BUSINESS SEGMENTS

3 Months Ended

Mar. 31, 2022

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 (under a third-party arrangement) and investment advisory services, mutual funds and annuities.

•The Insurance segment includes a full-service insurance brokerage service 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, 2022
Interest income	$	253	$	—	$	—	$	1	$	254
Interest expense	17		—		—		3		20
Net interest income	236		—		—		(2)		234
Provision for credit losses	17		—		—		1		18
Non-interest income	56		16		7		(1)		78
Non-interest expense (1)	207		11		5		1		224
Amortization of intangibles	3		—		—		—		3
Income tax expense (benefit)	14		1		—		(1)		14
Net income (loss)	51		4		2		(4)		53
Total assets	41,896		38		33		55		42,022
Total intangibles	2,457		9		27		—		2,493
At or for the Three Months Ended March 31, 2021
Interest income	$	251	$	—	$	—	$	—	$	251
Interest expense	25		—		—		3		28
Net interest income	226		—		—		(3)		223
Provision for credit losses	6		—		—		—		6
Non-interest income	63		15		6		(1)		83
Non-interest expense (1)	165		10		5		2		182
Amortization of intangibles	3		—		—		—		3
Income tax expense (benefit)	22		1		—		(1)		22
Net income (loss)	93		4		1		(5)		93
Total assets	38,360		40		34		41		38,475
Total intangibles	2,276		9		28		—		2,313

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