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Parent Company Only Financial Statements (Tables) - Parent Company | 12 Months Ended
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Dec. 31, 2024
Schedule of Condensed Balance Sheet | Balance Sheets
| December 31
| 2024 |  | 2023
| (In millions)
Assets |  |  |
Interest-bearing deposits in other banks | $ | 2,420 |  |  | $ | 1,869 |
Debt securities available for sale | 20 |  |  | 20 |
Premises and equipment, net | 45 |  |  | 47 |
Investments in subsidiaries: |  |  |
Banks | 18,407 |  |  | 16,882 |
Non-banks | 515 |  |  | 425 |
| 18,922 |  |  | 17,307 |
Other assets | 274 |  |  | 291 |
Total assets | $ | 21,681 |  |  | $ | 19,534 |
Liabilities and Shareholders’ Equity |  |  |
Long-term borrowings | $ | 3,495 |  |  | $ | 1,832 |
Other liabilities | 307 |  |  | 273 |
Total liabilities | 3,802 |  |  | 2,105 |
Shareholders’ equity: |  |  |
Preferred stock | 1,715 |  |  | 1,659 |
Common stock | 9 |  |  | 10 |
Additional paid-in capital | 11,394 |  |  | 11,757 |
Retained earnings | 9,060 |  |  | 8,186 |
Treasury stock, at cost | (1,371) |  |  | (1,371) |
Accumulated other comprehensive income (loss), net | (2,928) |  |  | (2,812) |
Total shareholders’ equity | 17,879 |  |  | 17,429 |
Total liabilities and shareholders’ equity | $ | 21,681 |  |  | $ | 19,534 |
Schedule of Condensed Income Statement | Statements of Income
| Year Ended December 31
| 2024 |  | 2023 |  | 2022
| (In millions)
Income: |  |  |  |  |
Dividends received from subsidiaries | $ | 2,095 |  |  | $ | 1,609 |  |  | $ | 1,351 |
Interest from subsidiaries | 43 |  |  | 1 |  |  | 4 |
Other | 10 |  |  | 7 |  |  | (3) |
| 2,148 |  |  | 1,617 |  |  | 1,352 |
Expenses: |  |  |  |  |
Salaries and employee benefits | 76 |  |  | 65 |  |  | 64 |
Interest expense | 177 |  |  | 134 |  |  | 86 |
Equipment and software expense | 6 |  |  | (2) |  |  | 4 |
Other | 80 |  |  | 70 |  |  | 62 |
| 339 |  |  | 267 |  |  | 216 |
Income before income taxes and equity in undistributed earnings of subsidiaries | 1,809 |  |  | 1,350 |  |  | 1,136 |
Income tax benefit | (41) |  |  | (43) |  |  | (36) |
Income before equity in undistributed earnings of subsidiaries and preferred stock dividends | 1,850 |  |  | 1,393 |  |  | 1,172 |
Equity in undistributed earnings of subsidiaries: |  |  |  |  |
Banks | (42) |  |  | 644 |  |  | 1,066 |
Non-banks | 85 |  |  | 37 |  |  | 7 |
| 43 |  |  | 681 |  |  | 1,073 |
Net income | 1,893 |  |  | 2,074 |  |  | 2,245 |
Preferred stock dividends and other | (119) |  |  | (98) |  |  | (99) |
Net income available to common shareholders | $ | 1,774 |  |  | $ | 1,976 |  |  | $ | 2,146 |
Schedule of Condensed Cash Flow Statement | Statements of Cash Flows
| Year Ended December 31
| 2024 |  | 2023 |  | 2022
| (In millions)
Operating activities: |  |  |  |  |
Net income | $ | 1,893 |  |  | $ | 2,074 |  |  | $ | 2,245 |
Adjustments to reconcile net cash from operating activities: |  |  |  |  |
Equity in undistributed earnings of subsidiaries | (43) |  |  | (681) |  |  | (1,073) |
Provision for (benefit from) deferred income taxes | (6) |  |  | (4) |  |  | (3) |
Depreciation, amortization and accretion, net | 3 |  |  | 2 |  |  | 2 |
Loss on sale of assets | — |  |  | (6) |  |  | — |
Net change in operating assets and liabilities: |  |  |  |  |
Other assets | 28 |  |  | (11) |  |  | 12 |
Other liabilities | 28 |  |  | (9) |  |  | (27) |
Other | 37 |  |  | 74 |  |  | (89) |
Net cash from operating activities | 1,940 |  |  | 1,439 |  |  | 1,067 |
Investing activities: |  |  |  |  |
(Investment in) / repayment of investment in subsidiaries | (1,675) |  |  | (8) |  |  | (23) |
Proceeds from sales and maturities of debt securities available for sale | 21 |  |  | 13 |  |  | 8 |
Purchases of debt securities available for sale | (20) |  |  | (11) |  |  | (9) |
Other, net | (2) |  |  | (21) |  |  | — |
Net cash from investing activities | (1,676) |  |  | (27) |  |  | (24) |
Financing activities: |  |  |  |  |
Proceeds from long-term borrowings | 1,740 |  |  | — |  |  | — |
Payments on long-term borrowings | (100) |  |  | — |  |  | — |
Cash dividends on common stock | (890) |  |  | (787) |  |  | (663) |
Cash dividends on preferred stock | (104) |  |  | (98) |  |  | (99) |
Net proceeds from issuance of preferred stock | 489 |  | — |  |  | — |
Payment for redemption of preferred stock | (500) |  | — |  |  | — |
Repurchases of common stock | (348) |  |  | (252) |  |  | (230) |
Net cash from financing activities | 287 |  |  | (1,137) |  |  | (992) |
Net change in cash and cash equivalents | 551 |  | 275 |  |  | 51 |
Cash and cash equivalents at beginning of year | 1,869 |  |  | 1,594 |  |  | 1,543 |
Cash and cash equivalents at end of year | $ | 2,420 |  |  | $ | 1,869 |  |  | $ | 1,594 |

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