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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and due from banks, including restricted balances of $29.6 at March 31, 2020 and $875.2 at December 31, 2019 (see Note 9 for amounts pledged) $ 220.7 $ 990.1
Interest bearing cash, including restricted balances of $2.1 at March 31, 2020 and $2.2 at December 31, 2019 (see Note 9 for amounts pledged) 3,477.8 1,695.5
Securities purchased under agreement to resell   950.0
Investment securities, including securities carried at fair value with changes recorded in net income of $0.0 at March 31, 2020 and $47.2 at December 31, 2019 (see Notes 6 and 9 for amounts pledged) 6,128.6 6,276.8
Assets held for sale 73.2 32.1
Loans (see Note 9 for amounts pledged) 38,530.4 30,998.9
Allowance for credit losses (1,111.1) (482.6)
Total loans, net of allowance for credit losses 37,419.3 30,516.3
Operating lease equipment, net (see Note 9 for amounts pledged) 7,488.1 7,319.7
Bank-owned life insurance 1,100.9 1,043.2
Goodwill 146.8 369.9
Other assets, including $546.5 at March 31, 2020 and $190.7 at December 31, 2019, at fair value 2,881.3 1,639.2
Total Assets 58,936.7 50,832.8
Liabilities    
Deposits 42,162.1 35,139.5
Credit balances of factoring clients 1,023.7 1,176.2
Other liabilities, including $164.4 at March 31, 2020 and $100.8 at December 31, 2019, at fair value 1,795.8 1,704.7
Borrowings, including $514.0 at March 31, 2020 and $14.3 at December 31, 2019 contractually due within twelve months 8,094.3 6,473.4
Total Liabilities 53,075.9 44,493.8
Stockholders’ Equity    
Preferred Stock: $0.01 par value, 100,000,000 shares authorized, 8,325,000 shares issued and outstanding at March 31, 2020 and December 31, 2019 525.0 525.0
Common Stock: $0.01 par value, 600,000,000 shares authorized Issued: 0 at March 31, 2020 and 162,188,287 at December 31, 2019 Outstanding: 0 at March 31, 2020 and 94,742,564 at December 31, 2019 1.6 1.6
Paid-in capital 6,873.3 6,853.7
Retained earnings 1,552.1 2,307.6
Accumulated other comprehensive income (loss) 66.8 (52.1)
Treasury stock: 64,648,829 shares at March 31, 2020 and 67,445,723 shares at December 31, 2019 at cost (3,158.0) (3,296.8)
Total Common Stockholders’ Equity 5,335.8 5,814.0
Total Equity 5,860.8 6,339.0
Total Liabilities and Equity $ 58,936.7 $ 50,832.8