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Business Segment Information | 9 Months Ended
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Sep. 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 September 30, 2024
| Corporate Bank |  | Consumer Bank |  | Wealth Management |  | Other |  | Consolidated |  |  |  |
| (In millions)
Net interest income | $ | 459 |  |  | $ | 718 |  |  | $ | 41 |  |  | $ | — |  |  | $ | 1,218 |  |  |  |  |
Provision for (benefit from) credit losses | 91 |  |  | 67 |  |  | 2 |  |  | (47) |  |  | 113 |  |  |  |  |
Non-interest income (loss) | 240 |  |  | 264 |  |  | 130 |  |  | (62) |  |  | 572 |  |  |  |  |
Non-interest expense | 319 |  |  | 603 |  |  | 114 |  |  | 33 |  |  | 1,069 |  |  |  |  |
Income (loss) before income taxes | 289 |  |  | 312 |  |  | 55 |  |  | (48) |  |  | 608 |  |  |  |  |
Income tax expense (benefit) | 73 |  |  | 78 |  |  | 13 |  |  | (46) |  |  | 118 |  |  |  |  |
Net income (loss) | $ | 216 |  |  | $ | 234 |  |  | $ | 42 |  |  | $ | (2) |  |  | $ | 490 |  |  |  |  |
Average assets | $ | 69,364 |  |  | $ | 37,882 |  |  | $ | 2,088 |  |  | $ | 45,333 |  |  | $ | 154,667 |  |  |  |  |
| Three Months Ended September 30, 2023
| Corporate Bank |  | Consumer Bank |  | Wealth Management |  | Other |  | Consolidated |  |  |  |
| (In millions)
Net interest income | $ | 488 |  |  | $ | 760 |  |  | $ | 43 |  |  | $ | — |  |  | $ | 1,291 |  |  |  |  |
Provision for (benefit from) credit losses | 87 |  |  | 70 |  |  | 2 |  |  | (14) |  |  | 145 |  |  |  |  |
Non-interest income | 181 |  |  | 256 |  |  | 113 |  |  | 16 |  |  | 566 |  |  |  |  |
Non-interest expense | 303 |  |  | 672 |  |  | 105 |  |  | 13 |  |  | 1,093 |  |  |  |  |
Income before income taxes | 279 |  |  | 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 |  |  |  |  |
| Nine Months Ended September 30, 2024
| Corporate Bank |  | Consumer Bank |  | Wealth Management |  | Other |  |  |  |  |  | Consolidated
| (In millions)
Net interest income | $ | 1,359 |  |  | $ | 2,107 |  |  | $ | 122 |  |  | $ | — |  |  |  |  |  |  | $ | 3,588 |
Provision for (benefit from) credit losses | 272 |  |  | 202 |  |  | 6 |  |  | (113) |  |  |  |  |  |  | 367 |
Non-interest income (loss) | 657 |  |  | 780 |  |  | 374 |  |  | (131) |  |  |  |  |  |  | 1,680 |
Non-interest expense | 950 |  |  | 1,800 |  |  | 333 |  |  | 121 |  |  |  |  |  |  | 3,204 |
Income (loss) before income taxes | 794 |  |  | 885 |  |  | 157 |  |  | (139) |  |  |  |  |  |  | 1,697 |
Income tax expense (benefit) | 199 |  |  | 221 |  |  | 40 |  |  | (122) |  |  |  |  |  |  | 338 |
Net income (loss) | $ | 595 |  |  | $ | 664 |  |  | $ | 117 |  |  | $ | (17) |  |  |  |  |  |  | $ | 1,359 |
Average assets | $ | 69,081 |  |  | $ | 37,974 |  |  | $ | 2,059 |  |  | $ | 43,884 |  |  |  |  |  |  | $ | 152,998 |
| Nine Months Ended September 30, 2023
| Corporate Bank |  | Consumer Bank |  | Wealth Management |  | Other |  |  |  |  |  | Consolidated
| (In millions)
Net interest income | $ | 1,531 |  |  | $ | 2,410 |  |  | $ | 148 |  |  | $ | — |  |  |  |  |  |  | $ | 4,089 |
Provision for (benefit from) credit losses | 252 |  |  | 208 |  |  | 6 |  |  | (68) |  |  |  |  |  |  | 398 |
Non-interest income | 525 |  |  | 783 |  |  | 339 |  |  | 29 |  |  |  |  |  |  | 1,676 |
Non-interest expense | 932 |  |  | 1,946 |  |  | 320 |  |  | 33 |  |  |  |  |  |  | 3,231 |
Income before income taxes | 872 |  |  | 1,039 |  |  | 161 |  |  | 64 |  |  |  |  |  |  | 2,136 |
Income tax expense (benefit) | 218 |  |  | 260 |  |  | 40 |  |  | (65) |  |  |  |  |  |  | 453 |
Net income | $ | 654 |  |  | $ | 779 |  |  | $ | 121 |  |  | $ | 129 |  |  |  |  |  |  | $ | 1,683 |
Average assets | $ | 69,773 |  |  | $ | 37,625 |  |  | $ | 2,053 |  |  | $ | 43,997 |  |  |  |  |  |  | $ | 153,448 |

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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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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