EX-99.2 3 rf-2024930xexhibitx992.htm EX-99.2 Document


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地區金融公司及其附屬公司
財務補充資料（未經審核）
2024年第三季





地區金融公司及子公司
財務補充（未經審計）至2024年第三季度盈利公告

目錄
 
   頁面
財務亮點  
選定比率及其他資訊*  
合併資產負債表  
  
貸款   
存款  
綜合損益表  
綜合每日平均餘額及收益率 / 利率分析  
稅前稅前收入（"PPI"）* 和調整後的PPI*  
非利息收入，抵押貸款收入，財富管理收入和資本市場收入  
非利潤開支  
將GAAP財務指標調整為非GAAP財務指標*  
調整後的效率比率，調整後的費用收入比率，調整後的非利息收入/支出，調整後的營運槓桿率，回報率以及有形普通率
信貸質素  
信貸減損準備，淨轉債額以及相關比率，調整後的淨轉債額及相關比率  
非應計貸款（排除持有待售貸款），早期和晚期拖欠  
前瞻性陳述

*使用非依照美國通用會計原則之財務指標
區域認為，提供非GAAP財務指標的呈現，為期間對期間比較提供有意義的基準，管理層認為這將協助投資者評估公司的表現，應用的基準與管理層一致。 非GAAP財務指標具有固有的限制，不需要統一應用，並且未經審核。 雖然利益相關者經常使用非GAAP財務指標來評估公司，但它們作為分析工具具有限制，不應單獨考慮，也不應作為代替根據GAAP報告的結果的分析。 特別是，排除某些調整的收益指標並不代表有效地直接累積給股東的金額。 此外，我們的非GAAP財務指標可能與其他公司使用的類似非GAAP財務指標不可比。

地區金融公司及子公司
財務補充（未經審計）至2024年第三季度盈利公告
財務亮點
季度結束
（金額以百萬計算，每股數據除外）9/30/20246/30/20243/31/202412/31/20239/30/2023
收益摘要
利息收入-應稅當量$1,832 $1,774 $1,737 $1,764 $1,779 
利息支出-應稅當量602 576 540 520 475 
淨利息收入-應稅當量1,230 1,198 1,197 1,244 1,304 
減：應稅當量調整12 12 13 13 13 
凈利潤收入 1,218 1,186 1,184 1,231 1,291 
信用損失準備113 102 152 155 145 
經資產減損準備後的淨利息收入1,105 1,084 1,032 1,076 1,146 
非利息收入572 545 563 580 566 
每股獲利-基本1,069 1,004 1,131 1,185 1,093 
稅前收入608 625 464 471 619 
所得稅支出118 124 96 80 129 
凈利潤$490 $501 $368 $391 $490 
可供普通股股東分配的凈利潤$446 $477 $343 $367 $465 
本季加權平均股份：
基礎914 917 921 931 939 
稀釋918 918 923 931 940 
每普通股基本盈利$0.49 $0.52 $0.37 $0.39 $0.49 
每股普通股盈利 - 稀釋$0.49 $0.52 $0.37 $0.39 $0.49 
資產負債表摘要
季末
貸款，扣除未賺取利息凈額$96,789 $97,508 $96,862 $98,379 $98,942 
信貸損失準備(1,728 )(1,732 )(1,731 )(1,700 )(1,677 )
資產157,426 154,052 154,909 152,194 153,624 
存款126,376 126,616 128,982 127,788 126,199 
長期借款6,016 5,083 3,327 2,330 4,290 
股東權益18,676 17,169 17,044 17,429 16,100 
平均餘額
貸款，扣除未應收利息$97,040 $97,281 $97,420 $98,293 $98,785 
資產154,667 152,867 151,444 151,738 153,484 
存款125,950 126,901 127,126 126,414 125,220 
長期借款5,351 3,595 2,405 3,627 4,295 
股東權益18,047 16,713 17,121 16,274 16,468 



1
地區金融公司及子公司
財務補充（未經審計）至2024年第三季度盈利公告
選定比率及其他相關資訊
根據及截至季度結束的資料
 9/30/20246/30/20243/31/202412/31/20239/30/2023
平均資產報酬率* (1)
1.26 %1.32 %0.98 %1.02 %1.26 %
普通股東權益平均報酬率*10.88 %12.74 %8.92 %9.95 %12.45 %
平均有形普通股東權益報酬率（非普遍公認會計準則）* (2)
16.87 %20.75 %14.31 %16.57 %20.58 %
平均有形普通股東權益報酬率，不含AOCI（非普遍公認會計準則）* (2)
13.69 %15.02 %10.81 %11.45 %14.58 %
效率比59.3 %57.6 %64.3 %65.0 %58.5 %
調整後效率比率（非普遍公認會計準則） (2)
56.9 %57.6 %60.6 %56.9 %58.2 %
股息派發比率 (3)
51.3 %46.1 %64.2 %60.5 %48.5 %
每股共同股東權益$18.62 $16.94 $16.76 $17.07 $15.38 
每股有形共同股東權益（非GAAP） (2)
$12.26 $10.61 $10.42 $10.77 $9.16 
總股東權益占總資產比率11.86 %11.14 %11.00 %11.45 %10.48 %
有形共同股東權益占有形資產比率（非GAAP） (2)
7.37 %6.55 %6.42 %6.79 %5.82 %
共同股權 (4)
$13,184$13,093 $12,913 $12,976 $13,056 
總風險加權資產 (4)
$124,753$125,682 $125,167 $126,475 $126,900 
共同股權第一階段比率 (4)
10.6 %10.4 %10.3 %10.3 %10.3 %
第一階段資本比率 (4)
11.9 %11.7 %11.6 %11.6 %11.6 %
總風險資本比率 (4)
13.9 %13.6 %13.6 %13.4 %13.4 %
槓桿率 (4)
9.8 %9.8 %9.8 %9.7 %9.7 %
有效稅率 19.4 %19.8 %20.7 %17.0 %20.9 %
信用損失撥備占放款餘額（扣除未贏得之收入）百分比1.79 %1.78 %1.79 %1.73 %1.70 %
與非表現貸款相比的信用損失撥備比率，不含待售貸款 210 %204 %191 %211 %261 %
凈利息收益率 (FTE)* 3.54 %3.51 %3.55 %3.60 %3.73 %
放款（扣除未贏得之收入）占總存款比率76.6 %77.0 %75.1 %77.0 %78.4 %
淨轉催收占平均放款百分比*0.48 %0.42 %0.50 %0.54 %0.40 %
調整後的淨損失佔平均貸款比率（非GAAP）* (2)
0.48 %0.42 %0.50 %0.39 %0.40 %
不良貸款，不包括待售貸款，佔貸款比率0.85 %0.87 %0.94 %0.82 %0.65 %
不良資產（不包括逾期90天未償還貸款）占貸款、被扣押物業、和持有待售的不良貸款比率0.87 %0.88 %0.95 %0.84 %0.67 %
不良資產（包括逾期90天未償還貸款）占貸款、被扣押物業和持有待售的不良貸款比率 (5)
1.06 %1.06 %1.10 %1.01 %0.81 %
副聯席人數-全職當量 19,560 19,595 19,641 20,101 20,257 
自動櫃員機 2,019 2,022 2,019 2,023 2,022 
分行統計
全面服務1,235 1,236 1,236 1,242 1,243 
僅提供自動服務/交易服務26 26 27 29 29 
分行總數1,261 1,262 1,263 1,271 1,272 
*年化
(1)通過將凈利潤除以平均資產計算。
(2)查看從第幾頁開始的GAAP和非GAAP財務措施調和 12, 16, 18 和 19.
(3)分紅派息比率反映了適用期內宣布的股息。
(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 21 for amounts related to these loans.

