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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 1,731 $ 1,517
Interest-bearing deposits at banks 28,069 24,959
Federal funds sold   3
Trading account 106 118
Investment securities    
Available for sale (cost: $10,69] at December 31, 2023 ; $11,193 at December 31, 2022) 10,440 10,749
Held to maturity (fair value: $14,308 at December 31, 2023; $12,375 at December 31, 2022) 15,330 13,530
Equity and other securities (cost: : $1,125 at December 31, 2023; $934 at December 31, 2022) 1,127 932
Total investment securities 26,897 25,211
Loans receivable 134,936 132,074
Unearned discount (868) (510)
Loans and leases, net of unearned discount 134,068 131,564
Allowance for credit losses (2,129) (1,925)
Loans and leases, net 131,939 129,639
Premises and equipment 1,739 1,654
Goodwill 8,465 8,490
Core deposit and other intangible assets 147 209
Accrued interest and other assets 9,171 8,930
Total assets 208,264 200,730
Liabilities    
Noninterest-bearing deposits 49,294 65,502
Savings and interest-checking deposits 93,221 87,911
Time deposits 20,759 10,102
Total deposits 163,274 163,515
Short-term borrowings 5,316 3,555
Accrued interest and other liabilities 4,516 4,377
Long-term borrowings 8,201 3,965
Total liabilities 181,307 175,412
Shareholders' equity    
Preferred stock, $1.00 par, 20,000,000 shares authorized; Issued and outstanding: Liquidation preference of [$1,000 per share: 350,000] shares at December 31, 2023 and December 31, 2022; Liquidation preference of $10,000 per share: 140,000 shares at December 31, 2023 and December 31,2022; Liquidation preference of $25 per share: 10,000,000 shares at December 31, 2023 and December 31, 2022 2,011 2,011
Common stock, $.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at December 31, 2023 and December 31, 2022 90 90
Common stock issuable, [12,217] shares at December 31, 2023; 14,031 shares at December 31, 2022 1 1
Additional paid-in capital 10,020 10,002
Retained earnings 17,524 15,754
Accumulated other comprehensive income (loss), net (459) (790)
Treasury stock - common, at cost - [13,300,298] shares at December 31, 2023; 10,165,419 shares at December 31, 2022 (2,230) (1,750)
Total shareholders’ equity 26,957 25,318
Total liabilities and shareholders’ equity $ 208,264 $ 200,730