XML 21 R8.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net Income $ 515 $ 520
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 174 94
Depreciation, amortization and accretion 135 128
Stock-based compensation expense 73 64
Provision for (benefit from) deferred income taxes 5 (35)
Securities losses (gains), net 5 (12)
MSR fair value adjustment 50 (8)
Net gains on sales of loans and fair value adjustments on loans held for sale (13) (3)
Proceeds from sales of loans held for sale 1,049 742
Loans originated or purchased for sale, net of repayments (912) (714)
Dividends representing return on equity method investments 10 9
Net change in:    
Equity and trading debt securities (74) (14)
Other assets 755 (265)
Accrued taxes, interest and expenses and other liabilities (539) (120)
Net Cash Provided by Operating Activities 1,233 386
Proceeds from sales:    
AFS securities and other investments 956 64
Loans and leases 79 121
Bank premises and equipment 0 15
Proceeds from repayments / maturities of AFS and HTM securities and other investments 1,635 1,238
Purchases:    
AFS securities, equity method investments and other investments (2,184) (1,398)
Bank premises and equipment (117) (65)
Proceeds from settlement of BOLI 12 11
Proceeds from sales and dividends representing return of equity method investments 4 2
Net cash received for divestitures 0 6
Net change in:    
Other short-term investments 2,155 (758)
Portfolio loans and leases (2,594) 526
Operating lease equipment (13) 9
Net Cash Used in Investing Activities (67) (229)
Financing Activities    
Net change in deposits (1,747) 675
Net change in federal funds purchased and other short-term borrowings 23 56
Proceeds from short-term FHLB advances 1,000 0
Proceeds from long-term debt issuances/advances 998 1,495
Repayment of long-term debt (867) (2,400)
Dividends paid on common and preferred stock (297) (287)
Repurchases of treasury stock and related forward contract (225) 0
Other (56) (42)
Net Cash Used in Financing Activities (1,171) (503)
Decrease in Cash and Due from Banks (5) (346)
Cash and Due from Banks at Beginning of Period 3,014 3,142
Cash and Due from Banks at End of Period $ 3,009 $ 2,796