v3.25.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income $ 3,142 $ 2,821
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision For Credit Losses 473 390
Depreciation, amortization and accretion 172 74
Deferred income taxes (benefit) (58) (21)
Net losses on sales of securities 2 499
Changes in fair value of mortgage servicing rights 328 23
Gain on Visa shares exchange program 0 (754)
Net change in    
Trading securities and other short-term investments (1,646) 416
Loans held for sale and related securitization activity (955) (238)
Other assets 1,782 (142)
Accrued expenses and other liabilities (2,395) (934)
Other operating activities, net 126 659
Net cash provided (used) by operating activities 971 2,793
Sales    
Securities available-for-sale 1,331 3,745
Loans 293 237
Repayments/maturities    
Securities available-for-sale 3,392 2,747
Securities held-to-maturity 6,843 4,714
Purchases    
Securities available-for-sale (9,045) (16,246)
Securities held-to-maturity (3,979) (933)
Loans (853) (865)
Net change in    
Federal funds sold and resale agreements (188) 167
Loans (9,812) 206
Other investing activities, net (670) (357)
Net cash provided (used) by investing activities (12,688) (6,585)
Net change in    
Noninterest-bearing deposits 613 (6,755)
Interest-bearing deposits (654) 1,716
Federal funds purchased and repurchase agreements (36) (178)
Other borrowed funds 149 (129)
Sales/issuances    
Federal Home Loan Bank advances 3,000 0
Senior debt 5,237 4,236
Other borrowed funds 0 338
Common and treasury stock 34 33
Repayments/maturities    
Federal Home Loan Bank advances (7,000) (3,000)
Senior debt (2,750) (1,050)
Subordinated debt (700) (750)
Other borrowed funds 0 (354)
Acquisition of treasury stock (598) (336)
Preferred stock cash dividends paid (154) (176)
Common stock cash dividends paid (1,281) (1,247)
Net cash provided (used) by financing activities (4,140) (7,652)
Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash (15,857) (11,444)
Cash, cash equivalents and restricted cash at beginning of period 46,251 50,725
Cash, cash equivalents and restricted cash at end of period 30,394 39,281
Cash, Cash Equivalents And Restricted Cash    
Cash and cash equivalents at end of period (unrestricted cash) 29,402 38,407
Restricted cash 992 874
Cash, cash equivalents and restricted cash at end of period 30,394 39,281
Supplemental Disclosures    
Interest paid 5,511 6,314
Income taxes paid 392 288
Income taxes refunded 2 44
Leased assets obtained in exchange for new operating lease liabilities 149 129
Non-cash Investing And Financing Items    
Transfer from loans to loans held for sale, net 108 58
Transfer from loans to foreclosed assets $ 21 $ 24

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