EX-99.2 3 rf-2025331xexhibitx992.htm EX-99.2 Document


Exhibit 99.2

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Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited)
First Quarter 2025





Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release

Table of Contents
 
   Page
Financial Highlights  
Selected Ratios and Other Information*  
Consolidated Balance Sheets  
  
Loans   
Deposits  
Consolidated Statements of Income  
Consolidated Average Daily Balances and Yield / Rate Analysis  
Pre-Tax Pre-Provision Income ("PPI")* and Adjusted PPI*  
Non-Interest Income, Mortgage Income, Wealth Management Income and Capital Markets Income  
Non-Interest Expense  
Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures*  
Adjusted Efficiency Ratios, Adjusted Fee Income Ratios, Adjusted Non-Interest Income / Expense, Adjusted Operating Leverage Ratios, Adjusted Total Revenue, Adjusted Net Income Available to Common Shareholders, Adjusted Diluted EPS, Return Ratios, Tangible Common Ratios, and Common Equity Tier 1 (CET1) Ratios
Asset Quality  
Allowance for Credit Losses, Net Charge-Offs and Related Ratios, Adjusted Net Charge-Offs and Related Ratios  
Non-Accrual Loans (excludes loans held for sale), Early and Late Stage Delinquencies  
Forward-Looking Statements

*Use of non-GAAP financial measures
Regions believes that the presentation of non-GAAP financial measures provides a meaningful basis for period to period comparisons, which management believes will assist investors in assessing the performance of the Company on the same basis as that applied by management. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. Although non-GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools, and should not be considered in isolation, or as a substitute for analyses of results as reported under GAAP. In particular, a measure of earnings that excludes certain adjustments does not represent the amount that effectively accrues directly to shareholders. Additionally, our non-GAAP financial measures may not be comparable to similar non-GAAP financial measures used by other companies.

Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Financial Highlights
Quarter Ended
($ amounts in millions, except per share data)3/31/202512/31/20249/30/20246/30/20243/31/2024
Earnings Summary
Interest income - taxable equivalent$1,737 $1,815 $1,832 $1,774 $1,737 
Interest expense - taxable equivalent531 572 602 576 540 
Net interest income - taxable equivalent1,206 1,243 1,230 1,198 1,197 
Less: Taxable-equivalent adjustment12 13 12 12 13 
Net interest income 1,194 1,230 1,218 1,186 1,184 
Provision for credit losses124 120 113 102 152 
Net interest income after provision for credit losses1,070 1,110 1,105 1,084 1,032 
Non-interest income590 585 572 545 563 
Non-interest expense1,039 1,038 1,069 1,004 1,131 
Income before income taxes621 657 608 625 464 
Income tax expense131 123 118 124 96 
Net income$490 $534 $490 $501 $368 
Net income available to common shareholders$465 $508 $446 $477 $343 
Adjusted net income available to common shareholders (non-GAAP) (1)
$487 $538 $520 $488 $406 
Weighted-average shares outstanding—during quarter:
Basic906 911 914 917 921 
Diluted910 915 918 918 923 
Basic earnings per common share $0.51 $0.56 $0.49 $0.52 $0.37 
Diluted earnings per common share $0.51 $0.56 $0.49 $0.52 $0.37 
Adjusted diluted earnings per common share (non-GAAP) (1)
$0.54 $0.59 $0.57 $0.53 $0.44 
Balance Sheet Summary
At quarter-end
Loans, net of unearned income$95,733 $96,727 $96,789 $97,508 $96,862 
Allowance for credit losses(1,730 )(1,729 )(1,728 )(1,732 )(1,731 )
Assets159,846 157,302 157,426 154,052 154,909 
Deposits130,971 127,603 126,376 126,616 128,982 
Long-term borrowings6,019 5,993 6,016 5,083 3,327 
Shareholders' equity18,530 17,879 18,676 17,169 17,044 
Average balances
Loans, net of unearned income$96,122 $96,408 $97,040 $97,281 $97,420 
Assets156,876 156,508 154,667 152,867 151,444 
Deposits127,687 126,493 125,950 126,901 127,126 
Long-term borrowings6,001 6,025 5,351 3,595 2,405 
Shareholders' equity18,127 18,042 18,047 16,713 17,121 
_____
(1) See reconciliation of these non-GAAP measures to the most directly comparable GAAP measures on page 15.



1
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Selected Ratios and Other Information
As of and for Quarter Ended
 3/31/202512/31/20249/30/20246/30/20243/31/2024
Return on average assets* (1)
1.27 %1.36 %1.26 %1.32 %0.98 %
Return on average common shareholders' equity*11.49 %12.39 %10.88 %12.74 %8.92 %
Return on average tangible common shareholders’ equity (non-GAAP)* (2)
17.72 %19.19 %16.87 %20.75 %14.31 %
Adjusted return on average tangible common shareholders' equity (non-GAAP) *(2)
18.58 %20.30 %19.68 %21.23 %16.96 %
Efficiency ratio57.9 %56.8 %59.3 %57.6 %64.3 %
Adjusted efficiency ratio (non-GAAP) (2)
56.8 %55.4 %56.9 %57.6 %60.6 %
Dividend payout ratio (3)
48.6 %44.7 %51.3 %46.1 %64.2 %
Common book value per share$18.70 $17.77 $18.62 $16.94 $16.76 
Tangible common book value per share (non-GAAP) (2)
$12.29 $11.42 $12.26 $10.61 $10.42 
Total shareholders' equity to total assets11.59 %11.37 %11.86 %11.14 %11.00 %
Tangible common shareholders’ equity to tangible assets (non-GAAP) (2)
7.17 %6.86 %7.37 %6.55 %6.42 %
Common equity Tier 1 (4)
$13,355$13,434 $13,185 $13,093 $12,913 
Total risk-weighted assets (4)
$124,005$124,440 $124,645 $125,682 $125,167 
Common equity Tier 1 ratio (4)
10.8 %10.8 %10.6 %10.4 %10.3 %
Adjusted common equity Tier 1 ratio (non-GAAP) (2)(4)
9.1 %8.8 %9.1 %8.2 %8.2 %
Tier 1 capital ratio (4)
12.2 %12.2 %12.0 %11.7 %11.6 %
Total risk-based capital ratio (4)
14.0 %14.1 %13.9 %13.6 %13.6 %
Leverage ratio (4)
9.8 %9.9 %9.8 %9.8 %9.8 %
Effective tax rate 21.1 %18.9 %19.4 %19.8 %20.7 %
Allowance for credit losses as a percentage of loans, net of unearned income1.81 %1.79 %1.79 %1.78 %1.79 %
Allowance for credit losses to non-performing loans, excluding loans held for sale 205 %186 %210 %204 %191 %
Net interest margin (FTE)* 3.52 %3.55 %3.54 %3.51 %3.55 %
Loans, net of unearned income, to total deposits73.1 %75.8 %76.6 %77.0 %75.1 %
Net charge-offs as a percentage of average loans*0.52 %0.49 %0.48 %0.42 %0.50 %
Non-performing loans, excluding loans held for sale, as a percentage of loans0.88 %0.96 %0.85 %0.87 %0.94 %
Non-performing assets (excluding loans 90 days past due) as a percentage of loans, foreclosed properties, and non-performing loans held for sale0.92 %0.97 %0.87 %0.88 %0.95 %
Non-performing assets (including loans 90 days past due) as a percentage of loans, foreclosed properties, and non-performing loans held for sale (5)
1.11 %1.15 %1.06 %1.06 %1.10 %
Associate headcount—full-time equivalent 19,541 19,644 19,560 19,595 19,641 
ATMs 2,008 2,011 2,019 2,022 2,019 
Branch Statistics
Full service1,224 1,227 1,235 1,236 1,236 
Drive-through/transaction service only25 26 26 26 27 
Total branch outlets1,249 1,253 1,261 1,262 1,263 
*Annualized
(1)Calculated by dividing net income by average assets.
(2)See reconciliation of these non-GAAP measures to the most directly comparable GAAP measures on pages 11, 14, 15, and 16.
(3)Dividend payout ratio reflects dividends declared within the applicable period.
(4)Current quarter Common equity Tier 1 as well as Total risk-weighted assets, Tier 1 capital, Total risk-based capital and Leverage ratios are estimated.
(5)Excludes guaranteed residential first mortgages that are 90+ days past due and still accruing. Refer to the footnotes on page 19 for amounts related to these loans.

