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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 3,360 $ 5,193
Interest-bearing deposits and other short-term investments 38,236 25,663
Total cash and cash equivalents 41,596 30,856
Restricted cash for securitization investors 452 400
Securities available for sale (amortized cost of $88.4 billion and $87.0 billion and allowance for credit losses of $4 million and $3 million as of June 30, 2023 and December 31, 2022, respectively) 78,412 76,919
Loans held for investment:    
Total loans held for investment 311,323 312,331
Allowance for credit losses (14,646) (13,240)
Net loans held for investment 296,677 299,091
Loans held for sale ($542 million and $191 million carried at fair value as of June 30, 2023 and December 31, 2022, respectively) 1,211 203
Premises and equipment, net 4,359 4,351
Interest receivable 2,297 2,104
Goodwill 15,060 14,777
Other assets 27,736 26,548
Total assets 467,800 455,249
Liabilities:    
Interest payable 637 527
Deposits [Abstract]    
Non-interest-bearing deposits 29,312 32,203
Interest-bearing deposits 314,393 300,789
Total deposits 343,705 332,992
Securitized debt obligations 17,861 16,973
Other debt:    
Federal funds purchased and securities loaned or sold under agreements to repurchase 649 883
Senior and subordinated notes 31,627 30,826
Other borrowings 121 33
Total other debt 32,397 31,742
Other liabilities 18,641 20,433
Total liabilities 413,241 402,667
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 June 30, 2023 and December 31, 2022) 0 0
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 694,326,955 and 690,334,422 shares issued as of June 30, 2023 and December 31, 2022, respectively; 381,441,449 and 381,318,702 shares outstanding as of June 30, 2023 and December 31, 2022, respectively) 7 7
Additional paid-in capital, net 35,163 34,725
Retained earnings 59,028 57,184
Accumulated other comprehensive loss (9,818) (9,916)
Treasury stock, at cost (par value $0.01 per share; 312,885,506 and 309,015,720 shares as of June 30, 2023 and December 31, 2022, respectively) (29,821) (29,418)
Total stockholders’ equity 54,559 52,582
Total liabilities and stockholders’ equity 467,800 455,249
Unsecuritized loans held for investment    
Loans held for investment:    
Total loans held for investment 280,933 283,282
Loans held in consolidated trusts    
Loans held for investment:    
Total loans held for investment 30,390 29,049
Total assets 32,580 31,045
Other debt:    
Total liabilities $ 18,815 $ 17,908