Regions Financial (RF) 8-K Regions Reports Financial Results for Second Quarter 2009

Exhibit 99.2

FINANCIAL SUPPLEMENT TO SECOND QUARTER 2009 EARNINGS RELEASE

Summary

Quarterly loss of $0.28 per diluted share; solid underlying business performance offset by increased provision for loan losses

• Significant second quarter drivers include: $912 million loan loss provision ($421 million above net charge-offs);strong non-interest revenues, largely due to stronger service charges and brokerage income;3 percent increase in net interest income, as net interest margin steadied; Results include$61 million gain related to exchange of trust preferred securities; $80 million Visa share sale gain; $108 million of securities gains;$69 million securities related impairment; and $64 million FDIC special assessment expense

• Pre-provision net revenue, excluding items listed above, rose 11 percent versus 1Q09

Deposits and households continue to grow; record customer satisfaction

• Average customer deposits grew 3% linked quarter, up 10% versus the year-ago quarter average

• Average non-interest bearing deposits continue to rise, growing 8% linked quarter

• A record 491,000 of new retail and business checking accounts opened year-to-date

• Outstanding customer satisfaction; top quartile performance in latest Gallup poll; most improved retail bank according to latest J.D. Power and Associates survey

Stabilizing net interest margin contributes to growth in net interest income

• Second quarter net interest income increased $22 million to $831 million

• Net interest margin steadied, declining two basis points to 2.62 percent, reflecting continued low-cost deposit growth, especially in non-interest bearing products, and improved loan spreads due to better pricing discipline

• Excluding the impact of the linked-quarter increase in excess liquidity holdings, net interest margin improved 6 basis points

• Impact of the declining interest rate environment has largely worked its way through the Company’s asset sensitive balance sheet, which is well-positioned for an eventual rising rate environment

• Trends in deposit pricing and loan spreads should continue to support a stable net interest margin during this period of historic low interest rates

Strong underlying non-interest income; continued focus on performance and efficiency

• Non-interest revenues increased 12 percent versus the prior quarter; excluding the impact of leveraged lease terminations, security gains, Visa shares gain and gain on trust preferred exchange, non-interest revenues increased 10 percent on a linked-quarter basis

• Service charges income increased $19 million or 7 percent to $288 million, benefited from a higher level of customer transactions, new account growth and seasonal factors

• Brokerage income increased $46 million or 21 percent to $263 million, driven by strong fixed income results and an improved equity market environment

• Mortgage income remained strong in the 2nd quarter, totaling $64 million, reflecting favorable mortgage interest rate environment

• Non-interest income impacted by $189 million of income related to the Company’s unwinding of leveraged lease transactions; However, minimal bottom line impact as transactions were offset by $196 million in tax expense

• In transactions related to the Company’s capital plan, recorded a $61 million pre-tax gain on the early extinguishment of debt (trust preferred securities), sold remaining interest in Visa shares, recognizing an $80 million pre-tax gain, and sold $1.4 billion of U.S. Government Agency debentures at a $108 million pre-tax gain, reinvesting the proceeds in U.S. Government Agency mortgage-backed securities

• Higher non-interest expense level mainly attributable to increased salaries and benefits cost, primarily due to increased incentives tied to the increase in brokerage revenues, and higher FDIC insurance costs

• Non-interest expenses include a $64 million special FDIC assessment and $69 million in other-than-temporary impairment charges on securities

Provision for loan losses increased to $912 million, $421 million above net charge-offs; Allowance for credit losses increased to 2.43% of loans, primarily due to migration of commercial real estate into problem loan status and additions to non-performing loans

• Net charge-offs rose to 2.06 percent of loans in the second quarter versus 1.64% in the previous quarter; increase primarily attributable to most stressed portfolios - homebuilder, condo and home equity second liens in Florida

• Non-performing loans increased $977 million in the second quarter, largely driven by homebuilder and condominium properties

• Certain income producing lending types, including retail and multi-family commercial real estate portfolios, are also coming under pressure from the faltering economy

• Allowance for credit losses increased $400 million in the second quarter to 2.43 percent of loans as compared to 2.02 percent in the first quarter

• Allowance coverage ratio (ALL/NPL, excluding loans held for sale) at 0.87x as of June 30, 2009

Continued focus on stressed portfolio and balance sheet de-risking

• Residential homebuilder portfolio exposure declines $362 million, down $3.4 billion since the beginning of 2008