2
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Consolidated Balance Sheets
As of
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/2024
Assets:
Cash and due from banks$3,287 $2,893 $2,665 $2,955 $2,527 
Interest-bearing deposits in other banks11,029 7,819 7,856 5,524 8,723 
Debt securities held to maturity5,195 4,427 2,787 733 743 
Debt securities available for sale25,942 26,224 28,698 28,537 27,881 
Loans held for sale345 594 522 552 417 
Loans, net of unearned income 95,733 96,727 96,789 97,508 96,862 
Allowance for loan losses
(1,613)(1,613)(1,607)(1,621)(1,617)
Net loans94,120 95,114 95,182 95,887 95,245 
Other earning assets1,412 1,616 1,625 1,844 1,478 
Premises and equipment, net1,726 1,673 1,648 1,630 1,635 
Interest receivable583 572 596 608 588 
Goodwill5,733 5,733 5,733 5,733 5,733 
Residential mortgage servicing rights at fair value (MSRs)979 1,007 971 1,020 1,026 
Other identifiable intangible assets, net161 169 178 187 196 
Other assets9,334 9,461 8,965 8,842 8,717 
Total assets$159,846 $157,302 $157,426 $154,052 $154,909 
Liabilities and Equity:
Deposits:
Non-interest-bearing$40,443 $39,138 $39,698 $40,927 $41,824 
Interest-bearing90,528 88,465 86,678 85,689 87,158 
Total deposits130,971 127,603 126,376 126,616 128,982 
Borrowed funds:
Short-term borrowings— 500 1,500 513 1,000 
Long-term borrowings6,019 5,993 6,016 5,083 3,327 
Other liabilities4,289 5,296 4,807 4,638 4,522 
Total liabilities141,279 139,392 138,699 136,850 137,831 
Equity:
Preferred stock, non-cumulative perpetual1,715 1,715 1,715 1,659 1,659 
Common stock9 9 10 10 10 
Additional paid-in capital11,161 11,394 11,438 11,575 11,666 
Retained earnings9,299 9,060 8,778 8,561 8,304 
Treasury stock, at cost(1,371)(1,371)(1,371)(1,371)(1,371)
Accumulated other comprehensive income (loss), net(2,283)(2,928)(1,894)(3,265)(3,224)
Total shareholders’ equity18,530 17,879 18,676 17,169 17,044 
Noncontrolling interest
37 31 51 33 34 
Total equity
18,567 17,910 18,727 17,202 17,078 
Total liabilities and equity$159,846 $157,302 $157,426 $154,052 $154,909 







3
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
End of Period Loans
As of
    3/31/20253/31/2025
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/2024 vs. 12/31/2024 vs. 3/31/2024
Commercial and industrial$48,879 $49,671 $49,565 $50,222 $49,701 $(792)(1.6)%$(822)(1.7)%
Commercial real estate mortgage—owner-occupied4,849 4,841 4,873 4,781 4,788 8 0.2 %61 1.3 %
Commercial real estate construction—owner-occupied316 333 341 370 306 (17)(5.1)%10 3.3 %
Total commercial54,044 54,845 54,779 55,373 54,795 (801)(1.5)%(751)(1.4)%
Commercial investor real estate mortgage 6,376 6,567 6,562 6,536 6,422 (191)(2.9)%(46)(0.7)%
Commercial investor real estate construction2,457 2,143 2,250 2,301 2,341 314 14.7 %116 5.0 %
Total investor real estate8,833 8,710 8,812 8,837 8,763 123 1.4 %70 0.8 %
Total business62,877 63,555 63,591 64,210 63,558 (678)(1.1)%(681)(1.1)%
Residential first mortgage20,000 20,094 20,125 20,206 20,199 (94)(0.5)%(199)(1.0)%
Home equity—lines of credit (1)
3,130 3,150 3,130 3,142 3,155 (20)(0.6)%(25)(0.8)%
Home equity—closed-end (2)
2,371 2,390 2,404 2,410 2,415 (19)(0.8)%(44)(1.8)%
Consumer credit card1,384 1,445 1,372 1,349 1,314 (61)(4.2)%70 5.3 %
Other consumer (3)
5,971 6,093 6,167 6,191 6,221 (122)(2.0)%(250)(4.0)%
Total consumer32,856 33,172 33,198 33,298 33,304 (316)(1.0)%(448)(1.3)%
Total Loans$95,733 $96,727 $96,789 $97,508 $96,862 $(994)(1.0)%$(1,129)(1.2)%
______
(1)     The balance of Regions' home equity lines of credit consists of $1,413 million of first lien and $1,717 million of second lien at 3/31/2025.
(2)    The balance of Regions' closed-end home equity loans consists of $1,859 million of first lien and $512 million of second lien at 3/31/2025.
(3)    Starting in 2025, other consumer loans also includes exit portfolios, which consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
As of
End of Period Loans by Percentage(1)
3/31/202512/31/20249/30/20246/30/20243/31/2024
Commercial and industrial51.1 %51.4 %51.2 %51.5 %51.3 %
Commercial real estate mortgage—owner-occupied5.1 %5.0 %5.0 %4.9 %4.9 %
Commercial real estate construction—owner-occupied0.3 %0.3 %0.4 %0.4 %0.3 %
Total commercial56.5 %56.7 %56.6 %56.8 %56.6 %
Commercial investor real estate mortgage6.7 %6.8 %6.8 %6.7 %6.6 %
Commercial investor real estate construction2.6 %2.2 %2.3 %2.4 %2.4 %
Total investor real estate9.2 %9.0 %9.1 %9.1 %9.0 %
Total business65.7 %65.7 %65.7 %65.9 %65.6 %
Residential first mortgage20.9 %20.8 %20.8 %20.7 %20.9 %
Home equity—lines of credit 3.3 %3.3 %3.2 %3.2 %3.3 %
Home equity—closed-end 2.5 %2.5 %2.5 %2.5 %2.5 %
Consumer credit card1.4 %1.5 %1.4 %1.4 %1.4 %
Other consumer6.2 %6.3 %6.4 %6.3 %6.4 %
Total consumer34.3 %34.3 %34.3 %34.1 %34.4 %
Total Loans100.0 %100.0 %100.0 %100.0 %100.0 %
(1)Amounts have been calculated using whole dollar values, and therefore may not add to total amounts.

4
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Average Balances of Loans
 Average Balances
($ amounts in millions)1Q254Q243Q242Q241Q241Q25 vs. 4Q241Q25 vs. 1Q24
Commercial and industrial$49,209 $49,357 $49,847 $50,046 $50,090 $(148)(0.3)%$(881)(1.8)%
Commercial real estate mortgage—owner-occupied4,863 4,869 4,877 4,765 4,833 (6)(0.1)%30 0.6 %
Commercial real estate construction—owner-occupied317 343 335 350 298 (26)(7.6)%19 6.4 %
Total commercial54,389 54,569 55,059 55,161 55,221 (180)(0.3)%(832)(1.5)%
Commercial investor real estate mortgage6,484 6,491 6,495 6,610 6,558 (7)(0.1)%(74)(1.1)%
Commercial investor real estate construction2,267 2,165 2,264 2,229 2,275 102 4.7 %(8)(0.4)%
Total investor real estate8,751 8,656 8,759 8,839 8,833 95 1.1 %(82)(0.9)%
Total business 63,140 63,225 63,818 64,000 64,054 (85)(0.1)%(914)(1.4)%
Residential first mortgage20,037 20,107 20,147 20,191 20,188 (70)(0.3)%(151)(0.7)%
Home equity—lines of credit3,135 3,135 3,128 3,145 3,182 — — %(47)(1.5)%
Home equity—closed-end2,374 2,392 2,402 2,412 2,423 (18)(0.8)%(49)(2.0)%
Consumer credit card1,394 1,398 1,359 1,331 1,315 (4)(0.3)%79 6.0 %
Other consumer (1)
6,042 6,151 6,186 6,202 6,258 (109)(1.8)%(216)(3.5)%
Total consumer32,982 33,183 33,222 33,281 33,366 (201)(0.6)%(384)(1.2)%
Total Loans$96,122 $96,408 $97,040 $97,281 $97,420 $(286)(0.3)%$(1,298)(1.3)%
_____
(1) Starting in 2025, other consumer loans also includes exit portfolios, which consists primarily of indirect auto loans, and presentation of prior periods has been conformed accordingly.
5
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
End of Period Deposits
 As of
     3/31/20253/31/2025
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/2024 vs. 12/31/2024 vs. 3/31/2024
Non-interest-bearing deposits$40,443 $39,138 $39,698 $40,927 $41,824 $1,3053.3%$(1,381)(3.3)%
Interest-bearing checking25,281 25,079 23,704 23,631 24,668 2020.8%6132.5%
Savings12,466 12,022 12,085 12,386 12,786 4443.7%(320)(2.5)%
Money market—domestic37,289 35,644 35,205 34,438 34,251 1,6454.6%3,0388.9%
Time deposits15,492 15,720 15,684 15,234 15,453 (228)(1.5)%390.3%
Total Deposits$130,971 $127,603 $126,376 $126,616 $128,982 $3,3682.6%$1,9891.5%
 As of
   3/31/20253/31/2025
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/2024 vs. 12/31/2024 vs. 3/31/2024
Consumer Bank Segment$80,627 $78,637 $78,858 $80,126 $81,129 $1,9902.5%$(502)(0.6)%
Corporate Bank Segment39,696 38,361 36,955 36,529 37,043 1,3353.5%2,6537.2%
Wealth Management Segment7,798 7,736 7,520 7,383 7,792 620.8%60.1%
Other (1)
2,850 2,869 3,043 2,578 3,018 (19)(0.7)%(168)(5.6)%
Total Deposits$130,971 $127,603 $126,376 $126,616 $128,982 $3,3682.6%$1,9891.5%
 As of
    3/31/20253/31/2025
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/2024 vs. 12/31/2024 vs. 3/31/2024
Wealth Management - Private Wealth$6,931 $6,998 $6,676 $6,430 $6,664 $(67)(1.0)%$2674.0%
Wealth Management - Institutional Services867 738 844 953 1,128 12917.5%(261)(23.1)%
Total Wealth Management Segment Deposits$7,798 $7,736 $7,520 $7,383 $7,792 $620.8%$60.1%

As of
End of Period Deposits by Percentage3/31/202512/31/20249/30/20246/30/20243/31/2024
Non-interest-bearing deposits30.9 %30.7 %31.4 %32.3 %32.4 %
Interest-bearing checking19.3 %19.7 %18.8 %18.7 %19.1 %
Savings9.5 %9.4 %9.6 %9.8 %9.9 %
Money market—domestic28.5 %27.9 %27.9 %27.2 %26.6 %
Time deposits11.8 %12.3 %12.3 %12.0 %12.0 %
Total Deposits100.0 %100.0 %100.0 %100.0 %100.0 %
(1)Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, selected deposits and brokered time deposits) and additional wholesale funding arrangements. Other deposits includes brokered deposits totaling $2.2 billion at 3/31/2025, $2.2 billion at 12/31/2024, $2.3 billion at 9/30/2024, $1.8 billion at 6/30/2024 and $2.3 billion at 3/31/2024.










