Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table presents a quarterly summary of selected financial information for HUSI:

	2019										2018
	Fourth			Third			Second		First		Fourth		Third		Second			First
	(in millions)
Net interest income	$	507		$	503		$	540	$	562	$	586	$	559	$	555		$	552
Provision for credit losses	(3		)	94			46		58		23		20		(45		)	(71		)
Net interest income after provision for credit losses	510			409			494		504		563		539		600			623
Other revenues	542			486			436		390		363		486		537			513
Operating expenses	871			1,106			774		750		780		790		786			1,282
Income (loss) before income tax	181			(211		)	156		144		146		235		351			(146		)
Income tax expense	48			39			35		35		34		58		82			92
Net income (loss)	$	133		$	(250	)	$	121	$	109	$	112	$	177	$	269		$	(238	)