central clearing parties replacing existing LIBOR-based contracts with multiple separate contracts as part of the LIBOR transition.
Net Gains (Losses) Recognized in the Income Statement Related to Derivatives in Fair Value Hedging Relationships	The following table reflects the changes in fair value of interest rate contracts, designated as fair value hedges and the changes in fair value of the related hedged items attributable to the risk being hedged, as well as the line items in the Condensed Consolidated Statements of Income in which the corresponding gains or losses are recorded: Condensed Consolidated For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Long-term debt: Change in fair value of interest rate swaps hedging long-term debt Interest on long-term debt $ 190 (147) 76 (186) Change in fair value of hedged long-term debt attributable to the risk being hedged Interest on long-term debt (190) 146 (76) 188 The following amounts were recorded in the Condensed Consolidated Balance Sheets related to cumulative basis adjustments for fair value hedges as of: ($ in millions) Condensed Consolidated September 30, December 31, Long-term debt: Carrying amount of the hedged items Long-term debt $ 5,977 5,899 Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items Long-term debt 38 (38) 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 (10) (11)
Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges	The following table presents the pre-tax net (losses) gains recorded in the Condensed Consolidated Statements of Income and in the Condensed Consolidated Statements of Comprehensive Income relating to derivative instruments designated as cash flow hedges: For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Amount of pre-tax net (losses) gains recognized in OCI $ 530 (687) (29) (864) Amount of pre-tax net losses reclassified from OCI into net income (91) (94) (270) (240)
Schedule of Price Risk Derivatives	The net (losses) gains recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for risk management and other business purposes are summarized in the following table: Condensed Consolidated For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Interest rate contracts: Interest rate contracts related to MSR portfolio Mortgage banking net revenue $ 45 (75) (17) (110) Forward contracts related to residential mortgage loans measured at fair value Mortgage banking net revenue (7) 6 (1) 9 Interest-only strips Other noninterest income — — — (3) Foreign exchange contracts: Foreign exchange contracts for risk management purposes Other noninterest income (1) 5 5 1 Equity contracts: Swap associated with sale of Visa, Inc. Class B Shares Other noninterest income (47) (10) (87) (72)
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: ($ in millions) September 30, December 31, Pass $ 3,026 3,168 Special mention 149 323 Substandard 95 72 Total $ 3,270 3,563
Net Gains (Losses) Recognized in the Income Statement Related to Free-Standing Derivative Instruments Used For Customer Accommodation	The net gains (losses) recorded in the Condensed Consolidated Statements of Income relating to free-standing derivative instruments used for customer accommodation are summarized in the following table: Condensed Consolidated For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Interest rate contracts: Interest rate contracts for customers (contract revenue) Commercial banking revenue $ 9 5 20 26 Interest rate contracts for customers (credit portion of fair value adjustment) Other noninterest expense (4) 4 — 2 Interest rate lock commitments Mortgage banking net revenue 17 7 37 33 Commodity contracts: Commodity contracts for customers (contract revenue) Commercial banking revenue 3 9 11 30 Commodity contracts for customers (credit portion of fair value adjustment) Other noninterest expense — 1 1 — Foreign exchange contracts: Foreign exchange contracts for customers (contract revenue) Commercial banking revenue 18 24 57 67 Foreign exchange contracts for customers (contract revenue) Other noninterest income (16) 7 (13) — Foreign exchange contracts for customers (credit portion of fair value adjustment) Other noninterest expense — 1 — 3
Offsetting Derivative Financial Instruments	The following table provides a summary of offsetting derivative financial instruments: Gross Amount Recognized in the Condensed Consolidated Balance Sheets (a) Gross Amounts Not Offset in the Derivatives Collateral (b) Net Amount As of September 30, 2024 Derivative assets $ 2,092 (1,178) (251) 663 Derivative liabilities 2,427 (1,178) (231) 1,018 As of December 31, 2023 Derivative assets $ 2,672 (1,031) (877) 764 Derivative liabilities 2,999 (1,031) (159) 1,809 (a) Amount does not include IRLCs because these instruments are not subject to master netting or similar arrangements. (b) Amount of collateral received as an offset to asset positions or pledged as an offset to liability positions. Collateral values in excess of related derivative amounts recognized in the Condensed Consolidated Balance Sheets were excluded from this table.

Other Short-Term Borrowings (Ta

Other Short-Term Borrowings (Tables)	9 Months Ended
Other Short-Term Borrowings (Tables)	Sep. 30, 2024
Short-Term Debt [Abstract]
Summary of Other Short-Term Borrowings	The following table presents a summary of the Bancorp’s other short-term borrowings as of: ($ in millions) September 30, December 31, FHLB advances $ 1,000 2,500 Securities sold under repurchase agreements 321 330 Derivative collateral 57 3 Other borrowed money 46 28 Total other short-term borrowings $ 1,424 2,861

Capital Actions (Tables)

Capital Actions (Tables)	9 Months Ended
Capital Actions (Tables)	Sep. 30, 2024
Equity [Abstract]
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 nine months ended September 30, 2024: Repurchase Date Amount Shares Repurchased on Repurchase Date Shares Received from Forward Contract Settlement Total Shares Repurchased Final Settlement Date June 12, 2024 $ 125 3,011,621 496,767 3,508,388 June 27, 2024 July 23, 2024 200 4,160,548 713,340 4,873,888 August 5, 2024

Commitments, Contingent Liabi_2

Commitments, Contingent Liabilities and Guarantees (Tables)	9 Months Ended
Commitments, Contingent Liabilities and Guarantees (Tables)	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Summary of Significant Commitments	The following table reflects a summary of significant commitments as of: ($ in millions) September 30, December 31, Commitments to extend credit $ 80,299 81,570 Letters of credit 1,998 2,095 Forward contracts related to residential mortgage loans measured at fair value 1,040 650 Capital commitments for private equity investments 216 170 Capital expenditures 100 95 Purchase obligations 36 69
Credit Risk Associated with Commitments	Risk ratings of outstanding commitments to extend credit under this risk rating system are summarized in the following table as of: ($ in millions) September 30, December 31, Pass $ 78,274 79,593 Special mention 836 1,301 Substandard 1,188 676 Doubtful 1 — Total commitments to extend credit $ 80,299 81,570
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 September 30, 2024: ($ in millions) Less than 1 year (a) $ 688 1 - 5 years (a) 1,270 Over 5 years 40 Total letters of credit $ 1,998 (a) Includes $1 and $2 issued on behalf of commercial customers to facilitate trade payments in U.S. dollars and foreign currencies which expire in less than 1 year and between 1 - 5 years, respectively.
Credit Risk Associated with Letters of Credit	Risk ratings of outstanding letters of credit under this risk rating system are summarized in the following table as of: ($ in millions) September 30, December 31, Pass $ 1,798 1,902 Special mention 75 81 Substandard 122 112 Doubtful 3 — Total letters of credit $ 1,998 2,095
Visa Funding and Bancorp Cash Payments	After the Bancorp’s sale of the Class B Shares, Visa has funded additional amounts into the litigation escrow account which have resulted in further dilutive adjustments to the conversion of Class B Shares into Class A Shares, and along with other terms of the total return swap, required the Bancorp to make cash payments in varying amounts to the swap counterparty as follows: Period ($ in millions) Visa Bancorp Cash Q2 2010 $ 500 20 Q4 2010 800 35 Q2 2011 400 19 Q1 2012 1,565 75 Q3 2012 150 6 Q3 2014 450 18 Q2 2018 600 26 Q3 2019 300 12 Q4 2021 250 11 Q2 2022 600 25 Q4 2022 350 15 Q2 2023 500 21 Q3 2023 150 6 Q3 2024 1,500 (a) (a) The Bancorp made a cash payment of $65 million to the swap counterparty on October 23, 2024 as a result of the Visa escrow funding in the third quarter of 2024.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
Accumulated Other Comprehensive Income (Tables)	Sep. 30, 2024
Equity [Abstract]
Activity of the Components of Other Comprehensive Income and Accumulated Other Comprehensive Income	The tables below present the activity of the components of OCI and AOCI for the three months ended: Total OCI Total AOCI September 30, 2024 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding gains on available-for-sale debt securities arising during period $ 1,241 (297) 944 Reclassification adjustment for net losses on available-for-sale debt securities included in net income 11 (2) 9 Net unrealized losses on available-for-sale debt securities 1,252 (299) 953 (3,486) 953 (2,533) Amortization of unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities included in net income 33 (7) 26 Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities 33 (7) 26 (735) 26 (709) Unrealized holding gains on cash flow hedge derivatives arising during period 530 (127) 403 Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 91 (21) 70 Net unrealized losses on cash flow hedge derivatives 621 (148) 473 (659) 473 (186) Reclassification of amounts to net periodic benefit costs 1 — 1 Defined benefit pension plans, net 1 — 1 (17) 1 (16) Other 2 — 2 (4) 2 (2) Total $ 1,909 (454) 1,455 (4,901) 1,455 (3,446) Total OCI Total AOCI September 30, 2023 ($ in millions) Pre-tax Tax Net Beginning Net Ending Unrealized holding losses on available-for-sale debt securities arising during period $ (1,594) 376 (1,218) Reclassification adjustment for net losses on available-for-sale debt securities included in net income — — — Net unrealized losses on available-for-sale debt securities (1,594) 376 (1,218) (4,622) (1,218) (5,840) Unrealized holding losses on cash flow hedge derivatives arising during period (687) 160 (527) Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 94 (22) 72 Net unrealized losses on cash flow hedge derivatives (593) 138 (455) (522) (455) (977) Reclassification of amounts to net periodic benefit costs — — — Defined benefit pension plans, net — — — (18) — (18) Other — — — (4) — (4) Total $ (2,187) 514 (1,673) (5,166) (1,673) (6,839) The tables below present the activity of the components of OCI and AOCI for the nine months ended: Total OCI Total AOCI September 30, 2024 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding gains on available-for-sale debt securities arising during period $ 1,001 (238) 763 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 17 (4) 13 Net unrealized losses on available-for-sale debt securities 2,012 (451) 1,561 (4,094) 1,561 (2,533) 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 income 97 (21) 76 Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities (897) 188 (709) — (709) (709) Unrealized holding losses on cash flow hedge derivatives arising during period (29) 7 (22) Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 270 (62) 208 Net unrealized losses on cash flow hedge derivatives 241 (55) 186 (372) 186 (186) Reclassification of amounts to net periodic benefit costs 1 — 1 Defined benefit pension plans, net 1 — 1 (17) 1 (16) Other 2 — 2 (4) 2 (2) Total $ 1,359 (318) 1,041 (4,487) 1,041 (3,446) Total OCI Total AOCI September 30, 2023 ($ in millions) Pre-tax Tax Effect Net Activity Beginning Balance Net Activity Ending Balance Unrealized holding losses on available-for-sale debt securities arising during period $ (1,638) 386 (1,252) 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 securities (1,637) 386 (1,251) (4,589) (1,251) (5,840) Unrealized holding losses on cash flow hedge derivatives arising during period (864) 200 (664) Reclassification adjustment for net losses on cash flow hedge derivatives included in net income 240 (55) 185 Net unrealized losses on cash flow hedge derivatives (624) 145 (479) (498) (479) (977) Reclassification of amounts to net periodic benefit costs 1 — 1 Defined benefit pension plans, net 1 — 1 (19) 1 (18) Other — — — (4) — (4) Total $ (2,260) 531 (1,729) (5,110) (1,729) (6,839)
Reclassification Out of Accumulated Other Comprehensive Income to Net Income	The table below presents reclassifications out of AOCI: Condensed Consolidated Statements of Income Caption For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Net unrealized losses on available-for-sale debt securities: (a) Net losses included in net income Securities gains (losses), net $ (11) — (17) (1) Income before income taxes (11) — (17) (1) Applicable income tax expense 2 — 4 — Net income (9) — (13) (1) Net unrealized losses on available-for-sale debt securities transferred to held-to-maturity securities: (a) Net losses included in net income Interest on securities (33) — (97) — Income before income taxes (33) — (97) — Applicable income tax expense 7 — 21 — Net income (26) — (76) — Net unrealized losses on cash flow hedge derivatives: (a) Interest rate contracts related to C&I, commercial mortgage and commercial construction loans Interest and fees on loans and leases (91) (94) (270) (240) Income before income taxes (91) (94) (270) (240) Applicable income tax expense 21 22 62 55 Net income (70) (72) (208) (185) Net periodic benefit costs: (a) Amortization of net actuarial loss Compensation and benefits (b) (1) — (1) (2) Income before income taxes (1) — (1) (1) Applicable income tax expense — — — — Net income (1) — (1) (1) Other: (a) Net losses included in net income Other noninterest expense (2) — (2) — Income before income taxes (2) — (2) — Applicable income tax expense — — — — Net income (2) — (2) — Total reclassifications for the period Net income $ (108) (72) (300) (187) (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 of the Notes to Consolidated Financial Statements included in the Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2023 for further information.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	The following table provides the calculation of earnings per share and the reconciliation of earnings per share and earnings per diluted share: For the three months ended For the nine months ended ($ in millions, except per share data) 2024 2023 2024 2023 Net income available to common shareholders $ 532 623 $ 1,573 1,719 Average common shares outstanding - basic 681 684 684 684 Effect of dilutive stock-based awards 5 3 5 4 Average common shares outstanding - diluted $ 686 687 $ 689 688 Earnings per share - basic $ 0.78 0.91 $ 2.30 2.51 Earnings per share - diluted 0.78 0.91 2.28 2.50 Anti-dilutive stock-based awards excluded from diluted shares 1 6 2 6

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables summarize assets and liabilities measured at fair value on a recurring basis as of: Fair Value Measurements Using September 30, 2024 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 4,350 — — 4,350 Obligations of states and political subdivisions securities — — — — Mortgage-backed securities: Agency residential mortgage-backed securities — 5,017 — 5,017 Agency commercial mortgage-backed securities — 21,719 — 21,719 Non-agency commercial mortgage-backed securities — 4,399 — 4,399 Asset-backed securities and other debt securities — 4,134 — 4,134 Available-for-sale debt and other securities (a) 4,350 35,269 — 39,619 Trading debt securities: U.S. Treasury and federal agencies securities 596 23 — 619 Obligations of states and political subdivisions securities — 86 — 86 Agency residential mortgage-backed securities — 12 — 12 Asset-backed securities and other debt securities — 459 — 459 Trading debt securities 596 580 — 1,176 Equity securities 394 34 — 428 Residential mortgage loans held for sale — 512 — 512 Residential mortgage loans (b) — — 114 114 Servicing rights — — 1,656 1,656 Derivative assets: Interest rate contracts 2 638 7 647 Foreign exchange contracts — 739 — 739 Commodity contracts 152 560 — 712 Derivative assets (c) 154 1,937 7 2,098 Total assets $ 5,494 38,332 1,777 45,603 Liabilities: Derivative liabilities: Interest rate contracts $ 4 810 5 819 Foreign exchange contracts — 710 — 710 Equity contracts — — 196 196 Commodity contracts 30 672 — 702 Derivative liabilities (d) 34 2,192 201 2,427 Short positions: U.S. Treasury and federal agencies securities 81 1 — 82 Asset-backed securities and other debt securities — 149 — 149 Short positions (d) 81 150 — 231 Total liabilities $ 115 2,342 201 2,658 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $275, $499 and $3, respectively, at September 30, 2024. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets. Fair Value Measurements Using December 31, 2023 ($ in millions) Level 1 Level 2 Level 3 Total Fair Value Assets: Available-for-sale debt and other securities: U.S. Treasury and federal agencies securities $ 4,336 — — 4,336 Obligations of states and political subdivisions securities — 2 — 2 Mortgage-backed securities: Agency residential mortgage-backed securities — 10,282 — 10,282 Agency commercial mortgage-backed securities — 25,720 — 25,720 Non-agency commercial mortgage-backed securities — 4,445 — 4,445 Asset-backed securities and other debt securities — 4,912 — 4,912 Available-for-sale debt and other securities (a) 4,336 45,361 — 49,697 Trading debt securities: U.S. Treasury and federal agencies securities 640 7 — 647 Obligations of states and political subdivisions securities — 39 — 39 Agency residential mortgage-backed securities — 6 — 6 Asset-backed securities and other debt securities — 207 — 207 Trading debt securities 640 259 — 899 Equity securities 600 13 — 613 Residential mortgage loans held for sale — 334 — 334 Residential mortgage loans (b) — — 116 116 Servicing rights — — 1,737 1,737 Derivative assets: Interest rate contracts — 977 6 983 Foreign exchange contracts — 643 — 643 Commodity contracts 205 846 — 1,051 Derivative assets (c) 205 2,466 6 2,677 Total assets $ 5,781 48,433 1,859 56,073 Liabilities: Derivative liabilities: Interest rate contracts $ 5 1,202 6 1,213 Foreign exchange contracts — 600 — 600 Equity contracts — — 168 168 Commodity contracts 28 990 — 1,018 Derivative liabilities (d) 33 2,792 174 2,999 Short positions: U.S. Treasury and federal agencies securities 31 — — 31 Asset-backed securities and other debt securities — 76 — 76 Short positions (d) 31 76 — 107 Total liabilities $ 64 2,868 174 3,106 (a) Excludes FHLB, FRB and DTCC restricted stock holdings totaling $224, $496 and $2, respectively, at December 31, 2023. (b) Includes residential mortgage loans originated as held for sale and subsequently transferred to held for investment. (c) Included in other assets in the Condensed Consolidated Balance Sheets. (d) Included in other liabilities in the Condensed Consolidated Balance Sheets.
Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs	The following tables are a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the three months ended September 30, 2024 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 109 1,731 — (164) 1,676 Total (losses) gains (realized/unrealized): (b) Included in earnings 7 (90) 18 (47) (112) Purchases/originations — 15 — — 15 Settlements (3) — (16) 15 (4) Transfers into Level 3 (c) 1 — — — 1 Balance, end of period $ 114 1,656 2 (196) 1,576 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 September 30, 2024 $ 7 (66) 6 (47) (100) (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $ 5 , respectively, as of September 30, 2024. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 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 three months ended September 30, 2023 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 124 1,764 2 (204) 1,686 Total gains (losses) (realized/unrealized): (b) Included in earnings (7) 34 7 (10) 24 Purchases/originations — 24 — — 24 Settlements (5) — (11) 42 26 Transfers into Level 3 (c) 1 — — — 1 Balance, end of period $ 113 1,822 (2) (172) 1,761 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to instruments still held at September 30, 2023 $ (7) 56 3 (10) 42 (a) Net interest rate derivatives include derivative assets and liabilities of $5 and $7, respectively, as of September 30, 2023. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2023. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the nine months ended September 30, 2024 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 116 1,737 — (168) 1,685 Total (losses) gains (realized/unrealized): (b) Included in earnings 4 (112) 38 (87) (157) Purchases/originations — 36 (1) — 35 Sales — (5) — — (5) Settlements (9) — (35) 59 15 Transfers into Level 3 (c) 3 — — — 3 Balance, end of period $ 114 1,656 2 (196) 1,576 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 September 30, 2024 $ 4 (44) 7 (87) (120) (a) Net interest rate derivatives include derivative assets and liabilities of $7 and $5, respectively, as of September 30, 2024. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2024. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) For the nine months ended September 30, 2023 ($ in millions) Residential Servicing Interest Rate Derivatives, Net (a) Equity Total Balance, beginning of period $ 123 1,746 (1) (195) 1,673 Total (losses) gains (realized/unrealized): (b) Included in earnings (4) (6) 32 (72) (50) Purchases/originations — 82 (2) — 80 Settlements (11) — (31) 95 53 Transfers into Level 3 (c) 5 — — — 5 Balance, end of period $ 113 1,822 (2) (172) 1,761 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 September 30, 2023 $ (4) 53 3 (72) (20) (a) Net interest rate derivatives include derivative assets and liabilities of $5 and $7, respectively, as of September 30, 2023. (b) There were no unrealized gains or losses for the period included in other comprehensive income for instruments still held at September 30, 2023. (c) Includes certain residential mortgage loans originated as held for sale that were transferred to held for investment.
Total Gains and Losses Included in Earnings for Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs	The total losses and gains included in earnings for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Mortgage banking net revenue $ (66) 33 (71) 19 Commercial banking revenue 1 1 2 3 Other noninterest income (47) (10) (88) (72) Total (losses) gains $ (112) 24 (157) (50) 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 September 30, 2024 and 2023 were recorded in the Condensed Consolidated Statements of Income as follows: For the three months ended For the nine months ended ($ in millions) 2024 2023 2024 2023 Mortgage banking net revenue $ (54) 51 (34) 49 Commercial banking revenue 1 1 2 3 Other noninterest income (47) (10) (88) (72) Total (losses) gains $ (100) 42 (120) (20)
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Input, Recurring	The following tables present information as of September 30, 2024 and 2023 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 September 30, 2024 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 114 Loss rate model Interest rate risk factor (52.3) - 4.3% (9.3) % (a) Credit risk factor — - 0.5% 0.1 % (a) Servicing rights 1,656 DCF Prepayment speed — - 100.0% (Fixed) 6.7 % (b) (Adjustable) 22.0 % (b) OAS (bps) 420 - 1,833 (Fixed) 470 (b) (Adjustable) 696 (b) IRLCs, net 6 DCF Loan closing rates 18.5 - 96.0% 78.7 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (196) DCF Timing of the resolution Q4 2026 - Q1 2028 Q2 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. As of September 30, 2023 ($ in millions) Financial Instrument Fair Value Valuation Significant Range of Inputs Weighted-Average Residential mortgage loans $ 113 Loss rate model Interest rate risk factor (28.7) - 4.0 % (16.9) % (a) Credit risk factor — - 0.6 % 0.2 % (a) Servicing rights 1,822 DCF Prepayment speed — - 100.0 % (Fixed) 5.0 % (b) (Adjustable) 20.3 % (b) OAS (bps) 477 - 1,447 (Fixed) 582 (b) (Adjustable) 1,204 (b) IRLCs, net 4 DCF Loan closing rates 33.2 - 97.5 % 82.3 % (c) Swap associated with the sale of Visa, Inc. Class B Shares (172) DCF Timing of the resolution Q3 2024 - Q1 2027 Q4 2025 (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 September 30, 2024 and 2023, and for which a nonrecurring fair value adjustment was recorded during the three and nine months ended September 30, 2024 and 2023, 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 Using Total (Losses) Gains As of September 30, 2024 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended September 30, 2024 For the nine months ended September 30, 2024 Commercial loans held for sale $ — — 47 47 (1) (1) Commercial loans and leases — — 125 125 (73) (177) Consumer and residential mortgage loans — — 208 208 (7) (10) OREO — — 6 6 — (1) Bank premises and equipment — — 9 9 — — Private equity investments — 3 — 3 2 11 Total $ — 3 395 398 (79) (178) Fair Value Measurements Using Total Losses As of September 30, 2023 ($ in millions) Level 1 Level 2 Level 3 Total For the three months ended September 30, 2023 For the nine months ended September 30, 2023 Commercial loans and leases $ — — 154 154 (21) (118) Consumer and residential mortgage loans — — 188 188 (2) (10) OREO — — 18 18 (7) (8) Bank premises and equipment — — 4 4 — (2) Private equity investments — — — — — (2) Total $ — — 364 364 (30) (140)
Quantitative Information About Significant Unobservable Level 3 Fair Value Measurement Input, Nonrecurring	The following tables present information as of September 30, 2024 and 2023 about significant unobservable inputs related to the Bancorp’s material categories of Level 3 financial assets and liabilities measured on a nonrecurring basis: As of September 30, 2024 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans held for sale $ 47 Comparable company analysis Market comparable transactions NM NM Commercial loans and leases 125 Appraised value Collateral value NM NM Consumer and residential mortgage loans 208 Appraised value Collateral value NM NM OREO 6 Appraised value Appraised value NM NM Bank premises and equipment 9 Appraised value Appraised value NM NM Private equity investments — Comparable company analysis Market comparable transactions NM NM As of September 30, 2023 ($ in millions) Financial Instrument Fair Value Valuation Technique Significant Unobservable Inputs Ranges of Weighted-Average Commercial loans and leases $ 154 Appraised value Collateral value NM NM Consumer and residential mortgage loans 188 Appraised value Collateral value NM NM OREO 18 Appraised value Appraised value NM NM Bank premises and equipment 4 Appraised value Appraised value NM NM Private equity investments — Comparable company analysis Market comparable transactions NM NM
Difference Between the Fair Value and the Unpaid Principal Balance for Loans	The following table summarizes the difference between the fair value and the unpaid principal balance for residential mortgage loans measured at fair value as of: September 30, 2024 ($ in millions) Aggregate Fair Value Aggregate Unpaid Principal Balance Difference Residential mortgage loans measured at fair value $ 626 624 2 Past due loans of 30-89 days 1 1 — Nonaccrual loans 1 1 — December 31, 2023 Residential mortgage loans measured at fair value $ 450 456 (6) Past due loans of 30-89 days 1 1 — Nonaccrual loans 2 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 September 30, 2024 ($ in millions) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 3,215 3,215 — — 3,215 Other short-term investments 21,729 21,729 — — 21,729 Other securities 777 — 777 — 777 Held-to-maturity securities 11,358 2,379 9,173 2 11,554 Loans and leases held for sale 100 — — 100 100 Portfolio loans and leases: Commercial loans and leases 70,025 — — 70,529 70,529 Consumer and residential mortgage loans 44,224 — — 42,190 42,190 Total portfolio loans and leases, net $ 114,249 — — 112,719 112,719 Financial liabilities: Deposits $ 168,340 — 168,319 — 168,319 Federal funds purchased 169 169 — — 169 Other short-term borrowings 1,424 — 1,429 — 1,429 Long-term debt 17,058 13,979 3,452 — 17,431 Net Carrying Fair Value Measurements Using Total As of December 31, 2023 ($ in millions) Level 1 Level 2 Level 3 Financial assets: Cash and due from banks $ 3,142 3,142 — — 3,142 Other short-term investments 22,082 22,082 — — 22,082 Other securities 722 — 722 — 722 Held-to-maturity securities 2 — — 2 2 Loans and leases held for sale 44 — — 44 44 Portfolio loans and leases: Commercial loans and leases 71,616 — — 71,766 71,766 Consumer and residential mortgage loans 43,180 — — 41,410 41,410 Total portfolio loans and leases, net $ 114,796 — — 113,176 113,176 Financial liabilities: Deposits $ 168,912 — 168,873 — 168,873 Federal funds purchased 193 193 — — 193 Other short-term borrowings 2,861 — 2,872 — 2,872 Long-term debt 16,418 14,481 1,903 — 16,384

