Regions Financial Corporation · NYSE:RF
Regions Financial — Q3 2026 Earnings Presentation
36 slides from Regions Financial's earnings presentation, Oct 16, 2026
Slide 1: 3rd Quarter Earnings
3rd Quarter Earnings October 16, 2026 Exhibit 99.3
Slide 2: Highlights: Third Quarter Overview
2 Highlights • Proven history of consistently generating best-in-class returns in our peer group(2) • Investing in talent, technology, products, and key markets to strengthen long-term competitiveness • Maintaining strong credit quality while actively managing risk • Record Capital Markets revenue (
Slide 3: QoQ Highlights & Outlook: Loans
3 QoQ Highlights & Outlook • Avg and ending loans increased modestly • Avg business loans increased 1%, while avg consumer loans declined modestly • Broad-based C&I lending activity continued to drive growth, led by government & public sector and wholesale & financial services • Growth remained conc
Slide 4: QoQ Highlights & Outlook: Deposits
4 QoQ Highlights & Outlook • Avg and ending deposits decreased modestly, primarily reflecting activity from a few large commercial relationships and expected seasonal public funds outflows • Underlying commercial trends remain healthy, supported by growth in new accounts and commercial non-interest-
Slide 5: NII & Margin Performance
5 • 4Q26 NII expected to increase 1 – 2%(5) vs 3Q26, supported by higher rates, structural repricing, deposit cost discipline, balance sheet growth, and the seasonal HR asset dividend • 4Q26 NIM expected to be ~3.70% $1,277 $1,298 NII & Margin Performance Well protected NII & margin; growth from bal
Slide 6: QoQ Highlights & Outlook: Non-Interest Income
6 QoQ Highlights & Outlook • NIR increased 7% on a reported basis and 3% on an adjusted(1) basis • Record Capital Markets revenue (Ex CVA/DVA) increased 23%, driven by stronger M&A advisory activity, securities underwriting & placement fees, commercial swap income, and syndications revenue; 4Q reven
Slide 7: QoQ Highlights & Outlook: Non-Interest Expense
7 QoQ Highlights & Outlook • NIE was relatively stable on both a reported and adjusted(1) basis • S&B remained well controlled, as increases in base salaries and revenue-based incentives were offset by lower market value adjustments for supplemental employee benefit liabilities • Continued investmen
Slide 8: Asset Quality Trends
8 QoQ Highlights & Outlook • 3Q annualized NCOs decreased 13bps to 29bps • NPL ratio declined 8bps to 59bps, while the business services criticized ratio declined 30bps to 4.71% of business loans • Provision of $68M; ACL ratio declined 2bps to 1.61%; NPL coverage remained strong at 275% • Continue t
Slide 9: Capital and Liquidity
9 QoQ Highlights & Outlook • Declared 3Q common dividends of $255M and executed $95M in share repurchases • Dividend payout target of 40-50% of earnings • Common book value per share of $19.38 and tangible common book value per share of $12.65 • Total Liquidity Sources well above required levels as
Slide 10: Capital Flexibility
10 Capital Flexibility Consistent, sustainable capital generation and expected regulatory changes support capital levels • Regions continues to demonstrate strong organic capital generation • Basel III Endgame expected to incorporate AOCI into capital calculation and implement broad revisions to ris
Slide 11: Expectations for 4Q26 & FY26
11 Expectations for 4Q26 & FY26 • 4Q26 NII expected to increase 1 – 2% vs 3Q26(3) • 4Q26 NIM expected to be ~3.70%(3) • Expect Capital Markets revenue within the $90 – $105M range in 4Q26, with market conditions and client activity influencing results • Expect to generate FY adj. positive operating
