v3.26.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 5,646 $ 6,777
Interest-earning deposits with banks 26,053 32,936
Loans held for sale [1] 1,332 1,939
Investment securities – available-for-sale 71,072 68,135
Investment securities – held-to-maturity 72,040 70,105
Loans [1] 360,923 331,481
Allowance for loan and lease losses (4,663) (4,410)
Net loans 356,260 327,071
Equity investments 10,512 10,790
Mortgage servicing rights 3,816 3,659
Goodwill 13,282 10,959
Other [1] 43,015 41,201
Total assets 603,028 573,572
Deposits    
Noninterest-bearing 99,297 91,748
Interest-bearing [2] 358,351 349,118
Total deposits 457,648 440,866
Borrowed funds    
Federal Home Loan Bank advances 21,417 13,000
Senior debt 38,021 38,642
Subordinated debt 4,502 3,016
Other [2] 2,726 2,443
Total borrowed funds 66,666 57,101
Allowance for unfunded lending related commitments 832 818
Accrued expenses and other liabilities [2] 14,206 14,151
Total liabilities 539,352 512,936
Equity    
Preferred stock [3] 0 0
Common stock ($5 par value, Authorized 800,000,000 shares, issued 557,213,012 and 543,497,966 shares) 2,786 2,717
Capital surplus 21,926 18,922
Retained earnings 64,256 63,266
Accumulated other comprehensive income (loss) (3,773) (3,408)
Common stock held in treasury at cost: 155,167,491 and 153,084,091 shares (21,568) (20,912)
Total shareholders’ equity 63,627 60,585
Noncontrolling interests 49 51
Total equity 63,676 60,636
Total liabilities and equity $ 603,028 $ 573,572
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $1.2 billion, Loans held for investment of $1.1 billion and Other assets of $0.1 billion at March 31, 2026. Comparable amounts at December 31, 2025 were $1.7 billion, $1.1 billion and $0.2 billion, respectively.
[2] Our consolidated liabilities included the following for which we have elected the fair value option: Interest-bearing deposits of $0.7 billion, Other borrowed funds of less than $0.1 billion and Other liabilities of $0.1 billion at March 31, 2026. Comparable amounts at December 31, 2025 were $3.6 billion, less than $0.1 billion and $0.1 billion, respectively.
[3] Par value less than $0.5 million at each date.