Regions Financial (NYSE: RF) lifts Q1 2026 EPS 22% on higher revenue and strong credit

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Regions Financial Corporation reported strong preliminary results for the quarter ended March 31, 2026. Net income was $559 million, with net income available to common shareholders of $539 million and diluted EPS of $0.62, up 22% from $0.51 a year earlier.

Total revenue reached $1.873 billion, an increase of 5% year over year, while pre-tax pre-provision income rose 8%. Net interest margin remained robust at 3.67%, and average loans and deposits both grew modestly. Asset quality improved, with net charge-offs at 0.54% of average loans and non-performing loans at 0.71% of total loans.

Capital and liquidity stayed solid, with an estimated CET1 ratio of 10.7% (9.4% including AOCI) and approximately $68 billion of available liquidity. The company repurchased about 14 million common shares for $401 million and declared $227 million in common dividends during the quarter.

Positive

Strong earnings and EPS growth: Net income reached $559 million and diluted EPS rose 22% year over year to $0.62, with pre-tax pre-provision income up 8% versus first quarter 2025.
Improving credit quality: Net charge-offs declined to 0.54% of average loans, non-performing loans fell to 0.71% of total loans, and business criticized loans dropped to 5.15% of business loans.
Robust capital and liquidity with sizable buybacks: Estimated CET1 ratio was 10.7%, available liquidity was about $68 billion, and the company repurchased $401 million of common stock while paying $227 million in dividends.

Negative

None.

Insights

RF posts double-digit EPS growth with stable margins and cleaner credit.

Regions Financial delivered diluted EPS of $0.62, up 22% year over year, on total revenue of $1.873B (up 5%). Pre-tax pre-provision income rose 8%, showing operating leverage as non-interest expense declined 3% sequentially while revenue grew versus last year.

Net interest margin of 3.67% remained top-tier despite a 3 bps linked-quarter decline, and loans grew, with ending balances up 2.4% versus 3/31/2025. Asset quality improved: net charge-offs were 0.54% of average loans and non-performing loans fell to 0.71% of total loans, while the allowance ratio eased to 1.68% but still covered non-performing loans 2.38x.

Capital returns were sizable: CET1 stood at 10.7% and the company repurchased $401M of stock and paid $227M in common dividends in 1Q 2026. Liquidity of about $68B covered uninsured deposits at roughly 178%. Future disclosures in subsequent filings may further detail how balance-sheet growth and credit trends evolve against this capital and liquidity backdrop.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income: $559 million Diluted EPS: $0.62 Total revenue: $1.873 billion +5 more

8 metrics

Net income $559 million Quarter ended March 31, 2026

Diluted EPS $0.62 Q1 2026, up from $0.51 in Q1 2025

Total revenue $1.873 billion Q1 2026, 5.0% higher year over year

Net interest margin 3.67% Taxable-equivalent basis, Q1 2026

Ending loans $97.926 billion As of March 31, 2026; 2.3% higher year over year

Common Equity Tier 1 ratio 10.7% Estimated as of March 31, 2026

Allowance for credit losses ratio 1.68% Loans, net of unearned income, as of March 31, 2026

Share repurchases $401 million Approx. 14 million common shares in Q1 2026

Key Terms

pre-tax pre-provision income, net interest margin (FTE), Common Equity Tier 1 ratio, allowance for credit losses, +2 more

6 terms

pre-tax pre-provision income financial

"pre-tax pre-provision income(1) increased 8 percent compared to first quarter of 2025"

Pre-tax pre-provision income is a banking measure of how much a lender earns from its normal operations before subtracting taxes and the money set aside to cover bad loans. Think of it as a car’s engine power measured before adding safety equipment and fuel costs: it shows the underlying earning strength and how much cushion the bank has to absorb future losses or support dividends. Investors use it to compare core profitability across banks and to judge resilience during credit stress.

net interest margin (FTE) financial

"supports a top-quartile 1Q26 NIM of 3.67%"

Common Equity Tier 1 ratio financial

"Common equity Tier 1 ratio (2) | 10.7"

The common equity tier 1 ratio is a measure of a bank's financial strength, showing how much high-quality core capital it has compared to its total risk-weighted assets. Think of it as a safety buffer or cushion that helps ensure the bank can withstand economic shocks. For investors, a higher ratio indicates a stronger, more resilient bank, making it a key indicator of its financial health.

allowance for credit losses financial

"Allowance for credit losses (ACL) at period end | $1,647"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

non-performing loans financial

"Non-performing loans, excluding loans held for sale/Loans, net | 0.71%"

Loans on a bank’s books where the borrower has stopped making scheduled payments for a prolonged period (commonly about 90 days), so the lender no longer expects full repayment on time. Think of them as overdue IOUs that may never be paid back; a rising level of such loans weakens a lender’s earnings and balance sheet, signals greater credit risk in the economy, and can hurt investors through lower dividends, loan losses, or declines in the lender’s stock value.

Earnings Snapshot

Total revenue: $1.873 billion

Q1 2026

Total revenue $1.873 billion +5.0% YoY

Net income $559 million +14.1% YoY (from $490 million)

Diluted EPS $0.62 +22.0% YoY (from $0.51)

Net interest margin (FTE) 3.67% +0.15 pts YoY (from 3.52%)

ROATCE 18.26% Higher than 17.72% in Q1 2025

Understanding 8-K Material Events →

04/17/2026 - 06:03 AM

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 17, 2026

REGIONS FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

001-34034

63-0589368

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1900 Fifth Avenue North

Birmingham, Alabama 35203

(Address, including zip code, of principal executive office)

Registrant’s telephone number, including area code: (800) 734-4667

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $.01 par value

New York Stock Exchange

Depositary Shares, each representing a 1/40th Interest in a Share of

5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C

RF PRC

New York Stock Exchange

Depositary Shares, each representing a 1/40th Interest in a Share of

4.45% Non-Cumulative Perpetual Preferred Stock, Series E

RF PRE

New York Stock Exchange

Depositary Shares, each representing a 1/40th Interest in a Share of

Non-Cumulative Perpetual Preferred Stock, Series F

RF PRF

New York Stock Exchange

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 if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

On April 17, 2026, Regions Financial Corporation (“Regions”) issued a press release announcing its preliminary results of operations for the quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1. Supplemental financial information for the quarter ended March 31, 2026 is attached as Exhibit 99.2. Each of Exhibits 99.1 and 99.2 are incorporated herein by reference and may also be found on Regions’ website at www.regions.com.

Item 7.01 Regulation FD Disclosure.

On April 17, 2026, executives from Regions will review its preliminary results of operations for the quarter ended March 31, 2026, via a live audio webcast. A copy of a visual presentation that will be a part of that review is attached as Exhibit 99.3. Exhibit 99.3 is incorporated herein by reference and may also be found on Regions’ website at www.regions.com. An archived recording of the webcast will be available for a limited time on the Investor Relations page of that website.

In accordance with general instruction B.2. of Form 8-K, the information included in or incorporated into Item 2.02 or Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Exhibit Number						Description of Exhibit

99.1						Press Release dated April 17, 2026.
99.2						Supplemental Financial Information for the Quarter Ended March 31, 2026.
99.3						Visual Presentation of April 17, 2026.
104						Cover Page Interactive Data (embedded within the Inline XBRL document).

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 and Chief Accounting Officer

Date: April 17, 2026

Exhibit 99.1

Regions Reports earnings of $539 million and EPS of $0.62 in 1Q 2026

$1.9 billion in total revenue reflects 5 percent year-over-year growth.

BIRMINGHAM, Ala. - (BUSINESS WIRE) - April 17, 2026 - Regions Financial Corp. (NYSE:RF) today reported first quarter 2026 earnings of $539 million and diluted EPS of $0.62. Total revenue increased 5 percent, and pre-tax pre-provision income(1) increased 8 percent compared to first quarter of 2025. Adjusted total revenue(1) increased 4 percent, and adjusted pre-tax pre-provision income(1) increased 4 percent compared to first quarter of 2025.


Financial Highlights							Soundness
	Quarter Ended							•Low-cost deposit base continued to deliver peer-leading interest-bearing deposit costs of 1.72% in 1Q26 •Robust capital with CET1 of 10.6% (9.4% inclusive of AOCI(1)) supported by strong organic capital generation •Business services criticized loans as a percent of business loans decreased 16 bps to 5.15% while NPLs to total loans decreased 2 bps to 0.71%; ACL/NPLs remains solid at 238%
($ amounts in millions, except per share data)	1Q26			4Q25
Earnings Summary











Net income	$	559		$	534
Net income available to common shareholders	539			514
Adj. net income avail. to common shareholders(1)	539			504








Diluted earnings per common share	0.62			0.58
Adj. diluted earnings per common share(1)	0.62			0.57					Profitability

Balance Sheet Summary									•Best-in-class hedging program creates a mostly neutral short-term interest rate position and supports a top-quartile 1Q26 NIM of 3.67% •Regions has consistently generated top-quartile returns vs its peer group; 1Q26 ROATCE of 18.26% •Expenses remain well-controlled; supports self-funding of growth initiatives








Average loans	$	96,423		$	95,651

Average deposits	130,234			129,850



Credit Quality
Allowance for credit losses ratio	1.68		%	1.76		%
Net charge-offs / average loans*	0.54			0.59

Selected Ratios
Return on average assets*	1.42		%	1.34		%			Growth
Return on average common equity*	12.35			11.58					•Net income grew 16% and diluted EPS 22% YoY; Adj. net income grew 11% and diluted EPS 15%(1) •1Q26 average loans increased 1% while ending loans increased 2% vs 4Q25; growth driven primarily by high-quality broad-based C&I loans •1Q26 reflects a record quarter of Treasury Management fees •Significant progress in hiring and reskilling of bankers to support growth initiatives throughout the company's priority markets
Return on avg. tangible common equity*(1)	18.26			17.17
Adj. return on avg. tangible common equity*(1)	18.26			16.84
Net interest margin (FTE)*	3.67			3.70
Efficiency ratio	56.6			56.8
Adjusted efficiency ratio(1)	56.6			57.5
Common equity Tier 1 ratio(2)	10.7			10.9
Common equity Tier 1 ratio (incl. AOCI)(1)(2)	9.4			9.7
Effective Tax Rate	21.6			24.5

*Annualized (1) Non-GAAP; refer to reconciliations in the financial supplement to this earnings release included as Exhibit 99.2 to the company's Current Report on Form 8-K that was furnished to the SEC on Apr. 17, 2026. (2) Current quarter is estimated.


John Turner, Chairman, President and CEO of Regions Financial Corp.
"Our results reflect the strength of our franchise, the continued momentum of our markets, and our consistent focus on solid execution amid an evolving macroeconomic backdrop. Growth in loans and deposits accelerated during the first quarter, credit metrics continued to improve, and client sentiment remained generally optimistic across our footprint. At the same time, we are making meaningful progress on our core transformation, including key technology and AI investments that are enhancing efficiency and the customer experience, while remaining attentive to near‑term growth drivers. Together, these actions support our confidence to deliver on our strategic priorities throughout the year."

Total revenue


	Quarter Ended
($ amounts in millions)	3/31/2026			12/31/2025			3/31/2025			1Q26 vs. 4Q25				1Q26 vs. 1Q25
Net interest income	$	1,248		$	1,281		$	1,194		$	(33)	(2.6)	%	$	54	4.5	%


Taxable equivalent adjustment	13			13			12			—		—	%	1		8.3	%
Net interest income, taxable equivalent basis	$	1,261		$	1,294		$	1,206		$	(33)	(2.6)	%	$	55	4.6	%
Net interest margin (FTE)*	3.67		%	3.70		%	3.52		%


Non-interest income:
Service charges on deposit accounts	$	163		$	163		$	161		$	—	—	%	$	2	1.2	%
Card and ATM fees	117			123			117			(6)		(4.9)	%	—		—	%
Wealth management income	141			143			129			(2)		(1.4)	%	12		9.3	%
Capital markets income	84			80			80			4		5.0	%	4		5.0	%
Mortgage income	32			32			40			—		—	%	(8)		(20.0)	%
Commercial credit fee income	30			30			27			—		—	%	3		11.1	%
Bank-owned life insurance	30			23			23			7		30.4	%	7		30.4	%
Market value adjustments on employee benefit assets**	(5)			(5)			(3)			—		NM		(2)		66.7	%
Securities gains (losses), net	(3)			—			(25)			(3)		NM		22		88.0	%



Other miscellaneous income	36			51			41			(15)		(29.4)	%	(5)		(12.2)	%
Non-interest income	$	625		$	640		$	590		$	(15)	(2.3)	%	$	35	5.9	%

Adjusted non-interest income (non-GAAP)(1)	$	625		$	640		$	615		$	(15)	(2.3)	%	$	10	1.6	%

Total revenue	$	1,873		$	1,921		$	1,784		$	(48)	(2.5)	%	$	89	5.0	%

Adjusted total revenue (non-GAAP)(1)	$	1,873		$	1,921		$	1,809		$	(48)	(2.5)	%	$	64	3.5	%

NM - Not Meaningful

* Annualized

** These market value adjustments relate to assets held for employee and director benefits that are effectively offset within salaries and employee benefits and other non-interest expense.

While total revenue has increased versus the first quarter of 2025, it decreased 2 percent on both a reported and adjusted basis(1) compared to the fourth quarter of 2025. Net interest income decreased 3 percent driven primarily by fewer days in the quarter and elevated non-recurring items in the prior quarter that did not repeat. Total net interest margin was also negatively impacted by tighter asset spreads associated with higher-quality asset growth contributing to a 3 basis point decrease to 3.67 percent.

