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 25, 2011

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

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 2.02 Results of Operations and Financial Condition

Item 7.01 Regulation FD Disclosure

On January 25, 2011 Regions Financial Corporation issued a press release announcing its preliminary results of operations for the quarter and year ended December 31, 2010. A copy of the press release is attached hereto as Exhibit 99.1. Supplemental financial information for the quarter and year ended December 31, 2010 is attached as Exhibit 99.2. Executives from Regions will review the results via teleconference and live audio webcast at 11:00 a.m. Eastern time today. A copy of a visual presentation that will be a part of that review is attached as Exhibit 99.3. All of the attached exhibits are incorporated herein, and Exhibits 99.1 and 99.2 may also be found on Regions website at www.regions.com. Exhibit 99.3 will be posted on the website at the time of the webcast.

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

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1	Press Release dated January 25, 2011
99.2	Supplemental Financial Information
99.3	Visual Presentation of January 25, 2011

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 25, 2011

EX-99.1

Exhibit 99.1

Media Contact:	Investor Relations Contact:
Tim Deighton	List Underwood
(205) 264-4551	(205) 801-0265

Regions Reports Financial Results for Fourth Quarter 2010

Continued strength in core business; Customer growth drives improved performance; Inflow

of Non-performing Loans declined 29 percent linked quarter

BIRMINGHAM, Ala. – (BUSINESS WIRE) – January 25, 2011 – Regions Financial Corporation (NYSE:RF) today reported financial results for the quarter and year ending December 31, 2010.

Key points for the quarter included:

• Reported earnings of 3 cents per diluted share reflects continued strength in core business performance, compared to a loss of 17 cents per diluted share for the quarter ended September 30, 2010, and a loss of 51 cents per diluted share for the fourth quarter in 2009. Full-year results reflect a net loss per diluted share of $0.62 compared to a net loss of $1.27 in 2009.

• Pre-tax pre-provision net revenue (“PPNR”) as reported totaled $824 million and includes $363 million of net adjusted items, of which $333 million were related to security gains; PPNR on an adjusted basis (see non-GAAP reconciliation in Financial Supplement) totaled $461 million, reflecting higher brokerage activity and fee-based account growth. Adjusted PPNR was up 19 percent over the fourth quarter of 2009 and 4 percent higher for the full year 2010 versus 2009.

• Inflows of non-performing loans declined 29% linked quarter, resulting in a $308 million decline in non-performing assets

• Non-performing assets and delinquencies declined for the third consecutive quarter, while internally risk-rated problem loans have declined for four consecutive quarters

• Net charge-offs decreased $77 million or 10% versus prior quarter; provision essentially matched net charge-offs

• Allowance for loan losses to net loans increased 7 bps to 3.84%; loan loss allowance coverage of non-performing loans increased to 1.01x at December 31, 2010

• Opened approximately one million new business and consumer checking accounts for the second year in a row

• Ending commercial & industrial loans grew 5 percent, or $1 billion, reflecting new client acquisitions, primarily consisting of middle market customers

• Net interest margin continues to improve, expanding 4 basis points to 3.00 percent or an increase of 28 basis points from fourth quarter 2009; quarterly improvements driven by declining deposit costs of 6 basis points and loan yields rising 5 basis points.

• Funding mix improves as average low-cost deposits grew $1.4 billion during the fourth quarter in 2010 and increased $7 billion from the fourth quarter 2009

• Discretionary expenses have been limited while eliminating non-essential costs

• Solid capital position with a Tier 1 Capital ratio estimated at 12.4 percent and a Tier 1 Common ratio estimated at 7.9 percent

Earnings Highlights

	Three months ended:
	December 31, 2010						September 30, 2010						December 31, 2009
(In millions. except per share data)	Amount			Dil. EPS			Amount			Dil. EPS			Amount			Dil. EPS
Earnings
Net interest income	$	877					$	868					$	850
Non-interest income		1,213						750						718
Non-interest expense		1,266						1,163						1,219
Pre-tax pre-provision net revenue		824						455						349
Provision for loan losses		682						760						1,179
Net income (loss)	$	89		$	0.07			($155	)		($0.13	)		($543	)		($0.46	)
Preferred dividends and accretion		53			(0.04	)		54			(0.04	)		63			(0.05	)
Net income (loss) available to common shareholders	$	36		$	0.03			($209	)		($0.17	)		($606	)		($0.51	)
Key ratios *
Net interest margin (FTE)		3.00	%					2.96	%					2.72	%
Tier 1 Capital		12.4	%					12.1	%					11.5	%
Tier 1 Common risk-based Ratio		7.9	%					7.6	%					7.1	%
Tangible common stockholders’ equity to tangible assets (non-GAAP)**		6.04	%					6.31	%					6.22	%
Tangible common book value per share (non-GAAP)**	$	6.09					$	6.42					$	7.11
Asset quality
Allowance for loan losses as % of net loans		3.84	%					3.77	%					3.43	%
Net charge-offs as % of average net loans~		3.22	%					3.52	%					2.99	%
Non-performing assets as % of loans and other real estate		4.70	%					4.98	%					4.83	%
Non-performing assets (including 90+ past due) as % of loans and other real estate		5.40	%					5.68	%					5.59	%

* Tier 1 Common and Tier 1 Capital ratios for the current quarter are estimated.

** Tangible ratios are computed net of deferred tax liabilities associated with intangible assets. Prior periods have been revised to conform to the current presentation.

~ Annualized

Customer growth drives improved core business performance

Regions’ 2010 fourth quarter earnings available to common shareholders of $36 million, or 3 cents per diluted share, reflects progress towards returning to sustainable profitability. Fourth quarter and year-end results show continued momentum in the company’s core business performance, as pre-tax pre-provision net revenue on an adjusted basis rose by 19 percent over the fourth quarter of 2009 and was 4 percent higher for the full year of 2010 versus the previous year. Additionally this quarter, net interest income rose, the net interest margin continued to expand, low-cost deposits increased, middle market commercial & industrial lending grew and the bank opened approximately one million new checking accounts for the second consecutive year.

“Our fourth quarter results not only demonstrate clear progress toward achieving our primary goal of returning Regions to sustainable profitability, but importantly show that we have done so while also continuing to reduce our risk profile,” said Grayson Hall, president and chief executive officer. “We’re encouraged by signs of economic recovery and the continued success we have had in profitably expanding our customer base as well as deepening existing customer relationships.”

Prudent de-risking of balance sheet continues; credit trends improving

During the fourth quarter the company’s inflows of non-performing loans declined 29 percent versus the third quarter, resulting in a $308 million decline in non-performing assets, which represents the third consecutive quarterly decline. Additionally, the company sold $405 million of non-performing assets this quarter.

An increasing and substantial portion of the company’s non-performing loans continues to be current and paying as agreed. As of December 31, 2010, 37 percent of business services non-performing loans were current and paying as agreed compared to 23 percent a year ago. Loans paying current have cash flow and therefore the company expects these will result in less costly resolution versus non-income producing properties.

The provision for loan losses declined $78 million to $682 million; essentially matched net charge offs, and was an annualized 3.22 percent of average loans. The current allowance for loan losses to loans ratio increased 7 basis points to 3.84 percent, while the loan loss allowance coverage of non-performing loans increased to 1.01x at December 31, 2010.

Continued emphasis on the customer; lending remains a primary focus

Maintaining a strong customer focus remains one of the company’s strategic priorities. The company’s success on this front has been validated by Gallup, which has identified Regions as a top-decile performer in customer loyalty. According to JD Power & Associates, Regions also ranks among the most improved retail banks in customer satisfaction, and in the top five in customer satisfaction in the country among primary mortgage servicing companies and Regions also ranked fourth in its 2010 U.S. Small Business Banking Satisfaction Survey. Independent research by TNS ranks Regions’ brand favorability the highest of 11 major banks tested within the company’s market. Additionally, Prime Performance recently recognized Regions as the top scorer in the category of friendliness and best for overall satisfaction with service among all large and regional banks, which favorably positions Regions to gain market share. Attention to service quality and loyalty continued to pay off in the fourth quarter and throughout the year, as demonstrated by new checking account sales. For the second year in a row the company opened approximately one million new business and consumer checking accounts.

While both ending and average loans declined 2 percent, the company experienced strength in its middle market commercial & industrial customer segment, as average and ending loans increased 3 percent and 5 percent, respectively linked-quarter. Commercial & industrial increases were more broadly distributed across the company’s footprint and in more industries than in the prior quarter.

Investor real estate loans declined 9 percent linked quarter and have been reduced 27 percent over the past year and at period-end totaled $15.9 billion. The company plans to continue de-risking this portfolio in 2011. The linked quarter decline in the company’s residential first mortgage portfolio is due to a $965 million sale of residential first mortgages.

The company will continue to execute on its plans to grow consumer loans, which includes an increased emphasis on direct lending, providing services for the underserved customer segment, specialized lending and leveraging the strength of the company’s extensive branch network.

In addition, Regions has remained an active lender in the current environment, having made new or renewed loan commitments totaling $59.9 billion during 2010, primarily driven by residential first mortgage production and lending to commercial customers, including those operating small businesses.

• 133,077 home loans and other lending to consumers totaling $10.7 billion

• 41,310 commitments totaling $7.2 billion to small businesses and $42.0 billion to other commercial customers

The company has also continued to assist borrowers in need with its Customer Assistance Program. Since inception, approximately 19,500 consumer real estate loans have been revised while more than 33,500 homeowners have received some type of assistance. As a result, Regions’ foreclosure rate is less than half the national average.

Net interest margin expansion driven by funding mix and improving loan yields

Regions’ funding mix and costs improved for the year and the quarter, driving both net interest income and the net interest margin higher. Net interest income increased $97 million or 3 percent in 2010 versus 2009 and $9 million or 1 percent, linked-quarter. The net interest margin improved 4 basis points to 3.00 percent during the fourth quarter and is up 28 basis points year-over-year.

Deposit costs declined another 6 basis points to 0.64 percent in the fourth quarter and are down 51 basis points year-over-year. Pricing opportunities remain, as the company has approximately $13.5 billion in CDs maturing over the next 12 months which will be re-priced at lower market rates. For the fourth quarter, loan yields increased 5 basis points to 4.34 percent. The company believes future margin improvement depends on continued widening loan spreads. Offsetting these improvements, excess liquidity and investment portfolio actions will serve to negatively impact the margin going forward.

Strong non-interest revenue

Non-interest revenue totaled $1.2 billion and included $333 million in securities gains, a $26 million gain related to a sale of residential mortgage loans, and $59 million in leveraged lease termination gains, which were essentially offset by a similar amount of tax expense. Excluding these non-core revenue items, non-interest revenues increased 6 percent linked-quarter and were driven by solid interchange income from increased debit card volume and fee-based account growth and an increase in brokerage income. Morgan Keegan’s revenues were up 12 percent versus the prior quarter, reflecting continued strength in private client and investment banking. Regulation E negatively impacted service charge revenues approximately $57 million for the second half of 2010, which was within the company’s projected estimate.

Modest increase in non-interest expenses

Non-interest expense totaled $1.3 billion; however, excluding a $55 million loss on early extinguishment of debt in the fourth quarter, total non-interest expenses were up $49 million or 4 percent linked-quarter, due to an increase in professional and legal fees and incentive-based compensation attributed to Morgan Keegan. While credit-related costs remain elevated, the company continues to focus on limiting other non-essential costs. The company remains committed to targeting all areas of staffing, occupancy, discretionary spending, incentives, and credit-related expenses. Customers will continue to be at the center of every decision, and any changes will maintain focus on service quality and serving their needs.

Regulatory reform

Depending on the regulatory reductions of debit interchange fees and the timing of their implementation, the company faces additional fee income challenges in 2011. The Federal Reserve’s initial proposals related to the debit card regulation provisions of the Dodd-Frank Act are more onerous than originally anticipated. While the Federal Reserve has provided a comment period, the proposals in their initial form do not appear to consider the full costs of providing this service to consumers. Regions derived $346 million from this revenue stream in 2010 and while it is premature to assess the proposals’ impact on these fees, the potential effect could be significant. The company is currently evaluating the impact and necessary changes to both the cost structure of offering the product as well as other account fees which will be necessary to ensure adequate profitability.

