v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Preferred Stock
Preferred Stock
Preferred Stock
Common Stock
Common Stock
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Common Stock
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Beginning balance at Dec. 31, 2024 $ 6,432     $ 217   $ 77   $ 3,130   $ (168) $ 3,176
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 473                   473
Other comprehensive (loss) income, net of income taxes 8                 8  
Cash dividends declared and paid on common stock (57)                   (57)
Cash dividends declared and paid on preferred stock (12)                   (12)
Restricted shares withheld for taxes and related tax benefit (7)         1   (8)      
Issuance of common stock pursuant to RSU and PSU agreements, net of shares withheld for taxes and related tax benefits (13)             (13)      
Compensation expense for restricted share awards, RSUs and PSUs 32             32      
Ending balance at Sep. 30, 2025 6,856     217   78   3,141   (160) 3,580
Beginning balance at Jun. 30, 2025 6,637     217   78   3,131   (218) 3,429
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 173                   173
Other comprehensive (loss) income, net of income taxes 58                 58  
Cash dividends declared and paid on common stock (18)                   (18)
Cash dividends declared and paid on preferred stock (4)                   (4)
Restricted shares withheld for taxes and related tax benefit (1)             (1)      
Compensation expense for restricted share awards, RSUs and PSUs 11             11      
Ending balance at Sep. 30, 2025 6,856     217   78   3,141   (160) 3,580
Beginning balance at Dec. 31, 2025 7,044     217   78   3,144   (123) 3,728
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 857                   857
Other comprehensive (loss) income, net of income taxes (648)                 (648)  
Cash dividends declared and paid on common stock (226)                   (226)
Cash dividends declared and paid on preferred stock [1] (45)                   (45)
Issuance of common stock pursuant to RSU and PSU agreements, net of shares withheld for taxes and related tax benefits (73)             (70)     (3)
Compensation expense for restricted share awards, RSUs and PSUs 126             126      
Issuance of stock related to merger   $ 564 $ 7,011   $ 564   $ 73   $ 6,938    
Ending balance at Sep. 30, 2026 14,610     781   151   10,138   (771) 4,311
Beginning balance at Jun. 30, 2026 14,828     781   151   10,120   (247) 4,023
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 379                   379
Other comprehensive (loss) income, net of income taxes (524)                 (524)  
Cash dividends declared and paid on common stock (76)                   (76)
Cash dividends declared and paid on preferred stock [2] (15)                   (15)
Compensation expense for restricted share awards, RSUs and PSUs 18             18      
Ending balance at Sep. 30, 2026 $ 14,610     $ 781   $ 151   $ 10,138   $ (771) $ 4,311
[1] For the nine months ended September 30, 2026, dividends per share were $1.39 for Series A, $1.57 for Series B, and $50.64 for Series C Preferred Stock.
[2] For the three months ended September 30, 2026, dividends per share were $0.47 for Series A, $0.52 for Series B, and $16.88 for Series C Preferred Stock.