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 | | | | | | (In millions) | | Interest income | | | | $ | 1 | | | Interest expense | | | | — | | | Net interest income | | | | 1 | | | Non-interest income: | | | | | | Securities gains (losses), net | | | | (1) | | | Insurance commissions and fees | | | | 69 | | | Gain on sale of business | | | | 281 | | | Other | | | | — | | | Total non-interest income | | | | 349 | | | Non-interest expense: | | | | | | Salaries and employee benefits | | | | 49 | | | Net occupancy expense | | | | 3 | | | Furniture and equipment expense | | | | 2 | | | Other | | | | 16 | | | Total non-interest expense | | | | 70 | | | Income from discontinued operations before income taxes | | | | 280 | | | Income tax expense | | | | 84 | | | Income from discontinued operations, net of tax | | | | $ | 196 | |
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 | | 2020 | | 2019 | | 2018 | | (In millions, except per share data) | | Income from discontinued operations before income taxes | $ | — | | | $ | — | | | $ | 271 | | | Income tax expense | — | | | — | | | 80 | | | Income from discontinued operations, net of tax | $ | — | | | $ | — | | | $ | 191 | | | Earnings per common share from discontinued operations: | | | | | | | Basic | $ | 0.00 | | | $ | 0.00 | | | $ | 0.18 | | | Diluted | $ | 0.00 | | | $ | 0.00 | | | $ | 0.17 | |
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