XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 4,854 $ 3,028
Interest-bearing deposits and other short-term investments 54,255 40,202
Total cash and cash equivalents 59,109 43,230
Restricted cash for securitization investors 2,469 441
Securities available for sale (amortized cost of $95.4 billion and $93.0 billion and allowance for credit losses of $3 million and $4 million as of June 30, 2025 and December 31, 2024, respectively) 87,196 83,013
Loans held for investment:    
Total loans held for investment 439,297 327,775
Allowance for credit losses (23,873) (16,258)
Net loans held for investment 415,424 311,517
Loans held for sale ($152 million and $87 million carried at fair value as of June 30, 2025 and December 31, 2024, respectively) 198 202
Premises and equipment, net 5,687 4,511
Interest receivable 3,373 2,532
Goodwill 28,335 15,059
Other intangible assets 18,157 233
Other assets 30,904 29,406
Assets of discontinued operations 8,116 0
Total assets 658,968 490,144
Liabilities:    
Interest payable 888 666
Deposits:    
Non-interest-bearing deposits 27,879 26,122
Interest-bearing deposits 440,231 336,585
Total deposits 468,110 362,707
Securitized debt obligations 14,658 14,264
Other debt:    
Federal funds purchased and securities loaned or sold under agreements to repurchase 742 562
Senior and subordinated notes 36,706 30,696
Other borrowings 560 29
Total other debt 38,008 31,287
Other liabilities 26,316 20,436
Liabilities of discontinued operations 32 0
Total liabilities 548,012 429,360
Commitments, contingencies and guarantees (see Note 14)
Stockholders’ equity:    
Preferred stock (par value $0.01 per share; 50,000,000 shares authorized; 4,980,700 and 4,975,000 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively) 0 0
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 706,729,115 and 702,224,674 shares issued as of June 30, 2025 and December 31, 2024, respectively; 639,517,306 and 381,230,343 shares outstanding as of June 30, 2025 and December 31, 2024, respectively) 7 7
Additional paid-in capital, net 63,465 36,428
Retained earnings 60,892 64,505
Accumulated other comprehensive loss (6,819) (9,286)
Treasury stock, at cost (par value $0.01 per share; 67,211,809 and 320,994,331 shares as of June 30, 2025 and December 31, 2024, respectively) (6,589) (30,870)
Total stockholders’ equity 110,956 60,784
Total liabilities and stockholders’ equity 658,968 490,144
Unsecuritized loans held for investment    
Loans held for investment:    
Total loans held for investment 384,413 298,241
Loans held in consolidated trusts    
Loans held for investment:    
Total loans held for investment 54,884 29,534
Total assets 58,302 31,812
Other debt:    
Total liabilities $ 15,061 $ 14,788