Non-interest income decreased 2 percent on both a reported and adjusted basis(1) during the first quarter. Capital markets increased 5 percent in the first quarter attributable to higher loan syndication and securities underwriting activity, as well as commercial swap income. Bank-owned life insurance increased 30 percent primarily due to higher claims income. Service charges, wealth management and mortgage income remained relatively stable compared to the fourth quarter of 2025. Card and ATM fees decreased 5 percent due primarily to seasonally lower activity. Other miscellaneous income also decreased during the quarter attributable primarily to commercial lease sales activity with $6 million of gains recognized in the prior quarter compared to $7 million of losses recognized in the current quarter.

Non-interest expense


	Quarter Ended
($ amounts in millions)	3/31/2026		12/31/2025		3/31/2025		1Q26 vs. 4Q25				1Q26 vs. 1Q25
Salaries and employee benefits	$	659	$	662	$	625	$	(3)	(0.5)	%	$	34	5.4	%
Equipment and software expense	108		112		99		(4)		(3.6)	%	9		9.1	%
Net occupancy expense	72		74		70		(2)		(2.7)	%	2		2.9	%
Outside services	42		45		40		(3)		(6.7)	%	2		5.0	%
Marketing	29		29		30		—		—	%	(1)		(3.3)	%
Professional, legal and regulatory expenses	28		30		23		(2)		(6.7)	%	5		21.7	%
Credit/checkcard expenses	14		18		15		(4)		(22.2)	%	(1)		(6.7)	%
FDIC insurance assessments	19		3		20		16		NM		(1)		(5.0)	%
Visa class B shares expense	1		8		7		(7)		(87.5)	%	(6)		(85.7)	%

Operational losses	10		9		13		1		11.1	%	(3)		(23.1)	%

Other miscellaneous expenses	86		108		97		(22)		(20.4)	%	(11)		(11.3)	%
Non-interest expense	$	1,068	$	1,098	$	1,039	$	(30)	(2.7)	%	$	29	2.8	%
Adjusted non-interest expense (non-GAAP)(1)	$	1,068	$	1,112	$	1,035	$	(44)	(4.0)	%	$	33	3.2	%

Salaries and Employee Benefits Expense


	Quarter Ended
($ amounts in millions)	3/31/2026		12/31/2025		3/31/2025		1Q26 vs. 4Q25				1Q26 vs. 1Q25
Salaries and employee benefits	$	659	$	662	$	625	$	(3)	(0.5)	%	$	34	5.4	%
Less: Market value adjustments on supplemental 401(k) liabilities(*)	(4)		6		(1)		(10)		(166.7)	%	(3)		(300.0)	%
Salaries and employee benefits less market value adjustments on employee benefit liabilities	$	663	$	656	$	626	$	7	1.1	%	$	37	5.9	%

NM - Not Meaningful

* The company holds assets in order to effectively offset the market value adjustments on supplemental 401(k) liabilities and the market value adjustments on those assets are recorded in non-interest income.

Non-interest expenses decreased 3 percent on a reported basis and 4 percent on an adjusted basis(1) compared to the fourth quarter of 2025, reflecting broad-based improvement across most expense categories. Salaries and benefits remained relatively stable as declines in market value adjustments for supplemental employee benefit liabilities offset the seasonal increases in payroll taxes, 401(k) contributions, and one month of merit. FDIC insurance assessments increased $16 million attributable to an adjustment for the company's FDIC special insurance assessment recognized in the prior quarter. The company's first quarter efficiency ratio was 56.6 percent on both a reported and adjusted basis(1).

Loans


	Average Balances

($ amounts in millions)	1Q26		4Q25		1Q25		1Q26 vs. 4Q25				1Q26 vs. 1Q25



Commercial and industrial	$	49,572	$	48,769	$	49,209	$	803	1.6	%	$	363	0.7%


Commercial real estate—owner-occupied	5,146		5,126		5,180		20		0.4	%	(34)		(0.7)%
Investor real estate	9,327		9,116		8,751		211		2.3	%	576		6.6%
Business Lending	64,045		63,011		63,140		1,034		1.6	%	905		1.4%
Residential first mortgage	19,674		19,822		20,037		(148)		(0.7)	%	(363)		(1.8)%


Home equity	5,514		5,546		5,509		(32)		(0.6)	%	5		0.1%

Consumer credit card	1,473		1,458		1,394		15		1.0	%	79		5.7%

Other consumer*	5,717		5,814		6,042		(97)		(1.7)	%	(325)		(5.4)%
Consumer Lending	32,378		32,640		32,982		(262)		(0.8)	%	(604)		(1.8)%
Total Loans	$	96,423	$	95,651	$	96,122	$	772	0.8	%	$	301	0.3%


	Ending Balances
							3/31/2026				3/31/2026
($ amounts in millions)	3/31/2026		12/31/2025		3/31/2025		vs. 12/31/2025				vs. 3/31/2025



Commercial and industrial	$	50,824	$	48,790	$	48,879	$	2,034	4.2	%	$	1,945	4.0%


Commercial real estate—owner-occupied	5,265		5,108		5,165		157		3.1	%	100		1.9%
Investor real estate	9,644		9,106		8,833		538		5.9	%	811		9.2%
Business Lending	65,733		63,004		62,877		2,729		4.3	%	2,856		4.5%
Residential first mortgage	19,621		19,765		20,000		(144)		(0.7)	%	(379)		(1.9)%


Home equity	5,497		5,556		5,501		(59)		(1.1)	%	(4)		(0.1)%

Consumer credit card	1,472		1,519		1,384		(47)		(3.1)	%	88		6.4%

Other consumer*	5,603		5,793		5,971		(190)		(3.3)	%	(368)		(6.2)%
Consumer Lending	32,193		32,633		32,856		(440)		(1.3)	%	(663)		(2.0)%
Total Loans	$	97,926	$	95,637	$	95,733	$	2,289	2.4	%	$	2,193	2.3%

NM - Not meaningful.

* Other consumer loans includes Regions' Home Improvement Financing portfolio.

Average loans increased 1 percent while ending loans increased 2 percent compared to the prior quarter. Average business loans increased 2 percent during the quarter while average consumer loans decreased 1 percent. Growth was driven by broad-based C&I lending including power and utilities, manufacturing, healthcare and asset-based lending. Approximately half of this quarter's growth came from higher line utilization, with the remainder of the balance driven by new loans, primarily with existing clients. Loan growth was also very high quality as almost two-thirds were investment grade credits and the majority of the remaining were near investment grade credits.

Deposits


	Average Balances

($ amounts in millions)	1Q26		4Q25		1Q25		1Q26 vs. 4Q25			1Q26 vs. 1Q25
Total interest-bearing deposits	$	91,074	$	90,391	$	88,634	$	683	0.8%	$	2,440	2.8%
Non-interest-bearing deposits	39,160		39,459		39,053		(299)		(0.8)%	107		0.3%




Total Deposits	$	130,234	$	129,850	$	127,687	$	384	0.3%	$	2,547	2.0%

($ amounts in millions)	1Q26		4Q25		1Q25		1Q26 vs. 4Q25			1Q26 vs. 1Q25
Consumer Bank Segment	$	79,599	$	79,437	$	78,712	$	162	0.2%	$	887	1.1%
Corporate Bank Segment	40,707		40,243		38,312		464		1.2%	2,395		6.3%
Wealth Management Segment	7,777		7,810		7,600		(33)		(0.4)%	177		2.3%
Other*	2,151		2,360		3,063		(209)		(8.9)%	(912)		(29.8)%
Total Deposits	$	130,234	$	129,850	$	127,687	$	384	0.3%	$	2,547	2.0%


	End of Period Deposits
							3/31/2026			3/31/2026
($ amounts in millions)	3/31/2026		12/31/2025		3/31/2025		vs. 12/31/2025			vs. 3/31/2025
Consumer Bank Segment	$	81,271	$	80,193	$	80,627	$	1,078	1.3%	$	644	0.8%
Corporate Bank Segment	40,574		40,449		39,696		125		0.3%	878		2.2%
Wealth Management Segment	7,750		8,344		7,798		(594)		(7.1)%	(48)		(0.6)%
Other*	2,285		2,142		2,850		143		6.7%	(565)		(19.8)%
Total Deposits	$	131,880	$	131,128	$	130,971	$	752	0.6%	$	909	0.7%

NM - Not meaningful.

*Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, selected deposits and brokered time deposits) and additional wholesale funding arrangements.

The company's deposit base continues to be a source of strength and an industry differentiator in liquidity and margin performance. Ending deposits increased approximately 1 percent while average deposits increased modestly during the quarter. Average corporate deposits increased 1 percent, while average consumer and wealth deposits remained relatively stable. Ending consumer deposits increased over 1 percent reflecting typical seasonal patterns associated primarily with income tax refunds, as well as the focus on customer acquisition and priority markets.

Asset quality


	As of and for the Quarter Ended
($ amounts in millions)	3/31/2026	12/31/2025	3/31/2025
Allowance for credit losses (ACL) at period end	$1,647	$1,686	$1,730
ACL/Loans, net	1.68%	1.76%	1.81%
Business criticized loans to total business loans	5.15%	5.31%	7.82%

Allowance for credit losses to non-performing loans, excluding loans held for sale	238%	242%	205%

Provision for credit losses	$91	$115	$124
Net loans charged-off	$130	$142	$123

Net loans charged-off as a % of average loans, annualized	0.54%	0.59%	0.52%

Non-performing loans, excluding loans held for sale/Loans, net	0.71%	0.73%	0.88%
NPAs (ex. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale	0.73%	0.75%	0.92%
NPAs (inc. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale*	0.90%	0.94%	1.11%

Total Criticized Loans—Business Services**	$3,384	$3,342	$4,918

* Excludes fully guaranteed residential first mortgages that are 90+ days past due and still accruing.

** Business services represents the combined total of commercial and investor real estate loans.

Overall asset quality continues to demonstrate improvement. Based on recent discussions with commercial clients and ongoing relationship-manager engagement, customer sentiment remains generally optimistic, and consumer fundamentals continue to be sound. Aggregate spending trends among Regions' consumer customers are stable to modestly positive, and labor market conditions show no indications of material weakness.

Net charge-offs were $130 million or an annualized 54 basis points of average loans, representing a 5 basis point decrease compared to the fourth quarter of 2025. The majority of business services charge-offs came from previously identified portfolios of interest with established reserves. Business services criticized loans and non-performing loans remained relatively stable with the ratio of non-performing loans as a percentage of total loans declining 2 basis points to 0.71 percent and the ratio of business services criticized loans as a percentage of total business loans declining 16 basis points to 5.15 percent.

Allowance increases tied to loan growth and greater macroeconomic uncertainty were more than offset by meaningful progress in resolving loans within previously identified portfolios of interest, sustained risk-rating upgrades exceeding downgrades, and continued improvement in business services criticized and total non-performing loan ratios. As a result, the allowance for credit losses declined $39 million. Strengthening asset quality across portfolios, combined with high-quality loan growth, drove an 8 basis point reduction in the allowance ratio to 1.68 percent, while coverage of non-performing loans remained solid at 238 percent.

Capital and liquidity


	As of and for Quarter Ended
	3/31/2026	12/31/2025	3/31/2025

Common Equity Tier 1 ratio(2)	10.7%	10.9%	10.8%
Common equity Tier 1 ratio (incl. AOCI) (non-GAAP)(1)(2)	9.4%	9.7%	9.1%
Tier 1 capital ratio(2)	11.7%	12.0%	12.2%
Total shareholders' equity to total assets	11.68%	11.99%	11.59%
Tangible common shareholders’ equity to tangible assets (non-GAAP)(1)	7.54%	7.80%	7.17%
Common book value per share	$20.39	$20.36	$18.70
Tangible common book value per share (non-GAAP)(1)	$13.69	$13.75	$12.29
Loans, net of unearned income, to total deposits	74.3%	72.9%	73.1%

Regions maintained a solid capital position in the first quarter with estimated capital ratios remaining well above current regulatory requirements. At quarter-end, the Common Equity Tier 1 (CET1)(2) and Tier 1 capital(2) ratios were estimated at 10.7 percent and 11.7 percent respectively. Including the impacts of accumulated other comprehensive income, CET1(1)(2) was estimated at 9.4 percent.

During the first quarter, the company repurchased approximately 14 million shares of common stock for a total of $401 million through open-market purchases and declared $227 million in dividends to common shareholders.

Tangible common book value per share(1) ended the quarter at $13.69, an 11 percent increase year-over-year.

The company's liquidity position also remained robust with total available liquidity as of March 31, 2026, of approximately $68 billion, which includes cash held at the Federal Reserve, FHLB borrowing capacity, unencumbered securities, and capacity at the Federal Reserve's facilities such as the Discount Window or Standing Repo Operations. These sources are sufficient to cover uninsured deposits at a ratio of approximately 178 percent as of quarter-end (excluding intercompany and secured deposits).

(1) Non-GAAP; refer to reconciliations on pages 11 14, 15 and 16 of the financial supplement to this earnings release included as Exhibit 99.2 to the company's Current Report on Form 8-K that was furnished to the Securities and Exchange Commission on Apr. 17, 2026.

