Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule Of Financial Information By Reportable Segment

The following tables present financial information, including non-interest income disaggregated by major product category, for each reportable segment for the years ended December 31:



			2024
			Corporate Bank						Consumer Bank						Wealth Management						Other						Consolidated
			(In millions)
Net interest income			$	1,821					$	2,834					$	163					$	—					$	4,818
Provision for (benefit from) credit losses			362						270						8						(153)						487
Non-interest income (loss) (1):
Service charges on deposit accounts			223						385						3						1						612
Card and ATM fees			43						424						1						(1)						467
Capital markets income			346						1						1						—						348
Investment management and trust fee income			—						—						338						—						338
Mortgage income			—						146						—						—						146
Investment services fee income			—						—						157						—						157
Commercial credit fee income			111						—						—						—						111
Bank-owned life insurance			—						—						—						102						102
Securities gains (losses), net			—						—						—						(208)						(208)
Market value adjustments on employee benefit assets			—						—						—						25						25
Other miscellaneous income			174						81						2						(90)						167
Total non-interest income (loss)			897						1,037						502						(171)						2,265
Non-interest expense:
Salaries and employee benefits			558						721						260						990						2,529
Equipment and software expense			19						101						3						283						406
Net occupancy expense			27						210						12						29						278
Other expenses (2)			666						1,369						178						(1,184)						1,029
Total non-interest expense			1,270						2,401						453						118						4,242
Income (loss) before income taxes			1,086						1,200						204						(136)						2,354
Income tax expense (benefit)			271						300						51						(161)						461
Net income			$	815					$	900					$	153					$	25					$	1,893
Average assets			$	69,207					$	37,947					$	2,063					$	44,664					$	153,881


			2023
			Corporate Bank						Consumer Bank						Wealth Management						Other																		Consolidated

			(In millions)
Net interest income			$	2,007					$	3,123					$	190					$	—																	$	5,320
Provision for (benefit from) credit losses			343						279						8						(77)																		553
Non-interest income (1):
Service charges on deposit accounts			193						396						3						—																		592
Card and ATM fees			45						458						—						1																		504
Capital markets income			219						1						1						1																		222
Investment management and trust fee income			—						—						313						—																		313
Mortgage income			—						109						—						—																		109
Investment services fee income			—						—						138						—																		138
Commercial credit fee income			105						—						—						—																		105
Bank-owned life insurance			—						—						—						78																		78
Securities gains (losses), net			(1)						—						—						(4)																		(5)
Market value adjustments on employee benefit assets			—						—						—						15																		15
Other miscellaneous income			151						80						2						(48)																		185
Total non-interest income			712						1,044						457						43																		2,256
Non-interest expense:
Salaries and employee benefits			546						732						254						884																		2,416
Equipment and software expense			20						110						3						279																		412
Net occupancy expense			27						222						12						28																		289
Other expenses (2)			635						1,509						158						(1,003)																		1,299
Total non-interest expense			1,228						2,573						427						188																		4,416
Income (loss) before income taxes			1,148						1,315						212						(68)																		2,607
Income tax expense (benefit)			287						330						52						(136)																		533
Net income			$	861					$	985					$	160					$	68																	$	2,074
Average assets			$	69,520					$	37,762					$	2,044					$	43,691																	$	153,017


			2022
			Corporate Bank						Consumer Bank						Wealth Management						Other																		Consolidated

			(In millions)
Net interest income			$	1,961					$	2,641					$	184					$	—																	$	4,786
Provision for (benefit from) credit losses			287						280						9						(305)																		271
Non-interest income (1):
Service charges on deposit accounts			177						459						3						2																		641
Card and ATM fees			44						468						1						—																		513
Capital markets income			339						1						1						(2)																		339
Investment management and trust fee income			—						—						297						—																		297
Mortgage income			—						156						—						—																		156
Investment services fee income			—						—						122						—																		122
Commercial credit fee income			96						—						—						—																		96
Bank-owned life insurance			—						—						—						62																		62
Securities gains (losses), net			—						—						—						(1)																		(1)
Market value adjustments on employee benefit assets			—						—						—						(45)																		(45)
Insurance proceeds (3)			—						—						—						50																		50
Other miscellaneous income			147						81						2						(31)																		199
Total non-interest income			803						1,165						426						35																		2,429
Non-interest expense:
Salaries and employee benefits			557						733						236						792																		2,318
Equipment and software expense			23						115						3						251																		392
Net occupancy expense			27						222						13						38																		300
Other expenses (2)			577						1,226						152						(897)																		1,058
Total non-interest expense			1,184						2,296						404						184																		4,068
Income before income taxes			1,293						1,230						197						156																		2,876
Income tax expense (benefit)			323						308						50						(50)																		631
Net income			$	970					$	922					$	147					$	206																	$	2,245
Average assets			$	64,532					$	36,623					$	2,116					$	56,121																	$	159,392

_____

(1) Non-interest income includes $473 million, $534 million, and $663 million of revenue that is not from a contract with a customer for the years ended December 31, 2024, 2023 and 2022, respectively.

(2) See Note 18 for a detail of expenses comprising other expenses.

(3) In 2022, the Company settled a previously disclosed matter with the CFPB and received an insurance reimbursement related to the settlement