v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 535 $ 416
Interest-bearing deposits with banks 1,892 2,003
Cash and Cash Equivalents 2,427 2,419
Debt securities available for sale (amortized cost of $3,666 and $3,620; allowance for credit losses of $0 and $0) 3,580 3,466
Debt securities held to maturity (fair value of $3,857 and $3,644; allowance for credit losses of $0 and $0) 4,115 3,979
Loans held for sale (includes $270 and $214 measured at fair value) [1] 296 218
Loans and leases, net of unearned income of $88 and $106 (includes $66 and $53 measured at fair value) [1] 34,679 33,939
Allowance for credit losses on loans and leases (432) (423)
Net Loans and Leases 34,247 33,516
Premises and equipment, net 557 536
Goodwill 2,480 2,478
Core deposit and other intangible assets, net 44 51
Bank owned life insurance 665 660
Other assets 1,314 1,302
Total Assets 49,725 48,625
Liabilities    
Non-interest-bearing demand 9,872 9,761
Interest-bearing demand 17,292 16,668
Savings 3,071 3,178
Certificates and other time deposits 7,513 7,500
Total Deposits 37,748 37,107
Short-term borrowings 1,876 1,256
Long-term borrowings 2,692 3,012
Other liabilities 885 948
Total Liabilities 43,201 42,323
Shareholders’ Equity    
Common stock - $0.01 par value Authorized – 500,000,000 shares Issued – 375,030,534 and 375,018,433 shares 4 4
Additional paid-in capital 4,691 4,695
Retained earnings 2,112 1,952
Accumulated other comprehensive loss (92) (169)
Treasury stock – 15,907,524 and 15,402,776 shares at cost (191) (180)
Total Shareholders’ Equity 6,524 6,302
Total Liabilities and Shareholders’ Equity $ 49,725 $ 48,625
[1] Amount represents loans for which we have elected the fair value option. See Note 18.