Regions Financial Corporation · NYSE:RF
Regions Financial — Q1 2026 Earnings Presentation
85 slides from Regions Financial's earnings presentation, Apr 17, 2026
Slide 1: Investor Information
Exhibit 99.1 Investor Information May - June Internal Use
Slide 2: Table of Contents
Table of Contents Topic Page # Profile and Strategy 3-12 Asset / Liability Management 13-25 Fees & Expenses 26-33 Business Segment Highlights 34-41 Loans & Deposits 42-53 Capital, Debt & Liquidity 54-59 Investments in Tech, Digital, & Ops 60-63 Credit 64-70 Near-Term Expectations 71 Appendix & Forwa
Slide 3: Longstanding Strategic Priorities
Longstanding Strategic Priorities Soundness Profitability Growth Relentless focus on: Committed to: Strategically Investing in: • Client selectivity • Diversified Revenue Streams • Above median organic loan & deposit growth over the last 5 yrs vs. peers(1) • Credit Risk Management • Appropriate Risk
Slide 4: Attractive Footprint and Strong Brand Presence
Attractive Footprint and Strong Brand Presence 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 Choice Strong
Slide 5: Building on Our Success
Building on Our Success 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 maintaining adv
Slide 6: Investing in People and Technology
Investing in People and Technology Expanding talent and capabilities in markets with greatest opportunity Investing in Banker Expansion Investments in Technology Personalization Powered by AI 3-Year Associate Impact • Hiring ~170 incremental bankers across Middle Market, Small ☑ CashFlowIQ ☑ Regions
Slide 7: Regions Honored for Extraordinary Excellence in 2025
Regions Honored for Extraordinary Excellence in 2025 In 2026, Regions Bank was again named a Regions recognized as a gold winner of the Regions is proud to be rated No. 1 in customer Gallup Exceptional Workplace Award Winner Regions Bank was ranked 1st among regional banks in JD 2025 Datos Impact Aw
Slide 8: Regions' Consistent Outperformance
Regions' Consistent Outperformance 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) 2.47% 2.30% 2.31% 2.19% 2.18% 2.09% 1.97% 1.99% 1.95% 1.92% 1.90% 1.89% 1.96% 1.83% 1.79% 1.7
Slide 9: Leading with Consistently Strong Growth Metrics
Leading with Consistently Strong Growth Metrics Supports a higher P/E multiple Peer Leading ROATCE(1) For 5 Straight Years Rank: 1 Rank: 1 24.1% Rank: 1 21.4% 21.9% Rank: 1 Rank: 1 Rank: 1 17.6% 17.8% 18.2% 18.3% 14.9% 12.9% 18.1% 12.0% 16.0% 16.1% 10.3% 14.4% 15.0% 14.4% 15.1% 9.2% 13.3% 9.0% 9.7%
Slide 10: Total Shareholder Return
Total Shareholder Return Strong track record of Shareholder Returns 3 Year Total Shareholder Return 5 Year Total Shareholder Return 129% 126% 116% 96% 96% 91% 91% 73% 89% 84% Peer Median: 89% 68% 60% 60% 55% 49% 42% Peer Median: 42% 66% 61% 33% 60% 59% 28% 25% 24% 17% 43% 40% —% 4 10 12 10 3 RF 1 7
Slide 11: Above Median Organic Loan and Deposit Growth
Above Median Organic Loan and Deposit Growth Consistent, disciplined growth 5 Yr Loan Growth excl. Bank M&A 14% 14% 10% 10% 9% 6% 5% 3% 3% 2% Peer Median: 3% 2% (1)% (2)% (5)% 3 11 6 2 10 5 1 9 4 13 8 RF 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 Yr Deposit
Slide 12: First Quarter Overview
First Quarter Overview Continue to deliver consistent, sustainable long-term performance Key Performance Metrics 1Q26 Highlights • Consistently generating top-quartile returns in our peer Net Income Available to Common Shareholders $539M group(2) Diluted Earnings Per Share $0.62 • Sustained strong m
Slide 13: NII & Margin Performance
