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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 717 $ 716
Money market investments:    
Interest-bearing deposits 2,276 1,488
Federal funds sold and securities purchased under agreements to resell 936 937
Investment securities:    
Held-to-maturity, at amortized cost (fair value: $9,891 and $10,466) 10,065 10,382
Available-for-sale, at fair value 9,483 10,300
Trading, at fair value 24 48
Total investment securities 19,572 20,730
Loans held for sale (includes $58 and $43 of loans carried at fair value) 112 53
Loans and leases, net of unearned income and fees 58,415 57,779
Less allowance for loan and lease losses 696 684
Loans held for investment, net of allowance 57,719 57,095
Other noninterest-bearing investments 987 950
Premises, equipment and software, net 1,383 1,400
Goodwill and intangibles 1,055 1,059
Other real estate owned 4 6
Other assets 2,845 2,769
Total assets 87,606 87,203
Deposits:    
Noninterest-bearing demand 24,731 26,244
Interest-bearing:    
Savings and money market 38,596 38,721
Time 10,443 9,996
Total deposits 73,770 74,961
Federal funds and other short-term borrowings 5,651 4,379
Long-term debt 546 542
Reserve for unfunded lending commitments 30 45
Other liabilities 1,584 1,585
Total liabilities 81,581 81,512
Shareholders’ equity:    
Preferred stock, without par value; authorized 4,400 shares 440 440
Common stock ($0.001 par value; authorized 350,000 shares; issued and outstanding 147,684 and 148,153 shares) and additional paid-in capital 1,713 1,731
Retained earnings 6,421 6,212
Accumulated other comprehensive income (loss) (2,549) (2,692)
Total shareholders’ equity 6,025 5,691
Total liabilities and shareholders’ equity $ 87,606 $ 87,203