EX-99.23rf-2026331xexhibitx992.htmEX-99.2 Document
Exhibit 99.2
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited)
First Quarter 2026
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Table of Contents
Page
Financial Highlights
1
Selected Ratios and Other Information*
2
Consolidated Balance Sheets
3
Loans
4
Deposits
6
Consolidated Statements of Income
8
Consolidated Average Daily Balances and Yield / Rate Analysis
9
Pre-Tax Pre-Provision Income ("PPI")* and Adjusted PPI*
11
Non-Interest Income, Service Charges on Deposit Accounts by Segment, Wealth Management Income, Capital Markets Income, and Mortgage Income
12
Non-Interest Expense and Salaries and Benefits Expense
13
Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures*
Adjusted Efficiency Ratios, Adjusted Fee Income Ratios, Adjusted Non-Interest Income / Expense, Adjusted Operating Leverage Ratios, Adjusted Total Revenue, Adjusted Net Income Available to Common Shareholders, Adjusted Diluted EPS, Return Ratios, Tangible Common Ratios, and Common Equity Tier 1 (CET1) Ratios
14
Asset Quality
Allowance for Credit Losses, Net Charge-Offs and Related Ratios
17
Non-Performing Loans (excludes loans held for sale), Early and Late Stage Delinquencies
19
Forward-Looking Statements
20
*Use of non-GAAP financial measures
Regions believes that the presentation of non-GAAP financial measures provides a meaningful basis for period-to-period comparisons, which management believes will assist investors in assessing the performance of the Company on the same basis as that applied by management. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. Although non-GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools, and should not be considered in isolation, or as a substitute for analyses of results as reported under GAAP. In particular, a measure of earnings that excludes certain adjustments does not represent the amount that effectively accrues directly to shareholders.
Additionally, our non-GAAP financial measures may not be comparable to similar non-GAAP financial measures used by other companies and there is no certainty that we will not incur expenses in the future that are similar to those excluded in the calculations on non-GAAP financial measures presented herein.
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Financial Highlights
Quarter Ended
($ amounts in millions, except per share data)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Earnings Summary
Interest income - taxable equivalent
$
1,715
$
1,781
$
1,808
$
1,796
$
1,737
Interest expense - taxable equivalent
454
487
539
525
531
Net interest income - taxable equivalent
1,261
1,294
1,269
1,271
1,206
Less: Taxable-equivalent adjustment
13
13
12
12
12
Net interest income
1,248
1,281
1,257
1,259
1,194
Provision for credit losses
91
115
105
126
124
Net interest income after provision for credit losses
1,157
1,166
1,152
1,133
1,070
Non-interest income
625
640
659
646
590
Non-interest expense
1,068
1,098
1,103
1,073
1,039
Income before income taxes
714
708
708
706
621
Income tax expense
155
174
139
143
131
Net income
$
559
$
534
$
569
$
563
$
490
Net income available to common shareholders
$
539
$
514
$
548
$
534
$
465
Adjusted net income available to common shareholders (non-GAAP) (1)
$
539
$
504
$
561
$
538
$
487
Weighted-average shares outstanding—during quarter:
Basic
863
875
890
898
906
Diluted
868
880
894
900
910
Basic earnings per common share
$
0.63
$
0.59
$
0.62
$
0.59
$
0.51
Diluted earnings per common share
$
0.62
$
0.58
$
0.61
$
0.59
$
0.51
Adjusted diluted earnings per common share (non-GAAP) (1)
$
0.62
$
0.57
$
0.63
$
0.60
$
0.54
Balance Sheet Summary
At quarter-end
Loans, net of unearned income
$
97,926
$
95,637
$
96,125
$
96,723
$
95,733
Allowance for credit losses
(1,647
)
(1,686
)
(1,713
)
(1,743
)
(1,730
)
Assets
160,741
158,814
159,940
159,206
159,846
Deposits
131,880
131,128
130,334
130,919
130,971
Long-term borrowings
3,137
4,134
4,785
5,279
6,019
Shareholders' equity
18,779
19,043
19,049
18,666
18,530
Average balances
Loans, net of unearned income
$
96,423
$
95,651
$
96,647
$
96,077
$
96,122
Assets
159,287
158,107
159,089
157,974
156,876
Deposits
130,234
129,850
129,575
129,444
127,687
Long-term borrowings
3,750
4,524
5,527
5,660
6,001
Shareholders' equity
19,077
18,986
18,688
18,350
18,127
_____
(1) See reconciliation of these non-GAAP measures to the most directly comparable GAAP measures on page 15.
1
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Selected Ratios and Other Information
As of and for Quarter Ended
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Return on average assets* (1)
1.42
%
1.34
%
1.42
%
1.43
%
1.27
%
Return on average common shareholders' equity*
12.35
%
11.58
%
12.56
%
12.72
%
11.49
%
Return on average tangible common shareholders’ equity (non-GAAP)* (2)
18.26
%
17.17
%
18.81
%
19.34
%
17.72
%
Adjusted return on average tangible common shareholders' equity (non-GAAP) *(2)
18.26
%
16.84
%
19.24
%
19.48
%
18.58
%
Efficiency ratio
56.6
%
56.8
%
57.2
%
56.0
%
57.9
%
Adjusted efficiency ratio (non-GAAP) (2)
56.6
%
57.5
%
56.9
%
56.0
%
56.8
%
Dividend payout ratio (3)
42.3
%
44.8
%
43.0
%
42.0
%
48.6
%
Common book value per share
$
20.39
$
20.36
$
19.98
$
19.35
$
18.70
Tangible common book value per share (non-GAAP) (2)
$
13.69
$
13.75
$
13.49
$
12.91
$
12.29
Total shareholders' equity to total assets
11.68
%
11.99
%
11.91
%
11.72
%
11.59
%
Tangible common shareholders’ equity to tangible assets (non-GAAP) (2)
7.54
%
7.80
%
7.74
%
7.52
%
7.17
%
Common equity Tier 1 (4)
$
13,419
$
13,490
$
13,620
$
13,533
$
13,355
Total risk-weighted assets (4)
$
125,860
$
123,882
$
125,386
$
125,755
$
123,755
Common equity Tier 1 ratio (4)
10.7
%
10.9
%
10.9
%
10.8
%
10.8
%
Common equity Tier 1 ratio (inclusive of AOCI) (non-GAAP) (2)(4)
9.4
%
9.7
%
9.6
%
9.3
%
9.1
%
Tier 1 capital ratio (4)
11.7
%
12.0
%
12.0
%
11.9
%
12.2
%
Total risk-based capital ratio (4)
13.6
%
13.9
%
13.8
%
13.7
%
14.1
%
Leverage ratio (4)
9.6
%
9.7
%
9.7
%
9.7
%
9.8
%
Effective tax rate
21.6
%
24.5
%
19.7
%
20.3
%
21.1
%
Allowance for credit losses as a percentage of loans, net of unearned income
1.68
%
1.76
%
1.78
%
1.80
%
1.81
%
Allowance for credit losses to non-performing loans, excluding loans held for sale
238
%
242
%
226
%
225
%
205
%
Net interest margin (FTE)*
3.67
%
3.70
%
3.59
%
3.65
%
3.52
%
Loans, net of unearned income, to total deposits
74.3
%
72.9
%
73.8
%
73.9
%
73.1
%
Net charge-offs as a percentage of average loans*
0.54
%
0.59
%
0.55
%
0.47
%
0.52
%
Business criticized loans to total business loans
5.15
%
5.31
%
5.81
%
7.22
%
7.82
%
Non-performing loans, excluding loans held for sale, as a percentage of loans
0.71
%
0.73
%
0.79
%
0.80
%
0.88
%
Non-performing assets (excluding loans 90 days past due) as a percentage of loans, foreclosed properties, and non-performing loans held for sale
0.73
%
0.75
%
0.82
%
0.84
%
0.92
%
Non-performing assets (including loans 90 days past due) as a percentage of loans, foreclosed properties, and non-performing loans held for sale (5)
0.90
%
0.94
%
0.98
%
1.01
%
1.11
%
Associate headcount—full-time equivalent
19,910
19,969
19,675
19,642
19,541
ATMs
1,779
1,786
1,874
1,996
2,008
Branch Statistics
Full service
1,221
1,222
1,223
1,224
1,224
Drive-through/transaction service only
25
25
25
26
25
Total branch outlets
1,246
1,247
1,248
1,250
1,249
*Annualized
(1)Calculated by dividing net income by average assets.
(2)See reconciliation of these non-GAAP measures to the most directly comparable GAAP measures on pages 11, 14, 15, and 16.
(3)Dividend payout ratio reflects dividends declared within the applicable period.
(4)Current quarter Common equity Tier 1 as well as Total risk-weighted assets, Tier 1 capital, Total risk-based capital and Leverage ratios are estimated.
(5)Excludes guaranteed residential first mortgages that are 90+ days past due and still accruing. Refer to the footnotes on page 19 for amounts related to these loans.
