Regions Financial (RF) 8-K Regions Reports Second Quarter 2007 Earnings

EXHIBIT 99.2

FINANCIAL SUPPLEMENT TO SECOND QUARTER 2007 EARNINGS RELEASE

Summary

Quarterly earnings of $0.63 per diluted share (GAAP); excluding $0.06 in merger charges, earnings were $0.69 (non-GAAP-see page 17 for additional details)

• Primary drivers of earnings include solid fee income, strong quarter for Morgan Keegan, low credit costs and achieving merger cost saves faster than originally forecasted

• Absent in 2Q07 are earnings related to 52 branches which were divested in 1Q07. These branches contributed approximately $20 million to pre-tax income, or 2 cents per share after-tax, in 1Q07

Excellent merger integration progress, including successful Alabama/Florida branches conversion

• Meeting or exceeding all merger-related goals

• Successfully converted 633 Alabama and Florida branches on July 13 - first and largest of planned branch conversions

• Consolidated 66 branches concurrent with July 13 branch conversion, bringing year-to-date total to 81, or approximately half of planned consolidations

Disciplined balance sheet/capital management

• Commercial lending demand was solid

• Total loan growth pressured by low demand for commercial real estate lending and high home equity payoffs

• Average low-cost deposits, excluding divestitures, increased an annualized 3.8% versus 1Q07 driven by growth in money market balances

• Positively shifted funding mix by using investment securities portfolio cash flows to replace maturing high-cost certificate of deposit balances

• Aggressively repurchasing stock - 19.7 million shares during 2Q07; 34 million shares remain under current authorization

Good fee-based revenue growth

• Non-interest revenues, excluding securities loss, up an annualized 19% linked-quarter

• Record Morgan Keegan earnings of $50.1 million - up $4.6 million linked-quarter

• Service charges increase $13.5 million in 2Q07 despite the loss of fee income from the divested branches

• Sold approximately $1 billion of investment securities at $32.8 million loss; reinvested the majority of proceeds in higher-yielding securities without extending duration

Lower net interest income driven by divested earning assets, margin compression

• Net interest margin dropped to 3.82%, or 17 basis points linked-quarter, with over half of the decline a result of 1Q07’s branch divestitures

• Share repurchases and long-term debt offerings also pressured the 2Q07 margin

• Expect margin compression to slow in second half of 2007

Credit costs remain low

• Net charge-offs of $53.9 million, or an annualized 0.23% of average loans, up 3 bps linked-quarter

• Non-performing assets of $585.0 million, or 0.62% of loans and foreclosed properties at June 30, 2007 versus 0.45% at March 31, 2007

• Increase largely driven by implementation of one set of more prescriptive credit policies, including extensive credit file reviews, and reduced demand for certain types of commercial real estate projects

• Strengthened allowance for credit losses as a percentage of loans 1.19%; up one basis point from March 31, 2007

Above-plan merger cost saves; good expense containment

• Realized $84 million merger cost saves in 2Q07, bringing year-to-date total to $135 million

• Net pre-tax merger cost saves likely to exceed original forecast

• Pre-tax merger-related charges of $59.9 million in 2Q07; total merger restructuring charges expected to be less than originally projected

• 2Q07 non-interest expenses include $38.0 million MSR recapture as a result of an increase in long-term interest rates; a $9.2 million adjustment to reduce core deposit intangible amortization due to divestitures; and $10.0 million of hurricane-related insurance proceeds

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2007 EARNINGS RELEASE

PAGE 2

Regions Financial Corporation and Subsidiaries

Consolidated Balance Sheets (1) (2)

(Unaudited)

($ amounts in thousands)	6/30/07			3/31/07			12/31/06			9/30/06			6/30/06
Assets:
Cash and due from banks	$	2,796,196		$	2,991,232		$	3,550,742		$	2,055,137		$	2,304,934
Interest-bearing deposits in other banks		73,963			37,365			270,601			38,981			31,565
Federal funds sold and securities purchased under agreements to resell		1,158,771			1,154,994			896,075			913,076			733,476
Trading account assets		1,606,130			1,490,374			1,442,994			1,438,427			1,056,434
Securities available for sale		17,414,407			18,361,050			18,514,332			12,425,555			11,758,035
Securities held to maturity		44,452			46,008			47,728			30,033			29,983
Loans held for sale		1,596,425			1,175,650			3,308,064			1,824,687			2,281,372
Loans held for sale - divestitures		—			—			1,612,237			—			—
Margin receivables		590,811			555,580			570,063			581,558			576,616
Loans, net of unearned income		94,014,488			94,168,260			94,550,602			59,477,905			59,130,632
Allowance for loan losses		(1,061,873	)		(1,056,260	)		(1,055,953	)		(778,465	)		(777,783	)
Net loans		92,952,615			93,112,000			93,494,649			58,699,440			58,352,849
Premises and equipment, net		2,422,256			2,372,800			2,398,494			1,097,616			1,109,732
Interest receivable		626,514			627,918			666,410			456,978			407,811
Excess purchase price		11,243,287			11,191,675			11,175,647			4,967,799			4,996,028
Mortgage servicing rights (MSRs)		400,056			367,222			374,871			407,740			420,322
Other identifiable intangible assets		809,827			914,410			957,834			287,437			295,588
Other assets		3,886,762			3,669,790			4,088,280			1,755,627			1,708,041
Total Assets	$	137,622,472		$	138,068,068		$	143,369,021		$	86,980,091		$	86,062,786
Liabilities and Stockholders’ Equity:
Deposits:
Non-interest-bearing	$	19,136,419		$	19,942,928		$	20,175,482		$	12,570,051		$	13,158,707
Non-interest-bearing - divestitures		—			—			533,295			—			—
Interest-bearing		75,919,972			75,393,720			78,281,120			49,599,494			48,246,119
Interest-bearing - divestitures		—			—			2,238,072			—			—
Total deposits		95,056,391			95,336,648			101,227,969			62,169,545			61,404,826
Borrowed funds:
Short-term borrowings:
Federal funds purchased and securities sold under agreements to repurchase		8,207,250			8,159,929			7,676,254			4,943,568			4,770,538
Other short-term borrowings		1,882,114			2,356,205			1,990,817			1,368,480			958,048
Total short-term borrowings		10,089,364			10,516,134			9,667,071			6,312,048			5,728,586
Long-term borrowings		9,287,926			8,593,117			8,642,649			5,490,404			6,293,372
Total borrowed funds		19,377,290			19,109,251			18,309,720			11,802,452			12,021,958
Other liabilities		3,492,404			3,308,003			3,129,878			1,965,191			1,937,643
Total Liabilities		117,926,085			117,753,902			122,667,567			75,937,188			75,364,427
Stockholders’ equity:
Common stock		7,344			7,320			7,303			4,813			4,787
Additional paid in capital		16,500,425			16,447,358			16,339,726			7,466,180			7,393,185
Undivided profits		4,489,078			4,289,354			4,493,245			4,547,845			4,355,306
Treasury stock		(1,063,779	)		(368,837	)		(7,548	)		(888,282	)		(833,633	)
Accumulated other comprehensive loss		(236,681	)		(61,029	)		(131,272	)		(87,653	)		(221,286	)
Total Stockholders’ Equity		19,696,387			20,314,166			20,701,454			11,042,903			10,698,359
Total Liabilities & SE	$	137,622,472		$	138,068,068		$	143,369,021		$	86,980,091		$	86,062,786

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

(2) Certain amounts in prior periods have been reclassified to reflect current period presentation.

