Regions Financial 3Q26 盈利 6.11 亿美元、调整后 EPS $0.73 同比增 16%，但盘前冲高回落约 2%，市场抛售预期内的利好

----- rf-20261016.htm -----
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
October 16, 2026
REGIONS FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
001-34034
63-0589368
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1900 Fifth Avenue North
Birmingham
,
Alabama
35203
(Address, including zip code, of principal executive office)
Registrant’s telephone number, including area code: (
800
)
734-4667
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $.01 par value
RF
New York Stock Exchange
Depositary Shares, each representing a 1/40th Interest in a Share of
5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C
RF PRC
New York Stock Exchange
Depositary Shares, each representing a 1/40th Interest in a Share of
4.45% Non-Cumulative Perpetual Preferred Stock, Series E
RF PRE
New York Stock Exchange
Depositary Shares, each representing a 1/40th Interest in a Share of
Non-Cumulative Perpetual Preferred Stock, Series F
RF PRF
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
Item 2.02    Results of Operations and Financial Condition.
On October 16, 2026, Regions Financial Corporation (“Regions”) issued a press release announcing its preliminary results of operations for the quarter ended September 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1. Supplemental financial information for the quarter ended September 30, 2026 is attached as Exhibit 99.2. Each of Exhibits 99.1 and 99.2 are incorporated herein by reference and may also be found on Regions’ website at www.regions.com.
Item 7.01    Regulation FD Disclosure.
On October 16, 2026, executives from Regions will review its preliminary results of operations for the quarter ended September 30, 2026, via a live audio webcast. A copy of a visual presentation that will be a part of that review is attached as Exhibit 99.3. Exhibit 99.3 is incorporated herein by reference and may also be found on Regions’ website at www.regions.com. An archived recording of the webcast will be available for a limited time on the Investor Relations page of that website.
In accordance with general instruction B.2. of Form 8-K, the information included in or incorporated into Item 2.02 or Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in any such filing.
Item 9.01    Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
Description of Exhibit
99.1
Press Release
dated October 16, 2026.
99.2
Supplemental Financial Information
for the Quarter Ended September 30, 2026.
99.3
Visual Presentation
of October 16, 2026.
104
Cover Page Interactive Data (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
REGIONS FINANCIAL CORPORATION
By:
/s/ Karin K. Allen
Name:
Karin K. Allen
Title:
Executive Vice President and Chief Accounting Officer
Date: October 16, 2026

----- rf-2026930xexhibit991.htm -----
EX-99.1
2
rf-2026930xexhibit991.htm
EX-99.1
Document
Exhibit 99.1
Regions Reports Earnings of $611 Million and EPS of $0.71 in 3Q 2026
BIRMINGHAM, Ala. - (BUSINESS WIRE) - Oct. 16, 2026
- Regions Financial Corp. (NYSE:RF) today reported third quarter 2026 earnings of $611 million and diluted earnings per share (EPS) of $0.71. On an adjusted basis, earnings
(1)
were $622 million and diluted EPS
(1)
was $0.73. On both a reported and adjusted basis
(1)
, earnings increased 11 percent and diluted EPS increased 16 percent compared to the third quarter of 2025.
Financial Highlights
Soundness
Quarter Ended
•
Low-cost deposit base continued to deliver peer-leading interest-bearing deposit costs of 1.70% in 3Q26
•
Estimated CET1 of 10.8% supported by strong organic capital generation
•
Annualized net charge-offs decreased 13 bps QoQ to 29 bps; business services criticized loans and NPLs also decreased QoQ while ACL/NPLs increased to 275%
($ amounts in millions, except per share data)
3Q26
2Q26
Earnings Summary
Net income
$
631
$
570
Net income available to common shareholders
611
549
Adj. net income avail. to common shareholders
(1)
622
583
Diluted earnings per common share
0.71
0.64
Adj. diluted earnings per common share
(1)
0.73
0.68
Profitability
Balance Sheet Summary
•
Best-in-class hedging program creates a mostly neutral short-term interest rate position and supports a top-quartile 3Q26 NIM of 3.68%
•
Proven history of consistently generating best-in-class returns in our peer group; 3Q26 reported ROATCE
(1)
of 21% and adjusted ROATCE
(1)
of 22%
•
Expenses remained well controlled; supporting self-funding of growth initiatives
Average loans, net of unearned income
$
99,183
$
98,722
Average deposits
129,140
130,691
Credit Quality
Allowance for credit losses ratio
1.61
%
1.63
%
Net charge-offs / average loans*
0.29
0.42
Selected Ratios
Return on average assets*
1.55
%
1.42
%
Growth
Return on average common equity*
14.16
12.73
•
Net income and diluted EPS each grew 11% QoQ; Adj. net income and adj. diluted EPS each grew 7%
(1)
QoQ
•
3Q26 average loans increased 0.5% while ending loans increased 0.6% QoQ; growth driven primarily by high-quality, broad-based C&I loans
•
3Q26 represents a record quarter in Capital Markets income (excl. customer derivative valuation adjustments)
•
3Q26 represents another record quarter in Treasury Management income
Return on avg. tangible common equity*
(1)
21.27
19.01
Adj. return on avg. tangible common equity*
(1)
21.66
20.18
Net interest margin (FTE)*
3.68
3.66
Efficiency ratio
56.2
58.3
Adjusted efficiency ratio
(1)
55.8
56.9
Common equity Tier 1 ratio
(2)
10.8
10.7
Effective Tax Rate
19.8
20.7
*Annualized
(1) Non-GAAP; refer to reconciliations in the financial supplement to this earnings release included as
Exhibit 99.2
to the company's Current Report on Form 8-K that was furnished to the Securities and Exchange Commission ("SEC") on Oct. 16, 2026. (2) Current quarter is estimated.
CEO Perspective: John Turner, Chairman, President and CEO of Regions Financial Corp.
"At Regions Bank, we're seeing the benefits of the investments we're making in talent, technology and strategic growth. By remaining disciplined in our approach to risk management and staying committed to soundness, profitability, and growth, we are delivering strong results built on solid fundamentals and a competitive strategy. Strong credit quality, continued momentum in fee-based businesses, and economically vibrant markets throughout our footprint all contributed to our third quarter results. As we continue to modernize the franchise and expand our capabilities, Regions Bank is well positioned to meet the evolving needs of our customers and drive more sustainable growth over time."
1
Total revenue
Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Net interest income
$
1,298
$
1,277
$
1,257
$
21
1.6
%
$
41
3.3
%
Taxable equivalent adjustment
16
14
12
2
14.3
%
4
33.3
%
Net interest income, taxable equivalent basis
$
1,314
$
1,291
$
1,269
$
23
1.8
%
$
45
3.5
%
Net interest margin (FTE)*
3.68
%
3.66
%
3.59
%
Non-interest income:
Service charges on deposit accounts
$
171
$
167
$
160
$
4
2.4
%
$
11
6.9
%
Card and ATM fees
126
126
122
—
—
%
4
3.3
%
Wealth management income
146
150
139
(4)
(2.7)
%
7
5.0
%
Capital markets income
107
84
104
23
27.4
%
3
2.9
%
Mortgage income
32
33
38
(1)
(3.0)
%
(6)
(15.8)
%
Commercial credit fee income
35
28
28
7
25.0
%
7
25.0
%
BOLI income
32
24
25
8
33.3
%
7
28.0
%
Market value adjustments on employee benefit assets**
(4)
24
12
(28)
(116.7)
%
(16)
(133.3)
%
Securities gains (losses), net
(15)
(41)
(27)
26
63.4
%
12
44.4
%
Other miscellaneous income
45
35
58
10
28.6
%
(13)
(22.4)
%
Non-interest income
$
675
$
630
$
659
$
45
7.1
%
$
16
2.4
%
Adjusted non-interest income (non-GAAP)
(1)
$
690
$
670
$
684
$
20
3.0
%
$
6
0.9
%
Total revenue
$
1,973
$
1,907
$
1,916
$
66
3.5
%
$
57
3.0
%
Adjusted total revenue (non-GAAP)
(1)
$
1,988
$
1,947
$
1,941
$
41
2.1
%
$
47
2.4
%
NM - Not Meaningful
* Annualized
** These market value adjustments relate to assets held for employee and director benefits that are effectively offset within salaries and employee benefits and other non-interest expense.
Total revenue increased 3 percent on a reported basis and 2 percent on an adjusted basis
(1)
compared to the second quarter of 2026. Net interest income increased 2 percent driven primarily by fixed-rate asset turnover, average loan growth, higher hedging income, credit interest recoveries, one additional day in the quarter and continued prudent management of deposit costs, partially offset by an increase in non-deposit funding costs. Net interest margin increased 2 basis points to 3.68 percent.
2
Non-interest income increased 7 percent on a reported basis and 3 percent on an adjusted basis
(1)
during the third quarter
. With respect to adjusted items, the company incurred $15 million in securities losses in the third quarter compared to $40 million in the second quarter, attributable to the execution of additional securities repositioning trades. Record capital markets income increased 27 percent driven by higher mergers and acquisitions advisory revenue, securities underwriting and placement fees, commercial swap income and syndication revenue.
Service charges increased 2 percent reflecting record Treasury Management income, one additional business day in the quarter, and seasonally higher consumer-related activity. Commercial credit fee income increased 25 percent driven by higher standby letter of credit income and commercial unused fees. Bank-owned life insurance increased 33 percent due to higher death benefit proceeds recognized during the quarter. Wealth management income decreased 3 percent following a record second quarter, primarily reflecting lower production volumes.
Market value adjustments associated with employee benefit assets declined $28 million during the quarter and were largely offset by corresponding changes in non-interest expense.
Non-interest expense
Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Salaries and employee benefits
$
694
$
697
$
671
$
(3)
(0.4)
%
$
23
3.4
%
Equipment and software expense
113
107
106
6
5.6
%
7
6.6
%
Net occupancy expense
74
73
72
1
1.4
%
2
2.8
%
Outside services
45
47
42
(2)
(4.3)
%
3
7.1
%
Marketing
29
28
28
1
3.6
%
1
3.6
%
Professional, legal and regulatory expenses
35
28
30
7
25.0
%
5
16.7
%
Credit/checkcard expenses
18
16
15
2
12.5
%
3
20.0
%
FDIC insurance assessments
16
17
15
(1)
(5.9)
%
1
6.7
%
Visa class B shares expense
4
2
8
2
100.0
%
(4)
(50.0)
%
Operational losses
7
8
18
(1)
(12.5)
%
(11)
(61.1)
%
Branch consolidation, property and equipment charges
—
5
(5)
(5)
(100.0)
%
5
100.0
%
Other miscellaneous expenses
83
93
103
(10)
(10.8)
%
(20)
(19.4)
%
Non-interest expense
$
1,118
$
1,121
$
1,103
$
(3)
(0.3)
%
$
15
1.4
%
Adjusted non-interest expense (non-GAAP)
(1)
$
1,118
$
1,116
$
1,111
$
2
0.2
%
$
7
0.6
%
Salaries and Employee Benefits Expense
Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Salaries and employee benefits
$
694
$
697
$
671
$
(3)
(0.4)
%
$
23
3.4
%
Less: Market value adjustments on supplemental 401(k) liabilities
*
(2)
24
13
(26)
(108.3)
%
(15)
(115.4)
%
Salaries and employee benefits less market value adjustments on employee benefit liabilities
$
696
$
673
$
658
$
23
3.4
%
$
38
5.8
%
NM - Not Meaningful
*
The company holds assets in order to effectively offset the market value adjustments on supplemental 401(k) liabilities and the market value adjustments on those assets are recorded in non-interest income.
Non-interest expenses remained relatively stable on both a reported and adjusted basis
(1)
compared to the second quarter
3
of 2026. Professional, legal, and regulatory expense increase driven primarily by higher legal settlement costs. Equipment and software expense increased 6 percent primarily reflecting software as a service charges associated with ongoing technology and infrastructure investments. Salaries and benefits were relatively stable as increases in base salaries and revenue-based incentives were largely offset by lower market value adjustments for supplemental employee benefit liabilities. The company's efficiency ratio was 56.2 percent on a reported basis and 55.8 percent on an adjusted basis
(1)
for the third quarter.
Loans
Average Balances
($ amounts in millions, net of unearned income)
3Q26
2Q26
3Q25
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Commercial and industrial
$
51,910
$
51,504
$
49,588
$
406
0.8
%
$
2,322
4.7%
Commercial real estate—owner-occupied
5,360
5,342
5,134
18
0.3
%
226
4.4%
Investor real estate
9,992
9,789
9,138
203
2.1
%
854
9.3%
Business Lending
67,262
66,635
63,860
627
0.9
%
3,402
5.3%
Residential first mortgage
19,423
19,551
19,944
(128)
(0.7)
%
(521)
(2.6)%
Home equity
5,511
5,496
5,538
15
0.3
%
(27)
(0.5)%
Consumer credit card
1,492
1,474
1,420
18
1.2
%
72
5.1%
Other consumer*
5,495
5,566
5,885
(71)
(1.3)
%
(390)
(6.6)%
Consumer Lending
31,921
32,087
32,787
(166)
(0.5)
%
(866)
(2.6)%
Total Loans
$
99,183
$
98,722
$
96,647
$
461
0.5
%
$
2,536
2.6%
Ending Balances
9/30/2026
9/30/2026
($ amounts in millions, net of unearned income)
9/30/2026
6/30/2026
9/30/2025
vs. 6/30/2026
vs. 9/30/2025
Commercial and industrial
$
52,409
$
51,841
$
49,234
$
568
1.1
%
$
3,175
6.4%
Commercial real estate—owner-occupied
5,368
5,394
5,120
(26)
(0.5)
%
248
4.8%
Investor real estate
10,211
9,969
9,070
242
2.4
%
1,141
12.6%
Business Lending
67,988
67,204
63,424
784
1.2
%
4,564
7.2%
Residential first mortgage
19,376
19,498
19,881
(122)
(0.6)
%
(505)
(2.5)%
Home equity
5,537
5,504
5,549
33
0.6
%
(12)
(0.2)%
Consumer credit card
1,512
1,498
1,437
14
0.9
%
75
5.2%
Other consumer*
5,414
5,496
5,834
(82)
(1.5)
%
(420)
(7.2)%
Consumer Lending
31,839
31,996
32,701
(157)
(0.5)
%
(862)
(2.6)%
Total Loans
$
99,827
$
99,200
$
96,125
$
627
0.6
%
$
3,702
3.9%
NM - Not meaningful.
*    Other consumer loans includes Regions' Home Improvement Financing portfolio.
Average and ending loans increased modestly compared to the prior quarter. Average business loans increased 1 percent during the quarter while average consumer loans decreased slightly. Growth was driven by broad-based C&I lending categories including government and public sector, wholesale and financial services. Investor real estate delivered another solid quarter of growth, driven by strong production and increased bridge-financing activity within the multifamily sector,
4
as elevated long-term interest rates have slowed permanent financing. Loan growth remained high quality, with investment grade credits representing more than half of new balances.
Deposits
Average Balances
($ amounts in millions)
3Q26
2Q26
3Q25
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Total interest-bearing deposits
$
89,364
$
90,953
$
90,037
$
(1,589)
(1.7)%
$
(673)
(0.7)%
Non-interest-bearing deposits
39,776
39,738
39,538
38
0.1%
238
0.6%
Total Deposits
$
129,140
$
130,691
$
129,575
$
(1,551)
(1.2)%
$
(435)
(0.3)%
($ amounts in millions)
3Q26
2Q26
3Q25
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Consumer Bank Segment
$
80,116
$
80,624
$
79,698
$
(508)
(0.6)%
$
418
0.5%
Corporate Bank Segment
39,505
40,106
39,733
(601)
(1.5)%
(228)
(0.6)%
Wealth Management Segment
7,484
7,594
7,262
(110)
(1.4)%
222
3.1%
Other*
2,035
2,367
2,882
(332)
(14.0)%
(847)
(29.4)%
Total Deposits
$
129,140
$
130,691
$
129,575
$
(1,551)
(1.2)%
$
(435)
(0.3)%
End of Period Deposits
9/30/2026
9/30/2026
($ amounts in millions)
9/30/2026
6/30/2026
9/30/2025
vs. 6/30/2026
vs. 9/30/2025
Consumer Bank Segment
$
80,975
$
80,972
$
79,689
$
3
—%
$
1,286
1.6%
Corporate Bank Segment
39,270
39,952
40,415
(682)
(1.7)%
(1,145)
(2.8)%
Wealth Management Segment
7,437
7,466
7,654
(29)
(0.4)%
(217)
(2.8)%
Other*
1,828
2,320
2,576
(492)
(21.2)%
(748)
(29.0)%
Total Deposits
$
129,510
$
130,710
$
130,334
$
(1,200)
(0.9)%
$
(824)
(0.6)%
NM - Not meaningful.
*Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, selected deposits and brokered time deposits) and additional wholesale funding arrangements.
The company's deposit base has continued to be a source of strength and an industry differentiator in liquidity and margin performance. Average and ending deposits declined modestly during the quarter.
The decline in corporate deposits was driven primarily by a limited number of large commercial clients that strategically reallocated interest-bearing balances to off-balance sheet products through the bank's institutional investment services group. Importantly, underlying deposit trends remained healthy during the quarter, supported by continued growth in new accounts and increases in both average and ending non-interest bearing balances. In addition, the company continued to manage substantial excess client balances for commercial clients totaling approximately $16 billion through highly-liquid off-balance sheet investment solutions.
5
Asset quality
As of and for the Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
9/30/2025
Allowance for credit losses (ACL) at period end
$1,609
$1,613
$1,713
ACL/Loans, net
1.61%
1.63%
1.78%
Business criticized loans to total business loans
4.71%
5.01%
5.81%
Allowance for credit losses to non-performing loans, excluding loans held for sale
275%
241%
226%
Provision for credit losses
$68
$68
$105
Net loans charged-off
$72
$102
$135
Net loans charged-off as a % of average loans, annualized
0.29%
0.42%
0.55%
Non-performing loans, excluding loans held for sale/Loans, net
0.59%
0.67%
0.79%
NPAs (ex. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale
0.62%
0.69%
0.82%
NPAs (inc. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale*
0.78%
0.85%
0.98%
Total Criticized Loans—Business Services
**
$3,203
$3,370
$3,682
* Excludes fully guaranteed residential first mortgages that are 90+ days past due and still accruing.
