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Consolidated Results

Summary Financial Data			3


Consolidated Statement of Income			5


Consolidated Balance Sheet			6
Average Balances and Interest Rates (Taxable-Equivalent Basis)			7









Reportable Operating Segment Results
Combined Segment Results			8
Consumer Banking and Lending			10
Commercial Banking			12
Corporate and Investment Banking			14
Wealth and Investment Management			16
Corporate			17

Credit-Related Information
Consolidated Loans Outstanding – Period End Balances, Average Balances, and Average Interest Rates			18
Net Loan Charge-offs			19
Changes in Allowance for Credit Losses for Loans			20
Allocation of the Allowance for Credit Losses for Loans			21
Nonperforming Assets (Nonaccrual Loans and Foreclosed Assets)			22


Commercial and Industrial Loans and Lease Financing by Industry			23
Commercial Real Estate Loans by Property Type			24

Equity
Tangible Common Equity			25
Risk-Based Capital Ratios Under Basel III – Standardized Approach			27
Risk-Based Capital Ratios Under Basel III – Advanced Approach			28


	Quarter ended							Dec 31, 2021 % Change from			Year ended
(in millions, except per share amounts)	Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021			Dec 31, 2020	% Change
Selected Income Statement Data
Total revenue	$	20,856		18,834	20,270	18,532	18,489	11	%	13	$	78,492		74,264	6	%
Noninterest expense	13,198			13,303	13,341	13,989	14,802	(1)		(11)	53,831			57,630	(7)
Pre-tax pre-provision profit (PTPP) (1)	7,658			5,531	6,929	4,543	3,687	38		108	24,661			16,634	48
Provision for credit losses	(452)			(1,395)	(1,260)	(1,048)	(179)	68		NM	(4,155)			14,129	NM
Wells Fargo net income	5,750			5,122	6,040	4,636	3,091	12		86	21,548			3,377	538
Wells Fargo net income applicable to common stock	5,470			4,787	5,743	4,256	2,741	14		100	20,256			1,786	NM

Common Share Data
Diluted earnings (loss) per common share	1.38			1.17	1.38	1.02	0.66	18		109	4.95			0.43	NM
Dividends declared per common share	0.20			0.20	0.10	0.10	0.10	—		100	0.60			1.22	(51)
Common shares outstanding	3,885.8			3,996.9	4,108.0	4,141.1	4,144.0	(3)		(6)
Average common shares outstanding	3,927.6			4,056.3	4,124.6	4,141.3	4,137.6	(3)		(5)	4,061.9			4,118.0	(1)
Diluted average common shares outstanding	3,964.7			4,090.4	4,156.1	4,171.0	4,151.3	(3)		(4)	4,096.2			4,134.2	(1)
Book value per common share (2)	$	43.32		42.47	41.74	40.27	39.71	2		9
Tangible book value per common share (2)(3)	36.35			35.54	34.95	33.49	32.99	2		10

Selected Equity Data (period-end)
Total equity	190,110			191,071	193,127	188,034	185,712	(1)		2
Common stockholders' equity	168,331			169,753	171,453	166,748	164,570	(1)		2
Tangible common equity (3)	141,254			142,047	143,577	138,702	136,727	(1)		3

Performance Ratios
Return on average assets (ROA) (4)	1.17		%	1.04	1.25	0.97	0.64				1.11		%	0.17
Return on average equity (ROE) (5)	12.8			11.1	13.6	10.3	6.6				12.0			1.1
Return on average tangible common equity (ROTCE) (3)	15.3			13.2	16.3	12.4	8.0				14.3			1.3
Efficiency ratio (6)	63			71	66	75	80				69			78
Net interest margin on a taxable-equivalent basis	2.11			2.03	2.02	2.05	2.16				2.05			2.28


	Quarter ended							Dec 31, 2021 % Change from			Year ended
($ in millions, unless otherwise noted)	Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021		Dec 31, 2020	% Change
Selected Balance Sheet Data (average)
Loans	$	875,036		854,024	854,747	873,439	899,704	2	%	(3)	$	864,288	941,788	(8)	%
Assets	1,943,430			1,949,700	1,939,879	1,934,425	1,925,013	—		1	1,941,905		1,941,709	—
Deposits	1,470,027			1,450,941	1,435,824	1,393,472	1,380,100	1		7	1,437,812		1,376,011	4

Selected Balance Sheet Data (period-end)
Debt securities	537,531			542,993	533,565	505,826	501,207	(1)		7
Loans	895,394			862,827	852,300	861,572	887,637	4		1
Allowance for credit losses for loans	13,788			14,705	16,391	18,043	19,713	(6)		(30)
Equity securities	72,886			66,526	64,547	57,702	60,008	10		21
Assets	1,948,068			1,954,901	1,945,996	1,957,264	1,952,911	—		—
Deposits	1,482,479			1,470,379	1,440,472	1,437,119	1,404,381	1		6

Headcount (#) (period-end)	249,435			253,871	259,196	264,513	268,531	(2)		(7)

Capital and other metrics (1)
Risk-based capital ratios and components (2):
Standardized Approach:
Common Equity Tier 1 (CET1)	11.4		%	11.6	12.1	11.8	11.6
Tier 1 capital	12.9			13.2	13.7	13.5	13.3
Total capital	15.9			16.2	16.8	16.8	16.5
Risk-weighted assets (RWAs) (in billions)	$	1,238.0		1,218.9	1,188.7	1,179.0	1,193.7	2		4

Advanced Approach:
Common Equity Tier 1 (CET1)	12.6		%	12.4	12.7	12.6	11.9
Tier 1 capital	14.3			14.1	14.5	14.4	13.7
Total capital	16.7			16.5	16.9	16.9	16.1
Risk-weighted assets (RWAs) (in billions)	$	1,116.7		1,138.6	1,126.5	1,109.4	1,158.4	(2)		(4)

Tier 1 leverage ratio	8.3		%	8.4	8.5	8.4	8.3
Supplementary Leverage Ratio (SLR)	6.9			6.9	7.1	7.9	8.1
Total Loss Absorbing Capacity (TLAC) Ratio (3)	23.0			23.7	25.1	25.2	25.7
Liquidity Coverage Ratio (LCR) (4)	118			119	123	127	133


	Quarter ended						Dec 31, 2021 % Change from			Year ended
(in millions, except per share amounts)	Dec 31, 2021		Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021		Dec 31, 2020	% Change







Interest income	$	10,121	9,834	9,693	10,046	10,550	3	%	(4)	$	39,694	47,919	(17)	%





Interest expense	859		925	893	1,238	1,195	(7)		(28)	3,915		7,963	(51)
Net interest income	9,262		8,909	8,800	8,808	9,355	4		(1)	35,779		39,956	(10)
Noninterest income
Deposit-related fees	1,462		1,416	1,342	1,255	1,333	3		10	5,475		5,221	5
Lending-related fees	357		365	362	361	356	(2)		—	1,445		1,381	5
Investment advisory and other asset-based fees	2,579		2,882	2,794	2,756	2,598	(11)		(1)	11,011		9,863	12
Commissions and brokerage services fees	558		525	580	636	589	6		(5)	2,299		2,384	(4)
Investment banking fees	669		547	570	568	486	22		38	2,354		1,865	26
Card fees	1,071		1,078	1,077	949	943	(1)		14	4,175		3,544	18
Mortgage banking	1,035		1,259	1,336	1,326	1,207	(18)		(14)	4,956		3,493	42
Net gains (losses) from trading activities	(177)		92	21	348	(60)	NM		NM	284		1,172	(76)
Net gains on debt securities	119		283	—	151	160	(58)		(26)	553		873	(37)
Net gains from equity securities	2,470		869	2,696	392	884	184		179	6,427		665	866
Lease income	46		322	313	315	224	(86)		(79)	996		1,245	(20)
Other	1,405		287	379	667	414	390		239	2,738		2,602	5
Total noninterest income	11,594		9,925	11,470	9,724	9,134	17		27	42,713		34,308	24
Total revenue	20,856		18,834	20,270	18,532	18,489	11		13	78,492		74,264	6



Provision for credit losses	(452)		(1,395)	(1,260)	(1,048)	(179)	68		NM	(4,155)		14,129	NM
Noninterest expense
Personnel	8,475		8,690	8,818	9,558	8,948	(2)		(5)	35,541		34,811	2
Technology, telecommunications and equipment	827		741	815	844	838	12		(1)	3,227		3,099	4
Occupancy	725		738	735	770	826	(2)		(12)	2,968		3,263	(9)
Operating losses	512		540	303	213	621	(5)		(18)	1,568		3,523	(55)
Professional and outside services	1,468		1,417	1,450	1,388	1,664	4		(12)	5,723		6,706	(15)
Leases (1)	195		220	226	226	227	(11)		(14)	867		1,022	(15)
Advertising and promotion	225		153	132	90	138	47		63	600		600	—
Restructuring charges	66		1	(4)	13	781	NM		(92)	76		1,499	(95)
Other	705		803	866	887	759	(12)		(7)	3,261		3,107	5
Total noninterest expense	13,198		13,303	13,341	13,989	14,802	(1)		(11)	53,831		57,630	(7)
Income before income tax expense (benefit)	8,110		6,926	8,189	5,591	3,866	17		110	28,816		2,505	NM
Income tax expense (benefit)	1,711		1,521	1,445	901	574	12		198	5,578		(1,157)	NM
Net income before noncontrolling interests	6,399		5,405	6,744	4,690	3,292	18		94	23,238		3,662	535
Less: Net income from noncontrolling interests	649		283	704	54	201	129		223	1,690		285	493
Wells Fargo net income	$	5,750	5,122	6,040	4,636	3,091	12		86	$	21,548	3,377	538
Less: Preferred stock dividends and other	280		335	297	380	350	(16)		(20)	1,292		1,591	(19)
Wells Fargo net income applicable to common stock	$	5,470	4,787	5,743	4,256	2,741	14		100	$	20,256	1,786	NM
Per share information
Earnings per common share	$	1.39	1.18	1.39	1.03	0.66	18		111	$	4.99	0.43	NM
Diluted earnings per common share	1.38		1.17	1.38	1.02	0.66	18		109	4.95		0.43	NM


