Regions Financial Corporation · NYSE:RF
Regions Financial — Investor Presentation (August 2022)
69 slides from Regions Financial's investor presentation, Aug 10, 2022
Slide 1: Investor Information August - September 2022
Investor Information August - September 2022 Exhibit 99.1
Slide 2: Table of contents
2 Table of contents Topic Page # Profile and Strategy 3-10 Income Statement 11-26 Business Segment Highlights 27-31 Balance Sheet 32-38 Capital, Debt & Liquidity 39 Technology & Continuous Improvement 40-45 Credit 46-51 Near-Term Expectations 52 Environmental, Social & Governance 53-54 LIBOR Transit
Slide 3: Line of business coverage
3 Line of business coverage Alabama – 190 Georgia – 115 Iowa – 5 Mississippi – 101 South Carolina – 20 Arkansas – 59 Illinois – 41 Kentucky – 11 Missouri – 51 Tennessee – 200 Florida – 277 Indiana – 42 Louisiana – 83 North Carolina – 7 Texas – 91 Ranked 18th in the U.S. in total deposits(1) Branch l
Slide 4: Improved credit risk profile and continuous improvement
4 CCAR Loan Loss Rate Profile evolution Improved Credit Risk Profile Continuous Improvement Proactive Interest Rate Hedging Exited Non-Core Business Strategic M&A Top Quartile Profitability $24 $7 2008 2021 Investor CRE ($ in billions) 8.1% 6.5% 2012 2021 Customer Journeys Organization Simplificatio
Slide 5: Top market share plays a valuable role in the competitive landscape
5 Top market share plays a valuable role in the competitive landscape (1) Based on MSA and non-MSA counties using FDIC deposit data as of 6/30/2021; pro-forma for announced M&A transactions as of 07/29/2022. (2) Significant money center bank presence (JPM, BAC, C, WFC) defined as combined market sha
Slide 6: Strong in-market migration has converted legacy core markets into growth markets
6 Strong in-market migration has converted legacy core markets into growth markets Top Faster Growing MSAs Deposits Market Rank(1) Birmingham, Alabama $14.9 2 Nashville, Tennessee $10.8 3 Tampa, Florida $7.2 4 Miami, Florida $5.9 10 Atlanta, Georgia $5.5 7 Mobile, Alabama $3.2 1 Orlando, Florida $3.
Slide 7: Regions receives top honors
7 Regions Bank Awarded Silver Military Friendly Employer Award Eight Years Strong: Regions Bank Again Named Gallup Exceptional Workplace Award Winner in 2022 Regions Bank earned the Great Place to Work-Certified™ Company designation based on what current associates say about their experience working
Slide 8: Second quarter 2022 overview
8 Second quarter 2022 overview (1) Non-GAAP, see appendix for reconciliation. Pre-Tax Pre-Provision Income(1) Diluted Earnings Per Share Total Revenue Non-Interest Expense Net Income Available to Common Shareholders $0.59 $558M • ROATCE(1) ratio improved 440 bps QoQ to 25.4%. • 2Q adjusted pre-tax p
Slide 9: Regions' consistent outperformance
9 Regions' consistent outperformance Adjusted PPI(1) Less Net Charge-offs to RWA(2) Regions' earnings, including credit costs, have been top quartile for 8 straight quarters 1.70 2.16 2.33 2.29 2.33 2.44 2.23 2.19 2.54 1.74 1.73 1.74 1.86 1.97 1.91 1.78 1.63 1.89 RF Peer Median 2Q20 3Q20 4Q20 1Q21 2
Slide 10: ROATCE: Top of peer group
10 ROATCE: Top of peer group 9.0% 9.7% 11.0% 17.6% 14.9% 9.2% 21.4% 21.0% 25.4% 12.0% 11.0% 12.0% 17.0% 14.7% 8.5% 16.5% 14.0% 18.3% RF Peer Median 2015 2016 2017 2018 2019 2020 2021 1Q22 2Q22 ROATCE Performance Trend vs. Peers(1) (1) Non-GAAP; see Appendix for reconciliation. Peers include CFG, CMA
Slide 11: Consistent NIM performance aided by peer-leading loan yield
11 Consistent NIM performance aided by peer-leading loan yield (1) Source: S&P Capital IQ. Peers include CFG, CMA, FHN, FITB, HBAN, HWC, KEY, MTB, PNC, SNV, TFC, USB, ZION. (2) Non- GAAP; see appendix for reconciliation. Net Interest Margin vs. Peers(1) 3.48% 3.45% 3.21% 2.85% 2.85% 3.06% 3.40% 3.34
