FINANCIAL SUPPLEMENT TO SECOND QUARTER 2008 EARNINGS RELEASE Summary Quarterly earnings of $0.30 per diluted share (GAAP); excluding $0.09 in after-tax merger charges, earnings were $0.39 (non-GAAP - see page 20 for additional details) • Second quarter earnings included several significant items: $67 million MSR reserve recapture; $13.4 million write-down of investments in two Morgan Keegan mutual funds; $14.9 million loss on mortgage servicing sale; $309 million loan loss provision--$100 million above net charge-offs; $20 million of other real estate owned expense Common stock dividend reduction enables capital strengthening • Quarterly common cash dividend reduced to $0.10 per share • Provides an approximate $1.2 billion boost to capital by year-end 2009 • Capital ratios to strengthen; proforma benefit of approximately 97 basis points in Tier 1 and Total Risk Based regulatory measures by end of 2009 Non-performing assets, net charge-offs rise • Total net charge-offs up 33 bps linked-quarter to annualized 86 bps of average loans, driven by the home equity and residential homebuilder portfolios • Non-performing assets increased to $1,620.8 million, or 1.65% of loans and OREO, primarlily reflecting weakness in residential homebuilder and condominium portfolios • Allowance for credit losses increased to 1.56% of loans at June 30, 2008 - 7 basis points above March 31, 2008 level Higher-than-expected home equity losses - especially in Florida • Total home equity write-offs increased to an annualized 1.94% of related loans vs. 0.57% in 1Q due primarily to declining home values • Florida-based second liens experiencing particular stress, fueled by borrowers who purchased properties as investments or second homes • Aggressively managing portfolio, including a dedicated Florida collection team • Completed portfolio re-valuation; using detailed property level information to assist in workouts • Strong “Customer Assistance Program” in place to mitigate future losses Residential homebuilder portfolio exposure declines; generally "as expected" charge-offs • Reduced portfolio $473 million linked quarter to $5.8 billion as of June 30, 2008 • Includes $1.8 billion of relationships being proactively managed by an experienced real estate team Fee-based revenue relatively steady linked quarter • Non-interest revenue, excluding securities transactions and first quarter's Visa gain, was little changed • Strong service charges and brokerage fees largely offset lower mortgage income and commercial credit fees • Morgan Keegan profit, excluding merger charges, increased to $38.2 million Spread revenue declines despite continued loan growth improvement • Average loan growth rose to annualized 6% in second quarter 2008 from first quarter 2008’s 4% pace, driven by C&I • Net interest margin dropped 17 bps linked quarter to 3.36%, pressured by a negative shift in deposit mix, flow through of recent yield curve movements and Federal Reserve rate cuts as well as higher non-performing asset levels • Implementing new strategies that emphasize low-cost deposit growth Better-than-projected cost saves; on pace to exceed upwardly revised $700 million cost save target • Operating expenses relatively flat linked quarter, excluding MSRs and 1Q Visa litigation reserve reversal and loss on early extinguishment of debt, with higher problem loan workout, professional and legal costs offsetting personnel-related efficiencies • Realized $165 million in second quarter merger cost saves, bringing run-rate to $660 million • Continuing to focus on lowering operating expenses in the current environment. In late June, eliminated approximately 600 positions not included in initial cost save estimates, following a similar reduction of 700 positions in March 2008
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FINANCIAL SUPPLEMENT TO SECOND QUARTER 2008 EARNINGS RELEASE
Summary
Quarterly earnings of $0.30 per diluted share (GAAP); excluding $0.09 in after-tax merger charges, earnings were$0.39 (non-GAAP - see page 20 for additional details)• Second quarter earnings included several significant items: $67 million MSR reserve recapture; $13.4 million
write-down of investments in two Morgan Keegan mutual funds; $14.9 million loss on mortgage servicing sale;$309 million loan loss provision--$100 million above net charge-offs; $20 million of other real estate owned expense
Common stock dividend reduction enables capital strengthening• Quarterly common cash dividend reduced to $0.10 per share• Provides an approximate $1.2 billion boost to capital by year-end 2009• Capital ratios to strengthen; proforma benefit of approximately 97 basis points in Tier 1 and Total Risk Based regulatory
measures by end of 2009
Non-performing assets, net charge-offs rise • Total net charge-offs up 33 bps linked-quarter to annualized 86 bps of average loans, driven by the home equity and
residential homebuilder portfolios• Non-performing assets increased to $1,620.8 million, or 1.65% of loans and OREO, primarlily reflecting weakness
in residential homebuilder and condominium portfolios• Allowance for credit losses increased to 1.56% of loans at June 30, 2008 - 7 basis points above March 31, 2008 level