6
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Average Balances of Deposits
Average Balances
($ amounts in millions)1Q254Q243Q242Q241Q241Q25 vs. 4Q241Q25 vs. 1Q24
Non-interest-bearing deposits$39,053 $39,424 $39,690 $40,516 $40,926 $(371)(0.9)%$(1,873)(4.6)%
Interest-bearing checking25,033 24,060 23,599 24,026 24,682 973 4.0 %351 1.4 %
Savings12,177 12,020 12,183 12,536 12,594 157 1.3 %(417)(3.3)%
Money market—domestic 35,625 35,264 35,051 34,368 33,646 361 1.0 %1,979 5.9 %
Time deposits15,799 15,725 15,427 15,455 15,278 74 0.5 %521 3.4 %
Total Deposits$127,687 $126,493 $125,950 $126,901 $127,126 $1,194 0.9 %561 0.4 %
 Average Balances
($ amounts in millions)1Q254Q243Q242Q241Q241Q25 vs. 4Q241Q25 vs. 1Q24
Consumer Bank Segment$78,712 $78,476 $78,904 $79,809 $79,150 $236 0.3 %$(438)(0.6)%
Corporate Bank Segment38,312 37,426 36,867 36,669 37,064 886 2.4 %1,248 3.4 %
Wealth Management Segment7,600 7,492 7,374 7,534 7,766 108 1.4 %(166)(2.1)%
Other (1)
3,063 3,099 2,805 2,889 3,146 (36)(1.2)%(83)(2.6)%
Total Deposits$127,687 $126,493 $125,950 $126,901 $127,126 $1,194 0.9 %$561 0.4 %
 Average Balances
($ amounts in millions)1Q254Q243Q242Q241Q241Q25 vs. 4Q241Q25 vs. 1Q24
Wealth Management - Private Wealth$6,897 $6,700 $6,557 $6,577 $6,720 $197 2.9 %$177 2.6 %
Wealth Management - Institutional Services703 792 817 957 1,046 (89)(11.2)%(343)(32.8)%
Total Wealth Management Segment Deposits$7,600 $7,492 $7,374 $7,534 $7,766 $108 1.4 %$(166)(2.1)%
(1)Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, selected deposits and brokered time deposits) and additional wholesale funding arrangements.


7
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Consolidated Statements of Income
Quarter Ended
($ amounts in millions, except per share data)3/31/202512/31/20249/30/20246/30/20243/31/2024
Interest income on:
Loans, including fees $1,342 $1,416 $1,463 $1,432 $1,421 
Debt securities266 256 241 219 209 
Loans held for sale8 11 11 9 8 
Other earning assets 109 119 105 102 86 
Total interest income1,725 1,802 1,820 1,762 1,724 
Interest expense on:
Deposits442 467 507 502 495 
Short-term borrowings4 16 10 13 1 
Long-term borrowings85 89 85 61 44 
Total interest expense531 572 602 576 540 
Net interest income 1,194 1,230 1,218 1,186 1,184 
Provision for credit losses124 120 113 102 152 
Net interest income after provision for credit losses1,070 1,110 1,105 1,084 1,032 
Non-interest income:
Service charges on deposit accounts161 155 158 151 148 
Card and ATM fees117 113 118 120 116 
Wealth management income129 126 128 122 119 
Capital markets income80 97 92 68 91 
Mortgage income40 35 36 34 41 
Securities gains (losses), net(25)(30)(78)(50)(50)
Other88 89 118 100 98 
Total non-interest income590 585 572 545 563 
Non-interest expense:
Salaries and employee benefits625 617 645 609 658 
Equipment and software expense99 104 101 100 101 
Net occupancy expense70 67 69 68 74 
Other245 250 254 227 298 
Total non-interest expense1,039 1,038 1,069 1,004 1,131 
Income before income taxes621 657 608 625 464 
Income tax expense 131 123 118 124 96 
Net income $490 $534 $490 $501 $368 
Net income available to common shareholders$465 $508 $446 $477 $343 
Weighted-average shares outstanding—during quarter:
Basic906 911 914 917 921 
Diluted910 915 918 918 923 
Actual shares outstanding—end of quarter899 909 911 915 918 
Earnings per common share: (1)
Basic$0.51 $0.56 $0.49 $0.52 $0.37 
Diluted$0.51 $0.56 $0.49 $0.52 $0.37 
Taxable-equivalent net interest income$1,206 $1,243 $1,230 $1,198 $1,197 
________
(1) Quarterly amounts may not add to year-to-date amounts due to rounding.




8
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Consolidated Average Daily Balances and Yield/Rate Analysis
 Quarter Ended
 3/31/202512/31/2024
($ amounts in millions; yields on taxable-equivalent basis)Average BalanceIncome/ Expense
Yield/ Rate (1)
Average BalanceIncome/ Expense
Yield/ Rate (1)
Assets
Earning assets:
Federal funds sold and securities purchased under agreements to resell$1 $— 4.44 %$1 $— 4.82 %
Debt securities (2)(3)
32,280 266 3.30 32,553 256 3.16 
Loans held for sale441 8 7.27 766 11 5.63 
Loans, net of unearned income:
Commercial and industrial (4)
49,209 687 5.58 49,357 746 5.99 
Commercial real estate mortgage—owner-occupied (5)
4,863 59 4.87 4,869 61 4.90 
Commercial real estate construction—owner-occupied317 5 5.78 343 5 6.03 
Commercial investor real estate mortgage6,484 100 6.17 6,491 105 6.35 
Commercial investor real estate construction2,267 40 7.06 2,165 41 7.40 
Residential first mortgage20,037 198 3.96 20,107 199 3.95 
Home equity5,509 91 6.63 5,527 94 6.78 
Consumer credit card1,394 50 14.55 1,398 50 14.37 
Other consumer6,042 124 8.27 6,151 128 8.18 
Total loans, net of unearned income96,122 1,354 5.64 96,408 1,429 5.87 
Interest-bearing deposits in other banks8,537 94 4.45 7,978 98 4.84 
Other earning assets1,483 15 4.19 1,510 21 5.54 
Total earning assets 138,864 1,737 5.01 139,216 1,815 5.17 
Unrealized gains/(losses) on debt securities available for sale, net (2)
(1,716)(1,945)
Allowance for loan losses(1,625)(1,621)
Cash and due from banks2,957 2,826 
Other non-earning assets18,396 18,032 
$156,876 $156,508 
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings $12,177 4 0.13 $12,020 3 0.11 
Interest-bearing checking25,033 89 1.44 24,060 92 1.52 
Money market 35,625 204 2.32 35,264 217 2.45 
Time deposits15,799 145 3.73 15,725 155 3.92 
Total interest-bearing deposits (6)
88,634 442 2.02 87,069 467 2.13 
Federal funds purchased and securities sold under agreements to repurchase39 — 4.39 24 — 4.60 
Short-term borrowings339 4 4.57 1,207 16 4.93 
Long-term borrowings6,001 85 5.65 6,025 89 5.80 
Total interest-bearing liabilities95,013 531 2.27 94,325 572 2.41 
Non-interest-bearing deposits (6)
39,053 — — 39,424 — — 
Total funding sources134,066 531 1.60 133,749 572 1.70 
Net interest spread (2)
2.75 2.76 
Other liabilities4,652 4,672 
Shareholders’ equity18,127 18,042 
Noncontrolling interest31 45 
$156,876 $156,508 
Net interest income/margin FTE basis (2)
$1,206 3.52 %$1,243 3.55 %
_______
(1) Amounts have been calculated using whole dollar values and the prevailing interest accrual methodology.
(2) Debt securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.
(3) Interest income includes hedging income of $2 million for the quarter ended March 31, 2025 and zero for the quarter ended December 31, 2024.
(4) Interest income includes hedging expense of $60 million for the quarter ended March 31, 2025 and $69 million for the quarter ended December 31, 2024.
(5) Interest income includes hedging expense of $7 million for the quarter ended March 31, 2025 and $8 million for the quarter ended December 31, 2024.
(6) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest bearing deposits. The rates for total deposit costs equal 1.40% for the quarter ended March 31, 2025 and 1.47% for the quarter ended December 31, 2024.