** Business services represents the combined total of commercial and investor real estate loans.
Asset quality trends improved during the quarter, reflecting the strength and resiliency of the company's customer base and continued disciplined risk management practices. Feedback from commercial customers and ongoing engagement by relationship managers indicates business sentiment remains constructive, while consumer credit fundamentals remain healthy. Consumer spending patterns across Regions' customer base were generally consistent with recent trends, and employment conditions remain supportive. While these trends remain favorable, the company continues to closely monitor economic uncertainty and portfolios with heightened risk or interest rate sensitivity.
Net charge-offs were $72 million or an annualized 29 basis points of average loans, representing a 13 basis point decrease compared to the second quarter of 2026. Business services criticized and total non-performing loans both declined during the quarter. The ratio of non-performing loans as a percentage of total loans declined 8 basis points to 0.59 percent, and the ratio of business services criticized loans as a percentage of total business loans declined 30 basis points to 4.71 percent.
Changes in portfolio composition, including growth in higher-quality loans and runoff in certain higher-risk portfolios, drove a modest reduction in the allowance during the quarter. That impact was partially offset by the recent increases in interest rates and ongoing macroeconomic uncertainty. As a result, the allowance for credit losses remained relatively stable, the allowance ratio decreased 2 basis points to 1.61 percent, and coverage of non-performing loans increased to 275 percent.
6
Capital and liquidity
As of and for Quarter Ended
9/30/2026
6/30/2026
9/30/2025
Common Equity Tier 1 ratio
(2)
10.8%
10.7%
10.9%
Tier 1 capital ratio
(2)
11.9%
11.8%
12.0%
Total shareholders' equity to total assets
10.93%
11.68%
11.91%
Tangible common shareholders’ equity to tangible assets (non-GAAP)
(1)
6.83%
7.55%
7.74%
Common book value per share
$19.38
$20.48
$19.98
Tangible common book value per share (non-GAAP)
(1)
$12.65
$13.78
$13.49
Loans, net of unearned income, to total deposits
77.1%
75.9%
73.8%
Regions maintained a strong capital position in the third quarter with estimated capital ratios remaining well above current regulatory requirements. At quarter-end, the Common Equity Tier 1 (CET1)
(2)
and Tier 1 capital
(2)
ratios were estimated at 10.8 percent and 11.9 percent respectively.
During the third quarter, the company repurchased approximately 3 million shares of common stock for a total of $95 million through open-market purchases and declared $255 million in dividends to common shareholders.
The company's liquidity position also remained robust with total available liquidity as of Sept. 30, 2026, of approximately $64 billion, which includes cash held at the Federal Reserve, FHLB borrowing capacity, unencumbered securities, and capacity at the Federal Reserve's facilities such as the Discount Window or Standing Repo Operations. These sources are sufficient to cover uninsured deposits at a ratio of approximately 170 percent as of quarter-end (excluding intercompany and secured deposits).
(1) Non-GAAP; refer to reconciliations on pages
13
17
,
18
,
19
and
20
of the financial supplement to this earnings release included as Exhibit 99.2 to the company's Current Report on Form 8-K that was furnished to the SEC on Oct. 16, 2026.
(2) Current quarter Common Equity Tier 1 and Tier 1 capital ratios are estimated.
Conference Call
The company will hold a live audio webcast to discuss third quarter 2026 results on Oct. 16, 2026 at 10 a.m. ET. To access this live audio webcast, visit the Investor Relations page at ir.regions.com. An archived recording of the webcast will be available at the Investor Relations page at ir.regions.com following the live event.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $163 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,200 banking offices and more than 1,750 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
7
Forward-Looking Statements
This 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.
•
The 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 Community Reinvestment Act 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
8
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.
•
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 “Cautionary Note Regarding Forward-Looking Statements and Risk Factor Summary” and “Risk Factors” in Regions’ Annual Report on Form 10-K for the year ended Dec. 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 Chris Best (205) 264-7040; Regions’ Media contact is Jeremy King at (205) 264-4551.
Use of Non-GAAP Financial Measures
Management uses pre-tax pre-provision income (non-GAAP), adjusted pre-tax pre-provision income (non-GAAP), the adjusted efficiency ratio (non-GAAP), the adjusted fee income ratio (non-GAAP), return on average tangible common shareholders' equity (non-GAAP), adjusted return on average tangible common shareholders' equity (non-GAAP), as well as adjusted net income available to common shareholders (non-GAAP) and adjusted diluted EPS (non-GAAP) 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. Adjusted non-interest income (non-GAAP) and adjusted non-interest expense (non-GAAP) are used to determine adjusted pre-tax pre-provision income (non-GAAP). Net interest income (GAAP) 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. 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). Return on average tangible common shareholders' equity (non-GAAP) is calculated by dividing net income available to common shareholders (GAAP) by the average tangible common shareholders’ equity (non-GAAP). 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 return on average tangible common shareholders’ equity. Adjusted return on average tangible common shareholders' equity is calculated by dividing the adjusted net income available to common shareholders (non-GAAP) by the average tangible common shareholders’ equity (non-GAAP).
Regions believes that the exclusion of these adjustments 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. Regions believes that presentation of these non-GAAP financial measures will permit investors to assess the performance of the company on the same basis as that applied by management. Tangible common book value per share is calculated by dividing tangible common shareholders' equity (non-GAAP) by tangible assets (non-GAAP). The numerator for tangible book value per share (non-GAAP), tangible common shareholders' equity (non-GAAP), is calculated by excluding intangible assets and the deferred tax liability related to intangible assets from common shareholders' equity (GAAP). The denominator for tangible book value per share (non-GAAP), tangible assets (non-GAAP), is calculated by excluding intangible assets and the deferred tax liability related to intangible assets from total assets (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. Since analysts and banking regulators may assess Regions’ capital adequacy using tangible common shareholders’ equity to tangible assets, management believes that it is useful to provide investors the ability to assess Regions’ capital adequacy on this same basis.
Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. Although these 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 selected items does not represent the amount that effectively accrues directly to stockholders. 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 of non-GAAP financial measures presented herein.
Management and the Board of Directors utilize non-GAAP measures as follows:
•
Preparation of Regions' operating budgets
•
Monthly financial performance reporting
•
Monthly close-out reporting of consolidated results (management only)
•
Presentation to investors of company performance
•
Metrics for incentive compensation
See
the company's Financial Supplement, included as
Exhibit 99.2
to the company's Current Report on Form 8-K furnished to the SEC on Oct. 16, 2026, for reconciliations of and additional information regarding the company's non-GAAP financial measures.
9

----- rf-2026930xexhibit993.htm -----
EX-99.3
4
rf-2026930xexhibit993.htm
EX-99.3
rf-2026930xexhibit993
3rd Quarter Earnings October 16, 2026 Exhibit 99.3
2 Highlights • Proven history of consistently generating best-in-class returns in our peer group(2) • Investing in talent, technology, products, and key markets to strengthen long-term competitiveness • Maintaining strong credit quality while actively managing risk • Record Capital Markets revenue (ex CVA/DVA) and Treasury Management performance drove strong fee-based business momentum • Advancing cloud-based deposit platform implementation and broader modernization efforts • Well-positioned for continued growth supported by a strong franchise, healthy customer relationships, and disciplined execution Third Quarter Overview Continue to deliver consistent, sustainable long-term performance (1) Non-GAAP, see appendix for reconciliation. In certain instances no adjustments have been made and the resulting "adjusted" figure is therefore equal to the reported amount and no reconciliation has been provided. (2) Peers include CFG, FCNCA, FHN, FITB, HBAN, HWC, KEY, MTB, PNC, SSB, TFC, USB, ZION. Key Performance Metrics 3Q26 Reported Adjusted(1) Net Income Available to Common Shareholders $611M $622M Diluted Earnings Per Share $0.71 $0.73 Total Revenue $1,973M $1,988M Non-Interest Expense $1,118M $1,118M Pre-Tax Pre-Provision Income(1) $855M $870M Efficiency Ratio 56.2% 55.8% Net-Charge Offs / Avg Loans 0.29% 0.29% Return on Average Tangible Common Equity(1) 21.27% 21.66%
3 QoQ Highlights & Outlook • Avg and ending loans increased modestly • Avg business loans increased 1%, while avg consumer loans declined modestly • Broad-based C&I lending activity continued to drive growth, led by government & public sector and wholesale & financial services • Growth remained concentrated in investment-grade clients, with encouraging production across emerging commercial and middle-market businesses • Investments in bankers, capabilities, and key markets continue to drive new client acquisition and deepen existing relationships • Client sentiment remains constructive, with pipelines and commitments up 19% and 6% YoY • Continue to expect FY26 avg loan balances to be up low single digits compared to FY25 $96.1 $99.2 $99.8 $63.4 $67.2 $68.0 $32.7 $32.0 $31.8 3Q25 2Q26 3Q26 $96.6 $98.7 $99.2 $63.8 $66.6 $67.3 $32.8 $32.1 $31.9 3Q25 2Q26 3Q26 Average Loans & Leases ($ in billions) Business LoansConsumer Loans Ending Loans & Leases ($ in billions) Loans Relationship-driven growth supported by healthy client demand
4 QoQ Highlights & Outlook • Avg and ending deposits decreased modestly, primarily reflecting activity from a few large commercial relationships and expected seasonal public funds outflows • Underlying commercial trends remain healthy, supported by growth in new accounts and commercial non-interest- bearing balances ◦ Continue to manage ~$16B of excess commercial client balances through highly-liquid off-balance sheet investment solutions • Retail deposits performed as expected, with new account growth partially offset by expected seasonal spending patterns • Deposit costs remained well controlled through disciplined pricing and active balance sheet management • NIB mix remained stable in the low 30% range • Continue to expect FY26 avg balances to be up low single digits compared to FY25 $130.3 $130.7 $129.5 $79.7 $81.0 $81.0 $40.4 $40.0 $39.3 $7.6 $7.4 $7.4 $2.6 $2.3 $1.8 3Q25 2Q26 3Q26 $129.6 $130.7 $129.1 $79.7 $80.6 $80.1 $39.7 $40.1 $39.5 $7.3 $7.6 $7.5 $2.9 $2.4 $2.0 1.39% 1.18% 1.17% 3Q25 2Q26 3Q26 (1) Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, Eurodollar trade deposits, selected deposits and brokered time deposits). (2) IB deposit costs were 1.70%, 1.69%, and 2.01% in 3Q26, 2Q26, and 3Q25, respectively. Average Deposits by Segment ($ in billions) Deposits Disciplined deposit management supported by a strong franchise Wealth Mgt Other(1) Consumer Bank Corporate Bank Ending Deposits by Segment ($ in billions) Total Deposit Costs(2)
5 • 4Q26 NII expected to increase 1 – 2%(5) vs 3Q26, supported by higher rates, structural repricing, deposit cost discipline, balance sheet growth, and the seasonal HR asset dividend • 4Q26 NIM expected to be ~3.70% $1,277 $1,298 NII & Margin Performance Well protected NII & margin; growth from balance sheet repricing and expansion $1,269 $1,291 $1,314 3.59% 3.66% 3.68% 3Q25 2Q26 3Q26 NII NIM FTE NII and NIM ($ in millions) NII Attribution ($ in millions) 2Q26 Fixed Asset Turnover(1) Days Higher Hedge Rates Other(2) Loan Balances Securities Reposition(3) Funding Mix 3Q26 NII +$10M +$6M +$4M +$3M +$2M +$2M -$6M +$21M NIM +3bps -2bps +1bp +2bps -1bp +1bp -2bps +2bps 4Q 2026 Expecations NII increased 2% QoQ; NIM increased 2bps to 3.68% • Positioned well to benefit from elevated/increasing long-term interest rates through fixed-rate asset turnover ◦ Higher long-term rates enhanced the NII benefit from fixed- rate asset turnover relative to 2Q(4) ◦ Sold ~$845M of Agency CMBS/CMOs at $15M pre-tax loss; reinvested proceeds in Agency MBS at higher market yields • Higher hedge receive rate; legacy maturities replaced by forward starting swaps • Mostly stable deposit cost QoQ driven by disciplined deposit cost management ◦ 3Q interest-bearing deposit cost +1bps QoQ ◦ Expect terminal rising rate beta of mid/high 30%s, supporting a neutral short-term rate risk position 3Q NII and NIM Drivers (1) Fixed rate asset turnover includes the benefits of loan and securities production at higher market rates than maturities and securities premium amortization net discount accretion. (2) Other includes positive credit interest recoveries, the 2Q debt issuance cost, and other miscellaneous items. (3) Incremental NII driven by securities repositions done at the beginning of 2Q and middle of 3Q. (4) New fixed-rate asset yields were approximately 100bps above maturing asset yields in 3Q, compared with 85bps in 2Q. (5) Current expectations assume next Fed rate hike occurs in December and stable long-term rates.
6 QoQ Highlights & Outlook • NIR increased 7% on a reported basis and 3% on an adjusted(1) basis • Record Capital Markets revenue (Ex CVA/DVA) increased 23%, driven by stronger M&A advisory activity, securities underwriting & placement fees, commercial swap income, and syndications revenue; 4Q revenue expected within the $90 – $105M range • Service charges increased 2%, inclusive of record quarterly Treasury Management results, 1 additional day, and seasonally higher consumer related activity • Commercial credit fees, bank-owned life insurance income, and other NIR also contributed to growth • Market value adjustments for employee benefit assets decreased $28M but were largely offset in NIE • Wealth Management income decreased 3%, driven by lower production volumes compared to a record 2Q • Continue to expect FY26 adjusted non-interest income to grow 3 – 5% vs FY25,(4) with results currently tracking toward the lower end of the range $684 $670 $690 3Q25 2Q26 3Q26 ($ in millions) Change vs 3Q26 2Q26 3Q25 Service Charges – Consumer(2) $106 6.0% 7.1% Service Charges – Corporate(3) $64 (3.0)% 4.9% Wealth Management Income 146 (2.7)% 5.0% Card and ATM Fees 126 —% 3.3% Capital Markets (Ex CVA/DVA) 106 23.3% 1.9% Mortgage Income 32 (3.0)% (15.8)% Other 45 28.6% (22.4)% Non-Interest Income (1) Non-GAAP; see appendix for reconciliation. (2) Consumer overdrafts typically represent approximately half of these amounts each quarter. (3) The majority of these amounts relate to Treasury Management (TM) activities and typically represent approximately two-thirds of total TM revenue each quarter. (4) See appendix for further information on the forward-looking guidance provided by the Company with respect to this non-GAAP measure. $659 $630 $675 3Q25 2Q26 3Q26 Non-Interest Income ($ in millions) Adj. Non-Interest Income(1) ($ in millions)
7 QoQ Highlights & Outlook • NIE was relatively stable on both a reported and adjusted(1) basis • S&B remained well controlled, as increases in base salaries and revenue-based incentives were offset by lower market value adjustments for supplemental employee benefit liabilities • Continued investments in technology and infrastructure drove a 6% increase in equipment and software expense • Continue to expect FY26 adjusted NIE (inclusive of investments) to be up 1.5 – 3.5% vs FY25; Anticipate generating FY adj. positive operating leverage(3) $1,103 $1,121 $1,118 57.2% 58.3% 56.2% Non-interest expense Efficiency ratio 3Q25 2Q26 3Q26 $1,111 $1,116 $1,118 56.9% 56.9% 55.8% Adjusted non-interest expense Adjusted efficiency ratio 3Q25 2Q26 3Q26 Non-Interest Expense (1) (1) Non-Interest Expense ($ in millions) Adj. Non-Interest Expense(1) ($ in millions) $3,387 $3,419 $3,434 $3,443 $3,541 $3,698 $3,886 $4,262 $4,227 $4,331 $135 $22 Adjusted non-interest expense Incremental operational losses Include expenses associated with acquisitions 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2.8% CAGR Adj. Non-Interest Expense(1) ($ in millions) (1) (2) (1) Non-GAAP; see appendix for reconciliation. (2) 2Q20 acquisition of Ascentium Capital and 4Q21 acquisitions of EnerBank, Sabal Capital Partners, and Clearsight Advisors. (3) See appendix for further information on the forward-looking guidance provided by the Company with respect to this non-GAAP measure.