(2) Current quarter Common Equity Tier 1 and Tier 1 capital ratios are estimated.

Conference Call

The company will hold a live audio webcast to discuss first quarter 2026 results on April 17, 2026 at 10 a.m. ET. To access this live audio webcast, visit the Investor Relations page at ir.regions.com. An archived recording of the webcast will be available at the Investor Relations page at ir.regions.com following the live event.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $161 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,200 banking offices and more than 1,750 ATMs. Regions Bank is an Equal Housing

Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

Forward-Looking Statements

This 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 make forward-looking public statements concerning the matters described herein. The words “future,” “anticipates,” “assumes,” “intends,” “plans,” “seeks,” “believes,” “predicts,” “potential,” “objectives,” “estimates,” “expects,” “targets,” “projects,” “outlook,” “forecast,” “would,” “will,” “may,” “might,” “could,” “should,” “can,” and similar terms, expressions, and graphics often signify forward-looking statements. Forward-looking statements are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond our control. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results or other developments. Forward-looking statements are based on management’s current expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. Those statements are based on general assumptions and are subject to various risks, and because they also relate to the future, they are likewise subject to inherent uncertainties and other factors that may cause actual results to differ materially from the views, beliefs and projections expressed in such statements. Therefore, we caution you against relying on any of these forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, those described below:

•Our businesses have been, and may continue to be, adversely affected by conditions in the financial markets and economic conditions generally.

•Fluctuations in market interest rates, including the level and shape of the yield curve, may adversely affect our performance.

•If we experience greater credit losses in our loan portfolios than anticipated, our earnings may be materially adversely affected.

•Any future reductions in our credit ratings may increase our funding costs and place limitations on business activities.

•Changes in the soundness of other financial institutions could adversely affect us.

•We may suffer losses if the value of collateral declines in stressed market conditions.

•Ineffective liquidity management could adversely affect our financial results and condition.

•Loss of deposits or a change in deposit mix could increase our funding costs.

•We rely on the mortgage secondary market to manage various risks.

•We are at risk of a variety of systems failures or errors and cyber-attacks or other similar incidents that could adversely affect customer experience and our business and financial performance.

•We are subject to complex and evolving laws, regulations, rules, standards and contractual obligations regarding privacy and cybersecurity, which could increase the cost of doing business, compliance risks and potential liability.

•We will continually encounter technological change and must effectively anticipate, develop and implement new technology.

•The development and use of AI presents risks and challenges that may adversely impact our business.

•Industry competition, including competition from decentralized finance platforms, cryptocurrencies and blockchain technologies could disrupt our business model and adversely affect our revenues, market share or liquidity.

•Our operations are concentrated primarily in the South, Midwest and Texas, and adverse changes in the economic conditions in this region can adversely affect our financial results and condition.

•Weakness in the residential real estate markets could adversely affect our performance.

•Weakness in the commercial real estate markets could adversely affect our performance.

•Risks associated with home equity products where we are in a second lien position could adversely affect our performance.

•Weakness in commodity businesses could adversely affect our performance.

•An outbreak or escalation of hostilities between countries or within a country or region could have a material adverse effect on the U.S. economy and on our businesses.

•We are subject to a variety of operational risks, including the risk of fraud or theft by internal or external parties, which may adversely affect our business and results of operations.

•We rely on other companies to provide key components of our business infrastructure.

•We depend on the accuracy and completeness of information about clients and counterparties.

•We are exposed to risk of environmental liability when we take title to property.

•We can be negatively affected if we fail to identify and address operational risks associated with the introduction of or changes to products, services and delivery platforms.

•Enhanced regulatory and other standards for the oversight of vendors and other service providers can result in higher costs and other potential exposures.

•We are, and may in the future be, subject to claims and litigation calling into question our right to use the intellectual property underlying certain technology in our business.

•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 change may also carry transition risks that could negatively impact our results of operations and financial condition.

•We are subject to sociopolitical risks that could adversely affect our business, reputation and the trading price of our common stock.

•Damage to our reputation could significantly harm our businesses.

•We are, and may in the future be, subject to litigation, investigations and governmental proceedings that may result in liabilities adversely affecting our financial condition, business or results of operations or in reputational harm.

•We are subject to extensive governmental regulation, which could have an adverse impact on our operations and our business model.

•We are subject to a variety of risks in connection with any sale of loans we may conduct.

•We may be subject to more stringent capital and liquidity requirements.

•Rulemaking changes and regulatory initiatives implemented by the CFPB may result in higher regulatory and compliance costs that may adversely affect our results of operations.

•We are subject to numerous laws designed to protect consumers, including the CRA and fair lending laws, and a failure to comply with these laws could lead to a wide variety of penalties and other sanctions.

•We may not be able to complete future acquisitions, may not be successful in realizing the benefits of any future acquisitions that are completed or may choose not to pursue acquisition opportunities we might find beneficial.

•Increases in FDIC insurance assessments may adversely affect our earnings.

•Unfavorable results from ongoing stress analyses may adversely affect our ability to retain customers or compete for new business opportunities.

•We are a holding company and depend on our subsidiaries for dividends, distributions and other payments.

•We may not pay dividends on shares of our capital stock.

•Anti-takeover and banking laws and certain agreements and charter provisions may adversely affect share value.

•Our amended and restated by-laws designate (i) the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our shareholders and (ii) the federal district courts of the United States as the sole and exclusive forum for any action asserting a cause of action arising under the Securities Act, which could limit our shareholders’ ability to obtain a favorable judicial forum for disputes with our company or our company’s directors, officers or other employees.

•We face substantial legal and operational risks in our safeguarding and other processing of personal information.

•Differences in regulation can affect our ability to compete effectively.

•Our businesses may be adversely affected if we are unable to hire and retain qualified employees.

•Our operations rely on our ability, and the ability of key external parties, to maintain appropriately staffed workforces, and on the competence, trustworthiness, health and safety of employees.

•Our reported financial results depend on management’s selection of accounting methods and certain assumptions and estimates.

•If the models that we use in our business perform poorly or provide inadequate information, our business or results of operations may be adversely affected.

•Changes in our accounting policies or in accounting standards could materially affect how we report our financial results and condition.

The foregoing list of factors is not exhaustive. For discussion of these and other factors that may cause actual results to differ from expectations, look under the captions “Forward-Looking Statements” and “Risk Factors” in Regions’ Annual Report on Form 10-K for the year ended December 31, 2025 and in Regions’ subsequent filings with the SEC.

You should not place undue reliance on any forward-looking statements, which speak only as of the date made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible to predict all of them. We assume no obligation and do not intend to update or revise any forward-looking statements that are made from time to time, either as a result of future developments, new information or otherwise, except as may be required by law.

Use of Non-GAAP Financial Measures

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 common shareholders' equity (non-GAAP), common equity Tier 1 ratio (inclusive of AOCI) (non-GAAP), as well as adjusted net income available to common shareholders (non-GAAP) and adjusted diluted EPS (non-GAAP) to monitor performance and believes these measures provide meaningful information to investors. Non-interest expense (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest expense (non-GAAP), which is the numerator for the adjusted efficiency ratio. Non-interest income (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest income (non-GAAP), which is the numerator for the adjusted fee income ratio. Adjusted non-interest income (non-GAAP) and adjusted non-interest expense (non-GAAP) are used to determine adjusted pre-tax pre-provision income (non-GAAP). Net interest income (GAAP) on a taxable-equivalent basis and non-interest income are added together to arrive at total revenue on a taxable-equivalent basis. Adjustments are made to arrive at adjusted total revenue on a taxable-equivalent basis (non-GAAP), which is the denominator for the adjusted fee income and adjusted efficiency ratios. Net income available to common shareholders (GAAP) is presented excluding certain adjustments, net of tax, to arrive at adjusted net income available to common shareholders (non-GAAP), which is the numerator for adjusted diluted EPS (non-GAAP). Return on average tangible common shareholders' equity (non-GAAP) is calculated by dividing net income available to common shareholders (GAAP) by the average tangible common shareholders’ equity (non-GAAP). Net income available to common shareholders (GAAP) is presented excluding certain adjustments, net of tax, to arrive at adjusted net income available to common shareholders (non-GAAP), which is the numerator for adjusted return on average tangible common shareholders’ equity. Adjusted return on average tangible common shareholders' equity is calculated by dividing the adjusted net income available to common shareholders (non-GAAP) by the average tangible common shareholders’ equity (non-GAAP). Adjusted common equity Tier 1 ratio (non-GAAP) is calculated by dividing the adjusted common equity tier 1 (non-GAAP), which is arrived at by excluding the AOCI loss on securities and AOCI loss on defined benefit pension plans and other post employment benefits from common equity Tier 1, by the company’s total risk-weighted assets (GAAP).

Regions believes that the exclusion of these adjustments provides a meaningful basis for period-to-period comparisons, which management believes will assist investors in analyzing the operating results of the company and predicting future performance. These non-GAAP financial measures are also used by management to assess the performance of Regions’ business. It is possible that the activities related to the adjustments may recur; however, management does not consider the activities related to the adjustments to be indications of ongoing operations. Regions believes that presentation of these non-GAAP financial measures will permit investors to assess the performance of the company on the same basis as that applied by management. Tangible common book value per share is calculated by dividing tangible common shareholders' equity (non-GAAP) by tangible assets (non-GAAP). The numerator for tangible book value per share (non-GAAP), tangible common shareholders' equity (non-GAAP), is calculated by excluding intangible assets and the deferred tax liability related to intangible assets from common shareholders' equity (GAAP). The denominator for tangible book value per share (non-GAAP), tangible assets (non-GAAP), is calculated by excluding intangible assets and the deferred tax liability related to intangible assets from total assets (non-GAAP).

Tangible common shareholders’ equity ratios have become a focus of some investors and management believes they may assist investors in analyzing the capital position of the company absent the effects of intangible assets and preferred stock. Analysts and banking regulators have assessed Regions’ capital adequacy using the tangible common shareholders’ equity measure. Because tangible common shareholders’ equity is not formally defined by GAAP or prescribed in any amount by federal banking regulations it is currently considered to be a non-GAAP financial measure and other entities may calculate it differently than Regions’ disclosed calculations. Since analysts and banking regulators may assess Regions’ capital adequacy using tangible common shareholders’ equity to tangible assets, management believes that it is useful to provide investors the ability to assess Regions’ capital adequacy on this same basis.

Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. Although these non-GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools, and should not be considered in isolation, or as a substitute for analyses of results as reported under GAAP. In particular, a measure of earnings that excludes selected items does not represent the amount that effectively accrues directly to stockholders. Additionally, our non-GAAP financial measures may not be comparable to similar non-GAAP financial measures used by other companies and there is no certainty that we will not incur expenses in the future that are similar to those excluded in the calculations of non-GAAP financial measures presented herein.

Management and the Board of Directors utilize non-GAAP measures as follows:

•Preparation of Regions' operating budgets

•Monthly financial performance reporting

•Monthly close-out reporting of consolidated results (management only)

•Presentation to investors of company performance

•Metrics for incentive compensation

See the company's Financial Supplement, included as Exhibit 99.2 to the company's Current Report on Form 8-K furnished to the Securities and Exchange Commission on April 17, 2026, for reconciliations of and additional information regarding the company's non-GAAP financial measures.

Exhibit 99.2

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited)

First Quarter 2026

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Table of Contents



						Page

Financial Highlights						1

Selected Ratios and Other Information*						2

Consolidated Balance Sheets						3

Loans						4

Deposits						6

Consolidated Statements of Income						8

Consolidated Average Daily Balances and Yield / Rate Analysis						9

Pre-Tax Pre-Provision Income ("PPI")* and Adjusted PPI*						11

Non-Interest Income, Service Charges on Deposit Accounts by Segment, Wealth Management Income, Capital Markets Income, and Mortgage Income						12

Non-Interest Expense and Salaries and Benefits Expense						13

Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures*
Adjusted Efficiency Ratios, Adjusted Fee Income Ratios, Adjusted Non-Interest Income / Expense, Adjusted Operating Leverage Ratios, Adjusted Total Revenue, Adjusted Net Income Available to Common Shareholders, Adjusted Diluted EPS, Return Ratios, Tangible Common Ratios, and Common Equity Tier 1 (CET1) Ratios						14

Asset Quality
Allowance for Credit Losses, Net Charge-Offs and Related Ratios						17
Non-Performing Loans (excludes loans held for sale), Early and Late Stage Delinquencies						19

Forward-Looking Statements						20

*Use of non-GAAP financial measures

Regions believes that the presentation of non-GAAP financial measures provides a meaningful basis for period-to-period comparisons, which management believes will assist investors in assessing the performance of the Company on the same basis as that applied by management. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. Although non-GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools, and should not be considered in isolation, or as a substitute for analyses of results as reported under GAAP. In particular, a measure of earnings that excludes certain adjustments does not represent the amount that effectively accrues directly to shareholders. Additionally, our non-GAAP financial measures may not be comparable to similar non-GAAP financial measures used by other companies and there is no certainty that we will not incur expenses in the future that are similar to those excluded in the calculations on non-GAAP financial measures presented herein.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Financial Highlights