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
Business Segments (Tables)	Sep. 30, 2024
Segment Reporting [Abstract]
Results of Operations and Assets by Segment	The following tables present the results of operations and assets by business segment for the three months ended: September 30, 2024 ($ in millions) Commercial Consumer Wealth General Total Net interest income $ 669 1,031 50 (329) 1,421 Provision for credit losses 76 78 — 6 160 Net interest income after provision for credit losses $ 593 953 50 (335) 1,261 Noninterest income: Wealth and asset management revenue $ 1 64 98 — 163 Service charges on deposits 104 56 — 1 161 Commercial banking revenue 162 1 — — 163 Card and processing revenue 27 78 1 — 106 Mortgage banking net revenue — 50 — — 50 Leasing business revenue 43 — — — 43 Other noninterest income 11 31 — (27) 15 Securities gains, net 9 — — 1 10 Total noninterest income $ 357 280 99 (25) 711 Noninterest expense: Compensation and benefits $ 151 206 54 279 690 Technology and communications 3 7 — 111 121 Net occupancy expense 9 52 3 17 81 Equipment expense 7 13 — 18 38 Marketing expense 1 15 — 10 26 Leasing business expense 21 — — — 21 Card and processing expense 2 20 — — 22 Other noninterest expense 276 291 38 (360) 245 Total noninterest expense $ 470 604 95 75 1,244 Income (loss) before income taxes $ 480 629 54 (435) 728 Applicable income tax expense (benefit) 87 132 12 (76) 155 Net income (loss) $ 393 497 42 (359) 573 Total goodwill $ 2,324 2,369 225 — 4,918 Total assets $ 75,594 89,890 10,669 38,165 (a) 214,318 (a) Includes bank premises and equipment o f $24 classi fied as held for sale. For more information, refer to Note 7. September 30, 2023 ($ in millions) Commercial Consumer Wealth General Total Net interest income $ 1,007 1,390 98 (1,057) 1,438 Provision for credit losses — 105 1 13 119 Net interest income after provision for credit losses $ 1,007 1,285 97 (1,070) 1,319 Noninterest income: Wealth and asset management revenue $ — 53 92 — 145 Service charges on deposits 95 55 — (1) 149 Commercial banking revenue 154 1 — (1) 154 Card and processing revenue 23 78 — 3 104 Mortgage banking net revenue — 57 — — 57 Leasing business revenue 58 — — — 58 Other noninterest income 24 30 2 (1) 55 Securities losses, net (1) — — (6) (7) Total noninterest income $ 353 274 94 (6) 715 Noninterest expense: Compensation and benefits $ 156 217 53 203 629 Technology and communications 4 7 — 104 115 Net occupancy expense (b) 12 52 3 17 84 Equipment expense 7 11 — 19 37 Marketing expense 1 17 — 17 35 Leasing business expense 29 — — — 29 Card and processing expense 3 19 — (1) 21 Other noninterest expense 266 301 34 (363) 238 Total noninterest expense $ 478 624 90 (4) 1,188 Income (loss) before income taxes $ 882 935 101 (1,072) 846 Applicable income tax expense (benefit) 164 196 22 (196) 186 Net income (loss) $ 718 739 79 (876) 660 Total goodwill $ 2,324 2,369 226 — 4,919 Total assets $ 82,829 88,230 10,538 31,370 (a) 212,967 (a) Includes bank premises and equipment of $22 classified as held for sale. For more information, refer to Note 7. (b) Includes impairment losses and termination charges of $1 for ROU assets related to certain operating leases. For more information, refer to Note 9. The following tables present the results of operations and assets by business segment for the nine months ended: September 30, 2024 ($ in millions) Commercial Consumer and Small Business Wealth General Total Net interest income $ 2,012 3,210 162 (1,192) 4,192 Provision for (benefit from) credit losses 284 232 — (165) 351 Net interest income after provision for (benefit from) credit losses $ 1,728 2,978 162 (1,027) 3,841 Noninterest income: Wealth and asset management revenue $ 2 185 296 — 483 Service charges on deposits 307 159 1 — 467 Commercial banking revenue 446 4 1 — 451 Card and processing revenue 80 232 2 2 316 Mortgage banking net revenue — 153 1 — 154 Leasing business revenue 120 — — — 120 Other noninterest income 46 86 1 (30) 103 Securities gains, net 3 — — 20 23 Total noninterest income $ 1,004 819 302 (8) 2,117 Noninterest expense: Compensation and benefits $ 496 666 168 769 2,099 Technology and communications 10 22 1 318 351 Net occupancy expense 27 159 9 56 251 Equipment expense 21 38 — 55 114 Marketing expense 2 55 1 34 92 Leasing business expense 69 — — — 69 Card and processing expense 6 57 1 (1) 63 Other noninterest expense 797 871 112 (1,012) 768 Total noninterest expense $ 1,428 1,868 292 219 3,807 Income (loss) before income taxes $ 1,304 1,929 172 (1,254) 2,151 Applicable income tax expense (benefit) 224 405 36 (208) 457 Net income (loss) $ 1,080 1,524 136 (1,046) 1,694 Total goodwill $ 2,324 2,369 225 — 4,918 Total assets $ 75,594 89,890 10,669 38,165 (a) 214,318 (a) Includes bank premises and equipment of $24 classified as held for sale. For more information, refer to Note 7. September 30, 2023 ($ in millions) Commercial Consumer and Small Business Banking Wealth General Total Net interest income $ 3,006 4,016 294 (2,905) 4,411 Provision for credit losses 37 221 1 201 460 Net interest income after provision for credit losses $ 2,969 3,795 293 (3,106) 3,951 Noninterest income: Wealth and asset management revenue $ 2 159 273 — 434 Service charges on deposits 275 159 — (3) 431 Commercial banking revenue 459 3 1 (2) 461 Card and processing revenue 69 231 2 8 310 Mortgage banking net revenue — 184 — — 184 Leasing business revenue 162 — — — 162 Other noninterest income (a) 68 83 2 (1) 152 Securities gains (losses), net (9) — — 12 3 Total noninterest income $ 1,026 819 278 14 2,137 Noninterest expense: Compensation and benefits $ 499 663 169 705 2,036 Technology and communications 10 20 1 316 347 Net occupancy expense (c) 32 156 9 51 248 Equipment expense 22 32 — 56 110 Marketing expense 2 52 1 41 96 Leasing business expense 94 — — — 94 Card and processing expense 8 57 1 (3) 63 Other noninterest expense 849 920 105 (1,118) 756 Total noninterest expense $ 1,516 1,900 286 48 3,750 Income (loss) before income taxes $ 2,479 2,714 285 (3,140) 2,338 Applicable income tax expense (benefit) 470 569 59 (579) 519 Net income (loss) $ 2,009 2,145 226 (2,561) 1,819 Total goodwill $ 2,324 2,369 226 — 4,919 Total assets $ 82,829 88,230 10,538 31,370 (b) 212,967 (a) Includes impairment charges of $1 for bank premises and equipment recorded in both Consumer and Small Business Banking and General Corporate and Other. For more information, refer to Note 7 and Note 23. (b) Includes bank premises and equipment of $22 classified as held for sale. For more information, refer to Note 7. (c) Includes impairment losses and termination charges of $2 for ROU assets related to certain operating leases. For more information, refer to Note 9.

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Payments:
Interest	$ 3,795	$ 2,554
Income taxes	126	496
Transfers:
Portfolio loans and leases to loans and leases held for sale	333	281
Loans and leases held for sale to portfolio loans and leases	3	5
Portfolio loans and leases to OREO	16	9
Bank premises and equipment to OREO	7	29
Available-for-sale debt securities to held-to-maturity securities	11,593	0
Supplemental Disclosures:
Net additions to lease liabilities under operating leases	59	56
Net additions (reductions) to lease liabilities under finance leases	$ 45	$ (6)

Accounting and Reporting Deve_2

Accounting and Reporting Developments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jan. 01, 2024	Dec. 31, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings	$ (23,820)		$ (22,997)
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings		$ 10

Investment Securities - Investm

Investment Securities - Investment Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Available-for-sale debt and other securities:
Amortized Cost	$ 43,754	$ 55,789
Unrealized Gains	12	9
Unrealized Losses	(3,370)	(5,379)
Fair Value	40,396	50,419
Held-to-maturity securities:
Amortized Cost	11,358	2
Unrealized Gains	197	0
Unrealized Losses	(1)	0
Fair Value	11,554	2
Trading debt securities	1,176	899
Equity securities	428	613
U.S. Treasury and federal agencies securities
Available-for-sale debt and other securities:
Amortized Cost	4,354	4,477
Unrealized Gains	0	1
Unrealized Losses	(4)	(142)
Fair Value	4,350	4,336
Held-to-maturity securities:
Amortized Cost	2,354
Unrealized Gains	25
Unrealized Losses	0
Fair Value	2,379
Obligations of states and political subdivisions securities
Available-for-sale debt and other securities:
Amortized Cost	0	2
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	0	2
Agency mortgage-backed securities \| Residential mortgage backed securities
Available-for-sale debt and other securities:
Amortized Cost	5,623	11,564
Unrealized Gains	0	0
Unrealized Losses	(606)	(1,282)
Fair Value	5,017	10,282
Held-to-maturity securities:
Amortized Cost	4,992
Unrealized Gains	75
Unrealized Losses	(1)
Fair Value	5,066
Agency mortgage-backed securities \| Commercial mortgage-backed securities
Available-for-sale debt and other securities:
Amortized Cost	24,008	28,945
Unrealized Gains	5	5
Unrealized Losses	(2,294)	(3,230)
Fair Value	21,719	25,720
Held-to-maturity securities:
Amortized Cost	4,010
Unrealized Gains	97
Unrealized Losses	0
Fair Value	4,107
Non-agency mortgage-backed securities \| Commercial mortgage-backed securities
Available-for-sale debt and other securities:
Amortized Cost	4,677	4,872
Unrealized Gains	2	0
Unrealized Losses	(280)	(427)
Fair Value	4,399	4,445
Asset-backed securities and other debt securities
Available-for-sale debt and other securities:
Amortized Cost	4,315	5,207
Unrealized Gains	5	3
Unrealized Losses	(186)	(298)
Fair Value	4,134	4,912
Held-to-maturity securities:
Amortized Cost	2	2
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	2	2
Other securities
Available-for-sale debt and other securities:
Amortized Cost	777	722
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	777	722
Held-to-maturity securities:
FHLB, restricted stock holdings	275	224
FRB, restricted stock holdings	499	496
DTCC, restricted stock holdings	$ 3	$ 2

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Summary of Investment Holdings [Line Items]
Accrued interest receivables on investment securities		$ 167		$ 167		$ 146
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		11	$ 1	21	$ 5
Securities with a fair value, pledged as collateral		31,400		31,400		25,200
Unrealized losses		3,370		3,370		5,379
Total gains (losses) recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities		10	(7)	23	3
Commercial Banking Revenue and Wealth and Asset Management Revenue
Summary of Investment Holdings [Line Items]
Total gains (losses) recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities		7	$ 2	9	$ 3
Available-for-sale debt securities transferred to held-to-maturity securities
Summary of Investment Holdings [Line Items]
AOCI offset, unamortized portion of unrealized losses on securities		897		897
Non-rated Securities
Summary of Investment Holdings [Line Items]
Unrealized losses		29		29		45
Other Debt Obligations [Member]
Summary of Investment Holdings [Line Items]
Restricted stock holdings		275		275		224
FRB, restricted stock holdings		499		499		496
DTCC, restricted stock holdings		$ 3		$ 3		$ 2

Investment Securities - Gains a

Investment Securities - Gains and Losses Recognized in Income from Securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Available-for-sale debt and other securities:
Realized gains	$ 0	$ 1	$ 4	$ 34
Realized losses	0	0	0	(30)
Impairment losses	(11)	(1)	(21)	(5)
Net losses on available-for-sale debt and other securities	(11)	0	(17)	(1)
Trading debt securities:
Net realized gains	1	0	0	0
Net unrealized gains	0	0	0	2
Net trading debt securities gains	1	0	0	2
Equity securities:
Net realized gains	4	2	15	3
Net unrealized gains (losses)	16	(9)	25	(1)
Net equity securities gains (losses)	20	(7)	40	2
Total (losses) gains recognized in income from available-for-sale debt and other securities, trading debt securities and equity securities	10	(7)	23	3
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	$ 7	$ 2	$ 9	$ 3

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Available-for-Sale Debt and Held-to-Maturity Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Available-for-Sale Debt and Other, Amortized Cost
Due in 1 year or less	$ 3,140
Due after 1 year through 5 years	17,036
Due after 5 years through 10 years	16,020
Due after 10 years	6,781
Other securities	777
Amortized Cost	43,754	$ 55,789
Available-for-Sale Debt and Other, Fair Value
Due in 1 year or less	3,117
Due after 1 year through 5 years	16,376
Due after 5 years through 10 years	14,120
Due after 10 years	6,006
Other securities	777
Fair Value	40,396	50,419
Held-to-Maturity, Amortized Cost
Due in 1 year or less	38
Due after 1 year through 5 years	3,071
Due after 5 years through 10 years	7,770
Due after 10 years	479
Other securities	0
Amortized Cost	11,358	2
Held-to-Maturity, Fair Value
Due in 1 year or less	38
Due after 1 year through 5 years	3,106
Due after 5 years through 10 years	7,908
Due after 10 years	502
Other securities	0
Fair Value	$ 11,554	$ 2

