Regions Financial : First Quarter 2026 Earnings Presentation

Published: 2026-04-17 06:04:10 ET RF

Published on 04/17/2026 at 06:04 am EDT

‌Exhibit 99.3

April 17, 2026

‌First Quarter Overview

Key Performance Metrics

1Q26

Net Income Available to Common Shareholders

$539M

Diluted Earnings Per Share

$0.62

Total Revenue

$1,873M

Non-Interest Expense

$1,068M

Pre-Tax Pre-Provision Income(1)

$805M

Efficiency Ratio

56.6%

Net-Charge Offs / Avg Loans

0.54%

Return on Average Tangible Common Equity(1)

18.26%

Continue to deliver consistent, sustainable long-term performance

Highlights

Consistently generating top-quartile returns in our peer group(2)

Sustained strong momentum into the first quarter, with loan and deposit growth and continued improvement in credit metrics

Benefiting from a stable and engaged customer base, with generally constructive sentiment across businesses and consumers

Advancing core transformation and technology initiatives, including upcoming deployment of the commercial lending system and small business digital origination platform, with core deposit system testing also underway

Investing in near-term growth and future capabilities, with strong progress on strategic growth hiring initiative and targeted product investments across all three lines of business

(1) Non-GAAP, see appendix for reconciliation. In certain instances no adjustments have been made and the resulting "adjusted" figure is therefore equal to the reported amount and no reconciliation has been 2

provided. (2) Peers include CFG, FCNCA, FHN, FITB, HBAN, HWC, KEY, MTB, PNC, SSB, TFC, USB, ZION.

‌Loans

Poised for continued growth

Average Loans & Leases

($ in billions)

$64.0

$63.1

$32.4

$32.6

$33.0

$96.1 $95.7 $96.4

1Q25 4Q25 1Q26

Ending Loans & Leases

($ in billions)

$65.7

$63.0

$62.8

$32.2

$32.6

$32.9

$95.7 $95.6 $97.9

1Q25 4Q25 1Q26

QoQ Highlights & Outlook

Avg loans grew 1% while ending loans increased 2%, reflecting improving demand and line utilization

Avg business loans increased 2%, while average consumer loans decreased 1%

Broad-based C&I lending drove growth, led by power & utilities, manufacturing, healthcare, and asset-based lending

Approximately half driven by higher line utilization, with the remainder from new loan originations, primarily to existing clients (~80%)

Nearly two-thirds was investment-grade credits, and most of the remaining balance was near investment grade credits

Client sentiment continues to improve, with pipelines and commitments up 21% and 5% YoY

Expect FY26 avg loan balances to be up low single digits compared to 2025

‌Deposits

Disciplined deposit growth with improving mix and costs

QoQ Highlights & Outlook

Avg deposits increased modestly, while ending balances increased ~1%, driven by normal seasonal patterns related to tax refunds and payments

Deposit costs continued to decline as balances grew, supported by a strong deposit franchise and disciplined customer acquisition and retention strategies

Deliberate mix shift from CDs to money market accounts continued across both consumer and wealth, with growth in combined balances

NIB mix remains stable in the low 30% range, reflecting the operational nature of the deposit base

Expect FY26 avg balances to be up low single digits compared to 2025

Average Deposits by Segment

($ in billions)

$2.4

$2.1

$79.6

1.20%

$79.5

$78.7

1.29%

1.40%

$7.6

$38.3

$7.8

$40.7

$7.8

$40.2

$3.1

$127.7 $129.9 $130.2

1Q25 4Q25 1Q26

Ending Deposits by Segment

($ in billions)

$131.0

$2.9

$131.1

$2.2

$131.9

$2.3

$81.2

$80.2

$80.6

$7.8

$40.6

$8.3

$40.4

$7.8

$39.7

1Q25 4Q25 1Q26

Total Deposit Costs(2)

(1) Other deposits represent non-customer balances primarily consisting of wholesale funding (for example, Eurodollar trade deposits, selected deposits and brokered time deposits). (2) IB deposit costs were 4

1.72%, 1.85%, and 2.02% in 1Q26, 4Q25, and 1Q25, respectively.

‌NII & Margin Performance

Well protected margin with NII growth from balance sheet repricing and expansion

1Q NII and NIM Drivers

NII decreased 2.6% QoQ; NIM decreased 3bps to 3.67%

NII decline primarily attributable to:

Two fewer days and expected impact of 4Q non-recurring items

Loan spread compression from market conditions and remixing into highly rated credits and public sector entities

Well protected from short-term rate declines given hedging and ability to manage deposit costs lower

New production fixed-rate asset yields continue to benefit from elevated long-term interest rates

Late quarter loan growth expected to benefit 2Q and beyond

FTE NII and NIM ($ in millions)

$1,206 $1,294 $1,261

3.52%

3.70%

3.67%

Market Rate Impacts - fully protected from Fed cuts

$1,248

$1,281

1Q25 4Q25 1Q26

NII Attribution ($ in millions)

2.34%

1Q cycle-to-date interest-bearing beta(6) = 35%

2.13%

2.02%

1.99%

2.01%

1.85%

1.72%

2.60%

Interest-bearing Deposit Cost Trend

4Q25

Non-Recurring 4Q25 Items(1)

Days / Other(2)

Loan Spreads / Mix

Floating Product Repricing (3)

Deposit Cost / Balance

Hedges

Fixed Asset Turnover(4)

Loan Balances

2.40%

2.20%

2.00%

1.80%

1.60%

2.37%

1Q interest-bearing deposit cost(5) -13bps QoQ

-3bps

-$33M

1.69%

NII -$21M -$15M -$4M -$46M +$30M +$14M $6M $3M

NIM -6bps +3bps -1bps -13bps +9bps +4bps +2bps -1bps

1Q26

3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26

Qtrly Int-Bearing Rates

(1) Non-recurring items reducing 1Q26 NII when compared to 4Q25 include seasonal HR asset dividends (-$10M), swap deferred gain amortization (-$4M), and credit recoveries (-$7M). (2) Days/Other includes two fewer days (-$12M) and other miscellaneous items. (3) Floating product repricing includes contractual loan, cash and borrowings repricing. (4) Fixed asset turnover includes the benefits of loan and securities

production at higher market rates than maturities, securities premium amortization net discount accretion. (5) Measuring quarterly average yields/costs from 4Q25 to 1Q26. (6) Using a starting point of 3Q24 interest- 5

bearing deposit costs and peak Fed Funds of 5.50%.

