2023 Fourth Quarter Investor Presentation
Non-GAAP Reconciliation
Pre-Provision Net Revenue (PPNR), Earnings Per Share (EPS)
Pre-Provision Net Revenue
($ in millions)
3Q22
4Q22
1Q23
2Q23
3Q23
Total revenue
FTE adjustment
Total revenue (FTE)
$1,902
$1,961
$1,921
$1,841
$1,877
8
9
9
11
11
A
1,910
1,970
1,930
1,852
1,888
Less: gain on sale of business line
57
Less: net gain/(loss) on securities
1
(5)
Total Revenue (FTE), excluding net gain/(loss) on
B
1,910
1,970
1,872
1,857
1,888
securities and notable items
Noninterest expense
C
1,053
1,077
1,086
1,050
1,090
Less: Notable Items, pre-tax
10
15
42
15
Noninterest expense, excluding Notable Items
D
1,043
1,062
1,044
1,050
1,075
Pre-provision net revenue (PPNR)
(A-C)
$857
$893
$844
$802
$798
PPNR, adjusted
(B-D)
$867
$908
$828
$807
$813
EPS ($ in millions, except per share amounts)
3Q23
Earnings Per Share (GAAP), diluted
$0.35
Add: Notable Items, after-tax
$12
$0.01
Adjusted Earnings Per Share (Non-GAAP)
$0.36
2023 Fourth Quarter Investor Presentation 55
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