9
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Consolidated Average Daily Balances and Yield/Rate Analysis (continued)
 Quarter Ended
 9/30/20246/30/20243/31/2024
($ amounts in millions; yields on taxable-equivalent basis)Average BalanceIncome/ Expense
Yield/ Rate (1)
Average BalanceIncome/ Expense
Yield/ Rate (1)
Average BalanceIncome/ Expense
Yield/ Rate (1)
Assets
Earning assets:
Federal funds sold and securities purchased under agreements to resell$1 $— 5.44 %$1 $— 5.44 %$1 $— 5.44 %
Debt securities (2)(3)
32,252 241 2.98 31,649 219 2.77 31,494 209 2.66 
Loans held for sale642 11 6.56 531 9 6.85 499 8 6.40 
Loans, net of unearned income:
Commercial and industrial (4)
49,847 773 6.14 50,046 756 6.04 50,090 750 5.99 
Commercial real estate mortgage—owner-occupied (5)
4,877 60 4.80 4,765 56 4.59 4,833 56 4.58 
Commercial real estate construction—owner-occupied335 6 6.29 350 6 6.52 298 4 5.79 
Commercial investor real estate mortgage6,495 119 7.16 6,610 119 7.11 6,558 117 7.05 
Commercial investor real estate construction2,264 46 7.94 2,229 45 7.96 2,275 46 7.97 
Residential first mortgage20,147 196 3.90 20,191 191 3.79 20,188 191 3.79 
Home equity5,530 96 6.96 5,557 95 6.87 5,605 95 6.77 
Consumer credit card1,359 51 14.82 1,331 48 14.62 1,315 50 15.21 
Other consumer6,186 128 8.27 6,202 128 8.30 6,258 125 8.04 
Total loans, net of unearned income 97,040 1,475 6.02 97,281 1,444 5.93 97,420 1,434 5.88 
Interest-bearing deposits in other banks6,682 92 5.52 6,158 86 5.65 4,754 68 5.69 
Other earning assets1,456 13 3.58 1,447 16 4.43 1,339 18 5.49 
Total earning assets
138,073 1,832 5.26 137,067 1,774 5.17 135,507 1,737 5.12 
Unrealized gains/(losses) on debt securities available for sale, net (2)
(2,213)(3,267)(3,042)
Allowance for loan losses(1,629)(1,619)(1,596)
Cash and due from banks2,822 2,678 2,581 
Other non-earning assets17,614 18,008 17,994 
$154,667 $152,867 $151,444 
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings $12,183 4 0.13 $12,536 4 0.13 $12,594 4 0.13 
Interest-bearing checking23,599 98 1.64 24,026 99 1.68 24,682 106 1.72 
Money market 35,051 247 2.80 34,368 239 2.79 33,646 227 2.72 
Time deposits15,427 158 4.09 15,455 160 4.16 15,278 158 4.16 
Total interest-bearing deposits (6)
86,260 507 2.34 86,385 502 2.34 86,200 495 2.31 
Federal funds purchased and securities sold under agreements to repurchase22 — 4.40 8 — 5.45 8 — 5.40 
Short-term borrowings641 10 5.42 962 13 5.49 77 1 5.56 
Long-term borrowings5,351 85 6.28 3,595 61 6.73 2,405 44 7.26 
Total interest-bearing liabilities 92,274 602 2.59 90,950 576 2.55 88,690 540 2.45 
Non-interest-bearing deposits (6)
39,690 — — 40,516 — — 40,926 — — 
Total funding sources131,964 602 1.81 131,466 576 1.76 129,616 540 1.67 
Net interest spread (2)
2.67 2.62 2.68 
Other liabilities4,623 4,655 4,663 
Shareholders’ equity18,047 16,713 17,121 
Noncontrolling interest33 33 44 
$154,667 $152,867 $151,444 
Net interest income/margin FTE basis (2)
$1,230 3.54 %$1,198 3.51 %$1,197 3.55 %
_______
(1) Amounts have been calculated using whole dollar values and the prevailing interest accrual methodology.
(2) Debt securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.
(3)    Interest income includes hedge income of $3 million for the quarter ended September 30, 2024, $2 million for the quarter ended June 30, 2024, and $2 million for the quarter ended March 31, 2024.
(4) Interest income includes hedging expense of $98 million for the quarter ended September 30, 2024, $103 million for the quarter ended June 30, 2024 and $104 million for the quarter ended March 31, 2024.
(5) Interest income includes hedging expense of $12 million for the quarter ended September 30, 2024, $13 million for the quarter ended June 30, 2024 and $13 million for the quarter ended March 31, 2024.
(6) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest bearing deposits. The rates for total deposit costs equal 1.60% for the quarter ended September 30, 2024, 1.59% for the quarter ended June 30, 2024 and 1.56% for the quarter ended March 31, 2024.



10
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Pre-Tax Pre-Provision Income ("PPI") and Adjusted PPI (non-GAAP)
The Pre-Tax Pre-Provision Income tables below present computations of pre-tax pre-provision income excluding certain adjustments (non-GAAP). Regions believes that the presentation of PPI and the exclusion of certain items from PPI provides a meaningful basis for period-to-period comparisons, which management believes will assist investors in analyzing the operating results of the Company and predicting future performance. These non-GAAP financial measures are also used by management to assess the performance of Regions’ business. It is possible that the activities related to the adjustments may recur; however, management does not consider the activities related to the adjustments to be indications of ongoing operations.
 Quarter Ended
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/20241Q25 vs. 4Q241Q25 vs. 1Q24
Net income available to common shareholders (GAAP)$465 $508 $446 $477 $343 $(43)(8.5)%$122 35.6 %
Preferred dividends and other (GAAP) (1)
25 26 44 24 25 (1)(3.8)%— — %
Income tax expense (GAAP)131 123 118 124 96 8 6.5 %35 36.5 %
Income before income taxes (GAAP)621 657 608 625 464 (36)(5.5)%157 33.8 %
Provision for credit losses (GAAP)124 120 113 102 152 4 3.3 %(28)(18.4)%
Pre-tax pre-provision income (non-GAAP)745 777 721 727 616 (32)(4.1)%129 20.9 %
Other adjustments:
Securities (gains) losses, net25 30 78 50 50 (5)(16.7)%(25)(50.0)%
FDIC insurance special assessment (2)
1 (2)(4)4 18 3 150.0 %(17)(94.4)%
Salaries and employee benefits—severance charges1 10 3 4 13 (9)(90.0)%(12)(92.3)%
Branch consolidation, property and equipment charges— 1 — 1 1 (1)(100.0)%(1)(100.0)%
Other miscellaneous expenses (3)
— — — (37)— — NM— NM
Professional, legal and regulatory expenses2 — 1 — 2 2 NM— — %
Total other adjustments29 39 78 22 84 (10)(25.6)%(55)(65.5)%
Adjusted pre-tax pre-provision income (non-GAAP)$774 $816 $799 $749 $700 $(42)(5.1)%$74 10.6 %
______
NM - Not meaningful
(1) The third quarter 2024 amount includes $15 million of deferred issuance costs recognized upon the redemption of Series B preferred stock.
(2) The fourth quarter 2024 and third quarter 2024 amounts reflect a reduction to the Company's FDIC special assessment accrual.
(3) In the second quarter of 2024, the Company had a contingent reserve release related to a previous acquisition.





11
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Non-Interest Income
 Quarter Ended
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/20241Q25 vs. 4Q241Q25 vs. 1Q24
Service charges on deposit accounts$161 $155 $158 $151 $148 $6 3.9 %$13 8.8 %
Card and ATM fees117 113 118 120 116 4 3.5 %1 0.9 %
Wealth management income129 126 128 122 119 3 2.4 %10 8.4 %
Capital markets income (1)
80 97 92 68 91 (17)(17.5)%(11)(12.1)%
Mortgage income40 35 36 34 41 5 14.3 %(1)(2.4)%
Commercial credit fee income 27 28 28 28 27 (1)(3.6)%— — %
Bank-owned life insurance23 21 28 30 23 2 9.5 %— — %
Market value adjustments on employee benefit assets (2)
(3)(5)13 2 15 2 40.0 %(18)(120.0)%
Securities gains (losses), net(25)(30)(78)(50)(50)5 16.7 %25 50.0 %
Other miscellaneous income41 45 49 40 33 (4)(8.9)%8 24.2 %
Total non-interest income$590 $585 $572 $545 $563 $5 0.9 %$27 4.8 %
Mortgage Income
Quarter Ended
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/20241Q25 vs. 4Q241Q25 vs. 1Q24
Production and sales$13 $14 $16 $16 $24 $(1)(7.1)%$(11)(45.8)%
Loan servicing47 48 53 46 44 (1)(2.1)%3 6.8 %
MSR and related hedge impact:
MSRs fair value increase (decrease) due to change in valuation inputs or assumptions(10)56 (28)13 19 (66)(117.9)%(29)(152.6)%
MSRs hedge gain (loss)18 (53)28 (10)(17)71 134.0 %35 205.9 %
MSRs change due to payment decay(28)(30)(33)(31)(29)2 6.7 %1 3.4 %
MSR and related hedge impact(20)(27)(33)(28)(27)7 25.9 %7 25.9 %
Total mortgage income$40 $35 $36 $34 $41 $5 14.3 %$(1)(2.4)%
Mortgage production - portfolio$355 $413 $468 $528 $354 $(58)(14.0)%$1 0.3 %
Mortgage production - agency/secondary market371 462 548 514 399 (91)(19.7)%(28)(7.0)%
Total mortgage production$726 $875 $1,016 $1,042 $753 $(149)(17.0)%$(27)(3.6)%
Mortgage production - purchased82.9 %82.3 %85.5 %90.7 %90.0 %
Mortgage production - refinanced17.1 %17.7 %14.5 %9.3 %10.0 %
 