	Quarter Ended
($ amounts in millions, except per share data)	3/31/2026			12/31/2025			9/30/2025			6/30/2025			3/31/2025
Earnings Summary
Interest income - taxable equivalent	$	1,715		$	1,781		$	1,808		$	1,796		$	1,737
Interest expense - taxable equivalent	454			487			539			525			531
Net interest income - taxable equivalent	1,261			1,294			1,269			1,271			1,206
Less: Taxable-equivalent adjustment	13			13			12			12			12
Net interest income	1,248			1,281			1,257			1,259			1,194
Provision for credit losses	91			115			105			126			124
Net interest income after provision for credit losses	1,157			1,166			1,152			1,133			1,070
Non-interest income	625			640			659			646			590
Non-interest expense	1,068			1,098			1,103			1,073			1,039
Income before income taxes	714			708			708			706			621
Income tax expense	155			174			139			143			131
Net income	$	559		$	534		$	569		$	563		$	490
Net income available to common shareholders	$	539		$	514		$	548		$	534		$	465
Adjusted net income available to common shareholders (non-GAAP) (1)	$	539		$	504		$	561		$	538		$	487



Weighted-average shares outstanding—during quarter:
Basic	863			875			890			898			906
Diluted	868			880			894			900			910

Basic earnings per common share	$	0.63		$	0.59		$	0.62		$	0.59		$	0.51
Diluted earnings per common share	$	0.62		$	0.58		$	0.61		$	0.59		$	0.51
Adjusted diluted earnings per common share (non-GAAP) (1)	$	0.62		$	0.57		$	0.63		$	0.60		$	0.54

Balance Sheet Summary
At quarter-end
Loans, net of unearned income	$	97,926		$	95,637		$	96,125		$	96,723		$	95,733
Allowance for credit losses	(1,647		)	(1,686		)	(1,713		)	(1,743		)	(1,730		)
Assets	160,741			158,814			159,940			159,206			159,846
Deposits	131,880			131,128			130,334			130,919			130,971
Long-term borrowings	3,137			4,134			4,785			5,279			6,019
Shareholders' equity	18,779			19,043			19,049			18,666			18,530
Average balances
Loans, net of unearned income	$	96,423		$	95,651		$	96,647		$	96,077		$	96,122
Assets	159,287			158,107			159,089			157,974			156,876
Deposits	130,234			129,850			129,575			129,444			127,687
Long-term borrowings	3,750			4,524			5,527			5,660			6,001
Shareholders' equity	19,077			18,986			18,688			18,350			18,127

_____

(1) See reconciliation of these non-GAAP measures to the most directly comparable GAAP measures on page 15.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Selected Ratios and Other Information


	As of and for Quarter Ended
	3/31/2026			12/31/2025			9/30/2025			6/30/2025			3/31/2025
Return on average assets* (1)	1.42		%	1.34		%	1.42		%	1.43		%	1.27		%
Return on average common shareholders' equity*	12.35		%	11.58		%	12.56		%	12.72		%	11.49		%
Return on average tangible common shareholders’ equity (non-GAAP)* (2)	18.26		%	17.17		%	18.81		%	19.34		%	17.72		%

Adjusted return on average tangible common shareholders' equity (non-GAAP) *(2)	18.26		%	16.84		%	19.24		%	19.48		%	18.58		%
Efficiency ratio	56.6		%	56.8		%	57.2		%	56.0		%	57.9		%
Adjusted efficiency ratio (non-GAAP) (2)	56.6		%	57.5		%	56.9		%	56.0		%	56.8		%
Dividend payout ratio (3)	42.3		%	44.8		%	43.0		%	42.0		%	48.6		%
Common book value per share	$	20.39		$	20.36		$	19.98		$	19.35		$	18.70
Tangible common book value per share (non-GAAP) (2)	$	13.69		$	13.75		$	13.49		$	12.91		$	12.29
Total shareholders' equity to total assets	11.68		%	11.99		%	11.91		%	11.72		%	11.59		%
Tangible common shareholders’ equity to tangible assets (non-GAAP) (2)	7.54		%	7.80		%	7.74		%	7.52		%	7.17		%
Common equity Tier 1 (4)	$	13,419		$	13,490		$	13,620		$	13,533		$	13,355
Total risk-weighted assets (4)	$	125,860		$	123,882		$	125,386		$	125,755		$	123,755
Common equity Tier 1 ratio (4)	10.7		%	10.9		%	10.9		%	10.8		%	10.8		%
Common equity Tier 1 ratio (inclusive of AOCI) (non-GAAP) (2)(4)	9.4		%	9.7		%	9.6		%	9.3		%	9.1		%
Tier 1 capital ratio (4)	11.7		%	12.0		%	12.0		%	11.9		%	12.2		%
Total risk-based capital ratio (4)	13.6		%	13.9		%	13.8		%	13.7		%	14.1		%
Leverage ratio (4)	9.6		%	9.7		%	9.7		%	9.7		%	9.8		%
Effective tax rate	21.6		%	24.5		%	19.7		%	20.3		%	21.1		%
Allowance for credit losses as a percentage of loans, net of unearned income	1.68		%	1.76		%	1.78		%	1.80		%	1.81		%
Allowance for credit losses to non-performing loans, excluding loans held for sale	238		%	242		%	226		%	225		%	205		%
Net interest margin (FTE)*	3.67		%	3.70		%	3.59		%	3.65		%	3.52		%
Loans, net of unearned income, to total deposits	74.3		%	72.9		%	73.8		%	73.9		%	73.1		%
Net charge-offs as a percentage of average loans*	0.54		%	0.59		%	0.55		%	0.47		%	0.52		%

Business criticized loans to total business loans	5.15		%	5.31		%	5.81		%	7.22		%	7.82		%
Non-performing loans, excluding loans held for sale, as a percentage of loans	0.71		%	0.73		%	0.79		%	0.80		%	0.88		%
Non-performing assets (excluding loans 90 days past due) as a percentage of loans, foreclosed properties, and non-performing loans held for sale	0.73		%	0.75		%	0.82		%	0.84		%	0.92		%
Non-performing assets (including loans 90 days past due) as a percentage of loans, foreclosed properties, and non-performing loans held for sale (5)	0.90		%	0.94		%	0.98		%	1.01		%	1.11		%
Associate headcount—full-time equivalent	19,910			19,969			19,675			19,642			19,541
ATMs	1,779			1,786			1,874			1,996			2,008
Branch Statistics
Full service	1,221			1,222			1,223			1,224			1,224
Drive-through/transaction service only	25			25			25			26			25
Total branch outlets	1,246			1,247			1,248			1,250			1,249

*Annualized

(1)Calculated by dividing net income by average assets.

(2)See reconciliation of these non-GAAP measures to the most directly comparable GAAP measures on pages 11, 14, 15, and 16.

(3)Dividend payout ratio reflects dividends declared within the applicable period.

(4)Current quarter Common equity Tier 1 as well as Total risk-weighted assets, Tier 1 capital, Total risk-based capital and Leverage ratios are estimated.

(5)Excludes guaranteed residential first mortgages that are 90+ days past due and still accruing. Refer to the footnotes on page 19 for amounts related to these loans.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Consolidated Balance Sheets


	As of
($ amounts in millions)	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025
Assets:
Cash and due from banks	$	3,445	$	3,112	$	3,073	$	3,245	$	3,287
Interest-bearing deposits in other banks	7,698		7,795		9,026		7,930		11,029
Debt securities held to maturity	5,434		5,606		5,769		5,972		5,195
Debt securities available for sale	27,419		27,560		26,886		26,333		25,942
Loans held for sale	464		511		573		594		345
Loans, net of unearned income	97,926		95,637		96,125		96,723		95,733
Allowance for loan losses	(1,527)		(1,556)		(1,581)		(1,612)		(1,613)
Net loans	96,399		94,081		94,544		95,111		94,120
Other earning assets	1,635		1,703		1,513		1,682		1,412
Premises and equipment, net	1,666		1,659		1,742		1,755		1,726
Interest receivable	569		571		574		574		583
Goodwill	5,733		5,733		5,733		5,733		5,733
Residential mortgage servicing rights at fair value (MSRs)	954		970		976		988		979
Other identifiable intangible assets, net	133		140		146		153		161
Other assets	9,192		9,373		9,385		9,136		9,334
Total assets	$	160,741	$	158,814	$	159,940	$	159,206	$	159,846
Liabilities and Equity:
Deposits:
Non-interest-bearing	$	40,062	$	39,530	$	39,768	$	40,209	$	40,443
Interest-bearing	91,818		91,598		90,566		90,710		90,528
Total deposits	131,880		131,128		130,334		130,919		130,971
Borrowed funds:
Federal funds purchased and securities sold under agreements to repurchase	1,200		—		—		—		—
Other short-term borrowings	2,000		750		1,300		—		—
Short-term borrowings	3,200		750		1,300		—		—
Long-term borrowings	3,137		4,134		4,785		5,279		6,019

Other liabilities	3,680		3,699		4,426		4,302		4,289
Total liabilities	141,897		139,711		140,845		140,500		141,279
Equity:
Preferred stock, non-cumulative perpetual	1,369		1,369		1,369		1,369		1,715

Common stock	9		9		9		9		9
Additional paid-in capital	9,973		10,366		10,780		11,017		11,161
Retained earnings	10,517		10,205		9,922		9,609		9,299
Treasury stock, at cost	(1,371)		(1,371)		(1,371)		(1,371)		(1,371)
Accumulated other comprehensive income (loss), net	(1,718)		(1,535)		(1,660)		(1,967)		(2,283)
Total shareholders’ equity	18,779		19,043		19,049		18,666		18,530
Noncontrolling interest	65		60		46		40		37
Total equity	18,844		19,103		19,095		18,706		18,567
Total liabilities and equity	$	160,741	$	158,814	$	159,940	$	159,206	$	159,846

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

End of Period Loans


	As of
											3/31/2026				3/31/2026
($ amounts in millions)	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025		vs. 12/31/2025				vs. 3/31/2025
Commercial and industrial	$	50,824	$	48,790	$	49,234	$	49,586	$	48,879	$	2,034	4.2	%	$	1,945	4.0	%
Commercial real estate mortgage—owner-occupied	5,004		4,845		4,835		4,890		4,849		159		3.3	%	155		3.2	%
Commercial real estate construction—owner-occupied	261		263		285		275		316		(2)		(0.8)	%	(55)		(17.4)	%
Total commercial	56,089		53,898		54,354		54,751		54,044		2,191		4.1	%	2,045		3.8	%
Commercial investor real estate mortgage	7,706		7,172		7,122		6,949		6,376		534		7.4	%	1,330		20.9	%
Commercial investor real estate construction	1,938		1,934		1,948		2,149		2,457		4		0.2	%	(519)		(21.1)	%
Total investor real estate	9,644		9,106		9,070		9,098		8,833		538		5.9	%	811		9.2	%
Total business	65,733		63,004		63,424		63,849		62,877		2,729		4.3	%	2,856		4.5	%
Residential first mortgage	19,621		19,765		19,881		20,020		20,000		(144)		(0.7)	%	(379)		(1.9)	%
Home equity—lines of credit (1)	3,210		3,232		3,209		3,184		3,130		(22)		(0.7)	%	80		2.6	%
Home equity—closed-end (2)	2,287		2,324		2,340		2,352		2,371		(37)		(1.6)	%	(84)		(3.5)	%
Consumer credit card	1,472		1,519		1,437		1,415		1,384		(47)		(3.1)	%	88		6.4	%
Other consumer (3)	5,603		5,793		5,834		5,903		5,971		(190)		(3.3)	%	(368)		(6.2)	%
Total consumer	32,193		32,633		32,701		32,874		32,856		(440)		(1.3)	%	(663)		(2.0)	%
Total Loans	$	97,926	$	95,637	$	96,125	$	96,723	$	95,733	$	2,289	2.4	%	$	2,193	2.3	%

______

(1) The balance of Regions' home equity lines of credit consists of $1,389 million of first lien and $1,821 million of second lien at 3/31/2026.

(2) The balance of Regions' closed-end home equity loans consists of $1,708 million of first lien and $579 million of second lien at 3/31/2026.

(3) Other consumer loans also include Regions' Home Improvement Financing portfolio balances of $4.8 billion at 3/31/2026, $4.9 billion at 12/31/2025, $5.0 billion at 9/30/2025, $5.0 billion at 6/30/2025 and $5.1 billion at 3/31/2025.