Slide 12: NII & margin performance
12 $975 $1,026 $1,119 2.81% 2.85% 3.06% 3.31% 3.43% 3.44% 2Q21 1Q22 2Q22 NII NII & margin performance NII and NIM(1) ($ in millions) (1) Net interest income (NII) and net interest margin (NIM) are reflected on a fully taxable-equivalent basis. (2) Non-GAAP; see appendix for reconciliation. NIM NIM e
Slide 13: Net interest income drivers and outlook
13 • Avg. loans grew ~$3.0B in 2Q • $1.2B securities purchases for hedging • Higher short-term rates now benefiting NII ◦ Contractual loan and cash repricing ◦ Hedging benefit of $78M NII in 2Q ◦ Stable deposit pricing; 2Q deposit yield = 6bps / interest-bearing deposit yield = 10bps (5% beta) • Hig
Slide 14: Asset sensitive balance sheet
14 (1) Adj. NIM excludes PPP and excess cash over $750M. Adjusted NIM is non-GAAP; see appendix for historical reconciliations. (2) Short- term rate NII guidance assumes 25%-35% incremental beta in a Fed Funds range of 1.75%-3.50%. 25bps rate hike adds +$40-60M of NII over 12 months(2) • ~$17B annua
Slide 15: Balance sheet profile and positioning
15 Floating 60% Fixed 40% Deposits 96% Borrowings 2% Other 2% • Balance sheet position naturally benefits from higher interest rates (i.e. asset sensitive), supported by: ◦ large floating rate loan and cash mix ◦ large, stable deposit base and low reliance on wholesale borrowings • Stability of depo
Slide 16: Balance sheet positioning advantage
16 Balance sheet positioning advantage Strong deposit franchise and cash position provide an opportunity for flexibility and outperformance in a monetary tightening environment (1) Rate cycle measured from 4Q21 to 2Q22. Source: SEC reporting. Peer banks include: CFG, CMA, FHN, FITB, HBAN, HWC, KEY,
Slide 17: Hedges protected NII while rates were low
17 Hedges protected NII while rates were low; unwound hedges additive to NII in coming years While not included in the outlook, opportunities exist if surge deposits are retained with lower betas (assume ~70% through-the-cycle deposit beta), or if additional excess cash is able to be deployed into l
Slide 18: Hedging program
18 • Our legacy hedging program has performed as designed, limiting NII and NIM downside under the low-rate environment • The hedge repositioning in 2021 purposely created more rate exposure in the period where the balance of risk had shifted to rising rates • Today, forward rate expectations have b
Slide 19: Securities portfolio
19 • Portfolio constructed to protect against changes in market rates ◦ Duration of approximately 5 years provides offset to long-duration deposit book ◦ ~30% of the securities in the portfolio are bullet-like (CMBS, corporate bonds, and USTs) ◦ Purchase MBS with loan characteristics that offer prep
Slide 20: Adjusted non-interest income
20 Adj. Non-Interest Income $600 $583 $640 2Q21 1Q22 2Q22 Change vs ($ in millions) 2Q22 1Q22 2Q21 Service charges $165 (1.8)% 1.2% Card and ATM fees 133 7.3% 3.9% Capital markets (Ex CVA/DVA) 92 37.3% 41.5% Capital Markets - CVA/DVA 20 233.3% NM Wealth management income 102 1.0% 6.3% Mortgage incom
Slide 21: Diversified non-interest income
21 Consumer 48% Wealth Management 16% Corporate 36% 2Q22 fee revenue by segment(1) Diversified non-interest income ($ 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 resid
Slide 22: Capital Markets
22 Capital Markets Growing products and services that our clients value Our associates delivered results • Capital Markets revenue is up 15% YTD • 2021 vs. 2020 revenue driven by loan syndications, securities underwriting and placement, M&A advisory services, and placement of real estate permanent f
Slide 23: Treasury Management
23 Treasury Management Enabling our clients to optimize cash flow and manage risk with a comprehensive & competitive suite of Treasury Management solutions Strategic Investments in Technology & Talent Excellence in Global Trade Finance • Export Working Capital Preferred Lender • #1 SBA Export Lender
