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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 698 $ 908
Interest-earning deposits at banks 30,792 33,609
Securities purchased under agreements to resell 394 473
Investment in marketable equity securities (cost of $75 at March 31, 2024 and December 31, 2023) 79 84
Investment securities available for sale (cost of $25,791 at March 31, 2024 and $20,688 at December 31, 2023), net of allowance for credit losses 24,915 19,936
Investment securities held to maturity (fair value of $8,479 at March 31, 2024 and $8,503 at December 31, 2023) 10,050 9,979
Assets held for sale 86 76
Loans and leases 135,370 133,302
Allowance for loan and lease losses (1,737) (1,747)
Loans and leases, net of allowance for loan and lease losses 133,633 131,555
Operating lease equipment, net 8,811 8,746
Premises and equipment, net 1,906 1,877
Goodwill 346 346
Other intangible assets, net 295 312
Other assets 5,831 5,857
Total assets 217,836 213,758
Deposits:    
Noninterest-bearing 39,276 39,799
Interest-bearing 110,333 106,055
Total deposits 149,609 145,854
Credit balances of factoring clients 1,152 1,089
Borrowings:    
Short-term borrowings 395 485
Long-term borrowings 37,145 37,169
Total borrowings 37,540 37,654
Other liabilities 7,687 7,906
Total liabilities 195,988 192,503
Stockholders’ equity    
Preferred stock - $0.01 par value (20,000,000 shares authorized at March 31, 2024 and December 31, 2023) 881 881
Additional paid in capital 4,099 4,108
Retained earnings 17,435 16,742
Accumulated other comprehensive loss (582) (491)
Total stockholders’ equity 21,848 21,255
Total liabilities and stockholders’ equity 217,836 213,758
Class A    
Stockholders’ equity    
Common stock: 14 14
Class B    
Stockholders’ equity    
Common stock: $ 1 $ 1