2
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Consolidated Balance Sheets
As of
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/2023
Assets:
Cash and due from banks$2,665 $2,955 $2,527 $2,635 $1,554 
Interest-bearing deposits in other banks7,856 5,524 8,723 4,166 7,462 
Debt securities held to maturity2,787 733 743 754 763 
Debt securities available for sale28,698 28,537 27,881 28,104 26,228 
Loans held for sale522 552 417 400 459 
Loans, net of unearned income 96,789 97,508 96,862 98,379 98,942 
Allowance for loan losses
(1,607)(1,621)(1,617)(1,576)(1,547)
Net loans95,182 95,887 95,245 96,803 97,395 
Other earning assets1,625 1,844 1,478 1,417 1,552 
Premises and equipment, net1,648 1,630 1,635 1,642 1,616 
Interest receivable596 608 588 614 625 
Goodwill5,733 5,733 5,733 5,733 5,733 
Residential mortgage servicing rights at fair value (MSRs)971 1,020 1,026 906 932 
Other identifiable intangible assets, net178 187 196 205 216 
Other assets8,965 8,842 8,717 8,815 9,089 
Total assets$157,426 $154,052 $154,909 $152,194 $153,624 
Liabilities and Equity:
Deposits:
Non-interest-bearing$39,698 $40,927 $41,824 $42,368 $44,640 
Interest-bearing86,678 85,689 87,158 85,420 81,559 
Total deposits126,376 126,616 128,982 127,788 126,199 
Borrowed funds:
Short-term borrowings1,500 513 1,000 — 2,000 
Long-term borrowings6,016 5,083 3,327 2,330 4,290 
Other liabilities4,807 4,638 4,522 4,583 5,010 
Total liabilities138,699 136,850 137,831 134,701 137,499 
Equity:
Preferred stock, non-cumulative perpetual1,715 1,659 1,659 1,659 1,659 
Common stock10 10 10 10 10 
Additional paid-in capital11,438 11,575 11,666 11,757 11,996 
Retained earnings8,778 8,561 8,304 8,186 8,042 
Treasury stock, at cost(1,371)(1,371)(1,371)(1,371)(1,371)
Accumulated other comprehensive income (loss), net(1,894)(3,265)(3,224)(2,812)(4,236)
Total shareholders’ equity18,676 17,169 17,044 17,429 16,100 
Noncontrolling interest
51 33 34 64 25 
Total equity
18,727 17,202 17,078 17,493 16,125 
Total liabilities and equity$157,426 $154,052 $154,909 $152,194 $153,624 







3
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
End of Period Loans
As of
    9/30/20249/30/2024
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/2023 vs. 6/30/2024 vs. 9/30/2023
Commercial and industrial$49,565 $50,222 $49,701 $50,865 $51,604 $(657)(1.3)%$(2,039)(4.0)%
Commercial real estate mortgage—owner-occupied4,873 4,781 4,788 4,887 4,833 92 1.9 %40 0.8 %
Commercial real estate construction—owner-occupied341 370 306 281 270 (29)(7.8)%71 26.3 %
Total commercial54,779 55,373 54,795 56,033 56,707 (594)(1.1)%(1,928)(3.4)%
Commercial investor real estate mortgage 6,562 6,536 6,422 6,605 6,436 26 0.4 %126 2.0 %
Commercial investor real estate construction2,250 2,301 2,341 2,245 2,301 (51)(2.2)%(51)(2.2)%
Total investor real estate8,812 8,837 8,763 8,850 8,737 (25)(0.3)%75 0.9 %
Total business63,591 64,210 63,558 64,883 65,444 (619)(1.0)%(1,853)(2.8)%
Residential first mortgage20,125 20,206 20,199 20,207 20,059 (81)(0.4)%66 0.3 %
Home equity—lines of credit (1)
3,130 3,142 3,155 3,221 3,240 (12)(0.4)%(110)(3.4)%
Home equity—closed-end (2)
2,404 2,410 2,415 2,439 2,428 (6)(0.2)%(24)(1.0)%
Consumer credit card1,372 1,349 1,314 1,341 1,261 23 1.7 %111 8.8 %
Other consumer—exit portfolios (3)
9 17 28 43 356 (8)(47.1)%(347)(97.5)%
Other consumer6,158 6,174 6,193 6,245 6,154 (16)(0.3)%4 0.1 %
Total consumer33,198 33,298 33,304 33,496 33,498 (100)(0.3)%(300)(0.9)%
Total Loans$96,789 $97,508 $96,862 $98,379 $98,942 $(719)(0.7)%$(2,153)(2.2)%
______
NM - Not meaningful.
(1)     The balance of Regions' home equity lines of credit consists of $1,464 million of first lien and $1,666 million of second lien at 9/30/2024.
(2)    The balance of Regions' closed-end home equity loans consists of $1,935 million of first lien and $469 million of second lien at 9/30/2024.
(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)
9/30/20246/30/20243/31/202412/31/20239/30/2023
Commercial and industrial51.2 %51.5 %51.3 %51.7 %52.2 %
Commercial real estate mortgage—owner-occupied5.0 %4.9 %4.9 %5.0 %5.0 %
Commercial real estate construction—owner-occupied0.4 %0.4 %0.3 %0.3 %0.3 %
Total commercial56.6 %56.8 %56.6 %57.0 %57.5 %
Commercial investor real estate mortgage6.8 %6.7 %6.6 %6.7 %6.5 %
Commercial investor real estate construction2.3 %2.4 %2.4 %2.3 %2.3 %
Total investor real estate9.1 %9.1 %9.0 %9.0 %8.8 %
Total business65.7 %65.9 %65.6 %66.0 %66.3 %
Residential first mortgage20.8 %20.7 %20.9 %20.5 %20.3 %
Home equity—lines of credit 3.2 %3.2 %3.3 %3.3 %3.3 %
Home equity—closed-end 2.5 %2.5 %2.5 %2.5 %2.5 %
Consumer credit card1.4 %1.4 %1.4 %1.4 %1.3 %
Other consumer—exit portfolios— %— %— %— %0.4 %
Other consumer6.4 %6.3 %6.4 %6.3 %5.9 %
Total consumer34.3 %34.1 %34.4 %34.0 %33.7 %
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 Third Quarter 2024 Earnings Release
Average Balances of Loans
 Average Balances
($ amounts in millions)3Q242Q241Q244Q233Q233Q24 vs. 2Q243Q24 vs. 3Q23
Commercial and industrial$49,847 $50,046 $50,090 $50,939 $51,721 $(199)(0.4)%$(1,874)(3.6)%
Commercial real estate mortgage—owner-occupied4,877 4,765 4,833 4,864 4,824 112 2.4 %53 1.1 %
Commercial real estate construction—owner-occupied335 350 298 272 276 (15)(4.3)%59 21.4 %
Total commercial55,059 55,161 55,221 56,075 56,821 (102)(0.2)%(1,762)(3.1)%
Commercial investor real estate mortgage6,495 6,610 6,558 6,574 6,333 (115)(1.7)%162 2.6 %
Commercial investor real estate construction2,264 2,229 2,275 2,198 2,284 35 1.6 %(20)(0.9)%
Total investor real estate8,759 8,839 8,833 8,772 8,617 (80)(0.9)%142 1.6 %
Total business 63,818 64,000 64,054 64,847 65,438 (182)(0.3)%(1,620)(2.5)%
Residential first mortgage20,147 20,191 20,188 20,132 19,914 (44)(0.2)%233 1.2 %
Home equity—lines of credit3,128 3,145 3,182 3,231 3,270 (17)(0.5)%(142)(4.3)%
Home equity—closed-end2,402 2,412 2,423 2,432 2,418 (10)(0.4)%(16)(0.7)%
Consumer credit card1,359 1,331 1,315 1,295 1,245 28 2.1 %114 9.2 %
Other consumer—exit portfolios (1)
13 22 35 110 384 (9)(40.9)%(371)(96.6)%
Other consumer6,173 6,180 6,223 6,246 6,116 (7)(0.1)%57 0.9 %
Total consumer33,222 33,281 33,366 33,446 33,347 (59)(0.2)%(125)(0.4)%
Total Loans$97,040 $97,281 $97,420 $98,293 $98,785 $(241)(0.2)%$(1,745)(1.8)%
Average Balances
Nine Months Ended September 30
($ amounts in millions)202420232024 vs. 2023
Commercial and industrial$49,994 $51,641 $(1,647)(3.2)%
Commercial real estate mortgage—owner-occupied4,825 4,913 (88)(1.8)%
Commercial real estate construction—owner-occupied328 287 41 14.3 %
Total commercial55,147 56,841 (1,694)(3.0)%
Commercial investor real estate mortgage6,554 6,412 142 2.2 %
Commercial investor real estate construction2,256 2,090 166 7.9 %
Total investor real estate8,810 8,502 308 3.6 %
Total business 63,957 65,343 (1,386)(2.1)%
Residential first mortgage20,175 19,436 739 3.8 %
Home equity—lines of credit3,151 3,360 (209)(6.2)%
Home equity—closed-end2,413 2,437 (24)(1.0)%
Consumer credit card1,335 1,225 110 9.0 %
Other consumer—exit portfolios (1)
23 454 (431)(94.9)%
Other consumer6,192 5,965 227 3.8 %
Total consumer33,289 32,877 412 1.3 %
Total Loans$97,246 $98,220 $(974)(1.0)%
_____
(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 Third Quarter 2024 Earnings Release
End of Period Deposits
 As of
     9/30/20249/30/2024
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/2023 vs. 6/30/2024 vs. 9/30/2023
Interest-free deposits$39,698 $40,927 $41,824 $42,368 $44,640 $(1,229)(3.0)%$(4,942)(11.1)%
Interest-bearing checking23,704 23,631 24,668 24,480 22,428 730.3%1,2765.7%
Savings12,085 12,386 12,786 12,604 13,292 (301)(2.4)%(1,207)(9.1)%
Money market—domestic35,205 34,438 34,251 33,364 32,646 7672.2%2,5597.8%
Time deposits15,684 15,234 15,453 14,972 13,193 4503.0%2,49118.9%
Total Deposits$126,376 $126,616 $128,982 $127,788 $126,199 $(240)(0.2)%$1770.1%
 As of
   9/30/20249/30/2024
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/2023 vs. 6/30/2024 vs. 9/30/2023
Consumer Bank Segment$78,858 $80,126 $81,129 $80,031 $80,980 $(1,268)(1.6)%$(2,122)(2.6)%
Corporate Bank Segment36,955 36,529 37,043 36,883 34,650 4261.2%2,3056.7%
Wealth Management Segment7,520 7,383 7,792 7,694 7,791 1371.9%(271)(3.5)%
Other (1)(2)
3,043 2,578 3,018 3,180 2,778 46518.0%2659.5%
Total Deposits$126,376 $126,616 $128,982 $127,788 $126,199 $(240)(0.2)%$1770.1%
 As of
    9/30/20249/30/2024
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/2023 vs. 6/30/2024 vs. 9/30/2023
Wealth Management - Private Wealth$6,676 $6,430 $6,664 $6,719 $6,706 $2463.8%$(30)(0.4)%
Wealth Management - Institutional Services844 953 1,128 975 1,085 (109)(11.4)%(241)(22.2)%
Total Wealth Management Segment Deposits$7,520 $7,383 $7,792 $7,694 $7,791 $1371.9%$(271)(3.5)%

