Regions Financial Corporation · NYSE:RF
Regions Financial — Q2 2025 Earnings Presentation
78 slides from Regions Financial's earnings presentation, Jul 18, 2025
Slide 1: Investor Information
Exhibit 99.1 Investor Information August - September Internal Use
Slide 2: Table of Contents
Table of Contents Topic Page # Profile and Strategy 3-15 Business Segment Highlights 16-19 Awards & Technology 20-22 Asset / Liability Management 23-33 Fees & Expenses 34-41 Loans & Deposits 42-52 Capital, Debt & Liquidity 53-55 Credit 56-62 Near-Term Expectations 63 Appendix & Forward Looking State
Slide 3: Longstanding Strategic Priorities
Longstanding Strategic Priorities Soundness Profitability Growth Relentless focus on: Committed to: Strategically Investing in: • Client selectivity • Diversified Revenue Streams • Top quartile organic loan & deposit growth over the last 5 yrs vs. peers(1) • Credit Risk Management • Appropriate Risk
Slide 4: Capital Strength
Capital Strength Soundness: Robust capital balances and strong organic capital generation position Regions well for full range of potential economic conditions Capital Resiliency Pro Forma Post-Stress Capital(2) • Prudent risk management evident in Federal Reserve's stress testing results 11.68% 11.
Slide 5: Driving Shareholder Value
Driving Shareholder Value Soundness: Peer-leading dividend growth while actively managing share count 6 Yr Dividend Growth CAGR Post-Financial Crisis Maximum 2Q25 Shares Shares RF 10.1% Period Outstanding Outstanding Decline (MM) (MM) Peer 1 9.1% RF 3Q12 1,423 910 (36.8)% Peer 2 9.1% Peer 12 4Q11 19
Slide 6: Total Shareholder Return
Total Shareholder Return Profitability: Strong track record of leading Shareholder Return 3 Year Total Shareholder Return 5 Year Total Shareholder Return 62% 61% 45% 44% 41% 212% 204% 39% Peer Median: 34% 35% 34% 159% 158% 157% 19% 134% 122% Peer Median: 120% 14% 14% 120% 113% 8% 7% 99% 83% 81% 52%
Slide 7: Leading with Consistently Strong Growth Metrics
Leading with Consistently Strong Growth Metrics Profitability: Supports a higher P/E multiple Peer Leading ROATCE(1) For 4 Straight Years Rank: 1 Rank: 1 Rank: 1 24.1% 21.4% 21.9% Rank: 1 Rank: 1 17.6% 17.8% 18.6% 16.4% 14.9% 19.3% 14.1% 12.0% 12.0% 17.0% 16.5% 11.0% 14.7% 9.2% 14.3% 9.0% 9.7% 11.0%
Slide 8: Regions' Consistent Outperformance
Regions' Consistent Outperformance Profitability: Sustained advantage in risk efficiency Regions' earnings, including credit costs, have been top quartile vs peers since 2019 Adjusted PPI(1) Less Net Charge-offs to RWA(2) 2.30% 2.47% 2.31% 2.22% 2.09% 1.96% 1.99% 1.96% 1.88% 1.85% 1.95% 1.78% 1.73%
Slide 9: Tangible Book Value Growth plus Dividends
Tangible Book Value Growth plus Dividends Profitability: 3 and 5 yr CAGR excluding AOCI 3 Yr CAGR of TBV + Dividends 5 Yr CAGR of TBV + Dividends Peer 1 20.4% Peer 1 15.3% RF 18.7% Peer 7 14.9% Peer 2 16.7% RF 14.8% Peer 3 16.2% Peer 2 14.6% Peer 4 15.2% Peer 6 14.2% Peer 5 14.2% Peer 9 13.9% Peer 6
Slide 10: Top Quartile Organic Loan and Deposit Growth
Top Quartile Organic Loan and Deposit Growth Growth: Consistent, disciplined growth 5 Yr Loan Growth excl. Bank M&A 21% 18% 17% 12% 12% 11% Peer Median: 7% 7% 7% 2% 1% 1% (3)% (4)% (5)% RF 11 6 2 10 5 1 9 4 13 8 3 12 7 er er er er er er er er er er er er er Pe Pe Pe Pe Pe Pe Pe Pe Pe Pe Pe Pe Pe 5 Y
Slide 11: Attractive Footprint and Strong Brand Presence
Attractive Footprint and Strong Brand Presence Growth: Home field advantage in the southeast Strong Profitability/Returns Supported by: Winning in Core Markets Building trust & serving clients for over 170 years ☑ Low Cost Core Deposits ☑ Strong Brand ☑ Loyal Customer Base ☑ Employer / Bank of Choic
