Exhibit 99.2

Regions Financial Corporation and Subsidiaries

Financial Supplement

First Quarter 2020

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Table of Contents

	Page
Financial Highlights	1
Selected Ratios and Other Information	2
Consolidated Statements of Income	3
Consolidated Average Daily Balances and Yield / Rate Analysis	4
Pre-Tax Pre-Provision Income ("PPI") and Adjusted PPI	6
Non-Interest Income, Mortgage Income, Wealth Management Income and Capital Markets Income	7
Non-Interest Expense	8
Reconciliation to GAAP Financial Measures
Adjusted Efficiency Ratios, Adjusted Fee Income Ratios, Adjusted Non-Interest Income / Expense, Adjusted Operating Leverage Ratios, and Return Ratios	9
Credit Quality
Allowance for Credit Losses, Net Charge-Offs and Related Ratios	11
Non-Accrual Loans (excludes loans held for sale), Early and Late Stage Delinquencies	13
Troubled Debt Restructurings	14
Consolidated Balance Sheets	15
Loans	16
Deposits	18
Reconciliation to GAAP Financial Measures
Tangible Common Ratios	20
Forward-Looking Statements	21

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Financial Highlights

	Quarter Ended
($ amounts in millions, except per share data)	3/31/2020			12/31/2019			9/30/2019			6/30/2019			3/31/2019
Earnings Summary
Interest income - taxable equivalent	$	1,091		$	1,111		$	1,163		$	1,191		$	1,184
Interest expense - taxable equivalent	151			180			213			235			223
Net interest income - taxable equivalent	940			931			950			956			961
Less: Taxable-equivalent adjustment	12			13			13			14			13
Net interest income	928			918			937			942			948
Provision for credit losses (1)	373			96			108			92			91
Net interest income after provision for credit losses (1)	555			822			829			850			857
Non-interest income	485			562			558			494			502
Non-interest expense	836			897			871			861			860
Income before income taxes	204			487			516			483			499
Income tax expense	42			98			107			93			105
Net income	$	162		$	389		$	409		$	390		$	394
Net income available to common shareholders	$	139		$	366		$	385		$	374		$	378
Earnings per common share - basic	0.15			0.38			0.39			0.37			0.37
Earnings per common share - diluted	0.14			0.38			0.39			0.37			0.37
Balance Sheet Summary
At quarter-end
Loans, net of unearned income	$	88,098		$	82,963		$	82,786		$	83,553		$	84,430
Allowance for loan losses	(1,560		)	(869		)	(869		)	(853		)	(853		)
Allowance for credit losses	(1,665		)	(914		)	(917		)	(903		)	(903		)
Assets	133,542			126,240			128,147			127,518			128,802
Deposits	100,030			97,475			94,305			94,971			95,720
Long-term borrowings - Federal Home Loan Bank advances	4,651			2,501			3,001			3,102			6,902
Long-term borrowings - Other	5,454			5,378			6,127			6,111			6,055
Shareholders' equity	17,332			16,295			16,581			16,608			15,512
Average balances
Loans, net of unearned income	$	83,249		$	82,392		$	82,986		$	83,905		$	83,725
Assets	124,771			124,138			124,663			126,115			125,543
Deposits	95,672			94,512			94,056			94,918			94,170
Long-term borrowings - Federal Home Loan Bank advances	3,003			2,659			3,222			4,787			5,876
Long-term borrowings - Other	5,399			5,942			6,118			6,068			5,877
Shareholders' equity	16,460			16,564			16,621			15,927			15,192

_______

(1) Upon adoption of the Current Expected Credit Losses (CECL) accounting guidance on January 1, 2020, the provision for credit losses is the sum of the provision for loan losses and the provision for unfunded credit commitments. Prior to the adoption of CECL, the provision for unfunded commitments was included in other non-interest expense.

1

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Selected Ratios and Other Information

	As of and for Quarter Ended
	3/31/2020			12/31/2019			9/30/2019			6/30/2019			3/31/2019
Return on average assets* (1)	0.52		%	1.24		%	1.30		%	1.24		%	1.27		%
Return on average common shareholders' equity*	3.69		%	9.51		%	9.98		%	10.16		%	10.66		%
Return on average tangible common shareholders’ equity (non-GAAP)* (2)	5.43		%	13.95		%	14.62		%	15.11		%	16.09		%
Efficiency ratio	58.6		%	60.1		%	57.7		%	59.4		%	58.8		%
Adjusted efficiency ratio (non-GAAP) (2)	57.9		%	58.1		%	57.4		%	58.3		%	58.3		%
Common book value per share	$	16.73		$	15.65		$	15.83		$	15.24		$	14.50
Tangible common book value per share (non-GAAP) (2)	$	11.67		$	10.58		$	10.79		$	10.42		$	9.72
Tangible common shareholders’ equity to tangible assets (non-GAAP) (2)	8.68		%	8.34		%	8.44		%	8.53		%	7.95		%
Basel III common equity (3)	$	10,294		$	10,228		$	10,121		$	10,484		$	10,443
Total risk-weighted assets (3)	$	109,081		$	105,705		$	105,652		$	106,185		$	106,443
Basel III common equity Tier 1 ratio (3)	9.4		%	9.7		%	9.6		%	9.9		%	9.8		%
Tier 1 capital ratio (3)	10.6		%	10.9		%	10.8		%	11.1		%	10.6		%
Total risk-based capital ratio (3)	12.5		%	12.7		%	12.6		%	12.9		%	12.4		%
Leverage ratio (3)	9.6		%	9.6		%	9.5		%	9.7		%	9.3		%
Effective tax rate	20.6		%	20.3		%	20.6		%	19.4		%	21.0		%
Allowance for loan losses as a percentage of loans, net of unearned income	1.77		%	1.05		%	1.05		%	1.02		%	1.01		%
Allowance for loan losses to non-performing loans, excluding loans held for sale	244		%	171		%	188		%	160		%	163		%
Allowance for credit losses as a percentage of loans, net of unearned income	1.89		%	1.10		%	1.11		%	1.08		%	1.07		%
Allowance for credit losses to non-performing loans, excluding loans held for sale	261		%	180		%	198		%	169		%	173		%
Net interest margin (FTE)*	3.44		%	3.39		%	3.44		%	3.45		%	3.51		%
Loans, net of unearned income, to total deposits	88.1		%	85.1		%	87.8		%	88.0		%	88.2		%
Net charge-offs as a percentage of average loans*	0.59		%	0.46		%	0.44		%	0.44		%	0.38		%
Non-accrual loans, excluding loans held for sale, as a percentage of loans	0.72		%	0.61		%	0.56		%	0.64		%	0.62		%
Non-performing assets (excluding loans 90 days past due) as a percentage of loans, foreclosed properties, non-marketable investments and non-performing loans held for sale	0.79		%	0.70		%	0.65		%	0.72		%	0.71		%
Non-performing assets (including loans 90 days past due) as a percentage of loans, foreclosed properties, non-marketable investments and non-performing loans held for sale (4)	0.96		%	0.89		%	0.82		%	0.89		%	0.88		%
Associate headcount—full-time equivalent from continuing operations	19,743			19,564			19,549			19,765			20,056
ATMs	2,042			2,028			1,993			2,021			1,985
Branch Statistics
Full service	1,374			1,374			1,370			1,402			1,399
Drive-through/transaction service only	53			54			55			58			57
Total branch outlets	1,427			1,428			1,425			1,460			1,456

*Annualized

(1) Calculated by dividing income from continuing operations by consolidated average assets.

(2) See reconciliation of GAAP to non-GAAP Financial Measures on pages 6, 9,10, 16, 18 and 20.

(3) Current quarter Basel III common equity as well as Total risk-weighted assets, Basel III common equity Tier 1, Tier 1 capital, Total risk-based capital and Leverage ratios are estimated.

(4) Excludes guaranteed residential first mortgages that are 90+ days past due and still accruing. Refer to the footnotes on page 13 for amounts related to these loans.

2

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Consolidated Statements of Income (unaudited)

	Quarter Ended
($ amounts in millions, except per share data)	3/31/2020		12/31/2019			9/30/2019		6/30/2019			3/31/2019
Interest income on:
Loans, including fees	$	903	$	923		$	970	$	992		$	981
Debt securities—taxable	158		155			160		163			165
Loans held for sale	5		5			5		4			3
Other earning assets	13		15			15		18			22
Total interest income	1,079		1,098			1,150		1,177			1,171
Interest expense on:
Deposits	84		98			116		125			108
Short-term borrowings	8		12			14		14			13
Long-term borrowings	59		70			83		96			102
Total interest expense	151		180			213		235			223
Net interest income	928		918			937		942			948
Provision for credit losses (1)	373		96			108		92			91
Net interest income after provision for credit losses (1)	555		822			829		850			857
Non-interest income:
Service charges on deposit accounts	178		187			186		181			175
Card and ATM fees	105		112			114		120			109
Wealth management income	84		84			83		79			76
Capital markets income	9		61			36		39			42
Mortgage income	68		49			56		31			27
Securities gains (losses), net	—		(2		)	—		(19		)	(7		)
Other	41		71			83		63			80
Total non-interest income	485		562			558		494			502
Non-interest expense:
Salaries and employee benefits	467		488			481		469			478
Net occupancy expense	79		79			80		80			82
Furniture and equipment expense	83		82			83		84			76
Other	207		248			227		228			224
Total non-interest expense	836		897			871		861			860
Income before income taxes	204		487			516		483			499
Income tax expense	42		98			107		93			105
Net income	$	162	$	389		$	409	$	390		$	394
Net income available to common shareholders	$	139	$	366		$	385	$	374		$	378
Weighted-average shares outstanding—during quarter:
Basic	957		963			988		1,010			1,019
Diluted	961		968			991		1,012			1,028
Actual shares outstanding—end of quarter	957		957			964		1,004			1,013
Earnings per common share: (2)
Basic	$	0.15	$	0.38		$	0.39	$	0.37		$	0.37
Diluted	$	0.14	$	0.38		$	0.39	$	0.37		$	0.37
Taxable-equivalent net interest income	$	940	$	931		$	950	$	956		$	961

________

(1) Upon adoption of CECL on January 1, 2020, the provision for credit losses is the sum of the provision for loan losses and the provision for unfunded credit commitments. Prior to the

adoption of CECL, the provision for unfunded commitments was included in other non-interest expense.