							Dec 31, 2021 % Change from
(in millions)	Dec 31, 2021		Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020
Assets
Cash and due from banks	$	24,616	25,509	25,304	28,339	28,236	(4)	%	(13)
Interest-earning deposits with banks	209,614		241,178	248,869	258,394	236,376	(13)		(11)
Total cash, cash equivalents, and restricted cash	234,230		266,687	274,173	286,733	264,612	(12)		(11)
Federal funds sold and securities purchased under resale agreements	66,223		67,807	70,149	79,502	65,672	(2)		1
Debt securities:
Trading, at fair value	88,265		94,943	82,727	72,784	75,095	(7)		18
Available-for-sale, at fair value	177,244		185,557	189,897	200,850	220,392	(4)		(20)
Held-to-maturity, at amortized cost	272,022		262,493	260,941	232,192	205,720	4		32
Loans held for sale	23,617		24,811	25,594	35,434	36,384	(5)		(35)
Loans	895,394		862,827	852,300	861,572	887,637	4		1
Allowance for loan losses	(12,490)		(13,517)	(15,148)	(16,928)	(18,516)	8		33
Net loans	882,904		849,310	837,152	844,644	869,121	4		2
Mortgage servicing rights	8,189		8,148	8,009	8,832	7,437	1		10
Premises and equipment, net	8,571		8,599	8,745	8,760	8,895	—		(4)
Goodwill	25,180		26,191	26,194	26,290	26,392	(4)		(5)
Derivative assets	21,478		27,060	25,415	25,429	25,846	(21)		(17)
Equity securities	72,886		66,526	64,547	57,702	60,008	10		21
Other assets	67,259		66,769	72,453	78,112	87,337	1		(23)
Total assets	$	1,948,068	1,954,901	1,945,996	1,957,264	1,952,911	—		—
Liabilities
Noninterest-bearing deposits	$	527,748	529,051	504,108	494,087	467,068	—		13
Interest-bearing deposits	954,731		941,328	936,364	943,032	937,313	1		2
Total deposits	1,482,479		1,470,379	1,440,472	1,437,119	1,404,381	1		6
Short-term borrowings	34,409		41,980	45,635	58,920	58,999	(18)		(42)
Derivative liabilities	9,424		12,976	14,551	14,930	16,509	(27)		(43)
Accrued expenses and other liabilities	70,957		75,513	72,555	74,949	74,360	(6)		(5)
Long-term debt	160,689		162,982	179,656	183,312	212,950	(1)		(25)
Total liabilities	1,757,958		1,763,830	1,752,869	1,769,230	1,767,199	—		(1)
Equity
Wells Fargo stockholders’ equity:
Preferred stock	20,057		20,270	20,820	21,170	21,136	(1)		(5)
Common stock – $1-2/3 par value, authorized 9,000,000,000 shares; issued 5,481,811,474 shares	9,136		9,136	9,136	9,136	9,136	—		—
Additional paid-in capital	60,196		60,134	60,018	59,854	60,197	—		—
Retained earnings	180,322		175,709	171,765	166,458	162,683	3		11
Cumulative other comprehensive income (loss)	(1,702)		(1,177)	(564)	(1,250)	194	(45)		NM
Treasury stock (1)	(79,757)		(74,169)	(69,038)	(67,589)	(67,791)	(8)		(18)
Unearned ESOP shares	(646)		(875)	(875)	(875)	(875)	26		26
Total Wells Fargo stockholders’ equity	187,606		189,028	191,262	186,904	184,680	(1)		2
Noncontrolling interests	2,504		2,043	1,865	1,130	1,032	23		143
Total equity	190,110		191,071	193,127	188,034	185,712	(1)		2
Total liabilities and equity	$	1,948,068	1,954,901	1,945,996	1,957,264	1,952,911	—		—


	Quarter ended							Dec 31, 2021 % Change from			Year ended				% Change
($ in millions)	Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021			Dec 31, 2020
Average Balances

Assets
Interest-earning deposits with banks	$	216,061		250,314	255,237	223,437	222,010	(14)	%	(3)	$	236,281		186,386	27	%
Federal funds sold and securities purchased under resale agreements	65,388			68,912	72,513	72,148	67,023	(5)		(2)	69,720			82,798	(16)
Trading debt securities	92,597			88,476	84,612	87,383	93,877	5		(1)	88,282			94,731	(7)
Available-for-sale debt securities	178,770			179,237	192,418	206,946	214,042	—		(16)	189,237			229,077	(17)
Held-to-maturity debt securities	264,695			261,182	237,812	216,826	192,697	1		37	245,304			173,505	41
Loans held for sale	24,149			24,490	27,173	34,554	29,436	(1)		(18)	27,554			27,493	—


Loans	875,036			854,024	854,747	873,439	899,704	2		(3)	864,288			941,788	(8)
Equity securities	35,711			32,790	29,773	29,434	25,744	9		39	31,946			28,950	10
Other	11,514			10,070	9,103	9,498	7,896	14		46	10,052			7,505	34
Total interest-earning assets	1,763,921			1,769,495	1,763,388	1,753,665	1,752,429	—		1	1,762,664			1,772,233	(1)
Total noninterest-earning assets	179,509			180,205	176,491	180,760	172,584	—		4	179,241			169,476	6
Total assets	$	1,943,430		1,949,700	1,939,879	1,934,425	1,925,013	—		1	$	1,941,905		1,941,709	—
Liabilities
Interest-bearing deposits	$	938,682		941,014	941,746	931,116	925,729	—		1	$	938,168		963,342	(3)
Short-term borrowings	37,845			43,899	48,505	59,082	57,304	(14)		(34)	47,265			70,206	(33)
Long-term debt	161,335			174,643	181,101	198,340	214,223	(8)		(25)	178,742			224,587	(20)
Other liabilities	28,245			30,387	27,718	28,875	25,949	(7)		9	28,809			28,435	1
Total interest-bearing liabilities	1,166,107			1,189,943	1,199,070	1,217,413	1,223,205	(2)		(5)	1,192,984			1,286,570	(7)
Noninterest-bearing demand deposits	531,345			509,927	494,078	462,356	454,371	4		17	499,644			412,669	21
Other noninterest-bearing liabilities	55,234			55,789	55,763	65,582	61,993	(1)		(11)	58,058			57,781	—
Total liabilities	1,752,686			1,755,659	1,748,911	1,745,351	1,739,569	—		1	1,750,686			1,757,020	—
Total equity	190,744			194,041	190,968	189,074	185,444	(2)		3	191,219			184,689	4
Total liabilities and equity	$	1,943,430		1,949,700	1,939,879	1,934,425	1,925,013	—		1	$	1,941,905		1,941,709	—

Average Interest Rates

Interest-earning assets
Interest-earning deposits with banks	0.16		%	0.15	0.11	0.10	0.10				0.13		%	0.29
Federal funds sold and securities purchased under resale agreements	(0.01)			0.03	0.02	0.04	0.05				0.02			0.47
Trading debt securities	2.39			2.33	2.37	2.45	2.40				2.39			2.69
Available-for-sale debt securities	1.55			1.57	1.43	1.63	1.78				1.55			2.29
Held-to-maturity debt securities	1.86			1.87	1.86	1.90	1.95				1.87			2.21
Loans held for sale	2.79			2.81	2.85	3.85	3.56				3.14			3.45


Loans	3.32			3.29	3.33	3.34	3.43				3.32			3.64
Equity securities	2.16			1.78	1.77	1.87	2.04				1.91			1.92
Other	0.09			0.09	0.04	0.03	—				0.06			0.18
Total interest-earning assets	2.31			2.24	2.23	2.33	2.43				2.28			2.73
Interest-bearing liabilities
Interest-bearing deposits	0.04			0.04	0.04	0.05	0.07				0.04			0.29
Short-term borrowings	(0.14)			(0.06)	(0.09)	(0.06)	(0.08)				(0.09)			0.36
Long-term debt	1.71			1.71	1.57	2.07	1.78				1.78			1.99
Other liabilities	1.38			1.15	1.47	1.50	1.38				1.37			1.54
Total interest-bearing liabilities	0.29			0.31	0.30	0.41	0.39				0.33			0.62

Interest rate spread on a taxable-equivalent basis (2)	2.02			1.93	1.93	1.92	2.04				1.95			2.11
Net interest margin on a taxable-equivalent basis (2)	2.11			2.03	2.02	2.05	2.16				2.05			2.28


						Quarter ended December 31, 2021
(in millions)	Consumer Banking and Lending		Commercial Banking	Corporate and Investment Banking	Wealth and Investment Management	Corporate (2)	Reconciling Items (3)	Consolidated Company
Net interest income	$	5,867	1,273	1,982	666	(420)	(106)	9,262
Noninterest income	2,866		1,011	1,530	2,982	3,540	(335)	11,594
Total revenue	8,733		2,284	3,512	3,648	3,120	(441)	20,856
Provision for credit losses	126		(384)	(194)	(3)	3	—	(452)
Noninterest expense	6,126		1,393	1,765	2,898	1,016	—	13,198
Income (loss) before income tax expense (benefit)	2,481		1,275	1,941	753	2,101	(441)	8,110
Income tax expense (benefit)	619		318	488	189	538	(441)	1,711
Net income before noncontrolling interests	1,862		957	1,453	564	1,563	—	6,399
Less: Net income (loss) from noncontrolling interests	—		3	(1)	—	647	—	649
Net income	$	1,862	954	1,454	564	916	—	5,750

						Quarter ended September 30, 2021
Net interest income	$	5,707	1,231	1,866	637	(427)	(105)	8,909
Noninterest income	3,097		845	1,519	2,981	1,752	(269)	9,925
Total revenue	8,804		2,076	3,385	3,618	1,325	(374)	18,834
Provision for credit losses	(518)		(335)	(460)	(73)	(9)	—	(1,395)
Noninterest expense	6,053		1,396	1,797	2,917	1,140	—	13,303
Income (loss) before income tax expense (benefit)	3,269		1,015	2,048	774	194	(374)	6,926
Income tax expense (benefit)	818		254	518	195	110	(374)	1,521
Net income before noncontrolling interests	2,451		761	1,530	579	84	—	5,405
Less: Net income from noncontrolling interests	—		2	—	—	281	—	283
Net income (loss)	$	2,451	759	1,530	579	(197)	—	5,122

