Regions Financial Corporation · NYSE:RF
Regions Financial — Investor Presentation (November 2020)
73 slides from Regions Financial's investor presentation, Nov 4, 2020
Slide 1: Investor Information November - December 2020
Exhibit 99.1 Investor Information November - December 2020
Slide 2: Table of contents
Table of contents Topic Page # Profile and Strategy 3-10 Net Interest Income and Asset Sensitivity 11-16 Fee Income and Efficiencies 17-21 Balance Sheet 22-25 Capital, Debt & Liquidity 26-31 Credit 32-52 Technology & Continuous Improvement 53-59 Environmental, Social & Corporate Governance 60-61 App
Slide 3: Our banking franchise
Our banking franchise Ranked 17th in the U.S. in total deposits(1) Line of business coverage First Sterling Ascentium Business Capital Capital Markets Commercial Banking Corporate Banking Equipment Finance Government/Institutional Institutional Services Birmingham, Alabama Private Wealth Real Estate
Slide 4: Business segments
Business segments 3Q20 Pre-tax pre- Average loans Average deposits provision income(1) 2% 4% 8% 33% 34% $747M 47% $89B $117B 49% 64% 59% Consumer Corporate Wealth Management (1) Pie %'s exclude the pre-tax pre-provision income (loss) from the Other Segment totaling $(77) million. 4
Slide 5: Responding to our communities, customers and associates
Responding to our communities, customers and associates Communities • Committing $12M to advance programs and initiatives that promote racial equity and economic empowerment for communities of color • Donating $5M toward COVID-19 relief and recovery efforts • Donating previously purchased advertisin
Slide 6: Supporting our customers
Supporting our customers Customer Loan Modifications Highlights • 37% of active mortgage deferral As of 6/30/20 As of 9/30/20 balances as of 9/30/20 are due to Balances w/ Balances w/ deferral ($ in Deferral as % deferral ($ in Deferral as % GNMA repurchases during the millions) of total millions) o
Slide 7: Top market share plays a valuable role in the competitive landscape
Top market share plays a valuable role in the competitive landscape Markets with top 5 market share(1) • Ranked 17th in the U.S. in total deposits(1) • 86% of deposits in 7 states: Alabama, Tennessee, Florida, Louisiana, Mississippi, Georgia, Arkansas • Top 5 or better market share in ~70% of MSAs a
Slide 8: Presence in strong growth markets
Presence in strong growth markets Population growth vs. peers(1) (2021-2026) 60% of top(2) MSAs are projected to grow faster than the U.S. national average Peer #1 4.9% Top Faster Market (1) Growing MSAs Deposits Rank(2) '21-'26 Population Growth RF 3.1% Nashville, Tennessee $9.7 3 Peer #2 3.0% Tamp
Slide 9: Our footprint has significant economic advantages
Our footprint has significant economic advantages Jobs Population Footprint Retirees 42% of all new jobs 52% of all U.S. 35% of the U.S. GDP 6 of the top 10 states created in the U.S. population growth in generated in our where retirees are since 2009 were in last 10 years occurred footprint moving
Slide 10: Regions receives top honors
Regions receives top honors Regions Bank Named Top Customer Experience Six Years Strong: Regions Regions Bank Named Top Winner of 13 Leader in Large Retail Bank Again Named Gallup Regional Bank in J.D. Greenwich Excellence Bank Segments in Market Exceptional Workplace Award Power 2020 U.S. Online an
Slide 11: Net interest income and net interest margin - Liquidity Impacts
Net interest income and net interest margin - Liquidity Impacts NII(1) and NIM ($ in millions) $985 $1,000 $950 3.44% 3.38% 3.41% 3.19% 3.13% 3Q19 2Q20 3Q20 NII(1) NIM NIM excl. PPP/Cash • In 3Q, deposit and cash balances remained elevated given stimulus / liquidity in the system ◦ PPP and cash acco
Slide 12: Net interest income and net interest margin - Core Drivers
Net interest income and net interest margin - Core Drivers Core(1) NIM Attribution Core Drivers of NIM and NII • 3Q benefits from +$3B forward starting hedge 3.41% notional becoming active; additional benefit from 3.38% lower short-term rates offsets a portion of the long-term pressure: ◦ Hedging pr
Slide 13: Balance sheet profile (as of September 30, 2020)
