Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over 2021–2024 the company’s balance sheet grew overall: total assets rose from $573.3B in 2021 to $678.3B in 2024 (≈+18.3% net), with a large jump in 2022 (+17.7%), a small pullback in 2023 (−1.7%) and modest growth again in 2024 (+2.2%). Liabilities moved in step with assets, increasing from $517.9B to $619.3B (+19.6% net), including a sharp rise in 2022 (+20.4%) and smaller adjustments in 2023–24. Stockholders’ equity declined in 2022 (from $54.9B to $50.8B, −7.6%) but recovered over 2023–24 to $58.6B (+15.4% from the 2022 trough and +6.7% vs. 2021). The equity-to-assets ratio fell from ~9.6% in 2021 to ~7.5% in 2022, then recovered to ~8.6% by 2024; the liability share of the balance sheet correspondingly rose to the low-90% range typical of banks. Interpreting these moves in a banking context: the 2022 spike in both assets and liabilities suggests sizable balance-sheet expansion (loan originations, securities, or deposit/wholesale funding inflows), while the contemporaneous drop in equity compressed capitalization—possibly from negative earnings items, OCI swings, dividends/repurchases, or regulatory capital impacts. The 2023–24 pattern shows stabilization and modest rebuilding of equity, which improves capital metrics but keeps leverage high as is normal for large banks. Note the 2025 row contains zeros (no data) and should be treated as missing rather than a true decline.
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