2
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Consolidated Balance Sheets
As of
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Assets:
Cash and due from banks
$
3,445
$
3,112
$
3,073
$
3,245
$
3,287
Interest-bearing deposits in other banks
7,698
7,795
9,026
7,930
11,029
Debt securities held to maturity
5,434
5,606
5,769
5,972
5,195
Debt securities available for sale
27,419
27,560
26,886
26,333
25,942
Loans held for sale
464
511
573
594
345
Loans, net of unearned income
97,926
95,637
96,125
96,723
95,733
Allowance for loan losses
(1,527)
(1,556)
(1,581)
(1,612)
(1,613)
Net loans
96,399
94,081
94,544
95,111
94,120
Other earning assets
1,635
1,703
1,513
1,682
1,412
Premises and equipment, net
1,666
1,659
1,742
1,755
1,726
Interest receivable
569
571
574
574
583
Goodwill
5,733
5,733
5,733
5,733
5,733
Residential mortgage servicing rights at fair value (MSRs)
954
970
976
988
979
Other identifiable intangible assets, net
133
140
146
153
161
Other assets
9,192
9,373
9,385
9,136
9,334
Total assets
$
160,741
$
158,814
$
159,940
$
159,206
$
159,846
Liabilities and Equity:
Deposits:
Non-interest-bearing
$
40,062
$
39,530
$
39,768
$
40,209
$
40,443
Interest-bearing
91,818
91,598
90,566
90,710
90,528
Total deposits
131,880
131,128
130,334
130,919
130,971
Borrowed funds:
Federal funds purchased and securities sold under agreements to repurchase
1,200
—
—
—
—
Other short-term borrowings
2,000
750
1,300
—
—
Short-term borrowings
3,200
750
1,300
—
—
Long-term borrowings
3,137
4,134
4,785
5,279
6,019
Other liabilities
3,680
3,699
4,426
4,302
4,289
Total liabilities
141,897
139,711
140,845
140,500
141,279
Equity:
Preferred stock, non-cumulative perpetual
1,369
1,369
1,369
1,369
1,715
Common stock
9
9
9
9
9
Additional paid-in capital
9,973
10,366
10,780
11,017
11,161
Retained earnings
10,517
10,205
9,922
9,609
9,299
Treasury stock, at cost
(1,371)
(1,371)
(1,371)
(1,371)
(1,371)
Accumulated other comprehensive income (loss), net
(1,718)
(1,535)
(1,660)
(1,967)
(2,283)
Total shareholders’ equity
18,779
19,043
19,049
18,666
18,530
Noncontrolling interest
65
60
46
40
37
Total equity
18,844
19,103
19,095
18,706
18,567
Total liabilities and equity
$
160,741
$
158,814
$
159,940
$
159,206
$
159,846
3
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
End of Period Loans
As of
3/31/2026
3/31/2026
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
vs. 12/31/2025
vs. 3/31/2025
Commercial and industrial
$
50,824
$
48,790
$
49,234
$
49,586
$
48,879
$
2,034
4.2
%
$
1,945
4.0
%
Commercial real estate mortgage—owner-occupied
5,004
4,845
4,835
4,890
4,849
159
3.3
%
155
3.2
%
Commercial real estate construction—owner-occupied
261
263
285
275
316
(2)
(0.8)
%
(55)
(17.4)
%
Total commercial
56,089
53,898
54,354
54,751
54,044
2,191
4.1
%
2,045
3.8
%
Commercial investor real estate mortgage
7,706
7,172
7,122
6,949
6,376
534
7.4
%
1,330
20.9
%
Commercial investor real estate construction
1,938
1,934
1,948
2,149
2,457
4
0.2
%
(519)
(21.1)
%
Total investor real estate
9,644
9,106
9,070
9,098
8,833
538
5.9
%
811
9.2
%
Total business
65,733
63,004
63,424
63,849
62,877
2,729
4.3
%
2,856
4.5
%
Residential first mortgage
19,621
19,765
19,881
20,020
20,000
(144)
(0.7)
%
(379)
(1.9)
%
Home equity—lines of credit (1)
3,210
3,232
3,209
3,184
3,130
(22)
(0.7)
%
80
2.6
%
Home equity—closed-end (2)
2,287
2,324
2,340
2,352
2,371
(37)
(1.6)
%
(84)
(3.5)
%
Consumer credit card
1,472
1,519
1,437
1,415
1,384
(47)
(3.1)
%
88
6.4
%
Other consumer (3)
5,603
5,793
5,834
5,903
5,971
(190)
(3.3)
%
(368)
(6.2)
%
Total consumer
32,193
32,633
32,701
32,874
32,856
(440)
(1.3)
%
(663)
(2.0)
%
Total Loans
$
97,926
$
95,637
$
96,125
$
96,723
$
95,733
$
2,289
2.4
%
$
2,193
2.3
%
______
(1) The balance of Regions' home equity lines of credit consists of $1,389 million of first lien and $1,821 million of second lien at 3/31/2026.
(2) The balance of Regions' closed-end home equity loans consists of $1,708 million of first lien and $579 million of second lien at 3/31/2026.
(3) Other consumer loans also include Regions' Home Improvement Financing portfolio balances of $4.8 billion at 3/31/2026, $4.9 billion at 12/31/2025, $5.0 billion at 9/30/2025, $5.0 billion at 6/30/2025 and $5.1 billion at 3/31/2025.
As of
End of Period Loans by Percentage(1)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Commercial and industrial
51.9
%
51.0
%
51.2
%
51.3
%
51.1
%
Commercial real estate mortgage—owner-occupied
5.1
%
5.1
%
5.0
%
5.1
%
5.1
%
Commercial real estate construction—owner-occupied
0.3
%
0.3
%
0.3
%
0.3
%
0.3
%
Total commercial
57.3
%
56.4
%
56.5
%
56.6
%
56.5
%
Commercial investor real estate mortgage
7.8
%
7.5
%
7.4
%
7.2
%
6.7
%
Commercial investor real estate construction
2.0
%
2.0
%
2.0
%
2.2
%
2.6
%
Total investor real estate
9.8
%
9.5
%
9.4
%
9.4
%
9.2
%
Total business
67.1
%
65.9
%
66.0
%
66.0
%
65.7
%
Residential first mortgage
20.1
%
20.7
%
20.7
%
20.7
%
20.9
%
Home equity—lines of credit
3.3
%
3.4
%
3.3
%
3.3
%
3.3
%
Home equity—closed-end
2.3
%
2.4
%
2.4
%
2.4
%
2.5
%
Consumer credit card
1.5
%
1.6
%
1.5
%
1.5
%
1.4
%
Other consumer
5.7
%
6.1
%
6.1
%
6.1
%
6.2
%
Total consumer
32.9
%
34.1
%
34.0
%
34.0
%
34.3
%
Total Loans
100.0
%
100.0
%
100.0
%
100.0
%
100.0
%
(1)Amounts have been calculated using whole dollar values, and therefore such amounts may not add to total amounts.
4
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Average Balances of Loans
Average Balances
($ amounts in millions)
1Q26
4Q25
3Q25
2Q25
1Q25
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Commercial and industrial
$
49,572
$
48,769
$
49,588
$
49,033
$
49,209
$
803
1.6
%
$
363
0.7
%
Commercial real estate mortgage—owner-occupied
4,887
4,866
4,860
4,900
4,863
21
0.4
%
24
0.5
%
Commercial real estate construction—owner-occupied
259
260
274
270
317
(1)
(0.4)
%
(58)
(18.3)
%
Total commercial
54,718
53,895
54,722
54,203
54,389
823
1.5
%
329
0.6
%
Commercial investor real estate mortgage
7,381
7,210
7,087
6,805
6,484
171
2.4
%
897
13.8
%
Commercial investor real estate construction
1,946
1,906
2,051
2,204
2,267
40
2.1
%
(321)
(14.2)
%
Total investor real estate
9,327
9,116
9,138
9,009
8,751
211
2.3
%
576
6.6
%
Total business
64,045
63,011
63,860
63,212
63,140
1,034
1.6
%
905
1.4
%
Residential first mortgage
19,674
19,822
19,944
19,992
20,037
(148)
(0.7)
%
(363)
(1.8)
%
Home equity—lines of credit
3,216
3,219
3,197
3,168
3,135
(3)
(0.1)
%
81
2.6
%
Home equity—closed-end
2,298
2,327
2,341
2,357
2,374
(29)
(1.2)
%
(76)
(3.2)
%
Consumer credit card
1,473
1,458
1,420
1,397
1,394
15
1.0
%
79
5.7
%
Other consumer (1)
5,717
5,814
5,885
5,951
6,042
(97)
(1.7)
%
(325)
(5.4)
%
Total consumer
32,378
32,640
32,787
32,865
32,982
(262)
(0.8)
%
(604)
(1.8)
%
Total Loans
$
96,423
$
95,651
$
96,647
$
96,077
$
96,122
$
772
0.8
%
$
301
0.3
%
________
(1) Other consumer loans also include Regions' Home Improvement Financing portfolio balances of $4.8 billion at 3/31/2026, $4.9 billion at 12/31/2025, $5.0 billion at 9/30/2025, $5.1 billion at 6/30/2025 and $5.1 billion at 3/31/2025.