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

3

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Consolidated Average Daily Balances and Yield/Rate Analysis

	Quarter Ended
	3/31/2020							12/31/2019
($ amounts in millions; yields on taxable-equivalent basis)	Average Balance			Income/ Expense		Yield/ Rate		Average Balance			Income/ Expense		Yield/ Rate
Assets
Earning assets:
Debt securities—taxable (1)	$	23,766		$	158	2.66	%	$	23,830		$	155	2.61	%
Loans held for sale	514			5		3.72		540			5		3.58
Loans, net of unearned income:
Commercial and industrial	40,519			405		4.00		39,743			416		4.14
Commercial real estate mortgage—owner-occupied	5,509			63		4.51		5,489			63		4.47
Commercial real estate construction—owner-occupied	323			4		4.62		357			4		4.59
Commercial investor real estate mortgage	4,975			46		3.69		4,841			49		3.97
Commercial investor real estate construction	1,673			19		4.40		1,544			19		4.80
Residential first mortgage	14,469			140		3.86		14,416			141		3.92
Home equity	8,275			89		4.31		8,478			95		4.46
Indirect—vehicles	1,679			14		3.26		1,948			16		3.29
Indirect—other consumer	3,263			71		8.74		3,005			67		8.93
Consumer credit card	1,348			41		12.26		1,337			42		12.35
Other consumer	1,216			23		7.95		1,234			24		7.96
Total loans, net of unearned income	83,249			915		4.40		82,392			936		4.51
Other earning assets	2,302			13		2.37		2,210			15		2.63
Total earning assets	109,831			1,091		3.97		108,972			1,111		4.05
Unrealized gains/(losses) on debt securities available for sale, net (1)	510							296
Allowance for loan losses	(1,315		)					(872		)
Cash and due from banks	1,915							1,939
Other non-earning assets	13,830							13,803
	$	124,771						$	124,138
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings	$	8,822		4		0.17		$	8,616		3		0.14
Interest-bearing checking	19,273			22		0.47		18,668			26		0.57
Money market	25,151			28		0.46		25,289			36		0.56
Time deposits	7,302			26		1.44		7,543			32		1.60
Other deposits	919			4		1.57		298			1		1.69
Total interest-bearing deposits (2)	61,467			84		0.55		60,414			98		0.64
Federal funds purchased and securities sold under agreements to repurchase	151			1		1.39		110			1		1.58
Other short-term borrowings	1,644			7		1.69		2,164			11		2.08
Long-term borrowings	8,402			59		2.81		8,601			70		3.23
Total interest-bearing liabilities	71,664			151		0.85		71,289			180		1.00
Non-interest-bearing deposits (2)	34,205			—		—		34,098			—		—
Total funding sources	105,869			151		0.57		105,387			180		0.67
Net interest spread (1)						3.12							3.05
Other liabilities	2,442							2,187
Shareholders’ equity	16,460							16,564
Noncontrolling interest	—							—
	$	124,771						$	124,138
Net interest income /margin FTE basis (1)				$	940	3.44	%				$	931	3.39	%

_______

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

(2) 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 0.35% and 0.41% for the quarters ended March 31, 2020 and December 31, 2019.

4

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

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

	Quarter Ended
	09/30/2019							6/30/2019							3/31/2019
($ amounts in millions; yields on taxable-equivalent basis)	Average Balance			Income/ Expense		Yield/ Rate		Average Balance			Income/ Expense		Yield/ Rate		Average Balance			Income/ Expense		Yield/ Rate
Assets
Earning assets:
Debt securities—taxable (1)	$	23,909		$	160	2.67	%	$	24,675		$	163	2.65	%	$	24,695		$	165	2.67	%
Loans held for sale	557			5		3.73		398			4		4.14		302			3		3.63
Loans, net of unearned income:
Commercial and industrial	40,200			441		4.34		40,707			457		4.49		39,999			445		4.49
Commercial real estate mortgage—owner-occupied	5,481			66		4.74		5,448			64		4.65		5,560			65		4.65
Commercial real estate construction—owner-occupied	390			5		4.63		447			5		4.81		409			5		4.72
Commercial investor real estate mortgage	4,859			54		4.35		4,699			54		4.53		4,729			54		4.58
Commercial investor real estate construction	1,529			21		5.25		1,797			25		5.44		1,821			25		5.60
Residential first mortgage	14,298			142		3.99		14,150			142		4.01		14,203			144		4.04
Home equity	8,683			104		4.79		8,910			109		4.89		9,135			111		4.89
Indirect—vehicles	2,247			19		3.30		2,578			23		3.58		2,924			24		3.38
Indirect—other consumer	2,750			63		9.16		2,662			60		9.04		2,429			54		8.85
Consumer credit card	1,310			43		13.11		1,286			42		13.09		1,304			43		13.41
Other consumer	1,239			25		8.02		1,221			25		8.02		1,212			24		8.12
Total loans, net of unearned income	82,986			983		4.70		83,905			1,006		4.79		83,725			994		4.78
Other earning assets	2,087			15		2.82		2,299			18		3.07		2,213			22		4.16
Total earning assets	109,539			1,163		4.21		111,277			1,191		4.27		110,935			1,184		4.29
Unrealized losses on debt securities available for sale, net (1)	251							(136		)					(444		)
Allowance for loan losses	(857		)					(857		)					(843		)
Cash and due from banks	1,891							1,857							1,893
Other non-earning assets	13,839							13,974							14,002
	$	124,663						$	126,115						$	125,543
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Savings	$	8,607		4		0.16		$	8,806		3		0.16		$	8,852		4		0.17
Interest-bearing checking	18,257			33		0.71		18,869			33		0.71		19,309			33		0.69
Money market	24,904			42		0.68		24,350			49		0.79		23,989			40		0.68
Time deposits	7,712			31		1.67		7,800			33		1.69		7,471			27		1.49
Other deposits	977			6		2.25		1,210			7		2.36		653			4		2.33
Total interest-bearing deposits (2)	60,457			116		0.77		61,035			125		0.82		60,274			108		0.73
Federal funds purchased and securities sold under agreements to repurchase	208			1		2.28		244			1		2.41		343			2		2.41
Other short-term borrowings	2,187			13		2.31		1,965			13		2.54		1,735			11		2.55
Long-term borrowings	9,340			83		3.47		10,855			96		3.52		11,753			102		3.47
Total interest-bearing liabilities	72,192			213		1.17		74,099			235		1.27		74,105			223		1.22
Non-interest-bearing deposits (2)	33,599			—		—		33,883			—		—		33,896			—		—
Total funding sources	105,791			213		0.80		107,982			235		0.87		108,001			223		0.83
Net interest spread (1)						3.04							3.00							3.07
Other liabilities	2,251							2,195							2,350
Shareholders’ equity	16,621							15,927							15,192
Noncontrolling interest	—							11							—
	$	124,663						$	126,115						$	125,543
Net interest income/margin FTE basis (1)				$	950	3.44	%				$	956	3.45	%				$	961	3.51	%

_______

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

(2) 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 0.49% for the quarter ended September 30, 2019, 0.53% for the quarter ended June 30, 2019 and 0.46% for the quarter ended March 31, 2019.

5

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

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

The Pre-Tax Pre-Provision Income tables below present computations of pre-tax pre-provision income from continuing operations excluding certain adjustments (non-GAAP). Regions believes that the presentation of PPI and the exclusion of certain items from PPI provides a meaningful base 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. 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 income that excludes certain adjustments does not represent the amount that effectively accrues directly to shareholders.

	Quarter Ended
($ amounts in millions)	3/31/2020			12/31/2019		9/30/2019			6/30/2019		3/31/2019			1Q20 vs. 4Q19					1Q20 vs. 1Q19
Net income available to common shareholders (GAAP)	$	139		$	366	$	385		$	374	$	378		$	(227	)	(62.0	)%	$	(239	)	(63.2	)%
Preferred dividends (GAAP)	23			23		24			16		16			—			—	%	7			43.8	%
Income tax expense (GAAP)	42			98		107			93		105			(56		)	(57.1	)%	(63		)	(60.0	)%
Income before income taxes (GAAP)	204			487		516			483		499			(283		)	(58.1	)%	(295		)	(59.1	)%
Provision for credit losses (GAAP) (1)	373			96		108			92		91			277			288.5	%	282			309.9	%
Pre-tax pre-provision income (non-GAAP)	577			583		624			575		590			(6		)	(1.0	)%	(13		)	(2.2	)%
Other adjustments:
Gain on sale of affordable housing residential mortgage loans (2)	—			—		—			—		(8		)	—			NM		8			100.0	%
Securities (gains) losses, net	—			2		—			19		7			(2		)	(100.0	)%	(7		)	(100.0	)%
Leveraged lease termination gains	(2		)	—		(1		)	—		—			(2		)	NM		(2		)	NM
Salaries and employee benefits—severance charges	1			—		1			2		2			1			NM		(1		)	(50.0	)%
Branch consolidation, property and equipment charges	11			12		5			2		6			(1		)	(8.3	)%	5			83.3	%
Loss on early extinguishment of debt	—			16		—			—		—			(16		)	(100.0	)%	—			NM
Total other adjustments	10			30		5			23		7			(20		)	(66.7	)%	3			42.9	%
Adjusted pre-tax pre-provision income (non-GAAP)	$	587		$	613	$	629		$	598	$	597		$	(26	)	(4.2	)%	$	(10	)	(1.7	)%

______

NM - Not Meaningful

(1) Upon adoption of CECL on January 1, 2020, the provision for credit losses is the sum of the provision for loan losses and the provision for unfunded credit commitments. Prior to the

adoption, the provision for unfunded commitments was included in other non-interest expense.