Slide 12: Appendix
Appendix
Slide 13: Digital and customer metrics
13 (1) Total number of unique customers who have successfully authenticated and logged into the mobile app at least once within the last 90 days of the quarter. (2) Digital transactions represent online and mobile only; Non-digital transactions represent branches, contact centers and ATMs. (3) Trans
Slide 14: Business line highlights
14 • Maintained competitive deposit rates driving balance growth of 1% YoY while preserving our industry leading deposit costs of 82bps YTD • Small Business performance continues to grow; Net checking increased 1.2% YTD; lending production up 46% YTD; new merchant partnership 7% increase in referral
Slide 15: Hedging Strategy Update
15 2026 2027 2028 2029 2030 2031 2032 $23.2B $23.3B $22.0B $18.9B $17.2B $11.7B $5.6B $4.4B $4.8B $4.9B $4.9B $5.1B $5.3B $4.1B $18.8B $18.5B $17.1B $14.0B $12.1B $6.4B $1.5B (Q ua rt er ly A vg ) Asset Hedge Notional 3.11% 3.25% 3.44% 3.62% 3.61% 3.64% 3.82% 3.62% 3.69% 3.69% 3.69% 3.71% 3.72% 3.94
Slide 16: Securities portfolio
16(1) Includes AFS securities, the $1.74B unrealized AFS loss, and HTM securities as of 9/30/2026. • Portfolio constructed to protect against changes in market rates ◦ Duration of ~3.8 years (AFS ~3.5 years) as of 9/30/2026; provides offset to long-duration deposit book ◦ 27% of securities in the po
Slide 17: Historical Credit Profile
17 0.59% —% 0.50% 1.00% 1.50% 2.00% 2.50% 0.29% —% 0.50% 1.00% 1.50% 2.00% Historical Credit Profile Non-Performing Loans Total Net Charge-Offs 1Q20 3Q26 4Q221Q20 4Q22 3Q26 Average Pre-Pandemic 0.46% Average Pandemic 0.35% Average Pre-Pandemic 1.07% Average Pandemic 0.64% 1Q13 1Q13 Average Post-Pand
Slide 18: Historical Credit Profile: Consumer and Commercial Net Charge-Offs
18 0.60% —% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 0.14%—% 0.50% 1.00% Consumer Net Charge-Offs(2) Commercial Net Charge-Offs(1) 1Q20 3Q26 4Q22 1Q20 4Q22 3Q26 (1) Includes C&I, CRE - OO and IRE. (2) The spike in Consumer net charge-offs in late 2013 was associated with the move of ~$700M primaril
Slide 19: Commercial Real Estate
19 Commercial Real Estate (Outstanding balances as of September 30, 2026) Highly Diversified Portfolio (IRE including Unsecured CRE) (1) Excludes $5.4B of Owner-occupied CRE whose source of repayment are individual businesses, and whose credit performance resembles Commercial during periods of stres
Slide 20: CRE - Office Portfolio
20 CRE- Office Portfolio (Outstanding balances as of September 30, 2026) (1) $ in Millions. Amounts include IRE and CRE Unsecured loans but exclude Held For Sale loans. Metrics represent 9/30/2026 results except for charge-offs, which reflects results for the 9 months ended September 30, 2026, annua
Slide 21: Transportation - Trucking
21 Transportation - Trucking (Outstanding balances as of September 30, 2026) (1) $ in Millions. Metrics represent 9/30/2026 results except for charge-offs, which reflects results for the 9 months ended September 30, 2026, annualized, based on average balances. NPL & ACL percentages are based on Port
Slide 22: Consumer Lending Portfolio
22 Consumer Lending Portfolio • Avg. origination FICO 757 • Current LTV 52% • 99% owner occupied • 3Q26 QTD NCO 0.01% • Avg. origination FICO 763 • Current LTV 39% • 55% of portfolio is 1st lien • Avg. loan size $36,484 • $88M to convert to amortizing or balloon during 2026 • 3Q26 QTD NCO (0.02%) •
Slide 23: NDFI & Private Credit
23 $3,244 $1,549 $5,497 $1,791 $654 (1) Non-Depository Financial Institutions (NDFI) $ in Millions is an estimate and based on Call Report Schedule RC-C definition. (2) Defined as Regions' Indirect Leverage Lending, Non-Recourse ABL/Factoring, and Asset-Backed Finance to Funds or Business Developmen
