Regions Financial Corporation · NYSE:RF

Regions Financial — Investor Presentation (March 2021)

71 slides from Regions Financial's investor presentation, March 2021

  1. Slide 1: Investor Information

    Exhibit 99.1 Investor Information February - March 2021

  2. Slide 2: Table of contents

    Table of contents Topic Page # Profile and Strategy 3-7 Income Statement 8-19 Business Segment Highlights 20-23 Balance Sheet 24-27 Capital, Debt & Liquidity 28-33 Technology & Continuous Improvement 34-40 Credit 41-53 Near-Term Expectations 54 Environmental, Social & Corporate Governance 55-56 Appe

  3. 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

  4. Slide 4: 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

  5. Slide 5: Presence in strong growth markets

    Presence in strong growth markets COVID-19 Impact on USA Moving Study(1) notes 60% of top(3) MSAs are projected to grow faster than more people moved to the South and to metro areas with populations < 1 million during 2020 the U.S. national average Population growth vs. peers(2) (2021-2026) Top Fast

  6. Slide 6: Our footprint has significant economic advantages

    Our footprint has significant economic advantages Jobs Population Footprint Retirees 56% 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

  7. Slide 7: Regions receives top honors

    Regions receives top honors Regions Bank Awarded Six Years Strong: Regions Regions Bank Named Top Bronze Military Friendly Winner of 13 Regional Bank in J.D. Award and named Best Bank Again Named Gallup Greenwich Excellence Power 2020 U.S. Online Places to work for LGBTQ Exceptional Workplace Award

  8. Slide 8: 2020 overview

    2020 overview 4Q20 FY 2020 $588M $991M Net Income Available to Common Shareholders Diluted Earnings Per $0.61 $1.03 Share Adjusted Total $1,655M $6,206M Revenue(1) Generated highest Adjusted Non- $930M $3,541M Interest Expense(1) adjusted pre-tax pre-provision income(1) in over a decade providing op

  9. Slide 9: Net interest income and net interest margin - liquidity impacts

    Net interest income and net interest margin - liquidity impacts NII(1) and NIM ($ in millions) $1,000 $1,017 $931 3.39% 3.41% 3.40% 3.13% 3.13% 4Q19 3Q20 4Q20 NII(1) NIM NIM excl. PPP/Cash • In 4Q, deposit and cash balances remained elevated given stimulus / liquidity in the system • PPP loans accou

  10. Slide 10: 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 • Rate environment impacts offset through active 3.41% 3.40% balance sheet management; trend likely to continue in near-term ◦ Higher avg. hedging notional; total benefit Largely able to of

  11. Slide 11: Balance sheet profile

    Balance sheet profile (as of December 31, 2020) Portfolio compositions • Naturally asset sensitive balance sheet, supported by a Assets(1) Liabilities Borrowings large, stable deposit base and low reliance on wholesale 3% Other borrowings Other 2% 23% $147B Loans $129B • NII sensitivity to short-ter

  12. Slide 12: Focused on earnings stability through the cycle

    Focused on earnings stability through the cycle NIM Performance 3.52% vs Peers Normalized(3) NII change: 4Q20 vs 2Q19(4) 3.49% 3.45% 3.5 3.37% 3.39% 3.38% 3.40% 3.32% 0% 3.39% 3.19% 3.35% 3.36% 3.13% 3.27% 3.26% 3.22% 3 -25% 2.75% 2.90% RF RF Normalized (2) Peer Median (1) Peer 3 Peer 4 Peer 10 Peer

  13. Slide 13: Hedging strategy protection

    Hedging strategy protection Cash-flow Hedge Contribution to NII - 3Q20(1) Cash-flow Hedge Program Details 12/31/20(1) Fixed Rate/ Inclusive of 9.9% 9.6% 9.5% Cash-Flow Hedge Notional Strike(3) deferred G/L(4) 8.7% Program Swaps $11.0B 2.15% 2.18% WAL remaining 6.9% on CF Hedges(2) Program Floors $5.