Investment Securities - Fair Va

Investment Securities - Fair Value and Gross Unrealized Losses on Available-for-Sale Debt Securities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value
Less than 12 months	$ 8,304	$ 7,990
12 months or more	30,108	40,782
Total	38,412	48,772
Unrealized Losses
Less than 12 months	(319)	(580)
12 months or more	(3,051)	(4,799)
Total	(3,370)	(5,379)
U.S. Treasury and federal agencies securities
Fair Value
Less than 12 months	4,210	1,989
12 months or more	0	2,157
Total	4,210	4,146
Unrealized Losses
Less than 12 months	(4)	(3)
12 months or more	0	(139)
Total	(4)	(142)
Agency mortgage-backed securities \| Residential mortgage backed securities
Fair Value
Less than 12 months	215	81
12 months or more	4,796	10,200
Total	5,011	10,281
Unrealized Losses
Less than 12 months	(1)	(2)
12 months or more	(605)	(1,280)
Total	(606)	(1,282)
Agency mortgage-backed securities \| Commercial mortgage-backed securities
Fair Value
Less than 12 months	3,736	5,439
12 months or more	17,651	19,957
Total	21,387	25,396
Unrealized Losses
Less than 12 months	(302)	(556)
12 months or more	(1,992)	(2,674)
Total	(2,294)	(3,230)
Non-agency mortgage-backed securities \| Commercial mortgage-backed securities
Fair Value
Less than 12 months	0	141
12 months or more	4,210	4,284
Total	4,210	4,425
Unrealized Losses
Less than 12 months	0	(2)
12 months or more	(280)	(425)
Total	(280)	(427)
Asset-backed securities and other debt securities
Fair Value
Less than 12 months	143	340
12 months or more	3,451	4,184
Total	3,594	4,524
Unrealized Losses
Less than 12 months	(12)	(17)
12 months or more	(174)	(281)
Total	$ (186)	$ (298)

Loans and Leases - Loans and Le

Loans and Leases - Loans and Leases Classified by Primary Purpose (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Loans and leases held for sale:
Loans held for sale		$ 612	$ 378
Portfolio loans and leases:
Total portfolio loans and leases	[1]	116,668	117,234
Commercial
Portfolio loans and leases:
Total portfolio loans and leases		71,130	72,746
Commercial \| Commercial and industrial loans
Loans and leases held for sale:
Loans held for sale		14	41
Portfolio loans and leases:
Total portfolio loans and leases		50,916	53,270
Commercial \| Commercial leases
Loans and leases held for sale:
Loans held for sale		2	3
Portfolio loans and leases:
Total portfolio loans and leases		2,873	2,579
Commercial \| Commercial mortgage loans
Loans and leases held for sale:
Loans held for sale		34	0
Portfolio loans and leases:
Total portfolio loans and leases		11,394	11,276
Commercial \| Commercial construction loans
Loans and leases held for sale:
Loans held for sale		50	0
Portfolio loans and leases:
Total portfolio loans and leases		5,947	5,621
Consumer
Portfolio loans and leases:
Total portfolio loans and leases		45,538	44,488
Consumer \| Residential mortgage loans
Loans and leases held for sale:
Loans held for sale		512	334
Portfolio loans and leases:
Total portfolio loans and leases		17,166	17,026
Consumer \| Home equity
Portfolio loans and leases:
Total portfolio loans and leases		4,074	3,916
Consumer \| Indirect secured consumer loans
Portfolio loans and leases:
Total portfolio loans and leases		15,942	14,965
Consumer \| Credit card
Portfolio loans and leases:
Total portfolio loans and leases		1,703	1,865
Consumer \| Solar energy installation loans
Portfolio loans and leases:
Total portfolio loans and leases		4,078	3,728
Consumer \| Other consumer loans
Portfolio loans and leases:
Total portfolio loans and leases		$ 2,575	$ 2,988

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.

Loans and Leases - Additional I

Loans and Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2024		Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023		Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable
Unearned income	$ 312			$ 312				$ 272
Net discount	316			316				395
Accrued interest receivable	593			593				593
Direct financing lease - interest income	10		$ 7	29		$ 20
Sales type lease - interest income	21		16	58		47
Allowance for loan and lease losses	2,305	[1]	$ 2,340	2,305	[1]	$ 2,340	$ 2,288	2,322	[1]	$ 2,327	$ 2,194
Solar energy installation loans
Accounts, Notes, Loans and Financing Receivable
Net discount	894			894				865
Commercial leases
Accounts, Notes, Loans and Financing Receivable
Allowance for loan and lease losses	14			14				13
Federal Home Loan Bank Advances
Accounts, Notes, Loans and Financing Receivable
Loans pledged	14,900			14,900				14,500
FRB Loan
Accounts, Notes, Loans and Financing Receivable
Loans pledged	$ 53,100			$ 53,100				$ 49,300

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.

Loans and Leases - Total Loans

Loans and Leases - Total Loans and Leases Managed by the Bancorp (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		$ 117,280	$ 117,612
90 Days Past Due and Still Accruing		40	36
Loans held for sale		612	378
Total portfolio loans and leases	[1]	116,668	117,234
Commercial
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Total portfolio loans and leases		71,130	72,746
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
Carrying Value		50,930	53,311
90 Days Past Due and Still Accruing		10	8
Commercial \| Commercial mortgage loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		11,428	11,276
90 Days Past Due and Still Accruing		3	0
Commercial \| Commercial construction loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		5,997	5,621
90 Days Past Due and Still Accruing		0	0
Commercial \| Commercial leases
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		2,875	2,582
90 Days Past Due and Still Accruing		1	0
Consumer
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Total portfolio loans and leases		45,538	44,488
Consumer \| Residential mortgage loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		17,678	17,360
90 Days Past Due and Still Accruing		8	7
Consumer \| Home equity
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		4,074	3,916
90 Days Past Due and Still Accruing		0	0
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
Carrying Value		15,942	14,965
90 Days Past Due and Still Accruing		0	0
Consumer \| Credit card
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		1,703	1,865
90 Days Past Due and Still Accruing		18	21
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
Carrying Value		4,078	3,728
90 Days Past Due and Still Accruing		0	0
Consumer \| Other consumer loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Carrying Value		2,575	2,988
90 Days Past Due and Still Accruing		$ 0	$ 0

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.

Loans and Leases - Net Charge-O

Loans and Leases - Net Charge-Offs (Recoveries) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	$ 142	$ 124	$ 396	$ 292
Commercial \| Commercial and industrial loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	72	65	187	127
Commercial \| Commercial construction loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	0	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
Net charge-offs (recoveries)	0	(1)	0	(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
Net charge-offs (recoveries)	(1)	0	(1)	0
Consumer \| Home equity
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	0	0	0	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
Net charge-offs (recoveries)	22	19	63	48
Consumer \| Credit card
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	16	15	52	46
Consumer \| Solar energy installation loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	14	8	39	16
Consumer \| Other consumer loans
Assets that Continue to be Recognized, Securitized or Asset-backed Financing Arrangement Assets and any Other Financial Assets Managed Together
Net charge-offs (recoveries)	$ 19	$ 18	$ 56	$ 54

Loans and Leases - Components o

Loans and Leases - Components of Net Investment in Leases (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Net investment in sales-type leases:
Leveraged leases	$ 247	$ 249
Direct Financing Leases
Net investment in direct financing leases:
Lease payment receivable (present value)	593	556
Unguaranteed residual assets (present value)	119	105
Sales-Type Leases
Net investment in sales-type leases:
Lease payment receivable (present value)	1,829	1,585
Unguaranteed residual assets (present value)	$ 85	$ 84

Loans and Leases - Undiscounted

Loans and Leases - Undiscounted Cash Flows (Details) $ in Millions	Sep. 30, 2024 USD ($)
Direct Financing Leases
Accounts, Notes, Loans and Financing Receivable
Remainder of 2024	$ 45
2025	184
2026	151
2027	117
2028	66
2029	40
Thereafter	53
Total undiscounted cash flows	656
Less: Difference between undiscounted cash flows and discounted cash flows	63
Present value of lease payments (recognized as lease receivables)	593
Sales-Type Leases
Accounts, Notes, Loans and Financing Receivable
Remainder of 2024	134
2025	595
2026	429
2027	359
2028	237
2029	101
Thereafter	127
Total undiscounted cash flows	1,982
Less: Difference between undiscounted cash flows and discounted cash flows	153
Present value of lease payments (recognized as lease receivables)	$ 1,829

Credit Quality and the Allowa_3

Credit Quality and the Allowance for Loan and Lease Losses - Summary of Transactions in the ALLL by Portfolio Segment (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended			12 Months Ended
	Sep. 30, 2024		Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023	Dec. 31, 2023		Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 2,288		$ 2,327	$ 2,322	[1]	$ 2,194	$ 2,194
Losses charged off	(183)		(158)	(511)		(389)
Recoveries of losses previously charged off	41		34	115		97
Provision for loan and lease losses	159		137	379		487
Balance, end of period	2,305	[1]	2,340	2,305	[1]	2,340	$ 2,322	[1]	$ 2,194
Accounting Standards Update [Extensible Enumeration]							Accounting Standards Update 2023-02 [Member]		Accounting Standards Update 2022-02 [Member]
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period						(49)	$ (49)
Balance, end of period									$ (49)
Other Consumer Loans, Point of Sale
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Losses charged off	(6)		(8)	(22)		(26)
Recoveries of losses previously charged off	6		8	22		26
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,113		1,199	1,130		1,127	1,127
Losses charged off	(80)		(70)	(203)		(140)
Recoveries of losses previously charged off	8		6	16		13
Provision for loan and lease losses	64		52	162		183
Balance, end of period	1,105		1,187	1,105		1,187	1,130		1,127
Commercial \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period						4	4
Balance, end of period									4
Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	136		173	145		245	245
Losses charged off	0		(1)	(2)		(3)
Recoveries of losses previously charged off	1		1	3		3
Provision for loan and lease losses	6		(18)	(3)		(54)
Balance, end of period	143		155	143		155	145		245
Residential Mortgage \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period						(36)	(36)
Balance, end of period									(36)
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,039		955	1,047		822	822
Losses charged off	(103)		(87)	(306)		(246)
Recoveries of losses previously charged off	32		27	96		81
Provision for loan and lease losses	89		103	220		358
Balance, end of period	$ 1,057		$ 998	$ 1,057		998	1,047		822
Consumer \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period						$ (17)	$ (17)
Balance, end of period									$ (17)

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.

Credit Quality and the Allowa_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	Sep. 30, 2024		Jun. 30, 2024	Dec. 31, 2023		Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	$ 98			$ 96
Collectively evaluated	2,207			2,226
Total ALLL	2,305	[1]	$ 2,288	2,322	[1]	$ 2,340	$ 2,327	$ 2,194
Individually evaluated	491			476
Collectively evaluated	116,063			116,642
Total portfolio loans and leases	116,554			117,118
Leveraged leases	247			249
Commercial Leveraged Leases
Financing Receivable, Allowance for Credit Loss [Line Items]
Total ALLL	1			2
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	89			90
Collectively evaluated	1,016			1,040
Total ALLL	1,105		1,113	1,130		1,187	1,199	1,127
Individually evaluated	274			281
Collectively evaluated	70,856			72,465
Total portfolio loans and leases	71,130			72,746
Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	0			0
Collectively evaluated	143			145
Total ALLL	143		136	145		155	173	245
Individually evaluated	130			126
Collectively evaluated	16,922			16,784
Total portfolio loans and leases	17,052			16,910
Residential mortgage loans	114			116		113
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated	9			6
Collectively evaluated	1,048			1,041
Total ALLL	1,057		$ 1,039	1,047		$ 998	$ 955	$ 822
Individually evaluated	87			69
Collectively evaluated	28,285			27,393
Total portfolio loans and leases	$ 28,372			$ 27,462

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.

Credit Quality and the Allowa_5

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		Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Modifications
Total portfolio loans and leases	[1]	$ 116,668	$ 117,234
Commercial
Financing Receivable, Modifications
Year One		4,538	5,105
Year Two		3,995	6,197
Year Three		5,034	3,499
Year Four		2,857	1,650
Year Five		1,327	1,099
Prior		2,105	1,730
Revolving Loans		51,274	53,466
Total portfolio loans and leases		71,130	72,746
Commercial \| Pass
Financing Receivable, Modifications
Year One		4,302	4,649
Year Two		3,764	5,759
Year Three		4,645	3,328
Year Four		2,700	1,579
Year Five		1,274	990
Prior		1,849	1,494
Revolving Loans		46,940	49,710
Total portfolio loans and leases		65,474	67,509
Commercial \| Special mention
Financing Receivable, Modifications
Year One		104	158
Year Two		11	298
Year Three		153	90
Year Four		39	38
Year Five		6	20
Prior		100	121
Revolving Loans		1,988	2,056
Total portfolio loans and leases		2,401	2,781
Commercial \| Substandard
Financing Receivable, Modifications
Year One		132	298
Year Two		220	140
Year Three		236	81
Year Four		118	33
Year Five		47	89
Prior		156	115
Revolving Loans		2,293	1,694
Total portfolio loans and leases		3,202	2,450
Commercial \| 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 Loans		53	6
Total portfolio loans and leases		53	6
Commercial \| Commercial and industrial loans
Financing Receivable, Modifications
Year One		2,375	2,245
Year Two		1,740	3,637
Year Three		2,848	1,902
Year Four		1,556	631
Year Five		533	308
Prior		612	499
Revolving Loans		41,252	44,048
Total portfolio loans and leases		50,916	53,270
Commercial \| Commercial and industrial loans \| Pass
Financing Receivable, Modifications
Year One		2,301	2,124
Year Two		1,614	3,434
Year Three		2,636	1,814
Year Four		1,461	580
Year Five		496	263
Prior		456	321
Revolving Loans		38,374	40,889
Total portfolio loans and leases		47,338	49,425
Commercial \| Commercial and industrial loans \| Special mention
Financing Receivable, Modifications
Year One		20	16
Year Two		9	100
Year Three		27	60
Year Four		20	33
Year Five		3	6
Prior		76	105
Revolving Loans		1,073	1,756
Total portfolio loans and leases		1,228	2,076
Commercial \| Commercial and industrial loans \| Substandard
Financing Receivable, Modifications
Year One		54	105
Year Two		117	103
Year Three		185	28
Year Four		75	18
Year Five		34	39
Prior		80	73
Revolving Loans		1,752	1,397
Total portfolio loans and leases		2,297	1,763
Commercial \| Commercial and industrial 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 Loans		53	6
Total portfolio loans and leases		53	6
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
Year One		593	931
Year Two		872	1,123
Year Three		903	775
Year Four		689	418
Year Five		342	270
Prior		427	270
Revolving Loans		1,601	1,413
Total portfolio loans and leases		5,427	5,200
Commercial \| Commercial mortgage owner-occupied loans \| Pass
Financing Receivable, Modifications
Year One		517	870
Year Two		845	1,078
Year Three		864	746
Year Four		635	408
Year Five		332	219
Prior		364	260
Revolving Loans		1,418	1,279
Total portfolio loans and leases		4,975	4,860
Commercial \| Commercial mortgage owner-occupied loans \| Special mention
Financing Receivable, Modifications
Year One		24	30
Year Two		2	23
Year Three		11	18
Year Four		15	0
Year Five		1	6
Prior		18	0
Revolving Loans		11	20
Total portfolio loans and leases		82	97
Commercial \| Commercial mortgage owner-occupied loans \| Substandard
Financing Receivable, Modifications
Year One		52	31
Year Two		25	22
Year Three		28	11
Year Four		39	10
Year Five		9	45
Prior		45	10
Revolving Loans		172	114
Total portfolio loans and leases		370	243
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 Loans		0	0
Total portfolio loans and leases		0	0
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Year One		482	1,078
Year Two		884	992
Year Three		871	269
Year Four		222	350
Year Five		292	293
Prior		438	247
Revolving Loans		2,778	2,847
Total portfolio loans and leases		5,967	6,076
Commercial \| Commercial mortgage nonowner-occupied loans \| Pass
Financing Receivable, Modifications
Year One		405	886
Year Two		839	825
Year Three		749	261
Year Four		222	348
Year Five		292	293
Prior		436	243
Revolving Loans		2,542	2,724
Total portfolio loans and leases		5,485	5,580
Commercial \| Commercial mortgage nonowner-occupied loans \| Special mention
Financing Receivable, Modifications
Year One		58	111
Year Two		0	166
Year Three		114	0
Year Four		0	2
Year Five		0	0
Prior		0	2
Revolving Loans		117	81
Total portfolio loans and leases		289	362
Commercial \| Commercial mortgage nonowner-occupied loans \| Substandard
Financing Receivable, Modifications
Year One		19	81
Year Two		45	1
Year Three		8	8
Year Four		0	0
Year Five		0	0
Prior		2	2
Revolving Loans		119	42
Total portfolio loans and leases		193	134
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 Loans		0	0
Total portfolio loans and leases		0	0
Commercial \| Commercial construction loans
Financing Receivable, Modifications
Year One		21	232
Year Two		124	36
Year Three		85	78
Year Four		37	41
Year Five		4	70
Prior		33	6
Revolving Loans		5,643	5,158
Total portfolio loans and leases		5,947	5,621
Commercial \| Commercial construction loans \| Pass
Financing Receivable, Modifications
Year One		14	171
Year Two		109	36
Year Three		85	45
Year Four		37	41
Year Five		4	70
Prior		33	6
Revolving Loans		4,606	4,818
Total portfolio loans and leases		4,888	5,187
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 Loans		787	199
Total portfolio loans and leases		787	199
Commercial \| Commercial construction loans \| Substandard
Financing Receivable, Modifications
Year One		7	61
Year Two		15	0
Year Three		0	33
Year Four		0	0
Year Five		0	0
Prior		0	0
Revolving Loans		250	141
Total portfolio loans and leases		272	235
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 Loans		0	0
Total portfolio loans and leases		0	0
Commercial \| Commercial leases
Financing Receivable, Modifications
Year One		1,067	619
Year Two		375	409
Year Three		327	475
Year Four		353	210
Year Five		156	158
Prior		595	708
Revolving Loans		0	0
Total portfolio loans and leases		2,873	2,579
Commercial \| Commercial leases \| Pass
Financing Receivable, Modifications
Year One		1,065	598
Year Two		357	386
Year Three		311	462
Year Four		345	202
Year Five		150	145
Prior		560	664
Revolving Loans		0	0
Total portfolio loans and leases		2,788	2,457
Commercial \| Commercial leases \| Special mention
Financing Receivable, Modifications
Year One		2	1
Year Two		0	9
Year Three		1	12
Year Four		4	3
Year Five		2	8
Prior		6	14
Revolving Loans		0	0
Total portfolio loans and leases		15	47
Commercial \| Commercial leases \| Substandard
Financing Receivable, Modifications
Year One		0	20
Year Two		18	14
Year Three		15	1
Year Four		4	5
Year Five		4	5
Prior		29	30
Revolving Loans		0	0
Total portfolio loans and leases		70	75
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 Loans		0	0
Total portfolio loans and leases		$ 0	$ 0

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.

