Business Segments (Tables)

6 Months Ended

Jun. 30, 2022

Schedule Of Operating Results And Other Key Financial Measures For The Individual Operating Segments

The following tables present the operating results and other key financial measures for the individual operating segments as of and for the three and six months ended June 30, 2022 and 2021:



($ in thousands)	Consumer and Business Banking		Commercial Banking		Other		Total
Three Months Ended June 30, 2022






Net interest income (loss) before provision for credit losses	$	284,373	$	230,964	$	(42,385)	$	472,952
Provision for credit losses	2,898		10,602		—		13,500
Noninterest income	28,384		48,032		2,028		78,444
Noninterest expense	94,295		81,023		21,542		196,860
Segment income (loss) before income taxes	215,564		187,371		(61,899)		341,036

Segment net income (loss)	$	153,549	$	133,861	$	(29,081)	$	258,329
As of June 30, 2022

Segment assets	$	16,472,373	$	32,256,044	$	13,665,866	$	62,394,283



($ in thousands)	Consumer and Business Banking		Commercial Banking		Other		Total
Three Months Ended June 30, 2021






Net interest income before provision for (reversal of) credit losses	$	173,775	$	192,696	$	10,002	$	376,473
Provision for (reversal of) credit losses	2,358		(17,358)		—		(15,000)
Noninterest income (1)	24,332		32,674		11,425		68,431
Noninterest expense	87,650		64,164		37,709		189,523
Segment income (loss) before income taxes (1)	108,099		178,564		(16,282)		270,381

Segment net income (1)	$	77,429	$	127,873	$	19,440	$	224,742
As of June 30, 2021

Segment assets	$	14,594,087	$	27,354,253	$	17,906,536	$	59,854,876


($ in thousands)	Consumer and Business Banking		Commercial Banking		Other		Total
Six Months Ended June 30, 2022






Net interest income (loss) before provision for credit losses	$	497,587	$	439,041	$	(48,063)	$	888,565
Provision for credit losses	6,002		15,498		—		21,500
Noninterest income	53,583		97,109		7,495		158,187
Noninterest expense	190,390		154,418		41,502		386,310
Segment income (loss) before income taxes	354,778		366,234		(82,070)		638,942

Segment net income (loss)	$	252,713	$	261,368	$	(18,100)	$	495,981
As of June 30, 2022

Segment assets	$	16,472,373	$	32,256,044	$	13,665,866	$	62,394,283


($ in thousands)	Consumer and Business Banking		Commercial Banking		Other		Total
Six Months Ended June 30, 2021






Net interest income before reversal of credit losses	$	323,674	$	369,788	$	36,706	$	730,168
Reversal of credit losses	(1,891)		(13,109)		—		(15,000)
Noninterest income (1)	47,774		80,070		13,453		141,297
Noninterest expense	176,936		133,421		70,243		380,600
Segment income (loss) before income taxes (1)	196,403		329,546		(20,084)		505,865

Segment net income (1)	$	140,680	$	236,080	$	52,976	$	429,736
As of June 30, 2021

Segment assets	$	14,594,087	$	27,354,253	$	17,906,536	$	59,854,876

(1)During the fourth quarter of 2021, the Company enhanced its segment allocation methodology related to the fair values of interest rate and commodity derivative contracts, which are included in noninterest income. These fair values, which were previously allocated to the “Commercial Banking” segment prior to the fourth quarter of 2021, have since been reclassified between “Consumer and Business Banking” and “Commercial Banking.” Balances for the second quarter and first half of 2021 have been reclassified to reflect these allocation changes for comparability.