						Quarter ended December 31, 2020
Net interest income	$	5,741	1,439	1,811	714	(230)	(120)	9,355
Noninterest income	2,872		814	1,343	2,733	1,692	(320)	9,134
Total revenue	8,613		2,253	3,154	3,447	1,462	(440)	18,489
Provision for credit losses	351		69	186	(4)	(781)	—	(179)
Noninterest expense	6,441		1,547	1,798	2,770	2,246	—	14,802
Income (loss) before income tax expense (benefit)	1,821		637	1,170	681	(3)	(440)	3,866
Income tax expense (benefit)	457		163	282	171	(59)	(440)	574
Net income before noncontrolling interests	1,364		474	888	510	56	—	3,292
Less: Net income (loss) from noncontrolling interests	—		2	(1)	—	200	—	201
Net income (loss)	$	1,364	472	889	510	(144)	—	3,091



						Year ended December 31, 2021
(in millions)	Consumer Banking and Lending		Commercial Banking	Corporate and Investment Banking	Wealth and Investment Management	Corporate (2)	Reconciling Items (3)	Consolidated Company
Net interest income	$	22,807	4,960	7,410	2,570	(1,541)	(427)	35,779
Noninterest income	12,070		3,589	6,429	11,776	10,036	(1,187)	42,713
Total revenue	34,877		8,549	13,839	14,346	8,495	(1,614)	78,492
Provision for credit losses	(1,178)		(1,500)	(1,439)	(95)	57	—	(4,155)
Noninterest expense	24,648		5,862	7,200	11,734	4,387	—	53,831
Income (loss) before income tax expense (benefit)	11,407		4,187	8,078	2,707	4,051	(1,614)	28,816
Income tax expense (benefit)	2,852		1,045	2,019	680	596	(1,614)	5,578
Net income before noncontrolling interests	8,555		3,142	6,059	2,027	3,455	—	23,238
Less: Net income (loss) from noncontrolling interests	—		8	(3)	—	1,685	—	1,690
Net income	$	8,555	3,134	6,062	2,027	1,770	—	21,548

						Year ended December 31, 2020
Net interest income	$	23,378	6,134	7,509	2,988	441	(494)	39,956
Noninterest income	10,638		3,041	6,419	10,225	4,916	(931)	34,308
Total revenue	34,016		9,175	13,928	13,213	5,357	(1,425)	74,264
Provision for credit losses	5,662		3,744	4,946	249	(472)	—	14,129
Noninterest expense	26,976		6,323	7,703	10,912	5,716	—	57,630
Income (loss) before income tax expense (benefit)	1,378		(892)	1,279	2,052	113	(1,425)	2,505
Income tax expense (benefit)	302		(208)	330	514	(670)	(1,425)	(1,157)
Net income (loss) before noncontrolling interests	1,076		(684)	949	1,538	783	—	3,662
Less: Net income (loss) from noncontrolling interests	—		5	(1)	—	281	—	285
Net income (loss)	$	1,076	(689)	950	1,538	502	—	3,377


	Quarter ended						Dec 31, 2021 % Change from			Year ended
($ in millions)	Dec 31, 2021		Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021		Dec 31, 2020	% Change
Income Statement
Net interest income	$	5,867	5,707	5,618	5,615	5,741	3	%	2	$	22,807	23,378	(2)	%
Noninterest income:
Deposit-related fees	853		799	732	661	742	7		15	3,045		2,904	5
Card fees	1,007		1,014	1,017	892	890	(1)		13	3,930		3,318	18
Mortgage banking	905		1,168	1,158	1,259	1,082	(23)		(16)	4,490		3,224	39
Other	101		116	161	227	158	(13)		(36)	605		1,192	(49)
Total noninterest income	2,866		3,097	3,068	3,039	2,872	(7)		—	12,070		10,638	13
Total revenue	8,733		8,804	8,686	8,654	8,613	(1)		1	34,877		34,016	3
Net charge-offs	408		302	359	370	332	35		23	1,439		1,875	(23)
Change in the allowance for credit losses	(282)		(820)	(726)	(789)	19	66		NM	(2,617)		3,787	NM
Provision for credit losses	126		(518)	(367)	(419)	351	124		(64)	(1,178)		5,662	NM
Noninterest expense	6,126		6,053	6,202	6,267	6,441	1		(5)	24,648		26,976	(9)
Income before income tax expense	2,481		3,269	2,851	2,806	1,821	(24)		36	11,407		1,378	728
Income tax expense	619		818	713	702	457	(24)		35	2,852		302	844
Net income	$	1,862	2,451	2,138	2,104	1,364	(24)		37	$	8,555	1,076	695
Revenue by Line of Business
Consumer and Small Business Banking	$	4,872	4,822	4,714	4,550	4,701	1		4	$	18,958	18,684	1
Consumer Lending:
Home Lending	1,843		2,012	2,072	2,227	1,995	(8)		(8)	8,154		7,875	4
Credit Card	1,419		1,399	1,363	1,346	1,372	1		3	5,527		5,288	5
Auto	470		445	415	403	403	6		17	1,733		1,575	10
Personal Lending	129		126	122	128	142	2		(9)	505		594	(15)
Total revenue	$	8,733	8,804	8,686	8,654	8,613	(1)		1	$	34,877	34,016	3
Selected Balance Sheet Data (average)
Loans by Line of Business:
Home Lending	$	214,900	217,011	223,229	243,036	265,292	(1)		(19)	$	224,446	268,586	(16)
Auto	55,773		53,043	50,762	49,518	48,966	5		14	52,293		49,460	6
Credit Card	37,041		35,407	34,211	35,205	36,135	5		3	35,471		37,093	(4)
Small Business	12,573		15,122	18,768	20,137	17,929	(17)		(30)	16,625		15,173	10
Personal Lending	5,121		4,974	4,922	5,185	5,547	3		(8)	5,050		6,151	(18)
Total loans	$	325,408	325,557	331,892	353,081	373,869	—		(13)	$	333,885	376,463	(11)
Total deposits	864,373		848,419	835,752	789,439	763,177	2		13	834,739		722,085	16
Allocated capital	48,000		48,000	48,000	48,000	48,000	—		—	48,000		48,000	—

Selected Balance Sheet Data (period-end)
Loans by Line of Business:
Home Lending	$	214,407	216,649	218,626	230,478	253,942	(1)		(16)	$	214,407	253,942	(16)
Auto	57,260		54,472	51,784	50,007	49,072	5		17	57,260		49,072	17
Credit Card	38,453		36,061	34,936	34,246	36,664	7		5	38,453		36,664	5
Small Business	11,270		13,686	16,494	20,820	17,743	(18)		(36)	11,270		17,743	(36)
Personal Lending	5,184		5,050	4,920	4,998	5,375	3		(4)	5,184		5,375	(4)
Total loans	$	326,574	325,918	326,760	340,549	362,796	—		(10)	$	326,574	362,796	(10)
Total deposits	883,674		858,424	840,434	837,765	784,565	3		13	883,674		784,565	13


	Quarter ended							Dec 31, 2021 % Change from			Year ended
($ in millions, unless otherwise noted)	Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021			Dec 31, 2020	% Change
Selected Metrics
Consumer Banking and Lending:
Return on allocated capital (1)	14.8		%	19.7	17.3	17.2	10.7				17.2		%	1.6
Efficiency ratio (2)	70			69	71	72	75				71			79
Headcount (#) (period-end)	112,913			114,334	116,185	123,547	125,034	(1)	%	(10)	112,913			125,034	(10)	%
Retail bank branches (#)	4,777			4,796	4,878	4,944	5,032	—		(5)	4,777			5,032	(5)
Digital active customers (# in millions) (3)	33.0			32.7	32.6	32.9	32.0	1		3	33.0			32.0	3
Mobile active customers (# in millions) (3)	27.3			27.0	26.8	26.7	26.0	1		5	27.3			26.0	5

Consumer and Small Business Banking:
Deposit spread (4)	1.4		%	1.5	1.5	1.6	1.7				1.5		%	1.8
Debit card purchase volume ($ in billions) (5)	$	122.4		118.6	122.0	108.5	105.3	3		16	$	471.5		391.9	20
Debit card purchase transactions (# in millions) (5)	2,523			2,515	2,504	2,266	2,297	—		10	9,808			8,792	12

Home Lending:
Mortgage banking:
Net servicing income	$	125		109	(76)	(123)	(82)	15		252	$	35		(160)	122
Net gains on mortgage loan originations/sales	780			1,059	1,234	1,382	1,164	(26)		(33)	4,455			3,384	32
Total mortgage banking	$	905		1,168	1,158	1,259	1,082	(23)		(16)	$	4,490		3,224	39

Originations ($ in billions):
Retail	$	32.8		35.2	36.9	33.6	32.3	(7)		2	$	138.5		118.7	17
Correspondent	15.3			16.7	16.3	18.2	21.6	(8)		(29)	66.5			104.0	(36)
Total originations	$	48.1		51.9	53.2	51.8	53.9	(7)		(11)	$	205.0		222.7	(8)

% of originations held for sale (HFS)	55.7		%	60.6	65.6	75.8	75.2				64.6		%	73.9
Third party mortgage loans serviced (period-end) ($ in billions) (6)	$	716.8		739.5	769.4	801.0	856.7	(3)		(16)	$	716.8		856.7	(16)
Mortgage servicing rights (MSR) carrying value (period-end)	6,920			6,862	6,717	7,536	6,125	1		13	6,920			6,125	13
Ratio of MSR carrying value (period-end) to third party mortgage loans serviced (period-end) (6)	0.97		%	0.93	0.87	0.94	0.71				0.97		%	0.71
Home lending loans 30+ days or more delinquency rate (7)(8)	0.38			0.45	0.51	0.56	0.64				0.38			0.64