• Condominium exposure steadily declining, down another $139 million to $711 million; less than 1 percent of overall loan portfolio

• Florida second lien home equity exposure down slightly, totaling $3.6 billion; net charge off rate rose to 7.89 percent, compared to 5.99 percent in the first quarter, mainly reflecting the impact of declining housing prices in Florida

Capital position significantly strengthened

• Supervisory Capital Assessment Program (SCAP) requirements fully completed

• Tier 1 capital ratio increased to 12.2 percent at June 30, 2009, $6.9 billion above “Well Capitalized” threshold

• Tier 1 common ratio increased to 8.1 percent, up approximately 160 basis points versus the previous quarter (see non-GAAP reconciliation)

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 2

Regions Financial Corporation and Subsidiaries

Consolidated Balance Sheets

(Unaudited)

($ amounts in millions)	Quarter Ended
	6/30/09			3/31/09			12/31/08			9/30/08			6/30/08
Assets:
Cash and due from banks	$	2,363		$	2,429		$	2,643		$	2,986		$	3,161
Interest-bearing deposits in other banks		2,846			2,288			7,540			30			46
Federal funds sold and securities purchased under agreements to resell		3,221			418			790			542			949
Trading account assets		1,109			1,348			1,050			1,268			1,483
Securities available for sale		19,681			20,970			18,850			17,633			17,725
Securities held to maturity		43			45			47			50			48
Loans held for sale		1,932			1,956			1,282			1,054			677
Loans, net of unearned income		96,149			95,686			97,419			98,712			98,267
Allowance for loan losses		(2,282	)		(1,861	)		(1,826	)		(1,472	)		(1,472	)
Net loans		93,867			93,825			95,593			97,240			96,795
Other interest-earning assets		829			849			897			587			534
Premises and equipment, net		2,789			2,808			2,786			2,730			2,726
Interest receivable		501			426			458			512			510
Goodwill		5,556			5,551			5,548			11,529			11,515
Mortgage servicing rights (MSRs)		202			161			161			263			271
Other identifiable intangible assets		568			603			638			675			709
Other assets		7,304			8,303			7,965			7,193			7,287
Total Assets	$	142,811		$	141,980		$	146,248		$	144,292		$	144,436
Liabilities and Stockholders’ Equity:
Deposits:
Non-interest-bearing	$	20,995		$	19,988		$	18,457		$	18,045		$	18,334
Interest-bearing		73,731			73,548			72,447			71,176			71,570
Total deposits		94,726			93,536			90,904			89,221			89,904
Borrowed funds:
Short-term borrowings:
Federal funds purchased and securities sold under agreements to repurchase		2,265			2,828			3,143			10,427			8,664
Other short-term borrowings		4,927			6,525			12,679			7,115			8,926
Total short-term borrowings		7,192			9,353			15,822			17,542			17,590
Long-term borrowings		18,238			18,762			19,231			14,168			13,319
Total borrowed funds		25,430			28,115			35,053			31,710			30,909
Other liabilities		3,918			3,512			3,478			3,656			3,915
Total Liabilities		124,074			125,163			129,435			124,587			124,728
Stockholders’ equity:
Preferred stock, Series A		3,325			3,316			3,307			—			—
Preferred stock, Series B		278			—			—			—			—
Common stock		12			7			7			7			7
Additional paid-in capital		18,740			16,828			16,815			16,607			16,588
Retained earnings (deficit)		(2,169	)		(1,913	)		(1,869	)		4,445			4,437
Treasury stock, at cost		(1,413	)		(1,415	)		(1,425	)		(1,424	)		(1,371	)
Accumulated other comprehensive income (loss), net		(36	)		(6	)		(22	)		70			47
Total Stockholders’ Equity		18,737			16,817			16,813			19,705			19,708
Total Liabilities and Stockholders’ Equity	$	142,811		$	141,980		$	146,248		$	144,292		$	144,436

FINANCIAL SUPPLEMENT TO

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PAGE 3

Regions Financial Corporation and Subsidiaries

Consolidated Statements of Operations (1)

(Unaudited)

