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 September 30, 2017
Interest income	$	309.4		$	92.2		$	4.6		$	47.8		$	454.0
Interest (expense) benefit	(131.3		)	16.0			(3.0		)	(58.4		)	(176.7		)
Provision for credit losses	(11.1		)	(19.0		)	—			—			(30.1		)
Rental income on operating leases	252.3			—			—			—			252.3
Other non-interest income	70.9			(22.7		)	4.9			10.2			63.3
Depreciation on operating lease equipment	(71.1		)	—			—			—			(71.1		)
Maintenance and other operating lease expenses	(57.9		)	—			—			—			(57.9		)
Operating expenses / loss on debt extinguishment and deposit redemption	(168.6		)	(106.2		)	(9.2		)	(46.8		)	(330.8		)
Income (loss) from continuing operations before (provision) benefit for income taxes	$	192.6		$	(39.7	)	$	(2.7	)	$	(47.2	)	$	103.0
Quarter Ended September 30, 2016
Interest income	$	318.6		$	105.1		$	22.7		$	29.3		$	475.7
Interest expense	(131.8		)	(1.0		)	(12.7		)	(42.7		)	(188.2		)
Provision for credit losses	(43.6		)	(1.6		)	0.1			—			(45.1		)
Rental income on operating leases	250.4			—			3.9			—			254.3
Other non-interest income	76.2			13.1			4.9			(10.6		)	83.6
Depreciation on operating lease equipment	(66.9		)	—			—			—			(66.9		)
Maintenance and other operating lease expenses	(56.6		)	—			—			—			(56.6		)
Operating expenses / loss on debt extinguishment	(193.0		)	(87.1		)	(11.2		)	(16.8		)	(308.1		)
Income (loss) from continuing operations before (provision) benefit for income taxes	$	153.3		$	28.5		$	7.7		$	(40.8	)	$	148.7



Segment Pre-tax Income (Loss) continued (dollars in millions)
	Commercial Banking			Consumer Banking			Non-Strategic Portfolios			Corporate and Other			Total CIT
Nine Months Ended September 30, 2017
Interest income	$	933.5		$	293.8		$	17.8		$	142.8		$	1,387.9
Interest (expense) benefit	(378.9		)	32.1			(13.0		)	(189.2		)	(549.0		)
Provision for credit losses	(60.1		)	(24.1		)	—			—			(84.2		)
Rental income on operating leases	754.8			—			—			—			754.8
Other non-interest income	218.0			(9.1		)	2.2			15.9			227.0
Depreciation on operating lease equipment	(222.0		)	—			—			—			(222.0		)
Maintenance and other operating lease expenses	(165.0		)	—			—			—			(165.0		)
Operating expenses / loss on debt extinguishment and deposit redemption	(523.8		)	(298.0		)	(13.0		)	(268.0		)	(1,102.8		)
Income (loss) from continuing operations before (provision) benefit for income taxes	$	556.5		$	(5.3	)	$	(6.0	)	$	(298.5	)	$	246.7
Select Period End Balances
Loans	$	22,692.6		$	5,812.7		$	—		$	—		$	28,505.3
Credit balances of factoring clients	1,698.5			—			—			—			1,698.5
Assets held for sale	1,208.3			865.9			87.8			—			2,162.0
Operating lease equipment, net	6,724.2			—			—			—			6,724.2
Nine Months Ended September 30, 2016
Interest income	$	965.9		$	313.9		$	70.9		$	86.6		$	1,437.3
Interest expense	(392.2		)	(13.8		)	(41.0		)	(127.8		)	(574.8		)
Provision for credit losses	(152.2		)	(5.8		)	0.1			—			(157.9		)
Rental income on operating leases	767.8			—			11.6			—			779.4
Other non-interest income	202.2			33.0			26.1			6.9			268.2
Depreciation on operating lease equipment	(191.3		)	—			—			—			(191.3		)
Maintenance and other operating lease expenses	(156.1		)	—			—			—			(156.1		)
Operating expenses / loss on debt extinguishment	(578.4		)	(258.2		)	(35.4		)	(79.5		)	(951.5		)
Income (loss) from continuing operations before (provision) benefit for income taxes	$	465.7		$	69.1		$	32.3		$	(113.8	)	$	453.3
Select Period End Balances
Loans	$	22,780.9		$	7,116.1		$	—		$	—		$	29,897.0
Credit balances of factoring clients	1,228.9			—			—			—			1,228.9
Assets held for sale	360.9			41.7			1,004.1			—			1,406.7
Operating lease equipment, net	7,383.1			—			—			—			7,383.1