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Regulatory Capital Requirements and Restrictions | 12 Months Ended
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Dec. 31, 2022
Banking and Thrift, Other Disclosure [Abstract] |
Regulatory Capital Requirements and Restrictions | NOTE 12. REGULATORY CAPITAL REQUIREMENTS AND RESTRICTIONS Regions and Regions Bank are required to comply with regulatory capital requirements established by Federal and State banking agencies. These regulatory capital requirements involve quantitative measures of the Company’s assets, liabilities and selected off-balance sheet items, and also qualitative judgments by the regulators. Failure to meet minimum capital requirements can subject the Company to a series of increasingly restrictive regulatory actions. Under the Basel III Rules, Regions is designated as a standardized approach bank. Regions is a "Category IV" institution under the FRB's rules for tailoring enhanced prudential standards. Banking regulations identify five capital categories: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized. At December 31, 2022 and 2021, Regions and Regions Bank exceeded all current regulatory requirements, and were classified as "well-capitalized." Management believes that no events or changes have occurred subsequent to December 31, 2022 that would change this designation. Quantitative measures established by regulation to ensure capital adequacy require institutions to maintain minimum ratios of common equity Tier 1, Tier 1, and Total capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital to average tangible assets (the "Leverage" ratio). Federal banking agencies allowed a phase-in of the impact of CECL on regulatory capital. At December 31, 2021, the add-back to regulatory capital was calculated as the impact of initial adoption, adjusted for 25 percent of subsequent changes in the allowance. The amount is phased-in over a three-year period beginning in 2022. At December 31, 2022, the net impact of the add-back on CET1 was approximately $306 million, or approximately 24 basis points. The add-back amounts will decrease by approximately $100 million each year, or approximately 8 basis points, in the first quarters of 2023, 2024, and 2025. Regions participates in supervisory stress testing conducted by the Federal Reserve and its SCB is currently floored at 2.5 percent. See Note 14 "Shareholders' Equity and Accumulated Other Comprehensive Income (Loss)" to the consolidated financial statements for further details regarding CCAR results. The following tables summarize the applicable holding company and bank regulatory capital requirements:
| December 31, 2022 (1) |  |  | Minimum Requirement |  | Minimum Requirement plus SCB (2) |  | To Be Well Capitalized
| Amount |  | Ratio |  |
| (Dollars in millions)
Common equity Tier 1 capital: |  |  |  |  |  |  |  |  |  |
Regions Financial Corporation | $ | 12,066 |  |  | 9.60 | % |  |  | 4.50 | % |  | 7.00 | % |  | N/A
Regions Bank | 13,509 |  |  | 10.77 |  |  |  | 4.50 |  |  | 7.00 |  |  | 6.50 | %
Tier 1 capital: |  |  |  |  |  |  |  |  |  |
Regions Financial Corporation | $ | 13,725 |  |  | 10.91 | % |  |  | 6.00 | % |  | 8.50 | % |  | 6.00 | %
Regions Bank | 13,509 |  |  | 10.77 |  |  |  | 6.00 |  |  | 8.50 |  |  | 8.00 |
Total capital: |  |  |  |  |  |  |  |  |  |
Regions Financial Corporation | $ | 15,767 |  |  | 12.54 | % |  |  | 8.00 | % |  | 10.50 | % |  | 10.00 | %
Regions Bank | 15,172 |  |  | 12.10 |  |  |  | 8.00 |  |  | 10.50 |  |  | 10.00 |
Leverage capital: |  |  |  |  |  |  |  |  |  |
Regions Financial Corporation | $ | 13,725 |  |  | 8.90 | % |  |  | 4.00 | % |  | 4.00 | % |  | N/A
Regions Bank | 13,509 |  |  | 8.80 |  |  |  | 4.00 |  |  | 4.00 |  |  | 5.00 | %
| December 31, 2021 |  | Minimum Requirement |  | Minimum Requirement plus SCB (2) |  | To Be Well Capitalized
| Amount |  | Ratio |  |
| (Dollars in millions)
Common equity Tier 1 capital: |  |  |  |  |  |  |  |  |
Regions Financial Corporation | $ | 10,844 |  |  | 9.57 | % |  | 4.50 | % |  | 7.00 | % |  | N/A
Regions Bank | 12,478 |  |  | 11.05 |  |  | 4.50 |  |  | 7.00 |  |  | 6.50 | %
Tier 1 capital: |  |  |  |  |  |  |  |  |
Regions Financial Corporation | $ | 12,503 |  |  | 11.03 | % |  | 6.00 | % |  | 8.50 | % |  | 6.00 | %
Regions Bank | 12,478 |  |  | 11.05 |  |  | 6.00 |  |  | 8.50 |  |  | 8.00 |
Total capital: |  |  |  |  |  |  |  |  |
Regions Financial Corporation | $ | 14,441 |  |  | 12.74 | % |  | 8.00 | % |  | 10.50 | % |  | 10.00 | %
Regions Bank | 13,985 |  |  | 12.38 |  |  | 8.00 |  |  | 10.50 |  |  | 10.00 |
Leverage capital: |  |  |  |  |  |  |  |  |
Regions Financial Corporation | $ | 12,503 |  |  | 8.08 | % |  | 4.00 | % |  | 4.00 | % |  | N/A
Regions Bank | 12,478 |  |  | 8.09 |  |  | 4.00 |  |  | 4.00 |  |  | 5.00 | %
_________ (1)The 2022 Basel III CET1 capital, Tier 1 capital, Total capital, and Leverage capital ratios are estimated. (2)Reflects Regions' SCB of 2.50%. SCB does not apply to leverage capital ratios. Substantially all net assets are owned by subsidiaries. The primary source of operating cash available to Regions is provided by dividends from subsidiaries. Statutory limits are placed on the amount of dividends the subsidiary bank can pay without prior regulatory approval. In addition, regulatory authorities require the maintenance of minimum capital-to-asset ratios at banking subsidiaries. Under the Federal Reserve’s Regulation H, Regions Bank may not, without approval of the Federal Reserve, declare or pay a dividend to Regions if the total of all dividends declared in a calendar year exceeds the total of (a) Regions Bank’s net income for that year and (b) its retained net income for the preceding two calendar years, less any required transfers to additional paid-in capital or to a fund for the retirement of preferred stock. Under Alabama law, Regions Bank may not pay a dividend to Regions in excess of 90 percent of its net earnings until the bank’s surplus is equal to at least 20 percent of capital. Regions Bank is also required by Alabama law to seek the approval of the Alabama Superintendent of Banking prior to paying a dividend to Regions if the total of all dividends declared by Regions Bank in any calendar year will exceed the total of (a) Regions Bank’s net earnings for that year, plus (b) its retained net earnings for the preceding two years, less any required transfers to surplus. The statute defines net earnings as “the remainder of all earnings from current operations plus actual recoveries on loans and investments and other assets, after deducting from the total thereof all current operating expenses, actual losses, accrued dividends on preferred stock, if any, and all federal, state and local taxes.” In addition to dividend restrictions, Federal statutes also prohibit unsecured loans from banking subsidiaries to the parent company. In addition, Regions must adhere to various HUD regulatory guidelines including required minimum capital to maintain their HUD approved status. Failure to comply with the HUD guidelines could result in withdrawal of this certification. As of December 31, 2022, Regions was in compliance with HUD guidelines. Regions is also subject to various capital requirements by secondary market investors.

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- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826 + Details
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