Regions Financial Corporation · NYSE:RF
Regions Financial — Shareholder Meeting (April 2009)
17 slides from Regions Financial's shareholder meeting presentation, Apr 16, 2009
Slide 1: Annual Stockholders Meeting
Annual Stockholders Meeting Please turn off cell phones and other electronic devices. Exhibit 99.1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS The information contained in this presentation may include forward-looking statements which reflect Regions' current views with respect to future events and financial performance. The Private Securities Litigation Reform Act of 1995 ("the Act") provides a safe harbor for f
Slide 3: Company Profile
Company Profile Industry Overview Strength and Stability Business Performance Fact vs. Fiction
Slide 4: Strong Southeastern Franchise
Source: Based on June 30, 2008 FDIC Data obtained from SNL State Dep. ($B) Mkt. Share Rank AL $17.2 23% #1 TN 16.3 #1 FL 14.3 #4 MS 9.7 #1 LA 7.2 #3 GA 6.1 #6 AR 4.2 #2 TX 3.0 #17 IL 2.4 #24 MO 2.2 #9 IN 2.1 #9 Other 2.5 — — Regions Morgan Keegan Insurance Strong Southeastern Franchise
Slide 5: Morgan Keegan Revenue
Revenue ($ in millions) $624 $634 $694 $727 $810 $1,029 $1,300 $1,300 2001 2002 2003 2004 2005 2006 2007 2008 Profile Over 1,100 financial advisors operating from over 330 offices More than $63 billion in customer assets under management Over $62 billion in trust assets under management Expanded inv
Slide 6: Real estate decline turns into a systemic financial crisis
Source: US Census Bureau Reports Real estate decline turns into a systemic financial crisis 1000 $200,000 $210,000 $220,000 $230,000 $240,000 $250,000 $260,000 $270,000 New Home Sales Median New Home Price Sub-Prime Crisis Bear Stearns Collapse Bank Failures Begin
Slide 7: Banking landscape permanently changed
Banking landscape permanently changed Failed Firms “Assisted Deals” New Bank Holding Companies • Placed into conservatorship • Certain assets and liabilities acquired by JP Morgan • “Assisted” Deal with Citi superseded by Wells Fargo acquisition • PNC acquires • Merges with Bank of America • First b
Slide 8: Dividend Actions
Dividend Actions – Industry-wide and beyond 16 of top 20 banks have cut their dividend in the last 12 months Regions PNC SunTrust State Street US BanCorp Marshall & Ilsley JPMorgan Chase Fifth Third Wells Fargo Capital One Bank of America Huntington Citigroup KeyCorp Zions Comerica Non-bank Companie
Slide 9: Dividend Reduction Preserves Capital
Strengthens capital and protects long-term value of our Company Preserves approximately $780 million per year in capital Dividend Reduction Preserves Capital
Slide 10: We have taken Substantial Steps to Reduce Credit Risk
We have taken Substantial Steps to Reduce Credit Risk Sold Equifirst (subprime originations) in 1Q07 Ensured loan portfolio remains free of Structured Investment Vehicles, non-traditional mortgages and Collateral Debt Obligations Reduced Commercial Real Estate exposure Sold or moved to held for sale
Slide 11: Home Prices Fall in Florida; Remainder of Region's Footprint Steady
Home Prices Fall in Florida; Remainder of Region’s Footprint Steady Source: OFHEO Index Period FL Avg. Footprint Avg. Excluding FL
Slide 12: Maintaining focus through the cycle
Maintaining focus through the cycle Nature of problem credits has not changed – continued focus on identification and resolution Homebuilder, Condominiums and Home Equity Other construction lending is performing satisfactorily Conservative, consistent loss reserve process Thorough valuation review p
Slide 13: Troubled Asset Relief Program (TARP)
Troubled Asset Relief Program (TARP) Participation strongly encouraged by U.S. Treasury “Well Capitalized” before government investment High-cost capital Repayment as soon as possible
Slide 14: Positive business results in key areas
Positive business results in key areas Significant customer deposit growth - momentum extending into 2009 Record new account openings driven by LifeGreen® accounts Record mortgage application volume High customer retention Service quality
Slide 15: Focusing on the facts will help rebuild consumer confidence
Focusing on the facts will help rebuild consumer confidence All banks are not the same TARP is not a bailout Banks are lending Banks are helping struggling home owners
Slide 16: Focused on what we can control in our business
Focused on what we can control in our business Operate with a Clear Purpose Continue Being a Safe Harbor for Customer Deposits Focus on the Fundamentals of our Business Do What is Right for Customers and Communities
Slide 17: Regions
WN REGIONS