BUSINESS SEGMENTS

3 Months Ended

Mar. 31, 2024

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 table provides 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 17.1

(in millions)	Community Banking		Wealth Management		Insurance		Parent and Other		Consolidated
At or for the Three Months Ended March 31, 2024
Interest income	$	542	$	—	$	—	$	1	$	543
Interest expense	218		—		—		6		224
Net interest income	324		—		—		(5)		319
Provision for credit losses	14		—		—		—		14
Non-interest income	62		20		7		(1)		88
Non-interest expense (1)	211		13		4		5		233
Amortization of intangibles	4		—		—		—		4
Income tax expense (benefit)	34		2		1		(3)		34
Net income (loss)	123		5		2		(8)		122
Total assets	45,639		43		33		181		45,896
Total intangibles	2,507		9		26		—		2,542
At or for the Three Months Ended March 31, 2023
Interest income	$	442	$	—	$	—	$	2	$	444
Interest expense	98		—		—		9		107
Net interest income	344		—		—		(7)		337
Provision for credit losses	14		—		—		—		14
Non-interest income	55		18		7		(1)		79
Non-interest expense (1)	195		13		4		3		215
Amortization of intangibles	5		—		—		—		5
Income tax expense (benefit)	38		1		—		(4)		35
Net income (loss)	147		4		3		(7)		147
Total assets	43,998		38		31		79		44,146
Total intangibles	2,526		9		26		—		2,561

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