Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

Table 76: Results of Businesses


Three months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2022
Income Statement
Net interest income	$	2,017	$	1,345	$	165	$	(52)	$	3,475
Noninterest income	725		887		231		231		2,074
Total revenue	2,742		2,232		396		179		5,549
Provision for (recapture of) credit losses	92		150		4		(5)		241
Depreciation and amortization	76		50		6		145		277
Other noninterest expense	1,825		840		268		70		3,003
Income (loss) before income taxes (benefit) and noncontrolling interests	749		1,192		118		(31)		2,028
Income taxes (benefit)	175		258		28		(73)		388
Net income	574		934		90		42		1,640
Less: Net income (loss) attributable to noncontrolling interests	14		5				(3)		16
Net income excluding noncontrolling interests	$	560	$	929	$	90	$	45	$	1,624
Average Assets	$	114,619	$	224,984	$	14,820	$	192,674	$	547,097
2021
Income Statement
Net interest income	$	1,713	$	1,241	$	141	$	(239)	$	2,856
Noninterest income	662		1,056		256		367		2,341
Total revenue	2,375		2,297		397		128		5,197
Provision for (recapture of) credit losses	(113)		(99)		(6)		15		(203)
Depreciation and amortization	78		54		7		138		277
Other noninterest expense	1,811		926		248		325		3,310
Income (loss) before income taxes (benefit) and noncontrolling interests	599		1,416		148		(350)		1,813
Income taxes (benefit)	140		290		34		(141)		323
Net income (loss)	459		1,126		114		(209)		1,490
Less: Net income attributable to noncontrolling interests	12		3				1		16
Net income (loss) excluding noncontrolling interests	$	447	$	1,123	$	114	$	(210)	$	1,474
Average Assets	$	117,394	$	202,268	$	13,805	$	225,775	$	559,242


(Continued from previous page)
Nine months ended September 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2022
Income Statement
Net interest income	$	5,210	$	3,720	$	456	$	(56)	$	9,330
Noninterest income	2,218		2,659		713		437		6,027
Total revenue	7,428		6,379		1,169		381		15,357
Provision for (recapture of) credit losses	66		15		11		(23)		69
Depreciation and amortization	233		153		20		437		843
Other noninterest expense	5,473		2,508		775		97		8,853
Income (loss) before income taxes (benefit) and noncontrolling interests	1,656		3,703		363		(130)		5,592
Income taxes (benefit)	389		803		85		(250)		1,027
Net income	1,267		2,900		278		120		4,565
Less: Net income (loss) attributable to noncontrolling interests	45		12				(5)		52
Net income excluding noncontrolling interests	$	1,222	$	2,888	$	278	$	125	$	4,513
Average Assets	$	113,157	$	215,163	$	14,360	$	205,763	$	548,443
2021
Income Statement
Net interest income	$	4,572	$	3,315	$	346	$	(448)	$	7,785
Noninterest income	2,022		2,730		729		818		6,299
Total revenue	6,594		6,045		1,075		370		14,084
Provision for (recapture of) credit losses	(156)		(277)		8		(27)		(452)
Depreciation and amortization	214		152		16		385		767
Other noninterest expense	4,828		2,352		660		604		8,444
Income (loss) before income taxes (benefit) and noncontrolling interests	1,708		3,818		391		(592)		5,325
Income taxes (benefit)	396		818		91		(399)		906
Net income (loss)	1,312		3,000		300		(193)		4,419
Less: Net income attributable to noncontrolling interests	26		10				2		38
Net income (loss) excluding noncontrolling interests	$	1,286	$	2,990	$	300	$	(195)	$	4,381
Average Assets	$	103,820	$	184,964	$	11,124	$	211,056	$	510,964

(a)There were no material intersegment revenues for the three and nine months ended September 30, 2022 and 2021.