Business Combination (Tables)

3 Months Ended

Mar. 31, 2019

Consideration Paid, Noncontrolling Interest Recognized, and Acquired Identifiable Assets and Liabilities

The following table reflects consideration paid and the noncontrolling interest recognized for MB Financial, Inc.’s net assets and the amounts of acquired identifiable assets and liabilities assumed at their estimated fair value as of the acquisition date:

($ in millions)
Consideration paid
Cash payments			$	469
Fair value of common stock issued				3,121
Stock-based awards				38
Dividend receivable from MB Financial, Inc.				(20)
Total consideration paid			$	3,608

Fair value of noncontrolling interest in acquiree			$	197

Net Identifiable Assets Acquired, at Fair Value:
Assets
Cash and due from banks	$	1,679
Federal funds sold		35
Other short-term investments		53
Available-for-sale debt and other securities		832
Held-to-maturity securities		4
Equity securities		51
Loans and leases held for sale		12
Portfolio loans and leases		13,490
Bank premises and equipment		254
Operating lease equipment		403
Intangible assets		183
Servicing rights		263
Other assets		697
Total assets acquired	$	17,956
Liabilities
Deposits	$	14,489
Other short-term borrowings		348
Accrued taxes, interest and expenses		264
Other liabilities		180
Long-term debt		713
Total liabilities assumed	$	15,994

Net identifiable assets acquired				1,962
Goodwill			$	1,843

Merger-Related Expenses

The following table provides a summary of merger-related expenses recorded in noninterest expense for the three months ended March 31, 2019:

		Merger-Related
($ in millions)		Expense
Salaries, wages and incentives	$	32
Employee benefits		3
Technology and communications		11
Other noninterest expense		30
Total	$	76

Unaudited Pro Forma

The following table presents unaudited pro forma information as if the acquisition of MB Financial, Inc. had occurred on January 1, 2018.

		Unaudited Pro Forma Information
		For the three months ended March 31,
($ in millions)		2019	2018
Net interest income	$	1,242	1,181
Noninterest income		1,205	1,006
Net income attributable to common shareholders		891	655

Accounting for Certain Loans Acquired in Transfer Disclosure [Table Text Block]

The following table reflects the contractually required payments receivable, cash flows expected to be collected and estimated fair value of loans identified as PCI loans on the acquisition date of MB Financial, Inc. These fair value estimates are considered preliminary as of March 31, 2019 due to the timing of the close of the acquisition.

($ in millions)		March 22, 2019
Contractually required payments including interest	$	1,164
Less: Nonaccretable difference		109
Cash flows expected to be collected		1,055
Less: Accretable yield		232
Fair value of loans acquired	$	823