REGIONS FINANCIAL CORP (RF)

Regions Financial Corporation is a Delaware-incorporated financial holding company (FHC) headquartered in Birmingham, Alabama, conducting its banking operations primarily through Regions Bank, an Alabama state-chartered commercial bank and Federal Reserve member institution, with a footprint concentrated across the South, Midwest, and Texas, supplemented by specialty offices in New York, Washington D.C., Chicago, and other locations nationwide. As of December 31, 2023, the company reported total consolidated assets of approximately $152.2 billion, total consolidated deposits of approximately $127.8 billion, and total consolidated shareholders' equity of approximately $17.4 billion, operating 2,023 ATMs and 1,271 total branch outlets, with the largest branch concentrations in Florida (272), Tennessee (198), Alabama (186), Georgia (117), Mississippi (99), Texas (90), Louisiana (82), and Arkansas (57), among other states. Regions serves a wide range of clients through three core service areas: retail and mortgage banking services, commercial banking services, and wealth and investment services.

Beyond traditional banking, Regions and its subsidiaries provide a broad set of specialty financial capabilities, including merger and acquisition advisory services, capital markets solutions, home improvement lending, investment services, equipment financing for commercial and small business customers, low income housing tax credit corporate fund syndication and asset management, financing for CRA-qualified customers, investment and insurance products, and broker-dealer services for commercial clients. As an FHC subject to Category IV enhanced prudential standards under the Federal Reserve's Tailoring Rules, Regions operates within an extensive regulatory framework overseen by the Federal Reserve, the Alabama State Banking Department, the CFPB, the FDIC, the SEC, CFTC, FINRA, and the NYSE, covering areas such as capital adequacy (Basel III-based standards, stress capital buffer requirements, and CCAR capital planning), liquidity risk management, resolution planning, safety and soundness standards, and limitations on dividend payments, reflecting its role as a diversified regional bank holding company serving retail, commercial, and wealth management customers across its core markets.