XML 26 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 2,588 $ 2,741 $ 1,992
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 610 645 517
Depreciation and amortization of premises and equipment 316 304 282
Amortization of capitalized servicing rights 139 131 97
Amortization of core deposit and other intangible assets 53 62 56
Provision for deferred income taxes (27) (97) (30)
Asset write-downs 40 4 8
Net gain on sales of assets (30) (249) (153)
Net change in accrued interest receivable, payable (176) 261 (123)
Net change in other accrued income and expense 282 561 (70)
Net change in loans originated for sale (128) (192) 771
Net change in trading account and other non-hedging derivative assets and liabilities (57) (266) 1,227
Net cash provided by operating activities 3,610 3,905 4,574
Cash flows from investing activities      
Available for sale 167 0 0
Equity and other securities 610 1,014 242
Available for sale 6,072 743 795
Held to maturity 1,158 1,170 1,516
Available for sale (14,476) (346) (7,222)
Held to maturity 0 (2,948) (1,890)
Equity and other securities (467) (1,205) (456)
Net increase in loans and leases (2,030) (2,770) (3,639)
Net (increase) decrease in interest-bearing deposits at banks 9,196 (3,110) 26,107
Capital expenditures, net (216) (256) (214)
Net (increase) decrease in loan servicing advances (26) 274 1,579
Bank and bank holding company 0 0 394
Other, net (538) (440) (620)
Net cash provided (used) by investing activities (550) (7,874) 16,592
Cash flows from financing activities      
Net decrease in deposits (2,182) (248) (20,994)
Net increase (decrease) in short-term borrowings (4,256) 1,761 2,613
Proceeds from long-term borrowings 5,497 5,035 999
Payments on long-term borrowings (1,009) (824) (907)
Purchases of treasury stock (396) (594) (1,800)
Dividends paid — common (895) (868) (784)
Dividends paid — preferred (138) (100) (97)
Proceeds from issuance of Series J preferred stock 733 0 0
Redemption of Series E preferred stock 350 0 0
Other, net 114 18 (14)
Net cash provided (used) by financing activities (2,882) 4,180 (20,984)
Net increase in cash and cash equivalents 178 211 182
Cash, cash equivalents and restricted cash at beginning of period 1,731 1,520 1,338
Cash, cash equivalents and restricted cash at end of period 1,909 1,731 1,520
Supplemental disclosure of cash flow information      
Interest received during the period 11,077 10,092 6,135
Interest paid during the period 4,319 2,691 429
Income taxes paid during the period 236 452 488
Supplemental schedule of noncash investing and financing activities      
Real estate acquired in settlement of loans 33 23 31
Additions to right-of-use assets under operating leases 101 134 138
Common stock issued 0 0 8,286
Common stock awards converted 0 0 105
Assets acquired (noncash) 0 0 63,757
Liabilities assumed 0 0 55,499
Preferred stock converted $ 0 $ 0 $ 261