v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities:      
Net income $ 2,156 $ 1,893 $ 2,074
Adjustments to reconcile net income to net cash from operating activities:      
Provision for credit losses 470 487 553
Depreciation, amortization and accretion, net 84 144 236
Securities (gains) losses, net 53 208 5
Deferred income tax expense 78 21 32
Originations and purchases of loans held for sale (5,453) (6,487) (4,496)
Proceeds from sales of loans held for sale 5,566 6,297 4,440
(Gain) loss on sale of loans, net (84) (49) (45)
Early extinguishment of debt 0 0 (4)
Net change in operating assets and liabilities:      
Other earning assets (87) (199) (109)
Interest receivable and other assets 251 (831) 194
Other liabilities (896) 3 (659)
Other 43 111 87
Net cash from operating activities 2,181 1,598 2,308
Investing activities:      
Proceeds from maturities of debt securities held to maturity 684 105 47
Proceeds from sales of debt securities available for sale 1,333 5,001 70
Proceeds from maturities of debt securities available for sale 3,289 3,225 2,930
Purchases of debt securities available for sale (7,262) (9,612) (2,610)
Net (payments for) proceeds from bank-owned life insurance 5 16 (5)
Proceeds from sales of loans 755 160 485
Purchases of loans (370) (648) (426)
Net change in loans 333 1,811 (1,755)
Purchases of mortgage servicing rights (30) (146) (157)
Net purchases of other assets (155) (174) (186)
Net cash from investing activities (1,418) (262) (1,607)
Financing activities:      
Net change in deposits 3,525 (185) (3,955)
Net change in short-term borrowings 250 500 0
Proceeds from long-term borrowings 0 3,740 2,000
Payments on long-term borrowings (1,900) (100) (2,000)
Cash dividends on common stock (912) (890) (787)
Cash dividends on preferred stock (91) (104) (98)
Proceeds from Issuance of Preferred Stock and Preference Stock 0 (489) 0
Payments for Repurchase of Redeemable Preferred Stock (350) (500) 0
Repurchases of common stock (1,067) (348) (252)
Taxes paid related to net share settlement of equity awards (23) (27) (35)
Net cash from financing activities (568) 2,575 (5,127)
Net change in cash and cash equivalents 195 3,911 (4,426)
Cash and cash equivalents at beginning of year 10,712 6,801 11,227
Cash and cash equivalents at end of year $ 10,907 $ 10,712 $ 6,801