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2007 EARNINGS RELEASE

PAGE 3

Regions Financial Corporation and Subsidiaries

Consolidated Statements of Income (1) (6)

(Unaudited)

($ amounts in thousands, except per share data)	Quarter Ended
	6/30/07			3/31/07			12/31/06			9/30/06			6/30/06
Interest income on:
Loans, including fees	$	1,734,278		$	1,773,404		$	1,587,494		$	1,129,013		$	1,070,609
Securities:
Taxable		218,123			224,319			200,917			143,118			130,979
Tax-exempt		10,831			11,048			9,807			7,852			7,904
Total securities		228,954			235,367			210,724			150,970			138,883
Loans held for sale		21,363			48,342			35,935			11,890			10,802
Federal funds sold and securities purchased under agreements to resell		17,162			16,373			15,877			13,505			11,573
Trading account assets		15,785			15,620			22,608			12,519			9,558
Margin receivables		9,289			9,610			9,576			9,767			9,525
Time deposits in other banks		649			1,179			1,376			637			343
Total interest income		2,027,480			2,099,895			1,883,590			1,328,301			1,251,293
Interest expense on:
Deposits		677,239			687,459			597,255			411,178			357,026
Short-term borrowings		116,637			120,661			102,984			66,315			56,065
Long-term borrowings		128,269			122,737			123,199			84,429			89,360
Total interest expense		922,145			930,857			823,438			561,922			502,451
Net interest income		1,105,335			1,169,038			1,060,152			766,379			748,842
Provision for loan losses		60,000			47,000			59,825			24,914			30,014
Net interest income after provision for loan losses		1,045,335			1,122,038			1,000,327			741,465			718,828
Non-interest income:
Brokerage and investment banking		207,372			186,195			199,697			144,093			158,865
Service charges on deposit accounts		297,638			284,097			247,591			166,555			164,212
Trust department income		64,590			63,482			51,510			36,366			35,730
Mortgage income		40,830			37,021			44,134			43,637			47,631
Securities gains (losses), net		(32,806	)		304			(20	)		8,104			28
Other		119,177			125,813			94,657			62,628			63,911
Total non-interest income		696,801			696,912			637,569			461,383			470,377
Non-interest expense:
Salaries and employee benefits		602,646			608,939			606,165			398,848			424,889
Net occupancy expense		93,175			93,531			90,968			52,675			52,354
Furniture and equipment expense		74,048			72,809			59,306			32,922			32,762
Impairment (recapture) of MSR’s		(38,000	)		1,000			27,000			8,000			(10,000	)
Other		325,866			332,687			307,761			195,906			195,458
Total non-interest expense (2)		1,057,735			1,108,966			1,091,200			688,351			695,463
Income before income taxes from continuing operations		684,401			709,984			546,696			514,497			493,742
Income taxes		230,669			235,908			174,701			156,575			150,280
Income from continuing operations		453,732			474,076			371,995			357,922			343,462
(Loss) income from discontinued operations before income taxes		(682	)		(215,818	)		(17,718	)		(10,442	)		2,991
Income tax (benefit) expense from discontinued operations		(259	)		(74,723	)		(7,274	)		(4,177	)		1,196
(Loss) income from discontinued operations, net of tax		(423	)		(141,095	)		(10,444	)		(6,265	)		1,795
Net income	$	453,309		$	332,981		$	361,551		$	351,657		$	345,257
Weighted-average shares outstanding— during quarter:
Basic (3)		709,322			726,921			638,830			454,441			455,528
Diluted (3)		715,564			734,534			646,372			458,903			460,131
Actual shares outstanding— end of quarter (3)		704,398			721,825			730,076			455,067			454,034
Earnings per share from continuing operations (4):
Basic	$	0.64		$	0.65		$	0.58		$	0.79		$	0.75
Diluted	$	0.63		$	0.65		$	0.58		$	0.78		$	0.75
Earnings per share from discontinued operations (4):
Basic	$	0.00		$	(0.19	)	$	(0.02	)	$	(0.01	)	$	0.00
Diluted	$	0.00		$	(0.19	)	$	(0.02	)	$	(0.01	)	$	0.00
Earnings per share (4):
Basic	$	0.64		$	0.46		$	0.57		$	0.77		$	0.76
Diluted	$	0.63		$	0.45		$	0.56		$	0.77		$	0.75
Cash dividends declared per share (5)	$	0.36		$	0.36		$	0.35		$	0.35		$	0.35
Taxable equivalent net interest income from continuing operations	$	1,111,969		$	1,175,546		$	1,094,092		$	794,940		$	777,575

See notes to the Consolidated Statements of Income on page 5.

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2007 EARNINGS RELEASE

PAGE 4

Regions Financial Corporation and Subsidiaries

Consolidated Statements of Income (1) (6)

(Unaudited)

($ amounts in thousands, except per share data)	Six Months Ended June 30
	2007			2006
Interest income on:
Loans, including fees	$	3,507,682		$	2,076,399
Securities:
Taxable		442,442			262,630
Tax-exempt		21,879			16,020
Total securities		464,321			278,650
Loans held for sale		69,705			21,618
Federal funds sold and securities purchased under agreements to resell		33,535			22,063
Trading account assets		31,405			19,411
Margin receivables		18,899			18,198
Time deposits in other banks		1,828			887
Total interest income		4,127,375			2,437,226
Interest expense on:
Deposits		1,364,698			671,734
Short-term borrowings		237,298			106,198
Long-term borrowings		251,006			177,524
Total interest expense		1,853,002			955,456
Net interest income		2,274,373			1,481,770
Provision for loan losses		107,000			57,634
Net interest income after provision for loan losses		2,167,373			1,424,136
Non-interest income:
Brokerage and investment banking		393,567			325,658
Service charges on deposit accounts		581,735			307,852
Trust department income		128,072			70,285
Mortgage income		77,851			90,917
Securities gains (losses), net		(32,502	)		39
Other		244,990			136,017
Total non-interest income		1,393,713			930,768
Non-interest expense:
Salaries and employee benefits		1,211,585			854,838
Net occupancy expense		186,706			110,984
Furniture and equipment expense		146,857			65,670
Impairment (recapture) of MSR’s		(37,000	)		(19,000	)
Other		658,553			411,983
Total non-interest expense (2)		2,166,701			1,424,475
Income before income taxes from continuing operations		1,394,385			930,429
Income taxes		466,577			287,825
Income from continuing operations		927,808			642,604
(Loss) income from discontinued operations before income taxes		(216,500	)		(4,446	)
Income tax (benefit) expense from discontinued operations		(74,982	)		(1,779	)
(Loss) income from discontinued operations, net of tax		(141,518	)		(2,667	)
Net income	$	786,290		$	639,937
Weighted-average shares outstanding— year-to-date:
Basic (3)		718,073			455,982
Diluted (3)		724,997			460,584
Actual shares outstanding— end of quarter (3)		704,398			454,034
Earnings per share from continuing operations (4):
Basic	$	1.29		$	1.41
Diluted	$	1.28		$	1.40
Earnings per share from discontinued operations (4):
Basic	$	(0.20	)	$	(0.01	)
Diluted	$	(0.20	)	$	(0.01	)
Earnings per share (4):
Basic	$	1.10		$	1.40
Diluted	$	1.08		$	1.39
Cash dividends declared per share (5)	$	0.72		$	0.70
Taxable equivalent net interest income from continuing operations	$	2,287,515		$	1,534,458