  14. Slide 14: 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% full-year 2021 estimate: 80% 70% • ~$11B fixed-rate loan production (exc

  15. Slide 15: Non-interest income

    Non-interest income Change vs QoQ highlights & outlook ($ in millions) 4Q20 3Q20 4Q19 • Expect 2021 service charges to grow but remain 10%-15% below 2019 levels due to Service charges on deposit accounts $160 5.3% (14.4)% continued elevated deposits and ongoing enhancements to overdraft practices an

  16. Slide 16: Diversified non-interest income

    Diversified non-interest income 4Q20 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 • Wealth

  17. Slide 17: 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 752 Avg. FICO 65% lower Servicing expense in Investments in expected to exceed origination and line with peer people, pro

  18. Slide 18: Non-interest expense

    Non-interest expense Adjusted non-interest expense(1) QoQ highlights & outlook ($ in millions) $869 $889 $930 • Adjusted expenses(1) increased 5% QoQ driven primarily by higher incentive 58.1% compensation from record capital markets 55.3% 55.8% activities • Base salaries were lower QoQ as the compa

  19. Slide 19: Strong PPI profile

    Strong PPI(1) profile Adjusted PPI(1) to RWA(2) 2.69% 2.63% 2.36% 2.23% 2.21% 2.14% 2.13% 2.12% 2.11% 2.11% 2.00% 1.99% 1.95% 1.56% RF Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Peer 13 • Regions' 4Q adjusted pre-tax pre-provision income (PPI)(1) was the h

  20. Slide 20: Business segments

    Business segments 4Q20 Pre-tax pre- 4Q20 Average 4Q20 Average provision income(1) loans deposits 4% 2% 8% 34% 35% $699M 47% $87B $120B 49% 63% 58% Consumer Corporate Wealth Management (1) Pie %'s exclude the pre-tax pre-provision income (loss) from the Other Segment totaling $(199) million. 20

  21. Slide 21: Consumer Banking Group - Prudent cost management fueling growth

    Consumer Banking Group - Prudent cost management fueling growth and industry leading efficiency Creating Efficiencies… ...To Re-Invest In the Business… Branch Count (1) Branch FTE 20% Omnichannel Experience 26 % ROSIE: Regions Optimal Solutions Intelligence 2014 2020 2014 2020 Engine • Migration to

  22. Slide 22: Corporate Banking Group

    Corporate Banking Group 2020: A year to align, transform, and execute to deliver long-term shared value Our investments Our model Our associates generated return proved resilient delivered results • 13 Greenwich Excellence Record Financial Awards Acquired and integrated Performance1 • Standout Comme

  23. Slide 23: Wealth Management

    Wealth Management Focus on execution while capitalizing on our investments in industry-leading technology to optimize the client and associate experience. Customer Experience • Maintained strong momentum in growth markets and protected business through and Communication continued engagement and comm

  24. Slide 24: Average loans

    Average loans Adjusted average loans and leases(1) QoQ highlights & outlook ($ in billions) • Average loans decreased 3%; adjusted average loans(1) decreased 2% $82.0 $80.1 $78.6 • Commercial line utilization levels reached historical low, ending quarter just under 40% 27.3 27.4 26.6 • Despite impro

  25. Slide 25: 4Q20 average loan composition

    4Q20 average loan composition Average consumer loans Average business loans ($ in billions) ($ in billions) $16.4 $5.4 $0.3 $29.6B $43.9 $57.0B $5.5 $1.1 $1.0 $1.2 $1.9 $2.5 $7.4 Mortgage Indirect-Vehicles Commercial and Industrial CRE Mortgage - OO Indirect-Other Home Equity CRE Construction - OO I

  26. Slide 26: Commercial & IRE loans

    Commercial & IRE loans As of 12/31/20 Total Outstanding ($ in millions) Commitments Balances % Utilization Administrative, Support, Waste & Repair $2,622 $1,605 61% •The outstanding balance for Agriculture 756 424 56% Real Estate within the Educational Services 3,907 3,055 78% Commercial section ref

