Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Table 77: Results of Businesses


Three months ended March 31 In millions	Retail Banking		Corporate & Institutional Banking		Asset Management Group		Other		Consolidated (a)
2024
Income Statement
Net interest income	$	2,617	$	1,520	$	157	$	(1,030)	$	3,264
Noninterest income	764		888		230		(1)		1,881
Total revenue	3,381		2,408		387		(1,031)		5,145
Provision for (recapture of) credit losses	118		47		(5)		(5)		155
Depreciation and amortization	79		50		7		144		280
Other noninterest expense	1,758		872		258		166		3,054
Income (loss) before income taxes (benefit) and noncontrolling interests	1,426		1,439		127		(1,336)		1,656
Income taxes (benefit)	333		313		30		(364)		312
Net income (loss)	1,093		1,126		97		(972)		1,344
Less: Net income attributable to noncontrolling interests	8		5				1		14
Net income (loss) excluding noncontrolling interests	$	1,085	$	1,121	$	97	$	(973)	$	1,330
Average Assets	$	114,199	$	228,698	$	16,728	$	203,223	$	562,848
2023
Income Statement
Net interest income	$	2,281	$	1,383	$	127	$	(206)	$	3,585
Noninterest income	743		886		230		159		2,018
Total revenue	3,024		2,269		357		(47)		5,603
Provision for (recapture of) credit losses	238		(28)		9		16		235
Depreciation and amortization	78		54		6		143		281
Other noninterest expense	1,849		885		274		32		3,040
Income (loss) before income taxes (benefit) and noncontrolling interests	859		1,358		68		(238)		2,047
Income taxes (benefit)	202		294		16		(159)		353
Net income (loss)	657		1,064		52		(79)		1,694
Less: Net income attributable to noncontrolling interests	10		5				2		17
Net income (loss) excluding noncontrolling interests	$	647	$	1,059	$	52	$	(81)	$	1,677
Average Assets	$	115,384	$	234,536	$	14,997	$	197,415	$	562,332

(a)There were no material intersegment revenues for the three months ended March 31, 2024 and 2023.