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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 1,695 $ 1,731
Interest-bearing deposits at banks 32,144 28,069
Trading account 99 106
Investment securities    
Available for sale (cost: $12,396 at March 31, 2024; $10,691 at December 31, 2023) 12,134 10,440
Held to maturity (fair value: $13,865 at March 31, 2024; $14,308 at December 31, 2023) 15,078 15,330
Equity and other securities (cost: $1,279 at March 31, 2024; $1,125 at December 31, 2023) 1,284 1,127
Total investment securities 28,496 26,897
Loans and leases, net of unearned discount of $928 at March 31, 2024 and $868 at December 31, 2023 134,973 134,068
Allowance for credit losses (2,191) (2,129)
Loans and leases, net 132,782 131,939
Premises and equipment 1,707 1,739
Goodwill 8,465 8,465
Core deposit and other intangible assets 132 147
Accrued interest and other assets 9,617 9,171
Total assets 215,137 208,264
Liabilities    
Noninterest-bearing deposits 50,578 49,294
Savings and interest-checking deposits 96,339 93,221
Time deposits 20,279 20,759
Total deposits 167,196 163,274
Short-term borrowings 4,795 5,316
Accrued interest and other liabilities 4,527 4,516
Long-term borrowings 11,450 8,201
Total liabilities 187,968 181,307
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 March 31, 2024 and December 31, 2023; Liquidation preference of $10,000 per share: 140,000 shares at March 31, 2024 and December 31, 2023; Liquidation preference of $25 per share: 10,000,000 shares at March 31, 2024 and December 31, 2023 2,011 2,011
Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at March 31, 2024 and December 31, 2023 90 90
Common stock issuable, [11,458] shares at March 31, 2024; 12,217 shares at December 31, 2023 1 1
Additional paid-in capital 9,976 10,020
Retained earnings 17,812 17,524
Accumulated other comprehensive income (loss), net (589) (459)
Treasury stock - common, at cost - [12,724,121] shares at March 31, 2024; 13,300,298 shares at December 31, 2023 (2,132) (2,230)
Total shareholders’ equity 27,169 26,957
Total liabilities and shareholders’ equity $ 215,137 $ 208,264