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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net income $ 998 $ 794 $ 916
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 65 150 260
Deferred income tax expense (benefit) 49 (17) 44
Depreciation and amortization of premises and equipment 56 55 55
Amortization of intangible assets 38 44 47
Net other amortization (accretion) (30) 2 0
Net decrease in trading securities (a) [1] 530 1,011 1,163
Net (increase) decrease in derivatives 5 (2) (314)
Stock-based compensation expense 61 59 36
Securities (gains) losses, net (1) 89 4
Loans held for sale:      
Purchases and originations (3,077) (2,758) (2,295)
Gross proceeds from settlements and sales 2,187 1,792 1,183
Gain due to fair value adjustments and other (19) (75) (12)
Other operating activities, net (234) 124 212
Total adjustments (370) 474 383
Net cash provided by operating activities 628 1,268 1,299
Investing Activities      
Proceeds from sales of securities available for sale 0 1,155 0
Proceeds from payments on securities available for sale 957 831 856
Purchases of securities available for sale (874) (1,538) (261)
Proceeds from payments on securities held to maturity 57 57 53
Proceeds from sales of premises and equipment 3 8 1
Purchases of premises and equipment (33) (44) (37)
Proceeds from BOLI 24 13 14
Net increase in loans and leases (1,647) (1,337) (3,303)
Net decrease (increase) in interest-bearing deposits with banks 413 (209) 56
Other investing activities, net 6 6 16
Net cash used in investing activities (1,094) (1,058) (2,605)
Common stock:      
Stock options exercised 6 9 5
Cash dividends paid (314) (332) (335)
Repurchase of shares (918) (626) (10)
Preferred stock:      
Preferred stock redemption (80) (100) 0
Cash dividends paid - preferred stock - noncontrolling interest (16) (19) (17)
Cash dividends paid - preferred stock (26) (29) (32)
Net increase (decrease) in deposits 1,894 (201) 2,289
Net (decrease) increase in short-term borrowings (146) 851 43
Proceeds from issuance of term borrowings 513 16 0
Repayment of term borrowings (366) (6) (450)
(Decreases) increases in secured borrowings (23) 33 1
Net cash provided by (used in) financing activities 524 (404) 1,494
Net increase (decrease) in cash and cash equivalents 58 (194) 188
Cash and cash equivalents at beginning of period 1,537 1,731 1,543
Cash and cash equivalents at end of period 1,595 1,537 1,731
Supplemental Disclosures      
Total interest paid 1,584 1,869 1,428
Total taxes paid 62 106 123
Total taxes refunded 2 7 19
Transfer from loans to OREO 5 3 4
Transfer from loans HFS to trading securities 1,053 992 1,212
Transfer from loans HFS to loans 1 0 0
Preferred stock conversion to common stock $ 0 $ 0 $ 493
[1] (a) Includes transfers from loans HFS to trading securities.