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BUSINESS SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables present certain information regarding the Company’s segments.



For the Three-Month Period Ended	SHUSA excluding SCUSA											Non-GAAP measure⁽⁴⁾
September 30, 2014	Retail Banking		Auto Finance & Alliances		Real Estate and Commercial Banking		Global Banking & Markets		Other⁽²⁾			SCUSA⁽³⁾		SCUSA Purchase Price Adjustments		Eliminations			Total
	(dollars in thousands)
Net interest income	216,834		18,921		132,493		47,666		(13,860	)		1,092,698		130,695		29			1,625,476
Total non-interest income	138,101		63,435		20,819		19,597		40,015			374,872		(4,075	)	(8,938	)		643,826
Provision/(release) for credit losses	35,827		2,036		(60,459	)	7,990		14,606			770,105		243,252		—			1,013,357
Total expenses	272,798		62,621		48,694		16,968		186,855			415,403		(35,086	)	(7,502	)		960,751
Income/(loss) before income taxes	46,310		17,699		165,077		42,305		(175,306	)		282,062		(81,546	)	(1,407	)		295,194

Intersegment (expense)/ revenue⁽¹⁾	66,649		(4,389	)	(76,308	)	(9,083	)	23,131			—		—		—			—
Total average assets	18,693,335		3,871,981		22,804,541		9,812,825		26,803,700			30,648,333		—		—			112,634,715



For the Nine-Month Period Ended	SHUSA excluding SCUSA											Non-GAAP measure⁽⁴⁾
September 30, 2014	Retail Banking		Auto Finance & Alliances		Real Estate and Commercial Banking		Global Banking & Markets		Other⁽²⁾			SCUSA		SCUSA Purchase Price Adjustments		Eliminations			Total
	(dollars in thousands)
Net interest income	646,420		56,463		380,111		134,680		(35,155	)		3,238,551		310,652		(344,107	)		4,387,615
Total non-interest income	308,947		103,808		70,098		57,218		98,546			927,958		241,067		(92,809	)		1,714,833
Gain on change in control⁽³⁾	—		—		—		—		—			—		2,428,539		—			2,428,539
Provision/(release) for credit losses	56,171		3,726		(67,811	)	6,229		(38,316	)		2,057,260		242,915		(225,453	)		2,034,721
Total expenses	772,683		108,660		138,567		52,608		544,402			1,307,851		70,066		(260,476	)		2,734,361
Income/(loss) before income taxes	126,513		47,885		379,453		133,061		(442,695	)		801,398		2,667,277		49,013			3,761,905

Intersegment (expense)/ revenue⁽¹⁾	192,902		(9,807	)	(237,516	)	(27,178	)	81,599			—		—		—			—
Total average assets	18,728,272		3,054,424		22,655,024		9,160,056		26,454,225			26,160,378		—					106,212,379


(1)	Intersegment revenue/ (expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income.


(2)	Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses.


(3)	Management of SHUSA manages SCUSA by analyzing the pre-Change in Control results of SCUSA as disclosed in this column.


(4)	Purchase Price Adjustments represents the impact that SCUSA purchase marks had on the results of SCUSA included within the consolidated operations of SHUSA, while eliminations adjust for the one month that SHUSA accounted for SCUSA as an equity method investment and eliminate intercompany transactions.

NOTE 18. BUSINESS SEGMENT INFORMATION (continued)



For the Three- Month Period Ended
September 30, 2013	Retail Banking		Auto Finance & Alliances		Real Estate and Commercial Banking		Global Banking & Markets		Other⁽²⁾		Equity method investment in SCUSA			Total
	(dollars in thousands)
Net interest income	205,736		15,200		117,465		39,242		(8,962	)	—			368,681
Total non-interest income	83,935		460		31,427		12,923		(5,511	)	73,565			196,799
Provision/(release) for credit losses	25,025		904		2,462		(9,560	)	(18,831	)	—			—
Total expenses	234,570		3,336		46,869		14,721		170,584		—			470,080
Income/(loss) before income taxes	30,076		11,420		99,561		47,004		(166,226	)	73,565			95,400

Intersegment revenue/(expense)⁽¹⁾	47,136		(2,778	)	(92,680	)	(10,223	)	58,545		—			—
Total average assets	19,117,271		1,820,113		21,929,726		7,716,827		27,231,375		—			77,815,312



For the Nine-Month Period Ended
September 30, 2013	Retail Banking		Auto Finance & Alliances		Real Estate and Commercial Banking		Global Banking & Markets		Other⁽²⁾		Equity method investment in SCUSA			Total
	(dollars in thousands)
Net interest income	571,933		45,344		337,429		124,291		70,979		—			1,149,976
Total non-interest income	304,390		1,403		96,386		59,672		30,165		378,996			871,012
Provision/(release) for credit losses	87,736		3,228		(4,092	)	(2,068	)	(57,954	)	—			26,850
Total expenses	671,193		7,397		129,967		40,688		438,089		—			1,287,334
Income/(loss) before income taxes	117,394		36,122		307,940		145,343		(278,991	)	378,996			706,804

Intersegment revenue/(expense)⁽¹⁾	86,598		(8,399	)	(284,517	)	(35,436	)	241,754		—			—
Total average assets	19,788,896		1,773,595		21,718,640		8,174,712		29,430,817		—			80,886,660


(1)	Intersegment revenue/(expense) represents charges or credits for funds used or provided by each of the segments and is included in net interest income.


(2)	Other is not considered a segment and includes earnings from non-strategic assets, the investment portfolio, interest expense on the Company’s borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses.

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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