BUSINESS SEGMENTS

6 Months Ended

Jun. 30, 2020

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.

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 June 30, 2020
Interest income	$	280	$	—	$	—	$	1	$	281
Interest expense	46		—		—		6		52
Net interest income	234		—		—		(5)		229
Provision for credit losses	30		—		—		—		30
Non-interest income	65		11		5		(4)		77
Non-interest expense (1)	157		8		4		3		172
Amortization of intangibles	3		—		1		—		4
Income tax expense (benefit)	17		—		—		(1)		16
Net income (loss)	92		3		—		(11)		84
Total assets	37,598		33		36		54		37,721
Total intangibles	2,285		9		29		—		2,323
At or for the Three Months Ended June 30, 2019
Interest income	$	316	$	—	$	—	$	1	$	317
Interest expense	81		—		—		6		87
Net interest income	235		—		—		(5)		230
Provision for credit losses	11		—		—		—		11
Non-interest income	61		12		4		(2)		75
Non-interest expense (1)	157		9		4		2		172
Amortization of intangibles	3		—		—		—		3
Income tax expense (benefit)	24		1		—		(1)		24
Net income (loss)	101		2		—		(8)		95
Total assets	33,785		27		35		56		33,903
Total intangibles	2,297		10		29		—		2,336
(1) Excludes amortization of intangibles, which is presented separately.

(in millions)	Community Banking		Wealth Management		Insurance		Parent and Other		Consolidated
At or for the Six Months Ended June 30, 2020
Interest income	$	586	$	—	$	—	$	1	$	587
Interest expense	114		—		—		12		126
Net interest income	472		—		—		(11)		461
Provision for credit losses	78		—		—		—		78
Non-interest income	117		24		11		(6)		146
Non-interest expense (1)	333		18		9		4		364
Amortization of intangibles	6		—		1		—		7
Income tax expense (benefit)	29		1		—		(3)		27
Net income (loss)	143		5		1		(18)		131
Total assets	37,598		33		36		54		37,721
Total intangibles	2,285		9		29		—		2,323
At or for the Six Months Ended June 30, 2019
Interest income	$	626	$	—	$	—	$	1	$	627
Interest expense	157		—		—		9		166
Net interest income	469		—		—		(8)		461
Provision for credit losses	25		—		—		—		25
Non-interest income	112		23		9		(4)		140
Non-interest expense (1)	304		18		8		4		334
Amortization of intangibles	7		—		—		—		7
Income tax expense (benefit)	47		1		—		(2)		46
Net income (loss)	198		4		1		(14)		189
Total assets	33,785		27		35		56		33,903
Total intangibles	2,297		10		29		—		2,336

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