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BUSINESS SEGMENTS
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
We operate in three reportable segments: Community Banking, Wealth Management and Insurance.
 
•
The Community Banking segment provides commercial and consumer banking services. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, business credit, capital markets and lease financing. Consumer banking products and services include deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services.
•
The Wealth Management segment provides a broad range of personal and corporate fiduciary services including the administration of decedent and trust estates. In addition, it offers various alternative products, including securities brokerage and investment advisory services, mutual funds and annuities.
•
The Insurance segment includes a full-service insurance agency offering all lines of commercial and personal insurance through major carriers. The Insurance segment also includes a reinsurer.
We also previously operated a Consumer Finance segment, which is no longer a reportable segment. This segment primarily made installment loans to individuals and purchased installment sales finance contracts from retail merchants. On August 31, 2018, as part of our strategy to enhance the overall positioning of our consumer banking operations, we sold 100 percent of the issued and outstanding capital stock of Regency to Mariner Finance, LLC. This transaction was completed to accomplish several strategic objectives, including enhancing the credit risk profile of the consumer loan portfolio, offering additional liquidity and selling a non-strategic business segment that no longer fits with our core business. Regency's financial information is included in the Consumer Finance segment in the 2018 table that follows.
The following tables provide financial information for these segments of FNB. The information provided under the caption “Parent and Other” represents operations not considered to be reportable segments and/or general operating expenses of FNB, and includes the parent company, other non-bank subsidiaries and eliminations and adjustments to reconcile to the Consolidated Financial Statements.
TABLE 16.1
 
 
(in millions)
Community
Banking
 
Wealth
Management
 
Insurance
 
Consumer
Finance
 
Parent and
Other
 
Consolidated
At or for the Three Months Ended March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Interest income
$
310

 
$
—

 
$
—

 
$
—

 
$
—

 
$
310

Interest expense
76

 
—

 
—

 
—

 
3

 
79

Net interest income
234

 
—

 
—

 
—

 
(3
)
 
231

Provision for credit losses
14

 
—

 
—

 
—

 
—

 
14

Non-interest income
51

 
11

 
5

 
—

 
(2
)
 
65

Non-interest expense (1)
147

 
9

 
4

 
—

 
2

 
162

Amortization of intangibles
4

 
—

 
—

 
—

 
—

 
4

Income tax expense (benefit)
23

 
—

 
—

 
—

 
(1
)
 
22

Net income (loss)
97

 
2

 
1

 
—

 
(6
)
 
94

Total assets
33,598

 
27

 
25

 
—

 
45

 
33,695

Total intangibles
2,301

 
10

 
19

 
—

 
—

 
2,330

At or for the Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Interest income
$
264

 
$
—

 
$
—

 
$
9

 
$
—

 
$
273

Interest expense
42

 
—

 
—

 
1

 
4

 
47

Net interest income
222

 
—

 
—

 
8

 
(4
)
 
226

Provision for credit losses
12

 
—

 
—

 
2

 
—

 
14

Non-interest income
53

 
11

 
4

 
1

 
(2
)
 
67

Non-interest expense (1)
149

 
8

 
4

 
5

 
1

 
167

Amortization of intangibles
4

 
—

 
—

 
—

 
—

 
4

Income tax expense (benefit)
22

 
1

 
—

 
—

 
(2
)
 
21

Net income (loss)
88

 
2

 
—

 
2

 
(5
)
 
87

Total assets
31,424

 
25

 
20

 
170

 
13

 
31,652

Total intangibles
2,315

 
10

 
12

 
2

 
—

 
2,339

(1) Excludes amortization of intangibles, which is presented separately.