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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 870 $ 1,443
Interest-bearing deposits with banks 5,523 8,059
Other short-term investments 364 399
Investment securities available-for-sale 15,886 16,869
Commercial loans 25,953 27,251
Real estate construction loans 3,859 5,083
Commercial mortgage loans 14,774 13,686
Lease financing 767 807
International loans 1,003 1,102
Residential mortgage loans 1,901 1,889
Consumer loans 2,260 2,295
Total loans 50,517 52,113
Allowance for loan losses (686) (688)
Net loans 49,831 51,425
Premises and equipment 476 445
Accrued income and other assets 6,713 7,194
Total assets 79,663 85,834
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing deposits 23,819 27,849
Money market and interest-bearing checking deposits 31,469 28,246
Savings deposits 2,155 2,381
Customer certificates of deposit 3,592 3,723
Other time deposits 2,017 4,550
Foreign office time deposits 25 13
Total interest-bearing deposits 39,258 38,913
Total deposits 63,077 66,762
Short-term borrowings 0 3,565
Accrued expenses and other liabilities 2,434 2,895
Medium- and long-term debt 6,786 6,206
Total liabilities 72,297 79,428
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 2,217 2,224
Accumulated other comprehensive loss (2,355) (3,048)
Retained earnings 11,949 11,727
Less cost of common stock in treasury - 95,441,515 shares at 9/30/2024 and 96,266,568 shares at 12/31/2023 (5,980) (6,032)
Total shareholders’ equity 7,366 6,406
Total liabilities and shareholders’ equity $ 79,663 $ 85,834