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Strategic Lines of Business (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Business Segment Financial Results

Business segment financial results are as follows:

(dollar amounts in millions)			Commercial Bank						Retail Bank						Wealth Management						Finance						Other						Total
Year Ended December 31, 2022
Earnings summary:
Net interest income (expense)			$	1,753					$	680					$	199					$	(187)					$	21					$	2,466
Provision for credit losses			32						11						9						—						8						60
Noninterest income			607						122						298						58						(17)						1,068
Noninterest expenses			963						689						348						1						(3)						1,998
Provision (benefit) for income taxes			313						22						33						(37)						(6)						325
Net income (loss)			$	1,052					$	80					$	107					$	(93)					$	5					$	1,151
Net credit-related charge-offs (recoveries)			$	21					$	(1)					$	(3)					$	—					$	—					$	17
Selected average balances:
Assets			$	47,660					$	2,814					$	5,037					$	20,682					$	11,079					$	87,272
Loans			43,481						2,063						4,906						—						10						50,460
Deposits			42,584						26,672						5,439						591						195						75,481
Statistical data:
Return on average assets (a)			2.21		%				0.29		%				1.83		%				n/m						n/m						1.32		%
Efficiency ratio (b)			40.69						85.31						70.00						n/m						n/m						56.32
Year Ended December 31, 2021
Earnings summary:
Net interest income (expense)			$	1,574					$	565					$	166					$	(471)					$	10					$	1,844
Provision for credit losses			(346)						(5)						(32)						—						(1)						(384)
Noninterest income			663						123						279						41						17						1,123
Noninterest expenses			870						645						317						1						28						1,861
Provision (benefit) for income taxes			384						5						36						(100)						(3)						322
Net income (loss)			$	1,329					$	43					$	124					$	(331)					$	3					$	1,168
Net credit-related (recoveries) charge-offs			$	(12)					$	2					$	—					$	—					$	—					$	(10)
Selected average balances:
Assets			$	44,004					$	3,213					$	5,028					$	17,705					$	20,202					$	90,152
Loans			41,801						2,382						4,903						—						(3)						49,083
Deposits			45,602						25,682						5,218						965						214						77,681
Statistical data:
Return on average assets (a)			2.71		%				0.16		%				2.24		%				n/m						n/m						1.30		%
Efficiency ratio (b)			38.76						92.98						71.02						n/m						n/m						62.42

(Table continues on following page)

(dollar amounts in millions)			Commercial Bank						Retail Bank						Wealth Management						Finance						Other						Total
Year Ended December 31, 2020
Earnings summary:
Net interest income (expense)			$	1,605					$	503					$	167					$	(384)					$	20					$	1,911
Provision for credit losses			495						7						35						—						—						537
Noninterest income			555						110						263						55						18						1,001
Noninterest expenses			813						607						295						2						37						1,754
Provision (benefit) for income taxes			184						(3)						22						(78)						(1)						124
Net income (loss)			$	668					$	2					$	78					$	(253)					$	2					$	497
Net credit-related charge-offs			$	192					$	1					$	3					$	—					$	—					$	196
Selected average balances:
Assets			$	45,716					$	3,281					$	5,162					$	15,418					$	11,569					$	81,146
Loans			44,119						2,468						5,045						—						(1)						51,631
Deposits			36,616						22,832						4,402						1,026						162						65,038
Statistical data:
Return on average assets (a)			1.46		%				—		%				1.51		%				n/m						n/m						0.61		%
Efficiency ratio (b)			37.63						98.52						68.47						n/m						n/m						60.13

(a)Return on average assets is calculated based on the greater of average assets or average liabilities and attributed equity.

(b)Noninterest expenses as a percentage of the sum of net interest income and noninterest income excluding net gains (losses) from securities, a derivative contract tied to the conversion rate of Visa Class B shares and changes in the value of shares obtained through monetization of warrants.

n/m – not meaningful

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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