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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS:    
Cash and due from banks [1] $ 1,098 $ 1,794
Interest-bearing cash and due from banks 10,501 9,834
Interest-bearing deposits in banks 392 405
Debt securities available for sale, at fair value (including $80 and $110 pledged to creditors, respectively) [2] 31,187 29,777
Debt securities held to maturity (fair value of $8,132 and $8,350 respectively, and including $183 and $204 pledged to creditors, respectively) [2] 9,054 9,184
Loans held for sale, at fair value 505 676
Other loans held for sale 50 103
Loans and leases 143,188 145,959
Less: Allowance for loan and lease losses (2,086) (2,098)
Net loans and leases [1] 141,102 143,861
Derivative assets 469 440
Premises and equipment, net 872 895
Bank-owned life insurance 3,311 3,291
Goodwill 8,188 8,188
Other intangible assets [3] 148 157
Other assets [1] 13,571 13,359
TOTAL ASSETS 220,448 221,964
Deposits:    
Noninterest-bearing 36,593 37,107
Interest-bearing 139,835 140,235
Total deposits 176,428 177,342
Short-term borrowed funds 9 505
Derivative liabilities 1,705 1,562
Long-term borrowed funds [1] 13,804 13,467
Other liabilities [1] 4,741 4,746
TOTAL LIABILITIES 196,687 197,622
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 March 31, 2024 and December 31, 2023 2,014 2,014
Common stock:    
$0.01 par value, 1,000,000,000 shares authorized; 649,141,636 shares issued and 458,485,032 shares outstanding at March 31, 2024 and 647,829,720 shares issued and 466,418,055 shares outstanding at December 31, 2023 6 6
Additional paid-in capital 22,272 22,250
Retained earnings 9,923 9,816
Treasury stock, at cost, 190,656,604 and 181,411,665 shares at March 31, 2024 and December 31, 2023, respectively (6,290) (5,986)
Accumulated other comprehensive income (loss) (4,164) (3,758)
TOTAL STOCKHOLDERS’ EQUITY 23,761 24,342
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 220,448 $ 221,964
[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.