v3.19.3.a.u2
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table represents the condensed results of operations for the Regions Insurance Group, Inc. entities sold as discontinued operations in 2018:
 
Year Ended December 31
 
2018
 
2017
 
(In millions)
Interest income
$
1

 
$
1

Interest expense

 

Net interest income
1

 
1

Non-interest income:
 
 
 
Securities gains (losses), net
(1
)
 
3

Insurance commissions and fees
69

 
140

Gain on sale of business
281

 

Other

 
3

Total non-interest income
349

 
146

Non-interest expense:
 
 
 
Salaries and employee benefits
49

 
96

Net occupancy expense
3

 
6

Furniture and equipment expense
2

 
4

Other
16

 
30

Total non-interest expense
70

 
136

Income from discontinued operations before income taxes
280

 
11

Income tax expense (benefit)
84

 
(5
)
Income from discontinued operations, net of tax
$
196

 
$
16



The following table represents the condensed results of operations for both the Regions Insurance Group, Inc. entities and Morgan Keegan and Company, Inc. and related affiliates as discontinued operations:
 
Year Ended December 31
 
2019
 
2018
 
2017
 
(In millions, except per share data)
Income from discontinued operations before income taxes
$

 
$
271

 
$
19

Income tax expense (benefit)

 
80

 
(3
)
Income from discontinued operations, net of tax
$

 
$
191


$
22

Earnings per common share from discontinued operations:
 
 
 
 
 
Basic
$
0.00

 
$
0.18

 
$
0.02

Diluted
$
0.00

 
$
0.17

 
$
0.02