Regions Financial Corporation · NYSE:RF
Regions Financial — Q1 2025 Earnings Presentation
79 slides from Regions Financial's earnings presentation, Apr 17, 2025
Slide 1: Investor Information
Exhibit 99.1 Investor Information May - June
Slide 2: Table of Contents
Table of Contents Topic Page # Profile and Strategy 3-13 Business Segment Highlights 14-17 Awards & Technology 18-20 Asset / Liability Management 21-32 Fees & Expenses 33-40 Loans & Deposits 41-52 Capital, Debt & Liquidity 53-55 Credit 56-62 Near-Term Expectations 63 Appendix & Forward Looking State
Slide 3: Longstanding Strategic Priorities
Longstanding Strategic Priorities Soundness Profitability Growth Strategically Investing in: • Top quartile organic loan & Relentless focus on: deposit growth over the last Committed to: 5 yrs vs. peers(1) • Credit Risk Management • Diversified Revenue • Leverage superior growth of Streams • Interes
Slide 4: Capital Strength
Capital Strength Soundness: Robust capital balances and strong organic capital generation position Regions well for full range of potential economic conditions Capital Resiliency • Prudent risk management evident in Pro Forma Post-Stress Capital(2) Federal Reserve's stress testing results 11.68% 11.
Slide 5: Total Shareholder Return
Total Shareholder Return Profitability: Strong track record of leading Shareholder Return 3 Year Total Shareholder Return 5 Year Total Shareholder Return 19% 17% 11% 9% 8% 7% 4% Peer Median: 3% 3% 223% 221% 210% 197% 193% 175% Peer Median: 132% 157% 132% 121% 121% (8)% (8)% 104% 98% (15)%(15)%(16)%
Slide 6: Regions' Consistent Outperformance
Regions' Consistent Outperformance Profitability: Sustained advantage in risk efficiency Regions' earnings, including credit costs, have been top quartile vs peers since 2019 Adjusted PPI(1) Less Net Charge-offs to RWA(2) 2.30% 2.47% 2.31% 2.09% 2.08% 1.96% 1.99% 1.96% 1.88% 1.95% 1.78% 1.73% 1.73%
Slide 7: Leading with Consistently Strong Growth Metrics
Leading with Consistently Strong Growth Metrics Profitability: Supports a higher P/E multiple Peer Leading ROATCE(1) For 4 Straight Years Rank: 1 Rank: 1 24.1% Rank: 1 21.4% 21.9% Rank: 1 Rank: 1 17.6% 17.8% 17.7% 16.4% 14.9% 19.3% 13.4% 12.0% 12.0% 17.0% 16.5% 11.0% 14.7% 9.2% 14.3% 9.0% 11.0% 8.5%
Slide 8: Tangible Book Value Growth plus Dividends
Tangible Book Value Growth plus Dividends Profitability: 3 and 5 yr CAGR excluding AOCI 3 Yr CAGR of TBV + Dividends 5 Yr CAGR of TBV + Dividends Peer 1 20.4% Peer 1 15.3% RF 18.7% Peer 7 14.9% Peer 2 16.7% RF 14.8% Peer 3 16.2% Peer 2 14.6% Peer 4 15.2% Peer 6 14.2% Peer 5 14.2% Peer 9 13.9% Peer 6
Slide 9: Attractive Footprint and Strong Brand Presence
Attractive Footprint and Strong Brand Presence Growth: Home field advantage in the southeast Winning in Core Markets Strong Profitability/Returns Supported by: Building trust & serving clients for over 170 years ☑ Low Cost Core Deposits ☑ Strong Brand ☑ Loyal Customer Base ☑ Employer / Bank of Choic
Slide 10: Deposit Advantage Key to Franchise Value
Deposit Advantage Key to Franchise Value Growth: Outperforming deposit growth & disciplined pricing 5 Year Deposit Growth vs Current Deposit Costs(1) 1Q25 Total Deposit Cost vs Peers(1) 40% RF Avg. Total Deposit Growth 30% Above industry median growth Peer Median w/ meaningfully 2.23% 20% 2.03% 2.04
Slide 11: Building on Our Success
Building on Our Success Growth: Strategic investments in priority markets driving deposit expansion Continuing to Invest in Maximizing Growth Priority Markets Opportunities Building on success with incremental Priority Market Growth Opportunities(1) investments supporting growth while ‘25-‘30 Popula
