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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Cash and cash equivalents:    
Cash and due from banks $ 4,606 $ 3,028
Interest-bearing deposits and other short-term investments 50,673 40,202
Total cash and cash equivalents 55,279 43,230
Restricted cash for securitization investors 3,248 441
Securities available for sale (amortized cost of $96.9 billion and $93.0 billion and allowance for credit losses of $3 million and $4 million as of September 30, 2025 and December 31, 2024, respectively) 89,733 83,013
Loans held for investment:    
Total loans held for investment 443,159 327,775
Allowance for credit losses (23,103) (16,258)
Net loans held for investment 420,056 311,517
Loans held for sale ($620 million and $87 million carried at fair value as of September 30, 2025 and December 31, 2024, respectively) 670 202
Premises and equipment, net 5,576 4,511
Interest receivable 3,456 2,532
Goodwill 28,863 15,059
Other intangible assets 17,042 233
Other assets 29,957 29,406
Assets of discontinued operations 7,997 0
Total assets 661,877 490,144
Liabilities:    
Interest payable 826 666
Deposits:    
Non-interest-bearing deposits 27,649 26,122
Interest-bearing deposits 441,136 336,585
Total deposits 468,785 362,707
Securitized debt obligations 13,642 14,264
Other debt:    
Federal funds purchased and securities loaned or sold under agreements to repurchase 616 562
Senior and subordinated notes 36,662 30,696
Other borrowings 562 29
Total other debt 37,840 31,287
Other liabilities 26,941 20,436
Liabilities of discontinued operations 30 0
Total liabilities 548,064 429,360
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 September 30, 2025 and December 31, 2024, respectively) 0 0
Common stock (par value $0.01 per share; 1,000,000,000 shares authorized; 707,690,438 and 702,224,674 shares issued as of September 30, 2025 and December 31, 2024, respectively; 635,733,605 and 381,230,343 shares outstanding as of September 30, 2025 and December 31, 2024, respectively) 7 7
Additional paid-in capital, net 63,725 36,428
Retained earnings 63,624 64,505
Accumulated other comprehensive loss (5,917) (9,286)
Treasury stock, at cost (par value $0.01 per share; 71,956,833 and 320,994,331 shares as of September 30, 2025 and December 31, 2024, respectively) (7,626) (30,870)
Total stockholders’ equity 113,813 60,784
Total liabilities and stockholders’ equity 661,877 490,144
Unsecuritized loans held for investment    
Loans held for investment:    
Total loans held for investment 389,808 298,241
Loans held in consolidated trusts    
Loans held for investment:    
Total loans held for investment 53,351 29,534
Total assets 60,153 31,812
Other debt:    
Total liabilities $ 13,981 $ 14,788