Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

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, 2016	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense)	$	355		$	155		$	42		$	(111	)	$	4		$	445
Provision for credit losses	46			1			3			—			(1		)	49
Noninterest income	142			48			62			13			4			269
Noninterest expenses	222			205			81			2			9			519
Provision (benefit) for income taxes	75			(1		)	7			(38		)	(1		)	42
Net income (loss)	$	154		$	(2	)	$	13		$	(62	)	$	1		$	104
Net credit-related charge-offs	$	42		$	1		$	4		$	—		$	—		$	47

Selected average balances:
Assets	$	39,617		$	6,557		$	5,215		$	14,135		$	5,144		$	70,668
Loans	38,574			5,879			5,016			—			—			49,469
Deposits	28,429			23,546			4,213			62			271			56,521

Statistical data:
Return on average assets (a)	1.55		%	(0.03		)%	1.02		%	N/M			N/M			0.59		%
Efficiency ratio (b)	44.46			101.12			77.65			N/M			N/M			72.48



(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)	$	373		$	155		$	45		$	(154	)	$	2		$	421
Provision for credit losses	61			(8		)	(9		)	—			3			47
Noninterest income	138			46			60			14			—			258
Noninterest expenses	175			181			74			2			1			433
Provision (benefit) for income taxes	94			10			14			(53		)	(1		)	64
Net income (loss)	$	181		$	18		$	26		$	(89	)	$	(1	)	$	135
Net credit-related charge-offs (recoveries)	$	23		$	1		$	(5	)	$	—		$	—		$	19

Selected average balances:
Assets	$	39,134		$	6,459		$	5,153		$	11,697		$	6,520		$	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)	1.86		%	0.30		%	2.01		%	N/M			N/M			0.79		%
Efficiency ratio (b)	33.96			89.88			70.28			N/M			N/M			63.49


(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 (fully taxable equivalent basis) and noninterest income excluding net securities gains.

N/M – not meaningful



(dollar amounts in millions)	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Six Months Ended June 30, 2016	Business Bank			Retail Bank			Wealth Management			Finance			Other			Total
Earnings summary:
Net interest income (expense)	$	716		$	311		$	85		$	(228	)	$	8		$	892
Provision for credit losses	197			4			(2		)	—			(2		)	197
Noninterest income	277			91			121			26			—			515
Noninterest expenses	429			384			154			3			9			979
Provision (benefit) for income taxes	120			5			19			(78		)	1			67
Net income (loss)	$	247		$	9		$	35		$	(127	)	$	—		$	164
Net credit-related charge-offs	$	98		$	4		$	3		$	—		$	—		$	105

Selected average balances:
Assets	$	39,125		$	6,551		$	5,189		$	14,149		$	4,934		$	69,948
Loans	38,068			5,873			4,990			—			—			48,931
Deposits	28,769			23,328			4,192			83			243			56,615

Statistical data:
Return on average assets (a)	1.26		%	0.08		%	1.35		%	N/M			N/M			0.47		%
Efficiency ratio (b)	43.04			95.02			74.60			N/M			N/M			69.31



(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)	$	740		$	307		$	88		$	(305	)	$	4		$	834
Provision for credit losses	86			(16		)	(10		)	—			1			61
Noninterest income	276			87			118			26			2			509
Noninterest expenses	370			357			151			5			5			888
Provision (benefit) for income taxes	191			18			23			(106		)	(1		)	125
Net income (loss)	$	369		$	35		$	42		$	(178	)	$	1		$	269
Net credit-related charge-offs (recoveries)	$	32		$	2		$	(7	)	$	—		$	—		$	27

Selected average balances:
Assets	$	38,896		$	6,414		$	5,091		$	11,905		$	6,546		$	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)	1.90		%	0.30		%	1.65		%	N/M			N/M			0.78		%
Efficiency ratio (b)	36.46			90.22			72.42			N/M			N/M			65.93


(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 (fully taxable equivalent basis) and noninterest income excluding net securities gains.