Slide 12: Investing in People and Technology
Investing in People and Technology Growth: Expanding talent and capabilities in markets with greatest opportunity Investing in Investments in Technology Banker Expansion Over the next 3 years, will invest in ☐ Core Modernization Talent across the Footprint in key Personalization Powered by AI areas
Slide 13: First Quarter Overview
First Quarter Overview Continue to deliver consistent, sustainable long-term performance 1Q25 Key Performance Metrics Highlights Reported Adjusted(1) • Consistently generating top-quartile Net Income Available to Common returns in our peer group(2) $465M $487M Shareholders • Continued focus on disci
Slide 14: Diversified Lines of Businesses
Diversified Lines of Businesses Consumer Bank Corporate Bank Wealth Management • Commercial • Private Wealth Investment • Corporate & Institutional Management, Banking & • Retail Banking Services ◦ Corporate Trust Services ◦ Real Estate • Mortgage ◦ Capital Markets • Institutional, Corporate, & • Tr
Slide 15: Consumer Banking Group
Consumer Banking Group Driving growth and customer engagement through strategic investments Delivering Solid Continuing to Deliver Customer Satisfaction Strategic Investments Strong Results & Loyalty Across The Business Regions Bank is the highest-rated bank Industry leader in deposit cost while in
Slide 16: Corporate Banking Group
Corporate Banking Group Driving continued long-term performance for our clients & our shareholders Soundness Profitability Growth Growing NIR +2% vs 1Q24 with Treasury Active credit risk and portfolio Management up 9%, offset by a decline Executing our model of local + expertise management remains a
Slide 17: Wealth Management Group
Wealth Management Group Focus on execution & investments to optimize the client and associate experience Customer Experience Delivered Strong Strategic Investments & Communication Results & Data Analytics Record quarterly NIR in 1Q25 with Bolstered in-house research growth of $11.9M, or 10%, YoY dri
Slide 18: Regions Receives Top Honors
Regions Receives Top Honors Regions Bank is recognized by FORTUNE as one of America's most innovative companies. In 2025, Regions Bank was Regions Bank is the highest- named a Gallup Exceptional rated bank on Forbes' 2024 list Regions Bank was ranked 1st Workplace Award Winner for of Top 300 compani
Slide 19: Empowered by Data & Innovation
Empowered by Data & Innovation Regions remains competitive by reserving ~9–11% of revenue for technology spend Modernization & Innovation Next Gen Platforms Next Generation of Customer Experience and Core Banking ROSIE and Data Platforms Modernization efforts began in 2021 with Personalized offering
Slide 20: Growth in Digital
Growth in Digital Digital Usage Sales & Transactions Zelle Transactions (Millions) (1) (4) Mobile Banking Active Users (Millions) Consumer Checking Sales by Channel +44% 5.03 +7% 4.35 2.57 2.63 2% 2% 2% 3.50 2.46 73% 81% 74% 25% 17% 24% 1Q23 1Q24 1Q25 1Q23 1Q24 1Q25 1Q23 1Q24 1Q25 Digital Branch Con
Slide 21: NII & Margin Performance
NII & Margin Performance NII protected from falling short-term rates; growth from steeper curve/securities repositioning FTE NII and NIM ($ in millions) Drivers of NII and NIM $1,197 $1,243 $1,206 • NII -3% QoQ (down less than -1% excluding non-recurring items and two fewer days); NIM decreased 3bps
Slide 22: NII Positioning for Changing Rate Environment
NII Positioning for Changing Rate Environment Mostly "Neutral" interest rate risk position; benefit from steeper curve Sensitivity to short-term rates Sensitivity to middle/long-term rates Floating Rate Balance Sheet Exposure(1) ($B) Future NII Benefit from Fixed-Rate Asset Turnover 5yr UST +0.50% a
