Exhibit 99.2

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Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited)
First Quarter 2024





Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 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, Return Ratios, and Tangible Common Ratios
Credit 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 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 2024 Earnings Release
Financial Highlights
Quarter Ended
($ amounts in millions, except per share data)3/31/202412/31/20239/30/20236/30/20233/31/2023
Earnings Summary
Interest income - taxable equivalent$1,737 $1,764 $1,779 $1,751 $1,654 
Interest expense - taxable equivalent540 520 475 358 224 
Net interest income - taxable equivalent1,197 1,244 1,304 1,393 1,430 
Less: Taxable-equivalent adjustment13 13 13 12 13 
Net interest income 1,184 1,231 1,291 1,381 1,417 
Provision for credit losses152 155 145 118 135 
Net interest income after provision for credit losses1,032 1,076 1,146 1,263 1,282 
Non-interest income563 580 566 576 534 
Non-interest expense1,131 1,185 1,093 1,111 1,027 
Income before income taxes464 471 619 728 789 
Income tax expense96 80 129 147 177 
Net income$368 $391 $490 $581 $612 
Net income available to common shareholders$343 $367 $465 $556 $588 
Weighted-average shares outstanding—during quarter:
Basic921 931 939 939 935 
Diluted923 931 940 939 942 
Earnings per common share - basic$0.37 $0.39 $0.49 $0.59 $0.63 
Earnings per common share - diluted$0.37 $0.39 $0.49 $0.59 $0.62 
Balance Sheet Summary
At quarter-end
Loans, net of unearned income$96,862 $98,379 $98,942 $99,191 $98,057 
Allowance for credit losses(1,731 )(1,700 )(1,677 )(1,633 )(1,596 )
Assets154,909 152,194 153,624 155,656 154,135 
Deposits128,982 127,788 126,199 126,959 128,460 
Long-term borrowings3,327 2,330 4,290 4,293 2,307 
Shareholders' equity17,044 17,429 16,100 16,639 16,883 
Average balances
Loans, net of unearned income$97,420 $98,293 $98,785 $98,581 $97,277 
Assets151,444 151,738 153,484 153,774 153,082 
Deposits127,126 126,414 125,220 125,539 129,042 
Long-term borrowings2,405 3,627 4,295 3,517 2,286 
Shareholders' equity17,121 16,274 16,468 16,892 16,457 



1
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Selected Ratios and Other Information
As of and for Quarter Ended
 3/31/202412/31/20239/30/20236/30/20233/31/2023
Return on average assets* (1)
0.98 %1.02 %1.26 %1.52 %1.62 %
Return on average common shareholders' equity*8.92 %9.95 %12.45 %14.65 %16.10 %
Return on average tangible common shareholders’ equity (non-GAAP)* (2)
14.31 %16.57 %20.58 %23.82 %26.70 %
Return on average tangible common shareholders’ equity excluding AOCI (non-GAAP)* (2)
10.81 %11.45 %14.58 %18.14 %19.85 %
Efficiency ratio64.3 %65.0 %58.5 %56.4 %52.3 %
Adjusted efficiency ratio (non-GAAP) (2)
60.6 %56.9 %58.2 %56.4 %52.2 %
Dividend payout ratio (3)
64.2 %60.5 %48.5 %33.7 %31.8 %
Common book value per share$16.76 $17.07 $15.38 $15.95 $16.29 
Tangible common book value per share (non-GAAP) (2)
$10.42 $10.77 $9.16 $9.72 $10.01 
Total shareholders' equity to total assets11.00 %11.45 %10.48 %10.69 %10.95 %
Tangible common shareholders’ equity to tangible assets (non-GAAP) (2)
6.42 %6.79 %5.82 %6.09 %6.31 %
Common equity (4)
$12,912$12,976 $13,056 $12,786 $12,420 
Total risk-weighted assets (4)
$125,271$126,475 $126,900 $126,947 $125,747 
Common equity Tier 1 ratio (4)
10.3 %10.3 %10.3 %10.1 %9.9 %
Tier 1 capital ratio (4)
11.6 %11.6 %11.6 %11.4 %11.2 %
Total risk-based capital ratio (4)
13.6 %13.4 %13.4 %13.1 %12.9 %
Leverage ratio (4)
9.8 %9.7 %9.7 %9.5 %9.3 %
Effective tax rate 20.7 %17.0 %20.9 %20.2 %22.4 %
Allowance for credit losses as a percentage of loans, net of unearned income1.79 %1.73 %1.70 %1.65 %1.63 %
Allowance for credit losses to non-performing loans, excluding loans held for sale 191 %211 %261 %332 %288 %
Net interest margin (FTE)* 3.55 %3.60 %3.73 %4.04 %4.22 %
Loans, net of unearned income, to total deposits75.1 %77.0 %78.4 %78.1 %76.3 %
Net charge-offs as a percentage of average loans*0.50 %0.54 %0.40 %0.33 %0.35 %
Adjusted net charge-offs as a percentage of average loans (non-GAAP) * (2)
0.50 %0.39 %0.40 %0.33 %0.35 %
Non-performing loans, excluding loans held for sale, as a percentage of loans0.94 %0.82 %0.65 %0.50 %0.56 %
Non-performing assets (excluding loans 90 days past due) as a percentage of loans, foreclosed properties, and non-performing loans held for sale0.95 %0.84 %0.67 %0.51 %0.58 %
Non-performing assets (including loans 90 days past due) as a percentage of loans, foreclosed properties, and non-performing loans held for sale (5)
1.10 %1.01 %0.81 %0.64 %0.71 %
Associate headcount—full-time equivalent 19,641 20,101 20,257 20,349 20,113 
ATMs 2,019 2,023 2,022 2,025 2,034 
Branch Statistics
Full service1,236 1,242 1,243 1,245 1,251 
Drive-through/transaction service only27 29 29 31 34 
Total branch outlets1,263 1,271 1,272 1,276 1,285 
*Annualized
(1)Calculated by dividing net income by average assets.
(2)See reconciliation of GAAP to non-GAAP Financial Measures that begin on pages 11, 14, 15 and 16.
(3)Dividend payout ratio reflects dividends declared within the applicable period.
(4)Current quarter Common equity as well as Total risk-weighted assets, Common equity Tier 1, 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 18 for amounts related to these loans.

