v3.25.2
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 1,300,000 $ 1,186,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 255,000 350,000
Depreciation and amortization of premises and equipment 164,000 159,000
Amortization of capitalized servicing rights 68,000 70,000
Amortization of core deposit and other intangible assets 22,000 28,000
Provision for deferred income taxes (22,000) (14,000)
Asset write-downs 6,000 6,000
Net (gain) loss on sales of assets (35,000) 3,000
Net change in accrued interest receivable, payable (13,000) 0
Net change in other accrued income and expense 53,000 51,000
Net change in loans originated for sale (70,000) 11,000
Net change in trading account and other non-hedging derivative assets and liabilities (249,000) 112,000
Net cash from operating activities 1,479,000 1,962,000
Cash flows from investing activities    
Investment securities available for sale 0 58,000
Equity and other securities 304,000 223,000
Loans 780,000 531,000
Investment securities available for sale 2,070,000 3,522,000
Investment securities held to maturity 1,161,000 547,000
Investment securities available for sale (4,472,000) (7,200,000)
Equity and other securities (301,000) (294,000)
Payments to Acquire Loans Receivable 365,000 0
Net change in loans (1,194,000) (1,789,000)
Net change in interest-bearing deposits at banks (424,000) 3,277,000
Capital expenditures, net (51,000) (101,000)
Net change in loan servicing advances (712,000) 153,000
Other, net 219,000 (384,000)
Net cash from investing activities (2,985,000) (1,457,000)
Cash flows from financing activities    
Net change in deposits 3,357,000 (3,366,000)
Net change in short-term borrowings 1,011,000 (552,000)
Proceeds from long-term borrowings 2,786,000 3,357,000
Payments on long-term borrowings (3,165,000) (162,000)
Proceeds from issuance of Series J preferred stock 0 733,000
Purchases of treasury stock (1,725,000) 0
Dividends paid — common (438,000) (446,000)
Dividends paid — preferred (71,000) (58,000)
Other, net (30,000) 36,000
Net cash from financing activities 1,725,000 (458,000)
Net change in cash, cash equivalents and restricted cash 219,000 47,000
Cash, cash equivalents and restricted cash at beginning of period 1,909,000 1,731,000
Cash, cash equivalents and restricted cash at end of period 2,128,000 1,778,000
Supplemental disclosure of cash flow information    
Interest received during the period 5,239,000 5,547,000
Interest paid during the period 1,744,000 2,115,000
Income taxes paid during the period 150,000 106,000
Supplemental schedule of noncash investing and financing activities    
Real estate acquired in settlement of loans 11,000 23,000
Additions to right-of-use assets under operating leases $ 57,000 $ 43,000