‌2026 NII(1) Expected Range and Assumptions

NII expected to grow in 2026 under a wide range of possible outcomes

Expectation: Full-year 2026 NII to grow between 2.5 - 4%, with fixed-rate asset turnover, funding cost management, and loan growth as the primary drivers

2Q26 NII expected to increase by approximately 2% vs 1Q26, from balance sheet growth, fixed-rate asset turnover, lower deposit costs, and day count

Higher long-term interest rates / steeper yield curve (10-year 4.60% and above); widening asset spreads

Accelerating loan and/or deposit balance growth

Falling rate deposit beta above mid-30%s; increasing non-interest bearing deposit mix

+4%

Upper End

Current

Outlook

+2.5%

Lower End

2Q26 NIM expected to be mid to high 3.60%s, exiting the year in the low 3.70%s

$5,000

$4,000

2016

2015

$3,000

Net Interest Income Trend ($M)

Anticipated continuation of longterm growth trajectory after post-pandemic normalization

2026

2025

2024

2023

2022

2021

2020

2019

2018

2017

Lower long-term interest rates / flatter yield curve (10-year below 3.80%); tightening asset spreads

Declining loan and/or deposit balances

Falling rate deposit beta below mid-30%s; decreasing non-interest-bearing deposit mix

Mostly stable yield curve: range-bound long-term rates (10-year 4.00% to 4.40%) and stable to modestly lower fed funds

Full year average loan balances up low single digits and deposit balances up low single digits

Mid-30%s interest-bearing deposit beta; Non-interest-bearing deposit mix stable in the low-30%s

(1) NII represents non-FTE Net Interest Income. 6

‌Non-Interest Income

Non-Interest Income

($ in millions)

$590

$640

$625

1Q25 4Q25 1Q26

Adj. Non-Interest Income(1)

QoQ Highlights & Outlook

NIR decreased 2% on both a reported and adjusted(1) basis

Service charges remained stable, as record Treasury Management fees, up 6% linked-quarter, offset seasonally lower consumer revenue; TM remains a key growth driver

Card and ATM fees decreased 5%, reflecting normal seasonality; Expect fees to peak in 2Q and level out in 2H26

Capital Markets (Ex CVA) increased 4%, driven by improved commercial swap, loan syndication, and securities underwriting activity, partially offset by lower real estate capital markets and M&A fees; Expect quarterly revenue to continue increasing within the $90 - $105M range, trending toward the lower end in 2Q amid market volatility and elevated rates, with momentum building thereafter

Other NIR declined 29%, driven primarily by commercial lease activity, with ~$6M of gains in 4Q and ~$7M of losses in 1Q

Expect FY26 adjusted non-interest income to grow 3 - 5% vs 2025(4)

($ in millions)

$615 $640 $625

1Q25 4Q25 1Q26

($ in millions)

1Q26

Chan

4Q25

ge vs

1Q25

Service Charges - Consumer(2)

$96

(5.0)%

Service Charges - Corporate(3)

$66

8.2%

3.1%

Wealth Management Income

141

(1.4)%

9.3%

Card and ATM Fees

117

(4.9)%

Capital Markets (Ex CVA/DVA)

3.8%

2.5%

Mortgage Income

(20.0)%

Other

(29.4)%

(12.2)%

(1) Non-GAAP; see appendix for reconciliation. (2) Consumer overdrafts typically represent approximately half of these amounts each quarter. (3) The majority of these amounts relate to Treasury Management

(TM) activities and typically represent approximately two-thirds of total TM revenue each quarter. (4) See appendix for further information on the forward-looking guidance provided by the Company with respect 7

to this non-GAAP measure.

‌Non-Interest Expense

Non-Interest Expense

($ in millions)

57.9%

56.8%

56.6%

$1,039 $1,098 $1,068

Adj. Non-Interest Expense(1)

QoQ Highlights & Outlook

NIE decreased 3% on a reported basis and 4% on an adjusted(1) basis

Salaries & benefits remained relatively stable, as lower incentives along with 4Q employee benefit liability impacts tied to HR dividend income largely offset seasonal increases in payroll taxes, 401(k) match, and merit

FDIC insurance assessments increased $16M, as a 4Q FDIC insurance special assessment accrual reduction of $14M did not repeat

Maintaining disciplined expense management while continuing to invest across the franchise

Expect FY26 adjusted NIE (inclusive of investments) to be up 1.5 - 3.5%; Anticipate generating FY adj. positive operating leverage(3)

($ in millions)

56.8%

57.5%

56.6%

$1,035 $1,112 $1,068

1Q25 4Q25 1Q26

Adjusted efficiency ratio(1)

Adj. Non-Interest Expense(1)

($ in millions)

$135

$22

2.8% CAGR

$3,698 $3,886

$3,387 $3,419 $3,434 $3,443 $3,541

$4,262 $4,227 $4,331

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Adjusted non-interest expense (1)

(1) Non-GAAP; see appendix for reconciliation. (2) 2Q20 acquisition of Ascentium Capital and 4Q21 acquisitions of EnerBank, Sabal Capital Partners, and Clearsight Advisors. (3) See appendix for further

information on the forward-looking guidance provided by the Company with respect to this non-GAAP measure.

