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Business Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024
Earnings summary: |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) | $ | 1,869 |  |  | $ | 813 |  |  | $ | 187 |  |  | $ | (838) |  |  | $ | 159 |  |  | $ | 2,190 |
Provision for credit losses | 47 |  |  | 2 |  |  | (2) |  |  | — |  |  | 2 |  |  | 49 |
Noninterest income | 592 |  |  | 112 |  |  | 287 |  |  | 50 |  |  | 13 |  |  | 1,054 |
Salaries and benefits expense | 299 |  |  | 224 |  |  | 136 |  |  | 56 |  |  | 637 |  |  | 1,352 |
Outside processing fee expense | 195 |  |  | 19 |  |  | 41 |  |  | 5 |  |  | 13 |  |  | 273 |
Occupancy expense | 23 |  |  | 103 |  |  | 12 |  |  | 3 |  |  | 40 |  |  | 181 |
Allocated corporate expense | 415 |  |  | 272 |  |  | 128 |  |  | (70) |  |  | (745) |  |  | — |
All other noninterest expenses (a) | 117 |  |  | 89 |  |  | 56 |  |  | 11 |  |  | 228 |  |  | 501 |
Total noninterest expenses | 1,049 |  |  | 707 |  |  | 373 |  |  | 5 |  |  | 173 |  |  | 2,307 |
Provision (benefit) for income taxes | 295 |  |  | 48 |  |  | 23 |  |  | (179) |  |  | 3 |  |  | 190 |
Net income (loss) | $ | 1,070 |  |  | $ | 168 |  |  | $ | 80 |  |  | $ | (614) |  |  | $ | (6) |  |  | $ | 698 |
Net charge-offs | $ | 47 |  |  | $ | 4 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 52 |
Selected average balances: |  |  |  |  |  |  |  |  |  |  |
Assets | $ | 45,859 |  |  | $ | 3,038 |  |  | $ | 5,310 |  |  | $ | 18,400 |  |  | $ | 7,961 |  |  | $ | 80,568 |
Loans | 43,584 |  |  | 2,335 |  |  | 5,050 |  |  | — |  |  | 10 |  |  | 50,979 |
Deposits | 32,264 |  |  | 24,292 |  |  | 3,894 |  |  | 3,179 |  |  | 272 |  |  | 63,901 |
Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Earnings summary: |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) | $ | 2,051 |  |  | $ | 846 |  |  | $ | 208 |  |  | $ | (693) |  |  | $ | 102 |  |  | $ | 2,514 |
Provision for credit losses | 90 |  |  | 3 |  |  | (6) |  |  | — |  |  | 2 |  |  | 89 |
Noninterest income | 603 |  |  | 119 |  |  | 307 |  |  | 37 |  |  | 12 |  |  | 1,078 |
Salaries and benefits expense | 295 |  |  | 222 |  |  | 171 |  |  | 45 |  |  | 573 |  |  | 1,306 |
Outside processing fee expense | 201 |  |  | 20 |  |  | 35 |  |  | 7 |  |  | 14 |  |  | 277 |
Occupancy expense | 23 |  |  | 98 |  |  | 12 |  |  | 2 |  |  | 36 |  |  | 171 |
Allocated corporate expense | 377 |  |  | 263 |  |  | 120 |  |  | (59) |  |  | (701) |  |  | — |
All other noninterest expenses (a) | 210 |  |  | 125 |  |  | 64 |  |  | 18 |  |  | 188 |  |  | 605 |
Total noninterest expenses | 1,106 |  |  | 728 |  |  | 402 |  |  | 13 |  |  | 110 |  |  | 2,359 |
Provision (benefit) for income taxes | 342 |  |  | 58 |  |  | 29 |  |  | (164) |  |  | (2) |  |  | 263 |
Net income (loss) | $ | 1,116 |  |  | $ | 176 |  |  | $ | 90 |  |  | $ | (505) |  |  | $ | 4 |  |  | $ | 881 |
Net charge-offs | $ | 20 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 22 |
Selected average balances: |  |  |  |  |  |  |  |  |  |  |
Assets | $ | 49,458 |  |  | $ | 2,960 |  |  | $ | 5,500 |  |  | $ | 20,139 |  |  | $ | 9,137 |  |  | $ | 87,194 |
Loans | 46,432 |  |  | 2,237 |  |  | 5,232 |  |  | — |  |  | 2 |  |  | 53,903 |
Deposits | 33,019 |  |  | 24,363 |  |  | 4,130 |  |  | 4,169 |  |  | 337 |  |  | 66,018 |
Table continues on the following page.
(dollar amounts in millions) | Commercial Bank |  | Retail Bank |  | Wealth Management |  | Finance |  | Other |  | Total
Year Ended December 31, 2022
Earnings summary: |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) | $ | 1,761 |  |  | $ | 680 |  |  | $ | 199 |  |  | $ | (195) |  |  | $ | 21 |  |  | $ | 2,466 |
Provision for credit losses | 32 |  |  | 11 |  |  | 9 |  |  | — |  |  | 8 |  |  | 60 |
Noninterest income | 607 |  |  | 122 |  |  | 298 |  |  | 59 |  |  | (18) |  |  | 1,068 |
Salaries and benefits expense | 275 |  |  | 226 |  |  | 154 |  |  | 44 |  |  | 509 |  |  | 1,208 |
Outside processing fee expense | 185 |  |  | 22 |  |  | 27 |  |  | 4 |  |  | 13 |  |  | 251 |
Occupancy expense | 21 |  |  | 107 |  |  | 12 |  |  | 2 |  |  | 33 |  |  | 175 |
Allocated corporate expense | 394 |  |  | 241 |  |  | 120 |  |  | (55) |  |  | (700) |  |  | — |
All other noninterest expenses (a) | 89 |  |  | 94 |  |  | 35 |  |  | 6 |  |  | 140 |  |  | 364 |
Total noninterest expenses | 964 |  |  | 690 |  |  | 348 |  |  | 1 |  |  | (5) |  |  | 1,998 |
Provision (benefit) for income taxes | 315 |  |  | 22 |  |  | 34 |  |  | (39) |  |  | (7) |  |  | 325 |
Net income (loss) | $ | 1,057 |  |  | $ | 79 |  |  | $ | 106 |  |  | $ | (98) |  |  | $ | 7 |  |  | $ | 1,151 |
Net charge-offs (recoveries) | $ | 21 |  |  | $ | (1) |  |  | $ | (3) |  |  | $ | — |  |  | $ | — |  |  | $ | 17 |
Selected average balances: |  |  |  |  |  |  |  |  |  |  |
Assets | $ | 47,437 |  |  | $ | 2,814 |  |  | $ | 5,037 |  |  | $ | 20,912 |  |  | $ | 11,072 |  |  | $ | 87,272 |
Loans | 43,481 |  |  | 2,063 |  |  | 4,906 |  |  | — |  |  | 10 |  |  | 50,460 |
Deposits | 42,584 |  |  | 26,672 |  |  | 5,439 |  |  | 360 |  |  | 426 |  |  | 75,481 |
(a)All other noninterest expenses for each reportable business segment includes: i.Commercial Bank and Retail Bank - Primarily FDIC insurance expense, software expense and other noninterest expenses. ii.Wealth Management - Primarily software expense and other noninterest expenses.

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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 + Details
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