Balance sheet profile (as of September 30, 2020) Portfolio compositions • Naturally asset sensitive balance sheet, supported by Assets Liabilities a large, stable deposit base Other 20% Deposits • Sensitivity to short-term rates has been largely 93% $145B Loans $127B Securities Borrowings neutralize
Slide 14: Focused on earnings stability through the cycle
Focused on earnings stability through the cycle NIM Performance vs Peers Normalized(3) NII change: 3Q20 vs 2Q19(4) 3.6 3.51% 3.46% 3.47% 3.44% 3.44% 3.4 3.36% 3.41% 3.25% 3.27% 0% 3.35% 3.34% 3.34% 3.16% 3.2 3.24% -10% 3.11% 3.13% 3.0 -20% 2.84% 2.8 -30% RF RF Normalized (2) Peer Median (1) 0 1 2 1
Slide 15: Hedging strategy protection
SNV, USB, ZION; TFC excluded given M&A noise Uses EOP 2Q20data latest available whenpublished; Source: SNL Financial, SECReporting; Peers include CFG,CMA, FHN, FITB,HBAN, HWC, KEY, MTB,PNC, a blendof 1m/3mLIBOR, primarily 1mLIBOR. (4) Avg. receive fixedrateincluding amortization ofdeferredgains (los
Slide 16: Interest rate exposure of future business and long-term rates
Interest rate exposure of future business and long-term rates Fixed / float loan mix(1) • The majority of Regions’ residual NII exposure to interest rates 100% comes from future business activities and cash-flow reinvestment; 90% avg 3Q production/reinvestment yield lower than runoff by ~1.1%; 80% f
Slide 17: Non-interest income QoQ highlights
Non-interest income QoQ highlights Change vs • Service charges impacted by elevated deposits and lower customer spend; while improved, at ($ in millions) 3Q20 2Q20 3Q19 current levels expect $30-35M per quarter Service charges $152 16.0% (18.3)% negative impact vs. prior year levels • Card & ATM fee
Slide 18: Diversified non-interest income
Diversified non-interest income (1) 3Q20 fee revenue by segment Consumer ($ in millions) • Consumer fee income categories include service charges on deposit accounts, card and ATM fees, and mortgage income generated through origination and servicing of residential mortgages • Growth in mortgage inco
Slide 19: Leverage operating advantage to grow mortgage share and relationships
Leverage operating advantage to grow mortgage share and relationships Market Prime Delivery Mortgage Investing Strength Portfolio Efficiency Servicing For Growth Closed mortgages 751 Avg. FICO 65% lower Servicing expense in Investments in expected to exceed origination and line with peer people, pro
Slide 20: Non-interest expense
Non-interest expense Adjusted non-interest expense(1) QoQ highlights ($ in millions) • Adjusted expenses(1) decreased 1% compared to $865 $898 $889 the prior quarter • Excluding COVID-related expenses and the impact of changes in market valuation on employee 57.4% 57.7% 55.3% benefit accounts, 3Q ad
Slide 21: Strong PPI profile
Strong PPI(1) profile Adjusted PPI(1) to RWA(2) 2.62% 2.59% 2.58% 2.49% 2.38% 2.26% 2.09% 2.07% 2.04% 2.04% 1.99% 1.93% 1.90% 1.57% Peer 1 Peer 2 RF Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Peer 13 • Regions' 3Q adjusted pre-tax pre-provision income (PPI)(1) was the h
Slide 22: Average loans
Average loans Adjusted average loans and leases(1) QoQ highlights ($ in billions) • Average loans decreased 3%; adjusted $85.8 average loans(1) decreased 4% $82.3 $78.8 • Pipelines remain healthy, however clients 26.9 continue to deleverage 27.3 26.3 • Commercial line utilization levels reached hist
Slide 23: 3Q20 average loan composition
3Q20 average loan composition Average consumer loans Average business loans ($ in billions) ($ in billions) Mortgage $15.8 CRE Mortgage - OO $5.5 CRE Construction - $29.9B Commercial and $59.5B OO $0.3 Indirect-Vehicles Industrial $46.4 $1.2 IRE - Mortgage $5.3 Other $1.1 Indirect-Other Credit Card
Slide 24: Commercial & IRE loans
Commercial & IRE loans As of 9/30/20 Total Outstanding ($ in millions) Commitments Balances % Utilization Administrative, Support, Waste & Repair $2,736 $1,739 64% • The outstanding balance for Agriculture 732 486 66% Real Estate within the Educational Services 3,972 3,052 77% Commercial section ref
Slide 25: Average deposits
Average deposits Average deposits by segment QoQ highlights ($ in billions) $116.7 $110.9 0.4 • Average deposits increased 5%; ending 0.4 8.7 8.4 deposits increased 1% $94.0 1.3 • Commercial clients' cash increases 7.8 38.8 resulting from focus on supply chain 36.4 efficiencies and declines in worki