NII & Margin Performance Well protected margin with NII growth from balance sheet repricing and expansion FTE NII and NIM ($ in millions) 1Q NII and NIM Drivers $1,206 $1,294 $1,261 • NII decreased 2.6% QoQ; NIM decreased 3bps to 3.70% 3.67% 3.67% 3.52% • NII decline primarily attributable to: ◦ Two
Slide 14: 2026 NII Expected Range and Assumptions
2026 NII(1) Expected Range and Assumptions NII expected to grow in 2026 under a wide range of possible outcomes Expectation: Full-year 2026 NII to grow between 2.5 – 4%, with fixed- Net Interest Income Trend ($M) rate asset turnover, funding cost management, and loan growth as the Anticipated contin
Slide 15: NII Positioning for Changing Rate Environment
NII Positioning for Changing Rate Environment Mostly "neutral" interest rate risk position protected from fed funds changes; reduced long-end rate sensitivity Sensitivity to short-term rates Sensitivity to middle/long-term rates Floating Rate Balance Sheet Exposure(1) ($B) Future NII Benefit from Fi
Slide 16: Balance Sheet Profile
Balance Sheet Profile (As of March 31, 2026) Portfolio Compositions Assets(1) Loans(2)(3) • Balance sheet position naturally benefits from Fixed Hedges higher interest rates (i.e. asset sensitive), 23% Other supported by 14% Cash ◦ Large floating rate loan mix 5% Floating $161B Loans $98B 33% ◦ Larg
Slide 17: 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% 89% 87% 85% 84% 82% 81% Peer Median: 81% 80% 79% 78% 2.33 2.24 Peer Me
Slide 18: Interest-Bearing Deposit Pricing
Interest-Bearing Deposit Pricing Interest-bearing Deposit Cost vs. Peers(1) CD Maturities (as of 3/31/2026)(2) 5.50% 6.00% Int-Bearing Deposit Rates 5.00% 4.50% 3.4% 3.75% 3.2% 4.00% 2.85% 2.9% 2.50% 2.48% 3.00% 2.15% 2.6% $5.1 2.00% 1.03% 2.31% 2.02% $2.9 $2.5 $0.6 1.00% 1.72% —% 0.82% 2Q26 3Q26 4Q
Slide 19: Interest-Bearing Deposit Mix
Interest-Bearing Deposit Mix Composition of deposit book affords ability to maintain cost advantage under a range of market rate outcomes; When combined with hedges, creates a well protected margin Interest-bearing Deposits: $91.8B % of 1Q26 Ending Interest-Bearing Deposits (labels represent % of IB
Slide 20: Deposit Advantage Key to Franchise Value
Deposit Advantage Key to Franchise Value Above median deposit growth & disciplined pricing 5 Year Deposit Growth vs Current Deposit Costs(1) Net Interest Margin vs. Peers(1) 20% 3.90% RF 3.67% 3.61% 3.54% Avg. Total Deposit Growth 10% 3.36% Peer Median 3.24% 3.21% 3.10% 3.10% 3.13% 2.99% 3.00% 2.85%
Slide 21: 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 Through the Interest Rate Cycle Rising Rates Pandemic Maintai
Slide 22: Hedging Strategy Update
Hedging Strategy Update Mostly "neutral" rate risk position protects margin & decreases capital volatility Asset Hedge Notional Receive-Fixed, Cash Flow Swaps - (Quarterly Avg) (Annual Avg) Loans Pay-Fixed, Fair Value Swaps - AFS Securities Net Asset Swap Position(1) Cash Flow Collars - Loans(2) 1Q2
Slide 23: Securities Portfolio
Securities Portfolio Provides downside rate protection/liquidity • Portfolio constructed to protect against changes in market rates Securities Portfolio Composition(1) ◦ Duration of ~3.9 years (AFS ~3.5 years) as of 3/31/2026; provides offset to long- duration deposit book Corp Bonds HTM, 17% Agency
Slide 24: Securities Portfolio - AOCI Management
Securities Portfolio - AOCI Management Positioned to manage level/exposure lower over time • AOCI associated with unrealized securities gains/ losses is expected to be included as Adj. AOCI in CET1 as % of Risk Weighted Assets(2) a part of CET1 once B3E rules are finalized (with phase in) 12/31/2025
Slide 25: Securities Portfolio - Repositioning