Slide 24: Updated NSF/OD policies
24 Regions has made significant changes and upgrades while continuing to provide clients with resources needed to succeed in managing their finances. Details of Regions' Announcement(2): 1Q22-Eliminate overdraft protection transfer fees 2Q22-Reduce daily cap for overdraft occurrences to 3 2Q22-Elimi
Slide 25: Mortgage remains a key component of fee revenue
25 Purchase volume expected to remain stable in 2022 driven by the housing market(1), while refinances have slowed due to rising rates Closed mortgages expected to be over $675B in 2Q 2022 across the US(1) Enhancing MLO execution to drive customer experience and improve cycle time Continuing to focu
Slide 26: Non-interest expense and efficiency ratio
26 $898 $933 $948 56.4% 57.9% 53.9% Non-interest expense Efficiency ratio 2Q21 1Q22 2Q22 • Non-interest expense increased ~2% on both a reported and adjusted basis(1). ◦ Salaries and benefits increased 5% due to annual merit increases, higher variable- based and incentive compensation, and one addit
Slide 27: Business segments
27 51%43% 6% 63% 35% 2% 30% 61% 7% 2% $800M $91B $140B 2Q22 Pre-tax pre- provision income(1) 2Q22 Average deposits 2Q22 Average loans (1) Pie %'s exclude the pre-tax pre-provision income from the Other Segment totaling $(6) million. Business segments Consumer Corporate Wealth Management Other
Slide 28: Investments in our businesses
28(1) May 2022 vs 2021. (2) Represents penetration of Corporate Banking Group segment. (3) Since 2019. (4) Includes accounts for Investment Services, Institutional Services, Highland Associates, and Private Wealth Management. (5) Quality relationships defined as having a cumulative $500K in deposits
Slide 29: Consumer Banking Group
29 (1) Consumer Bank – LOB Average Deposits. (2) From 1/1/2014 to 6/30/2022. Consumer Banking Group Driving growth and customer engagement through strategic investments Continuing to Deliver Strong Results Strong Banker Talent in branches to provide effective consumer banking services to customers D
Slide 30: Corporate Banking Group
30 Corporate Banking Group Strong alignment across the businesses, risk partners, and product groups Strategic Investments Expanded Expertise Solid Credit Quality with YTD Charge offs of 5bps, a 13bps improvement vs the prior year Ascentium Capital exceeding expectations Integrated Clearsight Adviso
Slide 31: Wealth Management Group
31 Launch of hybrid robo-advice solution, Regions InvestPath®, on June 7, 2022(2) (1) Represents June YTD Numbers. (2) Through Regions Investment Solutions. See additional information on slide 68. Wealth Management Group Focus on execution & investments to optimize the client and associate experienc
Slide 32: Loan growth continues
32 • Avg business loans increased 5% driven by broad- based growth across all businesses and industries. Commitments increased $5.5B and utilization increased to 44.4%. ◦ PPP loans ended the quarter at $254M. Expect PPP to reduce avg loans by ~$2.4B in FY22. ◦ Balances considered investment grade eq
Slide 33: Average loan composition
33 $46.5 $5.2 $0.2 $5.8 $1.7 Commercial and Industrial CRE Mortgage - OO CRE Construction - OO IRE - Mortgage IRE - Construction 2Q22 Average loan composition $17.6 $6.1 $5.7 $0.8 $1.1 Mortgage Home Equity Other Consumer Other Consumer - Exit Portfolios Consumer Credit Card Average consumer loans $3
Slide 34: Commercial & IRE loans
34 Commercial & IRE loans As of 6/30/22 ($ in millions) Total Commitments Outstanding Balances % Utilization Administrative, Support, Waste & Repair $2,524 $1,518 60% Agriculture 575 335 58% Educational Services 4,377 3,299 75% Energy - Oil, Gas & Coal 4,498 1,519 34% Financial Services 13,190 6,279