Higher-than-expected home equity losses - especially in Florida• Total home equity write-offs increased to an annualized 1.94% of related loans vs. 0.57% in 1Q due primarily to
declining home values• Florida-based second liens experiencing particular stress, fueled by borrowers who purchased properties as
investments or second homes• Aggressively managing portfolio, including a dedicated Florida collection team• Completed portfolio re-valuation; using detailed property level information to assist in workouts• Strong “Customer Assistance Program” in place to mitigate future losses
Residential homebuilder portfolio exposure declines; generally "as expected" charge-offs• Reduced portfolio $473 million linked quarter to $5.8 billion as of June 30, 2008• Includes $1.8 billion of relationships being proactively managed by an experienced real estate team
Fee-based revenue relatively steady linked quarter• Non-interest revenue, excluding securities transactions and first quarter's Visa gain, was little changed• Strong service charges and brokerage fees largely offset lower mortgage income and commercial credit fees• Morgan Keegan profit, excluding merger charges, increased to $38.2 million
Spread revenue declines despite continued loan growth improvement• Average loan growth rose to annualized 6% in second quarter 2008 from first quarter 2008’s 4% pace, driven by C&I• Net interest margin dropped 17 bps linked quarter to 3.36%, pressured by a negative shift in deposit mix, flow
through of recent yield curve movements and Federal Reserve rate cuts as well as higher non-performing asset levels• Implementing new strategies that emphasize low-cost deposit growth
Better-than-projected cost saves; on pace to exceed upwardly revised $700 million cost save target• Operating expenses relatively flat linked quarter, excluding MSRs and 1Q Visa litigation reserve reversal and loss on
early extinguishment of debt, with higher problem loan workout, professional and legal costs offsetting personnel-relatedefficiencies
• Realized $165 million in second quarter merger cost saves, bringing run-rate to $660 million• Continuing to focus on lowering operating expenses in the current environment. In late June, eliminated
approximately 600 positions not included in initial cost save estimates, following a similar reduction of 700 positions in March 2008
Loans held for sale 9,598 8,998 10,090 12,302 21,363Federal funds sold and securities purchased under agreements to resell 10,202 13,533 17,032 18,154 17,162Trading account assets 12,362 14,153 11,822 10,271 15,785Margin receivables 5,541 6,783 8,160 8,754 9,289Time deposits in other banks 168 616 344 515 649
Total interest income 1,630,662 1,782,804 1,934,168 2,013,120 2,027,480
Total non-interest expense (1) 1,140,374 1,250,259 1,348,256 1,145,394 1,057,735
Income before income taxes from continuing operations 273,554 494,524 70,934 573,531 684,401Income taxes 66,908 157,814 (181) 179,291 230,669
Income from continuing operations 206,646 336,710 71,115 394,240 453,732
Loss from discontinued operations before income taxes (406) (67) (765) (122) (682)Income tax benefit from discontinued operations (153) (25) (291) (46) (259)
Loss from discontinued operations, net of tax (253) (42) (474) (76) (423)
Net income $206,393 $336,668 $70,641 $394,164 $453,309
Weighted-average shares outstanding-- during quarter:
Loans, including fees $2,903,588 $3,507,682Securities:
Taxable 408,251 442,442Tax-exempt 19,673 21,879 Total securities 427,924 464,321
Loans held for sale 18,596 69,705Federal funds sold and securities purchased under agreements to resell 23,735 33,535Trading account assets 26,515 31,405Margin receivables 12,324 18,899Time deposits in other banks 784 1,828
Total interest income 3,413,466 4,127,375Interest expense on:
Total interest expense 1,416,278 1,853,002Net interest income 1,997,188 2,274,373
Provision for loan losses 490,000 107,000Net interest income after provision for loan losses 1,507,188 2,167,373
Non-interest income:Service charges on deposit accounts 565,795 581,735Brokerage and investment banking 486,066 393,567Trust department income 115,475 128,072Mortgage income 70,546 77,851Securities gains (losses), net 91,615 (32,502)Other 322,026 244,990
Total non-interest income 1,651,523 1,393,713Non-interest expense:
Salaries and employee benefits 1,242,331 1,211,585Net occupancy expense 218,122 186,706Furniture and equipment expense 164,358 146,857Recapture of MSR's (25,000) (37,000)Other 790,822 658,553
Total non-interest expense (1) 2,390,633 2,166,701Income before income taxes from continuing operations 768,078 1,394,385Income taxes 224,722 466,577
Income from continuing operations 543,356 927,808
(Loss) income from discontinued operations before income taxes (473) (216,500)Income tax (benefit) expense from discontinued operations (178) (74,982)(Loss) income from discontinued operations, net of tax (295) (141,518)
(1) Merger-related charges total $100.1 million in 2Q08, $75.6 million in 1Q08, $150.2 million in 4Q07, $91.8 million in 3Q07 and $59.9 million in 2Q07.