(2) The gain on sale of affordable housing residential mortgage loans in the first quarter of 2019 was the result of the sale of approximately $167 million of loans.

6

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Non-Interest Income

	Quarter Ended
($ amounts in millions)	3/31/2020			12/31/2019			9/30/2019		6/30/2019			3/31/2019			1Q20 vs. 4Q19					1Q20 vs. 1Q19
Service charges on deposit accounts	$	178		$	187		$	186	$	181		$	175		$	(9	)	(4.8	)%	$	3		1.7	%
Card and ATM fees	105			112			114		120			109			(7		)	(6.3	)%	(4		)	(3.7	)%
Wealth management income	84			84			83		79			76			—			—	%	8			10.5	%
Capital markets income (1)	9			61			36		39			42			(52		)	(85.2	)%	(33		)	(78.6	)%
Mortgage income	68			49			56		31			27			19			38.8	%	41			151.9	%
Commercial credit fee income	18			18			19		18			18			—			—	%	—			—	%
Bank-owned life insurance	17			18			18		19			23			(1		)	(5.6	)%	(6		)	(26.1	)%
Securities gains (losses), net	—			(2		)	—		(19		)	(7		)	2			100.0	%	7			100.0	%
Market value adjustments on employee benefit assets - defined benefit (2)	—			—			—		—			5			—			NM		(5		)	(100.0	)%
Market value adjustments on employee benefit assets - other (3)	(25		)	7			7		(2		)	(1		)	(32		)	NM		(24		)	NM
Other	31			28			39		28			35			3			10.7	%	(4		)	(11.4	)%
Total non-interest income	$	485		$	562		$	558	$	494		$	502		$	(77	)	(13.7	)%	$	(17	)	(3.4	)%

Mortgage Income

	Quarter Ended
($ amounts in millions)	3/31/2020			12/31/2019			9/30/2019			6/30/2019			3/31/2019			1Q20 vs. 4Q19					1Q20 vs. 1Q19
Production and sales	$	48		$	30		$	31		$	26		$	19		$	18		60.0	%	$	29		152.6	%
Loan servicing	25			25			25			26			26			—			—	%	(1		)	(3.8	)%
MSR and related hedge impact:
MSRs fair value increase (decrease) due to change in valuation inputs or assumptions	(83		)	40			(31		)	(43		)	(28		)	(123		)	(307.5	)%	(55		)	NM
MSRs hedge gain (loss)	97			(33		)	46			36			21			130			393.9	%	76			NM
MSRs change due to payment decay (4)	(19		)	(13		)	(15		)	(14		)	(11		)	(6		)	46.2	%	(8		)	72.7	%
MSR and related hedge impact (4)	(5		)	(6		)	—			(21		)	(18		)	1			16.7	%	13			72.2	%
Total mortgage income	$	68		$	49		$	56		$	31		$	27		$	19		38.8	%	$	41		151.9	%
Mortgage production - purchased	$	894		$	1,014		$	1,139		$	1,149		$	712		$	(120	)	(11.8	)%	$	182		25.6	%
Mortgage production - refinanced	576			639			578			312			209			(63		)	(9.9	)%	367			175.6	%
Total mortgage production (5)	$	1,470		$	1,653		$	1,717		$	1,461		$	921		$	(183	)	(11.1	)%	$	549		59.6	%

Wealth Management Income

	Quarter Ended
($ amounts in millions)	3/31/2020		12/31/2019		9/30/2019		6/30/2019		3/31/2019		1Q20 vs. 4Q19					1Q20 vs. 1Q19
Investment management and trust fee income	$	62	$	64	$	63	$	59	$	57	$	(2	)	(3.1	)%	$	5	8.8	%
Investment services fee income	22		20		20		20		19		2			10.0	%	3		15.8	%
Total wealth management income (6)	$	84	$	84	$	83	$	79	$	76	$	—		—	%	$	8	10.5	%

Capital Markets Income

	Quarter Ended
($ amounts in millions)	3/31/2020			12/31/2019		9/30/2019			6/30/2019			3/31/2019			1Q20 vs. 4Q19					1Q20 vs. 1Q19
Capital markets income	$	9		$	61	$	36		$	39		$	42		$	(52	)	(85.2	)%	$	(33	)	(78.6	)%
Less: Valuation adjustments on customer derivatives (7)	(34		)	5		(6		)	(7		)	(2		)	(39		)	NM		(32		)	NM
Capital markets income excluding valuation adjustments	$	43		$	56	$	42		$	46		$	44		$	(13	)	(23.2	)%	$	(1	)	(2.3	)%

_________

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) During the second quarter of 2019, the Company reallocated these employee benefit assets from primarily equity securities to fixed income investments. Market valuation adjustments for fixed income investments are recorded in other comprehensive income, and as such these adjustments have not impacted non-interest income since the first quarter of 2019.

(3) These market value adjustments relate to assets held for employee benefits that are offset within salaries and employee benefits expense.

(4) In the first quarter of 2020, Regions revised its MSR decay methodology from a passage of time approach to a discounted net cash flow approach. The change in methodology results in shifts between decay and hedge impacts, but does not impact the overall valuation.

(5) Total mortgage production represents production during the period, including amounts sold into the secondary market as well as amounts retained in Regions' residential first mortgage loan portfolio.

(6) Total wealth management income presented above does not include the portion of service charges on deposit accounts and similar smaller dollar amounts that are also attributable to the wealth management segment.

(7) 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.

7

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Non-Interest Expense

	Quarter Ended
($ amounts in millions)	3/31/2020		12/31/2019			9/30/2019			6/30/2019		3/31/2019			1Q20 vs. 4Q19					1Q20 vs. 1Q19
Salaries and employee benefits	$	467	$	488		$	481		$	469	$	478		$	(21	)	(4.3	)%	$	(11	)	(2.3	)%
Net occupancy expense	79		79			80			80		82			—			—	%	(3		)	(3.7	)%
Furniture and equipment expense	83		82			83			84		76			1			1.2	%	7			9.2	%
Outside services	45		44			48			52		45			1			2.3	%	—			—	%
Professional, legal and regulatory expenses	18		28			21			26		20			(10		)	(35.7	)%	(2		)	(10.0	)%
Marketing	24		28			23			23		23			(4		)	(14.3	)%	1			4.3	%
FDIC insurance assessments	11		11			12			12		13			—			—	%	(2		)	(15.4	)%
Credit/checkcard expenses	13		15			19			18		16			(2		)	(13.3	)%	(3		)	(18.8	)%
Branch consolidation, property and equipment charges	11		12			5			2		6			(1		)	(8.3	)%	5			83.3	%
Visa class B shares expense	4		2			5			3		4			2			100.0	%	—			—	%
Provision (credit) for unfunded credit losses (1)	—		(3		)	(2		)	—		(1		)	3			100.0	%	1			100.0	%
Loss on early extinguishment of debt	—		16			—			—		—			(16		)	(100.0	)%	—			NM
Other	81		95			96			92		98			(14		)	(14.7	)%	(17		)	(17.3	)%
Total non-interest expense	$	836	$	897		$	871		$	861	$	860		$	(61	)	(6.8	)%	$	(24	)	(2.8	)%

_________

NM - Not Meaningful

(1) Upon adoption of CECL on January 1, 2020, the provision for credit losses presented within net interest income after provision for credit lossesis the sum of the provision for loan losses and the provision for unfunded credit commitments. Prior to the adoption of CECL, the provision for unfunded commitments was included in other non-interest expense.

8

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Reconciliation to GAAP Financial Measures

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

The table below and on the following page present 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 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 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. Adjustments are made to arrive at adjusted total revenue on a taxable-equivalent basis (non-GAAP), which is the denominator for the fee income and efficiency ratios. Regions believes that the exclusion of these adjustments provides a meaningful base 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. The table on the following page also presents a computation of the 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). 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.

