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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
ASSETS:    
Cash and due from banks [1] $ 1,409 $ 1,794
Interest-bearing cash and due from banks 9,192 9,834
Interest-bearing deposits in banks [1] 635 405
Debt securities available for sale, at fair value (including $152 and $110 pledged to creditors, respectively) [2] 32,765 29,777
Debt securities held to maturity (fair value of $7,540 and $8,350, respectively, and including $83 and $204 pledged to creditors, respectively) [2] 8,599 9,184
Loans held for sale (includes $825 and $676, respectively, measured at fair value) [3] 858 779
Loans and leases 139,203 145,959
Less: Allowance for loan and lease losses (2,061) (2,098)
Net loans and leases [1] 137,142 143,861
Derivative assets 408 440
Premises and equipment, net 875 895
Bank-owned life insurance 3,364 3,291
Goodwill 8,187 8,188
Other intangible assets [4] 146 157
Other assets [1] 13,941 13,359
TOTAL ASSETS 217,521 221,964
Deposits:    
Noninterest-bearing 36,920 37,107
Interest-bearing 137,856 140,235
Total deposits 174,776 177,342
Short-term borrowed funds 0 505
Derivative liabilities 1,220 1,562
Long-term borrowed funds [1] 12,401 13,467
Other liabilities [1] 4,870 4,746
TOTAL LIABILITIES 193,267 197,622
Commitments and Contingencies (refer to Note 19)
Preferred Stock:    
$25.00 par value,100,000,000 shares authorized; 2,150,000 and 2,050,000 shares issued and outstanding at December 31, 2024 and 2023, respectively 2,113 2,014
Common stock:    
$0.01 par value, 1,000,000,000 shares authorized; 650,068,324 shares issued and 440,543,381 shares outstanding at December 31, 2024 and 647,829,720 shares issued and 466,418,055 shares outstanding at December 31, 2023 7 6
Additional paid-in capital 22,364 22,250
Retained earnings 10,412 9,816
Treasury stock, at cost, 209,524,943 and 181,411,665 shares at December 31, 2024 and 2023, respectively (7,047) (5,986)
Accumulated other comprehensive income (loss) (3,595) (3,758)
TOTAL STOCKHOLDERS’ EQUITY 24,254 24,342
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 217,521 $ 221,964
[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] See Note 1 for information regarding updates to the Consolidated Balance Sheets during 2024.
[4] Excludes MSRs, which are reported in Other assets.