Slide 23: 2025 NII Expected Range and Assumptions
2025 NII(1) Expected Range and Assumptions Resilient NII expected to grow in 2025 under a wide range of possible outcomes Expectation: NII expected to grow in 2025, with fixed-rate asset Net Interest Income Trend ($M) turnover and funding cost management as the primary drivers; Return to long-term g
Slide 24: Balance Sheet Profile
Balance Sheet Profile (As of March 31, 2025) Portfolio Compositions Assets(1) Loans(2)(3) • Balance sheet position naturally benefits Fixed Hedges 23% from higher interest rates (i.e. asset Other 14% sensitive), supported by Cash Floating ◦ Large floating rate loan mix 7% $160B $96B 31% Loans ◦ Larg
Slide 25: Balance Sheet Positioning Advantage
Balance Sheet Positioning Advantage Strong deposit franchise and funding position provide an opportunity for flexibility and margin outperformance in an evolving rate environment Loan-to-Deposit Ratio Total Liability Cost (%) 97% 84% Peer Median: 79% Peer Median: 2.15% 81% 81% 80% 79% 79% 2.36 2.33
Slide 26: Regions' Deposit Pricing
Regions' Deposit Pricing Interest-bearing Deposit Costs vs. Peers(1) Retail CD Maturities (as of 3/31/2025)(2) 6.00% 5.43% 4.2% Int-Bearing Deposit Rates 5.00% 3.8% 4.50% 3.5% 4.00% 2.96% 3.0% 2.9% 3.00% 2.50% 2.48% 2.00% 2.02% $5.1 1.03% 2.34% $3.2 $0.9 $0.5 1.00% $2.1 —% 0.82% 2Q25 3Q25 4Q25 1Q26
Slide 27: Interest-Bearing Deposit Mix
Interest-Bearing Deposit Mix Composition of deposit book affords ability to maintain cost advantage if rates continue to decline; When combined with hedges, creates a well protected margin Interest-bearing Deposits: $90.5B % of 1Q25 Ending Interest-Bearing Deposits (labels represent % of IB Deposits
Slide 28: Net Interest Margin History
Net Interest Margin History Generating consistent, sustainable, long-term performance Learned lesson from outsized credit and rate exposure in GFC; have used hedges to achieve NIM protection and outperform peers Net Interest Margin (NIM)1,2 Through the Interest Rate Cycle Rising Rates: Retained abil
Slide 29: Hedging Strategy Update
Hedging Strategy Update Mostly "neutral" rate risk position protects margin & decreases capital volatility Asset Hedge Notional (Quarterly Avg) (Annual Avg) Receive-Fixed, Cash Flow Swaps - Loans Pay-Fixed, Fair Value Swaps - AFS Securities Net Asset Swap Position(2) Cash Flow Collars - Loans(3) 1Q2
Slide 30: Securities Portfolio
Securities Portfolio Provides downside rate protection/liquidity • Portfolio constructed to protect against changes in market rates 3/31/2025 Securities Portfolio Composition(1)(3) ◦ Duration of ~4.2 years (AFS ~3.9 years) as of 3/31/2025; provides offset to long-duration deposit book Agency/UST Cor
Slide 31: Securities Portfolio - Repositioning
Securities Portfolio - Repositioning Provides efficient use of capital/downside rate protection Multiple, distinct securities repositioning Rationale for Securities Repositioning strategies occurred in 2024 and 2025 Efficient Portfolio Favorable Capital Use Management Market • Sold mostly shorter-du
Slide 32: Securities Portfolio - AOCI Management
Securities Portfolio - AOCI Management Positioned to manage level/exposure lower over time • AOCI associated with unrealized securities gains/ 10.0% CET1 including AOCI Sensitivity(2) losses is expected to be included as a part of CET1 (1,290) (1,000) once B3E rules are finalized (with phase in) (1,
Slide 33: Non-Interest Income