See page 20 for additional detail
(2) Certain per share amounts may not appear to reconcile due to rounding
(3) Certain amounts in the prior periods have been reclassified to reflect current period presentation
Loans held for sale 635,409 18,596 5.89% 2,369,570 88,558 7.54%Loans held for sale-divestitures - - - 572,096 21,520 7.59%Margin receivables 584,017 12,324 4.24% 543,404 18,899 7.01%Loans, net of unearned income 96,456,468 2,910,406 6.07% 94,194,342 3,480,611 7.45%
Total interest-earning assets 117,765,515 3,432,284 5.86% 118,594,479 4,152,484 7.06%Allowance for loan losses (1,351,680) (1,059,287)Cash and due from banks 2,585,504 2,906,636Other non-earning assets 23,218,565 19,297,089
$142,217,904 $139,738,917
Liabilities and Stockholders' EquityInterest-bearing liabilities:
Tangible stockholders' equity to tangible assets (excluding other comprehensive income) 5.64% 5.64% 5.72% 6.06% 6.28%
Tier 1 Capital (2) 7.47% 7.30% 7.29% 7.73% 7.99%
Total Risk-Based Capital (2) 11.77% 11.07% 11.25% 11.30% 11.56%
Allowance for credit losses as a percentage of loans, net of unearned income (1) 1.56% 1.49% 1.45% 1.19% 1.19%
Allowance for loan losses as a percentage of loans, net of unearned income 1.50% 1.43% 1.39% 1.13% 1.13%
Net interest margin (FTE) 3.36% 3.53% 3.61% 3.74% 3.82%
Loans, net of unearned income, to total deposits 109.30% 108.07% 100.64% 101.00% 98.90%
Net charge-offs as a percentage of average loans* 0.86% 0.53% 0.45% 0.27% 0.23%
as a percentage of loans and other real estate 1.65% 1.25% 0.90% 0.62% 0.62%
as a percentage of loans and other real estate 2.08% 1.73% 1.28% 0.97% 0.84%
*Annualized
(1) The allowance for credit losses reflects the allowance related to both loans on the balance sheet and exposure related to unfunded commitments and standby letters of credit
(2) Current quarter Tier 1 and Total Risk-based Capital ratios are estimated
Total non-performing assets (including loans 90 days past due)
Selected Ratios Regions Financial Corporation and Subsidiaries
Total non-performing assets (excluding loans 90 days past due)
(1) Certain amounts in the prior periods have been reclassified to reflect current period presentation* Linked quarter percentage changes are presented on an annualized basis
• 1Q08 loan classifications reflect an approximate $722 million reclassification of balances from realestate-construction to real estate-mortgage, effective 1/1/08
• 4Q07 and 3Q07 loan classifications were impacted by conversion-related re-mapping
Non-Interest Income (excl. sec. gains/losses) 743,248 816,660 733,023 705,150 729,607 (73,412) -36.2% 13,641 1.9%
Total Revenue (excl. sec. gains/losses,TE basis) 1,732,770$ 1,843,144$ 1,783,442$ 1,791,725$ 1,841,576$ (110,374)$ -24.1% (108,806)$ -5.9%
(1) Certain amounts in the prior periods have been reclassified to reflect current period presentation* Linked quarter percentage changes are presented on an annualized basis
• Net interest margin of 3.36% in 2Q08 compared to 3.53% in 1Q08• Regions' balance sheet positioning is generally balanced as of June 30, 2008• Non-interest income, excluding securities gains/losses and 1Q08 $62.8 million Visa IPO gain, was relatively stable
(1) Certain amounts in prior periods have been reclassified to reflect current period presentation* Linked quarter percentage changes are presented on an annualized basis* * Individual expense categories are presented excluding merger-related charges, which are presented in a separate line item in the above table
• Non-interest income was relatively steady 1Q08 to 2Q08, excluding 1Q08's $91.6 million of securities transactions and$62.8 million of Visa IPO gain
• Service charges up $22.6 million linked-quarter, reflecting seasonal factors and a pricing increase• 2Q08 linked-quarter increase in brokerage income reflects a $23 million adjustment to a market-related position which was
offsetting to the linked quarter decline in Commercial Credit Fees (see bullet point below)• 2Q08 Mortgage income reflects a $14.9 million loss on sale of mortgage servicing rights related to $3.4 billion of GNMA loans.