Strong capital and liquidity profile

As of December 31, 2010, Tier 1 common and Tier 1 ratios stood at an estimated 7.9 and 12.4 percent, respectively, and on a Basel III pro-forma basis are 7.6 and 11.4 percent, well above the respective 7 percent and 8.5 percent minimums required under Basel III. The company’s liquidity position at both the bank and the holding company remains strong as well. As of December 31, 2010, the company’s loan-to-deposit ratio was 88 percent.

About Regions Financial Corporation

Regions Financial Corporation, with $132 billion in assets, is a member of the S&P 100 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,800 banking offices and 2,200 ATMs. Its investment and securities brokerage trust and asset management division, Morgan Keegan & Company Inc., provides services from over 300 offices. Additional information about Regions and its full line of products and services can be found at www.regions.com.

Forward-looking statements

This press release 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:

• The Dodd-Frank Wall Street Reform and Consumer Protection Act became law on July 21, 2010, and a number of legislative, regulatory and tax proposals remain pending. Additionally, the U.S. Treasury and federal banking regulators continue to implement, but are also beginning to wind down, a number of programs to address capital and liquidity in the banking system. All of the foregoing 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 the TARP, including restrictions on Regions’ ability to attract and retain talented executives and associates.

• 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 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, including any prolonging or worsening of the current unfavorable economic conditions, including unemployment levels.

• 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 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 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 which is impacted by inherent uncertainties in forecasting credit losses.

• The cost and other effects of material contingencies, including litigation contingencies and any adverse judicial, administrative or arbitral rulings or proceedings.

• 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 floods, droughts and hurricanes, and the effects of the Gulf of Mexico oil spill.

• Possible downgrades in ratings issued by rating agencies.

• Potential dilution of holders of shares of Regions’ common stock resulting from the U.S. Treasury’s investment in TARP.

• Possible changes in the speed of loan prepayments by Regions’ customers and loan origination or sales volumes.

• Possible acceleration of prepayments on mortgage-backed securities due to low interest rates and the related acceleration of premium amortization on those securities.

• The effects of problems encountered by larger or similar financial institutions that adversely affect Regions or the banking industry generally.

• Regions’ ability to receive dividends from its subsidiaries.

• The effects of the failure of any component of Regions’ business infrastructure which is provided by a third party.

• Changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

• The effects of any damage to Regions’ reputation resulting from developments related to any of the items identified above.

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. We assume no obligation to update or revise any forward-looking statements that are made from time to time.

The foregoing list of factors is not exhaustive. For discussion of these and other factors that may cause actual results to differ from expectations, 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 Quarterly Reports on Form 10-Q for the quarters ended September 30, 2010, June 30, 2010 and March 31, 2010, as on file with the Securities and Exchange Commission.

Use of non-GAAP financial measures

Page two of this earnings release presents Tier 1 common risk-based ratio and tangible common equity (non-GAAP). Page seven of the financial supplement shows additional ratios based on return on average assets, tangible common stockholders’ equity ,efficiency ratio, as well as the Tier 1 common risk-based ratio and computations of earnings and certain other financial measures excluding the regulatory charge (non-GAAP). Tangible common stockholders’ equity ratios have become a focus of some investors, and management believes they may assist investors in analyzing the capital position of the company absent the effects of intangible assets and preferred stock. Traditionally, the Federal Reserve and other banking regulatory bodies have assessed a bank’s capital adequacy based on Tier 1 capital, the calculation of which is codified in federal banking regulations. In connection with the Supervisory Capital Assessment Program, these regulators began supplementing their assessment of the capital adequacy of a bank based on a variation of Tier 1 capital, known as Tier 1 common equity. While not codified, analysts and banking regulators have assessed Regions’ capital adequacy using the tangible common stockholders’ equity and/or the Tier 1 common equity measure. Because tangible common stockholders’ equity and Tier 1 common equity are not formally defined by GAAP or codified in the federal banking regulations, these measures are considered to be non-GAAP financial measures and other entities may calculate them differently than Regions’ disclosed calculations. Since analysts and banking regulators may assess Regions’ capital adequacy using tangible common stockholders’ equity and Tier 1 common equity, we believe that it is useful to provide investors the ability to assess Regions’ capital adequacy on these same bases.

Tier 1 common equity is often expressed as a percentage of risk-weighted assets. Under the risk-based capital framework, a bank’s balance sheet assets and credit equivalent amounts of off-balance sheet items are assigned to one of four broad risk categories. The aggregated dollar amount in each category is then multiplied by the risk weighted category. The resulting weighted values from each of the four categories are added together and this sum is the risk-weighted assets total that, as adjusted, comprises the denominator of certain risk-based capital ratios. Tier 1 capital is then divided by this denominator (risk-weighted assets) to determine the Tier 1 capital ratio. Adjustments are made to Tier 1 capital to arrive at Tier 1 common equity. Tier 1 common equity is also divided by the risk-weighted assets to determine the Tier 1 common equity ratio. The amounts disclosed as risk-weighted assets are calculated consistent with banking regulatory requirements.

Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. To mitigate these limitations, Regions has policies and procedures in place to identify and address expenses that qualify for non-GAAP presentation, including authorization and system controls to ensure accurate period to period comparisons. Although these 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 the regulatory charge does not represent the amount that effectively accrues directly to stockholders (i.e. the regulatory charge is a reduction in earnings and stockholders’ equity).

See page 10 of the supplement to this earnings release for the computation of pre-tax pre-provision net revenue (GAAP) to adjusted pre-tax pre-provision net revenue (non-GAAP). See pages 26 and 27 of the supplement to this earnings release for 1) computation of GAAP net income (loss) available to common shareholders, earnings (loss) per common share and return on average assets to non-GAAP financial measures, 2) a reconciliation of average and ending stockholders’ equity (GAAP) to average and ending tangible common stockholders’ equity (non-GAAP), 3) a reconciliation of stockholders’ equity (GAAP) to Tier 1 capital (regulatory) and to Tier 1 common equity (non-GAAP), 4) a reconciliation of non-interest

expense (GAAP) to adjusted non-interest expense (non-GAAP) 5) a reconciliation of non-interest revenue (GAAP) to adjusted non-interest revenue (non-GAAP) and 6) a computation of the efficiency ratio (non-GAAP).

###

EX-99.2

Exhibit 99.2

FINANCIAL SUPPLEMENT TO FOURTH QUARTER 2010 EARNINGS RELEASE

Summary

Quarterly profit of $0.03 per diluted share reflects improved core business performance; Progress continues

towards sustainable profitability; Account growth drives improved performance

• Significant fourth quarter drivers include: $333 million in securities gains, $26 million gain on sale of residential mortgages and $55 million loss on early extinguishment of debt

• Inflow of non-performing loans declined 29% linked quarter

• Pre-tax pre-provision net revenue, on an adjusted basis, totaled $461 million, 2% higher than prior quarter, 19% higher compared to the fourth quarter of 2009, and 4% higher for the full year 2010 versus 2009.

Prudent de-risking of balance sheet continues; credit trends improving

• Non-performing loans, excluding loans held for sale, decreased $212 million or 6% linked quarter, and were the primary driver of an overall decline in non-performing assets

• Net charge-offs decreased $77 million to $682 million, or an annualized 3.22% of loans as compared to third quarter’s 3.52%.

• Allowance for loan losses increased 7 bps to 3.84%; loan loss provision essentially equaled net charge-offs

• Allowance coverage ratio (ALL/NPL, excluding loans held for sale) rose to 1.01x as of December 31, 2010, as compared to 0.94x at September 30, 2010 and 0.89x at December 31, 2009

Continued emphasis on the customer; lending remains a primary focus

• Opened approximately 1,000,000 new business and consumer checking accounts for the second year in a row

• Independent research by TNS ranks Regions’ brand favorability the highest of 11 major banks tested within our market which places Regions in a strong position to gain market share.

• Customer retention remains well above the industry norm and is at a historical high

• Gallup continues to identify Regions as a top-decile performer in customer loyalty

• Loans outstanding declined $1.6 billion or 2% linked quarter, and reflects de-risking efforts, particularly involving investor real estate, which decreased $1.6 billion in the third quarter. Also impacted by $965 million sale of residential mortgage loans.

• Commercial & industrial period end loans, primarily middle market, increased $1 billion or 5% linked quarter. Notably, the increase was more broadly distributed across the company’s footprint, and in more industries than the prior quarter.

Net interest margin expansion driven by funding mix and improving loan yields

• Net interest income increased $9 million linked quarter and $97 million for the full year 2010 versus 2009

• Improving deposit costs continue to benefit the net interest margin, which rose 4 basis points linked quarter to 3.00%

• Average low-cost deposits increased $1.4 billion linked quarter or $7 billion for the full year 2010

• Total deposit costs declined 6 bps linked quarter to 0.64%; down 51 basis points year-over-year

• Loan yields increased 5 basis points linked quarter to 4.34%; company remains disciplined with pricing of new loans

Strong non-interest revenue; Modest increase in non-interest expenses

• Non-interest income increased $463 million linked quarter; however, on an adjusted basis, after excluding $333 million in securities gains, $26 million gain on sale of mortgage loans and $59 million in leveraged lease terminations gains, non-interest revenue increased $47 million or 6% linked quarter.

• Securities gains in 4Q10 reflect the sale of approximately $8.1 billion of agency mortgage-backed securities. The proceeds were reinvested in similar securities with slightly longer durations.

• Non-interest expenses increased 9% linked quarter, however after adjusting for current quarter’s $55 million loss on early extinguishment of debt, non-interest expenses increased 4% driven by professional and legal fees and revenue-based incentives

Strong capital and liquidity profile

• Tier 1 capital ratio of 12.4% ^(1);

• Tier 1 common ratio of 7.9% ⁽¹⁾

• As the rules are currently being interpreted, Basel III is expected to have a minimal impact to Regions

• Tangible common stockholders’ equity to tangible assets of 6.04%

• Loan to deposit ratio of 88%

⁽¹⁾ estimated

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 2

Regions Financial Corporation and Subsidiaries

Consolidated Balance Sheets

(Unaudited)

($ amounts in millions)
	12/31/10			9/30/10			6/30/10			3/31/10			12/31/09
Assets:
Cash and due from banks	$	1,643		$	1,898		$	2,097		$	2,252		$	2,052
Interest-bearing deposits in other banks		4,880			3,852			4,562			4,295			5,580
Federal funds sold and securities purchased under agreements to resell		396			1,137			752			324			379
Trading account assets		1,116			1,580			1,261			1,238			3,039
Securities available for sale		23,289			23,555			24,166			24,219			24,069
Securities held to maturity		24			26			28			30			31
Loans held for sale		1,485			1,587			1,162			1,048			1,511
Loans, net of unearned income		82,864			84,420			85,945			88,174			90,674
Allowance for loan losses		(3,185	)		(3,185	)		(3,185	)		(3,184	)		(3,114	)
Net loans		79,679			81,235			82,760			84,990			87,560
Other interest-earning assets		1,219			1,043			1,082			819			734
Premises and equipment, net		2,569			2,564			2,588			2,637			2,668
Interest receivable		421			512			466			503			468
Goodwill		5,561			5,561			5,561			5,559			5,557
Mortgage servicing rights (MSRs)		267			204			220			270			247
Other identifiable intangible assets		385			414			443			472			503
Other assets		9,417			8,330			8,192			8,574			7,920
Total Assets	$	132,351		$	133,498		$	135,340		$	137,230		$	142,318
Liabilities and Stockholders’ Equity:
Deposits:
Non-interest-bearing	$	25,733		$	25,300		$	22,993		$	23,391		$	23,204
Interest-bearing		68,881			69,678			73,257			74,941			75,476
Total deposits		94,614			94,978			96,250			98,332			98,680
Borrowed funds:
Short-term borrowings:
Federal funds purchased and securities sold under agreements to repurchase		2,716			2,451			1,929			1,687			1,893
Other short-term borrowings		1,221			1,210			1,035			997			1,775
Total short-term borrowings		3,937			3,661			2,964			2,684			3,668
Long-term borrowings		13,190			14,335			15,415			15,683			18,464
Total borrowed funds		17,127			17,996			18,379			18,367			22,132
Other liabilities		3,876			3,361			3,248			2,893			3,625
Total Liabilities		115,617			116,335			117,877			119,592			124,437
Stockholders’ equity:
Preferred stock, Series A		3,380			3,370			3,360			3,351			3,343
Preferred stock, Series B		—			—			—			259			259
Common stock		13			13			13			12			12
Additional paid-in capital		19,050			19,047			19,038			18,781			18,781
Retained earnings (deficit)		(4,047	)		(4,070	)		(3,849	)		(3,502	)		(3,235	)
Treasury stock, at cost		(1,402	)		(1,405	)		(1,405	)		(1,407	)		(1,409	)
Accumulated other comprehensive income (loss), net		(260	)		208			306			144			130
Total Stockholders’ Equity		16,734			17,163			17,463			17,638			17,881
Total Liabilities and Stockholders’ Equity	$	132,351		$	133,498		$	135,340		$	137,230		$	142,318

