Annual report pursuant to Section 13 and 15(d)

BUSINESS COMBINATIONS - Assets Acquired and Liabilities Assumed (Details)

v3.22.4
BUSINESS COMBINATIONS - Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
Jun. 09, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets acquired:        
Loans and leases - UPB $ 33,773      
Loans and leases - fair value 33,156      
Consideration:        
Goodwill   $ 5,571 $ 5,349 $ 1,990
Commercial portfolio        
Assets acquired:        
Loans and leases - UPB 23,780      
Loans and leases - fair value 23,222      
Commercial portfolio | Commercial and industrial        
Assets acquired:        
Loans and leases - UPB 12,726      
Loans and leases - fair value 12,441      
Commercial portfolio | Commercial real estate        
Assets acquired:        
Loans and leases - UPB 8,125      
Loans and leases - fair value 7,869      
Commercial portfolio | Lease financing        
Assets acquired:        
Loans and leases - UPB 2,929      
Loans and leases - fair value 2,912      
Consumer portfolio        
Assets acquired:        
Loans and leases - UPB 9,993      
Loans and leases - fair value 9,934      
Consumer portfolio | Residential mortgage        
Assets acquired:        
Loans and leases - UPB 6,267      
Loans and leases - fair value 6,273      
Consumer portfolio | Automobile        
Assets acquired:        
Loans and leases - UPB 322      
Loans and leases - fair value 317      
Consumer portfolio | Home equity        
Assets acquired:        
Loans and leases - UPB 2,644      
Loans and leases - fair value 2,607      
Consumer portfolio | RV and marine        
Assets acquired:        
Loans and leases - UPB 581      
Loans and leases - fair value 570      
Consumer portfolio | Other consumer        
Assets acquired:        
Loans and leases - UPB 179      
Loans and leases - fair value 167      
TCF Financial Corporation        
Assets acquired:        
Cash and due from banks 466      
Interest-bearing deposits at Federal Reserve Bank 719      
Interest-bearing deposits in banks 312      
Available-for-sale securities 8,900      
Other securities 358      
Loans held for sale 363      
Bank owned life insurance 181      
Premises and equipment 360      
Intangible assets 157      
Other assets 1,441      
Total assets acquired 46,413      
Liabilities and equity assumed:        
Deposits 38,663      
Short-term borrowings 1,306      
Long-term debt 1,516      
Other liabilities 1,082      
Total liabilities 42,567      
Non-controlling interest 22      
Net assets acquired 3,824      
Consideration:        
Consideration transferred 7,183      
Goodwill 3,359      
TCF Financial Corporation | Common Stock        
Consideration:        
Fair value of common stock issued 6,998      
TCF Financial Corporation | Preferred Stock        
Consideration:        
Fair value of common stock issued 185      
TCF Financial Corporation | Core deposit intangible        
Assets acquired:        
Intangible assets 92      
TCF Financial Corporation | Other intangible assets        
Assets acquired:        
Intangible assets 6      
TCF Financial Corporation | Servicing rights        
Assets acquired:        
Intangible assets $ 59