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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Cash and cash equivalents:    
Cash and due from banks $ 4,671 $ 4,903
Interest-bearing deposits and other short-term investments 46,357 38,394
Total cash and cash equivalents 51,028 43,297
Restricted cash for securitization investors 474 458
Securities available for sale (amortized cost of $88.5 billion and $88.1 billion as of March 31, 2024 and December 31, 2023, respectively, and allowance for credit losses of $4 million as of both March 31, 2024 and December 31, 2023) 78,398 79,117
Loans held for investment:    
Total loans held for investment 315,154 320,472
Allowance for credit losses (15,380) (15,296)
Net loans held for investment 299,774 305,176
Loans held for sale ($1.2 billion and $347 million carried at fair value as of March 31, 2024 and December 31, 2023, respectively) 1,631 854
Premises and equipment, net 4,366 4,375
Interest receivable 2,514 2,478
Goodwill 15,062 15,065
Other assets 28,473 27,644
Total assets 481,720 478,464
Liabilities:    
Interest payable 762 649
Deposits:    
Non-interest-bearing deposits 27,617 28,024
Interest-bearing deposits 323,352 320,389
Total deposits 350,969 348,413
Securitized debt obligations 17,661 18,043
Other debt:    
Federal funds purchased and securities loaned or sold under agreements to repurchase 568 538
Senior and subordinated notes 32,108 31,248
Other borrowings 24 27
Total other debt 32,700 31,813
Other liabilities 21,827 21,457
Total liabilities 423,919 420,375
Commitments, contingencies and guarantees (see Note 14)
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, 2024 and December 31, 2023) 0 0
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 699,753,620 and 696,242,668 shares issued as of March 31, 2024 and December 31, 2023, respectively; 382,063,343 and 380,389,609 shares outstanding as of March 31, 2024 and December 31, 2023, respectively) 7 7
Additional paid-in capital, net 35,808 35,541
Retained earnings 61,905 60,945
Accumulated other comprehensive loss (9,534) (8,268)
Treasury stock, at cost (par value $0.01 per share; 317,690,277 and 315,853,059 shares as of March 31, 2024 and December 31, 2023, respectively) (30,385) (30,136)
Total stockholders’ equity 57,801 58,089
Total liabilities and stockholders’ equity 481,720 478,464
Unsecuritized loans held for investment    
Loans held for investment:    
Total loans held for investment 285,577 289,229
Loans held in consolidated trusts    
Loans held for investment:    
Total loans held for investment 29,577 31,243
Total assets 32,051 33,288
Other debt:    
Total liabilities $ 18,380 $ 18,746