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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS:    
Cash and due from banks [1] $ 1,689 $ 1,489
Interest-bearing cash and due from banks 9,878 9,058
Interest-bearing deposits in banks 284 303
Debt securities available for sale, at fair value (including $1,393 and $270 pledged to creditors, respectively) [2] 24,755 24,007
Debt securities held to maturity (fair value of $8,728 and $9,042 respectively, and including $179 and $110 pledged to creditors, respectively) [2] 9,520 9,834
Loans held for sale, at fair value 1,225 774
Other loans held for sale 196 208
Loans and leases [1] 151,320 156,662
Less: Allowance for loan and lease losses (2,044) (1,983)
Net loans and leases 149,276 154,679
Derivative assets 719 842
Premises and equipment, net 876 844
Bank-owned life insurance 3,263 3,236
Goodwill 8,188 8,173
Other intangible assets [3] 175 197
Other assets [1] 13,022 13,089
TOTAL ASSETS 223,066 226,733
Deposits:    
Noninterest-bearing 40,286 49,283
Interest-bearing 137,381 131,441
Total deposits 177,667 180,724
Short-term borrowed funds 1,099 3
Derivative liabilities 2,270 1,909
Long-term borrowed funds [1] 14,100 15,887
Other liabilities [1] 4,345 4,520
TOTAL LIABILITIES 199,481 203,043
Commitments and Contingencies (refer to Note 11)
Preferred stock:    
$25.00 par value,100,000,000 shares authorized; 2,050,000 shares issued and outstanding at June 30, 2023 and December 31, 2022 2,014 2,014
Common stock:    
$0.01 par value, 1,000,000,000 shares authorized; 647,357,402 shares issued and 474,682,759 shares outstanding at June 30, 2023 and 645,220,018 shares issued and 492,282,158 shares outstanding at December 31, 2022 6 6
Additional paid-in capital 22,207 22,142
Retained earnings 9,655 9,159
Treasury stock, at cost, 172,674,643 and 152,937,860 shares at June 30, 2023 and December 31, 2022, respectively (5,734) (5,071)
Accumulated other comprehensive income (loss) (4,563) (4,560)
TOTAL STOCKHOLDERS’ EQUITY 23,585 23,690
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 223,066 $ 226,733
[1] Includes amounts in consolidated VIEs. See Note 6 for additional information.
[2] Includes only collateral pledged by the Company where counterparties have the right to sell or pledge the collateral.
[3] Excludes MSRs, which are reported in Other assets.