See notes to the Consolidated Statements of Income on page 5.

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2007 EARNINGS RELEASE

PAGE 5

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

(2) Merger-related charges totaling $59.9 million in 2Q07, $49.0 million in 1Q07, and $87.6 million in 4Q06. For the year-to-date 2007, $108.9 million are included in non-interest expense. See pages 12 and 17 for additional detail.

(3) On November 4, 2006, 277 million shares were issued in the AmSouth transaction; as a result, the weighted-average shares outstanding calculation for the 4Q06 includes approximately one month of pre-AmSouth merger share count and two months of post-AmSouth merger share count.

(4) Certain per share amounts may not appear to reconcile due to rounding.

(5) In 4Q06, in addition to the dividend paid, the Board of Directors declared a $0.36 per share dividend payable January 2, 2007, representing an acceleration of Regions’ previously existing dividend schedule beginning with the 2007 dividends paid.

(6) Certain amounts in prior periods have been reclassified to reflect current period presentation.

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2007 EARNINGS RELEASE

PAGE 6

Regions Financial Corporation and Subsidiaries

Consolidated Average Daily Balances and Yield/Rate Analysis Including Discontinued Operations (1) (2)

($ amounts in thousands; yields on taxable-equivalent basis)	Quarter Ended
	6/30/07							3/31/07							12/31/06							9/30/06							6/30/06
	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:
Interest-bearing deposits in other banks	$	39,767		$	649	6.55	%	$	80,520		$	1,179	5.94	%	$	125,467		$	1,376	4.35	%	$	41,821		$	637	6.04	%	$	38,825		$	343	3.54	%
Federal funds sold and securities purchased under agreement to resell		1,124,636			17,162	6.12	%		1,061,976			16,373	6.25	%		1,098,535			15,878	5.73	%		937,005			13,504	5.72	%		871,206			11,573	5.33	%
Trading account assets		1,555,939			15,963	4.12	%		1,475,097			15,911	4.37	%		1,419,868			23,168	6.47	%		1,130,260			12,667	4.45	%		969,137			9,583	3.97	%
Securities:
Taxable		17,245,705			218,123	5.07	%		17,748,027			224,319	5.13	%		16,263,163			201,354	4.91	%		11,612,748			143,483	4.90	%		11,175,675			131,364	4.71	%
Tax-exempt		737,522			16,430	8.94	%		763,297			16,786	8.92	%		648,747			14,540	8.89	%		397,160			12,003	11.99	%		406,340			12,074	11.92	%
Loans held for sale		1,323,479			21,363	6.47	%		3,427,285			67,196	7.95	%		2,689,490			50,113	7.39	%		2,263,608			45,416	7.96	%		2,355,875			47,261	8.05	%
Loans held for sale-divestitures		—			—	—			1,150,548			21,520	7.59	%		1,042,964			20,087	7.64	%		—			—	—			—			—	—
Margin receivables		532,037			9,289	7.00	%		554,896			9,610	7.02	%		540,805			9,576	7.03	%		553,946			9,767	7.00	%		557,148			9,525	6.86	%
Loans, net of unearned income		94,051,511			1,735,135	7.40	%		94,338,760			1,745,475	7.50	%		83,058,620			1,591,768	7.60	%		59,111,355			1,130,704	7.59	%		58,489,995			1,071,997	7.35	%
Total interest-earning assets		116,610,596		$	2,034,114	7.00	%		120,600,406		$	2,118,369	7.12	%		106,887,659		$	1,927,860	7.16	%		76,047,903		$	1,368,181	7.14	%		74,864,201		$	1,293,720	6.93	%
Allowance for loan losses		(1,056,832	)						(1,061,769	)						(985,310	)						(780,715	)						(781,282	)
Cash and due from banks		2,803,967							3,010,446							2,605,261							1,959,441							2,016,715
Other assets		19,180,861							19,414,608							16,070,226							9,749,193							9,776,953
	$	137,538,592						$	141,963,691						$	124,577,836						$	86,975,822						$	85,876,587
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Savings accounts	$	3,861,380		$	2,884	0.30	%	$	3,905,299		$	2,964	0.31	%	$	3,572,985		$	3,097	0.34	%	$	2,988,548		$	3,053	0.41	%	$	3,155,230		$	3,357	0.43	%
Interest-bearing transaction accounts		15,816,958			84,334	2.14	%		16,113,504			83,343	2.10	%		13,338,852			62,898	1.87	%		9,187,008			35,127	1.52	%		9,880,021			36,219	1.47	%
Money market accounts		22,583,104			197,609	3.51	%		21,570,731			183,517	3.45	%		18,696,939			159,265	3.38	%		12,875,034			105,756	3.26	%		12,037,280			87,988	2.93	%
Certificates of deposit of $100,000 or more		12,443,318			152,413	4.91	%		13,271,108			155,935	4.77	%		12,045,318			142,757	4.70	%		8,297,133			97,633	4.67	%		7,650,843			82,214	4.31	%
Other interest-bearing deposit accounts		21,645,487			239,999	4.45	%		23,343,676			249,609	4.34	%		20,610,566			217,264	4.18	%		15,875,539			169,610	4.24	%		15,067,677			147,248	3.92	%
Interest-bearing deposits -divestitures		—			—	—			1,517,504			12,091	3.23	%		1,450,645			11,974	3.27	%		—			—	—			—			—
Total interest-bearing deposits		76,350,247			677,239	3.56	%		79,721,822			687,459	3.50	%		69,715,305			597,255	3.40	%		49,223,262			411,179	3.31	%		47,791,051			357,026	3.00	%
Federal funds purchased and securities sold under agreement to repurchase		7,461,579			90,460	4.86	%		8,174,934			96,303	4.78	%		7,333,018			87,816	4.75	%		4,806,594			56,898	4.70	%		4,301,848			47,213	4.40	%
Other short-term borrowings		2,251,296			26,177	4.66	%		2,213,107			24,358	4.46	%		1,539,329			15,169	3.91	%		927,313			9,416	4.03	%		886,953			8,852	4.00	%
Long-term borrowings		9,014,112			128,269	5.71	%		8,606,381			122,737	5.78	%		8,159,959			123,199	5.99	%		5,810,710			84,428	5.76	%		6,589,755			89,361	5.44	%
Total interest-bearing liabilities		95,077,234		$	922,145	3.89	%		98,716,244		$	930,857	3.82	%		86,747,611		$	823,439	3.77	%		60,767,879		$	561,921	3.67	%		59,569,607		$	502,452	3.38	%
Non-interest-bearing deposits		19,233,146							19,694,403							17,535,467							12,482,899							12,882,910
Other liabilities		3,187,936							3,100,313							3,108,830							2,847,404							2,754,398
Stockholders’ equity		20,040,276							20,452,731							17,185,928							10,877,640							10,669,672
	$	137,538,592						$	141,963,691						$	124,577,836						$	86,975,822						$	85,876,587
Net interest income/margin FTE basis				$	1,111,969	3.82	%				$	1,187,512	3.99	%				$	1,104,421	4.10	%				$	806,260	4.21	%				$	791,268	4.24	%

