v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 1,104 $ 809
Adjustments to reconcile net income to net change due to operating activities:    
Provision (benefit) for credit losses 274 317
Net change in Loans held for sale (248) (297)
Depreciation, amortization, and accretion 212 247
Deferred income tax expense (benefit) (6) (115)
Share-based compensation 82 74
Net gain on sale of assets (13) (14)
Net (increase) decrease in Other assets (502) 359
Net increase (decrease) in Other liabilities 60 (707)
Net change due to operating activities 963 673
Investment securities:    
Purchases of debt securities available for sale (5,654) (4,125)
Proceeds from maturities and paydowns of debt securities available for sale 2,416 1,809
Proceeds from sales of debt securities available for sale 1,183 1,117
Proceeds from maturities and paydowns of debt securities held to maturity 349 348
Net (increase) decrease in Interest-bearing deposits in banks (146) (45)
Purchases of loans (103) (503)
Sales of loans 550 911
Net (increase) decrease in Loans and leases (5,523) (1,821)
Capital expenditures (21) (47)
Other (314) (180)
Net change due to investing activities (7,263) (2,536)
FINANCING ACTIVITIES    
Net increase (decrease) in Deposits 2,307 310
Net increase (decrease) in Short-term borrowed funds 1,101 249
Proceeds from issuance of long-term borrowed funds 10,647 6,033
Repayments of long-term borrowed funds (6,693) (5,926)
Treasury stock purchased (525) (400)
Dividends paid to common stockholders (396) (371)
Dividends paid to preferred stockholders (71) (67)
Other (37) (18)
Net change due to financing activities 6,333 (190)
Net change in cash and cash equivalents [1] 33 (2,053)
Cash and cash equivalents at beginning of period [1] 12,727 10,601
Cash and cash equivalents at end of period [1] 12,760 8,548
Non-cash items:    
Transfer of loans from loans held for investment to LHFS $ 389 $ 1,918
[1] Cash and cash equivalents include Cash and due from banks and Interest-bearing cash and due from banks as reflected on the Consolidated Balance Sheets.