Business Segments (Tables)

9 Months Ended

Sep. 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:


September 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)	$	594	1,082	55	(206)	1,525
Provision for (benefit from) credit losses	246		73	—	(122)	197
Net interest income after provision for (benefit from) credit losses	$	348	1,009	55	(84)	1,328
Noninterest income:
Wealth and asset management revenue	$	1	73	107	—	181
Commercial payments revenue	140		22	—	(5)	157
Consumer banking revenue	—		144	1	(1)	144
Capital markets fees	114		1	—	—	115
Commercial banking revenue	86		1	—	—	87
Mortgage banking net revenue	—		58	—	—	58
Other noninterest income	16		10	1	2	29
Securities gains, net	—		—	—	10	10

Total noninterest income	$	357	309	109	6	781
Noninterest expense:
Compensation and benefits	$	151	232	53	249	685
Technology and communications	5		8	—	115	128
Net occupancy expense	9		55	3	22	89
Equipment expense	8		14	—	22	44
Loan and lease expense	10		22	—	7	39
Marketing expense	1		20	—	13	34
Card and processing expense	3		19	—	—	22
Other noninterest expense(b)	267		283	37	(361)	226
Total noninterest expense	$	454	653	93	67	1,267
Income (loss) before income taxes (FTE)(a)	$	251	665	71	(145)	842
Average assets	$	77,603	56,762	4,910	72,495	211,770

(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.


September 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)	$	648	1,056	50	(327)	1,427
Provision for credit losses	76		78	—	6	160
Net interest income after provision for credit losses	$	572	978	50	(333)	1,267
Noninterest income:
Wealth and asset management revenue	$	1	64	98	—	163
Commercial payments revenue	131		22	—	1	154
Consumer banking revenue	—		142	1	—	143
Capital markets fees	110		1	—	—	111
Commercial banking revenue	92		1	—	—	93
Mortgage banking net revenue	—		50	—	—	50
Other noninterest (loss) income	11		3	—	(27)	(13)
Securities gains, net	9		—	—	1	10

Total noninterest income	$	354	283	99	(25)	711
Noninterest expense:
Compensation and benefits	$	148	209	54	279	690
Technology and communications	3		7	—	111	121
Net occupancy expense	9		52	3	17	81
Equipment expense	7		13	—	18	38
Loan and lease expense	8		21	—	5	34
Marketing expense	1		15	—	10	26
Card and processing expense	2		20	—	—	22
Other noninterest expense(b)	282		277	38	(365)	232
Total noninterest expense	$	460	614	95	75	1,244
Income (loss) before income taxes (FTE)(a)	$	466	647	54	(433)	734
Average assets	$	75,550	52,552	4,374	81,362	213,838

(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 nine months ended:


September 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)	$	1,742	3,141	161	(576)	4,468
Provision for (benefit from) credit losses	405		241	(2)	(100)	544
Net interest income after provision for (benefit from) credit losses	$	1,337	2,900	163	(476)	3,924
Noninterest income:
Wealth and asset management revenue	$	1	206	312	—	519
Commercial payments revenue	404		64	1	(7)	462
Consumer banking revenue	—		426	2	—	428
Capital markets fees	292		2	1	(1)	294
Commercial banking revenue	243		3	1	—	247
Mortgage banking net revenue	—		170	1	—	171
Other noninterest income	44		13	2	27	86
Securities gains (losses), net	(7)		—	—	24	17
Total noninterest income	$	977	884	320	43	2,224
Noninterest expense:
Compensation and benefits	$	480	697	170	785	2,132
Technology and communications	10		24	—	344	378
Net occupancy expense	27		163	10	60	260
Equipment expense	24		43	—	59	126
Loan and lease expense	25		61	1	18	105
Marketing expense	4		69	—	32	105
Card and processing expense	9		55	1	—	65
Other noninterest expense(b)	839		836	114	(1,125)	664
Total noninterest expense	$	1,418	1,948	296	173	3,835
Income (loss) before income taxes (FTE)(a)	$	896	1,836	187	(606)	2,313
Average assets	$	77,949	55,630	4,808	72,578	210,965

(a)Includes FTE adjustments of $9 for Commercial Banking and $6 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.


September 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)	$	1,946	3,287	162	(1,185)	4,210
Provision for (benefit from) credit losses	284		232	—	(165)	351
Net interest income after provision for (benefit from) credit losses	$	1,662	3,055	162	(1,020)	3,859
Noninterest income:
Wealth and asset management revenue	$	2	185	296	—	483
Commercial payments revenue	386		65	1	1	453
Consumer banking revenue	—		415	2	1	418
Capital markets fees	298		2	1	—	301
Commercial banking revenue	265		2	—	—	267
Mortgage banking net revenue	—		153	1	—	154
Other noninterest income (loss)	42		5	1	(30)	18
Securities gains, net	3		—	—	20	23

Total noninterest income	$	996	827	302	(8)	2,117
Noninterest expense:
Compensation and benefits	$	487	675	168	769	2,099
Technology and communications	10		22	1	318	351
Net occupancy expense	26		160	9	56	251
Equipment expense	21		38	—	55	114
Loan and lease expense	20		61	—	15	96
Marketing expense	2		55	1	34	92
Card and processing expense	6		57	1	(1)	63
Other noninterest expense(b)	822		834	112	(1,027)	741
Total noninterest expense	$	1,394	1,902	292	219	3,807
Income (loss) before income taxes (FTE)(a)	$	1,264	1,980	172	(1,247)	2,169
Average assets	$	76,621	51,920	4,357	80,276	213,174

(a)Includes FTE adjustments of $11 for Commercial Banking and $7 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.