Business Segments (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Segment Results and Reconciliation

The following tables present our business segment results for the years ended December 31, 2016, 2015 and 2014, selected balance sheet data as of December 31, 2016, 2015 and 2014, and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, loans held for investment and deposits.

Table 18.1: Segment Results and Reconciliation



	Year Ended December 31, 2016
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Net interest income	$	12,635	$	5,829	$	2,216	$	193		$	20,873
Non-interest income	3,380		733		578		(63		)	4,628
Total net revenue	16,015		6,562		2,794		130			25,501
Provision (benefit) for credit losses	4,926		1,055		483		(5		)	6,459
Non-interest expense	7,703		4,139		1,407		309			13,558
Income (loss) from continuing operations before income taxes	3,386		1,368		904		(174		)	5,484
Income tax provision (benefit)	1,226		498		329		(339		)	1,714
Income from continuing operations, net of tax	$	2,160	$	870	$	575	$	165		$	3,770
Loans held for investment	$	105,552	$	73,054	$	66,916	$	64		$	245,586
Deposits	0		181,917		33,866		20,985			236,768

	Year Ended December 31, 2015
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Net interest income	$	11,161	$	5,755	$	1,865	$	53		$	18,834
Non-interest income	3,421		710		487		(39		)	4,579
Total net revenue	14,582		6,465		2,352		14			23,413
Provision (benefit) for credit losses	3,417		819		302		(2		)	4,536
Non-interest expense	7,502		4,026		1,156		312			12,996
Income (loss) from continuing operations before income taxes	3,663		1,620		894		(296		)	5,881
Income tax provision (benefit)	1,309		586		324		(350		)	1,869
Income from continuing operations, net of tax	$	2,354	$	1,034	$	570	$	54		$	4,012
Loans held for investment	$	96,125	$	70,372	$	63,266	$	88		$	229,851
Deposits	0		172,702		34,257		10,762			217,721

	Year Ended December 31, 2014
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Net interest income	$	10,310	$	5,748	$	1,751	$	9		$	17,818
Non-interest income	3,311		684		450		27			4,472
Total net revenue	13,621		6,432		2,201		36			22,290
Provision (benefit) for credit losses	2,750		703		93		(5		)	3,541
Non-interest expense	7,063		3,869		1,083		165			12,180
Income (loss) from continuing operations before income taxes	3,808		1,860		1,025		(124		)	6,569
Income tax provision (benefit)	1,329		665		366		(214		)	2,146
Income from continuing operations, net of tax	$	2,479	$	1,195	$	659	$	90		$	4,423
Loans held for investment	$	85,876	$	71,439	$	50,890	$	111		$	208,316
Deposits	0		168,078		31,954		5,516			205,548

__________

⁽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.