	As of
End of Period Loans by Percentage(1)	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025
Commercial and industrial	51.9	%	51.0	%	51.2	%	51.3	%	51.1	%
Commercial real estate mortgage—owner-occupied	5.1	%	5.1	%	5.0	%	5.1	%	5.1	%
Commercial real estate construction—owner-occupied	0.3	%	0.3	%	0.3	%	0.3	%	0.3	%
Total commercial	57.3	%	56.4	%	56.5	%	56.6	%	56.5	%
Commercial investor real estate mortgage	7.8	%	7.5	%	7.4	%	7.2	%	6.7	%
Commercial investor real estate construction	2.0	%	2.0	%	2.0	%	2.2	%	2.6	%
Total investor real estate	9.8	%	9.5	%	9.4	%	9.4	%	9.2	%
Total business	67.1	%	65.9	%	66.0	%	66.0	%	65.7	%
Residential first mortgage	20.1	%	20.7	%	20.7	%	20.7	%	20.9	%
Home equity—lines of credit	3.3	%	3.4	%	3.3	%	3.3	%	3.3	%
Home equity—closed-end	2.3	%	2.4	%	2.4	%	2.4	%	2.5	%
Consumer credit card	1.5	%	1.6	%	1.5	%	1.5	%	1.4	%

Other consumer	5.7	%	6.1	%	6.1	%	6.1	%	6.2	%
Total consumer	32.9	%	34.1	%	34.0	%	34.0	%	34.3	%
Total Loans	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%

(1)Amounts have been calculated using whole dollar values, and therefore such amounts may not add to total amounts.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Average Balances of Loans


	Average Balances
($ amounts in millions)	1Q26		4Q25		3Q25		2Q25		1Q25		1Q26 vs. 4Q25				1Q26 vs. 1Q25
Commercial and industrial	$	49,572	$	48,769	$	49,588	$	49,033	$	49,209	$	803	1.6	%	$	363	0.7	%
Commercial real estate mortgage—owner-occupied	4,887		4,866		4,860		4,900		4,863		21		0.4	%	24		0.5	%
Commercial real estate construction—owner-occupied	259		260		274		270		317		(1)		(0.4)	%	(58)		(18.3)	%
Total commercial	54,718		53,895		54,722		54,203		54,389		823		1.5	%	329		0.6	%
Commercial investor real estate mortgage	7,381		7,210		7,087		6,805		6,484		171		2.4	%	897		13.8	%
Commercial investor real estate construction	1,946		1,906		2,051		2,204		2,267		40		2.1	%	(321)		(14.2)	%
Total investor real estate	9,327		9,116		9,138		9,009		8,751		211		2.3	%	576		6.6	%
Total business	64,045		63,011		63,860		63,212		63,140		1,034		1.6	%	905		1.4	%
Residential first mortgage	19,674		19,822		19,944		19,992		20,037		(148)		(0.7)	%	(363)		(1.8)	%
Home equity—lines of credit	3,216		3,219		3,197		3,168		3,135		(3)		(0.1)	%	81		2.6	%
Home equity—closed-end	2,298		2,327		2,341		2,357		2,374		(29)		(1.2)	%	(76)		(3.2)	%
Consumer credit card	1,473		1,458		1,420		1,397		1,394		15		1.0	%	79		5.7	%

Other consumer (1)	5,717		5,814		5,885		5,951		6,042		(97)		(1.7)	%	(325)		(5.4)	%
Total consumer	32,378		32,640		32,787		32,865		32,982		(262)		(0.8)	%	(604)		(1.8)	%
Total Loans	$	96,423	$	95,651	$	96,647	$	96,077	$	96,122	$	772	0.8	%	$	301	0.3	%

________

(1) Other consumer loans also include Regions' Home Improvement Financing portfolio balances of $4.8 billion at 3/31/2026, $4.9 billion at 12/31/2025, $5.0 billion at 9/30/2025, $5.1 billion at 6/30/2025 and $5.1 billion at 3/31/2025.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

End of Period Deposits


	As of
											3/31/2026			3/31/2026
($ amounts in millions)	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025		vs. 12/31/2025			vs. 3/31/2025

Non-interest-bearing deposits	$	40,062	$	39,530	$	39,768	$	40,209	$	40,443	$	532	1.3%	$	(381)	(0.9)%
Interest-bearing checking	25,017		25,677		24,669		24,704		25,281		(660)		(2.6)%	(264)		(1.0)%
Savings	12,405		11,914		11,944		12,187		12,466		491		4.1%	(61)		(0.5)%
Money market—domestic	41,288		40,119		39,051		38,525		37,289		1,169		2.9%	3,999		10.7%

Time deposits	13,108		13,888		14,902		15,294		15,492		(780)		(5.6)%	(2,384)		(15.4)%


Total Deposits	$	131,880	$	131,128	$	130,334	$	130,919	$	130,971	$	752	0.6%	$	909	0.7%

	As of
											3/31/2026			3/31/2026
($ amounts in millions)	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025		vs. 12/31/2025			vs. 3/31/2025
Consumer Bank Segment	$	81,271	$	80,193	$	79,689	$	79,953	$	80,627	$	1,078	1.3%	$	644	0.8%
Corporate Bank Segment	40,574		40,449		40,415		40,101		39,696		125		0.3%	878		2.2%
Wealth Management Segment	7,750		8,344		7,654		7,352		7,798		(594)		(7.1)%	(48)		(0.6)%
Other (1)	2,285		2,142		2,576		3,513		2,850		143		6.7%	(565)		(19.8)%
Total Deposits	$	131,880	$	131,128	$	130,334	$	130,919	$	130,971	$	752	0.6%	$	909	0.7%

	As of
											3/31/2026			3/31/2026
($ amounts in millions)	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025		vs. 12/31/2025			vs. 3/31/2025
Wealth Management - Private Wealth	$	6,741	$	7,149	$	6,698	$	6,433	$	6,931	$	(408)	(5.7)%	$	(190)	(2.7)%
Wealth Management - Institutional Services	1,009		1,195		956		919		867		(186)		(15.6)%	142		16.4%
Total Wealth Management Segment Deposits	$	7,750	$	8,344	$	7,654	$	7,352	$	7,798	$	(594)	(7.1)%	$	(48)	(0.6)%


	As of
End of Period Deposits by Percentage	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025
Non-interest-bearing deposits	30.4	%	30.1	%	30.5	%	30.7	%	30.9	%
Interest-bearing checking	19.0	%	19.6	%	18.9	%	18.9	%	19.3	%
Savings	9.4	%	9.1	%	9.2	%	9.3	%	9.5	%
Money market—domestic	31.3	%	30.6	%	30.0	%	29.4	%	28.5	%

Time deposits	9.9	%	10.6	%	11.4	%	11.7	%	11.8	%


Total Deposits	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%

(1)Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, selected deposits and brokered time deposits) and additional wholesale funding arrangements. Other deposits includes brokered deposits totaling $1.5 billion at 3/31/2026, $1.3 billion at 12/31/2025, $1.8 billion at 9/30/2025, $2.8 billion at 6/30/2025 and $2.2 billion at 3/31/2025.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Average Balances of Deposits


	Average Balances
($ amounts in millions)	1Q26		4Q25		3Q25		2Q25		1Q25		1Q26 vs. 4Q25				1Q26 vs. 1Q25

Non-interest-bearing deposits	$	39,160	$	39,459	$	39,538	$	39,556	$	39,053	$	(299)	(0.8)	%	$	107	0.3	%
Interest-bearing checking	25,245		24,528		24,274		24,865		25,033		717		2.9	%	212		0.8	%
Savings	12,075		11,876		12,046		12,300		12,177		199		1.7	%	(102)		(0.8)	%
Money market—domestic	40,366		39,591		38,593		37,389		35,625		775		2.0	%	4,741		13.3	%


Time deposits	13,388		14,396		15,124		15,334		15,799		(1,008)		(7.0)	%	(2,411)		(15.3)	%
Total Deposits	$	130,234	$	129,850	$	129,575	$	129,444	$	127,687	$	384	0.3	%	2,547		2.0	%


	Average Balances
($ amounts in millions)	1Q26		4Q25		3Q25		2Q25		1Q25		1Q26 vs. 4Q25				1Q26 vs. 1Q25
Consumer Bank Segment	$	79,599	$	79,437	$	79,698	$	79,912	$	78,712	$	162	0.2	%	$	887	1.1	%
Corporate Bank Segment	40,707		40,243		39,733		39,234		38,312		464		1.2	%	2,395		6.3	%
Wealth Management Segment	7,777		7,810		7,262		7,324		7,600		(33)		(0.4)	%	177		2.3	%
Other (1)	2,151		2,360		2,882		2,974		3,063		(209)		(8.9)	%	(912)		(29.8)	%
Total Deposits	$	130,234	$	129,850	$	129,575	$	129,444	$	127,687	$	384	0.3	%	$	2,547	2.0	%


	Average Balances
($ amounts in millions)	1Q26		4Q25		3Q25		2Q25		1Q25		1Q26 vs. 4Q25				1Q26 vs. 1Q25
Wealth Management - Private Wealth	$	6,747	$	6,719	$	6,604	$	6,705	$	6,897	$	28	0.4	%	$	(150)	(2.2)	%
Wealth Management - Institutional Services	1,030		1,091		658		619		703		(61)		(5.6)	%	327		46.5	%
Total Wealth Management Segment Deposits	$	7,777	$	7,810	$	7,262	$	7,324	$	7,600	$	(33)	(0.4)	%	$	177	2.3	%

(1)Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, selected deposits and brokered time deposits) and additional wholesale funding arrangements.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Consolidated Statements of Income (unaudited)


	Quarter Ended
($ amounts in millions, except per share data)	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025
Interest income on:
Loans, including fees	$	1,313	$	1,358	$	1,386	$	1,377	$	1,342
Debt securities	298		300		293		286		266
Loans held for sale	8		9		9		9		8
Other earning assets	83		101		108		112		109
Total interest income	1,702		1,768		1,796		1,784		1,725
Interest expense on:
Deposits	385		421		456		447		442
Short-term borrowings	17		4		8		1		4
Long-term borrowings	52		62		75		77		85
Total interest expense	454		487		539		525		531
Net interest income	1,248		1,281		1,257		1,259		1,194
Provision for credit losses	91		115		105		126		124
Net interest income after provision for credit losses	1,157		1,166		1,152		1,133		1,070
Non-interest income:
Service charges on deposit accounts	163		163		160		151		161
Card and ATM fees	117		123		122		125		117
Wealth management income	141		143		139		133		129
Capital markets income	84		80		104		83		80
Mortgage income	32		32		38		48		40
Securities gains (losses), net	(3)		—		(27)		(1)		(25)
Other	91		99		123		107		88
Total non-interest income	625		640		659		646		590
Non-interest expense:
Salaries and employee benefits	659		662		671		658		625
Equipment and software expense	108		112		106		104		99
Net occupancy expense	72		74		72		72		70
Other	229		250		254		239		245
Total non-interest expense	1,068		1,098		1,103		1,073		1,039
Income before income taxes	714		708		708		706		621
Income tax expense	155		174		139		143		131
Net income	$	559	$	534	$	569	$	563	$	490
Net income available to common shareholders	$	539	$	514	$	548	$	534	$	465
Weighted-average shares outstanding—during quarter:
Basic	863		875		890		898		906
Diluted	868		880		894		900		910
Actual shares outstanding—end of quarter	854		868		885		894		899



Earnings per common share: (1)
Basic	$	0.63	$	0.59	$	0.62	$	0.59	$	0.51
Diluted	$	0.62	$	0.58	$	0.61	$	0.59	$	0.51
Taxable-equivalent net interest income	$	1,261	$	1,294	$	1,269	$	1,271	$	1,206

________

(1) Quarterly amounts may not add to year-to-date amounts due to rounding.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Consolidated Average Daily Balances and Yield/Rate Analysis


	Quarter Ended
	3/31/2026						12/31/2025
($ amounts in millions; yields on taxable-equivalent basis)	Average Balance		Income/ Expense		Yield/ Rate (1)		Average Balance		Income/ Expense		Yield/ Rate (1)
Assets
Earning assets:

Debt securities (2)(3)	$	33,530	$	298	3.56	%	$	33,464	$	300	3.58	%
Loans held for sale	579		8		5.48		642		9		5.73
Loans, net of unearned income:
Commercial and industrial (4)	49,572		665		5.37		48,769		688		5.53
Commercial real estate mortgage—owner-occupied (5)	4,887		63		5.14		4,866		65		5.16
Commercial real estate construction—owner-occupied	259		4		5.60		260		3		5.72
Commercial investor real estate mortgage	7,381		106		5.72		7,210		116		6.29
Commercial investor real estate construction	1,946		32		6.51		1,906		33		6.85
Residential first mortgage	19,674		200		4.07		19,822		202		4.07
Home equity	5,514		89		6.50		5,546		91		6.57
Consumer credit card	1,473		51		14.00		1,458		51		14.06

Other consumer	5,717		116		8.26		5,814		122		8.26
Total loans, net of unearned income	96,423		1,326		5.51		95,651		1,371		5.65
Interest-bearing deposits in other banks	7,415		69		3.79		7,596		79		4.07
Other earning assets	1,481		14		3.72		1,456		22		6.21
Total earning assets	139,428		1,715		4.93		138,809		1,781		5.07
Unrealized gains/(losses) on debt securities available for sale, net (2)	(580)						(641)
Allowance for loan losses	(1,552)						(1,545)
Cash and due from banks	3,275						3,055
Other non-earning assets	18,716						18,429
	$	159,287					$	158,107
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings	$	12,075	4		0.13		$	11,876	3		0.10
Interest-bearing checking	25,245		71		1.15		24,528		78		1.26
Money market	40,366		207		2.08		39,591		220		2.20
Time deposits	13,388		103		3.12		14,396		120		3.33
Total interest-bearing deposits (6)	91,074		385		1.72		90,391		421		1.85
Federal funds purchased and securities sold under agreements to repurchase	655		7		3.66		52		2		3.91
Other short-term borrowings	1,077		10		3.80		211		2		4.25
Long-term borrowings	3,750		52		5.56		4,524		62		5.40
Total interest-bearing liabilities	96,556		454		1.91		95,178		487		2.03
Non-interest-bearing deposits (6)	39,160		—		—		39,459		—		—
Total funding sources	135,716		454		1.35		134,637		487		1.43
Net interest spread (2)					3.02						3.04
Other liabilities	4,435						4,438
Shareholders’ equity	19,077						18,986
Noncontrolling interest	59						46
	$	159,287					$	158,107
Net interest income/margin FTE basis (2)			$	1,261	3.67	%			$	1,294	3.70	%

_______

(1) Amounts have been calculated using whole dollar values and the prevailing interest accrual methodology.