  27. Slide 27: Average deposits

    Average deposits Average deposits by segment QoQ highlights & outlook ($ in billions) $119.8 • Average and ending deposits increased $116.7 0.4 0.4 8.9 3% 8.7 • Full-year average deposits 17% higher $94.5 0.6 40.6 than 2019 7.9 38.8 ◦ Growth predominately in non- 26.6 interest bearing core operating

  28. Slide 28: Capital and liquidity

    Capital and liquidity Tier 1 capital ratio(1) QoQ highlights & outlook • During 4Q declared $148M in common dividends 11.4% • Federal Reserve released results of its updated Supervisory Stress 10.9% 10.8% Test and indicated Regions met or exceeded all minimum capital levels under the provided scenar

  29. Slide 29: CET1 Waterfall

    CET1 Waterfall 0.64% 0.01% 0.01% 9.84% (0.14)% 9.32% Pre-tax pre- Provision Common 3Q20 CET1% provision Tax & Other 4Q20 CET1%(3) benefit(2) Dividend income(1) 29 (1) Non-GAAP; see appendix for reconciliation. (2) Provision benefit includes the impact of CECL deferral. (3) Current quarter ratios are

  30. Slide 30: Significant protection

    Significant protection 3Q20 CET1 + Additional Loss Absorbency(1)(2) % of RWA 14.68% 14.12% 13.85% 1.03% 13.55% 13.20% 2.03% 12.66% 12.57% 12.46% 1.94% 1.87% 0.88% 12.11% 12.01% 12.01% 12.01% 1.99% 0.65% 0.61% 11.84% 0.65% 0.42% 0.32% 11.29% 0.48% 0.57% 11.08% 1.95% 2.02% 1.53% 1.56% 0.89% 0.41% 2.14

  31. Slide 31: Optimizing capital while continuing to invest

    Optimizing capital while continuing to invest Capital Optimization Investments Corporate/Commercial Indirect Talent and Technology • Stood up loan sales and • ~$6.4B of strategic runoff in process • Expansion in priority growth markets trading desk; supports active • Third-party originated auto • Co

  32. Slide 32: 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 $900 Subordinated Debt Baa2 BBB BBB $800 150 $614 500 Regions Bank 254 1,000 750 Senior Unsecur

  33. Slide 33: 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 Significant customer deposit growth, coupled with company to strong liquidity levels that ensure continued ample li

  34. Slide 34: Empowered by innovation & data

    Empowered by innovation & data Expanding Influence of Data & Personalization Platform Modernization ® Efforts Deposit & Lending Modernization Modernization of the Bank's Core Systems Omnichannel view of customers for a to enable product and service innovation “You Know Me & Value Me” experience New

  35. Slide 35: Differentiating through customer experience

    Differentiating through customer experience Digital Acceleration Innovating Operations Regions Secure Messaging Mobile App Redesign 82% Customer Satisfaction Rating 4.8 iOS App Rating New Mobile features include TermIT, Recurring Transfers, Digital External Transfers Automated Interactions 86% avera

  36. Slide 36: Digital advantage from past technology investments

    Digital advantage from past technology investments Pandemic Resiliency & Adaptive Response Adapting to Meet Changing PPP & Stimulus Payments Customer Needs Processed more than $4 Billion loan Branch by appointment applications, over a decade’s worth of SBA applications, in 14 days Shifted to drive-t

  37. Slide 37: Continue to invest for the future

    Continue to invest for the future 10% $625MM System Maintenance in technology New Technology 42% spending 48% Cybersecurity / Risk Management • ~10-11% of revenue is reserved for Technology Spend. • Technology Spend is expected to stay flat and produce innovation through New Technology Investments.

