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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net income $ 1,303 $ 1,108
Adjustments to reconcile net income to net change due to operating activities:    
Provision (benefit) for credit losses 471 525
Net change in Loans held for sale (81) 62
Depreciation, amortization, and accretion 366 374
Deferred income tax expense (benefit) (93) (50)
Share-based compensation 97 76
Net gain on sale of assets (16) (14)
Net (increase) decrease in Other assets 357 (14)
Net increase (decrease) in Other liabilities (35) (549)
Net change due to operating activities 2,369 1,518
Investment securities:    
Purchases of debt securities available for sale (5,545) (6,497)
Proceeds from maturities and paydowns of debt securities available for sale 2,770 2,112
Proceeds from sales of debt securities available for sale 1,218 2,080
Proceeds from maturities and paydowns of debt securities held to maturity 537 501
Net (increase) decrease in Interest-bearing deposits in banks (59) (243)
Purchases of loans (642) (517)
Sales of loans 1,428 186
Net (increase) decrease in Loans and leases (3,475) 3,860
Capital expenditures, net (82) (74)
Other (183) (29)
Net change due to investing activities (4,033) 1,379
FINANCING ACTIVITIES    
Net increase (decrease) in Deposits 5,235 (2,154)
Net increase (decrease) in Short-term borrowed funds 214 (490)
Proceeds from issuance of long-term borrowed funds 6,534 13,185
Repayments of long-term borrowed funds (8,520) (12,741)
Treasury stock purchased (475) (825)
Net proceeds from issuance of preferred stock 393 391
Redemption of preferred stock 0 (300)
Dividends paid to common stockholders (555) (581)
Dividends paid to preferred stockholders (100) (96)
Other (13) 1
Net change due to financing activities 2,713 (3,610)
Net change in cash and cash equivalents [1] 1,049 (713)
Cash and cash equivalents at beginning of period [1] 10,601 11,628
Cash and cash equivalents at end of period [1] 11,650 10,915
Non-cash items:    
Transfer of loans from loans held for investment to LHFS 1,939 249
Loans securitized and transferred to AFS securities $ 87 $ 181
[1] Cash and cash equivalents include Cash and due from banks and Interest-bearing cash and due from banks as reflected on the Consolidated Balance Sheets.