Table 16.1: Operating Segments


(in millions)	Consumer Banking and Lending		Commercial Banking	Corporate and Investment Banking	Wealth and Investment Management	Corporate	Reconciling Items (1)	Consolidated Company


























Quarter ended March 31, 2026
Net interest income (2)	$	7,551	1,988	2,184	905	(460)	(72)	12,096
Noninterest income	2,447		1,132	3,094	2,970	228	(521)	9,350
Total revenue	9,998		3,120	5,278	3,875	(232)	(593)	21,446
Provision for credit losses	818		150	175	(10)	2	—	1,135
Personnel expense	3,991		1,074	1,800	2,697	31	—	9,593
Nonpersonnel expense	2,598		534	892	565	148	—	4,737
Total noninterest expense	6,589		1,608	2,692	3,262	179	—	14,330
Income (loss) before income tax expense (benefit)	2,591		1,362	2,411	623	(413)	(593)	5,981
Income tax expense (benefit)	650		343	602	155	(466)	(593)	691
Net income before noncontrolling interests	1,941		1,019	1,809	468	53	—	5,290
Less: Net income from noncontrolling interests	—		2	—	—	35	—	37
Net income	$	1,941	1,017	1,809	468	18	—	5,253
Quarter ended March 31, 2025
Net interest income (2)	$	7,039	1,977	1,790	730	36	(77)	11,495
Noninterest income	2,344		948	3,274	2,674	(213)	(373)	8,654
Total revenue	9,383		2,925	5,064	3,404	(177)	(450)	20,149
Provision for credit losses	739		187	—	11	(5)	—	932
Personnel expense	4,030		1,139	1,708	2,481	116	—	9,474
Nonpersonnel expense	2,312		531	768	465	341	—	4,417
Total noninterest expense	6,342		1,670	2,476	2,946	457	—	13,891
Income (loss) before income tax expense (benefit)	2,302		1,068	2,588	447	(629)	(450)	5,326
Income tax expense (benefit)	570		272	647	98	(615)	(450)	522
Net income (loss) before noncontrolling interests	1,732		796	1,941	349	(14)	—	4,804
Less: Net income (loss) from noncontrolling interests	—		2	—	—	(92)	—	(90)
Net income	$	1,732	794	1,941	349	78	—	4,894



























Quarter ended March 31, 2026
Loans (average)	$	335,265	229,060	342,315	88,386	999	—	996,025
Assets (average)	369,371		252,803	801,973	94,379	649,698	—	2,168,224
Deposits (average)	816,621		185,897	214,345	112,098	86,073	—	1,415,034

Loans (period-end)	336,560		236,577	353,151	89,537	962	—	1,016,787
Assets (period-end)	373,989		261,252	805,350	95,425	669,736	—	2,205,752
Deposits (period-end)	840,556		189,802	214,501	113,659	96,421	—	1,454,939





Quarter ended March 31, 2025
Loans (average)	$	321,464	223,804	277,287	80,930	4,697	—	908,182
Assets (average)	356,888		246,604	611,037	86,793	618,339	—	1,919,661
Deposits (average)	799,882		182,859	203,914	102,097	50,576	—	1,339,328

Loans (period-end)	319,462		228,266	280,664	80,955	4,495	—	913,842
Assets (period-end)	357,299		252,759	632,478	86,330	621,445	—	1,950,311
Deposits (period-end)	821,261		181,469	209,200	102,162	47,636	—	1,361,728

(1)Taxable-equivalent adjustments related to tax-exempt income on certain loans and debt securities are included in net interest income, while taxable-equivalent adjustments related to income tax credits for affordable housing and renewable energy investments are included in noninterest income, in each case with corresponding impacts to income tax expense (benefit). Adjustments are included in Corporate, Commercial Banking, and Corporate and Investment Banking and are eliminated to reconcile to the Company’s consolidated financial results.