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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 4,108 $ 3,028
Interest-bearing deposits and other short-term investments 44,465 40,202
Total cash and cash equivalents 48,573 43,230
Restricted cash for securitization investors 392 441
Securities available for sale (amortized cost of $92.9 billion and $93.0 billion and allowance for credit losses of $3 million and $4 million as of March 31, 2025 and December 31, 2024, respectively) 84,362 83,013
Loans held for investment:    
Total loans held for investment 323,598 327,775
Allowance for credit losses (15,899) (16,258)
Net loans held for investment 307,699 311,517
Loans held for sale ($285 million and $87 million carried at fair value as of March 31, 2025 and December 31, 2024, respectively) 686 202
Premises and equipment, net 4,579 4,511
Interest receivable 2,599 2,532
Goodwill 15,070 15,059
Other assets 29,644 29,639
Total assets 493,604 490,144
Liabilities:    
Interest payable 646 666
Deposits:    
Non-interest-bearing deposits 26,500 26,122
Interest-bearing deposits 340,964 336,585
Total deposits 367,464 362,707
Securitized debt obligations 11,716 14,264
Other debt:    
Federal funds purchased and securities loaned or sold under agreements to repurchase 573 562
Senior and subordinated notes 29,459 30,696
Other borrowings 25 29
Total other debt 30,057 31,287
Other liabilities 20,179 20,436
Total liabilities 430,062 429,360
Commitments, contingencies and guarantees (see Note 14)
Stockholders’ equity:    
Preferred stock (par value $0.01 per share; 50,000,000 shares authorized; 4,975,000 shares issued and outstanding as of both March 31, 2025 and December 31, 2024) 0 0
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 705,823,311 and 702,224,674 shares issued as of March 31, 2025 and December 31, 2024, respectively; 382,959,187 and 381,230,343 shares outstanding as of March 31, 2025 and December 31, 2024, respectively) 7 7
Additional paid-in capital, net 36,693 36,428
Retained earnings 65,616 64,505
Accumulated other comprehensive loss (7,529) (9,286)
Treasury stock, at cost (par value $0.01 per share; 322,864,124 and 320,994,331 shares as of March 31, 2025 and December 31, 2024, respectively) (31,245) (30,870)
Total stockholders’ equity 63,542 60,784
Total liabilities and stockholders’ equity 493,604 490,144
Unsecuritized loans held for investment    
Loans held for investment:    
Total loans held for investment 295,939 298,241
Loans held in consolidated trusts    
Loans held for investment:    
Total loans held for investment 27,659 29,534
Total assets 30,122 31,812
Other debt:    
Total liabilities $ 12,158 $ 14,788