2
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Consolidated Balance Sheets
As of
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/2023
Assets:
Cash and due from banks$2,527 $2,635 $1,554 $2,480 $2,395 
Interest-bearing deposits in other banks8,723 4,166 7,462 7,406 6,438 
Debt securities held to maturity743 754 763 777 790 
Debt securities available for sale27,881 28,104 26,228 27,296 28,230 
Loans held for sale417 400 459 554 564 
Loans, net of unearned income 96,862 98,379 98,942 99,191 98,057 
Allowance for loan losses
(1,617)(1,576)(1,547)(1,513)(1,472)
Net loans95,245 96,803 97,395 97,678 96,585 
Other earning assets1,478 1,417 1,552 1,563 1,335 
Premises and equipment, net1,635 1,642 1,616 1,622 1,705 
Interest receivable588 614 625 575 538 
Goodwill5,733 5,733 5,733 5,733 5,733 
Residential mortgage servicing rights at fair value (MSRs)1,026 906 932 801 790 
Other identifiable intangible assets, net196 205 216 226 238 
Other assets8,717 8,815 9,089 8,945 8,794 
Total assets$154,909 $152,194 $153,624 $155,656 $154,135 
Liabilities and Equity:
Deposits:
Non-interest-bearing$41,824 $42,368 $44,640 $46,898 $49,647 
Interest-bearing87,158 85,420 81,559 80,061 78,813 
Total deposits128,982 127,788 126,199 126,959 128,460 
Borrowed funds:
Short-term borrowings1,000 — 2,000 3,000 2,000 
Long-term borrowings3,327 2,330 4,290 4,293 2,307 
Other liabilities4,522 4,583 5,010 4,743 4,466 
Total liabilities137,831 134,701 137,499 138,995 137,233 
Equity:
Preferred stock, non-cumulative perpetual1,659 1,659 1,659 1,659 1,659 
Common stock10 10 10 10 10 
Additional paid-in capital11,666 11,757 11,996 11,979 11,996 
Retained earnings8,304 8,186 8,042 7,802 7,433 
Treasury stock, at cost(1,371)(1,371)(1,371)(1,371)(1,371)
Accumulated other comprehensive income (loss), net(3,224)(2,812)(4,236)(3,440)(2,844)
Total shareholders’ equity17,044 17,429 16,100 16,639 16,883 
Noncontrolling interest
34 64 25 22 19 
Total equity
17,078 17,493 16,125 16,661 16,902 
Total liabilities and equity$154,909 $152,194 $153,624 $155,656 $154,135 







3
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
End of Period Loans
As of
    3/31/20243/31/2024
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/2023 vs. 12/31/2023 vs. 3/31/2023
Commercial and industrial$49,701 $50,865 $51,604 $52,300 $51,811 $(1,164)(2.3)%$(2,110)(4.1)%
Commercial real estate mortgage—owner-occupied4,788 4,887 4,833 4,797 4,938 (99)(2.0)%(150)(3.0)%
Commercial real estate construction—owner-occupied306 281 270 292 306 25 8.9 %— NM
Total commercial54,795 56,033 56,707 57,389 57,055 (1,238)(2.2)%(2,260)(4.0)%
Commercial investor real estate mortgage 6,422 6,605 6,436 6,500 6,392 (183)(2.8)%30 0.5 %
Commercial investor real estate construction2,341 2,245 2,301 2,132 2,040 96 4.3 %301 14.8 %
Total investor real estate8,763 8,850 8,737 8,632 8,432 (87)(1.0)%331 3.9 %
Total business63,558 64,883 65,444 66,021 65,487 (1,325)(2.0)%(1,929)(2.9)%
Residential first mortgage20,199 20,207 20,059 19,755 19,172 (8)— %1,027 5.4 %
Home equity—lines of credit (1)
3,155 3,221 3,240 3,313 3,397 (66)(2.0)%(242)(7.1)%
Home equity—closed-end (2)
2,415 2,439 2,428 2,425 2,446 (24)(1.0)%(31)(1.3)%
Consumer credit card1,314 1,341 1,261 1,231 1,219 (27)(2.0)%95 7.8 %
Other consumer—exit portfolios (3)
28 43 356 416 488 (15)(34.9)%(460)(94.3)%
Other consumer6,193 6,245 6,154 6,030 5,848 (52)(0.8)%345 5.9 %
Total consumer33,304 33,496 33,498 33,170 32,570 (192)(0.6)%734 2.3 %
Total Loans$96,862 $98,379 $98,942 $99,191 $98,057 $(1,517)(1.5)%$(1,195)(1.2)%
______
NM - Not meaningful.
(1)     The balance of Regions' home equity lines of credit consists of $1,532 million of first lien and $1,623 million of second lien at 3/31/2024.
(2)    The balance of Regions' closed-end home equity loans consists of $2,014 million of first lien and $401 million of second lien at 3/31/2024.
(3)    Subsequent to the GreenSky loan sale in the fourth quarter of 2023, the exit portfolio consists primarily of indirect auto loans.

As of
End of Period Loans by Percentage(1)
3/31/202412/31/20239/30/20236/30/20233/31/2023
Commercial and industrial51.3 %51.7 %52.2 %52.7 %52.8 %
Commercial real estate mortgage—owner-occupied4.9 %5.0 %5.0 %4.9 %5.0 %
Commercial real estate construction—owner-occupied0.3 %0.3 %0.3 %0.3 %0.3 %
Total commercial56.6 %57.0 %57.5 %57.9 %58.1 %
Commercial investor real estate mortgage6.6 %6.7 %6.5 %6.6 %6.5 %
Commercial investor real estate construction2.4 %2.3 %2.3 %2.1 %2.1 %
Total investor real estate9.0 %9.0 %8.8 %8.7 %8.6 %
Total business65.6 %66.0 %66.3 %66.6 %66.7 %
Residential first mortgage20.9 %20.5 %20.3 %19.9 %19.6 %
Home equity—lines of credit 3.3 %3.3 %3.3 %3.3 %3.5 %
Home equity—closed-end 2.5 %2.5 %2.5 %2.4 %2.5 %
Consumer credit card1.4 %1.4 %1.3 %1.2 %1.2 %
Other consumer—exit portfolios— %— %0.4 %0.4 %0.5 %
Other consumer6.4 %6.3 %5.9 %6.2 %6.0 %
Total consumer34.4 %34.0 %33.7 %33.4 %33.3 %
Total Loans100.0 %100.0 %100.0 %100.0 %100.0 %
(1)Amounts have been calculated using whole dollar values.

