Regions Financial Corporation · NYSE:RF
Regions Financial — Investor Presentation (September 2022)
69 slides from Regions Financial's investor presentation, September 2022
Slide 1: Investor Information
Exhibit 99.1 Investor Information August - September 2022
Slide 2: Table of contents
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 Transitio
Slide 3: Our banking franchise
Our banking franchise Ranked 18th in the U.S. in total deposits(1) Line of business coverage Ascentium EnerBank First Sterling Business Capital Capital Markets Commercial Banking Corporate Banking Equipment Finance Government/Institutional Institutional Services Birmingham, Alabama Private Wealth Re
Slide 4: Profile evolution
Profile evolution Proactive Interest Rate Improved Credit Risk Profile Continuous Improvement Hedging • Hedge program introduced Customer Organization Investor CRE CCAR Loan Loss in 2017/2018 to protect NIM Journeys Simplification ($ in billions) Rate against falling interest rates Revenue Efficienc
Slide 5: Top market share plays a valuable role in the competitive landscape
Top market share plays a valuable role in the competitive landscape • Ranked 18th in the U.S. in total Markets with top 5 market share(1) 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 6: Strong in-market migration has converted legacy core markets into growth markets
Strong in-market migration has converted legacy core markets into growth markets Market '22-'27 Population Top Faster Growing MSAs Deposits Rank(1) Growth(1) 18 of top 25 U.S. markets with Birmingham, Alabama $14.9 2 net migration inflows are within Nashville, Tennessee $10.8 3 Regions' footprint(2)
Slide 7: Regions receives top honors
Regions receives top honors Regions Bank earned Regions Bank Ranked the Great Place to Highest in Customer Regions Bank named a Regions Bank Eight Years Strong: Work-Certified™ Satisfaction in J.D. Regions Bank named a Best Place to Work for Awarded Silver Regions Bank Again Company Military Named G
Slide 8: Second quarter 2022 overview
Second quarter 2022 overview $558M Net Income Available to Common Shareholders $0.59 Diluted Earnings Per Share • ROATCE(1) ratio improved 440 bps QoQ to 25.4%. $1.7B Total Revenue • 2Q adjusted pre-tax pre-provision income(1) of $794M represents highest level on record. $948M Non-Interest Expense •
Slide 9: Regions' consistent outperformance
Regions' consistent outperformance Regions' earnings, including credit costs, have been top quartile for 8 straight quarters Adjusted PPI(1) Less Net Charge-offs to RWA(2) 2.54 2.44 2.33 2.33 2.29 2.23 2.16 2.19 1.97 1.91 1.89 1.86 1.78 1.73 1.74 1.74 1.63 1.70 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q2
Slide 10: ROATCE: Top of peer group
ROATCE: Top of peer group ROATCE Performance Trend vs. Peers(1) 25.4% 21.4% 21.0% 18.3% 17.6% 16.5% 17.0% 14.9% 14.0% 14.7% 12.0% 12.0% 11.0% 9.2% 11.0% 9.7% 8.5% 9.0% 2015 2016 2017 2018 2019 2020 2021 1Q22 2Q22 RF Peer Median (1) Non-GAAP; see Appendix for reconciliation. Peers include CFG, CMA, F
Slide 11: Consistent NIM performance aided by peer-leading loan yield
Consistent NIM performance aided by peer-leading loan yield Net Interest Margin vs. Peers(1) Loan Yield vs. Peers(1) 3.48% 3.45% 3.43% 3.44% 4.79% 3.40% 3.34% 4.59% 3.38% 3.06% 4.70% 3.31% 3.21% 4.54% 4.15% 4.15% 2.85% 2.85% 4.11% 4.07% 2.89% 2.89% 2.72% 3.88% 2.60% 3.61% 3.64% 3.41% 2018 2019 2020
Slide 12: NII & margin performance
NII & margin performance NII and NIM(1) ($ in millions) $1,119 $1,026 $975 3.31% 3.43% 3.44% 3.06% 2.81% 2.85% 2Q21 1Q22 2Q22 NII NIM NIM excl. PPP/Cash (2) • In 2Q, deposit and cash balances remained elevated. • PPP and cash account for -38 bps NIM and $48M NII within the quarter (+20 bps / +$33M Q
Slide 13: NII & margin - core drivers
NII & margin - core drivers NII Attribution $1,108 Drivers of NII and NIM Positioned well for continued market rate increases • Avg. loans grew ~$3.0B in 2Q and balance sheet expansion • $1.2B securities purchases for hedging • Higher short-term rates now benefiting NII $1,015 ◦ Contractual loan and
Slide 14: Asset sensitive balance sheet
Asset sensitive balance sheet Well positioned for rising short-term and/or long-term interest rates Longer-Term Adjusted(1) NIM Expectations Short-term Rate Sensitivity Drivers Assuming rates stabilize at higher levels and deposit betas 25bps rate hike adds +$40-60M of NII over 12 months(2) follow h