1Q08 was positively impacted by a $9 million adjustment related to FAS 159 adoption for mortgage loans held for sale• Commercial Credit Fees declined $27.5 million due to lower swap fee income linked quarter (related to and effectively
offsetting the market related adjustment reflected in brokerage as mentioned above)• 1Q08 other non-interest income reflects a $62.8 million gain on the redemption of Visa shares• Non-interest expense, excluding MSR recapture and impairment, and first quarter Visa litigation expense reduction and
loss on extinguishment of debt, was relatively flat linked-quarter• 2Q08 salaries and benefits cost were lower as a result of ongoing merger-related and other incremental cost saving actions• 1Q08 expenses include a $65.4 million charge for early extinguishment of debt related to the redemption of subordinated notes• Professional fees increased in 2Q08 due to special assets litigation resulting from credit cycle deterioration and higher
legal costs• 2Q08 other non-interest expense includes $13.4 million in losses on two Morgan Keegan mutual fund investments. These
losses totaled $24.5 million in 1Q08. 2Q08 other non-interest expense also includes $20.1 million of other real estate expense,up $13.2 million linked quarter. 1Q08 includes a $28.4 million Visa litigation expense reduction related to Visa'a IPO.Lastly, 1Q08 other non-interest expense also reflects an $11.4 million annual subsidiary dividend payment
• 4Q07 other non-interest expense includes the $51.5 million charge related to Regions' ownership interest in the Visaantitrust lawsuit settlements and other related litigation; $38.5 million loss related to two Morgan Keegan mutual fundinvestments; and $6.9 million in Other Real Estate expense
• Merger-related cost saves of $165 million, $127 million, $108 million, $102 million and $84 million are reflected in 2Q08,1Q08, 4Q07, 3Q07 and 2Q07 non-interest expense, respectively
Income before income taxes 60,704 49,042 40,131 71,157 78,714 11,662 95.6% (18,010) -22.9%Income taxes 22,463 18,069 15,068 26,000 28,603 4,394 97.8% (6,140) -21.5%Net income1
38,241$ 30,973$ 25,063$ 45,157$ 50,111$ 7,268$ 94.4% (11,870)$ -23.7%12Q08 and 1Q08 net income do not include merger-related charges of $0.5 million and $17.2 million pre-tax, or $0.3 million and $11.0 million after-tax, respectively.
