v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net income $ 527 $ 531
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 158 115
Depreciation, amortization, and accretion 191 209
Share-based compensation expense 45 21
Deferred income tax benefit (83) (25)
Net gains on sales of securities (13) 0
Net change in:    
Trading account securities (136) (424)
Loans held for sale 468 70
Other assets (780) 52
Short-term borrowings 144 503
Other liabilities 47 (543)
Other, net (44) 4
Net cash provided by operating activities 524 513
Investing activities    
Change in interest-earning deposits with banks 149 183
Proceeds from:    
Maturities and calls of available-for-sale securities 1,994 1,481
Maturities and calls of held-to-maturity securities 494 571
Maturities and calls of other securities 197 40
Sales of available-for-sale securities 4,531 0
Purchases of available-for-sale securities (7,071) (1,577)
Purchases of held-to-maturity securities 0 (515)
Purchases of other securities (225) (97)
Net proceeds from sales of loans and leases 133 49
Principal payments received under direct finance leases 428 356
Net loan and lease activity, excluding sales and purchases (2,825) (2,883)
Purchases of premises and equipment (124) (54)
Purchases of loans and leases (164) (195)
Net accrued income and other receivables activity 676 476
Net cash and cash equivalents received from business combinations 1,680 0
Other, net (8) 15
Net cash used in investing activities (135) (2,150)
Financing activities    
Increase in deposits 3,342 2,889
Decrease in short-term borrowings (1,053) (82)
Net proceeds from issuance of long-term debt 5,364 1,953
Repayment of long-term debt (1,852) (378)
Dividends paid on preferred stock (43) (27)
Dividends paid on common stock (248) (226)
Repurchases of common stock (150) 0
Other, net (58) (29)
Net cash provided by financing activities 5,302 4,100
Increase in cash and cash equivalents 5,691 2,463
Cash and cash equivalents at beginning of period [1] 13,495 12,847
Cash and cash equivalents at end of period [1] 19,186 15,310
Supplemental disclosures:    
Interest paid 1,226 1,092
Income taxes paid 30 34
Non-cash activities    
Loans transferred to held-for-sale from portfolio 140 73
Loans transferred to portfolio from held-for-sale 32 8
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