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): May 19, 2010

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) 326-5807

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.

Regions executives are scheduled to make a presentation to investors at the 2010 Barclays Capital Financial Services Conference which is being held in London, England on Wednesday, May 19, 2010 beginning at 11:35 a.m. London, England time (6:35 a.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 Presentation of May 19, 2010

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: May 19, 2010

EX-99.1

Barclays Capital 2010 Financial

Services Conference

May 19, 2010

Exhibit 99.1

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, 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:

›

In 2008, the Emergency Economic Stabilization Act of 2008 became law, and in February 2009 the American Recovery and Reinvestment Act of 2009 was signed

into law. Additionally, the U.S. Treasury and federal banking regulators are implementing a number of programs to address capital and liquidity issues in the banking

system, and there are a number of pending legislative, regulatory and tax proposals, all of which may have significant effects on Regions and the financial services

industry, the exact nature of which cannot be determined at this time.

›

The impact of compensation and other restrictions imposed under the Troubled Asset Relief Program (“TARP”) until Regions repays the outstanding preferred stock

and warrant issued under TARP.

›

Possible additional loan losses, impairment of goodwill and other intangibles and adjustment of valuation allowances on deferred tax assets and the impact on

earnings and capital.

›

Possible changes in interest rates may affect 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 the collectability of loans.

›

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.

›

The current stresses in the financial and real estate markets, including possible continued deterioration in property values.

›

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.

›

Regions' ability to achieve the earnings expectations related to businesses that have been acquired or that may be acquired in the future.

›

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

›

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 keep pace with technological changes.

›

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

›

Regions’ ability to ensure adequate capitalization is impacted by inherent uncertainties in forecasting credit losses.

›

The cost and other effects of material contingencies, including litigation contingencies.

›

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

›

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

›

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 droughts and hurricanes and the effects of the Gulf of Mexico oil spill.

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 captions

“Forward-Looking Statements” and “Risk Factors” in Regions’ Annual Report on Form 10-K for the year ended December 31, 2009 and Form 10-Q for the quarter ended

March 31, 2010, as on file with the Securities and Exchange Commission.

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, which speak only as of the date made. Regions assumes no obligation to update or revise any forward-looking statements that are made from time to

time. 

Forward Looking Statements

1

Agenda

›

Company Overview

›

Geographically Diversified Footprint

›

Three Major Lines of Business

›

Solid Capital

›

Economic Environment

›

Well Positioned for Return to Profitability

›

Credit Trends Improving

›

Rigorous Expense Management

›

Focused Loan and Deposit Pricing

›

Strategic Priorities

2

Diversified Southeastern U.S. Franchise

›

Strategically important position across

a number of Southeastern markets

Regions

Morgan Keegan

Insurance

Offices

1,774

321

31

As of March 31, 2010

3

Consumer Services –

Core Franchise is Strong

›

Every Business Day, Regions Processes:

›

650,000 Branch Transactions

›

293,000 ATM Transactions

›

2.6 Million Debit Card Transactions

›

During 2009, Regions:

›

Opened Over 1 Million New Checking Accounts

›

Grew Interest Free Deposits by Over 25%

›

Increased Online Banking Customers by 25%

›

Achieved Top 10% for Customer Loyalty

›

Top 20% for Branch Customer Service

›

Loans Outstanding = $33.9 billion

4

Superior Customer Satisfaction Drives Growth

1.6%

11.4%

794,236

1,008,106

6.1%

10.4%

0.000

New Checking Sales

Attrition

Household Growth

2008

2009

›

90th percentile among competitors for customer loyalty

according to Gallup

›

Customer

retention rate at a historic high and well above

industry norm

5

Strong and Improving

Market Share

Note: Based on June 30, 2009 FDIC data per SNL.  Adjusted for brokered deposits in MS and GA.