8 QoQ Highlights & Outlook • 3Q annualized NCOs decreased 13bps to 29bps • NPL ratio declined 8bps to 59bps, while the business services criticized ratio declined 30bps to 4.71% of business loans • Provision of $68M; ACL ratio declined 2bps to 1.61%; NPL coverage remained strong at 275% • Continue to expect FY26 NCOs to be between 40 - 50bps, trending toward the low end of the range Asset Quality Trends reflecting strength and resiliency of customer base $1,713 $1,613 $1,609 1.78% 1.63% 1.61% 226% 241% 275% ACL ACL/Loans ACL/NPLs 3Q25 2Q26 3Q26 $135 $102 $720.55% 0.42% 0.29% NCOs NCOs Ratio 3Q25 2Q26 3Q26 $758 $668 $585 0.79% 0.67% 0.59% NPLs - excluding LHFS NPL/Loans 3Q25 2Q26 3Q26 (1) $ in Millions. Net Charge-Offs(1) Allowance for Credit Losses (ACL)(1) Non-Performing Loans (NPLs)(1)
9 QoQ Highlights & Outlook • Declared 3Q common dividends of $255M and executed $95M in share repurchases • Dividend payout target of 40-50% of earnings • Common book value per share of $19.38 and tangible common book value per share of $12.65 • Total Liquidity Sources well above required levels as informed by internal liquidity stress testing • Including capacity at the discount window, liquidity to uninsured deposits ratio is ~170%(4) 10.9% 10.7% 10.8% 3Q25 2Q26 3Q26 Capital and Liquidity Disciplined capital management supports growth and shareholder returns 12.0% 11.8% 11.9% 3Q25 2Q26 3Q26 Tier 1 Capital Ratio(1) Common Equity Tier 1 Ratio(1) Position ($B) as of 3Q25 2Q26 3Q26 Cash at the Federal Reserve(2) $ 9.0 $ 6.5 $ 7.4 Unencumbered Investment Securities(3) 26.2 26.3 25.1 Federal Home Loan Bank Availability 10.2 9.8 6.9 Discount Window Availability 23.1 25.9 24.8 Total $ 68.5 $ 68.5 $ 64.2 (1) Current quarter ratios are estimated. (2) Fed master account closing balance only. Does not include other small in transit / processing items included in Call Report or SEC reports. (3) Unencumbered Investment Securities comprise securities that are eligible as collateral for secured transactions through market channels or are eligible to be pledged to the Federal Home Loan Bank, the Federal Reserve Discount Window, or the Standing Repo Facility. (4) This ratio excludes intercompany and secured deposits. Total Liquidity Sources
10 Capital Flexibility Consistent, sustainable capital generation and expected regulatory changes support capital levels • Regions continues to demonstrate strong organic capital generation • Basel III Endgame expected to incorporate AOCI into capital calculation and implement broad revisions to risk weights ◦ Rising interest rates in the quarter led to increases in unrealized losses in the securities portfolio and reduced CET1 inclusive of AOCI ◦ Risk weight changes will reduce risk weighted assets • Estimated Basel III Endgame CET1 is ~10%(1)(2), well above our 9.25% - 9.75% operating range(3) - Provides capacity to support growth and capital return ◦ AOCI will normalize over time providing additional capital flexibility; continue to take action to limit capital volatility from AOCI (1) Current quarter ratio is estimated. Charts may not add due to rounding. (2) Non-GAAP; see appendix for reconciliation. (3) See appendix for further information on the forward-looking guidance provided by the Company with respect to this non-GAAP measure. (4) After Tax AOCI on securities as of 09/30/2026 and flat RWAs. (5) Includes current approximate estimates of proposed revisions to Mortgage, Commercial, and Retail risk weights and credit conversion factors for unfunded commitments (subject to change). Capital Generation - Current Framework 10.7% 0.5% (0.2)% (0.2)% (0.1)% 10.8% 2Q26 CET1 Earnings Dividend RWA Growth Share Repurchase 3Q26 CET1 Basel III Endgame Estimate 10.8% (1.8)% 0.9% 10% 3Q26 CET1 - Current Framework AOCI RWA Changes 3Q26 CET1 - Basel III Endgame (1)(2) (1)Capital Management Expected Securities AOCI Burn Down and Impact to CET1(4) 1,298 1,242 1,019 796 591 570 491 413 $1,889 $1,812 $1,510 $1,209 —% 0.06% 0.29% 0.52% AFS HTM CET1 Impact 9/30/2026 YE 2026 YE 2027 YE 2028 ~ 30 basis points of quarterly capital generation after dividend (5) ~ ~
11 Expectations for 4Q26 & FY26 • 4Q26 NII expected to increase 1 – 2% vs 3Q26(3) • 4Q26 NIM expected to be ~3.70%(3) • Expect Capital Markets revenue within the $90 – $105M range in 4Q26, with market conditions and client activity influencing results • Expect to generate FY adj. positive operating leverage in 2026(2) 2026 Expectations (1) Non-GAAP, see appendix for reconciliation of historical amounts. (2) See appendix for further information on the forward-looking guidance provided by the Company with respect to this non-GAAP measure. (3) Current expectations assume next Fed rate hike occurs in December and stable long-term rates. FY 2026 Expectations Net Interest Income (vs. 2025 of $4,991) up 2.5 – 4%(3) Adjusted Non-Interest Income (vs. adjusted 2025 total of $2,585)(1) up 3 – 5%(2) (Expect to be toward lower end) Adjusted Non-Interest Expense (vs. adjusted 2025 total of $4,331)(1) up 1.5 – 3.5%(2) (Inclusive of investments) Average Loans (vs. 2025 of $96,124) up low single digits Average Deposits (vs. 2025 of $129,146) up low single digits Net Charge-Offs / Average Loans 40 – 50 bps (Expect to be toward lower end) Effective Tax Rate 20.5 – 21.5%
Appendix
13 (1) Total number of unique customers who have successfully authenticated and logged into the mobile app at least once within the last 90 days of the quarter. (2) Digital transactions represent online and mobile only; Non-digital transactions represent branches, contact centers and ATMs. (3) Transactions represent Consumer customer deposits, transfers, mobile deposits, fee refunds, withdrawals, payments, official checks, bill payments, and Western Union. Excludes ACH and Debit Card purchases/refunds. (4) Additional security controls in digital channels placed in 4Q23. Active efforts to drive quality digital acquisitions are in-progress resulting in performance improvement vs 2024. (5)JD Power 2020-2022, and 2024-2026 (tied in 2026) U.S. Banking Online Satisfaction Studies; among banks with $60B to $199B in deposits and 200+ branches, which measures customer satisfaction with financial institutions’ website experience for banking account management. Visit jdpower.com/awards for more details. 2.61 2.73 2.75 3Q24 3Q25 3Q26 4.78 5.76 7.19 3Q24 3Q25 3Q26 190 204 231 3Q24 3Q25 3Q26 24% 23% 24% 32% 33% 34% 44% 44% 42% Mobile ATM Branch 3Q24 3Q25 3Q26 75% 78% 81% 25% 22% 19% 3Q24 3Q25 3Q26 Growth in Digital Mobile Banking Log-Ins (Millions) Customer Transactions(2)(3) Deposit Transactions by Channel Mobile Banking Active Users (Millions)(1) Digital Non-Digital +50%+22% 20% 31% 30% 79% 68% 69% 1% 1% 1% Digital Branch Contact Center 3Q24 3Q25 3Q26 Consumer Checking Account Acquisitions by Channel(4) Customer Satisfaction Zelle Transactions (Millions) TransactionsDigital Usage +5% Mobile App Online Banking(5) #1 in Customer Satisfaction for Regional Bank Websites for six of the last seven years and #2 in Customer Satisfaction with Mobile Banking Apps among Regional Banks Average 4.9 out of 5 rating from iOS app store users New Native Mobile App launched. Customer feedback is strong, and usage of key functionality like Zelle and chat at all time highs, with customer chat volume up over 2X prior app levels.
14 • Maintained competitive deposit rates driving balance growth of 1% YoY while preserving our industry leading deposit costs of 82bps YTD • Small Business performance continues to grow; Net checking increased 1.2% YTD; lending production up 46% YTD; new merchant partnership 7% increase in referrals YTD • Increased Mass Affluent market share as mass affluent households grew 9% YoY. • Home equity production up 20% YoY with improved utilization; 3Q production achieved the highest level since 2022 • New credit card accounts up 10% YoY, highest since 2019; increased penetration among existing customers • Full roll out of AI branch coaching tool launched with over 16,000 practice simulations • Returned over 250K hours of banker capacity through process simplification and automation, so bankers can focus more on serving customers • Grew average loan balances 6% YoY in 3Q26, with commitments up 6% YoY, reflecting momentum in our local, expertise‑driven relationship model, and ongoing investments in revenue-producing talent. • Grew Non-Interest Revenue 7% YoY reflecting record quarters for TM and Capital Markets (including strong contributions from Frazier Lanier) ◦ TM revenue up 8% YoY driven by a 170bps increase in penetration and 8% growth in TM relationships ◦ Frazier Lanier revenue exceeding expectations since July acquisition • Expanded Specialized Industries Group with the Launch of a Materiels and Infrastructure Group • Expanded Corporate Banking capabilities with the launch of Regions Whole Loan Advisory, designed to help financial institutions buy, sell and manage whole-loan portfolios • Delivered 34% growth in new commercial logos YTD, reflecting strategic focus on emerging commercial and middle market segments Investments in Our Businesses Investments in talent, technology and strategic acquisitions continue to pay off Corporate Consumer • Non-Interest Revenue, up 5% YoY, from continued strength in Investment Management & Trust Fees, up 5% YoY, and Investment Services Fee Income, up 3% YoY • 3Q26 average Loan balances up 6% YoY • 3Q26 average Deposits balances up 3% YoY • Regions Investment Management recognized as a Best Place to Work for the 6th consecutive year • Private Wealth Management awarded Best Innovation in Financial Planning by Datos Insights • Voice of the Client results for Investment Services remain exceptionally strong: ◦ Overall Satisfaction: 4.67/5.00 ◦ 86% of clients rated their advisor 5-stars • Revenue growth is being delivered through high performer retention and investing in new incremental talent Wealth
15 2026 2027 2028 2029 2030 2031 2032 $23.2B $23.3B $22.0B $18.9B $17.2B $11.7B $5.6B $4.4B $4.8B $4.9B $4.9B $5.1B $5.3B $4.1B $18.8B $18.5B $17.1B $14.0B $12.1B $6.4B $1.5B (Q ua rt er ly A vg ) Asset Hedge Notional 3.11% 3.25% 3.44% 3.62% 3.61% 3.64% 3.82% 3.62% 3.69% 3.69% 3.69% 3.71% 3.72% 3.94% (A nn ua l A vg ) 3Q26 4Q26 1Q27 2Q27 Receive-Fixed, Cash Flow Swaps - Loans $23.2B $23.6B $23.5B $23.6B Pay-Fixed, Fair Value Swaps - AFS Securities $4.3B $4.8B $4.8B $4.8B Net Asset Swap Position(1) $18.9B $18.8B $18.7B $18.8B Cash Flow Swap Receive Rate(3) 3.14% 3.20% 3.24% 3.24% AFS Fair Value Swap Pay Rate(3) 3.60% 3.69% 3.69% 3.69% $2.0B $2.0B $1.7B $1.0B $0.3B $0.3B $0.0BCash Flow Collars - Loans(2) $2.0B $2.0B $2.0B $2.0B Hedging Strategy Update Mostly "neutral" rate risk position protects margin & decreases capital volatility over time Receive-Fixed, Cash Flow Swaps - Loans Cash Flow Collars - Loans(2) Pay-Fixed, Fair Value Swaps - AFS Securities Net Asset Swap Position(1) (1) Net Asset Swap Position equals Receive-Fixed Cash Flow Swaps - Loans minus Pay-Fixed Fair Value Swaps - AFS Securities. (2) Legacy collars have weighted avg. floor of 1.86%, weighted avg. cap of 6.22%. Collars executed in 2026 have weighted avg. floor of 3.30%, weighted avg. cap of 4.75%. Collars use short interest rate caps to pay for long interest rate floors; weighted avg. floor of 2.34%, weighted avg. cap of 5.73%. (3) Floating rate leg of swaps vs overnight SOFR. 3Q26 Asset Hedging Activity Cash Flow Hedging Fair Value Hedging Focused on reducing NIM volatility Focused on reducing AOCI volatility Securities fair value hedges (with offsetting NIM sensitivity transaction) • Added $1.6B in avg start 2030, 5.6Y avg receive-fixed swaps (4.6%) with avg maturity in 2035 to offset interest rate risk associated with fair value AOCI hedges • Added $1.6B in avg start 2030, 5.6Y avg pay-fixed swaps (4.7%) with avg maturity in 2035 to reduce sensitivity of AFS securities AOCI Short-term rate protection in future periods • Added $500M 3Y receive-fixed swaps (4.3%) Medium and long-term rate sensitivity hedges (fixed asset turnover) • Terminated $1.0B in fixed asset turnover swaps hedging 3Q26 as o f 9 /3 0/ 20 26
16(1) Includes AFS securities, the $1.74B unrealized AFS loss, and HTM securities as of 9/30/2026. • Portfolio constructed to protect against changes in market rates ◦ Duration of ~3.8 years (AFS ~3.5 years) as of 9/30/2026; provides offset to long-duration deposit book ◦ 27% of securities in the portfolio are bullet-like (CMBS, corporate bonds, agency bullets, and USTs) ◦ MBS mix concentrated in less sensitive prepayment collateral types: lower loan balances, seasoning, and state- specific geographic concentrations • 98% US Government or Agency guaranteed ◦ ~$393M high quality, investment grade corporate bond portfolio is short-dated (<3.0 year duration) and well diversified across sectors and issuers ◦ The Agency CMBS portfolio is guaranteed by government agencies and is collateralized by mortgage loans on multifamily properties Agency/UST 8% Agency MBS 70% Agency CMBS 21% Corporate Bonds 1% Securities Portfolio Provides downside rate protection/liquidity Securities Portfolio Composition(1) $31.5B AFS, 84% HTM, 16% $31.5B • Reinvestment of paydowns/maturities accretive to portfolio yield by ~1.64% (excluding repositioning activity) • Sold ~$845M Agency CMBS and CMOs at a $15M pre-tax loss, reinvesting into Agency MBS and picking ~100 basis points of yield ◦ Represents normal duration management, adding downside rate protection 3Q26 Activity
17 0.59% —% 0.50% 1.00% 1.50% 2.00% 2.50% 0.29% —% 0.50% 1.00% 1.50% 2.00% Historical Credit Profile Non-Performing Loans Total Net Charge-Offs 1Q20 3Q26 4Q221Q20 4Q22 3Q26 Average Pre-Pandemic 0.46% Average Pandemic 0.35% Average Pre-Pandemic 1.07% Average Pandemic 0.64% 1Q13 1Q13 Average Post-Pandemic 0.46% Average Post-Pandemic 0.75%
18 0.60% —% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 0.14%—% 0.50% 1.00% Consumer Net Charge-Offs(2) Commercial Net Charge-Offs(1) 1Q20 3Q26 4Q22 1Q20 4Q22 3Q26 (1) Includes C&I, CRE - OO and IRE. (2) The spike in Consumer net charge-offs in late 2013 was associated with the move of ~$700M primarily accruing troubled debt restructured residential first mortgage loans to held for sale resulting in ~$150M of charge-offs. The spikes in 3Q22 and 4Q23 were associated with the fair value marks taken on the sales of ~$1.2B and ~$300M consumer unsecured loan portfolios resulting in $63M and $35M of incremental charge-offs, respectively. Average Pre-Pandemic 0.27% Average Pandemic 0.25% Average Pre-Pandemic 0.78% Average Pandemic 0.53% 1Q13 1Q13 Historical Credit Profile Average Post-Pandemic 0.35% Average Post-Pandemic 0.67%
19 Commercial Real Estate (Outstanding balances as of September 30, 2026) Highly Diversified Portfolio (IRE including Unsecured CRE) (1) Excludes $5.4B of Owner-occupied CRE whose source of repayment are individual businesses, and whose credit performance resembles Commercial during periods of stress. (2) Based off 06/30/2026 Risk Based Capital estimate. Supervisory limits in the December 2006 joint regulatory issuance "Guidance on Concentrations in Commercial Real Estate Lending, Sound Risk Management Practices". Residential Land 0.6% Other 4.3% Hotel 4.4% Healthcare 6.9% Retail 7.7% Business Office 4.4% Res. Homebuilders 7.3% Self Storage 1.2% Condo 0.1% Data Center 4.7% Diversified 9.4% Industrial 13.6% Medical Office Building 5.1% Commercial Land 0.1% Apartments 30.2% $17.6B $ in billions % of Total Loans Unsecured CRE (incl. REITs) $ 7.4 7.4 % IRE $ 10.2 10.2 % Total(1) $ 17.6 17.6 % Yearly Loan Maturities 1% 9% 31% 29% 16% 8% 6% Multi-Family Office Other Real Estate Total Real Estate Matured 2026 2027 2028 2029 2030 >5years $— $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 Data Center 15% Diversified 9% Apartments 7% Hotel 11% Industrial 24%Other 6% Healthcare 6% Self Storage 4% Retail 18% REITs within Total: $5.3B Key Portfolio Metrics • Unsecured loans for RE purposes generally have low leverage, with strong access to liquidity ◦ 60% of REIT outstanding balances are investment grade, which provides loss insulation to the overall portfolio ◦ Balance of remaining unsecured is primarily to institutional RE Funds backed by predominantly IG sponsors • Total IRE (incl unsec. CRE) to Risk Based Capital(2): 112% and Construction, Land, and Acq. & Dev. to Risk Based Capital: 17% are well below supervisory limits (300%/100%)
20 CRE- Office Portfolio (Outstanding balances as of September 30, 2026) (1) $ in Millions. Amounts include IRE and CRE Unsecured loans but exclude Held For Sale loans. Metrics represent 9/30/2026 results except for charge-offs, which reflects results for the 9 months ended September 30, 2026, annualized, based on average balances. NPL & ACL percentages are based on Portfolio totals. (2) Stressed LTV based on GreenStreet's Commercial Property Price Index as of October 6, 2026; applied the "Recent Peak" discount to properties where the latest appraisal is >1 year (33% discount); applied the "Past 12 Months" discount to properties where an appraisal occurred within the last year (0% discount). (3) Includes matured balances. (4) Comprised of REITs and business banking borrowers. • Business Offices secured = 99% / unsecured = 1% • IRE WA LTV 68% (based on appraisal at origination or most recent received); Stressed IRE WA LTV 85% using GreenStreet(2) • 66% of secured outstanding IRE balances are located in the South of which 86% is Class A • Investment Grade tenants make up 75% of Single Tenant IRE balances • $508M or approximately 66% of total Office balances will mature in the next 12 months(3) Key Portfolio Metrics(1) Balances $773 % of Total Loans 0.8% NPL $134 NPL / Loans 17.3% Charge-offs $1 Charge-offs / Loans 0.1% ACL $55 ACL / Loans 7.1% Ongoing Portfolio Surveillance 44% 56% Multi-Tenant Single Tenant 82% 18% Class A Class B Investor Real Estate Office Portfolio Overview 80% 20% Suburban Urban ACL Rates Single Tenant Multi Tenant Miscellaneous(4) 6.9% 8.5% 3.2%
21 Transportation - Trucking (Outstanding balances as of September 30, 2026) (1) $ in Millions. Metrics represent 9/30/2026 results except for charge-offs, which reflects results for the 9 months ended September 30, 2026, annualized, based on average balances. NPL & ACL percentages are based on Portfolio totals. Metrics are inclusive of the Ascentium portfolio. Key Portfolio Metrics(1) Balances $1,020 % of Total Loans 1.0% NPL $43 NPL / Loans 4.2% Charge-offs $33 Charge-offs / Loans 4.0% ACL $83 ACL / Loans 8.2% • The Trucking market continues to be driven by carrier exits, driver shortages, and regulatory pressures, resulting in higher spot rates and improving carrier profitability • Trucking capacity remains constrained following an extended period of carrier exits and regulatory pressures, supporting elevated freight rates and increased pricing power for carriers • While the freight cycle has improved and spot-market fundamentals remain strong, the industry is still vulnerable to economic uncertainty and potential freight-demand slowdowns • New originations in the sector continue to be curtailed and those that are being considered are typically secured or targeted towards larger companies • Trucking balances have declined 20% year-over-year, and asset quality has continued to improve Ongoing Portfolio Surveillance
22 Consumer Lending Portfolio • Avg. origination FICO 757 • Current LTV 52% • 99% owner occupied • 3Q26 QTD NCO 0.01% • Avg. origination FICO 763 • Current LTV 39% • 55% of portfolio is 1st lien • Avg. loan size $36,484 • $88M to convert to amortizing or balloon during 2026 • 3Q26 QTD NCO (0.02%) • Avg. origination FICO 782 • Avg. new loan $12,086 • 3Q26 Yield 7.83% • 3Q26 QTD NCO 1.54% • • Avg. origination FICO 776 • Avg. new line $10,301 • 3Q26 Yield 13.58% • 3Q26 QTD NCO 3.85% 5% 5% 5% 5% 11% 6% 7% 14% 9% 81% 68% 78% 2% 2% 2% Cons R/E secured Cons non-R/E secured Total consumer Not Available Above 720 620-680 Below 620 681-720 Consumer FICO Scores(1) (1) Refreshed FICO scores as of 09/30/2026. Consumer R/E secured balances comprise 78% of the Consumer portfolio while Consumer non-R/E balances comprise 22% of the Consumer portfolio. (2) Regions' Home Improvement Financing was formerly known as EnerBank. Residential Mortgage Consumer Credit Card Home Equity Home Improvement Financing(2)
