v3.24.3
Business Segment Information
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Business Segment Information
NOTE 11. BUSINESS SEGMENT INFORMATION
Each of Regions’ reportable segments is a strategic business unit that serves specific needs of Regions’ customers based on the products and services provided. The segments are based on the manner in which management views the financial performance of the business. The Company has three reportable segments: Corporate Bank, Consumer Bank, and Wealth Management, with the remainder in Other. Additional information about the Company's reportable segments is included in Regions' Annual Report on Form 10-K for the year ended December 31, 2023.
The application and development of management reporting methodologies is a dynamic process and is subject to periodic enhancements. As these enhancements are made, financial results presented by each reportable segment may be periodically revised and the prior periods updated to reflect these enhancements.
The following tables present financial information for each reportable segment for the periods indicated:
 Three Months Ended September 30, 2024
 Corporate BankConsumer
Bank		Wealth
Management		OtherConsolidated
 (In millions)
Net interest income $459 $718 $41 $— $1,218 
Provision for (benefit from) credit losses91 67 2 (47)113 
Non-interest income (loss)240 264 130 (62)572 
Non-interest expense319 603 114 33 1,069 
Income (loss) before income taxes289 312 55 (48)608 
Income tax expense (benefit)73 78 13 (46)118 
Net income (loss)$216 $234 $42 $(2)$490 
Average assets$69,364 $37,882 $2,088 $45,333 $154,667 
Three Months Ended September 30, 2023
 Corporate BankConsumer
Bank		Wealth
Management		OtherConsolidated
 (In millions)
Net interest income$488 $760 $43 $— $1,291 
Provision for (benefit from) credit losses87 70 2 (14)145 
Non-interest income181 256 113 16 566 
Non-interest expense303 672 105 13 1,093 
Income before income taxes279 274 49 17 619 
Income tax expense (benefit)70 69 12 (22)129 
Net income $209 $205 $37 $39 $490 
Average assets$70,032 $38,108 $2,018 $43,326 $153,484 
 Nine Months Ended September 30, 2024
 Corporate BankConsumer BankWealth
Management		OtherConsolidated
 (In millions)
Net interest income $1,359 $2,107 $122 $— $3,588 
Provision for (benefit from) credit losses 272 202 6 (113)367 
Non-interest income (loss)657 780 374 (131)1,680 
Non-interest expense 950 1,800 333 121 3,204 
Income (loss) before income taxes794 885 157 (139)1,697 
Income tax expense (benefit)199 221 40 (122)338 
Net income (loss)
$595 $664 $117 $(17)$1,359 
Average assets$69,081 $37,974 $2,059 $43,884 $152,998 
 Nine Months Ended September 30, 2023
 Corporate BankConsumer BankWealth
Management		OtherConsolidated
 (In millions)
Net interest income $1,531 $2,410 $148 $— $4,089 
Provision for (benefit from) credit losses 252 208 6 (68)398 
Non-interest income 525 783 339 29 1,676 
Non-interest expense932 1,946 320 33 3,231 
Income before income taxes872 1,039 161 64 2,136 
Income tax expense (benefit)218 260 40 (65)453 
Net income $654 $779 $121 $129 $1,683 
Average assets$69,773 $37,625 $2,053 $43,997 $153,448