6

State

Deposits ($B)

Rank

AL

18.9

20

%

23

%

1

FL

17.4

19

4

4

TN

17.3

18

16

1

LA

7.3

8

9

3

MS

7.0

7

16

1

GA

6.4

7

4

6

AR

4.6

5

9

2

TX

3.7

4

1

16

IL

2.7

3

1

24

MO

2.5

3

2

9

IN

2.4

3

3

9

Other

3.5

4

-

-

% of Total

Mkt. Share

Business Services Revenue is Well-Diversified

and Positioned for Growth

Commercial

& Industrial

Commercial

Real Estate

Business

Banking

Community

Banking

Private

Banking

Specialized

Groups

›

Business Capital

(ABL)

›

Healthcare

›

Transportation

›

Public, Institutional,  

Non-profit

›

Restaurant

&

Beverage

7

Loans Outstanding = $54.3 billion

Morgan Keegan

›

Outstanding Diversified Franchise Operating in an

Attractive Region

›

321 Offices in 16 States

›

4,201 Associates, including 1,249 Financial Advisors

›

$149 Billion in Assets Under Management

›

During 2009, Morgan Keegan achieved:

›

Ninth Consecutive Year of Increased Operating Revenues

›

Top 10 Underwriter of Municipal Securities Nationally

›

Number 1 Ranked Focus List Performance

8

7.1

11.7

RF

Tier 1

T1C

Regions’

Capital Levels Strong and Comparable to Peers

9

Peers include: BAC, BBT, CMA, FITB, KEY, MI, PNC, STI, USB, WFC; MTB  

Capital ratios as of March 31, 2010

Source: SNL and Company Reports 

Q4 2009 Risk Weighted Assets/Total Assets

Holding Company

69%

71%

73%

80%

82%

84%

85%

86%

89%

92%

93%

104%

RF

Peer Median 85%

Source –

FR Y-9 –

12/31/09

Peers

include:

BAC,

BBT,

CMA,

FITB,

KEY,

MI,

PNC,

STI,

USB,

WFC;

MTB 

10

Improving Economic Backdrop

GDP

0.1%

2.8%

3.2%

Unemployment

9.3%

9.7%

9.1%

Home Price Index

(4.7%)   

(1.3%)   

0.7%

Fed Funds

0.2%

0.3%

1.1%

10yr Treasury

3.2%

4.0%

4.5%

2009

2010 (1)

2011 (1)

(1) Blue Chip forecast

11

NPA Migration Declining

$0

$500

$1,000

$1,500

$2,000

1Q09

2Q09

3Q09

4Q09

1Q10

Net NPA Change

Gross NPA Additions

$ millions

Net NPA* Change down 41%

4Q09 to 1Q10

* Excludes non-performing assets held for sale

12

Disposed of over $3 Billion in Problem Assets

Over Past 18 Months

$0

$300

$600

$900

$1,200

4Q08

1Q09

2Q09

3Q09

4Q09

1Q10

Sales

Transfer to HFS

$ millions

$228

$281

$554

$643

$1,039

Note:

Dispositions

include

loans

sold

or

moved

to

held

for

sale.

The

03/31/10

balance in held for sale was $256MM.

$689

13

Charge-Offs Stabilized

$0

$250

$500

$750

$1,000

1Q09

2Q09

3Q09

4Q09

1Q10

Business Services

Consumer

Sales/Transfer to HFS

$ millions

$390

$491

$680

$692

$700

14

Credit Trends Stable

›

NPAs

peak by the end of 2Q10 and decline thereafter

›

Charge-offs peak by the end of 2Q10 and decline

thereafter

›

Charge-off

guidance remains unchanged: near the

midpoint range of $3.4 billion to $5.9 billion two year loss

range

›

No

reserve build expected in the second half of 2010

15

Rigorous Expense Management Muted by

High Recession-Related Expenses

$996

$988

$172

$219

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

4Q09

1Q10

Other Expenses

Recession-Related Expenses**

$ in millions

$1,207

$1,168

16

**Recession-related expenses includes FDIC premiums, other real estate owned expenses, loan related legal fees, credit support expenses, etc.