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 3

Regions Financial Corporation and Subsidiaries

Consolidated Statements of Operations

(Unaudited)

($ amounts in millions, except per share data)	Quarter Ended
	12/31/10		9/30/10			6/30/10			3/31/10			12/31/09
Interest income on:
Loans, including fees	$	911	$	919		$	930		$	945		$	981
Securities:
Taxable		193		214			224			242			256
Tax-exempt		—		—			—			1			1
Total securities		193		214			224			243			257
Loans held for sale		12		10			9			8			12
Federal funds sold and securities purchased under agreements to resell		1		1			1			—			1
Trading account assets		12		8			9			12			30
Other interest-earning assets		7		6			7			7			7
Total interest income		1,136		1,158			1,180			1,215			1,288
Interest expense on:
Deposits		152		167			194			242			280
Short-term borrowings		2		3			2			3			9
Long-term borrowings		105		120			128			139			149
Total interest expense		259		290			324			384			438
Net interest income		877		868			856			831			850
Provision for loan losses		682		760			651			770			1,179
Net interest income (loss) after provision for loan losses		195		108			205			61			(329	)
Non-interest income:
Service charges on deposit accounts		290		294			302			288			299
Brokerage, investment banking and capital markets		312		257			254			236			257
Mortgage income		51		66			63			67			46
Trust department income		50		49			49			48			48
Securities gains (losses), net		333		2			—			59			(96	)
Other		177		82			88			114			164
Total non-interest income		1,213		750			756			812			718
Non-interest expense:
Salaries and employee benefits		601		582			560			575			566
Net occupancy expense		108		110			110			120			114
Furniture and equipment expense		76		75			79			74			74
Other-than-temporary impairments		—		1			—			1			—
Regulatory charge		—		—			200			—			—
Other		481		395			377			460			465
Total non-interest expense		1,266		1,163			1,326			1,230			1,219
Income (loss) before income taxes		142		(305	)		(365	)		(357	)		(830	)
Income tax expense (benefit)		53		(150	)		(88	)		(161	)		(287	)
Net income (loss)	$	89	$	(155	)	$	(277	)	$	(196	)	$	(543	)
Net income (loss) available to common shareholders	$	36	$	(209	)	$	(335	)	$	(255	)	$	(606	)
Weighted-average shares outstanding-during quarter:
Basic		1,257		1,257			1,200			1,194			1,191
Diluted		1,259		1,257			1,200			1,194			1,191
Actual shares outstanding-end of quarter		1,256		1,256			1,256			1,192			1,193
Earnings (loss) per common share (1):
Basic	$	0.03	$	(0.17	)	$	(0.28	)	$	(0.21	)	$	(0.51	)
Diluted	$	0.03	$	(0.17	)	$	(0.28	)	$	(0.21	)	$	(0.51	)
Cash dividends declared per common share	$	0.01	$	0.01		$	0.01		$	0.01		$	0.01
Taxable-equivalent net interest income from continuing operations	$	886	$	876		$	863		$	839		$	857

(1) Includes preferred stock dividends.

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FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 4

Regions Financial Corporation and Subsidiaries

Consolidated Statements of Operations

(Unaudited)

($ amounts in millions, except per share data)	Twelve Months Ended December 31
	2010			2009
Interest income on:
Loans, including fees	$	3,705		$	4,199
Securities:
Taxable		873			966
Tax-exempt		1			19
Total securities		874			985
Loans held for sale		39			55
Federal funds sold and securities purchased under agreements to resell		3			3
Trading account assets		41			62
Other interest-earning assets		27			28
Total interest income		4,689			5,332
Interest expense on:
Deposits		755			1,277
Short-term borrowings		10			54
Long-term borrowings		492			666
Total interest expense		1,257			1,997
Net interest income		3,432			3,335
Provision for loan losses		2,863			3,541
Net interest income (loss) after provision for loan losses		569			(206	)
Non-interest income:
Service charges on deposit accounts		1,174			1,156
Brokerage, investment banking and capital markets		1,059			989
Mortgage income		247			259
Trust department income		196			191
Securities gains, net		394			69
Other		461			1,091
Total non-interest income		3,531			3,755
Non-interest expense:
Salaries and employee benefits		2,318			2,269
Net occupancy expense		448			454
Furniture and equipment expense		304			311
Other-than-temporary impairments (1)		2			75
Regulatory charge		200			—
Other		1,713			1,642
Total non-interest expense (2)		4,985			4,751
Income (loss) before income taxes		(885	)		(1,202	)
Income tax benefit		(346	)		(171	)
Net income (loss)		(539	)		(1,031	)
Net income (loss) available to common shareholders		($763	)		($1,261	)
Weighted-average shares outstanding-year-to-date:
Basic		1,227			989
Diluted		1,227			989
Actual shares outstanding-end of period		1,256			1,193
Earnings (loss) per common share (3):
Basic	$	(0.62	)	$	(1.27	)
Diluted	$	(0.62	)	$	(1.27	)
Cash dividends declared per common share	$	0.04		$	0.13
Taxable equivalent net interest income from continuing operations	$	3,464		$	3,367

(1) Includes $266 million of gross charges, net of $191 million noncredit related portion recognized in other comprehensive income (loss), in 2009. The corresponding 2010 amounts are immaterial.

(2) The securities for which noncredit other-than-temporary impairments were taken in 2Q09 were sold in 4Q09. Realized losses on the sales are reported with securities gains (losses), net.

(3) Includes preferred stock dividends.

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 5

Regions Financial Corporation and Subsidiaries

Consolidated Average Daily Balances and Yield/Rate Analysis

	Quarter Ended
	12/31/10								9/30/10								6/30/10								3/31/10								12/31/09
($ amounts in millions; yields on taxable-equivalent basis)	Average Balance			Income/ Expense		Yield/ Rate			Average Balance			Income/ Expense		Yield/ Rate			Average Balance			Income/ Expense		Yield/ Rate			Average Balance			Income/ Expense		Yield/ Rate			Average Balance			Income/ Expense		Yield/ Rate
Assets
Interest-earning assets:
Federal funds sold and securities purchased under agreements to resell	$	952		$	1		0.42	%	$	1,096		$	1		0.36	%	$	345		$	1		1.16	%	$	373		$	—		—	%	$	364		$	1		1.09	%
Trading account assets		1,255			13		4.11			1,214			9		2.94			1,186			9		3.04			1,288			13		4.09			2,827			31		4.35
Securities:
Taxable		23,878			193		3.21			23,863			214		3.56			23,862			224		3.77			23,811			242		4.12			23,061			256		4.40
Tax-exempt		47			—		—			39			—		—			41			—		—			51			1		7.95			135			2		5.88
Loans held for sale		1,486			12		3.20			1,213			10		3.27			1,031			9		3.50			1,392			8		2.33			1,494			12		3.19
Loans, net of unearned income		84,108			920		4.34			85,616			926		4.29			87,266			936		4.30			89,723			952		4.30			91,766			986		4.26
Other interest-earning assets		5,188			6		0.46			4,308			6		0.55			6,745			8		0.48			5,973			7		0.48			5,566			7		0.50
Total interest-earning assets		116,914			1,145		3.89			117,349			1,166		3.94			120,476			1,187		3.95			122,611			1,223		4.04			125,213			1,295		4.10
Allowance for loan losses		(3,164	)							(3,223	)							(3,215	)							(3,144	)							(2,772	)
Cash and due from banks		2,069								2,059								2,112								2,181								2,206
Other non-earning assets		17,515								17,544								17,912								17,917								16,486
	$	133,334							$	133,729							$	137,285							$	139,565							$	141,133
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Savings accounts	$	4,622			1		0.09		$	4,517			1		0.09		$	4,478			1		0.09		$	4,215			1		0.10		$	4,064			1		0.10
Interest-bearing transaction accounts		12,690			6		0.19			13,606			7		0.20			15,651			8		0.21			15,709			11		0.28			14,279			11		0.31
Money market accounts		28,273			23		0.32			28,088			22		0.31			27,302			32		0.47			25,715			40		0.63			23,808			38		0.63
Time deposits		23,369			122		2.07			25,161			137		2.16			26,933			153		2.28			29,779			190		2.59			32,046			230		2.85
Total interest-bearing deposits (1)		68,954			152		0.87			71,372			167		0.93			74,364			194		1.05			75,418			242		1.30			74,197			280		1.50
Federal funds purchased and securities sold under agreements to repurchase		3,162			—		—			2,176			1		0.18			1,798			1		0.22			1,989			1		0.20			3,089			5		0.64
Other short-term borrowings		1,056			2		0.75			866			2		0.92			847			1		0.47			1,086			2		0.75			1,849			4		0.86
Long-term borrowings		14,006			105		2.97			14,878			120		3.20			15,933			128		3.22			17,417			139		3.24			18,326			149		3.23
Total interest-bearing liabilities		87,178			259		1.18			89,292			290		1.29			92,942			324		1.40			95,910			384		1.62			97,461			438		1.78
Net interest spread							2.71								2.65								2.55								2.42								2.32
Non-interest-bearing deposits (1)		25,688								23,706								23,688								22,817								22,149
Other liabilities		3,422								3,349								3,063								3,040								3,275
Stockholders’ equity		17,046								17,382								17,592								17,798								18,248
	$	133,334							$	133,729							$	137,285							$	139,565							$	141,133
Net interest income/margin FTE basis				$	886		3.00	%				$	876		2.96	%				$	863		2.87	%				$	839		2.77	%				$	857		2.72	%

(1) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest bearing deposits. The rates for total deposit costs equal 0.64%, 0.70%, 0.79%, 1.00% and 1.15% for the quarters ended December 31, 2010, September 30, 2010, June 30, 2010, March 31, 2010 and December 31, 2009, respectively.

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 6

Regions Financial Corporation and Subsidiaries

Consolidated Average Daily Balances and Yield/Rate Analysis

	Twelve Months Ended December 31
	2010								2009
($ amounts in millions; yields on taxable equivalent basis)	Average Balance			Revenue/ Expense		Yield/ Rate			Average Balance			Revenue/ Expense		Yield/ Rate
Assets
Interest-earning assets:
Federal funds sold and securities purchased under agreements to resell	$	694		$	3		0.43	%	$	503		$	3		0.60	%
Trading account assets		1,236			44		3.56			1,599			65		4.07
Securities:
Taxable		23,854			873		3.66			20,221			966		4.78
Tax-exempt		44			1		2.27			460			29		6.30
Loans held for sale		1,281			39		3.04			1,655			55		3.32
Loans, net of unearned income		86,660			3,734		4.31			94,523			4,218		4.46
Other earning assets		5,548			27		0.49			6,927			28		0.40
Total interest-earning assets		119,317			4,721		3.96			125,888			5,364		4.26
Allowance for loan losses		(3,187	)							(2,240	)
Cash and due from banks		2,105								2,245
Other non-earning assets		17,720								16,866
	$	135,955							$	142,759
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Savings accounts	$	4,459			4		0.09		$	3,984			5		0.13
Interest-bearing transaction accounts		14,404			32		0.22			14,347			40		0.28
Money market accounts		27,354			117		0.43			22,573			184		0.82
Time deposits		26,290			602		2.29			32,739			1,047		3.20
Other		—			—		—			312			1		0.32
Total interest-bearing deposits (1)		72,507			755		1.04			73,955			1,277		1.73
Federal funds purchased and securities sold under agreements to repurchase		2,284			3		0.13			3,166			12		0.38
Other short-term borrowings		963			7		0.73			5,229			42		0.80
Long-term borrowings		15,547			492		3.16			18,588			666		3.58
Total interest-bearing liabilities		91,301			1,257		1.38			100,938			1,997		1.98
Net interest spread							2.58								2.28
Non-interest bearing deposits (1)		23,982								20,657
Other liabilities		3,228								3,391
Stockholders’ equity		17,444								17,773
	$	135,955							$	142,759
Net interest income/margin FTE basis				$	3,464		2.90	%				$	3,367		2.67	%

(1) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest bearing deposits.