‌Asset Quality

Credit performance improving; metrics tracking favorably

$142

$123

$130

0.52%

0.54%

0.59%

Net Charge-Offs(1)

Non-Performing Loans (NPLs)(1)

$843

$698

$692

0.71%

0.73%

0.88%

1Q25 4Q25 1Q26

Allowance for Credit Losses (ACL)(1)

$1,730 $1,686 $1,647

1Q25 4Q25 1Q26

205%

242%

238%

1.81%

1.76%

1.68%

QoQ Highlights & Outlook

1Q annualized NCOs decreased 5bps to 54bps, reflecting continued progress on resolutions within previously identified portfolios of interest reserved for in prior periods

Business services criticized and total NPLs remained relatively stable, as upgrades outpaced downgrades; NPL ratio declined 2bps to 71bps, while the business services criticized ratio declined 16bps to 5.15% of business loans

Provision of $91M; ACL declined $39M as improved asset quality, risk-rating upgrades, and resolution of loans within previously identified portfolios of interest more than offset loan growth and macro uncertainty; ACL ratio down 8bps to 1.68%, while coverage of NPLs remains solid at 238%

Expect FY26 NCOs to be between 40 - 50bps

1Q25 4Q25 1Q26

(1) $ in Millions. 9

‌Capital and Liquidity

Managing capital flexibility to support growth and shareholder returns

QoQ Highlights & Outlook

Declared 1Q common dividends of $227M and executed $401M in share repurchases

Dividend payout target of 40-50% of earnings

1Q CET1 (inclusive of AOCI) was 9.4%(1)(6); In near-term, expect to manage around the mid-point of our

9.25 - 9.75% operating range(4)

Common book value per share of $20.39 and tangible common book value per share(4) of $13.69, increases of 9% and 11%, respectively YoY

Total Liquidity Sources well above required levels as informed by internal liquidity stress testing

Including capacity at the discount window, liquidity to uninsured deposits ratio is ~178%(5)

Tier 1 Capital Ratio(1)

12.2% 12.0% 11.7%

1Q25 4Q25 1Q26

Common Equity Tier 1 Ratio(1)

10.8% 10.9% 10.7%

1Q25 4Q25 1Q26

Total Liquidity Sources

Position ($B) as of

1Q25

4Q25

1Q26

Cash at the Federal Reserve(2)

$ 10.9

$ 7.7

$ 7.6

Unencumbered Investment Securities(3)

24.1

26.3

25.6

Federal Home Loan Bank Availability

10.8

11.1

10.7

Discount Window Availability

22.1

22.8

24.0

Total

$ 67.9

(1) Current quarter ratios are estimated. (2) Fed master account closing balance only. Does not include other small in transit / processing items included in Call Report or SEC reports. (3) Unencumbered Investment Securities comprise securities that are eligible as collateral for secured transactions through market channels or are eligible to be pledged to the Federal Home Loan Bank, the Federal Reserve Discount Window, or

the Standing Repo Facility. (4) See appendix for further information on the forward-looking guidance provided by the Company with respect to this non-GAAP measure. (5) This ratio excludes intercompany and 10

‌CET1 Under Basel III Endgame (B3E)

B3E Update

In March, the Federal Reserve released a notice of proposed rulemaking (NPR) to implement B3E which, as expected, would include AOCI in Regulatory Capital

1Q CET1 adjusted to include AOCI is estimated to be 9.4%(1)(2)

In the near term, expect to manage CET1 inclusive of AOCI around the mid-point of our 9.25 - 9.75% Operating Range(3); Creates meaningful flexibility

Continue to evaluate options to manage potential capital volatility introduced through the inclusion of AOCI via Held-to-Maturity, derivative hedging, asset selection

The NPR also proposes adjustments to risk weights within the Standardized Approach (SA) framework applicable to Regions

Regions expects the proposed SA changes to reduce risk-weighted assets by approximately 10% which would increase capital levels shown below by approximately 100 basis points once fully implemented

10.8% 10.9%

Common Equity Tier 1

10.9%

10.7%

9.3%

9.7%

9.6%

Operating Range | 9.25% - 9.75%

9.4%

2Q25 3Q25 4Q25 1Q26

Operating Range

(1) Current quarter ratio is estimated. (2) Non-GAAP; see appendix for reconciliation. (3) See appendix for further information on the forward-looking guidance provided by the Company with respect to this non- 11

up 2.5 - 4%(3)

Net Interest Income

(vs. 2025 of $4,991)

FY 2026 Expectations

‌2026 Expectations

Adjusted Non-Interest Income

(vs. adjusted 2025 total of $2,585)(1)

up 3 - 5%(2)

Adjusted Non-Interest Expense

(vs. adjusted 2025 total of $4,331)(1)

up 1.5 - 3.5%(2)

(Inclusive of investments)

Average Loans

(vs. 2025 of $96,124)

up low single digits

Average Deposits

(vs. 2025 of $129,146)

up low single digits

Net Charge-Offs / Average Loans 40 - 50 bps

Effective Tax Rate 20.5 - 21.5%

Expectations for 2Q26 & FY26

2Q26 NII to increase ~2% vs 1Q26(3)

2Q26 NIM in the mid to high 3.60%s, exiting the year in the low 3.70%s(3)

Expect Capital Markets quarterly revenue to continue increasing within the $90 - $105M range, trending toward the lower end in 2Q26, with momentum building thereafter

Expect to generate FY adj. positive operating leverage in 2026(2)

In the near term, expect to manage CET1 (inclusive of AOCI), around the mid-point of our 9.25 - 9.75% operating range(2)

(1) Non-GAAP, see appendix for reconciliation of historical amounts. (2) See appendix for further information on the forward-looking guidance provided by the Company with respect to this non-GAAP measure.

(3) Current expectations assume a mostly stable yield curve: range bound long-term rates (10-year 4-4.40%) and stable to modestly lower fed funds.