5
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
End of Period Deposits
As of
3/31/2026
3/31/2026
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
vs. 12/31/2025
vs. 3/31/2025
Non-interest-bearing deposits
$
40,062
$
39,530
$
39,768
$
40,209
$
40,443
$
532
1.3%
$
(381)
(0.9)%
Interest-bearing checking
25,017
25,677
24,669
24,704
25,281
(660)
(2.6)%
(264)
(1.0)%
Savings
12,405
11,914
11,944
12,187
12,466
491
4.1%
(61)
(0.5)%
Money market—domestic
41,288
40,119
39,051
38,525
37,289
1,169
2.9%
3,999
10.7%
Time deposits
13,108
13,888
14,902
15,294
15,492
(780)
(5.6)%
(2,384)
(15.4)%
Total Deposits
$
131,880
$
131,128
$
130,334
$
130,919
$
130,971
$
752
0.6%
$
909
0.7%
As of
3/31/2026
3/31/2026
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
vs. 12/31/2025
vs. 3/31/2025
Consumer Bank Segment
$
81,271
$
80,193
$
79,689
$
79,953
$
80,627
$
1,078
1.3%
$
644
0.8%
Corporate Bank Segment
40,574
40,449
40,415
40,101
39,696
125
0.3%
878
2.2%
Wealth Management Segment
7,750
8,344
7,654
7,352
7,798
(594)
(7.1)%
(48)
(0.6)%
Other (1)
2,285
2,142
2,576
3,513
2,850
143
6.7%
(565)
(19.8)%
Total Deposits
$
131,880
$
131,128
$
130,334
$
130,919
$
130,971
$
752
0.6%
$
909
0.7%
As of
3/31/2026
3/31/2026
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
vs. 12/31/2025
vs. 3/31/2025
Wealth Management - Private Wealth
$
6,741
$
7,149
$
6,698
$
6,433
$
6,931
$
(408)
(5.7)%
$
(190)
(2.7)%
Wealth Management - Institutional Services
1,009
1,195
956
919
867
(186)
(15.6)%
142
16.4%
Total Wealth Management Segment Deposits
$
7,750
$
8,344
$
7,654
$
7,352
$
7,798
$
(594)
(7.1)%
$
(48)
(0.6)%
As of
End of Period Deposits by Percentage
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Non-interest-bearing deposits
30.4
%
30.1
%
30.5
%
30.7
%
30.9
%
Interest-bearing checking
19.0
%
19.6
%
18.9
%
18.9
%
19.3
%
Savings
9.4
%
9.1
%
9.2
%
9.3
%
9.5
%
Money market—domestic
31.3
%
30.6
%
30.0
%
29.4
%
28.5
%
Time deposits
9.9
%
10.6
%
11.4
%
11.7
%
11.8
%
Total Deposits
100.0
%
100.0
%
100.0
%
100.0
%
100.0
%
(1)Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, selected deposits and brokered time deposits) and additional wholesale funding arrangements. Other deposits includes brokered deposits totaling $1.5 billion at 3/31/2026, $1.3 billion at 12/31/2025, $1.8 billion at 9/30/2025, $2.8 billion at 6/30/2025 and $2.2 billion at 3/31/2025.
6
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Average Balances of Deposits
Average Balances
($ amounts in millions)
1Q26
4Q25
3Q25
2Q25
1Q25
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Non-interest-bearing deposits
$
39,160
$
39,459
$
39,538
$
39,556
$
39,053
$
(299)
(0.8)
%
$
107
0.3
%
Interest-bearing checking
25,245
24,528
24,274
24,865
25,033
717
2.9
%
212
0.8
%
Savings
12,075
11,876
12,046
12,300
12,177
199
1.7
%
(102)
(0.8)
%
Money market—domestic
40,366
39,591
38,593
37,389
35,625
775
2.0
%
4,741
13.3
%
Time deposits
13,388
14,396
15,124
15,334
15,799
(1,008)
(7.0)
%
(2,411)
(15.3)
%
Total Deposits
$
130,234
$
129,850
$
129,575
$
129,444
$
127,687
$
384
0.3
%
2,547
2.0
%
Average Balances
($ amounts in millions)
1Q26
4Q25
3Q25
2Q25
1Q25
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Consumer Bank Segment
$
79,599
$
79,437
$
79,698
$
79,912
$
78,712
$
162
0.2
%
$
887
1.1
%
Corporate Bank Segment
40,707
40,243
39,733
39,234
38,312
464
1.2
%
2,395
6.3
%
Wealth Management Segment
7,777
7,810
7,262
7,324
7,600
(33)
(0.4)
%
177
2.3
%
Other (1)
2,151
2,360
2,882
2,974
3,063
(209)
(8.9)
%
(912)
(29.8)
%
Total Deposits
$
130,234
$
129,850
$
129,575
$
129,444
$
127,687
$
384
0.3
%
$
2,547
2.0
%
Average Balances
($ amounts in millions)
1Q26
4Q25
3Q25
2Q25
1Q25
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Wealth Management - Private Wealth
$
6,747
$
6,719
$
6,604
$
6,705
$
6,897
$
28
0.4
%
$
(150)
(2.2)
%
Wealth Management - Institutional Services
1,030
1,091
658
619
703
(61)
(5.6)
%
327
46.5
%
Total Wealth Management Segment Deposits
$
7,777
$
7,810
$
7,262
$
7,324
$
7,600
$
(33)
(0.4)
%
$
177
2.3
%
(1)Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, selected deposits and brokered time deposits) and additional wholesale funding arrangements.
7
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Consolidated Statements of Income (unaudited)
Quarter Ended
($ amounts in millions, except per share data)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Interest income on:
Loans, including fees
$
1,313
$
1,358
$
1,386
$
1,377
$
1,342
Debt securities
298
300
293
286
266
Loans held for sale
8
9
9
9
8
Other earning assets
83
101
108
112
109
Total interest income
1,702
1,768
1,796
1,784
1,725
Interest expense on:
Deposits
385
421
456
447
442
Short-term borrowings
17
4
8
1
4
Long-term borrowings
52
62
75
77
85
Total interest expense
454
487
539
525
531
Net interest income
1,248
1,281
1,257
1,259
1,194
Provision for credit losses
91
115
105
126
124
Net interest income after provision for credit losses
1,157
1,166
1,152
1,133
1,070
Non-interest income:
Service charges on deposit accounts
163
163
160
151
161
Card and ATM fees
117
123
122
125
117
Wealth management income
141
143
139
133
129
Capital markets income
84
80
104
83
80
Mortgage income
32
32
38
48
40
Securities gains (losses), net
(3)
—
(27)
(1)
(25)
Other
91
99
123
107
88
Total non-interest income
625
640
659
646
590
Non-interest expense:
Salaries and employee benefits
659
662
671
658
625
Equipment and software expense
108
112
106
104
99
Net occupancy expense
72
74
72
72
70
Other
229
250
254
239
245
Total non-interest expense
1,068
1,098
1,103
1,073
1,039
Income before income taxes
714
708
708
706
621
Income tax expense
155
174
139
143
131
Net income
$
559
$
534
$
569
$
563
$
490
Net income available to common shareholders
$
539
$
514
$
548
$
534
$
465
Weighted-average shares outstanding—during quarter:
Basic
863
875
890
898
906
Diluted
868
880
894
900
910
Actual shares outstanding—end of quarter
854
868
885
894
899
Earnings per common share: (1)
Basic
$
0.63
$
0.59
$
0.62
$
0.59
$
0.51
Diluted
$
0.62
$
0.58
$
0.61
$
0.59
$
0.51
Taxable-equivalent net interest income
$
1,261
$
1,294
$
1,269
$
1,271
$
1,206
________
(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 2026 Earnings Release
Consolidated Average Daily Balances and Yield/Rate Analysis
Quarter Ended
3/31/2026
12/31/2025
($ amounts in millions; yields on taxable-equivalent basis)
Average Balance
Income/ Expense
Yield/ Rate (1)
Average Balance
Income/ Expense
Yield/ Rate (1)
Assets
Earning assets:
Debt securities (2)(3)
$
33,530
$
298
3.56
%
$
33,464
$
300
3.58
%
Loans held for sale
579
8
5.48
642
9
5.73
Loans, net of unearned income:
Commercial and industrial (4)
49,572
665
5.37
48,769
688
5.53
Commercial real estate mortgage—owner-occupied (5)
4,887
63
5.14
4,866
65
5.16
Commercial real estate construction—owner-occupied
259
4
5.60
260
3
5.72
Commercial investor real estate mortgage
7,381
106
5.72
7,210
116
6.29
Commercial investor real estate construction
1,946
32
6.51
1,906
33
6.85
Residential first mortgage
19,674
200
4.07
19,822
202
4.07
Home equity
5,514
89
6.50
5,546
91
6.57
Consumer credit card
1,473
51
14.00
1,458
51
14.06
Other consumer
5,717
116
8.26
5,814
122
8.26
Total loans, net of unearned income
96,423
1,326
5.51
95,651
1,371
5.65
Interest-bearing deposits in other banks
7,415
69
3.79
7,596
79
4.07
Other earning assets
1,481
14
3.72
1,456
22
6.21
Total earning assets
139,428
1,715
4.93
138,809
1,781
5.07
Unrealized gains/(losses) on debt securities available for sale, net (2)
(580)
(641)
Allowance for loan losses
(1,552)
(1,545)
Cash and due from banks
3,275
3,055
Other non-earning assets
18,716
18,429
$
159,287
$
158,107
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings
$
12,075
4
0.13
$
11,876
3
0.10
Interest-bearing checking
25,245
71
1.15
24,528
78
1.26
Money market
40,366
207
2.08
39,591
220
2.20
Time deposits
13,388
103
3.12
14,396
120
3.33
Total interest-bearing deposits (6)
91,074
385
1.72
90,391
421
1.85
Federal funds purchased and securities sold under agreements to repurchase
655
7
3.66
52
2
3.91
Other short-term borrowings
1,077
10
3.80
211
2
4.25
Long-term borrowings
3,750
52
5.56
4,524
62
5.40
Total interest-bearing liabilities
96,556
454
1.91
95,178
487
2.03
Non-interest-bearing deposits (6)
39,160
—
—
39,459
—
—
Total funding sources
135,716
454
1.35
134,637
487
1.43
Net interest spread (2)
3.02
3.04
Other liabilities
4,435
4,438
Shareholders’ equity
19,077
18,986
Noncontrolling interest
59
46
$
159,287
$
158,107
Net interest income/margin FTE basis (2)
$
1,261
3.67
%
$
1,294
3.70
%
_______
(1) Amounts have been calculated using whole dollar values and the prevailing interest accrual methodology.