The rates for total deposit costs equal 0.78% and 1.35% for the twelve months ended December 31, 2010 and 2009, respectively.

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 7

Regions Financial Corporation and Subsidiaries

Selected Ratios

	As of and for Quarter Ended
	12/31/10			9/30/10			6/30/10			3/31/10			12/31/09
Return on average assets (non-GAAP)*		0.11	%		(0.62	%)		(0.98	%)		(0.74	%)		(1.70	%)
Return on average assets, excluding regulatory charge (non-GAAP)*		0.11	%		(0.62	%)		(0.40	%)		(0.74	%)		(1.70	%)
Return on average common equity*		1.04	%		(5.91	%)		(9.62	%)		(7.28	%)		(16.40	%)
Return on average tangible common equity (non-GAAP)* (3)		1.78	%		(10.00	%)		(16.36	%)		(12.29	%)		(27.16	%)
Return on average tangible common equity, excluding regulatory charge (non-GAAP)* (3)		1.78	%		(10.00	%)		(6.60	%)		(12.29	%)		(27.16	%)
Efficiency Ratio (non-GAAP) (4)		72.0	%		71.6	%		69.5	%		74.3	%		75.4	%
Common equity per share	$	10.62		$	10.98		$	11.23		$	11.77		$	11.97
Tangible common book value per share (non-GAAP) (3)	$	6.09		$	6.42		$	6.65		$	6.93		$	7.11
Stockholders’ equity to total assets		12.64	%		12.86	%		12.90	%		12.85	%		12.56	%
Tangible common stockholders’ equity to tangible assets (non-GAAP) (3)		6.04	%		6.31	%		6.45	%		6.28	%		6.22	%
Tier 1 Common risk-based ratio (non-GAAP) (1)		7.9	%		7.6	%		7.7	%		7.1	%		7.1	%
Tier 1 Capital (1)		12.4	%		12.1	%		12.0	%		11.7	%		11.5	%
Total Risk-Based Capital (1)		16.4	%		16.0	%		15.9	%		15.8	%		15.8	%
Allowance for credit losses as a percentage of loans, net of unearned income (2)		3.93	%		3.86	%		3.79	%		3.69	%		3.52	%
Allowance for loan losses as a percentage of loans, net of unearned income		3.84	%		3.77	%		3.71	%		3.61	%		3.43	%
Allowance for loan losses to non-performing loans, excluding loans held for sale		1.01x			0.94x			0.92x			0.86x			0.89x
Net interest margin (FTE)		3.00	%		2.96	%		2.87	%		2.77	%		2.72	%
Loans, net of unearned income, to total deposits		87.6	%		88.9	%		89.3	%		89.7	%		91.9	%
Net charge-offs as a percentage of average loans*		3.22	%		3.52	%		2.99	%		3.16	%		2.99	%
Non-performing assets (excluding loans 90 days past due) as a percentage of loans and other real estate		4.70	%		4.98	%		4.94	%		5.15	%		4.83	%
Non-performing assets (including loans 90 days past due) as a percentage of loans and other real estate		5.40	%		5.68	%		5.65	%		5.94	%		5.59	%

* Annualized

(1) Current quarter Tier 1 Common, Tier 1 and Total Risk-Based Capital ratios are estimated

(2) 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

(3) Beginning in 4th quarter 2010, tangible ratios are computed net of deferred tax liabilities associated with intangible assets. See the Reconciliation to GAAP Financial Measures on page 27. Prior periods have been revised to conform with the current presentation.

(4) Efficiency ratio is shown on an operating basis and excludes adjustments as noted on page 26 in the Reconciliation to GAAP Financial Measures schedule

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 8

Loans

Loan Portfolio - Period End Data
($ amounts in millions)	12/31/10		9/30/10		6/30/10		3/31/10		12/31/09		12/31/10 vs. 9/30/10					12/31/10 vs. 12/31/09
Commercial and industrial	$	22,540	$	21,501	$	21,096	$	21,220	$	21,547	$	1,039		4.8	%	$	993		4.6	%
Commercial real estate mortgage - owner-occupied		12,046		11,850		11,967		12,028		12,054		196		1.7	%		(8	)	-0.1	%
Commercial real estate construction - owner-occupied		470		522		547		598		751		(52	)	-10.0	%		(281	)	-37.4	%
Total commercial		35,056		33,873		33,610		33,846		34,352		1,183		3.5	%		704		2.0	%
Commercial investor real estate mortgage		13,621		14,489		15,152		15,702		16,109		(868	)	-6.0	%		(2,488	)	-15.4	%
Commercial investor real estate construction		2,287		2,975		3,778		4,703		5,591		(688	)	-23.1	%		(3,304	)	-59.1	%
Total investor real estate		15,908		17,464		18,930		20,405		21,700		(1,556	)	-8.9	%		(5,792	)	-26.7	%
Residential first mortgage		14,898		15,723		15,567		15,592		15,632		(825	)	-5.2	%		(734	)	-4.7	%
Home equity		14,226		14,534		14,802		15,066		15,381		(308	)	-2.1	%		(1,155	)	-7.5	%
Indirect		1,592		1,657		1,900		2,162		2,452		(65	)	-3.9	%		(860	)	-35.1	%
Other consumer		1,184		1,169		1,136		1,103		1,157		15		1.3	%		27		2.3	%
	$	82,864	$	84,420	$	85,945	$	88,174	$	90,674	$	(1,556	)	-1.8	%	$	(7,810	)	-8.6	%
Loan Portfolio - Average Balances
($ amounts in millions)	4Q10		3Q10		2Q10		1Q10		4Q09		4Q10 vs. 3Q10					4Q10 vs. 4Q09
Commercial and industrial	$	21,956	$	21,313	$	21,109	$	21,429	$	21,570	$	643		3.0	%	$	386		1.8	%
Commercial real estate mortgage - owner-occupied		11,944		11,944		12,005		12,056		12,127		—		0.0	%		(183	)	-1.5	%
Commercial real estate construction - owner-occupied		503		516		563		686		819		(13	)	-2.5	%		(316	)	-38.6	%
Total commercial		34,403		33,773		33,677		34,171		34,516		630		1.9	%		(113	)	-0.3	%
Commercial investor real estate mortgage		14,223		15,090		15,586		16,220		16,292		(867	)	-5.7	%		(2,069	)	-12.7	%
Commercial investor real estate construction		2,649		3,477		4,340		5,071		6,145		(828	)	-23.8	%		(3,496	)	-56.9	%
Total investor real estate		16,872		18,567		19,926		21,291		22,437		(1,695	)	-9.1	%		(5,565	)	-24.8	%
Residential first mortgage		15,620		15,632		15,537		15,567		15,521		(12	)	-0.1	%		99		0.6	%
Home equity		14,389		14,684		14,947		15,237		15,515		(295	)	-2.0	%		(1,126	)	-7.3	%
Indirect		1,606		1,776		2,028		2,310		2,601		(170	)	-9.6	%		(995	)	-38.3	%
Other consumer		1,218		1,184		1,151		1,147		1,176		34		2.9	%		42		3.6	%
	$	84,108	$	85,616	$	87,266	$	89,723	$	91,766	$	(1,508	)	-1.8	%	$	(7,658	)	-8.3	%

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 9

Deposits

Deposit Portfolio - Period End Data
($ amounts in millions)	12/31/10		9/30/10		6/30/10		3/31/10		12/31/09		12/31/10 vs. 9/30/10					12/31/10 vs. 12/31/09
Customer Deposits
Interest-free deposits	$	25,733	$	25,300	$	22,993	$	23,391	$	23,204	$	433		1.7	%	$	2,529		10.9	%
Interest-bearing checking		13,423		12,409		15,148		15,715		15,791		1,014		8.2	%		(2,368	)	-15.0	%
Savings		4,668		4,544		4,475		4,394		4,073		124		2.7	%		595		14.6	%
Money market - domestic		27,420		27,983		26,773		26,196		23,291		(563	)	-2.0	%		4,129		17.7	%
Money market - foreign		569		509		502		635		766		60		11.8	%		(197	)	-25.7	%
Low-cost deposits		71,813		70,745		69,891		70,331		67,125		1,068		1.5	%		4,688		7.0	%
Time deposits		22,784		24,177		26,298		27,939		31,468		(1,393	)	-5.8	%		(8,684	)	-27.6	%
Total customer deposits		94,597		94,922		96,189		98,270		98,593		(325	)	-0.3	%		(3,996	)	-4.1	%
Corporate Treasury Deposits
Time deposits		17		56		61		62		87		(39	)	-69.6	%		(70	)	-80.5	%
Total Deposits	$	94,614	$	94,978	$	96,250	$	98,332	$	98,680	$	(364	)	-0.4	%	$	(4,066	)	-4.1	%
Deposit Portfolio - Average Balances
($ amounts in millions)	4Q10		3Q10		2Q10		1Q10		4Q09		4Q10 vs. 3Q10					4Q10 vs. 4Q09
Customer Deposits
Interest-free deposits	$	25,688	$	23,706	$	23,688	$	22,817	$	22,149	$	1,982		8.4	%	$	3,539		16.0	%
Interest-bearing checking		12,690		13,606		15,651		15,709		14,279		(916	)	-6.7	%		(1,589	)	-11.1	%
Savings		4,622		4,517		4,478		4,215		4,064		105		2.3	%		558		13.7	%
Money market - domestic		27,767		27,574		26,670		24,961		22,956		193		0.7	%		4,811		21.0	%
Money market - foreign		506		514		632		754		852		(8	)	-1.6	%		(346	)	-40.6	%
Low-cost deposits		71,273		69,917		71,119		68,456		64,300		1,356		1.9	%		6,973		10.8	%
Time deposits		23,347		25,100		26,872		29,707		31,961		(1,753	)	-7.0	%		(8,614	)	-27.0	%
Total customer deposits		94,620		95,017		97,991		98,163		96,261		(397	)	-0.4	%		(1,641	)	-1.7	%
Corporate Treasury Deposits
Time deposits		22		61		61		72		85		(39	)	-63.9	%		(63	)	-74.1	%
Total Deposits	$	94,642	$	95,078	$	98,052	$	98,235	$	96,346	$	(436	)	-0.5	%	$	(1,704	)	-1.8	%

FINANCIAL SUPPLEMENT TO

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PAGE 10

Pre-Tax Pre-Provision Net Revenue (“PPNR”) and Adjusted PPNR (non-GAAP)

The table below presents computations of pre-tax pre-provision net revenue excluding certain adjustments (non-GAAP). Regions believes that the exclusion of these adjustments provides a meaningful base for period-to-period comparisons, which management 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 of Regions’ business. It is possible that the activities related to the adjustments may recur; however, management does not consider the activities related to the adjustments to be indications of ongoing operations. Regions believes that presentation of these non-GAAP financial measures will permit investors to assess 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 these 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 stockholders.