81%

74%

72%

17%

24%

27%

‌Growth in Digital

Customer Satisfaction

Mobile App

Average 4.9 out of 5 rating from iOS app store users

New Native Mobile App launched. Early customer feedback is strong, and usage of key functionality like Zelle and chat at all time highs, with customer chat volume up 64% YoY

Online Banking(5)

#1 in Customer Satisfaction for Regional Bank Online Experiences for five of the past six years

Transactions

Consumer Checking Account Acquisitions by Channel(4)

Digital Branch Contact Center

1Q24

1Q25

1Q26

Zelle Transactions (Millions)

+42%

4.35

5.03

6.19

1Q24

1Q25

1Q26

Deposit Transactions by Channel

Mobile ATM

Branch

24%

1Q24

25% 24%

1Q25 1Q26

33%

43%

31%

44%

31%

45%

Digital Usage

Mobile Banking Active Users (Millions)(1)

+4%

2.61

2.69

2.70

1Q24

1Q25

1Q26

Mobile Banking Log-Ins (Millions)

+15%

183

194

211

1Q24

1Q25

1Q26

Customer Transactions(2)(3)

Non-Digital

24%

22%

20%

Digital

76%

78%

80%

1Q24

1Q25

1Q26

(1) Total number of unique customers who have successfully authenticated and logged into the mobile app at least once within the last 90 days. (2) Digital transactions represent online and mobile only; Non-digital transactions represent branches, contact centers and ATMs. (3) Transactions represent Consumer customer deposits, transfers, mobile deposits, fee refunds, withdrawals, payments, official checks, bill payments, and Western Union. Excludes ACH and Debit Card purchases/refunds.

(4) Additional security controls in digital channels placed in 4Q23. Active efforts to drive quality digital acquisitions are in-progress resulting in performance improvement 2025 vs 2024. (5) Regions Bank received the highest score among regional

banks ($65B to $250B in deposits) in the J.D. Power 2020-2022, and 2024-2025 U.S. Online Banking Satisfaction Studies which measures customer satisfaction with financial institutions' online experience for banking account management. Visit 14

jdpower.com/awards for more details.

‌Investments in Our Businesses

Investments in talent, technology and strategic acquisitions continue to pay off

Corporate

1Q26 average Loan balances up 1.5% YoY; commitments up 5.2% YoY, reflecting momentum in our local, expertise-driven relationship model

TM achieved record quarterly revenue, up 6% QoQ; customer penetration up to 65.8%

Strong client relationships supporting liquidity growth, with total client liquidity up 1% vs Dec '25 and up 7% vs Mar '25

Capital Markets Income ex. CVA up 4% QoQ driven by growth in Syndications, Securities Underwriting, and Swap Income as client relationships continue to strengthen

Ongoing investment in experienced,

revenue-producing talent to support growth, with 65 client-facing roles hired since beginning of 2025

Earned 24 Coalition Greenwich Awards for 2026, ranking 4th nationally, including Best Bank - Values Long-Term Relationships and Best Bank -Advisory Capabilities of RMs in U.S. Small Business and Middle Market Banking

Launched generative AI copilot within RCLIQ, building on existing AI-powered insights that have influenced over 35% of new business(1)

Consumer

Maintained competitive deposit rates driving balance growth of 1.1% YoY while preserving our industry leading deposit costs of 84bps

Launched ARC (Automated Refinance Calculator) which analyzes +100 million mortgage repricing scenarios to generate customer solutions in under 5 minutes

33% increase in Mortgage production driven by improved market conditions and incremental campaigns to support launch of ARC tool.

Launched direct deposit switcher providing a seamless, paperless, secure, real-time option for direct deposit enrollment; ~7k successful switches since deployment

Enhanced fraud detection through new biometrics tool to protect against cyber criminals and expanded deployment of a caller monitoring system in the IVR

Launched new partnership with global leader in merchant services processing to bring customers top-tier payments and business solutions; small business referrals up 6% YoY

Enhanced the Mobile App customer experience for rewards and offers as well as Zelle for small business; Mobile Banking Log-ins up 9% YoY and small business Zelle usage up 62% YoY

Wealth

NIR up 8% YoY, from continued strength in Investment Management & Trust Fees, up 7% YoY, and Investment Services Fee Income, up 14% YoY

1Q26 average Loan balances up 3% YoY

1Q26 average Deposits balances up 2% YoY

Launched Crypto ETF Investment Options enhancing our competitiveness and meeting client demand

Formed a new research partnership with a leading provider of industry insights to remain aligned with emerging trends

Named a finalist for Best Regional Private Bank by the Family Wealth Report Awards and recognized by the National Association Plan Advisors as a 2026 Top Defined Contributions Advisor Team (>$100MM AUA)

Showcased thought leadership by delivering

+190MM earned media impressions ($1.76MM advertising value equivalent)

(1) Represents Insights driven Projected Revenue Won/Closed as % of Opportunities Won/Closed since Sept 2024

‌Branch Network Strategy

Delivering a world-class branch experience through targeted growth

Leverage advanced geospatial analytics to prioritize high-growth micro-markets within the existing footprint, targeting areas with favorable population trends, density, and competitive gaps

Execute a disciplined approach of 135-150 new locations in footprint, balancing de novo builds, relocations, and optimization of underperforming sites to enhance network productivity - resulting in a similar size network

Prioritize investments in high-growth, priority markets, with impacts extending across the entire footprint, positioning Regions as the market leader among competitive market entrants

Modernize existing branch network, creating a welcoming, advice-oriented branch experience that customers expect from Regions as their hometown bank

Investing in High-Growth Priority Markets

135 to 150

Branch Builds

1,000 +

Renovations

‌Hedging Strategy Update

Mostly "neutral" rate risk position protects margin & decreases capital volatility

2032

2031

2030

2029

2028

2027

2026

4Q26

3Q26

2Q26

1Q26

(Quarterly Avg)

(Annual Avg)

Receive-Fixed, Cash Flow Swaps -Loans

Pay-Fixed, Fair Value Swaps - AFS Securities

Net Asset Swap Position(1) Cash Flow Collars - Loans(2)

as of 3/31/2026

Receive-Fixed, Cash Flow Swaps - Loans $22.8B $23.9B $24.8B $24.8B Pay-Fixed, Fair Value Swaps - AFS Securities $4.4B $4.2B $4.3B $4.3B Net Asset Swap Position(1) $18.4B $19.7B $20.5B $20.5B

Cash Flow Swap Receive Rate(3) 3.07% 3.15% 3.17%

1Q26 Asset Hedging Activity

Cash Flow Hedging

Focused on reducing NIM volatility

Fair Value Hedging

Focused on reducing AOCI volatility

AFS Fair Value Swap Pay Rate(3) 3.58% 3.58% 3.58% Cash Flow Collars - Loans(2) $2.0B $2.0B $2.0B $2.0B

