Regions Financial Corporation · NYSE:RF
Regions Financial — Shareholder Meeting (April 2023)
23 slides from Regions Financial's shareholder meeting presentation, Apr 19, 2023
Slide 1: Regions Financial Corporation Form 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 18, 2023 REGIONS FINANCIAL CORPORATION (Exact name of registrant as specified
Slide 2: Emerging growth company
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark i
Slide 3: Item 2.02 Results of Operations and Financial Condition; Item 7.01 Regulation FD Disclosure
Item 2.02 Results of Operations and Financial Condition. Item 7.01 Regulation FD Disclosure. Regions Financial Corporation (“Regions”) will hold its 2023 Annual Meeting of Shareholders (the “Annual Meeting”) on Wednesday, April 19, 2023, at 9:00 a.m. Central Time. A copy of the presentation material
Slide 4: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. REGIONS FINANCIAL CORPORATION By: /s/ Karin K. Allen Name: Karin K. Allen Title: Executive Vice President
Slide 5: Annual Shareholder Meeting
Exhibit 99.1 Annual Shareholder Meeting April 19, 2023
Slide 6: Deposit Advantage
Deposit Advantage Well diversified deposit base % of Total Deposits Balance in Accounts % of Total Deposits Insured By FDIC(1) Less than $250k(1) Regions holds a larger proportion of smaller deposit balance ...Resulting in the highest mix of FDIC insured deposits accounts when compared to the indust
Slide 7: Diversified Deposit Base
Diversified Deposit Base Insured/Uninsured Deposit Mix(1)(2) Diversified Industry Mix of Wholesale Deposit Balances(2) Total Primary Liquidity is ~2x the levels of less stable deposit categories Note: ‘Retail’ includes consumer, wealth and small business Real Estate - Services, Retail Uninsured Othe
Slide 8: Liquidity Advantage
Liquidity Advantage Key Liquidity Position/Levels as of 3/31/2023 $ in Billions Position as of 12/31/2022 3/31/2023 (1) Cash at the Federal Reserve $ 9.1 $ 6.5 Liquid Securities Free to Use incl. BTFP(2) 18.5 20.7 Liquid IG Corporate Bonds 0.7 0.6 Regions Highly Liquid Assets incl. BTFP $ 28.3 $ 27.
Slide 9: Operating from a Strong Foundation
Operating from a Strong Foundation Defining our culture while focusing on doing the right things, the right way Our Mission & Core Values Our Strategy: Soundness, Profitability, & Growth Our mission is to achieve superior economic value for our shareholders over time by making life better for our cu
Slide 10: 2022 Overview
2022 Overview Continue to generate consistent, sustainable long-term performance FY22 Key Performance Metrics 2022 Highlights (1) Reported Adjusted • Both reported and adjusted FY PPI(1) represent highest Net Income Available to Common Shareholders $2.1B level on record Diluted Earnings • Strong cap
Slide 11: Investments in Our Businesses
Investments in Our Businesses Investments in talent, technology and strategic acquisitions continue to pay off CORPORATE CONSUMER WEALTH Treasury Management client base Mobile users increased 5.7% Record 2022 non-interest income grew 9% YoY(1); 2022 Revenue grew YoY reflecting growth of 9.2% vs PY 1
Slide 12: Regions Receives Top Honors
Regions Receives Top Honors For the second year, Regions earned Gallup's Don Clifton Strengths-Based Culture Award, which recognized organizations in 2022 with workplace cultures that put the strengths of all associates at the core of how they collaborate, make decisions and work every day. Regions
Slide 13: Enhancing Associate Experience
Enhancing Associate Experience Ensuring diverse talent, equitable access & inclusion Our future means investing in our people today. In 2022, we advanced a number of initiatives to provide cutting-edge training and development tools while also securing new pathways to create a more diverse, equitabl
Slide 14: Delivering Shared Value
Delivering Shared Value Environmental, Social & Governance At Regions, we consider ESG as another way to describe how we carry out our mission to deliver shared value. Governance Products & Services Risks and opportunities Aligned with customers’ overseen and managed in line unique goals and strateg
Slide 15: Appendix
GENERATING > Appendix (Bese. AM ReEGIONS| 11
Slide 16: Non-GAAP information
Non-GAAP information Management uses pre-tax pre-provision income (non-GAAP) and adjusted pre-tax pre-provision income (non-GAAP), as well as the adjusted efficiency ratio (non-GAAP) and the adjusted fee income ratio (non-GAAP) to monitor performance and believes these measures provide meaningful in
Slide 17: Non-GAAP reconciliation: Adjusted Net Charge-Offs and Ratio
Non-GAAP reconciliation Adjusted Net Charge-Offs and Ratio Year-Ended For the Quarter Ended ($ amounts in millions) 2022 2021 12/31/2022 9/30/2022 6/30/2022 3/31/2022 12/31/2021 Net loan charge-offs (GAAP) $263 $204 $69 $110 $38 $46 $44 Less: charge-offs associated with the sale of unsecured consume
Slide 18: Non-GAAP reconciliation: Pre-tax pre-provision income
Non-GAAP reconciliation Pre-tax pre-provision income (PPI) Year Ended Quarter Ended ($ amounts in millions) 2022 12/31/2022 9/30/2022 6/30/2022 3/31/2022 12/31/2021 4Q22 vs. 3Q22 4Q22 vs. 4Q21 Net income available to common shareholders (GAAP) $ 2,146 $ 660 $ 404 $ 558 $ 524 $ 414 $ 256 63.4 % $ 246
Slide 19: Non-GAAP reconciliation: NII, non-interest income/expense, efficiency ratio
Non-GAAP reconciliation NII, non-interest income/expense, and efficiency ratio Twelve Months Ended December 31 ($ amounts in millions) 2022 2021 2022 vs. 2021 Non-interest expense (GAAP) A $ 4,068 $ 3,747 $ 321 8.6 % Adjustments: Contribution to the Regions Financial Corporation foundation — (3) 3 1
Slide 20: 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. The words “future,” “anticipates,” “assumes,” “intends,” “plans,” “seeks,” “believes,” “predicts,” “potential,” “objectiv
Slide 21: Forward-looking statements (continued)
Forward-looking statements (continued) • Our inability to keep pace with technological changes, including those related to the offering of digital banking and financial services, could result in losing business to competitors. • Changes in laws and regulations affecting our businesses, including leg
Slide 22: Forward-looking statements (continued)
Forward-looking statements (continued) • The effects of man-made and natural disasters, including fires, floods, droughts, tornadoes, hurricanes, and environmental damage (specifically in the Southeastern United States), which may negatively affect our operations and/or our loan portfolios and incre
Slide 23: Regions
Ma REGIONS