(2) Debt securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.

(3) Interest income includes hedging income of $1 million for the quarter ended March 31, 2026 and $5 million for the quarter ended December 31, 2025.

(4) Interest income includes hedging expense of $32 million for the quarter ended March 31, 2026 and $44 million for the quarter ended December 31, 2025.

(5) Interest income includes hedging expense of $4 million for the quarter ended March 31, 2026 and $6 million for the quarter ended December 31, 2025.

(6) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest-bearing deposits. The rates for total deposit costs equal 1.20% for the quarter ended March 31, 2026 and 1.29% for the quarter ended December 31, 2025.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Consolidated Average Daily Balances and Yield/Rate Analysis (continued)


	Quarter Ended
	9/30/2025						6/30/2025						3/31/2025
($ amounts in millions; yields on taxable-equivalent basis)	Average Balance		Income/ Expense		Yield/ Rate (1)		Average Balance		Income/ Expense		Yield/ Rate (1)		Average Balance		Income/ Expense		Yield/ Rate (1)
Assets
Earning assets:
Federal funds sold and securities purchased under agreements to resell	$	—	$	—	—	%	$	1	$	—	4.44	%	$	1	$	—	4.44	%
Debt securities (2)(3)	33,223		293		3.53		32,882		286		3.48		32,280		266		3.30
Loans held for sale	662		9		5.52		500		9		7.14		441		8		7.27
Loans, net of unearned income:
Commercial and industrial (4)	49,588		714		5.65		49,033		708		5.72		49,209		687		5.58
Commercial real estate mortgage—owner-occupied (5)	4,860		62		5.04		4,900		63		5.02		4,863		59		4.87
Commercial real estate construction—owner-occupied	274		4		5.96		270		4		5.75		317		5		5.78
Commercial investor real estate mortgage	7,087		114		6.30		6,805		113		6.55		6,484		100		6.17
Commercial investor real estate construction	2,051		37		7.12		2,204		40		7.10		2,267		40		7.06
Residential first mortgage	19,944		202		4.06		19,992		200		3.99		20,037		198		3.96
Home equity	5,538		91		6.54		5,525		90		6.51		5,509		91		6.63

Consumer credit card	1,420		52		14.46		1,397		50		14.24		1,394		50		14.55

Other consumer	5,885		122		8.14		5,951		121		8.33		6,042		124		8.27
Total loans, net of unearned income	96,647		1,398		5.70		96,077		1,389		5.75		96,122		1,354		5.64
Interest-bearing deposits in other banks	8,316		94		4.51		8,737		97		4.49		8,537		94		4.45
Other earning assets	1,519		14		3.63		1,466		15		3.96		1,483		15		4.19
Total earning assets	140,367		1,808		5.09		139,663		1,796		5.12		138,864		1,737		5.01
Unrealized gains/(losses) on debt securities available for sale, net (2)	(1,001)						(1,348)						(1,716)
Allowance for loan losses	(1,616)						(1,643)						(1,625)
Cash and due from banks	2,892						2,893						2,957
Other non-earning assets	18,447						18,409						18,396
	$	159,089					$	157,974					$	156,876
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings	$	12,046	4		0.13		$	12,300	4		0.13		$	12,177	4		0.13
Interest-bearing checking	24,274		86		1.41		24,865		88		1.41		25,033		89		1.44
Money market	38,593		234		2.40		37,389		220		2.37		35,625		204		2.32
Time deposits	15,124		132		3.45		15,334		135		3.52		15,799		145		3.73
Total interest-bearing deposits (6)	90,037		456		2.01		89,888		447		1.99		88,634		442		2.02
Federal funds purchased and securities sold under agreements to repurchase	48		—		4.36		80		1		4.40		39		—		4.39
Other short-term borrowings	696		8		4.49		—		—		—		339		4		4.57
Long-term borrowings	5,527		75		5.39		5,660		77		5.36		6,001		85		5.65
Total interest-bearing liabilities	96,308		539		2.22		95,628		525		2.20		95,013		531		2.27
Non-interest-bearing deposits (6)	39,538		—		—		39,556		—		—		39,053		—		—
Total funding sources	135,846		539		1.57		135,184		525		1.55		134,066		531		1.60
Net interest spread (2)					2.87						2.92						2.75
Other liabilities	4,515						4,403						4,652
Shareholders’ equity	18,688						18,350						18,127
Noncontrolling interest	40						37						31
	$	159,089					$	157,974					$	156,876
Net interest income/margin FTE basis (2)			$	1,269	3.59	%			$	1,271	3.65	%			$	1,206	3.52	%

_______

(1) Amounts have been calculated using whole dollar values and the prevailing interest accrual methodology.

(2) Debt securities are included on an amortized cost basis with yield and net interest margin calculated accordingly.

(3) Interest income includes hedge income of $7 million for the quarter ended September 30, 2025, $6 million for the quarter ended June 30, 2025, and $2 million for the quarter ended March 31, 2025.

(4) Interest income includes hedging expense of $58 million for the quarter ended September 30, 2025, $53 million for the quarter ended June 30, 2025 and $60 million for the quarter ended March 31, 2025.

(5) Interest income includes hedging expense of $7 million for the quarter ended September 30, 2025, $7 million for the quarter ended June 30, 2025 and $7 million for the quarter ended March 31, 2025.

(6) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest-bearing deposits. The rates for total deposit costs equal 1.39% for the quarter ended September 30, 2025, 1.39% for the quarter ended June 30, 2025 and 1.40% for the quarter ended March 31, 2025.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Pre-Tax Pre-Provision Income ("PPI") (non-GAAP) and Adjusted PPI (non-GAAP)

The Pre-Tax Pre-Provision Income tables below present computations of pre-tax pre-provision income excluding certain adjustments (non-GAAP). Regions believes that the presentation of PPI and the exclusion of certain items from PPI provides a meaningful basis for period-to-period comparisons, which management believes will assist investors in analyzing the operating results of the Company and predicting future performance. These non-GAAP financial measures are also used by management to assess the performance of Regions’ business. It is possible that the activities related to the adjustments may recur; however, management does not consider the activities related to the adjustments to be indications of ongoing operations.


	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 and other (GAAP) (1)	20		20		21		29		25		—		—	%	(5)		(20.0)	%
Income tax expense (GAAP)	155		174		139		143		131		(19)		(10.9)	%	24		18.3	%
Income before income taxes (GAAP)	714		708		708		706		621		6		0.8	%	93		15.0	%
Provision for credit losses (GAAP)	91		115		105		126		124		(24)		(20.9)	%	(33)		(26.6)	%
Pre-tax pre-provision income (non-GAAP)	805		823		813		832		745		(18)		(2.2)	%	60		8.1	%
Other adjustments:
Securities (gains) losses, net	—		—		25		—		25		—		NM		(25)		(100.0)	%



FDIC insurance special assessment	—		(14)		(3)		(1)		1		14		100.0	%	(1)		(100.0)	%
Salaries and employee benefits—severance charges	—		—		—		1		1		—		NM		(1)		(100.0)	%
Branch consolidation, property and equipment charges	—		—		(5)		—		—		—		NM		—		NM




Professional, legal and regulatory expenses	—		—		—		—		2		—		NM		(2)		(100.0)	%
Total other adjustments	—		(14)		17		—		29		14		100.0	%	(29)		(100.0)	%
Adjusted pre-tax pre-provision income (non-GAAP)	$	805	$	809	$	830	$	832	$	774	$	(4)	(0.5)	%	$	31	4.0	%

_____

NM - Not meaningful

(1) The second quarter 2025 amount includes $4 million of deferred issuance costs recognized upon the redemption of Series D preferred stock.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Non-Interest Income


	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
Service charges on deposit accounts	$	163	$	163	$	160	$	151	$	161	$	—	—	%	$	2	1.2	%
Card and ATM fees	117		123		122		125		117		(6)		(4.9)	%	—		—	%
Wealth management income	141		143		139		133		129		(2)		(1.4)	%	12		9.3	%
Capital markets income (1)	84		80		104		83		80		4		5.0	%	4		5.0	%
Mortgage income	32		32		38		48		40		—		—	%	(8)		(20.0)	%
Commercial credit fee income	30		30		28		29		27		—		—	%	3		11.1	%
Bank-owned life insurance	30		23		25		24		23		7		30.4	%	7		30.4	%
Market value adjustments on employee benefit assets (2)	(5)		(5)		12		16		(3)		—		NM		(2)		66.7	%

Securities gains (losses), net	(3)		—		(27)		(1)		(25)		(3)		NM		22		88.0	%

Other miscellaneous income	36		51		58		38		41		(15)		(29.4)	%	(5)		(12.2)	%
Total non-interest income	$	625	$	640	$	659	$	646	$	590	$	(15)	(2.3)	%	$	35	5.9	%

Service Charges on Deposit Accounts by Segment


	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
Consumer Bank Segment (3)	$	96	$	101	$	99	$	90	$	96	$	(5)	(5.0)	%	$	—	—	%
Corporate Bank Segment (4)	66		61		61		60		64		5		8.2	%	2		3.1	%
Wealth Management Segment	1		1		—		1		1		—		—	%	—		—	%

Total service charges on deposit accounts	$	163	$	163	$	160	$	151	$	161	$	—	—	%	$	2	1.2	%

Wealth Management Income


	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
Investment management and trust fee income	$	92	$	95	$	91	$	90	$	86	$	(3)	(3.2)	%	$	6	7.0	%
Investment services fee income	49		48		48		43		43		1		2.1	%	6		14.0	%
Total wealth management income (5)	$	141	$	143	$	139	$	133	$	129	$	(2)	(1.4)	%	$	12	9.3	%

Capital Markets Income


	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
Capital markets income	$	84	$	80	$	104	$	83	$	80	$	4	5.0	%	$	4	5.0	%
Less: Valuation adjustments on customer derivatives (6)	1		—		—		(2)		(1)		1		NM		2		200.0	%
Capital markets income excluding valuation adjustments	$	83	$	80	$	104	$	85	$	81	$	3	3.8	%	$	2	2.5	%

Mortgage Income


	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
Production and sales	$	18		$	17		$	17		$	17		$	13		$	1	5.9	%	$	5	38.5	%
Loan servicing	46			47			47			47			47			(1)		(2.1)	%	(1)		(2.1)	%
MSR and related hedge impact:
MSRs fair value increase (decrease) due to change in valuation inputs or assumptions	1			13			1			16			(10)			(12)		(92.3)	%	11		(110.0)	%
MSRs hedge gain (loss)	(3)			(16)			1			(4)			18			13		81.3	%	(21)		(116.7)	%
MSRs change due to payment decay	(30)			(29)			(28)			(28)			(28)			(1)		(3.4)	%	(2)		(7.1)	%
MSR and related hedge impact	(32)			(32)			(26)			(16)			(20)			—		—	%	(12)		(60.0)	%
Total mortgage income	$	32		$	32		$	38		$	48		$	40		$	—	—	%	$	(8)	(20.0)	%

Mortgage production - portfolio	$	451		$	463		$	465		$	602		$	355		$	(12)	(2.6)	%	$	96	27.0	%
Mortgage production - agency/secondary market	516			494			504			516			371			22		4.5	%	145		39.1	%
Total mortgage production	$	967		$	957		$	969		$	1,118		$	726		$	10	1.0	%	$	241	33.2	%

Mortgage production - purchased	61.2		%	71.7		%	81.4		%	82.5		%	82.9		%
Mortgage production - refinanced	38.8		%	28.3		%	18.6		%	17.5		%	17.1		%

_________

NM - Not Meaningful

(1)Capital markets income primarily relates to capital raising activities that includes debt securities underwriting and placement, loan syndication and placement, as well as foreign exchange, derivative and merger and acquisition advisory services.

(2)These market value adjustments relate to assets held for employee and director benefits that are offset within salaries and employee benefits expense and other non-interest expense.

(3)Consumer overdraft fees represent approximately half of these amounts each quarter.

(4)The majority of these amounts relate to Treasury Management (TM) activities and typically represent approximately two-thirds of total TM revenue each quarter.

(5)Total wealth management income does not include certain smaller dollar amounts that are attributable to the wealth management segment.

