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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 1,563 $ 1,758
Interest-bearing deposits with banks 9,171 4,524
Other short-term investments 354 157
Investment securities available-for-sale 18,295 19,012
Commercial loans 31,630 30,909
Real estate construction loans 3,567 3,105
Commercial mortgage loans 13,592 13,306
Lease financing 766 760
International loans 1,233 1,197
Residential mortgage loans 1,822 1,814
Consumer loans 2,316 2,311
Total loans 54,926 53,402
Allowance for loan losses (641) (610)
Net loans 54,285 52,792
Premises and equipment 399 400
Accrued income and other assets 7,060 6,763
Total assets 91,127 85,406
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing deposits 33,173 39,945
Money market and interest-bearing checking deposits 24,323 26,290
Savings deposits 2,998 3,225
Customer certificates of deposit 2,077 1,762
Other time deposits 2,116 124
Foreign office time deposits 19 51
Total interest-bearing deposits 31,533 31,452
Total deposits 64,706 71,397
Short-term borrowings 11,016 3,211
Accrued expenses and other liabilities 2,327 2,593
Medium- and long-term debt 7,084 3,024
Total liabilities 85,133 80,225
Fixed rate reset non-cumulative perpetual preferred stock, series A, no par value, $100,000, liquidation preference per share: Issued - 4,000 shares 394 394
Common stock - $5 par value: Issued - 228,164,824 shares 1,141 1,141
Capital surplus 2,209 2,220
Accumulated other comprehensive loss (3,171) (3,742)
Retained earnings 11,476 11,258
Less cost of common stock in treasury - 96,631,155 shares at 3/31/2023 and 97,197,962 shares at 12/31/2022 (6,055) (6,090)
Total shareholders’ equity 5,994 5,181
Total liabilities and shareholders’ equity $ 91,127 $ 85,406
Preferred stock, liquidation preference (in dollars per share) $ 100,000 $ 100,000