$24.1B $24.4B $22.4B $18.5B $17.8B $11.3B $4.5B

$4.3B $4.3B $4.3B $4.3B $4.9B $5.0B $3.4B

$19.8B $20.1B $18.1B $14.2B $12.9B $6.3B $1.1B

3.11% 3.21% 3.38% 3.54% 3.55% 3.58% 3.65%

3.58% 3.58% 3.58% 3.60% 3.63% 3.64% 3.72%

$2.0B $2.0B $1.0B $0.0B $0.0B $0.0B $0.0B

Short-term rate protection in future periods • Added $1B in forward-starting (2029), 3Y receive-fixed swaps (3.6%)

Medium and long-term rate sensitivity hedges (fixed asset turnover)

Added $1.25B in forward-starting (Sep-26), 5Y receive-fixed swaps

(3.5%)

ated $1.5B in fixed asset turnover swaps hedging 1Q26

Termin

Securities fair value hedges

(with offsetting NIM sensitivity transaction)

Added $0.9B in forward-starting (2030), 4Y avg receive-fixed swaps (3.8%) with avg maturity in 2034 to offset interest rate risk associated with fair value AOCI hedges

Added $0.9B in forward-starting (2030), 4Y avg pay-fixed swaps (3.8%) with avg maturity in 2034

Tactical increase in near-term protection given fewer/no Fed Funds cuts priced for 2026

Added $0.3B in spot-starting receive-fixed swaps (3.6%) maturing Dec-26

Terminated $0.3B in active pay-fixed swaps maturing Apr-28

Net Asset Swap Position equals Receive-Fixed Cash Flow Swaps - Loans minus Pay-Fixed Fair Value Swaps - AFS Securities. (2) Collars use short interest rate caps to pay for long interest rate 17

‌Securities Portfolio

Provides downside rate protection/liquidity

Portfolio constructed to protect against changes in market rates

Duration of ~3.9 years (AFS ~3.5 years) as of 3/31/2026; provides offset to long-

Securities Portfolio Composition(1)

duration deposit book

28% of securities in the portfolio are bullet-like (CMBS, corporate bonds, agency bullets, and USTs)

MBS mix concentrated in less sensitive prepayment collateral types: lower loan

Agency CMBS 20%

Corp Bonds 1%

Agency/UST 9%

HTM, 17%

balances, seasoning, and state-specific geographic concentrations

98% US Government or Agency guaranteed

~$460M high quality, investment grade corporate bond portfolio is short-dated (<2.5 year duration) and well diversified across sectors and issuers

The Agency CMBS portfolio is guaranteed by government agencies and is collateralized by mortgage loans on multifamily properties

$32.9B

Agency MBS 69%

$32.9B

AFS, 83%

83% classified as Available-for-Sale; 17% Held-to-Maturity

Reinvestment of paydowns/maturities accretive to portfolio yield by ~1.3%

1Q26 Activity

$1,500

AOCI Loss ($M)

$1,250

Securities AOCI Burn Down and Impact to CET1(2)

$1,172

0.43%

Subsequent to quarter end sold ~$900M short-duration Agency/Govt bullet-like securities at a $40M pre-tax loss, reinvesting into longer-duration Agency CMBS and MBS at 2.5% higher yields

Represents normal duration management, adding downside rate protection

$1,000

$750

$500

$250

631

541

$989

544

445

0.1

0.29%

$805

348

457

$622 370

252

Cumulative CET1 Impact

3/31/2026 YE 2026 YE 2027 YE 2028

(1) Includes AFS securities, the $725M unrealized AFS loss, and HTM securities as of 3/31/2026. (2) Estimated Tax-Adjusted AOCI, current portfolio, market forward interest rates, and Risk Weighted Assets as of 18

‌Continuous Improvement in Risk Management

Our commitment to strengthening credit risk disciplines and intentional portfolio shaping over the past decade-plus leaves us well positioned for sound, profitable growth

Strong Origination Disciplines Aligned with Comprehensive Risk Framework

☑

☑ Enhanced risk framework through expanded controls, policies and procedures

Invested in data, analytics and market benchmarks to provide early-warning indicators and dynamic industry outlooks

☑

Centralized credit products underwriting, servicing, and exposure management within specialized lending units and enhanced approval structure for higher-risk portfolios

☑ Advanced risk rating methodologies and stress testing capabilities

☑ Modified incentive plans and pricing frameworks to better promote risk-reward alignment

Case Studies in Regions' Portfolio De-Risking

Construction and Land

2010 2020 2025

22%

16%

13%

% of Real Estate Loans

20%

29%

39%

Investment Grade Equivalents

2010 2020 2025

Active Portfolio Management and Non-Core Business Exits

☑ Derisked Commercial Real Estate Portfolio diversifying into less cyclical sectors

☑

Focused growth in higher quality relationships and segments including investment grade utilities, REITs, asset securitizations, and subscription lines, as well as Consumer Home Improvement Financing

☑ Actively reduced percent of portfolio comprised of leveraged loans and other higher risk segments

☑ Exited, reduced, or realigned portfolios (Oil Field Services, SoFi, GreenSky, Indirect Auto lending)

☑ Exited non-core businesses including Regions Insurance and Morgan Keegan

☑ Enhanced interest rate risk management through proactive hedging strategies

% of Business Loans

Oilfield Services

2010 2020 2025

36%

17%

16%

% of Energy Loans

‌Historical Credit Profile

Average Pre-Pandemic 0.46%

Average Pandemic 0.35%

0.54%

2.00%

Total Net Charge-Offs

1.50%

1.00%

0.50%

1Q26

1Q13

1Q20

4Q22

2.50%

2.00%

1.50%

1.00%

0.50%

1Q13

Average Pre-Pandemic 1.07%

Non-Performing Loans

Average Pandemic 0.64%

0.71%

1Q20

4Q22

1Q26

Net charge-offs remained elevated primarily due to the previously identified portfolios of interest

‌Historical Credit Profile

Average Pre-Pandemic 0.27%

1.00%

Average Pandemic 0.25%

Commercial Net Charge-Offs(1)

0.50%

1Q26

1Q13

1Q20

4Q22

3.50%

3.00%

2.50%

2.00%

1.50%

1.00%

0.50%

1Q13

1Q20

4Q22

1Q26

Consumer Net Charge-Offs(2)

Average Pre-Pandemic 0.78%

Average Pandemic 0.53%

0.63%

(1) Includes C&I, CRE - OO and IRE. (2) The spike in Consumer net charge-offs in late 2013 was associated with the move of ~$700M primarily accruing troubled debt restructured residential first mortgage loans to held

for sale resulting in ~$150M of charge-offs. The spikes in 3Q22 and 4Q23 were associated with the fair value marks taken on the sales of ~$1.2B and ~$300M consumer unsecured loan portfolios resulting in $63M and 21

$35M of incremental charge-offs, respectively.