4
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Average Balances of Loans
 Average Balances
($ amounts in millions)1Q244Q233Q232Q231Q231Q24 vs. 4Q231Q24 vs. 1Q23
Commercial and industrial$50,090 $50,939 $51,721 $52,039 $51,158 $(849)(1.7)%$(1,068)(2.1)%
Commercial real estate mortgage—owner-occupied4,833 4,864 4,824 4,905 5,013 (31)(0.6)%(180)(3.6)%
Commercial real estate construction—owner-occupied298 272 276 292 292 26 9.6 %6 2.1 %
Total commercial55,221 56,075 56,821 57,236 56,463 (854)(1.5)%(1,242)(2.2)%
Commercial investor real estate mortgage6,558 6,574 6,333 6,459 6,444 (16)(0.2)%114 1.8 %
Commercial investor real estate construction2,275 2,198 2,284 2,023 1,960 77 3.5 %315 16.1 %
Total investor real estate8,833 8,772 8,617 8,482 8,404 61 0.7 %429 5.1 %
Total business 64,054 64,847 65,438 65,718 64,867 (793)(1.2)%(813)(1.3)%
Residential first mortgage20,188 20,132 19,914 19,427 18,957 56 0.3 %1,231 6.5 %
Home equity—lines of credit3,182 3,231 3,270 3,354 3,460 (49)(1.5)%(278)(8.0)%
Home equity—closed-end2,423 2,432 2,418 2,431 2,461 (9)(0.4)%(38)(1.5)%
Consumer credit card1,315 1,295 1,245 1,217 1,214 20 1.5 %101 8.3 %
Other consumer—exit portfolios (1)
35 110 384 450 527 (75)(68.2)%(492)(93.4)%
Other consumer6,223 6,246 6,116 5,984 5,791 (23)(0.4)%432 7.5 %
Total consumer33,366 33,446 33,347 32,863 32,410 (80)(0.2)%956 2.9 %
Total Loans$97,420 $98,293 $98,785 $98,581 $97,277 $(873)(0.9)%$143 0.1 %
______
(1)     Subsequent to the GreenSky loan sale in the fourth quarter of 2023, the exit portfolio consists primarily of indirect auto loans.
5
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
End of Period Deposits
 As of
     3/31/20243/31/2024
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/2023 vs. 12/31/2023 vs. 3/31/2023
Interest-free deposits$41,824 $42,368 $44,640 $46,898 $49,647 $(544)(1.3)%$(7,823)(15.8)%
Interest-bearing checking24,668 24,480 22,428 22,892 24,066 1880.8%6022.5%
Savings12,786 12,604 13,292 14,217 15,286 1821.4%(2,500)(16.4)%
Money market—domestic34,251 33,364 32,646 32,230 31,688 8872.7%2,5638.1%
Time deposits15,453 14,972 13,193 10,722 7,773 4813.2%7,68098.8%
Total Deposits$128,982 $127,788 $126,199 $126,959 $128,460 $1,1940.9%$5220.4%
 As of
   3/31/20243/31/2024
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/2023 vs. 12/31/2023 vs. 3/31/2023
Consumer Bank Segment$81,129 $80,031 $80,980 $81,554 $83,296 $1,0981.4%$(2,167)(2.6)%
Corporate Bank Segment37,043 36,883 34,650 35,332 35,185 1600.4%1,8585.3%
Wealth Management Segment7,792 7,694 7,791 7,176 7,941 981.3%(149)(1.9)%
Other (1)(2)
3,018 3,180 2,778 2,897 2,038 (162)(5.1)%98048.1%
Total Deposits$128,982 $127,788 $126,199 $126,959 $128,460 $1,1940.9%$5220.4%
 As of
    3/31/20243/31/2024
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/2023 vs. 12/31/2023 vs. 3/31/2023
Wealth Management - Private Wealth$6,664 $6,719 $6,706 $6,552 $7,238 $(55)(0.8)%$(574)(7.9)%
Wealth Management - Institutional Services1,128 975 1,085 624 703 15315.7%42560.5%
Total Wealth Management Segment Deposits$7,792 $7,694 $7,791 $7,176 $7,941 $981.3%$(149)(1.9)%

As of
End of Period Deposits by Percentage3/31/202412/31/20239/30/20236/30/20233/31/2023
Interest-free deposits32.4 %33.2 %35.4 %36.9 %38.6 %
Interest-bearing checking19.1 %19.2 %17.8 %18.0 %18.7 %
Savings9.9 %9.9 %10.5 %11.2 %11.9 %
Money market—domestic26.6 %26.1 %25.9 %25.4 %24.7 %
Time deposits12.0 %11.6 %10.4 %8.5 %6.1 %
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, Eurodollar trade deposits, selected deposits and brokered time deposits) and included additional wholesale funding arrangements in the second quarter of 2023.
(2)Includes brokered deposits totaling $2.3 billion at 3/31/2024, $2.4 billion at 12/31/2023, $1.9 billion at 9/30/2023, $2.0 billion at 6/30/2023 and $1.1 billion at 3/31/2023.










6
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Average Balances of Deposits
Average Balances
($ amounts in millions)1Q244Q233Q232Q231Q231Q24 vs. 4Q231Q24 vs. 1Q23
Interest-free deposits$40,926 $43,167 $44,748 $47,178 $49,592 $(2,241)(5.2)%$(8,666)(17.5)%
Interest-bearing checking24,682 23,128 22,499 22,979 24,697 1,554 6.7 %(15)(0.1)%
Savings12,594 12,858 13,715 14,701 15,418 (264)(2.1)%(2,824)(18.3)%
Money market—domestic 33,646 33,216 32,146 31,567 32,522 430 1.3 %1,124 3.5 %
Time deposits15,278 14,045 12,112 9,114 6,813 1,233 8.8 %8,465 124.2 %
Total Deposits$127,126 $126,414 $125,220 $125,539 $129,042 $712 0.6 %(1,916)(1.5)%
 Average Balances
($ amounts in millions)1Q244Q233Q232Q231Q231Q24 vs. 4Q231Q24 vs. 1Q23
Consumer Bank Segment$79,150 $79,384 $80,036 $80,999 $82,200 $(234)(0.3)%$(3,050)(3.7)%
Corporate Bank Segment37,064 36,291 34,924 34,860 36,273 773 2.1 %791 2.2 %
Wealth Management Segment7,766 7,690 7,451 7,470 8,463 76 1.0 %(697)(8.2)%
Other (1)
3,146 3,049 2,809 2,210 2,106 97 3.2 %1,040 49.4 %
Total Deposits$127,126 $126,414 $125,220 $125,539 $129,042 $712 0.6 %$(1,916)(1.5)%
 Average Balances
($ amounts in millions)1Q244Q233Q232Q231Q231Q24 vs. 4Q231Q24 vs. 1Q23
Wealth Management - Private Wealth$6,720 $6,677 $6,701 $6,855 $7,785 $43 0.6 %$(1,065)(13.7)%
Wealth Management - Institutional Services1,046 1,013 750 615 678 33 3.3 %368 54.3 %
Total Wealth Management Segment Deposits$7,766 $7,690 $7,451 $7,470 $8,463 $76 1.0 %$(697)(8.2)%
________
(1)Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, Eurodollar trade deposits, selected deposits and brokered time deposits) and included additional wholesale funding arrangements in the second quarter of 2023.