Wealth Management Income
Quarter Ended
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/20241Q25 vs. 4Q241Q25 vs. 1Q24
Investment management and trust fee income$86 $89 $85 $83 $81 $(3)(3.4)%$5 6.2 %
Investment services fee income43 37 43 39 38 6 16.2 %5 13.2 %
Total wealth management income (3)
$129 $126 $128 $122 $119 $3 2.4 %$10 8.4 %
Capital Markets Income
Quarter Ended
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/20241Q25 vs. 4Q241Q25 vs. 1Q24
Capital markets income$80 $97 $92 $68 $91 $(17)(17.5)%$(11)(12.1)%
Less: Valuation adjustments on customer derivatives (4)
(1)(1)(1)(2)(2)— — %1 50.0 %
Capital markets income excluding valuation adjustments $81 $98 $93 $70 $93 $(17)(17.3)%$(12)(12.9)%
_________
NM - Not Meaningful
(1)Capital markets income primarily relates to capital raising activities that includes debt securities underwriting and placement, loan syndication and placement, as well as foreign exchange, derivative and merger and acquisition advisory services.
(2)These market value adjustments relate to assets held for employee and director benefits that are offset within salaries and employee benefits expense and other non-interest expense.
(3)Total wealth management income presented above does not include the portion of service charges on deposit accounts and similar smaller dollar amounts that are also attributable to the wealth management segment.
(4)For the purposes of determining the fair value of customer derivatives, the Company considers the risk of nonperformance by counterparties, as well as the Company's own risk of nonperformance. The valuation adjustments above are reflective of the values associated with these considerations.
12
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Non-Interest Expense
Quarter Ended
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/20241Q25 vs. 4Q241Q25 vs. 1Q24
Salaries and employee benefits$625 $617 $645 $609 $658 $8 1.3 %$(33)(5.0)%
Equipment and software expense99 104 101 100 101 (5)(4.8)%(2)(2.0)%
Net occupancy expense70 67 69 68 74 3 4.5 %(4)(5.4)%
Outside services40 42 41 40 39 (2)(4.8)%1 2.6 %
Marketing30 28 28 27 27 2 7.1 %3 11.1 %
Professional, legal and regulatory expenses 23 20 21 25 28 3 15.0 %(5)(17.9)%
Credit/checkcard expenses15 16 14 15 14 (1)(6.3)%1 7.1 %
FDIC insurance assessments (1)
20 20 17 29 43 — — %(23)(53.5)%
Visa class B shares expense7 6 17 5 4 1 16.7 %3 75.0 %
Operational losses (2)
13 16 19 18 42 (3)(18.8)%(29)(69.0)%
Branch consolidation, property and equipment charges — 1 — 1 1 (1)(100.0)%(1)(100.0)%
Other miscellaneous expenses97 101 97 67 100 (4)(4.0)%(3)(3.0)%
Total non-interest expense$1,039 $1,038 $1,069 $1,004 $1,131 $1 0.1 %$(92)(8.1)%
_________
NM - Not Meaningful
(1) Includes an FDIC special assessment expense of $1 million in the first quarter of 2025, accrual reductions of $2 million in the fourth quarter of 2024 and $4 million in the third quarter of 2024, and expenses of $4 million in the second quarter of 2024 and $18 million in the first quarter of 2024.
(2) The incremental increase in operational losses primarily due to check-related warranty claims totaled $22 million in the first quarter of 2024.
13
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures
Adjusted Efficiency Ratios, Adjusted Fee Income Ratios, Adjusted Non-Interest Income/Expense, Adjusted Operating Leverage Ratios, and Adjusted Total Revenue
The table below presents computations of the efficiency ratio, which is a measure of productivity, generally calculated as non-interest expense divided by total revenue; and the fee income ratio, generally calculated as non-interest income divided by total revenue. Management uses these ratios to monitor performance and believes these measures provide meaningful information to investors. Non-interest expense (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest expense (non-GAAP), which is the numerator for the adjusted efficiency ratio. Non-interest income (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest income (non-GAAP), which is the numerator for the adjusted fee income ratio. Net interest income and non-interest income are added together to arrive at total revenue. Adjustments are made to arrive at adjusted total revenue (non-GAAP). Net interest income on a taxable-equivalent basis and non-interest income are added together to arrive at total revenue on a taxable-equivalent basis. Adjustments are made to arrive at adjusted total revenue on a taxable-equivalent basis (non-GAAP), which is the denominator for the adjusted fee income and adjusted efficiency ratios. Also presented is a computation of the adjusted operating leverage ratio (non-GAAP), which is the period to period percentage change in adjusted total revenue on a taxable-equivalent basis (non-GAAP) less the percentage change in adjusted non-interest expense (non-GAAP).
 Quarter Ended
($ amounts in millions) 3/31/202512/31/20249/30/20246/30/20243/31/20241Q25 vs. 4Q241Q25 vs. 1Q24
Non-interest expense (GAAP)A$1,039 $1,038 $1,069 $1,004 $1,131 $1 0.1 %$(92)(8.1)%
Adjustments:
FDIC insurance special assessment (1)
(1)2 4 (4)(18)(3)(150.0)%17 94.4 %
Branch consolidation, property and equipment charges — (1)— (1)(1)1 100.0 %1 100.0 %
Salaries and employee benefits—severance charges(1)(10)(3)(4)(13)9 90.0 %12 92.3 %
Professional, legal and regulatory expenses(2)— (1)— (2)(2)NM— — %
Other miscellaneous expenses (2)
— — — 37 — — NM— NM
Adjusted non-interest expense (non-GAAP)B$1,035 $1,029 $1,069 $1,032 $1,097 $6 0.6 %$(62)(5.7)%
Net interest income (GAAP)C$1,194 $1,230 $1,218 $1,186 $1,184 $(36)(2.9)%$10 0.8 %
Taxable-equivalent adjustment12 13 12 12 13 (1)(7.7)%(1)(7.7)%
Net interest income, taxable-equivalent basisD$1,206 $1,243 $1,230 $1,198 $1,197 $(37)(3.0)%$9 0.8 %
Non-interest income (GAAP)E$590 $585 $572 $545 $563 $5 0.9 %$27 4.8 %
Adjustments:
Securities (gains) losses, net25 30 78 50 50 (5)(16.7)%(25)(50.0)%
Adjusted non-interest income (non-GAAP)F$615 $615 $650 $595 $613 $— — %$2 0.3 %
Total revenueC+E=G$1,784 $1,815 $1,790 $1,731 $1,747 $(31)(1.7)%$37 2.1 %
Adjusted total revenue (non-GAAP)C+F=H$1,809 $1,845 $1,868 $1,781 $1,797 $(36)(2.0)%$12 0.7 %
Total revenue, taxable-equivalent basisD+E=I$1,796 $1,828 $1,802 $1,743 $1,760 $(32)(1.8)%$36 2.0 %
Adjusted total revenue, taxable-equivalent basis (non-GAAP)D+F=J$1,821 $1,858 $1,880 $1,793 $1,810 $(37)(2.0)%$11 0.6 %
Operating leverage ratio (GAAP) (3)
I-A(1.8)%10.2 %
Adjusted operating leverage ratio (non-GAAP) (3)
J-B(2.5)%6.3 %
Efficiency ratio (GAAP) (3)
A/I57.9 %56.8 %59.3 %57.6 %64.3 %
Adjusted efficiency ratio (non-GAAP) (3)
B/J56.8 %55.4 %56.9 %57.6 %60.6 %
Fee income ratio (GAAP) (3)
E/I32.9 %32.0 %31.7 %31.3 %32.0 %
Adjusted fee income ratio (non-GAAP) (3)
F/J33.8 %33.1 %34.6 %33.2 %33.9 %
________
NM - Not Meaningful
(1) The fourth quarter 2024 and third quarter 2024 amounts reflect a reduction to the Company's FDIC special assessment accrual.
(2) In the second quarter of 2024, the Company had a contingent reserve release related to a previous acquisition.
(3) Amounts have been calculated using whole dollar values.






14
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures
Adjusted Net Income Available to Common Shareholders, Adjusted Diluted EPS, and Return Ratios
The table below provides a reconciliation of net income available to common shareholders (GAAP) to adjusted net income available to common shareholders (non-GAAP), a computation of adjusted diluted EPS (non-GAAP), and calculations of “average tangible common shareholders’ equity” (non-GAAP) and related ratios. Net income available to common shareholders (GAAP) is presented excluding certain adjustments, net of tax, to arrive at adjusted net income available to common shareholders (non-GAAP), which is the numerator for adjusted diluted EPS (non-GAAP). Management uses these ratios to monitor performance and believes these measures provide meaningful information to investors. Average tangible common shareholders’ equity ratios have become a focus of some investors and management believes they may assist investors in analyzing the capital position of the Company absent the effects of intangible assets and preferred stock. Analysts and banking regulators have assessed Regions’ capital adequacy using the average tangible common shareholders’ equity measure. Because average tangible common shareholders’ equity is not formally defined by GAAP or prescribed in any amount by federal banking regulations it is currently considered to be a non-GAAP financial measure and other entities may calculate it differently than Regions’ disclosed calculations. In calculating return on average tangible common shareholders' equity ratios, Regions makes adjustments to shareholders' equity including average intangible assets and related deferred taxes, and average preferred stock. Regions also presents an adjusted tangible common shareholder ratio using adjusted net income (non-GAAP) as the numerator. Management uses these metrics to monitor performance and believes these measures provide meaningful information to investors.

