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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 $ 1,831 $ 1,509 $ 1,608
Adjustments to reconcile net income to net change due to operating activities:      
Provision (benefit) for credit losses 608 687 687
Net change in Loans held for sale (414) (24) 98
Depreciation, amortization, and accretion 478 498 478
Deferred income tax expense (benefit) (82) (177) (242)
Share-based compensation 120 97 87
Net gain on sale of assets (24) (18) (28)
Net (increase) decrease in Other assets 89 (261) 612
Net increase (decrease) in Other liabilities (395) (310) (339)
Net change due to operating activities 2,211 2,001 2,961
Investment securities:      
Purchases of debt securities available for sale (9,463) (9,755) (10,087)
Proceeds from maturities and paydowns of debt securities available for sale 4,018 3,304 2,001
Proceeds from sales of debt securities available for sale 3,797 3,619 2,941
Proceeds from maturities and paydowns of debt securities held to maturity 750 662 761
Net (increase) decrease in Interest-bearing deposits in banks (326) (230) (102)
Purchases of loans (680) (655) 0
Sales of loans 1,891 207 2,793
Net (increase) decrease in Loans and leases (5,433) 6,050 7,174
Capital expenditures, net (174) (122) (172)
Other (347) (93) (61)
Net change due to investing activities (5,967) 2,987 5,248
FINANCING ACTIVITIES      
Net increase (decrease) in Deposits 8,537 (2,566) (3,382)
Net increase (decrease) in Short-term borrowed funds 58 (505) 502
Proceeds from issuance of long-term borrowed funds 8,534 13,185 25,983
Repayments of long-term borrowed funds (9,744) (14,286) (28,418)
Treasury stock purchased (600) (1,050) (906)
Net proceeds from issuance of preferred stock 393 392 0
Redemption of preferred stock (400) (300) 0
Dividends paid to common stockholders (755) (769) (808)
Dividends paid to preferred stockholders (133) (134) (120)
Other (8) 18 21
Net change due to financing activities 5,882 (6,015) (7,128)
Net change in cash and cash equivalents [1] 2,126 (1,027) 1,081
Cash and cash equivalents at beginning of period [1] 10,601 11,628 10,547
Cash and cash equivalents at end of period [1] 12,727 10,601 11,628
Supplemental disclosures:      
Interest paid [2] 4,040 4,375 3,640
Non-cash items:      
Transfer of loans from loans held for investment to LHFS 1,944 299 2,617
Loans securitized and transferred to AFS securities $ 112 $ 329 $ 103
[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
[2] See Note 21 for information regarding income taxes paid.