Regions Financial Corporation · NYSE:RF
Regions Financial — Q3 2025 Earnings Presentation
53 slides from Regions Financial's earnings presentation, Oct 17, 2025
Slide 1: 3rd Quarter Earnings
Exhibit 99.3 3rd Quarter Earnings October 17, 2025 Internal Use
Slide 2: Third Quarter Overview
Third Quarter Overview Continue to deliver consistent, sustainable long-term performance 3Q25 Key Performance Metrics Reported Adjusted(1) Highlights Net Income Available to Common Shareholders $548M $561M • Consistently generating top-quartile returns in our peer group(2) Diluted Earnings Per Share
Slide 3: Loans
Loans Client sentiment, pipelines, production and commitments continue improving Average Loans & Leases ($ in billions) QoQ Highlights & Outlook $97.0 $96.1 $96.6 • Avg loans grew ~1% while ending loans declined ~1% $33.2 $32.9 $32.8 • Avg business loans grew 1% driven by C&I and real estate • Quart
Slide 4: Deposits
Deposits Relationship deepening and customer acquisition support positive deposit trends Average Deposits by Segment ($ in billions) $126.0 $129.4 $129.6 $2.8 $3.0 $2.9 QoQ Highlights & Outlook $7.4 $7.3 $7.3 $36.9 $39.2 $39.7 • Deposits remain strong overall reflecting 1.60% 1.39% 1.39% continued s
Slide 5: NII & Margin Performance
NII & Margin Performance NII positioned for future growth FTE NII and NIM ($ in millions) 3Q NII and NIM Drivers $1,230 $1,271 $1,269 • NII -0.2% QoQ; NIM decreased 6bps to 3.59% • Modest NII growth when compared to 2nd quarter excluding non- recurring items, driven primarily by balance sheet repric
Slide 6: NII Positioning for Changing Rate Environment
NII Positioning for Changing Rate Environment Mostly "Neutral" interest rate risk position protected from fed funds cuts Sensitivity to short-term rates Sensitivity to middle/long-term rates Floating Rate Balance Sheet Exposure(1) ($B) Future NII Benefit from Fixed-Rate Asset Turnover Front-book / b
Slide 7: Non-Interest Income
Non-Interest Income Record performance across key fee businesses, reflecting broad-based strength and sustained momentum Non-Interest Income Adj. Non-Interest Income(1) ($ in millions) ($ in millions) $646 $659 $650 $646 $684 QoQ Highlights & Outlook $572 • NIR increased 2% on an reported basis and
Slide 8: Non-Interest Expense
Non-Interest Expense Non-Interest Expense Adj. Non-Interest Expense(1) ($ in millions) ($ in millions) $1,069 $1,073 $1,103 $1,069 $1,073 $1,111 QoQ Highlights & Outlook $22 $— • NIE increased 3% on a reported basis and 4% on an adjusted(1) basis, driven primarily by 59.3% salaries & benefits 57.2%
Slide 9: Asset Quality
Asset Quality Credit performance improving; metrics tracking favorably Net Charge-Offs(1) Non-Performing Loans (NPLs)(1) $135 $117 $113 $821 $776 $758 0.85% 0.48% 0.47% 0.55% 0.79% 0.80% 3Q24 2Q25 3Q25 3Q24 2Q25 3Q25 NCOs NCOs Ratio NPLs - excluding LHFS NPL/Loans Allowance for Credit Losses (ACL)(1
Slide 10: Capital and Liquidity
Capital and Liquidity Managing capital flexibility to support growth and shareholder returns Tier 1 Capital Ratio(1) 12.0% 11.9% 11.9% QoQ Highlights & Outlook 3Q24 2Q25 3Q25 • Declared 3Q common dividends of $235M and executed $251M in share repurchases Common Equity Tier 1 Ratio(1) • Dividend payo
Slide 11: 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 Regulatory • During the quarter, added $670mm of Pay Fixed swaps vs AFS securities Capital ◦ In total, $5.1B Pay Fixed Fair Value swaps vs AFS securities (mostly • CET1
Slide 12: 2025 Expectations
2025 Expectations Previous FY25 Expectations Current FY25 Expectations Net Interest Income up 3 – 5% up 3 – 4%(3) Expectations for 4Q25 & FY25(3) (vs. 2024 of $4,818) Adjusted Non-Interest Income • 4Q25 NII to increase 1 – 2% vs 3Q25 (vs. adjusted 2024 of $2,473)(1) up 2.5 – 3.5%(2) up 4 – 5%(2) • 4
Slide 13: Appendix
Appendix Internal Use
Slide 14: Longstanding Strategic Priorities
Longstanding Strategic Priorities Soundness Profitability Growth Relentless focus on: Committed to: Strategically Investing in: • Client selectivity • Diversified Revenue Streams • Top quartile organic loan & deposit growth over the last 5 yrs vs. peers(1) • Credit Risk Management • Appropriate Risk
Slide 15: 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 Pro Forma Post-Stress Capital(2) • Prudent risk management evident in Federal Reserve's stress testing results 11.68% 11.