Credit Card:
Point of sale (POS) volume ($ in billions)	$	29.4		26.5	25.5	21.1	22.9	11		28	$	102.5		81.6	26
New accounts (# in thousands) (9)	525			526	323	266	240	—		119	1,640			1,022	60
Credit card loans 30+ days or more delinquency rate (8)	1.50		%	1.40	1.46	2.01	2.17				1.50		%	2.17

Auto:
Auto originations ($ in billions)	$	9.4		9.2	8.3	7.0	5.3	2		77	$	33.9		22.8	49
Auto loans 30+ days or more delinquency rate (8)	1.84		%	1.46	1.30	1.22	1.77				1.84		%	1.77

Personal Lending:
New funded balances	$	798		731	565	413	294	9		171	$	2,507		1,599	57


	Quarter ended							Dec 31, 2021 % Change from			Year ended
($ in millions)	Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021			Dec 31, 2020	% Change
Income Statement
Net interest income	$	1,273		1,231	1,202	1,254	1,439	3	%	(12)	$	4,960		6,134	(19)	%
Noninterest income:
Deposit-related fees	320			323	325	317	311	(1)		3	1,285			1,219	5
Lending-related fees	129			132	135	136	138	(2)		(7)	532			531	—
Lease income	170			165	173	174	73	3		133	682			646	6
Other	392			225	273	200	292	74		34	1,090			645	69
Total noninterest income	1,011			845	906	827	814	20		24	3,589			3,041	18
Total revenue	2,284			2,076	2,108	2,081	2,253	10		1	8,549			9,175	(7)
Net charge-offs	(7)			16	53	39	81	NM		NM	101			590	(83)
Change in the allowance for credit losses	(377)			(351)	(435)	(438)	(12)	(7)		NM	(1,601)			3,154	NM
Provision for credit losses	(384)			(335)	(382)	(399)	69	(15)		NM	(1,500)			3,744	NM
Noninterest expense	1,393			1,396	1,443	1,630	1,547	—		(10)	5,862			6,323	(7)
Income (loss) before income tax expense (benefit)	1,275			1,015	1,047	850	637	26		100	4,187			(892)	569
Income tax expense (benefit)	318			254	261	212	163	25		95	1,045			(208)	602
Less: Net income from noncontrolling interests	3			2	2	1	2	50		50	8			5	60
Net income (loss)	$	954		759	784	637	472	26		102	$	3,134		(689)	555

Revenue by Line of Business
Middle Market Banking	$	1,167		1,165	1,151	1,159	1,149	—		2	$	4,642		5,067	(8)
Asset-Based Lending and Leasing	1,117			911	957	922	1,104	23		1	3,907			4,108	(5)
Total revenue	$	2,284		2,076	2,108	2,081	2,253	10		1	$	8,549		9,175	(7)

Revenue by Product
Lending and leasing	$	1,236		1,190	1,207	1,202	1,262	4		(2)	$	4,835		5,432	(11)
Treasury management and payments	711			713	680	721	733	—		(3)	2,825			3,205	(12)
Other	337			173	221	158	258	95		31	889			538	65
Total revenue	$	2,284		2,076	2,108	2,081	2,253	10		1	$	8,549		9,175	(7)

Selected Metrics
Return on allocated capital	18.5		%	14.5	15.2	12.3	8.6				15.1		%	(4.5)
Efficiency ratio	61			67	68	78	69				69			69
Headcount (#) (period-end)	18,397			18,638	19,647	20,486	20,241	(1)		(9)	18,397			20,241	(9)


	Quarter ended						Dec 31, 2021 % Change from			Year ended
($ in millions)	Dec 31, 2021		Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021		Dec 31, 2020	% Change
Selected Balance Sheet Data (average)
Loans:
Commercial and industrial	$	125,011	118,039	117,585	120,929	125,525	6	%	—	$	120,396	143,263	(16)	%
Commercial real estate	45,755		46,576	47,203	48,574	50,441	(2)		(9)	47,018		52,220	(10)
Lease financing and other	13,855		14,007	13,784	13,640	14,937	(1)		(7)	13,823		15,953	(13)
Total loans	$	184,621	178,622	178,572	183,143	190,903	3		(3)	$	181,237	211,436	(14)

Loans by Line of Business:
Middle Market Banking	$	103,594	101,523	102,054	104,379	102,692	2		1	$	102,882	112,848	(9)
Asset-Based Lending and Leasing	81,027		77,099	76,518	78,764	88,211	5		(8)	78,355		98,588	(21)
Total loans	$	184,621	178,622	178,572	183,143	190,903	3		(3)	$	181,237	211,436	(14)

Total deposits	207,678		199,226	192,586	189,364	184,864	4		12	197,269		178,946	10
Allocated capital	19,500		19,500	19,500	19,500	19,500	—		—	19,500		19,500	—

Selected Balance Sheet Data (period-end)
Loans:
Commercial and industrial	$	131,078	120,203	117,782	119,322	124,253	9		5	$	131,078	124,253	5
Commercial real estate	45,467		46,318	46,905	47,832	49,903	(2)		(9)	45,467		49,903	(9)
Lease financing and other	13,803		14,018	14,218	13,534	14,821	(2)		(7)	13,803		14,821	(7)
Total loans	$	190,348	180,539	178,905	180,688	188,977	5		1	$	190,348	188,977	1

Loans by Line of Business:
Middle Market Banking	$	106,834	102,279	102,062	102,372	101,193	4		6	$	106,834	101,193	6
Asset-Based Lending and Leasing	83,514		78,260	76,843	78,316	87,784	7		(5)	83,514		87,784	(5)
Total loans	$	190,348	180,539	178,905	180,688	188,977	5		1	$	190,348	188,977	1

Total deposits	205,428		204,853	197,461	191,948	188,292	—		9	205,428		188,292	9


	Quarter ended							Dec 31, 2021 % Change from			Year ended
($ in millions)	Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021			Dec 31, 2020	% Change
Income Statement
Net interest income	$	1,982		1,866	1,783	1,779	1,811	6	%	9	$	7,410		7,509	(1)	%
Noninterest income:
Deposit-related fees	283			286	277	266	272	(1)		4	1,112			1,062	5
Lending-related fees	192			196	190	183	178	(2)		8	761			684	11
Investment banking fees	678			536	580	611	459	26		48	2,405			1,952	23
Net gains (losses) on trading activities	(174)			85	30	331	(28)	NM		NM	272			1,190	(77)
Other	551			416	478	434	462	32		19	1,879			1,531	23
Total noninterest income	1,530			1,519	1,555	1,825	1,343	1		14	6,429			6,419	—
Total revenue	3,512			3,385	3,338	3,604	3,154	4		11	13,839			13,928	(1)
Net charge-offs	8			(48)	(19)	37	177	117		(95)	(22)			742	NM
Change in the allowance for credit losses	(202)			(412)	(482)	(321)	9	51		NM	(1,417)			4,204	NM
Provision for credit losses	(194)			(460)	(501)	(284)	186	58		NM	(1,439)			4,946	NM
Noninterest expense	1,765			1,797	1,805	1,833	1,798	(2)		(2)	7,200			7,703	(7)
Income before income tax expense	1,941			2,048	2,034	2,055	1,170	(5)		66	8,078			1,279	532
Income tax expense	488			518	513	500	282	(6)		73	2,019			330	512
Less: Net loss from noncontrolling interests	(1)			—	(2)	—	(1)	NM		—	(3)			(1)	NM
Net income	$	1,454		1,530	1,523	1,555	889	(5)		64	$	6,062		950	538

Revenue by Line of Business
Banking:
Lending	$	519		502	474	453	424	3		22	$	1,948		1,767	10
Treasury Management and Payments	373			372	353	370	384	—		(3)	1,468			1,680	(13)
Investment Banking	464			367	407	416	348	26		33	1,654			1,448	14
Total Banking	1,356			1,241	1,234	1,239	1,156	9		17	5,070			4,895	4
Commercial Real Estate	1,095			942	1,014	912	1,012	16		8	3,963			3,607	10
Markets:
Fixed Income, Currencies, and Commodities (FICC)	794			884	888	1,144	889	(10)		(11)	3,710			4,314	(14)
Equities	205			234	206	252	194	(12)		6	897			1,204	(25)
Credit Adjustment (CVA/DVA) and Other	13			58	(16)	36	(67)	(78)		119	91			26	250
Total Markets	1,012			1,176	1,078	1,432	1,016	(14)		—	4,698			5,544	(15)
Other	49			26	12	21	(30)	88		263	108			(118)	192
Total revenue	$	3,512		3,385	3,338	3,604	3,154	4		11	$	13,839		13,928	(1)

Selected Metrics
Return on allocated capital	16.0		%	16.9	17.0	17.6	9.4				16.9		%	1.8
Efficiency ratio	50			53	54	51	57				52			55
Headcount (#) (period-end)	8,489			8,459	8,673	8,249	8,178	—		4	8,489			8,178	4


	Quarter ended						Dec 31, 2021 % Change from			Year ended
($ in millions)	Dec 31, 2021		Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021		Dec 31, 2020	% Change
Selected Balance Sheet Data (average)
Loans:
Commercial and industrial	$	182,778	170,486	167,076	162,290	155,669	7	%	17	$	170,713	172,492	(1)	%
Commercial real estate	89,216		86,809	85,346	83,858	84,175	3		6	86,323		82,832	4
Total loans	$	271,994	257,295	252,422	246,148	239,844	6		13	$	257,036	255,324	1