		Quarter Ended
($ amounts in millions)		3/31/2020			12/31/2019			9/30/2019			6/30/2019			3/31/2019			1Q20 vs. 4Q19					1Q20 vs. 1Q19
Non-interest expense (GAAP)	A	$	836		$	897		$	871		$	861		$	860		$	(61	)	(6.8	)%	$	(24	)	(2.8	)%
Adjustments:
Branch consolidation, property and equipment charges		(11		)	(12		)	(5		)	(2		)	(6		)	1			(8.3	)%	(5		)	83.3	%
Salary and employee benefits—severance charges		(1		)	—			(1		)	(2		)	(2		)	(1		)	NM		1			(50.0	)%
Loss on early extinguishment of debt		—			(16		)	—			—			—			16			(100.0	)	—			NM
Adjusted non-interest expense (non-GAAP)	B	$	824		$	869		$	865		$	857		$	852		$	(45	)	(5.2	)%	$	(28	)	(3.3	)%
Net interest income (GAAP)	C	$	928		$	918		$	937		$	942		$	948		$	10		1.1	%	$	(20	)	(2.1	)%
Taxable-equivalent adjustment		12			13			13			14			13			(1		)	(7.7	)%	(1		)	(7.7	)%
Net interest income, taxable-equivalent basis	D	$	940		$	931		$	950		$	956		$	961		$	9		1.0	%	$	(21	)	(2.2	)%
Non-interest income (GAAP)	E	485			562			558			494			502			(77		)	(13.7	)	(17		)	(3.4	)
Adjustments:
Securities (gains) losses, net		—			2			—			19			7			(2		)	(100.0	)%	(7		)	(100.0	)%
Leveraged lease termination gains		(2		)	—			(1		)	—			—			(2		)	NM		(2		)	NM
Gain on sale of affordable housing residential mortgage loans (1)		—			—			—			—			(8		)	—			NM		8			(100.0	)%
Adjusted non-interest income (non-GAAP)	F	$	483		$	564		$	557		$	513		$	501		$	(81	)	(14.4	)%	$	(18	)	(3.6	)%
Total revenue	C+E=G	$	1,413		$	1,480		$	1,495		$	1,436		$	1,450		$	(67	)	(4.5	)%	$	(37	)	(2.6	)%
Adjusted total revenue (non-GAAP)	C+F=H	$	1,411		$	1,482		$	1,494		$	1,455		$	1,449		$	(71	)	(4.8	)%	$	(38	)	(2.6	)%
Total revenue, taxable-equivalent basis	D+E=I	$	1,425		$	1,493		$	1,508		$	1,450		$	1,463		$	(68	)	(4.6	)%	$	(38	)	(2.6	)%
Adjusted total revenue, taxable-equivalent basis (non-GAAP)	D+F=J	$	1,423		$	1,495		$	1,507		$	1,469		$	1,462		$	(72	)	(4.8	)%	$	(39	)	(2.7	)%
Operating leverage ratio (GAAP)	I-A																								0.2	%
Adjusted operating leverage ratio (non-GAAP)	J-B																								0.6	%
Efficiency ratio (GAAP)	A/I	58.6		%	60.1		%	57.7		%	59.4		%	58.8		%
Adjusted efficiency ratio (non-GAAP)	B/J	57.9		%	58.1		%	57.4		%	58.3		%	58.3		%
Fee income ratio (GAAP)	E/I	34.0		%	37.6		%	37.0		%	34.1		%	34.3		%
Adjusted fee income ratio (non-GAAP)	F/J	34.0		%	37.7		%	37.0		%	35.0		%	34.3		%

________

NM - Not Meaningful

(1)     See page 6 for more information regarding this adjustment.

9

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Reconciliation to GAAP Financial Measure

Return Ratio

The table below provides a calculation of “return on average tangible common shareholders’ equity”. 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, 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)		3/31/2020			12/31/2019			9/30/2019			6/30/2019			3/31/2019
RETURN ON AVERAGE TANGIBLE COMMON SHAREHOLDERS' EQUITY
Net income available to common shareholders (GAAP)	A	$	139		$	366		$	385		$	374		$	378
Average shareholders' equity (GAAP)		$	16,460		$	16,564		$	16,621		$	15,927		$	15,192
Less:
Average intangible assets (GAAP)		4,947			4,953			4,949			4,933			4,940
Average deferred tax liability related to intangibles (GAAP)		(92		)	(93		)	(93		)	(94		)	(94		)
Average preferred stock (GAAP)		1,310			1,310			1,310			1,154			820
Average tangible common shareholders' equity (non-GAAP)	B	$	10,295		$	10,394		$	10,455		$	9,934		$	9,526
Return on average tangible common shareholders' equity (non-GAAP)*	A/B	5.43		%	13.95		%	14.62		%	15.11		%	16.09		%

___

*Annualized

10

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Credit Quality

	As of and for Quarter Ended
($ amounts in millions)	3/31/2020			12/31/2019			9/30/2019			6/30/2019			3/31/2019
Components:
Beginning allowance for loan losses (ALL)	$	869		$	869		$	853		$	853		$	840
Cumulative change in accounting guidance (1)	438			—			—			—			—
Beginning allowance for loan losses (ALL), as adjusted for change in accounting guidance	1,307			869			853			853			840
Loans charged-off:
Commercial and industrial	68			33			36			42			27
Commercial real estate mortgage—owner-occupied	3			3			3			2			3
Commercial real estate construction—owner-occupied	—			1			—			—			—
Total commercial	71			37			39			44			30
Commercial investor real estate mortgage	—			1			—			—			—
Commercial investor real estate construction	—			—			—			—			—
Total investor real estate	—			1			—			—			—
Residential first mortgage	1			—			1			2			1
Home equity—lines of credit	4			8			5			3			5
Home equity—closed-end	1			1			1			2			1
Indirect—vehicles	6			6			7			6			9
Indirect—other consumer	23			23			19			18			17
Consumer credit card	16			16			17			17			17
Other consumer	22			22			25			21			22
Total consumer	73			76			75			69			72
Total	144			114			114			113			102
Recoveries of loans previously charged-off:
Commercial and industrial	5			5			7			6			6
Commercial real estate mortgage—owner-occupied	2			—			2			—			3
Commercial real estate construction—owner-occupied	—			—			—			—			—
Total commercial	7			5			9			6			9
Commercial investor real estate mortgage	1			2			—			—			1
Commercial investor real estate construction	—			—			—			1			—
Total investor real estate	1			2			—			1			1
Residential first mortgage	1			—			1			1			1
Home equity—lines of credit	3			3			3			3			3
Home equity—closed-end	1			1			1			1			1
Indirect—vehicles	2			3			2			3			4
Indirect—other consumer	—			—			—			—			—
Consumer credit card	2			2			3			2			2
Other consumer	4			2			3			4			3
Total consumer	13			11			13			14			14
Total	21			18			22			21			24
Net loans charged-off:
Commercial and industrial	63			28			29			36			21
Commercial real estate mortgage—owner-occupied	1			3			1			2			—
Commercial real estate construction—owner-occupied	—			1			—			—			—
Total commercial	64			32			30			38			21
Commercial investor real estate mortgage	(1		)	(1		)	—			—			(1		)
Commercial investor real estate construction	—			—			—			(1		)	—
Total investor real estate	(1		)	(1		)	—			(1		)	(1		)
Residential first mortgage	—			—			—			1			—
Home equity—lines of credit	1			5			2			—			2
Home equity—closed-end	—			—			—			1			—
Indirect—vehicles	4			3			5			3			5
Indirect—other consumer	23			23			19			18			17
Consumer credit card	14			14			14			15			15
Other consumer	18			20			22			17			19
Total consumer	60			65			62			55			58
Total	$	123		$	96		$	92		$	92		$	78
Provision for loan losses	$	376		$	96		$	108		$	92		$	91
Ending allowance for loan losses (ALL)	$	1,560		$	869		$	869		$	853		$	853
Beginning reserve for unfunded credit commitments	45			48			50			50			51
Cumulative change in accounting guidance (1)	63			—			—			—			—
Beginning reserve for unfunded credit commitments, as adjusted for change in accounting guidance	108			48			50			50			51
Provision (credit) for unfunded credit losses	(3		)	(3		)	(2		)	—			(1		)
Ending reserve for unfunded commitments	105			45			48			50			50
Allowance for credit losses (ACL) at period end	1,665			914			917			903			903

11

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Credit Quality (continued)
	As of and for Quarter Ended
($ amounts in millions)	3/31/2020			12/31/2019			9/30/2019			6/30/2019			3/31/2019
Net loan charge-offs as a % of average loans, annualized:
Commercial and industrial	0.63		%	0.28		%	0.29		%	0.36		%	0.21		%
Commercial real estate mortgage—owner-occupied	0.07		%	0.19		%	0.07		%	0.11		%	0.05		%
Total commercial	0.56		%	0.27		%	0.26		%	0.33		%	0.18		%
Commercial investor real estate mortgage	(0.06		)%	(0.03		)%	(0.03		)%	(0.03		)%	(0.07		)%
Commercial investor real estate construction	(0.01		)%	—		%	(0.02		)%	(0.15		)%	—		%
Total investor real estate	(0.05		)%	(0.02		)%	(0.03		)%	(0.06		)%	(0.05		)%
Residential first mortgage	—		%	0.01		%	0.01		%	—		%	0.02		%
Home equity—lines of credit	0.10		%	0.31		%	0.13		%	0.04		%	0.12		%
Home equity—closed-end	(0.02		)%	—		%	0.05		%	0.04		%	0.09		%
Indirect—vehicles	0.94		%	0.76		%	0.74		%	0.53		%	0.69		%
Indirect—other consumer	2.83		%	3.00		%	2.83		%	2.66		%	2.79		%
Consumer credit card	4.16		%	4.18		%	4.31		%	4.62		%	4.66		%
Other consumer	5.73		%	6.56		%	6.85		%	5.90		%	6.13		%
Total consumer	0.79		%	0.85		%	0.81		%	0.71		%	0.75		%
Total	0.59		%	0.46		%	0.44		%	0.44		%	0.38		%
Non-accrual loans, excluding loans held for sale	$	638		$	507		$	462		$	533		$	523
Non-performing loans held for sale	3			13			8			11			13
Non-accrual loans, including loans held for sale	641			520			470			544			536
Foreclosed properties	54			53			59			55			53
Non-marketable investments received in foreclosure	—			5			5			5			8
Non-performing assets (NPAs)	$	695		$	578		$	534		$	604		$	597
Loans past due > 90 days (2)	$	209		$	224		$	149		$	144		$	147
Credit Ratios:
ACL/Loans, net	1.89		%	1.10		%	1.11		%	1.08		%	1.07		%
ALL/Loans, net	1.77		%	1.05		%	1.05		%	1.02		%	1.01		%
Allowance for credit losses to non-performing loans, excluding loans held for sale	261		%	180		%	198		%	169		%	173		%
Allowance for loan losses to non-performing loans, excluding loans held for sale	244		%	171		%	188		%	160		%	163		%
Non-accrual loans, excluding loans held for sale/Loans, net	0.72		%	0.61		%	0.56		%	0.64		%	0.62		%
NPAs (ex. 90+ past due)/Loans, foreclosed properties, non-marketable investments and non-performing loans held for sale	0.79		%	0.70		%	0.65		%	0.72		%	0.71		%
NPAs (inc. 90+ past due)/Loans, foreclosed properties, non-marketable investments and non-performing loans held for sale (2)	0.96		%	0.89		%	0.82		%	0.89		%	0.88		%

(1) Regions adopted the CECL accounting guidance on January 1, 2020 and recorded the cumulative effect of the change in accounting guidance as a reduction to retained earnings and an increase to deferred tax assets.

