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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (930) $ 2,626
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 947 281
Amortization of intangibles 105 90
Depreciation 34 29
Amortization of discounts and premiums, net 141 (221)
Net loss on securities 0 1
Net gain on sales of loans (43) (73)
Loss (gain) on business acquisition 121 (2,142)
Stock-based compensation 38 33
Deferred tax expense (229) (32)
Changes in operating assets and liabilities:    
Increase in other miscellaneous assets (423) (135)
Increase (decrease) in other miscellaneous liabilities 125 (358)
Purchases of securities held for trading 0 (10)
Proceeds from sales of securities held for trading 0 10
Change in loans held for sale, net (423) (615)
Net cash used in operating activities (537) (516)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from repayment of securities available for sale 1,525 1,254
Proceeds from sales of securities available for sale 269 1,341
Purchase of securities available for sale (2,607) (2,346)
Redemption of Federal Home Loan Bank stock 217 1,069
Purchases of Federal Home Loan Bank and Federal Reserve Bank stock (189) (912)
Proceeds from bank-owned life insurance, net 18 27
Net proceeds from sales of mortgage servicing rights 66 50
Net change in loans held for investment, including loan sales 11,733 (3,077)
Purchases of premises and equipment, net (33) (42)
Cash acquired in business acquisition 0 25,043
Net cash provided by investing activities 10,999 22,407
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 1,476 (9,641)
Net decrease in short-term borrowed funds (940) (705)
Proceeds from long-term borrowed funds 12,250 3,675
Repayments of long-term borrowed funds (12,250) (9,725)
Net disbursement of payments of loans serviced for others (375) (48)
Cash dividends paid on common stock (48) (364)
Cash dividends paid on preferred stock (27) (25)
Proceeds from common stock and warrants issued 1,003 0
Proceeds from preferred stock issued 1 0
Payments relating to treasury shares received for restricted stock award tax payments (10) (11)
Net cash provided by (used in) financing activities 1,080 (16,844)
Net increase in cash, cash equivalents, and restricted cash 11,542 5,047
Cash, cash equivalents, and restricted cash at beginning of period [1] 11,609 2,082
Cash, cash equivalents, and restricted cash at end of period [1] 23,151 7,129
Supplemental information:    
Cash paid for interest 2,722 1,656
Cash paid for income taxes 31 32
Non-cash investing and financing activities:    
Transfers to repossessed assets from loans 8 4
Securitization of loans to mortgage-backed securities available for sale 262 109
Transfer of loans from held for investment to held for sale 7,486 0
Business Combination:    
Fair value of tangible assets acquired 0 37,526
Intangible assets 0 464
Liabilities assumed 0 35,763
Issuance of FDIC Equity appreciation instrument 0 85
Restricted stock units    
Non-cash investing and financing activities:    
Shares issued for restricted stock awards $ 9 $ 31
[1] Includes restricted cash of $71 million and $200 million at September 30, 2024 and September 30, 2023, respectively.