Slide 15: Balance sheet profile
Balance sheet profile (as of June 30, 2022) Portfolio Compositions • Balance sheet position naturally benefits Assets(1) Loans(2)(3)(4) from higher interest rates (i.e. asset Other Fixed Hedges sensitive), supported by: 11% 22% ◦ large floating rate loan and cash mix Cash 11% $161B $93B ◦ large, sta
Slide 16: Balance sheet positioning advantage
Balance sheet positioning advantage Strong deposit franchise and cash position provide an opportunity for flexibility and outperformance in a monetary tightening environment Cash / Earning Assets Loan-to-Deposit Ratio 30% 87% 84% Peer Median:74% 80% 80% 77% 75% 74% 73% 72% 18% 71% 71% 68% 68% 20% 66
Slide 17: Future NII drivers
Future NII drivers NII is positioned to benefit from higher rates, as well as natural loan growth and strategic opportunities. Hedge proceeds and the capital generated has been invested into strategically important businesses, such as Ascentium and EnerBank. NII Drivers - Current Support Relative Im
Slide 18: Hedging strategy update
Hedging strategy update Net Receive Hedge Notional(1) Legacy Swap Notional (Quarterly Avg) (Annual Avg) 2022 Swap Additions 1 2Q22 2 3Q22 3 4Q22 4 1Q23 5 2Q23 6 3Q23 7 4Q23 1 2023 2 2024 3 2025 4 2026 5 2027 6 2028 Legacy Swap Notional $20.7B $17.0B $11.7B $9.4B $9.4B $9.4B $9.3B $9.3B $6.5B $1.4B $
Slide 19: Securities portfolio used to add downside rate protection
Securities portfolio used to add down- side rate protection • Portfolio constructed to protect against changes in market rates Securities portfolio composition(1) ◦ Duration of approximately 5 years provides Corporate Bonds Agency/UST offset to long-duration deposit book 4% 6% ◦ ~30% of the securiti
Slide 20: Non-interest income
Non-interest income (1) Non-Interest Income ($ in millions) Adj. Non-Interest Income ($ in millions) QoQ outlook • Announced NSF/OD policy changes are $619 $640 $640 $584 $600 $583 expected to result in FY22 service charges of ~$600M and FY23 service charges of ~$550M. • Expect capital markets to ge
Slide 21: Diversified non-interest income
Diversified non-interest income 2Q22 fee revenue by segment(1) Consumer ($ 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. Wealth Management • Wealt
Slide 22: Capital Markets
Capital Markets Growing products and services that our clients value Capital markets is an umbrella over capital raising, risk management, and advisory services. Capital Markets Product Solutions Our associates Capital Markets Annual Revenue (1)(2) delivered results ($ in millions) $331 $275 $202 Re
Slide 23: Treasury Management
Treasury Management Enabling our clients to optimize cash flow and manage risk with a comprehensive & competitive suite of Treasury Management solutions Steadily Growing our Treasury Management Business(1) Strategic Investments in Technology & Talent Excellence in Global Trade Finance • Delivering c
Slide 24: Deposit account policy changes
Deposit account policy changes Providing customers capabilities to be more financially sound Adjusted Non-Interest Income(1) Updated NSF/OD Policies ($ in millions) Regions is committed to making banking easier for our customers. $2,498 Details of Regions' Announcement(2): $2,109 1Q22-Eliminate over
Slide 25: Mortgage remains a key component of fee revenue
Mortgage remains a key component of fee revenue Market Prime Delivery Mortgage Investing Strength Portfolio Efficiency Servicing For Growth Purchase volume 755 Avg. FICO 23% lower Servicing expense Enhancing MLO expected to remain origination and lower than peer execution to drive stable in 2022 dri
Slide 26: Non-interest expense
Non-interest expense Non-Interest Expense Adj. Non-Interest Expense(1) QoQ highlights & outlook ($ in millions) ($ in millions) $948 $954 • Non-interest expense increased ~2% $933 $932 $898 $895 on both a reported and adjusted basis(1). 57.9% 57.9% 56.4% 56.9% ◦ Salaries and benefits increased 5% du
Slide 27: Business segments
Business segments 2Q22 Pre-tax pre- 2Q22 Average 2Q22 Average provision income(1) loans deposits 2% 6% 2% 7% 30% 35% $800M 51% $91B $140B 43% 63% 61% Consumer Corporate Wealth Management Other 27 (1) Pie %'s exclude the pre-tax pre-provision income from the Other Segment totaling $(6) million.
