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Business Segment Information
3 Months Ended
Mar. 31, 2025
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 Company has three reportable segments: Corporate Bank, Consumer Bank, and Wealth Management, with the remainder in Other. The segments are based on the manner in which the CODM reviews the Company's performance. The Company's CODM is the CEO, President and Chair of the Board. As a part of the CODM review, pre-tax income is utilized to allocate resources amongst segments. Additional information about the Company's reportable segments is included in Regions' Annual Report on Form 10-K for the year ended December 31, 2024.
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. Accordingly, the prior periods were updated to reflect these enhancements.
The following tables present financial information, including non-interest income disaggregated by major product category, for each reportable segment:
Three Months Ended March 31, 2025
Corporate BankConsumer BankWealth
Management
OtherConsolidated
 (In millions)
Net interest income$441 $710 $43 $— $1,194 
Provision for credit losses86 67 (31)124 
Non-interest income (loss):
Service charges on deposit accounts64 96 — 161 
Card and ATM fees11 106 — — 117 
Investment management and trust fee income— — 86 — 86 
Capital markets income79 — — 80 
Mortgage income— 40 — — 40 
Investment services fee income— — 43 — 43 
Commercial credit fee income27 — — — 27 
Bank-owned life insurance— — — 23 23 
Securities gains (losses), net— — — (25)(25)
Market value adjustments on employee benefit assets
— — — (3)(3)
Other miscellaneous income42 19 (21)41 
Total non-interest income (loss)
223 261 132 (26)590 
Non-interest expense:
Salaries and employee benefits145 179 70 231 625 
Equipment and software expense24 70 99 
Net occupancy expense53 70 
Other expenses (1)
154 340 45 (294)245 
Total non-interest expense
310 596 119 14 1,039 
Income (loss) before income taxes
268 308 54 (9)621 
Income tax expense (benefit)67 77 13 (26)131 
Net income
$201 $231 $41 $17 $490 
Average assets$69,289 $37,667 $2,133 $47,787 $156,876 
 Three Months Ended March 31, 2024
 Corporate BankConsumer BankWealth
Management
OtherConsolidated
 (In millions)
Net interest income$452 $692 $40 $— $1,184 
Provision for (benefit from) credit losses91 68 (9)$152 
Non-interest income (loss):
Service charges on deposit accounts55 92 — 148 
Card and ATM fees11 105 — — 116 
Investment management and trust fee income— — 81 — 81 
Capital markets income91 — — — 91 
Mortgage income— 41 — — 41 
Investment services fee income— — 38 — 38 
Commercial credit fee income27 — — — 27 
Bank-owned life insurance— — — 23 23 
Securities gains (losses), net— — — (50)(50)
Market value adjustments on employee benefit assets
— — — 15 15 
Other miscellaneous income35 19 — (21)33 
Total non-interest income (loss)
219 257 120 (33)563 
Non-interest expense:
Salaries and employee benefits150 184 66 258 658 
Equipment and software expense26 70 101 
Net occupancy expense56 74 
Other expenses (1)
163 361 42 (268)298 
Total non-interest expense
324 627 112 68 1,131 
Income (loss) before income taxes
256 254 46 (92)464 
Income tax expense (benefit)64 64 11 (43)96 
Net income (loss)$192 $190 $35 $(49)$368 
Average assets$68,941 $38,035 $2,035 $42,433 $151,444 
 
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(1) Other miscellaneous expenses are primarily comprised of outside services, marketing, professional, legal and regulatory expenses, credit and checkcard expenses, and FDIC insurance assessment fees.