Quarter Ended
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/20241Q25 vs. 4Q241Q25 vs. 1Q24
Net income available to common shareholders (GAAP)A$465 $508 $446 $477 $343 $(43)(8.5)%$122 35.6 %
Adjustments:
Securities (gains) losses, net25 30 78 50 50 (5)(16.7)%(25)(50.0)%
FDIC insurance special assessment1 (2)(4)4 18 3 150.0 %(17)(94.4)%
Salaries and employee benefits—severance charges1 10 3 4 13 (9)(90.0)%(12)(92.3)%
Branch consolidation, property and equipment charges— 1 — 1 1 (1)(100.0)%(1)(100.0)%
Other miscellaneous expenses (1)
— — — (37)— — NM— NM
Professional, legal and regulatory expenses2 — 1 — 2 2 NM— — %
Preferred stock redemption expense (2)
— — 15 — — — NM— NM
Total adjustments29 39 93 22 84 $(10)(25.6)%$(55)(65.5)%
Tax impact of adjusted items (3)
(7)(9)(19)(11)(21)2 22.2 %14 66.7 %
Adjusted net income available to common shareholders (non-GAAP)B$487 $538 $520 $488 $406 $(51)(9.5)%$81 20.0 %
Weighted-average diluted sharesC910 915 918 918 923 
Diluted EPS (GAAP) (4)
A/C$0.51 $0.56 $0.49 $0.52 $0.37 $(0.05)(8.9)%$0.14 37.8 %
Adjusted diluted EPS (non-GAAP) (4)
B/C$0.54 $0.59 $0.57 $0.53 $0.44 $(0.05)(8.5)%$0.10 22.7 %
Average shareholders' equity (GAAP)18,127 18,042 18,047 16,713 17,121 85 0.5 %1,006 5.9 %
Less: Average preferred stock (GAAP)1,715 1,715 1,741 1,659 1,659 — — %56 3.4 %
Average common shareholders' equity (GAAP)D16,412 16,327 16,306 15,054 15,462 85 0.5 %950 6.1 %
Less:
  Average intangible assets (GAAP)5,899 5,907 5,916 5,925 5,934 (8)(0.1)%(35)(0.6)%
  Average deferred tax liability related to intangibles (GAAP)(126)(123)(120)(115)(113)(3)2.4 %(13)11.5 %
Average tangible common shareholders' equity (non-GAAP)E$10,639 $10,543 $10,510 $9,244 $9,641 96 0.9 %998 10.4 %
Return on average common shareholders' equity (GAAP) (4)*
A/D11.49 %12.39 %10.88 %12.74 %8.92 %
Return on average tangible common shareholders' equity (non-GAAP) (4)*
A/E17.72 %19.19 %16.87 %20.75 %14.31 %
Adjusted return on average tangible common shareholders' equity (non-GAAP) (4)*
B/E18.58 %20.30 %19.68 %21.23 %16.96 %
_______
*Annualized
(1) A portion of this item was non-taxable.
(2) In the third quarter of 2024, the Company redeemed its Series B preferred stock and the initial issuance costs reduced net income to common shareholders when the shares were redeemed. This is a non-taxable expense.
(3) Unless separately noted, the tax impact for adjustments has been calculated at using a nominal tax rate of 25 percent.
(4) Amounts calculated based upon whole dollar values.
15
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures
Tangible Common Ratios
The following table provides a reconciliation of shareholders’ equity (GAAP) to tangible common shareholders’ equity (non-GAAP) and the calculations of the end of period “tangible common shareholders’ equity to tangible assets” and "tangible common book value per share" ratios (non-GAAP). Since analysts and banking regulators may assess Regions’ capital adequacy using tangible common shareholders' equity, management believes that it is useful to provide investors the ability to assess Regions’ capital adequacy on this same basis.
As of and for Quarter Ended
($ amounts in millions, except per share data)3/31/202512/31/20249/30/20246/30/20243/31/2024
TANGIBLE COMMON RATIOS
Shareholders’ equity (GAAP)A$18,530 $17,879 $18,676 $17,169 $17,044 
Less: Preferred stock (GAAP)1,715 1,715 1,715 1,659 1,659 
Common shareholders' equity (GAAP)B16,815 16,164 16,961 15,510 15,385 
Less:
Intangible assets (GAAP)5,894 5,902 5,911 5,920 5,929 
Deferred tax liability related to intangibles (GAAP)(126)(126)(122)(119)(114)
Tangible common shareholders’ equity (non-GAAP)C$11,047 $10,388 $11,172 $9,709 $9,570 
Total assets (GAAP)D$159,846 $157,302 $157,426 $154,052 $154,909 
Less:
Intangible assets (GAAP)5,894 5,902 5,911 5,920 5,929 
Deferred tax liability related to intangibles (GAAP)(126)(126)(122)(119)(114)
Tangible assets (non-GAAP)E$154,078 $151,526 $151,637 $148,251 $149,094 
Shares outstanding—end of quarterF899 909 911 915 918 
Total equity to total assets (GAAP) (1)
A/D11.59 %11.37 %11.86 %11.14 %11.00 %
Tangible common shareholders’ equity to tangible assets (non-GAAP) (1)
C/E7.17 %6.86 %7.37 %6.55 %6.42 %
Common book value per share (GAAP) (1)
B/F$18.70 $17.77 $18.62 $16.94 $16.76 
Tangible common book value per share (non-GAAP) (1)
C/F$12.29 $11.42 $12.26 $10.61 $10.42 
____
(1)Amounts have been calculated using whole dollar values.

Common equity Tier 1 (CET1) Ratios

The following table presents CET1 and adjusted CET1 (non-GAAP). CET1 is a capital adequacy measure established by federal banking regulators under the Basel III framework. Banking institutions that meet requirements under the regulations are required to maintain certain minimum capital requirements, including a minimum CET1 ratio. This measure is utilized by analysts and banking regulators to assess Regions’ capital adequacy. Under the framework, Regions elected to remove certain of the effects of AOCI in the calculation of CET1. Adjustments to the calculation prescribed in federal banking regulations are considered to be non-GAAP financial measures. Adjustments to CET1 include certain portions of AOCI to arrive at CET1 inclusive of AOCI (non-GAAP), which is a potential impact under recent proposed rulemaking standards. Since analysts and banking regulators may assess Regions’ capital adequacy using proposed rulemaking standards, management believes that it is useful to provide investors the ability to assess Regions’ capital adequacy on this same basis.

Quarter-Ended
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/2024
ADJUSTED CET1 RATIO
Common equity Tier 1 (1)
A$13,355$13,434 $13,185 $13,093 $12,913 
Adjustments:
AOCI gain (loss) on securities (2)
(1,645)(2,024)(1,369)(2,298)(2,264)
AOCI gain (loss) on defined benefit pension plans and other post employment benefits(406)(410)(437)(443)(447)
Adjusted common equity Tier 1 (non-GAAP)B$11,304 $11,000 $11,379 $10,352 $10,202 
Total risk-weighted assets (1)
C$124,005$124,440 $124,645 $125,682 $125,167 
Common equity Tier 1 ratio (1)(3)
A/C10.8 %10.8 %10.6 %10.4 %10.3 %
Adjusted common equity Tier 1 ratio (non-GAAP) (1)(3)
B/C9.1 %8.8 %9.1 %8.2 %8.2 %
____
(1)Current quarter Common equity Tier 1 as well as Total risk-weighted assets are estimated.
(2)Represents AOCI gain (loss) on both AFS and HTM securities.
(3)Amounts have been calculated using whole dollar values.

