Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Business segment financial results are as follows:



(dollar amounts in millions)	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Three Months Ended June 30, 2015	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	375		$	155		$	45		$	(155	)	$	2		$	422
Provision for credit losses	61			(8		)	(9		)	—			3			47
Noninterest income	140			46			60			14			1			261
Noninterest expenses	176			182			74			3			1			436
Provision (benefit) for income taxes (FTE)	96			9			14			(54		)	—			65
Net income (loss)	$	182		$	18		$	26		$	(90	)	$	(1	)	$	135
Net loan charge-offs (recoveries)	$	22		$	1		$	(5	)	$	—		$	—		$	18

Selected average balances:
Assets	$	39,135		$	6,459		$	5,153		$	11,721		$	6,495		$	68,963
Loans	38,109			5,770			4,954			—			—			48,833
Deposits	30,229			22,747			4,060			93			269			57,398

Statistical data:
Return on average assets (a)	1.87		%	0.30		%	2.01		%	N/M			N/M			0.79		%
Efficiency ratio (b)	34.19		%	89.88		%	70.27		%	N/M			N/M			63.68		%



(dollar amounts in millions)	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Three Months Ended June 30, 2014	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	375		$	152		$	44		$	(160	)	$	6		$	417
Provision for credit losses	35			(6		)	(10		)	—			(8		)	11
Noninterest income	100			41			62			15			2			220
Noninterest expenses	143			174			76			2			9			404
Provision (benefit) for income taxes (FTE)	100			9			15			(56		)	3			71
Net income (loss)	$	197		$	16		$	25		$	(91	)	$	4		$	151
Net loan charge-offs (recoveries)	$	9		$	3		$	(3	)	$	—		$	—		$	9

Selected average balances:
Assets	$	37,305		$	6,222		$	4,987		$	11,055		$	5,309		$	64,878
Loans	36,367			5,554			4,804			—			—			46,725
Deposits	27,351			21,890			3,616			258			269			53,384

Statistical data:
Return on average assets (a)	2.11		%	0.29		%	2.02		%	N/M			N/M			0.93		%
Efficiency ratio b)	30.07		%	90.06		%	72.11		%	N/M			N/M			63.35		%


(a)	Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity.

(b) Noninterest expenses as a percentage of the sum of net interest income (FTE) and noninterest income excluding net securities gains.

FTE – Fully Taxable Equivalent

N/M – not meaningful



(dollar amounts in millions)	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Six Months Ended June 30, 2015	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	744		$	307		$	88		$	(308	)	$	5		$	836
Provision for credit losses	86			(16		)	(10		)	—			1			61
Noninterest income	282			88			118			27			1			516
Noninterest expenses	376			357			151			5			6			895
Provision (benefit) for income taxes (FTE)	193			19			23			(107		)	(1		)	127
Net income (loss)	$	371		$	35		$	42		$	(179	)	$	—		$	269
Net loan charge-offs (recoveries)	$	31		$	2		$	(7	)	$	—		$	—		$	26

Selected average balances:
Assets	$	38,896		$	6,414		$	5,091		$	11,930		$	6,521		$	68,852
Loans	37,868			5,732			4,894			—			—			48,494
Deposits	30,187			22,577			4,028			131			273			57,196

Statistical data:
Return on average assets (a)	1.91		%	0.30		%	1.65		%	N/M			N/M			0.78		%
Efficiency ratio (b)	36.69			90.22			72.40			N/M			N/M			66.07



(dollar amounts in millions)	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Six Months Ended June 30, 2014	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	744		$	301		$	89		$	(318	)	$	12		$	828
Provision for credit losses	52			(5		)	(18		)	—			(9		)	20
Noninterest income	191			82			122			29			4			428
Noninterest expenses	289			348			152			5			16			810
Provision (benefit) for income taxes (FTE)	199			14			28			(111		)	6			136
Net income (loss)	$	395		$	26		$	49		$	(183	)	$	3		$	290
Net loan charge-offs (recoveries)	$	20		$	6		$	(5	)	$	—		$	—		$	21

Selected average balances:
Assets	$	36,522		$	6,224		$	4,959		$	11,092		$	5,997		$	64,794
Loans	35,567			5,555			4,783			—			—			45,905
Deposits	27,173			21,759			3,599			305			243			53,079

Statistical data:
Return on average assets (a)	2.16		%	0.24		%	1.99		%	N/M			N/M			0.90		%
Efficiency ratio (b)	30.85			90.69			72.61			N/M			N/M			64.55


(a)	Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity.

(b) Noninterest expenses as a percentage of the sum of net interest income (FTE) and noninterest income excluding net securities gains.