	Quarter Ended
($ amounts in millions, except per share data)	6/30/09			3/31/09		12/31/08			9/30/08			6/30/08
Interest income on:
Loans, including fees	$	1,073		$	1,098	$	1,328		$	1,318		$	1,375
Securities:
Taxable		239			239		212			208			208
Tax-exempt		5			7		9			11			10
Total securities		244			246		221			219			218
Loans held for sale		15			16		8			9			9
Federal funds sold and securities purchased under agreements to resell		1			1		2			5			4
Trading account assets		10			12		11			13			18
Other interest-earning assets		8			6		11			5			6
Total interest income		1,351			1,379		1,581			1,569			1,630
Interest expense on:
Deposits		330			366		408			391			422
Short-term borrowings		16			20		69			102			85
Long-term borrowings		174			184		180			154			144
Total interest expense		520			570		657			647			651
Net interest income		831			809		924			922			979
Provision for loan losses		912			425		1,150			417			309
Net interest income (loss) after provision for loan losses		(81	)		384		(226	)		505			670
Non-interest income:
Service charges on deposit accounts		287			269		288			294			294
Brokerage, investment banking and capital markets		264			217		241			241			272
Mortgage income		64			73		34			33			25
Trust department income		48			46		52			66			59
Securities gains, net		108			53		—			—			1
Other		428			408		87			85			93
Total non-interest income		1,199			1,066		702			719			744
Non-interest expense:
Salaries and employee benefits		586			539		562			552			599
Net occupancy expense		112			107		114			110			111
Furniture and equipment expense		78			76		79			88			87
Impairment (recapture) of MSR’s		—			—		99			11			(67	)
Goodwill impairment		—			—		6,000			—			—
Other-than-temporary impairments (2)		69			3		13			9			1
Other		386			333		406			358			410
Total non-interest expense (3)		1,231			1,058		7,273			1,128			1,141
Income (loss) before income taxes from continuing operations		(113	)		392		(6,797	)		96			273
Income tax expense (benefit)		75			315		(579	)		6			67
Income (loss) from continuing operations		(188	)		77		(6,218	)		90			206
Discontinued operations:
Loss from discontinued operations before income taxes		—			—		—			(18	)		—
Income tax benefit		—			—		—			(7	)		—
Loss from discontinued operations, net of tax		—			—		—			(11	)		—
Net income (loss)	$	(188	)	$	77	$	(6,218	)	$	79		$	206
Income (loss) from continuing operations available to common shareholders	$	(244	)	$	26	$	(6,244	)	$	90		$	206
Net income (loss) available to common shareholders	$	(244	)	$	26	$	(6,244	)	$	79		$	206
Weighted-average shares outstanding—during quarter:
Basic		876			693		693			696			696
Diluted		876			694		693			696			696
Actual shares outstanding—end of quarter		1,188			695		691			692			695
Earnings (loss) per common share (4):
Basic	$	(0.28	)	$	0.04	$	(9.01	)	$	0.11		$	0.30
Diluted	$	(0.28	)	$	0.04	$	(9.01	)	$	0.11		$	0.30
Cash dividends declared per common share	$	0.01		$	0.10	$	0.10		$	0.10		$	0.38
Taxable-equivalent net interest income from continuing operations	$	840		$	817	$	933		$	931		$	990

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

(2) Includes $260 million of gross charges, net of $191 million noncredit related portion recognized in other comprehensive income, in 2Q09.

(3) Merger-related charges total $25 million in 3Q08 and $100 million in 2Q08. See page 24 for additional detail.

(4) Includes preferred stock dividends

FINANCIAL SUPPLEMENT TO

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PAGE 4

Regions Financial Corporation and Subsidiaries

Consolidated Statements of Operations (1)

(Unaudited)

($ amounts in millions, except per share data)	Six Months Ended June 30
	2009			2008
Interest income on:
Loans, including fees	$	2,171		$	2,904
Securities:
Taxable		478			408
Tax-exempt		12			20
Total securities		490			428
Loans held for sale		31			18
Federal funds sold and securities purchased under agreements to resell		2			11
Trading account assets		22			39
Other interest-earning assets		14			13
Total interest income		2,730			3,413
Interest expense on:
Deposits		696			925
Short-term borrowings		36			198
Long-term borrowings		358			293
Total interest expense		1,090			1,416
Net interest income		1,640			1,997
Provision for loan losses		1,337			490
Net interest income after provision for loan losses		303			1,507
Non-interest income:
Service charges on deposit accounts		556			566
Brokerage, investment banking and capital markets		481			545
Mortgage income		137			71
Trust department income		94			116
Securities gains, net		161			92
Other		836			262
Total non-interest income		2,265			1,652
Non-interest expense:
Salaries and employee benefits		1,125			1,242
Net occupancy expense		219			218
Furniture and equipment expense		154			167
Recapture of MSR’s		—			(25	)
Other-than-temporary impairments (2)		72			1
Other		719			788
Total non-interest expense (3)		2,289			2,391
Income (loss) before income taxes from continuing operations		279			768
Income tax expense (benefit)		390			225
Net income (loss)		($111	)	$	543
Income (loss) from continuing operations available to common shareholders		($218	)	$	543
Net income (loss) available to common shareholders		($218	)	$	543
Weighted-average shares outstanding—year-to-date:
Basic		785			696
Diluted		785			696
Actual shares outstanding—end of period		1,188			695
Earnings (loss) per common share (4):
Basic	$	(0.28	)	$	0.78
Diluted	$	(0.28	)	$	0.78
Cash dividends declared per common share	$	0.11		$	0.76
Taxable equivalent net interest income from continuing operations	$	1,657		$	2,016