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, 2016	Michigan			California			Texas			Other Markets			Finance & Other			Total
Earnings summary:
Net interest income (expense)	$	166		$	178		$	119		$	89		$	(107	)	$	445
Provision for credit losses	3			17			32			(2		)	(1		)	49
Noninterest income	81			39			31			101			17			269
Noninterest expenses	159			120			113			116			11			519
Provision (benefit) for income taxes	28			30			2			21			(39		)	42
Net income (loss)	$	57		$	50		$	3		$	55		$	(61	)	$	104
Net credit-related charge-offs (recoveries)	$	—		$	17		$	31		$	(1	)	$	—		$	47

Selected average balances:
Assets	$	13,299		$	17,997		$	11,287		$	8,806		$	19,279		$	70,668
Loans	12,660			17,708			10,840			8,261			—			49,469
Deposits	21,553			16,933			10,052			7,650			333			56,521

Statistical data:
Return on average assets (a)	1.01		%	1.10		%	0.11		%	2.52		%	N/M			0.59		%
Efficiency ratio (b)	64.13			55.30			74.91			60.98			N/M			72.48



(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)	$	178		$	180		$	130		$	85		$	(152	)	$	421
Provision for credit losses	(13		)	4			43			10			3			47
Noninterest income	86			36			30			92			14			258
Noninterest expenses	129			99			93			109			3			433
Provision (benefit) for income taxes	50			42			10			16			(54		)	64
Net income (loss)	$	98		$	71		$	14		$	42		$	(90	)	$	135
Net credit-related charge-offs (recoveries)	$	(1	)	$	6		$	5		$	9		$	—		$	19

Selected average balances:
Assets	$	13,851		$	16,696		$	11,878		$	8,321		$	18,217		$	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		%	0.45		%	2.03		%	N/M			0.79		%
Efficiency ratio (b)	48.09			45.90			58.13			61.56			N/M			63.49


(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 (fully taxable equivalent basis) and noninterest income excluding net securities gains.

N/M – not meaningful



(dollar amounts in millions)	Michigan			California			Texas			Other Markets			Finance & Other			Total
Six Months Ended June 30, 2016	Michigan			California			Texas			Other Markets			Finance & Other			Total
Earnings summary:
Net interest income (expense)	$	340		$	355		$	242		$	175		$	(220	)	$	892
Provision for credit losses	(3		)	11			202			(11		)	(2		)	197
Noninterest income	158			76			62			193			26			515
Noninterest expenses	310			224			213			220			12			979
Provision (benefit) for income taxes	64			73			(38		)	45			(77		)	67
Net income (loss)	$	127		$	123		$	(73	)	$	114		$	(127	)	$	164
Net credit-related charge-offs (recoveries)	$	5		$	25		$	78		$	(3	)	$	—		$	105

Selected average balances:
Assets	$	13,350		$	17,769		$	11,291		$	8,455		$	19,083		$	69,948
Loans	12,717			17,496			10,802			7,916			—			48,931
Deposits	21,625			16,793			10,213			7,658			326			56,615

Statistical data:
Return on average assets (a)	1.14		%	1.38		%	(1.23		)%	2.70		%	N/M			0.47		%
Efficiency ratio (b)	61.84			51.71			70.10			59.71			N/M			69.31



(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)	$	355		$	356		$	260		$	164		$	(301	)	$	834
Provision for credit losses	(21		)	1			64			16			1			61
Noninterest income	164			71			66			180			28			509
Noninterest expenses	282			196			188			212			10			888
Provision (benefit) for income taxes	87			86			28			31			(107		)	125
Net income (loss)	$	171		$	144		$	46		$	85		$	(177	)	$	269
Net credit-related charge-offs (recoveries)	$	1		$	6		$	9		$	11		$	—		$	27

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)	1.51		%	1.58		%	0.73		%	2.14		%	N/M			0.78		%
Efficiency ratio (b)	54.05			46.04			57.75			61.09			N/M			65.93


(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 (fully taxable equivalent basis) and noninterest income excluding net securities gains.

N/M – not meaningful