J.P.Morgan Results Presentation Deck
JPMORGAN CHASE & CO.
RECONCILIATION FROM REPORTED TO MANAGED BASIS
(in millions, except ratios)
JPMORGAN CHASE & CO.
The Firm prepares its Consolidated Financial Statements using accounting principles generally accepted in the U.S. ("U.S. GAAP"). That presentation, which is referred to as "reported" basis, provides the reader with an understanding of the Firm's results that can be tracked
consistently from year-to-year and enables a comparison of the Firm's performance with other companies' U.S. GAAP financial statements. In addition to analyzing the Firm's results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a
"managed" basis; these Firmwide managed basis results are non-GAAP financial measures. The Firm also reviews the results of the lines of business on a managed basis. Refer to the notes on Non-GAAP Financial Measures on page 28 for additional information on
managed basis.
The following summary table provides a reconciliation from reported U.S. GAAP results to managed basis.
OTHER INCOME
Other income - reported
Fully taxable-equivalent adjustments (a)
Other income - managed
TOTAL NONINTEREST REVENUE
Total noninterest revenue reported
Fully taxable-equivalent adjustments
Total noninterest revenue managed
NET INTEREST INCOME
Net interest income - reported
Fully taxable-equivalent adjustments (a)
Net interest income-managed
TOTAL NET REVENUE
Total net revenue - reported
Fully taxable-equivalent adjustments
Total net revenue - managed
PRE-PROVISION PROFIT
Pre-provision profit - reported
Fully taxable-equivalent adjustments
Pre-provision profit - managed
INCOME BEFORE INCOME TAX EXPENSE
Income before income tax expense reported
Fully taxable-equivalent adjustments
Income before income tax expense managed
INCOME TAX EXPENSE
Income tax expense - reported
Fully taxable-equivalent adjustments
Income tax expense - managed
OVERHEAD RATIO
Overhead ratio - reported
Overhead ratio - managed
(a) Predominantly recognized in CIB, CB and Corporate.
$
$
$
$ 15,198
663
15,861
$
$
$
$
32,716
775
$ 33,491
$
$
$
3Q22
$
900
663
1,563
$
17,518
112
17,630
13,538
775
14,313
12,001
775
12,776
2,264
775
3,039
59 %
57
$
$
$
$
$
$
$
$
$
$
$
$
$
2Q22
540
812
1,352
15,587
812
16,399
15,128
103
15,231
30,715
915
31,630
11,966
915
12,881
10,865
915
11,780
2,216
915
3,131
61 %
59
$
$
$
$
$
$
$
$
$
1Q22
30,717
873
$ 31,590
$
1,490
775
2,265
11,526
873
$ 12,399
$
16,845
775
17,620
13,872
98
13,970
10,063
873
10,936
1,781
873
$ 2,654
QUARTERLY TRENDS
62 %
61
$
$
$
$ 15,656
984
16,640
$
$ 13,601
108
13,709
$
$
$
$
$
$
4Q21
$
1,180
984
2,164
$
29,257
1,092
30,349
11,369
1,092
12,461
12,657
1,092
13,749
2,258
1,092
3,350
61 %
59
$
$
$
$
$
$
$
$
$
$
$
$
$
$
3Q21
1,332
690
2,022
16,567
690
17,257
13,080
104
13,184
29,647
794
30,441
12,584
794
13,378
14,111
794
14,905
2,424
794
3,218
58 %
56
3Q22 Change
2Q22
67%
(18)
16
(2)
(18)
(3)
16
9
16
7
(15)
6
13
(15)
11
10
(15)
8
2
(15)
(3)
3Q21
(32)%
(4)
(23)
(8)
(4)
(8)
34
8
34
10
(2)
10
8
(2)
7
(15)
(2)
(14)
(6)
$
$
$
$
$
$
$
$
$
$
$
$
NINE MONTHS ENDED SEPTEMBER 30,
$
2022
2,930
2,250
5,180
37,030
2,563
$ 39,593
47,630
2,250
49,880
46,518
313
46,831
94,148
2,563
96,711
32,929
2,563
35,492
6,261
2,563
8,824
61 %
59
$
$
$
53,682
2,241
$ 55,923
$
$
$
2021
92,392
2,563
$ 94,955
$
3,650
2,241
5,891
$
$ 38,937
2,563
$ 41,500
38,710
322
39,032
$
46,905
2,563
49,468
8,970
2,563
$ 11,533
58 %
56
2022 Change
2021
(20)%
(12)
(11)
(11)
20
(3)
20
~IN
2
(5)
(5)
(30)
(28)
(30)
(23)
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