v3.26.1
Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Results of Businesses
Results of our reportable business segments for the three months ended March 31, 2026 and 2025 are as follows:
Table 85: Business Segment Results

Three months ended March 31Retail BankingCorporate & Institutional BankingAsset Management Group
In millions202620252026202520262025
Net interest income (a)(b)$3,198 $2,836 $1,817 $1,628 $189 $174 
Noninterest income770 706 1,144 978 262 243 
Total revenue (a)(b)3,968 3,542 2,961 2,606 451 417 
Provision for credit losses124 168 77 49 5 1 
Noninterest expense (c)
Personnel571 538 460 376 125 121 
Segment allocations (d)1,088 967 424 383 127 117 
Depreciation and amortization132 86 46 51 10 8 
Other (e)324 311 146 146 30 33 
Total noninterest expense2,115 1,902 1,076 956 292 279 
Income before income taxes and noncontrolling interests (a)(b)1,729 1,472 1,808 1,601 154 137 
Income taxes (a)(b)402 342 403 353 36 32 
Net income (a)(b)1,327 1,130 1,405 1,248 118 105 
Less: Net income attributable to noncontrolling interests7954— — 
Net income excluding noncontrolling interests (a)(b)$1,320 $1,121 $1,400 $1,244 $118 $105 
Average Assets (a)$130,616 $115,176 $249,789 $227,069 $14,804 $14,482 
(a)During the second quarter of 2025, certain loans and deposits, and the associated income statement impact, were transferred from the Asset Management Group to Retail Banking to better align products and services with the appropriate business segment. Prior periods have been adjusted to conform with the current presentation.
(b)During the second quarter of 2025, brokered time deposits, and the associated income statement impact, were reclassified from Retail Banking to other activities, reflecting their use for asset and liability management. Prior periods have been adjusted to conform with the current presentation.
(c)As a result of an organizational realignment, certain expenses were reclassified as corporate operations and were moved from Retail Banking to other activities during the second quarter of 2025. Prior periods have been adjusted to conform with the current presentation.
(d)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.
(e)Other is primarily comprised of other direct expenses including outside services and equipment expense.
The following table represents reconciliations of financial results for the three reportable business segments to our consolidated reporting.
Table 86: Reconciliation of Business Segment Results to Consolidated

Three months ended March 31
In millions20262025
Revenues
Total business segment revenue (a)$7,380 $6,565 
Revenues from other activities (a)(1,215)(1,113)
Total revenue$6,165 $5,452 
Noninterest Expense
Total business segment noninterest expense (b)$3,483 $3,137 
Noninterest expense from other activities (b)285 250 
Total noninterest expense$3,768 $3,387 
Net Income
Total business segment net income (a)$2,850 $2,483 
Net income (loss) from other activities (a)(1,078)(984)
Net income$1,772 $1,499 
Average Assets
Total business segment average assets $395,209 $356,727 
Average assets from other activities206,253 199,650 
Total average assets $601,462 $556,377 
(a)During the second quarter of 2025, brokered time deposits, and the associated income statement impact, were reclassified from Retail Banking to other activities, reflecting their use for asset and liability management. Prior periods have been adjusted to conform with the current presentation.
(b)As a result of an organizational realignment, certain expenses were reclassified as corporate operations and were moved from Retail Banking to other activities during the second quarter of 2025. Prior periods have been adjusted to conform with the current presentation.