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 414       414  
Other comprehensive income, net of tax 216         216
Bank common stock repurchased (in shares)     (772)      
Bank common stock repurchased (41)     (41)    
Net activity under employee plans and related tax benefits (in shares)     504      
Net activity under employee plans and related tax benefits 17     17    
Dividends on preferred stock (2)       (2)  
Dividends on common stock (129)       (129)  
Change in deferred compensation (3)       (3)  
Balance at end of period at Jun. 30, 2025 6,596 66   1,713 6,981 (2,164)
Balance at end of period (in shares) at Jun. 30, 2025     147,603      
Balance at beginning of period at Mar. 31, 2025 6,327 66   1,706 6,805 (2,250)
Balance at beginning of period (in shares) at Mar. 31, 2025     147,567      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for the period 244       244  
Other comprehensive income, net of tax 86         86
Bank common stock repurchased 0          
Net activity under employee plans and related tax benefits (in shares)     36      
Net activity under employee plans and related tax benefits 7     7    
Dividends on preferred stock (1)       (1)  
Dividends on common stock (64)       (64)  
Change in deferred compensation (3)       (3)  
Balance at end of period at Jun. 30, 2025 6,596 66   1,713 6,981 (2,164)
Balance at end of period (in shares) at Jun. 30, 2025     147,603      
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]            
Bank common stock repurchased (in shares) (1,300)          
Bank common stock repurchased $ (77)          
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      
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 $ 686       686  
Other comprehensive income, net of tax 74         74
Bank common stock repurchased (in shares)     (2,491)      
Bank common stock repurchased (152)     (152)    
Net activity under employee plans and related tax benefits (in shares)     777      
Net activity under employee plans and related tax benefits 28     28    
Dividends on preferred stock (2)       (2)  
Dividends on common stock (134)       (134)  
Change in deferred compensation 1       1  
Balance at end of period at Jun. 30, 2026 $ 7,681 66   1,602 7,880 (1,867)
Balance at end of period (in shares) at Jun. 30, 2026 145,939   145,939      
Balance at beginning of period at Mar. 31, 2026 $ 7,296 66   1,669 7,496 (1,935)
Balance at beginning of period (in shares) at Mar. 31, 2026     147,077      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for the period 453       453  
Other comprehensive income, net of tax $ 68         68
Bank common stock repurchased (in shares) (1,200)   (1,219)      
Bank common stock repurchased $ (75)     (75)    
Net activity under employee plans and related tax benefits (in shares)     81      
Net activity under employee plans and related tax benefits 8     8    
Dividends on preferred stock (1)       (1)  
Dividends on common stock (67)       (67)  
Change in deferred compensation (1)       (1)  
Balance at end of period at Jun. 30, 2026 $ 7,681 $ 66   $ 1,602 $ 7,880 $ (1,867)
Balance at end of period (in shares) at Jun. 30, 2026 145,939   145,939