v3.25.2
Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 5,939 $ 6,904
Interest-earning deposits with banks 24,455 39,347
Loans held for sale [1] 1,837 850
Investment securities – available-for-sale 67,136 62,039
Investment securities – held-to-maturity 75,212 77,693
Loans [1] 326,340 316,467
Allowance for loan and lease losses (4,523) (4,486)
Net loans 321,817 311,981
Equity investments 9,755 9,600
Mortgage servicing rights 3,467 3,711
Goodwill 10,932 10,932
Other [1] 38,557 36,981
Total assets 559,107 560,038
Deposits    
Noninterest-bearing 93,253 92,641
Interest-bearing [2] 333,443 334,097
Total deposits 426,696 426,738
Borrowed funds    
Federal Home Loan Bank advances 18,000 22,000
Senior debt 35,750 32,497
Subordinated debt 3,490 4,104
Other [2] 3,184 3,072
Total borrowed funds 60,424 61,673
Allowance for unfunded lending related commitments 759 719
Accrued expenses and other liabilities [2] 13,573 16,439
Total liabilities 501,452 505,569
Equity    
Preferred stock [3] 0 0
Common stock ($5 par value, Authorized 800,000,000 shares, issued 543,412,101 and 543,310,646 shares) 2,717 2,717
Capital surplus 18,809 18,710
Retained earnings 60,951 59,282
Accumulated other comprehensive income (loss) (4,682) (6,565)
Common stock held in treasury at cost: 149,426,326 and 147,373,633 shares (20,188) (19,719)
Total shareholders’ equity 57,607 54,425
Noncontrolling interests 48 44
Total equity 57,655 54,469
Total liabilities and equity $ 559,107 $ 560,038
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $1.5 billion, Loans held for investment of $1.1 billion and Other assets of $0.2 billion at June 30, 2025. Comparable amounts at December 31, 2024 were $0.8 billion, $1.2 billion and $0.1 billion, respectively.
[2] Our consolidated liabilities included the following for which we have elected the fair value option: Interest-bearing deposits of $5.6 billion, Other borrowed funds of less than $0.1 billion and Other liabilities of $0.1 billion at June 30, 2025. Comparable amounts at December 31, 2024 were $0, less than $0.1 billion and $0.1 billion, respectively.
[3] Par value less than $0.5 million at each date.