v3.25.3
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating Activities    
Net income $ 4,964 $ 4,326
Adjustments to reconcile net income to net cash provided (used) by operating activities    
Provision For Credit Losses 640 633
Depreciation, amortization and accretion 273 95
Deferred income taxes (benefit) (68) (89)
Net losses on sales of securities 2 498
Changes in fair value of mortgage servicing rights 422 297
Gain on Visa shares exchange program 0 (754)
Net change in    
Trading securities and other short-term investments (3,293) (246)
Loans held for sale and related securitization activity (248) (18)
Other assets 2,645 1,438
Accrued expenses and other liabilities (2,089) (563)
Other operating activities, net 379 463
Net cash provided (used) by operating activities 3,627 6,080
Sales    
Securities available-for-sale 1,267 4,309
Loans 574 375
Repayments/maturities    
Securities available-for-sale 5,639 5,049
Securities held-to-maturity 10,246 8,633
Purchases    
Securities available-for-sale (12,121) (25,501)
Securities held-to-maturity (5,182) (1,028)
Loans (1,592) (1,595)
Net change in    
Federal funds sold and resale agreements (857) (606)
Loans (9,985) 584
Other investing activities, net (1,497) (587)
Net cash provided (used) by investing activities (13,508) (10,367)
Net change in    
Noninterest-bearing deposits (1,435) (6,638)
Interest-bearing deposits 7,445 9,245
Federal funds purchased and repurchase agreements 96 (111)
Other borrowed funds 770 504
Sales/issuances    
Federal Home Loan Bank advances 4,100 0
Senior debt 8,030 6,729
Other borrowed funds 0 520
Common and treasury stock 61 60
Repayments/maturities    
Federal Home Loan Bank advances (10,000) (10,000)
Senior debt (2,750) (1,650)
Subordinated debt (700) (750)
Other borrowed funds 0 (544)
Acquisition of treasury stock (932) (466)
Preferred stock cash dividends paid (225) (258)
Common stock cash dividends paid (1,959) (1,893)
Net cash provided (used) by financing activities 2,501 (5,252)
Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash (7,380) (9,539)
Cash, cash equivalents and restricted cash at beginning of period 46,251 50,725
Cash, cash equivalents and restricted cash at end of period (a) [1] 38,871 41,186
Supplemental Disclosures    
Interest paid 8,312 9,586
Income taxes paid 496 332
Income taxes refunded 3 44
Leased assets obtained in exchange for new operating lease liabilities 229 182
Non-cash Investing And Financing Items    
Transfer from loans to loans held for sale, net 236 85
Transfer from loans to foreclosed assets $ 36 $ 31
[1] Includes restricted cash at end of period of $843 million and $884 million for the nine months ended September 30, 2025 and 2024, respectively

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