Regions Financial : 4Q22 Earnings Supplement -

Exhibit 99.2

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited)

Fourth Quarter 2022

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to Fourth Quarter 2022 Earnings Release

Table of Contents

	Page
Financial Highlights	1
Selected Ratios and Other Information*	2
Consolidated Balance Sheets	3
Loans	4
Deposits	6
Consolidated Statements of Income	8
Consolidated Average Daily Balances and Yield / Rate Analysis	10
Pre-TaxPre-Provision Income ("PPI")* and Adjusted PPI*	13
Non-Interest Income, Mortgage Income, Wealth Management Income and Capital Markets Income	14
Non-Interest Expense	16
Reconciliation of GAAP Financial Measures to non-GAAP Financial Measures*
Adjusted Efficiency Ratios, Adjusted Fee Income Ratios, Adjusted Non-Interest Income / Expense, Adjusted Operating Leverage	17
Ratios, Return Ratios, and Tangible Common Ratios
Credit Quality
Allowance for Credit Losses, Net Charge-Offs and Related Ratios, Adjusted Net Charge-Offs and Related Ratios	21
Non-Accrual Loans (excludes loans held for sale), Early and Late Stage Delinquencies	23
Forward-Looking Statements	24

*Use of non-GAAP financial measures

Regions believes that presentation of non-GAAP financial measures provides a meaningful basis for period to period comparisons, which management believes will assist investors in assessing 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 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 certain adjustments does not represent the amount that effectively accrues directly to shareholders. Additionally, our non-GAAP financial measures may not be comparable to similar non-GAAP financial measures used by other companies.

Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to Fourth Quarter 2022 Earnings Release

Financial Highlights

						Quarter Ended
($ amounts in millions, except per share data)	12/31/2022	9/30/2022	6/30/2022			3/31/2022	12/31/2021
Earnings Summary
Interest income - taxable equivalent	$	1,565	$	1,355	$	1,166			$	1,063	$	1,066
Interest expense - taxable equivalent		151			81				47				37			37
Net interest income - taxable equivalent		1,414			1,274				1,119				1,026			1,029
Less: Taxable-equivalent adjustment		13			12				11				11			10
Net interest income		1,401			1,262				1,108				1,015			1,019
Provision for (benefit from) credit losses		112			135				60				(36)			110
Net interest income after provision for (benefit from) credit losses		1,289			1,127				1,048				1,051			909
Non-interest income		600			605				640				584			615
Non-interest expense		1,017			1,170				948				933			983
Income before income taxes		872			562				740				702			541
Income tax expense		187			133				157				154			103
Net income	$	685		$	429			$	583			$	548		$	438
Net income available to common shareholders
$	660		$	404			$	558			$	524		$	414
Weighted-average shares outstanding-during quarter:
Basic		934			934				934				938			949
Diluted		941			940				940				947			958
Earnings per common share - basic	$	0.71	$	0.43	$	0.60			$	0.56	$	0.44
Earnings per common share - diluted	$	0.70	$	0.43	$	0.59			$	0.55	$	0.43
Balance Sheet Summary
At quarter-end
Loans, net of unearned income	$	97,009	$	94,711	$	93,458			$	89,335	$	87,784
Allowance for credit losses		(1,582)			(1,539)				(1,514)				(1,492)			(1,574)
Assets		155,220			157,798				160,908				164,082			162,938
Deposits		131,743			135,378				138,263				141,022			139,072
Long-term borrowings		2,284			2,274				2,319				2,343			2,407
Shareholders' equity		15,947			15,173				16,507				16,982			18,326
Average balances
Loans, net of unearned income	$	95,752	$	94,684	$	90,764			$	87,814	$	86,548
Assets		155,668			158,422				161,826				161,728			160,051
Deposits		133,007			135,518				139,592				138,734			136,682
Long-term borrowings		2,275			2,319				2,328				2,390			2,433
Shareholders' equity		15,442			16,473				16,404				17,717			18,308

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Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to Fourth Quarter 2022 Earnings Release