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

(2) Certain amounts in prior periods have been reclassified to reflect current period presentation.

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PAGE 7

Regions Financial Corporation and Subsidiaries

Consolidated Average Daily Balances and Yield/Rate Analysis (1)

	Six Months June 30
	2007							2006
($ amounts in thousands; yields on taxable equivalent basis)	Average Balance			Revenue/ Expense		Yield/ Rate		Average Balance			Revenue/ Expense		Yield/ Rate
Assets
Interest-earning assets:
Interest-bearing deposits in other banks	$	60,031		$	1,828	6.14	%	$	45,575		$	887	3.92	%
Federal funds sold and securities purchased under agreement to resell		1,093,479			33,535	6.18	%		903,545			22,063	4.92	%
Trading account assets		1,515,741			31,874	4.24	%		946,715			19,907	4.24	%
Securities:
Taxable securities		17,495,478			442,442	5.10	%		11,318,178			263,333	4.69	%
Tax-exempt		750,338			33,217	8.93	%		416,175			24,418	11.83	%
Loans held for sale		2,369,570			88,558	7.54	%		2,093,511			81,143	7.82	%
Loans held for sale-divestitures		572,096			21,520	7.59	%		—			—	—
Margin receivables		543,404			18,899	7.01	%		546,124			18,198	6.72	%
Loans, net of unearned income		94,194,342			3,480,611	7.45	%		58,341,578			2,083,458	7.20	%
Total interest-earning assets		118,594,479			4,152,484	7.06	%		74,611,401			2,513,407	6.79	%
Allowance for loan losses		(1,059,287	)						(783,552	)
Cash and due from banks		2,906,636							2,023,195
Other non-earning assets		19,297,089							9,807,324
	$	139,738,917						$	85,658,368
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Savings accounts	$	3,883,218		$	5,848	0.30	%	$	3,128,226		$	6,206	0.40	%
Interest-bearing transaction accounts		15,964,412			167,678	2.12	%		10,057,150			70,295	1.41	%
Money market accounts		22,079,714			381,127	3.48	%		11,973,627			164,974	2.78	%
Certificates of deposit of $100,000 or more		12,854,926			308,346	4.84	%		7,517,757			154,454	4.14	%
Other interest-bearing deposit accounts		22,489,891			489,608	4.39	%		14,756,743			275,805	3.77	%
Interest-bearing deposits - divestitures		754,560			12,091	3.23	%		—			—	—
Total interest-bearing deposits		78,026,721			1,364,698	3.53	%		47,433,503			671,734	2.86	%
Federal funds purchased and securities sold under agreement to repurchase		7,816,286			186,763	4.82	%		4,239,543			88,494	4.21	%
Other short-term borrowings		2,232,307			50,535	4.57	%		942,737			17,704	3.79	%
Long-term borrowings		8,811,373			251,006	5.74	%		6,723,717			177,525	5.32	%
Total interest-bearing liabilities		96,886,687			1,853,002	3.86	%		59,339,500			955,457	3.25	%
Non-interest bearing deposits		19,462,501							12,904,708
Other liabilities		3,144,365							2,736,246
Stockholders’ equity		20,245,364							10,677,914
	$	139,738,917						$	85,658,368
Net interest income/margin FTE basis				$	2,299,482	3.91	%				$	1,557,950	4.21	%

Regions Financial Corporation and Subsidiaries

Allowance for Credit Losses

	Six Months June 30
($ amounts in thousands)	2007			2006
Balance at beginning of year	$	1,107,788		$	783,536
Net loans charged off:
Commercial		19,450		$	15,242
Real estate - mortgage		22,540			21,065
Real estate - construction		9,281			4,318
Home equity lending		17,460			11,002
Indirect lending		8,391			4,381
Other consumer		22,807			3,466
Total		99,929			59,474
Allowance allocated to sold loans		(1,333	)		(3,779	)
Provision for loan losses, from continuing operations		107,000			57,634
Provision for loan losses, from discontinued operations		182			(134	)
Provision for unfunded credit commitments		4,521			—
Balance at end of period	$	1,118,229		$	777,783
Components:
Allowance for loans and leases losses	$	1,061,873		$	777,783
Reserve for unfunded credit commitments		56,356			—
Allowance for credit losses	$	1,118,229		$	777,783

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

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Regions Financial Corporation and Subsidiaries

Selected Ratios (1)

	As of and for Quarter Ended
	6/30/07			3/31/07			12/31/06			9/30/06			6/30/06
Return on average assets*		1.32	%		0.95	%		1.15	%		1.60	%		1.61	%
Return on average assets ex. merger charges and discontd. ops.* (2)		1.43	%		1.46	%		1.39	%		1.66	%		1.64	%
Return on average equity*		9.07	%		6.60	%		8.35	%		12.83	%		12.98	%
Return on average equity ex. merger charges and discontd. ops.* (2)		9.82	%		10.05	%		10.04	%		13.24	%		13.10	%
Return on average tangible equity*		22.89	%		16.29	%		19.59	%		24.93	%		25.73	%
Return on average tangible eq. ex. merger charges and discontd. ops.* (2)		24.79	%		24.96	%		23.84	%		26.10	%		26.35	%
Stockholders’ equity per share	$	27.96		$	28.14		$	28.36		$	24.27		$	23.56
Stockholders’ equity to total assets		14.31	%		14.71	%		14.44	%		12.70	%		12.43	%
Tangible stockholders’ equity to tangible assets		6.09	%		6.52	%		6.53	%		7.08	%		6.69	%
Allowance for credit losses as a percentage of loans, net of unearned income (3)		1.19	%		1.18	%		1.17	%		1.31	%		1.32	%
Allowance for loan losses as a percentage of loans, net of unearned income		1.13	%		1.12	%		1.12	%		1.31	%		1.32	%
Net interest margin (FTE)		3.82	%		3.99	%		4.10	%		4.21	%		4.24	%
Loans, net of unearned income, to total deposits		98.90	%		98.77	%		93.40	%		95.67	%		96.30	%
Net charge-offs as a percentage of average loans*		0.23	%		0.20	%		0.27	%		0.16	%		0.21	%
Total non-performing assets (excluding loans 90 days past due) as a percentage of loans and other real estate		0.62	%		0.45	%		0.40	%		0.52	%		0.54	%
Total non-performing assets (including loans 90 days past due) as a percentage of loans and other real estate		0.84	%		0.67	%		0.55	%		0.66	%		0.67	%

* Annualized

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

(2) Non-GAAP measurements in 2Q07, 1Q07, and 4Q06 due to exclusion of merger charges; see page 17 for reconciliation to GAAP Financial Measures.

