v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and due from banks $ 780 $ 651
Money market investments:    
Interest-bearing deposits 1,781 2,850
Federal funds sold and securities purchased under agreements to resell 1,140 1,453
Trading securities, at fair value 180 35
Investment securities:    
Available-for-sale, at fair value 9,116 9,095
Held-to-maturity, at amortized cost (fair value: $9,229 and $9,382) 9,272 9,669
Total investment securities 18,388 18,764
Loans held for sale (includes $100 and $25 of loans carried at fair value) 172 74
Loans and leases, net of unearned income and fees 60,833 59,410
Allowance for loan and lease losses 690 696
Loans held for investment, net of allowance 60,143 58,714
Other noninterest-bearing investments 1,182 1,020
Premises, equipment and software, net 1,361 1,366
Goodwill and intangibles 1,096 1,052
Other real estate owned 5 1
Other assets 2,665 2,795
Total assets 88,893 88,775
Deposits:    
Noninterest-bearing demand 25,413 24,704
Interest-bearing:    
Savings and money market 38,254 40,037
Time 10,133 11,482
Total deposits 73,800 76,223
Federal funds and other short-term borrowings 6,072 3,832
Long-term debt 970 950
Reserve for unfunded lending commitments 42 45
Other liabilities 1,413 1,601
Total liabilities 82,297 82,651
Shareholders’ equity:    
Preferred stock, without par value; authorized 4,400 shares 66 66
Common stock ($0.001 par value; authorized 350,000 shares; issued and outstanding 147,603 and 147,871 shares) and additional paid-in capital 1,713 1,737
Retained earnings 6,981 6,701
Accumulated other comprehensive income (loss) (2,164) (2,380)
Total shareholders’ equity 6,596 6,124
Total liabilities and shareholders’ equity $ 88,893 $ 88,775