v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents:    
Cash and due from banks $ 4,834 $ 3,031
Interest-bearing deposits and other short-term investments 49,880 54,403
Total cash and cash equivalents 54,714 57,434
Restricted cash for securitization investors 1,167 4,659
Investment securities available for sale (amortized cost basis of $97.0 billion and $97.7 billion as of June 30, 2026 and December 31, 2025, respectively; allowance for credit losses of $3 million as of both June 30, 2026 and December 31, 2025) 90,041 91,051
Investment securities held to maturity 2,737 0
Total investment securities 92,778 91,051
Loans held for investment:    
Total loans held for investment 457,168 453,622
Allowance for credit losses (22,966) (23,409)
Net loans held for investment 434,202 430,213
Loans held for sale ($206 million and $755 million carried at fair value as of June 30, 2026 and December 31, 2025, respectively) 264 760
Premises and equipment, net 6,244 5,602
Interest receivable 3,432 3,492
Goodwill 31,866 28,509
Other intangible assets 16,077 16,578
Other assets 33,091 30,711
Total assets 673,835 669,009
Liabilities:    
Interest payable 816 844
Deposits:    
Non-interest-bearing deposits 27,793 27,385
Interest-bearing deposits 456,464 448,386
Total deposits 484,257 475,771
Securitized debt obligations 8,502 12,853
Other debt:    
Federal funds purchased and securities loaned or sold under agreements to repurchase 694 587
Senior and subordinated notes 35,620 36,001
Other borrowings 555 1,559
Total other debt 36,869 38,147
Other liabilities 29,598 27,778
Total liabilities 560,042 555,393
Commitments, contingencies and guarantees (see Note 14)
Stockholders’ equity:    
Preferred stock (par value $0.01 per share; 50,000,000 shares authorized; 4,980,700 shares issued and outstanding as of both June 30, 2026 and December 31, 2025) 0 0
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 714,105,102 and 708,546,381 shares issued as of June 30, 2026 and December 31, 2025, respectively; 613,484,836 and 625,102,271 shares outstanding as of June 30, 2026 and December 31, 2025, respectively) 7 7
Additional paid-in capital, net 65,105 64,031
Retained earnings 69,250 65,192
Accumulated other comprehensive loss (6,300) (5,468)
Treasury stock, at cost (par value $0.01 per share; 100,620,266 and 83,444,110 shares as of June 30, 2026 and December 31, 2025, respectively) (14,269) (10,146)
Total stockholders’ equity 113,793 113,616
Total liabilities and stockholders’ equity 673,835 669,009
Allowance for Credit Losses $ (3) $ (3)
Preferred stock, shares outstanding (in shares) 4,980,700 4,980,700
Preferred stock, shares issued (in shares) 4,980,700 4,980,700
Unsecuritized loans held for investment    
Loans held for investment:    
Total loans held for investment $ 431,440 $ 425,665
Loans held in consolidated trusts    
Loans held for investment:    
Total loans held for investment 25,728 27,957
Total assets 29,965 35,070
Other debt:    
Total liabilities $ 8,902 $ 13,277