Slide 12: Deposit Advantage Key to Franchise Value
Deposit Advantage Key to Franchise Value Growth: Outperforming deposit growth & disciplined pricing 5 Year Deposit Growth vs Current Deposit Costs(1) 2Q25 Total Deposit Cost vs Peers(1) 40% RF Avg. Total Deposit Growth 30% Above industry median growth w/ meaningfully lower Peer Median cost (worth ~6
Slide 13: Building on Our Success
Building on Our Success Growth: Strategic investments in priority markets driving deposit expansion Continuing to Invest in Priority Maximizing Growth Opportunities Markets Priority Market Growth Opportunities(1) Building on success with incremental investments supporting (3) growth while maintainin
Slide 14: Investing in People and Technology
Investing in People and Technology Growth: Expanding talent and capabilities in markets with greatest opportunity Investing in Banker Expansion Investments in Technology Over the next 3 years, will invest in Talent across the Footprint in key areas of opportunity: By hiring and converting skilled Ba
Slide 15: Second Quarter Overview
Second Quarter Overview Continue to deliver consistent, sustainable long-term performance 2Q25 Key Performance Metrics Reported Adjusted(1) Investments Driving Growth Net Income Available to Common Shareholders $534M $538M • On track with hiring incremental bankers and related revenue enablement rol
Slide 16: Diversified Lines of Businesses
Diversified Lines of Businesses Consumer Bank Corporate Bank Wealth Management • Commercial • Corporate & Institutional • Private Wealth Investment Management, ◦ Corporate • Retail Banking Services Banking & Trust Services ◦ Real Estate ◦ Capital Markets • Mortgage • Institutional, Corporate, & Phil
Slide 17: Consumer Banking Group
Consumer Banking Group Driving growth and customer engagement through strategic investments Continuing to Deliver Delivering Solid Customer Strategic Investments Strong Results Satisfaction & Loyalty Across The Business Growing and retaining primary relationships by Industry leader in deposit cost w
Slide 18: Corporate Banking Group
Corporate Banking Group Driving continued long-term performance for our clients & our shareholders Soundness Profitability Growth Executing our model of local + expertise to Active credit risk and portfolio management optimize clients' full cash conversion cycle, working remains a top priority Growi
Slide 19: Wealth Management Group
Wealth Management Group Focus on execution & investments to optimize the client and associate experience Customer Experience & Strategic Investments & Delivered Strong Results Communication Data Analytics Private Wealth Management awarded two top of Showcasing our thought leadership; PWM Insights in
Slide 20: Regions Receives Top Honors
Regions Receives Top Honors Regions Bank is recognized by FORTUNE as one of In 2025, Regions Bank was named a Gallup Regions Bank is the highest-rated bank America's most innovative companies. Exceptional Workplace Award Winner for on Forbes' 2024 list of Top 300 Regions Bank was ranked 1st among re
Slide 21: Empowered by Data & Innovation
Empowered by Data & Innovation Regions remains competitive by reserving ~9–11% of revenue for technology spend Modernization & Innovation ROSIE Next Gen Platforms Personalized offering of products and services anticipating customer Next Generation of Customer Experience and Core Banking and Data Pla
Slide 22: Growth in Digital
Growth in Digital Digital Usage Sales & Transactions Customer Satisfaction Mobile Banking Active Users (Millions)(1) Consumer Checking Sales by Channel(4) Mobile App +6% 2% 1% 2% 2.59 2.67 2.52 71% 80% 73% Average 4.9 out Digital of 5 rating from Branch iOS app store Contact Center 27% 19% 25% users