Slide 16: Driving Shareholder Value
Driving Shareholder Value Soundness: Peer-leading dividend growth while actively managing share count 6 Yr Dividend Growth CAGR Post-Financial Crisis Maximum 2Q25 Shares Shares RF 10.1% Period Outstanding Outstanding Decline (MM) (MM)(1) Peer 1 9.1% RF 3Q12 1,423 900 (36.8)% Peer 2 9.1% Peer 12 4Q11
Slide 17: Total Shareholder Return
Total Shareholder Return Profitability: Strong track record of Shareholder Returns 3 Year Total Shareholder Return 5 Year Total Shareholder Return 281% 78% 187% 179% 178% 58% 52% 51% 50% 162% 155% 152% 49% 47% Peer Median: 136% 136% 129% 126% 38% 38% Peer Median: 38% 119% 100% 25% 24% 24% 67% 52% 13
Slide 18: 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% 2.21% 2.09% 1.96% 1.99% 1.96% 1.88% 1.95% 1.78% 1.73% 1.64%
Slide 19: 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 Rank: 1 24.1% 21.4% 21.9% Rank: 1 17.8% 18.6% 17.6% 16.4% 14.9% 19.3% 12.0% 12.0% 17.0% 16.5% 11.0% 14.7% 9.2% 14.3% 9.0% 9.7% 11.0% 8.5% 2015 201
Slide 20: 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 21: Top Quartile Organic Loan and Deposit Growth
Top Quartile Organic Loan and Deposit Growth Growth: Consistent, disciplined growth 5 Yr Loan Growth excl. Bank M&A 21% 18% 17% 12% 12% 11% Peer Median: 7% 7% 7% 2% 1% 1% (3)% (4)% (5)% RF 11 6 2 10 5 1 9 4 13 8 3 12 7 er er er er er er er er er er er er er Pe Pe Pe Pe Pe Pe Pe Pe Pe Pe Pe Pe Pe 5 Y
Slide 22: Attractive Footprint and Strong Brand Presence
Attractive Footprint and Strong Brand Presence Growth: Home field advantage in the southeast Strong Profitability/Returns Supported by: Winning in Core Markets Building trust & serving clients for over 170 years ☑ Low Cost Core Deposits ☑ Strong Brand ☑ Loyal Customer Base ☑ Employer / Bank of Choic
Slide 23: 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) 2Q25 Total Deposit Cost vs Peers(1) 40% RF Avg. Total Deposit Growth 30% Above industry median growth w/ meaningfully lower Peer Median 2.22% cost (wo
Slide 24: Building on Our Success
Building on Our Success Growth: Strategic investments in priority markets driving deposit expansion Continuing to Invest in Priority Maximizing Growth Opportunities Markets(2) Priority Market Growth Opportunities(1) Building on success with incremental investments supporting (3) growth while maintai
Slide 25: Investing in People and Technology
Investing in People and Technology Growth: Expanding talent and capabilities in markets with greatest opportunity Investing in Banker Expansion Investments in Technology Over the next 3 years, will invest in Talent across the Footprint in key areas of opportunity: By hiring and converting skilled Ba
Slide 26: Growth in Digital
Growth in Digital Digital Usage Sales & Transactions Customer Satisfaction Mobile Banking Active Users (Millions)(1) Consumer Checking Sales by Channel(4) Mobile App Average 4.9 out +6% 2% 1% 1% of 5 rating from 2.61 2.70 2.55 66% 79% 68% iOS app store Digital users Branch Contact Center 32% 20% 31%
Slide 27: Investments in Our Businesses
Investments in Our Businesses Investments in talent, technology and strategic acquisitions continue to pay off Corporate Consumer Wealth • Capital Markets income ex. CVA/DVA had a • Reskilling ~600 bankers to align talent • Record 3Q25 NIR, up 5.1% QoQ record quarter up 22% vs 2Q25 driven by depth w
Slide 28: 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) as
