Business Segments

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Business Segments

22.      BUSINESS SEGMENTS

We operate in four reportable segments: Community Banking, Wealth Management, Insurance and Consumer Finance.

• The Community Banking segment provides commercial and consumer banking services. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, asset based lending, 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 Consumer Finance segment primarily makes installment loans to individuals and purchases installment sales finance contracts from retail merchants. The Consumer Finance segment activity is funded through the sale of subordinated notes, which are issued by a wholly-owned subsidiary and guaranteed by us.

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.

(in thousands)	Community Banking		Wealth Manage- ment		Insurance			Consumer Finance		Parent and Other			Consolidated
At or for the Year Ended December 31, 2016
Interest income	$	629,700	$	—	$	84		$	40,922	$	8,257		$	678,963
Interest expense		56,182		—		—			3,759		7,510			67,451
Net interest income		573,518		—		84			37,163		747			611,512
Provision for credit losses		47,386		—		—			6,706		1,660			55,752
Non-interest income		151,149		35,283		14,750			3,002		(2,423	)		201,761
Non-interest expense (1)		435,089		27,201		12,965			21,662		3,006			499,923
Amortization of intangibles		10,526		259		425			—		—			11,210
Income taxes (benefit)		70,756		2,845		532			4,488		(3,124	)		75,497
Net income (loss)		160,910		4,978		912			7,309		(3,218	)		170,891
Total assets		21,659,634		19,619		22,053			193,349		(49,838	)		21,844,817
Total intangibles		1,075,118		10,189		12,340			1,809		—			1,099,456
At or for the Year Ended December 31, 2015
Interest income	$	500,030	$	—	$	89		$	39,868	$	6,808		$	546,795
Interest expense		41,227		—		—			3,518		3,828			48,573
Net interest income		458,803		—		89			36,350		2,980			498,222
Provision for credit losses		32,125		—		—			7,396		920			40,441
Non-interest income		116,141		35,246		13,052			2,926		(4,955	)		162,410
Non-interest expense (1)		319,923		27,264		13,891			20,189		977			382,244
Amortization of intangibles		7,544		273		488			—		—			8,305
Income taxes (benefit)		65,071		2,803		(412	)		4,709		(2,178	)		69,993
Net income (loss)		150,281		4,906		(826	)		6,982		(1,694	)		159,649
Total assets		17,374,384		20,753		22,207			195,048		(54,730	)		17,557,662
Total intangibles		853,551		10,447		12,923			1,809		—			878,730
At or for the Year Ended December 31, 2014
Interest income	$	463,376	$	—	$	98		$	38,914	$	6,595		$	508,983
Interest expense		36,318		—		—			3,352		3,016			42,686
Net interest income		427,058		—		98			35,562		3,579			466,297
Provision for credit losses		30,872		—		—			6,920		856			38,648
Non-interest income		115,858		31,497		13,598			2,919		(5,598	)		158,274
Non-interest expense (1)		311,834		25,338		11,558			19,692		1,114			369,536
Amortization of intangibles		9,025		288		404			—		—			9,717
Income taxes (benefit)		57,634		2,135		625			4,430		(2,204	)		62,620
Net income (loss)		133,551		3,736		1,109			7,439		(1,785	)		144,050
Total assets		15,944,040		20,877		19,222			187,796		(44,845	)		16,127,090
Total intangibles		857,066		10,720		10,122			1,809		—			879,717

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