23 $3,244 $1,549 $5,497 $1,791 $654 (1) Non-Depository Financial Institutions (NDFI) $ in Millions is an estimate and based on Call Report Schedule RC-C definition. (2) Defined as Regions' Indirect Leverage Lending, Non-Recourse ABL/Factoring, and Asset-Backed Finance to Funds or Business Development Companies managed by Large Asset Managers. NDFI & Private Credit - Stable Composition and Solid Credit Quality Diversified, investment-grade portfolios aligned with Regions' core markets and industries Loans to Private Credit(2) (12%) • Structural protections in place, such as advance rate and borrowing base analysis, covenants, and frequent reporting requirements • ~80% Investment Grade 9/30/2026(1) $12.7B 12.8% of Total Loans ~72% Investment Grade Private Equity Subscription Lines (14%) Consumer Credit & Mortgage Intermediaries (5%) Other (43%) • Unsecured Equity REITs • Insurance Companies • Equipment Leasing • Supply Chain Finance Specialty Finance Companies (26%) Business Credit Intermediaries (38%) Asset Secured, Recourse Business Credit
24 QoQ Highlights • 3Q allowance was essentially flat compared to the prior quarter, decreasing $4M and resulting in a $68M provision expense. The slight decrease in the ACL and an increase in loan balances resulted in a reduction in the ACL % from 1.63% to 1.61% • The change in ACL resulted from: ◦ Portfolio net decrease driven primarily by improved credit quality and the net effect of growth in high- quality loans and runoff in higher-risk portfolios ◦ Economic/Qualitative net increase driven primarily by macroeconomic uncertainty with consideration of interest rate and oil shock scenarios ◦ The net change in ACL from Specific Reserve borrowers was relatively flat, with decreases due to payoffs offset by new non-performing loans $1,613 $(16) $9 $3 $1,609 Allowance for Credit Losses 09/30/2026 ($ in millions) 06/30/2026 Economic/ Qualitative Changes Specific Reserve Changes Portfolio Changes
25 Pre-R&S period 3Q2026 4Q2026 1Q2027 2Q2027 3Q2027 4Q2027 1Q2028 2Q2028 3Q2028 Real GDP, annualized % change 2.5 % 2.2 % 2.1 % 2.6 % 2.4 % 2.3 % 2.4 % 2.3 % 2.3 % Unemployment rate 4.1 % 4.2 % 4.2 % 4.1 % 4.1 % 4.1 % 4.1 % 4.0 % 4.0 % HPI, year-over-year % change 1.5 % 1.4 % 1.6 % 1.1 % 1.0 % 1.1 % 1.3 % 1.6 % 1.8 % CPI, year-over-year % change 3.4 % 3.7 % 3.4 % 2.3 % 2.4 % 1.9 % 2.0 % 2.1 % 2.2 % Base R&S Economic Outlook (As of September 2026) • A single, base economic forecast represents Regions’ internal outlook for the economy as of 3Q26 over the reasonable & supportable forecast period • Management considered alternative internal and external forecasts to establish appropriate qualitative adjustments • Final qualitative adjustments included consideration of the allowance's sensitivity to economic uncertainties that reflected a 15-20% increase in the unemployment rate
26 As of 9/30/2026 (in millions) Loan Balance ACL ACL/Loans C&I $52,409 $669 1.28 % CRE-OO mortgage 5,072 107 2.11 % CRE-OO construction 296 6 2.01 % Total commercial $57,777 $782 1.35 % IRE mortgage 8,159 148 1.82 % IRE construction 2,052 29 1.43 % Total IRE $10,211 $177 1.74 % Residential first mortgage 19,376 119 0.61 % Home equity lines 3,277 92 2.81 % Home equity loans 2,260 25 1.11 % Consumer credit card 1,512 129 8.56 % Other consumer 5,414 285 5.25 % Total consumer $31,839 $650 2.04 % Total $99,827 $1,609 1.61 % Allowance Allocation
27 Management uses pre-tax pre-provision income (non-GAAP), adjusted pre-tax pre-provision income (non-GAAP), the adjusted efficiency ratio (non-GAAP), the adjusted fee income ratio (non-GAAP), return on average tangible common shareholders' equity (non-GAAP), adjusted return on average tangible common shareholders' equity (non-GAAP), common equity Tier 1 ratio (inclusive of AOCI and estimated adjustments to risk-weighted assets) (non-GAAP),as well as adjusted net income available to common shareholders (non-GAAP) and adjusted diluted EPS (non-GAAP) 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. Adjusted non-interest income (non-GAAP) and adjusted non-interest expense (non-GAAP) are used to determine adjusted pre-tax pre-provision income (non-GAAP). Net interest income (GAAP) 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. 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). Return on average tangible common shareholders' equity (non-GAAP) is calculated by dividing net income available to common shareholders (GAAP) by the average tangible common shareholders’ equity (non-GAAP). 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 return on average tangible common shareholders’ equity. Adjusted return on average tangible common shareholders' equity is calculated by dividing the adjusted net income available to common shareholders (non-GAAP) by the average tangible common shareholders’ equity (non-GAAP). Common equity Tier 1 ratio (inclusive of AOCI and estimated adjustments to risk weighted assets) (non- GAAP) is calculated by dividing the adjusted common equity tier 1 (non-GAAP), which is arrived at by including the AOCI loss on securities and AOCI loss on defined benefit pension plans and other post employment benefits from common equity Tier 1, by the company’s risk-weighted assets (inclusive of estimated adjustments)(non-GAAP) which is calculated by taking total risk-weighted assets (GAAP) less estimated adjustments to risk-weighted assets (non-GAAP). Regions believes that the exclusion of these adjustments 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. Regions believes that presentation of these non-GAAP financial measures will permit investors to assess the performance of the company on the same basis as that applied by management. Tangible common book value per share is calculated by dividing tangible common shareholders' equity (non-GAAP) by tangible assets (non-GAAP). The numerator for tangible book value per share (non-GAAP), tangible common shareholders' equity (non-GAAP), is calculated by excluding intangible assets and the deferred tax liability related to intangible assets from common shareholders' equity (GAAP). The denominator for tangible book value per share (non-GAAP), tangible assets (non-GAAP), is calculated by excluding intangible assets and the deferred tax liability related to intangible assets from total assets (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. Since analysts and banking regulators may assess Regions’ capital adequacy using tangible common shareholders’ equity to tangible assets, management believes that it is useful to provide investors the ability to assess Regions’ capital adequacy on this same basis. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. Although these 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 selected items does not represent the amount that effectively accrues directly to stockholders. 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 of non- GAAP financial measures presented herein. Management and the Board of Directors utilize non-GAAP measures as follows: • Preparation of Regions' operating budgets • Monthly financial performance reporting • Monthly close-out reporting of consolidated results (management only) • Presentation to investors of company performance • Metrics for incentive compensation Note on Forward-Looking Guidance The Company has also provided forward-looking guidance with respect to certain of the non-GAAP measures, which excludes from the corresponding GAAP financial measures the effect of certain adjustments. The Company has not provided a reconciliation of such non-GAAP guidance to guidance presented on a GAAP basis because it cannot predict and quantify without unreasonable effort all of the adjustments that may occur during the period due to the difficulty of presenting the timing and amounts of various items within a reasonable range. Non-GAAP Information
28 As of and for Quarter Ended ($ amounts in millions, except per share data) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 TANGIBLE COMMON RATIOS Shareholders’ equity (GAAP) A $ 17,847 $ 18,840 $ 18,779 $ 19,043 $ 19,049 Less: Preferred stock (GAAP) 1,369 1,369 1,369 1,369 1,369 Common shareholders' equity (GAAP) B 16,478 17,471 17,410 17,674 17,680 Less: Intangible assets (GAAP) 5,868 5,859 5,866 5,873 5,879 Deferred tax liability related to intangibles (GAAP) (146) (143) (141) (138) (133) Tangible common shareholders’ equity (non-GAAP) C $ 10,756 $ 11,755 $ 11,685 $ 11,939 $ 11,934 Total assets (GAAP) D $ 163,213 $ 161,299 $ 160,741 $ 158,814 $ 159,940 Less: Intangible assets (GAAP) 5,868 5,859 5,866 5,873 5,879 Deferred tax liability related to intangibles (GAAP) (146) (143) (141) (138) (133) Tangible assets (non-GAAP) E $ 157,491 $ 155,583 $ 155,016 $ 153,079 $ 154,194 Shares outstanding—end of quarter F 850 853 854 868 885 Total equity to total assets (GAAP) A/D 10.93 % 11.68 % 11.68 % 11.99 % 11.91 % Tangible common shareholders’ equity to tangible assets (non-GAAP) C/E 6.83 % 7.55 % 7.54 % 7.80 % 7.74 % Common book value per share (GAAP) B/F $ 19.38 $ 20.48 $ 20.39 $ 20.36 $ 19.98 Tangible common book value per share (non-GAAP) C/F $ 12.65 $ 13.78 $ 13.69 $ 13.75 $ 13.49 Non-GAAP Reconciliation Tangible Common Ratios
29 Non-GAAP Reconciliation Net Income Available to Common Shareholders, Adjusted Diluted EPS, and Return Ratios NM - Not Meaningful Quarter Ended ($ amounts in millions) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 3Q26 vs. 2Q26 3Q26 vs. 3Q25 Net income available to common shareholders (GAAP) A $ 611 $ 549 $ 539 $ 514 $ 548 $ 62 11.3 % $ 63 11.5 % Adjustments: Securities (gains) losses, net 15 40 — — 25 (25) (62.5) % (10) (40.0) % FDIC insurance special assessment — — — (14) (3) — NM 3 100.0 % Branch consolidation, property and equipment charges — 5 — — (5) (5) (100.0) % 5 100.0 % Total adjustments 15 45 — (14) 17 $ (30) (66.7) % $ (2) (11.8) % Tax impact of adjusted items (4) (11) — 4 (4) 7 63.6 % — — % Adjusted net income available to common shareholders (non-GAAP) B $ 622 $ 583 $ 539 $ 504 $ 561 $ 39 6.7 % $ 61 10.9 % Weighted-average diluted shares C 856 857 868 880 894 Diluted EPS (GAAP) A/C $ 0.71 $ 0.64 $ 0.62 $ 0.58 $ 0.61 $ 0.07 10.9 % $ 0.10 16.4 % Adjusted diluted EPS (non-GAAP) B/C 0.73 0.68 0.62 0.57 0.63 $ 0.05 7.4 % $ 0.10 15.9 % Average shareholders' equity (GAAP) 18,489 18,676 19,077 18,986 18,688 (187) (1.0) % (199) (1.1) % Less: Average preferred stock (GAAP) 1,369 1,369 1,369 1,369 1,369 — — % — — % Average common shareholders' equity (GAAP) D 17,120 17,307 17,708 17,617 17,319 (187) (1.1) % (199) (1.1) % Less: Average intangible assets (GAAP) 5,871 5,863 5,869 5,876 5,883 8 0.1 % (12) (0.2) % Average deferred tax liability related to intangibles (GAAP) (144) (141) (138) (135) (131) (3) (2.1) % (13) (9.9) % Average tangible common shareholders' equity (non-GAAP) E $ 11,393 $ 11,585 $ 11,977 $ 11,876 $ 11,567 (192) (1.7) % (174) (1.5) % Return on average common shareholders' equity (GAAP) A/D 14.16 % 12.73 % 12.35 % 11.58 % 12.56 % Return on average tangible common shareholders' equity (non-GAAP) A/E 21.27 % 19.01 % 18.26 % 17.17 % 18.81 % Adjusted return on average tangible common shareholders' equity (non-GAAP) B/E 21.66 % 20.18 % 18.26 % 16.84 % 19.24 %
30 Non-GAAP Reconciliation Pre-Tax Pre-Provision Income (PPI) Quarter Ended ($ amounts in millions) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 3Q26 vs. 2Q26 3Q26 vs. 3Q25 Net income available to common shareholders (GAAP) $ 611 $ 549 $ 539 $ 514 $ 548 $ 62 11.3 % $ 63 11.5 % Preferred dividends and other (GAAP) 20 21 20 20 21 (1) (4.8) % (1) (4.8) % Income tax expense (GAAP) 156 148 155 174 139 8 5.4 % 17 12.2 % Income before income taxes (GAAP) 787 718 714 708 708 69 9.6 % 79 11.2 % Provision for credit losses (GAAP) 68 68 91 115 105 — — % (37) (35.2) % Pre-tax pre-provision income (non-GAAP) 855 786 805 823 813 69 8.8 % 42 5.2 % Other adjustments: Securities (gains) losses, net 15 40 — — 25 (25) (62.5) % (10) (40.0) % FDIC insurance special assessment — — — (14) (3) — NM 3 100.0 % Branch consolidation, property and equipment charges — 5 — — (5) (5) (100.0) % 5 100.0 % Total other adjustments 15 45 — (14) 17 (30) (66.7) % (2) (11.8) % Adjusted pre-tax pre-provision income (non-GAAP) $ 870 $ 831 $ 805 $ 809 $ 830 $ 39 4.7 % $ 40 4.8 % NM - Not Meaningful
31 Non-GAAP Reconciliation NII, Non-Interest Income/Expense, and Efficiency Ratio NM - Not Meaningful Quarter Ended ($ amounts in millions) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 3Q26 vs. 2Q26 3Q26 vs. 3Q25 Non-interest expense (GAAP) A $ 1,118 $ 1,121 $ 1,068 $ 1,098 $ 1,103 $ (3) (0.3) % $ 15 1.4 % Adjustments: FDIC insurance special assessment — — — 14 3 — NM (3) (100.0) % Branch consolidation, property and equipment charges — (5) — — 5 5 100.0 % (5) (100.0) % Adjusted non-interest expense (non-GAAP) B $ 1,118 $ 1,116 $ 1,068 $ 1,112 $ 1,111 $ 2 0.2 % $ 7 0.6 % Net interest income (GAAP) C $ 1,298 $ 1,277 $ 1,248 $ 1,281 $ 1,257 $ 21 1.6 % $ 41 3.3 % Taxable-equivalent adjustment 16 14 13 13 12 2 14.3 % 4 33.3 % Net interest income, taxable-equivalent basis D $ 1,314 $ 1,291 $ 1,261 $ 1,294 $ 1,269 $ 23 1.8 % $ 45 3.5 % Non-interest income (GAAP) E 675 630 625 640 659 45 7.1 % 16 2.4 % Adjustments: Securities (gains) losses, net 15 40 — — 25 (25) (62.5) % (10) (40.0) % Adjusted non-interest income (non-GAAP) F $ 690 $ 670 $ 625 $ 640 $ 684 20 3.0 % $ 6 0.9 % Total revenue C+E=G $ 1,973 $ 1,907 $ 1,873 $ 1,921 $ 1,916 $ 66 3.5 % $ 57 3.0 % Adjusted total revenue (non-GAAP) C+F=H $ 1,988 $ 1,947 $ 1,873 $ 1,921 $ 1,941 $ 41 2.1 % $ 47 2.4 % Total revenue, taxable-equivalent basis D+E=I $ 1,989 $ 1,921 $ 1,886 $ 1,934 $ 1,928 $ 68 3.5 % $ 61 3.2 % Adjusted total revenue, taxable-equivalent basis (non-GAAP) D+F=J $ 2,004 $ 1,961 $ 1,886 $ 1,934 $ 1,953 $ 43 2.2 % $ 51 2.6 % Operating leverage ratio (GAAP) I-A 1.7 % Adjusted operating leverage ratio (non-GAAP) J-B 1.9 % Efficiency ratio (GAAP) A/I 56.2 % 58.3 % 56.6 % 56.8 % 57.2 % Adjusted efficiency ratio (non-GAAP) B/J 55.8 % 56.9 % 56.6 % 57.5 % 56.9 % Fee income ratio (GAAP) E/I 33.9 % 32.8 % 33.1 % 33.1 % 34.2 % Adjusted fee income ratio (non-GAAP) F/J 34.4 % 34.2 % 33.1 % 33.1 % 35.0 %
32 Non-GAAP Reconciliation Non-Interest Expense Twelve Months Ended December 31 ($ amounts in millions) 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Non-interest expense (GAAP) $ 4,313 $ 4,242 $ 4,416 $ 4,068 $ 3,747 $ 3,643 $ 3,489 $ 3,570 $ 3,491 $ 3,483 Adjustments: FDIC insurance special assessment 17 (16) (119) — — — — — — — Contribution to Regions Financial Corporation foundation — — — (3) (10) — (60) (40) — Professional, legal and regulatory expenses (2) (3) (1) (179) (15) (7) — — — (3) Branch consolidation, property and equipment charges 5 (3) (7) (3) (5) (31) (25) (11) (22) (58) Expenses associated with residential mortgage loan sale — — — — — — — (4) — — Early extinguishment of debt — — 4 — (20) (22) (16) — — (14) Salary and employee benefits—severance charges (2) (30) (31) — (6) (31) (5) (61) (10) (21) Acquisition expense — — — — — (1) — — — — Other miscellaneous expenses — 37 — — — — — — — — Adjusted non-interest expense (non-GAAP) $ 4,331 $ 4,227 $ 4,262 $ 3,886 $ 3,698 $ 3,541 $ 3,443 $ 3,434 $ 3,419 $ 3,387
33 Quarter Ended ($ amounts in millions) 9/30/2026 CET1 RATIOS Common Equity Tier 1(1) A $ 13,968 Adjustments: AOCI gain (loss) on securities(2) (1,889) AOCI gain (loss) on defined benefit pension plans and other post employment benefits (380) Common Equity Tier 1 (inclusive of AOCI)(non-GAAP) B $ 11,699 Total risk-weighted assets(1) C $ 129,237 Less: estimated adjustments to risk-weighted assets(3) $ 11,000 Estimated risk-weighted assets (inclusive of estimated adjustments)(non-GAAP)(3) D $ 118,237 Common Equity Tier 1 ratio(1)(4) A/C 10.8 % Common Equity Tier 1 ratio (inclusive of AOCI and estimated adjustments to risk weighted assets))(non-GAAP)(1)(3)(4)(5) B/D 10 % Non-GAAP Reconciliation CET1- inclusive of AOCI and estimated adjustments to risk-weighted assets (1) Common equity Tier 1 as well as Total risk-weighted assets are estimated. (2) Represents AOCI on AFS and HTM securities (3) The proposed Basel III Endgame rules provide for multiple updates to recalibrate risk-weighted assets, which will reduce overall RWAs. (4) Amounts calculated based upon whole dollar values (5) Consistent with the proposed Basel III Endgame rules, AOCI for CF hedges remains excluded. ~ ~
34 Forward-Looking Statements This presentation, 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. • The 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. Forward-Looking Statements
35 • 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 Community Reinvestment Act 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. • 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 “Cautionary Note Regarding Forward-Looking Statements and Risk Factor Summary” 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 Chris Best at (205) 264-7040; Regions’ Media contact is Jeremy King at (205) 264-4551. Forward-Looking Statements (continued)

----- rf-2026930xexhibitx992.htm -----
EX-99.2
3
rf-2026930xexhibitx992.htm
EX-99.2
Document
Exhibit 99.2
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited)
Third Quarter 2026
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third 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
10
Pre-Tax Pre-Provision Income ("PPI")* and Adjusted PPI*
13
Non-Interest Income, Service Charges on Deposit Accounts by Segment, Wealth Management Income, Capital Markets Income, and Mortgage Income
14
Non-Interest Expense and Salaries and Benefits Expense
16
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, and Tangible Common Ratios
17
Asset Quality
Allowance for Credit Losses, Net Charge-Offs and Related Ratios
21
Non-Performing Loans (excludes loans held for sale), Early and Late Stage Delinquencies
23
Forward-Looking Statements
24
*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 Third Quarter 2026 Earnings Release
Financial Highlights
Quarter Ended
($ amounts in millions, except per share data)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
Earnings Summary
Interest income - taxable equivalent
$
1,800
$
1,762
$
1,715
$
1,781
$
1,808
Interest expense - taxable equivalent
486
471
454
487
539
Net interest income - taxable equivalent
1,314
1,291
1,261
1,294
1,269
Less: Taxable-equivalent adjustment
16
14
13
13
12
Net interest income
1,298
1,277
1,248
1,281
1,257
Provision for credit losses
68
68
91
115
105
Net interest income after provision for credit losses
1,230
1,209
1,157
1,166
1,152
Non-interest income
675
630
625
640
659
Non-interest expense
1,118
1,121
1,068
1,098
1,103
Income before income taxes
787
718
714
708
708
Income tax expense
156
148
155
174
139
Net income
$
631
$
570
$
559
$
534
$
569
Net income available to common shareholders
$
611
$
549
$
539
$
514
$
548
Adjusted net income available to common shareholders (non-GAAP)
(1)
$
622
$
583
$
539
$
504
$
561
Weighted-average shares outstanding—during quarter:
Basic
852
854
863
875
890
Diluted
856
857
868
880
894
Basic earnings per common share
$
0.72
$
0.64
$
0.63
$
0.59
$
0.62
Diluted earnings per common share
$
0.71
$
0.64
$
0.62
$
0.58
$
0.61
Adjusted diluted earnings per common share (non-GAAP)
(1)
$
0.73
$
0.68
$
0.62
$
0.57
$
0.63
Balance Sheet Summary
At quarter-end
Loans, net of unearned income
$
99,827
$
99,200
$
97,926
$
95,637
$
96,125
Allowance for credit losses
(1,609
)
(1,613
)
(1,647
)
(1,686
)
(1,713
)
Assets
163,213
161,299
160,741
158,814
159,940
Deposits
129,510
130,710
131,880
131,128
130,334
Long-term borrowings
5,982
4,628
3,137
4,134
4,785
Shareholders' equity
17,847
18,840
18,779
19,043
19,049
Average balances
Loans, net of unearned income
$
99,183
$
98,722
$
96,423
$
95,651
$
96,647
Assets
161,414
161,237
159,287
158,107
159,089
Deposits
129,140
130,691
130,234
129,850
129,575
Long-term borrowings
4,633
3,617
3,750
4,524
5,527
Shareholders' equity
18,489
18,676
19,077
18,986
18,688
_____
(1) See reconciliation of these non-GAAP measures to the most directly comparable GAAP measures on page
19
.
