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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
ASSETS:    
Cash and due from banks [1] $ 1,395 $ 1,489
Interest-bearing cash and due from banks 14,005 9,058
Interest-bearing deposits in banks 324 303
Debt securities available for sale, at fair value (including $402 and $270 pledged to creditors, respectively [2] 25,069 24,007
Debt securities held to maturity (fair value of $8,054 and $9,042 respectively, and including $225 and $110 pledged to creditors, respectively) [2] 9,320 9,834
Loans held for sale, at fair value 749 774
Other loans held for sale 99 208
Loans and leases 149,746 156,662
Less: Allowance for loan and lease losses (2,080) (1,983)
Net loans and leases [1] 147,666 154,679
Derivative assets 522 842
Premises and equipment, net 878 844
Bank-owned life insurance 3,275 3,236
Goodwill 8,188 8,173
Other intangible assets [3] 167 197
Other assets [1] 13,613 13,089
TOTAL ASSETS 225,270 226,733
Deposits:    
Noninterest-bearing 38,561 49,283
Interest-bearing 139,636 131,441
Total deposits 178,197 180,724
Short-term borrowed funds 232 3
Derivative liabilities 2,109 1,909
Long-term borrowed funds [1] 17,354 15,887
Other liabilities [1] 4,500 4,520
TOTAL LIABILITIES 202,392 203,043
Commitments and Contingencies (refer to Note 12)
Preferred stock:    
$25.00 par value,100,000,000 shares authorized; 2,050,000 shares issued and outstanding at September 30, 2023 and December 31, 2022 2,014 2,014
Common stock:    
$0.01 par value, 1,000,000,000 shares authorized; 647,632,105 shares issued and 466,221,795 shares outstanding at September 30, 2023 and 645,220,018 shares issued and 492,282,158 shares outstanding at December 31, 2022 6 6
Additional paid-in capital 22,231 22,142
Retained earnings 9,856 9,159
Treasury stock, at cost, 181,410,310 and 152,937,860 shares at September 30, 2023 and December 31, 2022, respectively (5,986) (5,071)
Accumulated other comprehensive income (loss) (5,243) (4,560)
TOTAL STOCKHOLDERS’ EQUITY 22,878 23,690
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 225,270 $ 226,733
[1] Includes amounts in consolidated VIEs. See Note 7 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.