Loans by Line of Business:
Banking	$	101,589	95,911	90,839	86,536	82,413	6		23	$	93,766	93,501	—
Commercial Real Estate	116,630		110,683	108,893	107,609	107,838	5		8	110,978		108,279	2
Markets	53,775		50,701	52,690	52,003	49,593	6		8	52,292		53,544	(2)
Total loans	$	271,994	257,295	252,422	246,148	239,844	6		13	$	257,036	255,324	1
Trading-related assets:
Trading account securities	$	118,147	112,148	104,743	106,358	108,972	5		8	$	110,386	109,803	1
Reverse repurchase agreements/securities borrowed	53,526		56,758	62,066	63,965	57,835	(6)		(7)	59,044		71,485	(17)
Derivative assets	24,267		25,191	24,731	27,102	23,604	(4)		3	25,315		21,986	15
Total trading-related assets	$	195,940	194,097	191,540	197,425	190,411	1		3	$	194,745	203,274	(4)
Total assets	543,946		524,124	513,414	511,528	495,994	4		10	523,344		521,514	—
Total deposits	182,101		189,424	190,810	194,501	205,797	(4)		(12)	189,176		234,332	(19)
Allocated capital	34,000		34,000	34,000	34,000	34,000	—		—	34,000		34,000	—

Selected Balance Sheet Data (period-end)
Loans:
Commercial and industrial	$	191,391	177,002	166,969	163,808	160,000	8		20	$	191,391	160,000	20
Commercial real estate	92,983		86,955	86,290	84,836	84,456	7		10	92,983		84,456	10
Total loans	$	284,374	263,957	253,259	248,644	244,456	8		16	$	284,374	244,456	16

Loans by Line of Business:
Banking	$	101,926	99,683	92,758	88,042	84,640	2		20	$	101,926	84,640	20
Commercial Real Estate	125,926		112,050	108,885	108,508	107,207	12		17	125,926		107,207	17
Markets	56,522		52,224	51,616	52,094	52,609	8		7	56,522		52,609	7
Total loans	$	284,374	263,957	253,259	248,644	244,456	8		16	$	284,374	244,456	16
Trading-related assets:
Trading account securities	$	108,697	114,187	108,291	100,586	109,311	(5)		(1)	$	108,697	109,311	(1)
Reverse repurchase agreements/securities borrowed	55,973		55,123	57,351	71,282	57,248	2		(2)	55,973		57,248	(2)
Derivative assets	21,398		27,096	25,288	24,228	25,916	(21)		(17)	21,398		25,916	(17)
Total trading-related assets	$	186,068	196,406	190,930	196,096	192,475	(5)		(3)	$	186,068	192,475	(3)
Total assets	546,549		535,385	516,518	512,045	508,518	2		7	546,549		508,518	7
Total deposits	168,609		191,786	188,219	188,920	203,004	(12)		(17)	168,609		203,004	(17)


	Quarter ended							Dec 31, 2021 % Change from			Year ended
($ in millions, unless otherwise noted)	Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021			Dec 31, 2020	% Change
Income Statement
Net interest income	$	666		637	610	657	714	5	%	(7)	$	2,570		2,988	(14)	%
Noninterest income:
Investment advisory and other asset-based fees	2,429			2,457	2,382	2,306	2,134	(1)		14	9,574			8,085	18
Commissions and brokerage services fees	484			458	513	555	518	6		(7)	2,010			2,078	(3)
Other	69			66	31	26	81	5		(15)	192			62	210
Total noninterest income	2,982			2,981	2,926	2,887	2,733	—		9	11,776			10,225	15
Total revenue	3,648			3,618	3,536	3,544	3,447	1		6	14,346			13,213	9
Net charge-offs	19			(3)	(6)	—	(3)	733		733	10			(3)	433
Change in the allowance for credit losses	(22)			(70)	30	(43)	(1)	69		NM	(105)			252	NM
Provision for credit losses	(3)			(73)	24	(43)	(4)	96		25	(95)			249	NM
Noninterest expense	2,898			2,917	2,891	3,028	2,770	(1)		5	11,734			10,912	8
Income before income tax expense	753			774	621	559	681	(3)		11	2,707			2,052	32
Income tax expense	189			195	156	140	171	(3)		11	680			514	32

Net income	$	564		579	465	419	510	(3)		11	$	2,027		1,538	32

Selected Metrics
Return on allocated capital	25.0		%	25.7	20.7	18.9	22.6				22.6		%	17.0
Efficiency ratio	79			81	82	85	80				82			83
Headcount (#) (period-end)	25,906			26,112	26,989	27,993	28,306	(1)		(8)	25,906			28,306	(8)
Advisory assets ($ in billions)	$	964		920	931	885	853	5		13	$	964		853	13
Other brokerage assets and deposits ($ in billions)	1,219			1,171	1,212	1,177	1,152	4		6	1,219			1,152	6
Total client assets ($ in billions)	$	2,183		2,091	2,143	2,062	2,005	4		9	$	2,183		2,005	9
Annualized revenue per advisor ($ in thousands) (1)	1,171			1,141	1,084	1,058	1,010	3		16	1,114			939	19
Total financial and wealth advisors (#) (period-end)	12,367			12,552	12,819	13,277	13,513	(1)		(8)	12,367			13,513	(8)

Selected Balance Sheet Data (average)
Total loans	$	84,007		82,785	81,784	80,839	80,109	1		5	$	82,364		78,775	5
Total deposits	180,939			176,570	174,980	173,678	169,815	2		7	176,562			162,476	9
Allocated capital	8,750			8,750	8,750	8,750	8,750	—		—	8,750			8,750	—

Selected Balance Sheet Data (period-end)
Total loans	84,101			82,824	82,783	81,175	80,785	2		4	84,101			80,785	4
Total deposits	192,548			177,809	174,267	175,999	175,483	8		10	192,548			175,483	10


	Quarter ended						Dec 31, 2021 % Change from			Year ended
($ in millions)	Dec 31, 2021		Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020	Dec 31, 2021		Dec 31, 2020	% Change
Income Statement
Net interest income	$	(420)	(427)	(304)	(390)	(230)	2	%	(83)	$	(1,541)	441	NM
Noninterest income	3,540		1,752	3,327	1,417	1,692	102		109	10,036		4,916	104	%
Total revenue	3,120		1,325	3,023	1,027	1,462	135		113	8,495		5,357	59
Net charge-offs	(5)		(10)	(8)	77	(3)	50		(67)	54		166	(67)
Change in the allowance for credit losses	8		1	(26)	20	(778)	700		101	3		(638)	100
Provision for credit losses	3		(9)	(34)	97	(781)	133		100	57		(472)	112
Noninterest expense	1,016		1,140	1,000	1,231	2,246	(11)		(55)	4,387		5,716	(23)
Income (loss) before income tax expense (benefit)	2,101		194	2,057	(301)	(3)	983		NM	4,051		113	NM
Income tax expense (benefit)	538		110	223	(275)	(59)	389		NM	596		(670)	189
Less: Net income from noncontrolling interests	647		281	704	53	200	130		224	1,685		281	500
Net income (loss)	$	916	(197)	1,130	(79)	(144)	565		736	$	1,770	502	253






Selected Metrics
Headcount (#) (period-end) (2)	83,730		86,328	87,702	84,238	86,772	(3)		(4)	83,730		86,772	(4)


Selected Balance Sheet Data (average)
Cash, cash equivalents, and restricted cash	$	216,156	250,414	255,043	222,799	221,357	(14)		(2)	$	236,124	183,420	29
Available-for-sale debt securities	169,953		172,035	185,396	200,421	207,008	(1)		(18)	181,841		221,493	(18)
Held-to-maturity debt securities	262,969		260,167	237,788	217,346	191,123	1		38	244,735		172,755	42
Equity securities	15,172		13,254	11,499	10,904	10,201	14		49	12,720		12,445	2
Total loans	9,006		9,765	10,077	10,228	14,979	(8)		(40)	9,766		19,790	(51)
Total assets	727,818		762,067	754,629	727,628	712,602	(4)		2	743,089		675,250	10
Total deposits	34,936		37,302	41,696	46,490	56,447	(6)		(38)	40,066		78,172	(49)

Selected Balance Sheet Data (period-end)
Cash, cash equivalents, and restricted cash	$	209,696	241,423	248,784	257,887	235,262	(13)		(11)	$	209,696	235,262	(11)
Available-for-sale debt securities	165,926		173,237	177,923	188,724	208,694	(4)		(20)	165,926		208,694	(20)
Held-to-maturity debt securities	269,285		261,583	260,054	231,352	204,858	3		31	269,285		204,858	31
Equity securities	16,549		14,022	13,142	11,093	10,305	18		61	16,549		10,305	61
Total loans	9,997		9,589	10,593	10,516	10,623	4		(6)	9,997		10,623	(6)
Total assets	721,335		751,155	761,915	753,899	728,667	(4)		(1)	721,335		728,667	(1)
Total deposits	32,220		37,507	40,091	42,487	53,037	(14)		(39)	32,220		53,037	(39)


	Quarter ended							Dec 31, 2021 $ Change from
($ in millions)	Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021	Dec 31, 2020
Period-End Loans
Commercial and industrial	$	350,436		326,425	317,618	319,055	318,805	24,011	31,631
Real estate mortgage	127,733			121,985	120,678	121,198	121,720	5,748	6,013
Real estate construction	20,092			21,129	22,406	21,533	21,805	(1,037)	(1,713)
Lease financing	14,859			15,398	15,720	15,734	16,087	(539)	(1,228)
Total commercial	513,120			484,937	476,422	477,520	478,417	28,183	34,703
Residential mortgage – first lien	242,270			242,935	244,371	254,363	276,674	(665)	(34,404)
Residential mortgage – junior lien	16,618			18,026	19,637	21,308	23,286	(1,408)	(6,668)
Credit card	38,453			36,061	34,936	34,246	36,664	2,392	1,789
Auto	56,659			53,827	51,073	49,210	48,187	2,832	8,472
Other consumer	28,274			27,041	25,861	24,925	24,409	1,233	3,865
Total consumer	382,274			377,890	375,878	384,052	409,220	4,384	(26,946)
Total loans	$	895,394		862,827	852,300	861,572	887,637	32,567	7,757

