BUSINESS SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Segment Reporting Information

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


For the Three-Month Period Ended	SHUSA Reportable Segments
June 30, 2020	CBB		C&I		CRE & VF		CIB		Other⁽²⁾		SC⁽³⁾		SC Purchase Price Adjustments⁽⁴⁾		Eliminations⁽⁴⁾		Total
	(in thousands)
Net interest income	$	358,430	$	70,034	$	90,160	$	42,457	$	(9,330)	$	984,745	$	(201)	$	2,495	$	1,538,790
Non-interest income	71,373		12,221		2,157		90,398		(49,109)		667,242		3,168		(11,132)		786,318
Provision for/(release of) credit losses	186,714		36,568		14,252		15,314		(137,597)		861,896		226		—		977,373
Total expenses	1,955,547		337,287		29,736		62,424		121,796		919,626		9,804		(6,530)		3,429,690
Income/(loss) before income taxes	(1,712,458)		(291,600)		48,329		55,117		(42,638)		(129,535)		(7,063)		(2,107)		(2,081,955)
Intersegment revenue/(expense)⁽¹⁾	541		2,381		1,019		(3,941)		—		—		—		—		—


For the Six-Month Period Ended	SHUSA Reportable Segments
June 30, 2020	CBB		C&I		CRE & VF		CIB⁽⁵⁾		Other⁽²⁾		SC⁽³⁾		SC Purchase Price Adjustments⁽⁴⁾		Eliminations⁽⁴⁾		Total
	(in thousands)
Net interest income	$	708,278	$	127,853	$	191,309	$	79,376	$	15,662	$	1,996,152	$	(423)	$	6,559	$	3,124,766
Non-interest income	154,926		25,952		5,350		140,550		65,244		1,441,074		5,021		(24,639)		1,813,478
Credit loss expense	352,184		71,178		63,387		33,455		(127,436)		1,769,783		432		—		2,162,983
Total expenses	2,340,820		387,037		58,681		124,923		291,186		1,803,423		19,593		(12,172)		5,013,491
Income/(loss) before income taxes	(1,829,800)		(304,410)		74,591		61,548		(82,844)		(135,980)		(15,427)		(5,908)		(2,238,230)
Intersegment revenue/(expense)⁽¹⁾	961		4,944		2,753		(8,658)		—		—		—		—		—
Total assets	24,052,719		7,048,220		19,567,288		12,419,110		41,997,755		47,268,695		—		—		152,353,787

(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 includes the results of the entities transferred to the IHC, with the exception of SIS, earnings from non-strategic assets, the investment portfolio, interest expense on the Bank’s and the Company's borrowings and other debt obligations, amortization of intangible assets and certain unallocated corporate income and indirect expenses.

(3)Management of SHUSA manages SC by analyzing the pre-Change in Control results of SC, which are presented in this column.

(4)SC Purchase Price Adjustments represents the impact that SC purchase marks had on the results of SC included within the consolidated operations of SHUSA, while eliminations eliminate intercompany transactions.

(5)Includes results and assets of SIS.

NOTE 17. BUSINESS SEGMENT INFORMATION (continued)


For the Three-Month Period Ended	SHUSA Reportable Segments
June 30, 2019	CBB		C&I		CRE & VF		CIB		Other⁽²⁾		SC⁽³⁾		SC Purchase Price Adjustments⁽⁴⁾		Eliminations⁽⁴⁾		Total
	(in thousands)
Net interest income	$	374,187	$	57,428	$	105,148	$	40,033	$	30,715	$	992,485	$	9,802	$	11,927	$	1,621,725
Non-interest income	86,543		16,738		3,194		54,423		114,251		713,737		2,313		(28,215)		962,984
Provision for/(release of) credit losses	40,215		6,925		3,534		(4,188)		4,622		430,676		(1,152)		—		480,632
Total expenses	404,102		59,508		32,593		66,120		181,599		795,514		9,860		(6,910)		1,542,386
Income/(loss) before income taxes	16,413		7,733		72,215		32,524		(41,255)		480,032		3,407		(9,378)		561,691
Intersegment revenue/(expense)⁽¹⁾	581		1,053		1,782		(3,401)		(15)		—		—		—		—


For the Six-Month Period Ended	SHUSA Reportable Segments
June 30, 2019	CBB		C&I		CRE & VF		CIB⁽⁵⁾		Other⁽²⁾		SC⁽³⁾		SC Purchase Price Adjustments⁽⁴⁾		Eliminations⁽⁴⁾		Total
	(in thousands)
Net interest income	$	739,164	$	110,771	$	207,714	$	78,068	$	71,904	$	1,976,050	$	17,126	$	23,813	$	3,224,610
Non-interest income	161,200		33,010		6,433		106,629		206,633		1,389,291		4,314		(49,079)		1,858,431
Credit loss expense / (Recovery of) credit loss expense	77,215		15,585		3,400		(2,746)		8,393		981,555		(2,559)		—		1,080,843
Total expenses	794,073		114,183		62,667		132,560		406,301		1,566,487		20,390		(11,860)		3,084,801
Income/(loss) before income taxes	29,076		14,013		148,080		54,883		(136,157)		817,299		3,609		(13,406)		917,397
Intersegment revenue/(expense)⁽¹⁾	976		2,304		3,791		(7,071)		—		—		—		—		—
Total assets	22,801,820		7,442,924		18,809,753		10,178,060		38,261,781		46,416,093		—		—		143,910,431

(1)- (5) Refer to corresponding notes above.