v3.25.4
Borrowed Funds
 12 Months Ended
Dec. 31, 2025
Long-term Borrowings [Abstract]  
Borrowed Funds
NOTE 11. BORROWED FUNDS
SHORT-TERM BORROWINGS
Short-term borrowings consist of FHLB advances and were $750 million at December 31, 2025 and $500 million at December 31, 2024. The levels of short-term borrowings can fluctuate depending on the Company's funding needs and the sources utilized.
LONG-TERM BORROWINGS
Long-term borrowings at December 31 consist of the following:
20252024
 (In millions)
Regions Financial Corporation (Parent):
2.25% senior notes due May 2025
$— $749 
1.80% senior notes due August 2028
648 647
5.722% senior notes due June 2030 (1)
747 746 
5.502% senior notes due September 2035 (2)
995 994
6.75% subordinated debentures due November 2025
— 151 
7.375% subordinated notes due December 2037
299 299 
Valuation adjustments on hedged long-term debt(52)(91)
2,637 3,495 
Regions Bank:
FHLB advances1,000 2,000 
6.45% subordinated notes due June 2037
497 496 
Other long-term debt— 2 
1,497 2,498 
Total consolidated$4,134 $5,993 
____
(1) On June 6, 2029, the Notes will bear floating rate interest equal to Compounded SOFR plus 1.49%.
(2) On September 6, 2034, the Notes will bear floating rate interest equal to Compounded SOFR plus 2.06%.
As disclosed above, Regions and Regions Bank each had a subordinated note outstanding at December 31, 2025, which are by definition, subordinated and subject in right of payment of both principal and interest to the prior payment in full of all senior indebtedness of the Company, which is generally defined as all indebtedness and other obligations of the Company to its creditors, except subordinated indebtedness. Payment of the principal of the notes may be accelerated only in the case of certain events involving bankruptcy, insolvency proceedings or reorganization of the Company. The subordinated notes described above qualify as Tier 2 capital under Federal Reserve guidelines, subject to diminishing credit as the respective maturity dates approach and subject to certain transition provisions. The subordinated notes are not redeemable prior to maturity, unless there is an occurrence of a qualifying capital event.
During 2025, $1.0 billion of long term FHLB advances were repaid. In the second quarter of 2025, the Company's 2.25% senior notes matured. In the fourth quarter of 2025, the Company's 6.75% subordinated debentures matured.
FHLB advances at December 31, 2025 and 2024 had a weighted-average interest rate of 3.9 percent and 4.6 percent, respectively, with remaining maturity as of December 31, 2025 within one year. Funding from the FHLB and Federal Reserve Bank is secured by pledged assets, primarily certain loan portfolios which are also subject to blanket lien arrangements with the FHLB and Federal Reserve Bank. As of December 31, 2025, Regions' blanket lien arrangements with these entities covered a total loan balance of approximately $92.9 billion and included loans from various loan portfolios. However, borrowing capacity with the FHLB and Federal Reserve Bank is contingent on a subset of the blanket lien portfolios which are eligible and pledged according to the parameters for each counterparty.
Regions uses derivative instruments, primarily interest rate swaps, to manage interest rate risk by converting a portion of its fixed-rate debt to a variable rate. The effective rate adjustments related to these hedges are included in interest expense on long-term borrowings. The weighted-average interest rate on total long-term debt, including the effect of derivative instruments, was 5.5 percent, 6.3 percent, and 6.5 percent for the years ended December 31, 2025, 2024, and 2023, respectively. Further discussion of derivative instruments is included in Note 20.
The aggregate amount of contractual maturities of all long-term debt in each of the next five years and thereafter is as follows:
 Year Ended December 31
 Regions
Financial
Corporation
(Parent)		Regions
Bank
 (In millions)
2026$— $1,000 
2027— — 
2028610 — 
2029— — 
2030749 — 
Thereafter1,278 497 
$2,637 $1,497 
On February 21, 2025, Regions filed a shelf registration statement with the SEC. This shelf registration does not have a capacity limit and can be utilized by Regions to issue various debt and/or equity securities. The registration statement will expire in February 2028.
Regions Bank may issue bank notes from time to time, either as part of a bank note program or as stand-alone issuances.  Notes issued by Regions Bank may be senior or subordinated notes.  Notes issued by Regions Bank are not deposits and are not insured or guaranteed by the FDIC.
Regions may, from time to time, consider opportunistically retiring outstanding issued securities, including subordinated debt in privately negotiated or open market transactions. Regulatory approval would be required for retirement of some securities.