1
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Selected Ratios and Other Information
As of and for Quarter Ended
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
Return on average assets*
(1)
1.55
%
1.42
%
1.42
%
1.34
%
1.42
%
Return on average common shareholders' equity*
14.16
%
12.73
%
12.35
%
11.58
%
12.56
%
Return on average tangible common shareholders’ equity (non-GAAP)*
(2)
21.27
%
19.01
%
18.26
%
17.17
%
18.81
%
Adjusted return on average tangible common shareholders' equity (non-GAAP) *
(2)
21.66
%
20.18
%
18.26
%
16.84
%
19.24
%
Efficiency ratio
56.2
%
58.3
%
56.6
%
56.8
%
57.2
%
Adjusted efficiency ratio (non-GAAP)
(2)
55.8
%
56.9
%
56.6
%
57.5
%
56.9
%
Dividend payout ratio
(3)
41.8
%
41.2
%
42.3
%
44.8
%
43.0
%
Common book value per share
$
19.38
$
20.48
$
20.39
$
20.36
$
19.98
Tangible common book value per share (non-GAAP)
(2)
$
12.65
$
13.78
$
13.69
$
13.75
$
13.49
Total shareholders' equity to total assets
10.93
%
11.68
%
11.68
%
11.99
%
11.91
%
Tangible common shareholders’ equity to tangible assets (non-GAAP)
(2)
6.83
%
7.55
%
7.54
%
7.80
%
7.74
%
Common Equity Tier 1
(4)
$
13,968
$
13,692
$
13,419
$
13,490
$
13,620
Total risk-weighted assets
(4)
$
129,237
$
127,748
$
125,682
$
123,882
$
125,386
Common Equity Tier 1 ratio
(4)
10.8
%
10.7
%
10.7
%
10.9
%
10.9
%
Tier 1 capital ratio
(4)
11.9
%
11.8
%
11.8
%
12.0
%
12.0
%
Total risk-based capital ratio
(4)
13.7
%
13.7
%
13.6
%
13.9
%
13.8
%
Leverage ratio
(4)
9.8
%
9.7
%
9.6
%
9.7
%
9.7
%
Effective tax rate
19.8
%
20.7
%
21.6
%
24.5
%
19.7
%
Allowance for credit losses as a percentage of loans, net of unearned income
1.61
%
1.63
%
1.68
%
1.76
%
1.78
%
Allowance for credit losses to non-performing loans, excluding loans held for sale
275
%
241
%
238
%
242
%
226
%
Net interest margin (FTE)*
3.68
%
3.66
%
3.67
%
3.70
%
3.59
%
Loans, net of unearned income, to total deposits
77.1
%
75.9
%
74.3
%
72.9
%
73.8
%
Net charge-offs as a percentage of average loans*
0.29
%
0.42
%
0.54
%
0.59
%
0.55
%
Business criticized loans to total business loans
4.71
%
5.01
%
5.15
%
5.31
%
5.81
%
Non-performing loans, excluding loans held for sale, as a percentage of loans
0.59
%
0.67
%
0.71
%
0.73
%
0.79
%
Non-performing assets (excluding loans 90 days past due) as a percentage of loans, foreclosed properties, and non-performing loans held for sale
0.62
%
0.69
%
0.73
%
0.75
%
0.82
%
Non-performing assets (including loans 90 days past due) as a percentage of loans, foreclosed properties, and non-performing loans held for sale
(5)
0.78
%
0.85
%
0.90
%
0.94
%
0.98
%
Associate headcount—full-time equivalent
19,968
20,003
19,910
19,969
19,675
ATMs
1,775
1,777
1,779
1,786
1,874
Branch Statistics
Full service
1,221
1,221
1,221
1,222
1,223
Drive-through/transaction service only
25
25
25
25
25
Total branch outlets
1,246
1,246
1,246
1,247
1,248
*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
13
,
17
,
19
, and
20
.
(3)
Dividend payout ratio reflects dividends declared within the applicable period.
(4)
Current quarter Common equity Tier 1, 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
23
for amounts related to these loans.
2
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Consolidated Balance Sheets
As of
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
Assets:
Cash and due from banks
$
2,867
$
3,177
$
3,445
$
3,112
$
3,073
Interest-bearing deposits in other banks
7,462
6,749
7,698
7,795
9,026
Debt securities held to maturity
5,062
5,271
5,434
5,606
5,769
Debt securities available for sale
26,389
27,388
27,419
27,560
26,886
Loans held for sale
491
591
464
511
573
Loans, net of unearned income
99,827
99,200
97,926
95,637
96,125
Allowance for loan losses
(1,489)
(1,489)
(1,527)
(1,556)
(1,581)
Net loans
98,338
97,711
96,399
94,081
94,544
Other earning assets
1,829
1,574
1,635
1,703
1,513
Premises and equipment, net
1,708
1,704
1,666
1,659
1,742
Interest receivable
506
495
569
571
574
Goodwill
5,748
5,733
5,733
5,733
5,733
Residential mortgage servicing rights at fair value (MSRs)
1,195
958
954
970
976
Other identifiable intangible assets, net
120
126
133
140
146
Other assets
11,498
9,822
9,192
9,373
9,385
Total assets
$
163,213
$
161,299
$
160,741
$
158,814
$
159,940
Liabilities and Equity:
Deposits:
Non-interest-bearing
$
40,783
$
40,538
$
40,062
$
39,530
$
39,768
Interest-bearing
88,727
90,172
91,818
91,598
90,566
Total deposits
129,510
130,710
131,880
131,128
130,334
Borrowed funds:
Federal funds purchased and securities sold under agreements to repurchase
500
200
1,200
—
—
Other short-term borrowings
4,000
2,800
2,000
750
1,300
Short-term borrowings
4,500
3,000
3,200
750
1,300
Long-term borrowings
5,982
4,628
3,137
4,134
4,785
Other liabilities
5,255
4,050
3,680
3,699
4,426
Total liabilities
145,247
142,388
141,897
139,711
140,845
Equity:
Preferred stock, non-cumulative perpetual
1,369
1,369
1,369
1,369
1,369
Common stock
9
9
9
9
9
Additional paid-in capital
9,841
9,915
9,973
10,366
10,780
Retained earnings
11,196
10,840
10,517
10,205
9,922
Treasury stock, at cost
(1,371)
(1,371)
(1,371)
(1,371)
(1,371)
Accumulated other comprehensive income (loss), net
(3,197)
(1,922)
(1,718)
(1,535)
(1,660)
Total shareholders’ equity
17,847
18,840
18,779
19,043
19,049
Noncontrolling interest
119
71
65
60
46
Total equity
17,966
18,911
18,844
19,103
19,095
Total liabilities and equity
$
163,213
$
161,299
$
160,741
$
158,814
$
159,940
3
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
End of Period Loans
As of
9/30/2026
9/30/2026
($ amounts in millions, net of unearned income)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
vs. 6/30/2026
vs. 9/30/2025
Commercial and industrial
$
52,409
$
51,841
$
50,824
$
48,790
$
49,234
$
568
1.1
%
$
3,175
6.4
%
Commercial real estate mortgage—owner-occupied
5,072
5,127
5,004
4,845
4,835
(55)
(1.1)
%
237
4.9
%
Commercial real estate construction—owner-occupied
296
267
261
263
285
29
10.9
%
11
3.9
%
Total commercial
57,777
57,235
56,089
53,898
54,354
542
0.9
%
3,423
6.3
%
Commercial investor real estate mortgage
8,159
7,896
7,706
7,172
7,122
263
3.3
%
1,037
14.6
%
Commercial investor real estate construction
2,052
2,073
1,938
1,934
1,948
(21)
(1.0)
%
104
5.3
%
Total investor real estate
10,211
9,969
9,644
9,106
9,070
242
2.4
%
1,141
12.6
%
Total business
67,988
67,204
65,733
63,004
63,424
784
1.2
%
4,564
7.2
%
Residential first mortgage
19,376
19,498
19,621
19,765
19,881
(122)
(0.6)
%
(505)
(2.5)
%
Home equity—lines of credit
(1)
3,277
3,241
3,210
3,232
3,209
36
1.1
%
68
2.1
%
Home equity—closed-end
(2)
2,260
2,263
2,287
2,324
2,340
(3)
(0.1)
%
(80)
(3.4)
%
Consumer credit card
1,512
1,498
1,472
1,519
1,437
14
0.9
%
75
5.2
%
Other consumer
(3)
5,414
5,496
5,603
5,793
5,834
(82)
(1.5)
%
(420)
(7.2)
%
Total consumer
31,839
31,996
32,193
32,633
32,701
(157)
(0.5)
%
(862)
(2.6)
%
Total Loans
$
99,827
$
99,200
$
97,926
$
95,637
$
96,125
$
627
0.6
%
$
3,702
3.9
%
______
(1)     The balance of Regions' home equity lines of credit consists of $1,407 million of first lien and $1,870 million of second lien at 9/30/2026.
(2)    The balance of Regions' closed-end home equity loans consists of $1,651 million of first lien and $609 million of second lien at 9/30/2026.
(3)    Other consumer loans also include Regions' Home Improvement Financing portfolio balances of $4.6 billion at 9/30/2026, $4.7 billion at 6/30/2026, $4.8 billion at 3/31/2026, $4.9 billion at 12/31/2025 and $5.0 billion at 9/30/2025.
As of
End of Period Loans by Percentage
(1)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
Commercial and industrial
52.5
%
52.3
%
51.9
%
51.0
%
51.2
%
Commercial real estate mortgage—owner-occupied
5.1
%
5.2
%
5.1
%
5.1
%
5.0
%
Commercial real estate construction—owner-occupied
0.3
%
0.3
%
0.3
%
0.3
%
0.3
%
Total commercial
57.9
%
57.7
%
57.3
%
56.4
%
56.5
%
Commercial investor real estate mortgage
8.2
%
8.0
%
7.8
%
7.5
%
7.4
%
Commercial investor real estate construction
2.1
%
2.1
%
2.0
%
2.0
%
2.0
%
Total investor real estate
10.2
%
10.0
%
9.8
%
9.5
%
9.4
%
Total business
68.1
%
67.7
%
67.1
%
65.9
%
66.0
%
Residential first mortgage
19.4
%
19.7
%
20.1
%
20.7
%
20.7
%
Home equity—lines of credit
3.3
%
3.3
%
3.3
%
3.4
%
3.3
%
Home equity—closed-end
2.3
%
2.3
%
2.3
%
2.4
%
2.4
%
Consumer credit card
1.5
%
1.5
%
1.5
%
1.6
%
1.5
%
Other consumer
5.4
%
5.5
%
5.7
%
6.1
%
6.1
%
Total consumer
31.9
%
32.3
%
32.9
%
34.1
%
34.0
%
Total Loans
100.0
%
100.0
%
100.0
%
100.0
%
100.0
%
(1)
Amounts have been calculated using whole dollar values, and therefore such amounts may not add to total amounts.
4
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Average Balances of Loans
Average Balances
($ amounts in millions, net of unearned income)
3Q26
2Q26
1Q26
4Q25
3Q25
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Commercial and industrial
$
51,910
$
51,504
$
49,572
$
48,769
$
49,588
$
406
0.8
%
$
2,322
4.7
%
Commercial real estate mortgage—owner-occupied
5,074
5,089
4,887
4,866
4,860
(15)
(0.3)
%
214
4.4
%
Commercial real estate construction—owner-occupied
286
253
259
260
274
33
13.0
%
12
4.4
%
Total commercial
57,270
56,846
54,718
53,895
54,722
424
0.7
%
2,548
4.7
%
Commercial investor real estate mortgage
7,940
7,798
7,381
7,210
7,087
142
1.8
%
853
12.0
%
Commercial investor real estate construction
2,052
1,991
1,946
1,906
2,051
61
3.1
%
1
—
%
Total investor real estate
9,992
9,789
9,327
9,116
9,138
203
2.1
%
854
9.3
%
Total business
67,262
66,635
64,045
63,011
63,860
627
0.9
%
3,402
5.3
%
Residential first mortgage
19,423
19,551
19,674
19,822
19,944
(128)
(0.7)
%
(521)
(2.6)
%
Home equity—lines of credit
3,256
3,226
3,216
3,219
3,197
30
0.9
%
59
1.8
%
Home equity—closed-end
2,255
2,270
2,298
2,327
2,341
(15)
(0.7)
%
(86)
(3.7)
%
Consumer credit card
1,492
1,474
1,473
1,458
1,420
18
1.2
%
72
5.1
%
Other consumer
(1)
5,495
5,566
5,717
5,814
5,885
(71)
(1.3)
%
(390)
(6.6)
%
Total consumer
31,921
32,087
32,378
32,640
32,787
(166)
(0.5)
%
(866)
(2.6)
%
Total Loans
$
99,183
$
98,722
$
96,423
$
95,651
$
96,647
$
461
0.5
%
$
2,536
2.6
%
Average Balances
Nine Months Ended September 30
($ amounts in millions, net of unearned income)
2026
2025
2026 vs. 2025
Commercial and industrial
$
51,004
$
49,278
$
1,726
3.5
%
Commercial real estate mortgage—owner-occupied
5,018
4,874
144
3.0
%
Commercial real estate construction—owner-occupied
266
287
(21)
(7.3)
%
Total commercial
56,288
54,439
1,849
3.4
%
Commercial investor real estate mortgage
7,708
6,794
914
13.5
%
Commercial investor real estate construction
1,997
2,173
(176)
(8.1)
%
Total investor real estate
9,705
8,967
738
8.2
%
Total business
65,993
63,406
2,587
4.1
%
Residential first mortgage
19,548
19,991
(443)
(2.2)
%
Home equity—lines of credit
3,233
3,167
66
2.1
%
Home equity—closed-end
2,274
2,357
(83)
(3.5)
%
Consumer credit card
1,480
1,404
76
5.4
%
Other consumer
(1)
5,591
5,959
(368)
(6.2)
%
Total consumer
32,126
32,878
(752)
(2.3)
%
Total Loans
$
98,119
$
96,284
$
1,835
1.9
%
_____
(1)    Other consumer loans also include Regions' Home Improvement Financing portfolio balances of $4.6 billion at 9/30/2026, $4.7 billion at 6/30/2026, $4.8 billion at 3/31/2026, $4.9 billion at 12/31/2025 and $5.0 billion at 9/30/2025 (on a quarter-to-date basis); and balances of $4.7 billion at 9/30/2026 and $5.1 billion at 9/30/2025 (on a year-to-date basis).
