v3.25.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income $ 1,706 $ 1,426
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 340 313
Depreciation, amortization, and accretion 572 492
Share-based compensation expense 84 81
Deferred income tax benefit (267) (55)
Net gains (losses) on sales of securities 58 0
Gain from early extinguishment of debt (11) (8)
Net change in:    
Trading account securities (28) (347)
Loans held for sale (182) (199)
Other assets (427) (636)
Short-term borrowings 48 390
Other liabilities (264) (751)
Other, net (75) 15
Net cash provided by operating activities 1,554 721
Investing activities    
Change in interest-earning deposits with banks 285 (44)
Proceeds from:    
Maturities and calls of available-for-sale securities 5,339 8,166
Maturities and calls of held-to-maturity securities 1,298 1,054
Maturities and calls of other securities 107 54
Sales of available-for-sale securities 860 10
Purchases of available-for-sale securities (4,069) (10,678)
Purchases of held-to-maturity securities (515) (995)
Purchases of other securities (159) (155)
Net proceeds from sales of loans and leases 376 268
Principal payments received under direct finance leases 1,362 1,344
Net loan and lease activity, excluding sales and purchases (9,542) (6,043)
Purchases of premises and equipment (149) (116)
Purchases of loans and leases (627) (347)
Net accrued income and other receivables activity 472 87
Other, net 51 60
Net cash used in investing activities (4,911) (7,335)
Financing activities    
Increase in deposits 2,764 7,121
Decrease in short-term borrowings (126) (342)
Net proceeds from issuance of long-term debt 2,462 5,374
Repayment of long-term debt (1,759) (2,253)
Dividends paid on preferred stock (81) (107)
Dividends paid on common stock (680) (677)
Net proceeds from issuance of preferred stock 741 0
Other, net (73) (46)
Net cash provided by financing activities 3,248 9,070
(Decrease) increase in cash and cash equivalents (109) 2,456
Cash and cash equivalents at beginning of period [1] 12,847 10,129
Cash and cash equivalents at end of period [1] 12,738 12,585
Supplemental disclosures:    
Interest paid 3,260 3,454
Income taxes paid 220 104
Non-cash activities    
Loans transferred to held-for-sale from portfolio 383 268
Loans transferred to portfolio from held-for-sale $ 20 $ 27
[1] Includes cash and due from banks and interest-earning deposits at the FRB, included within interest-earning deposits with banks on our Unaudited Consolidated Balance Sheets.

Source

10-Q XBRL Zip