Slide 24: Allowance for Credit Losses
24 QoQ Highlights • 3Q allowance was essentially flat compared to the prior quarter, decreasing $4M and resulting in a $68M provision expense. The slight decrease in the ACL and an increase in loan balances resulted in a reduction in the ACL % from 1.63% to 1.61% • The change in ACL resulted from: ◦
Slide 25: Base R&S Economic Outlook
25 Pre-R&S period 3Q2026 4Q2026 1Q2027 2Q2027 3Q2027 4Q2027 1Q2028 2Q2028 3Q2028 Real GDP, annualized % change 2.5 % 2.2 % 2.1 % 2.6 % 2.4 % 2.3 % 2.4 % 2.3 % 2.3 % Unemployment rate 4.1 % 4.2 % 4.2 % 4.1 % 4.1 % 4.1 % 4.1 % 4.0 % 4.0 % HPI, year-over-year % change 1.5 % 1.4 % 1.6 % 1.1 % 1.0 % 1.1
Slide 26: Allowance Allocation
26 As of 9/30/2026 (in millions) Loan Balance ACL ACL/Loans C&I $52,409 $669 1.28 % CRE-OO mortgage 5,072 107 2.11 % CRE-OO construction 296 6 2.01 % Total commercial $57,777 $782 1.35 % IRE mortgage 8,159 148 1.82 % IRE construction 2,052 29 1.43 % Total IRE $10,211 $177 1.74 % Residential first mo
Slide 27: Non-GAAP measures explanation
27 Management uses pre-tax pre-provision income (non-GAAP), adjusted pre-tax pre-provision income (non-GAAP), the adjusted efficiency ratio (non-GAAP), the adjusted fee income ratio (non-GAAP), return on average tangible common shareholders' equity (non-GAAP), adjusted return on average tangible com
Slide 28: Tangible common ratios
28 As of and for Quarter Ended ($ amounts in millions, except per share data) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 TANGIBLE COMMON RATIOS Shareholders’ equity (GAAP) A $ 17,847 $ 18,840 $ 18,779 $ 19,043 $ 19,049 Less: Preferred stock (GAAP) 1,369 1,369 1,369 1,369 1,369 Common shareho
Slide 29: Net Income, Adjusted Diluted EPS, and Return Ratios
29 Non-GAAP Reconciliation Net Income Available to Common Shareholders, Adjusted Diluted EPS, and Return Ratios NM - Not Meaningful Quarter Ended ($ amounts in millions) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 3Q26 vs. 2Q26 3Q26 vs. 3Q25 Net income available to common shareholders (GAAP)
Slide 30: Pre-Tax Pre-Provision Income (PPI)
30 Non-GAAP Reconciliation Pre-Tax Pre-Provision Income (PPI) Quarter Ended ($ amounts in millions) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 3Q26 vs. 2Q26 3Q26 vs. 3Q25 Net income available to common shareholders (GAAP) $ 611 $ 549 $ 539 $ 514 $ 548 $ 62 11.3 % $ 63 11.5 % Preferred divide
Slide 31: NII, Non-Interest Income/Expense, and Efficiency Ratio
31 Non-GAAP Reconciliation NII, Non-Interest Income/Expense, and Efficiency Ratio NM - Not Meaningful Quarter Ended ($ amounts in millions) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 3Q26 vs. 2Q26 3Q26 vs. 3Q25 Non-interest expense (GAAP) A $ 1,118 $ 1,121 $ 1,068 $ 1,098 $ 1,103 $ (3) (0.3)
Slide 32: Non-Interest Expense
32 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 as
Slide 33: CET1 inclusive of AOCI
33 Quarter Ended ($ amounts in millions) 9/30/2026 CET1 RATIOS Common Equity Tier 1(1) A $ 13,968 Adjustments: AOCI gain (loss) on securities(2) (1,889) AOCI gain (loss) on defined benefit pension plans and other post employment benefits (380) Common Equity Tier 1 (inclusive of AOCI)(non-GAAP) B $ 1
Slide 34: Forward-Looking Statements
34 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, may from time to time
Slide 35: Forward-looking statements risk factors
35 • 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 change. Heightening focus on climate
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