Securities Portfolio - Repositioning Provides efficient use of capital/downside rate protection Multiple, distinct securities repositioning strategies occurred in 2024, Rationale for Securities Repositioning 2025, and 2026 Efficient Capital Use Portfolio Management Favorable Market • Sold mostly sho
Slide 26: Non-Interest Income
Non-Interest Income Non-Interest Income Adj. Non-Interest Income(1) ($ in millions) ($ in millions) QoQ Highlights & Outlook $640 $625 $615 $640 $625 $590 • NIR decreased 2% on both a reported and adjusted(1) basis • Service charges remained stable, as record Treasury Management fees, up 6% linked-q
Slide 27: Track Record of Expanding Fee-Based Services
Track Record of Expanding Fee-Based Services Adjusted Non-Interest Income(1) Proven Non-Interest Income Resiliency ($ in millions) Diversified revenue growth through expanded $2,585 fee-based services $2,001 Capital Markets • Since re-launch of products in 2014, expanded the business through: ◦ Orga
Slide 28: Capital Markets
Capital Markets Growing products & services that our clients value Capital Markets Product Solutions Capital Markets Annual Revenue (Ex. CVA/DVA)(1) $354 $350 $323 $303 $263 $272 $201 $188 $151 $159 Mergers & Acquisitions Real Estate $101 $65 $83 • M&A Advisory Services • Multi-family loan originati
Slide 29: Treasury Management
Treasury Management Clients optimize cash flow and manage risk with Treasury Management solutions Steadily Growing our Treasury Management Business +4% Treasury Management Revenue(1) +6% Portfolio of Treasury Management Clients(2) Continually Investing in Technology +11% Digital, Payment & Integrate
Slide 30: Wealth Management
Wealth Management Specialized expertise and tailored investment guidance to manage and grow wealth Wealth Management NIR(1) ($ in millions) Growing our Wealth Management Business(2) 9.1% CAGR +8% Total Client Assets(3) $544 $419 $451 $495 +8% Total WM Relationships(4) $382 $182 $322 $337 $138 $157 $
Slide 31: Mortgage
Mortgage Remains a key component of fee revenue Mortgage Income ($ in millions) Strong Performance • Mortgage Income: $32M 1Q26; $158M FY25 $333 • Portfolio 757 Avg. FICO | 53% current LTV • $410K Avg. New Loan Size • Production aligned with market in percentage of purchase production volume at 61%
Slide 32: Non-Interest Expense
Non-Interest Expense Non-Interest Expense Adj. Non-Interest Expense(1) ($ in millions) ($ in millions) $1,039 $1,098 $1,068 $1,035 $1,112 $1,068 QoQ Highlights & Outlook • NIE decreased 3% on a reported basis and 4% on an adjusted(1) basis 57.5% 57.9% 56.8% 56.6% 56.8% 56.6% • Salaries & benefits re
Slide 33: Efficiency Ratio vs. Peers
Efficiency Ratio vs. Peers 1Q26 Efficiency Ratio vs. Peers FY 2025 Efficiency Ratio vs. Peers 65.2% 65.5% 64.4% 63.7% 63.4% 62.6% 61.4% 61.6% 60.4% 59.5% 59.7% 59.8% 58.4% 58.5% 57.8% 57.0% 57.4% 57.3% 56.7% 56.9% 56.9% 56.2% 56.2% 56.4% 56.0% 55.3% 54.6% 51.1% Peer 1 Peer 2 Peer 3 RF Peer 4 Peer 5
Slide 34: Diversified Lines of Businesses
Diversified Lines of Businesses Consumer Bank Corporate Bank Wealth Management • Retail Banking Services • Commercial ◦ Deposit • Corporate & Institutional • Private Wealth Investment Management, ◦ Debit & Credit Card ◦ Corporate Banking & Trust Services ◦ Home Equity ◦ Real Estate ◦ Secured & Unsec
Slide 35: Consumer Bank
Consumer Bank High Performing, Proven Consumer Business Creating Value for Customers and Shareholders 10,342 1,246 1,779 How our model wins Associates Branches ATMs 1 Primacy-based acquisition strategy 2 Industry leading customer leads to granular, low cost deposits experience across channels delive
Slide 36: Consumer Banking Group