(3) 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.

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SECOND QUARTER 2007 EARNINGS RELEASE

PAGE 9

Loans (1)(2)

Loan Portfolio - Period End Data

($ amounts in thousands)	6/30/07		3/31/07		12/31/06		9/30/06		6/30/06		6/30/07 vs. 3/31/2007*
Commercial	$	25,123,355	$	24,188,205	$	24,145,411	$	16,155,841	$	15,840,510	$	935,150		15.5	%
Real estate- mortgage		33,646,480		34,505,573		35,230,343		23,534,691		24,019,544		(859,093	)	-10.0	%
Real estate- construction		14,311,192		14,357,801		14,121,030		8,730,822		8,162,479		(46,609	)	-1.3	%
Home equity lending		14,819,443		14,845,348		14,888,599		7,529,539		7,583,826		(25,905	)	-0.7	%
Indirect lending		4,052,637		4,050,317		4,037,539		1,324,017		1,344,853		2,320		0.2	%
Other consumer		2,061,381		2,221,016		2,127,680		2,202,995		2,179,420		(159,635	)	-28.8	%
	$	94,014,488	$	94,168,260	$	94,550,602	$	59,477,905	$	59,130,632	$	(153,772	)	-0.7	%
Loan Portfolio - Average Balances
($ amounts in thousands)	2Q07		1Q07		4Q06		3Q06		2Q06		2Q07 vs. 1Q07*
Commercial	$	24,623,331	$	24,094,090	$	21,242,803	$	15,932,108	$	15,189,741	$	529,241		8.8	%
Real estate- mortgage		34,060,372		34,922,144		31,361,533		23,685,891		24,263,886		(861,772	)	-9.9	%
Real estate- construction		14,295,420		14,221,432		12,289,921		8,435,465		7,904,240		73,988		2.1	%
Home equity lending		14,836,871		14,858,209		12,402,944		7,550,011		7,622,349		(21,338	)	-0.6	%
Indirect lending		4,059,108		4,007,349		3,141,590		1,336,290		1,329,697		51,759		5.2	%
Other consumer		2,176,409		2,235,536		2,619,829		2,171,590		2,180,082		(59,127	)	-10.6	%
	$	94,051,511	$	94,338,760	$	83,058,620	$	59,111,355	$	58,489,995	$	(287,249	)	-1.2	%

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

(2) Certain amounts in prior periods have been reclassified to reflect current period presentation.

* Linked-quarter percentage changes are presented on an annualized basis.

• Commercial loan demand remains strong, up an annualized 8.8% linked-quarter.

• Drop in real estate mortgage loans reflects weak commercial real estate lending demand.

• Strong home equity production offset by equally high paydowns.

• $198.7 million of student loans sold during 2Q07.

• $1.6 billion of loans were reclassified to held-for-sale in 4Q06 in connection with the 52 branches that were divested in 1Q07.

• The AmSouth transaction added $36.5 billion of loans in 4Q06.

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PAGE 10

Deposits (1)(2)

Deposit Portfolio - Period End Data

($ amounts in thousands)	6/30/07		3/31/07		12/31/06		9/30/06		6/30/06		6/30/07 vs. 3/31/2007*
Interest-Free Deposits	$	19,136,419	$	19,942,928	$	20,175,482	$	12,570,051	$	13,158,707	$	(806,509	)	-16.2	%
Interest-Bearing Checking		15,685,340		16,426,436		15,899,813		8,513,908		9,095,050		(741,096	)	-18.1	%
Savings		3,795,701		3,937,346		3,882,533		2,908,930		3,081,192		(141,645	)	-14.4	%
Money Market		22,846,800		22,109,072		21,521,258		13,882,716		12,874,239		737,728		13.4	%
Total Low-Cost Deposits, excluding divestitures		61,464,260		62,415,782		61,479,086		37,875,605		38,209,188		(951,522	)	-6.1	%
Divestitures - Interest-Free		—		—		533,295		—		—		—		—
Divestitures - Other Low-Cost		—		—		1,177,671		—		—		—		—
Total Low-Cost Deposits		61,464,260		62,415,782		63,190,052		37,875,605		38,209,188		(951,522	)	-6.1	%
CD’s < $100K		14,693,540		14,985,322		15,104,520		11,055,918		11,063,668		(291,782	)	-7.8	%
CD’s > $100K		11,602,951		12,979,072		12,776,086		9,124,935		7,918,736		(1,376,121	)	-42.5	%
Other Time Deposits		7,295,640		4,956,472		9,096,910		4,113,087		4,213,234		2,339,168		189.3	%
Divestitures - Time		—		—		1,060,401		—		—		—		—
	$	95,056,391	$	95,336,648	$	101,227,969	$	62,169,545	$	61,404,826	$	(280,257	)	-1.2	%
Deposit Portfolio - Average Balances
($ amounts in thousands)	2Q07		1Q07		4Q06		3Q06		2Q06		2Q07 vs. 1Q07*
Interest-Free Deposits	$	19,233,146	$	19,324,381	$	17,175,508	$	12,482,899	$	12,882,910	$	(91,235	)	-1.9	%
Interest-Bearing Checking		15,816,958		16,113,504		13,338,852		9,187,008		9,880,021		(296,546	)	-7.4	%
Savings		3,861,380		3,905,299		3,572,985		2,988,548		3,155,230		(43,919	)	-4.5	%
Money Market		22,583,104		21,570,731		18,696,939		12,875,034		12,037,280		1,012,373		18.8	%
Total Low-Cost Deposits, excluding divestitures		61,494,588		60,913,915		52,784,284		37,533,489		37,955,441		580,673		3.8	%
Divestitures - Interest-Free		—		370,022		359,957		—		—		(370,022	)	—
Divestitures - Other Low-Cost		—		796,266		763,757		—		—		(796,266	)	—
Total Low-Cost Deposits		61,494,588		62,080,203		53,907,998		37,533,489		37,955,441		(585,615	)	-3.8	%
CD’s < $100K		14,773,277		15,124,475		13,758,120		11,068,375		11,022,675		(351,198	)	-9.3	%
CD’s > $100K		12,443,318		13,271,108		12,045,318		8,297,133		7,650,843		(827,790	)	-25.0	%
Other Time Deposits		6,872,210		8,219,201		6,852,448		4,807,164		4,045,002		(1,346,991	)	-65.7	%
Divestitures - Time		—		721,238		686,891		—		—		(721,238	)	—
	$	95,583,393	$	99,416,225	$	87,250,775	$	61,706,161	$	60,673,961	$	(3,832,832	)	-15.5	%

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

(2) Certain amounts in prior periods have been reclassified to reflect current period presentation.

