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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 337 $ 369
Interest-bearing deposits with banks 3,156 1,014
Cash and Cash Equivalents 3,493 1,383
Debt securities available for sale (amortized cost of $3,416 and $3,380; allowance for credit losses of $0 and $0) 3,426 3,463
Debt securities held to maturity (fair value of $3,506 and $2,973; allowance for credit losses of $0 and $0) 3,463 2,868
Loans held for sale (includes $269 and $144 measured at fair value) [1] 295 154
Loans and leases, net of unearned income of $36 and $77 24,968 25,459
Allowance for credit losses on loans and leases (344) (363)
Net Loans and Leases 24,624 25,096
Premises and equipment, net 345 332
Goodwill 2,262 2,262
Core deposit and other intangible assets, net 42 54
Bank owned life insurance 546 549
Other assets 1,017 1,193
Total Assets 39,513 37,354
Deposits:    
Non-interest-bearing demand 10,789 9,042
Interest-bearing demand 14,409 13,157
Savings 3,669 3,261
Certificates and other time deposits 2,859 3,662
Total Deposits 31,726 29,122
Short-term borrowings 1,536 1,804
Long-term borrowings 682 1,095
Other liabilities 419 374
Total Liabilities 34,363 32,395
Stockholders’ Equity    
Preferred stock - $0.01 par value; liquidation preference of $1,000 per share Authorized – 20,000,000 shares Issued – 110,877 shares 107 107
Common stock - $0.01 par value Authorized – 500,000,000 shares Issued – 329,464,669 and 328,057,368 shares 3 3
Additional paid-in capital 4,109 4,087
Retained earnings 1,110 869
Accumulated other comprehensive loss (62) (39)
Treasury stock – 10,531,177 and 6,427,839 shares at cost (117) (68)
Total Stockholders’ Equity 5,150 4,959
Total Liabilities and Stockholders’ Equity $ 39,513 $ 37,354
[1] Amount represents loans for which we have elected the fair value option. See Note 25.