(2) Excludes guaranteed residential first mortgages that are 90+ days past due and still accruing. Refer to the footnotes on page 13 for amounts related to these loans.

12

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Non-Accrual Loans (excludes loans held for sale)

	As of
($ amounts in millions)	3/31/2020				12/31/2019				9/30/2019				6/30/2019				3/31/2019
Commercial and industrial	$	496	1.09	%	$	347	0.87	%	$	292	0.73	%	$	347	0.86	%	$	336	0.82	%
Commercial real estate mortgage—owner-occupied	58		1.05	%	73		1.31	%	68		1.23	%	68		1.26	%	67		1.22	%
Commercial real estate construction—owner-occupied	11		3.49	%	11		3.47	%	15		4.10	%	15		3.62	%	14		3.26	%
Total commercial	565		1.10	%	431		0.94	%	375		0.81	%	430		0.93	%	417		0.89	%
Commercial investor real estate mortgage	1		0.03	%	2		0.03	%	9		0.19	%	8		0.15	%	8		0.16	%
Total investor real estate	1		0.02	%	2		0.03	%	9		0.14	%	8		0.12	%	8		0.12	%
Residential first mortgage	27		0.18	%	27		0.19	%	29		0.20	%	34		0.24	%	34		0.24	%
Home equity—lines of credit	40		0.77	%	41		0.78	%	43		0.79	%	52		0.93	%	53		0.93	%
Home equity—closed-end	5		0.17	%	6		0.19	%	6		0.21	%	9		0.28	%	11		0.32	%
Total consumer	72		0.24	%	74		0.24	%	78		0.26	%	95		0.31	%	98		0.32	%
Total non-accrual loans	$	638	0.72	%	$	507	0.61	%	$	462	0.56	%	$	533	0.64	%	$	523	0.62	%

Early and Late Stage Delinquencies

Accruing 30-89 Days Past Due Loans	As of
($ amounts in millions)	3/31/2020				12/31/2019				9/30/2019				6/30/2019				3/31/2019
Commercial and industrial	$	58	0.13	%	$	51	0.13	%	$	50	0.12	%	$	74	0.18	%	$	35	0.08	%
Commercial real estate mortgage—owner-occupied	12		0.22	%	14		0.26	%	31		0.56	%	33		0.61	%	12		0.22	%
Commercial real estate construction—owner-occupied	—		0.01	%	2		0.65	%	—		—	%	2		0.52	%	—		—	%
Total commercial	70		0.14	%	67		0.15	%	81		0.18	%	109		0.24	%	47		0.10	%
Commercial investor real estate mortgage	2		0.04	%	2		0.03	%	2		0.03	%	1		0.01	%	1		0.01	%
Commercial investor real estate construction	—		0.01	%	—		—	%	—		—	%	—		—	%	1		0.03	%
Total investor real estate	2		0.03	%	2		0.02	%	2		0.02	%	1		0.01	%	2		0.02	%
Residential first mortgage—non-guaranteed (1)	88		0.62	%	88		0.63	%	91		0.65	%	88		0.63	%	88		0.64	%
Home equity—lines of credit	43		0.83	%	42		0.79	%	53		0.98	%	53		0.95	%	50		0.89	%
Home equity—closed-end	16		0.53	%	18		0.60	%	19		0.60	%	18		0.56	%	18		0.55	%
Indirect—vehicles	33		2.15	%	41		2.26	%	40		1.91	%	42		1.74	%	43		1.55	%
Indirect—other consumer	24		0.75	%	25		0.77	%	22		0.78	%	20		0.72	%	20		0.80	%
Consumer credit card	18		1.37	%	19		1.38	%	18		1.37	%	17		1.32	%	19		1.48	%
Other consumer	16		1.34	%	18		1.43	%	20		1.63	%	21		1.71	%	20		1.67	%
Total consumer (1)	238		0.81	%	251		0.83	%	263		0.88	%	259		0.85	%	258		0.85	%
Total accruing 30-89 days past due loans (1)	$	310	0.35	%	$	320	0.39	%	$	346	0.42	%	$	369	0.44	%	$	307	0.37	%
Accruing 90+ Days Past Due Loans	As of
($ amounts in millions)	3/31/2020				12/31/2019				9/30/2019				6/30/2019				3/31/2019
Commercial and industrial	$	9	0.02	%	$	11	0.03	%	$	10	0.02	%	$	11	0.03	%	$	11	0.03	%
Commercial real estate mortgage—owner-occupied	1		0.01	%	1		0.01	%	2		0.03	%	—		—	%	1		0.01	%
Total commercial	10		0.02	%	12		0.03	%	12		0.03	%	11		0.02	%	12		0.02	%
Residential first mortgage—non-guaranteed (2)	69		0.49	%	70		0.50	%	62		0.44	%	61		0.44	%	66		0.48	%
Home equity—lines of credit	26		0.50	%	32		0.60	%	32		0.58	%	31		0.55	%	27		0.46	%
Home equity—closed-end	11		0.36	%	10		0.31	%	9		0.30	%	9		0.28	%	10		0.31	%
Indirect—vehicles	6		0.38	%	7		0.40	%	7		0.34	%	6		0.26	%	7		0.26	%
Indirect—other consumer	4		0.12	%	3		0.10	%	3		0.12	%	2		0.07	%	1		0.03	%
Consumer credit card	19		1.49	%	19		1.38	%	19		1.43	%	20		1.47	%	20		1.59	%
Other consumer	5		0.44	%	5		0.42	%	5		0.38	%	4		0.35	%	4		0.36	%
Total consumer (2)	140		0.47	%	146		0.49	%	137		0.46	%	133		0.44	%	135		0.44	%
Total accruing 90+ days past due loans (2)	$	150	0.17	%	$	158	0.19	%	$	149	0.18	%	$	144	0.17	%	$	147	0.18	%
Total delinquencies (1) (2)	$	460	0.52	%	$	478	0.58	%	$	495	0.60	%	$	513	0.62	%	$	454	0.54	%

(1) Excludes loans that are 100% guaranteed by FHA. Total 30-89 days past due guaranteed loans excluded were $37 million at 3/31/2020, $42 million at 12/31/2019, $37 million at 9/30/2019, $35 million at 06/30/2019, and $32 million at 3/31/2019.

(2) Excludes loans that are 100% guaranteed by FHA and all guaranteed loans sold to GNMA where Regions has the right but not the obligation to repurchase. Total 90 days or more past due guaranteed loans excluded were $59 million at 3/31/2020, $66 million at 12/31/2019, 9/30/2019 and 06/30/2019, and $76 million at 3/31/2019.

13

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Troubled Debt Restructurings

	As of
($ amounts in millions)	3/31/2020		12/31/2019		9/30/2019		6/30/2019		3/31/2019
Current:
Commercial	$	51	$	105	$	93	$	97	$	103
Investor real estate	14		32		30		15		14
Residential first mortgage	156		152		156		153		147
Home equity—lines of credit	38		40		42		43		45
Home equity—closed-end	92		103		110		117		125
Consumer credit card	1		1		1		1		1
Other consumer	3		4		4		4		5
Total current	355		437		436		430		440
Accruing 30-89 DPD:
Commercial	5		1		6		4		3
Residential first mortgage	25		25		26		26		26
Home equity—lines of credit	2		2		2		1		1
Home equity—closed-end	6		6		7		7		9
Other consumer	1		—		1		1		—
Total accruing 30-89 DPD	39		34		42		39		39
Total accruing and <90 DPD	394		471		478		469		479
Non-accrual or 90+ DPD:
Commercial	159		139		130		182		220
Investor real estate	1		1		5		5		5
Residential first mortgage	37		40		35		33		37
Home equity—lines of credit	2		2		2		4		4
Home equity—closed-end	6		6		7		10		11
Total non-accrual or 90+DPD	205		188		179		234		277
Total TDRs - Loans	$	599	$	659	$	657	$	703	$	756
TDRs - Held For Sale	—		1		4		7		8
Total TDRs	$	599	$	660	$	661	$	710	$	764
Total TDRs - Loans by Portfolio
	As of
($ amounts in millions)	3/31/2020		12/31/2019		9/30/2019		6/30/2019		3/31/2019
Total commercial TDRs	$	215	$	245	$	229	$	283	$	326
Total investor real estate TDRs	15		33		35		20		19
Total consumer TDRs	369		381		393		400		411
Total TDRs - Loans	$	599	$	659	$	657	$	703	$	756

14

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Consolidated Balance Sheets (unaudited)

