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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net Income $ 966 $ 1,142
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 356 347
Depreciation, amortization and accretion 404 273
Stock-based compensation expense 188 108
Benefit from deferred income taxes (1) (13)
Securities gains, net (13) (13)
Residential MSR fair value adjustment 74 100
Net gains on sales of loans and fair value adjustments on loans held for sale (32) (35)
Proceeds from sales of loans held for sale 3,190 2,239
Loans originated or purchased for sale, net of repayments (3,421) (2,256)
Dividends representing return on equity method investments 25 22
Net change in:    
Equity and trading debt securities (319) (91)
Other assets 252 839
Accrued taxes, interest and expenses and other liabilities 21 (123)
Net Cash Provided by Operating Activities 1,690 2,539
Proceeds from sales:    
AFS securities and other investments 5,768 2,361
Loans and leases 420 173
Proceeds from repayments and maturities of AFS securities 3,732 2,063
Proceeds from repayments and maturities of HTM securities 1,012 269
Purchases:    
AFS securities (10,760) (2,263)
HTM securities (4,267) (529)
Bank premises and equipment (320) (260)
Proceeds from settlement of BOLI 47 26
Proceeds from sales and dividends representing return of equity method investments 8 11
Net cash received from acquisitions 677 0
Net change in:    
Other short-term investments 10,777 4,077
Portfolio loans and leases (5,991) (3,069)
Other, net (535) (484)
Net Cash Provided by Investing Activities 568 2,375
Financing Activities    
Net change in deposits (2,886) (3,045)
Net change in short-term borrowings 512 8
Proceeds from short-term FHLB advances 3,500 2,500
Repayment of short-term FHLB advances (300) (3,600)
Proceeds from long-term debt issuances/advances 2,274 1,028
Repayment of long-term debt (3,685) (980)
Dividends paid on common and preferred stock (710) (581)
Repurchases of treasury stock and related forward contract 0 (225)
Other, net (88) (61)
Net Cash Used in Financing Activities (1,383) (4,956)
Increase (Decrease) in Cash and Due from Banks 875 (42)
Cash and Due from Banks at Beginning of Period 3,499 3,014
Cash and Due from Banks at End of Period $ 4,374 $ 2,972