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Business Segment Information | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
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. 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. Accordingly, the prior periods were updated to reflect these enhancements. In the first quarter of 2021, the net interest income allocation methodology was enhanced. All net interest income including the FTP offset, activities of the treasury function, securities portfolio and interest rate risk activities is allocated to the three reporting segments. The Corporate Bank segment represents the Company’s commercial banking functions including commercial and industrial, commercial real estate and investor real estate lending. This segment also includes equipment lease financing, as well as capital markets activities, which include securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition and other advisory services. Corporate Bank customers include corporate, middle market, and commercial real estate developers and investors. Corresponding deposit products related to these types of customers are also included in this segment. The Consumer Bank segment represents the Company’s branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships. These services are also provided through the Company's digital channels and contact center. The Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities a wide range of solutions to help protect, grow and transfer wealth. Offerings include credit related products, trust and investment management, asset management, retirement and savings solutions and estate planning. Other includes the Company’s Treasury function, the securities portfolio, wholesale funding activities, interest rate risk management activities and other corporate functions that are not related to a strategic business unit. Also within Other are certain reconciling items in order to translate the segment results that are based on management accounting practices into consolidated results. Management accounting practices utilized by Regions as the basis of presentation for segment results include the following: •Net interest income is presented based upon an FTP approach, for which market-based funding charges/credits are assigned within the segments. By allocating a cost or a credit to each product based on the FTP framework, management is able to more effectively measure the net interest margin contribution of its assets/liabilities by segment. The summation of the interest income/expense and FTP charges/credits for each segment is its designated net interest income. •Provision for (benefit from) credit losses is allocated to each segment based on an estimated loss methodology. The difference between the consolidated provision for (benefit from) credit losses and the segments’ estimated loss is reflected in Other. •Income tax expense (benefit) is calculated for the Corporate Bank, Consumer Bank and Wealth Management based on a consistent federal and state statutory rate. Any difference between the Company’s consolidated income tax expense (benefit) and the segments’ calculated amounts is reflected in Other. •Management reporting allocations of certain expenses are made in order to analyze the financial performance of the segments. These allocations consist of operational and overhead cost pools and are intended to represent the total costs to support a segment. The following tables present financial information for each reportable segment for the year ended December 31:
| 2022
| Corporate Bank |  | Consumer Bank |  | Wealth Management |  | Other |  | Consolidated |  |  |  |
| (In millions)
Net interest income | $ | 1,961 |  |  | $ | 2,641 |  |  | $ | 184 |  |  | $ | — |  |  | $ | 4,786 |  |  |  |  |
Provision for (benefit from) credit losses | 287 |  |  | 280 |  |  | 9 |  |  | (305) |  |  | 271 |  |  |  |  |
Non-interest income | 803 |  |  | 1,165 |  |  | 426 |  |  | 35 |  |  | 2,429 |  |  |  |  |
Non-interest expense | 1,184 |  |  | 2,296 |  |  | 404 |  |  | 184 |  |  | 4,068 |  |  |  |  |
Income before income taxes | 1,293 |  |  | 1,230 |  |  | 197 |  |  | 156 |  |  | 2,876 |  |  |  |  |
Income tax expense (benefit) | 323 |  |  | 308 |  |  | 50 |  |  | (50) |  |  | 631 |  |  |  |  |
Net income | $ | 970 |  |  | $ | 922 |  |  | $ | 147 |  |  | $ | 206 |  |  | $ | 2,245 |  |  |  |  |
Average assets | $ | 64,532 |  |  | $ | 36,623 |  |  | $ | 2,116 |  |  | $ | 56,121 |  |  | $ | 159,392 |  |  |  |  |
| 2021
| Corporate Bank |  | Consumer Bank |  | Wealth Management |  | Other |  | Consolidated |  |  |  |
| (In millions)
Net interest income | $ | 1,759 |  |  | $ | 2,016 |  |  | $ | 139 |  |  | $ | — |  |  | $ | 3,914 |  |  |  |  |
Provision for (benefit from) credit losses | 295 |  |  | 254 |  |  | 10 |  |  | (1,083) |  |  | (524) |  |  |  |  |
Non-interest income | 752 |  |  | 1,266 |  |  | 390 |  |  | 116 |  |  | 2,524 |  |  |  |  |
Non-interest expense | 1,090 |  |  | 2,174 |  |  | 387 |  |  | 96 |  |  | 3,747 |  |  |  |  |
Income before income taxes | 1,126 |  |  | 854 |  |  | 132 |  |  | 1,103 |  |  | 3,215 |  |  |  |  |
Income tax expense | 282 |  |  | 213 |  |  | 33 |  |  | 166 |  |  | 694 |  |  |  |  |
Net income | $ | 844 |  |  | $ | 641 |  |  | $ | 99 |  |  | $ | 937 |  |  | $ | 2,521 |  |  |  |  |
Average assets | $ | 59,132 |  |  | $ | 34,309 |  |  | $ | 2,046 |  |  | $ | 58,782 |  |  | $ | 154,269 |  |  |  |  |
| 2020
| Corporate Bank |  | Consumer Bank |  | Wealth Management |  | Other |  | Consolidated |  |  |  |
| (In millions)
Net interest income | $ | 1,684 |  |  | $ | 2,070 |  |  | $ | 140 |  |  | $ | — |  |  | $ | 3,894 |  |  |  |  |
Provision for credit losses | 281 |  |  | 305 |  |  | 11 |  |  | 733 |  |  | 1,330 |  |  |  |  |
Non-interest income | 656 |  |  | 1,267 |  |  | 344 |  |  | 126 |  |  | 2,393 |  |  |  |  |
Non-interest expense | 1,023 |  |  | 2,057 |  |  | 346 |  |  | 217 |  |  | 3,643 |  |  |  |  |
Income (loss) before income taxes | 1,036 |  |  | 975 |  |  | 127 |  |  | (824) |  |  | 1,314 |  |  |  |  |
Income tax expense (benefit) | 259 |  |  | 244 |  |  | 32 |  |  | (315) |  |  | 220 |  |  |  |  |
Net income (loss) | $ | 777 |  |  | $ | 731 |  |  | $ | 95 |  |  | $ | (509) |  |  | $ | 1,094 |  |  |  |  |
Average assets | $ | 61,218 |  |  | $ | 34,530 |  |  | $ | 2,021 |  |  | $ | 40,326 |  |  | $ | 138,095 |  |  |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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