Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

The following table presents the condensed income statement by segment:


dollars in millions	Three Months Ended September 30, 2023
	General Banking		Commercial Banking		Silicon Valley Banking		Rail		Corporate		Total BancShares
Net interest income (expense)	$	625	$	249	$	635	$	(40)	$	521	$	1,990
Provision (benefit) for credit losses	7		132		56		—		(3)		192
Net interest income (expense) after provision for credit losses	618		117		579		(40)		524		1,798
Noninterest income	125		139		151		194		6		615
Noninterest expense	411		205		514		116		170		1,416
Income before income taxes	332		51		216		38		360		997
Income tax expense	91		14		59		10		71		245
Net income	$	241	$	37	$	157	$	28	$	289	$	752
Select Period End Balances
Loans and leases	$	46,077	$	30,220	$	56,864	$	41	$	—	$	133,202
Deposits	101,021		3,370		39,970		12		1,860		146,233
Operating lease equipment, net	—		739		—		7,922		—		8,661

	Three Months Ended September 30, 2022
	General Banking		Commercial Banking		Silicon Valley Banking		Rail		Corporate		Total BancShares
Net interest income (expense)	$	495	$	230	$	—	$	(20)	$	90	$	795
Provision for credit losses	2		58		—		—		—		60
Net interest income (expense) after provision for credit losses	493		172		—		(20)		90		735
Noninterest income	118		133		—		170		12		433
Noninterest expense	400		186		—		110		64		760
Income (loss) before income taxes	211		119		—		40		38		408
Income tax expense	55		24		—		10		4		93
Net income (loss)	$	156	$	95	$	—	$	30	$	34	$	315
Select Period End Balances
Loans and leases	$	41,693	$	28,023	$	—	$	74	$	—	$	69,790
Deposits	82,731		3,682		—		14		1,126		87,553
Operating lease equipment, net	—		736		—		7,248		—		7,984


	Nine Months Ended September 30, 2023
	General Banking		Commercial Banking		Silicon Valley Banking		Rail		Corporate		Total BancShares
Net interest income (expense)	$	1,790	$	744	$	1,335	$	(101)	$	1,033	$	4,801
Provision for credit losses	48		353		9		—		716		1,126
Net interest income (expense) after provision for credit losses	1,742		391		1,326		(101)		317		3,675
Noninterest income	362		420		334		549		9,867		11,532
Noninterest expense	1,192		615		1,139		357		540		3,843
Income before income taxes	912		196		521		91		9,644		11,364
Income tax expense (benefit)	228		55		140		23		(34)		412
Net income	$	684	$	141	$	381	$	68	$	9,678	$	10,952

	Nine Months Ended September 30, 2022
	General Banking		Commercial Banking		Silicon Valley Banking		Rail		Corporate		Total BancShares
Net interest income (expense)	$	1,400	$	641	$	—	$	(58)	$	161	$	2,144
(Benefit) provision for credit losses	(7)		60		—		—		513		566
Net interest income (expense) after provision for credit losses	1,407		581		—		(58)		(352)		1,578
Noninterest income	371		376		—		493		467		1,707
Noninterest expense	1,192		555		—		320		248		2,315
Income (loss) before income taxes	586		402		—		115		(133)		970
Income tax expense (benefit)	143		90		—		28		(132)		129
Net income (loss)	$	443	$	312	$	—	$	87	$	(1)	$	841