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Business Segment Information
9 Months Ended
Sep. 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 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 (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 
Three Months Ended September 30, 2022
 Corporate BankConsumer
Bank
Wealth
Management
OtherConsolidated
 (In millions)
Net interest income$510 $701 $51 $— $1,262 
Provision for (benefit from) credit losses72 73 (12)135 
Non-interest income (loss)210 283 108 605 
Non-interest expense (benefit)305 582 104 179 1,170 
Income before income taxes343 329 53 (163)562 
Income tax expense (benefit)86 82 14 (49)133 
Net income $257 $247 $39 $(114)$429 
Average assets$66,384 $37,138 $2,098 $52,802 $158,422 

 Nine Months Ended September 30, 2023
 Corporate BankConsumer BankWealth
Management
OtherConsolidated
 (In millions)
Net interest income $1,528 $2,417 $144 $— $4,089 
Provision for (benefit from) credit losses 252 208 (68)398 
Non-interest income 525 783 339 29 1,676 
Non-interest expense 928 1,947 320 36 3,231 
Income before income taxes873 1,045 157 61 2,136 
Income tax expense (benefit)219 260 39 (65)453 
Net income $654 $785 $118 $126 $1,683 
Average assets$69,772 $37,624 $2,053 $43,999 $153,448 
 Nine Months Ended September 30, 2022
 Corporate BankConsumer BankWealth
Management
OtherConsolidated
 (In millions)
Net interest income $1,408 $1,849 $128 $— $3,385 
Provision for (benefit from) credit losses 208 213 (269)159 
Non-interest income (loss)629 898 316 (14)1,829 
Non-interest expense (benefit)868 1,707 302 174 3,051 
Income before income taxes961 827 135 81 2,004 
Income tax expense 240 206 33 (35)444 
Net income $721 $621 $102 $116 $1,560 
Average assets$63,351 $36,571 $2,123 $58,602 $160,647