Non-Interest Income Non-Interest Income Adj. Non-Interest Income(1) QoQ Highlights & Outlook ($ in millions) ($ in millions) $613 $615 $615 • NIR remained stable on an adjusted(1) basis and $585 $590 $563 increased slightly on a reported basis, which included a $25M pre-tax loss on securities reposi
Slide 34: Track Record of Expanding Fee-Based Services
Track Record of Expanding Fee-Based Services Adjusted Non-Interest Income(1) Proven Non-Interest Income Resiliency ($ in millions) Diversified revenue growth through expanded $2,473 fee-based services $2,001 Capital Markets • Post the sale of Morgan Keegan in 2012, expanded the business through: ◦ O
Slide 35: Capital Markets
Capital Markets Growing products & services that our clients value Capital Markets Product Solutions Capital Markets Annual RevenueOur CVA/DVA)(1) (Ex.associates delivered results $354 $323 $303 $263 $272 $201 $188 $151 $159 Mergers & Acquisitions Real Estate $101 $65 $81 • M&A Advisory Services • M
Slide 36: Treasury Management
Treasury Management Clients optimize cash flow and manage risk with Treasury Management solutions Steadily Growing our Treasury Management Business +9% Treasury Management Revenue(1) +10% Portfolio of Treasury Management Clients(2) Continually Investing in Technology +12% Digital, Payment & Integrat
Slide 37: Wealth Management
Wealth Management Specialized expertise and tailored investment guidance to manage and grow wealth Wealth Management NIR(1) Growing our Wealth Management Business(2) ($ in millions) +1% Total Client Assets(3) 8.3% CAGR $419 $451 $495 +8% Total WM Relationships(4) $382 $306 $322 $337 $157 $138 $71 $7
Slide 38: Mortgage
Mortgage Remains a key component of fee revenue Mortgage Income ($ in millions) Strong Performance • Mortgage Income: $40M 1Q25; $146M FY24 $333 • Portfolio 757 Avg. FICO | 53% current LTV • $390K Avg. New Loan Size • Production exceeds market in percentage of purchase production volume at 83% in 1Q
Slide 39: Non-Interest Expense
Non-Interest Expense Non-Interest Expense Adj. Non-Interest Expense(1) ($ in millions) ($ in millions) $1,131 QoQ Highlights & Outlook $1,038 $1,039 $1,097 $1,029 $1,035 $22 $— • NIE remained relatively stable on a reported basis and increased ~1% on an adjusted(1) 64.3% 60.6% basis, driven primaril
Slide 40: Efficiency Ratio vs. Peers
Efficiency Ratio vs. Peers 1Q25 Efficiency Ratio vs. Peers FY24 Efficiency Ratio vs. Peers 70.2% 70.3% 69.3% 68.0% 66.6% 64.6% 64.8% 63.5% 61.5% 61.8% 60.4% 60.5% 60.1% 59.1% 59.7% 58.5% 58.8% 59.1% 58.6% 57.0% 56.4% 56.6% 56.3% 57.0% 55.5% 54.7% 54.1% 53.5% Peer Peer Peer RF Peer Peer Peer Peer Pee
Slide 41: Loans
Loans Stable loan trends with cautious optimism for growth Average Loans & Leases ($ in billions) QoQ Highlights & Outlook $97.4 $96.4 $96.1 • Avg loans remained relatively stable $33.4 $33.2 $33.0 while ending loans declined 1% • Avg business loans remained stable; $64.0 $63.2 $63.1 Customers carry
Slide 42: 1Q25 Average Loan Composition
1Q25 Average Loan Composition Average Consumer Loans Average Business Loans ($ in billions) ($ in billions) $2.3 $1.4 $6.5 $0.3 $6.1 $4.9 $33.0B $63.1B $5.5 $20.0 $49.1 Commercial and Industrial CRE Mortgage - OO Mortgage Home Equity CRE Construction - OO IRE - Mortgage Other Consumer Consumer Credi
Slide 43: Consumer Lending Portfolio
Consumer Lending Portfolio • Consumer Credit Card Home Equity Consumer FICO Scores(1) • Avg. origination FICO 771 • Avg. origination FICO 760 • Avg. new line $8,812 • Current LTV 37% 2% 2% 2% • 1Q25 Yield 14.55% • 59% of portfolio is 1st lien • 1Q25 QTD NCO 4.18% • Avg. loan size $34,732 67% • $113M
Slide 44: Ascentium & Home Improvement Financing
