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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and due from banks $ 339 $ 369
Interest-bearing deposits with banks 2,329 1,014
Cash and Cash Equivalents 2,668 1,383
Debt securities available for sale (amortized cost of $3,110 and $3,380; allowance for credit losses of $0 and $0) 3,166 3,463
Debt securities held to maturity (fair value of $3,114 and $2,973; allowance for credit losses of $0 and $0 ) 3,043 2,868
Loans held for sale (includes $165 and $144 measured at fair value) [1] 185 154
Loans and leases, net of unearned income of $93 and $77 25,532 25,459
Allowance for credit losses (362) (363)
Net Loans and Leases 25,170 25,096
Premises and equipment, net 330 332
Goodwill 2,262 2,262
Core deposit and other intangible assets, net 51 54
Bank owned life insurance 549 549
Other assets 1,051 1,193
Total Assets 38,475 37,354
Liabilities    
Non-interest-bearing demand 9,935 9,042
Interest-bearing demand 13,684 13,157
Savings 3,351 3,261
Certificates and other time deposits 3,384 3,662
Total Deposits 30,354 29,122
Short-term borrowings 1,687 1,804
Long-term borrowings 1,091 1,095
Other liabilities 369 374
Total Liabilities 33,501 32,395
Stockholders’ Equity    
Preferred stock - $0.01 par value; liquidation preference of $1,000 per share Authorized - 20,000,000 shares Issued - 110,877 shares 107 107
Common stock - $0.01 par value Authorized - 500,000,000 shares Issued - 328,213,157 and 328,057,368 shares 3 3
Additional paid-in capital 4,099 4,087
Retained earnings 921 869
Accumulated other comprehensive loss (51) (39)
Treasury stock – 9,516,731 and 6,427,839 shares at cost (105) (68)
Total Stockholders’ Equity 4,974 4,959
Total Liabilities and Stockholders’ Equity $ 38,475 $ 37,354
[1] Amount represents loans for which we have elected the fair value option. See Note 18.