Business Segments (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021:



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






Net interest income before provision for credit losses	$	326,411	$	222,996	$	2,402	$	551,809
Provision for credit losses	8,974		18,026		—		27,000
Noninterest income (loss)	30,819		48,641		(3,908)		75,552
Noninterest expense	104,005		81,386		30,582		215,973
Segment income (loss) before income taxes	244,251		172,225		(32,088)		384,388

Segment net income (loss)	$	173,982	$	122,869	$	(1,512)	$	295,339
As of September 30, 2022

Segment assets	$	17,002,000	$	32,836,381	$	12,737,680	$	62,576,061



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






Net interest income before provision for (reversal of) credit losses	$	176,678	$	189,791	$	29,237	$	395,706
Provision for (reversal of) credit losses	1,293		(11,293)		—		(10,000)
Noninterest income (1)	22,099		43,272		7,738		73,109
Noninterest expense	90,575		66,731		48,078		205,384
Segment income (loss) before income taxes (1)	106,909		177,625		(11,103)		273,431

Segment net income (1)	$	76,577	$	126,984	$	21,888	$	225,449
As of September 30, 2021

Segment assets	$	14,687,023	$	27,861,690	$	18,410,397	$	60,959,110


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






Net interest income (loss) before provision for credit losses	$	823,998	$	662,037	$	(45,661)	$	1,440,374
Provision for credit losses	14,976		33,524		—		48,500
Noninterest income	84,402		145,750		3,587		233,739
Noninterest expense	294,395		235,804		72,084		602,283
Segment income (loss) before income taxes	599,029		538,459		(114,158)		1,023,330

Segment net income (loss)	$	426,695	$	384,237	$	(19,612)	$	791,320
As of September 30, 2022

Segment assets	$	17,002,000	$	32,836,381	$	12,737,680	$	62,576,061


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






Net interest income before reversal of credit losses	$	500,352	$	559,579	$	65,943	$	1,125,874
Reversal of credit losses	(598)		(24,402)		—		(25,000)
Noninterest income (1)	69,873		123,342		21,191		214,406
Noninterest expense	267,511		204,042		114,431		585,984
Segment income (loss) before income taxes (1)	303,312		503,281		(27,297)		779,296

Segment net income (1)	$	217,257	$	360,275	$	77,653	$	655,185
As of September 30, 2021

Segment assets	$	14,687,023	$	27,861,690	$	18,410,397	$	60,959,110

(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 third quarter and nine months of 2021 have been reclassified to reflect these allocation changes for comparability.