Credit Quality and the Allowa_6

Credit Quality and the Allowance for Loan and Lease Losses - Summary of Gross Charge-Offs Within the Commercial Portfolio Segments, by Class and Vintage (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Modifications
Total	$ 183	$ 158	$ 511	$ 389
Commercial
Financing Receivable, Modifications
Year One			1	24
Year Two			2	6
Year Three			15	12
Year Four			1	1
Year Five			1	0
Prior			0	5
Revolving Loans			183	92
Total	$ 80	$ 70	203	140
Commercial \| Commercial and industrial loans
Financing Receivable, Modifications
Year One			1	24
Year Two			2	6
Year Three			15	12
Year Four			1	1
Year Five			1	0
Prior			0	5
Revolving Loans			183	90
Total			203	138
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
Year One			0	0
Year Two			0	0
Year Three			0	0
Year Four			0	0
Year Five			0	0
Prior			0	0
Revolving Loans			0	1
Total			0	1
Commercial \| Commercial construction loans
Financing Receivable, Modifications
Year One			0	0
Year Two			0	0
Year Three			0	0
Year Four			0	0
Year Five			0	0
Prior			0	0
Revolving Loans			0	1
Total			$ 0	$ 1

Credit Quality and the Allowa_7

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		Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases	[1]	$ 116,668	$ 117,234
Commercial
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		71,130	72,746
90 Days Past Due and Still Accruing		14	8
Commercial \| Current
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		70,971	72,547
Commercial \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		159	199
Commercial \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		63	93
Commercial \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		96	106
Commercial \| Commercial and industrial loans
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		50,916	53,270
90 Days Past Due and Still Accruing		10	8
Commercial \| Commercial and industrial loans \| Current
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		50,785	53,107
Commercial \| Commercial and industrial loans \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		131	163
Commercial \| Commercial and industrial loans \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		44	61
Commercial \| Commercial and industrial loans \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		87	102
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		5,427	5,200
90 Days Past Due and Still Accruing		1	0
Commercial \| Commercial mortgage owner-occupied loans \| Current
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		5,418	5,196
Commercial \| Commercial mortgage owner-occupied loans \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		9	4
Commercial \| Commercial mortgage owner-occupied loans \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		6	1
Commercial \| Commercial mortgage owner-occupied loans \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		3	3
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		5,967	6,076
90 Days Past Due and Still Accruing		2	0
Commercial \| Commercial mortgage nonowner-occupied loans \| Current
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		5,961	6,061
Commercial \| Commercial mortgage nonowner-occupied loans \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		6	15
Commercial \| Commercial mortgage nonowner-occupied loans \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		1	14
Commercial \| Commercial mortgage nonowner-occupied loans \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		5	1
Commercial \| Commercial construction loans
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		5,947	5,621
90 Days Past Due and Still Accruing		0	0
Commercial \| Commercial construction loans \| Current
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		5,947	5,621
Commercial \| Commercial construction loans \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		0	0
Commercial \| Commercial construction loans \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		0	0
Commercial \| Commercial construction loans \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		0	0
Commercial \| Commercial leases
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		2,873	2,579
90 Days Past Due and Still Accruing		1	0
Commercial \| Commercial leases \| Current
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		2,860	2,562
Commercial \| Commercial leases \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		13	17
Commercial \| Commercial leases \| 30 to 89 Days
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		12	17
Commercial \| Commercial leases \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Total portfolio loans and leases		$ 1	$ 0

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.

Credit Quality and the Allowa_8

Credit Quality and the Allowance for Loan and Lease Losses - Summary of the Credit Risk Profile of the Bancorp's Residential Mortgage and Consumer Portfolio Segments by Class (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Modifications
Total portfolio loans and leases	[1]	$ 116,668		$ 116,668		$ 117,234
Residential Mortgage
Financing Receivable, Modifications
Residential mortgage loans		114	$ 113	114	$ 113	116
Residential Mortgage \| Federal Housing Administration Loan
Financing Receivable, Modifications
Losses due to claim denials and curtailments		0	$ 1	1	$ 2
Residential Mortgage \| 30-89 days past due
Financing Receivable, Modifications
Residential mortgage loans						1
Residential Mortgage \| 30-89 days past due \| Federal Housing Administration Loan
Financing Receivable, Modifications
Total portfolio loans and leases		85		85		79
Residential Mortgage \| 90 days or more past due \| Federal Housing Administration Loan
Financing Receivable, Modifications
Total portfolio loans and leases		141		141		141
Residential Mortgage \| Nonperforming
Financing Receivable, Modifications
Residential mortgage loans		1		1		2
Residential Mortgage \| 30-89 days past due
Financing Receivable, Modifications
Residential mortgage loans		1		1
Residential Mortgage \| Residential mortgage loans
Financing Receivable, Modifications
Year One		1,282		1,282		995
Year Two		1,016		1,016		3,149
Year Three		3,009		3,009		5,014
Year Four		4,697		4,697		2,714
Year Five		2,544		2,544		949
Prior		4,504		4,504		4,089
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		17,052		17,052		16,910
Residential Mortgage \| Residential mortgage loans \| Performing \| Current
Financing Receivable, Modifications
Year One		1,281		1,281		995
Year Two		1,014		1,014		3,139
Year Three		2,995		2,995		5,001
Year Four		4,678		4,678		2,703
Year Five		2,533		2,533		943
Prior		4,386		4,386		3,971
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		16,887		16,887		16,752
Residential Mortgage \| Residential mortgage loans \| Performing \| 30-89 days past due
Financing Receivable, Modifications
Year One		1		1		0
Year Two		0		0		3
Year Three		5		5		6
Year Four		7		7		5
Year Five		2		2		1
Prior		12		12		14
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		27		27		29
Residential Mortgage \| Residential mortgage loans \| Performing \| 90 days or more past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		1
Year Three		1		1		1
Year Four		3		3		1
Year Five		1		1		1
Prior		3		3		3
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		8		8		7
Residential Mortgage \| Residential mortgage loans \| Nonperforming
Financing Receivable, Modifications
Year One		0		0		0
Year Two		2		2		6
Year Three		8		8		6
Year Four		9		9		5
Year Five		8		8		4
Prior		103		103		101
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		130		130		122
Consumer
Financing Receivable, Modifications
Total portfolio loans and leases		45,538		45,538		44,488
Consumer \| Residential mortgage loans
Financing Receivable, Modifications
Total portfolio loans and leases		17,166		17,166		17,026
Consumer \| Home equity
Financing Receivable, Modifications
Year One		115		115		84
Year Two		71		71		41
Year Three		36		36		2
Year Four		2		2		6
Year Five		5		5		11
Prior		99		99		100
Revolving Loans		3,676		3,676		3,624
Revolving Loans Converted to Term Loans		70		70		48
Total portfolio loans and leases		4,074		4,074		3,916
Consumer \| Home equity \| Performing \| Current
Financing Receivable, Modifications
Year One		115		115		84
Year Two		71		71		41
Year Three		36		36		2
Year Four		2		2		6
Year Five		5		5		11
Prior		90		90		92
Revolving Loans		3,602		3,602		3,549
Revolving Loans Converted to Term Loans		63		63		46
Total portfolio loans and leases		3,984		3,984		3,831
Consumer \| Home equity \| Performing \| 30-89 days past due
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		2		2		2
Revolving Loans		20		20		25
Revolving Loans Converted to Term Loans		1		1		1
Total portfolio loans and leases		23		23		28
Consumer \| Home equity \| Performing \| 90 days or more past due
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		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		0		0		0
Consumer \| Home equity \| Nonperforming
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		7		7		6
Revolving Loans		54		54		50
Revolving Loans Converted to Term Loans		6		6		1
Total portfolio loans and leases		67		67		57
Consumer \| Indirect secured consumer loans
Financing Receivable, Modifications
Year One		5,241		5,241		4,152
Year Two		3,149		3,149		4,393
Year Three		3,404		3,404		3,974
Year Four		2,760		2,760		1,552
Year Five		935		935		612
Prior		453		453		282
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		15,942		15,942		14,965
Consumer \| Indirect secured consumer loans \| Performing \| Current
Financing Receivable, Modifications
Year One		5,228		5,228		4,126
Year Two		3,117		3,117		4,333
Year Three		3,347		3,347		3,925
Year Four		2,721		2,721		1,527
Year Five		917		917		597
Prior		440		440		271
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		15,770		15,770		14,779
Consumer \| Indirect secured consumer loans \| Performing \| 30-89 days past due
Financing Receivable, Modifications
Year One		11		11		22
Year Two		23		23		49
Year Three		40		40		40
Year Four		27		27		19
Year Five		13		13		12
Prior		8		8		8
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		122		122		150
Consumer \| Indirect secured consumer loans \| Performing \| 90 days or more past due
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		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		0		0		0
Consumer \| Indirect secured consumer loans \| Nonperforming
Financing Receivable, Modifications
Year One		2		2		4
Year Two		9		9		11
Year Three		17		17		9
Year Four		12		12		6
Year Five		5		5		3
Prior		5		5		3
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		50		50		36
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		1,703		1,703		1,865
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		1,703		1,703		1,865
Consumer \| Credit card \| Performing \| Current
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		1,634		1,634		1,789
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		1,634		1,634		1,789
Consumer \| Credit card \| Performing \| 30-89 days past due
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		20		20		21
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		20		20		21
Consumer \| Credit card \| Performing \| 90 days or more past due
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		18		18		21
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		18		18		21
Consumer \| Credit card \| Nonperforming
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		31		31		34
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		31		31		34
Consumer \| Solar energy installation loans
Financing Receivable, Modifications
Year One		694		694		2,456
Year Two		2,196		2,196		1,228
Year Three		1,152		1,152		2
Year Four		2		2		0
Year Five		0		0		0
Prior		34		34		42
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		4,078		4,078		3,728
Consumer \| Solar energy installation loans \| Performing \| Current
Financing Receivable, Modifications
Year One		692		692		2,415
Year Two		2,154		2,154		1,192
Year Three		1,115		1,115		2
Year Four		2		2		0
Year Five		0		0		0
Prior		34		34		41
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		3,997		3,997		3,650
Consumer \| Solar energy installation loans \| Performing \| 30-89 days past due
Financing Receivable, Modifications
Year One		1		1		12
Year Two		8		8		6
Year Three		8		8		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		0
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		17		17		18
Consumer \| Solar energy installation loans \| Performing \| 90 days or more past due
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		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		0		0		0
Consumer \| Solar energy installation loans \| Nonperforming
Financing Receivable, Modifications
Year One		1		1		29
Year Two		34		34		30
Year Three		29		29		0
Year Four		0		0		0
Year Five		0		0		0
Prior		0		0		1
Revolving Loans		0		0		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		64		64		60
Consumer \| Other consumer loans
Financing Receivable, Modifications
Year One		165		165		518
Year Two		395		395		724
Year Three		565		565		333
Year Four		247		247		249
Year Five		188		188		104
Prior		164		164		156
Revolving Loans		813		813		861
Revolving Loans Converted to Term Loans		38		38		43
Total portfolio loans and leases		2,575		2,575		2,988
Consumer \| Other consumer loans \| Performing \| Current
Financing Receivable, Modifications
Year One		164		164		511
Year Two		388		388		703
Year Three		552		552		328
Year Four		243		243		246
Year Five		187		187		101
Prior		160		160		154
Revolving Loans		809		809		859
Revolving Loans Converted to Term Loans		38		38		41
Total portfolio loans and leases		2,541		2,541		2,943
Consumer \| Other consumer loans \| Performing \| 30-89 days past due
Financing Receivable, Modifications
Year One		1		1		5
Year Two		5		5		15
Year Three		9		9		4
Year Four		3		3		2
Year Five		1		1		2
Prior		3		3		2
Revolving Loans		3		3		2
Revolving Loans Converted to Term Loans		0		0		1
Total portfolio loans and leases		25		25		33
Consumer \| Other consumer loans \| Performing \| 90 days or more past due
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		0
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		0		0		0
Consumer \| Other consumer loans \| Nonperforming
Financing Receivable, Modifications
Year One		0		0		2
Year Two		2		2		6
Year Three		4		4		1
Year Four		1		1		1
Year Five		0		0		1
Prior		1		1		0
Revolving Loans		1		1		0
Revolving Loans Converted to Term Loans		0		0		1
Total portfolio loans and leases		9		9		12
Residential Mortgage and Consumer
Financing Receivable, Modifications
Year One		7,497		7,497		8,205
Year Two		6,827		6,827		9,535
Year Three		8,166		8,166		9,325
Year Four		7,708		7,708		4,521
Year Five		3,672		3,672		1,676
Prior		5,254		5,254		4,669
Revolving Loans		6,192		6,192		6,350
Revolving Loans Converted to Term Loans		108		108		91
Total portfolio loans and leases		45,424		45,424		44,372
Residential Mortgage and Consumer \| Performing \| Current
Financing Receivable, Modifications
Year One		7,480		7,480		8,131
Year Two		6,744		6,744		9,408
Year Three		8,045		8,045		9,258
Year Four		7,646		7,646		4,482
Year Five		3,642		3,642		1,652
Prior		5,110		5,110		4,529
Revolving Loans		6,045		6,045		6,197
Revolving Loans Converted to Term Loans		101		101		87
Total portfolio loans and leases		44,813		44,813		43,744
Residential Mortgage and Consumer \| Performing \| 30-89 days past due
Financing Receivable, Modifications
Year One		14		14		39
Year Two		36		36		73
Year Three		62		62		50
Year Four		37		37		26
Year Five		16		16		15
Prior		25		25		26
Revolving Loans		43		43		48
Revolving Loans Converted to Term Loans		1		1		2
Total portfolio loans and leases		234		234		279
Residential Mortgage and Consumer \| Performing \| 90 days or more past due
Financing Receivable, Modifications
Year One		0		0		0
Year Two		0		0		1
Year Three		1		1		1
Year Four		3		3		1
Year Five		1		1		1
Prior		3		3		3
Revolving Loans		18		18		21
Revolving Loans Converted to Term Loans		0		0		0
Total portfolio loans and leases		26		26		28
Residential Mortgage and Consumer \| Nonperforming
Financing Receivable, Modifications
Year One		3		3		35
Year Two		47		47		53
Year Three		58		58		16
Year Four		22		22		12
Year Five		13		13		8
Prior		116		116		111
Revolving Loans		86		86		84
Revolving Loans Converted to Term Loans		6		6		2
Total portfolio loans and leases		$ 351		$ 351		$ 321

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.

Credit Quality and the Allowa_9

Credit Quality and the Allowance for Loan and Lease Losses - Summary of Gross Charge-Offs Within the Residential Mortgage and Consumer Portfolio Segments, by Class and Vintage (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Modifications
Total	$ 183	$ 158	$ 511	$ 389
Residential Mortgage
Financing Receivable, Modifications
Year One			0	0
Year Two			0	0
Year Three			0	0
Year Four			0	0
Year Five			0	0
Prior			2	3
Revolving Loans			0	0
Revolving Loans Converted to Term Loans			0	0
Total	0	1	2	3
Consumer
Financing Receivable, Modifications
Total	$ 103	$ 87	306	246
Consumer \| Home equity
Financing Receivable, Modifications
Year One			0	0
Year Two			0	0
Year Three			0	0
Year Four			0	0
Year Five			0	0
Prior			1	1
Revolving Loans			4	5
Revolving Loans Converted to Term Loans			0	0
Total			5	6
Consumer \| Indirect secured consumer loans
Financing Receivable, Modifications
Year One			3	4
Year Two			25	28
Year Three			38	20
Year Four			19	10
Year Five			7	7
Prior			8	6
Revolving Loans			0	0
Revolving Loans Converted to Term Loans			0	0
Total			100	75
Consumer \| Credit card
Financing Receivable, Modifications
Year One			0	0
Year Two			0	0
Year Three			0	0
Year Four			0	0
Year Five			0	0
Prior			0	0
Revolving Loans			67	59
Revolving Loans Converted to Term Loans			0	0
Total			67	59
Consumer \| Solar energy installation loans
Financing Receivable, Modifications
Year One			1	3
Year Two			16	11
Year Three			13	1
Year Four			0	0
Year Five			5	0
Prior			9	2
Revolving Loans			0	0
Revolving Loans Converted to Term Loans			0	0
Total			44	17
Consumer \| Other consumer loans
Financing Receivable, Modifications
Year One			0	3
Year Two			10	28
Year Three			21	11
Year Four			9	9
Year Five			12	6
Prior			11	6
Revolving Loans			25	25
Revolving Loans Converted to Term Loans			2	1
Total			90	89
Consumer and residential mortgage loans
Financing Receivable, Modifications
Year One			4	10
Year Two			51	67
Year Three			72	32
Year Four			28	19
Year Five			24	13
Prior			31	18
Revolving Loans			96	89
Revolving Loans Converted to Term Loans			2	1
Total			$ 308	$ 249

Credit Quality and the Allow_10

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	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Impaired
Total portfolio loans and leases	$ 491	$ 474
Commercial
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	274	279
Commercial \| Commercial and industrial loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	206	268
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	63	8
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	4	2
Commercial \| Commercial construction loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	1	1
Residential Mortgage
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	130	126
Consumer
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	87	69
Consumer \| Home equity
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	62	54
Consumer \| Indirect secured consumer loans
Financing Receivable, Impaired
Loans and leases receivable, allowance for amortized cost basis	$ 25	$ 15

Credit Quality and the Allow_11

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	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Modifications
With an ALLL	$ 478	$ 469
No Related ALLL	247	219
Total	725	688
Loans held for sale	612	378
Nonperforming
Financing Receivable, Modifications
Loans held for sale	8	1
Nonperforming \| Government Insured
Financing Receivable, Modifications
Total	20	19
Commercial
Financing Receivable, Modifications
With an ALLL	267	284
No Related ALLL	67	42
Total	334	326
Commercial \| Commercial and industrial loans
Financing Receivable, Modifications
With an ALLL	217	273
No Related ALLL	38	31
Total	255	304
Loans held for sale	14	41
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
With an ALLL	50	11
No Related ALLL	24	6
Total	74	17
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
With an ALLL	0	0
No Related ALLL	4	3
Total	4	3
Commercial \| Commercial construction loans
Financing Receivable, Modifications
With an ALLL	0	0
No Related ALLL	1	1
Total	1	1
Loans held for sale	50	0
Commercial \| Commercial leases
Financing Receivable, Modifications
With an ALLL	0	0
No Related ALLL	0	1
Total	0	1
Loans held for sale	2	3
Residential Mortgage
Financing Receivable, Modifications
With an ALLL	43	26
No Related ALLL	88	98
Total	131	124
Consumer
Financing Receivable, Modifications
With an ALLL	168	159
No Related ALLL	53	40
Total	221	199
Consumer \| Home equity
Financing Receivable, Modifications
With an ALLL	22	21
No Related ALLL	45	36
Total	67	57
Consumer \| Indirect secured consumer loans
Financing Receivable, Modifications
With an ALLL	42	32
No Related ALLL	8	4
Total	50	36
Consumer \| Credit card
Financing Receivable, Modifications
With an ALLL	31	34
No Related ALLL	0	0
Total	31	34
Consumer \| Solar energy installation loans
Financing Receivable, Modifications
With an ALLL	64	60
No Related ALLL	0	0
Total	64	60
Consumer \| Other consumer loans
Financing Receivable, Modifications
With an ALLL	9	12
No Related ALLL	0	0
Total	9	12
Nonaccrual portfolio loans and leases
Financing Receivable, Modifications
With an ALLL	478	469
No Related ALLL	208	180
Total	686	649
OREO and other repossessed property
Financing Receivable, Modifications
With an ALLL	0	0
No Related ALLL	39	39
Total	$ 39	$ 39

Credit Quality and the Allow_12

Credit Quality and the Allowance for Loan and Lease Losses - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Allowance for Credit Losses
Mortgage loans in process of foreclosure amount	$ 101		$ 101		$ 107
Financing receivable, excluding accrued interest, modified in period, amount	$ 184	$ 171	$ 373	$ 484
Loan modification program, percentage of modifications to total portfolio	0.16%	0.14%	0.32%	0.40%
Loan modification program, loans excluded from modification program	$ 19	$ 6	$ 42	$ 24
Unfunded commitment amounts	80		80		$ 130
Commercial
Financing Receivable, Allowance for Credit Losses
Financing receivable, excluding accrued interest, modified in period, amount	$ 150	$ 124	$ 268	$ 355
Loan modification program, percentage of modifications to total portfolio	0.22%	0.17%	0.39%	0.47%
Commercial \| Minimum
Financing Receivable, Allowance for Credit Losses
Term extension period			3 months
Commercial \| Maximum
Financing Receivable, Allowance for Credit Losses
Term extension period			12 months
Residential Mortgage
Financing Receivable, Allowance for Credit Losses
Financing receivable, excluding accrued interest, modified in period, amount	$ 22	$ 31	$ 74	$ 89
Loan modification program, percentage of modifications to total portfolio	0.13%	0.18%	0.43%	0.51%
Modification program option, mortgage term			480 months
Modification program option, in-process modifications	$ 4	$ 7	$ 4	$ 7
Residential Mortgage \| Minimum
Financing Receivable, Allowance for Credit Losses
Modification program option, trial period			3 months
Modification program option, mortgage interest payment deferral, term			6 months
Residential Mortgage \| Maximum
Financing Receivable, Allowance for Credit Losses
Modification program option, trial period			4 months
Modification program option, mortgage interest payment deferral, term			12 months
Consumer
Financing Receivable, Allowance for Credit Losses
Financing receivable, excluding accrued interest, modified in period, amount	$ 12	$ 16	$ 31	$ 40
Loan modification program, percentage of modifications to total portfolio	0.04%	0.06%	0.11%	0.14%
Consumer \| Home equity
Financing Receivable, Allowance for Credit Losses
Financing receivable, excluding accrued interest, modified in period, amount	$ 4	$ 5	$ 11	$ 12
Loan modification program, percentage of modifications to total portfolio	0.10%	0.13%	0.27%	0.31%
Modification program option, mortgage term			360 months

