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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
ASSETS:    
Cash and due from banks [1] $ 979 $ 1,794
Interest-bearing cash and due from banks 9,936 9,834
Interest-bearing deposits in banks [1] 648 405
Debt securities available for sale, at fair value (including $68 and $110 pledged to creditors, respectively) [2] 32,835 29,777
Debt securities held to maturity (fair value of $7,924 and $8,350, respectively, and including $175 and $204 pledged to creditors, respectively) [2] 8,738 9,184
Loans held for sale, at fair value 614 676
Other loans held for sale 49 103
Loans and leases 141,632 145,959
Less: Allowance for loan and lease losses (2,079) (2,098)
Net loans and leases [1] 139,553 143,861
Derivative assets 586 440
Premises and equipment, net 862 895
Bank-owned life insurance 3,346 3,291
Goodwill 8,187 8,188
Other intangible assets [3] 137 157
Other assets [1] 13,236 13,359
TOTAL ASSETS 219,706 221,964
Deposits:    
Noninterest-bearing 35,978 37,107
Interest-bearing 139,210 140,235
Total deposits 175,188 177,342
Short-term borrowed funds 15 505
Derivative liabilities 1,012 1,562
Long-term borrowed funds [1] 13,944 13,467
Other liabilities [1] 4,615 4,746
TOTAL LIABILITIES 194,774 197,622
Commitments and Contingencies (refer to Note 11)
Preferred stock:    
$25.00 par value,100,000,000 shares authorized; 2,150,000 and 2,050,000 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 2,112 2,014
Common stock:    
$0.01 par value, 1,000,000,000 shares authorized; 649,634,774 shares issued and 445,216,549 shares outstanding at September 30, 2024 and 647,829,720 shares issued and 466,418,055 shares outstanding at December 31, 2023 6 6
Additional paid-in capital 22,327 22,250
Retained earnings 10,233 9,816
Treasury stock, at cost, 204,418,225 and 181,411,665 shares at September 30, 2024 and December 31, 2023, respectively (6,820) (5,986)
Accumulated other comprehensive income (loss) (2,926) (3,758)
TOTAL STOCKHOLDERS’ EQUITY 24,932 24,342
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 219,706 $ 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.