v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income $ 1,258 $ 1,073
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 290 218
Depreciation, amortization, and accretion 383 397
Share-based compensation expense 95 53
Deferred income tax benefit (203) (173)
Net gains on sales of securities (15) 58
Net change in:    
Trading account assets (263) (428)
Loans held for sale 289 (226)
Other assets (1,132) (210)
Short-term borrowings 191 403
Other liabilities 847 (81)
Other, net (93) (17)
Net cash provided by operating activities 1,647 1,067
Investing activities    
Change in interest-earning deposits with banks 50 185
Proceeds from:    
Maturities and calls of available-for-sale securities 9,137 2,694
Maturities and calls of held-to-maturity securities 882 925
Maturities and calls of other securities 419 65
Sales of available-for-sale securities 4,538 850
Sales of other securities 17 0
Purchases of available-for-sale securities (13,917) (3,907)
Purchases of held-to-maturity securities 0 (515)
Purchases of other securities (553) (120)
Net proceeds from sales of loans and leases 335 161
Principal payments received under direct finance leases 972 740
Net loan and lease activity, excluding sales and purchases (4,848) (5,861)
Purchases of premises and equipment (220) (108)
Purchases of loans and leases (302) (317)
Net accrued income and other receivables activity (4) 532
Net cash and cash equivalents received from business combinations 1,680 0
Other, net 24 31
Net cash used in investing activities (1,790) (4,645)
Financing activities    
Increase in deposits 2,326 932
Net change in short-term borrowings 182 (138)
Net proceeds from issuance of long-term debt 6,914 2,001
Repayment of long-term debt (6,151) (1,136)
Dividends paid on preferred stock (84) (54)
Dividends paid on common stock (564) (453)
Repurchases of common stock (309) 0
Other, net (67) (62)
Net cash provided by financing activities 2,247 1,090
Increase (decrease) in cash and cash equivalents 2,104 (2,488)
Cash and cash equivalents at beginning of period [1] 13,495 12,847
Cash and cash equivalents at end of period [1] 15,599 10,359
Supplemental disclosures:    
Interest paid 2,496 2,122
Income taxes paid 95 159
Non-cash activities    
Loans transferred to held-for-sale from portfolio 983 168
Loans transferred to portfolio from held-for-sale 36 11
Veritex Holdings, Inc.    
Business combination:    
Fair value of tangible assets acquired 50,341 0
Goodwill and other intangible assets 4,502 0
Fair value of liabilities assumed 46,508 0
Common stock and equity-based awards issued 8,185 0
Preferred stock issued $ 150 $ 0
[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