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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income $ 9,518 $ 271
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Provision for credit losses 783 464
Deferred tax benefit (69) (61)
Depreciation, amortization, and accretion, net 124 114
Stock based compensation expense 1 12
Realized loss on sale of investment securities available for sale, net 14 0
Fair value adjustment on marketable equity securities, net 9 (3)
Gain on sale of loans, net (1) (3)
Gain on sale of operating lease equipment, net (4) (6)
Loss on sale of premises and equipment, net 0 1
Gain on other real estate owned, net 0 (2)
Gain on acquisition (9,824) (431)
Gain on extinguishment of debt 0 (6)
Origination of loans held for sale (82) (235)
Proceeds from sale of loans held for sale 67 248
Net change in other assets (486) 343
Net change in other liabilities (347) (118)
Other operating activities (65) (11)
Net cash (used in) provided by operating activities (362) 577
CASH FLOWS FROM INVESTING ACTIVITIES    
Net (increase) decrease in interest-earning deposits at banks (88) 2,705
Purchases of investment securities available for sale (125) (810)
Proceeds from maturities of investment securities available for sale 227 330
Proceeds from sales of investment securities available for sale 1 0
Purchases of investment securities held to maturity (212) 0
Proceeds from maturities of investment securities held to maturity 117 283
Net decrease in loans 1,060 107
Proceeds from sales of loans 113 53
Net increase (decrease) in credit balances of factoring clients 131 (383)
Purchases of operating lease equipment (288) (226)
Proceeds from sales of operating lease equipment 33 19
Purchases of premises and equipment (44) (15)
Proceeds from sales of other real estate owned 3 11
Acquisition, net of cash acquired 1,347 134
Other investing activities 353 (13)
Net cash provided by investing activities 2,628 2,195
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in time deposits 2,124 (823)
Net (decrease) increase in demand and other interest-bearing deposits (7,570) 1,275
Net change in securities sold under customer repurchase agreements 63 27
Repayment of short-term borrowings (1,750) 0
Proceeds from issuance of short-term borrowings 500 0
Repayment of long-term borrowings (1,021) (3,031)
Proceeds from issuance of long-term borrowings 6,500 1
Cash dividends paid (26) (14)
Other financing activities (6) (22)
Net cash used in financing activities (1,186) (2,587)
Change in cash and due from banks 1,080 185
Cash and due from banks at beginning of period 518 338
Cash and due from banks at end of period 1,598 523
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest 366 146
Income taxes 0 (1)
Significant non-cash investing and financing activities:    
Transfers of loans to other real estate 0 1
Transfers of premises and equipment to other real estate 1 4
Dividends declared but not paid 0 1
Transfer of assets from held for investment to held for sale 115 25
Transfer of assets from held for sale to held for investment 1 12
Loans held for sale exchanged for investment securities 0 38
Commitments extended during the period on affordable housing investment credits 3 0
Purchase Money Note as consideration for SVBB Acquisition 35,150 0
Value Appreciation Instrument as consideration for SVBB Acquisition 500 0
Common Stock | Issued for Acquisition    
Issuance of stock 0 5,278
Common Stock | Issued for Stock Based Compensation    
Issuance of stock 0 81
Preferred Stock | Issued for Acquisition    
Issuance of stock $ 0 $ 541