FTE – Fully Taxable Equivalent

N/M – not meaningful

Market segment financial results are as follows:



(dollar amounts in millions)	Michigan			California			Texas			Other Markets			Finance & Other			Total
Three Months Ended June 30, 2015	Michigan			California			Texas			Other Markets			Finance & Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	179		$	181		$	130		$	85		$	(153	)	$	422
Provision for credit losses	(13		)	4			43			10			3			47
Noninterest income	85			37			31			93			15			261
Noninterest expenses	128			100			94			110			4			436
Provision (benefit) for income taxes (FTE)	51			43			10			15			(54		)	65
Net income (loss)	$	98		$	71		$	14		$	43		$	(91	)	$	135
Net loan charge-offs (recoveries)	$	(2	)	$	6		$	5		$	9		$	—		$	18

Selected average balances:
Assets	$	13,852		$	16,696		$	11,878		$	8,321		$	18,216		$	68,963
Loans	13,290			16,429			11,254			7,860			—			48,833
Deposits	21,706			17,275			10,959			7,096			362			57,398

Statistical data:
Return on average assets (a)	1.73		%	1.54		%	0.46		%	2.05		%	N/M			0.79		%
Efficiency ratio (b)	48.21		%	46.04		%	58.20		%	61.45		%	N/M			63.68		%



(dollar amounts in millions)	Michigan			California			Texas			Other Markets			Finance & Other			Total
Three Months Ended June 30, 2014	Michigan			California			Texas			Other Markets			Finance & Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	182		$	176		$	137		$	76		$	(154	)	$	417
Provision for credit losses	(9		)	14			22			(8		)	(8		)	11
Noninterest income	89			38			35			41			17			220
Noninterest expenses	159			100			89			45			11			404
Provision (benefit) for income taxes (FTE)	44			37			22			21			(53		)	71
Net income (loss)	$	77		$	63		$	39		$	59		$	(87	)	$	151
Net loan charge-offs (recoveries)	$	10		$	5		$	2		$	(8	)	$	—		$	9

Selected average balances:
Assets	$	13,851		$	15,721		$	11,661		$	7,281		$	16,364		$	64,878
Loans	13,482			15,439			10,966			6,838			—			46,725
Deposits	20,694			15,370			10,724			6,069			527			53,384

Statistical data:
Return on average assets (a)	1.42		%	1.54		%	1.30		%	3.28		%	N/M			0.93		%
Efficiency ratio (b)	58.67		%	46.64		%	51.67		%	38.73		%	N/M			63.35		%


(a)	Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity.

(b) Noninterest expenses as a percentage of the sum of net interest income (FTE) and noninterest income excluding net securities gains.

FTE – Fully Taxable Equivalent

N/M – not meaningful



(dollar amounts in millions)	Michigan			California			Texas			Other Markets			Finance & Other			Total
Six Months Ended June 30, 2015	Michigan			California			Texas			Other Markets			Finance & Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	357		$	357		$	260		$	165		$	(303	)	$	836
Provision for credit losses	(21		)	1			64			16			1			61
Noninterest income	166			74			67			181			28			516
Noninterest expenses	283			199			189			213			11			895
Provision (benefit) for income taxes (FTE)	89			87			28			31			(108		)	127
Net income (loss)	$	172		$	144		$	46		$	86		$	(179	)	$	269
Net loan charge-offs	$	1		$	6		$	8		$	11		$	—		$	26

Selected average balances:
Assets	$	13,794		$	16,580		$	12,034		$	7,993		$	18,451		$	68,852
Loans	13,257			16,312			11,394			7,531			—			48,494
Deposits	21,709			17,057			10,985			7,041			404			57,196

Statistical data:
Return on average assets (a)	1.52		%	1.59		%	0.74		%	2.15		%	N/M			0.78		%
Efficiency ratio (b)	54.14			46.20			57.81			61.01			N/M			66.07



(dollar amounts in millions)	Michigan			California			Texas			Other Markets			Finance & Other			Total
Six Months Ended June 30, 2014	Michigan			California			Texas			Other Markets			Finance & Other			Total
Earnings summary:
Net interest income (expense) (FTE)	$	364		$	349		$	273		$	148		$	(306	)	$	828
Provision for credit losses	(5		)	25			29			(20		)	(9		)	20
Noninterest income	173			73			69			80			33			428
Noninterest expenses	320			197			179			93			21			810
Provision (benefit) for income taxes (FTE)	80			74			48			39			(105		)	136
Net income (loss)	$	142		$	126		$	86		$	116		$	(180	)	$	290
Net loan charge-offs (recoveries)	$	10		$	15		$	8		$	(12	)	$	—		$	21

Selected average balances:
Assets	$	13,835		$	15,429		$	11,367		$	7,074		$	17,089		$	64,794
Loans	13,478			15,133			10,667			6,627			—			45,905
Deposits	20,668			15,078			10,799			5,986			548			53,079

Statistical data:
Return on average assets (a)	1.32		%	1.57		%	1.43		%	3.28		%	N/M			0.90		%
Efficiency ratio (b)	59.56			46.62			52.30			40.99			N/M			64.55


(a)	Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity.

(b) Noninterest expenses as a percentage of the sum of net interest income (FTE) and noninterest income excluding net securities gains.

FTE – Fully Taxable Equivalent

N/M – not meaningful