7
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Consolidated Statements of Income
Quarter Ended
($ amounts in millions, except per share data)3/31/202412/31/20239/30/20236/30/20233/31/2023
Interest income on:
Loans, including fees $1,421 $1,457 $1,462 $1,454 $1,360 
Debt securities209 192 185 185 187 
Loans held for sale8 9 14 10 7 
Other earning assets 86 93 105 90 87 
Total interest income1,724 1,751 1,766 1,739 1,641 
Interest expense on:
Deposits495 449 367 260 179 
Short-term borrowings1 10 39 42 5 
Long-term borrowings44 61 69 56 40 
Total interest expense540 520 475 358 224 
Net interest income 1,184 1,231 1,291 1,381 1,417 
Provision for credit losses152 155 145 118 135 
Net interest income after provision for credit losses1,032 1,076 1,146 1,263 1,282 
Non-interest income:
Service charges on deposit accounts148 143 142 152 155 
Card and ATM fees116 127 126 130 121 
Wealth management income119 117 112 110 112 
Capital markets income91 48 64 68 42 
Mortgage income41 31 28 26 24 
Securities gains (losses), net(50)(2)(1)— (2)
Other98 116 95 90 82 
Total non-interest income563 580 566 576 534 
Non-interest expense:
Salaries and employee benefits658 608 589 603 616 
Equipment and software expense101 102 107 101 102 
Net occupancy expense74 71 72 73 73 
Other298 404 325 334 236 
Total non-interest expense1,131 1,185 1,093 1,111 1,027 
Income before income taxes464 471 619 728 789 
Income tax expense 96 80 129 147 177 
Net income $368 $391 $490 $581 $612 
Net income available to common shareholders$343 $367 $465 $556 $588 
Weighted-average shares outstanding—during quarter:
Basic921 931 939 939 935 
Diluted923 931 940 939 942 
Actual shares outstanding—end of quarter918 924 939 939 935 
Earnings per common share: (1)
Basic$0.37 $0.39 $0.49 $0.59 $0.63 
Diluted$0.37 $0.39 $0.49 $0.59 $0.62 
Taxable-equivalent net interest income$1,197 $1,244 $1,304 $1,393 $1,430 
________
(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 2024 Earnings Release
Consolidated Average Daily Balances and Yield/Rate Analysis
 Quarter Ended
 3/31/202412/31/2023
($ 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 $— 5.44 %$1 $— 5.44 %
Debt securities (2)(3)
31,494 209 2.66 31,144 192 2.47 
Loans held for sale499 8 6.40 459 9 8.15 
Loans, net of unearned income:
Commercial and industrial (4)
50,090 750 5.99 50,939 784 6.08 
Commercial real estate mortgage—owner-occupied (5)
4,833 56 4.58 4,864 58 4.68 
Commercial real estate construction—owner-occupied298 4 5.79 272 4 5.77 
Commercial investor real estate mortgage6,558 117 7.05 6,574 119 7.09 
Commercial investor real estate construction2,275 46 7.97 2,198 45 7.97 
Residential first mortgage20,188 191 3.79 20,132 187 3.72 
Home equity5,605 95 6.77 5,663 96 6.82 
Consumer credit card1,315 50 15.21 1,295 50 15.29 
Other consumer—exit portfolios35 — 1.67 110 1 1.09 
Other consumer6,223 125 8.08 6,246 126 7.95 
Total loans, net of unearned income97,420 1,434 5.88 98,293 1,470 5.92 
Interest-bearing deposits in other banks4,754 68 5.69 5,753 80 5.56 
Other earning assets1,339 18 5.49 1,336 13 3.66 
Total earning assets 135,507 1,737 5.12 136,986 1,764 5.10 
Unrealized gains/(losses) on debt securities available for sale, net (2)
(3,042)(3,788)
Allowance for loan losses(1,596)(1,540)
Cash and due from banks2,581 2,242 
Other non-earning assets17,994 17,838 
$151,444 $151,738 
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings $12,594 4 0.13 $12,858 3 0.11 
Interest-bearing checking24,682 106 1.72 23,128 91 1.56 
Money market 33,646 227 2.72 33,216 215 2.57 
Time deposits15,278 158 4.16 14,045 140 3.95 
Total interest-bearing deposits (6)
86,200 495 2.31 83,247 449 2.14 
Federal funds purchased and securities sold under agreements to repurchase8 — 5.40 27 1 5.51 
Short-term borrowings77 1 5.56 652 9 5.58 
Long-term borrowings2,405 44 7.26 3,627 61 6.57 
Total interest-bearing liabilities88,690 540 2.45 87,553 520 2.36 
Non-interest-bearing deposits (6)
40,926 — — 43,167 — — 
Total funding sources129,616 540 1.67 130,720 520 1.58 
Net interest spread (2)
2.68 2.75 
Other liabilities4,663 4,717 
Shareholders’ equity17,121 16,274 
Noncontrolling interest44 27 
$151,444 $151,738 
Net interest income/margin FTE basis (2)
$1,197 3.55 %$1,244 3.60 %
_______
(1) Amounts have been calculated using whole dollar values.
(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, 2024 and hedging expense of $1 million for the quarter ended December 31, 2023.
(4) Interest income includes hedging expense of $104 million for the quarter ended March 31, 2024 and $95 million for the quarter ended December 31, 2023.
(5) Interest income includes hedging expense of $13 million for the quarter ended March 31, 2024 and $12 million for the quarter ended December 31, 2023.
(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 1.56% for the quarter ended March 31, 2024 and 1.41% for the quarter ended December 31, 2023.


9
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Consolidated Average Daily Balances and Yield/Rate Analysis (continued)
 Quarter Ended
 9/30/20236/30/20233/31/2023
($ 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 $— 5.32 %$1 $— 5.02 %$— $— — %
Debt securities (2)
31,106 185 2.38 31,588 185 2.35 32,044 187 2.33 
Loans held for sale910 14 5.99 539 10 7.11 389 7 7.23 
Loans, net of unearned income:
Commercial and industrial (3)
51,721 804 6.14 52,039 820 6.29 51,158 763 6.02 
Commercial real estate mortgage—owner-occupied (4)
4,824 58 4.72 4,905 64 5.13 5,013 61 4.88 
Commercial real estate construction—owner-occupied276 4 5.74 292 4 5.73 292 4 5.26 
Commercial investor real estate mortgage6,333 113 6.95 6,459 110 6.74 6,444 100 6.23 
Commercial investor real estate construction2,284 46 7.84 2,023 38 7.55 1,960 35 7.09 
Residential first mortgage19,914 179 3.59 19,427 169 3.48 18,957 161 3.40 
Home equity5,688 94 6.63 5,785 90 6.22 5,921 88 5.93 
Consumer credit card1,245 48 15.57 1,217 46 15.10 1,214 45 14.93 
Other consumer—exit portfolios384 6 6.35 450 7 6.31 527 8 6.20 
Other consumer6,116 123 7.93 5,984 118 7.91 5,791 108 7.56 
Total loans, net of unearned income 98,785 1,475 5.91 98,581 1,466 5.94 97,277 1,373 5.68 
Interest-bearing deposits in other banks6,374 90 5.56 6,111 79 5.21 6,508 72 4.49 
Other earning assets1,465 15 4.09 1,411 11 3.05 1,340 15 4.70 
Total earning assets
138,641 1,779 5.08 138,231 1,751 5.06 137,558 1,654 4.84 
Unrealized gains/(losses) on debt securities available for sale, net (2)
(3,626)(3,064)(3,081)
Allowance for loan losses(1,526)(1,497)(1,427)
Cash and due from banks2,165 2,320 2,360 
Other non-earning assets17,830 17,784 17,672 
$153,484 $153,774 $153,082 
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings $13,715 4 0.12 $14,701 5 0.12 $15,418 4 0.11 
Interest-bearing checking22,499 74 1.31 22,979 63 1.09 24,697 54 0.89 
Money market 32,146 179 2.20 31,567 130 1.66 32,522 91 1.13 
Time deposits12,112 110 3.59 9,114 62 2.74 6,813 30 1.80 
Total interest-bearing deposits (5)
80,472 367 1.81 78,361 260 1.33 79,450 179 0.91 
Federal funds purchased and securities sold under agreements to repurchase8 — 5.46 17 — 5.23 — — — 
Short-term borrowings2,794 39 5.48 3,242 42 5.06 400 5 4.92 
Long-term borrowings4,295 69 6.31 3,517 56 6.42 2,286 40 6.91 
Total interest-bearing liabilities 87,569 475 2.15 85,137 358 1.69 82,136 224 1.10 
Non-interest-bearing deposits (5)
44,748 — — 47,178 — — 49,592 — — 
Total funding sources132,317 475 1.42 132,315 358 1.08 131,728 224 0.69 
Net interest spread (2)
2.93 3.37 3.73 
Other liabilities4,677 4,548 4,891 
Shareholders’ equity16,468 16,892 16,457 
Noncontrolling interest22 19 6 
$153,484 $153,774 $153,082 
Net interest income/margin FTE basis (2)
$1,304 3.73 %$1,393 4.04 %$1,430 4.22 %
_______
(1) Amounts have been calculated using whole dollar values.
(2) Debt securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.
(3) Interest income includes hedging expense of $73 million for the quarter ended September 30, 2023, $29 million for the quarter ended June 30, 2023, and $13 million for the quarter ended March 31, 2023.
(4) Interest income includes hedging expense of $9 million for the quarter ended September 30, 2023, $3 million for the quarter ended June 30, 2023, and $2 million for the quarter ended March 31, 2023.
(5) 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 1.16% for the quarter ended September 30, 2023, 0.83% for the quarter ended June 30, 2023 and 0.56% for the quarter ended March 31, 2023.



