Business Segments (Tables)

6 Months Ended

Jun. 30, 2025

The following table summarizes the impacts of the movements from the Commercial Banking segment to the Consumer & Small Business Banking segment for the years ended December 31:


($ in millions)	2024		2023	2022
Net interest income (FTE)	$	103	135	74
Income before income taxes (FTE)	68		105	43
Average assets	714		686	660

Results of Operations and Assets by Segment

The following tables present the results of operations and average assets by segment for the three months ended:


June 30, 2025 ($ in millions)	Commercial Banking		Consumer and Small Business Banking	Wealth and Asset Management	General Corporate and Other(c)	Total
Net interest income (FTE)(a)	$	595	1,085	57	(237)	1,500
Provision for (benefit from) credit losses	79		84	(2)	12	173
Net interest income after provision for (benefit from) credit losses	$	516	1,001	59	(249)	1,327
Noninterest income:
Wealth and asset management revenue	$	—	66	100	—	166
Commercial payments revenue	132		22	—	(2)	152
Consumer banking revenue	—		146	1	—	147
Capital markets fees	89		1	—	—	90
Commercial banking revenue	78		1	—	—	79
Mortgage banking net revenue	—		56	—	—	56
Other noninterest income	22		1	—	21	44
Securities gains, net	—		—	—	16	16

Total noninterest income	$	321	293	101	35	750
Noninterest expense:
Compensation and benefits	$	151	230	55	262	698
Technology and communications	3		8	—	115	126
Net occupancy expense	9		54	3	17	83
Equipment expense	8		13	—	20	41
Marketing expense	1		31	—	11	43
Loan and lease expense	8		21	—	7	36
Card and processing expense	3		19	—	—	22
Other noninterest expense(b)	270		270	37	(362)	215
Total noninterest expense	$	453	646	95	70	1,264
Income (loss) before income taxes (FTE)(a)	$	384	648	65	(284)	813
Average assets	$	78,309	55,696	4,855	71,694	210,554

(a)Includes FTE adjustments of $3 for Commercial Banking and $2 for General Corporate and Other.

(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.

(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.


June 30, 2024 ($ in millions)	Commercial Banking		Consumer and Small Business Banking	Wealth and Asset Management	General Corporate and Other(c)	Total
Net interest income (FTE)(a)	$	634	1,081	54	(376)	1,393
Provision for (benefit from) credit losses	137		70	—	(110)	97
Net interest income after provision for (benefit from) credit losses	$	497	1,011	54	(266)	1,296
Noninterest income:
Wealth and asset management revenue	$	1	62	96	—	159
Commercial payments revenue	132		22	—	—	154
Consumer banking revenue	—		138	1	—	139
Capital markets fees	91		1	1	—	93
Commercial banking revenue	89		1	—	—	90
Mortgage banking net revenue	—		50	—	—	50
Other noninterest income	14		1	—	(8)	7
Securities gains (losses), net	(7)		—	—	10	3

Total noninterest income	$	320	275	98	2	695
Noninterest expense:
Compensation and benefits	$	153	229	52	222	656
Technology and communications	3		8	—	103	114
Net occupancy expense	8		54	3	18	83
Equipment expense	7		13	—	18	38
Marketing expense	1		19	—	14	34
Loan and lease expense	6		22	—	5	33
Card and processing expense	2		19	—	—	21
Other noninterest expense(b)	265		274	38	(335)	242
Total noninterest expense	$	445	638	93	45	1,221
Income (loss) before income taxes (FTE)(a)	$	372	648	59	(309)	770
Average assets	$	76,912	51,837	4,283	79,443	212,475

(a)Includes FTE adjustments of $4 for Commercial Banking and $2 for General Corporate and Other.

(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.

(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.

The following tables present the results of operations and average assets by segment for the six months ended:


June 30, 2025 ($ in millions)	Commercial Banking		Consumer and Small Business Banking	Wealth and Asset Management	General Corporate and Other(c)	Total
Net interest income (FTE)(a)	$	1,147	2,060	106	(371)	2,942
Provision for (benefit from) credit losses	159		168	(2)	22	347
Net interest income after provision for (benefit from) credit losses	$	988	1,892	108	(393)	2,595
Noninterest income:
Wealth and asset management revenue	$	1	132	205	—	338
Commercial payments revenue	265		41	1	(2)	305
Consumer banking revenue	—		282	1	1	284
Capital markets fees	178		1	1	(1)	179
Commercial banking revenue	157		2	1	—	160
Mortgage banking net revenue	—		112	1	—	113
Other noninterest income	28		3	1	26	58
Securities gains (losses), net	(7)		—	—	14	7
Total noninterest income	$	622	573	211	38	1,444
Noninterest expense:
Compensation and benefits	$	329	465	117	536	1,447
Technology and communications	7		15	—	228	250
Net occupancy expense	18		108	7	38	171
Equipment expense	16		29	—	37	82
Marketing expense	2		50	—	19	71
Loan and lease expense	14		39	1	12	66
Card and processing expense	6		36	1	—	43
Other noninterest expense(b)	572		553	77	(764)	438
Total noninterest expense	$	964	1,295	203	106	2,568
Income (loss) before income taxes (FTE)(a)	$	646	1,170	116	(461)	1,471
Average assets	$	78,125	55,054	4,757	72,620	210,556

(a)Includes FTE adjustments of $6 for Commercial Banking and $4 for General Corporate and Other.

(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.

(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.


June 30, 2024 ($ in millions)	Commercial Banking		Consumer and Small Business Banking	Wealth and Asset Management	General Corporate and Other(c)	Total
Net interest income (FTE)(a)	$	1,298	2,232	112	(859)	2,783
Provision for (benefit from) credit losses	208		154	—	(171)	191
Net interest income after provision for (benefit from) credit losses	$	1,090	2,078	112	(688)	2,592
Noninterest income:
Wealth and asset management revenue	$	2	121	197	—	320
Commercial payments revenue	255		43	—	—	298
Consumer banking revenue	—		273	1	1	275
Capital markets fees	188		1	1	—	190
Commercial banking revenue	173		1	—	—	174
Mortgage banking net revenue	—		104	—	—	104
Other noninterest income	30		3	1	(2)	32
Securities gains (losses), net	(6)		—	—	19	13

Total noninterest income	$	642	546	200	18	1,406
Noninterest expense:
Compensation and benefits	$	339	466	114	490	1,409
Technology and communications	8		14	—	209	231
Net occupancy expense	18		107	6	39	170
Equipment expense	14		26	—	36	76
Marketing expense	1		42	—	23	66
Loan and lease expense	12		39	—	11	62
Card and processing expense	4		37	1	(1)	41
Other noninterest expense(b)	540		558	74	(665)	507
Total noninterest expense	$	936	1,289	195	142	2,562
Income (loss) before income taxes (FTE)(a)	$	796	1,335	117	(812)	1,436
Average assets	$	77,163	51,600	4,348	79,728	212,839

(a)Includes FTE adjustments of $8 for Commercial Banking and $4 for General Corporate and Other.

(b)Includes segment expenses which are classified as other noninterest expense and allocations of corporate and shared services expenses.

(c)General Corporate and Other is not a reportable segment and is presented for reconciliation purposes.