As of
End of Period Deposits by Percentage9/30/20246/30/20243/31/202412/31/20239/30/2023
Interest-free deposits31.4 %32.3 %32.4 %33.2 %35.4 %
Interest-bearing checking18.8 %18.7 %19.1 %19.2 %17.8 %
Savings9.6 %9.8 %9.9 %9.9 %10.5 %
Money market—domestic27.9 %27.2 %26.6 %26.1 %25.9 %
Time deposits12.3 %12.0 %12.0 %11.6 %10.4 %
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 additional wholesale funding arrangements.
(2)Includes brokered deposits totaling $2.3 billion at 9/30/2024, $1.8 billion at 6/30/2024, $2.3 billion at 3/31/2024, $2.4 billion at 12/31/2023 and $1.9 billion at 9/30/2023.










6
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Average Balances of Deposits
Average Balances
($ amounts in millions)3Q242Q241Q244Q233Q233Q24 vs. 2Q243Q24 vs. 3Q23
Interest-free deposits$39,690 $40,516 $40,926 $43,167 $44,748 $(826)(2.0)%$(5,058)(11.3)%
Interest-bearing checking23,599 24,026 24,682 23,128 22,499 (427)(1.8)%1,100 4.9 %
Savings12,183 12,536 12,594 12,858 13,715 (353)(2.8)%(1,532)(11.2)%
Money market—domestic 35,051 34,368 33,646 33,216 32,146 683 2.0 %2,905 9.0 %
Time deposits15,427 15,455 15,278 14,045 12,112 (28)(0.2)%3,315 27.4 %
Total Deposits$125,950 $126,901 $127,126 $126,414 $125,220 $(951)(0.7)%730 0.6 %
 Average Balances
($ amounts in millions)3Q242Q241Q244Q233Q233Q24 vs. 2Q243Q24 vs. 3Q23
Consumer Bank Segment$78,904 $79,809 $79,150 $79,384 $80,036 $(905)(1.1)%$(1,132)(1.4)%
Corporate Bank Segment36,867 36,669 37,064 36,291 34,924 198 0.5 %1,943 5.6 %
Wealth Management Segment7,374 7,534 7,766 7,690 7,451 (160)(2.1)%(77)(1.0)%
Other (1)
2,805 2,889 3,146 3,049 2,809 (84)(2.9)%(4)(0.1)%
Total Deposits$125,950 $126,901 $127,126 $126,414 $125,220 $(951)(0.7)%$730 0.6 %
 Average Balances
($ amounts in millions)3Q242Q241Q244Q233Q233Q24 vs. 2Q243Q24 vs. 3Q23
Wealth Management - Private Wealth$6,557 $6,577 $6,720 $6,677 $6,701 $(20)(0.3)%$(144)(2.1)%
Wealth Management - Institutional Services817 957 1,046 1,013 750 (140)(14.6)%67 8.9 %
Total Wealth Management Segment Deposits$7,374 $7,534 $7,766 $7,690 $7,451 $(160)(2.1)%$(77)(1.0)%

Average Balances
Nine Months Ended September 30
($ amounts in millions)202420232024 vs. 2023
Interest-free deposits$40,375 $47,155 $(6,780)(14.4)%
Interest-bearing checking24,100 23,383 717 3.1 %
Savings12,437 14,605 (2,168)(14.8)%
Money market—domestic34,358 32,077 2,281 7.1 %
Time deposits15,386 9,366 6,020 64.3 %
Total Deposits$126,656 $126,586 $70 0.1 %
Average Balances
Nine Months Ended September 30
($ amounts in millions)202420232024 vs. 2023
Consumer Bank Segment$79,286 $81,070 $(1,784)(2.2)%
Corporate Bank Segment36,867 35,348 1,519 4.3 %
Wealth Management Segment7,557 7,791 (234)(3.0)%
Other (1)
2,946 2,377 569 23.9 %
Total Deposits$126,656 $126,586 $70 0.1 %
Average Balances
Nine Months Ended September 30
($ amounts in millions)202420232024 vs. 2023
Wealth Management - Private Wealth$6,617 $7,110 $(493)(6.9)%
Wealth Management - Institutional Services940 681 259 38.0 %
Total Wealth Management Segment Deposits$7,557 $7,791 $(234)(3.0)%
________
(1)Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, Eurodollar trade deposits, selected deposits and brokered time deposits) and wholesale funding arrangements.


7
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Consolidated Statements of Income
Quarter Ended
($ amounts in millions, except per share data)9/30/20246/30/20243/31/202412/31/20239/30/2023
Interest income on:
Loans, including fees $1,463 $1,432 $1,421 $1,457 $1,462 
Debt securities241 219 209 192 185 
Loans held for sale11 9 8 9 14 
Other earning assets 105 102 86 93 105 
Total interest income1,820 1,762 1,724 1,751 1,766 
Interest expense on:
Deposits507 502 495 449 367 
Short-term borrowings10 13 1 10 39 
Long-term borrowings85 61 44 61 69 
Total interest expense602 576 540 520 475 
Net interest income 1,218 1,186 1,184 1,231 1,291 
Provision for credit losses113 102 152 155 145 
Net interest income after provision for credit losses1,105 1,084 1,032 1,076 1,146 
Non-interest income:
Service charges on deposit accounts158 151 148 143 142 
Card and ATM fees118 120 116 127 126 
Wealth management income128 122 119 117 112 
Capital markets income92 68 91 48 64 
Mortgage income36 34 41 31 28 
Securities gains (losses), net(78)(50)(50)(2)(1)
Other118 100 98 116 95 
Total non-interest income572 545 563 580 566 
Non-interest expense:
Salaries and employee benefits645 609 658 608 589 
Equipment and software expense101 100 101 102 107 
Net occupancy expense69 68 74 71 72 
Other254 227 298 404 325 
Total non-interest expense1,069 1,004 1,131 1,185 1,093 
Income before income taxes608 625 464 471 619 
Income tax expense 118 124 96 80 129 
Net income $490 $501 $368 $391 $490 
Net income available to common shareholders$446 $477 $343 $367 $465 
Weighted-average shares outstanding—during quarter:
Basic914 917 921 931 939 
Diluted918 918 923 931 940 
Actual shares outstanding—end of quarter911 915 918 924 939 
Earnings per common share: (1)
Basic$0.49 $0.52 $0.37 $0.39 $0.49 
Diluted$0.49 $0.52 $0.37 $0.39 $0.49 
Taxable-equivalent net interest income$1,230 $1,198 $1,197 $1,244 $1,304 
________
(1) Quarterly amounts may not add to year-to-date amounts due to rounding.