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

(2) Includes $263 million of gross charges, net of $191 million noncredit related portion recognized in other comprehensive income, in 2009.

(3) Merger-related charges total $100 million in 2Q08. See page 24 for additional detail.

(4) Includes preferred stock dividends

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PAGE 5

Regions Financial Corporation and Subsidiaries

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

($ amounts in millions; yields on taxable- equivalent basis)	Quarter Ended
	6/30/09							3/31/09							12/31/08							9/30/08							6/30/08
	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	$	508		$	1	0.49	%	$	545		$	1	0.80	%	$	608		$	2	1.37	%	$	1,000		$	5	1.96	%	$	883		$	4	2.05	%
Trading account assets		1,221			11	3.58	%		1,234			13	4.21	%		1,334			12	3.50	%		1,348			14	4.06	%		1,400			19	5.53	%
Securities:
Taxable		19,453			239	4.92	%		19,160			239	5.06	%		17,081			212	4.92	%		16,962			208	4.88	%		16,978			208	4.93	%
Tax-exempt		562			8	6.30	%		687			11	6.34	%		800			14	7.15	%		767			16	8.61	%		720			15	8.51	%
Loans held for sale		1,790			16	3.41	%		1,819			15	3.45	%		823			8	4.17	%		563			9	6.02	%		650			9	5.94	%
Loans, net of unearned income (2)		95,382			1,077	4.53	%		96,648			1,102	4.62	%		99,134			1,331	5.34	%		98,333			1,321	5.34	%		97,194			1,380	5.70	%
Other interest-earning assets		9,700			8	0.36	%		5,599			6	0.40	%		5,604			11	0.78	%		582			5	3.37	%		636			6	3.61	%
Total interest-earning assets		128,616		$	1,360	4.24	%		125,692		$	1,387	4.47	%		125,384		$	1,590	5.05	%		119,555		$	1,578	5.25	%		118,461		$	1,641	5.57	%
Allowance for loan losses		(1,917	)						(1,868	)						(1,456	)						(1,491	)						(1,371	)
Cash and due from banks		2,269							2,396							2,499							2,421							2,425
Other non-earning assets		17,119							17,343							21,647							22,756							23,046
	$	146,087						$	143,563						$	148,074						$	143,241						$	142,561
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Savings accounts	$	4,029		$	1	0.11	%	$	3,804		$	1	0.12	%	$	3,691		$	1	0.12	%	$	3,774		$	1	0.11	%	$	3,810		$	1	0.11	%
Interest-bearing transaction accounts		14,277			11	0.30	%		14,909			10	0.27	%		14,393			20	0.55	%		14,831			28	0.77	%		15,397			32	0.84	%
Money market accounts		22,138			43	0.78	%		21,204			67	1.28	%		20,565			93	1.79	%		20,394			81	1.59	%		21,427			83	1.56	%
Time deposits		33,442			275	3.30	%		32,894			288	3.55	%		31,849			293	3.65	%		30,168			273	3.60	%		29,933			292	3.93	%
Other		728			—	0.14	%		530			—	0.07	%		1,262			1	0.42	%		1,733			8	1.71	%		2,523			14	2.20	%
Total interest-bearing deposits		74,614			330	1.78	%		73,341			366	2.02	%		71,760			408	2.26	%		70,900			391	2.20	%		73,090			422	2.32	%
Federal funds purchased and securities sold under agreements to repurchase		3,734			3	0.33	%		3,199			3	0.41	%		4,458			12	1.08	%		9,906			52	2.07	%		7,683			39	2.06	%
Other short-term borrowings		7,427			13	0.71	%		9,023			17	0.73	%		14,260			57	1.59	%		8,014			50	2.49	%		7,097			46	2.61	%
Long-term borrowings		18,829			174	3.70	%		18,958			184	3.95	%		16,069			180	4.47	%		13,364			154	4.58	%		12,926			144	4.46	%
Total interest-bearing liabilities		104,604		$	520	2.00	%		104,521		$	570	2.21	%		106,547		$	657	2.45	%		102,184		$	647	2.52	%		100,796		$	651	2.60	%
Net interest spread						2.24	%						2.26	%						2.60	%						2.73	%						2.97	%
Non-interest-bearing deposits		20,421							18,896							17,773							17,691							17,814
Other liabilities		3,567							3,436							3,344							3,652							4,169
Stockholders’ equity		17,495							16,710							20,410							19,714							19,782
	$	146,087						$	143,563						$	148,074						$	143,241						$	142,561
Net interest income/margin FTE basis				$	840	2.62	%				$	817	2.64	%				$	933	2.96	%				$	931	3.10	%				$	990	3.36	%

