BUSINESS SEGMENTS

3 Months Ended

Mar. 31, 2020

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.

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 18.1



(in millions)	Community Banking		Wealth Management		Insurance		Parent and Other			Consolidated
At or for the Three Months Ended March 31, 2020
Interest income	$	306	$	—	$	—	$	—		$	306
Interest expense	68		—		—		6			74
Net interest income	238		—		—		(6		)	232
Provision for credit losses	48		—		—		—			48
Non-interest income	52		13		6		(2		)	69
Non-interest expense ⁽¹⁾	176		10		5		1			192
Amortization of intangibles	3		—		—		—			3
Income tax expense (benefit)	12		1		—		(2		)	11
Net income (loss)	51		2		1		(7		)	47
Total assets	34,933		34		36		46			35,049
Total intangibles	2,288		9		29		—			2,326
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

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