Slide 35: Deposit growth continues
35 $131.1 $138.7 $139.6 78.2 83.1 85.2 43.0 42.6 41.9 9.5 10.4 10.00.4 2.7 2.4 2Q21 1Q22 2Q22 Deposit growth continues (1) Other deposits represent non-customer balances primarily consisting of EnerBank brokered deposits. (2) See next slide for an analysis of surge deposit components, as well as und
Slide 36: Deposit surge and beta
36 • Comprised of new consumer customers, consumer customers who did not receive stimulus and growth in historically stable products such as savings. • ~$15B, representing ~38% of growth since 12/31/2019. Balances roughly stable in 2Q22. • Considerable growth in consumer balances that had low betas
Slide 37: State of the consumer
37 State of the consumer Regions' exposure to low-FICO borrowers remains negligible; customers with historically low deposit balances still have significant cushion Retail Deposits Business/ Other Deposits Retail Deposits Regions' consumer borrowers are in a strong position relative to pre-pandemic
Slide 38: Deposit advantage
38 4Q17 2Q22 Deposit advantage (1) "Other" category includes EnerBank deposits and are average deposit balances. (2) Source - Bank Call Report data as of 3/31/2022. (3) 2Q22 Average NIB/IB split by Business: Consumer 37%/63%, Corporate 61%/39%, Wealth 14%/86%. Funding Mix(1) - Current vs. Prior Risi
Slide 39: Capital and liquidity
39 10.36% 9.39% 9.25% 2Q21 1Q22 2Q22 • Stress Capital Buffer requirement for 4Q22 through 3Q23 will remain at 2.5%. • Common Equity Tier 1 (CET1) ratio decreased 14 bps to 9.25%, reflecting strong loan growth. • Expect to maintain CET1 near the mid-point of 9.25-9.75% operating range over time. • In
Slide 40: Investing for growth while maintaining focus on capital optimization
40 Investing for growth while maintaining focus on capital optimization Acquisition of HUD (MAP) License 2014 2015 2016 2019 2020 2018 2021 Acquisition of Fannie Mae DUS License Third-party originated auto portfolio ~$2.0B moved to runoff Entered into MSR flow-deal arrangement Sold Regions Insurance
Slide 41: Technology and customer experience efforts
41 ® Efforts Omnichannel view of customers for a “You Know Me & Value Me” experience Regions Client IQ (RCLIQ) and Wealth Client IQ delivering ‘needs based’ engagement resulting in significant corporate and wealth management revenue ROSIE Personalized offering of products and services to anticipate
Slide 42: Digital acceleration
42 Digital Acceleration Digital Enhancements iTreasury Upgrade, Regions InvestPath® digital investment solutions tool(1), Auto-Draft Reminder Alerts, Text Banking Enhancements, New HELOC customer application portal . 31% increase in Zelle transactions in Q2 2022 compared to Q2 2021 Innovating Operat
Slide 43: Continue to invest for the future
43 System Maintenance New Technology Cybersecurity / Risk Management Continue to invest for the future • Regions remains competitive by reserving ~10-11% of revenue for Technology Spend. • Past investment on innovation and strategy provided a firm, resilient foundation for addressing changes in cust
Slide 44: Growth in digital
44 2.0 2.2 2.4 2Q20 2Q21 2Q22 1.31 2.28 2.99 2Q20 2Q21 2Q22 147 159 159 2Q20 2Q21 2Q22 2.8 3.1 3.3 2Q20 2Q21 2Q22 19.4% 21.4% 22.2% 31.7% 32.2% 32.2% 48.9% 46.4% 45.6% 2Q20 2Q21 2Q22 70.7 87.2 82.2 61.0 73.9 65.4 9.7 13.3 16.8 Deposits Lending 2Q20 2Q21 2Q22 66% 68% 70% 34% 32% 30% 2Q20 2Q21 2Q22 Gr
Slide 45: Continuous improvement framework
45 Continuous improvement framework • Making Banking Easier – Be intensely responsive to customer needs • Revenue Growth – Improve effectiveness in generating prudent, profitable, sustainable growth • Efficiency Improvements – Continuously leverage people and technology to improve processes, reduce
Slide 46: Asset quality improvement continues