Average Loans
Commercial and industrial	$	335,752		319,426	318,917	318,311	315,924	16,326	19,828
Real estate mortgage	123,806			121,453	120,526	120,734	121,228	2,353	2,578
Real estate construction	20,800			21,794	22,015	21,755	22,559	(994)	(1,759)
Lease financing	15,227			15,492	15,565	15,799	16,757	(265)	(1,530)
Total commercial	495,585			478,165	477,023	476,599	476,468	17,420	19,117
Residential mortgage – first lien	242,515			243,201	247,815	266,251	287,361	(686)	(44,846)
Residential mortgage – junior lien	17,317			18,809	20,457	22,321	24,210	(1,492)	(6,893)
Credit card	37,041			35,407	34,211	35,205	36,135	1,634	906
Auto	55,161			52,370	50,014	48,680	48,033	2,791	7,128
Other consumer	27,417			26,072	25,227	24,383	27,497	1,345	(80)
Total consumer	379,451			375,859	377,724	396,840	423,236	3,592	(43,785)
Total loans	$	875,036		854,024	854,747	873,439	899,704	21,012	(24,668)

Average Interest Rates
Commercial and industrial	2.45		%	2.44	2.52	2.47	2.50
Real estate mortgage	2.64			2.67	2.74	2.73	2.81
Real estate construction	3.08			3.10	3.08	3.10	3.13
Lease financing	4.27			4.45	4.49	4.62	6.57
Total commercial	2.58			2.60	2.66	2.63	2.74
Residential mortgage – first lien	3.27			3.12	3.16	3.11	3.12
Residential mortgage – junior lien	4.22			4.11	4.13	4.13	4.16
Credit card	11.25			11.47	11.48	11.90	11.80
Auto	4.37			4.44	4.52	4.66	4.82
Other consumer	3.67			3.70	3.70	3.87	4.55
Total consumer	4.28			4.18	4.18	4.18	4.20
Total loans	3.32		%	3.29	3.33	3.34	3.43


	Quarter ended
	Dec 31, 2021				Sep 30, 2021				Jun 30, 2021				Mar 31, 2021				Dec 31, 2020				Dec 31, 2021 $ Change from
($ in millions)	Net loan charge-offs		As a % of average loans (1)		Net loan charge-offs		As a % of average loans (1)		Net loan charge-offs		As a % of average loans (1)		Net loan charge-offs		As a % of average loans (1)		Net loan charge-offs		As a % of average loans (1)		Sep 30, 2021		Dec 31, 2020
By product:
Commercial:
Commercial and industrial	$	3	—	%	$	46	0.06	%	$	81	0.10	%	$	88	0.11	%	$	111	0.14	%	$	(43)	(108)
Real estate mortgage	22		0.07		(10)		(0.03)		(5)		(0.02)		46		0.16		162		0.53		32		(140)
Real estate construction	—		(0.01)		1		—		(1)		—		—		—		—		—		(1)		—
Lease financing	3		0.09		1		0.03		5		0.12		15		0.40		35		0.83		2		(32)
Total commercial	28		0.02		38		0.03		80		0.07		149		0.13		308		0.26		(10)		(280)
Consumer:
Residential mortgage – first lien	110		0.18		(14)		(0.02)		(19)		(0.03)		(24)		(0.04)		(3)		—		124		113
Residential mortgage – junior lien	8		0.19		(28)		(0.61)		(31)		(0.60)		(19)		(0.35)		(24)		(0.39)		36		32
Credit card	150		1.61		158		1.77		256		3.01		236		2.71		190		2.09		(8)		(40)
Auto	58		0.41		26		0.20		45		0.35		52		0.44		51		0.43		32		7
Other consumer	67		0.96		79		1.22		50		0.80		119		1.97		62		0.88		(12)		5
Total consumer	393		0.41		221		0.23		301		0.32		364		0.37		276		0.26		172		117
Total net charge-offs	$	421	0.19	%	$	259	0.12	%	$	381	0.18	%	$	513	0.24	%	$	584	0.26	%	$	162	(163)
By segment:
Consumer Banking and Lending	$	410	0.50	%	$	302	0.37	%	$	359	0.43	%	$	370	0.42	%	$	332	0.35	%	$	108	78
Commercial Banking	(9)		(0.02)		16		0.04		50		0.11		39		0.09		81		0.17		(25)		(90)
Corporate and Investing Banking	8		0.01		(48)		(0.07)		(18)		(0.03)		36		0.06		177		0.29		56		(169)
Wealth and Investment Management	18		0.09		(3)		(0.01)		(3)		(0.01)		—		—		(3)		(0.01)		21		21
Corporate	(6)		(0.26)		(8)		(0.33)		(7)		(0.28)		68		2.70		(3)		(0.08)		2		(3)
Total net charge-offs	$	421	0.19	%	$	259	0.12	%	$	381	0.18	%	$	513	0.24	%	$	584	0.26	%	$	162	(163)


	Quarter ended							Dec 31, 2021 $ Change from		Year ended Dec 31,
(in millions)	Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021	Dec 31, 2020	2021	2020	$ Change
Balance, beginning of period	$	14,705		16,391	18,043	19,713	20,471	(1,686)	(5,766)	19,713	10,456	9,257
Cumulative effect from change in accounting policies (1)	—			—	—	—	—	—	—	—	(1,337)	1,337
Allowance for purchased credit-deteriorated (PCD) loans (2)	—			—	—	—	—	—	—	—	8	(8)
Balance, beginning of period, adjusted	14,705			16,391	18,043	19,713	20,471	(1,686)	(5,766)	19,713	9,127	10,586
Provision for credit losses	(464)			(1,387)	(1,239)	(1,117)	(144)	923	(320)	(4,207)	14,005	(18,212)
Interest income on certain loans (3)	(33)			(35)	(36)	(41)	(36)	2	3	(145)	(153)	8
Net loan charge-offs:
Commercial:
Commercial and industrial	(3)			(46)	(81)	(88)	(111)	43	108	(218)	(1,239)	1,021
Real estate mortgage	(22)			10	5	(46)	(162)	(32)	140	(53)	(283)	230
Real estate construction	—			(1)	1	—	—	1	—	—	19	(19)
Lease financing	(3)			(1)	(5)	(15)	(35)	(2)	32	(24)	(87)	63
Total commercial	(28)			(38)	(80)	(149)	(308)	10	280	(295)	(1,590)	1,295
Consumer:
Residential mortgage – first lien	(110)			14	19	24	3	(124)	(113)	(53)	5	(58)
Residential mortgage – junior lien	(8)			28	31	19	24	(36)	(32)	70	55	15
Credit card	(150)			(158)	(256)	(236)	(190)	8	40	(800)	(1,139)	339
Auto	(58)			(26)	(45)	(52)	(51)	(32)	(7)	(181)	(270)	89
Other consumer	(67)			(79)	(50)	(119)	(62)	12	(5)	(315)	(350)	35
Total consumer	(393)			(221)	(301)	(364)	(276)	(172)	(117)	(1,279)	(1,699)	420
Net loan charge-offs	(421)			(259)	(381)	(513)	(584)	(162)	163	(1,574)	(3,289)	1,715
Other	1			(5)	4	1	6	6	(5)	1	23	(22)
Balance, end of period	$	13,788		14,705	16,391	18,043	19,713	(917)	(5,925)	13,788	19,713	(5,925)
Components:
Allowance for loan losses	$	12,490		13,517	15,148	16,928	18,516	(1,027)	(6,026)	12,490	18,516	(6,026)
Allowance for unfunded credit commitments	1,298			1,188	1,243	1,115	1,197	110	101	1,298	1,197	101
Allowance for credit losses for loans	$	13,788		14,705	16,391	18,043	19,713	(917)	(5,925)	13,788	19,713	(5,925)
Ratio of allowance for loan losses to total net loan charge-offs (annualized)	7.49x			13.14	9.93	8.13	7.97			7.94	5.63
Allowance for loan losses as a percentage of:
Total loans	1.39		%	1.57	1.78	1.96	2.09			1.39	2.09
Nonaccrual loans	173			192	205	210	212			173	212
Allowance for credit losses for loans as a percentage of:
Total loans	1.54			1.70	1.92	2.09	2.22			1.54	2.22
Nonaccrual loans	191			208	222	224	226			191	226


	Dec 31, 2021				Sep 30, 2021				Jun 30, 2021				Mar 31, 2021				Dec 31, 2020
($ in millions)	ACL		ACL as % of loan class		ACL		ACL as % of loan class		ACL		ACL as % of loan class		ACL		ACL as % of loan class		ACL		ACL as % of loan class
By product:
Commercial:
Commercial and industrial	$	4,873	1.39	%	$	5,193	1.59	%	$	5,640	1.78	%	$	6,512	2.04	%	$	7,230	2.27	%
Real estate mortgage	2,085		1.63		2,422		1.99		2,884		2.39		3,156		2.60		3,167		2.60
Real estate construction	431		2.15		470		2.22		530		2.37		410		1.90		410		1.88
Lease financing	402		2.71		480		3.12		516		3.28		604		3.84		709		4.41
Total commercial	7,791		1.52		8,565		1.77		9,570		2.01		10,682		2.24		11,516		2.41
Consumer:
Residential mortgage – first lien	1,156		0.48		1,197		0.49		1,283		0.53		1,202		0.47		1,600		0.58
Residential mortgage – junior lien	130		0.78		201		1.12		320		1.63		428		2.01		653		2.80
Credit card	3,290		8.56		3,356		9.31		3,663		10.48		4,082		11.92		4,082		11.13
Auto	928		1.64		901		1.67		1,026		2.01		1,108		2.25		1,230		2.55
Other consumer	493		1.74		485		1.79		529		2.05		541		2.17		632		2.59
Total consumer	5,997		1.57		6,140		1.62		6,821		1.81		7,361		1.92		8,197		2.00
Total allowance for credit losses for loans	$	13,788	1.54	%	$	14,705	1.70	%	$	16,391	1.92	%	$	18,043	2.09	%	$	19,713	2.22	%
By segment:
Consumer Banking and Lending	$	6,891	2.11	%	$	7,194	2.21	%	$	8,035	2.46	%	$	8,782	2.58	%	$	9,593	2.64	%
Commercial Banking	2,950		1.55		3,334		1.85		3,692		2.06		4,138		2.29		4,586		2.43
Corporate and Investing Banking	3,705		1.30		3,900		1.48		4,318		1.70		4,798		1.93		5,155		2.11
Wealth and Investment Management	271		0.32		292		0.35		362		0.44		332		0.41		375		0.46
Corporate	(29)		(0.29)		(15)		(0.16)		(16)		(0.15)		(7)		(0.07)		4		0.04
Total allowance for credit losses for loans	$	13,788	1.54	%	$	14,705	1.70	%	$	16,391	1.92	%	$	18,043	2.09	%	$	19,713	2.22	%