(2) Debt securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.
(3) Interest income includes hedging income of $1 million for the quarter ended March 31, 2026 and $5 million for the quarter ended December 31, 2025.
(4) Interest income includes hedging expense of $32 million for the quarter ended March 31, 2026 and $44 million for the quarter ended December 31, 2025.
(5) Interest income includes hedging expense of $4 million for the quarter ended March 31, 2026 and $6 million for the quarter ended December 31, 2025.
(6) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest-bearing deposits. T1The rates for total deposit costs equal 1.20% for the quarter ended March 31, 2026 and 1.29% for the quarter ended December 31, 2025.
9
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Consolidated Average Daily Balances and Yield/Rate Analysis (continued)
Quarter Ended
9/30/2025
6/30/2025
3/31/2025
($ amounts in millions; yields on taxable-equivalent basis)
Average Balance
Income/ Expense
Yield/ Rate (1)
Average Balance
Income/ Expense
Yield/ Rate (1)
Average Balance
Income/ Expense
Yield/ Rate (1)
Assets
Earning assets:
Federal funds sold and securities purchased under agreements to resell
$
—
$
—
—
%
$
1
$
—
4.44
%
$
1
$
—
4.44
%
Debt securities (2)(3)
33,223
293
3.53
32,882
286
3.48
32,280
266
3.30
Loans held for sale
662
9
5.52
500
9
7.14
441
8
7.27
Loans, net of unearned income:
Commercial and industrial (4)
49,588
714
5.65
49,033
708
5.72
49,209
687
5.58
Commercial real estate mortgage—owner-occupied (5)
4,860
62
5.04
4,900
63
5.02
4,863
59
4.87
Commercial real estate construction—owner-occupied
274
4
5.96
270
4
5.75
317
5
5.78
Commercial investor real estate mortgage
7,087
114
6.30
6,805
113
6.55
6,484
100
6.17
Commercial investor real estate construction
2,051
37
7.12
2,204
40
7.10
2,267
40
7.06
Residential first mortgage
19,944
202
4.06
19,992
200
3.99
20,037
198
3.96
Home equity
5,538
91
6.54
5,525
90
6.51
5,509
91
6.63
Consumer credit card
1,420
52
14.46
1,397
50
14.24
1,394
50
14.55
Other consumer
5,885
122
8.14
5,951
121
8.33
6,042
124
8.27
Total loans, net of unearned income
96,647
1,398
5.70
96,077
1,389
5.75
96,122
1,354
5.64
Interest-bearing deposits in other banks
8,316
94
4.51
8,737
97
4.49
8,537
94
4.45
Other earning assets
1,519
14
3.63
1,466
15
3.96
1,483
15
4.19
Total earning assets
140,367
1,808
5.09
139,663
1,796
5.12
138,864
1,737
5.01
Unrealized gains/(losses) on debt securities available for sale, net (2)
(1,001)
(1,348)
(1,716)
Allowance for loan losses
(1,616)
(1,643)
(1,625)
Cash and due from banks
2,892
2,893
2,957
Other non-earning assets
18,447
18,409
18,396
$
159,089
$
157,974
$
156,876
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings
$
12,046
4
0.13
$
12,300
4
0.13
$
12,177
4
0.13
Interest-bearing checking
24,274
86
1.41
24,865
88
1.41
25,033
89
1.44
Money market
38,593
234
2.40
37,389
220
2.37
35,625
204
2.32
Time deposits
15,124
132
3.45
15,334
135
3.52
15,799
145
3.73
Total interest-bearing deposits (6)
90,037
456
2.01
89,888
447
1.99
88,634
442
2.02
Federal funds purchased and securities sold under agreements to repurchase
48
—
4.36
80
1
4.40
39
—
4.39
Other short-term borrowings
696
8
4.49
—
—
—
339
4
4.57
Long-term borrowings
5,527
75
5.39
5,660
77
5.36
6,001
85
5.65
Total interest-bearing liabilities
96,308
539
2.22
95,628
525
2.20
95,013
531
2.27
Non-interest-bearing deposits (6)
39,538
—
—
39,556
—
—
39,053
—
—
Total funding sources
135,846
539
1.57
135,184
525
1.55
134,066
531
1.60
Net interest spread (2)
2.87
2.92
2.75
Other liabilities
4,515
4,403
4,652
Shareholders’ equity
18,688
18,350
18,127
Noncontrolling interest
40
37
31
$
159,089
$
157,974
$
156,876
Net interest income/margin FTE basis (2)
$
1,269
3.59
%
$
1,271
3.65
%
$
1,206
3.52
%
_______
(1) Amounts have been calculated using whole dollar values and the prevailing interest accrual methodology.
(2) Debt securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.
(3) Interest income includes hedge income of $7 million for the quarter ended September 30, 2025, $6 million for the quarter ended June 30, 2025, and $2 million for the quarter ended March 31, 2025.
(4) Interest income includes hedging expense of $58 million for the quarter ended September 30, 2025, $53 million for the quarter ended June 30, 2025 and $60 million for the quarter ended March 31, 2025.
(5) Interest income includes hedging expense of $7 million for the quarter ended September 30, 2025, $7 million for the quarter ended June 30, 2025 and $7 million for the quarter ended March 31, 2025.
(6) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest-bearing deposits. The rates for total deposit costs equal 1.39% for the quarter ended September 30, 2025, 1.39% for the quarter ended June 30, 2025 and 1.40% for the quarter ended March 31, 2025.
10
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Pre-Tax Pre-Provision Income ("PPI") (non-GAAP) and Adjusted PPI (non-GAAP)
The Pre-Tax Pre-Provision Income tables below present computations of pre-tax pre-provision income excluding certain adjustments (non-GAAP). Regions believes that the presentation of PPI and the exclusion of certain items from PPI provides a meaningful basis for period-to-period comparisons, which management believes will assist investors in analyzing the operating results of the Company and predicting future performance. These non-GAAP financial measures are also used by management to assess the performance of Regions’ business. It is possible that the activities related to the adjustments may recur; however, management does not consider the activities related to the adjustments to be indications of ongoing operations.
Quarter Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Net income available to common shareholders (GAAP)
$
539
$
514
$
548
$
534
$
465
$
25
4.9
%
$
74
15.9
%
Preferred dividends and other (GAAP) (1)
20
20
21
29
25
—
—
%
(5)
(20.0)
%
Income tax expense (GAAP)
155
174
139
143
131
(19)
(10.9)
%
24
18.3
%
Income before income taxes (GAAP)
714
708
708
706
621
6
0.8
%
93
15.0
%
Provision for credit losses (GAAP)
91
115
105
126
124
(24)
(20.9)
%
(33)
(26.6)
%
Pre-tax pre-provision income (non-GAAP)
805
823
813
832
745
(18)
(2.2)
%
60
8.1
%
Other adjustments:
Securities (gains) losses, net
—
—
25
—
25
—
NM
(25)
(100.0)
%
FDIC insurance special assessment
—
(14)
(3)
(1)
1
14
100.0
%
(1)
(100.0)
%
Salaries and employee benefits—severance charges
—
—
—
1
1
—
NM
(1)
(100.0)
%
Branch consolidation, property and equipment charges
—
—
(5)
—
—
—
NM
—
NM
Professional, legal and regulatory expenses
—
—
—
—
2
—
NM
(2)
(100.0)
%
Total other adjustments
—
(14)
17
—
29
14
100.0
%
(29)
(100.0)
%
Adjusted pre-tax pre-provision income (non-GAAP)
$
805
$
809
$
830
$
832
$
774
$
(4)
(0.5)
%
$
31
4.0
%
_____
NM - Not meaningful
(1) The second quarter 2025 amount includes $4 million of deferred issuance costs recognized upon the redemption of Series D preferred stock.