  38. Slide 38: Growth in Digital

    Growth in Digital Active Digital Banking Users Active Mobile Banking Users Digital Banking Log-Ins (Millions) (Millions) (Millions) 22% YoY 7% YoY 9% YoY 301 286 2.04 246 2.7 2.8 2.9 2.01 143 143 127 1.88 158 143 119 4Q19 3Q20 4Q20 4Q19 3Q20 4Q20 4Q19 3Q20 4Q20 Mobile Banking Log-Ins Online Banking

  39. Slide 39: 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 Revenue 11 19 30 Organizational efficiency, All Others 22 12 34

  40. Slide 40: 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 shrank by 59 in 2020, driven b

  41. Slide 41: Asset quality

    Asset quality Net charge-offs and ratio ACL to loans coverage ratio ($ in millions) 2.90% 2.81% $113 $96 $94 2.74% 75 2.69% 31 0.50% 53 0.46% 1.71% 0.43% 65 1.71% 38 41 Day 1(2) 3Q20 4Q20 4Q19 3Q20 4Q20 (1) Consumer net Business services Net charge-offs ACL/Loans (incl. PPP) ACL/Loans (excl. PPP) ch

  42. Slide 42: Allowance for credit losses waterfall

    Allowance for credit losses waterfall ($ in millions) QoQ highlights $2,425 • 4Q ending allowance was down ~$132M due to stabilization in economic outlook and improved credit performance, $99 $2,293 charge-offs previously provided for, and $(94) the impact of active portfolio management strategies $

  43. Slide 43: Base R&S economic outlook

    Base R&S economic outlook (as of December 11, 2020) Pre-R&S period 4Q2020 1Q2021 2Q2021 3Q2021 4Q2021 1Q2022 2Q2022 3Q2022 4Q2022 Real GDP, annualized % change 3.4 % 0.5 % 1.6 % 5.0 % 5.3 % 3.9 % 2.9 % 2.4 % 2.4 % Unemployment rate 6.8 % 6.6 % 6.4 % 6.1 % 5.8 % 5.4 % 5.2 % 5.0 % 4.9 % HPI, year-over

  44. Slide 44: Allowance Allocation

    Allowance Allocation As of 12/31/20 As of 9/30/20 (in millions) Loan Balance ACL ACL/Loans Loan Balance ACL ACL/Loans C&I $42,870 $1,027 2.40 % $45,199 $1,119 2.48 % CRE-OO mortgage 5,405 242 4.47 % 5,451 247 4.53 % CRE-OO construction 300 24 7.98 % 305 22 7.16 % Total commercial $48,575 $1,293 2.66

  45. Slide 45: COVID-19 high-risk industry sectors

    Bottom up review informs and narrows COVID-19 high-risk industry sectors (as of December 31, 2020) % of Utilization C&I Portfolio BAL$(1) BAL$ Rate(2) % Criticized Energy – Oil & Gas Extraction, Oilfield Services, Coal $1.13b 1.3% 53% 39% Healthcare – Offices of Physicians and Other Health Practitio

  46. Slide 46: 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 to COVID impact • Specifically identified at-risk assets not falling into currently flagged $0.89 $0.19 sectors were incl

  47. Slide 47: Energy lending

    Energy lending As of 12/31/20 Total Outstanding ($ in millions) # of Clients (1) Commitments Balances % Utilization $ Criticized % Criticized Oilfield services and supply (OFS)(2) 148 $449 $289 64% $66 23% Exploration and production (E&P)(2) 100 1,391 787 57% 346 44% Midstream 25 1,527 485 32% 135 2

  48. Slide 48: Energy lending (continued)

    Energy lending (continued) Balances by Category Gross Losses $1,500 $1,200 $ (Millions) $140 $135.9 $900 $600 $120 $300 $0 $100 P s m m r s E& rvi ce rea rea the oa n Se ds t ns t O PL iel d Mi ow PP $ (Millions) $80 $75.1 lf D Oi $60 1Q2015 4Q2020 $40 $36.7 Balance Trend $28.5 $33.0 $20 $5,000 $6.0