	As of
($ amounts in millions)	3/31/2020			12/31/2019			9/30/2019			6/30/2019			3/31/2019
Assets:
Cash and due from banks	$	2,101		$	1,598		$	1,966		$	2,026		$	1,666
Interest-bearing deposits in other banks	3,154			2,516			3,101			2,462			2,141
Debt securities held to maturity	1,296			1,332			1,375			1,415			1,451
Debt securities available for sale	23,775			22,606			22,986			22,699			23,786
Loans held for sale	566			637			548			508			318
Loans, net of unearned income	88,098			82,963			82,786			83,553			84,430
Allowance for loan losses	(1,560		)	(869		)	(869		)	(853		)	(853		)
Net loans	86,538			82,094			81,917			82,700			83,577
Other earning assets	1,722			1,518			1,760			1,646			1,617
Premises and equipment, net	1,935			1,960			1,944			1,950			2,026
Interest receivable	349			362			377			389			388
Goodwill	4,845			4,845			4,845			4,829			4,829
Residential mortgage servicing rights at fair value (MSRs)	254			345			307			337			386
Other identifiable intangible assets, net	98			105			111			101			108
Other assets	6,909			6,322			6,910			6,456			6,509
Total assets	$	133,542		$	126,240		$	128,147		$	127,518		$	128,802
Liabilities and Equity:
Deposits:
Non-interest-bearing	$	37,133		$	34,113		$	34,360		$	34,678		$	34,775
Interest-bearing	62,897			63,362			59,945			60,293			60,945
Total deposits	100,030			97,475			94,305			94,971			95,720
Borrowed funds:
Short-term borrowings	3,150			2,050			5,401			4,250			1,600
Long-term borrowings	10,105			7,879			9,128			9,213			12,957
Total borrowed funds	13,255			9,929			14,529			13,463			14,557
Other liabilities	2,925			2,541			2,732			2,476			3,002
Total liabilities	116,210			109,945			111,566			110,910			113,279
Equity:
Preferred stock, non-cumulative perpetual	1,310			1,310			1,310			1,310			820
Common stock	10			10			10			11			11
Additional paid-in capital	12,695			12,685			12,803			13,380			13,584
Retained earnings	3,364			3,751			3,534			3,299			3,066
Treasury stock, at cost	(1,371		)	(1,371		)	(1,371		)	(1,371		)	(1,371		)
Accumulated other comprehensive income (loss), net	1,324			(90		)	295			(21		)	(598		)
Total shareholders’ equity	17,332			16,295			16,581			16,608			15,512
Noncontrolling interest	—			—			—			—			11
Total equity	17,332			16,295			16,581			16,608			15,523
Total liabilities and equity	$	133,542		$	126,240		$	128,147		$	127,518		$	128,802

15

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

End of Period Loans

	As of
											3/31/2020					3/31/2020
($ amounts in millions)	3/31/2020		12/31/2019		9/30/2019		6/30/2019		3/31/2019		vs. 12/31/2019					vs. 3/31/2019
Commercial and industrial	$	45,388	$	39,971	$	40,179	$	40,438	$	40,985	$	5,417		13.6	%	$	4,403		10.7	%
Commercial real estate mortgage—owner-occupied	5,550		5,537		5,532		5,455		5,522		13			0.2	%	28			0.5	%
Commercial real estate construction—owner-occupied	309		331		365		415		434		(22		)	(6.6	)%	(125		)	(28.8	)%
Total commercial	51,247		45,839		46,076		46,308		46,941		5,408			11.8	%	4,306			9.2	%
Commercial investor real estate mortgage	5,079		4,936		4,769		4,795		4,715		143			2.9	%	364			7.7	%
Commercial investor real estate construction	1,784		1,621		1,475		1,658		1,871		163			10.1	%	(87		)	(4.6	)%
Total investor real estate	6,863		6,557		6,244		6,453		6,586		306			4.7	%	277			4.2	%
Total business	58,110		52,396		52,320		52,761		53,527		5,714			10.9	%	4,583			8.6	%
Residential first mortgage (1)	14,535		14,485		14,397		14,253		14,113		50			0.3	%	422			3.0	%
Home equity—lines of credit (2)	5,201		5,300		5,430		5,561		5,705		(99		)	(1.9	)%	(504		)	(8.8	)%
Home equity—closed-end (3)	3,000		3,084		3,167		3,241		3,309		(84		)	(2.7	)%	(309		)	(9.3	)%
Indirect—vehicles	1,557		1,812		2,095		2,415		2,759		(255		)	(14.1	)%	(1,202		)	(43.6	)%
Indirect—other consumer	3,202		3,249		2,821		2,796		2,547		(47		)	(1.4	)%	655			25.7	%
Consumer credit card	1,303		1,387		1,322		1,303		1,274		(84		)	(6.1	)%	29			2.3	%
Other consumer	1,190		1,250		1,234		1,223		1,196		(60		)	(4.8	)%	(6		)	(0.5	)%
Total consumer	29,988		30,567		30,466		30,792		30,903		(579		)	(1.9	)%	(915		)	(3.0	)%
Total Loans	$	88,098	$	82,963	$	82,786	$	83,553	$	84,430	$	5,135		6.2	%	$	3,668		4.3	%

_______

(1) Regions sold $167 million of affordable housing residential mortgage loans during the first quarter of 2019.

(2) The balance of Regions' home equity lines of credit consists of $2,755 million of first lien and $2,446 million of second lien at 3/31/2020.

(3) The balance of Regions' closed-end home equity loans consists of $2,720 million of first lien and $280 million of second lien at 3/31/2020.

	As of
End of Period Loans by Percentage	3/31/2020		12/31/2019		9/30/2019		6/30/2019		3/31/2019
Commercial and industrial	51.5	%	48.2	%	48.5	%	48.4	%	48.6	%
Commercial real estate mortgage—owner-occupied	6.3	%	6.7	%	6.7	%	6.5	%	6.5	%
Commercial real estate construction—owner-occupied	0.4	%	0.4	%	0.4	%	0.5	%	0.5	%
Total commercial	58.2	%	55.3	%	55.6	%	55.4	%	55.6	%
Commercial investor real estate mortgage	5.8	%	5.9	%	5.8	%	5.7	%	5.6	%
Commercial investor real estate construction	2.0	%	2.0	%	1.8	%	2.0	%	2.2	%
Total investor real estate	7.8	%	7.9	%	7.6	%	7.7	%	7.8	%
Total business	66.0	%	63.2	%	63.2	%	63.1	%	63.4	%
Residential first mortgage	16.5	%	17.5	%	17.4	%	17.0	%	16.7	%
Home equity—lines of credit	5.9	%	6.4	%	6.6	%	6.7	%	6.8	%
Home equity—closed-end	3.4	%	3.7	%	3.8	%	3.9	%	3.9	%
Indirect—vehicles	1.8	%	2.2	%	2.5	%	2.9	%	3.3	%
Indirect—other consumer	3.6	%	3.9	%	3.4	%	3.3	%	3.0	%
Consumer credit card	1.5	%	1.7	%	1.6	%	1.6	%	1.5	%
Other consumer	1.3	%	1.4	%	1.5	%	1.5	%	1.4	%
Total consumer	34.0	%	36.8	%	36.8	%	36.9	%	36.6	%
Total Loans	100.0	%	100.0	%	100.0	%	100.0	%	100.0	%

Adjusted End of Period Loans (non-GAAP)

Regions believes adjusting total end of period loans for the impact of the indirect vehicles exit portfolio, provides a meaningful calculation of loan growth rates and presents them on the same basis as that applied by management.

	As of
											3/31/2020					3/31/2020
($ amounts in millions)	3/31/2020		12/31/2019		9/30/2019		6/30/2019		3/31/2019		vs. 12/31/2019					vs. 3/31/2019
Total consumer loans	$	29,988	$	30,567	$	30,466	$	30,792	$	30,903	$	(579	)	(1.9	)%	$	(915	)	(3.0	)%
Less: Indirect—vehicles	1,557		1,812		2,095		2,415		2,759		(255		)	(14.1	)%	(1,202		)	(43.6	)%
Adjusted total consumer loans (non-GAAP)	$	28,431	$	28,755	$	28,371	$	28,377	$	28,144	$	(324	)	(1.1	)%	$	287		1.0	%
Total loans	$	88,098	$	82,963	$	82,786	$	83,553	$	84,430	$	5,135		6.2	%	$	3,668		4.3	%
Less: Indirect—vehicles	1,557		1,812		2,095		2,415		2,759		(255		)	(14.1	)%	(1,202		)	(43.6	)%
Adjusted total loans (non-GAAP)	$	86,541	$	81,151	$	80,691	$	81,138	$	81,671	$	5,390		6.6	%	$	4,870		6.0	%

16

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Average Balances of Loans

	Average Balances
($ amounts in millions)	1Q20		4Q19		3Q19		2Q19		1Q19		1Q20 vs. 4Q19					1Q20 vs. 1Q19
Commercial and industrial	$	40,519	$	39,743	$	40,200	$	40,707	$	39,999	$	776		2.0	%	$	520		1.3	%
Commercial real estate mortgage—owner-occupied	5,509		5,489		5,481		5,448		5,560		20			0.4	%	(51		)	(0.9	)%
Commercial real estate construction—owner-occupied	323		357		390		447		409		(34		)	(9.5	)%	(86		)	(21.0	)%
Total commercial	46,351		45,589		46,071		46,602		45,968		762			1.7	%	383			0.8	%
Commercial investor real estate mortgage	4,975		4,841		4,859		4,699		4,729		134			2.8	%	246			5.2	%
Commercial investor real estate construction	1,673		1,544		1,529		1,797		1,821		129			8.4	%	(148		)	(8.1	)%
Total investor real estate	6,648		6,385		6,388		6,496		6,550		263			4.1	%	98			1.5	%
Total business	52,999		51,974		52,459		53,098		52,518		1,025			2.0	%	481			0.9	%
Residential first mortgage	14,469		14,416		14,298		14,150		14,203		53			0.4	%	266			1.9	%
Home equity—lines of credit	5,237		5,357		5,482		5,637		5,792		(120		)	(2.2	)%	(555		)	(9.6	)%
Home equity—closed-end	3,038		3,121		3,201		3,273		3,343		(83		)	(2.7	)%	(305		)	(9.1	)%
Indirect—vehicles	1,679		1,948		2,247		2,578		2,924		(269		)	(13.8	)%	(1,245		)	(42.6	)%
Indirect—other consumer	3,263		3,005		2,750		2,662		2,429		258			8.6	%	834			34.3	%
Consumer credit card	1,348		1,337		1,310		1,286		1,304		11			0.8	%	44			3.4	%
Other consumer	1,216		1,234		1,239		1,221		1,212		(18		)	(1.5	)%	4			0.3	%
Total consumer	30,250		30,418		30,527		30,807		31,207		(168		)	(0.6	)%	(957		)	(3.1	)%
Total loans	$	83,249	$	82,392	$	82,986	$	83,905	$	83,725	$	857		1.0	%	$	(476	)	(0.6	)%

Adjusted Average Balances of Loans (non-GAAP)

Regions believes adjusting total average loans for the impact of the indirect vehicles exit portfolio, provides a meaningful calculation of loan growth rates and presents them on the same basis as that applied by management.