10
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 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 base 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)3/31/202412/31/20239/30/20236/30/20233/31/20231Q24 vs. 4Q231Q24 vs. 1Q23
Net income available to common shareholders (GAAP)$343 $367 $465 $556 $588 $(24)(6.5)%$(245)(41.7)%
Preferred dividends (GAAP)25 24 25 25 24 1 4.2 %1 4.2 %
Income tax expense (GAAP)96 80 129 147 177 16 20.0 %(81)(45.8)%
Income before income taxes (GAAP)464 471 619 728 789 (7)(1.5)%(325)(41.2)%
Provision for credit losses (GAAP)152 155 145 118 135 (3)(1.9)%17 12.6 %
Pre-tax pre-provision income (non-GAAP)616 626 764 846 924 (10)(1.6)%(308)(33.3)%
Other adjustments:
Securities (gains) losses, net50 2 1 — 2 48 NM48 NM
Leveraged lease termination gains, net— (1)— — (1)1 100.0 %1 100.0 %
FDIC insurance special assessment18 119 — — — (101)(84.9)%18 NM
Salaries and employee benefits—severance charges13 28 3 — — (15)(53.6)%13 NM
Branch consolidation, property and equipment charges1 3 1 1 2 (2)(66.7)%(1)(50.0)%
Early extinguishment of debt— (4)— — — 4 100.0 %— NM
Professional, legal and regulatory expenses2 1 — — — 1 100.0 %2 NM
Total other adjustments84 148 5 1 3 (64)(43.2)%81 NM
Adjusted pre-tax pre-provision income (non-GAAP)$700 $774 $769 $847 $927 $(74)(9.6)%$(227)(24.5)%
______
NM - Not meaningful





11
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Non-Interest Income
 Quarter Ended
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/20231Q24 vs. 4Q231Q24 vs. 1Q23
Service charges on deposit accounts$148 $143 $142 $152 $155 $5 3.5 %$(7)(4.5)%
Card and ATM fees116 127 126 130 121 (11)(8.7)%(5)(4.1)%
Wealth management income119 117 112 110 112 2 1.7 %7 6.3 %
Capital markets income (1)
91 48 64 68 42 43 89.6 %49 116.7 %
Mortgage income41 31 28 26 24 10 32.3 %17 70.8 %
Commercial credit fee income 27 27 24 28 26 — NM1 3.8 %
Bank-owned life insurance23 22 20 19 17 1 4.5 %6 35.3 %
Market value adjustments on employee benefit assets (2)
15 12 4 — (1)3 25.0 %16 NM
Securities gains (losses), net(50)(2)(1)— (2)(48)NM(48)NM
Other miscellaneous income33 55 47 43 40 (22)(40.0)%(7)(17.5)%
Total non-interest income$563 $580 $566 $576 $534 $(17)(2.9)%$29 5.4 %
Mortgage Income
Quarter Ended
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/20231Q24 vs. 4Q231Q24 vs. 1Q23
Production and sales$24 $9 $10 $18 $13 $15 166.7 %$11 84.6 %
Loan servicing44 46 42 39 38 (2)(4.3)%6 15.8 %
MSR and related hedge impact:
MSRs fair value increase (decrease) due to change in valuation inputs or assumptions19 (24)45 8 (12)43 179.2 %31 258.3 %
MSRs hedge gain (loss)(17)29 (41)(12)9 (46)(158.6)%(26)(288.9)%
MSRs change due to payment decay(29)(29)(28)(27)(24)— NM(5)(20.8)%
MSR and related hedge impact(27)(24)(24)(31)(27)(3)(12.5)%— NM
Total mortgage income$41 $31 $28 $26 $24 $10 32.3 %$17 70.8 %
Mortgage production - portfolio$354 $475 $762 $970 $580 $(121)(25.5)%$(226)(39.0)%
Mortgage production - agency/secondary market399 349 408 450 302 50 14.3 %97 32.1 %
Total mortgage production$753 $824 $1,170 $1,420 $882 $(71)(8.6)%$(129)(14.6)%
Mortgage production - purchased90.0 %90.8 %90.7 %91.3 %88.3 %
Mortgage production - refinanced10.0 %9.2 %9.3 %8.7 %11.7 %
 