Slide 26: Capital and liquidity
Capital and liquidity Tier 1 capital ratio(1) QoQ highlights • During 3Q declared $149M in common dividends • 3.0% Stress Capital Buffer for 4Q20-3Q21 10.8% 10.8% 10.4% • Common Equity Tier 1 ratio increased ~40 bps to an estimated 9.3%; expect near-term capital levels to increase further • Historic
Slide 27: CET1 Waterfall
CET1 Waterfall 0.7% 9.3% 8.9% (0.1)% (0.1)% (0.1)% Pre-tax pre- Common Provision 2Q20 CET1% Tax & Other 3Q20 CET1%(3) provision dividend expense(2) income(1) (1) Non-GAAP; see appendix for reconciliation. (2) Provision expense includes the impact of CECL deferral. (3) Current quarter ratios are 27 e
Slide 28: Significant protection
Significant protection 2Q20 CET1 + Additional Loss Absorbency(1)(2) % of RWA 14.31% 13.81% 13.55% 1.06% 13.11% 12.64% 12.56% 12.47% 1.95% 2.09% 1.99% 2.03% 0.87% 0.63% 0.64% 11.81% 11.74% 11.66% 11.57% 0.51% 11.43% 2.00% 1.97% 2.09% 1.64% 0.72% 0.34% 0.61% 11.06% 10.88% 10.84% 2.24% 1.60% 1.72% 0.93
Slide 29: Focus on risk-adjusted returns
Focus on risk-adjusted returns Capital Optimization Investments Mortgage Corporate/Commercial Mortgage Servicing Rights • Sold ~$421M of residential mortgage • Loan exposures have been • ~$17B in MSR bulk purchases since the beginning loans from loan portfolio since 2017 reviewed in depth by Capital
Slide 30: Regions unsecured debt and credit ratings profile
Regions unsecured debt and credit ratings profile Debt maturity profile(1) Select credit ratings ($ in millions) Moody's S&P Fitch Regions Financial Corporation Senior Unsecured Debt Baa2 BBB+ BBB+ $1,000 $1,000 $900 $800 Subordinated Debt Baa2 BBB BBB 150 $614 500 Regions Bank 254 1,000 1,000 750 $
Slide 31: Ample sources of additional liquidity aided by strong Risk Management
Ample sources of additional liquidity aided by strong Risk Management Liquidity Risk Management Additional Liquidity Sources Regions’ Risk Management and Stress Testing have guided the Beyond deposits, Regions has additional liquidity company to liquidity levels that are well prepared for the source
Slide 32: Diversification through comprehensive concentration framework
Diversification through comprehensive concentration framework Industry Concentrations Geographic Concentrations • Risk Appetite driven approach • Market scorecards are product Concentration Risk Framework specific • Multi-tiered hierarchy e.g., Consumer vs. Investor Real 10 sectors, 24 industries, 9
Slide 33: Significant expansion of portfolio risk indicators
Significant expansion of portfolio risk indicators Portfolio Performance Metrics Early Warning Indicators Metrics are cascaded to ensure Regions maintains a robust library of over 150 quantitative and accountability and permit qualitative measures strategic allocation of risk capacity Capital Market
Slide 34: Asset quality
Asset quality Net charge-offs and ratio Criticized business loans ($ in millions) $182 ($ in millions) 132 0.80% $4,225 $113 $3,734 $92 75 $2,319 30 0.50% 0.44% 62 50 38 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 Consumer net Business services Net charge-offs • If positive trends continue, no additional reserve
Slide 35: COVID-19 high-risk industry sectors
Bottom up review informs and narrows COVID-19 high-risk industry sectors (as of September 30, 2020) % of Utilization Leveraged SNC % % C&I Portfolio BAL$(1) BAL$ Rate(2) % of BAL$ % of BAL$ Deferral Criticized Energy – Oil & Gas Extraction, Oilfield Services $1.15b 1.3% 60% —% 79% 3% 43% Healthcare
Slide 36: COVID-19 high-risk industry sectors waterfall
COVID-19 high-risk industry sectors waterfall ($ in billions) QoQ highlights • COVID high-risk industries are continuously refined to those exhibiting higher levels of stress due $8.43 $0.03 to COVID impact $6.58 • Several sub-sectors were removed $(1.17) including but not limited to: $(0.71) ◦ Groc
Slide 37: Allowance for credit losses waterfall
Allowance for credit losses waterfall ($ in millions) QoQ highlights • Q3 ending allowance was essentially flat $2,425 $135 $2,425 to 2Q as economic and credit performance was generally in line with expectations $(113) $(22) • Net charge-offs incurred during the quarter were offset by increased risk