Slide 23: NII & Margin Performance
NII & Margin Performance NII propelled by balance sheet repricing and funding cost benefits FTE NII and NIM ($ in millions) $1,198 $1,206 $1,271 Drivers of NII and NIM • NII +5% QoQ; NIM increased 13bps to 3.65% 3.51% 3.52% 3.65% • Elevated long-term interest rates increase new production fixed-rate
Slide 24: NII Positioning for Changing Rate Environment
NII Positioning for Changing Rate Environment Mostly "Neutral" interest rate risk position Sensitivity to short-term rates Sensitivity to middle/long-term rates Floating Rate Balance Sheet Exposure(1) ($B) Future NII Benefit from Fixed-Rate Asset Turnover 5yr UST +0.50% adds +$30M Front-book / back-
Slide 25: 2025 NII Expected Range and Assumptions
2025 NII(1) Expected Range and Assumptions Resilient NII expected to grow in 2025 under a wide range of possible outcomes Expectation: NII expected to grow in 2025, with fixed-rate asset turnover and Net Interest Income Trend ($M) funding cost management as the primary drivers Return to long-term gr
Slide 26: Balance Sheet Profile
Balance Sheet Profile (As of June 30, 2025) Portfolio Compositions Assets(1) Loans(2)(3) • Balance sheet position naturally benefits from higher interest rates (i.e. asset sensitive), Fixed Hedges Other 22% supported by 14% Cash ◦ Large floating rate loan mix 5% Floating $159B Loans $97B 33% ◦ Large
Slide 27: Balance Sheet Positioning Advantage
Balance Sheet Positioning Advantage Strong deposit franchise and funding position provide an opportunity for flexibility and margin outperformance in an evolving rate environment Loan-to-Deposit Ratio Total Liability Cost (%) 96% 87% 85% 83% 83% 82% 81% Peer Median: 79% 80% 78% 2.33 2.33 2.32 2.31 P
Slide 28: Regions' Deposit Pricing
Regions' Deposit Pricing Interest-bearing Deposit Costs vs. Peers(1) Retail CD Maturities (as of 6/30/2025)(2) 5.50% 6.00% 3.8% 3.7% Int-Bearing Deposit Rates 5.00% 4.50% 3.2% 3.2% 4.00% 2.94% 2.50% 2.46% 2.5% 3.00% $5.2 2.00% 1.03% 2.34% $3.0 $1.0 1.00% 1.99% $2.0 $0.3 —% 0.82% 3Q25 4Q25 1Q26 2Q26
Slide 29: Interest-Bearing Deposit Mix
Interest-Bearing Deposit Mix Composition of deposit book affords ability to maintain cost advantage if rates continue to decline; When combined with hedges, creates a well protected margin Interest-bearing Deposits: $90.7B % of 2Q25 Ending Interest-Bearing Deposits (labels represent % of IB Deposits
Slide 30: Net Interest Margin History
Net Interest Margin History Generating consistent, sustainable, long-term performance Learned lesson from outsized credit and rate exposure in GFC; have used hedges to achieve NIM protection and outperform peers Net Interest Margin (NIM)1 Through the Interest Rate Cycle Rising Rates Pandemic Maintai
Slide 31: Hedging Strategy Update
Hedging Strategy Update Mostly "neutral" rate risk position protects margin & decreases capital volatility Asset Hedge Notional - (Quarterly Avg) (Annual Avg) Receive-Fixed, Cash Flow Swaps - Loans Pay-Fixed, Fair Value Swaps - AFS Securities Net Asset Swap Position(2) Cash Flow Collars - Loans(3) a
Slide 32: Securities Portfolio
Securities Portfolio Provides downside rate protection/liquidity • Portfolio constructed to protect against changes in market rates Securities Portfolio Composition(1) Corp Bonds ◦ Duration of ~4.1 years (AFS ~3.7 years) as of 6/30/2025; provides offset to 2% HTM, 18% Agency CMBS Agency/UST long-dur
Slide 33: Securities Portfolio - AOCI Management
