INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Interest and Fee Income, Loans and Leases |
2,391.00 |
2,426.00 |
2,353.00 |
1,017.00 |
892.00 |
Interest Income, Securities, Operating, Taxable |
241.00 |
180.00 |
120.00 |
107.00 |
92.00 |
Other Interest and Dividend Income |
- |
- |
- |
- |
-6.00 |
Other Income |
485.00 |
504.00 |
480.00 |
87.00 |
62.00 |
Total Interest Income |
3,117.00 |
3,110.00 |
2,953.00 |
1,211.00 |
1,040.00 |
Interest Expense, Deposits |
865.00 |
769.00 |
575.00 |
288.00 |
176.00 |
Interest Expense, Borrowings |
341.00 |
351.00 |
417.00 |
73.00 |
62.00 |
Total Interest Expense |
96.00 |
95.00 |
91.00 |
89.00 |
-2.00 |
Total Interest Expense |
1,206.00 |
1,120.00 |
992.00 |
361.00 |
238.00 |
Net Interest Income |
1,911.00 |
1,990.00 |
1,961.00 |
850.00 |
802.00 |
Provision
for loan losses |
-934.00 |
- |
151.00 |
783.00 |
79.00 |
Total Net Interest Income |
2,845.00 |
1,990.00 |
1,810.00 |
67.00 |
723.00 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Operating LeaseLease Income |
252.00 |
248.00 |
238.00 |
233.00 |
224.00 |
Revenue From Contract With Customer Excluding Assessed Tax |
79.00 |
70.00 |
69.00 |
50.00 |
47.00 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other |
30.00 |
21.00 |
32.00 |
37.00 |
-13.00 |
Adjustments To Fdic Receivable For Loss Share Agreements |
- |
- |
- |
- |
- |
Noninterest Income Mortgage Banking |
- |
- |
- |
- |
- |
Equity Securities Fv Ni Gain Loss |
- |
- |
- |
-9.00 |
- |
Corporate Bonds |
- |
- |
- |
- |
- |
Gain On Purchase Of Business |
- |
- |
- |
- |
- |
Cardholder And Merchant Services |
- |
- |
- |
- |
- |
Asset Management Fees |
- |
- |
- |
- |
- |
Fees From Processing Services |
- |
- |
- |
- |
- |
Atm Income |
- |
- |
- |
- |
- |
Interest Income Deposits With Financial Institutions And Dividend Income Equity Securities Operating |
- |
- |
- |
87.00 |
- |
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal |
- |
- |
- |
783.00 |
- |
Loss/ -Gain on Investment |
2.00 |
10.00 |
4.00 |
4.00 |
2.00 |
Other Non-Interest Income |
180.00 |
278.00 |
315.00 |
9,088.00 |
169.00 |
Debt Securities Available For Sale Realized Gain Loss |
- |
-12.00 |
- |
-14.00 |
- |
Total Noninterest Income |
543.00 |
615.00 |
658.00 |
10,259.00 |
429.00 |
Total Revenues |
3,388.00 |
2,605.00 |
2,468.00 |
10,326.00 |
1,152.00 |
Salaries & employee benefits, SGA |
21.00 |
25.00 |
41.00 |
15.00 |
664.00 |
Restructuring, Accretion & impairment charges |
116.00 |
121.00 |
205.00 |
28.00 |
29.00 |
Depriciation & Amortization |
17.00 |
17.00 |
18.00 |
5.00 |
6.00 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
65.00 |
65.00 |
64.00 |
50.00 |
50.00 |
Professional Fees |
28.00 |
12.00 |
21.00 |
12.00 |
29.00 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
82.00 |
36.00 |
22.00 |
18.00 |
5.00 |
Other Noninterest Expense |
114.00 |
96.00 |
92.00 |
75.00 |
44.00 |
Third Party Processing Fees |
66.00 |
54.00 |
54.00 |
29.00 |
26.00 |
Other loss/ -income |
983.00 |
990.00 |
1,055.00 |
623.00 |
-163.00 |
Total Operating
Expenses |
1,492.00 |
1,416.00 |
1,572.00 |
855.00 |
760.00 |
Total Costs & Expenses |
2,698.00 |
2,536.00 |
2,564.00 |
1,216.00 |
998.00 |
Income /-loss before income taxes |
713.00 |
997.00 |
896.00 |
9,471.00 |
392.00 |
Income taxes expenses/-benefit |
199.00 |
245.00 |
214.00 |
-47.00 |
135.00 |
Income after income taxes |
514.00 |
752.00 |
682.00 |
9,518.00 |
257.00 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
514.00 |
752.00 |
682.00 |
9,518.00 |
257.00 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
514.00 |
752.00 |
682.00 |
9,518.00 |
257.00 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
15.00 |
15.00 |
15.00 |
14.00 |
14.00 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
499.00 |
737.00 |
667.00 |
9,504.00 |
243.00 |