Slide 38: Base R&S Economic Outlook
Base R&S Economic Outlook (as of September 18, 2020) Pre-R&S period 3Q2020 4Q2020 1Q2021 2Q2021 3Q2021 4Q2021 1Q2022 2Q2022 3Q2022 Real GDP, annualized % change 25.2% 8.5% 1.4% 1.9% 2.1% 2.1% 2.3% 2.3% 1.9% Unemployment rate 9.0% 8.4% 8.1% 7.7% 7.4% 7.0% 6.8% 6.6% 6.4% HPI, year-over-year % change 5
Slide 39: Allowance Allocation
Allowance Allocation As of 9/30/20 As of 6/30/20 (in millions) Loan Balance ACL ACL/Loans Loan Balance ACL ACL/Loans C&I $45,199 $1,119 2.48% $47,670 $1,109 2.33% CRE-OO Mortgage 5,451 247 4.53% 5,491 249 4.53% CRE-OO Construction 305 22 7.16% 314 20 6.25% Total Commercial $50,955 $1,388 2.72% $53,4
Slide 40: Leveraged portfolio
Leveraged portfolio (outstanding balances as of September 30, 2020) Leveraged Balances by Industry Leverage Definition • Regions Leveraged Lending Definition - $5.7B in balances Professional • Commitments are $10M Services 18% • Leverage exceeds 3x senior debt; 4x total debt Information 14% • Includ
Slide 41: SNC portfolio
SNC portfolio (outstanding balances as of September 30, 2020) Shared National Credit Balances by Industry 10% • Portfolio Characteristics 8% • Diverse industry mix 8% $19.4B • 30% of balances are investment grade 55% 7% • 23% of balances are leveraged 6% 6% • 25% of balances are sponsor-backed • 8%
Slide 42: Energy lending
Energy lending As of 9/30/20 Total Outstanding ($ in millions) # of Clients (1) Commitments Balances % Utilization $ Criticized % Criticized Oilfield services and supply (OFS)(2) 154 $484 $312 64% $114 37% Exploration and production (E&P)(2) 104 1,421 835 59% 381 46% Midstream 23 1,562 592 38% 135 2
Slide 43: Energy lending (continued)
Energy lending (continued) Balances by Category Gross Losses $1,500 $140 $128.0 $120 $1,200 $100 ) s ) n $900 s n o $80 $75.1 i o l i l l i l i M M ( $600 ( $60 $ $ $40 $36.7 $28.5 $32.9 $300 $20 $6.0 $0.0 $0 $0 P es m m er ns 4 5 6 7 8 9 0 E& ic a a th a 01 01 01 01 01 01 02 rv tre tre O Lo 2 2 2 2
Slide 44: Restaurant lending
Restaurant lending As of 9/30/20 % of Total Outstanding Outstanding ($ in millions) # of Clients* Commitments Balances % Utilization $ Criticized Criticized Quick Service 17,821 $1,554 $1,278 82% $166 13% Casual Dining 30 500 447 89% 244 55% Other 22 150 121 81% 44 36% PPP Loans 2,649 407 407 100% —
Slide 45: Hotel lending
Hotel lending As of 9/30/20 % of Total Outstanding Outstanding ($ in millions) # of Clients* Commitments Balances % Utilization $ Criticized Criticized CRE-Unsecured (REITs) 11 $863 $676 78% $0 0% IRE – Mortgage 17 253 237 94% 222 94% IRE – Construction 3 80 51 64% 51 100% Consumer Services 3,545 14
Slide 46: Commercial retail lending
Commercial retail lending As of 9/30/20 Total Outstanding ($ in millions) # of Clients* Commitments Balances % Utilization $ Criticized % Criticized CRE-Unsecured (REITs) 28 $2,979 $1,406 47% $92 7% IRE 149 780 733 94% 182 25% C&I: 28,121 2,777 1,461 53% 42 3% Leveraged 16 390 225 58% — —% Not Lever
Slide 47: Religious, Leisure, Personal & Non-Profit Services Lending
Religious, Leisure, Personal & Non-Profit Services Lending As of 9/30/20 # of Total Outstanding % ($ in millions) Clients* Commitments Balances Utilization $ Criticized % Criticized Amusement, Gambling & Recreation 1,305 $581 $479 82% $102 21% Religious Organizations 4,718 447 303 68% 21 7% Arts, En
Slide 48: Healthcare Lending
Healthcare Lending As of 9/30/20 # of Total Outstanding % ($ in millions) Clients* Commitments Balances Utilization $ Criticized % Criticized Facilities 2,434 $2,228 $1,296 58% $21 2% Patient Based Providers 12,618 2,007 1,517 76% 81 5% Goods & Services 1,351 2,097 1,071 51% 22 2% REITs — 3 0 —% 0 0
Slide 49: Loans to Small Business and Small Farms
Loans to Small Business and Small Farms (outstanding balances as of September 30, 2020) Healthcare 16% Balances by Industry Balances by State Real Estate 12% Professional, Scientific & Technical Services 9% Florida 29% 16% Transportation & 21% Alabama 10% Warehousing 9% 29% 37% Retail Trade 9% Tenne
Slide 50: SBA loans
SBA loans (outstanding balances as of September 30, 2020) Balances by Industry Balances by State Healthcare 14% Manufacturing 13% Florida 29% Real Estate 12% 14% 26% Alabama 14% 24% Professional, 29% Scientific 11% Tennessee 12% 13% Restaurant, 8% $5.4B Accommodation $5.4B Georgia 10% & Lodging 10%