	Dec 31, 2021				Sep 30, 2021				Jun 30, 2021				Mar 31, 2021				Dec 31, 2020				Dec 31, 2021 $ Change from
($ in millions)	Balance		% of total loans		Balance		% of total loans		Balance		% of total loans		Balance		% of total loans		Balance		% of total loans		Sep 30, 2021		Dec 31, 2020
By product:
Nonaccrual loans:
Commercial:
Commercial and industrial	$	980	0.28	%	$	1,274	0.39	%	$	1,691	0.53	%	$	2,223	0.70	%	$	2,698	0.85	%	$	(294)	(1,718)
Real estate mortgage	1,235		0.97		1,538		1.26		1,598		1.32		1,703		1.41		1,774		1.46		(303)		(539)
Real estate construction	13		0.06		20		0.09		45		0.20		55		0.26		48		0.22		(7)		(35)
Lease financing	148		1.00		188		1.22		215		1.37		249		1.58		259		1.61		(40)		(111)
Total commercial	2,376		0.46		3,020		0.62		3,549		0.74		4,230		0.89		4,779		1.00		(644)		(2,403)
Consumer:
Residential mortgage – first lien (1)	3,803		1.57		3,093		1.27		2,852		1.17		2,859		1.12		2,957		1.07		710		846
Residential mortgage – junior lien (1)	801		4.82		702		3.89		713		3.63		747		3.51		754		3.24		99		47
Auto	198		0.35		206		0.38		221		0.43		181		0.37		202		0.42		(8)		(4)
Other consumer	34		0.12		37		0.14		36		0.14		38		0.15		36		0.15		(3)		(2)
Total consumer	4,836		1.27		4,038		1.07		3,822		1.02		3,825		1.00		3,949		0.97		798		887
Total nonaccrual loans	7,212		0.81		7,058		0.82		7,371		0.86		8,055		0.93		8,728		0.98		154		(1,516)



Foreclosed assets	112				121				129				140				159				(9)		(47)
Total nonperforming assets	$	7,324	0.82	%	$	7,179	0.83	%	$	7,500	0.88	%	$	8,195	0.95	%	$	8,887	1.00	%	$	145	(1,563)
By segment:
Consumer Banking and Lending	$	4,672	1.43	%	$	3,955	1.21	%	$	3,730	1.14	%	$	3,763	1.10	%	$	3,895	1.07	%	$	717	777
Commercial Banking	1,520		0.80		1,827		1.01		2,096		1.17		2,511		1.39		2,511		1.33		(307)		(991)
Corporate and Investing Banking	778		0.27		1,073		0.41		1,310		0.52		1,618		0.65		2,198		0.90		(295)		(1,420)
Wealth and Investment Management	354		0.42		324		0.39		364		0.44		294		0.36		262		0.32		30		92
Corporate	—		—		—		—		—		—		9		0.09		21		0.20		—		(21)
Total nonperforming assets	$	7,324	0.82	%	$	7,179	0.83	%	$	7,500	0.88	%	$	8,195	0.95	%	$	8,887	1.00	%	$	145	(1,563)


	Dec 31, 2021							Sep 30, 2021							Dec 31, 2020
($ in millions)	Nonaccrual loans		Loans outstanding	% of total loans		Total commitments (1)		Nonaccrual loans		Loans outstanding	% of total loans		Total commitments (1)		Nonaccrual loans		Loans outstanding	% of total loans		Total commitments (1)
Financials except banks	$	104	142,252	16	%	$	236,243	$	140	134,060	16	%	$	227,615	$	160	117,726	13	%	$	206,999
Technology, telecom and media	64		23,164	3		62,418		75		21,226	2		60,607		144		23,061	3		56,500
Real estate and construction	76		24,622	3		53,772		87		20,900	2		51,882		133		23,113	3		51,526
Equipment, machinery and parts manufacturing	24		18,072	2		43,489		29		17,503	2		43,111		81		18,158	2		41,332
Retail	26		17,413	2		40,220		36		17,181	2		40,071		94		17,393	2		41,669
Materials and commodities	32		14,661	2		36,582		40		13,225	2		35,454		39		12,071	1		33,879
Food and beverage manufacturing	7		13,214	1		30,759		7		12,637	1		30,898		17		12,401	1		28,908
Oil, gas and pipelines	197		8,820	*		28,968		280		8,725	1		28,988		953		10,471	1		30,055
Health care and pharmaceuticals	24		12,734	1		28,362		28		12,821	1		29,960		145		15,322	2		32,154
Auto related	31		10,546	1		25,410		56		9,290	1		24,881		79		11,817	1		25,034
Commercial services	77		10,266	1		23,551		77		9,537	1		24,328		107		10,284	1		24,442
Utilities	77		6,978	*		22,404		67		7,025	*		21,972		2		5,031	*		18,564
Diversified or miscellaneous	3		7,445	*		19,096		4		6,792	*		18,608		7		5,437	*		14,717
Insurance and fiduciaries	—		3,367	*		17,409		1		4,071	*		18,105		2		3,297	*		14,334
Entertainment and recreation	23		9,810	1		17,357		26		8,451	*		16,764		263		9,884	1		17,551
Banks	—		16,177	2		16,612		—		15,444	2		15,815		—		12,789	1		13,842
Transportation services	288		8,061	*		14,314		431		8,319	*		15,951		573		9,236	1		15,531
Agribusiness	35		6,048	*		11,454		51		5,333	*		11,082		81		6,314	*		11,642
Government and education	5		5,849	*		11,272		4		5,303	*		10,941		9		5,464	*		11,065
Other	35		5,796	*		29,895		23		3,980	*		19,050		68		5,623	*		23,315
Total	$	1,128	365,295	41	%	$	769,587	$	1,462	341,823	40	%	$	746,083	$	2,957	334,892	33	%	$	713,059


	Dec 31, 2021							Sep 30, 2021							Dec 31, 2020
($ in millions)	Nonaccrual loans		Loans outstanding	% of total loans		Total commitments (1)		Nonaccrual loans		Loans outstanding	% of total loans		Total commitments (1)		Nonaccrual loans		Loans outstanding	% of total loans		Total commitments (1)
Office buildings	$	134	36,736	4	%	$	42,781	$	167	36,206	4	%	$	41,932	$	274	37,251	4	%	$	43,059
Apartments	13		31,901	4		42,119		14		28,948	3		37,988		30		27,909	3		35,092
Industrial/warehouse	78		17,714	2		20,967		97		17,758	2		20,758		87		17,108	2		19,069
Hotel/motel	254		12,764	1		13,179		297		12,113	1		12,529		273		12,134	1		12,770
Retail (excluding shopping center)	135		12,450	1		13,014		141		13,116	2		13,789		286		13,808	2		14,444
Shopping center	422		10,448	1		11,082		593		10,712	1		11,321		588		11,441	1		12,065
Mixed use properties	81		6,303	*		10,718		94		6,233	*		7,360		98		6,192	*		7,424
Institutional	51		7,743	*		9,588		64		7,184	*		9,037		93		6,692	*		7,923
Collateral pool	—		3,509	*		4,106		—		3,095	*		3,770		—		2,970	*		3,546
1-4 family structure	—		1,057	*		3,014		—		1,336	*		3,176		—		1,346	*		3,400
Other	80		7,200	*		8,715		91		6,413	*		7,708		93		6,674	*		8,376
Total	$	1,248	147,825	17	%	$	179,283	$	1,558	143,114	17	%	$	169,368	$	1,822	143,525	16	%	$	167,168

We also evaluate our business based on certain ratios that utilize tangible common equity. Tangible common equity is a non-GAAP financial measure and represents total equity less preferred equity, noncontrolling interests, goodwill, certain identifiable intangible assets (other than MSRs) and goodwill and other intangibles on nonmarketable equity securities, net of applicable deferred taxes. The ratios are (i) tangible book value per common share, which represents tangible common equity divided by common shares outstanding; and (ii) return on average tangible common equity (ROTCE), which represents our annualized earnings as a percentage of tangible common equity. The methodology of determining tangible common equity may differ among companies. Management believes that tangible book value per common share and return on average tangible common equity, which utilize tangible common equity, are useful financial measures because they enable management, investors, and others to assess the Company’s use of equity.


								Dec 31, 2021 % Change from
(in millions, except ratios)		Dec 31, 2021		Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020
Tangible book value per common share:
Total equity		$	190,110	191,071	193,127	188,034	185,712	(1)	%	2
Adjustments:
Preferred stock		(20,057)		(20,270)	(20,820)	(21,170)	(21,136)	1		5
Additional paid-in capital on preferred stock		136		120	136	139	152	13		(11)
Unearned ESOP shares		646		875	875	875	875	(26)		(26)
Noncontrolling interests		(2,504)		(2,043)	(1,865)	(1,130)	(1,033)	(23)		NM
Total common stockholders' equity	(A)	168,331		169,753	171,453	166,748	164,570	(1)		2
Adjustments:
Goodwill		(25,180)		(26,191)	(26,194)	(26,290)	(26,392)	4		5
Certain identifiable intangible assets (other than MSRs)		(225)		(281)	(301)	(322)	(342)	20		34
Goodwill and other intangibles on nonmarketable equity securities (included in other assets)		(2,437)		(2,120)	(2,256)	(2,300)	(1,965)	(15)		(24)
Applicable deferred taxes related to goodwill and other intangible assets (1)		765		886	875	866	856	(14)		(11)
Tangible common equity	(B)	$	141,254	142,047	143,577	138,702	136,727	(1)		3
Common shares outstanding	(C)	3,885.8		3,996.9	4,108.0	4,141.1	4,144.0	(3)		(6)
Book value per common share	(A)/(C)	$	43.32	42.47	41.74	40.27	39.71	2		9
Tangible book value per common share	(B)/(C)	36.35		35.54	34.95	33.49	32.99	2		10