8
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Consolidated Statements of Income (continued) (unaudited)
Nine Months Ended September 30
($ amounts in millions, except per share data)20242023
Interest income on:
Loans, including fees$4,316 $4,276 
Debt securities669 557 
Loans held for sale28 31 
Other earning assets 293 282 
Total interest income5,306 5,146 
Interest expense on:
Deposits1,504 806 
Short-term borrowings24 86 
Long-term borrowings190 165 
Total interest expense1,718 1,057 
Net interest income3,588 4,089 
Provision for credit losses367 398 
Net interest income after provision for credit losses3,221 3,691 
Non-interest income:
Service charges on deposit accounts457 449 
Card and ATM fees354 377 
Wealth management income 369 334 
Capital markets income251 174 
Mortgage income111 78 
Securities gains (losses), net(178)(3)
Other316 267 
Total non-interest income1,680 1,676 
Non-interest expense:
Salaries and employee benefits1,912 1,808 
Equipment and software expense302 310 
Net occupancy expense211 218 
Other779 895 
Total non-interest expense3,204 3,231 
Income before income taxes1,697 2,136 
Income tax expense 338 453 
Net income $1,359 $1,683 
Net income available to common shareholders$1,266 $1,609 
Weighted-average shares outstanding—during year:
Basic917 938 
Diluted919 940 
Actual shares outstanding—end of period911 939 
Earnings per common share:
Basic$1.38 $1.72 
Diluted$1.38 $1.71 
Taxable-equivalent net interest income$3,625 $4,127 

9
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Consolidated Average Daily Balances and Yield/Rate Analysis
 Quarter Ended
 9/30/20246/30/2024
($ 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 $— 5.44 %$1 $— 5.44 %
Debt securities (2)(3)
32,252 241 2.98 31,649 219 2.77 
Loans held for sale642 11 6.56 531 9 6.85 
Loans, net of unearned income:
Commercial and industrial (4)
49,847 773 6.14 50,046 756 6.04 
Commercial real estate mortgage—owner-occupied (5)
4,877 60 4.80 4,765 56 4.59 
Commercial real estate construction—owner-occupied335 6 6.29 350 6 6.52 
Commercial investor real estate mortgage6,495 119 7.16 6,610 119 7.11 
Commercial investor real estate construction2,264 46 7.94 2,229 45 7.96 
Residential first mortgage20,147 196 3.90 20,191 191 3.79 
Home equity5,530 96 6.96 5,557 95 6.87 
Consumer credit card1,359 51 14.82 1,331 48 14.62 
Other consumer—exit portfolios13 — 1.88 22 — 1.58 
Other consumer6,173 128 8.28 6,180 128 8.33 
Total loans, net of unearned income97,040 1,475 6.02 97,281 1,444 5.93 
Interest-bearing deposits in other banks6,682 92 5.52 6,158 86 5.65 
Other earning assets1,456 13 3.58 1,447 16 4.43 
Total earning assets 138,073 1,832 5.26 137,067 1,774 5.17 
Unrealized gains/(losses) on debt securities available for sale, net (2)
(2,213)(3,267)
Allowance for loan losses(1,629)(1,619)
Cash and due from banks2,822 2,678 
Other non-earning assets17,614 18,008 
$154,667 $152,867 
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings $12,183 4 0.13 $12,536 4 0.13 
Interest-bearing checking23,599 98 1.64 24,026 99 1.68 
Money market 35,051 247 2.80 34,368 239 2.79 
Time deposits15,427 158 4.09 15,455 160 4.16 
Total interest-bearing deposits (6)
86,260 507 2.34 86,385 502 2.34 
Federal funds purchased and securities sold under agreements to repurchase22 — 4.40 8 — 5.45 
Short-term borrowings641 10 5.42 962 13 5.49 
Long-term borrowings5,351 85 6.28 3,595 61 6.73 
Total interest-bearing liabilities92,274 602 2.59 90,950 576 2.55 
Non-interest-bearing deposits (6)
39,690 — — 40,516 — — 
Total funding sources131,964 602 1.81 131,466 576 1.76 
Net interest spread (2)
2.67 2.62 
Other liabilities4,623 4,655 
Shareholders’ equity18,047 16,713 
Noncontrolling interest33 33 
$154,667 $152,867 
Net interest income/margin FTE basis (2)
$1,230 3.54 %$1,198 3.51 %
_______
(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 $3 million for the quarter ended September 30, 2024 and $2 million for the quarter ended June 30, 2024.
(4) Interest income includes hedging expense of $98 million for the quarter ended September 30, 2024 and $103 million for the quarter ended June 30, 2024.
(5) Interest income includes hedging expense of $12 million for the quarter ended September 30, 2024 and $13 million for the quarter ended June 30, 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 and 1.59% for the quarter ended June 30, 2024.


10
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Consolidated Average Daily Balances and Yield/Rate Analysis (continued)
 Quarter Ended
 3/31/202412/31/20239/30/2023
($ 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 $— 5.44 %$1 $— 5.44 %$1 $— 5.32 %
Debt securities (2)(3)
31,494 209 2.66 31,144 192 2.47 31,106 185 2.38 
Loans held for sale499 8 6.40 459 9 8.15 910 14 5.99 
Loans, net of unearned income:
Commercial and industrial (4)
50,090 750 5.99 50,939 784 6.08 51,721 804 6.14 
Commercial real estate mortgage—owner-occupied (5)
4,833 56 4.58 4,864 58 4.68 4,824 58 4.72 
Commercial real estate construction—owner-occupied298 4 5.79 272 4 5.77 276 4 5.74 
Commercial investor real estate mortgage6,558 117 7.05 6,574 119 7.09 6,333 113 6.95 
Commercial investor real estate construction2,275 46 7.97 2,198 45 7.97 2,284 46 7.84 
Residential first mortgage20,188 191 3.79 20,132 187 3.72 19,914 179 3.59 
Home equity5,605 95 6.77 5,663 96 6.82 5,688 94 6.63 
Consumer credit card1,315 50 15.21 1,295 50 15.29 1,245 48 15.57 
Other consumer—exit portfolios35 — 1.67 110 1 1.09 384 6 6.35 
Other consumer6,223 125 8.08 6,246 126 7.95 6,116 123 7.93 
Total loans, net of unearned income 97,420 1,434 5.88 98,293 1,470 5.92 98,785 1,475 5.91 
Interest-bearing deposits in other banks4,754 68 5.69 5,753 80 5.56 6,374 90 5.56 
Other earning assets1,339 18 5.49 1,336 13 3.66 1,465 15 4.09 
Total earning assets
135,507 1,737 5.12 136,986 1,764 5.10 138,641 1,779 5.08 
Unrealized gains/(losses) on debt securities available for sale, net (2)
(3,042)(3,788)(3,626)
Allowance for loan losses(1,596)(1,540)(1,526)
Cash and due from banks2,581 2,242 2,165 
Other non-earning assets17,994 17,838 17,830 
$151,444 $151,738 $153,484 
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings $12,594 4 0.13 $12,858 3 0.11 $13,715 4 0.12 
Interest-bearing checking24,682 106 1.72 23,128 91 1.56 22,499 74 1.31 
Money market 33,646 227 2.72 33,216 215 2.57 32,146 179 2.20 
Time deposits15,278 158 4.16 14,045 140 3.95 12,112 110 3.59 
Total interest-bearing deposits (6)
86,200 495 2.31 83,247 449 2.14 80,472 367 1.81 
Federal funds purchased and securities sold under agreements to repurchase8 — 5.40 27 1 5.51 8 — 5.46 
Short-term borrowings77 1 5.56 652 9 5.58 2,794 39 5.48 
Long-term borrowings2,405 44 7.26 3,627 61 6.57 4,295 69 6.31 
Total interest-bearing liabilities 88,690 540 2.45 87,553 520 2.36 87,569 475 2.15 
Non-interest-bearing deposits (6)
40,926 — — 43,167 — — 44,748 — — 
Total funding sources129,616 540 1.67 130,720 520 1.58 132,317 475 1.42 
Net interest spread (2)
2.68 2.75 2.93 
Other liabilities4,663 4,717 4,677 
Shareholders’ equity17,121 16,274 16,468 
Noncontrolling interest44 27 22 
$151,444 $151,738 $153,484 
Net interest income/margin FTE basis (2)
$1,197 3.55 %$1,244 3.60 %$1,304 3.73 %
_______
(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 hedge income of $2 million for the quarter ended March 31, 2024 and hedge 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, $95 million for the quarter ended December 31, 2023 and $73 million for the quarter ended September 30, 2023.
(5) Interest income includes hedging expense of $13 million for the quarter ended March 31, 2024, $12 million for the quarter ended December 31, 2023 and $9 million for the quarter ended September 30, 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, 1.41% for the quarter ended December 31, 2023 and 1.16% for the quarter ended September 30, 2023.