11
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Non-Interest Income
Quarter Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Service charges on deposit accounts
$
163
$
163
$
160
$
151
$
161
$
—
—
%
$
2
1.2
%
Card and ATM fees
117
123
122
125
117
(6)
(4.9)
%
—
—
%
Wealth management income
141
143
139
133
129
(2)
(1.4)
%
12
9.3
%
Capital markets income (1)
84
80
104
83
80
4
5.0
%
4
5.0
%
Mortgage income
32
32
38
48
40
—
—
%
(8)
(20.0)
%
Commercial credit fee income
30
30
28
29
27
—
—
%
3
11.1
%
Bank-owned life insurance
30
23
25
24
23
7
30.4
%
7
30.4
%
Market value adjustments on employee benefit assets (2)
(5)
(5)
12
16
(3)
—
NM
(2)
66.7
%
Securities gains (losses), net
(3)
—
(27)
(1)
(25)
(3)
NM
22
88.0
%
Other miscellaneous income
36
51
58
38
41
(15)
(29.4)
%
(5)
(12.2)
%
Total non-interest income
$
625
$
640
$
659
$
646
$
590
$
(15)
(2.3)
%
$
35
5.9
%
Service Charges on Deposit Accounts by Segment
Quarter Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Consumer Bank Segment (3)
$
96
$
101
$
99
$
90
$
96
$
(5)
(5.0)
%
$
—
—
%
Corporate Bank Segment (4)
66
61
61
60
64
5
8.2
%
2
3.1
%
Wealth Management Segment
1
1
—
1
1
—
—
%
—
—
%
Total service charges on deposit accounts
$
163
$
163
$
160
$
151
$
161
$
—
—
%
$
2
1.2
%
Wealth Management Income
Quarter Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Investment management and trust fee income
$
92
$
95
$
91
$
90
$
86
$
(3)
(3.2)
%
$
6
7.0
%
Investment services fee income
49
48
48
43
43
1
2.1
%
6
14.0
%
Total wealth management income (5)
$
141
$
143
$
139
$
133
$
129
$
(2)
(1.4)
%
$
12
9.3
%
Capital Markets Income
Quarter Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Capital markets income
$
84
$
80
$
104
$
83
$
80
$
4
5.0
%
$
4
5.0
%
Less: Valuation adjustments on customer derivatives (6)
1
—
—
(2)
(1)
1
NM
2
200.0
%
Capital markets income excluding valuation adjustments
$
83
$
80
$
104
$
85
$
81
$
3
3.8
%
$
2
2.5
%
Mortgage Income
Quarter Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Production and sales
$
18
$
17
$
17
$
17
$
13
$
1
5.9
%
$
5
38.5
%
Loan servicing
46
47
47
47
47
(1)
(2.1)
%
(1)
(2.1)
%
MSR and related hedge impact:
MSRs fair value increase (decrease) due to change in valuation inputs or assumptions
1
13
1
16
(10)
(12)
(92.3)
%
11
(110.0)
%
MSRs hedge gain (loss)
(3)
(16)
1
(4)
18
13
81.3
%
(21)
(116.7)
%
MSRs change due to payment decay
(30)
(29)
(28)
(28)
(28)
(1)
(3.4)
%
(2)
(7.1)
%
MSR and related hedge impact
(32)
(32)
(26)
(16)
(20)
—
—
%
(12)
(60.0)
%
Total mortgage income
$
32
$
32
$
38
$
48
$
40
$
—
—
%
$
(8)
(20.0)
%
Mortgage production - portfolio
$
451
$
463
$
465
$
602
$
355
$
(12)
(2.6)
%
$
96
27.0
%
Mortgage production - agency/secondary market
516
494
504
516
371
22
4.5
%
145
39.1
%
Total mortgage production
$
967
$
957
$
969
$
1,118
$
726
$
10
1.0
%
$
241
33.2
%
Mortgage production - purchased
61.2
%
71.7
%
81.4
%
82.5
%
82.9
%
Mortgage production - refinanced
38.8
%
28.3
%
18.6
%
17.5
%
17.1
%
_________
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)Consumer overdraft fees represent approximately half of these amounts each quarter.
(4)The majority of these amounts relate to Treasury Management (TM) activities and typically represent approximately two-thirds of total TM revenue each quarter.
(5)Total wealth management income does not include certain smaller dollar amounts that are attributable to the wealth management segment.
(6)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 2026 Earnings Release
Non-Interest Expense
Quarter Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Salaries and employee benefits
$
659
$
662
$
671
$
658
$
625
$
(3)
(0.5)
%
$
34
5.4
%
Equipment and software expense
108
112
106
104
99
(4)
(3.6)
%
9
9.1
%
Net occupancy expense
72
74
72
72
70
(2)
(2.7)
%
2
2.9
%
Outside services
42
45
42
39
40
(3)
(6.7)
%
2
5.0
%
Marketing
29
29
28
26
30
—
—
%
(1)
(3.3)
%
Professional, legal and regulatory expenses
28
30
30
28
23
(2)
(6.7)
%
5
21.7
%
Credit/checkcard expenses
14
18
15
16
15
(4)
(22.2)
%
(1)
(6.7)
%
FDIC insurance assessments
19
3
15
20
20
16
NM
(1)
(5.0)
%
Visa class B shares expense
1
8
8
4
7
(7)
(87.5)
%
(6)
(85.7)
%
Operational losses
10
9
18
13
13
1
11.1
%
(3)
(23.1)
%
Branch consolidation, property and equipment charges
—
—
(5)
—
—
—
NM
—
NM
Other miscellaneous expenses
86
108
103
93
97
(22)
(20.4)
%
(11)
(11.3)
%
Total non-interest expense
$
1,068
$
1,098
$
1,103
$
1,073
$
1,039
$
(30)
(2.7)
%
$
29
2.8
%
Salaries and Benefits Expense
Quarter Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Salaries and employee benefits
$
659
$
662
$
671
$
658
$
625
$
(3)
(0.5)
%
$
34
5.4
%
Less: Market value adjustments on supplemental 401(k) liabilities
(4)
6
13
16
(1)
(10)
(166.7)
%
(3)
(300.0)
%
Salaries and employee benefits less market value adjustments on employee benefits liabilities
$
663
$
656
$
658
$
642
$
626
$
7
1.1
%
$
37
5.9
%
13
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures
Adjusted Efficiency Ratios, Adjusted Fee Income Ratios, Adjusted Non-Interest Income/Expense, Adjusted Operating Leverage Ratios, and Adjusted Total Revenue
The table below presents computations of the efficiency ratio, which is a measure of productivity, generally calculated as non-interest expense divided by total revenue; and the fee income ratio, generally calculated as non-interest income divided by total revenue. Management uses these ratios to monitor performance and believes these measures provide meaningful information to investors. Non-interest expense (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest expense (non-GAAP), which is the numerator for the adjusted efficiency ratio. Non-interest income (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest income (non-GAAP), which is the numerator for the adjusted fee income ratio. Net interest income and non-interest income are added together to arrive at total revenue.
Adjustments are made to arrive at adjusted total revenue (non-GAAP). Net interest income on a taxable-equivalent basis and non-interest income are added together to arrive at total revenue on a taxable-equivalent basis (GAAP). 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)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Non-interest expense (GAAP)
A
$
1,068
$
1,098
$
1,103
$
1,073
$
1,039
$
(30)
(2.7)
%
$
29
2.8
%
Adjustments:
FDIC insurance special assessment
—
14
3
1
(1)
(14)
(100.0)
%
1
100.0
%
Branch consolidation, property and equipment charges
—
—
5
—
—
—
NM
—
NM
Salaries and employee benefits—severance charges
—
—
—
(1)
(1)
—
NM
1
100.0
%
Professional, legal and regulatory expenses
—
—
—
—
(2)
—
NM
2
100.0
%
Adjusted non-interest expense (non-GAAP)
B
$
1,068
$
1,112
$
1,111
$
1,073
$
1,035
$
(44)
(4.0)
%
$
33
3.2
%
Net interest income (GAAP)
C
$
1,248
$
1,281
$
1,257
$
1,259
$
1,194
$
(33)
(2.6)
%
$
54
4.5
%
Taxable-equivalent adjustment
13
13
12
12
12
—
—
%
1
8.3
%
Net interest income, taxable-equivalent basis (GAAP)
D
$
1,261
$
1,294
$
1,269
$
1,271
$
1,206
$
(33)
(2.6)
%
$
55
4.6
%
Non-interest income (GAAP)
E
$
625
$
640
$
659
$
646
$
590
$
(15)
(2.3)
%
$
35
5.9
%
Adjustments:
Securities (gains) losses, net
—
—
25
—
25
—
NM
(25)
(100.0)
%
Adjusted non-interest income (non-GAAP)
F
$
625
$
640
$
684
$
646
$
615
$
(15)
(2.3)
%
$
10
1.6
%
Total revenue (GAAP)
C+E=G
$
1,873
$
1,921
$
1,916
$
1,905
$
1,784
$
(48)
(2.5)
%
$
89
5.0
%
Adjusted total revenue (non-GAAP)
C+F=H
$
1,873
$
1,921
$
1,941
$
1,905
$
1,809
$
(48)
(2.5)
%
$
64
3.5
%
Total revenue, taxable-equivalent basis (GAAP)
D+E=I
$
1,886
$
1,934
$
1,928
$
1,917
$
1,796
$
(48)
(2.5)
%
$
90
5.0
%
Adjusted total revenue, taxable-equivalent basis (non-GAAP)
D+F=J
$
1,886
$
1,934
$
1,953
$
1,917
$
1,821
$
(48)
(2.5)
%
$
65
3.6
%
Operating leverage ratio (GAAP) (1)
I-A
0.3
%
2.2
%
Adjusted operating leverage ratio (non-GAAP) (1)
J-B
1.5
%
0.3
%
Efficiency ratio (GAAP) (1)
A/I
56.6
%
56.8
%
57.2
%
56.0
%
57.9
%
Adjusted efficiency ratio (non-GAAP) (1)
B/J
56.6
%
57.5
%
56.9
%
56.0
%
56.8
%
Fee income ratio (GAAP) (1)
E/I
33.1
%
33.1
%
34.2
%
33.7
%
32.9
%
Adjusted fee income ratio (non-GAAP) (1)
F/J
33.1
%
33.1
%
35.0
%
33.7
%
33.8
%
________
NM - Not Meaningful
(1) Amounts have been calculated using whole dollar values.
