Operating Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents results by segment:

Three Months Ended June 30, (Dollars in millions)	CB&W				C&CB				IH				OT&C(1)				Total
	2023		2022		2023		2022		2023		2022		2023		2022		2023		2022
Net interest income (expense)	$	1,454	$	1,568	$	2,420	$	1,305	$	1	$	1	$	(250)	$	533	$	3,625	$	3,407
Net intersegment interest income (expense)	1,214		725		(720)		54		(85)		5		(409)		(784)		—		—
Segment net interest income	2,668		2,293		1,700		1,359		(84)		6		(659)		(251)		3,625		3,407
Allocated provision for credit losses	224		199		312		(27)		—		—		2		(1)		538		171
Segment net interest income after provision	2,444		2,094		1,388		1,386		(84)		6		(661)		(250)		3,087		3,236
Noninterest income	828		831		576		688		944		830		(55)		(101)		2,293		2,248
Amortization of intangibles	68		79		31		33		32		31		—		—		131		143
Other noninterest expense	1,980		1,848		841		782		673		579		123		228		3,617		3,437
Income (loss) before income taxes	1,224		998		1,092		1,259		155		226		(839)		(579)		1,632		1,904
Provision (benefit) for income taxes	293		238		212		273		—		55		(218)		(194)		287		372
Segment net income (loss)	$	931	$	760	$	880	$	986	$	155	$	171	$	(621)	$	(385)	$	1,345	$	1,532
Identifiable assets (period end)	$	163,940	$	165,962	$	209,824	$	197,672	$	9,500	$	7,090	$	171,285	$	174,399	$	554,549	$	545,123
Six Months Ended June 30, (Dollars in millions)	CB&W				C&CB				IH				OT&C(1)				Total
	2023		2022		2023		2022		2023		2022		2023		2022		2023		2022
Net interest income (expense)	$	3,057	$	3,095	$	4,726	$	2,424	$	2	$	1	$	(292)	$	1,070	$	7,493	$	6,590
Net intersegment interest income (expense)	2,359		1,387		(1,279)		220		(72)		7		(1,008)		(1,614)		—		—
Segment net interest income	5,416		4,482		3,447		2,644		(70)		8		(1,300)		(544)		7,493		6,590
Allocated provision for credit losses	498		272		544		(177)		—		—		(2)		(19)		1,040		76
Segment net interest income after provision	4,918		4,210		2,903		2,821		(70)		8		(1,298)		(525)		6,453		6,514
Noninterest income	1,701		1,742		1,206		1,344		1,761		1,563		(141)		(259)		4,527		4,390
Amortization of intangibles	137		153		62		66		68		61		—		—		267		280
Other noninterest expense	3,968		3,661		1,693		1,538		1,323		1,095		188		680		7,172		6,974
Income (loss) before income taxes	2,514		2,138		2,354		2,561		300		415		(1,627)		(1,464)		3,541		3,650
Provision (benefit) for income taxes	601		512		474		555		36		102		(430)		(467)		681		702
Segment net income (loss)	$	1,913	$	1,626	$	1,880	$	2,006	$	264	$	313	$	(1,197)	$	(997)	$	2,860	$	2,948
Identifiable assets (period end)	$	163,940	$	165,962	$	209,824	$	197,672	$	9,500	$	7,090	$	171,285	$	174,399	$	554,549	$	545,123

(1)Includes financial data from business units below the quantitative and qualitative thresholds requiring disclosure.