Wealth Management Income
Quarter Ended
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/20231Q24 vs. 4Q231Q24 vs. 1Q23
Investment management and trust fee income$81 $81 $79 $77 $76 $— NM$5 6.6 %
Investment services fee income38 36 33 33 36 2 5.6 %2 5.6 %
Total wealth management income (3)
$119 $117 $112 $110 $112 $2 1.7 %$7 6.3 %
Capital Markets Income
Quarter Ended
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/20231Q24 vs. 4Q231Q24 vs. 1Q23
Capital markets income$91 $48 $64 $68 $42 $43 89.6 %$49 116.7 %
Less: Valuation adjustments on customer derivatives (4)
(2)(5)(3)(9)(33)3 60.0 %31 93.9 %
Capital markets income excluding valuation adjustments $93 $53 $67 $77 $75 $40 75.5 %$18 24.0 %
_________
NM - Not Meaningful
(1)Capital markets income primarily relates to capital raising activities that includes debt securities underwriting and placement, loan syndication and placement, as well as foreign exchange, derivative and merger and acquisition advisory services.
(2)These market value adjustments relate to assets held for employee and director benefits that are offset within salaries and employee benefits expense and other non-interest expense.
(3)Total wealth management income presented above does not include the portion of service charges on deposit accounts and similar smaller dollar amounts that are also attributable to the wealth management segment.
(4)For the purposes of determining the fair value of customer derivatives, the Company considers the risk of nonperformance by counterparties, as well as the Company's own risk of nonperformance. The valuation adjustments above are reflective of the values associated with these considerations.
12
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Non-Interest Expense
Quarter Ended
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/20231Q24 vs. 4Q231Q24 vs. 1Q23
Salaries and employee benefits$658 $608 $589 $603 $616 $50 8.2 %$42 6.8 %
Equipment and software expense101 102 107 101 102 (1)(1.0)%(1)(1.0)%
Net occupancy expense74 71 72 73 73 3 4.2 %1 1.4 %
Outside services39 43 39 42 39 (4)(9.3)%— NM
Marketing27 31 26 26 27 (4)(12.9)%— NM
Professional, legal and regulatory expenses 28 19 27 20 19 9 47.4 %9 47.4 %
Credit/checkcard expenses14 15 16 15 14 (1)(6.7)%— NM
FDIC insurance assessments(1)
43 147 27 29 25 (104)(70.7)%18 72.0 %
Visa class B shares expense4 6 5 9 8 (2)(33.3)%(4)(50.0)%
Early extinguishment of debt— (4)— — — 4 100.0 %— NM
Operational losses(2)
42 29 75 95 13 13 44.8 %29 223.1 %
Branch consolidation, property and equipment charges 1 3 1 1 2 (2)(66.7)%(1)(50.0)%
Other miscellaneous expenses100 115 109 97 89 (15)(13.0)%11 12.4 %
Total non-interest expense$1,131 $1,185 $1,093 $1,111 $1,027 $(54)(4.6)%$104 10.1 %
_________
NM - Not Meaningful
(1) Includes an FDIC special assessment accrual of $18 million in the first quarter of 2024 and $119 million in the fourth quarter of 2023.
(2) The incremental increase in operational losses primarily due to check-related warranty claims totaled $22 million in the first quarter of 2024. The incremental increase in operational losses primarily due to check-related warranty claims totaled $53 million in the third quarter of 2023. The incremental increase in operational losses primarily due to counterfeit checks totaled $82 million in the second quarter of 2023.
13
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures
Adjusted Efficiency Ratios, Adjusted Fee Income Ratios, Adjusted Non-Interest Income/Expense, Adjusted Operating Leverage Ratios, and Adjusted Total Revenue
The tables below present computations of the efficiency ratio, which is a measure of productivity, generally calculated as non-interest expense divided by total revenue; and the fee income ratio, generally calculated as non-interest income divided by total revenue. Management uses these ratios to monitor performance and believes these measures provide meaningful information to investors. Non-interest expense (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest expense (non-GAAP), which is the numerator for the adjusted efficiency ratio. Non-interest income (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest income (non-GAAP), which is the numerator for the adjusted fee income ratio. Net interest income and non-interest income are added together to arrive at total revenue. Adjustments are made to arrive at adjusted total revenue (non-GAAP). Net interest income on a taxable-equivalent basis and non-interest income are added together to arrive at total revenue on a taxable-equivalent basis. Adjustments are made to arrive at adjusted total revenue on a taxable-equivalent basis (non-GAAP), which is the denominator for the adjusted fee income and adjusted efficiency ratios. Also presented is a computation of the adjusted operating leverage ratio (non-GAAP) which is the period to period percentage change in adjusted total revenue on a taxable-equivalent basis (non-GAAP) less the percentage change in adjusted non-interest expense (non-GAAP).
 Quarter Ended
($ amounts in millions) 3/31/202412/31/20239/30/20236/30/20233/31/20231Q24 vs. 4Q231Q24 vs. 1Q23
Non-interest expense (GAAP)A$1,131 $1,185 $1,093 $1,111 $1,027 $(54)(4.6)%$104 10.1 %
Adjustments:
FDIC insurance special assessment(18)(119)— — — 101 84.9 %(18)NM
Branch consolidation, property and equipment charges (1)(3)(1)(1)(2)2 66.7 %1 50.0 %
Salaries and employee benefits—severance charges(13)(28)(3)— — 15 53.6 %(13)NM
Early extinguishment of debt— 4 — — — (4)(100.0)%— NM
Professional, legal and regulatory expenses(2)(1)— — — (1)(100.0)%(2)NM
Adjusted non-interest expense (non-GAAP)B$1,097 $1,038 $1,089 $1,110 $1,025 $59 5.7 %$72 7.0 %
Net interest income (GAAP)C$1,184 $1,231 $1,291 $1,381 $1,417 $(47)(3.8)%$(233)(16.4)%
Taxable-equivalent adjustment13 13 13 12 13 — — %— — %
Net interest income, taxable-equivalent basisD$1,197 $1,244 $1,304 $1,393 $1,430 $(47)(3.8)%$(233)(16.3)%
Non-interest income (GAAP)E$563 $580 $566 $576 $534 $(17)(2.9)%$29 5.4 %
Adjustments:
Securities (gains) losses, net50 2 1 — 2 48 NM48 NM
Leveraged lease termination gains— (1)— — (1)1 100.0 %1 100.0 %
Adjusted non-interest income (non-GAAP)F$613 $581 $567 $576 $535 $32 5.5 %$78 14.6 %
Total revenueC+E=G$1,747 $1,811 $1,857 $1,957 $1,951 $(64)(3.5)%$(204)(10.5)%
Adjusted total revenue (non-GAAP)C+F=H$1,797 $1,812 $1,858 $1,957 $1,952 $(15)(0.8)%$(155)(7.9)%
Total revenue, taxable-equivalent basisD+E=I$1,760 $1,824 $1,870 $1,969 $1,964 $(64)(3.5)%$(204)(10.4)%
Adjusted total revenue, taxable-equivalent basis (non-GAAP)D+F=J$1,810 $1,825 $1,871 $1,969 $1,965 $(15)(0.8)%$(155)(7.9)%
Operating leverage ratio (GAAP) (1)
I-A(20.6)%
Adjusted operating leverage ratio (non-GAAP) (1)
J-B(14.9)%
Efficiency ratio (GAAP) (1)
A/I64.3 %65.0 %58.5 %56.4 %52.3 %
Adjusted efficiency ratio (non-GAAP) (1)
B/J60.6 %56.9 %58.2 %56.4 %52.2 %
Fee income ratio (GAAP) (1)
E/I32.0 %31.8 %30.3 %29.3 %27.2 %
Adjusted fee income ratio (non-GAAP) (1)
F/J33.9 %31.8 %30.3 %29.3 %27.2 %
________
NM - Not Meaningful
(1) Amounts have been calculated using whole dollar values.






