BUSINESS SEGMENT INFORMATION

Segment Profit and Assets

The following table presents segment data related to continuing operations. Refer to Note 25 — Business Segment Information in our Annual Report on Form 10-K for the year ended December 31, 2016 for further detailed information.



Segment Pre-tax Income (Loss) (dollars in millions)

	Commercial Banking			Consumer Banking			Non-Strategic Portfolios			Corporate and Other			Total CIT
Quarter Ended June 30, 2017
Interest income	$	316.6		$	101.6		$	6.2		$	53.8		$	478.2
Interest (expense) benefit	(127.8		)	9.6			(5.0		)	(86.0		)	(209.2		)
Provision for credit losses	0.2			(4.6		)	—			—			(4.4		)
Rental income on operating leases	251.2			—			—			—			251.2
Other non-interest income	74.8			5.7			0.2			3.9			84.6
Depreciation on operating lease equipment	(77.4		)	—			—			—			(77.4		)
Maintenance and other operating lease expenses	(53.3		)	—			—			—			(53.3		)
Operating expenses / loss on debt extinguishment and deposit redemption	(176.5		)	(96.2		)	(1.8		)	(185.9		)	(460.4		)
Income (loss) from continuing operations before (provision) benefit for income taxes	$	207.8		$	16.1		$	(0.4	)	$	(214.2	)	$	9.3
Quarter Ended June 30, 2016
Interest income	$	323.4		$	103.5		$	23.2		$	28.6		$	478.7
Interest expense	(130.3		)	(4.8		)	(13.8		)	(42.7		)	(191.6		)
Provision for credit losses	(22.2		)	(1.1		)	—			—			(23.3		)
Rental income on operating leases	257.0			—			4.0			—			261.0
Other non-interest income	68.0			11.7			6.7			13.4			99.8
Depreciation on operating lease equipment	(63.1		)	—			—			—			(63.1		)
Maintenance and other operating lease expenses	(50.6		)	—			—			—			(50.6		)
Operating expenses / loss on debt extinguishment	(188.0		)	(86.0		)	(12.0		)	(25.7		)	(311.7		)
Income (loss) from continuing operations before (provision) benefit for income taxes	$	194.2		$	23.3		$	8.1		$	(26.4	)	$	199.2



Segment Pre-tax Income (Loss) continued (dollars in millions)
	Commercial Banking			Consumer Banking			Non-Strategic Portfolios			Corporate and Other			Total CIT
Six Months Ended June 30, 2017
Interest income	$	624.1		$	201.6		$	13.2		$	95.0		$	933.9
Interest (expense) benefit	(247.6		)	16.1			(10.0		)	(130.8		)	(372.3		)
Provision for credit losses	(49.0		)	(5.1		)	—			—			(54.1		)
Rental income on operating leases	502.5			—			—			—			502.5
Other non-interest income	147.1			13.6			(2.7		)	5.7			163.7
Depreciation on operating lease equipment	(150.9		)	—			—			—			(150.9		)
Maintenance and other operating lease expenses	(107.1		)	—			—			—			(107.1		)
Operating expenses / loss on debt extinguishment and deposit redemption	(355.2		)	(191.8		)	(3.8		)	(221.2		)	(772.0		)
Income (loss) from continuing operations before (provision) benefit for income taxes	$	363.9		$	34.4		$	(3.3	)	$	(251.3	)	$	143.7
Select Period End Balances
Loans	$	22,341.2		$	6,690.5		$	—		$	—		$	29,031.7
Credit balances of factoring clients	1,405.3			—			—			—			1,405.3
Assets held for sale	1,153.8			56.4			114.6			—			1,324.8
Operating lease equipment, net	6,736.0			—			—			—			6,736.0
Six Months Ended June 30, 2016
Interest income	$	647.3		$	208.8		$	48.2		$	57.3		$	961.6
Interest expense	(260.4		)	(12.8		)	(28.3		)	(85.1		)	(386.6		)
Provision for credit losses	(108.6		)	(4.2		)	—			—			(112.8		)
Rental income on operating leases	517.3			—			7.8			—			525.1
Other non-interest income	126.0			19.9			21.2			17.5			184.6
Depreciation on operating lease equipment	(124.4		)	—			—			—			(124.4		)
Maintenance and other operating lease expenses	(99.5		)	—			—			—			(99.5		)
Operating expenses / loss on debt extinguishment	(385.4		)	(171.1		)	(24.2		)	(62.7		)	(643.4		)
Income (loss) from continuing operations before (provision) benefit for income taxes	$	312.3		$	40.6		$	24.7		$	(73.0	)	$	304.6
Select Period End Balances
Loans	$	22,973.7		$	7,120.1		$	—		$	—		$	30,093.8
Credit balances of factoring clients	1,215.2			—			—			—			1,215.2
Assets held for sale	508.2			37.8			1,093.1			—			1,639.1
Operating lease equipment, net	7,179.1			—			—			—			7,179.1