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Business Segment Information
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Business Segment Information
NOTE 10. 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 June 30, 2023
 Corporate BankConsumer
Bank
Wealth
Management
OtherConsolidated
 (In millions)
Net interest income $515 $819 $47 $— $1,381 
Provision for (benefit from) credit losses85 71 (40)118 
Non-interest income185 267 113 11 576 
Non-interest expense312 686 106 1,111 
Income before income taxes303 329 52 44 728 
Income tax expense (benefit)76 82 13 (24)147 
Net income $227 $247 $39 $68 $581 
Average assets$70,180 $37,597 $2,055 $43,942 $153,774 
Three Months Ended June 30, 2022
 Corporate BankConsumer
Bank
Wealth
Management
OtherConsolidated
 (In millions)
Net interest income$466 $600 $42 $— $1,108 
Provision for (benefit from) credit losses67 69 (78)60 
Non-interest income (loss)235 311 105 (11)640 
Non-interest expense (benefit)286 567 101 (6)948 
Income before income taxes348 275 44 73 740 
Income tax expense (benefit)87 68 11 (9)157 
Net income $261 $207 $33 $82 $583 
Average assets$63,311 $36,293 $2,141 $60,081 $161,826 

 Six Months Ended June 30, 2023
 Corporate BankConsumer BankWealth
Management
OtherConsolidated
 (In millions)
Net interest income $1,040 $1,657 $101 $— $2,798 
Provision for (benefit from) credit losses 165 138 (54)253 
Non-interest income 347 525 226 12 1,110 
Non-interest expense 626 1,275 215 22 2,138 
Income before income taxes596 769 108 44 1,517 
Income tax expense (benefit)149 192 27 (44)324 
Net income $447 $577 $81 $88 $1,193 
Average assets$69,639 $37,378 $2,070 $44,343 $153,430 
 Six Months Ended June 30, 2022
 Corporate BankConsumer BankWealth
Management
OtherConsolidated
 (In millions)
Net interest income $899 $1,147 $77 $— $2,123 
Provision for (benefit from) credit losses 135 140 (256)24 
Non-interest income (loss)419 615 207 (17)1,224 
Non-interest expense (benefit)565 1,123 196 (3)1,881 
Income before income taxes618 499 83 242 1,442 
Income tax expense 154 125 21 11 311 
Net income $464 $374 $62 $231 $1,131 
Average assets$61,810 $36,283 $2,135 $61,550 $161,778