Slide 29: Securities Portfolio
Securities Portfolio Provides downside rate protection/liquidity • Portfolio constructed to protect against changes in market rates Securities Portfolio Composition(1) ◦ Duration of ~4.0 years (AFS ~3.6 years) as of 9/30/2025; provides offset to Corp Bonds long-duration deposit book 1% HTM, 18% Agen
Slide 30: Securities Portfolio - Repositioning
Securities Portfolio - Repositioning Provides efficient use of capital/downside rate protection Rationale for Securities Repositioning Multiple, distinct securities repositioning strategies occurred Efficient Capital Use Portfolio Management Favorable Market in 2024 and 2025 • Sold mostly shorter-du
Slide 31: 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 32: 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% 0.55% 0.50% —% 13 20 22 25 1Q 1Q 4Q 3Q Non-Performing Loans 2.50% 2.00% Average Pre-Pandemic Average Pandemic 1.07% 0.64% 1.50% 1.00% 0.79% 0.50% —% 13 20 22 25 1Q 1Q 4Q 3Q • The incre
Slide 33: Historical Credit Profile
Historical Credit Profile Commercial Net Charge-Offs(1) 1.00% Average Pre-Pandemic Average Pandemic 0.27% 0.25% 0.49% 0.50% —% 13 20 22 25 1Q 1Q 4Q 3Q Consumer Net Charge-Offs(2) 3.50% Average Pre-Pandemic Average Pandemic 3.00% 0.78% 0.53% 2.50% 2.00% 1.50% 1.00% 0.67% 0.50% —% 13 20 22 25 1Q 1Q 4Q
Slide 34: Commercial Real Estate
Commercial Real Estate (Outstanding balances as of September 30, 2025) Highly Diversified Portfolio Key Portfolio Metrics REITs within Total: (IRE including Unsecured CRE) Diversified • Unsecured loans for RE purposes generally have low Data Center 3% 16% Retail leverage, with strong access to liqui
Slide 35: CRE- Office Portfolio
CRE- Office Portfolio (Outstanding balances as of September 30, 2025) Key Portfolio Metrics(1) Investor Real Estate Office Portfolio Overview Balances $1,120 % of Total Loans 1.2% 20% 21% NPL $113 48% 52% 80% 79% NPL / Loans 10.1% Charge-offs $51 Class A Class B Multi-Tenant Single Tenant Suburban U
Slide 36: Transportation - Trucking
Transportation - Trucking (Outstanding balances as of September 30, 2025) Key Portfolio Metrics(1) Ongoing Portfolio Surveillance Balances $1,277 • While the Trucking industry has experienced marginal improvement in 2025, freight demand remains soft; tariffs and % of Total Loans 1.3% trade policies
Slide 37: Consumer Lending Portfolio
Consumer Lending Portfolio Consumer FICO Scores(1) • Consumer Credit Card Home Equity • Avg. origination FICO 775 • Avg. origination FICO 761 2% 2% 2% • Avg. new line $9,340 • Current LTV 37% • 3Q25 Yield 14.46% • 58% of portfolio is 1st lien • 3Q25 QTD NCO 3.94% • Avg. loan size $34,847 67% 78% 82%
Slide 38: Allowance for Credit Losses
Allowance for Credit Losses QoQ Highlights ($ in millions) • 3Q allowance decreased $30M compared to the prior quarter, resulting in a $105M provision expense and a $1,743 $13 slight reduction in the ACL % from 1.80% to 1.78% $1,713 $(40) $(3) • The change in ACL resulted from: ◦ Net increase in mod
Slide 39: Base R&S Economic Outlook
Base R&S Economic Outlook (As of September 2025) Pre-R&S period 3Q2025 4Q2025 1Q2026 2Q2026 3Q2026 4Q2026 1Q2027 2Q2027 3Q2027 Real GDP, annualized % change 1.4 % 1.2 % 1.7 % 1.9 % 1.9 % 2.1 % 1.9 % 2.0 % 1.9 % Unemployment rate 4.3 % 4.4 % 4.4 % 4.4 % 4.4 % 4.4 % 4.3 % 4.3 % 4.3 % HPI, year-over-ye
Slide 40: Allowance Allocation
