v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,812 $ 1,626
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for credit losses 117 460
Deferred tax expense (benefit) 40 (104)
Depreciation, amortization, and accretion, net 519 284
Realized gain on sale of investment securities, net (28) 0
Fair value adjustment on marketable equity securities, net 5 (10)
Gain on sale of loans, net (8) (12)
Gain on sale of operating lease equipment, net (32) (16)
Gain on other real estate owned, net (1) (1)
Loss on extinguishment of debt 34 0
Origination of loans held for sale (1,038) (1,011)
Proceeds from sale of loans held for sale 1,266 1,137
Impairment of premises and equipment and other assets 9 5
Net change in other assets (660) (86)
Net change in other liabilities 120 (345)
Other operating activities (38) (54)
Net cash provided by operating activities 2,117 1,873
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease (increase) in interest-earning deposits at banks 5,437 (3,434)
Proceeds from sales of investments in marketable equity securities 38 0
Purchases of investment securities available for sale (13,416) (7,476)
Proceeds from maturities of investment securities available for sale 3,866 5,802
Proceeds from sales of investment securities available for sale 4,829 1,196
Purchases of investment securities held to maturity (194) (389)
Proceeds from maturities of investment securities held to maturity 702 598
Net decrease in securities purchased under agreements to resell 35 75
Net increase in loans (9,630) (4,987)
Proceeds from sales of loans 1,357 220
Net increase in credit balances of factoring clients 411 392
Purchases of operating lease equipment (536) (522)
Proceeds from sales of operating lease equipment 215 195
Purchases of premises and equipment (456) (467)
Proceeds from sales of other real estate owned 45 20
Cash acquired in a business combination 23 0
Other investing activities (431) (463)
Net cash used in investing activities (7,705) (9,240)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in time deposits 6,165 (2,178)
Net increase in demand and other interest-bearing deposits 12,656 10,312
Net (decrease) increase in securities sold under agreements to repurchase (108) 56
Repayment of long-term borrowings (13,008) (355)
Net proceeds from issuance of long-term borrowings 1,641 1,839
Repurchase of Class A common stock (2,105) (2,127)
Cash dividends paid (159) (121)
Other financing activities 0 1
Net cash provided by financing activities 5,768 7,427
Change in cash and due from banks 180 60
Cash and due from banks at beginning of period 801 814
Cash and due from banks at end of period 981 874
Cash paid during the period for:    
Interest 3,483 3,663
Income taxes 218 289
Significant non-cash investing and financing activities:    
Transfers of loans to other real estate 21 55
Transfer of assets from held for investment to held for sale 996 401
Transfer of assets from held for sale to held for investment 67 28
Retained interests in a securitization 18 0
Commitments extended during the period on affordable housing investment credits 52 454
Series E    
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of Series E preferred stock 390 0
Series F    
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of Series E preferred stock $ 296 $ 0