14
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures

Return Ratios

The table below provides a calculation of “return on average tangible common shareholders’ equity” (non-GAAP). 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 tangible common shareholders’ equity measure. Because 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 Regions makes adjustments to shareholders' equity including average intangible assets and related deferred taxes, average preferred stock and average accumulated other comprehensive income (AOCI). 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.
Quarter Ended
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/2023
RETURN ON AVERAGE TANGIBLE COMMON SHAREHOLDERS' EQUITY*
Net income available to common shareholders (GAAP)A$343 $367 $465 $556 $588 
Average shareholders' equity (GAAP)$17,121 $16,274 $16,468 $16,892 $16,457 
Less:
Average intangible assets (GAAP)5,934 5,944 5,955 5,966 5,977 
Average deferred tax liability related to intangibles (GAAP) (113)(109)(106)(104)(103)
Average preferred stock (GAAP)1,659 1,659 1,659 1,659 1,659 
Average tangible common shareholders' equity (non-GAAP)B$9,641 $8,780 $8,960 $9,371 $8,924 
Less: Average AOCI, after tax(3,113)(3,925)(3,684)(2,936)(3,081)
Average tangible common shareholders' equity excluding AOCI (non-GAAP)C$12,754 $12,705 $12,644 $12,307 $12,005 
Return on average tangible common shareholders' equity (non-GAAP) (1)
A/B14.31 %16.57 %20.58 %23.82 %26.70 %
Return on average tangible common shareholders' equity excluding AOCI (non-GAAP) (1)
A/C10.81 %11.45 %14.58 %18.14 %19.85 %
____
*Annualized
(1)Amounts have been calculated using whole dollar values.
Tangible Common Ratios
The following table provides a reconciliation of shareholders’ equity (GAAP) to tangible common shareholders’ equity (non-GAAP) and the calculations of the end of period “tangible common shareholders’ equity to tangible assets” and "tangible common book value per share" ratios (non-GAAP). Since analysts and banking regulators may assess Regions’ capital adequacy using tangible common shareholders' equity, management believes that it is useful to provide investors the ability to assess Regions’ capital adequacy on this same basis.
As of and for Quarter Ended
($ amounts in millions, except per share data)3/31/202412/31/20239/30/20236/30/20233/31/2023
TANGIBLE COMMON RATIOS
Shareholders’ equity (GAAP)A$17,044 $17,429 $16,100 $16,639 $16,883 
Less:
Preferred stock (GAAP)1,659 1,659 1,659 1,659 1,659 
Intangible assets (GAAP)5,929 5,938 5,949 5,959 5,971 
Deferred tax liability related to intangibles (GAAP)(114)(112)(108)(106)(104)
Tangible common shareholders’ equity (non-GAAP)B$9,570 $9,944 $8,600 $9,127 $9,357 
Total assets (GAAP)C$154,909 $152,194 $153,624 $155,656 $154,135 
Less:
Intangible assets (GAAP)5,929 5,938 5,949 5,959 5,971 
Deferred tax liability related to intangibles (GAAP)(114)(112)(108)(106)(104)
Tangible assets (non-GAAP)D$149,094 $146,368 $147,783 $149,803 $148,268 
Shares outstanding—end of quarterE918 924 939 939 935 
Total equity to total assets (GAAP) (1)
A/C11.00 %11.45 %10.48 %10.69 %10.95 %
Tangible common shareholders’ equity to tangible assets (non-GAAP) (1)
B/D6.42 %6.79 %5.82 %6.09 %6.31 %
Tangible common book value per share (non-GAAP) (1)
B/E$10.42 $10.77 $9.16 $9.72 $10.01 
____
(1)Amounts have been calculated using whole dollar values.
15
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Credit Quality
As of and for Quarter Ended
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/2023
Components:
Beginning allowance for loan losses (ALL)$1,576 $1,547 $1,513 $1,472 $1,464 
Cumulative change in accounting guidance (1)
— — — — (38)
Beginning allowance for loan losses (ALL), as adjusted for change in accounting guidance$1,576 $1,547 $1,513 $1,472 $1,426 
Loans charged-off:
Commercial and industrial62 41 53 52 49 
Commercial real estate mortgage—owner-occupied— 1 1 — — 
Total commercial62 42 54 52 49 
Commercial investor real estate mortgage5 — — — — 
Total investor real estate5 — — — — 
Residential first mortgage1 — — 1 — 
Home equity—lines of credit1 — 1 1 1 
Home equity—closed-end— — 1 — — 
Consumer credit card16 14 14 12 12 
Other consumer—exit portfolios (2)
1 39 3 3 5 
Other consumer55 54 51 43 38 
Total consumer74 107 70 60 56 
Total141 149 124 112 105 
Recoveries of loans previously charged-off:
Commercial and industrial8 7 12 21 10 
Commercial real estate mortgage—owner-occupied— 1 1 — — 
Total commercial8 8 13 21 10 
Commercial investor real estate mortgage1 — — — — 
Total investor real estate1 — — — — 
Residential first mortgage1 — — 1 — 
Home equity—lines of credit2 1 1 2 3 
Home equity—closed-end— — 1 — — 
Consumer credit card2 2 3 1 2 
Other consumer—exit portfolios1 1 — 1 1 
Other consumer5 5 5 5 6 
Total consumer11 9 10 10 12 
Total20 17 23 31 22 
Net charge-offs (recoveries):
Commercial and industrial54 34 41 31 39 
Commercial real estate mortgage—owner-occupied— — — — — 
Total commercial54 34 41 31 39 
Commercial investor real estate mortgage4 — — — — 
Total investor real estate4 — — — — 
Residential first mortgage— — — — — 
Home equity—lines of credit(1)(1)— (1)(2)
Home equity—closed-end— — — — — 
Consumer credit card14 12 11 11 10 
Other consumer—exit portfolios— 38 3 2 4 
Other consumer50 49 46 38 32 
Total consumer63 98 60 50 44 
Total121 132 101 81 83 
Provision for loan losses (2)
162 161 135 122 129 
Ending allowance for loan losses (ALL)1,617 1,576 1,547 1,513 1,472 
Beginning reserve for unfunded credit commitments124 130 120 124 118 
Provision for (benefit from) unfunded credit losses(10)(6)10 (4)6 
Ending reserve for unfunded commitments114 124 130 120 124 
Allowance for credit losses (ACL) at period end$1,731 $1,700 $1,677 $1,633 $1,596 
16
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Credit Quality (continued)
As of and for Quarter Ended
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/2023
Net loan charge-offs as a % of average loans, annualized (3):
Commercial and industrial0.43 %0.26 %0.31 %0.24 %0.31 %
Commercial real estate mortgage—owner-occupied0.02 %(0.02)%0.04 %0.01 %(0.02)%
Commercial real estate construction—owner-occupied(0.01)%(0.01)%(0.01)%(0.27)%(0.05)%
Total commercial0.40 %0.24 %0.29 %0.22 %0.28 %
Commercial investor real estate mortgage0.21 %(0.01)%(0.01)%— %— %
Commercial investor real estate construction— %— %— %(0.04)%— %
Total investor real estate0.15 %(0.01)%— %(0.01)%— %
Residential first mortgage(0.01)%— %— %— %— %
Home equity—lines of credit(0.10)%(0.05)%(0.07)%(0.08)%(0.22)%
Home equity—closed-end(0.02)%(0.02)%(0.02)%— %(0.03)%
Consumer credit card4.39 %3.98 %3.48 %3.38 %3.47 %
Other consumer—exit portfolios (2)
(4.03)%135.63 %3.14 %2.56 %2.69 %
Other consumer3.24 %3.13 %2.99 %2.55 %2.26 %
Total consumer0.76 %1.18 %0.71 %0.62 %0.55 %
Total0.50 %0.54 %0.40 %0.33 %0.35 %
Non-performing loans, excluding loans held for sale$906 $805 $642 $492 $554 
Non-performing loans held for sale3 3 2 1 1 
Non-performing loans, including loans held for sale909 808 644 493 555 
Foreclosed properties13 15 15 15 15 
Non-performing assets (NPAs)$922 $823 $659 $508 $570 
Loans past due > 90 days (4)
$147 $171 $140 $131 $128 
Criticized loans—business (5)
$4,978 $4,659 $4,167 $4,039 $3,725 
Credit Ratios (3):
ACL/Loans, net1.79 %1.73 %1.70 %1.65 %1.63 %
ALL/Loans, net1.67 %1.60 %1.56 %1.53 %1.50 %
Allowance for credit losses to non-performing loans, excluding loans held for sale191 %211 %261 %332 %288 %
Allowance for loan losses to non-performing loans, excluding loans held for sale179 %196 %241 %308 %266 %
Non-performing loans, excluding loans held for sale/Loans, net0.94 %0.82 %0.65 %0.50 %0.56 %
NPAs (ex. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale0.95 %0.84 %0.67 %0.51 %0.58 %
NPAs (inc. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale (4)
1.10 %1.01 %0.81 %0.64 %0.71 %
(1)Regions adopted accounting guidance on January 1, 2023 that removed the definition of troubled debt restructurings and replaced it with modifications to borrowers experiencing financial difficulty. The Company recorded the cumulative effect of the change in accounting guidance as an increase in retained earnings and a reduction in deferred tax assets.
(2)In the fourth quarter of 2023, the Company sold substantially all of its portfolio of a third party relationship with an associated allowance of $27 million at the time of the sale. As shown in the table below, there was a $35 million fair value mark recorded through charge-offs, which resulted in a net provision expense of $8 million associated with the sale.
(3)Amounts have been calculated using whole dollar values.
(4)Excludes guaranteed residential first mortgages that are 90+ days past due and still accruing. Refer to the footnotes on page 18 for amounts related to these loans.
(5)Business represents the combined total of commercial and investor real estate loans.