11
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third 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)9/30/20246/30/20243/31/202412/31/20239/30/20233Q24 vs. 2Q243Q24 vs. 3Q23
Net income available to common shareholders (GAAP)$446 $477 $343 $367 $465 $(31)(6.5)%$(19)(4.1)%
Preferred dividends and other (GAAP) (1)
44 24 25 24 25 20 83.3 %19 76.0 %
Income tax expense (GAAP)118 124 96 80 129 (6)(4.8)%(11)(8.5)%
Income before income taxes (GAAP)608 625 464 471 619 (17)(2.7)%(11)(1.8)%
Provision for credit losses (GAAP)113 102 152 155 145 11 10.8 %(32)(22.1)%
Pre-tax pre-provision income (non-GAAP)721 727 616 626 764 (6)(0.8)%(43)(5.6)%
Other adjustments:
Securities (gains) losses, net78 50 50 2 1 28 56.0 %77 NM
Leveraged lease termination gains, net— — — (1)— — NM— NM
FDIC insurance special assessment (2)
(4)4 18 119 — (8)(200.0)%(4)NM
Salaries and employee benefits—severance charges3 4 13 28 3 (1)(25.0)%— — %
Branch consolidation, property and equipment charges— 1 1 3 1 (1)(100.0)%(1)(100.0)%
Early extinguishment of debt— — — (4)— — NM— NM
Other miscellaneous expenses (3)
— (37)— — — 37 100.0 %— NM
Professional, legal and regulatory expenses1 — 2 1 — 1 NM1 NM
Total other adjustments78 22 84 148 5 56 254.5 %73 NM
Adjusted pre-tax pre-provision income (non-GAAP)$799 $749 $700 $774 $769 $50 6.7 %$30 3.9 %
______
NM - Not meaningful
(1) The third quarter of 2024 amount includes $15 million of Series B preferred stock issuance costs, which reduced net income available to common shareholders when the shares were redeemed during the third quarter of 2024.
(2) The third quarter 2024 amount reflects 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.





12
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Non-Interest Income
 Quarter Ended
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/20233Q24 vs. 2Q243Q24 vs. 3Q23
Service charges on deposit accounts$158 $151 $148 $143 $142 $7 4.6 %$16 11.3 %
Card and ATM fees118 120 116 127 126 (2)(1.7)%(8)(6.3)%
Wealth management income128 122 119 117 112 6 4.9 %16 14.3 %
Capital markets income (1)
92 68 91 48 64 24 35.3 %28 43.8 %
Mortgage income36 34 41 31 28 2 5.9 %8 28.6 %
Commercial credit fee income 28 28 27 27 24 — — %4 16.7 %
Bank-owned life insurance28 30 23 22 20 (2)(6.7)%8 40.0 %
Market value adjustments on employee benefit assets (2)
13 2 15 12 4 11 NM9 225.0 %
Securities gains (losses), net(78)(50)(50)(2)(1)(28)(56.0)%(77)NM
Other miscellaneous income49 40 33 55 47 9 22.5 %2 4.3 %
Total non-interest income$572 $545 $563 $580 $566 $27 5.0 %$6 1.1 %
Mortgage Income
Quarter Ended
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/20233Q24 vs. 2Q243Q24 vs. 3Q23
Production and sales$16 $16 $24 $9 $10 $— — %$6 60.0 %
Loan servicing53 46 44 46 42 7 15.2 %11 26.2 %
MSR and related hedge impact:
MSRs fair value increase (decrease) due to change in valuation inputs or assumptions(28)13 19 (24)45 (41)(315.4)%(73)(162.2)%
MSRs hedge gain (loss)28 (10)(17)29 (41)38 380.0 %69 168.3 %
MSRs change due to payment decay(33)(31)(29)(29)(28)(2)(6.5)%(5)(17.9)%
MSR and related hedge impact(33)(28)(27)(24)(24)(5)(17.9)%(9)(37.5)%
Total mortgage income$36 $34 $41 $31 $28 $2 5.9 %$8 28.6 %
Mortgage production - portfolio$468 $528 $354 $475 $762 $(60)(11.4)%$(294)(38.6)%
Mortgage production - agency/secondary market548 514 399 349 408 34 6.6 %140 34.3 %
Total mortgage production$1,016 $1,042 $753 $824 $1,170 $(26)(2.5)%$(154)(13.2)%
Mortgage production - purchased85.5 %90.7 %90.0 %90.8 %90.7 %
Mortgage production - refinanced14.5 %9.3 %10.0 %9.2 %9.3 %
 