($ amounts in millions)	4Q10			3Q10			2Q10		1Q10			4Q09			4Q10 vs. 3Q10					4Q10 vs. 4Q09
Net Interest Income (GAAP)	$	877		$	868		$	856	$	831		$	850		$	9		1.0	%	$	27		3.2	%
Non-Interest Income (GAAP)		1,213			750			756		812			718			463		61.7	%		495		68.9	%
Total Revenue (GAAP)		2,090			1,618			1,612		1,643			1,568			472		29.2	%		522		33.3	%
Non-Interest Expense (GAAP)		1,266			1,163			1,326		1,230			1,219			103		8.9	%		47		3.9	%
Pre-tax Pre-provision Net Revenue (GAAP)	$	824		$	455		$	286	$	413		$	349			369		81.1	%		475		136.1	%
Adjustments:
Regulatory charge, net of tax		—			—			200		—			—			—		NM			—		—
Securities (gains) losses, net		(333	)		(2	)		—		(59	)		96			(331	)	NM			(429	)	-446.9	%
Gain on sale of mortgage loans		(26	)		—			—		—			—			(26	)	NM			(26	)	NM
Leveraged lease termination gains		(59	)		—			—		(19	)		(71	)		(59	)	NM			12		-16.9	%
Loss on extinguishment of debt		55			—			—		53			—			55		NM			55		NM
Securities impairment, net		—			1			—		1			—			(1	)	NM			—		—
Branch consolidation costs (1)		—			—			—		8			12			—		—			(12	)	NM
Total adjustments		(363	)		(1	)		200		(16	)		37			(362	)	NM			(400	)	-1081.1	%
Adjusted PPNR (non-GAAP)	$	461		$	454		$	486	$	397		$	386		$	7		1.5	%	$	75		19.4	%

(1) Includes $7 million of net occupancy expense and $1 million in valuation charges in 1Q10 and $3 million of net occupancy expense, $6 million of salary expense and $3 million in valuation charges in 4Q09.

Categorization of Income (Loss) Related to

Mortgage Servicing Rights (MSRs) (2)

($ amounts in millions)	4Q10			3Q10		2Q10		1Q10		4Q09			4Q10 vs. 3Q10				4Q10 vs. 4Q09
Net interest income (3)	$	—		$	—	$	—	$	3	$	20			—		—		(20	)	NM
Brokerage, investment banking and capital markets (4)		—			—		—		4		5			—		—		(5	)	NM
Mortgage income (loss) (5)		(13	)		2		12		16		(4	)		(15	)	NM		(9	)	NM
	$	(13	)	$	2	$	12	$	23	$	21			(15	)	NM		(34	)	-161.9	%

(2) This table details the impact of changes in valuation of mortgage servicing rights and related hedging instruments on various categories in the consolidated statements of operations.

(3) Interest earned on trading securities used to hedge MSRs.

(4) Mark-to-market impact of trading securities used to hedge MSRs.

(5) Net effect of mark-to-market impact of MSRs and derivatives used to hedge MSRs.

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 11

Non-Interest Income and Expense

Non-Interest Income and Expense
Non-Interest Income
($ amounts in millions)	4Q10		3Q10		2Q10		1Q10		4Q09			4Q10 vs. 3Q10					4Q10 vs. 4Q09
Service charges on deposit accounts	$	290	$	294	$	302	$	288	$	299		$	(4	)	-1.4	%	$	(9	)	-3.0	%
Brokerage, investment banking and capital markets		312		257		254		236		257			55		21.4	%		55		21.4	%
Mortgage income		51		66		63		67		46			(15	)	-22.7	%		5		10.9	%
Trust department income		50		49		49		48		48			1		2.0	%		2		4.2	%
Securities gains (losses), net		333		2		—		59		(96	)		331		NM			429		NM
Insurance income		25		25		26		27		25			—		0.0	%		—		0.0	%
Leveraged lease termination gains		59		—		—		19		71			59		NM			(12	)	-16.9	%
Gain on sale of mortgage loans		26		—		—		—		—			26		NM			26		NM
Other		67		57		62		68		68			10		17.5	%		(1	)	-1.5	%
Total non-interest income	$	1,213	$	750	$	756	$	812	$	718		$	463		61.7	%	$	495		68.9	%
Non-Interest Expense
($ amounts in millions)	4Q10		3Q10		2Q10		1Q10		4Q09			4Q10 vs. 3Q10					4Q10 vs. 4Q09
Salaries and employee benefits	$	601	$	582	$	560	$	575	$	566		$	19		3.3	%	$	35		6.2	%
Net occupancy expense		108		110		110		120		114			(2	)	-1.8	%		(6	)	-5.3	%
Furniture and equipment expense		76		75		79		74		74			1		1.3	%		2		2.7	%
Professional and legal fees		92		71		75		66		108			21		29.6	%		(16	)	-14.8	%
Marketing expense		14		22		18		15		18			(8	)	-36.4	%		(4	)	-22.2	%
Amortization of core deposit intangible		26		27		27		28		29			(1	)	-3.7	%		(3	)	-10.3	%
Other real estate owned expense		61		65		41		42		64			(4	)	-6.2	%		(3	)	-4.7	%
Other-than-temporary impairments, net		—		1		—		1		—			(1	)	NM			—		0.0	%
FDIC premiums		52		51		58		59		54			1		2.0	%		(2	)	-3.7	%
Valuation charges associated with branch consolidations		—		—		—		1		3			—		—			(3	)	NM
Loss on early extinguishment of debt		55		—		—		53		—			55		NM			55		NM
Regulatory charge		—		—		200		—		—			—		—			—		0.0	%
Other		181		159		158		196		189			22		13.8	%		(8	)	-4.2	%
Total non-interest expense	$	1,266	$	1,163	$	1,326	$	1,230	$	1,219		$	103		8.9	%	$	47		3.9	%

• Non-interest income increased $463 million linked quarter; however, on an adjusted basis, after excluding $333 million in securities gains, $26 million gain on sale of mortgage loans and $59 million in leveraged lease termination gains, non-interest revenue increased $47 million or 6% linked quarter

• Service charges income declined $4 million or 1% linked quarter, despite the impact from Regulation E. This quarter reflected solid interchange income due to increased debit card volume and fee-based account growth. The actual impact from Regulation E changes was $57 million, in-line with the previous estimate of between $50 - $60 million for the second half of 2010.

• Brokerage income increased $55 million to $312 million, driven by an increase in investment banking revenue and continued strength in private client revenue

• Mortgage income declined $15 million linked quarter, primarily reflecting the impact of a reduced benefit from mortgage servicing rights and related hedging activities. Origination volumes increased approximately $227 million to $2.6 billion in the fourth quarter and totaled $8.2 billion for the full year.

• Securities gains in 4Q10 reflect the sale of approximately $8.1 billion of agency mortgage-backed securities. The proceeds were reinvested in similar securities with slightly longer durations.

• Non-interest income reflects a $59 million gain recorded as a result of Regions unwinding certain leveraged lease transactions. However, this gain was offset by $56 million in increased tax expense, resulting in a nominal impact to net income.

• Non-interest expenses increased 9% linked quarter, however after adjusting for current quarter’s $55 million loss on early extinguishment of debt, non-interest expenses increased 4% driven by professional and legal fees and revenue-based incentives

• Salaries and benefits expense increased 3% linked quarter, driven by higher incentive-based compensation related to Morgan Keegan

• The Company prepaid approximately $500 million of Federal Home Loan Bank advances, realizing a $55 million loss on the early extinguishment of debt

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 12

Morgan Keegan

Morgan Keegan
Summary Income Statement (1)
($ amounts in millions)	4Q10		3Q10		2Q10			1Q10		4Q09		4Q10 vs. 3Q10					4Q10 vs. 4Q09
Net interest income (3)	$	21	$	15	$	15		$	14	$	14	$	6		40.0	%	$	7		50.0	%
Non-interest income		342		309		292			297		320		33		10.7	%		22		6.9	%
Non-interest expense		320		289		275			272		305		31		10.7	%		15		4.9	%
Regulatory charge		—		—		200			—		—		—		NM			—		NM
Pre-tax Income		43		35		(168	)		39		29		8		22.9	%		14		48.3	%
Income tax expense (benefit)		26		13		12			14		11		13		100.0	%		15		136.4	%
Net income (loss)	$	17	$	22	$	(180	)	$	25	$	18		(5	)	-22.7	%		(1	)	-5.6	%

Breakout of Revenue by Division (2) 

($ amounts in millions)	Private Client			Fixed- Income Capital Markets			Equity Capital Markets			Investment Banking			Regions MK Trust			Asset Management			Interest & Other
Three months ended
December 31, 2010
$ amount of revenue	$	124		$	82		$	15		$	57		$	56		$	3		$	30
% of gross revenue		33.8	%		22.3	%		4.1	%		15.5	%		15.3	%		0.8	%		8.2	%
Three months ended
September 30, 2010
$ amount of revenue	$	119		$	89		$	12		$	32		$	54		$	3		$	19
% of gross revenue		36.3	%		27.1	%		3.7	%		9.8	%		16.5	%		0.9	%		5.7	%
Year Ended
December 31, 2010
$ amount of revenue	$	476		$	322		$	55		$	151		$	211		$	15		$	89
% of gross revenue		36.1	%		24.4	%		4.2	%		11.4	%		16.0	%		1.1	%		6.8	%
Year ended
December 31, 2009
$ amount of revenue	$	415		$	360		$	59		$	104		$	197		$	39		$	108
% of gross revenue		32.4	%		28.1	%		4.6	%		8.1	%		15.4	%		3.0	%		8.4	%

(1) Certain amounts in the prior periods have been reclassified to reflect current period presentation

(2) “Breakout of Revenue by Division” has been adjusted to reflect changes in the company’s reporting structure

(3) Net interest income in the Summary Income Statement is illustrated on a net basis, whereas the Breakout of Revenue by Division, revenue is illustrated on a gross basis. 4Q10, 3Q10, 2Q10, 1Q10 and 4Q09 in the Summary Income Statement exclude $3 million each quarter of gross interest income.

• Morgan Keegan’s Investment Banking division revenue was aided by an improved market for investment banking, particularly in the division’s Technology, Healthcare and Public Finance groups.

• Customer and trust assets under management increased $5.3 billion linked quarter to $157 billion

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 13

Credit Quality

Credit Quality
	As of and for Quarter Ended
($ amounts in millions)	12/31/10			9/30/10			6/30/10			3/31/10			12/31/09
Allowance for credit losses (ACL)	$	3,256		$	3,256		$	3,256		$	3,250		$	3,188
Provision for loan losses		682			760			651			770			1,179
Provision for unfunded credit losses		—			—			5			(8	)		10
Net loans charged-off:*
Commercial and industrial		128			89			87			92			76
Commercial real estate mortgage - owner-occupied		80			64			39			32			38
Commercial real estate construction - owner-occupied		4			3			3			14			9
Total commercial		212			156			129			138			123
Commercial investor real estate mortgage		202			254			203			207			210
Commercial investor real estate construction		99			171			133			150			159
Total investor real estate		301			425			336			357			369
Residential first mortgage		56			58			61			62			55
Home equity		92			102			106			116			113
Indirect		4			3			4			8			10
Other consumer		17			15			15			19			22
Total	$	682		$	759		$	651		$	700		$	692
Net loan charge-offs as a% of average loans, annualized *
Commercial and industrial		2.31	%		1.66	%		1.65	%		1.74	%		1.39	%
Commercial real estate mortgage - owner-occupied		2.64	%		2.12	%		1.28	%		1.09	%		1.26	%
Commercial real estate construction - owner-occupied		3.54	%		1.95	%		2.17	%		8.41	%		4.45	%
Total commercial		2.44	%		1.83	%		1.53	%		1.64	%		1.41	%
Commercial investor real estate mortgage		5.63	%		6.67	%		5.22	%		5.17	%		5.11	%
Commercial investor real estate construction		14.91	%		19.57	%		12.33	%		12.00	%		10.26	%
Total investor real estate		7.09	%		9.09	%		6.77	%		6.80	%		6.52	%
Residential first mortgage		1.42	%		1.48	%		1.58	%		1.63	%		1.40	%
Home equity		2.53	%		2.74	%		2.84	%		3.07	%		2.89	%
Indirect		1.09	%		0.64	%		0.72	%		1.38	%		1.58	%
Other consumer		5.54	%		5.03	%		5.23	%		6.68	%		7.37	%
Total		3.22	%		3.52	%		2.99	%		3.16	%		2.99	%
Non-accrual loans, excluding loans held for sale	$	3,160		$	3,372		$	3,473		$	3,706		$	3,488
Non-performing loans held for sale		304			393			256			256			317
Non-accrual loans, including loans held for sale	$	3,464		$	3,765		$	3,729		$	3,962		$	3,805
Foreclosed properties		454			461			546			610			607
Non-performing assets (NPAs)	$	3,918		$	4,226		$	4,275		$	4,572		$	4,412
Loans past due > 90 days*	$	585		$	593		$	612		$	700		$	688
Commercial loans restructured not included in categories above	$	268		$	173		$	47		$	48		$	25
Consumer loans restructured not included in categories above**	$	1,215		$	1,126		$	1,192		$	1,258		$	1,583
Total restructured loans not included in categories above	$	1,483		$	1,299		$	1,239		$	1,306		$	1,608
Credit Ratios:
ACL/Loans, net		3.93	%		3.86	%		3.79	%		3.69	%		3.52	%
ALL/Loans, net		3.84	%		3.77	%		3.71	%		3.61	%		3.43	%
Allowance for loan losses to non-performing loans, excluding loans held for sale		1.01x			0.94x			0.92x			0.86x			0.89x
NPAs (ex. 90+ past due)/Loans and foreclosed properties		4.70	%		4.98	%		4.94	%		5.15	%		4.83	%
NPAs (inc. 90+ past due)/Loans and foreclosed properties		5.40	%		5.68	%		5.65	%		5.94	%		5.59	%

* See pages 14-17 for loan portfolio (risk view) breakout

** At 12/31/10, 67 percent of consumer loans restructured not included in categories above consist of residential first mortgages.