Selected Ratios and Other Information

					As of and for Quarter Ended
	12/31/2022	9/30/2022	6/30/2022	3/31/2022	12/31/2021
Return on average assets* (1)		1.75 %			1.07 %			1.44 %			1.38 %			1.09 %
Return on average common shareholders' equity*		19.01 %			10.82 %			15.18 %			13.23 %			9.86 %
Return on average tangible common shareholders' equity (non-GAAP)*(2)		33.20 %			18.02 %			25.40 %			21.00 %			15.07 %
Return on average tangible common shareholders' equity excluding AOCI (non-GAAP)*(2)		22.91 %			14.42 %			20.85 %			20.25 %			15.56 %
Efficiency ratio		50.5 %			62.3 %			53.9 %			57.9 %			59.8 %
Adjusted efficiency ratio (non-GAAP)(2)		51.6 %			52.6 %			54.2 %			57.9 %			58.8 %
Dividend payout ratio (3)		28.3 %			46.2 %			28.5 %			30.3 %			38.8 %
Common book value per share	$	15.29	$	14.46	$	15.89	$	16.42	$	17.69
Tangible common book value per share (non-GAAP)(2)	$	9.00	$	8.15	$	9.55	$	10.06	$	11.38
Total equity to total assets		10.27 %			9.62 %			10.26 %			10.35 %			11.25 %
Tangible common shareholders' equity to tangible assets (non-GAAP)(2)		5.63 %			5.01 %			5.76 %			5.93 %			6.83 %
Common equity (4)	$	12,066	$	11,554	$	11,298	$	10,912	$	10,844
Total risk-weighted assets (4)	$	125,702	$	124,395	$	122,154	$	116,182	$	113,343
Common equity Tier 1 ratio (4)		9.6 %			9.3 %			9.2 %			9.4 %			9.6 %
Tier 1 capital ratio (4)		10.9 %			10.6 %			10.6 %			10.8 %			11.0 %
Total risk-based capital ratio (4)		12.5 %			12.3 %			12.3 %			12.5 %			12.7 %
Leverage ratio (4)		8.9 %			8.5 %			8.2 %			8.0 %			8.1 %
Effective tax rate		21.5 %			23.7 %			21.2 %			21.9 %			18.9 %
Allowance for credit losses as a percentage of loans, net of unearned income		1.63 %			1.63 %			1.62 %			1.67 %			1.79 %
Allowance for credit losses to non-performing loans, excluding loans held for sale		317 %			311 %			410 %			446 %			349 %
Net interest margin (FTE)*		3.99 %			3.53 %			3.06 %			2.85 %			2.83 %
Loans, net of unearned income, to total deposits		73.6 %			70.0 %			67.6 %			63.3 %			63.1 %
Net charge-offs as a percentage of average loans*		0.29 %			0.46 %			0.17 %			0.21 %			0.20 %
Adjusted net charge-offs as a percentage of average loans (non-GAAP) * (2)		0.29 %			0.19 %			0.17 %			0.21 %			0.20 %
Non-performing loans, excluding loans held for sale, as a percentage of loans		0.52 %			0.52 %			0.39 %			0.37 %			0.51 %
Non-performing assets (excluding loans 90 days past due) as a percentage of loans, foreclosed properties, and		0.53 %			0.54 %			0.41 %			0.39 %			0.54 %
non-performing loans held for sale
Non-performing assets (including loans 90 days past due) as a percentage of loans, foreclosed properties, and		0.75 %			0.65 %			0.52 %			0.53 %			0.70 %
non-performing loans held for sale (5)
Associate headcount-full-time equivalent (6)		20,073			19,950			19,673			19,723			19,626
ATMs		2,039			2,043			2,048			2,054			2,068
Branch Statistics
Full service		1,252			1,259			1,259			1,259			1,268
Drive-through/transaction service only		34			35			35			35			34
Total branch outlets		1,286			1,294			1,294			1,294			1,302
									Year Ended December 31
								2022				2021
Return on average assets (1)										1.41 %					1.63 %
Return on average common shareholders' equity										14.46 %					14.51 %
Return on average tangible common shareholders' equity (non-GAAP)(2)										24.05 %					21.42 %
Return on average tangible common shareholders' equity excluding AOCI (non-GAAP)(2)										19.61 %					22.85 %
Efficiency ratio										56.0 %					57.8 %
Adjusted efficiency ratio (non-GAAP)(2)										53.9 %					57.3 %
Dividend payout ratio (3)										32.2 %					25.8 %
Effective tax rate										22.0 %					21.6 %
Net interest margin (FTE)										3.36 %					2.85 %
Net charge-offs as a percentage of average loans										0.29 %					0.24 %
Adjusted net charge-offs as a percentage of average loans (non-GAAP)(2)										0.22 %					0.24 %

