v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred stock
Common stock shares (in thousands)
Common stock and accumulated paid-in capital
Retained earnings
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated other comprehensive income (loss)
Beginning balance at Dec. 31, 2022 $ 4,893 $ 2 $ 440   $ 1,754 $ 5,811 $ 2 $ (3,112)
Beginning balance (in shares) at Dec. 31, 2022       148,664,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 680         680    
Other comprehensive income, net of tax 420             420
Bank common stock repurchased (in shares)       (972,000)        
Bank common stock repurchased (51)       (51)      
Net activity under employee plans and related tax benefits (in shares)       461,000        
Net activity under employee plans and related tax benefits 28       28      
Dividends on preferred stock (32)         (32)    
Dividends on common stock (245)         (245)    
Change in deferred compensation (4)         (4)    
Ending balance at Dec. 31, 2023 5,691   440   1,731 6,212   (2,692)
Ending balance (in shares) at Dec. 31, 2023       148,153,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 784         784    
Other comprehensive income, net of tax $ 312             312
Bank common stock repurchased (in shares) (900,725)     (900,000)        
Bank common stock repurchased $ (36)       (36)      
Preferred stock redemption (374)   (374)   6 (6)    
Net activity under employee plans and related tax benefits (in shares)       618,000        
Net activity under employee plans and related tax benefits 36       36      
Dividends on preferred stock (41)         (41)    
Dividends on common stock (248)         (248)    
Ending balance at Dec. 31, 2024 $ 6,124   66   1,737 6,701   (2,380)
Ending balance (in shares) at Dec. 31, 2024 147,871,000     147,871,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income $ 899         899    
Other comprehensive income, net of tax $ 439             439
Bank common stock repurchased (in shares) (773,244)     (773,000)        
Bank common stock repurchased $ (41)       (41)      
Net activity under employee plans and related tax benefits (in shares)       555,000        
Net activity under employee plans and related tax benefits 30       30      
Dividends on preferred stock (4)         (4)    
Dividends on common stock (263)         (263)    
Change in deferred compensation (4)         (4)    
Ending balance at Dec. 31, 2025 $ 7,180   $ 66   $ 1,726 $ 7,329   $ (1,941)
Ending balance (in shares) at Dec. 31, 2025 147,653,000     147,653,000