Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Schedule Of Financial Information By Reportable Segment

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


	2021
	Corporate Bank		Consumer Bank		Wealth Management		Other		Consolidated
	(In millions)
Net interest income	$	1,762	$	2,013	$	139	$	—	$	3,914
Provision for (benefit from) credit losses (1)	303		254		10		(1,091)		(524)
Non-interest income	752		1,266		390		116		2,524
Non-interest expense	1,091		2,173		387		96		3,747
Income before income taxes	1,120		852		132		1,111		3,215
Income tax expense	280		213		33		168		694
Net income	$	840	$	639	$	99	$	943	$	2,521
Average assets	$	59,132	$	34,309	$	2,046	$	58,782	$	154,269


	2020
	Corporate Bank		Consumer Bank		Wealth Management		Other		Consolidated
	(In millions)
Net interest income	$	1,688	$	2,066	$	140	$	—	$	3,894
Provision for credit losses (1)	290		305		11		724		1,330
Non-interest income	656		1,267		344		126		2,393
Non-interest expense	1,024		2,057		346		216		3,643
Income (loss) before income taxes	1,030		971		127		(814)		1,314
Income tax expense (benefit)	257		242		32		(311)		220
Net income (loss)	$	773	$	729	$	95	$	(503)	$	1,094
Average assets	$	61,218	$	34,530	$	2,021	$	40,326	$	138,095


	2019
	Corporate Bank		Consumer Bank		Wealth Management		Other		Consolidated
	(In millions)
Net interest income	$	1,395	$	2,184	$	166	$	—	$	3,745
Provision for (benefit from) credit losses (1)	192		320		13		(138)		387
Non-interest income	538		1,215		331		32		2,116
Non-interest expense	938		2,121		342		88		3,489
Income before income taxes	803		958		142		82		1,985
Income tax expense (benefit)	201		240		36		(74)		403
Net income	$	602	$	718	$	106	$	156	$	1,582
Average assets	$	53,846	$	35,063	$	2,183	$	34,018	$	125,110

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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.