v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Income (loss) from continuing operations, net of tax $ 2,181,000,000 $ 1,404,000,000
Income (loss) from discontinued operations, net of tax (7,000,000) 0
Net income 2,174,000,000 1,404,000,000
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 4,068,000,000 2,369,000,000
Depreciation and amortization, net 1,510,000,000 812,000,000
Deferred tax provision 244,000,000 262,000,000
Stock-based compensation expense 131,000,000 177,000,000
Other, net 6,000,000 45,000,000
Loans held for sale:    
Originations and purchases (1,056,000,000) (1,208,000,000)
Proceeds from sales and paydowns 1,706,000,000 724,000,000
Changes in operating assets and liabilities:    
Changes in interest receivable 32,000,000 (67,000,000)
Changes in other assets (2,956,000,000) (9,000,000)
Changes in interest payable (17,000,000) (20,000,000)
Changes in other liabilities 181,000,000 178,000,000
Net cash from operating activities 6,023,000,000 4,667,000,000
Investment securities available for sale:    
Purchases (5,683,000,000) (2,839,000,000)
Proceeds from paydowns and maturities 5,789,000,000 3,073,000,000
Proceeds from sales 68,000,000 0
Investment securities held to maturity:    
Purchases (1,056,000,000) 0
Proceeds from paydowns and maturities 3,000,000 0
Net changes in loans originated as held for investment 1,699,000,000 1,277,000,000
Changes in premises and equipment (553,000,000) (348,000,000)
Net cash used in other investing activities (241,000,000) (318,000,000)
Net cash from investing activities 26,000,000 845,000,000
Financing activities:    
Changes in deposits 13,301,000,000 4,678,000,000
Issuance of long-term debt 2,988,000,000 1,742,000,000
Maturities and paydowns of long-term debt (2,481,000,000) (6,073,000,000)
Changes in other borrowings 538,000,000 7,000,000
Common stock:    
Net proceeds from issuances 119,000,000 93,000,000
Dividends paid (502,000,000) (234,000,000)
Preferred stock:    
Dividends paid (57,000,000) (57,000,000)
Purchases of treasury stock (2,793,000,000) (375,000,000)
Proceeds from share-based payment activities 1,000,000 1,000,000
Net cash from (used in) financing activities 11,114,000,000 (218,000,000)
Changes in cash, cash equivalents and restricted cash for securitization investors 17,163,000,000 5,294,000,000
Cash, cash equivalents and restricted cash for securitization investors, beginning of the period 62,093,000,000 43,671,000,000
Cash, cash equivalents and restricted cash for securitization investors, end of the period 79,256,000,000 48,965,000,000
Supplemental cash flow information:    
Interest paid 4,010,000,000 3,211,000,000
Income taxes paid $ 184,000,000 $ 3,000,000