  49. Slide 49: Restaurant lending

    Restaurant lending As of 12/31/20 % of Total Outstanding Outstanding ($ in millions) # of Clients* Commitments Balances % Utilization $ Criticized Criticized Quick Service 13,188 $1,374 $1,127 82% $98 9% Casual Dining 30 488 429 88% 389 91% Other 22 148 120 81% 97 81% PPP Loans 2,475 347 347 100% —

  50. Slide 50: Hotel lending

    Hotel lending As of 12/31/20 % of Total Outstanding Outstanding ($ in millions) # of Clients* Commitments Balances % Utilization $ Criticized Criticized CRE-Unsecured (REITs) 11 $824 $606 74% $602 99% IRE – Mortgage 15 216 202 94% 187 93% IRE – Construction 3 80 66 83% 66 100% Consumer Services 3,59

  51. Slide 51: Commercial retail lending

    Commercial retail lending As of 12/31/20 Total Outstanding ($ in millions) # of Clients* Commitments Balances % Utilization $ Criticized % Criticized CRE-Unsecured (REITs) 26 $2,802 $1,210 43% $0 —% IRE 146 779 749 96% 194 26% C&I 22,780 2,577 1,254 49% 25 2% CRE-OO 862 804 760 95% 25 3% ABL 21 1,11

  52. Slide 52: Loans to Small Business and Small Farms

    Loans to Small Business and Small Farms (outstanding balances as of December 31, 2020) Balances by Industry Balances by State Healthcare 14% 14% Real Estate 13% Florida 29% 21% 29% Transportation & Warehousing 10% Alabama 10% 37% 8% $7.4B 13% Professional, Scientific & Technical Services 9% Retail T

  53. Slide 53: Consumer lending portfolio statistics

    Consumer lending portfolio statistics Consumer Third Party Residential Mortgage Lending Consumer Credit Card • Avg. origination FICO 749 • Avg. origination FICO 754 • Avg. origination FICO 769 • Current LTV 60% • Avg. new line $25,253 • Avg. new line $4,832 • 97% owner occupied • 49% home improvemen

  54. Slide 54: 2021 expectations - Unchanged

    2021 expectations - Unchanged FY 2021 Category Expectations Down modestly (dependent on Total Adjusted Revenue timing & amount of PPP (from adjusted 2020 of $6,206)(1)(2)(3) forgiveness) Adjusted Non-Interest Expense Stable to down modestly (from adjusted 2020 of $3,541)(1)(2) Adjusted Average Loans

  55. Slide 55: 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

  56. Slide 56: Environmental & social highlights

    (1) Environmental & social highlights ESG Recognitions: 2023 Environmental ESG Documents: • Human Rights Statement • Ranked by Newsweek as one of America’s Most Responsible Companies for 2021 Goals(2) • Supplier Code of Conduct (#125) Reduce Emissions Reduce Energy • Environmental Sustainability Pol

  57. Slide 57: Appendix

    > GENERATING Consistent Sustainable Kone term Performance APPENDIX A REGIONS] 57

  58. Slide 58: Footprint economic advantages source references

    Footprint economic advantages source references Fact Source Bureau of Labor Statistics. "Employment, Hours, and Earnings from the Current Employment Job Growth Statistics Survey.” data.bls.gov/timeseries/CES0000000001 US Census Bureau. “State Intercensal Tables: 2000-2010." https://www.census.gov/da

  59. 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

  60. Slide 60: Non-GAAP reconciliation: adjusted average loans

    Non-GAAP reconciliation: adjusted average loans Average Balances ($ amounts in millions) 4Q20 3Q20 2Q20 1Q20 4Q19 4Q20 vs. 3Q20 4Q20 vs. 4Q19 Commercial and industrial $ 43,889 $ 46,405 $ 49,296 $ 40,519 $ 39,743 $ (2,516) (5.4)% $ 4,146 10.4 % Less: Commercial loans transferred to held for sale 237