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

(2) 3Q08 loan income includes a $43.1 million reduction for the impact of a leveraged lease tax settlement. The yield on loans adjusted to exclude the settlement would be 5.52% in 3Q08.

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 6

Regions Financial Corporation and Subsidiaries

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

	Six Months Ended June 30
	2009							2008
($ 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	$	526		$	2	0.65	%	$	932		$	11	2.50	%
Trading account assets		1,227			24	3.89	%		1,607			40	5.04	%
Securities:
Taxable securities		19,307			478	4.99	%		16,772			408	4.90	%
Tax-exempt		624			19	6.32	%		724			30	8.36	%
Loans held for sale		1,805			31	3.43	%		635			18	5.89	%
Loans, net of unearned income		96,012			2,179	4.58	%		96,456			2,912	6.07	%
Other earning assets		7,661			14	0.38	%		640			13	4.12	%
Total interest-earning assets		127,162			2,747	4.36	%		117,766			3,432	5.86	%
Allowance for loan losses		(1,893	)						(1,352	)
Cash and due from banks		2,333							2,586
Other non-earning assets		17,230							23,218
	$	144,832						$	142,218
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Savings accounts	$	3,917		$	2	0.12	%	$	3,755		$	2	0.12	%
Interest-bearing transaction accounts		14,591			21	0.28	%		15,508			78	1.02	%
Money market accounts		21,674			110	1.03	%		21,721			199	1.84	%
Time deposits		33,169			563	3.42	%		29,753			608	4.11	%
Other		630			—	0.11	%		2,658			38	2.83	%
Total interest-bearing deposits		73,981			696	1.90	%		73,395			925	2.54	%
Federal funds purchased and securities sold under agreements to repurchase		3,468			6	0.37	%		8,218			107	2.63	%
Other short-term borrowings		8,221			30	0.72	%		6,244			91	2.93	%
Long-term borrowings		18,893			358	3.82	%		12,290			293	4.79	%
Total interest-bearing liabilities		104,563			1,090	2.10	%		100,147			1,416	2.84	%
Net interest spread						2.26	%						3.02	%
Non-interest bearing deposits		19,663							17,708
Other liabilities		3,502							4,550
Stockholders’ equity		17,104							19,813
	$	144,832						$	142,218
Net interest income/margin FTE basis				$	1,657	2.63	%				$	2,016	3.44	%