Allowance Allocation Regions "Day 1" CECL ACL ratio on 1/1/2020 was 1.71%. The company has executed a number of de-risking strategies that have improved the overall loan portfolio. Taking the 3Q25 loan portfolio and applying the "Day 1" ACL rates would produce a proforma Day 1 ACL ratio of 1.63%. As
Slide 41: Non-GAAP Information
Non-GAAP Information Management uses pre-tax pre-provision income (non-GAAP), adjusted pre-tax pre-provision income (non-GAAP), the adjusted efficiency ratio (non-GAAP), the adjusted fee income ratio (non-GAAP), return on average tangible common shareholders' equity (non-GAAP), adjusted return on av
Slide 42: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Tax Pre-Provision Income (PPI) Less Charge-Offs to Risk-Weighted Assets Nine Months Ended Year Ended ($ amounts in millions) 9/30/2025 2024 2023 2022 2021 2020 2019 Net income available to common shareholders (GAAP) $ 1,547 $ 1,774 $ 1,976 $ 2,146 $ 2,400 $ 991 $ 1,503 Pr
Slide 43: Non-GAAP reconciliation
Non-GAAP reconciliation Return on Average Tangible Common Shareholders' Equity Nine Months Ended Year Ended ($ amounts in millions) 9/30/2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 RETURN ON AVERAGE TANGIBLE COMMON SHAREHOLDERS' EQUITY Net income available to common shareholders A $ 1,547
Slide 44: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible Common Ratios As of and for Quarter Ended ($ amounts in millions, except per share data) 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 TANGIBLE COMMON RATIOS Shareholders’ equity (GAAP) A $ 19,049 $ 18,666 $ 18,530 $ 17,879 $ 18,676 Less: Preferred stock (GAAP)
Slide 45: Non-GAAP Reconciliation
Non-GAAP Reconciliation Net Income Available to Common Shareholders, Adjusted Diluted EPS, and Return Ratios Quarter Ended ($ amounts in millions) 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 3Q25 vs. 2Q25 3Q25 vs. 3Q24 Net income available to common shareholders (GAAP) A $ 548 $ 534 $ 465 $ 5
Slide 46: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Tax Pre-Provision Income (PPI) Quarter Ended ($ amounts in millions) 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 3Q25 vs. 2Q25 3Q25 vs. 3Q24 Net income available to common shareholders (GAAP) $ 548 $ 534 $ 465 $ 508 $ 446 $ 14 2.6 % $ 102 22.9 % Preferred dividends
Slide 47: Non-GAAP Reconciliation
Non-GAAP Reconciliation NII, Non-Interest Income/Expense, and Efficiency Ratio Quarter Ended ($ amounts in millions) 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 3Q25 vs. 2Q25 3Q25 vs. 3Q24 Non-interest expense (GAAP) A $ 1,103 $ 1,073 $ 1,039 $ 1,038 $ 1,069 $ 30 2.8 % $ 34 3.2 % Adjustments:
Slide 48: 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 49: Adjusted CET1- inclusive of AOCI
Non-GAAP Reconciliation Adjusted CET1- inclusive of AOCI(4) Quarter Ended ($ amounts in millions) 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 ADJUSTED CET1 RATIO Common Equity Tier 1(1) A $ 13,620 $ 13,533 $ 13,355 $ 13,434 $ 13,185 Adjustments: AOCI gain (loss) on securities(2) (1,241) (1,48
Slide 50: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This presentation and the accompanying earnings call 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 fo
Slide 51: 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 52: 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 53: Internal Use
Internal Use