Allowance for Credit Losses
($ amounts in millions)	Year Ended December 31
	2010			2009
Balance at beginning of year	$	3,188		$	1,900
Net loans charged-off		(2,792	)		(2,253	)
Provision for loan losses		2,863			3,541
Provision for unfunded credit commitments		(3	)		—
Balance at end of period	$	3,256		$	3,188
Components:
Allowance for loan losses	$	3,185		$	3,114
Reserve for unfunded credit commitments		71			74
Allowance for credit losses	$	3,256		$	3,188

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 14

Total Loan Portfolio

	4Q2010					3Q2010					2Q2010					1Q2010					4Q2009
($ millions)	$		% Total			$		% Total			$		% Total			$		% Total			$		% Total
Commercial and Industrial		22,540		27.2	%		21,501		25.5	%		21,096		24.6	%		21,220		24.1	%		21,547		23.8	%
Commercial Real Estate Mortgage - OO		12,046		14.5	%		11,850		14.0	%		11,967		13.9	%		12,028		13.6	%		12,054		13.3	%
Commercial Real Estate Construction - OO		470		0.6	%		522		0.6	%		547		0.6	%		598		0.7	%		751		0.8	%
Total Commercial		35,056		42.3	%		33,873		40.1	%		33,610		39.1	%		33,846		38.4	%		34,352		37.9	%
Commercial Investor Real Estate Mortgage		13,621		16.4	%		14,489		17.2	%		15,152		17.6	%		15,702		17.8	%		16,109		17.8	%
Commercial Investor Real Estate Construction		2,287		2.8	%		2,975		3.5	%		3,778		4.4	%		4,703		5.3	%		5,591		6.2	%
Total Investor Real Estate		15,908		19.2	%		17,464		20.7	%		18,930		22.0	%		20,405		23.1	%		21,700		23.9	%
Residential First Mortgage		14,898		18.0	%		15,723		18.6	%		15,567		18.1	%		15,592		17.7	%		15,632		17.2	%
Home Equity		14,226		17.2	%		14,534		17.2	%		14,802		17.2	%		15,066		17.1	%		15,381		17.0	%
Direct		838		1.0	%		828		1.0	%		799		0.9	%		774		0.9	%		783		0.9	%
Indirect		1,592		1.9	%		1,657		2.0	%		1,900		2.2	%		2,162		2.5	%		2,452		2.7	%
Other Consumer		346		0.4	%		341		0.4	%		337		0.4	%		329		0.4	%		374		0.4	%
Total Consumer		31,900		38.5	%		33,083		39.2	%		33,405		38.9	%		33,923		38.5	%		34,622		38.2	%
Total Loans		82,864		100.0	%		84,420		100.0	%		85,945		100.0	%		88,174		100.0	%		90,674		100.0	%

OO = Owner Occupied

IRE = Investor Real Estate

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Net Charge-Offs

	4Q2010					3Q2010					2Q2010					1Q2010					4Q2009
($ millions)	$		%			$		%			$		%			$		%			$		%
Commercial and Industrial		128		2.31	%		89		1.66	%		87		1.65	%		92		1.74	%		76		1.39	%
Commercial Real Estate Mortgage - OO		80		2.64	%		64		2.12	%		39		1.28	%		32		1.09	%		38		1.26	%
Commercial Real Estate Construction - OO		4		3.54	%		3		1.95	%		3		2.17	%		14		8.41	%		9		4.45	%
Total Commercial		212		2.44	%		156		1.83	%		129		1.53	%		138		1.64	%		123		1.41	%
Commercial Investor Real Estate Mortgage		202		5.63	%		254		6.67	%		203		5.22	%		207		5.17	%		210		5.11	%
Commercial Investor Real Estate Construction		99		14.91	%		171		19.57	%		133		12.33	%		150		12.00	%		159		10.26	%
Total Investor Real Estate		301		7.09	%		425		9.09	%		336		6.77	%		357		6.80	%		369		6.52	%
Residential First Mortgage		56		1.42	%		58		1.48	%		61		1.58	%		62		1.63	%		55		1.40	%
Home Equity		92		2.53	%		102		2.74	%		106		2.84	%		116		3.07	%		113		2.89	%
Direct		3		1.40	%		2		1.18	%		3		1.51	%		4		1.85	%		4		2.07	%
Indirect		4		1.09	%		3		0.64	%		4		0.72	%		8		1.38	%		10		1.58	%
Other Consumer		14		13.93	%		13		13.84	%		12		13.47	%		15		16.90	%		18		18.46	%
Total Consumer		169		2.04	%		178		2.13	%		186		2.22	%		205		2.42	%		200		2.28	%
Total Net Charge-Offs		682		3.22	%		759		3.52	%		651		2.99	%		700		3.16	%		692		2.99	%

OO = Owner Occupied

IRE = Investor Real Estate

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90+ Days Past Due Loans

	4Q2010					3Q2010					2Q2010					1Q2010					4Q2009
($ millions)	$		%			$		%			$		%			$		%			$		%
Commercial and Industrial		9		0.04	%		5		0.03	%		7		0.03	%		24		0.11	%		24		0.11	%
Commercial Real Estate Mortgage - OO		6		0.05	%		6		0.05	%		4		0.04	%		6		0.05	%		16		0.13	%
Commercial Real Estate Construction - OO		1		0.12	%		—		0.00	%		—		0.00	%		—		0.00	%		2		0.24	%
Total Commercial		16		0.05	%		11		0.03	%		11		0.03	%		30		0.09	%		42		0.12	%
Commercial Investor Real Estate Mortgage		5		0.04	%		6		0.04	%		26		0.17	%		42		0.27	%		22		0.14	%
Commercial Investor Real Estate Construction		1		0.04	%		2		0.05	%		4		0.10	%		6		0.14	%		8		0.14	%
Total Investor Real Estate		6		0.04	%		8		0.04	%		30		0.16	%		48		0.24	%		30		0.14	%
Residential First Mortgage		359		2.41	%		369		2.35	%		349		2.24	%		365		2.34	%		361		2.31	%
Home Equity		198		1.39	%		198		1.36	%		215		1.45	%		249		1.65	%		241		1.57	%
Direct		1		0.13	%		2		0.21	%		1		0.14	%		1		0.17	%		2		0.30	%
Indirect		2		0.13	%		2		0.14	%		3		0.12	%		3		0.16	%		6		0.24	%
Other Consumer		3		0.88	%		3		0.79	%		3		0.90	%		4		1.20	%		6		1.34	%
Total Consumer		563		1.76	%		574		1.74	%		571		1.71	%		622		1.83	%		616		1.78	%
Total 90+ Days Past Due Loans		585		0.71	%		593		0.70	%		612		0.71	%		700		0.79	%		688		0.76	%

OO = Owner Occupied

IRE = Investor Real Estate

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Non-Accrual Loans (excludes loans held for sale)

	4Q2010					3Q2010					2Q2010					1Q2010					4Q2009
($ millions)	$		%			$		%			$		%			$		%			$		%
Total Commercial & Industrial		467		2.07	%		502		2.33	%		479		2.27	%		517		2.43	%		427		1.98	%
Total Commercial Real Estate Mortgage - OO		606		5.03	%		616		5.20	%		680		5.68	%		623		5.18	%		560		4.65	%
Total Commercial Real Estate Construction - OO		29		6.19	%		35		6.65	%		37		6.77	%		38		6.47	%		50		6.69	%
Total Commercial		1,102		3.14	%		1,153		3.40	%		1,196		3.56	%		1,178		3.48	%		1,037		3.02	%
Total Commercial Investor Real Estate Mortgage		1,265		9.28	%		1,347		9.30	%		1,286		8.49	%		1,343		8.55	%		1,203		7.47	%
Total Commercial Investor Real Estate Construction		452		19.76	%		561		18.87	%		754		19.94	%		986		20.97	%		1,067		19.07	%
Total Investor Real Estate		1,717		10.79	%		1,908		10.93	%		2,040		10.77	%		2,329		11.41	%		2,270		10.46	%
Residential First Mortgage		285		1.92	%		267		1.70	%		212		1.36	%		199		1.28	%		180		1.15	%
Home Equity		56		0.40	%		44		0.30	%		25		0.17	%		—		0.00	%		1		0.00	%
Direct		—		0.00	%		—		0.00	%		—		0.00	%		—		0.00	%		—		0.00	%
Indirect		—		0.00	%		—		0.00	%		—		0.00	%		—		0.00	%		—		0.00	%
Other Consumer		—		0.00	%		—		0.00	%		—		0.00	%		—		0.00	%		—		0.00	%
Total Consumer		341		1.07	%		311		0.94	%		237		0.71	%		199		0.59	%		181		0.52	%
Total Non-Accrual Loans		3,160		3.81	%		3,372		3.99	%		3,473		4.04	%		3,706		4.20	%		3,488		3.85	%

OO = Owner Occupied

IRE = Investor Real Estate

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FINANCIAL SUPPLEMENT TO

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FINANCIAL SUPPLEMENT TO

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FINANCIAL SUPPLEMENT TO

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Home Equity Lending Net Charge-off Analysis

		4Q10									3Q10									2Q10									1Q10									4Q09
($ in millions)		1st Lien			2nd Lien			Total			1st Lien			2nd Lien			Total			1st Lien			2nd Lien			Total			1st Lien			2nd Lien			Total			1st Lien			2nd Lien			Total
Florida	Net Charge-off%*		2.26	%		6.46	%		4.81	%		2.37	%		6.83	%		5.09	%		3.12	%		7.10	%		5.57	%		2.92	%		7.96	%		6.04	%		3.17	%		7.47	%		5.83	%
	$Losses	$	11.9		$	52.2		$	64.2		$	12.6		$	56.6		$	69.2		$	16.5		$	59.7		$	76.2		$	15.4		$	68.2		$	83.6		$	17.4		$	66.4		$	83.8
	Balance	$	2,074.3		$	3,166.4		$	5,240.7		$	2,090.0		$	3,253.6		$	5,343.6		$	2,098.0		$	3,333.3		$	5,431.3		$	2,126.5		$	3,424.9		$	5,551.4		$	2,169.7		$	3,485.5		$	5,655.2
	Original LTV		65.0	%		75.5	%		71.3	%		65.0	%		75.4	%		71.3	%		65.7	%		76.1	%		72.1	%
All Other States	Net Charge-off %*		0.75	%		1.60	%		1.21	%		0.98	%		1.71	%		1.38	%		0.75	%		1.67	%		1.26	%		0.74	%		1.85	%		1.35	%		0.93	%		1.39	%		1.18	%
	$ Losses	$	7.9		$	19.8		$	27.7		$	10.5		$	21.8		$	32.3		$	8.0		$	21.6		$	29.6		$	7.9		$	24.0		$	31.9		$	10.4		$	18.8		$	29.2
	Balance	$	4,138.7		$	4,846.2		$	8,984.9		$	4,187.6		$	5,002.4		$	9,190.0		$	4,250.3		$	5,120.4		$	9,370.7		$	4,306.0		$	5,208.4		$	9,514.4		$	4,394.8		$	5,330.6		$	9,725.4
	Original LTV		66.8	%		79.2	%		73.4	%		66.9	%		79.2	%		73.5	%		67.7	%		79.8	%		74.2	%
Totals	Net Charge-off %*		1.26	%		3.52	%		2.53	%		1.45	%		3.72	%		2.74	%		1.53	%		3.81	%		2.84	%		1.46	%		4.27	%		3.07	%		1.67	%		3.79	%		2.89	%
	$ Losses	$	19.8		$	72.1		$	91.9		$	23.1		$	78.4		$	101.5		$	24.5		$	81.3		$	105.8		$	23.3		$	92.2		$	115.5		$	27.8		$	85.2		$	113.0
	Balance	$	6,213.0		$	8,012.6		$	14,225.6		$	6,277.6		$	8,256.0		$	14,533.6		$	6,348.3		$	8,453.7		$	14,802.0		$	6,432.5		$	8,633.3		$	15,065.8		$	6,564.5		$	8,816.1		$	15,380.6
	Original LTV		66.2	%		77.7	%		72.6	%

* 22% Florida second lien concentration driving results

* Second lien, Florida net charge-offs represent 57% of 4Q10 net charge-offs but just 22% of outstanding balances.

