v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Preferred stock
Common stock shares (in thousands)
Accumulated paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Balance at beginning of period at Dec. 31, 2023 $ 5,691 $ 440   $ 1,731 $ 6,212 $ (2,692)
Balance at beginning of period (in shares) at Dec. 31, 2023     148,153      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for the period 354       354  
Other comprehensive income, net of tax 143         143
Bank common stock repurchased (in shares)     (890)      
Bank common stock repurchased (35)     (35)    
Net activity under employee plans and related tax benefits (in shares)     421      
Net activity under employee plans and related tax benefits 17     17    
Dividends on preferred stock (21)       (21)  
Dividends on common stock (122)       (122)  
Change in deferred compensation (2)       (2)  
Balance at end of period at Jun. 30, 2024 6,025 440   1,713 6,421 (2,549)
Balance at end of period (in shares) at Jun. 30, 2024     147,684      
Balance at beginning of period at Mar. 31, 2024 5,829 440   1,705 6,293 (2,609)
Balance at beginning of period (in shares) at Mar. 31, 2024     147,653      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for the period 201       201  
Other comprehensive income, net of tax 60         60
Net activity under employee plans and related tax benefits (in shares)     31      
Net activity under employee plans and related tax benefits 8     8    
Dividends on preferred stock (11)       (11)  
Dividends on common stock (61)       (61)  
Change in deferred compensation (1)       (1)  
Balance at end of period at Jun. 30, 2024 6,025 440   1,713 6,421 (2,549)
Balance at end of period (in shares) at Jun. 30, 2024     147,684      
Balance at beginning of period at Dec. 31, 2024 $ 6,124 66   1,737 6,701 (2,380)
Balance at beginning of period (in shares) at Dec. 31, 2024 147,871   147,871      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for the period $ 414       414  
Other comprehensive income, net of tax 216         216
Bank common stock repurchased (in shares)     (772)      
Bank common stock repurchased (41)     (41)    
Net activity under employee plans and related tax benefits (in shares)     504      
Net activity under employee plans and related tax benefits 17     17    
Dividends on preferred stock (2)       (2)  
Dividends on common stock (129)       (129)  
Change in deferred compensation (3)       (3)  
Balance at end of period at Jun. 30, 2025 $ 6,596 66   1,713 6,981 (2,164)
Balance at end of period (in shares) at Jun. 30, 2025 147,603   147,603      
Balance at beginning of period at Mar. 31, 2025 $ 6,327 66   1,706 6,805 (2,250)
Balance at beginning of period (in shares) at Mar. 31, 2025     147,567      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for the period 244       244  
Other comprehensive income, net of tax 86         86
Net activity under employee plans and related tax benefits (in shares)     36      
Net activity under employee plans and related tax benefits 7     7    
Dividends on preferred stock (1)       (1)  
Dividends on common stock (64)       (64)  
Change in deferred compensation (3)       (3)  
Balance at end of period at Jun. 30, 2025 $ 6,596 $ 66   $ 1,713 $ 6,981 $ (2,164)
Balance at end of period (in shares) at Jun. 30, 2025 147,603   147,603