J.P.Morgan 4Q23 Earnings Results
JPMORGAN CHASE & CO.
SUPPLEMENTAL INFORMATION ON FIRST REPUBLIC
(in millions)
SELECTED INCOME STATEMENT DATA
REVENUE
Asset management fees
All other income
Noninterest revenue
Net interest income
TOTAL NET REVENUE
Provision for credit losses
Noninterest expense
NET INCOME
SELECTED BALANCE SHEET DATA (period-
end)
Loans
Deposits
SELECTED INCOME STATEMENT DATA
REVENUE
Asset management fees
All other income
Noninterest revenue
Net interest income
TOTAL NET REVENUE
Provision for credit losses
Noninterest expense
NET INCOME
$
CCB
SELECTED BALANCE SHEET DATA (period-end)
Loans
Deposits
138
193
331
760
1,091
15
599
362
THREE MONTHS ENDED DECEMBER 31, 2023
AWM
CORP
$ 94,671
42,710 (a)
$
CB
2/12/2
304
361
97
27
180
$ 38,495
6,163
$
T
非非
126
126
306
432
13
33
292
$ 11,436
12,098
$
19 (b)
19
(23)
(4)
231
(187)
Total
138
395
****
10
533
1,347
1,880
125
890
647
CCB
$
THREE MONTHS ENDED SEPTEMBER 30, 2023
CB
AWM
$
$ 142 $
191
333
1,022
1,355
(2)
$ 144,602 (c) $ 94,333
60,971 (c)
63,945
583
589
CCB
387
489
876
$ 38,729
2,401
3,277
144
144
222
366
421
1,219
1,244
26
18
245
94,671
42,710 (a)
$
$
$
203
203
233
436
(31)
17
342
$ 12,026
CB
$
$
CORP
81 (b)
81
(3)
78
240
(99)
201
201
704
905
731
45
98
$
38,495
6,163
Total
$
142
619
761
1,474
2,235
$
(7)
858
1,077
JPMORGAN CHASE & CO.
THREE MONTHS ENDED JUNE 30, 2023
CB
AWM
CORP
$
FULL YEAR ENDED DECEMBER 31, 2023
CCB
$ 145,088 (c) $ 94,721
63,945
68,351
AWM
107 $
105
212
619
831
408
37
293
503
503
668
1,171
128
50
753
11,436
12,098
$
T
$
178
178
$ 39,500
608
(327)
$
174
174
129
303
CORP
146
119
$ 13,696
2,807
$
2,862 (b)
2,862
(55)
1,033
2,015
$
$
2,762 (b)
2,762
(29)
2,733
562
2,301
$
Total
Total
107
3,041
3,148
897
4,045
$147,917 (c)
68,351
1,162
599
2,386
Page 30
387
4,055
4,442
3,718
8,160
1,280
2,347
4,110
144,602 (c)
60,971 (c)
All references to "excludes First Republic", "includes First Republic" or "associated with First Republic" refer to the effects of the First Republic acquisition, as well as subsequent related business and activities, as applicable.
(a) In the fourth quarter of 2023, CCB transferred certain deposits associated with First Republic to AWM, CB and CIB.
(b) On May 1, 2023, JPMorgan Chase acquired certain assets and assumed certain liabilities of First Republic Bank from the FDIC, resulting in a preliminary estimated bargain purchase gain of $2.7 billion recorded in other income. The bargain purchase gain generally represents the
excess of the estimated fair value of the net assets acquired over the purchase price and is subject to change for up to one year from the acquisition date, as permitted by U.S. GAAP, and as the settlement with the FDIC is finalized. For the three months ended December 31, 2023
and September 30, 2023, measurement period adjustments of $37 million and $100 million, respectively, were recorded, resulting in an estimated bargain purchase gain of $2.8 billion for the full year 2023.
(c) Excludes $1.9 billion of loans and $508 million of deposits in CIB associated with First Republic.View entire presentation