XML 118 R151.htm IDEA: XBRL DOCUMENT v3.20.1
Segments (Results of Operations and Average Assets by Segment) (Detail) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Dec. 31, 2018
Segment Reporting Information        
Net interest income $ 1,229 $ 1,082    
Provision for credit losses 640 90    
Net interest income after provision for credit losses 589 992    
Noninterest Income:        
Service charges on deposits 148 131 [1]    
Wealth and asset management revenue 134 112 [1]    
Commercial banking revenue 124 103 [1]    
Mortgage banking net revenue 120 56 [1]    
Card and processing revenue 86 79 [1]    
Leasing business net revenue 73 32 [1]    
Other noninterest income 7 [2] 569 [1],[3]    
Securities gains (losses), net (24) 16 [1]    
Securities gains, non - qualifying hedges on MSRs 3 3 [1]    
Total noninterest income 671 1,101 [1]    
Noninterest expense:        
Compensation and benefits 647 610 [1]    
Net occupancy expense 82 [4] 75 [1]    
Technology and communications 93 83 [1]    
Equipment Expense 32 30 [1]    
Card and processing expense 31 31 [1]    
Leasing business expense 35 19 [1]    
Marketing expense 31 36 [1]    
Other noninterest expense 249 213 [1]    
Total noninterest expense 1,200 1,097 [1]    
Income (Loss) Before Income Taxes 60 996    
Applicable income tax expense (benefit) 14 221    
Net income 46 775    
Total goodwill 4,261 4,321 $ 4,252 $ 2,478
Total assets 185,391 167,853    
Inter segment Elimination        
Segment Reporting Information        
Net interest income 0 0    
Provision for credit losses 0 0    
Net interest income after provision for credit losses 0 0    
Noninterest Income:        
Service charges on deposits 0 0 [1]    
Wealth and asset management revenue [5] (40) (33) [1]    
Commercial banking revenue 0 0 [1]    
Mortgage banking net revenue 0 0 [1]    
Card and processing revenue 0 0 [1]    
Leasing business net revenue 0 0 [1]    
Other noninterest income 0 [2] 0 [1],[3]    
Securities gains (losses), net 0 0 [1]    
Securities gains, non - qualifying hedges on MSRs 0 0 [1]    
Total noninterest income (40) (33) [1]    
Noninterest expense:        
Compensation and benefits 0 0 [1]    
Net occupancy expense 0 [4] 0 [1]    
Technology and communications 0 0 [1]    
Equipment Expense 0 0 [1]    
Card and processing expense 0 0 [1]    
Leasing business expense 0 0 [1]    
Marketing expense 0 0 [1]    
Other noninterest expense (40) (33) [1]    
Total noninterest expense (40) (33) [1]    
Income (Loss) Before Income Taxes 0 0    
Applicable income tax expense (benefit) 0 0    
Net income 0 0    
Total goodwill 0 0    
Total assets 0 0    
Commercial Banking        
Segment Reporting Information        
Net interest income 507 509    
Provision for credit losses 45 20    
Net interest income after provision for credit losses 462 489    
Noninterest Income:        
Service charges on deposits 84 66 [1]    
Wealth and asset management revenue 1 1 [1]    
Commercial banking revenue 124 103 [1]    
Mortgage banking net revenue 0 0 [1]    
Card and processing revenue 16 15 [1]    
Leasing business net revenue 73 [6] 32 [1]    
Other noninterest income (11) [2] 10 [1],[3]    
Securities gains (losses), net 0 0 [1]    
Securities gains, non - qualifying hedges on MSRs 0 0 [1]    
Total noninterest income 287 227 [1]    
Noninterest expense:        
Compensation and benefits 150 109 [1]    
Net occupancy expense 7 [4] 7 [1]    
Technology and communications 3 2 [1]    
Equipment Expense 7 6 [1]    
Card and processing expense 2 2 [1]    
Leasing business expense 35 19 [1]    
Marketing expense 2 1 [1]    
Other noninterest expense 274 210 [1]    
Total noninterest expense 480 356 [1]    
Income (Loss) Before Income Taxes 269 360    
Applicable income tax expense (benefit) 45 66    
Net income 224 294    
Total goodwill 1,961 630    
Total assets 84,576 74,377    
Branch Banking        
Segment Reporting Information        
Net interest income 505 584    
Provision for credit losses 62 52    
Net interest income after provision for credit losses 443 532    
Noninterest Income:        
Service charges on deposits 65 64 [1]    
Wealth and asset management revenue 44 36 [1]    
Commercial banking revenue 1 1 [1]    
Mortgage banking net revenue 2 1 [1]    
Card and processing revenue 67 63 [1]    
Leasing business net revenue 0 0 [1]    
Other noninterest income 19 [2] 18 [1],[3]    
Securities gains (losses), net 0 0 [1]    
Securities gains, non - qualifying hedges on MSRs 0 0 [1]    
Total noninterest income 198 183 [1]    
Noninterest expense:        
Compensation and benefits 168 143 [1]    
Net occupancy expense 44 [4] 43 [1]    
Technology and communications 1 1 [1]    
Equipment Expense 11 12 [1]    
Card and processing expense 30 29 [1]    
Leasing business expense 0 0 [1]    
Marketing expense 13 14 [1]    
Other noninterest expense 221 198 [1]    
Total noninterest expense 488 440 [1]    
Income (Loss) Before Income Taxes 153 275    
Applicable income tax expense (benefit) 32 58    
Net income 121 217    
Total goodwill 2,047 1,655    
Total assets 70,283 69,599    
Consumer Lending        