	Average Balances
($ amounts in millions)	1Q20		4Q19		3Q19		2Q19		1Q19		1Q20 vs. 4Q19					1Q20 vs. 1Q19
Total consumer loans	$	30,250	$	30,418	$	30,527	$	30,807	$	31,207	$	(168	)	(0.6	)%	$	(957	)	(3.1	)%
Less: Indirect—vehicles	1,679		1,948		2,247		2,578		2,924		(269		)	(13.8	)%	(1,245		)	(42.6	)%
Adjusted total consumer loans (non-GAAP)	$	28,571	$	28,470	$	28,280	$	28,229	$	28,283	$	101		0.4	%	$	288		1.0	%
Total loans	$	83,249	$	82,392	$	82,986	$	83,905	$	83,725	$	857		1.0	%	$	(476	)	(0.6	)%
Less: Indirect—vehicles	1,679		1,948		2,247		2,578		2,924		(269		)	(13.8	)%	(1,245		)	(42.6	)%
Adjusted total loans (non-GAAP)	$	81,570	$	80,444	$	80,739	$	81,327	$	80,801	$	1,126		1.4	%	$	769		1.0	%

17

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

End of Period Deposits

	As of
												3/31/2020					3/31/2020
($ amounts in millions)	3/31/2020		12/31/2019		9/30/2019		6/30/2019		3/31/2019			vs. 12/31/2019					vs. 3/31/2019
Interest-free deposits	$	37,133	$	34,113	$	34,360	$	34,678	$	34,775		$	3,020		8.9	%	$	2,358		6.8	%
Interest-bearing checking	19,992		20,046		18,107		18,625		19,724			(54		)	(0.3	)%	268			1.4	%
Savings	9,199		8,640		8,588		8,659		9,031			559			6.5	%	168			1.9	%
Money market—domestic	26,328		25,326		25,329		24,729		23,806			1,002			4.0	%	2,522			10.6	%
Low-cost deposits	92,652		88,125		86,384		86,691		87,336			4,527			5.1	%	5,316			6.1	%
Time deposits	7,122		7,442		7,639		7,731		7,704			(320		)	(4.3	)%	(582		)	(7.6	)%
Total Customer Deposits	99,774		95,567		94,023		94,422		95,040			4,207			4.4	%	4,734			5.0	%
Corporate treasury time deposits	256		108		282		549		680			148			137.0	%	(424		)	(62.4	)%
Corporate treasury other deposits	$	—	1,800		—		—		—			(1,800		)	(100.0	)%	—			NM
Total Deposits	$	100,030	$	97,475	$	94,305	$	94,971	$	95,720		$	2,555		2.6	%	$	4,310		4.5	%
	As of
												3/31/2020					3/31/2020
($ amounts in millions)	3/31/2020		12/31/2019		9/30/2019		6/30/2019		3/31/2019			vs. 12/31/2019					vs. 3/31/2019
Consumer Bank Segment	$	61,238	$	59,438	$	59,422	$	59,775	$	59,880		$	1,800		3.0	%	$	1,358		2.3	%
Corporate Bank Segment	29,862		27,626		26,312		26,386		26,741			2,236			8.1	%	3,121			11.7	%
Wealth Management Segment	8,372		8,162		7,905		7,919		7,994			210			2.6	%	378			4.7	%
Other (1)	558		2,249		666		891		1,105			(1,691		)	(75.2	)%	(547		)	(49.5	)%
Total Deposits	$	100,030	$	97,475	$	94,305	$	94,971	$	95,720		$	2,555		2.6	%	$	4,310		4.5	%
	As of
												3/31/2020					3/31/2020
($ amounts in millions)	3/31/2020		12/31/2019		9/30/2019		6/30/2019		3/31/2019			vs. 12/31/2019					vs. 3/31/2019
Wealth Management - Private Wealth	$	7,168	$	7,180	$	6,913	$	6,965	$	7,089		$	(12	)	(0.2	)%	$	79		1.1	%
Wealth Management - Institutional Services	1,204		982		992		954		905			222			22.6	%	299			33.0	%
Total Wealth Management Segment Deposits	$	8,372	$	8,162	$	7,905	$	7,919	$	7,994		$	210		2.6	%	$	378		4.7	%
									As of
End of Period Deposits by Percentage									3/31/2020			12/31/2019			9/30/2019		6/30/2019			3/31/2019
Interest-free deposits									37.1		%	35.0		%	36.4	%	36.5		%	36.3	%
Interest-bearing checking									20.0		%	20.6		%	19.2	%	19.6		%	20.6	%
Savings									9.2		%	8.9		%	9.1	%	9.1		%	9.4	%
Money market—domestic									26.3		%	26.0		%	26.9	%	26.0		%	24.9	%
Low-cost deposits									92.6		%	90.5		%	91.6	%	91.2		%	91.2	%
Time deposits									7.1		%	7.6		%	8.1	%	8.2		%	8.1	%
Total Customer Deposits									99.7		%	98.1		%	99.7	%	99.4		%	99.3	%
Corporate treasury time deposits									0.3		%	0.1		%	0.3	%	0.6		%	0.7	%
Corporate treasury other deposits									—		%	1.8		%	—	%	—		%	—	%
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, Eurodollar trade deposits, selected deposits and brokered time deposits).

18

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Average Balances of Deposits

	Average Balances
($ amounts in millions)	1Q20		4Q19		3Q19		2Q19		1Q19		1Q20 vs. 4Q19					1Q20 vs. 1Q19
Interest-free deposits	$	34,205	$	34,098	$	33,599	$	33,883	$	33,896	$	107		0.3	%	$	309		0.9	%
Interest-bearing checking	19,273		18,668		18,257		18,869		19,309		605			3.2	%	(36		)	(0.2	)%
Savings	8,822		8,616		8,607		8,806		8,852		206			2.4	%	(30		)	(0.3	)%
Money market—domestic	25,151		25,289		24,904		24,350		23,989		(138		)	(0.5	)%	1,162			4.8	%
Low-cost deposits	87,451		86,671		85,367		85,908		86,046		780			0.9	%	1,405			1.6	%
Time deposits	7,302		7,543		7,712		7,800		7,471		(241		)	(3.2	)%	(169		)	(2.3	)%
Total Customer Deposits	94,753		94,214		93,079		93,708		93,517		539			0.6	%	1,236			1.3	%
Corporate treasury time deposits	280		189		436		657		496		91			48.1	%	(216		)	(43.5	)%
Corporate treasury other deposits	639		109		541		553		157		530			486.2	%	482			307.0	%
Total Deposits	$	95,672	$	94,512	$	94,056	$	94,918	$	94,170	$	1,160		1.2	%	1,502			1.6	%

	Average Balances
($ amounts in millions)	1Q20		4Q19		3Q19		2Q19		1Q19		1Q20 vs. 4Q19					1Q20 vs. 1Q19
Consumer Bank Segment	$	59,711	$	59,359	$	59,217	$	59,277	$	57,952	$	352		0.6	%	$	1,759		3.0	%
Corporate Bank Segment	26,618		26,627		25,690		26,154		26,904		(9		)	—	%	(286		)	(1.1	)%
Wealth Management Segment	8,073		7,891		7,843		7,924		7,948		182			2.3	%	125			1.6	%
Other (1)	1,270		635		1,306		1,563		1,366		635			100.0	%	(96		)	(7.0	)%
Total Deposits	$	95,672	$	94,512	$	94,056	$	94,918	$	94,170	$	1,160		1.2	%	$	1,502		1.6	%

	Average Balances
($ amounts in millions)	1Q20		4Q19		3Q19		2Q19		1Q19		1Q20 vs. 4Q19				1Q20 vs. 1Q19
Wealth Management - Private Wealth	$	7,062	$	7,040	$	6,984	$	7,033	$	7,111	$	22	0.3	%	$	(49	)	(0.7	)%
Wealth Management - Institutional Services	1,011		851		859		891		837		160		18.8	%	174			20.8	%
Total Wealth Management Segment Deposits	$	8,073	$	7,891	$	7,843	$	7,924	$	7,948	$	182	2.3	%	$	125		1.6	%

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

19

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Reconciliation to GAAP Financial Measures