Wealth Management Income
Quarter Ended
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/20233Q24 vs. 2Q243Q24 vs. 3Q23
Investment management and trust fee income$85 $83 $81 $81 $79 $2 2.4 %$6 7.6 %
Investment services fee income43 39 38 36 33 4 10.3 %10 30.3 %
Total wealth management income (3)
$128 $122 $119 $117 $112 $6 4.9 %$16 14.3 %
Capital Markets Income
Quarter Ended
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/20233Q24 vs. 2Q243Q24 vs. 3Q23
Capital markets income$92 $68 $91 $48 $64 $24 35.3 %$28 43.8 %
Less: Valuation adjustments on customer derivatives (4)
(1)(2)(2)(5)(3)1 50.0 %2 66.7 %
Capital markets income excluding valuation adjustments $93 $70 $93 $53 $67 $23 32.9 %$26 38.8 %
_________
NM - Not Meaningful
(1)Capital markets income primarily relates to capital raising activities that includes debt securities underwriting and placement, loan syndication and placement, as well as foreign exchange, derivative and merger and acquisition advisory services.
(2)These market value adjustments relate to assets held for employee and director benefits that are offset within salaries and employee benefits expense and other non-interest expense.
(3)Total wealth management income presented above does not include the portion of service charges on deposit accounts and similar smaller dollar amounts that are also attributable to the wealth management segment.
(4)For the purposes of determining the fair value of customer derivatives, the Company considers the risk of nonperformance by counterparties, as well as the Company's own risk of nonperformance. The valuation adjustments above are reflective of the values associated with these considerations.
13
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Non-Interest Income
($ amounts in millions)Nine Months EndedYear-to-Date Change 9/30/2024 vs. 9/30/2023
9/30/20249/30/2023AmountPercent
Service charges on deposit accounts$457 $449 $8 1.8 %
Card and ATM fees354 377 (23)(6.1)%
Wealth management income369 334 35 10.5 %
Capital markets income (1)
251 174 77 44.3 %
Mortgage income111 78 33 42.3 %
Commercial credit fee income 83 78 5 6.4 %
Bank-owned life insurance81 56 25 44.6 %
Market value adjustments on employee benefit assets (2)
30 3 27 NM
Securities gains (losses), net(178)(3)(175)NM
Other miscellaneous income122 130 (8)(6.2)%
Total non-interest income$1,680 $1,676 $4 0.2 %
Mortgage Income
Nine Months EndedYear-to-Date Change 9/30/2024 vs. 9/30/2023
($ amounts in millions)9/30/20249/30/2023AmountPercent
Production and sales$56 $41 $15 36.6 %
Loan servicing143 119 24 20.2 %
MSR and related hedge impact:
MSRs fair value increase (decrease) due to change in valuation inputs or assumptions4 41 (37)(90.2)%
MSRs hedge gain (loss)1 (44)45 102.3 %
MSRs change due to payment decay(93)(79)(14)(17.7)%
MSR and related hedge impact(88)(82)(6)(7.3)%
Total mortgage income$111 $78 $33 42.3 %
Mortgage production - portfolio$1,350 $2,312 $(962)(41.6)%
Mortgage production - agency/secondary market1,461 1,160 301 25.9 %
Total mortgage production $2,811 $3,472 $(661)(19.0)%
Mortgage production - purchased88.7 %90.3 %
Mortgage production - refinanced11.3 %9.7 %
Wealth Management Income
Nine Months EndedYear-to-Date Change 9/30/2024 vs. 9/30/2023
($ amounts in millions)9/30/20249/30/2023AmountPercent
Investment management and trust fee income$249 $232 $17 7.3 %
Investment services fee income120 102 18 17.6 %
Total wealth management income (3)
$369 $334 $35 10.5 %
Capital Markets Income
Nine Months EndedYear-to-Date Change 9/30/2024 vs. 9/30/2023
($ amounts in millions)9/30/20249/30/2023AmountPercent
Capital markets income$251 $174 $77 44.3 %
Less: Valuation adjustments on customer derivatives (4)
(5)(45)40 88.9 %
Capital markets income excluding valuation adjustments $256 $219 $37 16.9 %
_________
NM - Not Meaningful
(1)Capital markets income primarily relates to capital raising activities that includes debt securities underwriting and placement, loan syndication and placement, as well as foreign exchange, derivative and merger and acquisition advisory services.
(2)These market value adjustments relate to assets held for employee and director benefits that are offset within salaries and employee benefits expense and other non-interest expense.
(3)Total wealth management income presented above does not include the portion of service charges on deposit accounts and similar smaller dollar amounts that are also attributable to the wealth management segment.
(4)For the purposes of determining the fair value of customer derivatives, the Company considers the risk of nonperformance by counterparties, as well as the Company's own risk of nonperformance. The valuation adjustments above are reflective of the values associated with these considerations.
14
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Non-Interest Expense
Quarter Ended
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/20233Q24 vs. 2Q243Q24 vs. 3Q23
Salaries and employee benefits$645 $609 $658 $608 $589 $36 5.9 %$56 9.5 %
Equipment and software expense101 100 101 102 107 1 1.0 %(6)(5.6)%
Net occupancy expense69 68 74 71 72 1 1.5 %(3)(4.2)%
Outside services41 40 39 43 39 1 2.5 %2 5.1 %
Marketing28 27 27 31 26 1 3.7 %2 7.7 %
Professional, legal and regulatory expenses 21 25 28 19 27 (4)(16.0)%(6)(22.2)%
Credit/checkcard expenses14 15 14 15 16 (1)(6.7)%(2)(12.5)%
FDIC insurance assessments (1)
17 29 43 147 27 (12)(41.4)%(10)(37.0)%
Visa class B shares expense17 5 4 6 5 12 240.0 %12 240.0 %
Early extinguishment of debt— — — (4)— — NM— NM
Operational losses (2)
19 18 42 29 75 1 5.6 %(56)(74.7)%
Branch consolidation, property and equipment charges — 1 1 3 1 (1)(100.0)%(1)(100.0)%
Other miscellaneous expenses97 67 100 115 109 30 44.8 %(12)(11.0)%
Total non-interest expense$1,069 $1,004 $1,131 $1,185 $1,093 $65 6.5 %$(24)(2.2)%
Nine Months EndedYear-to-Date Change 9/30/2024 vs. 9/30/2023
($ amounts in millions)9/30/20249/30/2023AmountPercent
Salaries and employee benefits $1,912 $1,808 $104 5.8 %
Equipment and software expense302 310 (8)(2.6)%
Net occupancy expense211 218 (7)(3.2)%
Outside services120 120 — — %
Marketing82 79 3 3.8 %
Professional, legal and regulatory expenses 74 66 8 12.1 %
Credit/checkcard expenses43 45 (2)(4.4)%
FDIC insurance assessments (1)
89 81 8 9.9 %
Visa class B shares expense26 22 4 18.2 %
Operational losses79 183 (104)(56.8)%
Branch consolidation, property and equipment charges 2 4 (2)(50.0)%
Other miscellaneous expenses264 295 (31)(10.5)%
Total non-interest expense$3,204 $3,231 $(27)(0.8)%
_________
NM - Not Meaningful
(1) Includes an FDIC special assessment accrual reduction of $4 million in the third quarter of 2024 and an expense of $4 million in the second quarter of 2024, $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 $53 million in the third quarter of 2023.
15
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
`    `Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures
Adjusted Efficiency Ratios, Adjusted Fee Income Ratios, Adjusted Non-Interest Income/Expense, Adjusted Operating Leverage Ratios, and Adjusted Total Revenue
The tables below present computations of the efficiency ratio, which is a measure of productivity, generally calculated as non-interest expense divided by total revenue; and the fee income ratio, generally calculated as non-interest income divided by total revenue. Management uses these ratios to monitor performance and believes these measures provide meaningful information to investors. Non-interest expense (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest expense (non-GAAP), which is the numerator for the adjusted efficiency ratio. Non-interest income (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest income (non-GAAP), which is the numerator for the adjusted fee income ratio. Net interest income and non-interest income are added together to arrive at total revenue. Adjustments are made to arrive at adjusted total revenue (non-GAAP). Net interest income on a taxable-equivalent basis and non-interest income are added together to arrive at total revenue on a taxable-equivalent basis. Adjustments are made to arrive at adjusted total revenue on a taxable-equivalent basis (non-GAAP), which is the denominator for the adjusted fee income and adjusted efficiency ratios. Also presented is a computation of the adjusted operating leverage ratio (non-GAAP) which is the period to period percentage change in adjusted total revenue on a taxable-equivalent basis (non-GAAP) less the percentage change in adjusted non-interest expense (non-GAAP).
 Quarter Ended
($ amounts in millions) 9/30/20246/30/20243/31/202412/31/20239/30/20233Q24 vs. 2Q243Q24 vs. 3Q23
Non-interest expense (GAAP)A$1,069 $1,004 $1,131 $1,185 $1,093 $65 6.5 %$(24)(2.2)%
Adjustments:
FDIC insurance special assessment4 (4)(18)(119)— 8 200.0 %4 NM
Branch consolidation, property and equipment charges — (1)(1)(3)(1)1 100.0 %1 100.0 %
Salaries and employee benefits—severance charges(3)(4)(13)(28)(3)1 25.0 %— — %
Early extinguishment of debt— — — 4 — — NM— NM
Professional, legal and regulatory expenses(1)— (2)(1)— (1)NM(1)NM
Other miscellaneous expenses (1)
— 37 — — — (37)(100.0)%— NM
Adjusted non-interest expense (non-GAAP)B$1,069 $1,032 $1,097 $1,038 $1,089 $37 3.6 %$(20)(1.8)%
Net interest income (GAAP)C$1,218 $1,186 $1,184 $1,231 $1,291 $32 2.7 %$(73)(5.7)%
Taxable-equivalent adjustment12 12 13 13 13 — — %(1)(7.7)%
Net interest income, taxable-equivalent basisD$1,230 $1,198 $1,197 $1,244 $1,304 $32 2.7 %$(74)(5.7)%
Non-interest income (GAAP)E$572 $545 $563 $580 $566 $27 5.0 %$6 1.1 %
Adjustments:
Securities (gains) losses, net78 50 50 2 1 28 56.0 %77 NM
Leveraged lease termination gains— — — (1)— — NM— NM
Adjusted non-interest income (non-GAAP)F$650 $595 $613 $581 $567 $55 9.2 %$83 14.6 %
Total revenueC+E=G$1,790 $1,731 $1,747 $1,811 $1,857 $59 3.4 %$(67)(3.6)%
Adjusted total revenue (non-GAAP)C+F=H$1,868 $1,781 $1,797 $1,812 $1,858 $87 4.9 %$10 0.5 %
Total revenue, taxable-equivalent basisD+E=I$1,802 $1,743 $1,760 $1,824 $1,870 $59 3.4 %$(68)(3.6)%
Adjusted total revenue, taxable-equivalent basis (non-GAAP)D+F=J$1,880 $1,793 $1,810 $1,825 $1,871 $87 4.9 %$9 0.5 %
Efficiency ratio (GAAP) (2)
A/I59.3 %57.6 %64.3 %65.0 %58.5 %
Adjusted efficiency ratio (non-GAAP) (2)
B/J56.9 %57.6 %60.6 %56.9 %58.2 %
Fee income ratio (GAAP) (2)
E/I31.7 %31.3 %32.0 %31.8 %30.3 %
Adjusted fee income ratio (non-GAAP) (2)
F/J34.6 %33.2 %33.9 %31.8 %30.3 %
________
NM - Not Meaningful
(1) In the second quarter of 2024, the Company had a contingent reserve release related to a previous acquisition.
(2) Amounts have been calculated using whole dollar values.






