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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 3,347 $ 5,193
Interest-bearing deposits and other short-term investments 43,166 25,663
Total cash and cash equivalents 46,513 30,856
Restricted cash for securitization investors 460 400
Securities available for sale (amortized cost of $90.8 billion and $87.0 billion and allowance for credit losses of $2 million and $3 million as of March 31, 2023 and December 31, 2022, respectively) 81,925 76,919
Loans held for investment:    
Total loans held for investment 308,836 312,331
Allowance for credit losses (14,318) (13,240)
Net loans held for investment 294,518 299,091
Loans held for sale ($358 million and $191 million carried at fair value as of March 31, 2023 and December 31, 2022, respectively) 363 203
Premises and equipment, net 4,365 4,351
Interest receivable 2,250 2,104
Goodwill 14,779 14,777
Other assets 26,487 26,548
Total assets 471,660 455,249
Liabilities:    
Interest payable 621 527
Deposits [Abstract]    
Non-interest-bearing deposits 31,186 32,203
Interest-bearing deposits 318,641 300,789
Total deposits 349,827 332,992
Securitized debt obligations 17,813 16,973
Other debt:    
Federal funds purchased and securities loaned or sold under agreements to repurchase 542 883
Senior and subordinated notes 30,398 30,826
Other borrowings 24 33
Total other debt 30,964 31,742
Other liabilities 17,782 20,433
Total liabilities 417,007 402,667
Commitments, contingencies and guarantees (see Note 13)
Stockholders’ equity:    
Preferred stock (par value $0.01 per share; 50,000,000 shares authorized; 4,975,000 shares issued and outstanding as of both March 31, 2023 and December 31, 2022) 0 0
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 693,333,206 and 690,334,422 shares issued as of March 31, 2023 and December 31, 2022, respectively; 382,030,281 and 381,318,702 shares outstanding as of March 31, 2023 and December 31, 2022, respectively) 7 7
Additional paid-in capital, net 34,952 34,725
Retained earnings 57,898 57,184
Accumulated other comprehensive loss (8,540) (9,916)
Treasury stock, at cost (par value $0.01 per share; 311,302,925 and 309,015,720 shares as of March 31, 2023 and December 31, 2022, respectively) (29,664) (29,418)
Total stockholders’ equity 54,653 52,582
Total liabilities and stockholders’ equity 471,660 455,249
Unsecuritized loans held for investment    
Loans held for investment:    
Total loans held for investment 280,093 283,282
Loans held in consolidated trusts    
Loans held for investment:    
Total loans held for investment 28,743 29,049
Total assets 30,712 31,045
Other debt:    
Total liabilities $ 18,599 $ 17,908