Exhibit 99.2

Regions Financial Corporation and Subsidiaries

Financial Supplement

Second Quarter 2021

Regions Financial Corporation and Subsidiaries

Financial Supplement to Second Quarter 2021 Earnings Release

Table of Contents

Page

Financial Highlights

1

Selected Ratios and Other Information

2

Consolidated Statements of Operations

3

Consolidated Average Daily Balances and Yield / Rate Analysis

5

Pre-TaxPre-Provision Income ("PPI") and Adjusted PPI

7

Non-Interest Income, Mortgage Income, Wealth Management Income and Capital Markets Income

8

Non-Interest Expense

10

Reconciliation to GAAP Financial Measures

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

11

Ratios, and Return Ratios

Credit Quality

Allowance for Credit Losses, Net Charge-Offs and Related Ratios

14

Non-Accrual Loans (excludes loans held for sale), Early and Late Stage Delinquencies

16

Troubled Debt Restructurings

17

Consolidated Balance Sheets

18

Loans

19

Deposits

24

Reconciliation to GAAP Financial Measures

Tangible Common Ratios

26

Forward-Looking Statements

27

Regions Financial Corporation and Subsidiaries

Financial Supplement to Second Quarter 2021 Earnings Release

Financial Highlights

Quarter Ended

($ amounts in millions, except per share data)

6/30/2021

3/31/2021

12/31/2020

9/30/2020

6/30/2020

Earnings Summary

Interest income - taxable equivalent

$

1,018

$

1,024

$

1,072

$

1,071

$

1,076

Interest expense - taxable equivalent

43

46

55

71

91

Net interest income - taxable equivalent

975

978

1,017

1,000

985

Less: Taxable-equivalent adjustment

12

11

11

12

13

Net interest income

963

967

1,006

988

972

Provision for (benefit from) credit losses

(337)

(142)

(38)

113

882

Net interest income after provision for (benefit from) credit losses

1,300

1,109

1,044

875

90

Non-interest income

619

641

680

655

573

Non-interest expense

898

928

987

896

924

Income (loss) before income taxes

1,021

822

737

634

(261)

Income tax expense (benefit)

231

180

121

104

(47)

Net income (loss)

$

790

$

642

$

616

$

530

$

(214)

Net income (loss) available to common shareholders

$

748

$

614

$

588

$

501

$

(237)

Earnings (loss) per common share - basic

0.78

0.64

0.61

0.52

(0.25)

Earnings (loss) per common share - diluted

0.77

0.63

0.61

0.52

(0.25)

Balance Sheet Summary

At quarter-end

Loans, net of unearned income

$

84,074

$

84,755

$

85,266

$

88,359

$

90,548

Allowance for credit losses

(1,684)

(2,068)

(2,293)

(2,425)

(2,425)

Assets

155,610

153,331

147,389

145,180

144,070

Deposits

131,484

129,602

122,479

118,445

116,779

Long-term borrowings - Federal Home Loan Bank advances

-

-

-

-

401

Long-term borrowings - Other

2,870

2,916

3,569

4,919

6,007

Shareholders' equity

18,252

17,862

18,111

17,904

17,602

Average balances

Loans, net of unearned income

$

84,551

$

84,755

$

86,664

$

89,370

$

91,964

Assets

154,678

146,554

144,819

142,845

139,820

Deposits

131,132

122,937

119,767

116,656

110,921

Long-term borrowings - Federal Home Loan Bank advances

-

-

-

392

1,266

Long-term borrowings - Other

2,901

3,192

4,634

5,437

6,301

Shareholders' equity

18,000

18,038

17,915

17,759

17,384

1

Regions Financial Corporation and Subsidiaries

Financial Supplement to Second Quarter 2021 Earnings Release elected Ratios and Other Information

As of and for Quarter Ended

6/30/2021

3/31/2021

12/31/2020

9/30/2020

6/30/2020

Return on average assets* (1)

2.05 %

1.78 %

1.69 %

1.48 %

(0.61)%

Return on average common shareholders' equity*

18.35 %

15.20 %

14.37 %

12.38 %

(5.96)%

Return on average tangible common shareholders' equity (non-GAAP)*(2)

26.91 %

22.28 %

21.15 %

18.32 %

(8.90)%

Efficiency ratio

56.4 %

57.3 %

58.1 %

54.1 %

59.4 %

Adjusted efficiency ratio (non-GAAP)(2)

56.9 %

56.8 %

55.8 %

55.3 %

57.7 %

Common book value per share

$

17.38

$

16.87

$

17.13

$

16.92

$

16.61

Tangible common book value per share (non-GAAP)(2)

$

11.94

$

11.46

$

11.71

$

11.49

$

11.16

Tangible common shareholders' equity to tangible assets (non-GAAP)(2)

7.58 %

7.43 %

7.91 %

7.88 %

7.72 %

Common equity (3)

$

11,190

$

10,952

$

10,525

$

10,092

$

9,716

Total risk-weighted assets (3)

$

107,947

$

106,261

$

106,943

$

108,285

$

109,539

Common equity Tier 1 ratio (3)

10.4 %

10.3 %

9.8 %

9.3 %

8.9 %

Tier 1 capital ratio (3)