5
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
End of Period Deposits
As of
9/30/2026
9/30/2026
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
vs. 6/30/2026
vs. 9/30/2025
Non-interest-bearing deposits
$
40,783
$
40,538
$
40,062
$
39,530
$
39,768
$
245
0.6%
$
1,015
2.6%
Interest-bearing checking
23,801
25,001
25,017
25,677
24,669
(1,200)
(4.8)%
(868)
(3.5)%
Savings
12,075
12,277
12,405
11,914
11,944
(202)
(1.6)%
131
1.1%
Money market—domestic
40,170
39,974
41,288
40,119
39,051
196
0.5%
1,119
2.9%
Time deposits
12,681
12,920
13,108
13,888
14,902
(239)
(1.8)%
(2,221)
(14.9)%
Total Deposits
$
129,510
$
130,710
$
131,880
$
131,128
$
130,334
$
(1,200)
(0.9)%
$
(824)
(0.6)%
As of
9/30/2026
9/30/2026
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
vs. 6/30/2026
vs. 9/30/2025
Consumer Bank Segment
$
80,975
$
80,972
$
81,271
$
80,193
$
79,689
$
3
—%
$
1,286
1.6%
Corporate Bank Segment
39,270
39,952
40,574
40,449
40,415
(682)
(1.7)%
(1,145)
(2.8)%
Wealth Management Segment
7,437
7,466
7,750
8,344
7,654
(29)
(0.4)%
(217)
(2.8)%
Other
(1)
1,828
2,320
2,285
2,142
2,576
(492)
(21.2)%
(748)
(29.0)%
Total Deposits
$
129,510
$
130,710
$
131,880
$
131,128
$
130,334
$
(1,200)
(0.9)%
$
(824)
(0.6)%
As of
9/30/2026
9/30/2026
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
vs. 6/30/2026
vs. 9/30/2025
Wealth Management - Private Wealth
$
6,612
$
6,547
$
6,741
$
7,149
$
6,698
$
65
1.0%
$
(86)
(1.3)%
Wealth Management - Institutional Services
825
919
1,009
1,195
956
(94)
(10.2)%
(131)
(13.7)%
Total Wealth Management Segment Deposits
$
7,437
$
7,466
$
7,750
$
8,344
$
7,654
$
(29)
(0.4)%
$
(217)
(2.8)%
As of
End of Period Deposits by Percentage
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
Non-interest-bearing deposits
31.5
%
31.0
%
30.4
%
30.1
%
30.5
%
Interest-bearing checking
18.4
%
19.1
%
19.0
%
19.6
%
18.9
%
Savings
9.3
%
9.4
%
9.4
%
9.1
%
9.2
%
Money market—domestic
31.0
%
30.6
%
31.3
%
30.6
%
30.0
%
Time deposits
9.8
%
9.9
%
9.9
%
10.6
%
11.4
%
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 $1.0 billion at 9/30/2026, $1.6 billion at 6/30/2026, $1.5 billion at 3/31/2026, $1.3 billion at 12/31/2025 and $1.8 billion at 9/30/2025.
6
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Average Balances of Deposits
Average Balances
($ amounts in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Non-interest-bearing deposits
$
39,776
$
39,738
$
39,160
$
39,459
$
39,538
$
38
0.1
%
$
238
0.6
%
Interest-bearing checking
24,513
25,121
25,245
24,528
24,274
(608)
(2.4)
%
239
1.0
%
Savings
12,147
12,355
12,075
11,876
12,046
(208)
(1.7)
%
101
0.8
%
Money market—domestic
39,922
40,382
40,366
39,591
38,593
(460)
(1.1)
%
1,329
3.4
%
Time deposits
12,782
13,095
13,388
14,396
15,124
(313)
(2.4)
%
(2,342)
(15.5)
%
Total Deposits
$
129,140
$
130,691
$
130,234
$
129,850
$
129,575
$
(1,551)
(1.2)
%
(435)
(0.3)
%
Average Balances
($ amounts in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Consumer Bank Segment
$
80,116
$
80,624
$
79,599
$
79,437
$
79,698
$
(508)
(0.6)
%
$
418
0.5
%
Corporate Bank Segment
39,505
40,106
40,707
40,243
39,733
(601)
(1.5)
%
(228)
(0.6)
%
Wealth Management Segment
7,484
7,594
7,777
7,810
7,262
(110)
(1.4)
%
222
3.1
%
Other
(1)
2,035
2,367
2,151
2,360
2,882
(332)
(14.0)
%
(847)
(29.4)
%
Total Deposits
$
129,140
$
130,691
$
130,234
$
129,850
$
129,575
$
(1,551)
(1.2)
%
$
(435)
(0.3)
%
Average Balances
($ amounts in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Wealth Management - Private Wealth
$
6,634
$
6,672
$
6,747
$
6,719
$
6,604
$
(38)
(0.6)
%
$
30
0.5
%
Wealth Management - Institutional Services
850
922
1,030
1,091
658
(72)
(7.8)
%
192
29.2
%
Total Wealth Management Segment Deposits
$
7,484
$
7,594
$
7,777
$
7,810
$
7,262
$
(110)
(1.4)
%
$
222
3.1
%
Average Balances
Nine Months Ended September 30
($ amounts in millions)
2026
2025
2026 vs. 2025
Interest-free deposits
$
39,560
$
39,384
$
176
0.4
%
Interest-bearing checking
24,958
24,722
236
1.0
%
Savings
12,192
12,174
18
0.1
%
Money market—domestic
40,222
37,213
3,009
8.1
%
Time deposits
13,086
15,416
(2,330)
(15.1)
%
Total Deposits
$
130,018
$
128,909
$
1,109
0.9
%
Average Balances
Nine Months Ended September 30
($ amounts in millions)
2026
2025
2026 vs. 2025
Consumer Bank Segment
$
80,115
$
79,444
$
671
0.8
%
Corporate Bank Segment
40,102
39,098
1,004
2.6
%
Wealth Management Segment
7,617
7,394
223
3.0
%
Other
(1)
2,184
2,973
(789)
(26.5)
%
Total Deposits
$
130,018
$
128,909
$
1,109
0.9
%
Average Balances
Nine Months Ended September 30
($ amounts in millions)
2026
2025
2026 vs. 2025
Wealth Management - Private Wealth
$
6,684
$
6,734
$
(50)
(0.7)
%
Wealth Management - Institutional Services
933
660
273
41.4
%
Total Wealth Management Segment Deposits
$
7,617
$
7,394
$
223
3.0
%
(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.
7
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Consolidated Statements of Income (unaudited)
Quarter Ended
($ amounts in millions, except per share data)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
Interest income on:
Loans, including fees
$
1,378
$
1,351
$
1,313
$
1,358
$
1,386
Debt securities
312
305
298
300
293
Loans held for sale
8
8
8
9
9
Other earning assets
86
84
83
101
108
Total interest income
1,784
1,748
1,702
1,768
1,796
Interest expense on:
Deposits
382
385
385
421
456
Short-term borrowings
40
34
17
4
8
Long-term borrowings
64
52
52
62
75
Total interest expense
486
471
454
487
539
Net interest income
1,298
1,277
1,248
1,281
1,257
Provision for credit losses
68
68
91
115
105
Net interest income after provision for credit losses
1,230
1,209
1,157
1,166
1,152
Non-interest income:
Service charges on deposit accounts
171
167
163
163
160
Card and ATM fees
126
126
117
123
122
Wealth management income
146
150
141
143
139
Capital markets income
107
84
84
80
104
Mortgage income
32
33
32
32
38
Securities gains (losses), net
(15)
(41)
(3)
—
(27)
Other
108
111
91
99
123
Total non-interest income
675
630
625
640
659
Non-interest expense:
Salaries and employee benefits
694
697
659
662
671
Equipment and software expense
113
107
108
112
106
Net occupancy expense
74
73
72
74
72
Other
237
244
229
250
254
Total non-interest expense
1,118
1,121
1,068
1,098
1,103
Income before income taxes
787
718
714
708
708
Income tax expense
156
148
155
174
139
Net income
$
631
$
570
$
559
$
534
$
569
Net income available to common shareholders
$
611
$
549
$
539
$
514
$
548
Weighted-average shares outstanding—during quarter:
Basic
852
854
863
875
890
Diluted
856
857
868
880
894
Actual shares outstanding—end of quarter
850
853
854
868
885
Earnings per common share:
(1)
Basic
$
0.72
$
0.64
$
0.63
$
0.59
$
0.62
Diluted
$
0.71
$
0.64
$
0.62
$
0.58
$
0.61
Taxable-equivalent net interest income
$
1,314
$
1,291
$
1,261
$
1,294
$
1,269
________
(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 2026 Earnings Release
Consolidated Statements of Income (continued) (unaudited)
Nine Months Ended September 30
($ amounts in millions, except per share data)
2026
2025
Interest income on:
Loans, including fees
$
4,042
$
4,105
Debt securities
915
845
Loans held for sale
24
26
Other earning assets
253
329
Total interest income
5,234
5,305
Interest expense on:
Deposits
1,152
1,345
Short-term borrowings
91
13
Long-term borrowings
168
237
Total interest expense
1,411
1,595
Net interest income
3,823
3,710
Provision for credit losses
227
355
Net interest income after provision for credit losses
3,596
3,355
Non-interest income:
Service charges on deposit accounts
501
472
Card and ATM fees
369
364
Wealth management income
437
401
Capital markets income
275
267
Mortgage income
97
126
Securities gains (losses), net
(59)
(53)
Other
310
318
Total non-interest income
1,930
1,895
Non-interest expense:
Salaries and employee benefits
2,050
1,954
Equipment and software expense
328
309
Net occupancy expense
219
214
Other
710
738
Total non-interest expense
3,307
3,215
Income before income taxes
2,219
2,035
Income tax expense
459
413
Net income
$
1,760
$
1,622
Net income available to common shareholders
$
1,699
$
1,547
Weighted-average shares outstanding—during year:
Basic
856
898
Diluted
860
902
Actual shares outstanding—end of period
850
885
Earnings per common share:
Basic
$
1.98
$
1.72
Diluted
$
1.97
$
1.72
Taxable-equivalent net interest income
$
3,866
$
3,746
9
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Consolidated Average Daily Balances and Yield/Rate Analysis
Quarter Ended
9/30/2026
6/30/2026
($ 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)
$
33,269
$
312
3.75
%
$
33,286
$
305
3.66
%
Loans held for sale
501
8
6.55
512
8
6.16
Loans, net of unearned income:
Commercial and industrial
(4)
51,910
714
5.40
51,504
697
5.36
Commercial real estate mortgage—owner-occupied
(5)
5,074
68
5.27
5,089
66
5.14
Commercial real estate construction—owner-occupied
286
4
5.65
253
3
5.73
Commercial investor real estate mortgage
7,940
112
5.55
7,798
111
5.63
Commercial investor real estate construction
2,052
36
6.90
1,991
32
6.40
Residential first mortgage
19,423
204
4.18
19,551
201
4.11
Home equity
5,511
90
6.50
5,496
89
6.48
Consumer credit card
1,492
51
13.58
1,474
50
13.69
Other consumer
5,495
115
8.25
5,566
116
8.31
Total loans, net of unearned income
99,183
1,394
5.54
98,722
1,365
5.50
Interest-bearing deposits in other banks
7,204
69
3.79
7,291
69
3.78
Other earning assets
1,580
17
4.33
1,526
15
4.06
Total earning assets
141,737
1,800
5.02
141,337
1,762
4.96
Unrealized gains/(losses) on debt securities available for sale, net
(2)
(1,125)
(769)
Allowance for loan losses
(1,503)
(1,533)
Cash and due from banks
3,001
3,247
Other non-earning assets
19,304
18,955
$
161,414
$
161,237
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings
$
12,147
4
0.13
$
12,355
4
0.12
Interest-bearing checking
24,513
72
1.18
25,121
74
1.17
Money market
39,922
208
2.07
40,382
209
2.07
Time deposits
12,782
98
3.02
13,095
98
3.02
Total interest-bearing deposits
(6)
89,364
382
1.70
90,953
385
1.69
Federal funds purchased and securities sold under agreements to repurchase
1,677
16
3.69
1,096
9
3.64
Other short-term borrowings
2,428
24
3.88
2,592
25
3.81
Long-term borrowings
4,633
64
5.46
3,617
52
5.69
Total interest-bearing liabilities
98,102
486
1.97
98,258
471
1.92
Non-interest-bearing deposits
(6)
39,776
—
—
39,738
—
—
Total funding sources
137,878
486
1.40
137,996
471
1.37
Net interest spread
(2)
3.05
3.04
Other liabilities
4,975
4,500
Shareholders’ equity
18,489
18,676
Noncontrolling interest
72
65
$
161,414
$
161,237
Net interest income/margin FTE basis
(2)
$
1,314
3.68
%
$
1,291
3.66
%
_______
(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 and $1 million for the quarter ended September 30, 2026 and June 30, 2026, respectively.
(4) Interest income includes hedging expense of $29 million and $30 million for the quarter ended September 30, 2026 and June 30, 2026, respectively.
(5) Interest income includes hedging expense of $3 million and $4 million for the quarter ended September 30, 2026 and June 30, 2026, respectively.
(6) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest-bearing deposits. The rates for total deposit costs equal 1.17% and 1.18% for the quarter ended September 30, 2026 and June 30, 2026, respectively.
10
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Consolidated Average Daily Balances and Yield/Rate Analysis (continued)
Quarter Ended
3/31/2026
12/31/2025
9/30/2025
($ 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:
Debt securities
(2)(3)
33,530
298
3.56
%
33,464
300
3.58
%
33,223
293
3.53
%
Loans held for sale
579
8
5.48
642
9
5.73
662
9
5.52
Loans, net of unearned income:
Commercial and industrial
(4)
49,572
665
5.37
48,769
688
5.53
49,588
714
5.65
Commercial real estate mortgage—owner-occupied
(5)
4,887
63
5.14
4,866
65
5.16
4,860
62
5.04
Commercial real estate construction—owner-occupied
259
4
5.60
260
3
5.72
274
4
5.96
Commercial investor real estate mortgage
7,381
106
5.72
7,210
116
6.29
7,087
114
6.30
Commercial investor real estate construction
1,946
32
6.51
1,906
33
6.85
2,051
37
7.12
Residential first mortgage
19,674
200
4.07
19,822
202
4.07
19,944
202
4.06
Home equity
5,514
89
6.50
5,546
91
6.57
5,538
91
6.54
Consumer credit card
1,473
51
14.00
1,458
51
14.06
1,420
52
14.46
Other consumer
5,717
116
8.26
5,814
122
8.26
5,885
122
8.14
Total loans, net of unearned income
96,423
1,326
5.51
95,651
1,371
5.65
96,647
1,398
5.70
Interest-bearing deposits in other banks
7,415
69
3.79
7,596
79
4.07
8,316
94
4.51
Other earning assets
1,481
14
3.72
1,456
22
6.21
1,519
14
3.63
Total earning assets
139,428
1,715
4.93
138,809
1,781
5.07
140,367
1,808
5.09
Unrealized gains/(losses) on debt securities available for sale, net
(2)
(580)
(641)
(1,001)
Allowance for loan losses
(1,552)
(1,545)
(1,616)
Cash and due from banks
3,275
3,055
2,892
Other non-earning assets
18,716
18,429
18,447
$
159,287
$
158,107
$
159,089
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings
$
12,075
4
0.13
$
11,876
3
0.10
$
12,046
4
0.13
Interest-bearing checking
25,245
71
1.15
24,528
78
1.26
24,274
86
1.41
Money market
40,366
207
2.08
39,591
220
2.20
38,593
234
2.40
Time deposits
13,388
103
3.12
14,396
120
3.33
15,124
132
3.45
Total interest-bearing deposits
(6)
91,074
385
1.72
90,391
421
1.85
90,037
456
2.01
Federal funds purchased and securities sold under agreements to repurchase
655
7
3.66
52
2
3.91
48
—
4.36
Other short-term borrowings
1,077
10
3.80
211
2
4.25
696
8
4.49
Long-term borrowings
3,750
52
5.56
4,524
62
5.40
5,527
75
5.39
Total interest-bearing liabilities
96,556
454
1.91
95,178
487
2.03
96,308
539
2.22
Non-interest-bearing deposits
(6)
39,160
—
—
39,459
—
—
39,538
—
—
Total funding sources
135,716
454
1.35
134,637
487
1.43
135,846
539
1.57
Net interest spread
(2)
3.02
3.04
2.87
Other liabilities
4,435
4,438
4,515
Shareholders’ equity
19,077
18,986
18,688
Noncontrolling interest
59
46
40
$
159,287
$
158,107
$
159,089
Net interest income/margin FTE basis
(2)
$
1,261
3.67
%
$
1,294
3.70
%
$
1,269
3.59
%
_______
(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 $1 million, $5 million, $7 million and for the quarter ended March 31, 2026, December 31, 2025, and September 30, 2025, respectively.
(4) Interest income includes hedging expense of $32 million, $44 million, and $58 million for the quarter ended March 31, 2026, December 31, 2025, and September 30, 2025, respectively.
(5) Interest income includes hedging expense of $4 million, $6 million, and $7 million for the quarter ended March 31, 2026,December 31, 2025, and September 30, 2025, respectively.
(6) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest-bearing deposits. The rates for total deposit costs equal 1.20%, 1.29%, and 1.39% for the quarter ended March 31, 2026, December 31, 2025, and September 30, 2025, respectively.
