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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS:    
Cash and due from banks [1] $ 1,794 $ 1,489
Interest-bearing cash and due from banks 9,834 9,058
Interest-bearing deposits in banks [1] 405 303
Debt securities available for sale, at fair value (including $110 and $270 pledged to creditors, respectively) [2] 29,777 24,007
Debt securities held to maturity (fair value of $8,350 and $9,042, respectively, and including $204 and $110 pledged to creditors, respectively) [2] 9,184 9,834
Loans held for sale, at fair value 676 774
Other loans held for sale 103 208
Loans and leases 145,959 156,662
Less: Allowance for loan and lease losses (2,098) (1,983)
Net loans and leases [1] 143,861 154,679
Derivative assets 440 842
Premises and equipment, net 895 844
Bank-owned life insurance 3,291 3,236
Goodwill 8,188 8,173
Other intangible assets [3] 157 197
Other assets [1] 13,359 13,089
TOTAL ASSETS 221,964 226,733
Deposits:    
Noninterest-bearing 37,107 49,283
Interest-bearing 140,235 131,441
Total deposits 177,342 180,724
Short-term borrowed funds 505 3
Derivative liabilities 1,562 1,909
Long-term borrowed funds [1] 13,467 15,887
Other liabilities [1] 4,746 4,520
TOTAL LIABILITIES 197,622 203,043
Commitments and Contingencies (refer to Note 19)
Preferred Stock:    
$25.00 par value,100,000,000 shares authorized; 2,050,000 shares issued and outstanding at December 31, 2023 and 2022 2,014 2,014
Common stock:    
$0.01 par value, 1,000,000,000 shares authorized; 647,829,720 shares issued and 466,418,055 shares outstanding at December 31, 2023 and 645,220,018 shares issued and 492,282,158 shares outstanding at December 31, 2022 6 6
Additional paid-in capital 22,250 22,142
Retained earnings 9,816 9,159
Treasury stock, at cost, 181,411,665 and 152,937,860 shares at December 31, 2023 and 2022, respectively (5,986) (5,071)
Accumulated other comprehensive income (loss) (3,758) (4,560)
TOTAL STOCKHOLDERS’ EQUITY 24,342 23,690
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 221,964 $ 226,733
[1] Includes amounts in consolidated VIEs. See Note 11 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.