Tangible Common Ratios

The following tables provide the calculation of the end of period “tangible common shareholders’ equity” and "tangible common book value per share" ratios, and a reconciliation of shareholders’ equity (GAAP) to tangible common shareholders’ equity (non-GAAP). Since analysts and banking regulators may assess Regions’ capital adequacy using tangible common shareholders' equity, we believe 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)		3/31/2020			12/31/2019			9/30/2019			6/30/2019			3/31/2019
Tangible Common Ratios
Shareholders’ equity (GAAP)		$	17,332		$	16,295		$	16,581		$	16,608		$	15,512
Less:
Preferred stock (GAAP)		1,310			1,310			1,310			1,310			820
Intangible assets (GAAP)		4,943			4,950			4,956			4,930			4,937
Deferred tax liability related to intangibles (GAAP)		(92		)	(92		)	(93		)	(94		)	(94		)
Tangible common shareholders’ equity (non-GAAP)	A	$	11,171		$	10,127		$	10,408		$	10,462		$	9,849
Total assets (GAAP)		$	133,542		$	126,240		$	128,147		$	127,518		$	128,802
Less:
Intangible assets (GAAP)		4,943			4,950			4,956			4,930			4,937
Deferred tax liability related to intangibles (GAAP)		(92		)	(92		)	(93		)	(94		)	(94		)
Tangible assets (non-GAAP)	B	$	128,691		$	121,382		$	123,284		$	122,682		$	123,959
Shares outstanding—end of quarter	C	957			957			964			1,004			1,013
Tangible common shareholders’ equity to tangible assets (non-GAAP)	A/B	8.68		%	8.34		%	8.44		%	8.53		%	7.95		%
Tangible common book value per share (non-GAAP)	A/C	$	11.67		$	10.58		$	10.79		$	10.42		$	9.72

20

Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

Forward-Looking Statements

This release may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Any statement that does not describe historical or current facts is a forward-looking statement, including statements regarding the potential effects of the COVID-19 pandemic on our businesses and financial results and conditions. 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:

• Current and future economic and market conditions in the United States generally or in the communities we serve (in particular the Southeastern United States), including the effects of possible declines in property values, increases in unemployment rates, financial market disruptions and potential reductions of economic growth, which may adversely affect our lending and other businesses and our financial results and conditions.

• Possible changes in trade, monetary and fiscal policies of, and other activities undertaken by, governments, agencies, central banks and similar organizations, which could have a material adverse effect on our earnings.

• Possible changes in market interest rates or capital markets could adversely affect our revenue and expense, the value of assets and obligations, and the availability and cost of capital and liquidity.

• The impact of pandemics, including the COVID-19 pandemic, on our businesses and financial results and conditions.

• Any impairment of our goodwill or other intangibles, any repricing of assets, or any adjustment of valuation allowances on our deferred tax assets due to changes in law, adverse changes in the economic environment, declining operations of the reporting unit or other factors.

• The effect of changes in tax laws, including the effect of any future interpretations of or amendments to Tax Reform, which may impact our earnings, capital ratios and our ability to return capital to shareholders.

• Possible changes in the creditworthiness of customers and the possible impairment of the collectability of loans and leases, including operating leases.

• Changes in the speed of loan prepayments, loan origination and sale volumes, charge-offs, loan loss provisions or actual loan losses where our allowance for loan losses may not be adequate to cover our eventual losses.

• Possible acceleration of prepayments on mortgage-backed securities due to low interest rates, and the related acceleration of premium amortization on those securities.

• Loss of customer checking and savings account deposits as customers pursue other, higher-yield investments, which could increase our funding costs.

• Possible changes in consumer and business spending and saving habits and the related effect on our ability to increase assets and to attract deposits, which could adversely affect our net income.

• Our ability to effectively compete with other traditional and non-traditional financial services companies, some of whom possess greater financial resources than we do or are subject to different regulatory standards than we are.

• Our inability to develop and gain acceptance from current and prospective customers for new products and services and the enhancement of existing products and services to meet customers’ needs and respond to emerging technological trends in a timely manner could have a negative impact on our revenue.

• Our inability to keep pace with technological changes could result in losing business to competitors.

• Changes in laws and regulations affecting our businesses, including legislation and regulations relating to bank products and services, as well as changes in the enforcement and interpretation of such laws and regulations by applicable governmental and self-regulatory agencies, which could require us to change certain business practices, increase compliance risk, reduce our revenue, impose additional costs on us, or otherwise negatively affect our businesses.

• Our ability to obtain a regulatory non-objection (as part of the CCAR process or otherwise) to take certain capital actions, including paying dividends and any plans to increase common stock dividends, repurchase common stock under current or future programs, or redeem preferred stock or other regulatory capital instruments, may impact our ability to return capital to shareholders and market perceptions of us.

• Our ability to comply with stress testing and capital planning requirements (as part of the CCAR process or otherwise) may continue to require a significant investment of our managerial resources due to the importance of such tests and requirements.

• Our ability to comply with applicable capital and liquidity requirements (including, among other things, the Basel III capital standards), including our ability to generate capital internally or raise capital on favorable terms, and if we fail to meet requirements, our financial condition could be negatively impacted.

• The effects of any developments, changes or actions relating to any litigation or regulatory proceedings brought against us or any of our subsidiaries.

• The costs, including possibly incurring fines, penalties, or other negative effects (including reputational harm) of any adverse judicial, administrative, or arbitral rulings or proceedings, regulatory enforcement actions, or other legal actions to which we or any of our subsidiaries are a party, and which may adversely affect our results.

• Our ability to manage fluctuations in the value of assets and liabilities and off-balance sheet exposure so as to maintain sufficient capital and liquidity to support our business.

• Our ability to execute on our strategic and operational plans, including our ability to fully realize the financial and non-financial benefits relating to our strategic initiatives.

• The risks and uncertainties related to our acquisition or divestiture of businesses.

• The success of our marketing efforts in attracting and retaining customers.

• Our ability to recruit and retain talented and experienced personnel to assist in the development, management and operation of our products and services may be affected by changes in laws and regulations in effect from time to time.

• Fraud or misconduct by our customers, employees or business partners.

• Any inaccurate or incomplete information provided to us by our customers or counterparties.

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Regions Financial Corporation and Subsidiaries                                

Financial Supplement to First Quarter 2020 Earnings Release

• Inability of our framework to manage risks associated with our business such as credit risk and operational risk, including third-party vendors and other service providers, which could, among other things, result in a breach of operating or security systems as a result of a cyber attack or similar act or failure to deliver our services effectively.

• Dependence on key suppliers or vendors to obtain equipment and other supplies for our business on acceptable terms.

• The inability of our internal controls and procedures to prevent, detect or mitigate any material errors or fraudulent acts.

• The effects of geopolitical instability, including wars, conflicts and terrorist attacks and the potential impact, directly or indirectly, on our businesses.

• The effects of man-made and natural disasters, including fires, floods, droughts, tornadoes, hurricanes, and environmental damage (specifically in the Southeastern United States), which may negatively affect our operations and/or our loan portfolios and increase our cost of conducting business. The severity and impact of future earthquakes, fires, hurricanes, tornadoes, droughts, floods and other weather-related events are difficult to predict and may be exacerbated by global climate change.

• Changes in commodity market prices and conditions could adversely affect the cash flows of our borrowers operating in industries that are impacted by changes in commodity prices (including businesses indirectly impacted by commodities prices such as businesses that transport commodities or manufacture equipment used in the production of commodities), which could impair their ability to service any loans outstanding to them and/or reduce demand for loans in those industries.

• Our ability to identify and address cyber-security risks such as data security breaches, malware, “denial of service” attacks, “hacking” and identity theft, including account take-overs, a failure of which could disrupt our business and result in the disclosure of and/or misuse or misappropriation of confidential or proprietary information, disruption or damage to our systems, increased costs, losses, or adverse effects to our reputation.

• Our ability to achieve our expense management initiatives.

• Possible cessation or market replacement of LIBOR and the related effect on our LIBOR-based financial products and contracts, including, but not limited to, derivative products, debt obligations, deposits, investments, and loans.

• Possible downgrades in our credit ratings or outlook could increase the costs of funding from capital markets.

• The effects of a possible downgrade in the U.S. government’s sovereign credit rating or outlook, which could result in risks to us and general economic conditions that we are not able to predict.

• The effects of problems encountered by other financial institutions that adversely affect us or the banking industry generally could require us to change certain business practices, reduce our revenue, impose additional costs on us, or otherwise negatively affect our businesses.

• The effects of the failure of any component of our business infrastructure provided by a third party could disrupt our businesses, result in the disclosure of and/or misuse of confidential information or proprietary information, increase our costs, negatively affect our reputation, and cause losses.

• Our ability to receive dividends from our subsidiaries could affect our liquidity and ability to pay dividends to shareholders.

• Changes in accounting policies or procedures as may be required by the FASB or other regulatory agencies could materially affect our financial statements and how we report those results, and expectations and preliminary analyses relating to how such changes will affect our financial results could prove incorrect.

• Other risks identified from time to time in reports that we file with the SEC.

• Fluctuations in the price of our common stock and inability to complete stock repurchases in the time frame and/or on the terms anticipated.

• The effects of any damage to our reputation resulting from developments related to any of the items identified above.

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” of Regions’ Annual Report on Form 10-K for the year ended December 31, 2019 as filed with the SEC.

Further, statements about the potential effects of the COVID-19 pandemic on our businesses and financial results and conditions may constitute forward-looking statements and 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, including the scope and duration of the pandemic, actions taken by governmental authorities in response to the pandemic, and the direct and indirect impact of the pandemic on our customers, third parties and us.

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 and expressions often signify forward-looking statements. 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.

Regions’ Investor Relations contact is Dana Nolan at (205) 264-7040; Regions’ Media contact is Evelyn Mitchell at (205) 264-4551.

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