‌Commercial Real Estate

(Outstanding balances as of March 31, 2026)

Highly Diversified Portfolio

(IRE including Unsecured CRE)

REITs within Total:

Key Portfolio Metrics

Unsecured loans for RE purposes generally have low leverage, with strong access to liquidity

59% of REIT outstanding balances are investment grade, which provides loss insulation to the overall portfolio

Balance of remaining unsecured is primarily to institutional RE Funds backed by predominantly IG sponsors

Total IRE (incl unsec. CRE) to Risk Based Capital(2): 106% and Construction, Land, and Acq. & Dev. to Risk Based Capital: 17% are well below supervisory limits (300%/100%)

Data Center

Res. Homebuilders

Other

Hotel

Office 11% Diversified

7.4%

4.3%

4.5%

Healthcare 7.5%

Residential Land 0.5%

Retail 18%

$5.2B

23%

Apartments 5%

Apartments 30.1%

$16.4B

Retail 7.9%

Office 5.5%

Data Center 3.5%

$3,000

Yearly Loan Maturities

Self Storage 5% Healthcare

3% Other

$ in billions

% of Total Loans

Unsecured CRE

Industrial 16%

Hotel 12%

Medical Office Building 3.2%

Self Storage 1.6%

Commercial Land 0.3%

Industrial 10.6%

Diversified 13.1%

$2,000

$1,000

23%

32%

25%

10%

Matured 2026 2027 2028 2029 2030 >5years

Multi-Family

(incl. REITs) $ 6.8 7.0 %

IRE 9.6 9.8 %

Total(1) $ 16.4 16.8 %

(1) Excludes $5.3B of Owner-occupied CRE whose source of repayment are individual businesses, and whose credit performance resembles Commercial during periods of stress. (2) Based off 12/31/2025 Risk Based Capital estimate. Supervisory limits in the December 2006 joint regulatory issuance "Guidance on Concentrations in Commercial Real Estate Lending, Sound Risk Management Practices".

‌CRE- Office Portfolio

(Outstanding balances as of March 31, 2026)

Investor Real Estate Office Portfolio Overview

15%

85%

54%

46%

18%

82%

Key Portfolio Metrics(1)

Balances

$907

% of Total Loans

0.9%

NPL

$98

NPL / Loans

10.8%

Charge-offs

Charge-offs / Loans

0.2%

ACL

$44

ACL / Loans

4.8%

ACL Rates

Single Tenant

Multi Tenant

Miscellaneous(4)

3.7%

8.9%

2.0%

Ongoing Portfolio Surveillance

Business Offices secured = 97% / unsecured = 3%

IRE WA LTV 64% (based on appraisal at origination or most recent received); Stressed IRE WA LTV 88% using GreenStreet(2)

61% of secured outstanding IRE balances are located in the South of which 87% is Class A

Investment Grade tenants make up 77% of Single Tenant IRE balances

$508M or approximately 56% of total Office balances will mature in the next 12 months(3)

While the Office segment remains stressed; well located, highly amenitized properties are observing improvements to property fundamentals

$ in Millions. Amounts include IRE and CRE Unsecured loans but exclude Held For Sale loans. Metrics represent 3/31/2026 results except for charge-offs, which reflects results for the 3 months ended March 31, 2026, annualized, based on average balances. NPL & ACL percentages are based on Portfolio totals. (2) Stressed LTV based on GreenStreet's Commercial Property Price Index as of April 7, 2026; applied the "Recent Peak"

discount to properties where the latest appraisal is >1 year (35% discount); applied the "Past 12 Months" discount to properties where an appraisal occurred within the last year (0% discount). (3) Includes matured 23

balances. (4) Comprised of REITs and business banking borrowers.

‌Transportation - Trucking

(Outstanding balances as of March 31, 2026)

Ongoing Portfolio Surveillance

Key Portfolio Metrics(1)

Balances

$1,141

% of Total Loans

1.2%

NPL

$51

NPL / Loans

4.5%

Charge-offs

$22

Charge-offs / Loans

7.9%

ACL

$93

ACL / Loans

8.2%

While the year began with stable freight volumes and a constructive pricing environment, suggesting the multi-year freight recession may be coming to an end, the conflict in the Middle East has created uncertainty related to operating costs, supply chain disruptions and supply/demand dynamics

Contract freight with a fuel surcharge clause is a fundamentally better business than the current spot market

Diesel fuel has recently spiked by over $2 per gallon; higher diesel prices may compress operating margins, particularly if they remain elevated

long term

Carrier exits and heightened regulatory enforcement have drawn down truck capacity; if the industry experiences a sustainable uptick in demand, carrier exits and tighter capacity could benefit freight rates

New originations in the sector have been curtailed and those that are being considered are either secured or targeted towards larger

companies

‌Consumer Lending Portfolio

Consumer FICO Scores(1)

•

13%

55%

17%

81%

Avg. origination FICO 761

Current LTV 39%

56% of portfolio is 1st lien

Avg. loan size $35,680

$138M to convert to amortizing or balloon during 2026

1Q26 QTD NCO (0.01%)

Home Equity

Avg. origination FICO 773

Avg. new line $9,398

1Q26 Yield 14.00%

1Q26 QTD NCO 4.17%

Consumer Credit Card

75%

Avg. origination FICO 781

Avg. new loan $12,611

1Q26 Yield 7.84%

1Q26 QTD NCO 1.82%

Home Improvement Financing(2)

