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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule Of Financial Information By Reportable Segment

The following tables present financial information, including non-interest income disaggregated by major product category, for each reportable segment for the years ended December 31:

			2024
			Corporate Bank						Consumer Bank						Wealth Management						Other						Consolidated
			(In millions)
Net interest income			$	1,821					$	2,834					$	163					$	—					$	4,818
Provision for (benefit from) credit losses			362						270						8						(153)						487
Non-interest income (loss) (1):
Service charges on deposit accounts			223						385						3						1						612
Card and ATM fees			43						424						1						(1)						467
Capital markets income			346						1						1						—						348
Investment management and trust fee income			—						—						338						—						338
Mortgage income			—						146						—						—						146
Investment services fee income			—						—						157						—						157
Commercial credit fee income			111						—						—						—						111
Bank-owned life insurance			—						—						—						102						102
Securities gains (losses), net			—						—						—						(208)						(208)
Market value adjustments on employee benefit assets			—						—						—						25						25
Other miscellaneous income			174						81						2						(90)						167
Total non-interest income (loss)			897						1,037						502						(171)						2,265
Non-interest expense:
Salaries and employee benefits			558						721						260						990						2,529
Equipment and software expense			19						101						3						283						406
Net occupancy expense			27						210						12						29						278
Other expenses (2)			666						1,369						178						(1,184)						1,029
Total non-interest expense			1,270						2,401						453						118						4,242
Income (loss) before income taxes			1,086						1,200						204						(136)						2,354
Income tax expense (benefit)			271						300						51						(161)						461
Net income			$	815					$	900					$	153					$	25					$	1,893
Average assets			$	69,207					$	37,947					$	2,063					$	44,664					$	153,881

			2023
			Corporate Bank						Consumer Bank						Wealth Management						Other																		Consolidated
			(In millions)
Net interest income			$	2,007					$	3,123					$	190					$	—																	$	5,320
Provision for (benefit from) credit losses			343						279						8						(77)																		553
Non-interest income (1):
Service charges on deposit accounts			193						396						3						—																		592
Card and ATM fees			45						458						—						1																		504
Capital markets income			219						1						1						1																		222
Investment management and trust fee income			—						—						313						—																		313
Mortgage income			—						109						—						—																		109
Investment services fee income			—						—						138						—																		138
Commercial credit fee income			105						—						—						—																		105
Bank-owned life insurance			—						—						—						78																		78
Securities gains (losses), net			(1)						—						—						(4)																		(5)
Market value adjustments on employee benefit assets			—						—						—						15																		15
Other miscellaneous income			151						80						2						(48)																		185
Total non-interest income			712						1,044						457						43																		2,256
Non-interest expense:
Salaries and employee benefits			546						732						254						884																		2,416
Equipment and software expense			20						110						3						279																		412
Net occupancy expense			27						222						12						28																		289
Other expenses (2)			635						1,509						158						(1,003)																		1,299
Total non-interest expense			1,228						2,573						427						188																		4,416
Income (loss) before income taxes			1,148						1,315						212						(68)																		2,607
Income tax expense (benefit)			287						330						52						(136)																		533
Net income			$	861					$	985					$	160					$	68																	$	2,074
Average assets			$	69,520					$	37,762					$	2,044					$	43,691																	$	153,017

			2022
			Corporate Bank						Consumer Bank						Wealth Management						Other																		Consolidated
			(In millions)
Net interest income			$	1,961					$	2,641					$	184					$	—																	$	4,786
Provision for (benefit from) credit losses			287						280						9						(305)																		271
Non-interest income (1):
Service charges on deposit accounts			177						459						3						2																		641
Card and ATM fees			44						468						1						—																		513
Capital markets income			339						1						1						(2)																		339
Investment management and trust fee income			—						—						297						—																		297
Mortgage income			—						156						—						—																		156
Investment services fee income			—						—						122						—																		122
Commercial credit fee income			96						—						—						—																		96
Bank-owned life insurance			—						—						—						62																		62
Securities gains (losses), net			—						—						—						(1)																		(1)
Market value adjustments on employee benefit assets			—						—						—						(45)																		(45)
Insurance proceeds (3)			—						—						—						50																		50
Other miscellaneous income			147						81						2						(31)																		199
Total non-interest income			803						1,165						426						35																		2,429
Non-interest expense:
Salaries and employee benefits			557						733						236						792																		2,318
Equipment and software expense			23						115						3						251																		392
Net occupancy expense			27						222						13						38																		300
Other expenses (2)			577						1,226						152						(897)																		1,058
Total non-interest expense			1,184						2,296						404						184																		4,068
Income before income taxes			1,293						1,230						197						156																		2,876
Income tax expense (benefit)			323						308						50						(50)																		631
Net income			$	970					$	922					$	147					$	206																	$	2,245
Average assets			$	64,532					$	36,623					$	2,116					$	56,121																	$	159,392

_____

(1) Non-interest income includes $473 million, $534 million, and $663 million of revenue that is not from a contract with a customer for the years ended December 31, 2024, 2023 and 2022, respectively.

(2) See Note 18 for a detail of expenses comprising other expenses.

(3) In 2022, the Company settled a previously disclosed matter with the CFPB and received an insurance reimbursement related to the settlement

X

- 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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- References

No definition available.

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