46 • 2Q annualized NCOs at 17bps, decreased 4bps QoQ. • In consumer - residential mortgage and home equity experienced net recoveries in 2Q. • 2Q NPLs increased modestly while criticized business loans and total delinquencies continued to improve. • 2Q ACL increased modestly while the ACL ratio decl
Slide 47: Allowance for credit losses waterfall
47 Economic / Qualitative $1,492 $(38) $(28) $(9) $26 $71 $1,514 Allowance for credit losses waterfall Pandemic- related Qualitative Net Charge- Offs 06/30/2022 • 2Q allowance increased $21M compared to prior quarter, resulting in a $60M provision expense. • Key drivers of the increase in ACL: ◦ Sig
Slide 48: Base R&S economic outlook
48 Pre-R&S period 2Q2022 3Q2022 4Q2022 1Q2023 2Q2023 3Q2023 4Q2023 1Q2024 2Q2024 Real GDP, annualized % change 3.2 % 2.1 % 2.2 % 1.8 % 1.9 % 1.9 % 2.0 % 2.0 % 1.9 % Unemployment rate 3.6 % 3.5 % 3.5 % 3.4 % 3.4 % 3.4 % 3.5 % 3.5 % 3.5 % HPI, year-over-year % change 19.3 % 15.6 % 11.7 % 7.1 % 3.0 % 2
Slide 49: Allowance allocation
49 As of 6/30/2022 As of 12/31/2021 (in millions) Loan Balance ACL ACL/Loans Loan Balance ACL ACL/Loans C&I $48,492 548 1.13 % $43,758 $613 1.40 % CRE-OO mortgage 5,218 100 1.92 % 5,287 118 2.23 % CRE-OO construction 266 6 2.40 % 264 9 3.53 % Total commercial $53,976 $654 1.21 % $49,309 $740 1.50 %
Slide 50: Commercial portfolio migrates to lower risk
50 2Q19 2Q22 Commercial Portfolio Migrates to Lower Risk 35 Bps Commercial Portfolio Probability of Default All Other Commercial 17.4% Investor Real Estate 12.4% Govt. Education 10.3% Financial Services 10.2%CRE Unsecured 9.4% Consumer Services 9.5% Manufacturing 8.4% Business Services 7.8% Technolo
Slide 51: Consumer lending portfolio statistics
51 Consumer lending portfolio statistics • Avg. origination FICO 760 • Current LTV 52% • 98% owner occupied • Avg. origination FICO 778 • Current LTV 34% • 71% of portfolio is 1st lien • Avg. loan size $36,270 • $63M to convert to amortizing or balloon during 2022 • Avg. origination FICO 761 • Avg.
Slide 52: 2022 expectations
52 2022 expectations (1) Non-GAAP, see appendix for reconciliation. (2) The reconciliation with respect to forward-looking non-GAAP measures is expected to be consistent with actual non-GAAP reconciliations included in the attached appendix or in previous filings with the SEC. (3) Expectations utili
Slide 53: Environmental, Social & Governance
53 Environmental, Social & Governance ESG Governance ESG-related elements of the Strategic Plan, annual budget, and capital planning processBOARD OF DIRECTORS Board-Level Committees NCG Committee ESG strategies, initiatives, policies, and practices, along with related voluntary disclosures and stake
Slide 54: Environmental, Social & Governance Highlights
54 Environmental, Social & Governance Highlights Promoting financial inclusivity Pursuing environmental sustainability Maintaining accountability for our ESG progress ▪ Further integrated ESG into our enterprise-wide strategic planning and risk management processes ▪ Formed a new Technology Committe
Slide 55: LIBOR Transition Readiness & the Path Forward
55 LIBOR Transition Readiness & the Path Forward Moving to Next Phase of Transition Path to Completing the Transition From LIBOR As of January 1, 2022 Regions is no longer originating LIBOR loans. Regions has taken steps both systematically and through training to ensure that no new LIBOR loans are
Slide 56: Acquisitions exceeding expectations
56 Acquisitions exceeding expectations Ascentium(1) EnerBank(2) April 1, 2022 marked the second anniversary of Ascentium Capital’s ownership by Regions Bank and the integration has been successful to date Ascentium Capital origination growth in 2Q22 and 1H22 has exceeded expectations, up 30% and 21%
Slide 57: Appendix
> GENERATING Consistent Sustainable \ Long-term Performance APPENDIX AW REGIONS| 57
