Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

The following table presents the condensed income statement by segment:


dollars in millions	Three Months Ended June 30, 2023
	General Banking		Commercial Banking		Silicon Valley Banking		Rail		Corporate		Total BancShares
Net interest income (expense)	$	603	$	258	$	635	$	(33)	$	498	$	1,961
Provision (benefit) for credit losses	29		170		(47)		—		(1)		151
Net interest income (expense) after provision for credit losses	574		88		682		(33)		499		1,810
Noninterest income	119		139		169		178		53		658
Noninterest expense	393		188		592		121		278		1,572
Income before income taxes	300		39		259		24		274		896
Income tax expense	73		11		70		6		54		214
Net income	$	227	$	28	$	189	$	18	$	220	$	682
Select Period End Balances
Loans and leases	$	44,719	$	29,433	$	58,799	$	64	$	—	$	133,015
Deposits	95,323		3,064		40,860		11		1,906		141,164
Operating lease equipment, net	—		741		—		7,790		—		8,531

	Three Months Ended June 30, 2022
	General Banking		Commercial Banking		Silicon Valley Banking		Rail		Corporate		Total BancShares
Net interest income (expense)	$	467	$	204	$	—	$	(18)	$	47	$	700
Provision for credit losses	7		35		—		—		—		42
Net interest income (expense) after provision for credit losses	460		169		—		(18)		47		658
Noninterest income	125		130		—		160		9		424
Noninterest expense	390		180		—		111		64		745
Income (loss) before income taxes	195		119		—		31		(8)		337
Income tax expense	40		24		—		7		11		82
Net income (loss)	$	155	$	95	$	—	$	24	$	(19)	$	255
Select Period End Balances
Loans and leases	$	40,159	$	27,505	$	—	$	71	$	—	$	67,735
Deposits	83,518		4,466		—		11		1,334		89,329
Operating lease equipment, net	—		724		—		7,247		—		7,971


	Six Months Ended June 30, 2023
	General Banking		Commercial Banking		Silicon Valley Banking		Rail		Corporate		Total BancShares
Net interest income (expense)	$	1,163	$	498	$	700	$	(61)	$	511	$	2,811
Provision (benefit) for credit losses	43		219		(47)		—		719		934
Net interest income (expense) after provision for credit losses	1,120		279		747		(61)		(208)		1,877
Noninterest income	235		282		183		355		9,862		10,917
Noninterest expense	788		399		625		241		374		2,427
Income before income taxes	567		162		305		53		9,280		10,367
Income tax expense (benefit)	138		40		81		13		(105)		167
Net income	$	429	$	122	$	224	$	40	$	9,385	$	10,200

	Six Months Ended June 30, 2022
	General Banking		Commercial Banking		Silicon Valley Banking		Rail		Corporate		Total BancShares
Net interest income (expense)	$	904	$	411	$	—	$	(37)	$	71	$	1,349
(Benefit) provision for credit losses	(8)		1		—		—		513		506
Net interest income (expense) after provision for credit losses	912		410		—		(37)		(442)		843
Noninterest income	248		242		—		322		462		1,274
Noninterest expense	799		371		—		211		174		1,555
Income (loss) before income taxes	361		281		—		74		(154)		562
Income tax expense (benefit)	80		65		—		18		(127)		36
Net income (loss)	$	281	$	216	$	—	$	56	$	(27)	$	526