Business Segments (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Segment Results and Reconciliation

The following tables present our business segment results for the three and six months ended June 30, 2017 and 2016, selected balance sheet data as of June 30, 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 June 30, 2017
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Net interest income	$	3,294	$	1,578	$	569	$	32		$	5,473
Non-interest income	875		183		183		(10		)	1,231
Total net revenue	4,169		1,761		752		22			6,704
Provision (benefit) for credit losses	1,397		268		140		(5		)	1,800
Non-interest expense	1,918		1,059		381		56			3,414
Income (loss) from continuing operations before income taxes	854		434		231		(29		)	1,490
Income tax provision (benefit)	301		158		85		(101		)	443
Income from continuing operations, net of tax	$	553	$	276	$	146	$	72		$	1,047
Loans held for investment	$	101,590	$	74,973	$	67,672	$	67		$	244,302
Deposits	0		186,607		33,153		20,003			239,763

	Three Months Ended June 30, 2016
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Net interest income	$	3,045	$	1,439	$	559	$	50		$	5,093
Non-interest income	859		175		129		(2		)	1,161
Total net revenue	3,904		1,614		688		48			6,254
Provision (benefit) for credit losses	1,261		204		128		(1		)	1,592
Non-interest expense	1,883		1,006		343		63			3,295
Income (loss) from continuing operations before income taxes	760		404		217		(14		)	1,367
Income tax provision (benefit)	276		147		79		(78		)	424
Income from continuing operations, net of tax	$	484	$	257	$	138	$	64		$	943
Loans held for investment	$	96,904	$	71,415	$	66,202	$	82		$	234,603
Deposits	0		176,340		34,281		10,438			221,059



	Six Months Ended June 30, 2017
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Net interest income	$	6,640	$	3,095	$	1,135	$	77		$	10,947
Non-interest income	1,613		378		341		(40		)	2,292
Total net revenue	8,253		3,473		1,476		37			13,239
Provision (benefit) for credit losses	3,114		547		138		(7		)	3,792
Non-interest expense	3,847		2,101		772		128			6,848
Income (loss) from continuing operations before income taxes	1,292		825		566		(84		)	2,599
Income tax provision (benefit)	468		301		207		(219		)	757
Income from continuing operations, net of tax	$	824	$	524	$	359	$	135		$	1,842
Loans held for investment	$	101,590	$	74,973	$	67,672	$	67		$	244,302
Deposits	0		186,607		33,153		20,003			239,763

	Six Months Ended June 30, 2016
(Dollars in millions)	Credit Card		Consumer Banking		Commercial Banking⁽¹⁾		Other⁽¹⁾			Consolidated Total
Net interest income	$	6,078	$	2,859	$	1,096	$	116		$	10,149
Non-interest income	1,706		366		247		6			2,325
Total net revenue	7,784		3,225		1,343		122			12,474
Provision (benefit) for credit losses	2,332		434		356		(3		)	3,119
Non-interest expense	3,746		1,996		665		111			6,518
Income (loss) from continuing operations before income taxes	1,706		795		322		14			2,837
Income tax provision (benefit)	613		289		117		(143		)	876
Income from continuing operations, net of tax	$	1,093	$	506	$	205	$	157		$	1,961
Loans held for investment	$	96,904	$	71,415	$	66,202	$	82		$	234,603
Deposits	0		176,340		34,281		10,438			221,059

__________

⁽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.