* Net charge-offs in Florida approximately 4 times non-Florida net charge-off rate

* Current quarter’s origination quality is solid with an average FICO of 777 and an average LTV of 64%; Property value declines driving losses

Notes: * Recoveries are pro-rated based on charge-off 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

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PAGE 23

(in millions)	4Q09		1Q10		2Q10			3Q10			4Q10
Net Charge-offs
IRE Valuation Losses	$	215	$	198	$	142		$	132		$	110
Investor Real Estate (IRE)		55		59		74			73			95
Commercial		107		128		117			143			197
Consumer Real Estate		168		177		167			160			148
Other Consumer		32		28		19			18			21
Net Charge-offs excluding charge-offs from Sales / Transfers to HFS		577		590		519			526			571
Sales/Transfer to HFS		115		110		132			233			111
Total Net Charge-offs	$	692	$	700	$	651		$	759		$	682
Net Loss / (Gain) - HFS Sales		2		6		(9	)		(2	)		(7	)
HFS Write-downs (1)		9		10		5			7			21
OREO expense		65		42		40			65			61
Total Credit Costs	$	768	$	758	$	687		$	829		$	757

⁽¹⁾ Reflects write-downs subsequent to initial move to held for sale and write-downs upon transfer to OREO

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PAGE 24

Gross and Net NPA Migration

($ in millions)	4Q 2009			1Q 2010			2Q 2010			3Q 2010			4Q 2010
Beginning Non-Performing Assets1	$	4,099		$	4,412		$	4,572		$	4,275		$	4,226
Additions	$	1,383		$	1,303		$	865		$	1,410		$	1,021
Payments		(89	)		(127	)		(139	)		(155	)		(208	)
Returned to Accruing Status		(44	)		(55	)		(58	)		(100	)		(140	)
Charge-Offs / OREO Write-Downs		(509	)		(473	)		(458	)		(497	)		(576	)
Net Additions	$	741		$	648		$	210		$	658		$	97
Non-Accrual Asset Sales		(300	)		(386	)		(336	)		(511	)		(309	)
OREO Sales		(128	)		(102	)		(171	)		(196	)		(96	)
Ending Non-Performing Assets1	$	4,412		$	4,572		$	4,275		$	4,226		$	3,918
Change Versus Previous Quarter	$	313		$	160			($297	)		($49	)		($308	)

¹ Includes Loans Held for Sale

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PAGE 25

Additional Financial and Operational Data

	12/31/10		9/30/10		6/30/10		3/31/10		12/31/09
Associate headcount		27,829		27,898		27,895		28,213		28,509
Total branch outlets		1,772		1,774		1,774		1,774		1,895
ATMs		2,148		2,150		2,162		2,198		2,304
Morgan Keegan offices		321		329		325		321		324

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PAGE 26

Reconciliation to GAAP Financial Measures

The table below presents computations of earnings and certain other financial measures excluding regulatory charge (non-GAAP). The regulatory charge is included in financial results presented in accordance with generally accepted accounting principles (GAAP). Regions believes that the exclusion of the regulatory charge in expressing earnings and certain other financial measures, including “earnings (loss) per common share, excluding regulatory charge”, “return on average assets, excluding regulatory charge” and “return on average tangible common stockholders’ equity, excluding regulatory charge” (explained on next page) provides a meaningful base for period-to-period comparisons, which management 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 of Regions’ business, because management does not consider the regulatory charge to be relevant to ongoing operating results. Management and the Board of Directors utilize these non-GAAP financial measures for the following purposes: preparation of Regions’ operating budgets; monthly financial performance reporting; monthly close-out “flash” reporting of consolidated results (management only); and presentations to investors of company performance. Regions believes that 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 financial measures have inherent limitations, are not required to be uniformly applied and are not audited. To mitigate these limitations, Regions has policies and procedures in place to identify and address expenses that qualify for non-GAAP presentation, including authorization and system controls to ensure accurate period to period comparisons. Although these 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 the regulatory charge does not represent the amount that effectively accrues directly to stockholders (i.e. the regulatory charge is a reduction in earnings and stockholders’ equity).

		As of and for Quarter Ended
		12/31/10			09/30/10			06/30/10			03/31/10			12/31/09
($ amounts in millions, except per share data)
Income (loss):
Net income (loss) (GAAP)		$	89		$	(155	)	$	(277	)	$	(196	)	$	(543	)
Preferred dividends and accretion (GAAP)			(53	)		(54	)		(58	)		(59	)		(63	)
Net income (loss) available to common shareholders (GAAP)	A	$	36		$	(209	)	$	(335	)	$	(255	)	$	(606	)
Net income (loss) available to common shareholders (GAAP)		$	36		$	(209	)	$	(335	)	$	(255	)	$	(606	)
Regulatory charge, net of tax			—			—			200			—			—
Net income (loss) available to common shareholders, excluding regulatory charge (non-GAAP)	B	$	36		$	(209	)	$	(135	)	$	(255	)	$	(606	)
Weighted-average diluted shares	C		1,259			1,257			1,200			1,194			1,191
Earnings (loss) per common share - diluted (GAAP)	A/C		0.03			(0.17	)		(0.28	)		(0.21	)		(0.51	)
Earnings (loss) per common share, excluding regulatory charge - diluted (non-GAAP)	B/C		0.03			(0.17	)		(0.11	)		(0.21	)		(0.51	)

The table below presents computations of the efficiency ratio (non-GAAP), which is a measure of productivity, generally calculated as non-interest expense divided by total revenue. Management uses the efficiency ratio to monitor performance and believes this measure provides meaningful information to investors. Non-interest expense (GAAP) is presented excluding certain adjustments to arrive at adjusted non-interest expense (non-GAAP), which is the numerator for the efficiency ratio. Net interest income on a fully taxable-equivalent basis (GAAP) and non-interest income (GAAP) are added together to arrive at total revenue (GAAP). Adjustments are made to arrive at adjusted total revenue (non-GAAP), which is the denominator for the efficiency ratio. Regions believes that the exclusion of these adjustments provides a meaningful base for period-to-period comparisons, which management 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 of Regions’ business. It is possible that the activities related to the adjustments may recur; however, management does not consider the activities related to the adjustments to be indications of ongoing operations. Regions believes that presentation of these non-GAAP financial measures will permit investors to assess the performance of the Company on the same basis as that applied by management.

		As of and for Quarter Ended
		12/31/10			09/30/10			06/30/10			03/31/10			12/31/09
($ amounts in millions)
Non-interest expense (GAAP)		$	1,266		$	1,163		$	1,326		$	1,230		$	1,219
Adjustments:
Regulatory charge, net of tax			—			—			(200	)		—			—
Loss on extinguishment of debt			(55	)		—			—			(53	)		—
Securities impairment, net			—			(1	)		—			(1	)		—
Branch consolidation costs			—			—			—			(8	)		(12	)
Adjusted non-interest expense (non-GAAP)	D	$	1,211		$	1,162		$	1,126		$	1,168		$	1,207
Net interest income, taxable-equivalent basis (GAAP)		$	886		$	876		$	863		$	839		$	857
Non-interest income (GAAP)			1,213			750			756			812			718
Adjustments:
Securities (gains) losses, net			(333	)		(2	)		—			(59	)		96
Leveraged lease termination gains			(59	)		—			—			(19	)		(71	)
Gain on sale of mortgage loans			(26	)		—			—			—			—
Adjusted non-interest income (non-GAAP)			795			748			756			734			743
Adjusted total revenue (non-GAAP)	E	$	1,681		$	1,624		$	1,619		$	1,573		$	1,600
Efficiency ratio (non-GAAP)	D/E		72.0	%		71.6	%		69.5	%		74.3	%		75.4	%

FINANCIAL SUPPLEMENT TO

FOURTH QUARTER 2010 EARNINGS RELEASE

PAGE 27

Reconciliation to GAAP Financial Measures

The following tables also provide calculations of “return on average tangible common stockholders’ equity”, end of period “tangible common stockholders’ equity” ratios and a reconciliation of stockholders’ equity (GAAP) to Tier 1 capital (regulatory) and to “Tier 1 common equity” (non-GAAP). Tangible common stockholders’ equity ratios have become a focus of some investors and management believes they may assist investors in analyzing the capital position of the Company absent the effects of intangible assets and preferred stock. Traditionally, the Federal Reserve and other banking regulatory bodies have assessed a bank’s capital adequacy based on Tier 1 capital, the calculation of which is codified in federal banking regulations. In connection with the Supervisory Capital Assessment Program (“SCAP”), these regulators began supplementing their assessment of the capital adequacy of a bank based on a variation of Tier 1 capital, known as Tier 1 common equity. While not codified, analysts and banking regulators have assessed Regions’ capital adequacy using the tangible common stockholders’ equity and/or the Tier 1 common equity measure. Because tangible common stockholders’ and Tier 1 common equity are not formally defined by GAAP or codified in the federal banking regulations, these measures are considered to be non-GAAP financial measures and other entities may calculate them differently than Regions’ disclosed calculations. Since analysts and banking regulators may assess Regions’ capital adequacy using tangible common stockholders’ equity and Tier 1 common equity, we believe that it is useful to provide investors the ability to assess Regions’ capital adequacy on these same bases.

Tier 1 common equity is often expressed as a percentage of risk-weighted assets. Under the risk-based capital framework, a company’s balance sheet assets and credit equivalent amounts of off-balance sheet items are assigned to one of four broad risk categories. The aggregated dollar amount in each category is then multiplied by the risk-weighted category. The resulting weighted values from each of the four categories are added together and this sum is the risk-weighted assets total that, as adjusted, comprises the denominator of certain risk-based capital ratios. Tier 1 capital is then divided by this denominator (risk-weighted assets) to determine the Tier 1 capital ratio. Adjustments are made to Tier 1 capital to arrive at Tier 1 common equity. Tier 1 common equity is also divided by the risk-weighted assets to determine the Tier 1 common equity ratio. The amounts disclosed as risk-weighted assets are calculated consistent with banking regulatory requirements.