* Linked-quarter percentage changes are presented on an annualized basis.

• Average low-cost deposits grew an annualized 3.8% linked-quarter due to money market account increases.

• Average money market accounts rose over $1 billion versus 1Q07 due to a success of a money market campaign and emphasis on shifting funds from high-rate CD’s into money market accounts.

• CD’s greater than $100K declined linked-quarter due to higher rate CD’s maturing and being allowed to run off as part of Regions’ balance sheet management strategy.

• $2.8 billion of deposits were reclassified to held-for-sale in 4Q06 in connection with the 52 branches that were divested in 1Q07.

• The AmSouth transaction added $37.6 billion of deposits in 4Q06.

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PAGE 11

Operating Revenue from Continuing Operations (1)(2)

Revenue

($ amounts in thousands)	2Q07		1Q07		4Q06		3Q06		2Q06		2Q07 vs. 1Q07*
Net Interest Income (TE basis)	$	1,111,969	$	1,175,546	$	1,094,092	$	794,940	$	777,575	$	(63,577	)	-21.7	%
Non-Interest Income (excl. sec. gains/losses)		729,607		696,608		637,589		453,279		470,349		32,999		19.0	%
Total Revenue (excl. sec. gains/losses, TE basis)	$	1,841,576	$	1,872,154	$	1,731,681	$	1,248,219	$	1,247,924	$	(30,578	)	-6.6	%

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

(2) Certain amounts in prior periods have been reclassified to reflect current period presentation.

* Linked-quarter percentage changes are presented on an annualized basis.

• Strong linked-quarter fee income growth, or annualized 19%, driven by brokerage and investment banking fee gains as well as deposit-related service charges.

• Net interest margin of 3.82% in 2Q07 compared to 3.99% in 1Q07; 10 basis points of decrease due to divestitures.

• Active buyback program and issuance of long-term debt also compressed margin.

• Regions’ balance sheet is neutrally positioned as of June 30, 2007.

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PAGE 12

Non-Interest Income and Expense from Continuing Operations (1)(2)

Non-interest Income and Expense

Non-interest Income

($ amounts in thousands)	2Q07			1Q07		4Q06			3Q06		2Q06		2Q07 vs. 1Q07*
Brokerage and investment banking	$	207,372		$	186,195	$	199,697		$	144,093	$	158,865	$	21,177		45.6	%
Service charges on deposit accounts		297,638	��		284,097		247,591			166,555		164,212		13,541		19.1	%
Trust department income		64,590			63,482		51,510			36,366		35,730		1,108		7.0	%
Mortgage income		40,830			37,021		44,134			43,637		47,631		3,809		41.3	%
Securities gains (losses), net		(32,806	)		304		(20	)		8,104		28		(33,110	)	NM
Insurance premiums & commissions		25,476			27,229		21,556			21,330		21,267		(1,753	)	-25.8	%
Commercial credit fee income		18,971			20,574		24,477			18,563		17,455		(1,603	)	-31.3	%
Other		74,730			78,010		48,624			22,735		25,189		(3,280	)	-16.9	%
Total non-interest income	$	696,801		$	696,912	$	637,569		$	461,383	$	470,377	$	(111	)	-0.1	%

Non-interest Expense**

($ amounts in thousands)	2Q07			1Q07		4Q06		3Q06		2Q06			2Q07 vs. 1Q07*
Salaries and employee benefits	$	579,599		$	585,408	$	540,510	$	398,810	$	424,889		$	(5,809	)		-4.0	%
Net occupancy expense		88,490			89,701		87,495		52,675		52,354			(1,211	)		-5.4	%
Furniture and equipment expense		73,056			72,564		58,879		32,922		32,762			492			2.7	%
Impairment (recapture) of MSR’s		(38,000	)		1,000		27,000		8,000		(10,000	)		(39,000	)		NM
Amortization of core deposit intangible		32,702			43,112		32,890		10,073		10,370			(10,410	)		-96.9	%
Amortization of MSR’s		20,384			20,042		19,406		16,592		16,263			342			6.8	%
Other		241,577			248,146		237,382		168,258		168,825			(6,569	)		-10.6	%
Total non-interest expense, excluding merger charges		997,808			1,059,973		1,003,562		687,330		695,463			(62,165	)		-23.5	%
Merger-related charges		59,927			48,993		87,638		1,021		—			10,934			89.5	%
																��
Total non-interest expense	$	1,057,735		$	1,108,966	$	1,091,200	$	688,351	$	695,463		$	(51,231	)		-18.5	%

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

(2) Certain amounts in prior periods have been reclassified to reflect current period presentation.

* Linked-quarter percentage changes are presented on an annualized basis.

** Individual expense categories are presented excluding merger-related charges, which are presented in a separate line item in the above table.

• Brokerage income up $21.2 million linked-quarter primarily due to higher revenues in fixed income and equity capital markets divisions of Morgan Keegan.

• Service charges on deposit accounts increased $13.5 million linked-quarter as a result of a volume-related increase in NSF fees and higher interchange income resulting from increased card penetration.

• Service charges increased despite lack of approximately $6.7 million related to divested branches.

• Approximately $1 billion of investment securities sold at $32.8 million loss; proceeds reinvested without extending duration.

• $9.4 million gain related to the termination of debt included in 2Q07 other non-interest income.

• Other non-interest income included a gain on sale of student loans of $22.3 million in 1Q07 and $4.5 million in 2Q07.

• Net occupancy expense includes a $10.0 million recovery in 2Q07 and $5.3 million recovery in 1Q07 due to insurance-related proceeds.

• $38.0 million MSR recapture in 2Q07 driven by increases to the long end of the yield curve.

• Core deposit intangible amortization decreased $10.4 million resulting primarily from an adjustment due to the sale of divested deposits

• Divested branches added $8.4 million in non-interest expense in 1Q07.

• Annual subsidiary dividend payment of $11.4 million included in 1Q07 other expense.

• Cost saves of $84 million and $51 million are reflected in 2Q07 and 1Q07 non-interest expense, respectively.

• Total merger restructuring charges, which will occur through 2Q08, lower than expected. Financial statement impact to be realized mainly as a benefit to capital.

• Primary drivers of “merger-related charges” are personnel ($23MM) and professional fees ($10MM). See page 3 for individual expense categoriesincluding merger-related charges.

