v3.25.4
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net income $ 6,997 $ 5,953 $ 5,647
Adjustments to reconcile net income to net cash provided (used) by operating activities      
Provision For Credit Losses 779 789 742
Depreciation, amortization and accretion 381 259 217
Deferred income taxes (benefit) (40) (30) (252)
Net losses on sales of securities 9 500 2
Changes in fair value of mortgage servicing rights 492 154 298
Gain on Visa shares exchange program 0 (754) 0
Net change in      
Trading securities and other short-term investments (3,966) 41 (767)
Loans held for sale and related securitization activity (1,102) (151) 210
Other assets 1,736 896 2,312
Accrued expenses and other liabilities (1,610) (1,373) 507
Other operating activities, net 708 1,596 1,195
Net cash provided (used) by operating activities 4,384 7,880 10,111
Sales      
Securities available-for-sale 3,151 4,259 36
Loans 876 636 979
Repayments/maturities      
Securities available-for-sale 6,668 6,622 6,916
Securities held-to-maturity 15,006 15,711 7,003
Purchases      
Securities available-for-sale (15,425) (30,366) (3,805)
Securities held-to-maturity (6,657) (1,745) (1,857)
Loans (2,312) (1,915) (10,195)
Net change in federal funds sold and resale agreements 448 (387) 573
Other changes in loans, net (14,736) 5,056 12,440
Other investing activities, net (2,636) (1,103) (1,985)
Net cash provided (used) by investing activities (15,617) (3,232) 10,105
Net change in      
Noninterest-bearing deposits (895) (8,660) (23,189)
Interest-bearing deposits 15,021 13,964 8,337
Federal funds purchased and repurchase agreements 77 (74) 359
Other borrowed funds (377) 431 (549)
Sales/issuances      
Federal Home Loan Bank advances 4,100 3,000 6,000
Senior debt 8,030 9,974 10,464
Other borrowed funds 0 0 824
Preferred stock 0 0 1,484
Common and treasury stock 70 69 72
Repayments/maturities      
Federal Home Loan Bank advances (13,100) (19,000) (75)
Senior debt (2,750) (4,000) (750)
Subordinated debt (1,200) (750) (1,500)
Other borrowed funds 0 0 (802)
Preferred stock redemption 0 (500) (1,000)
Acquisition of treasury stock (1,338) (687) (651)
Preferred stock cash dividends paid (308) (352) (417)
Common stock cash dividends paid (2,635) (2,537) (2,461)
Net cash provided (used) by financing activities 4,695 (9,122) (3,854)
Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash (6,538) (4,474) 16,362
Cash, cash equivalents and restricted cash at beginning of period 46,251 [1] 50,725 [1] 34,363
Cash, cash equivalents and restricted cash at end of period (a) [1] 39,713 46,251 50,725
Supplemental Disclosures (b)      
Interest paid [2] 11,154 13,052 9,451
Leased assets obtained in exchange for new operating lease liabilities [2] 431 247 237
Non-cash Investing And Financing Items      
Transfer from loans to loans held for sale, net 320 122 380
Transfer from loans to foreclosed assets 49 40 56
Adjustment to assets and liabilities related to partially financed investment exits $ 0 $ 0 $ 834
[1] Includes restricted cash at end of period of $954 million, $968 million and $985 million for the years ended December 31, 2025, 2024 and 2023, respectively.
[2] Disclosures of income taxes paid (net of refunds) are presented in Note 18 Income Taxes pursuant to our adoption of ASU 2023-09. Refer to Note 1 Accounting Policies for additional information related to our adoption of this ASU.

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