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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and due from banks $ 1,228 $ 1,758
Interest-bearing deposits with banks 6,884 4,524
Other short-term investments 403 157
Investment securities available-for-sale 16,323 19,012
Commercial loans 29,007 30,909
Real estate construction loans 4,545 3,105
Commercial mortgage loans 13,721 13,306
Lease financing 790 760
International loans 1,194 1,197
Residential mortgage loans 1,905 1,814
Consumer loans 2,236 2,311
Total loans 53,398 53,402
Allowance for loan losses (694) (610)
Net loans 52,704 52,792
Premises and equipment 410 400
Accrued income and other assets 7,754 6,763
Total assets 85,706 85,406
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing deposits 29,922 39,945
Money market and interest-bearing checking deposits 26,298 26,290
Savings deposits 2,521 3,225
Customer certificates of deposit 3,401 1,762
Other time deposits 5,011 124
Foreign office time deposits 5 51
Total interest-bearing deposits 37,236 31,452
Total deposits 67,158 71,397
Short-term borrowings 4,812 3,211
Accrued expenses and other liabilities 2,715 2,593
Medium- and long-term debt 6,049 3,024
Total liabilities 80,734 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 2,220 2,220
Accumulated other comprehensive loss (4,540) (3,742)
Retained earnings 11,796 11,258
Less cost of common stock in treasury - 96,374,736 shares at 9/30/2023 and 97,197,962 shares at 12/31/2022 (6,039) (6,090)
Total shareholders’ equity 4,972 5,181
Total liabilities and shareholders’ equity $ 85,706 $ 85,406