Slide 28: Investments in our businesses
Investments in our businesses We are investing in talent, technology, and strategic acquisitions; the investments we are making across all three of our businesses are paying off. CORPORATE CONSUMER WEALTH Increased number of Treasury 44 new revenue generating Management clients 14% Mobile users incr
Slide 29: Consumer Banking Group
Consumer Banking Group Driving growth and customer engagement through strategic investments Continuing to Deliver Strong Creating Efficiencies Through an Strategic Investments Across Results Optimized Branch Network The Business >500 branch consolidations; ~80 De Novos Premier Lender to Top-decile c
Slide 30: Corporate Banking Group
Corporate Banking Group Strong alignment across the businesses, risk partners, and product groups Strategic Investments Continue to Deliver Invested in Talent & Expanded Expertise Outstanding Performance Enablement Integrated Clearsight Advisors, Delivering Another Record Continue to attract top tal
Slide 31: Wealth Management Group
Wealth Management Group Focus on execution & investments to optimize the client and associate experience Customer Experience & Delivered Strong Strategic Technology Investments Communication Results(1) & Data Analytics Launch of hybrid robo-advice Maintained strong momentum in Strong NIR Growth NIR
Slide 32: Loan growth continues
Loan growth continues Loans and leases QoQ highlights & outlook (Average, $ in billions) 3% • Avg business loans increased 5% driven by broad- $90.8 based growth across all businesses and $84.6 $87.8 industries. Commitments increased $5.5B and 31.3 utilization increased to 44.4%. 28.5 31.2 ◦ PPP loa
Slide 33: 2Q22 Average loan composition
2Q22 Average loan composition Average consumer loans Average business loans ($ in billions) ($ in billions) $17.6 $5.2 $0.2 $31.3B $46.5 $59.4B $5.8 $1.1 $0.8 $1.7 $6.1 $5.7 Mortgage Home Equity Commercial and Industrial CRE Mortgage - OO Other Consumer Other Consumer - Exit Portfolios CRE Construct
Slide 34: Commercial & IRE loans
Commercial & IRE loans As of 6/30/22 Total Outstanding ($ in millions) Commitments Balances % Utilization Administrative, Support, Waste & Repair $2,524 $1,518 60% •The outstanding balance for Agriculture 575 335 58% Real Estate within the Educational Services 4,377 3,299 75% Commercial section refl
Slide 35: Deposit growth continues
Deposit growth continues Deposits by Segment QoQ highlights & outlook (Average, $ in billions) $138.7 $139.6 • Deposit balances acquired throughout the $131.1 2.7 2.4 0.4 10.0 pandemic remained mostly stable. 9.5 10.4 42.6 41.9 43.0 • Ending balances reflect the return of pre- pandemic seasonal patt
Slide 36: Deposit surge and beta
Deposit surge and beta Pandemic-Related Deposit Growth Adds to Low-Cost, Stable Funding Base(1) $150 $12 $137 $13 Business/ $15 Other $97 Deposits $100 Business/ Other Deposits Low-beta deposits have grown considerably and remain relatively stable. Other pandemic era increases (approx. 2/3) Retail $
Slide 37: State of the consumer
State of the consumer Regions' exposure to low-FICO borrowers remains negligible; customers with historically low deposit balances still have significant cushion Regions' consumer borrowers are in a strong position More broadly, Regions' lower-deposit-balance customers relative to pre-pandemic pre-p
Slide 38: Deposit advantage
Deposit advantage Business Deposit Mix(1) Funding Mix(1) - Current vs. Prior % of Total Deposits Balance in 2Q 2022 Average Rising Rate Cycle Accounts Less than $250k(2) ($ in billions) ($ in billions) $142 60% 3% 51% $105 30% 47% 44% 44% 44% Corporate 10% 39% 39% 38% 38% 37% $42 33% 27% 28% 27% Con
Slide 39: Capital and liquidity
