$RF-PF

REGIONS FINANCIAL CORP

CIK:0001281761|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest income on:
Loans, including fees	$ 1,351	$ 1,377	$ 2,664	$ 2,719
Debt securities	305	286	603	552
Loans held for sale	8	9	16	17
Other earning assets	84	112	167	221
Total interest income	1,748	1,784	3,450	3,509
Interest expense on:
Deposits	385	447	770	889
Short-term borrowings	34	1	51	5
Long-term borrowings	52	77	104	162
Total interest expense	471	525	925	1,056
Net interest income	1,277	1,259	2,525	2,453
Provision for credit losses	68	126	159	250
Net interest income after provision for credit losses	1,209	1,133	2,366	2,203
Non-interest income:
Total Noninterest Income	630	646	1,255	1,236
Non-interest expense:
Salaries and employee benefits	697	658	1,356	1,283
Equipment and software expense	107	104	215	203
Net occupancy expense	73	72	$ 145	142
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]			Other
Other	244	239	$ 473	484
Total non-interest expense	1,121	1,073	2,189	2,112
Income before income taxes	718	706	1,432	1,327
Income tax expense	148	143	303	274
Net income	570	563	1,129	1,053
Net income available to common shareholders	$ 549	$ 534	$ 1,088	$ 999
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Basic	854	898	858	902
Diluted	857	900	862	905
Earnings Per Share [Abstract]
Basic	$ 0.64	$ 0.59	$ 1.27	$ 1.11
Diluted	$ 0.64	$ 0.59	$ 1.26	$ 1.10
Service charges on deposit accounts
Non-interest income:
Total Noninterest Income	$ 167	$ 151	$ 330	$ 312
Card and ATM fees
Non-interest income:
Total Noninterest Income	126	125	243	242
Investment management and trust fee income
Non-interest income:
Total Noninterest Income	97	90	189	176
Capital Markets [Member]
Non-interest income:
Total Noninterest Income	84	83	168	163
Mortgage income
Non-interest income:
Total Noninterest Income	33	48	65	88
Securities gains, net [Member]
Non-interest income:
Total Noninterest Income	(41)	(1)	(44)	(26)
Other [Member]
Non-interest income:
Total Noninterest Income	$ 164	$ 150	$ 304	$ 281

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities:
Net income	$ 1,129	$ 1,053
Adjustments to reconcile net income to net cash from operating activities:
Provision for credit losses	159	250
Depreciation, amortization and accretion, net	47	41
Securities (gains) losses, net	44	26
Deferred income tax expense (benefit)	142	17
Originations and purchases of loans held for sale	(3,307)	(2,491)
Proceeds from sales of loans held for sale	3,268	2,585
(Gain) loss on sale of loans, net	(18)	(23)
Net change in operating assets and liabilities:
Other earning assets	129	(66)
Interest receivable and other assets	(713)	611
Other liabilities	268	(353)
Other	88	(11)
Net cash from operating activities	1,236	1,639
Investing activities:
Proceeds from maturities of debt securities held to maturity	379	288
Proceeds from sales of debt securities available for sale	1,212	615
Proceeds from maturities of debt securities available for sale	1,654	1,558
Purchases of debt securities available for sale	(2,911)	(3,987)
Net (payments for) proceeds from bank-owned life insurance	7	3
Proceeds from sales of loans	110	190
Purchases of loans	(137)	(187)
Net change in loans	(3,733)	(274)
Purchases of mortgage servicing rights	(17)	(19)
Net purchases of other assets	(124)	(169)
Net cash from investing activities	(3,560)	(1,982)
Financing activities:
Net change in deposits	(418)	3,316
Net change in short-term borrowings	2,250	(500)
Proceeds from long-term borrowings	1,499	0
Payments on long-term borrowings	(1,000)	(750)
Cash dividends on common stock	(458)	(453)
Cash dividends on preferred stock	(41)	(50)
Payments for Repurchase of Redeemable Preferred Stock	0	(350)
Repurchases of common stock	(460)	(386)
Taxes paid related to net share settlement of equity awards	(25)	(21)
Other	(4)	0
Net cash from financing activities	1,343	806
Net change in cash and cash equivalents	(981)	463
Cash and cash equivalents at beginning of year	10,907	10,712
Cash and cash equivalents at end of year	$ 9,926	$ 11,175

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and due from banks	$ 3,177	$ 3,112
Interest-bearing deposits in other banks	6,749	7,795
Debt Securities held to maturity	5,271	5,606
Debt securities available for sale	27,388	27,560
Loans held for sale	591	511
Loans, net of unearned income	99,200	95,637
Allowance for loan losses	(1,489)	(1,556)
Net loan losses	97,711	94,081
Other earning assets	1,574	1,703
Premises, equipment and software, net	1,704	1,659
Interest receivable	495	571
Goodwill	5,733	5,733
Servicing Asset at Fair Value, Amount	958	970
Other identifiable intangible assets, net	126	140
Other assets	9,822	9,373
Total assets	161,299	158,814
Deposits:
Noninterest-bearing Deposit Liabilities	40,538	39,530
Interest-bearing	90,172	91,598
Total deposits	130,710	131,128
Borrowed funds:
Federal Funds Purchased	200	0
Federal Home Loan Bank, Advance, Branch of FHLBank, Amount	2,800	750
Short-term borrowings	3,000	750
Long-term borrowings	4,628	4,134
Total borrowed funds	7,628	4,884
Other liabilities	4,050	3,699
Total liabilities	142,388	139,711
Equity:
Preferred stock	1,369	1,369
Common stock	9	9
Additional paid-in capital	9,915	10,366
Retained earnings	10,840	10,205
Treasury stock, at cost	(1,371)	(1,371)
Accumulated other comprehensive income (loss), net	(1,922)	(1,535)
Total shareholders’ equity	18,840	19,043
Noncontrolling interest	71	60
Total equity	18,911	19,103
Total liabilities and equity	$ 161,299	$ 158,814