Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

Table 79: Results of Businesses


Three months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2023
Income Statement
Net interest income	$	2,576	$	1,390	$	139	$	(687)	$	3,418
Noninterest income	784		835		223		(27)		1,815
Total revenue	3,360		2,225		362		(714)		5,233
Provision for (recapture of) credit losses	42		102		(4)		(11)		129
Depreciation and amortization	80		52		9		144		285
Other noninterest expense	1,796		843		262		59		2,960
Income (loss) before income taxes (benefit) and noncontrolling interests	1,442		1,228		95		(906)		1,859
Income taxes (benefit)	337		263		22		(333)		289
Net income (loss)	1,105		965		73		(573)		1,570
Less: Net income attributable to noncontrolling interests	11		5						16
Net income (loss) excluding noncontrolling interests	$	1,094	$	960	$	73	$	(573)	$	1,554
Average Assets	$	114,724	$	230,082	$	16,161	$	193,996	$	554,963
2022
Income Statement
Net interest income	$	2,017	$	1,345	$	165	$	(52)	$	3,475
Noninterest income	725		887		231		231		2,074
Total revenue	2,742		2,232		396		179		5,549
Provision for (recapture of) credit losses	92		150		4		(5)		241
Depreciation and amortization	76		50		6		145		277
Other noninterest expense	1,825		840		268		70		3,003
Income (loss) before income taxes (benefit) and noncontrolling interests	749		1,192		118		(31)		2,028
Income taxes (benefit)	175		258		28		(73)		388
Net income	574		934		90		42		1,640
Less: Net income (loss) attributable to noncontrolling interests	14		5				(3)		16
Net income excluding noncontrolling interests	$	560	$	929	$	90	$	45	$	1,624
Average Assets	$	114,619	$	224,984	$	14,820	$	192,674	$	547,097


(Continued from previous page)
Nine months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2023
Income Statement
Net interest income	$	7,305	$	4,122	$	391	$	(1,305)	$	10,513
Noninterest income	2,229		2,542		681		164		5,616
Total revenue	9,534		6,664		1,072		(1,141)		16,129
Provision for (recapture of) credit losses	266		283		(5)		(34)		510
Depreciation and amortization	239		159		22		430		850
Other noninterest expense	5,468		2,596		809		215		9,088
Income (loss) before income taxes (benefit) and noncontrolling interests	3,561		3,626		246		(1,752)		5,681
Income taxes (benefit)	834		775		58		(750)		917
Net income (loss)	2,727		2,851		188		(1,002)		4,764
Less: Net income attributable to noncontrolling interests	32		15				3		50
Net income (loss) excluding noncontrolling interests	$	2,695	$	2,836	$	188	$	(1,005)	$	4,714
Average Assets	$	114,975	$	232,914	$	15,578	$	194,107	$	557,574
2022
Income Statement
Net interest income	$	5,210	$	3,720	$	456	$	(56)	$	9,330
Noninterest income	2,218		2,659		713		437		6,027
Total revenue	7,428		6,379		1,169		381		15,357
Provision for (recapture of) credit losses	66		15		11		(23)		69
Depreciation and amortization	233		153		20		437		843
Other noninterest expense	5,473		2,508		775		97		8,853
Income (loss) before income taxes (benefit) and noncontrolling interests	1,656		3,703		363		(130)		5,592
Income taxes (benefit)	389		803		85		(250)		1,027
Net income	1,267		2,900		278		120		4,565
Less: Net income (loss) attributable to noncontrolling interests	45		12				(5)		52
Net income excluding noncontrolling interests	$	1,222	$	2,888	$	278	$	125	$	4,513
Average Assets	$	113,157	$	215,163	$	14,360	$	205,763	$	548,443

(a)There were no material intersegment revenues for the three and nine months ended September 30, 2023 and 2022.