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Business Segment Information | 3 Months Ended
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Mar. 31, 2023
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. Additional information about the Company's reportable segments is included in Regions' Annual Report on Form 10-K for the year ended December 31, 2022. 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. The following tables present financial information for each reportable segment for the periods indicated:
| Three Months Ended March 31, 2023
| Corporate Bank |  | Consumer Bank |  | Wealth Management |  | Other |  | Consolidated |  |  |  |
| (In millions)
Net interest income | $ | 525 |  |  | $ | 838 |  |  | $ | 54 |  |  | $ | — |  |  | $ | 1,417 |  |  |  |  |
Provision for (benefit from) credit losses | 80 |  |  | 67 |  |  | 2 |  |  | (14) |  |  | 135 |  |  |  |  |
Non-interest income | 161 |  |  | 258 |  |  | 114 |  |  | 1 |  |  | 534 |  |  |  |  |
Non-interest expense | 313 |  |  | 588 |  |  | 110 |  |  | 16 |  |  | 1,027 |  |  |  |  |
Income (loss) before income taxes | 293 |  |  | 441 |  |  | 56 |  |  | (1) |  |  | 789 |  |  |  |  |
Income tax expense (benefit) | 73 |  |  | 110 |  |  | 14 |  |  | (20) |  |  | 177 |  |  |  |  |
Net income | $ | 220 |  |  | $ | 331 |  |  | $ | 42 |  |  | $ | 19 |  |  | $ | 612 |  |  |  |  |
Average assets | $ | 69,093 |  |  | $ | 37,156 |  |  | $ | 2,086 |  |  | $ | 44,747 |  |  | $ | 153,082 |  |  |  |  |
| Three Months Ended March 31, 2022
| Corporate Bank |  | Consumer Bank |  | Wealth Management |  | Other |  | Consolidated |  |  |  |
| (In millions)
Net interest income | $ | 433 |  |  | $ | 547 |  |  | $ | 35 |  |  | $ | — |  |  | $ | 1,015 |  |  |  |  |
Provision for (benefit from) credit losses | 69 |  |  | 70 |  |  | 2 |  |  | (177) |  |  | (36) |  |  |  |  |
Non-interest income | 184 |  |  | 304 |  |  | 103 |  |  | (7) |  |  | 584 |  |  |  |  |
Non-interest expense | 278 |  |  | 558 |  |  | 97 |  |  | — |  |  | 933 |  |  |  |  |
Income before income taxes | 270 |  |  | 223 |  |  | 39 |  |  | 170 |  |  | 702 |  |  |  |  |
Income tax expense | 68 |  |  | 56 |  |  | 10 |  |  | 20 |  |  | 154 |  |  |  |  |
Net income | $ | 202 |  |  | $ | 167 |  |  | $ | 29 |  |  | $ | 150 |  |  | $ | 548 |  |  |  |  |
Average assets | $ | 60,292 |  |  | $ | 36,272 |  |  | $ | 2,130 |  |  | $ | 63,034 |  |  | $ | 161,728 |  |  |  |  |

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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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