Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Results of Businesses

Table 79: Results of Businesses

Three months ended June 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2023
Income Statement
Net interest income	$	2,448	$	1,349	$	125	$	(412)	$	3,510
Noninterest income	702		821		228		32		1,783
Total revenue	3,150		2,170		353		(380)		5,293
Provision for (recapture of) credit losses	(14)		209		(10)		(39)		146
Depreciation and amortization	81		53		7		143		284
Other noninterest expense	1,823		868		273		124		3,088
Income (loss) before income taxes (benefit) and noncontrolling interests	1,260		1,040		83		(608)		1,775
Income taxes (benefit)	295		218		20		(258)		275
Net income (loss)	965		822		63		(350)		1,500
Less: Net income attributable to noncontrolling interests	11		5				1		17
Net income (loss) excluding noncontrolling interests	$	954	$	817	$	63	$	(351)	$	1,483
Average Assets	$	114,826	$	234,174	$	15,562	$	190,945	$	555,507
2022
Income Statement
Net interest income	$	1,662	$	1,232	$	153	$	4	$	3,051
Noninterest income	748		968		234		115		2,065
Total revenue	2,410		2,200		387		119		5,116
Provision for (recapture of) credit losses	55		(17)		5		(7)		36
Depreciation and amortization	83		51		8		147		289
Other noninterest expense	1,830		883		262		(20)		2,955
Income (loss) before income taxes (benefit) and noncontrolling interests	442		1,283		112		(1)		1,836
Income taxes (benefit)	105		277		26		(68)		340
Net income	337		1,006		86		67		1,496
Less: Net income (loss) attributable to noncontrolling interests	15		3				(3)		15
Net income excluding noncontrolling interests	$	322	$	1,003	$	86	$	70	$	1,481
Average Assets	$	113,068	$	219,513	$	14,449	$	199,848	$	546,878

(Continued from previous page)
Six months ended June 30 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2023
Income Statement
Net interest income	$	4,729	$	2,732	$	252	$	(618)	$	7,095
Noninterest income	1,445		1,707		458		191		3,801
Total revenue	6,174		4,439		710		(427)		10,896
Provision for (recapture of) credit losses	224		181		(1)		(23)		381
Depreciation and amortization	159		107		13		286		565
Other noninterest expense	3,672		1,753		547		156		6,128
Income (loss) before income taxes (benefit) and noncontrolling interests	2,119		2,398		151		(846)		3,822
Income taxes (benefit)	497		512		36		(417)		628
Net income (loss)	1,622		1,886		115		(429)		3,194
Less: Net income (loss) attributable to noncontrolling interests	21		10				3		34
Net income (loss) excluding noncontrolling interests	$	1,601	$	1,876	$	115	$	(432)	$	3,160
Average Assets	$	115,103	$	234,354	$	15,282	$	194,162	$	558,901
2022
Income Statement
Net interest income	$	3,193	$	2,375	$	291	$	(4)	$	5,855
Noninterest income	1,493		1,772		482		206		3,953
Total revenue	4,686		4,147		773		202		9,808
Provision for (recapture of) credit losses	(26)		(135)		7		(18)		(172)
Depreciation and amortization	157		103		14		292		566
Other noninterest expense	3,648		1,668		507		27		5,850
Income (loss) before income taxes (benefit) and noncontrolling interests	907		2,511		245		(99)		3,564
Income taxes (benefit)	214		545		57		(177)		639
Net income	693		1,966		188		78		2,925
Less: Net income (loss) attributable to noncontrolling interests	31		7				(2)		36
Net income excluding noncontrolling interests	$	662	$	1,959	$	188	$	80	$	2,889
Average Assets	$	112,415	$	210,171	$	14,126	$	212,415	$	549,127

(a)There were no material intersegment revenues for the three and six months ended June 30, 2023 and 2022.