*Annualized

1. Calculated by dividing net income by average assets.
2. See reconciliation of GAAP to non-GAAP Financial Measures that begin on pages 13, 17, 18, 19and 21.
3. Dividend payout ratio reflects dividends declared within the applicable period.
4. 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.
5. Excludes guaranteed residential first mortgages that are 90+ days past due and still accruing. Refer to the footnotes on page 23for amounts related to these loans.
6. Associate headcount for the fourth quarter of 2021 includes approximately 620 associates from acquisitions closed in the quarter.

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Regions Financial Corporation and Subsidiaries

Financial Supplement (unaudited) to Fourth Quarter 2022 Earnings Release

Consolidated Balance Sheets

								As of
($ amounts in millions)	12/31/2022			9/30/2022			6/30/2022			3/31/2022	12/31/2021
Assets:
Cash and due from banks	$	1,997	$	2,117	$	2,301	$	2,227	$	1,350
Interest-bearing deposits in other banks		9,230			13,549			18,199			25,718			28,061
Debt securities held to maturity		801			817			836			864			899
Debt securities available for sale		27,933			28,126			29,052			29,384			28,481
Loans held for sale		354			720			612			694			1,003
Loans, net of unearned income		97,009			94,711			93,458			89,335			87,784
Allowance for loan losses		(1,464)			(1,418)			(1,425)			(1,416)			(1,479)
Net loans		95,545			93,293			92,033			87,919			86,305
Other earning assets		1,308			1,341			1,428			1,504			1,187
Premises and equipment, net		1,718			1,744			1,768			1,794			1,814
Interest receivable		511			424			365			329			319
Goodwill		5,733			5,739			5,749			5,748			5,744
Residential mortgage servicing rights at fair value (MSRs)		812			809			770			542			418
Other identifiable intangible assets, net		249			266			279			292			305
Other assets		9,029			8,853			7,516			7,067			7,052
Total assets	$	155,220	$	157,798	$	160,908	$	164,082	$	162,938
Liabilities and Equity:
Deposits:
Non-interest-bearing	$	51,348	$	54,996	$	58,510	$	59,590	$	58,369
Interest-bearing		80,395			80,382			79,753			81,432			80,703
Total deposits		131,743			135,378			138,263			141,022			139,072
Borrowed funds:
Long-term borrowings		2,284			2,274			2,319			2,343			2,407
Other liabilities		5,242			4,973			3,819			3,735			3,133
Total liabilities		139,269			142,625			144,401			147,100			144,612
Equity:
Preferred stock, non-cumulative perpetual		1,659			1,659			1,659			1,659			1,659
Common stock		10			10			10			10			10
Additional paid-in capital		11,988			11,976			11,962			11,983			12,189
Retained earnings		7,004			6,531			6,314			5,915			5,550
Treasury stock, at cost		(1,371)			(1,371)			(1,371)			(1,371)			(1,371)
Accumulated other comprehensive income, net		(3,343)			(3,632)			(2,067)			(1,214)			289
Total shareholders' equity		15,947			15,173			16,507			16,982			18,326
Noncontrolling interest		4			-			-			-			-
Total equity		15,951			15,173			16,507			16,982			18,326
Total liabilities and equity	$	155,220	$	157,798	$	160,908	$	164,082	$	162,938

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