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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net income $ 517 $ 373
Adjustments to reconcile net income to net change due to operating activities:    
Provision (benefit) for credit losses 140 153
Net change in Loans held for sale (285) (332)
Depreciation, amortization, and accretion 113 123
Deferred income tax expense (benefit) 52 (16)
Share-based compensation 33 31
Net gain on sale of assets (7) (9)
Net (increase) decrease in Other assets (256) 34
Net increase (decrease) in Other liabilities (70) (570)
Net change due to operating activities 237 (213)
Investment securities:    
Purchases of debt securities available for sale (2,516) (2,365)
Proceeds from maturities and paydowns of debt securities available for sale 1,137 846
Proceeds from sales of debt securities available for sale 547 642
Proceeds from maturities and paydowns of debt securities held to maturity 158 150
Net (increase) decrease in Interest-bearing deposits in banks 131 (50)
Purchases of loans (49) (188)
Sales of loans 31 240
Net (increase) decrease in Loans and leases (1,144) (319)
Capital expenditures 0 (14)
Other (97) (50)
Net change due to investing activities (1,802) (1,108)
FINANCING ACTIVITIES    
Net increase (decrease) in Deposits 722 2,800
Net increase (decrease) in Short-term borrowed funds (4) 47
Proceeds from issuance of long-term borrowed funds 3,647 2,533
Repayments of long-term borrowed funds (2,618) (2,675)
Treasury stock purchased (300) (200)
Dividends paid to common stockholders (198) (186)
Dividends paid to preferred stockholders (38) (34)
Other (43) (24)
Net change due to financing activities 1,168 2,261
Net change in cash and cash equivalents [1] (397) 940
Cash and cash equivalents at beginning of period [1] 12,727 10,601
Cash and cash equivalents at end of period [1] 12,330 11,541
Non-cash items:    
Transfer of loans from loans held for investment to LHFS $ 72 $ 1,876
[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.