8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 29, 2008

REGIONS FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

DELAWARE	000-50831	63-0589368
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1900 FIFTH AVENUE NORTH

BIRMINGHAM, ALABAMA 35203

(Address, including zip code, of principal executive office)

Registrant’s telephone number, including area code: (205) 944-1300

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

In accordance with general instruction B.2. of Form 8-K, the following information is furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934.

Representatives of the Registrant are scheduled to make a presentation to investors at the Citigroup 2008 Financial Services Conference in New York, New York, on Tuesday, January 29, 2008 at approximately 2:45 p.m. Eastern Time.

A copy of the visual presentation is being furnished as Exhibit 99.1 to this report, substantially in the form intended to be used. Exhibit 99.1 is incorporated by reference under this Item 7.01. Such visual presentation materials also will be available on Regions’ Web site at www.regions.com.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The exhibit listed in the exhibit index is furnished pursuant to Regulation FD as part of this current report on Form 8-K and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934.

Exhibit Index

Exhibit No.	Exhibit
99.1	Visual materials for presentation on January 29, 2008

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

REGIONS FINANCIAL CORPORATION
By:	/s/ John D. Buchanan
Name:	John D. Buchanan
Title:	Senior Executive Vice President, General Counsel and Corporate Secretary

Date: January 29, 2008

EX-99.1

Citigroup 2008 Financial Services Conference

January 29, 2008

Exhibit 99.1

FORWARD LOOKING STATEMENTS

The information contained in this presentation may include forward-looking statements which reflect Regions' current views with respect to future events and financial performance.

The

Private

Securities

Litigation

Reform

Act

of

1995

("the

Act")

provides

a

safe

harbor

for

forward-looking

statements

which

are

identified

as

such

and

are

accompanied

by

the

identification of important factors that could cause actual results to differ materially from the forward-looking statements. For these statements, we, together with our subsidiaries,

unless the context implies otherwise, claim the protection afforded by the safe harbor in the Act. 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 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, uncertainties, and other factors that may cause actual results to differ materially from the views, beliefs, and projections expressed in such statements.

These risks, uncertainties and other factors include, but are not limited to, those described below:

Regions' ability to achieve the earnings expectations related to businesses that have been acquired, including its merger with AmSouth Bancorporation, or that may be

acquired in the future, which in turn depends on a variety of factors, including:

Regions' ability to achieve the anticipated cost savings and revenue enhancements with respect to the acquired operations, or lower than expected revenues from

continuing operations;

the

assimilation

of

the

combined

companies’

corporate

cultures;

the continued growth of the markets that the acquired entities serve, consistent with recent historical experience;

difficulties related to the integration of the businesses, including integration of information systems and retention of key personnel.

Regions' ability to expand into new markets and to maintain profit margins in the face of competitive pressures.

Regions' ability to keep pace with technological changes.

Regions' ability to develop competitive new products and services in a timely manner and the acceptance of such products and services by Regions' customers and potential

customers.

Regions' ability to effectively manage interest rate risk, market risk, credit risk, operational risk, legal risk, and regulatory and compliance risk.

Regions' ability to manage fluctuations in the value of assets and liabilities and off-balance sheet exposure so as to maintain sufficient capital and liquidity to support Regions'

business.

The

cost

and

other

effects

of

material

contingencies,

including

litigation

contingencies.

The effects of increased competition from both banks and non-banks.

Further

easing

of

restrictions

on

participants

in

the

financial

services

industry,

such

as

banks,

securities

brokers

and

dealers,

investment

companies

and

finance

companies,

may increase competitive pressures.

The effects of current stresses in the financial markets.

Possible changes in interest rates may increase funding costs and reduce earning asset yields, thus reducing margins.

Possible

changes

in

general

economic

and

business

conditions

in

the

United

States

in

general

and

in

the

communities

Regions

serves

in

particular.

Possible changes in the creditworthiness of customers and the possible impairment of collectibility of loans.

The effects of geopolitical instability and risks such as terrorist attacks.

Possible changes in trade, monetary and fiscal policies, laws, and regulations, and other activities of governments, agencies, and similar organizations, including changes in

accounting standards, may have an adverse effect on business.

Possible changes in consumer and business spending and saving habits could affect Regions' ability to increase assets and to attract deposits.