Consumer Banking Group Driving growth and customer engagement through strategic investments Continuing to Deliver Delivering Solid Customer Strategic Investments Strong Results Satisfaction & Loyalty Across The Business Launched ARC (Automated Refinance Calculator) Maintained competitive deposit rat
Slide 37: Branch Network Strategy
Branch Network Strategy Delivering a world-class branch experience through targeted growth Targeted Expansion and Network Optimization Strategic Priorities Investing in High-Growth Priority Markets • Leverage advanced geospatial analytics to prioritize high-growth micro-markets within the existing 1
Slide 38: Corporate Banking Group
Corporate Banking Group A diversified engine for growth and long-term performance 62,121 2,761 170 How our model wins and differentiates us Client Relationships (1) Associates (1) Local Offices Out-Local National Banks Clients Coverage Commercial Banking (2) Local and Dedicated Relationship Our stra
Slide 39: Corporate Banking Group
Corporate Banking Group Driving continued long-term performance for our clients & our shareholders Soundness Profitability Growth Active credit risk and portfolio management Total Revenue increased 6% vs prior year, driven by Delivering full cash conversion and balance-sheet remains a top priority g
Slide 40: Wealth Management
Wealth Management Specialized expertise and tailored investment guidance to manage and grow wealth 1,262 232K $185.2B Associates Total Relationships (1) Total Client Assets Mass & Mass Investment Affluent 201K Accounts All figures as of 1Q26 Outperforming Our Peers Services $0 - $500K NIR Growth Out
Slide 41: Wealth Management Group
Wealth Management Group Focus on execution & investments to optimize the client and associate experience Customer Experience & Strategic Investments & Delivered Strong Results Communication Data Analytics Expanded the Voice of the Client program for Investment Solutions — fielded more than 11,000 Co
Slide 42: Loans
Loans Poised for continued growth Average Loans & Leases ($ in billions) QoQ Highlights & Outlook $96.1 $95.7 $96.4 • Avg loans grew 1% while ending loans increased 2%, $33.0 $32.6 $32.4 reflecting improving demand and line utilization • Avg business loans increased 2%, while average consumer loans
Slide 43: 1Q26 Average Loan Composition
1Q26 Average Loan Composition Average Consumer Loans Average Business Loans ($ in billions) ($ in billions) $1.9 $1.5 $7.4 $5.7 $0.2 $4.9 $32.4B $64.0B $5.5 $19.7 $49.6 Mortgage Home Equity Other Consumer Consumer Credit Card Commercial and Industrial CRE Mortgage - OO CRE Construction - OO IRE - Mo
Slide 44: Consumer Lending Portfolio
Consumer Lending Portfolio Consumer FICO Scores(1) • Consumer Credit Card Home Equity • Avg. origination FICO 773 • Avg. origination FICO 761 2% 2% 2% • Avg. new line $9,398 • Current LTV 39% • 1Q26 Yield 14.00% • 56% of portfolio is 1st lien • 1Q26 QTD NCO 4.17% • Avg. loan size $35,680 68% 78% 81%
Slide 45: Ascentium & Home Improvement Financing
Ascentium & Home Improvement Financing 1Q26 Ascentium Capital Home Improvement Financing 1Q Average Balances $2.7B $4.8B 1Q Portfolio Yield 8.5% 7.8% 1Q Going-on Yield 9.3% 9.0% 1Q NCOs 2.05% 1.82% Ascentium Capital(1) Home Improvement Financing(2) Origination Growth Credit • Since acquisition, Asce
Slide 46: Highly Diversified Business Portfolio
Highly Diversified Business Portfolio (Outstanding balances as of March 31, 2026) Healthcare All Other Commercial 5.6% 3.5% Distribution Investor Real Estate 7.1% 14.7% Business Services 7.1% Utilities 3.6% Agriculture $65.7B(1) .3% Financial Services Energy 13.7% 2.6% Manufacturing 7.8% (2) Technol
