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Business Segment Information
6 Months Ended
Jun. 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 June 30, 2024
 Corporate BankConsumer
Bank
Wealth
Management
OtherConsolidated
 (In millions)
Net interest income $449 $697 $40 $— $1,186 
Provision for (benefit from) credit losses91 66 (57)102 
Non-interest income (loss)199 259 124 (37)545 
Non-interest expense307 571 108 18 1,004 
Income before income taxes250 319 54 625 
Income tax expense (benefit)62 80 14 (32)124 
Net income $188 $239 $40 $34 $501 
Average assets$68,934 $38,007 $2,053 $43,873 $152,867 
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 
 Six Months Ended June 30, 2024
 Corporate BankConsumer BankWealth
Management
OtherConsolidated
 (In millions)
Net interest income $901 $1,389 $80 $— $2,370 
Provision for (benefit from) credit losses 182 134 (66)254 
Non-interest income (loss)417 516 244 (69)1,108 
Non-interest expense 631 1,198 219 87 2,135 
Income before income taxes505 573 101 (90)1,089 
Income tax expense (benefit)126 143 25 (74)220 
Net income (loss)
$379 $430 $76 $(16)$869 
Average assets$68,938 $38,021 $2,044 $43,152 $152,155 
 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 expense626 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