Avg. origination FICO 757

Current LTV 53%

99% owner occupied

1Q26 QTD NCO -%

Residential Mortgage

Cons R/E secured Cons non-R/E

secured

Total consumer

Not Available Above 720

681-720

620-680

Below 620

‌NDFI & Private Credit - Stable Composition and Solid Credit Quality

Diversified, investment-grade portfolios aligned with Regions' core markets and industries

NDFI QoQ Balance Changes ($MM)

4Q 2025

$11,912

Reclassifications(3)

$522

New Loans(4)

$312

Net Drawdowns/Payments

$85

1Q 2026

$12,831

Consumer Credit & Mortgage Intermediaries (6%)

Private Equity Subscription Lines (13%)

Other (43%)

Unsecured Equity REITs

Insurance Companies

Equipment Leasing

Supply Chain Finance

$1,657

$5,520

$729

3/31/2026(1)

$12.8B

13.1% of Total Loans

~70% Investment Grade

$3,081

$1,844

Specialty Finance Companies (24%)

Business Credit

Intermediaries (38%)

Asset Secured,

Recourse Business Credit

Loans to Private Credit(2) (14%)

Structural protections in place, such as advance rate and borrowing base analysis, covenants, and frequent reporting requirements

~80% Investment Grade

Non-Depository Financial Institutions (NDFI) $ in Millions is an estimate and based on Call Report Schedule RC-C definition. (2) Defined as Regions' Indirect Leverage Lending, Non-Recourse ABL/Factoring, and

Asset-Backed Finance to Funds or Business Development Companies managed by Large Asset Managers. (3) Reclassifications primarily reflect loans previously reported as C&I on the Call Report. (4) 95% of new loans 26

QoQ Highlights

1Q allowance decreased $39M compared to the prior quarter, resulting in a $91M provision expense. The decrease in the ACL and an increase in loan balances resulted in a reduction in the ACL % from 1.76% to 1.68%

The change in ACL resulted from:

Economic/Qualitative net increase driven primarily by uncertainty as a result of the conflict in the Middle East

Portfolio net decrease driven primarily by improvement in overall credit quality

Decreases in Specific Reserve borrowers driven by charge-offs

‌Allowance for Credit Losses

($ in millions)

$1,686 $17

$1,647

$(31)

$(25)

12/31/2025

Economic/ Qualitative Changes

Portfolio Changes

Specific Reserve Changes

03/31/2026

‌Base R&S Economic Outlook

(As of March 2026)

Pre-R&S period

1Q2026

2Q2026

3Q2026

4Q2026

1Q2027

2Q2027

3Q2027

4Q2027

1Q2028

Real GDP, annualized % change

2.8 %

1.9 %

2.1 %

2.6 %

2.3 %

2.1 %

2.0 %

2.1 %

Unemployment rate

4.4 %

4.3 %

4.2 %

4.1 %

HPI, year-over-year % change

0.5 %

0.0 %

(0.1)%

0.6 %

1.6 %

2.1 %

2.3 %

CPI, year-over-year % change

2.8 %

4.0 %

3.4 %

3.2 %

2.8 %

1.8 %

2.1 %

2.2 %

A single, base economic forecast represents Regions' internal outlook for the economy as of 1Q26 over the reasonable & supportable forecast period

Management considered alternative internal and external forecasts to establish appropriate qualitative adjustments

Final qualitative adjustments included consideration of the allowance's sensitivity to economic uncertainties that reflected a 15-20% increase in the unemployment rate

‌Allowance Allocation

Regions "Day 1" CECL ACL ratio on 1/1/2020 was 1.71%. The company has executed a number of de-risking strategies that have improved the overall loan portfolio. Taking the 1Q26 loan portfolio and applying the "Day 1" ACL rates would produce a proforma Day 1 ACL ratio of 1.62%.

(in millions)

Loan Balance

As of 3/31/2026

ACL

ACL/Loans

Actual

Day 1 Ratios

Proforma

C&I

$48,077 $607

1.26 %

CRE-OO mortgage

5,004 107

2.15 %

CRE-OO construction

261 6

2.32 %

Total commercial

$53,342 $720

1.35 %

1.33 %

1.32 %

IRE mortgage

7,706 96

1.24 %

IRE construction

1,938 26

1.36 %

Total IRE

$9,644 $122

1.27 %

1.06 %

Residential first mortgage

19,621 115

0.59 %

Home equity lines

3,210 101

3.16 %

Home equity loans

2,287 29

1.28 %

Consumer credit card

1,472 126

8.55 %

Other consumer

832 51

6.14 %

Total consumer

$27,422 $422

1.54 %

1.73 %

1.44 %

Sold/Acquired Portfolios(1)

$7,518 $383

5.08 %

5.92 %

5.08 %

Total

$97,926 $1,647

1.68 %

1.71 %

1.62 %

‌Non-GAAP Information

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). Common equity Tier 1 ratio (inclusive of AOCI) (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

Note on Forward-Looking Guidance

The Company has also provided forward-looking guidance with respect to certain of the non-GAAP measures, which excludes from the corresponding GAAP financial measures the effect of certain adjustments. The Company has not provided a reconciliation of such non-GAAP guidance to guidance presented on a GAAP basis because it cannot predict and quantify without unreasonable effort all of the adjustments that may occur during the period due to the difficulty of presenting the timing and amounts of various items within a reasonable range.

