v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 949 $ 636
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses (12) 66
Depreciation and amortization 88 87
Share-based compensation 31 29
Deferred income tax expense 8 40
Net increase in trading securities (127) (99)
Net decrease (increase) in loans held for sale 649 (79)
Change in other liabilities 471 (114)
Change in other assets (23) 46
Net gains on equity securities (258) (23)
Other, net (37) (34)
Net cash provided by operating activities 1,739 555
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease (increase) in money market investments (1,221) 900
Proceeds from maturities and paydowns of investment securities held-to-maturity 762 814
Purchases of investment securities held-to-maturity 0 (27)
Proceeds from sales, maturities, and paydowns of investment securities available-for-sale 875 1,279
Purchases of investment securities available-for-sale (893) (1,082)
Net change in loans and leases (2,013) (555)
Purchases and sales of other noninterest-bearing investments 60 (36)
Purchases of premises and equipment (92) (83)
Acquisitions, net of cash acquired (238) 191
Other, net 223 (12)
Net cash provided by (used in) investing activities (2,537) 1,389
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 2,304 (2,003)
Net change in short-term borrowed funds (2,029) (75)
Proceeds from the issuance of long-term debt 996 498
Proceeds from the issuance of common stock 20 6
Dividends paid on common and preferred stock (208) (199)
Bank common stock repurchased (227) (41)
Other, net (14) (10)
Net cash provided by (used in) financing activities 842 (1,824)
Net increase in cash and due from banks 44 120
Cash and due from banks at beginning of period 683 651
Cash and due from banks at end of period 727 771
Cash paid for interest 1,022 1,202
Net cash paid for income taxes 239 173
Noncash activities:    
Loans held for investment reclassified to loans held for sale, net 589 106
Deposits acquired in purchase of California branches (at time of purchase) 0 657
Loans acquired in purchase of California branches, net (at time of purchase) $ 0 $ 423