14
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures
Adjusted Net Income Available to Common Shareholders, Adjusted Diluted EPS, and Return Ratios
The table below provides a reconciliation of net income available to common shareholders (GAAP) to adjusted net income available to common shareholders (non-GAAP), a computation of adjusted diluted EPS (non-GAAP), and calculations of “average tangible common shareholders’ equity” (non-GAAP) and related ratios. Net income available to common shareholders (GAAP) is presented excluding certain adjustments, net of tax, to arrive at adjusted net income available to common shareholders (non-GAAP), which is the numerator for adjusted diluted EPS (non-GAAP). Management uses these ratios to monitor performance and believes these measures provide meaningful information to investors. Average tangible common shareholders’ equity ratios have become a focus of some investors and management believes they may assist investors in analyzing the capital position of the Company absent the effects of intangible assets and preferred stock.
Analysts and banking regulators have assessed Regions’ capital adequacy using the average tangible common shareholders’ equity measure. Because average tangible common shareholders’ equity is not formally defined by GAAP or prescribed in any amount by federal banking regulations it is currently considered to be a non-GAAP financial measure and other entities may calculate it differently than Regions’ disclosed calculations. In calculating return on average tangible common shareholders' equity ratios, Regions makes adjustments to shareholders' equity including average intangible assets and related deferred taxes, and average preferred stock. Regions also presents an adjusted tangible common shareholder ratio using adjusted net income (non-GAAP) as the numerator. Management uses these metrics to monitor performance and believes these measures provide meaningful information to investors.
Quarter Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
1Q26 vs. 4Q25
1Q26 vs. 1Q25
Net income available to common shareholders (GAAP)
A
$
539
$
514
$
548
$
534
$
465
$
25
4.9
%
$
74
15.9
%
Adjustments:
Securities (gains) losses, net
—
—
25
—
25
—
NM
(25)
(100.0)
%
FDIC insurance special assessment
—
(14)
(3)
(1)
1
14
100.0
%
(1)
(100.0)
%
Salaries and employee benefits—severance charges
—
—
—
1
1
—
NM
(1)
(100.0)
%
Branch consolidation, property and equipment charges
—
—
(5)
—
—
—
NM
—
NM
Professional, legal and regulatory expenses
—
—
—
—
2
—
NM
(2)
(100.0)
%
Preferred stock redemption expense (1)
—
—
—
4
—
—
NM
—
NM
Total adjustments
—
(14)
17
4
29
$
14
100.0
%
$
(29)
(100.0)
%
Tax impact of adjusted items (2)
—
4
(4)
—
(7)
(4)
(100.0)
%
7
100.0
%
Adjusted net income available to common shareholders (non-GAAP)
B
$
539
$
504
$
561
$
538
$
487
$
35
6.9
%
$
52
10.7
%
Weighted-average diluted shares
C
868
880
894
900
910
Diluted EPS (GAAP) (3)
A/C
$
0.62
$
0.58
$
0.61
$
0.59
$
0.51
$
0.04
6.9
%
$
0.11
21.6
%
Adjusted diluted EPS (non-GAAP) (3)
B/C
$
0.62
$
0.57
$
0.63
$
0.60
$
0.54
$
0.05
8.8
%
$
0.08
14.8
%
Average shareholders' equity (GAAP)
19,077
18,986
18,688
18,350
18,127
91
0.5
%
950
5.2
%
Less: Average preferred stock (GAAP)
1,369
1,369
1,369
1,513
1,715
—
—
%
(346)
(20.2)
%
Average common shareholders' equity (GAAP)
D
17,708
17,617
17,319
16,837
16,412
91
0.5
%
1,296
7.9
%
Less:
Average intangible assets (GAAP)
5,869
5,876
5,883
5,891
5,899
(7)
(0.1)
%
(30)
(0.5)
%
Average deferred tax liability related to intangibles (GAAP)
(138)
(135)
(131)
(127)
(126)
(3)
(2.2)
%
(12)
(9.5)
%
Average tangible common shareholders' equity (non-GAAP)
E
$
11,977
$
11,876
$
11,567
$
11,073
$
10,639
101
0.9
%
1,338
12.6
%
Return on average common shareholders' equity (GAAP) (3)*
A/D
12.35
%
11.58
%
12.56
%
12.72
%
11.49
%
Return on average tangible common shareholders' equity (non-GAAP) (3)*
A/E
18.26
%
17.17
%
18.81
%
19.34
%
17.72
%
Adjusted return on average tangible common shareholders' equity (non-GAAP) (3)*
B/E
18.26
%
16.84
%
19.24
%
19.48
%
18.58
%
_______
*Annualized
NM - Not Meaningful
(1) In the second quarter of 2025, the Company redeemed its Series D preferred stock. The initial issuance costs reduced net income to common shareholders when the shares were redeemed. This is a non-taxable expense.
(2) Unless separately noted, the tax impact for adjustments has been calculated using a nominal tax rate of 25 percent.
(3) Amounts calculated based upon whole dollar values.
15
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures
Tangible Common Ratios
The following table provides a reconciliation of shareholders’ equity (GAAP) to tangible common shareholders’ equity (non-GAAP) and the calculations of the end of period “tangible common shareholders’ equity to tangible assets” and "tangible common book value per share" ratios (non-GAAP). Since analysts and banking regulators may assess Regions’ capital adequacy using tangible common shareholders' equity, management believes that it is useful to provide investors the ability to assess Regions’ capital adequacy on this same basis.
As of and for Quarter Ended
($ amounts in millions, except per share data)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
TANGIBLE COMMON RATIOS
Shareholders’ equity (GAAP)
A
$
18,779
$
19,043
$
19,049
$
18,666
$
18,530
Less: Preferred stock (GAAP)
1,369
1,369
1,369
1,369
1,715
Common shareholders' equity (GAAP)
B
17,410
17,674
17,680
17,297
16,815
Less:
Intangible assets (GAAP)
5,866
5,873
5,879
5,886
5,894
Deferred tax liability related to intangibles (GAAP)
(141)
(138)
(133)
(130)
(126)
Tangible common shareholders’ equity (non-GAAP)
C
$
11,685
$
11,939
$
11,934
$
11,541
$
11,047
Total assets (GAAP)
D
$
160,741
$
158,814
$
159,940
$
159,206
$
159,846
Less:
Intangible assets (GAAP)
5,866
5,873
5,879
5,886
5,894
Deferred tax liability related to intangibles (GAAP)
(141)
(138)
(133)
(130)
(126)
Tangible assets (non-GAAP)
E
$
155,016
$
153,079
$
154,194
$
153,450
$
154,078
Shares outstanding—end of quarter
F
854
868
885
894
899
Total equity to total assets (GAAP) (1)
A/D
11.68
%
11.99
%
11.91
%
11.72
%
11.59
%
Tangible common shareholders’ equity to tangible assets (non-GAAP) (1)
C/E
7.54
%
7.80
%
7.74
%
7.52
%
7.17
%
Common book value per share (GAAP) (1)
B/F
$
20.39
$
20.36
$
19.98
$
19.35
$
18.70
Tangible common book value per share (non-GAAP) (1)
C/F
$
13.69
$
13.75
$
13.49
$
12.91
$
12.29
____
(1)Amounts have been calculated using whole dollar values.
Common equity Tier 1 (CET1) Ratios
The following table presents CET1 and CET1 adjusted to include certain components of AOCI (non-GAAP). CET1 is a capital adequacy measure established by federal banking regulators under the Basel III framework. Banking institutions that meet requirements under the regulations are required to maintain certain minimum capital requirements, including a minimum CET1 ratio. This measure is utilized by analysts and banking regulators to assess Regions’ capital adequacy. Under the framework, Regions elected to remove certain of the effects of AOCI in the calculation of CET1. Adjustments to the calculation prescribed in federal banking regulations are considered to be non-GAAP financial measures. Adjustments to CET1 include certain portions of AOCI to arrive at CET1 inclusive of AOCI (non-GAAP), which is a potential impact under recent proposed rulemaking standards.
Since analysts and banking regulators may assess Regions’ capital adequacy using proposed rulemaking standards, management believes that it is useful to provide investors the ability to assess Regions’ capital adequacy on this same basis.
Quarter-Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
CET1 RATIOS
Common equity Tier 1 (1)
A
$
13,419
$
13,490
$
13,620
$
13,533
$
13,355
Adjustments:
AOCI loss on securities (2)
(1,172)
(1,076)
(1,241)
(1,485)
(1,645)
AOCI loss on defined benefit pension plans and other post employment benefits
(387)
(391)
(396)
(401)
(406)
Common equity Tier 1 (inclusive of AOCI) (non-GAAP)
B
$
11,860
$
12,023
$
11,983
$
11,647
$
11,304
Total risk-weighted assets (1)
C
$
125,860
$
123,882
$
125,386
$
125,755
$
123,755
Common equity Tier 1 ratio (1)(3)
A/C
10.7
%
10.9
%
10.9
%
10.8
%
10.8
%
Common equity Tier 1 ratio (inclusive of AOCI) (non-GAAP) (1)(3)
B/C
9.4
%
9.7
%
9.6
%
9.3
%
9.1
%
____
(1)Current quarter Common equity Tier 1 as well as Total risk-weighted assets are estimated.
