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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 1,909 $ 1,731
Interest-bearing deposits at banks 18,873 28,069
Trading account 101 106
Investment securities:    
Available for sale (cost: $19,054 at December 31, 2024; $10,691 at December 31, 2023) 18,849 10,440
Held to maturity (fair value: $12,955 at December 31, 2024; $14,308 at December 31, 2023) 14,195 15,330
Equity and other securities (cost: $1,007 at December 31, 2024; $1,125 at December 31, 2023) 1,007 1,127
Total investment securities 34,051 26,897
Loans and leases 135,581 134,068
Allowance for credit losses (2,184) (2,129)
Net loans and leases 133,397 131,939
Premises and equipment 1,705 1,739
Goodwill 8,465 8,465
Core deposit and other intangible assets 94 147
Accrued interest and other assets 9,510 9,171
Total assets 208,105 208,264
Liabilities    
Noninterest-bearing deposits 46,020 49,294
Savings and interest-checking deposits 100,599 93,221
Time deposits 14,476 20,759
Total deposits 161,095 163,274
Short-term borrowings 1,060 5,316
Long-term borrowings 12,605 8,201
Accrued interest and other liabilities 4,318 4,516
Total liabilities 179,078 181,307
Shareholders' equity    
Preferred stock 2,394 2,011
Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at December 31, 2024 and December 31, 2023 90 90
Common stock issuable, 11,642 shares at December 31, 2024; 12,217 shares at December 31, 2023 1 1
Additional paid-in capital 9,998 10,020
Retained earnings 19,079 17,524
Accumulated other comprehensive income (loss), net (164) (459)
Treasury stock — common, at cost — 13,922,820 shares at December 31, 2024; 13,300,298 shares at December 31, 2023 (2,371) (2,230)
Total shareholders’ equity 29,027 26,957
Total liabilities and shareholders’ equity $ 208,105 $ 208,264