Business Segments (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Segment Results and Reconciliation

The following tables present our business segment results for the three months ended March 31, 2016 and 2015, selected balance sheet data as of March 31, 2016 and 2015, and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, assets and deposits.

Table 13.1: Segment Results and Reconciliation



	Three Months Ended March 31, 2016
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Net interest income	$	3,033	$	1,420	$	537	$	66		$	5,056
Non-interest income	847		191		118		8			1,164
Total net revenue (loss)	3,880		1,611		655		74			6,220
Provision (benefit) for credit losses	1,071		230		228		(2		)	1,527
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization	70		0		0		0			70
Core deposit intangible amortization	0		15		3		0			18
Total PCCR and core deposit intangible amortization	70		15		3		0			88
Other non-interest expense	1,793		975		319		48			3,135
Total non-interest expense	1,863		990		322		48			3,223
Income (loss) from continuing operations before income taxes	946		391		105		28			1,470
Income tax provision (benefit)	337		142		38		(65		)	452
Income (loss) from continuing operations, net of tax	$	609	$	249	$	67	$	93		$	1,018
Loans held for investment	$	92,699	$	70,591	$	64,241	$	82		$	227,613
Deposits	0		177,803		33,383		10,593			221,779

	Three Months Ended March 31, 2015
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Net interest income	$	2,666	$	1,434	$	461	$	15		$	4,576
Non-interest income	816		158		114		(17		)	1,071
Total net revenue (loss)	3,482		1,592		575		(2		)	5,647
Provision (benefit) for credit losses	669		206		60		0			935
Non-interest expense:
Amortization of intangibles:
PCCR intangible amortization	84		0		0		0			84
Core deposit intangible amortization	0		22		4		0			26
Total PCCR and core deposit intangible amortization	84		22		4		0			110
Other non-interest expense	1,692		948		268		31			2,939
Total non-interest expense	1,776		970		272		31			3,049
Income (loss) from continuing operations before income taxes	1,037		416		243		(33		)	1,663
Income tax provision (benefit)	369		150		88		(78		)	529
Income (loss) from continuing operations, net of tax	$	668	$	266	$	155	$	45		$	1,134
Loans held for investment	$	81,754	$	71,379	$	50,741	$	104		$	203,978
Deposits	0		172,502		32,575		5,363			210,440

__________

⁽¹⁾

Some of our tax-related commercial investments generate tax-exempt income or tax credits. Accordingly, we make certain reclassifications within our Commercial Banking business results to present revenues and yields on a taxable-equivalent basis, calculated assuming an effective tax rate approximately equal to our federal statutory tax rate of 35% with offsetting reclassifications to the Other category.