		As of and for Quarter Ended
		12/31/10			09/30/10			06/30/10			03/31/10			12/31/09
($ amounts in millions, except per share data)
RETURN ON AVERAGE ASSETS
Average assets (GAAP)	F	$	133,334		$	133,729		$	137,285		$	139,565		$	141,133
Return on average assets (GAAP) (1)	A/F		0.11	%		-0.62	%		-0.98	%		-0.74	%		-1.70	%
Return on average assets, excluding regulatory charge (non-GAAP) (1)	B/F		0.11	%		-0.62	%		-0.40	%		-0.74	%		-1.70	%
RETURN ON AVERAGE TANGIBLE COMMON STOCKHOLDERS’ EQUITY (3)
Average stockholders’ equity (GAAP)		$	17,046		$	17,382		$	17,559		$	17,798		$	18,248
Less: Average intangible assets (GAAP)			5,961			5,989			6,019			6,046			6,077
Deferred tax liability related to intangibles (GAAP)			(243	)		(250	)		(257	)		(265	)		(272	)
Average preferred equity (GAAP)			3,374			3,364			3,576			3,605			3,606
Average tangible common stockholders’ equity (non-GAAP)	G	$	7,954		$	8,279		$	8,221		$	8,412		$	8,837
Return on average tangible common stockholders’ equity (GAAP) (1)	A/G		1.78	%		-10.00	%		-16.36	%		-12.29	%		-27.16	%
Return on average tangible common stockholders’ equity, excluding regulatory charge (non-GAAP) (1)	B/G		1.78	%		-10.00	%		-6.60	%		-12.29	%		-27.16	%
TANGIBLE COMMON RATIOS (3)
Stockholders’ equity (GAAP)		$	16,734		$	17,163		$	17,463		$	17,638		$	17,881
Less: Intangible assets (GAAP)			5,946			5,975			6,004			6,031			6,060
Deferred tax liability related to intangibles (GAAP)			(240	)		(246	)		(253	)		(261	)		(269	)
Preferred equity (GAAP)			3,380			3,370			3,360			3,610			3,602
Tangible common stockholders’ equity (non-GAAP)	H	$	7,648		$	8,064		$	8,352		$	8,258		$	8,488
Total assets (GAAP)		$	132,351		$	133,498		$	135,340		$	137,230		$	142,318
Less: Intangible assets (GAAP)			5,946			5,975			6,004			6,031			6,060
Deferred tax liability related to intangibles (GAAP)			(240	)		(246	)		(253	)		(261	)		(269	)
Tangible assets (non-GAAP)	I	$	126,645		$	127,769		$	129,589		$	131,460		$	136,527
Shares outstanding-end of quarter	J		1,256			1,256			1,256			1,192			1,193
Tangible common stockholders’ equity to tangible assets (non-GAAP)	H/I		6.04	%		6.31	%		6.45	%		6.28	%		6.22	%
Tangible common book value per share (non-GAAP)	H/J	$	6.09		$	6.42		$	6.65		$	6.93		$	7.11
TIER 1 COMMON RISK-BASED RATIO (2)
Stockholders’ equity (GAAP)		$	16,734		$	17,163		$	17,463		$	17,638		$	17,881
Accumulated other comprehensive (income) loss			260			(208	)		(306	)		(144	)		(130	)
Non-qualifying goodwill and intangibles			(5,706	)		(5,729	)		(5,752	)		(5,771	)		(5,792	)
Disallowed deferred tax assets			(416	)		(427	)		(443	)		(932	)		(947	)
Disallowed servicing assets			(27	)		(20	)		(22	)		(27	)		(25	)
Qualifying non-controlling interests			92			92			92			91			91
Qualifying trust preferred securities			846			846			846			846			846
Tier 1 capital (regulatory)		$	11,783		$	11,717		$	11,878		$	11,701		$	11,924
Qualifying non-controlling interests			(92	)		(92	)		(92	)		(91	)		(91	)
Qualifying trust preferred securities			(846	)		(846	)		(846	)		(846	)		(846	)
Preferred stock			(3,380	)		(3,370	)		(3,360	)		(3,610	)		(3,602	)
Tier 1 common equity (non-GAAP)	K	$	7,465		$	7,409		$	7,580		$	7,154		$	7,385
Risk-weighted assets (regulatory)	L		94,913			97,088			98,653			100,323			103,330
Tier 1 common risk-based ratio (non-GAAP)	K/L		7.9	%		7.6	%		7.7	%		7.1	%		7.1	%

(1) Income statement amounts have been annualized in calculation

(2) Current quarter amount and the resulting ratio is estimated

(3) Beginning in 4th quarter 2010, tangible ratios are computed net of deferred tax liabilities associated with intangible assets. Prior periods have been revised to conform with the current presentation.

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2010 EARNINGS RELEASE

PAGE 28

Forward-Looking Statements

This supplement 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:

• The Dodd-Frank Wall Street Reform and Consumer Protection Act became law on July 21, 2010 and a number of legislative, regulatory and tax proposals remain pending. Additionally, the U.S. Treasury and federal banking regulators continue to implement, but are also beginning to wind down, a number of programs to address capital and liquidity issues in the banking system. All of the foregoing 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 including restrictions on Regions’ ability to attract and retain talented executives and associates.

• 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 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, including any prolonging or worsening of the current unfavorable economic conditions, including unemployment levels.

• 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 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 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 which is impacted by inherent uncertainties in forecasting credit losses.

• The cost and other effects of material contingencies, including litigation contingencies and any adverse judicial, administrative or arbitral rulings or proceedings.

• 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 floods, droughts and hurricanes and the effects of the Gulf of Mexico oil spill.

• Possible downgrades in ratings issued by rating agencies

• Potential dilution of holders of shares of Regions’ common stock resulting from the U.S. Treasury’s investment in TARP.

• Possible changes in the speed of loan prepayments by Regions’ customers and loan origination or sales volumes.

• Possible acceleration of prepayments on mortgage-backed securities due to low interest rates and the related acceleration of premium amortization on those securities.

• The effects of problems encountered by larger or similar financial institutions that adversely affect Regions or the banking industry generally.

• Regions’ ability to receive dividends from its subsidiaries.

• The effects of the failure of any component of Regions’ business infrastructure which is provided by a third party.

• Changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

• The effects of any damage to Regions’ reputation resulting from developments related to any of the items identified above.

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. We assume no obligation to update or revise any forward-looking statements that are made from time to time.

The foregoing list of factors is not exhaustive; for discussion of these and other risks that may cause actual results to differ from expectations, 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 Quarterly Reports on Forms 10-Q for the quarter ended September 30, 2010,

June 30, 2010 and March 31, 2010, as on file with the Securities and Exchange Commission.

Regions’ Investor Relations contact is List Underwood at (205) 801-0265; Regions’ Media contact is Tim Deighton at (205) 264-4551

EX-99.3

Regions Financial

4

th

Quarter Earnings Conference Call

January 25, 2011

Exhibit 99.3

›Forward-Looking Statements

2

Summary of Fourth Quarter 2010 Results

Earnings Highlights

›

Credit trends are improving

›

Non-performing loans, excluding loans HFS,

declined $212 million to $3.2 billion

›

Loan loss provision of $682 million; provision

essentially equaled net charge-offs

Credit Update

($ in millions)

4Q09

3Q10

4Q10

Non-performing loans *

$  3,488

$  3,372

$  3,160

Net Charge Offs

$  692

$  759

$  682

Provision Build

$  487

$  1

$  -

Loan Loss Provision

$  1,179

$  760

$  682

Note: Amounts exclude non-core items impacting the current and prior quarters

* Non –

GAAP; Refer to Financial Supplement for adjustments to PPNR

($ in millions)

4Q09

3Q10

4Q10

Net Interest Income

$  850

$  868

$  877

Adjusted Non-Interest Revenue*

$  743

$  748

$  795

Adjusted Non-Interest Expense*

$  1,207

$  1,162

$  1,211

Adjusted PPNR*

$  386

$  454

$  461

EPS

($0.51)

($0.17)

$0.03

›

Earnings per diluted share of $0.03

›

Adjusted Pre-tax Pre-provision Net Revenue

(“PPNR”) of $461 million; compared to 3Q10:

›

Net interest income increased $9 million and

net interest margin expanded 4 bps to 3.00%

›

Adjusted

non-interest

revenues

increased $47

million or 6% reflecting strong revenue at

Morgan Keegan

›

Adjusted non-interest expenses increased

$49 million or 4% primarily due to higher

professional and legal fees and Morgan

Keegan incentive-based compensation

1

*Excluding loans held for sale

Non-Performing Loan Inflows Decline

2

Non-performing Asset Levels Decline

›

Non-performing loans declined $212 million

›

Non-performing assets declined $308 million from third quarter

›

For the full year non-performing assets declined $494 million

3

Loan Charge-Offs and Allowance

(1) Loan charge-offs related Sales / Transfer to Held for Sale

(2) Excludes loans held for sale

4

Commercial and Industrial Growing;

Investor Real Estate Reflects De-risking Efforts

›

Specialty Lending Groups

›

Small Business Focus

›

Growth in C&I  more broadly distributed across market and in more industries than the

3

rd

quarter

›

Investor Real Estate declined $1.6 billion; down close to $6 billion year-over-year

›

Targeting Specific Areas for Growth:

›

Direct Consumer 

›

Underserved Banking Segment

($ in millions)

9/30/2010

12/31/2010

$ Change

% Change

Commercial & Industrial

21,501

$   

22,540

$    

1,039

$    

5%

Commercial Real Estate - Owner-Occupied

12,372

12,516

144

1%

Investor Real Estate

17,464

15,908

(1,556)

-9%

Residential First Mortgage

15,723

14,898

(825)

-5%

Home Equity

14,534

14,226

(308)

-2%

Other consumer

2,826

2,776

(50)

-2%

Total Loans

84,420

$   

82,864

$    

(1,556)

$   

-2%

Ending Balances

5

Decline in Deposit Costs Driven by Changing

Deposit Mix

›

As anticipated, our improving cost structure impacted overall deposit balances

›

Deposit costs declined 6 bps linked quarter; down 51 bps year-over-year

›

Total funding costs declined 11 bps linked quarter to 0.91%

($ in millions)

3Q10

Avg Rate

4Q10

Avg Rate

$ Change

% Change

Low Cost Deposits

69,917

$          

0.17%

71,273

$    

0.17%

1,356

$       

2%

Time Deposits

25,100

2.16%

23,347

2.07%

(1,753)

-7%

Customer Deposits

95,017

0.70%

94,620

0.64%

(397)

0%

Corporate Treasury Deposits

61

1.30%

22

3.61%

(39)

-64%

Total Deposits

95,078

$          

0.70%

94,642

$    

0.64%

(436)

$         

0%

($ in millions)

9/30/2010

Deposit Mix %

12/31/2010

Deposit Mix %

$ Change

% Change

Low Cost Deposits

70,745

$          

74%

71,813

$    

76%

1,068

$       

2%

Time Deposits

24,177

26%

22,784

24%

(1,393)

-6%

Customer Deposits

94,922

100%

94,597

100%

(325)

0%

Corporate Treasury Deposits

56

0%

17

0%

(39)

-70%

Total Deposits

94,978

$          

100%

94,614

$    

100%

(364)

$         

0%

Ending Balances and Deposit Mix

Average Balances and Average Rates

6

Decline in Deposit Costs and Improvement in

Loan Yields Drive Net Interest Income Higher

›

Net interest margin climbed

4bps linked quarter; up 28 bps

year-to-date

›

Repricing

opportunities remain

with over $13.5 billion of CD’s

maturing in the next 12

months at an average of

2.05%

›

Loan yields increased 5 bps

linked quarter; improvement

going forward will be driven by

widening loan spreads

›

Excess liquidity impacted

margin 11 bps compared to 8

bps in Q3

7

Solid non-interest revenue; focused expense

management

›

Adjusted non-interest revenue* 6% higher versus prior quarter

›

Increase in interchange income reflects increased debit card volume and fee-

based account growth

›

Morgan Keegan’s revenues were solid reflecting strength in private client and

investment banking revenue

›

Mortgage revenue down due to MSR valuations

›

Adjusted non-interest expenses* 4% higher versus prior quarter

›

Increase in professional and legal fees

›

Increase in Morgan Keegan incentive-based compensation

›

Credit-related costs continue to result in higher non-interest expenses

8

* Non –

GAAP; Refer to  page 26 of the Financial Supplement

Capital Ratios Remain Strong;

Liquidity Profile Solid

(1)

Current Quarter ratios are estimated

(2)

Subject to change as interpretation of Basel III rules is ongoing and dependent on guidance from Basel and

regulators.

›

Solid liquidity at both the bank and holding company

›

Loan-to-deposit ratio of 88 percent

›

Well-positioned with respect to the Liquidity Coverage Ratio

prescribed under Basel III

3Q10

4Q10

(1)

Pro forma for Basel III

4Q10

(2)

Tier 1 Common

7.6%

7.9%

7.6%

Tier 1 Capital

12.1%

12.4%

11.4%

Total Risk-Based Capital

16.0%

16.4%

14.9%

9