16
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Asset Quality
As of and for Quarter Ended
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/2024
Components:
Beginning allowance for loan losses (ALL)$1,613 $1,607 $1,621 $1,617 $1,576 
Loans charged-off:
Commercial and industrial57 65 70 60 62 
Commercial real estate mortgage—owner-occupied2 2 1 1 — 
Total commercial59 67 71 61 62 
Commercial investor real estate mortgage22 25 12 — 5 
Total investor real estate22 25 12 — 5 
Residential first mortgage— 1 — — 1 
Home equity—lines of credit— — 1 1 1 
Consumer credit card17 16 16 15 16 
Other consumer47 45 43 46 56 
Total consumer64 62 60 62 74 
Total145 154 143 123 141 
Recoveries of loans previously charged-off:
Commercial and industrial11 26 15 8 8 
Commercial real estate mortgage—owner-occupied— 1 — 1 — 
Commercial real estate construction—owner-occupied1 — — 1 — 
Total commercial12 27 15 10 8 
Commercial investor real estate mortgage— 1 — 1 1 
Total investor real estate— 1 — 1 1 
Residential first mortgage— — 1 1 1 
Home equity—lines of credit— 1 1 2 2 
Consumer credit card3 2 3 1 2 
Other consumer7 4 6 7 6 
Total consumer10 7 11 11 11 
Total22 35 26 22 20 
Net charge-offs (recoveries):
Commercial and industrial46 39 55 52 54 
Commercial real estate mortgage—owner-occupied2 1 1 — — 
Commercial real estate construction—owner-occupied(1)— — (1)— 
Total commercial47 40 56 51 54 
Commercial investor real estate mortgage22 24 12 (1)4 
Total investor real estate22 24 12 (1)4 
Residential first mortgage— 1 (1)(1)— 
Home equity—lines of credit— (1)— (1)(1)
Consumer credit card14 14 13 14 14 
Other consumer40 41 37 39 50 
Total consumer54 55 49 51 63 
Total123 119 117 101 121 
Provision for loan losses123 125 103 105 162 
Ending allowance for loan losses (ALL)1,613 1,613 1,607 1,621 1,617 
Beginning reserve for unfunded credit commitments116 121 111 114 124 
Provision for (benefit from) unfunded credit losses1 (5)10 (3)(10)
Ending reserve for unfunded commitments117 116 121 111 114 
Allowance for credit losses (ACL) at period end$1,730 $1,729 $1,728 $1,732 $1,731 
17
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Asset Quality (continued)
As of and for Quarter Ended
($ amounts in millions)3/31/202512/31/20249/30/20246/30/20243/31/2024
Net loan charge-offs as a % of average loans, annualized (1):
Commercial and industrial0.38 %0.31 %0.44 %0.42 %0.43 %
Commercial real estate mortgage—owner-occupied0.14 %0.10 %0.09 %(0.03)%0.02 %
Commercial real estate construction—owner-occupied(0.84)%(0.01)%(0.01)%(0.65)%(0.01)%
Total commercial0.35 %0.29 %0.41 %0.37 %0.40 %
Commercial investor real estate mortgage1.38 %1.49 %0.71 %(0.01)%0.21 %
Commercial investor real estate construction— %— %(0.01)%— %— %
Total investor real estate1.02 %1.12 %0.52 %— %0.15 %
Residential first mortgage— %— %(0.01)%(0.01)%(0.01)%
Home equity—lines of credit(0.04)%(0.01)%(0.08)%(0.13)%(0.10)%
Home equity—closed-end(0.01)%(0.03)%(0.01)%(0.02)%(0.02)%
Consumer credit card4.18 %3.94 %3.84 %4.00 %4.39 %
Other consumer2.68 %2.66 %2.37 %2.55 %3.20 %
Total consumer0.66 %0.66 %0.58 %0.61 %0.76 %
Total0.52 %0.49 %0.48 %0.42 %0.50 %
Non-performing loans, excluding loans held for sale$843 $928 $821 $847 $906 
Non-performing loans held for sale26 — 7 — 3 
Non-performing loans, including loans held for sale869 928 828 847 909 
Foreclosed properties15 14 17 15 13 
Non-performing assets (NPAs)$884 $942 $845 $862 $922 
Loans past due > 90 days (2)
$178 $166 $183 $167 $147 
Criticized loans—business (3)
$4,918 $4,716 $4,692 $4,863 $4,978 
Credit Ratios (1):
ACL/Loans, net1.81 %1.79 %1.79 %1.78 %1.79 %
Allowance for credit losses to non-performing loans, excluding loans held for sale205 %186 %210 %204 %191 %
Non-performing loans, excluding loans held for sale/Loans, net0.88 %0.96 %0.85 %0.87 %0.94 %
NPAs (ex. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale0.92 %0.97 %0.87 %0.88 %0.95 %
NPAs (inc. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale (2)
1.11 %1.15 %1.06 %1.06 %1.10 %
(1)Amounts have been calculated using whole dollar values.
(2)Excludes guaranteed residential first mortgages that are 90+ days past due and still accruing. Refer to the footnotes on page 19 for amounts related to these loans.
(3)Business represents the combined total of commercial and investor real estate loans.




18
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Non-Performing Loans (excludes loans held for sale)
 As of
($ amounts in millions, %'s calculated using whole dollar values)3/31/202512/31/20249/30/20246/30/20243/31/2024
Commercial and industrial$418 0.85 %$408 0.82 %$430 0.87 %$423 0.84 %$556 1.12 %
Commercial real estate mortgage—owner-occupied40 0.83 %37 0.76 %43 0.88 %43 0.90 %40 0.83 %
Commercial real estate construction—owner-occupied1 0.41 %5 1.43 %6 1.75 %9 2.34 %10 3.42 %
Total commercial459 0.85 %450 0.82 %479 0.87 %475 0.86 %606 1.11 %
Commercial investor real estate mortgage327 5.14 %423 6.45 %287 4.38 %317 4.85 %241 3.76 %
Total investor real estate327 3.71 %423 4.86 %287 3.26 %317 3.58 %241 2.75 %
Residential first mortgage25 0.12 %23 0.12 %23 0.11 %22 0.11 %22 0.11 %
Home equity—lines of credit26 0.82 %26 0.81 %26 0.85 %27 0.88 %31 0.97 %
Home equity—closed-end6 0.27 %6 0.25 %6 0.24 %6 0.23 %6 0.24 %
Total consumer57 0.17 %55 0.17 %55 0.17 %55 0.17 %59 0.18 %
Total non-performing loans$843 0.88 %$928 0.96 %$821 0.85 %$847 0.87 %$906 0.94 %

