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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS:    
Cash and due from banks [1] $ 1,082 $ 1,409
Interest-bearing cash and due from banks 10,459 9,192
Interest-bearing deposits in banks [1] 685 635
Debt securities available for sale, at fair value (including $110 and $152 pledged to creditors, respectively) [2] 34,208 32,765
Debt securities held to maturity (fair value of $7,515 and $7,540, respectively, and including $70 and $83 pledged to creditors, respectively) [2] 8,469 8,599
Loans held for sale (includes $1,137 and $825, respectively, measured at fair value) 2,820 858
Loans and leases 137,635 139,203
Less: Allowance for loan and lease losses (2,014) (2,061)
Net loans and leases [1] 135,621 137,142
Derivative assets 760 408
Premises and equipment, net 855 875
Bank-owned life insurance 3,386 3,364
Goodwill 8,187 8,187
Other intangible assets [3] 137 146
Other assets [1] 13,479 13,941
TOTAL ASSETS 220,148 217,521
Deposits:    
Noninterest-bearing 37,556 36,920
Interest-bearing 140,020 137,856
Total deposits 177,576 174,776
Short-term borrowed funds 47 0
Derivative liabilities 883 1,220
Long-term borrowed funds [1] 12,267 12,401
Other liabilities [1] 4,509 4,870
TOTAL LIABILITIES 195,282 193,267
Commitments and Contingencies (refer to Note 11)
Preferred stock:    
$25.00 par value,100,000,000 shares authorized; 2,150,000 shares issued and outstanding at March 31, 2025 and December 31, 2024 2,113 2,113
Common stock:    
$0.01 par value, 1,000,000,000 shares authorized; 651,676,964 shares issued and 437,668,127 shares outstanding at March 31, 2025 and 650,068,324 shares issued and 440,543,381 shares outstanding at December 31, 2024 7 7
Additional paid-in capital 22,370 22,364
Retained earnings 10,566 10,412
Treasury stock, at cost, 214,008,837 and 209,524,943 shares at March 31, 2025 and December 31, 2024, respectively (7,249) (7,047)
Accumulated other comprehensive income (loss) (2,941) (3,595)
TOTAL STOCKHOLDERS’ EQUITY 24,866 24,254
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 220,148 $ 217,521
[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.