Adjusted Net Charge-offs and Ratio (non-GAAP)

In the fourth quarter of 2023, the Company made the decision to sell substantially all of a loan portfolio associated with a third party relationship. The loans were marked to fair value through charge-offs as shown below. Management believes that excluding the incremental increase to net charge-offs from the net charge-off ratio (GAAP) to arrive at an adjusted net charge-off ratio (non-GAAP) will assist investors in analyzing the Company's credit quality performance as well as provide a better basis from which to predict future performance.
For the Quarter Ended
($ amounts in millions)3/31/202412/31/20239/30/20236/30/20233/31/2023
Net loan charge-offs (GAAP)$121 $132 $101 $81 $83 
Less: charge-offs associated with the sale of loans— 35 — — — 
Adjusted net loan charge-offs (non-GAAP)$121 $97 $101 $81 $83 
Net loan charge-offs as a % of average loans, annualized (GAAP) (1)
0.50 %0.54 %0.40 %0.33 %0.35 %
Adjusted net loan charge-offs as a % of average loans, annualized (non-GAAP) (1)
0.50 %0.39 %0.40 %0.33 %0.35 %
______
(1)     Amounts have been calculated using whole dollar values.
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Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Non-Performing Loans (excludes loans held for sale)
 As of
($ amounts in millions, %'s calculated using whole dollar values)3/31/202412/31/20239/30/20236/30/20233/31/2023
Commercial and industrial$556 1.12 %$471 0.93 %$361 0.70 %$297 0.57 %$385 0.74 %
Commercial real estate mortgage—owner-occupied40 0.83 %36 0.74 %43 0.90 %34 0.72 %34 0.68 %
Commercial real estate construction—owner-occupied10 3.42 %8 3.12 %10 3.50 %5 1.60 %6 1.85 %
Total commercial606 1.11 %515 0.92 %414 0.73 %336 0.59 %425 0.74 %
Commercial investor real estate mortgage241 3.76 %233 3.53 %169 2.63 %98 1.51 %67 1.06 %
Total investor real estate241 2.75 %233 2.63 %169 1.94 %98 1.14 %67 0.80 %
Residential first mortgage22 0.11 %22 0.11 %24 0.12 %24 0.12 %26 0.14 %
Home equity—lines of credit31 0.97 %29 0.89 %29 0.91 %28 0.84 %30 0.90 %
Home equity—closed-end6 0.24 %6 0.23 %6 0.23 %6 0.24 %6 0.23 %
Total consumer59 0.18 %57 0.17 %59 0.18 %58 0.17 %62 0.19 %
Total non-performing loans$906 0.94 %$805 0.82 %$642 0.65 %$492 0.50 %$554 0.56 %

Early and Late Stage Delinquencies
Accruing 30-89 Days Past Due Loans
As of
($ amounts in millions, %'s calculated using whole dollar values)3/31/202412/31/20239/30/20236/30/20233/31/2023
Commercial and industrial $55 0.11 %$64 0.12 %$52 0.10 %$55 0.10 %$47 0.09 %
Commercial real estate mortgage—owner-occupied8 0.17 %5 0.10 %7 0.14 %4 0.09 %7 0.14 %
Commercial real estate construction—owner-occupied1 0.18 %1 0.48 %— — %— — %— — %
Total commercial64 0.12 %70 0.12 %59 0.10 %59 0.10 %54 0.09 %
Commercial investor real estate mortgage— — %— — %115 1.78 %1 0.01 %1 0.01 %
Total investor real estate— — %— — %115 1.31 %1 0.01 %1 0.01 %
Residential first mortgage—non-guaranteed (1)
105 0.53 %106 0.53 %95 0.48 %83 0.42 %74 0.39 %
Home equity—lines of credit28 0.89 %27 0.84 %33 1.02 %28 0.85 %28 0.83 %
Home equity—closed-end 13 0.54 %14 0.57 %11 0.46 %10 0.43 %10 0.38 %
Consumer credit card18 1.35 %19 1.43 %18 1.43 %16 1.28 %15 1.24 %
Other consumer—exit portfolios2 5.61 %3 5.86 %6 1.71 %6 1.54 %7 1.38 %
Other consumer70 1.13 %91 1.47 %80 1.30 %79 1.32 %69 1.18 %
Total consumer (1)
236 0.84 %260 0.92 %243 0.85 %222 0.78 %203 0.74 %
Total accruing 30-89 days past due loans (1)
$300 0.31 %$330 0.34 %$417 0.42 %$282 0.29 %$258 0.26 %
Accruing 90+ Days Past Due LoansAs of
($ amounts in millions, %'s calculated using whole dollar values)3/31/202412/31/20239/30/20236/30/20233/31/2023
Commercial and industrial$7 0.01 %$11 0.02 %$13 0.02 %$10 0.02 %$23 0.04 %
Commercial real estate mortgage—owner-occupied— 0.01 %— 0.01 %1 0.01 %1 0.02 %— 0.01 %
Total commercial7 0.01 %11 0.02 %14 0.02 %11 0.02 %23 0.04 %
Commercial investor real estate mortgage— — %23 0.35 %— — %— — %— — %
Total investor real estate— — %23 0.26 %— — %— — %— — %
Residential first mortgage—non-guaranteed (2)
69 0.35 %61 0.31 %58 0.30 %53 0.28 %47 0.25 %
Home equity—lines of credit19 0.60 %20 0.62 %16 0.49 %19 0.56 %17 0.50 %
Home equity—closed-end 7 0.29 %7 0.30 %7 0.29 %8 0.31 %8 0.36 %
Consumer credit card19 1.42 %20 1.45 %17 1.37 %15 1.26 %15 1.20 %
Other consumer—exit portfolios— 1.08 %— 0.81 %1 0.18 %1 0.18 %1 0.18 %
Other consumer26 0.42 %29 0.46 %27 0.44 %24 0.40 %17 0.30 %
Total consumer (2)
140 0.55 %137 0.51 %126 0.45 %120 0.43 %105 0.42 %
Total accruing 90+ days past due loans (2)
$147 0.15 %$171 0.17 %$140 0.14 %$131 0.13 %$128 0.13 %
Total delinquencies (1) (2)
$447 0.46 %$501 0.51 %$557 0.57 %$413 0.42 %$386 0.39 %
(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 $45 million at 3/31/2024, $46 million at 12/31/2023, $43 million at 9/30/2023, $36 million at 6/30/2023, and $37 million at 3/31/2023.
(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 $44 million at 3/31/2024, $34 million at 12/31/2023, $23 million at 9/30/2023, $24 million at 6/30/2023, and $30 million at 3/31/2023.
18
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
Forward-Looking Statements
This release may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. 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, 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.
•Market replacement of LIBOR and the related effect on our LIBOR-based financial products and contracts, including, but not limited to, derivative products, debt obligations, deposits, investments, and loans.
•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.
•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
19
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to First Quarter 2024 Earnings Release
misappropriation of confidential or proprietary information, disruption or damage to our systems, increased costs, losses, or adverse effects to our reputation.
•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 capital standards), 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, 2023 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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