Slide 51: Consumer lending portfolio statistics
Consumer lending portfolio statistics Consumer Third Party Residential Mortgage Lending Consumer Credit Card • Avg. origination FICO 751 • Avg. origination FICO 754 • Avg. origination FICO 766 • Current LTV 60% • Avg. new line $28,875 • Avg. new line $4,318 • 96% owner occupied • 42% home improvemen
Slide 52: LIBOR transition
LIBOR transition Four pillars of execution • Regions completed a comprehensive LIBOR Impact Assessment in 1H 2019 • Regions has established an Executive Steering Committee to guide program decisions and transition strategy. • Regions has begun enterprise-wide efforts to transition to alternative rat
Slide 53: Significant spending on technology initiatives
Significant spending on technology initiatives Technology Investment(1) Near-term priorities • Expand digital sales with ability to continue and complete transactions omni-channel Cybersecurity & risk management New technology • Self-Service portals for customer claims and investments consumer colle
Slide 54: Leading edge platforms in place
Leading edge platforms in place Corporate Consumer Wealth Internal Enterprise Banking Banking Management Systems Initiatives • Commercial Loan • Single Branch • State of the Art, • Workday - • Contact Center Origination Platform Cloud-Based Learning, (AI based System (nCino) Wealth Platform Analytic
Slide 55: Established foundation for innovation and execution
Established foundation for innovation and execution • Upgraded talent with expertise in modern technologies • Certified Project Management • S&G Enabled Organizational Change Professionals (PMP) and SAFe Agilists • “Shadow IT” functions consolidated Talent • Focus on Full Stack and Design Engineerin
Slide 56: Core system modernization
Core system modernization An eight year journey Staggered Leveraging execution existing approach technology spend Business Micro-services Transformation architecture to supported by enable modern innovation and technology speed to market 56
Slide 57: Growth in Digital
Growth in Digital Active Digital Banking Users Active Mobile Banking Users Digital Banking Log-Ins (Millions) (Millions) (Millions) 9% YoY 22% YoY 5% YoY 2.0 2.0 285 286 2.7 2.8 2.8 234 147 143 120 1.8 138 143 114 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 Mobile Banking Log-Ins Online Banking Log
Slide 58: Continuous improvement initiatives delivering solid results
Continuous improvement initiatives delivering solid results Simplify & Grow initiative tracker Simplify & Grow expense initiatives (% represents $ of savings) Initiatives Total Initiatives to be number of complete completed initiatives All others Revenue 9 20 29 Top 6-10 to be completed Organization
Slide 59: Optimizing the branch network
Optimizing the branch network Consolidations funding growth initiatives Branch Efficiency Through 2020 Cumulative branch consolidations and de novos • >400 branches consolidated from 2014 – EOY 2020 De novos while opening 72 branches Consolidations • The branch network will shrink by ~54 in 2020, dr
Slide 60: Corporate governance
Corporate governance Regions understands that good corporate governance is the Robust corporate governance shareholder foundation of sustainable business, and good decision-making is engagement program necessary for creating shareholder value over the long term. • We consider proper shareholder enga
Slide 61: Environmental & social highlights
Environmental & social highlights(1) ESG Recognitions: 2023 Environmental ESG Documents: • 56th in Barron's 2020 ranking of the 100 (2) • Human Rights Statement Most Sustainable Companies Goals • Supplier Code of Conduct • Great Place to Work-Certified™ Reduce Emissions Reduce Energy • Environmental
Slide 62: Appendix
> GENERATING Consistent Sustainable Kiersten Performance APPENDIX AM ReEGIONS| 62
Slide 63: Footprint economic advantages source references
Footprint economic advantages source references Fact Source Bureau of Labor Statistics. "Employment, Hours, and Earnings from the Current Employment Statistics Survey." Databases, Tables & Calculators by Subject, 18 Feb. 2020, data.bls.gov/ Job Growth timeseries/CES0000000001. Accessed 18 Feb. 2020.
