Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Schedule Of Financial Information By Reportable Segment

The following tables present financial information for each reportable segment for the year ended December 31:


	2020
	Corporate Bank		Consumer Bank		Wealth Management		Other		Continuing Operations		Discontinued Operations		Consolidated
	(In millions)
Net interest income (loss)	$	1,783	$	2,274	$	156	$	(319)	$	3,894	$	—	$	3,894
Provision (credit) for credit losses (1)	299		320		14		697		1,330		—		1,330
Non-interest income	656		1,266		343		128		2,393		—		2,393
Non-interest expense	1,026		2,046		346		225		3,643		—		3,643
Income (loss) before income taxes	1,114		1,174		139		(1,113)		1,314		—		1,314
Income tax expense (benefit)	279		294		34		(387)		220		—		220
Net income (loss)	$	835	$	880	$	105	$	(726)	$	1,094	$	—	$	1,094
Average assets	$	61,237	$	34,516	$	2,021	$	40,321	$	138,095	$	—	$	138,095


	2019
	Corporate Bank		Consumer Bank		Wealth Management		Other		Continuing Operations		Discontinued Operations		Consolidated
	(In millions)
Net interest income (loss)	$	1,446	$	2,336	$	180	$	(217)	$	3,745	$	—	$	3,745
Provision (credit) for credit losses (1)	205		340		16		(174)		387		—		387
Non-interest income	538		1,214		330		34		2,116		—		2,116
Non-interest expense	934		2,107		343		105		3,489		—		3,489
Income (loss) before income taxes	845		1,103		151		(114)		1,985		—		1,985
Income tax expense (benefit)	211		276		37		(121)		403		—		403
Net income (loss)	$	634	$	827	$	114	$	7	$	1,582	$	—	$	1,582
Average assets	$	53,867	$	35,045	$	2,183	$	34,015	$	125,110	$	—	$	125,110


	2018
	Corporate Bank		Consumer Bank		Wealth Management		Other		Continuing Operations		Discontinued Operations		Consolidated
	(In millions)
Net interest income (loss)	$	1,384	$	2,216	$	194	$	(59)	$	3,735	$	1	$	3,736
Provision (credit) for credit losses (1)	191		317		16		(295)		229		—		229
Non-interest income	545		1,146		316		12		2,019		349		2,368
Non-interest expense	909		2,066		334		261		3,570		79		3,649
Income (loss) before income taxes	829		979		160		(13)		1,955		271		2,226
Income tax expense (benefit)	207		245		40		(105)		387		80		467
Net income (loss)	$	622	$	734	$	120	$	92	$	1,568	$	191	$	1,759
Average assets	$	51,530	$	35,066	$	2,287	$	34,415	$	123,298	$	82	$	123,380

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(1)Upon adoption of CECL on January 1, 2020, the provision for credit losses is the sum of the provision for loans losses and the provision for unfunded credit commitments. Prior to the adoption of CECL, the provision for unfunded commitments was included in other non-interest expense.

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[1]

Upon adoption of CECL on January 1, 2020, the provision for credit losses presented within net interest income after provision for credit losses is the sum of the provision for loan losses and the provision for unfunded credit commitments. Prior to the adoption of CECL, the provision for unfunded commitments was included in other non-interest expense.