Early and Late Stage Delinquencies
Accruing 30-89 Days Past Due Loans
As of
($ amounts in millions, %'s calculated using whole dollar values)3/31/202512/31/20249/30/20246/30/20243/31/2024
Commercial and industrial $68 0.14 %$69 0.14 %$82 0.16 %$56 0.11 %$55 0.11 %
Commercial real estate mortgage—owner-occupied3 0.07 %5 0.12 %4 0.09 %4 0.09 %8 0.17 %
Commercial real estate construction—owner-occupied— — %— — %— 0.10 %— — %1 0.18 %
Total commercial71 0.13 %74 0.14 %86 0.16 %60 0.11 %64 0.12 %
Commercial investor real estate mortgage20 0.31 %— — %45 0.70 %10 0.16 %— — %
Total investor real estate20 0.23 %— — %45 0.52 %10 0.12 %— — %
Residential first mortgage—non-guaranteed (1)
119 0.61 %155 0.79 %115 0.58 %109 0.55 %105 0.53 %
Home equity—lines of credit23 0.72 %24 0.76 %24 0.77 %23 0.75 %28 0.89 %
Home equity—closed-end 13 0.56 %17 0.68 %12 0.50 %13 0.51 %13 0.54 %
Consumer credit card19 1.37 %20 1.39 %19 1.36 %18 1.34 %18 1.35 %
Other consumer68 1.15 %77 1.26 %68 1.09 %67 1.08 %72 1.15 %
Total consumer (1)
242 0.75 %293 0.89 %238 0.72 %230 0.84 %236 0.84 %
Total accruing 30-89 days past due loans (1)
$333 0.35 %$367 0.38 %$369 0.38 %$300 0.31 %$300 0.31 %
Accruing 90+ Days Past Due LoansAs of
($ amounts in millions, %'s calculated using whole dollar values)3/31/202512/31/20249/30/20246/30/20243/31/2024
Commercial and industrial$22 0.05 %$7 0.01 %$3 0.01 %$6 0.01 %$7 0.01 %
Commercial real estate mortgage—owner-occupied1 0.01 %1 0.02 %1 0.02 %1 0.03 %— 0.01 %
Total commercial23 0.04 %8 0.01 %4 0.01 %7 0.01 %7 0.01 %
Commercial investor real estate mortgage— — %— — %40 0.60 %23 0.35 %— — %
Total investor real estate— — %— — %40 0.45 %23 0.26 %— — %
Residential first mortgage—non-guaranteed (2)
93 0.47 %88 0.45 %75 0.38 %73 0.37 %69 0.35 %
Home equity—lines of credit13 0.42 %16 0.52 %16 0.52 %18 0.56 %19 0.60 %
Home equity—closed-end 6 0.26 %7 0.30 %7 0.27 %6 0.26 %7 0.29 %
Consumer credit card21 1.49 %20 1.41 %19 1.40 %18 1.36 %19 1.42 %
Other consumer23 0.38 %27 0.44 %22 0.36 %21 0.34 %26 0.42 %
Total consumer (2)
156 0.48 %158 0.48 %139 0.43 %136 0.53 %140 0.55 %
Total accruing 90+ days past due loans (2)
$179 0.19 %$166 0.17 %$183 0.19 %$166 0.17 %$147 0.15 %
Total delinquencies (1) (2)
$512 0.54 %$533 0.55 %$552 0.57 %$466 0.48 %$447 0.46 %
(1)Excludes loans that are 100% guaranteed by FHA and guaranteed loans sold to Ginnie Mae where Regions has the right but not the obligation to repurchase. Total 30-89 days past due guaranteed loans excluded were $52 million at 3/31/2025, $62 million at 12/31/2024, $52 million at 9/30/2024, $50 million at 6/30/2024, and $45 million at 3/31/2024.
(2)Excludes loans that are 100% guaranteed by FHA and all guaranteed loans sold to Ginnie Mae where Regions has the right but not the obligation to repurchase. Total 90 days or more past due guaranteed loans excluded were $53 million at 3/31/2025, $55 million at 12/31/2024, $46 million at 9/30/2024, $40 million at 6/30/2024, and $44 million at 3/31/2024.
19
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
Forward-Looking Statements
This release and the accompanying earnings call may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. In addition, the company, through its senior management, may from time to time make forward-looking public statements concerning the matters described herein. The words “future,” “anticipates,” “assumes,” “intends,” “plans,” “seeks,” “believes,” “predicts,” “potential,” “objectives,” “estimates,” “expects,” “targets,” “projects,” “outlook,” “forecast,” “would,” “will,” “may,” “might,” “could,” “should,” “can,” and similar terms and expressions often signify forward-looking statements. Forward-looking statements are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond our control. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results or other developments. Forward-looking statements are based on management’s current expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. Those statements are based on general assumptions and are subject to various risks, and because they also relate to the future they are likewise subject to inherent uncertainties and other factors that may cause actual results to differ materially from the views, beliefs and projections expressed in such statements. Therefore, we caution you against relying on any of these forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, those described below:
•Current and future economic and market conditions in the United States generally or in the communities we serve (in particular the Southeastern United States), including the effects of possible declines in property values, increases in interest rates and unemployment rates, inflation, financial market disruptions and potential reductions of economic growth, which may adversely affect our lending and other businesses and our financial results and conditions.
•Possible changes in trade, monetary and fiscal policies of, and other activities undertaken by, governments, agencies, central banks and similar organizations, including tariffs, which could have a material adverse effect on our businesses and our financial results and conditions.
•Changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets (such as our portfolio of investment securities) and obligations, as well as the availability and cost of capital and liquidity.
•Volatility and uncertainty about the direction of interest rates and the timing of any changes, which may lead to increased costs for businesses and consumers and potentially contribute to poor business and economic conditions generally.
•Possible changes in the creditworthiness of customers and the possible impairment of the collectability of loans and leases, including operating leases.
•Changes in the speed of loan prepayments, loan origination and sale volumes, charge-offs, credit loss provisions or actual credit losses where our allowance for credit losses may not be adequate to cover our eventual losses.
•Possible acceleration of prepayments on mortgage-backed securities due to declining interest rates, and the related acceleration of premium amortization on those securities.
•Possible changes in consumer and business spending and saving habits and the related effect on our ability to increase assets and to attract deposits, which could adversely affect our net income.
•Loss of customer checking and savings account deposits as customers pursue other, higher-yield investments, or the need to price interest-bearing deposits higher due to competitive forces. Either of these activities could increase our funding costs.
•Possible downgrades in our credit ratings or outlook could, among other negative impacts, increase the costs of funding from capital markets.
•The loss of value of our investment portfolio could negatively impact market perceptions of us.
•Our ability to manage fluctuations in the value of assets and liabilities and off-balance sheet exposure so as to maintain sufficient capital and liquidity to support our businesses.
•The effects of social media on market perceptions of us and banks generally.
•The effects of problems encountered by other financial institutions that adversely affect us or the banking industry generally could require us to change certain business practices, reduce our revenue, impose additional costs on us, or otherwise negatively affect our businesses.
•Volatility in the financial services industry (including failures or rumors of failures of other depository institutions), along with actions taken by governmental agencies to address such turmoil, could affect the ability of depository institutions, including us, to attract and retain depositors and to borrow or raise capital.
•Our ability to effectively compete with other traditional and non-traditional financial services companies, including fintechs, some of which possess greater financial resources than we do or are subject to different regulatory standards than we are.
•Our inability to develop and gain acceptance from current and prospective customers for new products and services and the enhancement of existing products and services to meet customers’ needs and respond to emerging technological trends in a timely manner could have a negative impact on our revenue.
•Our inability to keep pace with technological changes, including those related to the offering of digital banking and financial services, could result in losing business to competitors.
•The development and use of AI presents risks and challenges that may impact our business.
•Our ability to execute on our strategic and operational plans, including our ability to fully realize the financial and nonfinancial benefits relating to our strategic initiatives.
•The risks and uncertainties related to our acquisition or divestiture of businesses and risks related to such acquisitions, including that the expected synergies, cost savings and other financial or other benefits may not be realized within expected timeframes, or might be less than projected; and difficulties in integrating acquired businesses.
•The success of our marketing efforts in attracting and retaining customers.
•Our ability to achieve our expense management initiatives.
•Changes in commodity market prices and conditions could adversely affect the cash flows of our borrowers operating in industries that are impacted by changes in commodity prices (including businesses indirectly impacted by commodities prices such as businesses that transport commodities or manufacture equipment used in the production of commodities), which could impair the ability of those borrowers to service any loans outstanding to them and/or reduce demand for loans in those industries.
•The effects of geopolitical instability, including wars, conflicts, civil unrest, and terrorist attacks and the potential impact, directly or indirectly, on our businesses.
•Fraud, theft or other misconduct conducted by external parties, including our customers and business partners, or by our employees.
•Any inaccurate or incomplete information provided to us by our customers or counterparties.
•Inability of our framework to manage risks associated with our businesses, such as credit risk and operational risk, including third-party vendors and other service providers, which inability could, among other things, result in a breach of operating or security systems as a result of a cyber-attack or similar act or failure to deliver our services effectively.
•Our ability to identify and address operational risks associated with the introduction of or changes to products, services, or delivery platforms.
•Dependence on key suppliers or vendors to obtain equipment and other supplies for our businesses on acceptable terms.
•The inability of our internal controls and procedures to prevent, detect or mitigate any material errors or fraudulent acts.
•Our ability to identify and address cyber-security risks such as data security breaches, malware, ransomware, “denial of service” attacks, “hacking” and identity theft, including account take-overs, a failure of which could disrupt our businesses and result in the disclosure of and/or misuse or misappropriation of confidential or proprietary information, disruption or damage to our systems, increased costs, losses, or adverse effects to our reputation.
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Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2025 Earnings Release
•The effects of the failure of any component of our business infrastructure provided by a third party could disrupt our businesses, result in the disclosure of and/or misuse of confidential information or proprietary information, increase our costs, negatively affect our reputation, and cause losses.
•The effects of any developments, changes or actions relating to any litigation or regulatory proceedings brought against us or any of our subsidiaries.
•The costs, including possibly incurring fines, penalties, or other negative effects (including reputational harm) of any adverse judicial, administrative, or arbitral rulings or proceedings, regulatory enforcement actions or other legal actions to which we or any of our subsidiaries are a party, and which may adversely affect our results.
•Changes in laws and regulations affecting our businesses, including legislation and regulations relating to bank products and services, such as changes to debit card interchange fees, special FDIC assessments, any new long-term debt requirements, as well as changes in the enforcement and interpretation of such laws and regulations by applicable governmental and self-regulatory agencies, including as a result of the changes in U.S. presidential administration, control of the U.S. Congress, and changes in personnel at the bank regulatory agencies, which could require us to change certain business practices, increase compliance risk, reduce our revenue, impose additional costs on us, or otherwise negatively affect our businesses.
•Our capital actions, including dividend payments, common stock repurchases, or redemptions of preferred stock, must not cause us to fall below minimum capital ratio requirements, with applicable buffers taken into account, and must comply with other requirements and restrictions under law or imposed by our regulators, which may impact our ability to return capital to shareholders.
•Our ability to comply with stress testing and capital planning requirements (as part of the CCAR process or otherwise) may continue to require a significant investment of our managerial resources due to the importance of such tests and requirements.
•Our ability to comply with applicable capital and liquidity requirements (including, among other things, the Basel III Rules), including our ability to generate capital internally or raise capital on favorable terms, and if we fail to meet requirements, our financial condition and market perceptions of us could be negatively impacted.
•Our ability to recruit and retain talented and experienced personnel to assist in the development, management and operation of our products and services may be affected by changes in laws and regulations in effect from time to time.
•Our ability to receive dividends from our subsidiaries, in particular Regions Bank, could affect our liquidity and ability to pay dividends to shareholders.
•Fluctuations in the price of our common stock and inability to complete stock repurchases in the time frame and/or on the terms anticipated.
•The effects of anti-takeover laws and exclusive forum provision in our certificate of incorporation and bylaws.
•The effect of new tax legislation and/or interpretation of existing tax law, which may impact our earnings, capital ratios and our ability to return capital to shareholders.
•Changes in accounting policies or procedures as may be required by the FASB or other regulatory agencies could materially affect our financial statements and how we report those results, and expectations and preliminary analyses relating to how such changes will affect our financial results could prove incorrect.
•Any impairment of our goodwill or other intangibles, any repricing of assets or any adjustment of valuation allowances on our deferred tax assets due to changes in tax law, adverse changes in the economic environment declining operations of the reporting unit or other factors.
•The effects of man-made and natural disasters, including fires, floods, droughts, tornadoes, hurricanes and environmental damage (especially in the Southeastern United States), which may negatively affect our operations and/or our loan portfolios and increase our cost of conducting business. The severity and frequency of future earthquakes, fires, hurricanes, tornadoes, droughts, floods and other weather-related events are difficult to predict and may be exacerbated by global climate change.
•The impact of pandemics on our businesses, operations and financial results and conditions. The duration and severity of any pandemic as well as government actions or other restrictions in connection with such events could disrupt the global economy, adversely affect our capital and liquidity position, impair the ability of borrowers to repay outstanding loans and increase our allowance for credit losses, impair collateral values and result in lost revenue or additional expenses.
•The effects of any damage to our reputation resulting from developments related to any of the items identified above.
•Other risks identified from time to time in reports that we file with the SEC.

The foregoing list of factors is not exhaustive. For discussion of these and other factors that may cause actual results to differ from expectations, look under the captions “Forward-Looking Statements” and “Risk Factors” in Regions’ Annual Report on Form 10-K for the year ended December 31, 2024 and in Regions’ subsequent filings with the SEC.
You should not place undue reliance on any forward-looking statements, which speak only as of the date made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible to predict all of them. We assume no obligation and do not intend to update or revise any forward-looking statements that are made from time to time, either as a result of future developments, new information or otherwise, except as may be required by law.
Regions’ Investor Relations contact is Dana Nolan at (205) 264-7040; Regions’ Media contact is Jeremy King at (205) 264-4551.

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