The effects of weather and natural disasters such as hurricanes.

The

words

"believe,"

"expect,"

"anticipate,"

"project,"

and

similar

expressions

often

signify

forward-looking

statements.

You

should

not

place

undue

reliance

on

any

forward-

looking

statements.

Any

such

statement

speaks

only

as

of

the

date

the

statement

was

made.

Regions

assumes

no

obligation

to

update

or

revise

any

forward-looking

statements.

Company Profile

Company Profile

Integration Update

4Q07 Financial Performance

and Credit Quality

2008-2010 Strategic Initiatives

Overview

Regions is Among the Largest U.S. Banks

Market Capitalization

$16 billion         

Assets

$141 billion

Loans, net of unearned income

$95 billion

Deposits

$95 billion

Branches

1,965

ATMs

2,490

1

As of December 31, 2007.

Franchise Footprint

Source:  SNL DataSource and Regions as of June 30, 2007

State

Dep. ($B)

Mkt. Share

Rank

AL

$18.2

25%

#1

FL

17.7

5

#4

TN

16.7

16

#2

LA

7.6

10

#3

MS

6.2

15

#1

GA

5.5

3

#6

AR

4.3

9

#2

TX

3.0

1

#18

IL

2.4

1

#24

MO

2.3

2

#8

IN

2.0

2

#9

Other

2.4

—

—

Regions

Morgan Keegan

Insurance

Regions compares

favorably in terms of

local market share

relative to other top 10

banking franchises

1

Deposit weighted by county. Excludes deposits from branches with > $10bn of deposits. Based on June 30, 2007 data.

16.6%

Median

7.9

Citigroup

13.2

National City

14.3

SunTrust

16.0

JP Morgan Chase

16.4

Bank of America

16.6

U.S. Bancorp

17.2

Fifth Third

18.3

Wachovia

18.5

Regions

19.1

Wells Fargo

21.8%

BB&T

Market Share

(1)

Name

Average

Weighted

Weighted Average Market Share

10.5%

10.0%

8.1%

8.0%

7.9%

7.0%

6.9%

5.9%

5.7%

4.5%

4.2%

3.7%

3.4%

3.4%

3.3%

2.8%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

Fast Growing Footprint

Projected

Population

Growth

(2007-2012)

of

Market

Footprint

(1)

Source:  SNL Financial.  Data as of June 2007.  Pro forma for completed/pending M&A.

(1) Deposit weighted by State.

National Average

6.3%

Morgan Keegan –

Among the Largest Regional Full-Service

Brokerage and Investment Banking Firms

Revenue ($M)

Pre-Tax Income ($M)

Financial Performance

416 Office Locations

Revenue Composition (2007)

Profile

Founded in 1969

Acquired by Regions in 2001

1,282 financial advisors

416 offices in 19 states

Record revenues of $1.3 billion in 2007

98,700 new accounts opened in 2007

$80 billion of customer assets

$81 billion of trust assets

#1 underwriter of long-term municipal bonds in the south central U.S. for 14

consecutive years

#11 book-running manager in 2006 ($8.6 billion, 445 issues)

Private

Client

30%

Fixed

Income

Capital

Markets

19%

Equity

Capital

Markets

8%

Regions MK

Trust

17%

Other

11%

Asset Mgmt

15%

$810

$1,029

$1,300

2005

2006

2007

$161

$239

$262

2005

2006

2007

Company Profile

Integration Update

Integration Update

4Q07 Financial Performance

and Credit Quality

2008-2010 Strategic Initiatives

Overview

Merger Integration Complete

Combined

Product Set

& Incentives

Complete Sale

of Divested

Branches

1Q07

2Q07

3Q07

4Q07

Brokerage

Conversion

Mortgage

Origination &

Servicing

Conversion

Trust

Conversion

Event Two Branch

Conversion and

Consolidations

Event Three Branch

Conversion and

Consolidations

Event One Branch

Conversion and

Consolidations

Pre-conversion

Branch

Consolidations

Merger Integration Complete

443,000 hours of training completed in preparation for branch

conversions in which we converted:

1,945 branches

7.2 million deposit accounts

840,000 loan accounts

Consolidated 160 branches in overlapping markets

2007

2007

2008

2008

$0

$200

$400

$600

Original Target

Actually Achieved

New Target

$400

Exceeding Original Cost Saves

$ in millions

$345

$500

Company Profile

Integration Update

4Q07 Financial Performance

4Q07 Financial Performance

and Credit Quality

and Credit Quality

2008-2010 Strategic Initiatives

Overview

Increased credit allowance for loan losses

Aggressively managing residential homebuilder portfolio

Strong fee-based revenue, particularly Morgan Keegan

Cost saves exceed expectations

Non-merger-related charges incurred during the quarter

Capital position remains strong

Fourth Quarter Financial Performance

›

Visa Settlement

$51.5 million

›

Morgan Keegan Investment Loss

$38.5 million

›

Mortgage Servicing Valuation

$27.4 million

Adjustment and Loss on Sale

›

Low Income Housing Investment

$  9.4 million

Impairment

›

Foreclosed Real Estate Writedown

$  7.0 million

4Q07

Unusual Items

Financial Performance

$ 0.24 

EPS –

diluted

0.45 %

Net Charge-Off Ratio

Asset Quality

0.90 %

Nonperforming Assets as a % of Loans

1.45 %

Allowance for Credit Losses as a % of Loans

8.55 %

Return on Avg. Tangible Equity

65.9 %

Operating Efficiency

3.61 %

Net Interest Margin

Profitability

As Reported

NOTE: Ratios are excluding discontinued operations and merger-related charges. For a reconciliation of these amounts to GAAP financial measures and

a statement of why management believes these measures provide useful information to investors, see Regions' 8-K filed January 22, 2008 announcing

preliminary results of operations for the period ended December 31, 2007.

4Q07 Financial Summary

Credit Quality Trends

0.45%

0.90%

0.37%

0.27%

0.20%

0.23%

0.27%

0.62%

0.62%

0.45%

0.40%

0.15%

0.22%

0.22%

0.35%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

4Q06

1Q07

2Q07

3Q07

4Q07

NPAs/Loans and OREO

Net Charge-Offs/Average Loans

Delinquent Loans (90+ Past Due)

Diversified Loan Portfolio

C&I, 17%

CRE- Owner

Occupied Mortgages,

5%

CRE- Non-owner

Occupied Mortgages,

8%

Construction, 14%

Business and

Community Banking,

16%

Alt-A, 3%

Residential 1st

Mortgage, 15%

Home Equity Lending,

16%

Indirect Lending, 4%

Direct Lending, 1%

Other Consumer, 1%

Total Loan Portfolio -

$95.4 billion

Commercial Real Estate Portfolio -

$21.0 billion

CRE Portfolio by Product

CRE Portfolio Characteristics

CRE portfolio is diversified by product, loan size,

and by geography

CRE portfolio is very granular with the average

note size under $600 thousand

Top 5 MSA concentrations are Atlanta, Miami,

Nashville, Tampa, and Birmingham, all of which

are under 10%

$7.2 billion homebuilder portfolio is a subset of the

CRE portfolio, with the majority being found in the

land and single family sectors

Proactively reducing certain concentrations

Multi-Family, 12%

Single Family, 18%

Retail, 15%

Office, 8%

Industrial, 4%

Hotel, 3%

Other, 8%

Land, 24%

Condo , 8%

Residential Homebuilder Portfolio-

$7.2 billion

Land, $2,926

Residential

Spec, $1,893

Residential

Presold, $618

Lots, $1,608

National

Homebuilders,

$160

Product Breakout

$

%*

$

%*

$

%*

$

%*

$

%*

$

%*

90+ Past Due

8,306

0.52

892

0.14

4,921

0.26

5,218

0.18

-

-

19,337

0.27

Non-Accruing Loans

68,269

4.25

31,750

5.14

100,640

5.31

57,346

1.96

-

-

258,005

3.58

Average Note Size:

     Total Portfolio

290

-

350

-

240

-

1,148

-

4,721

-

405

-

      East

203

-

247

-

225

-

1,078

-

-

-

307

-

      Florida

843

-

965

-

529

-

3,626

-

-

-

1,265

-

Outstandings

1,607,794

$  

617,628

$   

1,893,567

$  

2,925,685

$  

160,505

$   

7,205,179

$  

National

Homebuilders

Total Portfolio

Lots

Residential Presold

Residential Spec

Land

($ in thousands)

