v3.26.3
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 636       636  
Other comprehensive income, net of tax 324         324
Bank common stock repurchased (in shares)     (773)      
Bank common stock repurchased (41)     (41)    
Net activity under employee plans and related tax benefits (in shares)     542      
Net activity under employee plans and related tax benefits 25     25    
Dividends on preferred stock (3)       (3)  
Dividends on common stock (196)       (196)  
Change in deferred compensation (4)       (4)  
Balance at end of period at Sep. 30, 2025 6,865 66   1,721 7,134 (2,056)
Balance at end of period (in shares) at Sep. 30, 2025     147,640      
Balance at beginning of period at Jun. 30, 2025 6,596 66   1,713 6,981 (2,164)
Balance at beginning of period (in shares) at Jun. 30, 2025     147,603      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for the period 222       222  
Other comprehensive income, net of tax 108         108
Bank common stock repurchased (in shares)     (2)      
Net activity under employee plans and related tax benefits (in shares)     39      
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 Sep. 30, 2025 6,865 66   1,721 7,134 (2,056)
Balance at end of period (in shares) at Sep. 30, 2025     147,640      
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 $ 949       949  
Other comprehensive income, net of tax (48)         (48)
Bank common stock repurchased (in shares)     (3,570)      
Bank common stock repurchased (227)     (227)    
Net activity under employee plans and related tax benefits (in shares)     860      
Net activity under employee plans and related tax benefits 37     37    
Dividends on preferred stock (3)       (3)  
Dividends on common stock (205)       (205)  
Change in deferred compensation 1       1  
Balance at end of period at Sep. 30, 2026 $ 7,684 66   1,536 8,071 (1,989)
Balance at end of period (in shares) at Sep. 30, 2026 144,943   144,943      
Balance at beginning of period at Jun. 30, 2026 $ 7,681 66   1,602 7,880 (1,867)
Balance at beginning of period (in shares) at Jun. 30, 2026     145,939      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income for the period 263       263  
Other comprehensive income, net of tax $ (122)         (122)
Bank common stock repurchased (in shares) (1,100)   (1,079)      
Bank common stock repurchased $ (75)     (75)    
Net activity under employee plans and related tax benefits (in shares)     83      
Net activity under employee plans and related tax benefits 9     9    
Dividends on preferred stock (1)       (1)  
Dividends on common stock (71)       (71)  
Change in deferred compensation 0       0  
Balance at end of period at Sep. 30, 2026 $ 7,684 $ 66   $ 1,536 $ 8,071 $ (1,989)
Balance at end of period (in shares) at Sep. 30, 2026 144,943   144,943