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PAGE 13

Morgan Keegan (1)

Morgan Keegan

Summary Income Statement

($ amounts in thousands)	2Q07		1Q07		4Q06		3Q06		2Q06		2Q07 vs. 1Q07*
Revenues:
Commissions	$	77,563	$	72,405	$	72,645	$	56,194	$	56,960	$	5,158		28.6	%
Principal transactions		43,838		37,597		42,691		38,381		32,996		6,241		66.6	%
Investment banking		48,579		36,750		42,441		25,767		41,623		11,829		129.1	%
Interest		39,820		40,031		40,186		36,721		32,511		(211	)	-2.1	%
Trust fees and services		57,185		56,121		44,189		29,966		29,014		1,064		7.6	%
Investment advisory		48,088		41,792		48,713		35,425		36,151		6,296		60.4	%
Other		13,761		17,303		16,614		8,062		9,473		(3,542	)	-82.1	%
Total revenues		328,834		301,999		307,479		230,516		238,728		26,835		35.6	%
Expenses:
Interest expense		25,046		23,983		24,996		21,966		21,999		1,063		17.8	%
Non-interest expense		225,074		206,108		207,314		160,679		165,568		18,966		36.9	%
Total expenses		250,120		230,091		232,310		182,645		187,567		20,029		34.9	%
Income before income taxes		78,714		71,908		75,169		47,872		51,161		6,806		38.0	%
Income taxes		28,603		26,367		28,230		17,251		18,442		2,236		34.0	%
Net income	$	50,111	$	45,541	$	46,939	$	30,621	$	32,719	$	4,570		40.2	%

Breakout of Revenue by Division

($ amounts in thousands)	Private Client			Fixed- income Capital Markets			Equity Capital Markets			Regions MK Trust			Asset Management			Interest & Other
Three months ended
June 30, 2007:
$ amount of revenue	$	100,857		$	61,660		$	25,267		$	57,184		$	46,719		$	37,147
% of gross revenue		30.6	%		18.8	%		7.7	%		17.4	%		14.2	%		11.3	%
Three months ended
March 31, 2007:
$ amount of revenue	$	96,072		$	47,556		$	17,891		$	56,122		$	44,474		$	39,884
% of gross revenue		31.8	%		15.8	%		5.9	%		18.6	%		14.7	%		13.2	%
Six months ended
June 30, 2007
$ amount of revenue	$	196,929		$	109,216		$	43,158		$	113,306		$	91,193		$	77,031
% of gross revenue		31.2	%		17.3	%		6.8	%		18.0	%		14.5	%		12.2	%
Six months ended
June 30, 2006
$ amount of revenue	$	148,060		$	93,171		$	52,369		$	57,063		$	68,377		$	71,636
% of gross revenue		30.2	%		19.0	%		10.7	%		11.6	%		13.9	%		14.6	%

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

* Linked-quarter percentage changes are presented on an annualized basis

• Commission revenue increased an annualized 29% linked-quarter, driven by active equity markets during the quarter.

• Principal transactions revenue increased an annualized 67% linked-quarter, primarily as a result of higher levels of sales of fixed income securities driven by the changing yield curve.

• Investment banking revenue increased $11.8 million linked-quarter, primarily due to strong fixed income underwriting fees.

• Trust fees and services increased an annualized 8% from 1Q07 primarily due to increased tax preparation fees during 2Q07.

• Investment advisory revenues increased an annualized 60% linked-quarter, primarily due to the strong oil and gas advisory fees.

• Private client group revenues rose $4.8 million linked-quarter, benefiting from active, rising equity markets and continued growth initiatives.

• Fixed income capital markets’ linked-quarter increase reflected improvements in investment banking and the 2Q07 acquisition of Shattuck Hammond.

• Equity capital markets’ linked-quarter gain was driven by higher investment banking deal flow; the pipeline remains strong going into the second half of 2007.

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PAGE 14

Morgan Keegan (cont.)

• 27,800 new accounts were opened in 2Q07 compared to 25,000 in 1Q07 and 22,200 in 2Q06.

• Total customer assets were $81.0 billion at June 30, 2007, compared to $77.9 billion at March 31, 2007 and $62.5 billion at June 30, 2006.

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PAGE 15

Credit Quality (1)(2)

Credit Quality

	As of and for Quarter Ended															YTD			YTD
($ in thousands)	6/30/07			3/31/07			12/31/06			9/30/06			6/30/06			6/30/07			6/30/06
Allowance for credit losses	$	1,118,229		$	1,110,324		$	1,107,788		$	778,465		$	777,783		$	1,118,229		$	777,783
Provision for credit losses from continuing operations	$	60,000		$	47,000		$	59,825		$	24,914		$	30,014		$	107,000		$	57,634
Provision for unfunded credit losses	$	2,292		$	2,229		$	—		$	—		$	—		$	4,521		$	—
Net loans charged-off:
Commercial	$	17,406		$	2,044		$	15,164		$	7,135		$	11,913		$	19,450		$	15,242
Real estate - mortgage		11,432			11,108			10,083			10,085			9,857			22,540			21,065
Real estate - construction		709			8,572			1,170			1,499			1,417			9,281			4,318
Home equity lending		8,774			8,686			14,078			4,640			4,923			17,460			11,002
Indirect lending		3,975			4,416			5,154			1,006			937			8,391			4,381
Other consumer		11,611			11,196			10,500			(47	)		1,759			22,807			3,466
Total	$	53,907		$	46,022		$	56,149		$	24,318		$	30,806		$	99,929		$	59,474
Net loan charge-offs as a % of average loans, annualized
Commercial		0.28	%		0.03	%		0.28	%		0.18	%		0.31	%		0.16	%		0.21	%
Real estate - mortgage		0.13	%		0.13	%		0.13	%		0.17	%		0.16	%		0.13	%		0.17	%
Real estate - construction		0.02	%		0.24	%		0.04	%		0.07	%		0.07	%		0.13	%		0.11	%
Home equity lending		0.24	%		0.24	%		0.45	%		0.24	%		0.26	%		0.24	%		0.29	%
Indirect lending		0.39	%		0.45	%		0.65	%		0.30	%		0.28	%		0.42	%		0.66	%
Other consumer		2.14	%		2.03	%		1.59	%		-0.01	%		0.32	%		2.09	%		0.32	%
Total		0.23	%		0.20	%		0.27	%		0.16	%		0.21	%		0.21	%		0.21	%
Non-performing assets (NPAs):
Non-accrual loans	$	501,175		$	349,833		$	306,471		$	246,728		$	264,284
Renegotiated loans		—			—			—			103			107
Foreclosed properties		83,834			72,658			72,663			65,190			55,495
Total	$	585,009		$	422,491		$	379,134		$	312,021		$	319,886
Loans past due > 90 days	$	204,829		$	204,296		$	143,868		$	78,785		$	78,096
Allowance for credit losses as a percentage of loans, net of unearned income		1.19	%		1.18	%		1.17	%		NA			NA
Allowance for loan losses as a percentage of loans, net of unearned income		1.13	%		1.12	%		1.12	%		1.31	%		1.32	%
Total NPAs (excluding loans 90 days past due) as a percentage of loans and foreclosed properties		0.62	%		0.45	%		0.40	%		0.52	%		0.54	%
Total NPAs (including loans 90 days past due) as a percentage of loans and foreclosed properties		0.84	%		0.67	%		0.55	%		0.66	%		0.67	%

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

(2) Certain amounts in prior periods have been reclassified to reflect current period presentation.