Capital and liquidity Tier 1 capital ratio(1) Common equity Tier 1 ratio(1) 11.90% 10.36% 10.82% 9.39% 9.25% 10.61% 2Q21 1Q22 2Q22 2Q21 1Q22 2Q22 QoQ Highlights & Outlook • Stress Capital Buffer requirement for 4Q22 through 3Q23 will remain at 2.5%. Loan-to-deposit ratio(2) • Common Equity Tier 1 (C
Slide 40: Investing for growth while maintaining focus on capital optimization
Investing for growth while maintaining focus on capital optimization 2014 2015 2016 2018 Sold Regions Insurance Acquisition of Acquisition of Group; redeployed capital Fannie Mae HUD (MAP) generated to shareholders DUS License License Entered into MSR flow-deal arrangement Third-party originated aut
Slide 41: Empowered by innovation & data
Empowered by innovation & data Expanding Influence of Data & Personalization Platform Modernization ® Efforts Regions 2.0 Next Generation of Customer Experience Omnichannel view of customers for a and Core Banking Platforms “You Know Me & Value Me” experience New Fulfillment & Servicing Platforms Re
Slide 42: Differentiating through customer experience
Differentiating through customer experience Digital Acceleration Innovating Operations Expanded Regions Secure Messaging Increased usage by 138% June 2022 MTD Adoption versus June 2021 8% increase in Mobile users in Q2 2022 compared to Q2 2021 Automated Non-Agent Interactions 86% average interaction
Slide 43: Continue to invest for the future
Continue to invest for the future System Maintenance New Technology Cybersecurity / Risk Management • 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 custome
Slide 44: Growth in digital
Growth in digital Digital Usage Sales and Transactions Zelle Transactions (Millions) (1) Active Users (Millions) Digital Sales (Accounts in Thousands) +16% +21% +16% +129% 2.99 3.1 3.3 2.4 87.2 2.8 2.2 82.2 70.7 13.3 2.28 2.0 16.8 9.7 61.0 73.9 65.4 1.31 2Q20 2Q21 2Q22 2Q20 2Q21 2Q22 2Q20 2Q21 2Q22
Slide 45: Continuous improvement framework
Continuous improvement framework Simplify & Grow established a culture of Continuous Improvement. Now that Continuous Improvement is embedded in our DNA, initiatives are no longer centrally tracked, and groups manage the development and execution of their programs with regular updates to the Steerin
Slide 46: Asset quality improvement continues
Asset quality improvement continues Net charge-offs and ratio ACL to loans ratio ($ in millions) ($ in millions) $47 $46 2.00% 23 13 $38 8 1.67% 0.23% 0.21% 1.71% 1.62% 0.17% (1) 24 33 30 Day 1 2Q21 1Q22 2Q22 2Q21 1Q22 2Q22 ACL/Loans Consumer net Business services Net charge-offs • 2Q annualized NCO
Slide 47: Allowance for credit losses waterfall
Allowance for credit losses waterfall ($ in millions) QoQ highlights • 2Q allowance increased $21M compared to prior quarter, resulting in a $60M provision expense. $1,492 $71 $1,514 $26 • Key drivers of the increase in ACL: $(38) $(28) ◦ Significant growth in $(9) commitments in both core Business
Slide 48: Base R&S economic outlook
Base R&S economic outlook (as of June 2022) 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 %
Slide 49: Allowance allocation
Allowance allocation 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 % $4
Slide 50: Well positioned for next downturn
Well positioned for next downturn Highly Diversified Business Portfolio(1) Commercial Portfolio Migrates to Lower Risk Distribution All Other (2) Commercial 45% 46% 47% 7.2% 17.4% Technology Services 37% 7.4% 32% 26% Business Services 17% 15% 7.8% 12% 12% $61.6B Investor Real Estate 7% 4% Manufactur
Slide 51: Consumer lending portfolio statistics
