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Segment information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Information about Company's Segments

Information about the Company's segments follows:

			Three Months Ended March 31,
			Commercial Bank												Retail Bank												Institutional Services and Wealth Management												All Other												Total (c)
(Dollars in millions)			2025						2024						2025						2024						2025						2024						2025						2024						2025						2024
Net interest income (a)			$	529					$	548					$	972					$	1,071					$	171					$	186					$	23					$	(125)					$	1,695					$	1,680
Noninterest income			173						151						208						197						209						191						21						41						611						580
Total revenue			702						699						1,180						1,268						380						377						44						(84)						2,306						2,260
Provision for credit losses			36						77						79						68						3						—						12						55						130						200
Salaries and employee benefits			151						146						196						190						106						100						434						397						887						833
Depreciation and amortization			10						9						62						65						2						2						56						54						130						130
Other direct expenses			67						66						99						100						26						28						206						239						398						433
Indirect expense (b)			123						124						279						244						81						75						(483)						(443)						—						—
Income (loss) before taxes			315						277						465						601						162						172						(181)						(386)						761						664
Income tax expense (benefit)			84						76						118						155						41						44						(66)						(142)						177						133
Net income (loss)			$	231					$	201					$	347					$	446					$	121					$	128					$	(115)					$	(244)					$	584					$	531
Average total assets			$	79,362					$	81,083					$	54,381					$	52,232					$	4,102					$	3,636					$	70,476					$	74,527					$	208,321					$	211,478

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(a)Net interest income is the difference between actual taxable-equivalent interest earned on assets and interest paid on liabilities by a segment and a funding charge (credit) based on the Company's internal funds transfer and pricing methodology. Segments are charged a cost to fund any assets (e.g. loans) and are paid a funding credit for any funds provided (e.g. deposits). The taxable-equivalent adjustment aggregated $12 million for each of the three-month periods ended March 31, 2025 and 2024 and is eliminated in "All Other" total revenues.

(b)Indirect expense represents centrally-allocated costs associated with data processing, risk management and other support services provided by the "All Other" category to the Commercial Bank, Retail Bank and Institutional Services and Wealth Management segments.

(c)Intersegment revenues and expenses were not material for the three-month periods ended March 31, 2025 and 2024.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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