Securities Portfolio - AOCI Management Positioned to manage level/exposure lower over time Adj. AOCI in CET1 as % of Risk Weighted Assets(2) 06/30/2025 • AOCI associated with unrealized securities gains/ losses is expected to be included 1.0% 0.1% as a part of CET1 once B3E rules are finalized (with
Slide 34: Non-Interest Income
Non-Interest Income Non-Interest Income Adj. Non-Interest Income(1) ($ in millions) ($ in millions) $646 $615 $646 QoQ Highlights & Outlook $590 $595 $545 • NIR increased 5% on an adjusted(1) basis and 9% on a reported basis, which included $25M pre-tax loss on securities repositioning in 1Q which d
Slide 35: Track Record of Expanding Fee-Based Services
Track Record of Expanding Fee-Based Services Adjusted Non-Interest Income(1) Proven Non-Interest Income Resiliency ($ in millions) Diversified revenue growth through expanded $2,473 fee-based services $2,001 Capital Markets • Post the sale of Morgan Keegan in 2012, expanded the business through: ◦ O
Slide 36: Capital Markets
Capital Markets Growing products & services that our clients value Capital Markets Product Solutions Capital Markets Annual RevenueOur CVA/DVA)(1)delivered (Ex.associates results $354 $323 $303 $263 $272 $201 $188 $151 $159 $166 $101 Mergers & Acquisitions Real Estate $65 • M&A Advisory Services • M
Slide 37: Treasury Management
Treasury Management Clients optimize cash flow and manage risk with Treasury Management solutions Steadily Growing our Treasury Management Business +7% Treasury Management Revenue(1) +10% Portfolio of Treasury Management Clients(2) Continually Investing in Technology +14% Digital, Payment & Integrat
Slide 38: Wealth Management
Wealth Management Specialized expertise and tailored investment guidance to manage and grow wealth Wealth Management NIR(1) ($ in millions) Growing our Wealth Management Business(2) 8.3% CAGR +1% Total Client Assets(3) $495 $382 $419 $451 +8% Total WM Relationships(4) $322 $337 $157 $306 $122 $138 $
Slide 39: Mortgage
Mortgage Remains a key component of fee revenue Mortgage Income ($ in millions) Strong Performance • Mortgage Income: $88M YTD25; $146M FY24 $333 • Portfolio 757 Avg. FICO | 52% current LTV • $408K Avg. New Loan Size • Production exceeds market in percentage of purchase production volume at 83% in 2
Slide 40: Non-Interest Expense
Non-Interest Expense Non-Interest Expense Adj. Non-Interest Expense(1) ($ in millions) ($ in millions) $1,073 $1,004 $1,039 $1,032 $1,035 $1,073 QoQ Highlights & Outlook $22 $— • NIE increased 3% on a reported basis and 4% on an adjusted basis(1), driven primarily by a 5% increase in 57.6% 57.9% 57.
Slide 41: Efficiency Ratio vs. Peers
Efficiency Ratio vs. Peers 2Q25 Efficiency Ratio vs. Peers 2Q25 YTD Efficiency Ratio vs. Peers 67.4% 66.4% 64.4% 64.8% 64.6% 62.7% 63.0% 62.4% 60.3% 59.1% 59.2% 59.0% 58.2% 58.1% 58.2% 58.3% 58.3% 57.1% 57.5% 56.8% 56.3% 56.1% 55.6% 55.8% 54.6% 54.7% 52.7% 52.9% Peer 1 Peer 2 RF Peer 3 Peer 4 Peer 5
Slide 42: Loans
Loans Poised for growth Average Loans & Leases ($ in billions) $97.3 $96.1 $96.1 QoQ Highlights & Outlook $33.3 $33.0 $32.9 • Avg loans remained stable while ending loans grew 1% • Avg business loans remained stable; 2% growth in ending balances driven by C&I and real estate $64.0 $63.1 $63.2 ◦ Grow
Slide 43: 2Q25 Average Loan Composition
2Q25 Average Loan Composition Average Consumer Loans Average Business Loans ($ in billions) ($ in billions) $1.4 $2.2 $6.8 $6.0 $0.3 $4.9 $32.9B $63.2B $5.5 $20.0 $49.0 Mortgage Home Equity Other Consumer Consumer Credit Card Commercial and Industrial CRE Mortgage - OO CRE Construction - OO IRE - Mo
Slide 44: Consumer Lending Portfolio
