v3.26.1
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, 2024 $ 6,124 $ 66   $ 1,737 $ 6,701 $ (2,380)
Balance at beginning of period (in shares) at Dec. 31, 2024     147,871      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for the period 170       170  
Other comprehensive income, net of tax 130         130
Bank common stock repurchased (in shares)     (772)      
Bank common stock repurchased (41)     (41)    
Net activity under employee plans and related tax benefits 10     10    
Dividends on preferred stock (1)       (1)  
Dividends on common stock (65)       (65)  
Balance at end of period at Mar. 31, 2025 6,327 66   1,706 6,805 (2,250)
Balance at end of period (in shares) at Mar. 31, 2025     147,099      
Balance at beginning of period at Dec. 31, 2025 $ 7,180 66   1,726 7,329 (1,941)
Balance at beginning of period (in shares) at Dec. 31, 2025 147,653   147,653      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for the period $ 233       233  
Other comprehensive income, net of tax $ 6         6
Bank common stock repurchased (in shares) (1,300)   (1,272)      
Bank common stock repurchased $ (77)     (77)    
Net activity under employee plans and related tax benefits (in shares)     696      
Net activity under employee plans and related tax benefits 20     20    
Dividends on preferred stock (1)       (1)  
Dividends on common stock (67)       (67)  
Change in deferred compensation 2       2  
Balance at end of period at Mar. 31, 2026 $ 7,296 $ 66   $ 1,669 $ 7,496 $ (1,935)
Balance at end of period (in shares) at Mar. 31, 2026 147,077   147,077