Slide 47: NDFI & Private Credit - Stable Composition and Solid Credit Quality
NDFI & Private Credit - Stable Composition and Solid Credit Quality Diversified, investment-grade portfolios aligned with Regions' core markets and industries Consumer Credit & Mortgage NDFI QoQ Balance Changes ($MM) Intermediaries (6%) 4Q 2025 $11,912 Reclassifications(3) $522 New Loans(4) $312 Pri
Slide 48: Commercial Real Estate
Commercial Real Estate (Outstanding balances as of March 31, 2026) Highly Diversified Portfolio Key Portfolio Metrics REITs within Total: (IRE including Unsecured CRE) • Unsecured loans for RE purposes generally have low Data Center leverage, with strong access to liquidity 11% Diversified Res. Home
Slide 49: CRE - Office Portfolio
CRE- Office Portfolio (Outstanding balances as of March 31, 2026) Key Portfolio Metrics(1) Investor Real Estate Office Portfolio Overview Balances $907 % of Total Loans 0.9% 15% 18% NPL $98 54% 46% 85% 82% NPL / Loans 10.8% Charge-offs $1 Class A Class B Multi-Tenant Single Tenant Suburban Urban Cha
Slide 50: Transportation - Trucking
Transportation - Trucking (Outstanding balances as of March 31, 2026) Key Portfolio Metrics(1) Ongoing Portfolio Surveillance Balances $1,141 • While the year began with stable freight volumes and a constructive pricing environment, suggesting the multi-year freight recession may be coming to an end
Slide 51: Deposits
Deposits Disciplined deposit growth with improving mix and costs Average Deposits by Segment ($ in billions) $127.7 $129.9 $130.2 $3.1 $2.4 $2.1 $7.8 QoQ Highlights & Outlook $7.6 $7.8 $38.3 $40.2 $40.7 • Avg deposits increased modestly, while ending 1.40% balances increased ~1%, driven by normal se
Slide 52: Diversified Deposit Base
Diversified Deposit Base Insured/Uninsured Deposit Mix(1)(2) Retail Uninsured $8.8 Other $0.5 • ~71% of Total Deposits are covered by FDIC insurance or Wholesale Non-Operational Uninsured $12.8 are collateralized (Public Funds or Trust) Less Stable • No single depositor exceeds 1% of total deposits
Slide 53: 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) 68% 62% 62% 61% 59% 54% 53% 57% 56% 50% 49% 55% 55% 54% 52% 47% 47% 47% 46% 45% 51% 51% 43% 42% 48% 40% 40% 40% Peer RF Peer Peer Peer Peer Peer
Slide 54: Capital and Liquidity
Capital and Liquidity Managing capital flexibility to support growth and shareholder returns Tier 1 Capital Ratio(1) 12.2% 12.0% 11.7% QoQ Highlights & Outlook 1Q25 4Q25 1Q26 • Declared 1Q common dividends of $227M and executed $401M in share repurchases Common Equity Tier 1 Ratio(1) • Dividend payo
Slide 55: CET1 Under Basel III Endgame (B3E)
CET1 Under Basel III Endgame (B3E) B3E Update • In March, the Federal Reserve released a notice of proposed rulemaking (NPR) to implement B3E which, as expected, would include AOCI in Regulatory Capital • 1Q CET1 adjusted to include AOCI is estimated to be 9.4%(1)(2) ◦ In the near term, expect to ma
Slide 56: Capital Strength
Capital Strength 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% 11.92% 11.53%
Slide 57: Tangible Book Value Growth plus Dividends
Tangible Book Value Growth plus Dividends 3 and 5 yr CAGR excluding AOCI 3 Yr CAGR of TBV + Dividends 5 Yr CAGR of TBV + Dividends Peer 1 56.9% Peer 1 74.9% Peer 2 19.6% RF 18.4% Peer 3 16.6% Peer 9 18.3% RF 15.5% Peer 2 17.3% Peer 4 14.9% Peer 8 16.0% Peer 5 14.9% Peer 3 15.3% Peer 6 14.4% Peer 5 1
Slide 58: Driving Shareholder Value
Driving Shareholder Value Peer-leading dividend growth while actively managing share count 5 Yr Dividend Growth CAGR Post-Financial Crisis Maximum 1Q26 Shares Shares Peer 1 34.9% Period Outstanding Outstanding Decline (MM) (MM)(1) Peer 2 13.1% RF 1Q13 1,423 868 (39.0)% RF 11.3% Peer 6 1Q17 211 147 (