Consumer Lending Portfolio Consumer Credit Card Home Equity Consumer FICO Scores(1) • Avg. origination FICO 775 • Avg. origination FICO 760 2% 2% 2% • Avg. new line $9,334 • Current LTV 37% • 2Q25 Yield 14.24% • 59% of portfolio is 1st lien • 2Q25 QTD NCO 4.24% • Avg. loan size $34,780 68% 78% • $88
Slide 45: Ascentium & Home Improvement Financing
Ascentium & Home Improvement Financing 2Q25 Ascentium Capital Home Improvement Financing 2Q Average Balances $2.7B $5.1B 2Q Portfolio Yield 8.4% 7.9% 2Q Going-on Yield 10.6% 9.7% 2Q NCOs 1.86% 1.78% Ascentium Capital(1) Home Improvement Financing(2) Origination Growth Credit • Since acquisition, Asc
Slide 46: Highly Diversified Business Portfolio
Highly Diversified Business Portfolio (Outstanding balances as of June 30, 2025) Healthcare All Other Commercial 5.2% 3.5% Distribution 7.2% Investor Real Estate 14.3% Business Services 7.5% Utilities 3.2% Agriculture .3% Financial Services Energy 2.4% $63.8B (1) 12.6% Manufacturing 8.3% (2) CRE Uns
Slide 47: Commercial Real Estate
Commercial Real Estate (Outstanding balances as of June 30, 2025) Key Portfolio Metrics REITs within Total: Highly Diversified Portfolio • Unsecured loans for RE purposes generally have low (IRE including Unsecured CRE) Diversified leverage, with strong access to liquidity 16% Apartments ◦ 62% of RE
Slide 48: CRE - Office Portfolio
CRE- Office Portfolio (Outstanding balances as of June 30, 2025) Key Portfolio Metrics(1) Investor Real Estate Office Portfolio Overview Balances $1,320 % of Total Loans 1.4% 17% 20% 42% NPL $213 58% 83% 80% NPL / Loans 16.2% Charge-offs $20 Class A Class B Multi-Tenant Single Tenant Suburban Urban
Slide 49: Transportation - Trucking
Transportation - Trucking (Outstanding balances as of June 30, 2025) Key Portfolio Metrics(1) Ongoing Portfolio Surveillance Balances $1,433 • Trucking operators entered 2025 with optimism, expecting freight volumes to rebound; however, economic challenges % of Total Loans 1.5% have resulted in oper
Slide 50: Deposits
Deposits Relationship deepening and customer acquisition support positive deposit trends Average Deposits by Segment ($ in billions) $126.9 $127.7 $129.4 $2.9 $3.1 $3.0 $7.5 $7.6 $7.3 QoQ Highlights & Outlook $36.7 $38.3 $39.2 1.59% 1.40% 1.39% • Avg deposits increased over 1%; Ending deposits remai
Slide 51: Diversified Deposit Base
Diversified Deposit Base Insured/Uninsured Deposit Mix(1)(2) Retail Uninsured $7.8 Other $0.6 • ~72% of Total Deposits are covered by FDIC insurance or Wholesale Non-Operational Uninsured $12.2 are collateralized (Public Funds or Trust) Less Stable • No single depositor exceeds 1% of total deposits
Slide 52: Deposit Advantage
Deposit Advantage Well diversified deposit base vs. peers % of Total Deposits Balance in Accounts % of Total Deposits Insured By FDIC(1) Less than $250k(1) 69% 62% 60% 54% 54% 52% 58% 57% 56% 51% 55% 55% 53% 47% 47% 47% 47% 46% 52% 52% 50% 50% 43% 43% 49% 42% 41% 37% Peer RF Peer Peer Peer Peer Peer
Slide 53: Capital and Liquidity
Capital and Liquidity Managing capital flexibility to support growth and shareholder returns Tier 1 Capital Ratio(1) 11.7% 12.2% 11.8% QoQ Highlights & Outlook 2Q24 1Q25 2Q25 • Declared 2Q common dividends of $224M and executed $144M in share repurchases; Board declared a dividend of Common Equity T
Slide 54: CET1 Under Basel III Endgame (B3E)
CET1 Under Basel III Endgame (B3E) B3E Update Volatility Management • B3E has yet to be finalized but expect AOCI to be included in Regulatory Capital • Reclassified Available-for-Sale securities into Held-to-Maturity to reduce volatility; • CET1 inclusive of AOCI increased linked-quarter given lowe