Credit Quality and the Allow_13

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	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 184	$ 171	$ 373	$ 484
% of Total Class	0.16%	0.14%	0.32%	0.40%
Commercial
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 150	$ 124	$ 268	$ 355
% of Total Class	0.22%	0.17%	0.39%	0.47%
Commercial \| Term Extension
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 129	$ 115	$ 223	$ 337
Commercial \| Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	19	0	24	5
Commercial \| Term Extension and Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	2	8	20	8
Commercial \| Other
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	1	1	5
Commercial \| Commercial and industrial loans
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 105	$ 101	$ 208	$ 191
% of Total Class	0.21%	0.18%	0.41%	0.34%
Commercial \| Commercial and industrial loans \| Term Extension
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 84	$ 92	$ 164	$ 176
Commercial \| Commercial and industrial loans \| Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	19	0	23	5
Commercial \| Commercial and industrial loans \| Term Extension and Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	2	8	20	8
Commercial \| Commercial and industrial loans \| Other
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	1	1	2
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 11	$ 3	$ 26	$ 24
% of Total Class	0.20%	0.06%	0.48%	0.45%
Commercial \| Commercial mortgage owner-occupied loans \| Term Extension
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 11	$ 3	$ 25	$ 24
Commercial \| Commercial mortgage owner-occupied loans \| Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	1	0
Commercial \| Commercial mortgage owner-occupied loans \| Term Extension and Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	0	0
Commercial \| Commercial mortgage owner-occupied loans \| Other
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	0	0
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 28	$ 1	$ 28	$ 24
% of Total Class	0.47%	0.02%	0.47%	0.42%
Commercial \| Commercial mortgage nonowner-occupied loans \| Term Extension
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 28	$ 1	$ 28	$ 21
Commercial \| Commercial mortgage nonowner-occupied loans \| Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	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	0	0
Commercial \| Commercial mortgage nonowner-occupied loans \| Other
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	0	3
Commercial \| Commercial construction loans
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 6	$ 19	$ 6	$ 116
% of Total Class	0.10%	0.34%	0.10%	2.08%
Commercial \| Commercial construction loans \| Term Extension
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 6	$ 19	$ 6	$ 116
Commercial \| Commercial construction loans \| Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	0	0
Commercial \| Commercial construction loans \| Term Extension and Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	0	0
Commercial \| Commercial construction loans \| Other
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	0	0
Residential Mortgage
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 22	$ 31	$ 74	$ 89
% of Total Class	0.13%	0.18%	0.43%	0.51%
Residential Mortgage \| Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 1	$ 3	$ 5	$ 16
% of Total Class	0.01%	0.02%	0.03%	0.09%
Residential Mortgage \| Term Extension and Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 17	$ 27	$ 61	$ 69
% of Total Class	0.10%	0.15%	0.36%	0.40%
Residential Mortgage \| Term Extension, Interest Rate Reduction and Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 4	$ 1	$ 8	$ 4
% of Total Class	0.02%	0.01%	0.05%	0.02%
Consumer
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 12	$ 16	$ 31	$ 40
% of Total Class	0.04%	0.06%	0.11%	0.14%
Consumer \| Interest Rate Reduction
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 8	$ 11	$ 20	$ 26
Consumer \| Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	1	2	3	5
Consumer \| Term Extension and Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	1	1	2
Consumer \| Term Extension, Interest Rate Reduction and Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	3	2	7	7
Consumer \| Home equity
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 4	$ 5	$ 11	$ 12
% of Total Class	0.10%	0.13%	0.27%	0.31%
Consumer \| Home equity \| Interest Rate Reduction
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 1	$ 2	$ 3	$ 3
Consumer \| Home equity \| Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	0	0
Consumer \| Home equity \| Term Extension and Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	1	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	3	2	7	7
Consumer \| Credit card
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 7	$ 9	$ 17	$ 23
% of Total Class	0.41%	0.50%	1%	1.27%
Consumer \| Credit card \| Interest Rate Reduction
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 7	$ 9	$ 17	$ 23
Consumer \| Credit card \| Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	0	0
Consumer \| Credit card \| Term Extension and Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	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	0	0
Consumer \| Other consumer loans
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 1	$ 2	$ 3	$ 4
% of Total Class	0.04%	0.06%	0.12%	0.13%
Consumer \| Other consumer loans \| Interest Rate Reduction
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 0	$ 0	$ 0	$ 0
Consumer \| Other consumer loans \| Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	1	2	3	4
Consumer \| Other consumer loans \| Term Extension and Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	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	0	0
Consumer \| Solar energy installation loans
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 0	$ 0	$ 0	$ 1
% of Total Class	0%	0%	0%	0.03%
Consumer \| Solar energy installation loans \| Interest Rate Reduction
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	$ 0	$ 0	$ 0	$ 0
Consumer \| Solar energy installation loans \| Payment Delay
Financing Receivable, Modifications
Financing receivable, excluding accrued interest, modified in period, amount	0	0	0	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	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	$ 0	$ 0

Credit Quality and the Allow_14

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)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Commercial \| Commercial and industrial loans
Financing Receivable, Modifications
Weighted-average length of term extensions	5 months	7 months	9 months	6 months
Weighted-average length of payment delay	21 months	10 months	13 months	8 months
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Modifications
Weighted-average length of term extensions	6 months	3 months	13 months	18 months
Commercial \| Commercial mortgage nonowner-occupied loans
Financing Receivable, Modifications
Weighted-average length of term extensions	5 months	12 months	7 months	8 months
Commercial \| Commercial construction loans
Financing Receivable, Modifications
Weighted-average length of term extensions	5 months	12 months	9 months	12 months
Residential Mortgage
Financing Receivable, Modifications
Weighted-average length of term extensions	9 years 7 months 6 days	14 years 3 months 18 days	10 years	12 years 6 months
Financing receivable, modified, payment deferral, percentage of related loan balance	13%	17%	12%	16%
Consumer \| Home equity
Financing Receivable, Modifications
Weighted-average length of term extensions	22 years 10 months 24 days	24 years 6 months	24 years	24 years 9 months 18 days
Financing receivable, modified, payment deferral, percentage of related loan balance	5%	6%	5%	5%
Weighted-average interest rate, before modification	9%	9%	9%	8.60%
Weighted-average interest rate, after modification	7.30%	7.20%	7.20%	6.90%
Consumer \| Credit card
Financing Receivable, Modifications
Weighted-average interest rate, before modification	23.80%	23.90%	23.80%	23.60%
Weighted-average interest rate, after modification	4.20%	3.90%	4.10%	3.80%

Credit Quality and the Allow_15

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	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	$ 453	$ 484
Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	394	461
30-89 days past due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	32	17
90 Days or More
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	27	6
Commercial \| Commercial and industrial loans
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	219	191
Commercial \| Commercial and industrial loans \| Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	196	191
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	13	0
Commercial \| Commercial and industrial loans \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	10	0
Commercial \| Commercial mortgage owner-occupied loans
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	26	24
Commercial \| Commercial mortgage owner-occupied loans \| Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	26	23
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	1
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	67	24
Commercial \| Commercial mortgage nonowner-occupied loans \| Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	67	24
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	6	116
Commercial \| Commercial construction loans \| Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	6	116
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	94	89
Residential Mortgage \| Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	66	74
Residential Mortgage \| 30-89 days past due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	15	12
Residential Mortgage \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	13	3
Consumer \| Home equity
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	15	12
Consumer \| Home equity \| Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	13	12
Consumer \| Home equity \| 30-89 days past due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	1	0
Consumer \| Home equity \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	1	0
Consumer \| Credit card
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	22	23
Consumer \| Credit card \| Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	16	16
Consumer \| Credit card \| 30-89 days past due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	3	4
Consumer \| Credit card \| 90 Days or More
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	3	3
Consumer \| Solar energy installation loans
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	1	1
Consumer \| Solar energy installation loans \| Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	1	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	3	4
Consumer \| Other consumer loans \| Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, excluding accrued interest, modified, after 12 months	3	4
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

Credit Quality and the Allow_16

Credit Quality and the Allowance for Loan and Lease Losses - Summary of Amortized Cost Basis of Modifications to Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Financing Receivable, Allowance for Credit Losses
Amortized cost basis of the modifications to borrowers experiencing financial difficulty	$ 25	$ 63
Term Extension
Financing Receivable, Allowance for Credit Losses
Amortized cost basis of the modifications to borrowers experiencing financial difficulty	2	10
Interest Rate Reduction
Financing Receivable, Allowance for Credit Losses
Amortized cost basis of the modifications to borrowers experiencing financial difficulty	4	9
Payment Delay
Financing Receivable, Allowance for Credit Losses
Amortized cost basis of the modifications to borrowers experiencing financial difficulty	4	7
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	12	33
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	3	3
Commercial \| Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses
Amortized cost basis of the modifications to borrowers experiencing financial difficulty	7	24
Commercial \| Commercial and industrial loans \| Term Extension
Financing Receivable, Allowance for Credit Losses
Amortized cost basis of the modifications to borrowers experiencing financial difficulty	2	10
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	0	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	3	5
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	2	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	13	29
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	1	2
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	10	25
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	2	2
Consumer \| Home equity
Financing Receivable, Allowance for Credit Losses
Amortized cost basis of the modifications to borrowers experiencing financial difficulty	1	2
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	0	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	0
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	4	8
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	4	8
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

Bank Premises and Equipment - S

Bank Premises and Equipment - Summary of Bank Premises and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Accumulated depreciation and amortization	$ (3,613)	$ (3,473)
Total bank premises and equipment	2,425	2,349
Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,709	2,578
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,764	1,742
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	712	685
Land and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	622	618
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	207	180
Land and improvements held for sale
Property, Plant and Equipment [Line Items]
Property and equipment, gross	10	15
Equipment held for sale
Property, Plant and Equipment [Line Items]
Property and equipment, gross	10	0
Buildings held for sale
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4	4
Other property
Property, Plant and Equipment [Line Items]
Land improvements	$ 1	$ 9

Bank Premises and Equipment - A

Bank Premises and Equipment - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) branch	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) branch	Sep. 30, 2023 USD ($)
Property, Plant and Equipment [Line Items]
Impairment losses on bank premises	$ 0	$ 0	$ 0	$ 2
Closed in 2024
Property, Plant and Equipment [Line Items]
Number of branches held for sale \| branch	28		28
Land and improvements held for sale
Property, Plant and Equipment [Line Items]
Impairment losses on bank premises		$ 7		$ 8

Operating Lease Equipment - Add

Operating Lease Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Leases [Abstract]
Operating lease equipment	$ 357		$ 357		$ 459
Accumulated depreciation	345		345		$ 355
Operating lease income	$ 24	$ 33	$ 78	$ 105
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Leasing business revenue	Leasing business revenue	Leasing business revenue	Leasing business revenue
Depreciation expense	$ 20	$ 26	$ 63	$ 86
Operating lease payments received			$ 78	$ 109

Operating Lease Equipment - Fut

Operating Lease Equipment - Future Lease Payments Receivable (Details) $ in Millions	Sep. 30, 2024 USD ($)
Leases [Abstract]
Remainder of 2024	$ 25
2025	76
2026	50
2027	26
2028	11
2029	6
Thereafter	9
Total operating lease payments	$ 203

Lease Obligations - Lessee - Le

Lease Obligations - Lessee - Lease Assets and Lease Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease ROU assets	$ 525	$ 511
Finance lease ROU assets	153	126
Total ROU assets	678	637
Operating lease liabilities	609	601
Finance lease liabilities	166	134
Total lease liabilities	$ 775	$ 735
Operating lease right-of-use assets [Extensible List]	Other assets	Other assets
Finance lease, right-of-use assets [Extensible List]	Bank premises and equipment (includes $24 and $19 held for sale)	Bank premises and equipment (includes $24 and $19 held for sale)
Operating lease liabilities [Extensible List]	Accrued Liabilities [Member]	Accrued Liabilities [Member]
Finance lease liabilities [Extensible List]	Long-term debt	Long-term debt
Operating lease right of use asset, accumulated amortization	$ 328	$ 292
Finance lease right of use asset, accumulated amortization	$ 58	$ 77

Lease Obligations - Lessee - _2

Lease Obligations - Lessee - Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Amortization of ROU assets	$ 5	$ 5	$ 16	$ 15
Interest on lease liabilities	2	1	4	3
Total finance lease costs	7	6	20	18
Operating lease cost	23	22	66	65
Short-term lease cost	0	1	1	2
Variable lease cost	7	7	21	22
Sublease income	(1)	(1)	(2)	(2)
Total operating lease costs	29	29	86	87
Total lease costs	36	35	106	105
Impairment losses and termination charges	$ 0	$ 1	$ 0	$ 2

Lease Obligations - Lessee - Un

Lease Obligations - Lessee - Undiscounted Cash Flows (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Operating Leases
Remainder of 2024	$ 32
2025	93
2026	84
2027	76
2028	68
2029	58
Thereafter	381
Total undiscounted cash flows	792
Less: Difference between undiscounted cash flows and discounted cash flows	183
Present value of lease liabilities	609	$ 601
Finance Leases
Remainder of 2024	6
2025	23
2026	22
2027	21
2028	21
2029	11
Thereafter	104
Total undiscounted cash flows	208
Less: Difference between undiscounted cash flows and discounted cash flows	42
Present value of lease liabilities	166	$ 134
Total
Remainder of 2024	38
2025	116
2026	106
2027	97
2028	89
2029	69
Thereafter	485
Total undiscounted cash flows	1,000
Less: Difference between undiscounted cash flows and discounted cash flows	225
Present value of lease liabilities	$ 775

Lease Obligations - Lessee - Ot

Lease Obligations - Lessee - Other Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Leases [Abstract]
Operating leases, weighted average remaining lease term	11 years 5 months 19 days		11 years 25 days
Finance leases, weighted average remaining lease term	12 years 8 months 8 days		15 years 2 months 15 days
Operating leases, weighted average discount rate	4.05%		3.72%
Finance leases, weighted average discount rate	3.78%		3.02%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 71	$ 68
Operating cash flows from finance leases	4	3
Financing cash flows from finance leases	14	12
Gains on sale-leaseback transactions	$ 0	$ 1

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
Goodwill (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill
Goodwill			$ 5,880
Accumulated impairment losses			(965)
Goodwill [Roll Forward]
Net carrying value, beginning of period	$ 4,919	$ 4,915
Acquisition activity		4
Sale of business	(1)
Net carrying value, end of period	4,918	4,919
Operating Segments \| Commercial Banking
Goodwill
Goodwill			3,074
Accumulated impairment losses			(750)
Goodwill [Roll Forward]
Net carrying value, beginning of period	2,324	2,324
Acquisition activity		0
Sale of business	0
Net carrying value, end of period	2,324	2,324
Operating Segments \| Consumer and Small Business Banking
Goodwill
Goodwill			2,580
Accumulated impairment losses			(215)
Goodwill [Roll Forward]
Net carrying value, beginning of period	2,369	2,365
Acquisition activity		4
Sale of business	0
Net carrying value, end of period	2,369	2,369
Operating Segments \| Wealth and Asset Management
Goodwill
Goodwill			226
Accumulated impairment losses			0
Goodwill [Roll Forward]
Net carrying value, beginning of period	226	226
Acquisition activity		0
Sale of business	(1)
Net carrying value, end of period	225	226
General Corporate and Other
Goodwill
Goodwill			0
Accumulated impairment losses			$ 0
Goodwill [Roll Forward]
Net carrying value, beginning of period	0	0
Acquisition activity		0
Sale of business	0
Net carrying value, end of period	$ 0	$ 0

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 353	$ 361
Accumulated Amortization	(255)	(236)
Net Carrying Amount	98	125
Core deposit intangibles
Finite-Lived Intangible Assets
Gross Carrying Amount	206	209
Accumulated Amortization	(192)	(184)
Net Carrying Amount	14	25
Developed technology
Finite-Lived Intangible Assets
Gross Carrying Amount	106	106
Accumulated Amortization	(46)	(33)
Net Carrying Amount	60	73
Customer relationships
Finite-Lived Intangible Assets
Gross Carrying Amount	28	30
Accumulated Amortization	(9)	(10)
Net Carrying Amount	19	20
Other
Finite-Lived Intangible Assets
Gross Carrying Amount	13	16
Accumulated Amortization	(8)	(9)
Net Carrying Amount	$ 5	$ 7

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization expense	$ 8	$ 10	$ 27	$ 33

Intangible Assets - Estimated A

Intangible Assets - Estimated Amortization Expense (Details) $ in Millions	Sep. 30, 2024 USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Remainder of 2024	$ 9
2025	28
2026	22
2027	14
2028	$ 9

Variable Interest Entities - Cl

Variable Interest Entities - Classifications of Consolidated VIE Assets, Liabilities and Noncontrolling Interest Included in the Bancorp's Consolidated Balance Sheets (Details) - USD ($) $ in Millions		Sep. 30, 2024		Jun. 30, 2024	Dec. 31, 2023		Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Assets
Other short-term investments	[1]	$ 21,729			$ 22,082
ALLL		(2,305)	[1]	$ (2,288)	(2,322)	[1]	$ (2,340)	$ (2,327)	$ (2,194)
Other assets	[1]	11,587			12,538
Total Assets		214,318			214,574
Liabilities
Other liabilities	[1]	4,471			4,861
Long-term debt	[1]	17,096			16,380
Total Liabilities		193,534			195,402
Variable Interest Entity, Primary Beneficiary \| Automobile And Solar Loan
Assets
Other short-term investments		50			55
Indirect secured consumer loans		1,097			1,535
Solar energy installation loans		34			38
ALLL		(21)			(28)
Other assets		8			10
Total Assets		1,168			1,610
Liabilities
Other liabilities		13			14
Long-term debt		1,008			1,409
Total Liabilities		$ 1,021			$ 1,423

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.