Ascentium & Home Improvement Financing 1Q25 Ascentium Capital Home Improvement Financing 1Q Average Balances $2.6B $5.1B 1Q Portfolio Yield 8.4% 7.8% 1Q Going-on Yield 10.0% 9.6% 1Q NCOs 2.25% 1.97% Ascentium Capital(1) Home Improvement Financing(2) Origination Growth Credit • Since acquisition, Asc
Slide 45: Highly Diversified Business Portfolio
Highly Diversified Business Portfolio Healthcare All Other Commercial 5.3% 3.6% Distribution Investor Real Estate 7.2% 14.0% Business Services 7.7% Utilities 3.4% Agriculture Financial Services 0.3% 12.1% Energy 2.2% $63.3B(1) Manufacturing 8.0% (2) CRE Unsecured, including REITs 11.1% Technology Se
Slide 46: Commercial Real Estate
Commercial Real Estate (Outstanding balances as of March 31, 2025) Highly Diversified Portfolio (IRE including Unsecured CRE) Key Portfolio Metrics Res. Homebuilders Other Hotel 8.5% 3.1% 4.9% • Unsecured loans for RE purposes generally have low Healthcare leverage, with strong access to liquidity 7
Slide 47: CRE - Office Portfolio
CRE- Office Portfolio (Outstanding balances as of March 31, 2025) Key Portfolio Metrics(1) Investor Real Estate Office Portfolio Overview Balances $1,387 % of Total Loans 1.5% 8% 20% 41% NPL $184 59% 80% NPL / Loans 13.3% 92% Charge-offs $20 Class A Class B Multi-Tenant Single Tenant Suburban Urban
Slide 48: Transportation - Trucking
Transportation - Trucking (Outstanding balances as of March 31, 2025) Key Portfolio Metrics(1) Ongoing Portfolio Surveillance Balances $1,362 • The trucking industry entered 2025 with cautious optimism given the potential for freight demand % of Total Loans 1.4% and rates to recover; however, there
Slide 49: Deposits
Deposits Relationship deepening and customer acquisition support stabilizing deposit trends Average Deposits by Segment ($ in billions) $127.1 $126.5 $127.7 QoQ Highlights & Outlook $3.1 $3.1 $3.1 $7.7 $7.5 $7.6 • Avg deposits increased 1% and ending $37.1 $37.4 $38.3 deposits increased 3%, typical
Slide 50: Checking Balances & Spending Levels
Checking Balances & Spending Levels Balances and Avg Monthly Consumer & Ratio of Consumer & Wealth Checking Balances to Wealth Spending vs. 2019(1) Monthly Spending(1) 60% 2.2x % Change vs. 2019 40% 1.9x 1.7x 1.7x 1.6x 20% —% 2019 Average 1Q22 1Q25 2019 1Q22 1Q23 1Q24 1Q25 Change in Checking Deposit
Slide 51: Diversified Deposit Base
Diversified Deposit Base Insured/Uninsured Deposit Mix(1)(2) Retail Uninsured $8.0 Other Wholesale Non-Operational Uninsured $— • ~73% of Total Deposits are covered $11.8 by FDIC insurance or are Less Stable collateralized (Public Funds or Trust) Categories Wholesale Operational Uninsured $15.9 • No
Slide 52: Deposit Advantage
Deposit Advantage Well diversified deposit base vs. peers % of Total Deposits Balance in Accounts % of Total Deposits Insured By FDIC(1) Less than $250k(1) 55% 54% 53% 50% 49% 47% 47% 67% 63% 46% 43% 43% 42% 41% 41% 39% 60% 59% 56% 56% 56% 56% 53% 53% 52% 51% 51% 49% Peer RF Peer Peer Peer Peer Peer
Slide 53: Capital and Liquidity
Capital and Liquidity Managing capital flexibility to support growth and shareholder returns Tier 1 Capital Ratio(1) QoQ Highlights & Outlook 11.6% 12.2% 12.2% • Declared 1Q common dividends of $226M or $0.25 per share and executed $242M in share repurchases 1Q24 4Q24 1Q25 • Dividend payout target o
Slide 54: CET1 Under Basel III Endgame (B3E)
CET1 Under Basel III Endgame (B3E) B3E Update Volatility Management • B3E has yet to be finalized but expect AOCI to be included in • Reclassified Available-for-Sale securities into Held- Regulatory Capital to-Maturity to reduce volatility; ~17% of portfolio • CET1 inclusive of AOCI increased linked
Slide 55: Tangible Common Equity