		Quarter ended							Dec 31, 2021 % Change from				Year ended
(in millions, except ratios)		Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020		Dec 31, 2021			Dec 31, 2020	% Change
Return on average tangible common equity:
Net income applicable to common stock	(A)	$	5,470		4,787	5,743	4,256	2,741	14	%	100	%	$	20,256		1,786	NM
Average total equity		190,744			194,041	190,968	189,074	185,444	(2)		3		191,219			184,689	4	%
Adjustments:
Preferred stock		(20,267)			(21,403)	(21,108)	(21,840)	(21,223)	5		5		(21,151)			(21,364)	(1)
Additional paid-in capital on preferred stock		120			145	138	145	156	(17)		(23)		137			148	(7)
Unearned ESOP shares		872			875	875	875	875	—		—		874			1,007	(13)
Noncontrolling interests		(2,119)			(1,845)	(1,313)	(1,115)	(887)	(15)		NM		(1,601)			(769)	108
Average common stockholders’ equity	(B)	169,350			171,813	169,560	167,139	164,365	(1)		3		169,478			163,711	4
Adjustments:
Goodwill		(25,569)			(26,192)	(26,213)	(26,383)	(26,390)	2		3		(26,087)			(26,387)	(1)
Certain identifiable intangible assets (other than MSRs)		(246)			(290)	(310)	(330)	(354)	15		31		(294)			(389)	(24)
Goodwill and other intangibles on nonmarketable equity securities (included in other assets)		(2,309)			(2,169)	(2,208)	(2,217)	(1,889)	(6)		(22)		(2,226)			(2,002)	11
Applicable deferred taxes related to goodwill and other intangible assets (1)		848			882	873	863	852	(4)		—		867			834	4
Average tangible common equity	(C)	$	142,074		144,044	141,702	139,072	136,584	(1)		4		$	141,738		135,767	4
Return on average common stockholders’ equity (ROE) (annualized)	(A)/(B)	12.8		%	11.1	13.6	10.3	6.6					12.0		%	1.1
Return on average tangible common equity (ROTCE) (annualized)	(A)/(C)	15.3			13.2	16.3	12.4	8.0					14.3			1.3


		Estimated							Dec 31, 2021 % Change from
(in billions, except ratios)		Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020
Total equity (2)		$	190.1		191.1	193.1	188.0	185.7	(1)	%	2
Effect of accounting policy changes (2)		—			—	—	0.3	0.2
Total equity (as reported)		190.1			191.1	193.1	188.3	185.9	(1)		2
Adjustments:
Preferred stock		(20.1)			(20.3)	(20.8)	(21.2)	(21.1)	1		5
Additional paid-in capital on preferred stock		0.2			0.1	0.2	0.2	0.1	97		66
Unearned ESOP shares		0.6			0.9	0.9	0.9	0.9	(26)		(26)
Noncontrolling interests		(2.5)			(2.0)	(1.9)	(1.1)	(1.0)	(23)		NM
Total common stockholders' equity		168.3			169.8	171.5	167.1	164.8	(1)		2
Adjustments:
Goodwill		(25.2)			(26.2)	(26.2)	(26.3)	(26.4)	4		5
Certain identifiable intangible assets (other than MSRs)		(0.2)			(0.3)	(0.3)	(0.3)	(0.3)	20		34
Goodwill and other intangibles on nonmarketable equity securities (included in other assets)		(2.4)			(2.1)	(2.3)	(2.3)	(2.0)	(15)		(24)
Applicable deferred taxes related to goodwill and other intangible assets (3)		0.8			0.9	0.9	0.9	0.9	(14)		(11)
CECL transition provision (4)		0.2			0.5	0.9	1.3	1.7	(48)		(86)
Other		(0.9)			(1.0)	(1.1)	(0.7)	(0.4)	17		NM
Common Equity Tier 1	(A)	140.6			141.6	143.4	139.7	138.3	(1)		2


Preferred stock		20.1			20.3	20.8	21.2	21.1	(1)		(5)
Additional paid-in capital on preferred stock		(0.2)			(0.1)	(0.2)	(0.2)	(0.1)	(100)		(100)
Unearned ESOP shares		(0.6)			(0.9)	(0.9)	(0.9)	(0.9)	26		28
Other		(0.2)			(0.3)	(0.1)	(0.1)	(0.2)	54		24
Total Tier 1 capital	(B)	159.7			160.6	163.0	159.7	158.2	(1)		1

Long-term debt and other instruments qualifying as Tier 2		22.7			22.8	23.2	23.8	24.4	—		(7)
Qualifying allowance for credit losses (5)		14.1			14.6	14.3	14.1	14.1	(3)		—
Other		(0.2)			(0.4)	(0.5)	(0.2)	(0.1)	58		(29)





Effect of Basel III transition requirements		—			—	—	0.1	0.1	4		(79)
Total qualifying capital (Basel III transition requirements)	(C)	$	196.3		197.6	200.1	197.5	196.7	(1)		—

Total risk-weighted assets (RWAs)	(D)	$	1,238.0		1,218.9	1,188.7	1,179.0	1,193.7	2		4

Common Equity Tier 1 to total RWAs	(A)/(D)	11.4		%	11.6	12.1	11.8	11.6
Tier 1 capital to total RWAs	(B)/(D)	12.9			13.2	13.7	13.5	13.3
Total capital to total RWAs	(C)/(D)	15.9			16.2	16.8	16.8	16.5

(4)In second quarter 2020, the Company elected to apply a modified transition provision issued by federal banking regulators related to the impact of CECL on regulatory capital. The rule permits certain banking organizations to exclude from regulatory capital the initial adoption impact of CECL, plus 25% of the cumulative changes in the allowance for credit losses (ACL) under CECL for each period until December 31, 2021, followed by a three-year phase-out of the benefits. The impact of the CECL transition provision on our regulatory capital at December 31, 2021, was an increase in capital of $239 million, reflecting a $991 million (post-tax) increase in capital recognized upon our initial adoption of CECL, offset by 25% of the $4.9 billion increase in our ACL under CECL from January 1, 2020, through December 31, 2021.


		Estimated							Dec 31, 2021 % Change from
(in billions, except ratios)		Dec 31, 2021			Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2021		Dec 31, 2020
Total equity (2)		$	190.1		191.1	193.1	188.0	185.7	(1)	%	2
Effect of accounting policy changes (2)		—			—	—	0.3	0.2
Total equity (as reported)		190.1			191.1	193.1	188.3	185.9	(1)		2
Adjustments:
Preferred stock		(20.1)			(20.3)	(20.8)	(21.2)	(21.1)	1		5
Additional paid-in capital on preferred stock		0.2			0.1	0.2	0.2	0.1	97		66
Unearned ESOP shares		0.6			0.9	0.9	0.9	0.9	(26)		(26)
Noncontrolling interests		(2.5)			(2.0)	(1.9)	(1.1)	(1.0)	(23)		NM
Total common stockholders' equity		168.3			169.8	171.5	167.1	164.8	(1)		2
Adjustments:
Goodwill		(25.2)			(26.2)	(26.2)	(26.3)	(26.4)	4		5
Certain identifiable intangible assets (other than MSRs)		(0.2)			(0.3)	(0.3)	(0.3)	(0.3)	20		34
Goodwill and other intangibles on nonmarketable equity securities (included in other assets)		(2.4)			(2.1)	(2.3)	(2.3)	(2.0)	(15)		(24)
Applicable deferred taxes related to goodwill and other intangible assets (3)		0.8			0.9	0.9	0.9	0.9	(14)		(11)
CECL transition provision (4)		0.2			0.5	0.9	1.3	1.7	(48)		(86)
Other		(0.9)			(1.0)	(1.1)	(0.7)	(0.4)	17		NM
Common Equity Tier 1	(A)	140.6			141.6	143.4	139.7	138.3	(1)		2


Preferred stock		20.1			20.3	20.8	21.2	21.1	(1)		(5)
Additional paid-in capital on preferred stock		(0.2)			(0.1)	(0.2)	(0.2)	(0.1)	(100)		(100)
Unearned ESOP shares		(0.6)			(0.9)	(0.9)	(0.9)	(0.9)	26		28
Other		(0.2)			(0.3)	(0.1)	(0.1)	(0.2)	54		24
Total Tier 1 capital	(B)	159.7			160.6	163.0	159.7	158.2	(1)		1

Long-term debt and other instruments qualifying as Tier 2		22.7			22.8	23.2	23.8	24.4	—		(7)
Qualifying allowance for credit losses (5)		4.4			4.4	4.3	4.2	4.4	1		—
Other		(0.2)			(0.4)	(0.4)	(0.3)	(0.2)	58		5





Effect of Basel III transition requirements		—			—	—	0.3	0.1	4		(79)
Total qualifying capital (Basel III transition requirements)	(C)	$	186.6		187.4	190.1	187.7	186.9	—		—

Total RWAs	(D)	$	1,116.7		1,138.6	1,126.5	1,109.4	1,158.4	(2)		(4)

Common Equity Tier 1 to total RWAs	(A)/(D)	12.6		%	12.4	12.7	12.6	11.9
Tier 1 capital to total RWAs	(B)/(D)	14.3			14.1	14.5	14.4	13.7
Total capital to total RWAs	(C)/(D)	16.7			16.5	16.9	16.9	16.1

(4)In second quarter 2020, the Company elected to apply a modified transition provision issued by federal banking regulators related to the impact of CECL on regulatory capital. The rule permits certain banking organizations to exclude from regulatory capital the initial adoption impact of CECL, plus 25% of the cumulative changes in the allowance for credit losses (ACL) under CECL for each period until December 31, 2021, followed by a three-year phase-out of the benefits. The impact of the CECL transition provision on our regulatory capital at December 31, 2021 was an increase in capital of $239 million, reflecting a $991 million (post-tax) increase in capital recognized upon our initial adoption of CECL, offset by 25% of the $4.9 billion increase in our ACL under CECL from January 1, 2020, through December 31, 2021.