16
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third 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 (continued)
Nine Months Ended September 30
($ amounts in millions)202420232024 vs. 2023
Non-interest expense (GAAP)A$3,204 $3,231 $(27)(0.8)%
Adjustments:
FDIC insurance special assessment(18)— (18)NM
Branch consolidation, property and equipment charges(2)(4)2 50.0 %
Salaries and employee benefits—severance charges(20)(3)(17)NM
Professional, legal and regulatory expenses (3)— (3)NM
Other miscellaneous expenses (1)
$37 $— 37 NM
Adjusted non-interest expense (non-GAAP)B$3,198 $3,224 $(26)(0.8)%
Net interest income (GAAP) C$3,588 $4,089 $(501)(12.3)%
Taxable-equivalent adjustment37 38 (1)(2.6)%
Net interest income, taxable-equivalent basisD$3,625 $4,127 $(502)(12.2)%
Non-interest income (GAAP)E$1,680 $1,676 $4 0.2 %
Adjustments:
Securities (gains) losses, net178 3 175 NM
Leveraged lease termination gains— (1)1 100.0 %
Adjusted non-interest income (non-GAAP)F$1,858 $1,678 $180 10.7 %
Total revenueC+E= G$5,268 $5,765 $(497)(8.6)%
Adjusted total revenue (non-GAAP)C+F=H$5,446 $5,767 $(321)(5.6)%
Total revenue, taxable-equivalent basisD+E=I$5,305 $5,803 $(498)(8.6)%
Adjusted total revenue, taxable-equivalent basis (non-GAAP)D+F=J$5,483 $5,805 $(322)(5.5)%
Operating leverage ratio (GAAP) (2)
I-A(7.7)%
Adjusted operating leverage ratio (non-GAAP) (2)
J-B(4.7)%
Efficiency ratio (GAAP) (2)
A/I60.4 %55.7 %
Adjusted efficiency ratio (non-GAAP) (2)
B/J58.3 %55.5 %
Fee income ratio (GAAP) (2)
E/I31.7 %28.9 %
Adjusted fee income ratio (non-GAAP) (2)
F/J33.9 %28.9 %
______
NM - Not Meaningful
(1) In the second quarter of 2024, the Company had a contingent reserve release related to a previous acquisition.
(2)Amounts have been calculated using whole dollar values.





17
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third 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)9/30/20246/30/20243/31/202412/31/20239/30/2023
RETURN ON AVERAGE TANGIBLE COMMON SHAREHOLDERS' EQUITY*
Net income available to common shareholders (GAAP)A$446 $477 $343 $367 $465 
Average shareholders' equity (GAAP)$18,047 $16,713 $17,121 $16,274 $16,468 
Less:
Average intangible assets (GAAP)5,916 5,925 5,934 5,944 5,955 
Average deferred tax liability related to intangibles (GAAP) (120)(115)(113)(109)(106)
Average preferred stock (GAAP)1,741 1,659 1,659 1,659 1,659 
Average tangible common shareholders' equity (non-GAAP)B$10,510 $9,244 $9,641 $8,780 $8,960 
Less: Average AOCI, after tax(2,448)(3,525)(3,113)(3,925)(3,684)
Average tangible common shareholders' equity excluding AOCI (non-GAAP)C$12,958 $12,769 $12,754 $12,705 $12,644 
Return on average tangible common shareholders' equity (non-GAAP) (1)
A/B16.87 %20.75 %14.31 %16.57 %20.58 %
Return on average tangible common shareholders' equity excluding AOCI (non-GAAP) (1)
A/C13.69 %15.02 %10.81 %11.45 %14.58 %
____
*Annualized
(1)Amounts have been calculated using whole dollar values.
Tangible Common Ratios
The following table provides a reconciliation of shareholders’ equity (GAAP) to tangible common shareholders’ equity (non-GAAP) and the calculations of the end of period “tangible common shareholders’ equity to tangible assets” and "tangible common book value per share" ratios (non-GAAP). Since analysts and banking regulators may assess Regions’ capital adequacy using tangible common shareholders' equity, management believes that it is useful to provide investors the ability to assess Regions’ capital adequacy on this same basis.
As of and for Quarter Ended
($ amounts in millions, except per share data)9/30/20246/30/20243/31/202412/31/20239/30/2023
TANGIBLE COMMON RATIOS
Shareholders’ equity (GAAP)A$18,676 $17,169 $17,044 $17,429 $16,100 
Less:
Preferred stock (GAAP)1,715 1,659 1,659 1,659 1,659 
Intangible assets (GAAP)5,911 5,920 5,929 5,938 5,949 
Deferred tax liability related to intangibles (GAAP)(122)(119)(114)(112)(108)
Tangible common shareholders’ equity (non-GAAP)B$11,172 $9,709 $9,570 $9,944 $8,600 
Total assets (GAAP)C$157,426 $154,052 $154,909 $152,194 $153,624 
Less:
Intangible assets (GAAP)5,911 5,920 5,929 5,938 5,949 
Deferred tax liability related to intangibles (GAAP)(122)(119)(114)(112)(108)
Tangible assets (non-GAAP)D$151,637 $148,251 $149,094 $146,368 $147,783 
Shares outstanding—end of quarterE911 915 918 924 939 
Total equity to total assets (GAAP) (1)
A/C11.86 %11.14 %11.00 %11.45 %10.48 %
Tangible common shareholders’ equity to tangible assets (non-GAAP) (1)
B/D7.37 %6.55 %6.42 %6.79 %5.82 %
Tangible common book value per share (non-GAAP) (1)
B/E$12.26 $10.61 $10.42 $10.77 $9.16 
____
(1)Amounts have been calculated using whole dollar values.
18
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Credit Quality
As of and for Quarter Ended
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/2023
Components:
Beginning allowance for loan losses (ALL)$1,621 $1,617 $1,576 $1,547 $1,472 
Loans charged-off:
Commercial and industrial70 60 62 41 53 
Commercial real estate mortgage—owner-occupied1 1 — 1 1 
Commercial real estate construction—owner-occupied— — — — — 
Total commercial71 61 62 42 54 
Commercial investor real estate mortgage12 — 5 — — 
Total investor real estate12 — 5 — — 
Residential first mortgage— — 1 — — 
Home equity—lines of credit1 1 1 — 1 
Home equity—closed-end— — — — 1 
Consumer credit card16 15 16 14 14 
Other consumer—exit portfolios (1)
— — 1 39 3 
Other consumer43 46 55 54 51 
Total consumer60 62 74 107 70 
Total143 123 141 149 124 
Recoveries of loans previously charged-off:
Commercial and industrial15 8 8 7 12 
Commercial real estate mortgage—owner-occupied— 1 — 1 1 
Commercial real estate construction—owner-occupied— 1 — — — 
Total commercial15 10 8 8 13 
Commercial investor real estate mortgage— 1 1 — — 
Total investor real estate— 1 1 — — 
Residential first mortgage1 1 1 — — 
Home equity—lines of credit1 2 2 1 1 
Home equity—closed-end— — — — 1 
Consumer credit card3 1 2 2 3 
Other consumer—exit portfolios— — 1 1 — 
Other consumer6 7 5 5 5 
Total consumer11 11 11 9 10 
Total26 22 20 17 23 
Net charge-offs (recoveries):
Commercial and industrial55 52 54 34 41 
Commercial real estate mortgage—owner-occupied1 — — — — 
Commercial real estate construction—owner-occupied— (1)— — — 
Total commercial56 51 54 34 41 
Commercial investor real estate mortgage12 (1)4 — — 
Total investor real estate12 (1)4 — — 
Residential first mortgage(1)(1)— — — 
Home equity—lines of credit— (1)(1)(1)— 
Home equity—closed-end— — — — — 
Consumer credit card13 14 14 12 11 
Other consumer—exit portfolios— — — 38 3 
Other consumer37 39 50 49 46 
Total consumer49 51 63 98 60 
Total117 101 121 132 101 
Provision for loan losses (1)
103 105 162 161 135 
Ending allowance for loan losses (ALL)1,607 1,621 1,617 1,576 1,547 
Beginning reserve for unfunded credit commitments111 114 124 130 120 
Provision for (benefit from) unfunded credit losses10 (3)(10)(6)10 
Ending reserve for unfunded commitments121 111 114 124 130 
Allowance for credit losses (ACL) at period end$1,728 $1,732 $1,731 $1,700 $1,677 
19
Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Credit Quality (continued)
As of and for Quarter Ended
($ amounts in millions)9/30/20246/30/20243/31/202412/31/20239/30/2023
Net loan charge-offs as a % of average loans, annualized (2):
Commercial and industrial0.44 %0.42 %0.43 %0.26 %0.31 %
Commercial real estate mortgage—owner-occupied0.09 %(0.03)%0.02 %(0.02)%0.04 %
Commercial real estate construction—owner-occupied(0.01)%(0.65)%(0.01)%(0.01)%(0.01)%
Total commercial0.41 %0.37 %0.40 %0.24 %0.29 %
Commercial investor real estate mortgage0.71 %(0.01)%0.21 %(0.01)%(0.01)%
Commercial investor real estate construction(0.01)%— %— %— %— %
Total investor real estate0.52 %— %0.15 %(0.01)%— %
Residential first mortgage(0.01)%(0.01)%(0.01)%— %— %
Home equity—lines of credit(0.08)%(0.13)%(0.10)%(0.05)%(0.07)%
Home equity—closed-end(0.01)%(0.02)%(0.02)%(0.02)%(0.02)%
Consumer credit card3.84 %4.00 %4.39 %3.98 %3.48 %
Other consumer—exit portfolios (1)
(0.67)%(5.01)%(4.03)%135.63 %3.14 %
Other consumer2.37 %2.57 %3.24 %3.13 %2.99 %
Total consumer0.58 %0.61 %0.76 %1.18 %0.71 %
Total0.48 %0.42 %0.50 %0.54 %0.40 %
Non-performing loans, excluding loans held for sale$821 $847 $906 $805 $642 
Non-performing loans held for sale7 — 3 3 2 
Non-performing loans, including loans held for sale828 847 909 808 644 
Foreclosed properties17 15 13 15 15 
Non-performing assets (NPAs)$845 $862 $922 $823 $659 
Loans past due > 90 days (3)
$183 $167 $147 $171 $140 
Criticized loans—business (4)
$4,692 $4,863 $4,978 $4,659 $4,167 
Credit Ratios (2):
ACL/Loans, net1.79 %1.78 %1.79 %1.73 %1.70 %
ALL/Loans, net1.66 %1.66 %1.67 %1.60 %1.56 %
Allowance for credit losses to non-performing loans, excluding loans held for sale210 %204 %191 %211 %261 %
Allowance for loan losses to non-performing loans, excluding loans held for sale196 %191 %179 %196 %241 %
Non-performing loans, excluding loans held for sale/Loans, net0.85 %0.87 %0.94 %0.82 %0.65 %
NPAs (ex. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale0.87 %0.88 %0.95 %0.84 %0.67 %
NPAs (inc. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale (3)
1.06 %1.06 %1.10 %1.01 %0.81 %
(1)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 $8 million associated with the sale.
(2)Amounts have been calculated using whole dollar values.
(3)Excludes guaranteed residential first mortgages that are 90+ days past due and still accruing. Refer to the footnotes on page 21 for amounts related to these loans.
(4)Business represents the combined total of commercial and investor real estate loans.
Allowance for Credit Losses
Nine Months Ended September 30
($ amounts in millions)20242023
Balance at January 1, as adjusted for change in accounting guidance$1,700 $1,544 
Net charge-offs339 265 
Provision for loan losses370 386 
Provision for unfunded credit losses(3)12 
Balance at end of year$1,728 $1,677 
Net loan charge-offs as a % of average loans, annualized (GAAP) (1)
0.47 %0.36 %
____
(1)     Amounts have been calculated using whole dollar values.