Tangible Common Equity • Higher levels of interest rates are generally beneficial to Regions through expansion in net interest margin and deposit value ◦ However, higher rates also result in unrealized losses within our securities and cash flow hedging portfolios which act as a drag on our ratio of
Slide 56: Continuous Improvement in Risk Management
Continuous Improvement in Risk Management Our commitment to strengthening credit risk disciplines and intentional portfolio shaping over the past decade-plus leaves us well positioned for sound, profitable growth Strong Origination Disciplines Aligned with Comprehensive Risk Framework Case Studies i
Slide 57: Historical Credit Profile
Historical Credit Profile Total Net Charge-Offs 2.00% 1.50% Average Pre-Pandemic Average Pandemic 0.46% 0.35% 1.00% 0.52% 0.50% —% 13 20 22 25 1Q 1Q 4Q 1Q Non-Performing Loans 2.50% 2.00% Average Pre-Pandemic Average Pandemic 1.07% 0.64% 1.50% 0.88% 1.00% 0.50% —% 13 20 22 25 1Q 1Q 4Q 1Q • Non-Accru
Slide 58: Historical Credit Profile
Historical Credit Profile Commercial Net Charge-Offs(1) 1.00% Average Pre-Pandemic Average Pandemic 0.27% 0.25% 0.50% 0.44% —% 13 20 22 25 1Q 1Q 4Q 1Q Consumer Net Charge-Offs(2) 3.50% Average Pre-Pandemic Average Pandemic 0.78% 0.53% 3.00% 2.50% 2.00% 1.50% 1.00% 0.66% 0.50% —% 13 20 22 25 1Q 1Q 4Q
Slide 59: Asset Quality
Asset Quality Customers remain healthy - Credit Metrics within expectations Net Charge-Offs(1) Non-Performing Loans (NPLs)(1) $906 $928 $843 $121 $119 $123 0.94% 0.96% 0.88% 0.50% 0.49% 0.52% 1Q24 4Q24 1Q25 NPLs - excluding LHFS NPL/Loans 1Q24 4Q24 1Q25 NCOs NCOs Ratio QoQ Highlights & Outlook • 1Q
Slide 60: Allowance for Credit Losses
Allowance for Credit Losses QoQ Highlights • 1Q allowance essentially flat compared to the prior quarter, resulting in a $124M provision expense ($ in millions) • A consistent ACL resulted from: $1,729 $37 $1,730 ◦ Decreases in Specific Reserve $(20) $(16) borrowers driven by charge-offs ◦ Portfolio
Slide 61: Base R&S Economic Outlook
Base R&S Economic Outlook (As of March 2025) Pre-R&S period 1Q2025 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 3Q2026 4Q2026 1Q2027 Real GDP, annualized % change 1.4 % 1.1 % 0.9 % 1.4 % 1.7 % 2.1 % 2.3 % 2.1 % 2.0 % Unemployment rate 4.1 % 4.2 % 4.2 % 4.3 % 4.3 % 4.3 % 4.2 % 4.2 % 4.1 % HPI, year-over-year %
Slide 62: Allowance Allocation
Allowance Allocation Regions "Day 1" CECL ACL ratio on 1/1/2020 was 1.71%. The company has executed a number of de-risking strategies that have improved the overall loan portfolio. Taking the 1Q25 loan portfolio and applying the "Day 1" ACL rates would produce a proforma Day 1 ACL ratio of 1.62%. As
Slide 63: 2025 Expectations
2025 Expectations Expectations for 2Q25 & Beyond(3) FY 2025 Expectations • NII expected to grow in 2025, with fixed-rate Net Interest Income up 1 – 4% (3) asset turnover and funding cost management (vs. 2024 of $4,818) as the primary drivers; opportunity if balance Adjusted Non-Interest Income sheet
Slide 64: Appendix
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Slide 65: Non-GAAP Information
Non-GAAP Information Management uses computations of earnings and certain other financial measures, which exclude certain adjustments that are included in the financial results presented in accordance with GAAP, to monitor performance and believes these measures provide meaningful information to inv
Slide 66: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Tax Pre-Provision Income (PPI) Less Charge-Offs to Risk-Weighted Assets Quarter Ended Year Ended ($ amounts in millions) 3/31/2025 2024 2023 2022 2021 2020 2019 Net income available to common shareholders (GAAP) $ 465 $ 1,774 $ 1,976 $ 2,146 $ 2,400 $ 991 $ 1,503 Preferre