  61. Slide 61: Non-GAAP reconciliation: adjusted ending loans

    Non-GAAP reconciliation: adjusted ending loans As of 12/31/2020 12/31/2020 ($ amounts in millions) 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 vs. 9/30/2020 vs. 12/31/2019 Commercial and industrial $ 42,870 $ 45,199 $ 47,670 $ 45,388 $ 39,971 $ (2,329) (5.2)% $ 2,899 7.3 % Less: Commercial l

  62. Slide 62: Non-GAAP reconciliation: NII, non-interest income/expense, efficiency ratio

    Non-GAAP reconciliation: NII, non-interest income/expense, operating leverage and efficiency ratio Quarter Ended ($ amounts in millions) 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 4Q20 vs. 3Q20 4Q20 vs. 4Q19 Non-interest expense (GAAP) A $ 987 $ 896 $ 924 $ 836 $ 897 $ 91 10.2 % $ 90 10.0 %

  63. Slide 63: Non-GAAP reconciliation: NII, non-interest income/expense, efficiency ratio

    Non-GAAP reconciliation: NII, non-interest income/expense, operating leverage and efficiency ratio Year Ended ($ amounts in millions) 2020 2019 2020 vs. 2019 Non-interest expense (GAAP) K $ 3,643 $ 3,489 154 4.4 % Adjustments: Contribution to the Regions Financial Corporation foundation (10) — (10)

  64. Slide 64: Non-GAAP reconciliation: non-interest expense

    Non-GAAP reconciliation: non-interest expense Year Ended December 31 ($ amounts in millions) 2020 2019 2018 2017 2016 Non-interest expense (GAAP) $ 3,643 $ 3,489 $ 3,570 $ 3,491 $ 3,483 Adjustments: Contribution to Regions Financial Corporation foundation (10) — (60) (40) — Professional, legal and r

  65. Slide 65: Non-GAAP reconciliation: ACL/Loans excluding PPP

    Non-GAAP reconciliation: ACL/Loans excluding PPP As of ($ amounts in millions) 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 Total Loans $ 85,266 $ 88,359 $ 90,548 $ 88,098 $ 82,963 Less: SBA PPP Loans 3,624 4,594 4,498 — — Loans excluding PPP, net (non- GAAP) $ 81,642 $ 83,765 $ 86,050 $ 88,0

  66. Slide 66: Non-GAAP reconciliation: Pre-tax pre-provision income (PPI)

    Non-GAAP reconciliation: Pre-tax pre-provision income (PPI) Quarter Ended ($ amounts in millions) 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 4Q20 vs. 3Q20 4Q20 vs. 4Q19 Net income (loss) available to common shareholders (GAAP) $ 588 $ 501 $ (237) $ 139 $ 366 $ 87 17.4 % $ 222 60.7 % Preferr

  67. Slide 67: Non-GAAP reconciliation: Pre-tax pre-provision income (PPI)

    Non-GAAP reconciliation: Pre-tax pre-provision income (PPI) Year Ended ($ amounts in millions) 12/31/2020 12/31/2019 2020 vs. 2019 Net income available to common shareholders (GAAP) $ 991 $ 1,503 $ (512) (34.1)% Preferred dividends (GAAP) 103 79 24 30.4 % Income tax expense (GAAP) 220 403 (183) (45.

  68. Slide 68: 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

  69. Slide 69: 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

  70. Slide 70: Forward-looking statements (continued)

    Forward-looking statements (continued) • The effects of a possible downgrade in the U.S. government’s sovereign credit rating or outlook, which could result in risks to us and general economic conditions that we are not able to predict. • The effects of problems encountered by other financial instit

  71. Slide 71: Generating Consistent, Sustainable Long-term Performance

    > GENERATING Consistent Sustainable \ Long-term Performance A REGIONS Ma REGIONS| 71

Regions Financial — Investor Presentation (March 2021) on 6ix