Breakout of Revenue by DivisionFixed-
income Equity RegionsPrivate Capital Capital MK Asset Interest
($ amounts in thousands) Client Markets Markets Trust Management & OtherThree months ended June 30, 2008:$ amount of revenue 87,079$ 97,488$ 33,531$ 56,851$ 42,819$ 21,517$ % of gross revenue 25.7% 28.7% 9.9% 16.8% 12.6% 6.3%
Three months ended March 31, 2008:$ amount of revenue 88,830$ 89,452$ 47,313$ 54,081$ 41,778$ 17,796$ % of gross revenue 26.2% 26.4% 13.9% 15.9% 12.3% 5.2%
Six months ended
$ amount of revenue 175,909$ 186,940$ 80,844$ 110,932$ 84,597$ 39,313$ % of gross revenue 25.9% 27.6% 11.9% 16.3% 12.5% 5.8%
Six months ended
$ amount of revenue 196,929$ 109,216$ 43,158$ 113,306$ 91,193$ 77,031$ % of gross revenue 31.2% 17.3% 6.8% 18.0% 14.5% 12.2%
* Linked quarter percentage changes are presented on an annualized basis
• 2Q principal transactions revenue declined $17.4 million as compared to an especially strong 1Q, which reflectedhigh fixed-income capital market activity; slowing economy a factor
• Investment banking revenues increased $15.6 million linked-quarter driven by traditional equity and fixed-incomebanking areas. 2007 acquisition of Shattuck Hammond providing new avenues in healthcare-related issuances
• Non-interest expenses declined an annualized 11 percent, resulting from management's efforts to control costsas well as lower mutual fund loss recognition
• Equity Capital Markets revenue declined linked quarter reflecting exceptionally strong 1Q oil and gas revenues• Fixed-income Capital Markets revenues higher as demand for products that customers view as safer or more conservative
has increased• Non-interest expense includes $13.4 million, $24.5 million and $38.5 million for 2Q08, 1Q08 and 4Q07, respectively, in
losses related to investments in two mutual funds• 18,400 new accounts were opened in 2Q08 compared to 21,400 in 1Q08• Total customer assets were $73.5 billion at June 30, 2008, compared to $76.3 billion at March 31, 2008 and $81.3
** Percentage of related loan category outstandings
Note: 1Q08 loan classifications reflect an approximate $722 million reclassification of balances from real estate-const to real estate-mortgage, effective 1/1/08 (note that past due, non-accrual and net charge-off also impacted by reclass)
(1) Prior period breakout not available
Net Charge-offs % of Loans**90+ Past Due % of Loans** Non-accrual loans % of Loans**
Loan Portfolio - Risk View
Ending Balance % of Total Loans
Commercial Real Estate - Owner-Occupied Mortgages,
Non-Owner Occupied Commercial Real Estate and Business and Community Banking Real Estate - $23.8 billion (as of 6/30/08)
• Portfolio well-diversified by product type
• Includes $4.5 billion in Business and Community Banking Non-Owner Occupied Commercial Real Estate Loans which havedifferent risk characteristics. They are underwritten not on a project basis but on the strength of the individual.
• $5.8 billion residential homebuilder portfolio is a subset of the Commercial Real Estate portfolio with the majority of the residentialhomebuilder portfolio found in land and single family sectors
• Proactively reducing certain concentrations• Land balances down $1.6 billion (25%) since December 2006• Condominium balances down $1.0 billion (44%) since December 2006
• Average note size of the homebuilder portfolio is $349,000
• Non-accruing loans represent 9.44 percent of the total homebuilder portfolio with the highest concentrations in the Florida and Central (mainly Atlanta) regions
• 2Q08 charge-offs in the homebuilder portfolio were $34.2 million
• At 2Q08 approximately $1.8 billion of the $5.8 billion homebuilder portfolio represents problem loans
National Homebuilders Total PortfolioLots Residential Presold Residential Spec Land
Lots, $1,179
Residential Presold, $546
National Homebuilders/Other, $215
Residential Spec, $1,752
Land, $2,066
0
600,000
1,200,000
1,800,000
2,400,000
Total Outstanding $1,979,486 $1,432,760 $1,293,601 $621,987 $300,297 $130,122
1 Central consists of Alabama, Georgia, and South Carolina2 Midsouth consists of North Carolina, Virginia and Tennessee3 Midwest consists of Arkansas, Illinois, Indiana, Iowa, Kentucky, Missouri, and Texas4 Southwest consists of Louisiana and Mississippi
Notes: Recoveries are pro-rated based on charge-off balances.* Net Charge-off percentages are calculated on average balances.