Slide 67: Non-GAAP Reconciliation
Non-GAAP reconciliation Return on Average Tangible Common Shareholders' Equity Quarter Ended Year Ended ($ amounts in millions) 3/31/2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 RETURN ON AVERAGE TANGIBLE COMMON SHAREHOLDERS' EQUITY Net income available to common shareholders A $ 465 $ 1,7
Slide 68: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible Common Ratios As of and for Quarter Ended ($ amounts in millions, except per share data) 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 TANGIBLE COMMON RATIOS Shareholders’ equity (GAAP) A $ 18,530 $ 17,879 $ 18,676 $ 17,169 $ 17,044 Less: Preferred stock (GAAP)
Slide 69: Non-GAAP Reconciliation
Non-GAAP Reconciliation Net Income Available to Common Shareholders, Adjusted Diluted EPS, and Return Ratios Quarter Ended ($ amounts in millions) 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 1Q25 vs. 4Q24 1Q25 vs. 1Q24 Net income available to common shareholders (GAAP) A $ 465 $ 508 $ 446 $ 4
Slide 70: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Tax Pre-Provision Income (PPI) Quarter Ended ($ amounts in millions) 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 1Q25 vs. 4Q24 1Q25 vs. 1Q24 Net income available to common shareholders (GAAP) $ 465 $ 508 $ 446 $ 477 $ 343 $ (43) (8.5)% $ 122 35.6 % Preferred divide
Slide 71: Non-GAAP Reconciliation
Non-GAAP Reconciliation NII, Non-Interest Income/Expense, and Efficiency Ratio Quarter Ended ($ amounts in millions) 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 1Q25 vs. 4Q24 1Q25 vs. 1Q24 Non-interest expense (GAAP) A $ 1,039 $ 1,038 $ 1,069 $ 1,004 $ 1,131 $ 1 0.1 % $ (92) (8.1)% Adjustment
Slide 72: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-Interest Income Year Ended ($ amounts in millions) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Non-interest income (GAAP) $ 2,265 $ 2,256 $ 2,429 $ 2,524 $ 2,393 $ 2,116 $ 2,019 $ 1,962 $ 2,011 $ 1,937 $ 1,785 $ 2,096 $ 2,201 $ 2,226 Security (ga
Slide 73: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-Interest Expense Twelve Months Ended December 31 ($ amounts in millions) 2024 2023 2022 2021 2020 2019 2018 2017 2016 Non-interest expense (GAAP) $ 4,242 $ 4,416 $ 4,068 $ 3,747 $ 3,643 $ 3,489 $ 3,570 $ 3,491 $ 3,483 Adjustments: FDIC insurance special assessment (16) (1
Slide 74: Non-GAAP Reconciliation
Non-GAAP Reconciliation Adjusted CET1- inclusive of AOCI(4) Quarter Ended ($ amounts in millions) 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 ADJUSTED CET1 RATIO Common Equity Tier 1(1) A $ 13,355 $ 13,434 $ 13,185 $ 13,093 $ 12,913 Adjustments: AOCI gain (loss) on securities(2) (1,645) (2,02
Slide 75: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible Common Ratios As of and for Quarter Ended ($ amounts in millions, except per share data) 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 TANGIBLE COMMON RATIOS Shareholders’ equity (GAAP) A $ 18,530 $ 17,879 $ 18,676 $ 17,169 $ 17,044 Less: Preferred stock (GAAP)
Slide 76: 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. In addition, the company, through its senior management, may from time to time make forward-looking public statements con
Slide 77: Forward-Looking Statements (continued)
Forward-Looking Statements (continued) • Our inability to develop and gain acceptance from current and prospective customers for new products and services and the enhancement of existing products and services to meet customers’ needs and respond to emerging technological trends in a timely manner co
Slide 78: 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
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