Results of Businesses |
Table 112: Results of Businesses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31 In millions | | Retail Banking | | Corporate & Institutional Banking | | Asset Management Group | | Other | | Consolidated (a) | 2023 | | | | | | | | | | | Income Statement | | | | | | | | | | | Net interest income | | $ | 9,974 | | | $ | 5,732 | | | $ | 547 | | | $ | (2,337) | | | $ | 13,916 | | Noninterest income | | 2,951 | | | 3,537 | | | 905 | | | 181 | | | 7,574 | | Total revenue | | 12,925 | | | 9,269 | | | 1,452 | | | (2,156) | | | 21,490 | | Provision for (recapture of) credit losses | | 396 | | | 398 | | | (3) | | | (49) | | | 742 | | Depreciation and amortization | | 330 | | | 211 | | | 30 | | | 578 | | | 1,149 | | Other noninterest expense | | 7,225 | | | 3,519 | | | 1,085 | | | 1,034 | | | 12,863 | | Income (loss) before income taxes (benefit) and noncontrolling interests | | 4,974 | | | 5,141 | | | 340 | | | (3,719) | | | 6,736 | | Income taxes (benefit) | | 1,163 | | | 1,073 | | | 80 | | | (1,227) | | | 1,089 | | Net income (loss) | | 3,811 | | | 4,068 | | | 260 | | | (2,492) | | | 5,647 | | Less: Net income attributable to noncontrolling interests | | 43 | | | 19 | | | | | | 7 | | | 69 | | Net income (loss) excluding noncontrolling interests | | $ | 3,768 | | | $ | 4,049 | | | $ | 260 | | | $ | (2,499) | | | $ | 5,578 | | Average Assets | | $ | 114,914 | | | $ | 233,337 | | | $ | 15,812 | | | $ | 194,707 | | | $ | 558,770 | | 2022 | | | | | | | | | | | Income Statement | | | | | | | | | | | Net interest income | | $ | 7,540 | | | $ | 5,179 | | | $ | 608 | | | $ | (313) | | | $ | 13,014 | | Noninterest income | | 2,967 | | | 3,621 | | | 936 | | | 582 | | | 8,106 | | Total revenue | | 10,507 | | | 8,800 | | | 1,544 | | | 269 | | | 21,120 | | Provision for (recapture of) credit losses | | 259 | | | 198 | | | 28 | | | (8) | | | 477 | | Depreciation and amortization | | 310 | | | 213 | | | 29 | | | 587 | | | 1,139 | | Other noninterest expense | | 7,288 | | | 3,438 | | | 1,057 | | | 248 | | | 12,031 | | Income (loss) before income taxes (benefit) and noncontrolling interests | | 2,650 | | | 4,951 | | | 430 | | | (558) | | | 7,473 | | Income taxes (benefit) operations | | 621 | | | 1,064 | | | 100 | | | (425) | | | 1,360 | | Net income (loss) | | 2,029 | | | 3,887 | | | 330 | | | (133) | | | 6,113 | | Less: Net income attributable to noncontrolling interests | | 55 | | | 17 | | | | | | | | | 72 | | Net income (loss) excluding noncontrolling interests | | $ | 1,974 | | | $ | 3,870 | | | $ | 330 | | | $ | (133) | | | $ | 6,041 | | Average Assets | | $ | 113,829 | | | $ | 219,941 | | | $ | 14,505 | | | $ | 202,377 | | | $ | 550,652 | | 2021 | | | | | | | | | | | Income Statement | | | | | | | | | | | Net interest income | | $ | 6,206 | | | $ | 4,526 | | | $ | 476 | | | $ | (561) | | | $ | 10,647 | | Noninterest income | | 2,796 | | | 3,783 | | | 987 | | | 998 | | | 8,564 | | Total revenue | | 9,002 | | | 8,309 | | | 1,463 | | | 437 | | | 19,211 | | Provision for (recapture of) credit losses | | (101) | | | (646) | | | (7) | | | (25) | | | (779) | | Depreciation and amortization | | 293 | | | 208 | | | 23 | | | 542 | | | 1,066 | | Other noninterest expense | | 6,623 | | | 3,271 | | | 918 | | | 1,124 | | | 11,936 | | Income (loss) before income taxes (benefit) and noncontrolling interests | | 2,187 | | | 5,476 | | | 529 | | | (1,204) | | | 6,988 | | Income taxes (benefit) | | 508 | | | 1,138 | | | 123 | | | (506) | | | 1,263 | | Net income (loss) | | 1,679 | | | 4,338 | | | 406 | | | (698) | | | 5,725 | | Less: Net income attributable to noncontrolling interests | | 31 | | | 14 | | | | | 6 | | | 51 | | Net income (loss) excluding noncontrolling interests | | $ | 1,648 | | | $ | 4,324 | | | $ | 406 | | | $ | (704) | | | $ | 5,674 | | Average Assets | | $ | 106,331 | | | $ | 188,470 | | | $ | 11,677 | | | $ | 216,688 | | | $ | 523,166 | |
(a) There were no material intersegment revenues for 2023, 2022 and 2021.
|