Business Segments (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Segment Results and Reconciliation

The following tables present our business segment results for the three months ended March 31, 2017 and 2016, selected balance sheet data as of March 31, 2017 and 2016, and a reconciliation of our total business segment results to our reported consolidated income from continuing operations, loans held for investment and deposits.

Table 13.1: Segment Results and Reconciliation



	Three Months Ended March 31, 2017
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾			Other⁽¹⁾			Consolidated Total
Net interest income	$	3,346	$	1,517	$	566		$	45		$	5,474
Non-interest income	738		195		158			(30		)	1,061
Total net revenue	4,084		1,712		724			15			6,535
Provision (benefit) for credit losses	1,717		279		(2		)	(2		)	1,992
Non-interest expense	1,929		1,042		391			72			3,434
Income (loss) from continuing operations before income taxes	438		391		335			(55		)	1,109
Income tax provision (benefit)	167		143		122			(118		)	314
Income from continuing operations, net of tax	$	271	$	248	$	213		$	63		$	795
Loans held for investment	$	99,213	$	73,982	$	67,320		$	73		$	240,588
Deposits	0		188,216		33,735			19,231			241,182

	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	3,880		1,611		655			74			6,220
Provision (benefit) for credit losses	1,071		230		228			(2		)	1,527
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 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

__________

⁽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.