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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income $ 478 $ 299
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization, and accretion, net 159 77
Provision for credit losses 139 41
Investment securities (gains) losses, net 26 13
Deferred income tax expense (benefit) 162 (7)
Originations of loans held for sale (6,408) (1,592)
Proceeds from sales and payments on loans held for sale 5,946 1,581
Gain on sales of loans held for sale, net (9) (5)
Income from equity method investment (55) (46)
Dividends received from equity method investment 70 102
Share-based compensation expense 110 21
Decrease (increase) in other assets 367 (61)
Increase (decrease) in other liabilities 29 (176)
Other 2 (8)
Net cash provided by (used in) operating activities 1,016 239
Investing Activities    
Acquisition, net of cash acquired [1] 2,538 0
Proceeds from maturities and principal collections of investment securities held to maturity 129 97
Proceeds from maturities and principal collections of investment securities available for sale 1,234 302
Proceeds from sales of investment securities available for sale 6,061 188
Purchases of investment securities available for sale (9,199) (1,313)
Net proceeds from sales of loans 26 9
Net (increase) decrease in loans (5,024) (1,672)
Net (purchases) redemptions of Federal Home Loan Bank stock (264) 10
Net (purchases) redemptions of Federal Reserve Bank stock (340) 0
Net proceeds from settlement (purchases) of bank-owned life insurance policies 4 (149)
Increase in other investments, net (110) (69)
Net increase in premises, equipment and software (38) (31)
Other 47 (61)
Net cash provided by (used in) investing activities (4,936) (2,689)
Financing Activities    
Net increase (decrease) in deposits 2,193 2,156
Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements 485 28
Repayments and redemption of FHLB and other borrowings (7,863) (116)
Proceeds from FHLB and other borrowings 13,444 0
Dividends paid to common shareholders (150) (38)
Dividends paid to preferred shareholders (30) (8)
Issuances, net of taxes paid, under equity compensation plans (73) (19)
Net cash provided by (used in) financing activities 8,006 2,003
Increase (decrease) in cash and cash equivalents including restricted cash 4,086 (447)
Cash, cash equivalents, and restricted cash, at beginning of period 3,565 3,436
Cash, cash equivalents, and restricted cash at end of period 7,651 2,989
Supplemental Disclosures:    
Income taxes paid, net of refunds 10 47
Interest paid $ 1,182 $ 625
[1] Cash acquired as part of the Merger with Synovus. Refer to Note 2 - Business Combination in this Report, for more detailed information regarding the Merger.