STI 2018 Annual Report

81 SunTrust Banks, Inc. Consolidated Balance Sheets December 31, (Dollars in millions and shares in thousands, except per share data) 2018 2017 Assets Cash and due from banks $5,791 $5,349 Federal funds sold and securities borrowed or purchased under agreements to resell 1,679 1,538 Interest-bearing deposits in other banks 25 25 Cash and cash equivalents 7,495 6,912 Trading assets and derivative instruments 1 5,506 5,093 Securities available for sale 2, 3 31,442 30,947 Loans held for sale ($1,178 and $1,577 at fair value at December 31, 2018 and 2017, respectively) 1,468 2,290 Loans held for investment 4 ($163 and $196 at fair value at December 31, 2018 and 2017, respectively) 151,839 143,181 Allowance for loan and lease losses (1,615) (1,735) Net loans held for investment 150,224 141,446 Premises, property, and equipment, net 5 2,024 2,053 Goodwill 6,331 6,331 Other intangible assets (Residential MSRs at fair value: $1,983 and $1,710 at December 31, 2018 and 2017, respectively) 2,062 1,791 Other assets 3, 5 ($95 and $56 at fair value at December 31, 2018 and 2017, respectively) 8,991 9,099 Total assets $215,543 $205,962 Liabilities Noninterest-bearing deposits $40,770 $42,784 Interest-bearing deposits ($403 and $236 at fair value at December 31, 2018 and 2017, respectively) 121,819 117,996 Total deposits 162,589 160,780 Funds purchased 2,141 2,561 Securities sold under agreements to repurchase 1,774 1,503 Other short-term borrowings 4,857 717 Long-term debt 6 ($289 and $530 at fair value at December 31, 2018 and 2017, respectively) 15,072 9,785 Trading liabilities and derivative instruments 1,604 1,283 Other liabilities 3,226 4,179 Total liabilities 191,263 180,808 Shareholders’ Equity Preferred stock, no par value 2,025 2,475 Common stock, $1.00 par value 553 550 Additional paid-in capital 9,022 9,000 Retained earnings 19,522 17,540 Treasury stock, at cost, and other 7 (5,422) (3,591) Accumulated other comprehensive loss, net of tax (1,420) (820) Total shareholders’ equity 24,280 25,154 Total liabilities and shareholders’ equity $215,543 $205,962 Common shares outstanding 8 446,888 470,931 Common shares authorized 750,000 750,000 Preferred shares outstanding 20 25 Preferred shares authorized 50,000 50,000 Treasury shares of common stock 105,896 79,133 1 Includes trading securities pledged as collateral where counterparties have the right to sell or repledge the collateral $1,442 $1,086 2 Includes securities AFS pledged as collateral where counterparties have the right to sell or repledge the collateral 222 223 3 Beginning January 1, 2018, the Company reclassified equity securities previously presented in Securities available for sale to Other assets. Prior periods have been revised to conform to the current presentation. 4 Includes loans held for investment of consolidated VIEs 153 179 5 BeginningOctober 1, 2018, the Company reclassified capitalized software and related accumulated amortization previously presented in Other assets to Premises, property, and equipment, net. Prior periods have been revised to conform to the current presentation. 6 Includes debt of consolidated VIEs 161 189 7 Includes noncontrolling interest 103 103 8 Includes restricted shares 7 9 See accompanying Notes to Consolidated Financial Statements.