(2)Represents AOCI loss on both available for sale and held to maturity securities.
(3)Amounts have been calculated using whole dollar values.
16
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Asset Quality
As of and for Quarter Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Beginning allowance for loan losses (ALL)
$
1,556
$
1,581
$
1,612
$
1,613
$
1,613
Loans charged-off:
Commercial and industrial
88
92
57
70
57
Commercial real estate mortgage—owner-occupied
—
1
1
—
2
Total commercial
88
93
58
70
59
Commercial investor real estate mortgage
—
4
34
2
22
Total investor real estate
—
4
34
2
22
Residential first mortgage
—
—
1
1
—
Home equity—lines of credit
1
—
—
1
—
Home equity—closed-end
—
1
—
—
—
Consumer credit card
18
17
16
17
17
Other consumer
44
52
51
42
47
Total consumer
63
70
68
61
64
Total
151
167
160
133
145
Recoveries of loans previously charged-off:
Commercial and industrial
9
11
10
10
11
Commercial real estate mortgage—owner-occupied
—
—
1
—
—
Commercial real estate construction—owner-occupied
—
—
—
—
1
Total commercial
9
11
11
10
12
Commercial investor real estate mortgage
—
1
2
—
—
Total investor real estate
—
1
2
—
—
Residential first mortgage
—
1
—
1
—
Home equity—lines of credit
1
1
1
2
—
Home equity—closed-end
—
1
—
—
—
Consumer credit card
3
2
2
2
3
Other consumer
8
8
9
5
7
Total consumer
12
13
12
10
10
Total
21
25
25
20
22
Net charge-offs (recoveries):
Commercial and industrial
79
81
47
60
46
Commercial real estate mortgage—owner-occupied
—
1
—
—
2
Commercial real estate construction—owner-occupied
—
—
—
—
(1)
Total commercial
79
82
47
60
47
Commercial investor real estate mortgage
—
3
32
2
22
Total investor real estate
—
3
32
2
22
Residential first mortgage
—
(1)
1
—
—
Home equity—lines of credit
—
(1)
(1)
(1)
—
Consumer credit card
15
15
14
15
14
Other consumer
36
44
42
37
40
Total consumer
51
57
56
51
54
Total
130
142
135
113
123
Provision for loan losses
101
117
104
112
123
Ending allowance for loan losses (ALL)
1,527
1,556
1,581
1,612
1,613
Beginning reserve for unfunded credit commitments
130
132
131
117
116
Provision for (benefit from) unfunded credit losses
(10)
(2)
1
14
1
Ending reserve for unfunded commitments
120
130
132
131
117
Allowance for credit losses (ACL) at period end
$
1,647
$
1,686
$
1,713
$
1,743
$
1,730
17
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Asset Quality (continued)
As of and for Quarter Ended
($ amounts in millions)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Net loan charge-offs as a % of average loans, annualized (1):
Commercial and industrial
0.65
%
0.66
%
0.37
%
0.49
%
0.38
%
Commercial real estate mortgage—owner-occupied
(0.03)
%
0.02
%
0.04
%
—
%
0.14
%
Commercial real estate construction—owner-occupied
(0.05)
%
(0.07)
%
(0.01)
%
(0.01)
%
(0.84)
%
Total commercial
0.58
%
0.60
%
0.34
%
0.45
%
0.35
%
Commercial investor real estate mortgage
0.02
%
0.15
%
1.82
%
0.10
%
1.38
%
Total investor real estate
0.02
%
0.12
%
1.41
%
0.07
%
1.02
%
Residential first mortgage
—
%
—
%
0.01
%
—
%
—
%
Home equity—lines of credit
(0.01)
%
(0.10)
%
(0.12)
%
(0.05)
%
(0.04)
%
Home equity—closed-end
(0.02)
%
—
%
(0.01)
%
(0.01)
%
(0.01)
%
Consumer credit card
4.17
%
4.08
%
3.94
%
4.24
%
4.18
%
Other consumer
2.51
%
2.97
%
2.83
%
2.50
%
2.68
%
Total consumer
0.63
%
0.70
%
0.67
%
0.63
%
0.66
%
Total
0.54
%
0.59
%
0.55
%
0.47
%
0.52
%
Non-performing loans, excluding loans held for sale
$
692
$
698
$
758
$
776
$
843
Non-performing loans held for sale
1
—
12
16
26
Non-performing loans, including loans held for sale
693
698
770
792
869
Foreclosed properties
20
17
18
16
15
Non-performing assets (NPAs)
$
713
$
715
$
788
$
808
$
884
Loans past due > 90 days (2)
$
170
$
180
$
154
$
171
$
179
Criticized loans—business (3)
$
3,384
$
3,342
$
3,682
$
4,608
$
4,918
Credit Ratios (1):
ACL/Loans, net
1.68
%
1.76
%
1.78
%
1.80
%
1.81
%
ALL/Loans, net
1.56
%
1.63
%
1.64
%
1.67
%
1.69
%
Business criticized loans to total business loans
5.15
%
5.31
%
5.81
%
7.22
%
7.82
%
Allowance for credit losses to non-performing loans, excluding loans held for sale
238
%
242
%
226
%
225
%
205
%
Allowance for loan losses to non-performing loans, excluding loans held for sale
221
%
223
%
208
%
208
%
191
%
Non-performing loans, excluding loans held for sale/Loans, net
0.71
%
0.73
%
0.79
%
0.80
%
0.88
%
NPAs (ex. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale
0.73
%
0.75
%
0.82
%
0.84
%
0.92
%
NPAs (inc. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale (2)
0.90
%
0.94
%
0.98
%
1.01
%
1.11
%
(1)Amounts have been calculated using whole dollar values.
(2)Excludes guaranteed residential first mortgages that are 90+ days past due and still accruing. Refer to the footnotes on page 19 for amounts related to these loans.
(3)Business represents the combined total of commercial and investor real estate loans.
18
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Non-Performing Loans (excludes loans held for sale)
As of
($ amounts in millions, %'s calculated using whole dollar values)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Commercial and industrial
$
471
0.93
%
$
474
0.97
%
$
524
1.06
%
$
391
0.79
%
$
418
0.85
%
Commercial real estate mortgage—owner-occupied
53
1.06
%
45
0.92
%
41
0.85
%
45
0.92
%
40
0.83
%
Commercial real estate construction—owner-occupied
2
0.85
%
2
0.85
%
1
0.43
%
1
0.46
%
1
0.41
%
Total commercial
526
0.94
%
521
0.97
%
566
1.04
%
437
0.80
%
459
0.85
%
Commercial investor real estate mortgage
103
1.33
%
121
1.69
%
137
1.92
%
283
4.08
%
327
5.14
%
Total investor real estate
103
1.06
%
121
1.33
%
137
1.51
%
283
3.12
%
327
3.71
%
Residential first mortgage
30
0.16
%
25
0.12
%
24
0.12
%
24
0.12
%
25
0.12
%
Home equity—lines of credit
25
0.77
%
24
0.74
%
24
0.73
%
26
0.79
%
26
0.82
%
Home equity—closed-end
8
0.34
%
7
0.32
%
7
0.31
%
6
0.26
%
6
0.27
%
Total consumer
63
0.20
%
56
0.17
%
55
0.17
%
56
0.17
%
57
0.17
%
Total non-performing loans
$
692
0.71
%
$
698
0.73
%
$
758
0.79
%
$
776
0.80
%
$
843
0.88
%
Early and Late Stage Delinquencies
Accruing 30-89 Days Past Due Loans
As of
($ amounts in millions, %'s calculated using whole dollar values)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Commercial and industrial
$
50
0.10
%
$
55
0.11
%
$
63
0.13
%
$
67
0.14
%
$
68
0.14
%
Commercial real estate mortgage—owner-occupied
4
0.08
%
6
0.11
%
10
0.21
%
8
0.17
%
3
0.07
%
Total commercial
54
0.10
%
61
0.11
%
73
0.13
%
75
0.14
%
71
0.13
%
Commercial investor real estate mortgage
1
0.01
%
—
—
%
28
0.40
%
—
—
%
20
0.31
%
Commercial investor real estate construction
—
—
%
—
—
%
—
—
%
1
0.05
%
—
—
%
Total investor real estate
1
0.01
%
—
—
%
28
0.31
%
1
0.01
%
20
0.23
%
Residential first mortgage—non-guaranteed (1)
127
0.66
%
144
0.74
%
132
0.68
%
114
0.58
%
119
0.61
%
Home equity—lines of credit
22
0.69
%
25
0.79
%
28
0.89
%
25
0.77
%
23
0.72
%
Home equity—closed-end
13
0.57
%
15
0.62
%
14
0.57
%
11
0.48
%
13
0.56
%
Consumer credit card
21
1.39
%
22
1.48
%
20
1.40
%
20
1.46
%
19
1.37
%
Other consumer
66
1.19
%
75
1.31
%
68
1.18
%
66
1.11
%
68
1.15
%
Total consumer (1)
249
0.79
%
281
0.88
%
262
0.81
%
236
0.73
%
242
0.75
%
Total accruing 30-89 days past due loans (1)
$
304
0.31
%
$
342
0.36
%
$
363
0.38
%
$
312
0.32
%
$
333
0.35
%
Accruing 90+ Days Past Due Loans
As of
($ amounts in millions, %'s calculated using whole dollar values)
3/31/2026
12/31/2025
9/30/2025
6/30/2025
3/31/2025
Commercial and industrial
$
5
0.01
%
$
6
0.01
%
$
4
0.01
%
$
19
0.04
%
$
22
0.05
%
Commercial real estate mortgage—owner-occupied
1
0.01
%
—
0.01
%
2
0.05
%
1
0.02
%
1
0.01
%
Total commercial
6
0.01
%
6
0.01
%
6
0.01
%
20
0.04
%
23
0.04
%
Residential first mortgage—non-guaranteed (2)
100
0.52
%
105
0.55
%
84
0.43
%
89
0.46
%
93
0.47
%
Home equity—lines of credit
14
0.42
%
15
0.45
%
14
0.43
%
12
0.38
%
13
0.42
%
Home equity—closed-end
8
0.35
%
8
0.37
%
7
0.30
%
7
0.30
%
6
0.26
%
Consumer credit card
22
1.52
%
22
1.41
%
20
1.42
%
20
1.39
%
21
1.49
%
Other consumer
20
0.35
%
24
0.40
%
23
0.39
%
23
0.39
%
23
0.38
%
Total consumer (2)
164
0.52
%
174
0.54
%
148
0.46
%
151
0.47
%
156
0.48
%
Total accruing 90+ days past due loans (2)
$
170
0.17
%
$
180
0.19
%
$
154
0.16
%
$
171
0.18
%
$
179
0.19
%
Total delinquencies (1) (2)
$
474
0.49
%
$
522
0.55
%
$
517
0.54
%
$
483
0.50
%
$
512
0.54
%
(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; however, includes Ginnie Mae repurchased loans with partial guarantees. Total 30-89 days past due guaranteed loans excluded were $62 million at 3/31/2026, $66 million at 12/31/2025, $62 million at 9/30/2025, $57 million at 6/30/2025, and $52 million at 3/31/2025.