Slide 64: Non-GAAP information
Non-GAAP information Management uses pre-tax pre-provision income (non-GAAP) and adjusted pre-tax pre-provision income (non-GAAP), as well as the adjusted efficiency ratio (non-GAAP) and the adjusted fee income ratio (non-GAAP) to monitor performance and believes these measures provide meaningful in
Slide 65: Non-GAAP and additional selected items impacting earnings
Non-GAAP and additional selected items impacting earnings Quarter Ended (amounts in millions, except per share data) 9/30/2020 6/30/2020 9/30/2019 Selected items impacting earnings: Pre-tax adjusted items(1): Branch consolidation, property and equipment charges $ (3) $ (10) $ (5) Loss on early extin
Slide 66: Non-GAAP reconciliation: NII, non-interest income/expense, operating leverage and efficiency ratio
Non-GAAP reconciliation: NII, non-interest income/expense, operating leverage and efficiency ratio Quarter Ended ($ amounts in millions) 9/30/2020 6/30/2020 3/31/2020 12/31/2019 9/30/2019 3Q20 vs. 2Q20 3Q20 vs. 3Q19 Non-interest expense (GAAP) A $ 896 $ 924 $ 836 $ 897 $ 871 $ (28) (3.0)% $ 25 2.9 %
Slide 67: Non-GAAP reconciliation: adjusted average loans
Non-GAAP reconciliation: adjusted average loans Average Balances ($ amounts in millions) 3Q20 2Q20 1Q20 4Q19 3Q19 3Q20 vs. 2Q20 3Q20 vs. 3Q19 Commercial and industrial $ 46,405 $ 49,296 $ 40,519 $ 39,743 $ 40,200 $ (2,891) (5.9)% $ 6,205 15.4 % Less: SBA PPP Loans 4,558 3,213 — — — 1,345 41.9 % 4,55
Slide 68: Non-GAAP reconciliation: non-interest expense
Non-GAAP reconciliation: non-interest expense Year Ended December 31 2019 2018 2017 2016 (Dollars in millions) ADJUSTED NON-INTEREST EXPENSE Non-interest expense (GAAP) $ 3,489 $ 3,570 $ 3,491 $ 3,483 Adjustments: Contribution to Regions Financial Corporation foundation — (60) (40) — Professional, l
Slide 69: Non-GAAP reconciliation: Pre-tax pre-provision income (PPI)
Non-GAAP reconciliation: Pre- tax pre-provision income (PPI) Quarter Ended ($ amounts in millions) 9/30/2020 6/30/2020 3/31/2020 12/31/2019 9/30/2019 3Q20 vs. 2Q20 3Q20 vs. 3Q19 Net income (loss) available to common shareholders (GAAP) $ 501 $ (237) $ 139 $ 366 $ 385 $ 738 311.4 % $ 116 30.1 % Prefe
Slide 70: Forward-looking statements
Forward-looking statements Forward-Looking Statements This release may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Any statement that does not describe historical or current facts is a forward-looking statement. Forward-looking statements ar
Slide 71: Forward-looking statements (continued)
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 72: Forward-looking statements (continued)
Forward-looking statements (continued) • The effects of problems encountered by other financial institutions that adversely affect us or the banking industry generally could require us to change certain business practices, reduce our revenue, impose additional costs on us, or otherwise negatively af
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