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Business Segment Information (Tables)

12 Months Ended

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.

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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X

- References

No definition available.

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