Regions Financial Corporation · NYSE:RF
Regions Financial — Q1 2026 Earnings Presentation
39 slides from Regions Financial's earnings presentation, May 5, 2026
Slide 1: 1st Quarter Earnings
Exhibit 99.3 1st Quarter Earnings April 17, 2026
Slide 2: 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 $0.62 • Sustained strong m
Slide 3: Loans
Loans Poised for continued growth Average Loans & Leases ($ in billions) QoQ Highlights & Outlook $96.1 $95.7 $96.4 • Avg loans grew 1% while ending loans increased 2%, $33.0 $32.6 $32.4 reflecting improving demand and line utilization • Avg business loans increased 2%, while average consumer loans
Slide 4: Deposits
Deposits Disciplined deposit growth with improving mix and costs Average Deposits by Segment ($ 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 $40.7 • Avg deposits increased modestly, while ending 1.40% balances increased ~1%, driven by normal se
Slide 5: NII & Margin Performance
NII & Margin Performance Well protected margin with NII growth from balance sheet repricing and expansion FTE NII and NIM ($ in millions) 1Q NII and NIM Drivers $1,206 $1,294 $1,261 • NII decreased 2.6% QoQ; NIM decreased 3bps to 3.67% • NII decline primarily attributable to: 3.70% 3.67% ◦ Two fewer
Slide 6: 2026 NII Expected Range and Assumptions
2026 NII(1) Expected Range and Assumptions NII expected to grow in 2026 under a wide range of possible outcomes Expectation: Full-year 2026 NII to grow between 2.5 – 4%, with fixed- Net Interest Income Trend ($M) rate asset turnover, funding cost management, and loan growth as the Anticipated contin
Slide 7: 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 $590 • NIR decreased 2% on both a reported and adjusted(1) basis • Service charges remained stable, as record Treasury Management fees, up 6% linked-q
Slide 8: Non-Interest Expense
Non-Interest Expense Non-Interest Expense Adj. Non-Interest Expense(1) ($ 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 9: 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 10: 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 11: 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 12: 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 13: Appendix
Appendix
Slide 14: 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 15: Investments in Our Businesses
Investments in Our Businesses Investments in talent, technology and strategic acquisitions continue to pay off Corporate Consumer Wealth • Maintained competitive deposit rates driving • 1Q26 average Loan balances up 1.5% YoY; balance growth of 1.1% YoY while preserving • NIR up 8% YoY, from continue
Slide 16: 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 17: 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 18: 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 19: 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 20: 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 21: 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 22: 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 23: 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 24: 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 25: Consumer Lending Portfolio
Consumer Lending Portfolio Consumer FICO Scores(1) • Consumer Credit Card Home Equity • Avg. origination FICO 773 • Avg. origination FICO 761 2% 17% 5% • 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 $35,680 81% 55% 75
Slide 26: NDFI & Private Credit - Stable Composition and Solid Credit Quality
NDFI & Private Credit - Stable Composition and Solid Credit Quality Diversified, investment-grade portfolios aligned with Regions' core markets and industries Consumer Credit & Mortgage NDFI QoQ Balance Changes ($MM) Intermediaries (6%) 4Q 2025 $11,912 Reclassifications(3) $522 New Loans(4) $312 Pri
Slide 27: Allowance for Credit Losses
Allowance for Credit Losses QoQ Highlights ($ 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 $(25) 1.6
Slide 28: Base R&S Economic Outlook
Base R&S Economic Outlook (As of March 2026) Pre-R&S period 1Q2026 2Q2026 3Q2026 4Q2026 1Q2027 2Q2027 3Q2027 4Q2027 1Q2028 Real GDP, annualized % change 2.8 % 1.9 % 2.1 % 2.6 % 2.3 % 2.1 % 2.1 % 2.0 % 2.1 % Unemployment rate 4.4 % 4.4 % 4.4 % 4.3 % 4.3 % 4.2 % 4.2 % 4.1 % 4.1 % HPI, year-over-year %
Slide 29: Allowance Allocation
Allowance Allocation Regions "Day 1" CECL ACL ratio on 1/1/2020 was 1.71%. The company has executed a number of de-risking strategies that have improved the overall loan portfolio. Taking the 1Q26 loan portfolio and applying the "Day 1" ACL rates would produce a proforma Day 1 ACL ratio of 1.62%. As
Slide 30: Non-GAAP Information
Non-GAAP Information Management uses pre-tax pre-provision income (non-GAAP), adjusted pre-tax pre-provision income (non-GAAP), the adjusted efficiency ratio (non-GAAP), the adjusted fee income ratio (non-GAAP), return on average tangible common shareholders' equity (non-GAAP), adjusted return on av
Slide 31: Non-GAAP Reconciliation
Non-GAAP Reconciliation Tangible Common Ratios As of and for Quarter Ended ($ 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 32: 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 33: 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 34: 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 35: 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 36: 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 37: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This presentation, the related earnings release, 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
Slide 38: 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
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