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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES    
Net income $ 10,200 $ 526
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for credit losses 934 506
Deferred tax (benefit) expense (404) 14
Depreciation, amortization, and accretion, net 90 263
Stock based compensation expense 3 14
Realized loss on sale of investment securities available for sale, net 14 0
Fair value adjustment on marketable equity securities, net 19 3
Loss (gain) on sale of loans, net 1 (6)
Gain on sale of operating lease equipment, net (8) (11)
Gain on sale of premises and equipment, net 0 (4)
Gain on other real estate owned, net (2) (6)
Gain on acquisition (9,879) (431)
Gain on extinguishment of debt 0 (6)
Origination of loans held for sale (286) (342)
Proceeds from sale of loans held for sale 227 386
Net change in other assets (70) 358
Net change in other liabilities (274) (11)
Other operating activities (11) (22)
Net cash provided by operating activities 554 1,231
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in interest-earning deposits at banks 1,110 5,514
Purchases of investment securities available for sale (3,095) (1,284)
Proceeds from maturities of investment securities available for sale 486 676
Proceeds from sales of investment securities available for sale 1 0
Purchases of investment securities held to maturity (213) 0
Proceeds from maturities of investment securities held to maturity 307 526
Net increase in securities purchased under agreements resell (298) 0
Net decrease (increase) in loans 6,284 (2,153)
Proceeds from sales of loans 263 116
Net decrease (increase) in credit balances of factoring clients 72 (463)
Purchases of operating lease equipment (586) (339)
Proceeds from sales of operating lease equipment 76 40
Purchases of premises and equipment (128) (39)
Proceeds from sales of premises and equipment 0 12
Proceeds from sales of other real estate owned 10 22
Cash acquired, net of cash paid as consideration for acquisition 879 134
Other investing activities 1,373 (70)
Net cash provided by investing activities 6,541 2,692
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in time deposits 5,466 (1,676)
Net decrease in demand and other interest-bearing deposits (9,780) (110)
Net change in securities sold under customer repurchase agreements 9 57
Repayment of short-term borrowings (2,250) 0
Proceeds from issuance of short-term borrowings 500 0
Repayment of long-term borrowings (10,573) (3,542)
Proceeds from issuance of long-term borrowings 9,990 1,652
Cash dividends paid (52) (38)
Other financing activities (7) (21)
Net cash used in financing activities (6,697) (3,678)
Change in cash and due from banks 398 245
Cash and due from banks at beginning of period 518 338
Cash and due from banks at end of period 917 583
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest 1,367 209
Income taxes 427 (2)
Significant non-cash investing and financing activities:    
Transfers of loans to other real estate 20 2
Transfers of premises and equipment to other real estate 4 12
Dividends declared but not paid 0 1
Transfer of assets from held for investment to held for sale 261 55
Transfer of assets from held for sale to held for investment 11 21
Loans held for sale exchanged for investment securities 0 38
Commitments extended during the period on affordable housing investment credits 40 20
Purchase Money Note as consideration for SVBB Acquisition 35,808 0
Common Stock | Issued for Acquisition    
Significant non-cash investing and financing activities:    
Issuance of stock 0 5,278
Common Stock | Issued for Stock Based Compensation    
Significant non-cash investing and financing activities:    
Issuance of stock 0 81
Preferred Stock | Issued for Acquisition    
Significant non-cash investing and financing activities:    
Issuance of stock $ 0 $ 541