Regions Financial Corporation · NYSE:RF
Regions Financial — Shareholder Meeting (April 2008)
21 slides from Regions Financial's shareholder meeting presentation, Apr 17, 2008
Slide 1: Annual Shareholder Meeting
Annual Shareholder Meeting Please turn off cell phones and other electronic devices. Exhibit 99.1 April 17, 2008
Slide 2: Company Profile; Merger Integration; Industry Challenges; Planning for the Future
› Company Profile › 2007 Merger Integration and Financial Performance › Facing Industry Challenges from a Position of Strength › Planning for the Future
Slide 3: Franchise Footprint
Franchise Footprint Source: SNL DataSource and Regions as of June 30, 2007. State Dep. ($B) Mkt. Share Rank AL $18.2 25% #1 FL 17.7 #4 TN 16.7 #2 LA 7.6 #3 MS 6.2 #1 GA 5.5 #6 AR 4.3 #2 TX 3.0 #18 IL 2.4 #24 MO 2.3 #8 IN 2.0 #9 Other 2.4 — —
Slide 4: Regions compares favorably in terms of local market share relative to other top 10 banking franchises
Regions compares favorably in terms of local market share relative to other top 10 banking franchises 18.5 Regions Deposit weighted by county. Excludes deposits from branches with > $10bn of deposits. Based on June 30, 2007 data. 16.6% Median 7.9 Citigroup 13.2 National City 14.3 SunTrust 16.0 JP Mo
Slide 5: Morgan Keegan – Among the Largest Regional Full-Service Brokerage and Investment Banking Firms
Morgan Keegan – Among the Largest Regional Full-Service Brokerage and Investment Banking Firms Revenue ($M) Pre-Tax Income ($M) Financial Performance 416 Office Locations Revenue Composition (2007) Profile › Founded in 1969 › Acquired by Regions in 2001 › 1,282 financial advisors › 416 offices in 19
Slide 6: 2007 Merger Integration and Financial Performance
2007 Merger Integration and Financial Performance › Company Profile › › Facing Industry Challenges from a Position of Strength › Planning for the Future
Slide 7: Merger Integration Complete
Merger Integration Complete Combined Product Set and Incentives Complete Sale of Divested Branches 1Q07 2Q07 3Q07 4Q07 Brokerage Conversion Mortgage Origination and Servicing Conversion Trust Conversion Event Two Branch Conversion and Consolidations Event Three Branch Conversion and Consolidations E
Slide 8: Exceeding Original Cost Saves
$0 $200 $400 $600 $800 Original Target Run-rate Achieved at 1Q08 New Target $400 Exceeding Original Cost Saves $ in millions $700+ 2008 2008 2007 1Q08 $510 Run-rate
Slide 9: Financial Summary
Financial Summary Financial Performance 0.90 % 1.45 % 0.29 % 59.04 % 3.79 % 2007 $ 0.55 EPS – diluted 0.53 % Net Charge-Off Ratio Asset Quality 1.25 % Nonperforming Assets as a % of Loans Capital Tangible Equity to Tangible Assets 1.49 % Allowance for Credit Losses as a % of Loans 20.33 % Return on
Slide 10: Facing Industry Challenges from a Position of Strength
› Facing Industry Challenges from a Position of Strength › Company Profile › 2007 Merger Integration and Financial Performance › Planning for the Future
Slide 11: Housing Market
Source: US Census Bureau Reports Housing Market J07 F07 M07 A07 M07 J07 J07 A07 S07 O07 N07 D07 J08 F08 $200,000 $210,000 $220,000 $230,000 $240,000 $250,000 $260,000 $270,000 New Home Sales Median New Home Price
Slide 12: Industry Challenges
SUBPRIME SIVs / CDOs NON-TRADITIONAL MORTGAGES Industry Challenges X X X Regions has $100 million (0.1%) of subprime loans Regions has no option ARMs, negative amortization, or loans with teaser rates Regions has no SIV exposure or CDOs on the balance sheet
Slide 13: Historically Low Credit Costs
Historically Low Credit Costs NOTE: Peers include C, BAC, JPM, WB, WFC, USB, BK, STI, COF, NCC, STT, PNC, BBT, FITB, KEY, NTRS, MTB, CMA, and MI. SNL Database 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 1Q08 Regions Peer Average
Slide 14: Excellent Loss Experience versus Peers
Excellent Loss Experience versus Peers NOTE: Industry peers include FITB, KEY, NCC, STI, USB, WFC, WM Net Charge-offs 2Q07 3Q07 4Q07 1Q08 Home Equity Regions 0.24% 0.31% 0.31% 0.57% Industry Peers 0.46% 0.64% 1.02% Residential First Mortgage Regions 0.12% 0.13% 0.18% 0.23% Industry Peers 0.22% 0.30%
Slide 15: Strong Capital Position
6.5% 6.3% 6.1% 5.9% 5.7% 5.5% 5.3% 5.2% 5.0% 4.3% 4.1% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% Strong Capital Position 2007 Tangible Equity / Tangible Assets Source: SNL DataSource, Tangible Equity/Tangible Assets as of December 31, 2007. 5.5% Median
Slide 16: 37 Consecutive Years of Cash Dividends
$0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 Dividends NOTE: All per share amounts have been restated to reflect stock splits, stock dividends and the Union Planters merger 37 Consecutive Years of Cash Dividends
Slide 17: Planning for the Future
› Planning for the Future › Company Profile › 2007 Merger Integration and Financial Performance › Facing Industry Challenges from a Position of Strength
Slide 18: Fast Growing Footprint
10.5% 10.0% 8.1% 8.0% 7.9% 7.0% 6.9% 5.9% 5.7% 4.5% 4.2% 3.7% 3.4% 3.4% 3.3% 2.8% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% National Average 6.3% Fast Growing Footprint Projected Population Growth (2007-2012) of Market Footprint (1) Source: SNL Financial. Data as of June 2007. Pro forma for completed/pen
Slide 19: Our Brand Promise to Customers
Our Brand Promise to Customers “You can expect more from Regions. Yes, we are in the business of banking. But we are also in the business of life. And while our financial solutions will help you get more from your money, it is our mission to help you get more out of life.”
Slide 20: Regions and Social Responsibility
Regions and Social Responsibility Improving lives in the communities we serve: › Corporate Giving Program › Matching Gifts Program › Associate Volunteer Program
Slide 21: Regions
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