Results of Businesses |
Table 78: Results of Businesses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended March 31 In millions | | Retail Banking | | Corporate & Institutional Banking | | Asset Management Group | | Other | | Consolidated (a) | 2023 | | | | | | | | | | | Income Statement | | | | | | | | | | | Net interest income | | $ | 2,281 | | | $ | 1,383 | | | $ | 127 | | | $ | (206) | | | $ | 3,585 | | Noninterest income | | 743 | | | 886 | | | 230 | | | 159 | | | 2,018 | | Total revenue | | 3,024 | | | 2,269 | | | 357 | | | (47) | | | 5,603 | | Provision for (recapture of) credit losses | | 238 | | | (28) | | | 9 | | | 16 | | | 235 | | Depreciation and amortization | | 78 | | | 54 | | | 6 | | | 143 | | | 281 | | Other noninterest expense | | 1,849 | | | 885 | | | 274 | | | 32 | | | 3,040 | | Income (loss) before income taxes (benefit) and noncontrolling interests | | 859 | | | 1,358 | | | 68 | | | (238) | | | 2,047 | | Income taxes (benefit) | | 202 | | | 294 | | | 16 | | | (159) | | | 353 | | Net income (loss) | | 657 | | | 1,064 | | | 52 | | | (79) | | | 1,694 | | Less: Net income attributable to noncontrolling interests | | 10 | | | 5 | | | | | 2 | | | 17 | | Net income (loss) excluding noncontrolling interests | | $ | 647 | | | $ | 1,059 | | | $ | 52 | | | $ | (81) | | | $ | 1,677 | | Average Assets | | $ | 115,384 | | | $ | 234,536 | | | $ | 14,997 | | | $ | 197,415 | | | $ | 562,332 | | 2022 | | | | | | | | | | | Income Statement | | | | | | | | | | | Net interest income | | $ | 1,531 | | | $ | 1,143 | | | $ | 138 | | | $ | (8) | | | $ | 2,804 | | Noninterest income | | 745 | | | 804 | | | 248 | | | 91 | | | 1,888 | | Total revenue | | 2,276 | | | 1,947 | | | 386 | | | 83 | | | 4,692 | | Provision for (recapture of) credit losses | | (81) | | | (118) | | | 2 | | | (11) | | | (208) | | Depreciation and amortization | | 74 | | | 52 | | | 6 | | | 145 | | | 277 | | Other noninterest expense | | 1,818 | | | 785 | | | 245 | | | 47 | | | 2,895 | | Income (loss) before income taxes (benefit) and noncontrolling interests | | 465 | | | 1,228 | | | 133 | | | (98) | | | 1,728 | | Income taxes (benefit) | | 109 | | | 268 | | | 31 | | | (109) | | | 299 | | Net income | | 356 | | | 960 | | | 102 | | | 11 | | | 1,429 | | Less: Net income attributable to noncontrolling interests | | 16 | | | 4 | | | | | 1 | | | 21 | | Net income excluding noncontrolling interests | | $ | 340 | | | $ | 956 | | | $ | 102 | | | $ | 10 | | | $ | 1,408 | | Average Assets | | $ | 111,754 | | | $ | 200,724 | | | $ | 13,801 | | | $ | 223,817 | | | $ | 550,096 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a)There were no material intersegment revenues for the three months ended March 31, 2023 and 2022.
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