v3.25.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 6,102 $ 6,904
Interest-earning deposits with banks 32,298 39,347
Loans held for sale [1] 1,236 850
Investment securities – available-for-sale 63,318 62,039
Investment securities – held-to-maturity 74,457 77,693
Loans [1] 318,850 316,467
Allowance for loan and lease losses (4,544) (4,486)
Net loans 314,306 311,981
Equity investments 9,448 9,600
Mortgage servicing rights 3,564 3,711
Goodwill 10,932 10,932
Other [1] 39,061 36,981
Total assets 554,722 560,038
Deposits    
Noninterest-bearing 92,369 92,641
Interest-bearing [2] 330,546 334,097
Total deposits 422,915 426,738
Borrowed funds    
Federal Home Loan Bank advances 18,000 22,000
Senior debt 34,987 32,497
Subordinated debt 4,163 4,104
Other [2] 3,572 3,072
Total borrowed funds 60,722 61,673
Allowance for unfunded lending related commitments 674 719
Accrued expenses and other liabilities [2] 13,960 16,439
Total liabilities 498,271 505,569
Equity    
Preferred stock [3] 0 0
Common stock ($5 par value, Authorized 800,000,000 shares, issued 543,310,646 and 543,310,646 shares) 2,717 2,717
Capital surplus 18,731 18,710
Retained earnings 60,051 59,282
Accumulated other comprehensive income (loss) (5,237) (6,565)
Common stock held in treasury at cost: 147,519,772 and 147,373,633 shares (19,857) (19,719)
Total shareholders’ equity 56,405 54,425
Noncontrolling interests 46 44
Total equity 56,451 54,469
Total liabilities and equity $ 554,722 $ 560,038
[1] Our consolidated assets included the following for which we have elected the fair value option: Loans held for sale of $1.0 billion, Loans held for investment of $1.1 billion and Other assets of $0.1 billion at March 31, 2025. Comparable amounts at December 31, 2024 were $0.8 billion, $1.2 billion and $0.1 billion, respectively.
[2] Our consolidated liabilities included the following for which we have elected the fair value option: Interest-bearing deposits of $1.2 billion, Other borrowed funds of less than $0.1 billion and Other liabilities of $0.1 billion at March 31, 2025. Comparable amounts at December 31, 2024 were $0, less than $0.1 billion and $0.1 billion, respectively.
[3] Par value less than $0.5 million at each date.

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