Variable Interest Entities - As

Variable Interest Entities - Assets and Liabilities Related to Non-consolidated VIEs and Maximum Exposure to Losses (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Variable Interest Entity
Total Assets	$ 214,318	$ 214,574
Total Liabilities	193,534	195,402
Variable Interest Entity, Not Primary Beneficiary \| CDC investments
Variable Interest Entity
Total Assets	2,136	2,007
Total Liabilities	751	690
Maximum Exposure	2,178	2,054
Variable Interest Entity, Not Primary Beneficiary \| Private equity investments
Variable Interest Entity
Total Assets	268	230
Total Liabilities	0	0
Maximum Exposure	484	400
Variable Interest Entity, Not Primary Beneficiary \| Loans provided to VIEs
Variable Interest Entity
Total Assets	4,411	4,274
Total Liabilities	0	0
Maximum Exposure	6,883	6,395
Variable Interest Entity, Not Primary Beneficiary \| Lease pool entities
Variable Interest Entity
Total Assets	33	42
Total Liabilities	0	0
Maximum Exposure	33	42
Variable Interest Entity, Not Primary Beneficiary \| Solar loan securitizations
Variable Interest Entity
Total Assets	8	9
Total Liabilities	0	0
Maximum Exposure	$ 8	$ 9

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($) investment	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) investment	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Aug. 31, 2023 USD ($)
Secured Debt [Member]
Variable Interest Entity
Principal amount						$ 79
LLCs designed for the purpose of purchasing pools of residual interests in leases
Variable Interest Entity
Number of co-investments \| investment	3		3
Ownership percentage (more than)	50%		50%
Variable Interest Entity, Not Primary Beneficiary \| Loans provided to VIEs
Variable Interest Entity
Unfunded commitment amounts			$ 2,500		$ 2,100
Variable Interest Entity, Not Primary Beneficiary \| CDC investments
Variable Interest Entity
CDC investments	$ 2,000		2,000		1,600
Unfunded commitments in qualifying LIHTC investments	751		$ 751		684
Variable Interest Entity, Not Primary Beneficiary \| CDC investments \| Minimum
Variable Interest Entity
Unfunded commitments, year expected to be funded			2024
Variable Interest Entity, Not Primary Beneficiary \| CDC investments \| Maximum
Variable Interest Entity
Unfunded commitments, year expected to be funded			2040
Variable Interest Entity, Not Primary Beneficiary \| Private equity investments
Variable Interest Entity
Unfunded commitment amounts			$ 216		$ 170
Capital contribution to private equity investments	$ 13	$ 15	$ 38	$ 36
Variable Interest Entity, Primary Beneficiary \| Secured Debt [Member]
Variable Interest Entity
Principal amount						1,580
Variable Interest Entity, Primary Beneficiary \| Automobile loan
Variable Interest Entity
Indirect secured consumer loans						$ 1,740

Variable Interest Entities - Sc

Variable Interest Entities - Schedule of Investments, Proportional Amortization Method (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Proportional amortization	$ 50,000,000	$ 47,000,000	$ 150,000,000	$ 148,000,000
Tax credits and other benefits	(67,000,000)	(60,000,000)	(190,000,000)	(178,000,000)
Changes in carrying amounts of equity method investments	2,000,000	0	6,000,000	0
Impairment losses	$ 0	$ 0	$ 0	$ 0

Sales of Receivables and Serv_3

Sales of Receivables and Servicing Rights - Activity Related to Mortgage Banking Net Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Transfers and Servicing [Abstract]
Residential mortgage loan sales	$ 1,327	$ 1,374	$ 2,802	$ 3,882
Origination fees and gains on loan sales	18	19	50	59
Gross mortgage servicing fees	$ 77	$ 79	$ 233	$ 241

Sales of Receivables and Serv_4

Sales of Receivables and Servicing Rights - Changes in the Servicing Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance, beginning of period			$ 1,737	$ 1,746
Servicing rights originated			36	57
Servicing rights purchased			0	25
Servicing rights sold			(5)	0
Changes in fair value:
Due to changes in inputs or assumptions	$ (49)	$ 73	1	107
Other changes in fair value			(113)	(113)
Balance, end of period	$ 1,656	$ 1,822	$ 1,656	$ 1,822

Sales of Receivables and Serv_5

Sales of Receivables and Servicing Rights - Activity Related to the MSR Portfolio (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Transfers and Servicing [Abstract]
Changes in fair value and settlement of free-standing derivatives purchased to economically hedge the MSR portfolio	$ 45	$ (75)	$ (17)	$ (110)
MSR fair value adjustment due to changes in inputs or assumptions	$ (49)	$ 73	$ 1	$ 107

Sales of Receivables and Serv_6

Sales of Receivables and Servicing Rights - Servicing Rights and Residual Interests Economic Assumptions (Details) - Fixed-rate	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Servicing Assets at Amortized Value
Weighted- Average Life (in years)	5 years 9 months 18 days	6 years 7 months 6 days
Prepayment Speed (annual) (as a percent)	15.40%	12.20%
OAS (bps)	0.0494	0.0575

Sales of Receivables and Serv_7

Sales of Receivables and Servicing Rights - Additional Information (Details) - USD ($) $ in Billions	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Transfers and Servicing [Abstract]
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
Servicing of residential mortgage loans for other investors	$ 95.8		$ 100.8
Weighted-average coupon of the MSR portfolio (as a percent)	3.78%		3.72%

Sales of Receivables and Serv_8

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	9 Months Ended
	Sep. 30, 2024 USD ($)
Fixed-rate
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption
Fair Value	$ 1,653
Weighted- Average Life (in years)	8 years 4 months 24 days
Prepayment Speed Assumption, Rate (as a percent)	6.70%
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 10%	$ (37)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 20%	(74)
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 50%	$ (175)
OAS Speed Assumption, OAS (bps)	0.0470
OAS Spread Assumption, Impact of Adverse Change on Fair Value 10%	$ (35)
OAS Spread Assumption, Impact of Adverse Change on Fair Value 20%	(69)
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)	3 years 10 months 24 days
Prepayment Speed Assumption, Rate (as a percent)	22%
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 10%	$ 0
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 20%	0
Prepayment Speed Assumption, Impact of Adverse Change on Fair Value 50%	$ (1)
OAS Speed Assumption, OAS (bps)	0.0696
OAS Spread Assumption, Impact of Adverse Change on Fair Value 10%	$ 0
OAS Spread Assumption, Impact of Adverse Change on Fair Value 20%	$ 0

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivative
Collateral held for derivative assets	$ 728,000,000		$ 728,000,000		$ 1,300,000,000
Valuation adjustments related to the credit risk associated with counterparties of customer accommodation derivative contracts	8,000,000		8,000,000		7,000,000
Amount of variation margin payment applied to derivative liability contracts	437,000,000		437,000,000		721,000,000
Gain or losses reclassified from AOCI into earnings associated with the discontinuance of cash flow hedges	0	$ 0	0	$ 0
Notional amount of the risk participations agreements	3,270,000,000		3,270,000,000		3,563,000,000
Total collateral
Derivative
Collateral held for derivative liabilities	1,200,000,000		$ 1,200,000,000		1,100,000,000
Interest rate contracts
Derivative
Maximum length of time of hedging exposure			88 months
Deferred loss, net of tax, on cash flow hedges recorded in accumulated other comprehensive income	186,000,000		$ 186,000,000		372,000,000
Net deferred loss, net of tax, recorded in AOCI are expected to be reclassified into earnings	111,000,000		111,000,000
Interest rate contracts \| Credit Risk
Derivative
Fair value of risk participation agreements	$ 5,000,000		$ 5,000,000		$ 6,000,000
Weighted-average remaining life			2 years 2 months 12 days

Derivative Financial Instrume_4

Derivative Financial Instruments - Notional Amounts and Fair Values for All Derivative Instruments Included in the Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value
Derivative assets	$ 2,098	$ 2,677
Derivative liabilities	2,427	2,999
Amount of variation margin payment applied to derivative asset contracts	(437)	(587)
Amount of variation margin payment applied to derivative liability contracts	437	721
Designated as Hedging Instrument
Derivatives, Fair Value
Derivative assets	0	10
Derivative liabilities	37	45
Designated as Hedging Instrument \| Fair Value Hedging
Derivatives, Fair Value
Derivative assets	0	0
Derivative liabilities	27	32
Designated as Hedging Instrument \| Fair Value Hedging \| Interest rate swap \| Long-term debt
Derivatives, Fair Value
Notional amount	5,955	5,955
Derivative assets	0	0
Derivative liabilities	27	32
Designated as Hedging Instrument \| Cash Flow Hedging
Derivatives, Fair Value
Derivative assets	0	10
Derivative liabilities	10	13
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate swap \| Commercial and industrial
Derivatives, Fair Value
Notional amount	8,000	8,000
Derivative assets	0	2
Derivative liabilities	10	11
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate floor \| Commercial and industrial
Derivatives, Fair Value
Notional amount	3,000	3,000
Derivative assets	0	1
Derivative liabilities	0	0
Designated as Hedging Instrument \| Cash Flow Hedging \| Forward starting interest rate swap \| Commercial and industrial
Derivatives, Fair Value
Notional amount	4,000	6,000
Derivative assets	0	6
Derivative liabilities	0	1
Designated as Hedging Instrument \| Cash Flow Hedging \| Forward starting interest rate swap \| Commercial mortgage and commercial construction
Derivatives, Fair Value
Notional amount	4,000	4,000
Derivative assets	0	1
Derivative liabilities	0	1
Not Designated as Hedging Instrument
Derivatives, Fair Value
Derivative assets	2,098	2,667
Derivative liabilities	2,390	2,954
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes
Derivatives, Fair Value
Derivative assets	13	83
Derivative liabilities	201	178
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Interest rate contracts related to MSR portfolio
Derivatives, Fair Value
Notional amount	3,505	3,205
Derivative assets	11	81
Derivative liabilities	1	0
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Forward contracts related to residential mortgage loans measured at fair value \| Loans Measured At Fair Value
Derivatives, Fair Value
Notional amount	1,040	650
Derivative assets	1	0
Derivative liabilities	4	5
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Swap
Derivatives, Fair Value
Notional amount	2,206	4,178
Derivative assets	0	0
Derivative liabilities	196	168
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Foreign exchange contracts
Derivatives, Fair Value
Notional amount	175	190
Derivative assets	0	0
Derivative liabilities	0	4
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Interest-only strips
Derivatives, Fair Value
Notional amount	32	39
Derivative assets	1	1
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	5,000
Derivative assets	0	1
Derivative liabilities	0	1
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Interest rate contracts for LIBOR transition
Derivatives, Fair Value
Notional amount	597	597
Derivative assets	0	0
Derivative liabilities	0	0
Not Designated as Hedging Instrument \| Risk Management and Other Business Purposes \| Other
Derivatives, Fair Value
Notional amount	41	30
Derivative assets	0	0
Derivative liabilities	0	0
Not Designated as Hedging Instrument \| Customer Accommodation
Derivatives, Fair Value
Derivative assets	2,085	2,584
Derivative liabilities	2,189	2,776
Not Designated as Hedging Instrument \| Customer Accommodation \| Foreign exchange contracts
Derivatives, Fair Value
Notional amount	38,815	37,734
Derivative assets	739	643
Derivative liabilities	710	596
Not Designated as Hedging Instrument \| Customer Accommodation \| Interest rate contracts for LIBOR transition
Derivatives, Fair Value
Notional amount	675	675
Not Designated as Hedging Instrument \| Customer Accommodation \| Interest rate contracts
Derivatives, Fair Value
Notional amount	89,233	95,079
Derivative assets	628	885
Derivative liabilities	777	1,162
Amount of variation margin payment applied to derivative asset contracts	(190)	(335)
Amount of variation margin payment applied to derivative liability contracts	49	58
Not Designated as Hedging Instrument \| Customer Accommodation \| Interest rate lock commitments
Derivatives, Fair Value
Notional amount	398	252
Derivative assets	6	5
Derivative liabilities	0	0
Not Designated as Hedging Instrument \| Customer Accommodation \| Commodity contracts
Derivatives, Fair Value
Notional amount	16,977	17,621
Derivative assets	712	1,051
Derivative liabilities	702	1,018
Not Designated as Hedging Instrument \| Customer Accommodation \| TBA securities
Derivatives, Fair Value
Notional amount	17	27
Derivative assets	0	0
Derivative liabilities	$ 0	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Change in the Fair Value for Interest Rate Contracts and the Related Hedged Items (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivatives, Fair Value
Hedged Asset, Statement of Financial Position [Extensible Enumeration]	Long-term debt		Long-term debt		Long-term debt
Fair Value Hedging \| Long-term debt
Derivatives, Fair Value
Carrying amount of the hedged items	$ 5,977		$ 5,977		$ 5,899
Fair Value Hedging \| Long-term debt
Derivatives, Fair Value
Cumulative amount of fair value hedging adjustments included in the carrying amount of the hedged items	38		38		(38)
Fair Value Hedging \| Available-for-sale debt and other securities
Derivatives, Fair Value
Cumulative amount of fair value hedging adjustments remaining for hedged items for which hedge accounting has been discontinued	(10)		(10)		$ (11)
Fair Value Hedging \| Interest rate contracts \| Interest on long-term debt
Derivatives, Fair Value
Change in fair value of interest rate swaps hedging financial instrument	190	$ (147)	76	$ (186)
Change in fair value of hedged financial instrument attributable to the risk being hedged	$ (190)	$ 146	$ (76)	$ 188

Derivative Financial Instrume_6

Derivative Financial Instruments - Net Gains (Losses) Relating to Derivative Instruments Designated as Cash Flow Hedges (Details) - Cash Flow Hedging - Interest Income (Expense) Net - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pre-tax net (losses) gains recognized in OCI	$ 530	$ (687)	$ (29)	$ (864)
Amount of pre-tax net losses reclassified from OCI into net income	$ (91)	$ (94)	$ (270)	$ (240)

Derivative Financial Instrume_7

Derivative Financial Instruments - Net Gains (Losses) Recorded in the Condensed Consolidated Statements of Income Relating to Free-Standing Derivative Instruments Used for Risk Management and Other Business Purposes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ 45	$ (75)	$ (17)	$ (110)
Interest rate contracts \| Mortgage banking net revenue \| MSR portfolio
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	45	(75)	(17)	(110)
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	(7)	6	(1)	9
Interest-only strips \| Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	0	0	0	(3)
Foreign exchange contracts \| Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(1)	5	5	1
Equity contracts \| Other noninterest income \| Swap
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ (47)	$ (10)	$ (87)	$ (72)

Derivative Financial Instrume_8

Derivative Financial Instruments - Risk Ratings of the Notional Amount of Risk Participation Agreements (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value
Notional amount of the risk participations agreements	$ 3,270	$ 3,563
Pass
Derivatives, Fair Value
Notional amount of the risk participations agreements	3,026	3,168
Special mention
Derivatives, Fair Value
Notional amount of the risk participations agreements	149	323
Substandard
Derivatives, Fair Value
Notional amount of the risk participations agreements	$ 95	$ 72

Derivative Financial Instrume_9

Derivative Financial Instruments - Net Gains (Losses) Recorded in the Consolidated Statements of Income Relating to Free-Standing Derivative Instruments Used For Customer Accommodation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ 45	$ (75)	$ (17)	$ (110)
Interest rate contracts \| Contract revenue \| Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	9	5	20	26
Interest rate contracts \| Credit portion of fair value adjustment \| Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(4)	4	0	2
Interest rate contracts \| Interest rate lock commitments \| Mortgage banking net revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	17	7	37	33
Commodity contracts \| Contract revenue \| Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	3	9	11	30
Commodity contracts \| Credit portion of fair value adjustment \| Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	0	1	1	0
Foreign exchange contracts \| Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(1)	5	5	1
Foreign exchange contracts \| Contract revenue \| Commercial banking revenue
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	18	24	57	67
Foreign exchange contracts \| Contract revenue \| Other noninterest income
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	(16)	7	(13)	0
Foreign exchange contracts \| Credit portion of fair value adjustment \| Other noninterest expense
Derivative Instruments, Gain (Loss)
Net gains (losses) recorded in earnings	$ 0	$ 1	$ 0	$ 3

Derivative Financial Instrum_10

Derivative Financial Instruments - Offsetting Derivative Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative assets
Gross Amount Recognized in the Condensed Consolidated Balance Sheets	$ 2,092	$ 2,672
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Derivatives	(1,178)	(1,031)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral	(251)	(877)
Net Amount	663	764
Derivative liabilities
Gross Amount Recognized in the Consolidated Balance Sheets	2,427	2,999
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Derivatives	(1,178)	(1,031)
Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets, Collateral	(231)	(159)
Net Amount	$ 1,018	$ 1,809

Other Short-Term Borrowings - S

Other Short-Term Borrowings - Summary of Other Short-Term Borrowings (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Short-Term Debt [Abstract]
FHLB advances	$ 1,000	$ 2,500
Securities sold under repurchase agreements	321	330
Derivative collateral	57	3
Other borrowed money	46	28
Total other short-term borrowings	$ 1,424	$ 2,861

Long-Term Debt (Details)

Long-Term Debt (Details) - Senior Notes - Parent Company - USD ($) $ in Millions	Sep. 06, 2024	Jan. 29, 2024
Fixed Rate Floating Rate 5.631% Senior Notes Due 2032
Debt Instrument [Line Items]
Principal amount		$ 1,000
Interest rate		5.631%
Basis spread on variable rate (as a percent)		1.84%
Fixed Rate Floating Rate 5.631% Senior Notes Due 2032 \| Redemption Period One
Debt Instrument [Line Items]
Redemption period		1 year
Fixed Rate Floating Rate 5.631% Senior Notes Due 2032 \| Redemption Period Two
Debt Instrument [Line Items]
Redemption period		60 days
Fixed Rate Floating Rate 5.631% Senior Notes Due 2032 \| Redemption Period Three
Debt Instrument [Line Items]
Redemption period		180 days
Fixed Rate Floating Rate 4.895% Senior Notes Due 2030
Debt Instrument [Line Items]
Principal amount	$ 750
Interest rate	4.895%
Basis spread on variable rate (as a percent)	1.486%
Fixed Rate Floating Rate 4.895% Senior Notes Due 2030 \| Redemption Period One
Debt Instrument [Line Items]
Redemption period	1 year
Fixed Rate Floating Rate 4.895% Senior Notes Due 2030 \| Redemption Period Two
Debt Instrument [Line Items]
Redemption period	30 days
Fixed Rate Floating Rate 4.895% Senior Notes Due 2030 \| Redemption Period Three
Debt Instrument [Line Items]
Redemption period	180 days

Capital Actions (Details)

Capital Actions (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
Capital Actions (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Capital Unit [Line Items]
Value of shares repurchased	$ 202	$ 327	$ 201
June 12, 2024 ASR
Capital Unit [Line Items]
Value of shares repurchased		$ 125
Shares Repurchased on Repurchase Date (in shares)		3,011,621
Shares Received from Forward Contract Settlement (in shares)		496,767
Total Shares Repurchased (in shares)		3,508,388
July 23, 2024 ASR
Capital Unit [Line Items]
Value of shares repurchased		$ 200
Shares Repurchased on Repurchase Date (in shares)		4,160,548
Shares Received from Forward Contract Settlement (in shares)		713,340
Total Shares Repurchased (in shares)		4,873,888

Commitments, Contingent Liabi_3

Commitments, Contingent Liabilities and Guarantees - Summary of Significant Commitments (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Commitments to extend credit
Long-term Purchase Commitment
Commitments	$ 80,299	$ 81,570
Letters of credit
Long-term Purchase Commitment
Commitments	1,998	2,095
Forward contracts related to residential mortgage loans measured at fair value
Long-term Purchase Commitment
Commitments	1,040	650
Capital commitments for private equity investments
Long-term Purchase Commitment
Commitments	216	170
Capital expenditures
Long-term Purchase Commitment
Commitments	100	95
Purchase obligations
Long-term Purchase Commitment
Commitments	$ 36	$ 69

Commitments, Contingent Liabi_4

Commitments, Contingent Liabilities and Guarantees - Additional Information (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2019	Sep. 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		$ 13		$ 6
Visa
Loss Contingencies
Fair value of liability	196		196		168
Visa IPO, shares of Visa's Class B common stock received (in shares)																		10.1
Visa Class B shares carryover basis																		$ 0
Escrow deposit	1,500	$ 150	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 liability	9		9
Make-whole payments	0	0	0	0
Repurchased outstanding principal	2	13	17	46
Repurchase demand request	8	$ 16	36	$ 76
Outstanding repurchase demand inventory	7		7		8
Secured Debt
Loss Contingencies
Fully and unconditionally guaranteed certain long-term borrowing obligations issued by wholly-owned issuing trust entities	62		62		62
Standby Letters of Credit
Loss Contingencies
Reserve for unfunded commitments	$ 15		$ 15		$ 20
Standby letters of credit as a percentage of total letters of credit	99%		99%		99%
Standby Letters of Credit \| Secured Debt
Loss Contingencies
Standby letters of credit as a percentage of total letters of credit	75%		75%		72%
Variable Rate Demand Note
Loss Contingencies
Total variable rate demand notes	$ 365		$ 365		$ 400
Letters of credit issued related to variable rate demand notes	53		53		83
Variable Rate Demand Note \| Available-for-sale debt and other securities
Loss Contingencies
Total variable rate demand notes	0		0		6
Other Liabilities
Loss Contingencies
Reserve for unfunded commitments	138		138		166
Other Liabilities \| Residential mortgage loans
Loss Contingencies
Outstanding balances on residential mortgage loans sold with representation and warranty provisions	$ 6		$ 6		$ 7

Commitments, Contingent Liabi_5

Commitments, Contingent Liabilities and Guarantees - Risk Rating Under the Risk Rating System (Details) - Commitments to extend credit - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Line of Credit Facility
Commitments	$ 80,299	$ 81,570
Pass
Line of Credit Facility
Commitments	78,274	79,593
Special mention
Line of Credit Facility
Commitments	836	1,301
Substandard
Line of Credit Facility
Commitments	1,188	676
Doubtful
Line of Credit Facility
Commitments	$ 1	$ 0

