v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 559 $ 490
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 91 124
Depreciation, amortization and accretion, net 23 22
Securities (gains) losses, net 3 25
Deferred income tax expense (benefit) (15) (3)
Originations and purchases of loans held for sale (1,967) (1,189)
Proceeds from sales of loans held for sale 2,052 1,470
(Gain) loss on sale of loans, net (12) (9)
Net change in operating assets and liabilities:    
Other earning assets 68 204
Interest receivable and other assets 172 300
Other liabilities (135) (356)
Other 28 (12)
Net cash from operating activities 867 1,066
Investing activities:    
Proceeds from maturities of debt securities held to maturity 193 98
Proceeds from sales of debt securities available for sale 341 599
Proceeds from maturities of debt securities available for sale 827 774
Purchases of debt securities available for sale (1,079) (2,075)
Net (payments for) proceeds from bank-owned life insurance 6 0
Proceeds from sales of loans 38 20
Purchases of loans (76) (61)
Net change in loans (2,364) 913
Purchases of mortgage servicing rights (4) (5)
Net purchases of other assets (62) (97)
Net cash from investing activities (2,180) 166
Financing activities:    
Net change in deposits 752 3,368
Net change in short-term borrowings 2,450 (500)
Payments on long-term borrowings (1,000) 0
Cash dividends on common stock (230) (227)
Cash dividends on preferred stock (20) (25)
Repurchases of common stock (401) (242)
Taxes paid related to net share settlement of equity awards (2) (2)
Net cash from financing activities 1,549 2,372
Net change in cash and cash equivalents 236 3,604
Cash and cash equivalents at beginning of year 10,907 10,712
Cash and cash equivalents at end of year $ 11,143 $ 14,316