• Net charge-offs totaled $53.9 million, or an annualized 0.23 percent of average loans.

• 2Q07 linked-quarter increase in non-performing assets was primarily related to weaker demand for certain types of commercial real estate projects and the implementation of a combined set of credit review policies, including extensive credit file reviews.

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PAGE 16

Additional Financial and Operational Data (1)

	6/30/07	3/31/07	12/31/06	9/30/06	6/30/06
Associate headcount	34,293	34,138	36,517	24,903	25,244
Authorized shares remaining under buyback program (see note below)	34.2MM	53.9 MM	13.9 MM	18.9 MM	20.3 MM
Full service offices (2)	1,911	1,913	1,956	1,299	1,304
ATMs	2,581	2,590	2,664	1,549	1,564
Morgan Keegan offices	446	453	319	328	321

(1) Regions Financial Corporation and AmSouth Bancorporation merged effective November 4, 2006. The merger was accounted for as a purchase of AmSouth by Regions. As a result, periods ending prior to November 4, 2006, reflect legacy Regions data on a stand-alone basis.

(2) Regions was required by the Department of Justice to divest 52 branches in connection with the AmSouth merger, which occurred during 1Q07.

• During the quarter 19.7 million shares were repurchased at an average price of $35.19, including 14.2 million shares repurchased under an accelerated share repurchase agreement.

Merger-Related Items

(Pre-tax dollars in thousands)

	Income Statement Effect		Excess Purchase Price		Total
Year ended December 31, 2006	$	88,658	$	185,378	$	274,036
First Quarter 2007		48,993		3,537		52,530
Second Quarter 2007		59,927		4,090		64,017
Total	$	197,578	$	193,005	$	390,583

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PAGE 17

Reconciliation to GAAP Financial Measures

The table below presents computations of earnings and certain other financial measures excluding discontinued operations and merger charges (non-GAAP).

Merger charges and discontinued operations are included in financial results presented in accordance with generally accepted accounting principles (GAAP).

Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Regions believes the exclusion of merger charges in expressing earnings and certain other financial measures provides a meaningful base for period-to-period comparisons. See table below for computations of earnings and certain other financial measures excluding merger charges and discontinued operations and the corresponding reconciliation to GAAP financial measures for the periods presented.

		As of and for Quarter Ended
		6/30/07			3/31/07			12/31/06
($ amounts in thousands, except per share data)
INCOME
Income from continuing operations (GAAP)		$	453,732		$	474,076		$	371,995
(Loss) income from discontinued operations, net of tax			(423	)		(141,095	)		(10,444	)
Net income (GAAP)	A	$	453,309		$	332,981		$	361,551
Income from continuing operations (GAAP)		$	453,732		$	474,076		$	371,995
Merger-related charges, pre-tax
Salaries and employee benefits			23,047			23,531			65,655
Net occupancy expense			4,685			3,830			3,473
Furniture and equipment expense			992			245			427
Other			31,203			21,387			18,083
Total merger-related charges, pre-tax			59,927			48,993			87,638
Merger-related charges, net of tax			37,155			30,376			59,299
Income excluding discontinued operations and merger charges (non-GAAP)	B	$	490,887		$	504,452		$	431,294
Weighted-average shares outstanding - diluted	C		715,564			734,534			646,372
Earnings per share, excluding discontinued operations and merger charges - diluted	B/C	$	0.69		$	0.69		$	0.67
RETURN ON AVERAGE ASSETS
Average assets (GAAP)	D	$	137,538,592		$	141,963,691		$	124,577,836
Average assets, excluding discontinued operations	E	$	137,538,592		$	140,017,429		$	122,848,424
Return on average assets (GAAP)*	A/D		1.32	%		0.95	%		1.15	%
Return on average assets, ex. discontinued operations and merger charges (non-GAAP)*	B/E		1.43	%		1.46	%		1.39	%
RETURN ON AVERAGE EQUITY
Average equity (GAAP)	F	$	20,040,276		$	20,452,731		$	17,185,928
Average intangible assets (GAAP)			12,097,753			12,165,061			9,862,793
Average tangible equity	G	$	7,942,523		$	8,287,670		$	7,323,135
Average equity, excluding discontinued operations	H	$	20,040,276		$	20,360,732		$	17,039,768
Average intangible assets, excluding discontinued operations			12,097,753			12,165,061			9,862,793
Average tangible equity, excluding discontinued operations	I	$	7,942,523		$	8,195,671		$	7,176,975
Return on average equity (GAAP)*	A/F		9.07	%		6.60	%		8.35	%
Return on average tangible equity*	A/G		22.89	%		16.29	%		19.59	%
Return on average equity, ex. discontinued operations and merger charges* (non-GAAP)	B/H		9.82	%		10.05	%		10.04	%
Return on average tangible equity, ex. discontinued operations and merger charges (non-GAAP)*	B/I		24.79	%		24.96	%		23.84	%

* Income statement amounts have been annualized in calculation

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PAGE 18

Forward-Looking Statements

This financial supplement to Regions’ 2nd quarter 2007 earnings may include forward-looking statements about Regions Financial Corporation within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “project,” and similar expressions often signify forward-looking statements. Such statements involve inherent risks and uncertainties. Regions cautions that actual results and events could differ materially from expectations expressed in forward-looking statements as a result of factors such as possible changes in economic and business conditions and interest rates; Regions’ ability to integrate the recent combination with AmSouth Bancorporation and to retain and attract customers; the effects of geopolitical instability and risks such as terrorist attacks; the effects of weather and natural disasters such as hurricanes; possible changes in laws and regulations and governmental monetary and fiscal policies; the cost and other effects of legal and administrative cases and similar contingencies; possible changes in the credit worthiness of customers and the possible impairment of collectibility of loans; increased competition from both banks and non-banks; and effects of critical accounting policies and judgments. For discussion of these and other risks that may cause actual results to differ from expectations, please look under the caption “Forward Looking Statements” in Regions’ Annual Report on Form 10-K for the year ended December 31, 2006 and in subsequently-filed Forms 10-Q, as on file with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which speak only as of the date made. Regions assumes no obligation to update or revise any forward-looking statements that are made from time to time.

Regions’ Investor Relations contact is List Underwood at (205) 801-0265; Regions’ Media contact is Rick Swagler at (205) 801-0105.