Slide 59: 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 60: Empowered by Data & Innovation
Empowered by Data & Innovation Regions remains competitive by reserving ~10-12% of revenue for technology spend Modernization and Innovation Next Gen Platforms AI-Driven Analytics Technology Practices / Modern Authentication Enterprise Data Ways of Working Modernization AI / ML Models that support c
Slide 61: Core Modernization Benefits
Core Modernization Benefits Enhancing Strategic Capabilities ☑ Drive Growth Enable faster product and pricing deployment, enhance marketing through advanced analytics, and expand partnerships with leading financial service providers. ☑ Advance Strategic Focus Prioritize forward-looking initiatives i
Slide 62: Harnessing GenAI
Harnessing GenAI Foundational Building for Future Growth Generative AI Patterns Drivers to Prioritize AI Use Active Generative AI Use Cases Objective: Significant Value from GenAI GenAI Use Cases will be categorized • Increase Efficiency Compliance Assistance by Patterns • Secure Revenue Increase AI
Slide 63: Growth in Digital
Growth in Digital Digital Usage Transactions Customer Satisfaction Consumer Checking Account Acquisitions Mobile Banking Active Users (Millions)(1) by Channel(4) Mobile App +4% Average 4.9 out 2% 2% 1% of 5 rating from 2.61 2.69 2.70 81% 74% 72% iOS app store Digital users Branch Contact Center 17%
Slide 64: 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 65: 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% 0.54% 0.50% —% 13 20 4Q 22 26 1Q 1Q 1Q Non-Performing Loans 2.50% 2.00% Average Pre-Pandemic Average Pandemic 1.07% 0.64% 1.50% 1.00% 0.71% 0.50% —% 13 20 22 26 1Q 1Q 4Q 1Q • Net charg
Slide 66: Historical Credit Profile
Historical Credit Profile Commercial Net Charge-Offs(1) 1.00% Average Pre-Pandemic Average Pandemic 0.27% 0.25% 0.50% 0.50% —% 13 20 22 26 1Q 1Q 4Q 1Q 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% 0.63% 0.50% —% 13 20 22 26 1Q 1Q 4Q
Slide 67: Asset Quality
Asset Quality Credit performance improving; metrics tracking favorably Net Charge-Offs(1) Non-Performing Loans (NPLs)(1) $142 $123 $130 $843 $698 $692 0.52% 0.59% 0.54% 0.88% 0.73% 0.71% 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 NCOs NCOs Ratio NPLs - excluding LHFS NPL/Loans QoQ Highlights & Outlook Allowance
Slide 68: Allowance for Credit Losses
Allowance for Credit Losses QoQ Highlights ($ in millions) • 1Q allowance decreased $39M compared to the prior quarter, resulting in a $91M provision expense. The $1,686 $17 $1,647 decrease in the ACL and an increase in loan balances $(31) resulted in a reduction in the ACL % from 1.76% to $(25) 1.6
Slide 69: Base R&S Economic Outlook
Base R&S Economic Outlook (As of March 2026) Pre-R&S period 1Q2026 2Q2026 3Q2026 4Q2026 1Q2027 2Q2027 3Q2027 4Q2027 1Q2028 Real GDP, annualized % change 2.8 % 1.9 % 2.1 % 2.6 % 2.3 % 2.1 % 2.1 % 2.0 % 2.1 % Unemployment rate 4.4 % 4.4 % 4.4 % 4.3 % 4.3 % 4.2 % 4.2 % 4.1 % 4.1 % HPI, year-over-year %
Slide 70: 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 1Q26 loan portfolio and applying the "Day 1" ACL rates would produce a proforma Day 1 ACL ratio of 1.62%. As
Slide 71: 2026 Expectations
2026 Expectations FY 2026 Expectations Expectations for 2Q26 & FY26 Net Interest Income up 2.5 – 4% (3) (vs. 2025 of $4,991) • 2Q26 NII to increase ~2% vs 1Q26(3) Adjusted Non-Interest Income up 3 – 5%(2) • 2Q26 NIM in the mid to high 3.60%s, exiting (vs. adjusted 2025 total of $2,585)(1) the year i
Slide 72: Appendix