(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; however, includes Ginnie Mae repurchased loans with partial guarantees. Total 90 days or more past due guaranteed loans excluded were $94 million at 3/31/2026, $79 million at 12/31/2025, $48 million at 9/30/2025, $44 million at 6/30/2025, and $53 million at 3/31/2025.
19
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
Forward-Looking Statements
This supplement, the related earnings release, and the accompanying earnings call may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. In addition, the company, through its senior management, may from time to time make forward-looking public statements concerning the matters described herein. The words “future,” “anticipates,” “assumes,” “intends,” “plans,” “seeks,” “believes,” “predicts,” “potential,” “objectives,” “estimates,” “expects,” “targets,” “projects,” “outlook,” “forecast,” “would,” “will,” “may,” “might,” “could,” “should,” “can,” and similar terms, expressions, and graphics 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:
•Our businesses have been, and may continue to be, adversely affected by conditions in the financial markets and economic conditions generally.
•Fluctuations in market interest rates, including the level and shape of the yield curve, may adversely affect our performance.
•If we experience greater credit losses in our loan portfolios than anticipated, our earnings may be materially adversely affected.
•Any future reductions in our credit ratings may increase our funding costs and place limitations on business activities.
•Changes in the soundness of other financial institutions could adversely affect us.
•We may suffer losses if the value of collateral declines in stressed market conditions.
•Ineffective liquidity management could adversely affect our financial results and condition.
•Loss of deposits or a change in deposit mix could increase our funding costs.
•We rely on the mortgage secondary market to manage various risks.
•We are at risk of a variety of systems failures or errors and cyber-attacks or other similar incidents that could adversely affect customer experience and our business and financial performance.
•We are subject to complex and evolving laws, regulations, rules, standards and contractual obligations regarding privacy and cybersecurity, which could increase the cost of doing business, compliance risks and potential liability.
•We will continually encounter technological change and must effectively anticipate, develop and implement new technology.
•T2The development and use of AI presents risks and challenges that may adversely impact our business.
•Industry competition, including competition from decentralized finance platforms, cryptocurrencies and blockchain technologies could disrupt our business model and adversely affect our revenues, market share or liquidity.
•Our operations are concentrated primarily in the South, Midwest and Texas, and adverse changes in the economic conditions in this region can adversely affect our financial results and condition.
•Weakness in the residential real estate markets could adversely affect our performance.
•Weakness in the commercial real estate markets could adversely affect our performance.
•Risks associated with home equity products where we are in a second lien position could adversely affect our performance.
•Weakness in commodity businesses could adversely affect our performance.
•An outbreak or escalation of hostilities between countries or within a country or region could have a material adverse effect on the U.S. economy and on our businesses.
•We are subject to a variety of operational risks, including the risk of fraud or theft by internal or external parties, which may adversely affect our business and results of operations.
•We rely on other companies to provide key components of our business infrastructure.
•We depend on the accuracy and completeness of information about clients and counterparties.
•We are exposed to risk of environmental liability when we take title to property.
•We can be negatively affected if we fail to identify and address operational risks associated with the introduction of or changes to products, services and delivery platforms.
•Enhanced regulatory and other standards for the oversight of vendors and other service providers can result in higher costs and other potential exposures.
•We are, and may in the future be, subject to claims and litigation calling into question our right to use the intellectual property underlying certain technology in our business.
•Weather-related events, pandemics and other natural or man-made disasters could cause a disruption in our operations or lead to other consequences that could adversely impact our financial results and condition. These impacts could be intensified by climate change. Heightening focus on climate change may also carry transition risks that could negatively impact our results of operations and financial condition.
•We are subject to sociopolitical risks that could adversely affect our business, reputation and the trading price of our common stock.
•Damage to our reputation could significantly harm our businesses.
•We are, and may in the future be, subject to litigation, investigations and governmental proceedings that may result in liabilities adversely affecting our financial condition, business or results of operations or in reputational harm.
•We are subject to extensive governmental regulation, which could have an adverse impact on our operations and our business model.
•We are subject to a variety of risks in connection with any sale of loans we may conduct.
•We may be subject to more stringent capital and liquidity requirements.
•Rulemaking changes and regulatory initiatives implemented by the CFPB may result in higher regulatory and compliance costs that may adversely affect our results of operations.
•We are subject to numerous laws designed to protect consumers, including the CRA and fair lending laws, and a failure to comply with these laws could lead to a wide variety of penalties and other sanctions.
•We may not be able to complete future acquisitions, may not be successful in realizing the benefits of any future acquisitions that are completed or may choose not to pursue acquisition opportunities we might find beneficial.
•Increases in FDIC insurance assessments may adversely affect our earnings.
•Unfavorable results from ongoing stress analyses may adversely affect our ability to retain customers or compete for new business opportunities.
•We are a holding company and depend on our subsidiaries for dividends, distributions and other payments.
•We may not pay dividends on shares of our capital stock.
•Anti-takeover and banking laws and certain agreements and charter provisions may adversely affect share value.
•Our amended and restated by-laws designate (i) the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our shareholders and (ii) the federal district courts of the United States as the sole and exclusive forum for any action asserting a cause of action arising under the Securities Act, which could limit our shareholders’ ability to obtain a favorable judicial forum for disputes with our company or our company’s directors, officers or other employees.
•We face substantial legal and operational risks in our safeguarding and other processing of personal information.
•Differences in regulation can affect our ability to compete effectively.
•Our businesses may be adversely affected if we are unable to hire and retain qualified employees.
20
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to First Quarter 2026 Earnings Release
•Our operations rely on our ability, and the ability of key external parties, to maintain appropriately staffed workforces, and on the competence, trustworthiness, health and safety of employees.
•Our reported financial results depend on management’s selection of accounting methods and certain assumptions and estimates.
•If the models that we use in our business perform poorly or provide inadequate information, our business or results of operations may be adversely affected.
•Changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition.
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, 2025 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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Mentions · how they’re counted
| Category | Underlined | Word counter | Model’s count |
|---|---|---|---|
| AI AI, artificial intelligence, generative AI, machine learning, large language model, LLM | 1 | 1 | 1 |
| Layoffs layoffs, RIF, headcount reduction, workforce optimization, restructuring | 0 | — | 0 |
| Recession recession, downturn, contraction, slowdown | 0 | 0 | 0 |
| Tariffs tariff, trade war, trade barriers, trade restrictions, trade policy | 0 | 0 | 0 |
| Buybacks share repurchase, buyback program | 0 | — | 0 |
Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.
Not placed in the text
These quotes are stored with a score, but no passage here matches them closely enough to highlight. Rather than point at the wrong passage, they are listed as stored.
Theme · Stabilizing credit quality
“Net charge-offs as a percentage of average loans 0.54% for the quarter ended March 31, 2026.”
Theme · Loan growth momentum
“Total Loans $97,926 million at 3/31/2026 vs $95,637 million at 12/31/2025.”
Theme · Net interest pressure
“Net interest income $1,248 million for the quarter ended March 31, 2026 vs $1,281 million for the quarter ended December 31, 2025.”
Theme · Efficiency ratio stability
“Efficiency ratio 56.6% for the quarter ended March 31, 2026.”
Theme · Wealth management income
“Wealth management income $141 million for the quarter ended March 31, 2026.”
Source: SEC EDGAR · public domain · Highlights by Palanor