| Schedule of Segment Reporting Information, by Segment |
The tables below present net income (loss) and the components thereto (with net interest income on an FTE basis) for 2016, 2015 and 2014, and total assets at December 31, 2016 and 2015 for each business segment, as well as All Other, including a reconciliation of the four business segments’ total revenue, net of interest expense, on an FTE basis, and net income to the Consolidated Statement of Income, and total assets to the Consolidated Balance Sheet.
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Results of Business Segments and All Other |
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At and for the Year Ended December 31 |
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Total Corporation (1)
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Consumer Banking |
(Dollars in millions) |
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2016 |
2015 |
2014 |
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2016 |
2015 |
2014 |
Net interest income (FTE basis) |
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$ |
41,996 |
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$ |
39,847 |
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$ |
41,630 |
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$ |
21,290 |
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$ |
20,428 |
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$ |
20,790 |
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Noninterest income |
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42,605 |
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44,007 |
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45,115 |
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10,441 |
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11,097 |
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11,038 |
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Total revenue, net of interest expense (FTE basis) |
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84,601 |
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83,854 |
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86,745 |
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31,731 |
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31,525 |
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31,828 |
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Provision for credit losses |
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3,597 |
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3,161 |
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2,275 |
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2,715 |
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2,346 |
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2,470 |
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Noninterest expense |
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54,951 |
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57,734 |
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75,656 |
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17,653 |
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18,716 |
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19,390 |
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Income before income taxes (FTE basis) |
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26,053 |
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22,959 |
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8,814 |
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11,363 |
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10,463 |
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9,968 |
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Income tax expense (FTE basis) |
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8,147 |
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7,123 |
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3,294 |
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4,190 |
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3,814 |
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3,717 |
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Net income |
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$ |
17,906 |
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$ |
15,836 |
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$ |
5,520 |
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$ |
7,173 |
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$ |
6,649 |
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$ |
6,251 |
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Year-end total assets |
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$ |
2,187,702 |
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$ |
2,144,287 |
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$ |
702,339 |
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$ |
645,427 |
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Global Wealth &
Investment Management
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Global Banking |
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2016 |
2015 |
2014 |
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2016 |
2015 |
2014 |
Net interest income (FTE basis) |
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$ |
5,759 |
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$ |
5,527 |
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$ |
5,830 |
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$ |
9,942 |
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$ |
9,244 |
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$ |
9,752 |
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Noninterest income |
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11,891 |
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12,507 |
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12,573 |
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8,488 |
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8,377 |
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8,514 |
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Total revenue, net of interest expense (FTE basis) |
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17,650 |
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18,034 |
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18,403 |
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18,430 |
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17,621 |
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18,266 |
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Provision for credit losses |
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68 |
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51 |
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14 |
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883 |
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686 |
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325 |
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Noninterest expense |
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13,182 |
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13,943 |
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13,836 |
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8,486 |
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8,481 |
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8,806 |
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Income before income taxes (FTE basis) |
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4,400 |
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4,040 |
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4,553 |
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9,061 |
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8,454 |
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9,135 |
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Income tax expense (FTE basis) |
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1,629 |
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1,473 |
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1,698 |
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3,341 |
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3,114 |
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3,353 |
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Net income |
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$ |
2,771 |
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$ |
2,567 |
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$ |
2,855 |
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$ |
5,720 |
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$ |
5,340 |
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$ |
5,782 |
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Year-end total assets |
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$ |
298,932 |
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$ |
296,271 |
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$ |
408,268 |
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$ |
386,132 |
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Global Markets |
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All Other |
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2016 |
2015 |
2014 |
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2016 |
2015 |
2014 |
Net interest income (FTE basis) |
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$ |
4,558 |
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$ |
4,191 |
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$ |
3,851 |
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$ |
447 |
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$ |
457 |
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$ |
1,407 |
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Noninterest income |
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11,532 |
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10,822 |
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12,279 |
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253 |
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1,204 |
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711 |
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Total revenue, net of interest expense (FTE basis) |
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16,090 |
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15,013 |
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16,130 |
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700 |
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1,661 |
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2,118 |
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Provision for credit losses |
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31 |
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99 |
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110 |
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(100 |
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(21 |
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(644 |
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Noninterest expense |
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10,170 |
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11,374 |
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11,989 |
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5,460 |
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5,220 |
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21,635 |
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Income (loss) before income taxes (FTE basis) |
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5,889 |
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3,540 |
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4,031 |
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(4,660 |
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(3,538 |
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(18,873 |
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Income tax expense (benefit) (FTE basis) |
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2,072 |
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1,117 |
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1,441 |
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(3,085 |
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(2,395 |
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(6,915 |
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Net income (loss) |
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$ |
3,817 |
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$ |
2,423 |
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$ |
2,590 |
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$ |
(1,575 |
) |
$ |
(1,143 |
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$ |
(11,958 |
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Year-end total assets |
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$ |
566,060 |
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$ |
548,790 |
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$ |
212,103 |
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$ |
267,667 |
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Business Segment Reconciliations |
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2016 |
2015 |
2014 |
Segments’ total revenue, net of interest expense (FTE basis) |
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$ |
83,901 |
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$ |
82,193 |
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$ |
84,627 |
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Adjustments (2):
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ALM activities |
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(286 |
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(208 |
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13 |
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Liquidating businesses and other |
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986 |
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1,869 |
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2,105 |
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FTE basis adjustment |
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(900 |
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(889 |
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(851 |
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Consolidated revenue, net of interest expense |
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$ |
83,701 |
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$ |
82,965 |
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$ |
85,894 |
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Segments’ total net income |
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19,481 |
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16,979 |
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17,478 |
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Adjustments, net-of-taxes (2):
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ALM activities |
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(642 |
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(694 |
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(262 |
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Liquidating businesses and other |
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(933 |
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(449 |
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(11,696 |
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Consolidated net income |
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$ |
17,906 |
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$ |
15,836 |
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$ |
5,520 |
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December 31 |
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2016 |
2015 |
Segments’ total assets |
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$ |
1,975,599 |
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$ |
1,876,620 |
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Adjustments (2):
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ALM activities, including securities portfolio |
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613,058 |
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612,364 |
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Liquidating businesses and other (3)
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117,708 |
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144,310 |
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Elimination of segment asset allocations to match liabilities |
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(518,663 |
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(489,007 |
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Consolidated total assets |
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$ |
2,187,702 |
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$ |
2,144,287 |
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(1) |
There were no material intersegment revenues. |
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(2) |
Adjustments include consolidated income, expense and asset amounts not specifically allocated to individual business segments. |
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(3) |
Includes assets of the non-U.S. consumer credit card business which are included in assets of business held for sale on the Consolidated Balance Sheet. |
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