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)9/30/20246/30/20243/31/202412/31/20239/30/2023
Net loan charge-offs (GAAP)$117 $101 $121 $132 $101 
Less: charge-offs associated with the sale of loans— — — 35 — 
Adjusted net loan charge-offs (non-GAAP)$117 $101 $121 $97 $101 
Net loan charge-offs as a % of average loans, annualized (GAAP) (1)
0.48 %0.42 %0.50 %0.54 %0.40 %
Adjusted net loan charge-offs as a % of average loans, annualized (non-GAAP) (1)
0.48 %0.42 %0.50 %0.39 %0.40 %
______
(1)     Amounts have been calculated using whole dollar values.
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Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third Quarter 2024 Earnings Release
Non-Performing Loans (excludes loans held for sale)
 As of
($ amounts in millions, %'s calculated using whole dollar values)9/30/20246/30/20243/31/202412/31/20239/30/2023
Commercial and industrial$430 0.87 %$423 0.84 %$556 1.12 %$471 0.93 %$361 0.70 %
Commercial real estate mortgage—owner-occupied43 0.88 %43 0.90 %40 0.83 %36 0.74 %43 0.90 %
Commercial real estate construction—owner-occupied6 1.75 %9 2.34 %10 3.42 %8 3.12 %10 3.50 %
Total commercial479 0.87 %475 0.86 %606 1.11 %515 0.92 %414 0.73 %
Commercial investor real estate mortgage287 4.38 %317 4.85 %241 3.76 %233 3.53 %169 2.63 %
Total investor real estate287 3.26 %317 3.58 %241 2.75 %233 2.63 %169 1.94 %
Residential first mortgage23 0.11 %22 0.11 %22 0.11 %22 0.11 %24 0.12 %
Home equity—lines of credit26 0.85 %27 0.88 %31 0.97 %29 0.89 %29 0.91 %
Home equity—closed-end6 0.24 %6 0.23 %6 0.24 %6 0.23 %6 0.23 %
Total consumer55 0.17 %55 0.17 %59 0.18 %57 0.17 %59 0.18 %
Total non-performing loans$821 0.85 %$847 0.87 %$906 0.94 %$805 0.82 %$642 0.65 %

Early and Late Stage Delinquencies
Accruing 30-89 Days Past Due Loans
As of
($ amounts in millions, %'s calculated using whole dollar values)9/30/20246/30/20243/31/202412/31/20239/30/2023
Commercial and industrial $82 0.16 %$56 0.11 %$55 0.11 %$64 0.12 %$52 0.10 %
Commercial real estate mortgage—owner-occupied4 0.09 %4 0.09 %8 0.17 %5 0.10 %7 0.14 %
Commercial real estate construction—owner-occupied— 0.10 %— — %1 0.18 %1 0.48 %— — %
Total commercial86 0.16 %60 0.11 %64 0.12 %70 0.12 %59 0.10 %
Commercial investor real estate mortgage45 0.70 %10 0.16 %— — %— — %115 1.78 %
Total investor real estate45 0.52 %10 0.12 %— — %— — %115 1.31 %
Residential first mortgage—non-guaranteed (1)
115 0.58 %109 0.55 %105 0.53 %106 0.53 %95 0.48 %
Home equity—lines of credit24 0.77 %23 0.75 %28 0.89 %27 0.84 %33 1.02 %
Home equity—closed-end 12 0.50 %13 0.51 %13 0.54 %14 0.57 %11 0.46 %
Consumer credit card19 1.36 %18 1.34 %18 1.35 %19 1.43 %18 1.43 %
Other consumer—exit portfolios1 9.52 %2 8.16 %2 5.61 %3 5.86 %6 1.71 %
Other consumer67 1.08 %65 1.06 %70 1.13 %91 1.47 %80 1.30 %
Total consumer (1)
238 0.72 %230 0.84 %236 0.84 %260 0.92 %243 0.85 %
Total accruing 30-89 days past due loans (1)
$369 0.38 %$300 0.31 %$300 0.31 %$330 0.34 %$417 0.42 %
Accruing 90+ Days Past Due LoansAs of
($ amounts in millions, %'s calculated using whole dollar values)9/30/20246/30/20243/31/202412/31/20239/30/2023
Commercial and industrial$3 0.01 %$6 0.01 %$7 0.01 %$11 0.02 %$13 0.02 %
Commercial real estate mortgage—owner-occupied1 0.02 %1 0.03 %— 0.01 %— 0.01 %1 0.01 %
Total commercial4 0.01 %7 0.01 %7 0.01 %11 0.02 %14 0.02 %
Commercial investor real estate mortgage40 0.60 %23 0.35 %— — %23 0.35 %— — %
Total investor real estate40 0.45 %23 0.26 %— — %23 0.26 %— — %
Residential first mortgage—non-guaranteed (2)
75 0.38 %73 0.37 %69 0.35 %61 0.31 %58 0.30 %
Home equity—lines of credit16 0.52 %18 0.56 %19 0.60 %20 0.62 %16 0.49 %
Home equity—closed-end 7 0.27 %6 0.26 %7 0.29 %7 0.30 %7 0.29 %
Consumer credit card19 1.40 %18 1.36 %19 1.42 %20 1.45 %17 1.37 %
Other consumer—exit portfolios— 2.22 %— 1.42 %— 1.08 %— 0.81 %1 0.18 %
Other consumer22 0.36 %21 0.34 %26 0.42 %29 0.46 %27 0.44 %
Total consumer (2)
139 0.43 %136 0.53 %140 0.55 %137 0.51 %126 0.45 %
Total accruing 90+ days past due loans (2)
$183 0.19 %$166 0.17 %$147 0.15 %$171 0.17 %$140 0.14 %
Total delinquencies (1) (2)
$552 0.57 %$466 0.48 %$447 0.46 %$501 0.51 %$557 0.57 %
(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 9/30/2024, $50 million at 6/30/2024, $45 million at 3/31/2024, $46 million at 12/31/2023, and $43 million at 9/30/2023.
(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 $46 million at 9/30/2024, $40 million at 6/30/2024, $44 million at 3/31/2024, $34 million at 12/31/2023, and $23 million at 9/30/2023.
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Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third 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 legacy 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.
•Political uncertainty in the United States, including uncertainty around elections, could directly or indirectly impact 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
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Regions Financial Corporation and Subsidiaries                                
Financial Supplement (unaudited) to Third 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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