Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Results of Businesses

Results of our reportable business segments for the three months ended March 31, 2025 and 2024 are as follows:

Table 80: Business Segment Results

	Retail Banking				Corporate & Institutional Banking				Asset Management Group
Three months ended March 31 In millions	2025		2024		2025		2024		2025		2024
Net interest income	$	2,826	$	2,617	$	1,628	$	1,520	$	184	$	157
Noninterest income	706		764		978		888		243		230
Total revenue	3,532		3,381		2,606		2,408		427		387
Provision for (recapture of) credit losses	168		118		49		47		1		(5)
Noninterest expense
Personnel	548		551		376		366		121		121
Segment allocations (a)	938		894		383		366		117		107
Depreciation and amortization	89		79		51		50		8		7
Other (b)	328		313		146		140		33		30
Total noninterest expense	1,903		1,837		956		922		279		265
Income before income taxes and noncontrolling interests	1,461		1,426		1,601		1,439		147		127
Income taxes	340		333		353		313		34		30
Net income	1,121		1,093		1,248		1,126		113		97
Less: Net income attributable to noncontrolling interests	9		8		4		5		—		—
Net income excluding noncontrolling interests	$	1,112	$	1,085	$	1,244	$	1,121	$	113	$	97
Average Assets	$	112,971	$	114,199	$	227,069	$	228,698	$	16,702	$	16,728

(a)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.

(b)Other is primarily comprised of other direct expenses including outside services and equipment expense.

The following table represents reconciliations of financial results for the three reportable segments to our consolidated reporting.

Table 81: Reconciliation of Business Segment Results to Consolidated

Three months ended March 31 In millions	2025		2024
Revenues
Total business segment revenue	$	6,565	$	6,176
Revenues from other activities	(1,113)		(1,031)
Total revenue	$	5,452	$	5,145
Noninterest Expense
Total business segment noninterest expense	$	3,138	$	3,024
FDIC special assessment	—		130
Noninterest expense from other activities	249		180
Total noninterest expense	$	3,387	$	3,334
Net Income
Total business segment net income	$	2,482	$	2,316
FDIC special assessment	—		(130)
Net income (loss) from other activities	(983)		(842)
Net income	$	1,499	$	1,344
Average Assets
Total business segment average assets	$	356,742	$	359,625
Average assets from other activities	199,635		203,223
Total average assets	$	556,377	$	562,848