• Increased net charge-offs mainly a Florida issue. Net charge-offs in Florida approximately 3.3 times non-Florida net charge-off rate• Second lien, Florida net charge-offs represent 55% of 2Q08 net charge-offs but just 22% of outstanding balances• Balances shown on an ending basis. Net loss rates calculated using average balances• Original LTVs shown for current period only; prior period LTVs not materially different
Reconciliation to GAAP Financial MeasuresThe table below presents computations of earnings and certain other financial measures excluding discontinued operations and merger charges (non-GAAP). Merger charges and discontinued operations are included in financialresults presented in accordance with generally accepted accounting principles (GAAP). Regions believes the exclusion of merger charges in expressing earnings and certain other financial measures, including "earnings pershare from continuing operations, excluding merger charges" and "return on average tangible equity, excluding discontinued operations and merger charges", provides a meaningful base for period-to-period comparisons, whichmanagement 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 ofRegions' business, because management does not consider merger charges to be relevant to ongoing operating results. Management and the Board of Directors utilize these non-GAAP financial measures for the followingpurposes: preparation of Regions' operating budgets; calculation of performance-based annual incentive bonuses for certain executives; calculation of performance-based multi-year incentive bonuses for certain executives;monthly financial performance reporting, including segment reporting; monthly close-out "flash" reporting of consolidated results (management only); and presentations to investors of company performance. Regions believesthat presenting these non-GAAP financial measures will permit investors to assess the performance of the Company on the same basis as that applied by management and the Board of Directors. Non-GAAP financialmeasures have inherent limitations, are not required to be uniformly applied and are not audited. To mitigate these limitations, Regions has policies in place to address expenses that qualify as merger charges and procedures inplace to approve and segregate merger charges from other normal operating expenses to ensure that the Company's operating results are properly reflected for period-to-period comparisons. Although these non-GAAPfinancial 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 reportedunder GAAP. In particular, a measure of earnings that excludes merger charges does not represent the amount that effectively accrues directly to stockholders (i.e., merger charges are a reduction in earnings and stockholders'equity).
06/30/08 03/31/08 12/31/07 9/30/07 6/30/07
($ amounts in thousands, except per share data)
INCOME
Income from continuing operations (GAAP) 206,646$ 336,710$ 71,115$ 394,240$ 453,732$ Loss from discontinued operations, net of tax (253) (42) (474) (76) (423) Net income (GAAP) A 206,393$ 336,668$ 70,641$ 394,164$ 453,309$
Income from continuing operations (GAAP) 206,646$ 336,710$ 71,115$ 394,240$ 453,732$ Merger-related charges, pre-tax
Salaries and employee benefits 46,797 62,089 97,224 14,811 23,047 Net occupancy expense 1,932 1,399 3,891 21,428 4,685 Furniture and equipment expense 5,129 (144) 1,677 1,942 992 Other 46,200 12,254 47,370 53,604 31,203 Total merger-related charges, pre-tax 100,058 75,598 150,162 91,785 59,927
Merger-related charges, net of tax 62,035 46,871 93,505 56,501 37,155
Income excluding discontinued operations and merger charges (non-GAAP) B 268,681$ 383,581$ 164,620$ 450,741$ 490,887$
This financial supplement to Regions' second quarter 2008 earnings release may include forward-looking statements aboutRegions Financial Corporation within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that arenot historical or current facts, including statements about beliefs and expectations, are forward-looking statements. The words“believe,” “expect,” “anticipate,” “project,” and similar expressions often signify forward-looking statements. Such statementsinvolve inherent risks and uncertainties. Regions cautions that actual results and events could differ materially fromexpectations expressed in forward-looking statements as a result of factors such as possible changes in economic andbusiness conditions and interest rates; the current stresses in the financial and residential real estate markets; Regions’ abilityto attract and retain customers; the effects of geopolitical instability and risks such as terrorist attacks; the effects of weatherand natural disasters such as droughts and hurricanes; possible changes in laws and regulations and governmental monetaryand fiscal policies; the cost and other effects of legal and administrative cases and similar contingencies; possible changesin the creditworthiness of customers and the possible impairment of collectibility of loans; increased competition from both banksand non-banks; and effects of critical accounting policies and judgments. The foregoing list of factors is not exhaustive; for discussion of these and other risks that may cause actual results to differ from expectations, please look under the caption“Forward-Looking Statements” in Regions’ Annual Report on Form 10-K for the year ended December 31, 2007 and Form 10-Qfor the quarter ended March 31, 2008, as on file with the Securities and Exchange Commission. You should not place unduereliance on any forward-looking statements, which speak only as of the date made. Regions assumes no obligation to updateor revise any forward-looking statements that are made from time to time.
Regions’ Investor Relations contact is List Underwood at (205) 801-0265; Regions’ Media contact is Tim Deighton at (205) 264-4551