v3.25.0.1
Parent Company Only Financial Statements
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Parent Company Only Financial Statements
Presented below are condensed financial statements of Regions Financial Corporation:
 Balance Sheets
December 31
 20242023
 (In millions)
Assets
Interest-bearing deposits in other banks$2,420 $1,869 
Debt securities available for sale20 20 
Premises and equipment, net45 47 
Investments in subsidiaries:
Banks18,407 16,882 
Non-banks515 425 
18,922 17,307 
Other assets274 291 
Total assets$21,681 $19,534 
Liabilities and Shareholders’ Equity
Long-term borrowings$3,495 $1,832 
Other liabilities307 273 
Total liabilities3,802 2,105 
Shareholders’ equity:
Preferred stock1,715 1,659 
Common stock9 10 
Additional paid-in capital11,394 11,757 
Retained earnings 9,060 8,186 
Treasury stock, at cost(1,371)(1,371)
Accumulated other comprehensive income (loss), net(2,928)(2,812)
Total shareholders’ equity17,879 17,429 
Total liabilities and shareholders’ equity$21,681 $19,534 
Statements of Income
 Year Ended December 31
 202420232022
 (In millions)
Income:
Dividends received from subsidiaries$2,095 $1,609 $1,351 
Interest from subsidiaries43 1 4 
Other10 7 (3)
2,148 1,617 1,352 
Expenses:
Salaries and employee benefits76 65 64 
Interest expense177 134 86 
Equipment and software expense6 (2)4 
Other80 70 62 
339 267 216 
Income before income taxes and equity in undistributed earnings of subsidiaries1,809 1,350 1,136 
Income tax benefit(41)(43)(36)
Income before equity in undistributed earnings of subsidiaries and preferred stock dividends1,850 1,393 1,172 
Equity in undistributed earnings of subsidiaries:
Banks(42)644 1,066 
Non-banks85 37 7 
43 681 1,073 
Net income1,893 2,074 2,245 
Preferred stock dividends and other
(119)(98)(99)
Net income available to common shareholders$1,774 $1,976 $2,146 
Statements of Cash Flows
 Year Ended December 31
 202420232022
 (In millions)
Operating activities:
Net income$1,893 $2,074 $2,245 
Adjustments to reconcile net cash from operating activities:
Equity in undistributed earnings of subsidiaries(43)(681)(1,073)
Provision for (benefit from) deferred income taxes(6)(4)(3)
Depreciation, amortization and accretion, net3 2 2 
Loss on sale of assets— (6)— 
Net change in operating assets and liabilities:
Other assets28 (11)12 
Other liabilities28 (9)(27)
Other37 74 (89)
Net cash from operating activities1,940 1,439 1,067 
Investing activities:
(Investment in) / repayment of investment in subsidiaries(1,675)(8)(23)
Proceeds from sales and maturities of debt securities available for sale21 13 8 
Purchases of debt securities available for sale(20)(11)(9)
Other, net(2)(21)— 
Net cash from investing activities(1,676)(27)(24)
Financing activities:
Proceeds from long-term borrowings1,740 — — 
Payments on long-term borrowings(100)— — 
Cash dividends on common stock(890)(787)(663)
Cash dividends on preferred stock(104)(98)(99)
Net proceeds from issuance of preferred stock489— — 
Payment for redemption of preferred stock(500)— — 
Repurchases of common stock(348)(252)(230)
Net cash from financing activities287 (1,137)(992)
Net change in cash and cash equivalents551275 51 
Cash and cash equivalents at beginning of year1,869 1,594 1,543 
Cash and cash equivalents at end of year$2,420 $1,869 $1,594