11
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Consolidated Average Daily Balances and Yield/Rate Analysis (continued)
Nine Months Ended September 30
2026
2025
($ 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:
Federal funds sold and securities purchased under agreements to resell
$
—
$
—
—
%
$
1
$
—
4.42
%
Debt securities
(2)(3)
33,361
915
3.66
32,798
845
3.44
Loans held for sale
531
24
6.04
535
26
6.50
Loans, net of unearned income:
Commercial and industrial
(4)
51,004
2,076
5.38
49,278
2,109
5.65
Commercial real estate mortgage—owner-occupied
(5)
5,018
197
5.18
4,874
184
4.98
Commercial real estate construction—owner-occupied
266
11
5.66
287
13
5.83
Commercial investor real estate mortgage
7,708
329
5.63
6,794
327
6.34
Commercial investor real estate construction
1,997
100
6.61
2,173
117
7.10
Residential first mortgage
19,548
605
4.12
19,991
600
4.00
Home equity
5,507
268
6.50
5,524
272
6.56
Consumer credit card
1,480
152
13.75
1,404
152
14.42
Other consumer
5,591
347
8.27
5,959
367
8.25
Total loans, net of unearned income
98,119
4,085
5.52
96,284
4,141
5.70
Interest-bearing deposits in other banks
7,303
207
3.79
8,529
285
4.48
Other earning assets
1,528
46
4.04
1,490
44
3.92
Total earning assets
140,842
5,277
4.97
139,637
5,341
5.08
Unrealized gains/(losses) on debt securities available for sale, net
(2)
(826)
(1,352)
Allowance for loan losses
(1,529)
(1,628)
Cash and due from banks
3,173
2,914
Other non-earning assets
18,994
18,417
$
160,654
$
157,988
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings
$
12,192
12
0.13
$
12,174
12
0.13
Interest-bearing checking
24,958
217
1.17
24,722
263
1.42
Money market
40,222
624
2.07
37,213
658
2.37
Time deposits
13,086
299
3.05
15,416
412
3.57
Total interest-bearing deposits
(6)
90,458
1,152
1.70
89,525
1,345
2.01
Federal funds purchased and securities sold under agreements to repurchase
1,146
32
3.67
56
1
4.39
Other short-term borrowings
2,038
59
3.84
346
12
4.52
Long-term borrowings
4,003
168
5.56
5,728
237
5.47
Total interest-bearing liabilities
97,645
1,411
1.93
95,655
1,595
2.23
Non-interest-bearing deposits
(6)
39,560
—
—
39,384
—
—
Total funding sources
137,205
1,411
1.37
135,039
1,595
1.58
Net interest spread
(2)
3.04
2.85
Other liabilities
4,639
4,523
Shareholders’ equity
18,744
18,390
Noncontrolling interest
66
36
$
160,654
$
157,988
Net interest income/margin FTE basis
(2)
$
3,866
3.67
%
$
3,746
3.59
%
_______
(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 $3 million and $15 million for the nine months ended September 30, 2026 and 2025, respectively.
(4) Interest income includes hedging expense of $91 million and $171 million for the nine months ended September 30, 2026 and 2025, respectively.
(5) Interest income includes hedging expense of $11 million and $21 million for the nine months ended September 30, 2026 and 2025, respectively.
(6) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest bearing deposits. The rates for total
deposit costs equal 1.18% and 1.39% for the nine months ended September 30, 2026 and 2025, respectively.
12
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Pre-Tax Pre-Provision Income ("PPI") (non-GAAP) and Adjusted PPI (non-GAAP)
The Pre-Tax Pre-Provision Income tables below present computations of pre-tax pre-provision income excluding certain adjustments (non-GAAP). Regions believes that the presentation of PPI and the exclusion of certain items from PPI provides a meaningful basis for period-to-period comparisons, which management believes will assist investors in analyzing the operating results of the Company and predicting future performance. These non-GAAP financial measures are also used by management to assess the performance of Regions’ business. It is possible that the activities related to the adjustments may recur; however, management does not consider the activities related to the adjustments to be indications of ongoing operations.
Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Net income available to common shareholders (GAAP)
$
611
$
549
$
539
$
514
$
548
$
62
11.3
%
$
63
11.5
%
Preferred dividends (GAAP)
20
21
20
20
21
(1)
(4.8)
%
(1)
(4.8)
%
Income tax expense (GAAP)
156
148
155
174
139
8
5.4
%
17
12.2
%
Income before income taxes (GAAP)
787
718
714
708
708
69
9.6
%
79
11.2
%
Provision for credit losses (GAAP)
68
68
91
115
105
—
—
%
(37)
(35.2)
%
Pre-tax pre-provision income (non-GAAP)
855
786
805
823
813
69
8.8
%
42
5.2
%
Other adjustments:
Securities (gains) losses, net
15
40
—
—
25
(25)
(62.5)
%
(10)
(40.0)
%
FDIC insurance special assessment
—
—
—
(14)
(3)
—
NM
3
100.0
%
Branch consolidation, property and equipment charges
—
5
—
—
(5)
(5)
(100.0)
%
5
100.0
%
Total other adjustments
15
45
—
(14)
17
(30)
(66.7)
%
(2)
(11.8)
%
Adjusted pre-tax pre-provision income (non-GAAP)
$
870
$
831
$
805
$
809
$
830
$
39
4.7
%
$
40
4.8
%
_____
NM - Not meaningful
13
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Non-Interest Income
Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Service charges on deposit accounts
$
171
$
167
$
163
$
163
$
160
$
4
2.4
%
$
11
6.9
%
Card and ATM fees
126
126
117
123
122
—
—
%
4
3.3
%
Wealth management income
146
150
141
143
139
(4)
(2.7)
%
7
5.0
%
Capital markets income
(1)
107
84
84
80
104
23
27.4
%
3
2.9
%
Mortgage income
32
33
32
32
38
(1)
(3.0)
%
(6)
(15.8)
%
Commercial credit fee income
35
28
30
30
28
7
25.0
%
7
25.0
%
BOLI income
32
24
30
23
25
8
33.3
%
7
28.0
%
Market value adjustments on employee benefit assets
(2)
(4)
24
(5)
(5)
12
(28)
(116.7)
%
(16)
(133.3)
%
Securities gains (losses), net
(15)
(41)
(3)
—
(27)
26
63.4
%
12
44.4
%
Other miscellaneous income
45
35
36
51
58
10
28.6
%
(13)
(22.4)
%
Total non-interest income
$
675
$
630
$
625
$
640
$
659
$
45
7.1
%
$
16
2.4
%
Service Charges on Deposit Accounts by Segment
Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Consumer Bank Segment
(3)
$
106
$
100
$
96
$
101
$
99
$
6
6.0
%
$
7
7.1
%
Corporate Bank Segment
(4)
64
66
66
61
61
(2)
(3.0)
%
3
4.9
%
Wealth Management Segment
1
1
1
1
—
—
—
%
1
NM
Total service charges on deposit accounts
$
171
$
167
$
163
$
163
$
160
$
4
2.4
%
$
11
6.9
%
Wealth Management Income
Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Investment management and trust fee income
$
96
$
97
$
92
$
95
$
91
$
(1)
(1.0)
%
$
5
5.5
%
Investment services fee income
50
53
49
48
48
(3)
(5.7)
%
2
4.2
%
Total wealth management income
(5)
$
146
$
150
$
141
$
143
$
139
$
(4)
(2.7)
%
$
7
5.0
%
Capital Markets Income
Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Capital markets income
$
107
$
84
$
84
$
80
$
104
$
23
27.4
%
$
3
2.9
%
Less: Valuation adjustments on customer derivatives
(6)
1
(2)
1
—
—
3
150.0
%
1
NM
Capital markets income excluding valuation adjustments
$
106
$
86
$
83
$
80
$
104
$
20
23.3
%
$
2
1.9
%
Mortgage Income
Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Production and sales
$
15
$
17
$
18
$
17
$
17
$
(2)
(11.8)
%
$
(2)
(11.8)
%
Loan servicing
46
45
46
47
47
1
2.2
%
(1)
(2.1)
%
MSR and related hedge impact:
MSRs fair value increase (decrease) due to change in valuation inputs or assumptions
69
5
1
13
1
64
NM
68
NM
MSRs hedge gain (loss)
(72)
(9)
(3)
(16)
1
(63)
NM
(73)
NM
MSRs change due to payment decay
(26)
(25)
(30)
(29)
(28)
(1)
(4.0)
%
2
7.1
%
MSR and related hedge impact
(29)
(29)
(32)
(32)
(26)
—
—
%
(3)
(11.5)
%
Total mortgage income
$
32
$
33
$
32
$
32
$
38
$
(1)
(3.0)
%
$
(6)
(15.8)
%
Mortgage production - portfolio
$
445
$
586
$
451
$
463
$
465
$
(141)
(24.1)
%
$
(20)
(4.3)
%
Mortgage production - agency/secondary market
517
586
516
494
504
(69)
(11.8)
%
13
2.6
%
Total mortgage production
$
962
$
1,172
$
967
$
957
$
969
$
(210)
(17.9)
%
$
(7)
(0.7)
%
Mortgage production - purchased
79.5
%
72.9
%
61.2
%
71.7
%
81.4
%
Mortgage production - refinanced
20.5
%
27.1
%
38.8
%
28.3
%
18.6
%
_________
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.
14
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Non-Interest Income
($ amounts in millions)
Nine Months Ended
Year-to-Date Change 9/30/2026 vs. 9/30/2025
9/30/2026
9/30/2025
Amount
Percent
Service charges on deposit accounts
$
501
$
472
$
29
6.1
%
Card and ATM fees
369
364
5
1.4
%
Wealth management income
437
401
36
9.0
%
Capital markets income
(1)
275
267
8
3.0
%
Mortgage income
97
126
(29)
(23.0)
%
Commercial credit fee income
93
84
9
10.7
%
Bank-owned life insurance
86
72
14
19.4
%
Market value adjustments on employee benefit assets
(2)
15
25
(10)
(40.0)
%
Securities gains (losses), net
(59)
(53)
(6)
(11.3)
%
Other miscellaneous income
116
137
(21)
(15.3)
%
Total non-interest income
$
1,930
$
1,895
$
35
1.8
%
Service Charges on Deposit Accounts by Segment
Nine Months Ended
Year-to-Date Change 9/30/2026 vs. 9/30/2025
($ amounts in millions)
9/30/2026
9/30/2025
Amount
Percent
Consumer Bank Segment
(3)
$
302
$
285
$
17
6.0
%
Corporate Bank Segment
(4)
196
185
11
5.9
%
Wealth Management Segment
3
2
1
50.0
%
Total service charges on deposit accounts
$
501
$
472
$
29
6.1
%
Wealth Management Income
Nine Months Ended
Year-to-Date Change 9/30/2026 vs. 9/30/2025
($ amounts in millions)
9/30/2026
9/30/2025
Amount
Percent
Investment management and trust fee income
$
285
$
267
$
18
6.7
%
Investment services fee income
152
134
18
13.4
%
Total wealth management income
(5)
$
437
$
401
$
36
9.0
%
Capital Markets Income
Nine Months Ended
Year-to-Date Change 9/30/2026 vs. 9/30/2025
($ amounts in millions)
9/30/2026
9/30/2025
Amount
Percent
Capital markets income
$
275
$
267
$
8
3.0
%
Less: Valuation adjustments on customer derivatives
(6)
—
(3)
3
100.0
%
Capital markets income excluding valuation adjustments
$
275
$
270
$
5
1.9
%
Mortgage Income
Nine Months Ended
Year-to-Date Change 9/30/2026 vs. 9/30/2025
($ amounts in millions)
9/30/2026
9/30/2025
Amount
Percent
Production and sales
$
50
$
47
$
3
6.4
%
Loan servicing
137
141
(4)
(2.8)
%
MSR and related hedge impact:
MSRs fair value increase (decrease) due to change in valuation inputs or assumptions
75
7
68
NM
MSRs hedge gain
(84)
15
(99)
NM
MSRs change due to payment decay
(81)
(84)
3
3.6
%
MSR and related hedge impact
(90)
(62)
(28)
(45.2)
%
Total mortgage income
$
97
$
126
$
(29)
(23.0)
%
Mortgage production - portfolio
$
1,482
$
1,422
$
60
4.2
%
Mortgage production - agency/secondary market
1,619
1,391
228
16.4
%
Total mortgage production
$
3,101
$
2,813
$
288
10.2
%
Mortgage production - purchased
71.3
%
82.2
%
Mortgage production - refinanced
28.7
%
17.8
%
_________
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)
Consumer overdraft fees typically represent approximately half of these amounts each reporting period.
(4)
The majority of these amounts relate to Treasury Management (TM), and typically represent approximately two-thirds of Regions' total TM revenue each reporting period.
(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.
15
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Non-Interest Expense
Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Salaries and employee benefits
$
694
$
697
$
659
$
662
$
671
$
(3)
(0.4)
%
$
23
3.4
%
Equipment and software expense
113
107
108
112
106
6
5.6
%
7
6.6
%
Net occupancy expense
74
73
72
74
72
1
1.4
%
2
2.8
%
Outside services
45
47
42
45
42
(2)
(4.3)
%
3
7.1
%
Marketing
29
28
29
29
28
1
3.6
%
1
3.6
%
Professional, legal and regulatory expenses
35
28
28
30
30
7
25.0
%
5
16.7
%
Credit/checkcard expenses
18
16
14
18
15
2
12.5
%
3
20.0
%
FDIC insurance assessments
16
17
19
3
15
(1)
(5.9)
%
1
6.7
%
Visa class B shares expense
4
2
1
8
8
2
100.0
%
(4)
(50.0)
%
Operational losses
7
8
10
9
18
(1)
(12.5)
%
(11)
(61.1)
%
Branch consolidation, property and equipment charges
—
5
—
—
(5)
(5)
(100.0)
%
5
100.0
%
Other miscellaneous expenses
83
93
86
108
103
(10)
(10.8)
%
(20)
(19.4)
%
Total non-interest expense
$
1,118
$
1,121
$
1,068
$
1,098
$
1,103
$
(3)
(0.3)
%
$
15
1.4
%
Salaries and Benefits Expense
Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Salaries and employee benefits
$
694
$
697
$
659
$
662
$
671
$
(3)
(0.4)
%
$
23
3.4
%
Less: Market value adjustments on supplemental 401(k) liabilities
(1)
(2)
24
(4)
6
13
(26)
(108.3)
%
(15)
(115.4)
%
Salaries and employee benefits less market value adjustments on employee benefits liabilities
$
696
$
673
$
663
$
656
$
658
$
23
3.4
%
$
38
5.8
%
Non-Interest Expense
Nine Months Ended
Year-to-Date Change 9/30/2026 vs. 9/30/2025
($ amounts in millions)
9/30/2026
9/30/2025
Amount
Percent
Salaries and employee benefits
$
2,050
$
1,954
$
96
4.9
%
Equipment and software expense
328
309
19
6.1
%
Net occupancy expense
219
214
5
2.3
%
Outside services
134
121
13
10.7
%
Marketing
86
84
2
2.4
%
Professional, legal and regulatory expenses
91
81
10
12.3
%
Credit/checkcard expenses
48
46
2
4.3
%
FDIC insurance assessments
52
55
(3)
(5.5)
%
Visa class B shares expense
7
19
(12)
(63.2)
%
Operational losses
25
44
(19)
(43.2)
%
Branch consolidation, property and equipment charges
5
(5)
10
200.0
%
Other miscellaneous expenses
262
293
(31)
(10.6)
%
Total non-interest expense
$
3,307
$
3,215
$
92
2.9
%
Salaries and Benefits Expense
Nine Months Ended
Year-to-Date Change 9/30/2026 vs. 9/30/2025
($ amounts in millions)
9/30/2026
9/30/2025
Amount
Percent
Salaries and employee benefits
$
2,050
$
1,954
$
96
4.9
%
Less: Market value adjustments on 401(k) liabilities
(1)
18
28
(10)
(35.7)
%
Salaries and employee benefits less market value adjustments on employee benefits liabilities
$
2,032
$
1,926
$
106
5.5
%
_________
NM - Not Meaningful
(1) The Company holds assets in order to offset the market value adjustments on 401(k) liabilities and the market value adjustments on those assets are recorded in non-interest income.
16
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third 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. Net interest income and adjusted non-interest income are added together 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). Net interest income on a taxable-equivalent basis and adjusted non-interest income are added together 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)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Non-interest expense (GAAP)
A
$
1,118
$
1,121
$
1,068
$
1,098
$
1,103
$
(3)
(0.3)
%
$
15
1.4
%
Adjustments:
FDIC insurance special assessment
—
—
—
14
3
—
NM
(3)
(100.0)
%
Branch consolidation, property and equipment charges
—
(5)
—
—
5
5
100.0
%
(5)
(100.0)
%
Adjusted non-interest expense (non-GAAP)
B
$
1,118
$
1,116
$
1,068
$
1,112
$
1,111
$
2
0.2
%
$
7
0.6
%
Net interest income (GAAP)
C
$
1,298
$
1,277
$
1,248
$
1,281
$
1,257
$
21
1.6
%
$
41
3.3
%
Taxable-equivalent adjustment
16
14
13
13
12
2
14.3
%
4
33.3
%
Net interest income, taxable-equivalent basis (GAAP)
D
$
1,314
$
1,291
$
1,261
$
1,294
$
1,269
$
23
1.8
%
$
45
3.5
%
Non-interest income (GAAP)
E
$
675
$
630
$
625
$
640
$
659
$
45
7.1
%
$
16
2.4
%
Adjustments:
Securities (gains) losses, net
15
40
—
—
25
(25)
(62.5)
%
(10)
(40.0)
%
Adjusted non-interest income (non-GAAP)
F
$
690
$
670
$
625
$
640
$
684
$
20
3.0
%
$
6
0.9
%
Total revenue (GAAP)
C+E=G
$
1,973
$
1,907
$
1,873
$
1,921
$
1,916
$
66
3.5
%
$
57
3.0
%
Adjusted total revenue (non-GAAP)
C+F=H
$
1,988
$
1,947
$
1,873
$
1,921
$
1,941
$
41
2.1
%
$
47
2.4
%
Total revenue, taxable-equivalent basis (GAAP)
D+E=I
$
1,989
$
1,921
$
1,886
$
1,934
$
1,928
$
68
3.5
%
$
61
3.2
%
Adjusted total revenue, taxable-equivalent basis (non-GAAP)
D+F=J
$
2,004
$
1,961
$
1,886
$
1,934
$
1,953
$
43
2.2
%
$
51
2.6
%
Operating leverage ratio (GAAP)
(1)
I-A
3.7
%
1.7
%
Adjusted operating leverage ratio (non-GAAP)
(1)
J-B
1.9
%
1.9
%
Efficiency ratio (GAAP)
(1)
A/I
56.2
%
58.3
%
56.6
%
56.8
%
57.2
%
Adjusted efficiency ratio (non-GAAP)
(1)
B/J
55.8
%
56.9
%
56.6
%
57.5
%
56.9
%
Fee income ratio (GAAP)
(1)
E/I
33.9
%
32.8
%
33.1
%
33.1
%
34.2
%
Adjusted fee income ratio (non-GAAP)
(1)
F/J
34.4
%
34.2
%
33.1
%
33.1
%
35.0
%
________
NM - Not Meaningful
(1) Amounts have been calculated using whole dollar values.