Slide 55: Tangible Common Equity
Tangible Common Equity • Higher levels of interest rates are generally beneficial to Regions through expansion in net interest margin and deposit value ◦ However, higher rates also result in unrealized losses within our securities and cash flow hedging portfolios which act as a drag on our ratio of
Slide 56: Continuous Improvement in Risk Management
Continuous Improvement in Risk Management Our commitment to strengthening credit risk disciplines and intentional portfolio shaping over the past decade-plus leaves us well positioned for sound, profitable growth Strong Origination Disciplines Aligned with Comprehensive Risk Framework Case Studies i
Slide 57: Historical Credit Profile
Historical Credit Profile Total Net Charge-Offs 2.00% 1.50% Average Pre-Pandemic Average Pandemic 0.46% 0.35% 1.00% 0.47% 0.50% —% 13 20 22 25 1Q 1Q 4Q 2Q Non-Performing Loans 2.50% 2.00% Average Pre-Pandemic Average Pandemic 1.07% 0.64% 1.50% 1.00% 0.80% 0.50% —% 13 20 22 25 1Q 1Q 4Q 2Q • Both non-
Slide 58: Historical Credit Profile
Historical Credit Profile Commercial Net Charge-Offs(1) 1.00% Average Pre-Pandemic Average Pandemic 0.27% 0.25% 0.50% 0.39% —% 13 20 22 25 1Q 1Q 4Q 2Q Consumer Net Charge-Offs(2) 3.50% Average Pre-Pandemic Average Pandemic 3.00% 0.78% 0.53% 2.50% 2.00% 1.50% 1.00% 0.63% 0.50% —% 13 20 22 25 1Q 1Q 4Q
Slide 59: Asset Quality
Asset Quality Credit performance improving; metrics tracking favorably Net Charge-Offs(1) Non-Performing Loans (NPLs)(1) $123 $113 $847 $843 $776 $101 0.88% 0.87% 0.42% 0.52% 0.47% 0.80% 2Q24 1Q25 2Q25 2Q24 1Q25 2Q25 NCOs NCOs Ratio NPLs - excluding LHFS NPL/Loans Allowance for Credit Losses (ACL)(1
Slide 60: Allowance for Credit Losses
Allowance for Credit Losses QoQ Highlights ($ in millions) • 2Q allowance increased $13M compared to the prior quarter, resulting in a $126M provision $1,730 $1 $15 $1,743 expense and an essentially flat ACL % $(3) • The change in ACL resulted from: ◦ Deterioration in the baseline economic forecast
Slide 61: Base R&S Economic Outlook
Base R&S Economic Outlook (As of June 2025) Pre-R&S period 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 3Q2026 4Q2026 1Q2027 2Q2027 Real GDP, annualized % change 2.4 % 0.1 % 1.2 % 1.4 % 2.3 % 1.8 % 2.2 % 2.2 % 2.0 % Unemployment rate 4.2 % 4.4 % 4.5 % 4.5 % 4.4 % 4.3 % 4.2 % 4.1 % 4.0 % HPI, year-over-year %
Slide 62: Allowance Allocation
Allowance Allocation Regions "Day 1" CECL ACL ratio on 1/1/2020 was 1.71%. The company has executed a number of de-risking strategies that have improved the overall loan portfolio. Taking the 2Q25 loan portfolio and applying the "Day 1" ACL rates would produce a proforma Day 1 ACL ratio of 1.62%. As
Slide 63: 2025 Expectations
2025 Expectations Previous FY 2025 Current FY 2025 Expectations Expectations Net Interest Income up 1 – 4% (3) up 3 – 5% (3) Expectations for 3Q25 & Beyond(3) (vs. 2024 of $4,818) • NII expected to grow in 2025, with fixed- Adjusted Non-Interest (1) Income up 1 – 3% (2) up 2.5 – 3.5% (2) rate asset
Slide 64: Appendix
Appendix
Slide 65: Non-GAAP Information
Non-GAAP Information Management uses computations of earnings and certain other financial measures, which exclude certain adjustments that are included in the financial results presented in accordance with GAAP, to monitor performance and believes these measures provide meaningful information to inv
Slide 66: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Tax Pre-Provision Income (PPI) Less Charge-Offs to Risk-Weighted Assets Six Months Ended Year Ended ($ amounts in millions) 6/30/2025 2024 2023 2022 2021 2020 2019 Net income available to common shareholders (GAAP) $ 999 $ 1,774 $ 1,976 $ 2,146 $ 2,400 $ 991 $ 1,503 Prefe