(6)For the purposes of determining the fair value of customer derivatives, the Company considers the risk of nonperformance by counterparties, as well as the Company's own risk of nonperformance. The valuation adjustments above are reflective of the values associated with these considerations.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Non-Interest Expense


	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
Salaries and employee benefits	$	659	$	662	$	671	$	658	$	625	$	(3)	(0.5)	%	$	34	5.4	%
Equipment and software expense	108		112		106		104		99		(4)		(3.6)	%	9		9.1	%
Net occupancy expense	72		74		72		72		70		(2)		(2.7)	%	2		2.9	%
Outside services	42		45		42		39		40		(3)		(6.7)	%	2		5.0	%
Marketing	29		29		28		26		30		—		—	%	(1)		(3.3)	%
Professional, legal and regulatory expenses	28		30		30		28		23		(2)		(6.7)	%	5		21.7	%
Credit/checkcard expenses	14		18		15		16		15		(4)		(22.2)	%	(1)		(6.7)	%
FDIC insurance assessments	19		3		15		20		20		16		NM		(1)		(5.0)	%
Visa class B shares expense	1		8		8		4		7		(7)		(87.5)	%	(6)		(85.7)	%

Operational losses	10		9		18		13		13		1		11.1	%	(3)		(23.1)	%
Branch consolidation, property and equipment charges	—		—		(5)		—		—		—		NM		—		NM
Other miscellaneous expenses	86		108		103		93		97		(22)		(20.4)	%	(11)		(11.3)	%
Total non-interest expense	$	1,068	$	1,098	$	1,103	$	1,073	$	1,039	$	(30)	(2.7)	%	$	29	2.8	%

Salaries and Benefits Expense



	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
Salaries and employee benefits	$	659	$	662	$	671	$	658	$	625	$	(3)	(0.5)	%	$	34	5.4	%
Less: Market value adjustments on supplemental 401(k) liabilities	(4)		6		13		16		(1)		(10)		(166.7)	%	(3)		(300.0)	%
Salaries and employee benefits less market value adjustments on employee benefits liabilities	$	663	$	656	$	658	$	642	$	626	$	7	1.1	%	$	37	5.9	%

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures

Adjusted Efficiency Ratios, Adjusted Fee Income Ratios, Adjusted Non-Interest Income/Expense, Adjusted Operating Leverage Ratios, and Adjusted Total Revenue

The table below presents computations of the efficiency ratio, which is a measure of productivity, generally calculated as non-interest expense divided by total revenue; and the fee income ratio, generally calculated as non-interest income divided by total revenue. Management uses these ratios to monitor performance and believes these measures provide meaningful information to investors. Non-interest expense (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest expense (non-GAAP), which is the numerator for the adjusted efficiency ratio. Non-interest income (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest income (non-GAAP), which is the numerator for the adjusted fee income ratio. Net interest income and non-interest income are added together to arrive at total revenue. Adjustments are made to arrive at adjusted total revenue (non-GAAP). Net interest income on a taxable-equivalent basis and non-interest income are added together to arrive at total revenue on a taxable-equivalent basis (GAAP). Adjustments are made to arrive at adjusted total revenue on a taxable-equivalent basis (non-GAAP), which is the denominator for the adjusted fee income and adjusted efficiency ratios. Also presented is a computation of the adjusted operating leverage ratio (non-GAAP), which is the period-to-period percentage change in adjusted total revenue on a taxable-equivalent basis (non-GAAP) less the percentage change in adjusted non-interest expense (non-GAAP).


		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	%
Adjustments:

FDIC insurance special assessment		—			14			3			1			(1)			(14)		(100.0)	%	1		100.0	%
Branch consolidation, property and equipment charges		—			—			5			—			—			—		NM		—		NM
Salaries and employee benefits—severance charges		—			—			—			(1)			(1)			—		NM		1		100.0	%

Professional, legal and regulatory expenses		—			—			—			—			(2)			—		NM		2		100.0	%


Adjusted non-interest expense (non-GAAP)	B	$	1,068		$	1,112		$	1,111		$	1,073		$	1,035		$	(44)	(4.0)	%	$	33	3.2	%





Net interest income (GAAP)	C	$	1,248		$	1,281		$	1,257		$	1,259		$	1,194		$	(33)	(2.6)	%	$	54	4.5	%
Taxable-equivalent adjustment		13			13			12			12			12			—		—	%	1		8.3	%
Net interest income, taxable-equivalent basis (GAAP)	D	$	1,261		$	1,294		$	1,269		$	1,271		$	1,206		$	(33)	(2.6)	%	$	55	4.6	%





Non-interest income (GAAP)	E	$	625		$	640		$	659		$	646		$	590		$	(15)	(2.3)	%	$	35	5.9	%
Adjustments:
Securities (gains) losses, net		—			—			25			—			25			—		NM		(25)		(100.0)	%



Adjusted non-interest income (non-GAAP)	F	$	625		$	640		$	684		$	646		$	615		$	(15)	(2.3)	%	$	10	1.6	%


Total revenue (GAAP)	C+E=G	$	1,873		$	1,921		$	1,916		$	1,905		$	1,784		$	(48)	(2.5)	%	$	89	5.0	%
Adjusted total revenue (non-GAAP)	C+F=H	$	1,873		$	1,921		$	1,941		$	1,905		$	1,809		$	(48)	(2.5)	%	$	64	3.5	%
Total revenue, taxable-equivalent basis (GAAP)	D+E=I	$	1,886		$	1,934		$	1,928		$	1,917		$	1,796		$	(48)	(2.5)	%	$	90	5.0	%
Adjusted total revenue, taxable-equivalent basis (non-GAAP)	D+F=J	$	1,886		$	1,934		$	1,953		$	1,917		$	1,821		$	(48)	(2.5)	%	$	65	3.6	%
Operating leverage ratio (GAAP) (1)	I-A																		0.3	%			2.2	%
Adjusted operating leverage ratio (non-GAAP) (1)	J-B																		1.5	%			0.3	%
Efficiency ratio (GAAP) (1)	A/I	56.6		%	56.8		%	57.2		%	56.0		%	57.9		%
Adjusted efficiency ratio (non-GAAP) (1)	B/J	56.6		%	57.5		%	56.9		%	56.0		%	56.8		%
Fee income ratio (GAAP) (1)	E/I	33.1		%	33.1		%	34.2		%	33.7		%	32.9		%
Adjusted fee income ratio (non-GAAP) (1)	F/J	33.1		%	33.1		%	35.0		%	33.7		%	33.8		%

________

NM - Not Meaningful

(1) Amounts have been calculated using whole dollar values.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures

Adjusted Net Income Available to Common Shareholders, Adjusted Diluted EPS, and Return Ratios

The table below provides a reconciliation of net income available to common shareholders (GAAP) to adjusted net income available to common shareholders (non-GAAP), a computation of adjusted diluted EPS (non-GAAP), and calculations of “average tangible common shareholders’ equity” (non-GAAP) and related ratios. Net income available to common shareholders (GAAP) is presented excluding certain adjustments, net of tax, to arrive at adjusted net income available to common shareholders (non-GAAP), which is the numerator for adjusted diluted EPS (non-GAAP). Management uses these ratios to monitor performance and believes these measures provide meaningful information to investors. Average tangible common shareholders’ equity ratios have become a focus of some investors and management believes they may assist investors in analyzing the capital position of the Company absent the effects of intangible assets and preferred stock. Analysts and banking regulators have assessed Regions’ capital adequacy using the average tangible common shareholders’ equity measure. Because average tangible common shareholders’ equity is not formally defined by GAAP or prescribed in any amount by federal banking regulations it is currently considered to be a non-GAAP financial measure and other entities may calculate it differently than Regions’ disclosed calculations. In calculating return on average tangible common shareholders' equity ratios, Regions makes adjustments to shareholders' equity including average intangible assets and related deferred taxes, and average preferred stock. Regions also presents an adjusted tangible common shareholder ratio using adjusted net income (non-GAAP) as the numerator. Management uses these metrics to monitor performance and believes these measures provide meaningful information to investors.


		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		$	534		$	465		$	25	4.9	%	$	74	15.9	%
Adjustments:
Securities (gains) losses, net		—			—			25			—			25			—		NM		(25)		(100.0)	%



FDIC insurance special assessment		—			(14)			(3)			(1)			1			14		100.0	%	(1)		(100.0)	%
Salaries and employee benefits—severance charges		—			—			—			1			1			—		NM		(1)		(100.0)	%
Branch consolidation, property and equipment charges		—			—			(5)			—			—			—		NM		—		NM




Professional, legal and regulatory expenses		—			—			—			—			2			—		NM		(2)		(100.0)	%
Preferred stock redemption expense (1)		—			—			—			4			—			—		NM		—		NM
Total adjustments		—			(14)			17			4			29			$	14	100.0	%	$	(29)	(100.0)	%
Tax impact of adjusted items (2)		—			4			(4)			—			(7)			(4)		(100.0)	%	7		100.0	%
Adjusted net income available to common shareholders (non-GAAP)	B	$	539		$	504		$	561		$	538		$	487		$	35	6.9	%	$	52	10.7	%
Weighted-average diluted shares	C	868			880			894			900			910
Diluted EPS (GAAP) (3)	A/C	$	0.62		$	0.58		$	0.61		$	0.59		$	0.51		$	0.04	6.9	%	$	0.11	21.6	%
Adjusted diluted EPS (non-GAAP) (3)	B/C	$	0.62		$	0.57		$	0.63		$	0.60		$	0.54		$	0.05	8.8	%	$	0.08	14.8	%

Average shareholders' equity (GAAP)		19,077			18,986			18,688			18,350			18,127			91		0.5	%	950		5.2	%
Less: Average preferred stock (GAAP)		1,369			1,369			1,369			1,513			1,715			—		—	%	(346)		(20.2)	%
Average common shareholders' equity (GAAP)	D	17,708			17,617			17,319			16,837			16,412			91		0.5	%	1,296		7.9	%
Less:
Average intangible assets (GAAP)		5,869			5,876			5,883			5,891			5,899			(7)		(0.1)	%	(30)		(0.5)	%
Average deferred tax liability related to intangibles (GAAP)		(138)			(135)			(131)			(127)			(126)			(3)		(2.2)	%	(12)		(9.5)	%
Average tangible common shareholders' equity (non-GAAP)	E	$	11,977		$	11,876		$	11,567		$	11,073		$	10,639		101		0.9	%	1,338		12.6	%
Return on average common shareholders' equity (GAAP) (3)*	A/D	12.35		%	11.58		%	12.56		%	12.72		%	11.49		%
Return on average tangible common shareholders' equity (non-GAAP) (3)*	A/E	18.26		%	17.17		%	18.81		%	19.34		%	17.72		%
Adjusted return on average tangible common shareholders' equity (non-GAAP) (3)*	B/E	18.26		%	16.84		%	19.24		%	19.48		%	18.58		%

_______

*Annualized

NM - Not Meaningful

(1) In the second quarter of 2025, the Company redeemed its Series D preferred stock. The initial issuance costs reduced net income to common shareholders when the shares were redeemed. This is a non-taxable expense.

(2) Unless separately noted, the tax impact for adjustments has been calculated using a nominal tax rate of 25 percent.

(3) Amounts calculated based upon whole dollar values.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures

Tangible Common Ratios

The following table provides a reconciliation of shareholders’ equity (GAAP) to tangible common shareholders’ equity (non-GAAP) and the calculations of the end of period “tangible common shareholders’ equity to tangible assets” and "tangible common book value per share" ratios (non-GAAP). Since analysts and banking regulators may assess Regions’ capital adequacy using tangible common shareholders' equity, management believes that it is useful to provide investors the ability to assess Regions’ capital adequacy on this same basis.


		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)		1,369			1,369			1,369			1,369			1,715
Common shareholders' equity (GAAP)	B	17,410			17,674			17,680			17,297			16,815
Less:
Intangible assets (GAAP)		5,866			5,873			5,879			5,886			5,894
Deferred tax liability related to intangibles (GAAP)		(141)			(138)			(133)			(130)			(126)
Tangible common shareholders’ equity (non-GAAP)	C	$	11,685		$	11,939		$	11,934		$	11,541		$	11,047
Total assets (GAAP)	D	$	160,741		$	158,814		$	159,940		$	159,206		$	159,846
Less:
Intangible assets (GAAP)		5,866			5,873			5,879			5,886			5,894
Deferred tax liability related to intangibles (GAAP)		(141)			(138)			(133)			(130)			(126)
Tangible assets (non-GAAP)	E	$	155,016		$	153,079		$	154,194		$	153,450		$	154,078
Shares outstanding—end of quarter	F	854			868			885			894			899
Total equity to total assets (GAAP) (1)	A/D	11.68		%	11.99		%	11.91		%	11.72		%	11.59		%
Tangible common shareholders’ equity to tangible assets (non-GAAP) (1)	C/E	7.54		%	7.80		%	7.74		%	7.52		%	7.17		%
Common book value per share (GAAP) (1)	B/F	$	20.39		$	20.36		$	19.98		$	19.35		$	18.70
Tangible common book value per share (non-GAAP) (1)	C/F	$	13.69		$	13.75		$	13.49		$	12.91		$	12.29

____

(1)Amounts have been calculated using whole dollar values.

Common equity Tier 1 (CET1) Ratios

The following table presents CET1 and CET1 adjusted to include certain components of AOCI (non-GAAP). CET1 is a capital adequacy measure established by federal banking regulators under the Basel III framework. Banking institutions that meet requirements under the regulations are required to maintain certain minimum capital requirements, including a minimum CET1 ratio. This measure is utilized by analysts and banking regulators to assess Regions’ capital adequacy. Under the framework, Regions elected to remove certain of the effects of AOCI in the calculation of CET1. Adjustments to the calculation prescribed in federal banking regulations are considered to be non-GAAP financial measures. Adjustments to CET1 include certain portions of AOCI to arrive at CET1 inclusive of AOCI (non-GAAP), which is a potential impact under recent proposed rulemaking standards. Since analysts and banking regulators may assess Regions’ capital adequacy using proposed rulemaking standards, management believes that it is useful to provide investors the ability to assess Regions’ capital adequacy on this same basis.