Slide 58: Selected items impact
58 Selected items impact Second quarter 2022 highlights (1) Non-GAAP, see appendix for reconciliation. (2) Based on income taxes at an approximate 25% incremental rate. (3) Items impacting results or trends during the period, but are not considered non-GAAP adjustments. These items generally include
Slide 59: Non-GAAP measures explanation
59 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 information to inves
Slide 60: Non-GAAP reconciliation: Adjusted net interest margin
60 Non-GAAP reconciliation Adjusted net interest margin Quarter-ended Year-ended 6/30/2022 3/31/2022 6/30/2021 12/31/2021 12/31/2020 Net interest margin (FTE) (GAAP) 3.06 % 2.85 % 2.81 % 2.85 % 3.21 % Impact of SBA PPP loans (0.01) % (0.02) % (0.05) % (0.05) % 0.01 % Impact of excess cash 0.39 % 0.6
Slide 61: Non-GAAP reconciliation: Non-interest expense
61 Non-GAAP reconciliation Non-interest expense Year Ended December 31 ($ amounts in millions) 2021 2020 2019 2018 2017 2016 Non-interest expense (GAAP) $ 3,747 $ 3,643 $ 3,489 $ 3,570 $ 3,491 $ 3,483 Adjustments: Contribution to Regions Financial Corporation foundation (3) (10) — (60) (40) — Profes
Slide 62: Non-GAAP reconciliation: Pre-tax pre-provision income
62 Non-GAAP reconciliation Pre-tax pre-provision income (PPI) NM - Not Meaningful Quarter Ended ($ amounts in millions) 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021 3/31/2021 12/31/2020 9/30/2020 6/30/2020 Net income available to common shareholders (GAAP) $ 558 $ 524 $ 414 $ 624 $ 748 $ 614 $
Slide 63: Non-GAAP reconciliation: NII, non-interest income/expense, efficiency ratio
63 Non-GAAP reconciliation NII, non-interest income/expense, and efficiency ratio NM - Not Meaningful Quarter Ended ($ amounts in millions) 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021 2Q22 vs. 1Q22 2Q22 vs. 2Q21 Non-interest expense (GAAP) A $ 948 $ 933 $ 983 $ 938 $ 898 $ 15 1.6 % $ 50 5.6 %
Slide 64: Non-GAAP reconciliation: Return on average tangible common equity
64 Non-GAAP reconciliation Return on average tangible common shareholders' equity Quarter Ended Year Ended ($ amounts in millions) 6/30/2022 3/31/2022 2021 2020 2019 2018 2017 2016 2015 RETURN ON AVERAGE TANGIBLE COMMON SHAREHOLDERS' EQUITY Net income available to common shareholders A $ 558 $ 524 $
Slide 65: Non-GAAP reconciliation: Non-interest income
65 Non-GAAP reconciliation Non-interest income Year Ended ($ amounts in millions) 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Non-interest income (GAAP) $ 2,524 $ 2,393 $ 2,116 $ 2,019 $ 1,962 $ 2,011 $ 1,937 $ 1,785 $ 2,096 $ 2,201 $ 2,226 Security (gains) losses, net (3) (4) 28 (1) (19)
Slide 66: Forward-Looking Statements
66 Forward-Looking Statements This presentation may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results or
Slide 67: • Our ability to comply with stress testing and capital planning requirements (as part
67 • Our ability to comply with stress testing and capital planning requirements (as part of the CCAR process or otherwise) may continue to require a significant investment of our managerial resources due to the importance of such tests and requirements. • Our ability to comply with applicable capit
Slide 68: • Market replacement of LIBOR and the related effect on our LIBOR-based financial products
68 • Market replacement of LIBOR and the related effect on our LIBOR-based financial products and contracts, including, but not limited to, derivative products, debt obligations, deposits, investments, and loans. • Possible downgrades in our credit ratings or outlook could, among other negative impa
Slide 69: GENERATING
> GENERATING Consistent Sustainable Krizneterm Performance A REGIONS Mx REGIONS| 69
Regions Financial — Investor Presentation (August 2022) on 6ix