11.9 %

11.9 %

11.4 %

10.8 %

10.4 %

Total risk-based capital ratio (3)

13.9 %

14.0 %

13.6 %

13.0 %

12.6 %

Leverage ratio (3)

8.6 %

8.9 %

8.7 %

8.5 %

8.4 %

Effective tax rate

22.6 %

21.9 %

16.5 %

16.5 %

18.3 %

Allowance for credit losses as a percentage of loans, net of unearned income

2.00 %

2.44 %

2.69 %

2.74 %

2.68 %

Allowance for credit losses as a percentage of loans excluding PPP, net of unearned income (non-GAAP)(2)

2.07 %

2.57 %

2.81 %

2.90 %

2.82 %

Allowance for credit losses to non-performing loans, excluding loans held for sale

253 %

280 %

308 %

316 %

395 %

Net interest margin (FTE)*

2.81 %

3.02 %

3.13 %

3.13 %

3.19 %

Adjusted net interest margin (FTE) (non-GAAP)(2) *

3.31 %

3.40 %

3.40 %

3.41 %

3.36 %

Loans, net of unearned income, to total deposits

63.9 %

65.4 %

69.6 %

74.6 %

77.5 %

Net charge-offs as a percentage of average loans*

0.23 %

0.40 %

0.43 %

0.50 %

0.80 %

Non-accrual loans, excluding loans held for sale, as a percentage of loans

0.79 %

0.87 %

0.87 %

0.87 %

0.68 %

Non-performing assets (excluding loans 90 days past due) as a percentage of loans, foreclosed properties,

0.93 %

0.90 %

0.91 %

0.90 %

0.74 %

non-marketable investments and non-performing loans held for sale

Non-performing assets (including loans 90 days past due) as a percentage of loans, foreclosed properties, non-

1.09 %

1.09 %

1.10 %

1.08 %

0.91 %

marketable investments and non-performing loans held for sale (4)

Associate headcount-full-time equivalent (5)

18,814

18,926

19,406

19,766

20,073

ATMs

2,051

2,101

2,083

2,058

2,038

Branch Statistics

Full service

1,280

1,332

1,333

1,334

1,340

Drive-through/transaction service only

33

34

36

47

51

Total branch outlets

1,313

1,366

1,369

1,381

1,391

*Annualized

  1. Calculated by dividing net income by consolidated average assets.
  2. See reconciliation of GAAP to non-GAAP Financial Measures on pages 6, 7, 11, 12, 13, 15, 19, 21, 22, 23 and 26
  3. Current quarter Common equity as well as Total risk-weighted assets, 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 16 for amounts related to these loans.
  5. Associate headcount for the second quarter of 2020 includes 463 associates from the Ascentium acquisition.

2

Regions Financial Corporation and Subsidiaries

Financial Supplement to Second Quarter 2021 Earnings Release

Consolidated Statements of Operations (unaudited)

Quarter Ended

($ amounts in millions, except per share data)

6/30/2021

3/31/2021

12/31/2020

9/30/2020

6/30/2020

Interest income on:

Loans, including fees

$

849

$

854

$

906

$

903

$

898

Debt securities

131

133

136

140

148

Loans held for sale

12

12

9

8

6

Other earning assets

14

14

10

8

11

Total interest income

1,006

1,013

1,061

1,059

1,063

Interest expense on:

Deposits

17

19

24

32

40

Short-term borrowings

-

-

-

-

2

Long-term borrowings

26

27

31

39

49

Total interest expense

43

46

55

71

91

Net interest income

963

967

1,006

988

972

Provision for (benefit from) credit losses

(337)

(142)

(38)

113

882

Net interest income after provision for (benefit from) credit losses

1,300

1,109

1,044

875

90

Non-interest income:

Service charges on deposit accounts

163

157

160

152

131

Card and ATM fees

128

115

117

115

101

Wealth management income

96

91

89

85

79

Capital markets income

61

100

110

61

95

Mortgage income

53

90

75

108

82

Securities gains (losses), net

1

1

-

3

1

Other

117

87

129

131

84

Total non-interest income

619

641

680

655

573

Non-interest expense:

Salaries and employee benefits

532

546

581

525

527

Net occupancy expense

75

77

78

80

76

Equipment and software expense

89

90

90

89

86

Other

202

215

238

202

235

Total non-interest expense

898

928

987

896

924

Income (loss) before income taxes

1,021

822

737

634

(261)

Income tax expense (benefit)

231

180

121

104

(47)

Net income (loss)

$

790

$

642

$

616

$

530

$

(214)

Net income (loss) available to common shareholders

$

748

$

614

$

588

$

501

$

(237)

Weighted-average shares outstanding-during quarter:

Basic

958

961

960

960

960

Diluted

965

968

965

962

960

Actual shares outstanding-end of quarter

955

961

960

960

960

Earnings (loss) per common share: (1)

Basic

$

0.78

$

0.64

$

0.61

$

0.52

$

(0.25)

Diluted

$

0.77

$

0.63

$

0.61

$

0.52

$

(0.25)

Taxable-equivalent net interest income

$

975

$

978

$

1,017

$

1,000

$

985

________

  1. Quarterly amounts may not add to year-to-date amounts due to rounding.

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

Disclaimer

Regions Financial Corporation published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 10:07:31 UTC.