Consumer lending portfolio statistics Consumer Credit Card Residential Mortgage Consumer FICO Scores(1) • Avg. origination FICO 750 • Avg. origination FICO 760 4% 3% • Avg. new line $6,243 • Current LTV 52% 2% • 2Q22 Yield 12.38% • 98% owner occupied • 2Q22 QTD NCO 2.70% 64% Other Consumer 81% 76% U
Slide 52: 2022 expectations
2022 expectations Expectations for 3Q22 & Beyond FY 2022 Category • 3Q NII expected to grow 8-10%(3); 2022 NII growth Expectations expected to be +16-18%(3), excl. PPP +19-21%(3); Total Adjusted Revenue expect 4Q22 NII to be ~23-25% higher than up 7.5-8.5% 1Q22(3). (from adjusted 2021 of $6,412)(1)(
Slide 53: Environmental, Social & Governance
Environmental, Social & Governance ESG Governance Suite of ESG Disclosures BOARD OF DIRECTORS ESG-related elements of the Strategic Plan, annual budget, and capital planning process ■ Annual Review & ESG Report ■ TCFD Report O Board-Level Committees ■ SASB Index V ■ GRI Index ESG strategies, initiat
Slide 54: Environmental, Social & Governance
Environmental, Social & Governance Highlights Pursuing environmental Fostering diversity, equity, Promoting financial inclusivity sustainability and inclusion ▪ Surpassed 2023 target to reduce energy ▪ Introduced Regions Now CheckingSM to ▪ Nurtured inclusive corporate culture ® usage by 30%(1) suit
Slide 55: LIBOR Transition
LIBOR Transition Readiness & the Path Forward Highlights Moving to Next Phase of Transition As of January 1, 2022 Regions is no longer originating LIBOR loans. Regions has taken steps Dec 31, 2021 both systematically and through training to ensure that no new LIBOR loans are added to the Last Day Re
Slide 56: Acquisitions exceeding expectations
Acquisitions exceeding expectations Ascentium(1) EnerBank(2) April 1, 2022 marked the second anniversary of Ascentium Successful integration of EnerBank has led to a Capital’s ownership by Regions Bank and the integration continued focus on growth and synergy opportunities has been successful to dat
Slide 57: Appendix
> GENERATING Consistent Sustainable Kone term Performance APPENDIX A REGIONS] 57
Slide 58: Second quarter 2022 highlights
Second quarter 2022 highlights Summary of second quarter results Selected items impact QoQ YoY ($ amounts in millions, except per share data) 2Q22 Change Change (amounts in millions, except per share data) 2Q22 Net interest income $ 1,108 9.2% 15.1% Pre-tax adjusted items(1): Provision for (benefit
Slide 59: 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 60: Non-GAAP reconciliation
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 % 0.60 % 0.5
Slide 61: Non-GAAP reconciliation
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) — Professio
Slide 62: Non-GAAP reconciliation
Non-GAAP reconciliation Pre-tax pre-provision income (PPI) 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 $ 588 $ 501 $ (237) Pref
Slide 63: Non-GAAP reconciliation
Non-GAAP reconciliation NII, non-interest income/expense, and efficiency ratio 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 % Adjustments: Contribut
Slide 64: Non-GAAP reconciliation
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 $ 2,
Slide 65: Non-GAAP reconciliation
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) (6
Slide 66: 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. Forward-looking statements are not based on historical information, but rather are related to future operations, strategi
Slide 67: 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 68: Forward-looking statements (continued)
Forward-looking statements (continued) • 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 outl
Slide 69: Generating Consistent Sustainable Long-term Performance
> GENERATING Consistent Sustainable \ Long-term Performance A REGIONS Max REGIONS| 69
Regions Financial — Investor Presentation (September 2022) on 6ix