Appendix Internal Use
Slide 73: Non-GAAP Information
Non-GAAP Information Management uses pre-tax pre-provision income (non-GAAP), adjusted pre-tax pre-provision income (non-GAAP), the adjusted efficiency ratio (non-GAAP), the adjusted fee income ratio (non-GAAP), return on average tangible common shareholders' equity (non-GAAP), adjusted return on av
Slide 74: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Tax Pre-Provision Income (PPI) Less Charge-Offs to Risk-Weighted Assets Quarter Ended Year Ended ($ amounts in millions) 3/31/2026 2025 2024 2023 2022 2021 2020 2019 Net income available to common shareholders (GAAP) $ 539 $ 2,061 $ 1,774 $ 1,976 $ 2,146 $ 2,400 $ 991 $ 1
Slide 75: Non-GAAP Reconciliation
Non-GAAP reconciliation Return on Average Tangible Common Shareholders' Equity Quarter Ended Year Ended ($ amounts in millions) 3/31/2026 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 $ 539
Slide 76: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible Common Ratios As of and for Quarter Ended ($ amounts in millions, except per share data) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 TANGIBLE COMMON RATIOS Shareholders’ equity (GAAP) A $ 18,779 $ 19,043 $ 19,049 $ 18,666 $ 18,530 Less: Preferred stock (GAAP)
Slide 77: Non-GAAP Reconciliation
Non-GAAP Reconciliation Net Income Available to Common Shareholders, Adjusted Diluted EPS, and Return Ratios Quarter Ended ($ amounts in millions) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 1Q26 vs. 4Q25 1Q26 vs. 1Q25 Net income available to common shareholders (GAAP) A $ 539 $ 514 $ 548 $ 5
Slide 78: Non-GAAP Reconciliation
Non-GAAP Reconciliation Pre-Tax Pre-Provision Income (PPI) Quarter Ended ($ amounts in millions) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 1Q26 vs. 4Q25 1Q26 vs. 1Q25 Net income available to common shareholders (GAAP) $ 539 $ 514 $ 548 $ 534 $ 465 $ 25 4.9 % $ 74 15.9 % Preferred dividends
Slide 79: Non-GAAP Reconciliation
Non-GAAP Reconciliation NII, Non-Interest Income/Expense, and Efficiency Ratio Quarter Ended ($ amounts in millions) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 1Q26 vs. 4Q25 1Q26 vs. 1Q25 Non-interest expense (GAAP) A $ 1,068 $ 1,098 $ 1,103 $ 1,073 $ 1,039 $ (30) (2.7)% $ 29 2.8 % Adjustmen
Slide 80: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-Interest Income Year Ended ($ amounts in millions) 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Non-interest income (GAAP) $ 2,535 $ 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
Slide 81: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-Interest Expense Twelve Months Ended December 31 ($ amounts in millions) 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Non-interest expense (GAAP) $ 4,313 $ 4,242 $ 4,416 $ 4,068 $ 3,747 $ 3,643 $ 3,489 $ 3,570 $ 3,491 $ 3,483 Adjustments: FDIC insurance special asses
Slide 82: Non-GAAP Reconciliation
Non-GAAP Reconciliation CET1- inclusive of AOCI(4) Quarter Ended ($ amounts in millions) 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 CET1 RATIOS Common Equity Tier 1(1) A $ 13,419 $ 13,490 $ 13,620 $ 13,533 $ 13,355 Adjustments: AOCI gain (loss) on securities(2) (1,172) (1,076) (1,241) (1,485
Slide 83: 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 84: Forward-Looking Statements (continued)
Forward-Looking Statements (continued) • Weather-related events, pandemics and other natural or man-made disasters could cause a disruption in our operations or lead to other consequences that could adversely impact our financial results and condition. These impacts could be intensified by climate c
Slide 85: Internal Use
Internal Use