Slide 67: Non-GAAP reconciliation
Non-GAAP reconciliation Return on Average Tangible Common Shareholders' Equity Six Months Ended Year Ended ($ amounts in millions) 6/30/2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 RETURN ON AVERAGE TANGIBLE COMMON SHAREHOLDERS' EQUITY Net income available to common shareholders A $ 999 $
Slide 68: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible Common Ratios As of and for Quarter Ended ($ amounts in millions, except per share data) 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 TANGIBLE COMMON RATIOS Shareholders’ equity (GAAP) A $ 18,666 $ 18,530 $ 17,879 $ 18,676 $ 17,169 Less: Preferred stock (GAAP)
Slide 69: Non-GAAP Reconciliation
Non-GAAP Reconciliation Net Income Available to Common Shareholders, Adjusted Diluted EPS, and Return Ratios Quarter Ended ($ amounts in millions) 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 2Q25 vs. 1Q25 2Q25 vs. 2Q24 Net income available to common shareholders (GAAP) A $ 534 $ 465 $ 508 $ 4
Slide 70: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Tax Pre-Provision Income (PPI) Quarter Ended ($ amounts in millions) 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 2Q25 vs. 1Q25 2Q25 vs. 2Q24 Net income available to common shareholders (GAAP) $ 534 $ 465 $ 508 $ 446 $ 477 $ 69 14.8 % $ 57 11.9 % Preferred dividends
Slide 71: Non-GAAP Reconciliation
Non-GAAP Reconciliation NII, Non-Interest Income/Expense, and Efficiency Ratio Quarter Ended ($ amounts in millions) 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 2Q25 vs. 1Q25 2Q25 vs. 2Q24 Non-interest expense (GAAP) A $ 1,073 $ 1,039 $ 1,038 $ 1,069 $ 1,004 $ 34 3.3 % $ 69 6.9 % Adjustments:
Slide 72: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-Interest Income Year Ended ($ amounts in millions) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Non-interest income (GAAP) $ 2,265 $ 2,256 $ 2,429 $ 2,524 $ 2,393 $ 2,116 $ 2,019 $ 1,962 $ 2,011 $ 1,937 $ 1,785 $ 2,096 $ 2,201 $ 2,226 Security (ga
Slide 73: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-Interest Expense Twelve Months Ended December 31 ($ amounts in millions) 2024 2023 2022 2021 2020 2019 2018 2017 2016 Non-interest expense (GAAP) $ 4,242 $ 4,416 $ 4,068 $ 3,747 $ 3,643 $ 3,489 $ 3,570 $ 3,491 $ 3,483 Adjustments: FDIC insurance special assessment (16) (1
Slide 74: Non-GAAP Reconciliation
Non-GAAP Reconciliation Adjusted CET1- inclusive of AOCI(4) Quarter Ended ($ amounts in millions) 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 ADJUSTED CET1 RATIO Common Equity Tier 1(1) A $ 13,533 $ 13,355 $ 13,434 $ 13,185 $ 13,093 Adjustments: AOCI gain (loss) on securities(2) (1,485) (1,64
Slide 75: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This presentation 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 con
Slide 76: Forward-Looking Statements
Forward-Looking Statements (continued) • Our inability to develop and gain acceptance from current and prospective customers for new products and services and the enhancement of existing products and services to meet customers’ needs and respond to emerging technological trends in a timely manner co
Slide 77: Forward-Looking Statements
Forward-Looking Statements (continued) • Our ability to comply with stress testing and capital planning requirements (as part of the CCAR process or otherwise) may continue to require a significant investment of our managerial resources due to the importance of such tests and requirements. • Our abi
Slide 78: Internal Use
Internal Use