Segment Reporting Information        
Net interest income 89 63    
Provision for credit losses 13 13    
Net interest income after provision for credit losses 76 50    
Noninterest Income:        
Service charges on deposits 0 0 [1]    
Wealth and asset management revenue 0 0 [1]    
Commercial banking revenue 0 0 [1]    
Mortgage banking net revenue 117 55 [1]    
Card and processing revenue 0 0 [1]    
Leasing business net revenue 0 0 [1]    
Other noninterest income 4 [2] 3 [1],[3]    
Securities gains (losses), net 0 0 [1]    
Securities gains, non - qualifying hedges on MSRs 3 3 [1]    
Total noninterest income 124 61 [1]    
Noninterest expense:        
Compensation and benefits 51 45 [1]    
Net occupancy expense 2 [4] 2 [1]    
Technology and communications 2 2 [1]    
Equipment Expense 0 0 [1]    
Card and processing expense 0 0 [1]    
Leasing business expense 0 0 [1]    
Marketing expense 1 1 [1]    
Other noninterest expense 66 51 [1]    
Total noninterest expense 122 101 [1]    
Income (Loss) Before Income Taxes 78 10    
Applicable income tax expense (benefit) 17 2    
Net income 61 8    
Total goodwill 0 0    
Total assets 27,132 24,662    
Wealth and Asset Management        
Segment Reporting Information        
Net interest income 37 49    
Provision for credit losses 1 0    
Net interest income after provision for credit losses 36 49    
Noninterest Income:        
Service charges on deposits 0 0 [1]    
Wealth and asset management revenue 129 108 [1]    
Commercial banking revenue 0 0 [1]    
Mortgage banking net revenue 1 0 [1]    
Card and processing revenue 0 1 [1]    
Leasing business net revenue 0 0 [1]    
Other noninterest income 5 [2] 5 [1],[3]    
Securities gains (losses), net 0 0 [1]    
Securities gains, non - qualifying hedges on MSRs 0 0 [1]    
Total noninterest income 135 114 [1]    
Noninterest expense:        
Compensation and benefits 61 56 [1]    
Net occupancy expense 3 [4] 3 [1]    
Technology and communications 0 0 [1]    
Equipment Expense 0 0 [1]    
Card and processing expense 0 0 [1]    
Leasing business expense 0 0 [1]    
Marketing expense 1 1 [1]    
Other noninterest expense 78 70 [1]    
Total noninterest expense 143 130 [1]    
Income (Loss) Before Income Taxes 28 33    
Applicable income tax expense (benefit) 6 7    
Net income 22 26    
Total goodwill 253 193    
Total assets 11,653 9,916    
General Corporate and Other        
Segment Reporting Information        
Net interest income 91 (123)    
Provision for credit losses 519 5    
Net interest income after provision for credit losses (428) (128)    
Noninterest Income:        
Service charges on deposits (1) 1 [1]    
Wealth and asset management revenue 0 0 [1]    
Commercial banking revenue (1) (1) [1]    
Mortgage banking net revenue 0 0 [1]    
Card and processing revenue 3 0 [1]    
Leasing business net revenue 0 0 [1]    
Other noninterest income (10) [2] 533 [1],[3]    
Securities gains (losses), net (24) 16 [1]    
Securities gains, non - qualifying hedges on MSRs 0 0 [1]    
Total noninterest income (33) 549 [1]    
Noninterest expense:        
Compensation and benefits 217 257 [1]    
Net occupancy expense 26 [4] 20 [1]    
Technology and communications 87 78 [1]    
Equipment Expense 14 12 [1]    
Card and processing expense (1) 0 [1]    
Leasing business expense 0 0 [1]    
Marketing expense 14 19 [1]    
Other noninterest expense (350) (283) [1]    
Total noninterest expense 7 103 [1]    
Income (Loss) Before Income Taxes (468) 318    
Applicable income tax expense (benefit) (86) 88    
Net income (382) 230    
Total goodwill 0 (1,843) [7]    
Total assets $ (8,253) [8] $ (10,701) [9]    
[1] During the first quarter of 2020, certain noninterest income and noninterest expense line items were reclassified to better align disclosures to business activities. These reclassifications were retrospectively applied to all prior periods presented. Total noninterest income and noninterest expense did not change as a result of these reclassifications.
[2] Includes impairment charges of $3 for branches and land. For more information refer to Note 8 and Note 23.
[3] Includes impairment charges of $20 for branches and land. For more information refer to Note 8.
[4] Includes impairment losses and termination charges of $2 for ROU assets related to certain operating leases. For more information refer to Note 10.
[5] Revenue sharing agreements between wealth and asset management and branch banking are eliminated in the Condensed Consolidated Statements of Income.
[6] Includes impairment charges of $3 for operating lease equipment. For more information refer to Note 9 and Note 23.
[7] Due to the timing of the MB Financial, Inc. acquisition, the Bancorp was in the process of completing its analysis of the allocation of the goodwill across its four business segments, therefore goodwill was presented as part of General Corporate and Other as of March 31, 2019.
[8] Includes bank premises and equipment of $36 classified as held for sale. For more information refer to Note 8.
[9] Includes bank premises and equipment of $78 classified as held for sale. For more information refer to Note 8.