Business Segments (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting

Results of Operations and Average Assets by Segment

The following tables present the results of operations and assets by business segment for the three months ended:
					Wealth	General
		Commercial	Branch	Consumer	and Asset	Corporate
March 31, 2019 ($ in millions)		Banking	Banking	Lending	Management	and Other	Eliminations	Total
Net interest income	$	509	584	63	49	(123)	-	1,082
Provision for credit losses		20	52	13	-	5	-	90
Net interest income after provision for credit losses		489	532	50	49	(128)	-	992
Noninterest income:
Service charges on deposits		66	64	-	-	1	-	131
Wealth and asset management revenue		1	36	-	108	-	(33)(a)	112
Corporate banking revenue		112	1	-	-	(1)	-	112
Card and processing revenue		15	63	-	1	-	-	79
Mortgage banking net revenue		-	1	55	-	-	-	56
Other noninterest income(b)		33	18	3	5	533	-	592
Securities gains, net		-	-	-	-	16	-	16
Securities gains, net - non-qualifying hedges on MSRs		-	-	3	-	-	-	3
Total noninterest income		227	183	61	114	549	(33)	1,101
Noninterest expense:
Salaries, wages and incentives		87	114	35	45	198	-	479
Employee benefits		22	29	10	11	59	-	131
Technology and communications		2	1	2	-	78	-	83
Net occupancy expense		7	43	2	3	20	-	75
Card and processing expense		2	29	-	-	-	-	31
Equipment expense		6	12	-	-	12	-	30
Other noninterest expense		230	212	52	71	(264)	(33)	268
Total noninterest expense		356	440	101	130	103	(33)	1,097
Income before income taxes		360	275	10	33	318	-	996
Applicable income tax expense		66	58	2	7	88	-	221
Net income		294	217	8	26	230	-	775
Total goodwill	$	630	1,655	-	193	1,843 (d)	-	4,321
Total assets	$	74,377	69,599	24,662	9,916	(10,701)(c)	-	167,853

• Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income.
• Includes impairment charges of $20 for branches and land. For more information refer to Note 8 and Note 25.
• Includes bank premises and equipment of $78classified as held for sale. For more information refer to Note 8.
• Due to the timing of the MB Financial, Inc. acquisition, the Bancorp is in the process of completing its analysis of the allocation of the goodwill across its four business segments, therefore goodwill is presented as part of General Corporate and Other as of March 31, 2019.

					Wealth	General
		Commercial	Branch	Consumer	and Asset	Corporate
March 31, 2018 ($ in millions)		Banking	Banking	Lending	Management	and Other	Eliminations	Total
Net interest income	$	419	466	59	43	9	-	996
Provision for (benefit from) credit losses		(20)	44	12	16	(39)	-	13
Net interest income after provision for credit losses		439	422	47	27	48	-	983
Noninterest income:
Service charges on deposits		71	66	-	-	-	-	137
Wealth and asset management revenue		1	37	-	109	-	(34)(a)	113
Corporate banking revenue		86 (c)	1	-	1	-	-	88
Card and processing revenue		14	64	-	1	-	-	79
Mortgage banking net revenue		-	1	55	-	-	-	56
Other noninterest income(b)		49	15	4	5	387	-	460
Securities losses, net		(2)	-	-	-	(9)	-	(11)
Securities losses, net - non-qualifying hedges on MSRs		-	-	(13)	-	-	-	(13)
Total noninterest income		219	184	46	116	378	(34)	909
Noninterest expense:
Salaries, wages and incentives		70	110	39	44	184	-	447
Employee benefits		18	26	11	10	45	-	110
Technology and communications		2	1	1	-	64	-	68
Net occupancy expense		7	43	3	3	19	-	75
Card and processing expense		1	29	-	-	(1)	-	29
Equipment expense		5	13	-	-	13	-	31
Other noninterest expense		235	215	52	74	(292)	(34)	250
Total noninterest expense		338	437	106	131	32	(34)	1,010
Income (loss) before income taxes		320	169	(13)	12	394	-	882
Applicable income tax expense (benefit)		64	35	(3)	3	82	-	181
Net income (loss)		256	134	(10)	9	312	-	701
Total goodwill	$	630	1,655	-	177	-	-	2,462
Total assets	$	58,712	60,197	22,384	10,611	(10,521)(d)	-	141,383

• Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income.
• Includes impairment charges of $8 for branches and land. For more information refer to Note 8 and Note 25.
• Includes impairment charges of $2 for operating lease equipment. For more information refer to Note 9.
• Includes bank premises and equipment of $20 classified as held for sale. For more information refer to Note 8.