Commitments, Contingent Liabi_6

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	Sep. 30, 2024 USD ($)
Line of Credit Facility
Commitments	$ 1,998
Less than 1 year
Line of Credit Facility
Commitments	688
Less than 1 year \| Commercial
Line of Credit Facility
Commitments	1
1 - 5 years
Line of Credit Facility
Commitments	1,270
1 - 5 years \| Commercial
Line of Credit Facility
Commitments	2
Over 5 years
Line of Credit Facility
Commitments	$ 40

Commitments, Contingent Liabi_7

Commitments, Contingent Liabilities and Guarantees - Letters of Credit (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	$ 1,998	$ 2,095
Pass
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	1,798	1,902
Special mention
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	75	81
Substandard
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	122	112
Doubtful
Fair Value, Off-balance Sheet Risks, Disclosure Information
Letters of credit	$ 3	$ 0

Commitments, Contingent Liabi_8

Commitments, Contingent Liabilities and Guarantees - Visa Funding and Bancorp Cash Payments (Details) - USD ($) $ in Millions		3 Months Ended
	Oct. 23, 2024	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2014	Sep. 30, 2012	Mar. 31, 2012	Jun. 30, 2011	Dec. 31, 2010	Jun. 30, 2010	Sep. 30, 2024	Dec. 31, 2008
Visa Funding
Loss Contingencies
Visa Funding Amount		$ 150	$ 500	$ 350	$ 600	$ 250	$ 300	$ 600	$ 450	$ 150	$ 1,565	$ 400	$ 800	$ 500	$ 1,500	$ 3,000
Bancorp Cash Payment
Loss Contingencies
Bancorp Cash Payment Amount		$ 6	$ 21	$ 15	$ 25	$ 11	$ 12	$ 26	$ 18	$ 6	$ 75	$ 19	$ 35	$ 20
Bancorp Cash Payment \| Subsequent Event
Loss Contingencies
Bancorp Cash Payment Amount	$ 65

Legal and Regulatory Proceedi_2

Legal and Regulatory Proceedings (Details) $ in Millions					1 Months Ended	12 Months Ended
Legal and Regulatory Proceedings (Details) $ in Millions	Jul. 09, 2024 USD ($)	Mar. 29, 2023 USD ($)	May 28, 2019 USD ($)	Sep. 17, 2018 USD ($)	Oct. 31, 2012 merchant	Dec. 31, 2013 lawsuit	Sep. 30, 2024 USD ($) attorney state	Aug. 03, 2012
Loss Contingencies
Apr percentage allegedly misleading								120%
Number of putative class actions filed \| lawsuit						4
Damages sought			$ 440
Damages awarded		$ 2
Number of state attorneys \| attorney							17
Number of state attorneys included in the coalition, Power Home Solar customers \| state							11
Number of states in coalition \| state							17
Amount in excess of amounts reserved							$ 74
Federal Lawsuits
Loss Contingencies
Number of merchants requesting exclusion \| merchant					500
Class Action Settlement
Loss Contingencies
Total payment by all defendants				$ 6,240
Amount awarded to other party, escrow				5,340
Amount awarded to other party, additional				900
Escrow funds returned to defendants				$ 700
Civil Monetary Penalty, Stipulated Final Judgement
Loss Contingencies
Damages awarded	$ 15
Civil Monetary Penalty, Consent Order
Loss Contingencies
Damages awarded	$ 5

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Applicable income tax expense	$ 155	$ 186	$ 457	$ 519
Effective income tax rate	21.30%	22%	21.30%	22.20%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Activity in AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pretax unrealized losses	$ 1,909	$ (2,187)	$ 1,359	$ (2,260)
Other comprehensive income (loss), tax effect	(454)	514	(318)	531
Other comprehensive income (loss), net of tax	1,455	(1,673)	1,041	(1,729)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	19,226	17,809	19,172	17,327
Other comprehensive loss, net of tax	1,455	(1,673)	1,041	(1,729)
Ending balance	20,784	16,544	20,784	16,544
AOCI
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), net of tax	1,455	(1,673)	1,041	(1,729)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(4,901)	(5,166)	(4,487)	(5,110)
Other comprehensive loss, net of tax	1,455	(1,673)	1,041	(1,729)
Ending balance	(3,446)	(6,839)	(3,446)	(6,839)
Available-for-sale debt securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity	1,241	(1,594)	1,001	(1,638)
Other comprehensive income (loss), before reclassifications, tax effect	(297)	376	(238)	386
Other comprehensive income (loss), before reclassifications, net activity	944	(1,218)	763	(1,252)
Reclassification adjustment, pre-tax activity	11	0	17	1
Reclassification adjustment, tax effect	(2)	0	(4)	0
Reclassification adjustment, net activity	9	0	13	1
Pretax unrealized losses	1,252	(1,594)	2,012	(1,637)
Other comprehensive income (loss), tax effect	(299)	376	(451)	386
Other comprehensive income (loss), net of tax	953	(1,218)	1,561	(1,251)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(3,486)	(4,622)	(4,094)	(4,589)
Other comprehensive loss, net of tax	953	(1,218)	1,561	(1,251)
Ending balance	(2,533)	(5,840)	(2,533)	(5,840)
Available-for-sale debt securities transferred to held-to-maturity securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity			(994)
Other comprehensive income (loss), before reclassifications, tax effect			209
Other comprehensive income (loss), before reclassifications, net activity			(785)
Reclassification adjustment, pre-tax activity	33		97
Reclassification adjustment, tax effect	(7)		(21)
Reclassification adjustment, net activity	26		76
Pretax unrealized losses	33		(897)
Other comprehensive income (loss), tax effect	(7)		188
Other comprehensive income (loss), net of tax	26		(709)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(735)		0
Other comprehensive loss, net of tax	26		(709)
Ending balance	(709)		(709)
Cash flow hedge derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications, pre-tax activity	530	(687)	(29)	(864)
Other comprehensive income (loss), before reclassifications, tax effect	(127)	160	7	200
Other comprehensive income (loss), before reclassifications, net activity	403	(527)	(22)	(664)
Reclassification adjustment, pre-tax activity	91	94	270	240
Reclassification adjustment, tax effect	(21)	(22)	(62)	(55)
Reclassification adjustment, net activity	70	72	208	185
Pretax unrealized losses	621	(593)	241	(624)
Other comprehensive income (loss), tax effect	(148)	138	(55)	145
Other comprehensive income (loss), net of tax	473	(455)	186	(479)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(659)	(522)	(372)	(498)
Other comprehensive loss, net of tax	473	(455)	186	(479)
Ending balance	(186)	(977)	(186)	(977)
Defined benefit pension plants, net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustment, pre-tax activity	1	0	1	1
Reclassification adjustment, tax effect	0	0	0	0
Reclassification adjustment, net activity	1	0	1	1
Pretax unrealized losses	1	0	1	1
Other comprehensive income (loss), tax effect	0	0	0	0
Other comprehensive income (loss), net of tax	1	0	1	1
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(17)	(18)	(17)	(19)
Other comprehensive loss, net of tax	1	0	1	1
Ending balance	(16)	(18)	(16)	(18)
Other
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pretax unrealized losses	2	0	2	0
Other comprehensive income (loss), tax effect	0	0	0	0
Other comprehensive income (loss), net of tax	2	0	2	0
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(4)	(4)	(4)	(4)
Other comprehensive loss, net of tax	2	0	2	0
Ending balance	$ (2)	$ (4)	$ (2)	$ (4)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Reclassification Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Securities gains (losses), net	$ 10	$ (7)	$ 23	$ 3
Interest on securities	461	444	1,374	1,320
Interest and fees on loans and leases	1,910	1,899	5,640	5,445
Compensation and benefits	690	629	2,099	2,036
Other noninterest expense	245	238	768	756
Income (loss) before income taxes	728	846	2,151	2,338
Applicable income tax expense	(155)	(186)	(457)	(519)
Net Income	573	660	1,694	1,819
Reclassification out of AOCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net Income	(108)	(72)	(300)	(187)
Reclassification out of AOCI \| Available-for-sale debt securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Securities gains (losses), net	(11)	0	(17)	(1)
Income (loss) before income taxes	(11)	0	(17)	(1)
Applicable income tax expense	2	0	4	0
Net Income	(9)	0	(13)	(1)
Reclassification out of AOCI \| Available-for-sale debt securities transferred to held-to-maturity securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest on securities	(33)	0	(97)	0
Income (loss) before income taxes	(33)	0	(97)	0
Applicable income tax expense	7	0	21	0
Net Income	(26)	0	(76)	0
Reclassification out of AOCI \| Cash flow hedge derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest and fees on loans and leases	(91)	(94)	(270)	(240)
Income (loss) before income taxes	(91)	(94)	(270)	(240)
Applicable income tax expense	21	22	62	55
Net Income	(70)	(72)	(208)	(185)
Reclassification out of AOCI \| Net periodic benefit costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Compensation and benefits	1	0	1	2
Income (loss) before income taxes	(1)	0	(1)	(1)
Applicable income tax expense	0	0	0	0
Net Income	(1)	0	(1)	(1)
Reclassification out of AOCI \| Other
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other noninterest expense	(2)	0	(2)	0
Income (loss) before income taxes	(2)	0	(2)	0
Applicable income tax expense	0	0	0	0
Net Income	$ (2)	$ 0	$ (2)	$ 0

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Earnings Per Share and the Reconciliation of Earnings Per Share to Earnings Per Diluted Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest [Abstract]
Net income available to common shareholders	$ 532	$ 623	$ 1,573	$ 1,719
Average common shares outstanding - basic (in shares)	680,895,306	684,224,277	684,462,327	684,090,872
Effect of dilutive stock-based awards	5,000,000	3,000,000	5,000,000	4,000,000
Average common shares outstanding - diluted (in shares)	686,108,625	687,059,147	689,263,426	687,661,319
Earnings per share (in dollars per share)	$ 0.78	$ 0.91	$ 2.30	$ 2.51
Earnings per diluted share (in dollars per share)	$ 0.78	$ 0.91	$ 2.28	$ 2.50
Anti-dilutive stock-based awards excluded from diluted shares (in shares)	1,000,000	6,000,000	2,000,000	6,000,000

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Assets:
Available-for-sale debt and other securities:	$ 40,396		$ 40,396		$ 50,419
Equity securities	428		428		613
Derivative assets	2,098		2,098		2,677
Liabilities:
Derivative liabilities	2,427		2,427		2,999
Pretax unrealized losses	1,909	$ (2,187)	1,359	$ (2,260)
Available-for-sale debt securities transferred to held-to-maturity securities
Liabilities:
Pretax unrealized losses	33		(897)
Residential Mortgage
Assets:
Residential mortgage loans	114	113	114	113	116
U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities:	4,350		4,350		4,336
Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities:	0		0		2
Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities:	4,134		4,134		4,912
Other securities
Assets:
Available-for-sale debt and other securities:	777		777		722
Liabilities:
FHLB, restricted stock holdings	275		275		224
FRB, restricted stock holdings	499		499		496
DTCC, restricted stock holdings	3		3		2
Level 3 \| Interest rate contracts
Assets:
Derivative assets	7	5	7	5
Liabilities:
Derivative liabilities	5	$ 7	5	$ 7
Recurring
Assets:
Available-for-sale debt and other securities:	39,619		39,619		49,697
Trading debt securities	1,176		1,176		899
Equity securities	428		428		613
Residential mortgage loans held for sale	512		512		334
Derivative assets	2,098		2,098		2,677
Total assets	45,603		45,603		56,073
Liabilities:
Derivative liabilities	2,427		2,427		2,999
Short positions	231		231		107
Total liabilities	2,658		2,658		3,106
Recurring \| Interest rate contracts
Assets:
Derivative assets	647		647		983
Liabilities:
Derivative liabilities	819		819		1,213
Recurring \| Foreign exchange contracts
Assets:
Derivative assets	739		739		643
Liabilities:
Derivative liabilities	710		710		600
Recurring \| Equity contracts
Liabilities:
Derivative liabilities	196		196		168
Recurring \| Commodity contracts
Assets:
Derivative assets	712		712		1,051
Liabilities:
Derivative liabilities	702		702		1,018
Recurring \| Servicing rights
Assets:
Servicing rights	1,656		1,656		1,737
Recurring \| Residential Mortgage
Assets:
Residential mortgage loans	114		114		116
Recurring \| U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities:	4,350		4,350		4,336
Trading debt securities	619		619		647
Liabilities:
Short positions	82		82		31
Recurring \| Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities:	0		0		2
Trading debt securities	86		86		39
Recurring \| Agency mortgage-backed securities \| Residential Mortgage
Assets:
Available-for-sale debt and other securities:	5,017		5,017		10,282
Trading debt securities	12		12		6
Recurring \| Agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities:	21,719		21,719		25,720
Recurring \| Non-agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities:	4,399		4,399		4,445
Recurring \| Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities:	4,134		4,134		4,912
Trading debt securities	459		459		207
Liabilities:
Short positions	149		149		76
Recurring \| Level 1
Assets:
Available-for-sale debt and other securities:	4,350		4,350		4,336
Trading debt securities	596		596		640
Equity securities	394		394		600
Residential mortgage loans held for sale	0		0		0
Derivative assets	154		154		205
Total assets	5,494		5,494		5,781
Liabilities:
Derivative liabilities	34		34		33
Short positions	81		81		31
Total liabilities	115		115		64
Recurring \| Level 1 \| Interest rate contracts
Assets:
Derivative assets	2		2		0
Liabilities:
Derivative liabilities	4		4		5
Recurring \| Level 1 \| Foreign exchange contracts
Assets:
Derivative assets	0		0		0
Liabilities:
Derivative liabilities	0		0		0
Recurring \| Level 1 \| Equity contracts
Liabilities:
Derivative liabilities	0		0		0
Recurring \| Level 1 \| Commodity contracts
Assets:
Derivative assets	152		152		205
Liabilities:
Derivative liabilities	30		30		28
Recurring \| Level 1 \| Servicing rights
Assets:
Servicing rights	0		0		0
Recurring \| Level 1 \| Residential Mortgage
Assets:
Residential mortgage loans	0		0		0
Recurring \| Level 1 \| U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities:	4,350		4,350		4,336
Trading debt securities	596		596		640
Liabilities:
Short positions	81		81		31
Recurring \| Level 1 \| Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities:	0		0		0
Trading debt securities	0		0		0
Recurring \| Level 1 \| Agency mortgage-backed securities \| Residential Mortgage
Assets:
Available-for-sale debt and other securities:	0		0		0
Trading debt securities	0		0		0
Recurring \| Level 1 \| Agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities:	0		0		0
Recurring \| Level 1 \| Non-agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities:	0		0		0
Recurring \| Level 1 \| Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities:	0		0		0
Trading debt securities	0		0		0
Liabilities:
Short positions	0		0		0
Recurring \| Level 2
Assets:
Available-for-sale debt and other securities:	35,269		35,269		45,361
Trading debt securities	580		580		259
Equity securities	34		34		13
Residential mortgage loans held for sale	512		512		334
Derivative assets	1,937		1,937		2,466
Total assets	38,332		38,332		48,433
Liabilities:
Derivative liabilities	2,192		2,192		2,792
Short positions	150		150		76
Total liabilities	2,342		2,342		2,868
Recurring \| Level 2 \| Interest rate contracts
Assets:
Derivative assets	638		638		977
Liabilities:
Derivative liabilities	810		810		1,202
Recurring \| Level 2 \| Foreign exchange contracts
Assets:
Derivative assets	739		739		643
Liabilities:
Derivative liabilities	710		710		600
Recurring \| Level 2 \| Equity contracts
Liabilities:
Derivative liabilities	0		0		0
Recurring \| Level 2 \| Commodity contracts
Assets:
Derivative assets	560		560		846
Liabilities:
Derivative liabilities	672		672		990
Recurring \| Level 2 \| Servicing rights
Assets:
Servicing rights	0		0		0
Recurring \| Level 2 \| Residential Mortgage
Assets:
Residential mortgage loans	0		0		0
Recurring \| Level 2 \| U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities:	0		0		0
Trading debt securities	23		23		7
Liabilities:
Short positions	1		1		0
Recurring \| Level 2 \| Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities:	0		0		2
Trading debt securities	86		86		39
Recurring \| Level 2 \| Agency mortgage-backed securities \| Residential Mortgage
Assets:
Available-for-sale debt and other securities:	5,017		5,017		10,282
Trading debt securities	12		12		6
Recurring \| Level 2 \| Agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities:	21,719		21,719		25,720
Recurring \| Level 2 \| Non-agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities:	4,399		4,399		4,445
Recurring \| Level 2 \| Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities:	4,134		4,134		4,912
Trading debt securities	459		459		207
Liabilities:
Short positions	149		149		76
Recurring \| Level 3
Assets:
Available-for-sale debt and other securities:	0		0		0
Trading debt securities	0		0		0
Equity securities	0		0		0
Residential mortgage loans held for sale	0		0		0
Derivative assets	7		7		6
Total assets	1,777		1,777		1,859
Liabilities:
Derivative liabilities	201		201		174
Short positions	0		0		0
Total liabilities	201		201		174
Recurring \| Level 3 \| Interest rate contracts
Assets:
Derivative assets	7		7		6
Liabilities:
Derivative liabilities	5		5		6
Recurring \| Level 3 \| Foreign exchange contracts
Assets:
Derivative assets	0		0		0
Liabilities:
Derivative liabilities	0		0		0
Recurring \| Level 3 \| Equity contracts
Liabilities:
Derivative liabilities	196		196		168
Recurring \| Level 3 \| Commodity contracts
Assets:
Derivative assets	0		0		0
Liabilities:
Derivative liabilities	0		0		0
Recurring \| Level 3 \| Servicing rights
Assets:
Servicing rights	1,656		1,656		1,737
Recurring \| Level 3 \| Residential Mortgage
Assets:
Residential mortgage loans	114		114		116
Recurring \| Level 3 \| U.S. Treasury and federal agencies securities
Assets:
Available-for-sale debt and other securities:	0		0		0
Trading debt securities	0		0		0
Liabilities:
Short positions	0		0		0
Recurring \| Level 3 \| Obligations of states and political subdivisions securities
Assets:
Available-for-sale debt and other securities:	0		0		0
Trading debt securities	0		0		0
Recurring \| Level 3 \| Agency mortgage-backed securities \| Residential Mortgage
Assets:
Available-for-sale debt and other securities:	0		0		0
Trading debt securities	0		0		0
Recurring \| Level 3 \| Agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities:	0		0		0
Recurring \| Level 3 \| Non-agency mortgage-backed securities \| Commercial
Assets:
Available-for-sale debt and other securities:	0		0		0
Recurring \| Level 3 \| Asset-backed securities and other debt securities
Assets:
Available-for-sale debt and other securities:	0		0		0
Trading debt securities	0		0		0
Liabilities:
Short positions	$ 0		$ 0		$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Net fair value of the interest rate lock commitments	$ 6		$ 6
Change in the fair value of the interest rate lock commitments, due to decrease in current interest rates of 25 bps	2		2
Change in the fair value of the interest rate lock commitments, due to decrease in current interest rates of 50 bps	4		4
Change in the fair value of the interest rate lock commitments, due to increase in current interest rates of 25 bps	3		3
Change in the fair value of the interest rate lock commitments, due to increase in current interest rates of 50 bps	6		6
Change in fair value of interest rate lock commitments, due to 20% favorable changes in the assumed loan closing rates	0		0
Change in fair value of interest rate lock commitments, due to 20% adverse changes in the assumed loan closing rates	0		0
Change in fair value of interest rate lock commitments, due to 10% favorable changes in the assumed loan closing rates	0		0
Change in fair value of interest rate lock commitments, due to 10% adverse changes in the assumed loan closing rates	0		0
Gain resulting from observable price changes	2	$ 0	11	$ 0
Positive adjustments, cumulative amount	20		20
Private equity, impairment	0	$ 0	0	2
Private equity, cumulative impairment	$ 15		15
Residential Mortgage
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value changes included in earnings for instruments for which the fair value option was elected			2	$ (24)
FVO valuation adjustments related to instrument-specific credit risk			$ 0		$ 0

