XML 20 R8.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 1,053 $ 869
Adjustments to reconcile net income to net cash from operating activities:    
Provision for credit losses 250 254
Depreciation, amortization and accretion, net 41 89
Securities (gains) losses, net 26 100
Deferred income tax expense 17 48
Originations and purchases of loans held for sale (2,491) (2,813)
Proceeds from sales of loans held for sale 2,585 2,663
(Gain) loss on sale of loans, net (23) (25)
Net change in operating assets and liabilities:    
Other earning assets (66) (427)
Interest receivable and other assets 611 (249)
Other liabilities (353) 15
Other (11) 33
Net cash from operating activities 1,639 557
Investing activities:    
Proceeds from maturities of debt securities held to maturity 288 21
Proceeds from sales of debt securities available for sale 615 2,199
Proceeds from maturities of debt securities available for sale 1,558 1,480
Purchases of debt securities available for sale (3,987) (4,517)
Net (payments for) proceeds from bank-owned life insurance 3 7
Proceeds from sales of loans 190 26
Purchases of loans (187) (439)
Net change in loans (274) 1,134
Purchases of mortgage servicing rights (19) (126)
Net purchases of other assets (169) (47)
Net cash from investing activities (1,982) (262)
Financing activities:    
Net change in deposits 3,316 (1,172)
Net change in short-term borrowings (500) 513
Proceeds from long-term borrowings 0 2,746
Payments on long-term borrowings (750) 0
Cash dividends on common stock (453) (442)
Cash dividends on preferred stock (50) (49)
Payments for Repurchase of Redeemable Preferred Stock (350) 0
Repurchases of common stock (386) (189)
Taxes paid related to net share settlement of equity awards (21) (24)
Net cash from financing activities 806 1,383
Net change in cash and cash equivalents 463 1,678
Cash and cash equivalents at beginning of year 10,712 6,801
Cash and cash equivalents at end of year $ 11,175 $ 8,479
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Cash Flows [Extensible Enumeration] Income tax expense  
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Cash Flows [Extensible Enumeration]   Income tax expense