v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,206 $ 1,058
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for credit losses 62 269
Deferred tax expense (benefit) 79 (74)
Depreciation, amortization, and accretion, net 336 193
Fair value adjustment on marketable equity securities, net (18) 3
Gain on sale of loans, net (8) (4)
Gain on sale of operating lease equipment, net (25) (13)
(Gain) loss on other real estate owned, net (2) 7
Loss on extinguishment of debt 15 0
Origination of loans held for sale (681) (678)
Proceeds from sale of loans held for sale 911 771
Impairment of premises and equipment and other assets 1 5
Net change in other assets (183) (241)
Net change in other liabilities (447) (290)
Other operating activities (31) (49)
Net cash provided by operating activities 1,215 957
CASH FLOWS FROM INVESTING ACTIVITIES    
Net increase in interest-earning deposits at banks (1,331) (4,820)
Purchases of investment securities available for sale (8,685) (2,910)
Proceeds from maturities of investment securities available for sale 2,806 2,972
Proceeds from sales of investment securities available for sale 3,427 1,196
Purchases of investment securities held to maturity (100) (218)
Proceeds from maturities of investment securities held to maturity 341 282
Net increase in securities purchased under agreements to resell (505) (142)
Net increase in loans (3,968) (1,320)
Proceeds from sales of loans 1,265 146
Net increase in credit balances of factoring clients 181 127
Purchases of operating lease equipment (382) (385)
Proceeds from sales of operating lease equipment 146 124
Purchases of premises and equipment (243) (229)
Proceeds from sales of other real estate owned 26 10
Other investing activities (267) (272)
Net cash used in investing activities (7,289) (5,439)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in time deposits 3,891 (2,010)
Net increase in demand and other interest-bearing deposits 7,955 6,885
Net (decrease) increase in securities sold under agreements to repurchase (72) 104
Repayment of long-term borrowings (5,005) (352)
Net proceeds from issuance of long-term borrowings 1,244 1,242
Issuance of Series E preferred stock 390 0
Repurchase of Class A common stock (1,505) (1,231)
Cash dividends paid (106) (82)
Other financing activities 0 1
Net cash provided by financing activities 6,792 4,557
Change in cash and due from banks 718 75
Cash and due from banks at beginning of period 801 814
Cash and due from banks at end of period 1,519 889
Cash paid during the period for:    
Interest 2,263 2,422
Income taxes 168 171
Significant non-cash investing and financing activities:    
Transfers of loans to other real estate 15 54
Transfer of assets from held for investment to held for sale 862 286
Transfer of assets from held for sale to held for investment 55 0
Retained interests in a securitization 18 0
Commitments extended during the period on affordable housing investment credits $ 32 $ 197