*  Percentage related to product outstandings

Residential Homebuilder Portfolio -

$7.2 billion

0

600,000

1,200,000

1,800,000

2,400,000

Total Outstanding

$802,046

$2,341,071

$2,008,091

$827,252

$328,935

$720,940

$176,844

Non-accruing

17,648

56,543

104,896

45,030

10,145

23,698

45

Accruing

784,398

2,284,528

1,903,195

782,222

318,790

697,242

176,799

Alabama

East

Florida

Midwest

Southwest

Tennessee

Other

Residential Homebuilder Portfolio-

$7.2 billion

Geographic Breakout

$ in thousands

Consumer Real Estate Portfolio -

$31.9 billion

Residential First

Mortgage

15%

Alt A

3%

Home Equity

16%

Remaining Loan

Portfolio

66%

Note: as of December 31, 2007.

Wgtd Avg.

Wgtd Avg.

Outstandings*

LTV

FICO

Home Equity Lending

14,962,007

$        

74%

733

70,964

$    

41%

Residential 1st Mortg

14,129,484

67%

725

174,006

100%

Alt-A

2,830,062

72%

711

175,737

100%

Total Consumer RE  Portfolio

31,921,553

$        

71%

727

119,495

$  

71%

* $ in thousands

Avg. Loan

Size

% in 1st

Lien

Excellent Loss Experience versus Peers

NOTE:  Industry peers include FITB,  KEY, NCC, STI, USB, WFC, WM

Home Equity

Regions

0.24%

0.31%

0.31%

Industry Peers

0.46%

0.64%

1.02%

Residential First Mortgage

Regions

0.12%

0.13%

0.18%

Industry Peers

0.22%

0.30%

0.63%

Net Charge-offs

2Q07

3Q07          4Q07

6.5%

6.3%

6.1%

5.9%

5.7%

5.5%

5.3%

5.2%

5.0%

4.3%

4.1%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

Strong Capital Position

Tangible Equity / Tangible Assets

Source:  SNL DataSource, Tangible Equity/Tangible Assets as of December 31, 2007.

5.5%

Median

Company Profile

Integration Update

4Q07 Financial Performance

and Credit Quality

2008-2010 Strategic Initiatives

2008-2010 Strategic Initiatives

Overview

Overview

Five Strategic Initiatives 

›

Leverage full depth of Morgan Keegan capabilities among all

Lines of Business

›

Grow the emerging and mass affluent customer segment

through a fully integrated approach

›

Increase core customer deposits to optimize the profitability of

balance sheet growth

›

Enhance overall company productivity

›

Deliver reliable, consistent service quality across all Lines of

Business to improve customer satisfaction and retention

Two Additional Corporate-Wide Initiatives

›

Identify new revenue streams

›

Identify new operating efficiencies

Business Forum Scope and Structure   

Purpose:

To lead and manage the consistent execution of Line of

Business strategy across the company.

Six Business Forums Will Focus On:

›

Branch Performance

›

Affluent Market

›

Branch Non-interest Revenue

›

Middle Market

›

Community Banking

›

Business Banking

Business Forum Scope and Structure   

Responsibilities

›

Lead/drive the execution of Line of Business strategy

›

Provide oversight and guidance

›

Ensure swift adoption and adherence to all risk management

policies and practices

›

Ensure prudent/effective use of company resources

Execution Details

›

Monthly meeting sessions

›

Work plans with targeted deliverables

›

Monthly progress reports to Heads of General Bank and

Lines of Business

Operating According to Ten Guiding Principles   

›

Provide uncompromised service

›

Drive revenue

›

Maintain momentum

›

Be fast, Be nimble

›

Control, monitor and report

›

Be consistent in best practices

›

Be resourceful

›

Invest in innovation

›

Grow customers

›

People + Partnerships = Performance

Challenging Banking Environment

Regions is well positioned despite challenging

operating environment:

Growth driven by strategic initiatives

Relatively neutral balance sheet positioning

Strong Morgan Keegan contribution

Merger opportunities mitigate industry

downturn, allow for increased operating leverage

Exceeding merger-related cost saves

Continued strong liquidity and capital ratios