Strong Focus on Performance Management and

Productivity Improvements

Regions Headcount Trends

37,709

May

2006

Dec

2007

Dec

2008

Dec

2009

33,161

30,784

28,213

25% Reduction

28,509

›

Reduced Total Positions

over 25% since May 2006

›

Focused on Performance

Management/Top Grading

›

Remain focused on

Headcount Management

March

2010

17

›

Exceeding 2009 record pace

of new checking account

openings; 248,000 in 1

quarter

›

Average customer deposits

grew $1.9 billion linked

quarter; over $6.5 billion

year-over-year

›

Total deposit costs have

declined 61 basis points in

last 12 months

$80.0

$85.0

$90.0

$95.0

$100.0

1Q09

2Q09

3Q09

4Q09

1Q10

0.90%

1.00%

1.10%

1.20%

1.30%

1.40%

1.50%

1.60%

1.70%

Customer Deposits

Total Deposit Costs

7% year over year

growth in average

customer deposits

Increased Customer Deposits and Lower Cost

18

st

Improving Net Interest Margin; Expected to Rise

throughout 2010 and Beyond

›

Net interest margin climbed 5 bps

linked quarter; Expected to climb

to 3.00% by year-end 2010

›

Ongoing improvement in deposit

mix and cost with substantial

remaining repricing opportunity in

maturing, higher cost CDs

›

Consistent improvements in

pricing of new and renewed loans

›

Balance sheet well positioned for

eventual rising rate environment

$ in millions

19

$817

$840

$853

$857

$839

$800

$810

$820

$830

$840

$850

$860

1Q09

2Q09

3Q09

4Q09

1Q10

2.50%

2.60%

2.70%

2.80%

2.90%

3.00%

3.10%

Net Interest Income (FTE)

Net Interest Margin

Strategic Priorities Guiding Focus and Results

›

Keep Focused on the Customer

›

Protect our Future

›

Restore Financial Performance

›

Execute with Excellence

20

Appendix

Total Loan Portfolio

$88.2bn

Commercial

and Industrial

$21.2bn / 24%

Owner

Occupied

Real Estate

$12.6bn / 15%

1Q10 losses

1.48%

Investor

Real Estate

$20.4bn

23%

Residential

First Mortgage

$15.6bn / 18%

Indirect

$2.2bn / 2%

Direct and

Other

$1.1bn

1%

Home

Equity

$15.1bn

17%

Reduced by $5.4 billion, or 21%, since 2006

Land/Single Family/Condo down $7.3bn

Well diversified by Property Type

Our goal is to further reduce this segment to

no more than 15% of total portfolio

Land

$2.6bn / 13%

Single Family

$1.9bn / 9%

Condo -

$0.5bn / 3

Hotel -

$1.0bn / 5%

Industrial -

$1.4bn / 7%

Office

$2.9bn / 14%

Retail

$3.9bn / 19%

Multi Family

$5.0bn / 24%

Other -

$1.2bn / 6%

Investor Real Estate $20.4bn

›

›

›

›

Investor Real Estate Portfolio is Well Diversified

23% of Total Portfolio

Other**

$3.7bn / 18%

FL

$4.7bn / 23%

TX

$2.2bn / 11%

GA

$2.2bn / 11%

AL

$1.8bn / 9%

TN

$1.8bn / 9%

NC

$1.2bn / 6%

LA -

$0.9bn / 4%

MO -

$0.7bn / 3%

SC -

$0.7bn / 3%

AR -

$0.5bn / 3%

Loan Size

Geography

0

5,000

10,000

15,000

20,000

25,000

30,000

<$1MM

$1MM-

10MM

$10MM-

25MM

$25MM+

$802 Thousand  Average Loan Balance

22,242

2,743

371

78

# of Loans