J.P.Morgan 2Q23 Investor Results
JPMORGAN CHASE & CO.
SUPPLEMENTAL INFORMATION RELATED TO THE FIRST REPUBLIC ACQUISITION
(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
$
$
CCB
107
105
212
619
831
408
37
293
94,721
68,351
$
$
THREE AND SIX MONTHS ENDED JUNE 30, 2023
CB
178
178
608
(327)
JPMORGAN CHASE & Co.
39,500
$
$
AWM
174
174
129
303
146
119
13,696
$
$
CORP
2,762 (a)
2,762
(29)
2,733
562
2,301
$
$
Total
107
3,041
3,148
897
4,045
1,162
599
2,386
147,917 (b)
68,351
(a) On May 1, 2023, JPMorgan Chase acquired certain assets and assumed certain liabilities of First Republic Bank (the "First Republic acquisition") from the Federal Deposit Insurance Corporation ("FDIC") resulting in an 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. This estimate is preliminary and 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.
(b) Excludes $1.9 billion of loans transferred to the CIB.
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