‌Non-GAAP Reconciliation

Tangible Common Ratios

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)

$ 18,779

$ 19,043

$ 19,049

$ 18,666

$ 18,530

Less: Preferred stock (GAAP)

1,369

1,715

Common shareholders' equity (GAAP)

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)

$ 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

854

868

885

894

899

Total equity to total assets (GAAP)

A/D

11.68 %

11.99 %

11.91 %

11.72 %

11.59 %

Tangible common shareholders' equity to tangible assets (non-GAAP)

C/E

7.54 %

7.80 %

7.74 %

7.52 %

7.17 %

Common book value per share (GAAP)

B/F

$ 20.39

$ 20.36

$ 19.98

$ 19.35

$ 18.70

Tangible common book value per share (non-GAAP)

C/F

$ 13.69

$ 13.75

$ 13.49

$ 12.91

$ 12.29

‌Non-GAAP Reconciliation

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

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)

(100.0)%

FDIC insurance special assessment

(14)

(3)

(1)

100.0 %

(1)

(100.0)%

Salaries and employee benefits-severance charges

(1)

(100.0)%

Branch consolidation, property and equipment charges

(5)

Professional, legal and regulatory expenses

(2)

(100.0)%

Preferred stock redemption expense

Total adjustments

(14)

$ 14

100.0 %

$ (29)

(100.0)%

Tax impact of adjusted items

(4)

(7)

(4)

(100.0)%

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)

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)

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

0.5 %

950

5.2 %

Less: Average preferred stock (GAAP)

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

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)

A/D 12.35 %

11.58 %

12.56 %

12.72 %

11.49 %

Return on average tangible common shareholders' equity (non-GAAP)

A/E 18.26 %

17.17 %

18.81 %

19.34 %

17.72 %

Adjusted return on average tangible common shareholders' equity (non-GAAP)

B/E 18.26 %

16.84 %

19.24 %

19.48 %

18.58 %

‌Non-GAAP Reconciliation

Pre-Tax Pre-Provision Income (PPI)

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)

- %

(5)

(20.0)%

Income tax expense (GAAP)

155

174

139

143

131

(19)

(10.9)%

18.3 %

Income before income taxes (GAAP)

714

708

706

621

0.8 %

15.0 %

Provision for credit losses (GAAP)

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)%

8.1 %

Other adjustments:

Securities (gains) losses, net

(25)

(100.0)%

FDIC insurance special assessment

(14)

(3)

(1)

100.0 %

(1)

(100.0)%

Salaries and employee benefits-severance charges

(1)

(100.0)%

Branch consolidation, property and equipment charges

(5)

Professional, legal and regulatory expenses

(2)

(100.0)%

Total other adjustments

(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 %

‌Non-GAAP Reconciliation

NII, Non-Interest Income/Expense, and Efficiency Ratio

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)

$ 1,068

$ 1,098

$ 1,103

$ 1,073

$ 1,039

$ (30)

(2.7)%

$ 29

2.8 %

Adjustments:

FDIC insurance special assessment

(1)

(14)

(100.0)%

100.0 %

Branch consolidation, property and equipment charges

Salary and employee benefits-severance charges

(1)

100.0 %

Professional, legal and regulatory expenses

(2)

100.0 %

Adjusted non-interest expense (non-GAAP)

$ 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

- %

8.3 %

Net interest income, taxable-equivalent basis

D $ 1,261

$ 1,294

$ 1,269 $ 1,271 $ 1,206

$ (33)

(2.6)%

$ 55

4.6 %

Non-interest income (GAAP)

625

640

659

646

590

(15)

(2.3)%

5.9 %

Adjustments:

Securities (gains) losses, net

(25)

(100.0)%

Adjusted non-interest income (non-GAAP)

$ 625

$ 640

$ 684

$ 646

$ 615

(15)

(2.3)%

$ 10

1.6 %

Total revenue

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

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)

I-A

2.2 %

Adjusted operating leverage ratio (non-GAAP)

J-B

0.3 %

Efficiency ratio (GAAP)

A/I

56.6 %

56.8 %

57.2 %

56.0 %

57.9 %

Adjusted efficiency ratio (non-GAAP)

B/J

56.6 %

57.5 %

56.9 %

56.0 %

56.8 %

Fee income ratio (GAAP)

E/I

33.1 %

34.2 %

33.7 %

32.9 %

Adjusted fee income ratio (non-GAAP)

F/J

33.1 %

35.0 %

33.7 %

33.8 %

‌Non-GAAP Reconciliation

Non-Interest Expense

Twelve Months Ended December 31

($ amounts in millions)

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Non-interest expense (GAAP)

$ 4,313

$ 4,242

$ 4,416

$ 4,068

$ 3,747

$ 3,643

$ 3,489

$ 3,570

$ 3,491

$ 3,483

Adjustments:

FDIC insurance special assessment

(16)

(119)

Contribution to Regions Financial Corporation foundation

(3)

(10)

(60)

(40)

Professional, legal and regulatory expenses

(2)

(3)

(1)

(179)

(15)

(7)

(3)

Branch consolidation, property and equipment charges

(3)

(7)

(3)

(5)

(31)

(25)

(11)

(22)

(58)

Expenses associated with residential mortgage loan sale

(4)

Early extinguishment of debt

(20)

(22)

(16)

(14)

Salary and employee benefits-severance charges

(2)

(30)

(31)

(6)

(31)

(5)

(61)

(10)

(21)

Acquisition expense

(1)

Other miscellaneous expenses

Adjusted non-interest expense (non-GAAP)

$ 4,331 $ 4,227 $ 4,262

$ 3,886 $ 3,698

$ 3,541 $ 3,443 $ 3,434

$ 3,419 $ 3,387

‌Non-GAAP Reconciliation

CET1- inclusive of AOCI(4)

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 gain (loss) on securities(2)

(1,172)

(1,076)

(1,241)

(1,485)

(1,645)

AOCI gain (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)

$ 11,860

$ 12,023

$ 11,983

$ 11,647

$ 11,304

Total risk-weighted assets(1)

$ 125,860

$ 123,882

$ 125,386

$ 125,755

$ 123,755

Common Equity Tier 1 ratio(1)(3)

A/C

10.7 %

10.9 %

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 %

Common equity Tier 1 as well as Total risk-weighted assets are estimated.

Represents AOCI on AFS and HTM securities

Amounts calculated based upon whole dollar values

Consistent with the proposed Basel III Endgame rules, AOCI for CF hedges remains excluded. 36

‌Forward-Looking Statements

Forward-Looking Statements

This presentation, 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:

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.

‌Forward-Looking Statements

(continued)

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.

Regions' Investor Relations contact is Dana Nolan at (205) 264-7040; Regions' Media contact is Jeremy King at (205) 264-4551.

‌REGIONS

Disclaimer

Regions Financial Corporation published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 17, 2026 at 10:03 UTC.