Regions Financial Corporation · NYSE:RF
Regions Financial — Investor Presentation (February 2004)
14 slides from Regions Financial's investor presentation, Feb 11, 2004
Slide 1: Regions Financial Corporation February 2004 Investor Visit
Regions Financial Corporation February 2004 Investor Visit
Slide 2: A New Regional Force in Banking and Financial Services
A New Regional Force in Banking and Financial Services Distribution Strength 5mm Customers 1,400 Branches 1,700 ATMs 1,225 Financial Advisors 450K Online Customers
Slide 3: Regions/Union Planters Merger Pro Forma Financial Results
REGIONS/UNION PLANTERS MERGER Pro Forma Financial Results Note: 1 CDI amortization, net of Union Planters' existing CDI amortization, and funding of restructuring costs (4.50% pre-tax). Excludes impact of purchase accounting mark to market adjustments
Slide 4: Regions Financial Corporation Exchange Ratio Effect
REGIONS FINANCIAL CORPORATION EXCHANGE RATIO EFFECT (1.2346 Exchange Ratio) Pre-Merger Terms Post-Merger Terms Consensus EPS 2004 $2.99* $2.42* RF Closing Price $37.05 $30.01 as of 2/6/04 RF 2004 P/E Ratio 12.4x 12.4x * Based on average First Call earnings estimates
Slide 5: Investment Securities as a Percentage of Total Assets
3Q02 4Q02 1Q03 2Q03 3Q03 4Q03 Regions 0.1893 0.1876 0.2004 0.1921 0.1875 0.187 Peers 0.2137 0.2128 0.2198 0.2238 0.2197 0.2281 INVESTMENT SECURITIES AS A PERCENTAGE OF TOTAL ASSETS * Peer Group includes Amsouth, BB&T, Comerica, Compass, Fifth Third, National Commerce, SouthTrust, Union Planters, Wac
Slide 6: Morgan Keegan Adapting to Market Conditions
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr East 20 38 23 14 5 20 West 30.6 38.6 34.6 31.6 North 45.9 46.9 45 43.9 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr 7.7 27.9 36.6 9.2 18.6 MORGAN KEEGAN ADAPTING TO MARKET CONDITIONS 1st Qtr 2nd Qtr 12 39 28 17 4 12 30.6 38.6 34.6 31.6 45.9 46.9 45 43.9 FYE 7/31/93 FYE 7/31/98 FYE
Slide 7: Morgan Keegan Retail Operations Private Client Revenue
YTD 9/30/00 YTD 9/30/01 FYE 12/31/02 FYE 12/31/03 2002 9/30/2003 3Q02 4Q02 1Q03 2Q03 Private Client Revenue 180.2 177.1 173.3 194.1 44.4 53.6 0.7 0.7 0.71 0.73 MORGAN KEEGAN RETAIL OPERATIONS PRIVATE CLIENT REVENUE ($ IN MILLIONS) 12% $173.3 $194.1
Slide 8: Morgan Keegan Fixed Income Revenues
Municipal Corporate Gov't MBS Other 75.5 47.9 97.4 63.7 15.1 MORGAN KEEGAN FIXED INCOME REVENUES 2003 = Municipal = Corporate = Government Agency = MBS = Other
Slide 9: Regions Financial Corporation Mortgage Operations
REGIONS FINANCIAL CORPORATION MORTGAGE OPERATIONS Regions Mortgage Conforming loans Servicing operations EquiFirst Non-conforming loans Sold on a whole loan basis at a premium, servicing released Regions Funding Warehouse lender
Slide 10: Mortgage Operations Gain on Sale of Mortgage Loans
Regions Mortgage EquiFirst Regions Mortgage EquiFirst YTD 3Q03 17614 121670 17266 83858 MORTGAGE OPERATIONS 2003 Gain On Sale Of Mortgage Loans = Regions Mortgage = EquiFirst
Slide 11: Past Due Loans as a Percentage of Outstanding Loans
1999 2000 2001 2002 2003 East 0.0168 0.0149 0.0151 0.012 0.0095 PAST DUE LOANS > 30 DAYS AS A PERCENTAGE OF OUTSTANDING LOANS
Slide 12: Classified Loans
2001 2002 2003 37986 East 1.32 1.04 0.96 CLASSIFIED LOANS $0.96 $1.32 $1.04 $ IN BILLIONS
Slide 13: Consecutive Years of Increased Dividends
REGIONS FINANCIAL CORPORATION 33 Consecutive Years Of Increased Dividends Dividend declared on 1/22/04: $0.33/share to shareholders of record 3/18/04 Special dividend declared on 1/23/04: $0.0816/share to shareholders of records 3/18/04 Total dividend of $0.4116/share per quarter throughout 2004. Di
Slide 14: Outstanding Dividend Record
* 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 0.037 0.075 0.081 0.085 0.089 0.095 0.111 0.134 0.143 0.159 0.173 0.191 0.205 0.227 0.255 0.291 0.345 0.364 0.382 0.418 0.436 0.455 0.52 0.6 0.66 0.7 0.8 0.92 1 1.08 1.12 1.16 1.24 1.65 33 Consecu
Regions Financial — Investor Presentation (February 2004) on 6ix