		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 loss on securities (2)		(1,172)			(1,076)			(1,241)			(1,485)			(1,645)
AOCI loss on defined benefit pension plans and other post employment benefits		(387)			(391)			(396)			(401)			(406)
Common equity Tier 1 (inclusive of AOCI) (non-GAAP)	B	$	11,860		$	12,023		$	11,983		$	11,647		$	11,304
Total risk-weighted assets (1)	C	$	125,860		$	123,882		$	125,386		$	125,755		$	123,755

Common equity Tier 1 ratio (1)(3)	A/C	10.7		%	10.9		%	10.9		%	10.8		%	10.8		%
Common equity Tier 1 ratio (inclusive of AOCI) (non-GAAP) (1)(3)	B/C	9.4		%	9.7		%	9.6		%	9.3		%	9.1		%

____

(1)Current quarter Common equity Tier 1 as well as Total risk-weighted assets are estimated.

(2)Represents AOCI loss on both available for sale and held to maturity securities.

(3)Amounts have been calculated using whole dollar values.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Asset Quality


	As of and for Quarter Ended
($ amounts in millions)	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025
Beginning allowance for loan losses (ALL)	$	1,556	$	1,581	$	1,612	$	1,613	$	1,613



Loans charged-off:
Commercial and industrial	88		92		57		70		57
Commercial real estate mortgage—owner-occupied	—		1		1		—		2

Total commercial	88		93		58		70		59
Commercial investor real estate mortgage	—		4		34		2		22

Total investor real estate	—		4		34		2		22
Residential first mortgage	—		—		1		1		—
Home equity—lines of credit	1		—		—		1		—
Home equity—closed-end	—		1		—		—		—
Consumer credit card	18		17		16		17		17

Other consumer	44		52		51		42		47
Total consumer	63		70		68		61		64
Total	151		167		160		133		145

Recoveries of loans previously charged-off:
Commercial and industrial	9		11		10		10		11
Commercial real estate mortgage—owner-occupied	—		—		1		—		—
Commercial real estate construction—owner-occupied	—		—		—		—		1
Total commercial	9		11		11		10		12
Commercial investor real estate mortgage	—		1		2		—		—

Total investor real estate	—		1		2		—		—
Residential first mortgage	—		1		—		1		—
Home equity—lines of credit	1		1		1		2		—
Home equity—closed-end	—		1		—		—		—
Consumer credit card	3		2		2		2		3

Other consumer	8		8		9		5		7
Total consumer	12		13		12		10		10
Total	21		25		25		20		22

Net charge-offs (recoveries):
Commercial and industrial	79		81		47		60		46
Commercial real estate mortgage—owner-occupied	—		1		—		—		2
Commercial real estate construction—owner-occupied	—		—		—		—		(1)
Total commercial	79		82		47		60		47
Commercial investor real estate mortgage	—		3		32		2		22

Total investor real estate	—		3		32		2		22
Residential first mortgage	—		(1)		1		—		—
Home equity—lines of credit	—		(1)		(1)		(1)		—

Consumer credit card	15		15		14		15		14

Other consumer	36		44		42		37		40
Total consumer	51		57		56		51		54
Total	130		142		135		113		123

Provision for loan losses	101		117		104		112		123

Ending allowance for loan losses (ALL)	1,527		1,556		1,581		1,612		1,613
Beginning reserve for unfunded credit commitments	130		132		131		117		116
Provision for (benefit from) unfunded credit losses	(10)		(2)		1		14		1
Ending reserve for unfunded commitments	120		130		132		131		117
Allowance for credit losses (ACL) at period end	$	1,647	$	1,686	$	1,713	$	1,743	$	1,730

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release


Asset Quality (continued)

	As of and for Quarter Ended
($ amounts in millions)	3/31/2026			12/31/2025			9/30/2025			6/30/2025			3/31/2025
Net loan charge-offs as a % of average loans, annualized (1):
Commercial and industrial	0.65		%	0.66		%	0.37		%	0.49		%	0.38		%
Commercial real estate mortgage—owner-occupied	(0.03)		%	0.02		%	0.04		%	—		%	0.14		%
Commercial real estate construction—owner-occupied	(0.05)		%	(0.07)		%	(0.01)		%	(0.01)		%	(0.84)		%
Total commercial	0.58		%	0.60		%	0.34		%	0.45		%	0.35		%
Commercial investor real estate mortgage	0.02		%	0.15		%	1.82		%	0.10		%	1.38		%

Total investor real estate	0.02		%	0.12		%	1.41		%	0.07		%	1.02		%
Residential first mortgage	—		%	—		%	0.01		%	—		%	—		%
Home equity—lines of credit	(0.01)		%	(0.10)		%	(0.12)		%	(0.05)		%	(0.04)		%
Home equity—closed-end	(0.02)		%	—		%	(0.01)		%	(0.01)		%	(0.01)		%
Consumer credit card	4.17		%	4.08		%	3.94		%	4.24		%	4.18		%
Other consumer	2.51		%	2.97		%	2.83		%	2.50		%	2.68		%
Total consumer	0.63		%	0.70		%	0.67		%	0.63		%	0.66		%
Total	0.54		%	0.59		%	0.55		%	0.47		%	0.52		%
Non-performing loans, excluding loans held for sale	$	692		$	698		$	758		$	776		$	843
Non-performing loans held for sale	1			—			12			16			26
Non-performing loans, including loans held for sale	693			698			770			792			869
Foreclosed properties	20			17			18			16			15

Non-performing assets (NPAs)	$	713		$	715		$	788		$	808		$	884
Loans past due > 90 days (2)	$	170		$	180		$	154		$	171		$	179


Criticized loans—business (3)	$	3,384		$	3,342		$	3,682		$	4,608		$	4,918
Credit Ratios (1):
ACL/Loans, net	1.68		%	1.76		%	1.78		%	1.80		%	1.81		%
ALL/Loans, net	1.56		%	1.63		%	1.64		%	1.67		%	1.69		%
Business criticized loans to total business loans	5.15		%	5.31		%	5.81		%	7.22		%	7.82		%
Allowance for credit losses to non-performing loans, excluding loans held for sale	238		%	242		%	226		%	225		%	205		%
Allowance for loan losses to non-performing loans, excluding loans held for sale	221		%	223		%	208		%	208		%	191		%
Non-performing loans, excluding loans held for sale/Loans, net	0.71		%	0.73		%	0.79		%	0.80		%	0.88		%
NPAs (ex. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale	0.73		%	0.75		%	0.82		%	0.84		%	0.92		%
NPAs (inc. 90+ past due)/Loans, foreclosed properties, and non-performing loans held for sale (2)	0.90		%	0.94		%	0.98		%	1.01		%	1.11		%

(1)Amounts have been calculated using whole dollar values.

(2)Excludes guaranteed residential first mortgages that are 90+ days past due and still accruing. Refer to the footnotes on page 19 for amounts related to these loans.

(3)Business represents the combined total of commercial and investor real estate loans.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Non-Performing Loans (excludes loans held for sale)


	As of
($ amounts in millions, %'s calculated using whole dollar values)	3/31/2026				12/31/2025				9/30/2025				6/30/2025				3/31/2025
Commercial and industrial	$	471	0.93	%	$	474	0.97	%	$	524	1.06	%	$	391	0.79	%	$	418	0.85	%
Commercial real estate mortgage—owner-occupied	53		1.06	%	45		0.92	%	41		0.85	%	45		0.92	%	40		0.83	%
Commercial real estate construction—owner-occupied	2		0.85	%	2		0.85	%	1		0.43	%	1		0.46	%	1		0.41	%
Total commercial	526		0.94	%	521		0.97	%	566		1.04	%	437		0.80	%	459		0.85	%
Commercial investor real estate mortgage	103		1.33	%	121		1.69	%	137		1.92	%	283		4.08	%	327		5.14	%
Total investor real estate	103		1.06	%	121		1.33	%	137		1.51	%	283		3.12	%	327		3.71	%
Residential first mortgage	30		0.16	%	25		0.12	%	24		0.12	%	24		0.12	%	25		0.12	%
Home equity—lines of credit	25		0.77	%	24		0.74	%	24		0.73	%	26		0.79	%	26		0.82	%
Home equity—closed-end	8		0.34	%	7		0.32	%	7		0.31	%	6		0.26	%	6		0.27	%
Total consumer	63		0.20	%	56		0.17	%	55		0.17	%	56		0.17	%	57		0.17	%
Total non-performing loans	$	692	0.71	%	$	698	0.73	%	$	758	0.79	%	$	776	0.80	%	$	843	0.88	%

Early and Late Stage Delinquencies


Accruing 30-89 Days Past Due Loans	As of
($ amounts in millions, %'s calculated using whole dollar values)	3/31/2026				12/31/2025				9/30/2025				6/30/2025				3/31/2025
Commercial and industrial	$	50	0.10	%	$	55	0.11	%	$	63	0.13	%	$	67	0.14	%	$	68	0.14	%
Commercial real estate mortgage—owner-occupied	4		0.08	%	6		0.11	%	10		0.21	%	8		0.17	%	3		0.07	%

Total commercial	54		0.10	%	61		0.11	%	73		0.13	%	75		0.14	%	71		0.13	%
Commercial investor real estate mortgage	1		0.01	%	—		—	%	28		0.40	%	—		—	%	20		0.31	%
Commercial investor real estate construction	—		—	%	—		—	%	—		—	%	1		0.05	%	—		—	%
Total investor real estate	1		0.01	%	—		—	%	28		0.31	%	1		0.01	%	20		0.23	%
Residential first mortgage—non-guaranteed (1)	127		0.66	%	144		0.74	%	132		0.68	%	114		0.58	%	119		0.61	%
Home equity—lines of credit	22		0.69	%	25		0.79	%	28		0.89	%	25		0.77	%	23		0.72	%
Home equity—closed-end	13		0.57	%	15		0.62	%	14		0.57	%	11		0.48	%	13		0.56	%
Consumer credit card	21		1.39	%	22		1.48	%	20		1.40	%	20		1.46	%	19		1.37	%
Other consumer	66		1.19	%	75		1.31	%	68		1.18	%	66		1.11	%	68		1.15	%
Total consumer (1)	249		0.79	%	281		0.88	%	262		0.81	%	236		0.73	%	242		0.75	%
Total accruing 30-89 days past due loans (1)	$	304	0.31	%	$	342	0.36	%	$	363	0.38	%	$	312	0.32	%	$	333	0.35	%

Accruing 90+ Days Past Due Loans	As of
($ amounts in millions, %'s calculated using whole dollar values)	3/31/2026				12/31/2025				9/30/2025				6/30/2025				3/31/2025
Commercial and industrial	$	5	0.01	%	$	6	0.01	%	$	4	0.01	%	$	19	0.04	%	$	22	0.05	%
Commercial real estate mortgage—owner-occupied	1		0.01	%	—		0.01	%	2		0.05	%	1		0.02	%	1		0.01	%
Total commercial	6		0.01	%	6		0.01	%	6		0.01	%	20		0.04	%	23		0.04	%


Residential first mortgage—non-guaranteed (2)	100		0.52	%	105		0.55	%	84		0.43	%	89		0.46	%	93		0.47	%
Home equity—lines of credit	14		0.42	%	15		0.45	%	14		0.43	%	12		0.38	%	13		0.42	%
Home equity—closed-end	8		0.35	%	8		0.37	%	7		0.30	%	7		0.30	%	6		0.26	%
Consumer credit card	22		1.52	%	22		1.41	%	20		1.42	%	20		1.39	%	21		1.49	%
Other consumer	20		0.35	%	24		0.40	%	23		0.39	%	23		0.39	%	23		0.38	%
Total consumer (2)	164		0.52	%	174		0.54	%	148		0.46	%	151		0.47	%	156		0.48	%
Total accruing 90+ days past due loans (2)	$	170	0.17	%	$	180	0.19	%	$	154	0.16	%	$	171	0.18	%	$	179	0.19	%

Total delinquencies (1) (2)	$	474	0.49	%	$	522	0.55	%	$	517	0.54	%	$	483	0.50	%	$	512	0.54	%

(1)Excludes loans that are 100% guaranteed by FHA and guaranteed loans sold to Ginnie Mae where Regions has the right but not the obligation to repurchase; however, includes Ginnie Mae repurchased loans with partial guarantees. Total 30-89 days past due guaranteed loans excluded were $62 million at 3/31/2026, $66 million at 12/31/2025, $62 million at 9/30/2025, $57 million at 6/30/2025, and $52 million at 3/31/2025.

(2)Excludes loans that are 100% guaranteed by FHA and all guaranteed loans sold to Ginnie Mae where Regions has the right but not the obligation to repurchase; however, includes Ginnie Mae repurchased loans with partial guarantees. Total 90 days or more past due guaranteed loans excluded were $94 million at 3/31/2026, $79 million at 12/31/2025, $48 million at 9/30/2025, $44 million at 6/30/2025, and $53 million at 3/31/2025.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to First Quarter 2026 Earnings Release

Forward-Looking Statements

This supplement, 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 make forward-looking public statements concerning the matters described herein. The words “future,” “anticipates,” “assumes,” “intends,” “plans,” “seeks,” “believes,” “predicts,” “potential,” “objectives,” “estimates,” “expects,” “targets,” “projects,” “outlook,” “forecast,” “would,” “will,” “may,” “might,” “could,” “should,” “can,” and similar terms, expressions, and graphics often signify forward-looking statements. Forward-looking statements are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond our control. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results or other developments. Forward-looking statements are based on management’s current expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. Those statements are based on general assumptions and are subject to various risks, and because they also relate to the future, they are likewise subject to inherent uncertainties and other factors that may cause actual results to differ materially from the views, beliefs and projections expressed in such statements. Therefore, we caution you against relying on any of these forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, those described below: