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Derivative Financial Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule Of Derivative Instruments Notional And Fair Values

The following tables present the notional amount and estimated fair value of derivative instruments:

			June 30, 2025																		December 31, 2024
			Notional Amount(1)						Estimated Fair Value												Notional Amount						Estimated Fair Value
									Gain(1)						Loss(1)												Gain(1)						Loss(1)
			(In millions)
Derivatives in fair value hedging relationships:
Interest rate swaps			$	6,337					$	3					$	91					$	5,484					$	26					$	95
Derivatives in cash flow hedging relationships:
Interest rate swaps			35,198						96						261						36,660						—						718
Interest rate options			2,000						7						3						2,000						4						6
Total derivatives in cash flow hedging relationships			37,198						103						264						38,660						4						724
Total derivatives designated as hedging instruments			$	43,535					$	106					$	355					$	44,144					$	30					$	819
Derivatives not designated as hedging instruments:
Interest rate swaps			$	92,942					$	1,150					$	1,112					$	94,803					$	1,608					$	1,598
Interest rate options			11,624						24						12						11,005						31						24
Interest rate futures and forward commitments			1,552						10						3						1,247						8						4
Other contracts			14,103						206						200						12,539						139						106
Total derivatives not designated as hedging instruments			$	120,221					$	1,390					$	1,327					$	119,594					$	1,786					$	1,732
Total derivatives			$	163,756					$	1,496					$	1,682					$	163,738					$	1,816					$	2,551
Total gross derivative instruments, before netting									$	1,496					$	1,682											$	1,816					$	2,551
Less: Netting adjustments (2)									1,270						1,096												1,703						1,615
Total gross derivative instruments, after netting									$	226					$	586											$	113					$	936

_________

(1)Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities on the consolidated balance sheets. Includes accrued interest as applicable. The table reflects net notional presentation and gross asset and liability presentation to capture the economic impact of the trades.

(2)Netting adjustments represent amounts recorded to convert derivative assets and derivative liabilities from a gross basis to a net basis in accordance with applicable accounting guidance. The net basis takes into account the impact of cash collateral received or posted, legally enforceable master netting agreements, and variation margin that allow Regions to settle derivative contracts with the counterparty on a net basis and to offset the net position with the related cash collateral. Cash collateral, all of which is included as a netting adjustment, totaled $75 million and $106 million for derivative assets at June 30, 2025 and December 31, 2024, respectively. Cash collateral totaled $105 million and $87 million for derivative liabilities at June 30, 2025 and December 31, 2024, respectively.

Schedule Of Effect Of Hedging Derivative Instruments On Statements Of Operations

The following tables present the effect of hedging derivative instruments on the consolidated statements of income and the total amounts for the respective line items affected:

			Three Months Ended June 30, 2025
			Interest Income												Interest Expense
			Debt securities						Loans, including fees						Long-term borrowings
			(In millions)
Total income (expense) presented in the consolidated statements of income			$	286					$	1,377					$	(77)
Gains/(losses) on fair value hedging relationships:
Interest rate contracts:
Amounts related to interest settlements on derivatives			$	5					$	—					$	(7)
Recognized on derivatives			(33)						—						9
Recognized on hedged items			33						—						(9)
Income (expense) recognized on fair value hedges			$	5					$	—					$	(7)
Gains/(losses) on cash flow hedging relationships: (1)
Interest rate contracts:
Realized gains (losses) reclassified from AOCI into net income, pre-tax			$	—					$	(60)					$	—
Income (expense) recognized on cash flow hedges			$	—					$	(60)					$	—

			Three Months Ended June 30, 2024
			Interest Income												Interest Expense
			Debt securities						Loans, including fees						Long-term borrowings						Deposits
			(In millions)
Total income (expense) presented in the consolidated statements of income			$	219					$	1,432					$	(61)					$	(502)
Gains/(losses) on fair value hedging relationships:
Interest rate contracts:
Amounts related to interest settlements on derivatives			$	2					$	—					$	(17)					$	—
Recognized on derivatives			—						—						10						—
Recognized on hedged items			—						—						(10)						—
Income (expense) recognized on fair value hedges			$	2					$	—					$	(17)					$	—
Gains/(losses) on cash flow hedging relationships: (1)
Interest rate contracts:
Realized gains (losses) reclassified from AOCI into net income, pre-tax			$	—					$	(116)					$	—					$	—
Income (expense) recognized on cash flow hedges			$	—					$	(116)					$	—					$	—

			Six Months Ended June 30, 2025
			Interest Income												Interest Expense
			Debt securities						Loans, including fees						Long-term borrowings
			(In millions)
Total income (expense) presented in the consolidated statements of income			$	552					$	2,719					$	(162)
Gains/(losses) on fair value hedging relationships:
Interest rate contracts:
Amounts related to interest settlements on derivatives			$	8					$	—					$	(21)
Recognized on derivatives			(79)						—						34
Recognized on hedged items			79						—						(34)
Income (expense) recognized on fair value hedges			$	8					$	—					$	(21)
Gains/(losses) on cash flow hedging relationships: (1)
Interest rate contracts:
Realized gains (losses) reclassified from AOCI into net income, pre-tax			$	—					$	(127)					$	—
Income (expense) recognized on cash flow hedges			$	—					$	(127)					$	—

			Six Months Ended June 30, 2024
			Interest Income												Interest Expense
			Debt securities						Loans, including fees						Long-term borrowings						Deposits
			(In millions)
Total income (expense) presented in the consolidated statements of income			$	428					$	2,853					$	(105)					$	(997)
Gains/(losses) on fair value hedging relationships:
Interest rate contracts:
Amounts related to interest settlements on derivatives			$	5					$	—					$	(34)					$	—
Recognized on derivatives			6						—						6						(1)
Recognized on hedged items			(7)						—						(6)						1
Income (expense) recognized on fair value hedges			$	4					$	—					$	(34)					$	—
Gains/(losses) on cash flow hedging relationships: (1)
Interest rate contracts:
Realized gains (losses) reclassified from AOCI into net income, pre-tax			$	—					$	(233)					$	—					$	—
Income (expense) recognized on cash flow hedges			$	—					$	(233)					$	—					$	—

_____

(1)See Note 6 for gain or (loss) recognized for cash flow hedges in AOCI.

Schedule of Fair Value Hedging Basis Adjustments

The following tables present the carrying amount and associated cumulative basis adjustment related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships.

			June 30, 2025												December 31, 2024
			Hedged Items Currently Designated															Hedged Items Currently Designated
			Carrying Amount of Assets/(Liabilities)						Hedge Accounting Basis Adjustment															Carrying Amount of Assets/(Liabilities)						Hedge Accounting Basis Adjustment
			(In millions)												(In millions)
Debt securities available for sale (1)			$	6,716					$	35														$	3,304					$	(22)
Long-term borrowings			(2,342)						57															(3,058)						91

_____

(1) Carrying amount represents amortized cost basis.

At June 30, 2025 and December 31, 2024, the Company designated interest rate swaps as fair value hedges of debt securities available for sale under which the Company designated $1.8 billion and $750 million, respectively, as the hedged amount from a closed portfolio of prepayable financial assets with a carrying amount of $4.5 billion and $1.8 billion, respectively. At June 30, 2025, approximately $10 million of the hedge accounting basis adjustments related to active portfolio layer method hedges. During 2025 the Company terminated fair value hedges related to available for sale debt securities. The terminated hedges had a remaining basis adjustment of $23 million.

Schedule Of Gains (Losses) Recognized In Income Related To Derivatives Not Designated As Hedging Instruments

The following table presents the location and amount of gain or (loss) recognized in income on derivatives not designated as hedging instruments in the consolidated statements of income for the periods presented below:

			Three Months Ended June 30												Six Months Ended June 30
Derivatives Not Designated as Hedging Instruments			2025						2024						2025						2024
			(In millions)
Capital markets income:
Interest rate swaps			$	5					$	6					$	11					$	15
Interest rate options			13						14						21						23
Interest rate futures and forward commitments			5						6						8						14
Other contracts			(19)						(1)						(21)						5
Total capital markets income			4						25						19						57
Mortgage income:
Interest rate swaps			(4)						(8)						12						(23)
Interest rate options			(1)						(2)						—						(1)
Interest rate futures and forward commitments			1						(2)						—						8
Total mortgage income			(4)						(12)						12						(16)
			$	—					$	13					$	31					$	41

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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