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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 438 $ 337
Interest-bearing deposits with banks 1,591 3,156
Cash and Cash Equivalents 2,029 3,493
Debt securities available for sale (amortized cost of $3,785 and $3,416; allowance for credit losses of $0 and $0) 3,566 3,426
Debt securities held to maturity (fair value of $3,470 and $3,506; allowance for credit losses of $0 and $0) 3,740 3,463
Loans held for sale (includes $130 and $269 measured at fair value) [1] 164 295
Loans and leases, net of unearned income of $20 and $36 28,044 24,968
Allowance for credit losses on loans and leases (378) (344)
Net Loans and Leases 27,666 24,624
Premises and equipment, net 405 345
Goodwill 2,434 2,262
Core deposit and other intangible assets, net 55 42
Bank owned life insurance 627 546
Other assets 995 1,017
Total Assets 41,681 39,513
Liabilities    
Non-interest-bearing demand 11,716 10,789
Interest-bearing demand 14,739 14,409
Savings 3,982 3,669
Certificates and other time deposits 3,043 2,859
Total Deposits 33,480 31,726
Short-term borrowings 1,391 1,536
Long-term borrowings 712 682
Other liabilities 662 419
Total Liabilities 36,245 34,363
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 – 365,197,355 and 329,464,669 shares 4 3
Additional paid-in capital 4,562 4,109
Retained earnings 1,182 1,110
Accumulated other comprehensive loss (252) (62)
Treasury stock – 14,471,977 and 10,531,177 shares at cost (167) (117)
Total Stockholders’ Equity 5,436 5,150
Total Liabilities and Stockholders’ Equity $ 41,681 $ 39,513
[1] Amount represents loans for which we have elected the fair value option. See Note 19.