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	$ 1,676	$ 1,686	$ 1,685	$ 1,673
Included in earnings	(112)	24	(157)	(50)
Purchases/originations	15	24	35	80
Sales			(5)
Settlements	(4)	26	15	53
Transfers into Level 3	1	1	3	5
Balance, end of period	1,576	1,761	1,576	1,761
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	(100)	42	(120)	(20)
Derivative assets	2,098		2,098		$ 2,677
Derivative liabilities	2,427		2,427		$ 2,999
Unrealized gains or losses included in other comprehensive income for instruments still held	0	0	0	0
Interest rate contracts \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Derivative assets	7	5	7	5
Derivative liabilities	5	7	5	7
Servicing Rights
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	1,731	1,764	1,737	1,746
Included in earnings	(90)	34	(112)	(6)
Purchases/originations	15	24	36	82
Sales			(5)
Settlements	0	0	0	0
Transfers into Level 3	0	0	0	0
Balance, end of period	1,656	1,822	1,656	1,822
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	(66)	56	(44)	53
Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	0	2	0	(1)
Included in earnings	18	7	38	32
Purchases/originations	0	0	(1)	(2)
Sales			0
Settlements	(16)	(11)	(35)	(31)
Transfers into Level 3	0	0	0	0
Balance, end of period	2	(2)	2	(2)
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	6	3	7	3
Equity Derivatives
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	(164)	(204)	(168)	(195)
Included in earnings	(47)	(10)	(87)	(72)
Purchases/originations	0	0	0	0
Sales			0
Settlements	15	42	59	95
Transfers into Level 3	0	0	0	0
Balance, end of period	(196)	(172)	(196)	(172)
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	(47)	(10)	(87)	(72)
Residential Mortgage Loans
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Balance, beginning of period	109	124	116	123
Included in earnings	7	(7)	4	(4)
Purchases/originations	0	0	0	0
Sales			0
Settlements	(3)	(5)	(9)	(11)
Transfers into Level 3	1	1	3	5
Balance, end of period	114	113	114	113
The amount of total (losses) gains for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held	$ 7	$ (7)	$ 4	$ (4)

Fair Value Measurements - Total

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) - Level 3 - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	$ (112)	$ 24	$ (157)	$ (50)
Mortgage banking net revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	(66)	33	(71)	19
Commercial banking revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	1	1	2	3
Other noninterest income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gains and losses included in earnings	$ (47)	$ (10)	$ (88)	$ (72)

Fair Value Measurements - Tot_2

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) - Level 3 - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	$ (100)	$ 42	$ (120)	$ (20)
Mortgage banking net revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	(54)	51	(34)	49
Commercial banking revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	1	1	2	3
Other noninterest income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Gain and losses included in earnings	$ (47)	$ (10)	$ (88)	$ (72)

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable Level 3 Inputs Recurring Basis) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative assets	$ 2,098		$ 2,677
Derivative liabilities	(2,427)		(2,999)
Servicing rights
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Servicing rights	$ 1,656	$ 1,822
Servicing rights \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	0%	0%
OAS (bps)	0.0420	0.0477
Servicing rights \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	100%	100%
OAS (bps)	0.1833	0.1447
Servicing rights \| Fixed \| Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	6.70%	5%
OAS (bps)	0.0470	0.0582
Servicing rights \| Adjustable \| Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Prepayment speed	22%	20.30%
OAS (bps)	0.0696	0.1204
IRLCs, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative assets	$ 6	$ 4
IRLCs, net \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	18.50%	33.20%
IRLCs, net \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	96%	97.50%
IRLCs, net \| Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan closing rates	78.70%	82.30%
Swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative liabilities	$ (196)	$ (172)
Swap \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Timing of the resolution of the Covered Litigation	Dec. 31, 2026	Sep. 30, 2024
Swap \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Timing of the resolution of the Covered Litigation	Mar. 31, 2028	Mar. 31, 2027
Swap \| Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Timing of the resolution of the Covered Litigation	Jun. 30, 2027	Dec. 31, 2025
Residential Mortgage
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loans measured at FV	$ 114	$ 113	$ 116
Residential Mortgage \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	(52.30%)	(28.70%)
Credit risk factor	0%	0%
Residential Mortgage \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	4.30%	4%
Credit risk factor	0.50%	0.60%
Residential Mortgage \| Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Interest rate risk factor	(9.30%)	(16.90%)
Credit risk factor	0.10%	0.20%

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 398	$ 364	$ 398	$ 364
Fair value adjustment	(79)	(30)	(178)	(140)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	0	3	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	395	364	395	364
Commercial loans held for sale \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	47		47
Fair value adjustment	(1)		(1)
Commercial loans held for sale \| Commercial \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0		0
Commercial loans held for sale \| Commercial \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0		0
Commercial loans held for sale \| Commercial \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	47		47
Commercial loans and leases \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	125	154	125	154
Fair value adjustment	(73)	(21)	(177)	(118)
Commercial loans and leases \| Commercial \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Commercial loans and leases \| Commercial \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Commercial loans and leases \| Commercial \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	125	154	125	154
Consumer and residential mortgage loans \| Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	208	188	208	188
Fair value adjustment	(7)	(2)	(10)	(10)
Consumer and residential mortgage loans \| Consumer \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Consumer and residential mortgage loans \| Consumer \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Consumer and residential mortgage loans \| Consumer \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	208	188	208	188
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	6	18	6	18
Fair value adjustment	0	(7)	(1)	(8)
OREO \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
OREO \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
OREO \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	6	18	6	18
Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	9	4	9	4
Fair value adjustment	0	0	0	(2)
Bank premises and equipment \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Bank premises and equipment \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Bank premises and equipment \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	9	4	9	4
Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	0	3	0
Fair value adjustment	2	0	11	(2)
Private equity investments \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0	0	0
Private equity investments \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	0	3	0
Private equity investments \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair Values of Assets and Liabilities (Significant Unobservable Level 3 Inputs Nonrecurring Basis) (Details) - Nonrecurring - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 398	$ 364
Commercial loans held for sale \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	47
Commercial loans and leases \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	125	154
Consumer and residential mortgage loans \| Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	208	188
OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	6	18
Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	9	4
Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	3	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	395	364
Level 3 \| Commercial loans held for sale \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	47
Level 3 \| Commercial loans and leases \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	125	154
Level 3 \| Consumer and residential mortgage loans \| Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	208	188
Level 3 \| OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	6	18
Level 3 \| Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	9	4
Level 3 \| Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0
Level 3 \| Comparable Company Analysis \| Commercial loans held for sale \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	47
Level 3 \| Comparable Company Analysis \| Private equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	0	0
Level 3 \| Appraised Value \| Commercial loans and leases \| Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	125	154
Level 3 \| Appraised Value \| Consumer and residential mortgage loans \| Consumer
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	208	188
Level 3 \| Appraised Value \| OREO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	6	18
Level 3 \| Appraised Value \| Bank premises and equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, fair value	$ 9	$ 4

Fair Value Measurements - Diffe

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	Sep. 30, 2024	Dec. 31, 2023
Aggregate Fair Value
Residential mortgage loans measured at fair value	$ 626	$ 450
Past due loans of 30-89 days	1	1
Nonaccrual loans	1	2
Aggregate Unpaid Principal Balance
Residential mortgage loans measured at fair value	624	456
Past due loans of 30-89 days	1	1
Nonaccrual loans	1	2
Difference
Residential mortgage loans measured at fair value	2	(6)
Past due loans of 30-89 days	0	0
Nonaccrual loans	$ 0	$ 0

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Amounts and Estimated Fair Values for Certain Financial Instruments (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Financial assets:
Other short-term investments	[1]	$ 21,729	$ 22,082
Held-to-maturity securities		11,358	2
Loans held for sale		612	378
Portfolio loans and leases		114,363	114,912
Financial liabilities:
Deposits		168,340	168,912
Federal funds purchased		169	193
Other short-term borrowings		1,424	2,861
Long-term debt	[1]	17,096	16,380
Net Carrying Amount
Financial assets:
Cash and due from banks		3,215	3,142
Other short-term investments		21,729	22,082
Other securities		777	722
Held-to-maturity securities		11,358	2
Loans held for sale		100	44
Portfolio loans and leases		114,249	114,796
Financial liabilities:
Deposits		168,340	168,912
Federal funds purchased		169	193
Other short-term borrowings		1,424	2,861
Long-term debt		17,058	16,418
Net Carrying Amount \| Commercial
Financial assets:
Portfolio loans and leases		70,025	71,616
Net Carrying Amount \| Consumer
Financial assets:
Portfolio loans and leases		44,224	43,180
Total Fair Value
Financial assets:
Cash and due from banks		3,215	3,142
Other short-term investments		21,729	22,082
Other securities		777	722
Held-to-maturity securities		11,554	2
Loans held for sale		100	44
Portfolio loans and leases		112,719	113,176
Financial liabilities:
Deposits		168,319	168,873
Federal funds purchased		169	193
Other short-term borrowings		1,429	2,872
Long-term debt		17,431	16,384
Total Fair Value \| Commercial
Financial assets:
Portfolio loans and leases		70,529	71,766
Total Fair Value \| Consumer
Financial assets:
Portfolio loans and leases		42,190	41,410
Total Fair Value \| Level 1
Financial assets:
Cash and due from banks		3,215	3,142
Other short-term investments		21,729	22,082
Other securities		0	0
Held-to-maturity securities		2,379	0
Loans held for sale		0	0
Portfolio loans and leases		0	0
Financial liabilities:
Deposits		0	0
Federal funds purchased		169	193
Other short-term borrowings		0	0
Long-term debt		13,979	14,481
Total Fair Value \| Level 1 \| Commercial
Financial assets:
Portfolio loans and leases		0	0
Total Fair Value \| Level 1 \| Consumer
Financial assets:
Portfolio loans and leases		0	0
Total Fair Value \| Level 2
Financial assets:
Cash and due from banks		0	0
Other short-term investments		0	0
Other securities		777	722
Held-to-maturity securities		9,173	0
Loans held for sale		0	0
Portfolio loans and leases		0	0
Financial liabilities:
Deposits		168,319	168,873
Federal funds purchased		0	0
Other short-term borrowings		1,429	2,872
Long-term debt		3,452	1,903
Total Fair Value \| Level 2 \| Commercial
Financial assets:
Portfolio loans and leases		0	0
Total Fair Value \| Level 2 \| Consumer
Financial assets:
Portfolio loans and leases		0	0
Total Fair Value \| Level 3
Financial assets:
Cash and due from banks		0	0
Other short-term investments		0	0
Other securities		0	0
Held-to-maturity securities		2	2
Loans held for sale		100	44
Portfolio loans and leases		112,719	113,176
Financial liabilities:
Deposits		0	0
Federal funds purchased		0	0
Other short-term borrowings		0	0
Long-term debt		0	0
Total Fair Value \| Level 3 \| Commercial
Financial assets:
Portfolio loans and leases		70,529	71,766
Total Fair Value \| Level 3 \| Consumer
Financial assets:
Portfolio loans and leases		$ 42,190	$ 41,410

[1] Includes $50 and $55 of other short-term investments, $1,131 and $1,573 of portfolio loans and leases, $(21) and $(28) of ALLL, $8 and $10 of other assets, $13 and $14 of other liabilities and $1,008 and $1,409 of long-term debt from consolidated VIEs that are included in their respective captions above at September 30, 2024 and December 31, 2023, respectively. For further information, refer to Note 12.

Business Segments - Narrative (

Business Segments - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
Business Segments - Narrative (Details) $ in Millions	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information
Number of business segments \| segment			3
Other noninterest expense	$ (245)	$ (238)	$ (768)	$ (756)
Wealth and asset management revenue	(163)	(145)	(483)	(434)
Operating Segments \| Investment Advisors [Member]
Segment Reporting Information
Other noninterest expense	(38)	(34)	(112)	(105)
Wealth and asset management revenue	$ (98)	$ (92)	$ (296)	$ (273)
Operating Segments \| Investment Advisors [Member] \| Revision of Prior Period, Adjustment
Segment Reporting Information
Other noninterest expense					$ 186	$ 177	$ 180
Wealth and asset management revenue					$ 186	$ 177	$ 180

Business Segments - Results of

Business Segments - Results of Operations and Average Assets by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information
Net interest income	$ 1,421	$ 1,438	$ 4,192	$ 4,411
Provision for credit losses	160	119	351	460
Net Interest Income After Provision for Credit Losses	1,261	1,319	3,841	3,951
Noninterest Income
Wealth and asset management revenue	163	145	483	434
Service charges on deposits	161	149	467	431
Commercial banking revenue	163	154	451	461
Card and processing revenue	106	104	316	310
Mortgage banking net revenue	50	57	154	184
Leasing business revenue	43	58	120	162
Other noninterest income	15	55	103	152
Securities gains (losses), net	10	(7)	23	3
Total noninterest income	711	715	2,117	2,137
Noninterest Expense
Compensation and benefits	690	629	2,099	2,036
Technology and communications	121	115	351	347
Net occupancy expense	81	84	251	248
Equipment expense	38	37	114	110
Marketing expense	26	35	92	96
Leasing business expense	21	29	69	94
Card and processing expense	22	21	63	63
Other noninterest expense	245	238	768	756
Total noninterest expense	1,244	1,188	3,807	3,750
Income (loss) before income taxes	728	846	2,151	2,338
Applicable income tax expense (benefit)	155	186	457	519
Net Income	573	660	1,694	1,819
Total goodwill	4,918	4,919	4,918	4,919	$ 4,919	$ 4,915
Total assets	214,318	212,967	214,318	212,967
Bank premises and equipment held for sale	24		24		19
Impairment losses on bank premises	0	0	0	2
Impairment losses and termination charges	0	1	0	2
Operating Segments \| Commercial Banking
Segment Reporting Information
Net interest income	669	1,007	2,012	3,006
Provision for credit losses	76	0	284	37
Net Interest Income After Provision for Credit Losses	593	1,007	1,728	2,969
Noninterest Income
Wealth and asset management revenue	1	0	2	2
Service charges on deposits	104	95	307	275
Commercial banking revenue	162	154	446	459
Card and processing revenue	27	23	80	69
Mortgage banking net revenue	0	0	0	0
Leasing business revenue	43	58	120	162
Other noninterest income	11	24	46	68
Securities gains (losses), net	9	(1)	3	(9)
Total noninterest income	357	353	1,004	1,026
Noninterest Expense
Compensation and benefits	151	156	496	499
Technology and communications	3	4	10	10
Net occupancy expense	9	12	27	32
Equipment expense	7	7	21	22
Marketing expense	1	1	2	2
Leasing business expense	21	29	69	94
Card and processing expense	2	3	6	8
Other noninterest expense	276	266	797	849
Total noninterest expense	470	478	1,428	1,516
Income (loss) before income taxes	480	882	1,304	2,479
Applicable income tax expense (benefit)	87	164	224	470
Net Income	393	718	1,080	2,009
Total goodwill	2,324	2,324	2,324	2,324	2,324	2,324
Total assets	75,594	82,829	75,594	82,829
Operating Segments \| Consumer and Small Business Banking
Segment Reporting Information
Net interest income	1,031	1,390	3,210	4,016
Provision for credit losses	78	105	232	221
Net Interest Income After Provision for Credit Losses	953	1,285	2,978	3,795
Noninterest Income
Wealth and asset management revenue	64	53	185	159
Service charges on deposits	56	55	159	159
Commercial banking revenue	1	1	4	3
Card and processing revenue	78	78	232	231
Mortgage banking net revenue	50	57	153	184
Leasing business revenue	0	0	0	0
Other noninterest income	31	30	86	83
Securities gains (losses), net	0	0	0	0
Total noninterest income	280	274	819	819
Noninterest Expense
Compensation and benefits	206	217	666	663
Technology and communications	7	7	22	20
Net occupancy expense	52	52	159	156
Equipment expense	13	11	38	32
Marketing expense	15	17	55	52
Leasing business expense	0	0	0	0
Card and processing expense	20	19	57	57
Other noninterest expense	291	301	871	920
Total noninterest expense	604	624	1,868	1,900
Income (loss) before income taxes	629	935	1,929	2,714
Applicable income tax expense (benefit)	132	196	405	569
Net Income	497	739	1,524	2,145
Total goodwill	2,369	2,369	2,369	2,369	2,369	2,365
Total assets	89,890	88,230	89,890	88,230
Impairment losses on bank premises				1
Operating Segments \| Wealth and Asset Management
Segment Reporting Information
Net interest income	50	98	162	294
Provision for credit losses	0	1	0	1
Net Interest Income After Provision for Credit Losses	50	97	162	293
Noninterest Income
Wealth and asset management revenue	98	92	296	273
Service charges on deposits	0	0	1	0
Commercial banking revenue	0	0	1	1
Card and processing revenue	1	0	2	2
Mortgage banking net revenue	0	0	1	0
Leasing business revenue	0	0	0	0
Other noninterest income	0	2	1	2
Securities gains (losses), net	0	0	0	0
Total noninterest income	99	94	302	278
Noninterest Expense
Compensation and benefits	54	53	168	169
Technology and communications	0	0	1	1
Net occupancy expense	3	3	9	9
Equipment expense	0	0	0	0
Marketing expense	0	0	1	1
Leasing business expense	0	0	0	0
Card and processing expense	0	0	1	1
Other noninterest expense	38	34	112	105
Total noninterest expense	95	90	292	286
Income (loss) before income taxes	54	101	172	285
Applicable income tax expense (benefit)	12	22	36	59
Net Income	42	79	136	226
Total goodwill	225	226	225	226	226	226
Total assets	10,669	10,538	10,669	10,538
Operating Segments \| Wealth and Asset Management \| Revision of Prior Period, Adjustment
Noninterest Income
Wealth and asset management revenue					(186)	(177)	$ (180)
Noninterest Expense
Other noninterest expense					(186)	(177)	$ (180)
General Corporate and Other
Segment Reporting Information
Net interest income	(329)	(1,057)	(1,192)	(2,905)
Provision for credit losses	6	13	(165)	201
Net Interest Income After Provision for Credit Losses	(335)	(1,070)	(1,027)	(3,106)
Noninterest Income
Wealth and asset management revenue	0	0	0	0
Service charges on deposits	1	(1)	0	(3)
Commercial banking revenue	0	(1)	0	(2)
Card and processing revenue	0	3	2	8
Mortgage banking net revenue	0	0	0	0
Leasing business revenue	0	0	0	0
Other noninterest income	(27)	(1)	(30)	(1)
Securities gains (losses), net	1	(6)	20	12
Total noninterest income	(25)	(6)	(8)	14
Noninterest Expense
Compensation and benefits	279	203	769	705
Technology and communications	111	104	318	316
Net occupancy expense	17	17	56	51
Equipment expense	18	19	55	56
Marketing expense	10	17	34	41
Leasing business expense	0	0	0	0
Card and processing expense	0	(1)	(1)	(3)
Other noninterest expense	(360)	(363)	(1,012)	(1,118)
Total noninterest expense	75	(4)	219	48
Income (loss) before income taxes	(435)	(1,072)	(1,254)	(3,140)
Applicable income tax expense (benefit)	(76)	(196)	(208)	(579)
Net Income	(359)	(876)	(1,046)	(2,561)
Total goodwill	0	0	0	0	$ 0	$ 0
Total assets	38,165	31,370	38,165	31,370
Bank premises and equipment held for sale	$ 24	$ 22	$ 24	22
Impairment losses on bank premises				$ 1

Subsequent Event - Narrative (D

Subsequent Event - Narrative (Details) - USD ($) shares in Millions, $ in Millions		9 Months Ended
	Oct. 22, 2024	Sep. 30, 2024	Sep. 30, 2023	Jun. 18, 2019
Subsequent Event [Line Items]
Payments for repurchase shares		$ 325	$ 200
Share repurchased program, authorized amount (in shares)				100
Subsequent Event
Subsequent Event [Line Items]
Payments for repurchase shares	$ 300