17
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third 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 (continued)
Nine Months Ended September 30
($ amounts in millions)
2026
2025
2026 vs. 2025
Non-interest expense (GAAP)
A
$
3,307
$
3,215
$
92
2.9
%
Adjustments:
FDIC insurance special assessment
—
3
(3)
(100.0)
%
Branch consolidation, property and equipment charges
(5)
5
(10)
(200.0)
%
Salaries and employee benefits—severance charges
—
(2)
2
100.0
%
Professional, legal and regulatory expenses
—
(2)
2
100.0
%
Adjusted non-interest expense (non-GAAP)
B
$
3,302
$
3,219
$
83
2.6
%
Net interest income (GAAP)
C
$
3,823
$
3,710
$
113
3.0
%
Taxable-equivalent adjustment
43
36
7
19.4
%
Net interest income, taxable-equivalent basis
D
$
3,866
$
3,746
$
120
3.2
%
Non-interest income (GAAP)
E
$
1,930
$
1,895
$
35
1.8
%
Adjustments:
Securities (gains) losses, net
55
50
5
10.0
%
Adjusted non-interest income (non-GAAP)
F
$
1,985
$
1,945
$
40
2.1
%
Total revenue (GAAP)
C+E= G
$
5,753
$
5,605
$
148
2.6
%
Adjusted total revenue (non-GAAP)
C+F=H
$
5,808
$
5,655
$
153
2.7
%
Total revenue, taxable-equivalent basis (GAAP)
D+E=I
$
5,796
$
5,641
$
155
2.7
%
Adjusted total revenue, taxable-equivalent basis (non-GAAP)
D+F=J
$
5,851
$
5,691
$
160
2.8
%
Operating leverage ratio (GAAP)
(1)
I-A
(0.1)
%
Adjusted operating leverage ratio (non-GAAP)
(1)
J-B
0.2
%
Efficiency ratio (GAAP)
(1)
A/I
57.1
%
57.0
%
Adjusted efficiency ratio (non-GAAP)
(1)
B/J
56.4
%
56.5
%
Fee income ratio (GAAP)
(1)
E/I
33.3
%
33.6
%
Adjusted fee income ratio (non-GAAP)
(1)
F/J
33.9
%
34.2
%
______
(1)
Amounts have been calculated using whole dollar values.
18
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third 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)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
3Q26 vs. 2Q26
3Q26 vs. 3Q25
Net income available to common shareholders (GAAP)
A
$
611
$
549
$
539
$
514
$
548
$
62
11.3
%
$
63
11.5
%
Adjustments:
Securities (gains) losses, net
15
40
—
—
25
(25)
(62.5)
%
(10)
(40.0)
%
FDIC insurance special assessment
—
—
—
(14)
(3)
—
NM
3
100.0
%
Branch consolidation, property and equipment charges
—
5
—
—
(5)
(5)
(100.0)
%
5
100.0
%
Total adjustments
15
45
—
(14)
17
$
(30)
(66.7)
%
$
(2)
(11.8)
%
Tax impact of adjusted items
(1)
(4)
(11)
—
4
(4)
7
63.6
%
—
—
%
Adjusted net income available to common shareholders (non-GAAP)
B
$
622
$
583
$
539
$
504
$
561
$
39
6.7
%
$
61
10.9
%
Weighted-average diluted shares
C
856
857
868
880
894
Diluted EPS (GAAP)
(2)
A/C
$
0.71
$
0.64
$
0.62
$
0.58
$
0.61
$
0.07
10.9
%
$
0.10
16.4
%
Adjusted diluted EPS (non-GAAP)
(2)
B/C
$
0.73
$
0.68
$
0.62
$
0.57
$
0.63
$
0.05
7.4
%
$
0.10
15.9
%
Average shareholders' equity (GAAP)
18,489
18,676
19,077
18,986
18,688
(187)
(1.0)
%
(199)
(1.1)
%
Less: Average preferred stock (GAAP)
1,369
1,369
1,369
1,369
1,369
—
—
%
—
—
%
Average common shareholders' equity (GAAP)
D
17,120
17,307
17,708
17,617
17,319
(187)
(1.1)
%
(199)
(1.1)
%
Less:
Average intangible assets (GAAP)
5,871
5,863
5,869
5,876
5,883
8
0.1
%
(12)
(0.2)
%
Average deferred tax liability related to intangibles (GAAP)
(144)
(141)
(138)
(135)
(131)
(3)
(2.1)
%
(13)
(9.9)
%
Average tangible common shareholders' equity (non-GAAP)
E
$
11,393
$
11,585
$
11,977
$
11,876
$
11,567
(192)
(1.7)
%
(174)
(1.5)
%
Return on average common shareholders' equity (GAAP)
(2)
*
A/D
14.16
%
12.73
%
12.35
%
11.58
%
12.56
%
Return on average tangible common shareholders' equity (non-GAAP)
(2)
*
A/E
21.27
%
19.01
%
18.26
%
17.17
%
18.81
%
Adjusted return on average tangible common shareholders' equity (non-GAAP)
(2)
*
B/E
21.66
%
20.18
%
18.26
%
16.84
%
19.24
%
_______
*Annualized
NM - Not Meaningful
(1) Unless separately noted, the tax impact for adjustments has been calculated using a nominal tax rate of 25 percent.
(2) Amounts calculated based upon whole dollar values.
19
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third 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)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
TANGIBLE COMMON RATIOS
Shareholders’ equity (GAAP)
A
$
17,847
$
18,840
$
18,779
$
19,043
$
19,049
Less: Preferred stock (GAAP)
1,369
1,369
1,369
1,369
1,369
Common shareholders' equity (GAAP)
B
16,478
17,471
17,410
17,674
17,680
Less:
Intangible assets (GAAP)
5,868
5,859
5,866
5,873
5,879
Deferred tax liability related to intangibles (GAAP)
(146)
(143)
(141)
(138)
(133)
Tangible common shareholders’ equity (non-GAAP)
C
$
10,756
$
11,755
$
11,685
$
11,939
$
11,934
Total assets (GAAP)
D
$
163,213
$
161,299
$
160,741
$
158,814
$
159,940
Less:
Intangible assets (GAAP)
5,868
5,859
5,866
5,873
5,879
Deferred tax liability related to intangibles (GAAP)
(146)
(143)
(141)
(138)
(133)
Tangible assets (non-GAAP)
E
$
157,491
$
155,583
$
155,016
$
153,079
$
154,194
Shares outstanding—end of quarter
F
850
853
854
868
885
Total equity to total assets (GAAP)
(1)
A/D
10.93
%
11.68
%
11.68
%
11.99
%
11.91
%
Tangible common shareholders’ equity to tangible assets (non-GAAP)
(1)
C/E
6.83
%
7.55
%
7.54
%
7.80
%
7.74
%
Common book value per share (GAAP)
(1)
B/F
$
19.38
$
20.48
$
20.39
$
20.36
$
19.98
Tangible common book value per share (non-GAAP)
(1)
C/F
$
12.65
$
13.78
$
13.69
$
13.75
$
13.49
____
(1)
Amounts have been calculated using whole dollar values.
20
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Asset Quality
As of and for Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
Beginning allowance for loan losses (ALL)
$
1,489
$
1,527
$
1,556
$
1,581
$
1,612
Loans charged-off:
Commercial and industrial
34
66
88
92
57
Commercial real estate mortgage—owner-occupied
2
1
—
1
1
Total commercial
36
67
88
93
58
Commercial investor real estate mortgage
—
—
—
4
34
Total investor real estate
—
—
—
4
34
Residential first mortgage
1
1
—
—
1
Home equity—lines of credit
—
1
1
—
—
Home equity—closed-end
1
—
—
1
—
Consumer credit card
18
18
18
17
16
Other consumer
42
36
44
52
51
Total consumer
62
56
63
70
68
Total
98
123
151
167
160
Recoveries of loans previously charged-off:
Commercial and industrial
13
8
9
11
10
Commercial real estate mortgage—owner-occupied
—
1
—
—
1
Total commercial
13
9
9
11
11
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
1
Home equity—closed-end
1
—
—
1
—
Consumer credit card
4
2
3
2
2
Other consumer
8
8
8
8
9
Total consumer
13
12
12
13
12
Total
26
21
21
25
25
Net charge-offs (recoveries):
Commercial and industrial
21
58
79
81
47
Commercial real estate mortgage—owner-occupied
2
—
—
1
—
Total commercial
23
58
79
82
47
Commercial investor real estate mortgage
—
—
—
3
32
Total investor real estate
—
—
—
3
32
Residential first mortgage
1
—
—
(1)
1
Home equity—lines of credit
—
—
—
(1)
(1)
Consumer credit card
14
16
15
15
14
Other consumer
34
28
36
44
42
Total consumer
49
44
51
57
56
Total
72
102
130
142
135
Provision for loan losses
72
64
101
117
104
Ending allowance for loan losses (ALL)
1,489
1,489
1,527
1,556
1,581
Beginning reserve for unfunded credit commitments
124
120
130
132
131
Provision for (benefit from) unfunded credit losses
(4)
4
(10)
(2)
1
Ending reserve for unfunded commitments
120
124
120
130
132
Allowance for credit losses (ACL) at period end
$
1,609
$
1,613
$
1,647
$
1,686
$
1,713
21
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Asset Quality (continued)
As of and for Quarter Ended
($ amounts in millions)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
Net loan charge-offs as a % of average loans, annualized
(1)
:
Commercial and industrial
0.16
%
0.45
%
0.65
%
0.66
%
0.37
%
Commercial real estate mortgage—owner-occupied
0.16
%
0.01
%
(0.03)
%
0.02
%
0.04
%
Commercial real estate construction—owner-occupied
0.03
%
0.22
%
(0.05)
%
(0.07)
%
(0.01)
%
Total commercial
0.16
%
0.41
%
0.58
%
0.60
%
0.34
%
Commercial investor real estate mortgage
0.01
%
—
%
0.02
%
0.15
%
1.82
%
Total investor real estate
0.01
%
—
%
0.02
%
0.12
%
1.41
%
Residential first mortgage
0.01
%
—
%
—
%
—
%
0.01
%
Home equity—lines of credit
(0.04)
%
(0.04)
%
(0.01)
%
(0.10)
%
(0.12)
%
Home equity—closed-end
—
%
(0.03)
%
(0.02)
%
—
%
(0.01)
%
Consumer credit card
3.85
%
4.28
%
4.17
%
4.08
%
3.94
%
Other consumer
2.45
%
2.09
%
2.51
%
2.97
%
2.83
%
Total consumer
0.60
%
0.56
%
0.63
%
0.70
%
0.67
%
Total
0.29
%
0.42
%
0.54
%
0.59
%
0.55
%
Non-performing loans, excluding loans held for sale
$
585
$
668
$
692
$
698
$
758
Non-performing loans held for sale
12
1
1
—
12
Non-performing loans, including loans held for sale
597
669
693
698
770
Foreclosed properties
20
19
20
17
18
Non-performing assets (NPAs)
$
617
$
688
$
713
$
715
$
788
Loans past due > 90 days
(2)
$
159
$
158
$
170
$
180
$
154
Criticized loans—business
(3)
$
3,203
$
3,370
$
3,384
$
3,342
$
3,682
Credit Ratios
(1)
:
ACL/Loans, net
1.61
%
1.63
%
1.68
%
1.76
%
1.78
%
ALL/Loans, net
1.49
%
1.50
%
1.56
%
1.63
%
1.64
%
Business criticized loans to total business loans
4.71
%
5.01
%
5.15
%
5.31
%
5.81
%
Allowance for credit losses to non-performing loans, excluding loans held for sale
275
%
241
%
238
%
242
%
226
%
Allowance for loan losses to non-performing loans, excluding loans held for sale
254
%
223
%
221
%
223
%
208
%
Non-performing loans, excluding loans held for sale/Loans, net
0.59
%
0.67
%
0.71
%
0.73
%
0.79
%
NPAs (ex. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale
0.62
%
0.69
%
0.73
%
0.75
%
0.82
%
NPAs (inc. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale
(2)
0.78
%
0.85
%
0.90
%
0.94
%
0.98
%
(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
23
for amounts related to these loans.
(3)
Business represents the combined total of commercial and investor real estate loans.
Allowance for Credit Losses
Nine Months Ended September 30
($ amounts in millions)
2026
2025
Balance at January 1
$
1,686
$
1,729
Net charge-offs
304
371
Provision for loan losses
237
339
Provision for unfunded credit losses
(10)
16
Balance at September 30
$
1,609
$
1,713
Net loan charge-offs as a % of average loans, annualized (GAAP)
(1)
0.41
%
0.52
%
(1)
Amounts have been calculated using whole dollar values.
22
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third Quarter 2026 Earnings Release
Non-Performing Loans (excludes loans held for sale)
As of
($ amounts in millions, %'s calculated using whole dollar values)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
Commercial and industrial
$
329
0.63
%
$
412
0.79
%
$
471
0.93
%
$
474
0.97
%
$
524
1.06
%
Commercial real estate mortgage—owner-occupied
48
0.94
%
61
1.19
%
53
1.06
%
45
0.92
%
41
0.85
%
Commercial real estate construction—owner-occupied
5
1.78
%
2
0.64
%
2
0.85
%
2
0.85
%
1
0.43
%
Total commercial
382
0.66
%
475
0.83
%
526
0.94
%
521
0.97
%
566
1.04
%
Commercial investor real estate mortgage
138
1.70
%
127
1.60
%
103
1.33
%
121
1.69
%
137
1.92
%
Total investor real estate
138
1.35
%
127
1.27
%
103
1.06
%
121
1.33
%
137
1.51
%
Residential first mortgage
33
0.17
%
33
0.17
%
30
0.16
%
25
0.12
%
24
0.12
%
Home equity—lines of credit
24
0.75
%
25
0.76
%
25
0.77
%
24
0.74
%
24
0.73
%
Home equity—closed-end
8
0.34
%
8
0.36
%
8
0.34
%
7
0.32
%
7
0.31
%
Total consumer
65
0.21
%
66
0.21
%
63
0.20
%
56
0.17
%
55
0.17
%
Total non-performing loans
$
585
0.59
%
$
668
0.67
%
$
692
0.71
%
$
698
0.73
%
$
758
0.79
%
Early and Late Stage Delinquencies
Accruing 30-89 Days Past Due Loans
As of
($ amounts in millions, %'s calculated using whole dollar values)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
Commercial and industrial
$
50
0.10
%
$
61
0.12
%
$
50
0.10
%
$
55
0.11
%
$
63
0.13
%
Commercial real estate mortgage—owner-occupied
24
0.47
%
15
0.28
%
4
0.08
%
6
0.11
%
10
0.21
%
Total commercial
74
0.13
%
76
0.13
%
54
0.10
%
61
0.11
%
73
0.13
%
Commercial investor real estate mortgage
1
0.01
%
38
0.49
%
1
0.01
%
—
—
%
28
0.40
%
Total investor real estate
1
0.01
%
38
0.39
%
1
0.01
%
—
—
%
28
0.31
%
Residential first mortgage—non-guaranteed
(1)
138
0.73
%
123
0.65
%
127
0.66
%
144
0.74
%
132
0.68
%
Home equity—lines of credit
24
0.73
%
22
0.67
%
22
0.69
%
25
0.79
%
28
0.89
%
Home equity—closed-end
12
0.54
%
14
0.63
%
13
0.57
%
15
0.62
%
14
0.57
%
Consumer credit card
22
1.42
%
20
1.32
%
21
1.39
%
22
1.48
%
20
1.40
%
Other consumer
65
1.20
%
64
1.17
%
66
1.19
%
75
1.31
%
68
1.18
%
Total consumer
(1)
261
0.83
%
243
0.77
%
249
0.79
%
281
0.88
%
262
0.81
%
Total accruing 30-89 days past due loans
(1)
$
336
0.34
%
$
357
0.36
%
$
304
0.31
%
$
342
0.36
%
$
363
0.38
%
Accruing 90+ Days Past Due Loans
As of
($ amounts in millions, %'s calculated using whole dollar values)
9/30/2026
6/30/2026
3/31/2026
12/31/2025
9/30/2025
Commercial and industrial
$
5
0.01
%
$
4
0.01
%
$
5
0.01
%
$
6
0.01
%
$
4
0.01
%
Commercial real estate mortgage—owner-occupied
—
0.02
%
1
0.03
%
1
0.01
%
—
0.01
%
2
0.05
%
Total commercial
5
0.01
%
5
0.01
%
6
0.01
%
6
0.01
%
6
0.01
%
Residential first mortgage—non-guaranteed
(2)
94
0.50
%
91
0.48
%
100
0.52
%
105
0.55
%
84
0.43
%
Home equity—lines of credit
11
0.34
%
13
0.40
%
14
0.42
%
15
0.45
%
14
0.43
%
Home equity—closed-end
9
0.39
%
8
0.36
%
8
0.35
%
8
0.37
%
7
0.30
%
Consumer credit card
20
1.35
%
21
1.39
%
22
1.52
%
22
1.41
%
20
1.42
%
Other consumer
20
0.36
%
20
0.35
%
20
0.35
%
24
0.40
%
23
0.39
%
Total consumer
(2)
154
0.49
%
153
0.48
%
164
0.52
%
174
0.54
%
148
0.46
%
Total accruing 90+ days past due loans
(2)
$
159
0.16
%
$
158
0.16
%
$
170
0.17
%
$
180
0.19
%
$
154
0.16
%
Total delinquencies
(1) (2)
$
495
0.50
%
$
515
0.52
%
$
474
0.49
%
$
522
0.55
%
$
517
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 $65 million at 9/30/2026, $58 million at 6/30/2026, $62 million at 3/31/2026, $66 million at 12/31/2025, and $62 million at 9/30/2025.
(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 $105 million at 9/30/2026, $100 million at 6/30/2026, $94 million at 3/31/2026, $79 million at 12/31/2025, and $48 million at 9/30/2025.
23
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third 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.
•
The 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 Community Reinvestment Act 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.
24
Regions Financial Corporation and Subsidiaries
Financial Supplement (unaudited) to Third 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 “Cautionary Note Regarding Forward-Looking Statements and Risk Factor Summary” 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 Chris Best at (205) 264-7040; Regions’ Media contact is Jeremy King at (205) 264-4551.
25