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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 436 $ 337
Interest-bearing deposits with banks 3,421 3,156
Cash and Cash Equivalents 3,857 3,493
Debt securities available for sale (amortized cost of $3,600 and $3,416; allowance for credit losses of $0 and $0) 3,446 3,426
Debt securities held to maturity (fair value of $3,364 and $3,506; allowance for credit losses of $0 and $0) 3,513 3,463
Loans held for sale (includes $214 and $269 measured at fair value) [1] 253 295
Loans and leases, net of unearned income of $36 and $36 26,839 24,968
Allowance for credit losses on loans and leases (371) (344)
Net Loans and Leases 26,468 24,624
Premises and equipment, net 394 345
Goodwill 2,434 2,262
Core deposit and other intangible assets, net 59 42
Bank owned life insurance 627 546
Other assets 971 1,017
Total Assets 42,022 39,513
Liabilities    
Non-interest-bearing demand 11,729 10,789
Interest-bearing demand 15,256 14,409
Savings 3,970 3,669
Certificates and other time deposits 2,949 2,859
Total Deposits 33,904 31,726
Short-term borrowings 1,425 1,536
Long-term borrowings 713 682
Other liabilities 541 419
Total Liabilities 36,583 34,363
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 – 363,773,858 and 329,464,669 shares 4 3
Additional paid-in capital 4,560 4,109
Retained earnings 1,118 1,110
Accumulated other comprehensive loss (202) (62)
Treasury stock – 12,862,828 and 10,531,177 shares at cost (148) (117)
Total Stockholders’ Equity 5,439 5,150
Total Liabilities and Stockholders’ Equity $ 42,022 $ 39,513
[1] Amount represents loans for which we have elected the fair value option. See Note 19.