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

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 7

Regions Financial Corporation and Subsidiaries

Selected Ratios

	As of and for Quarter Ended
	6/30/09			3/31/09			12/31/08			9/30/08			6/30/08
Return on average assets*		(0.67	%)		0.07	%		NM			0.22	%		0.58	%
Return on average common equity*		(6.96	%)		0.77	%		NM			1.60	%		4.20	%
Return on average tangible common equity* (non-GAAP)		(12.34	%)		1.43	%		NM			4.20	%		10.98	%
Common equity per share	$	12.74		$	19.43		$	19.53		$	28.48		$	28.37
Tangible common book value per share (non-GAAP)	$	7.58		$	10.57		$	10.59		$	10.84		$	10.77
Stockholders’ equity to total assets		13.12	%		11.84	%		11.50	%		13.66	%		13.65	%
Tangible common stockholders’ equity to tangible assets (non-GAAP)		6.59	%		5.41	%		5.23	%		5.69	%		5.67	%
Tier 1 Common risk-based ratio (non-GAAP) (1)		8.1	%		6.5	%		6.6	%		6.5	%		6.5	%
Tier 1 Capital (1)		12.2	%		10.4	%		10.4	%		7.5	%		7.5	%
Total Risk-Based Capital (1)		16.3	%		14.6	%		14.6	%		11.7	%		11.8	%
Allowance for credit losses as a percentage of loans, net of unearned income (2)		2.43	%		2.02	%		1.95	%		1.57	%		1.56	%
Allowance for loan losses as a percentage of loans, net of unearned income		2.37	%		1.94	%		1.87	%		1.49	%		1.50	%
Allowance for credit losses to non-performing loans		0.89x			1.18x			1.81x			1.07x			1.09x
Allowance for loan losses to non-performing loans		0.87x			1.13x			1.74x			1.02x			1.04x
Net interest margin (FTE) (3)		2.62	%		2.64	%		2.96	%		3.10	%		3.36	%
Loans, net of unearned income, to total deposits		101.50	%		102.30	%		107.17	%		110.64	%		109.30	%
Net charge-offs as a percentage of average loans*		2.06	%		1.64	%		3.19	%		1.68	%		0.86	%
Non-performing assets (excluding loans 90 days past due) as a percentage of loans and other real estate		3.55	%		2.43	%		1.76	%		1.79	%		1.65	%
Non-performing assets (excluding loans 90 days past due) as a percentage of loans and other real estate (4)		3.17	%		2.02	%		1.33	%		1.66	%		1.65	%
Non-performing assets (including loans 90 days past due) as a percentage of loans and other real estate		4.18	%		3.24	%		2.33	%		2.25	%		2.09	%
Non-performing assets (including loans 90 days past due) as a percentage of loans and other real estate (4)		3.80	%		2.83	%		1.89	%		2.12	%		2.08	%

* 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) 3Q08 lower by 14 bps resulting from the impact of a leveraged lease tax settlement in the quarter

(4) Excludes loans held for sale

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 8

Loans (1)

Loan Portfolio - Period End Data

($ amounts in millions)	6/30/09		3/31/09		12/31/08		9/30/08		6/30/08		6/30/09 vs. 3/31/09					6/30/09 vs. 6/30/08
Commercial and industrial	$	23,619	$	22,585	$	23,596	$	23,511	$	23,242	$	1,034		4.6	%	$	377		1.6	%
Commercial real estate - non-owner-occupied		16,419		15,969		14,486		14,151		13,643		450		2.8	%		2,776		20.3	%
Commercial real estate - owner-occupied		12,282		11,926		11,722		11,569		11,277		356		3.0	%		1,005		8.9	%
Construction - non-owner-occupied		7,163		7,611		9,029		9,810		9,478		(448	)	-5.9	%		(2,315	)	-24.4	%
Construction - owner-occupied		1,060		1,328		1,605		1,810		2,523		(268	)	-20.2	%		(1,463	)	-58.0	%
Residential first mortgage		15,564		15,678		15,839		16,191		16,464		(114	)	-0.7	%		(900	)	-5.5	%
Home equity		15,796		16,023		16,130		15,849		15,447		(227	)	-1.4	%		349		2.3	%
Indirect		3,099		3,464		3,854		4,211		4,145		(365	)	-10.5	%		(1,046	)	-25.2	%
Other consumer		1,147		1,102		1,158		1,610		2,048		45		4.1	%		(901	)	-44.0	%
	$	96,149	$	95,686	$	97,419	$	98,712	$	98,267	$	463		0.5	%	$	(2,118	)	-2.2	%

Loan Portfolio - Average Balances

($ amounts in millions)	2Q09		1Q09		4Q08		3Q08		2Q08		2Q09 vs. 1Q09					2Q09 vs. 2Q08
Commercial and industrial	$	22,707	$	23,095	$	24,122	$	22,916	$	22,403	$	(388	)	-1.7	%	$	304		1.4	%
Commercial real estate - non-owner-occupied		16,081		15,215		14,313		13,836		13,521		866		5.7	%		2,560		18.9	%
Commercial real estate - owner-occupied		11,983		11,773		11,574		11,371		11,220		210		1.8	%		763		6.8	%
Construction - non-owner-occupied		7,474		8,420		9,802		9,837		9,476		(946	)	-11.2	%		(2,002	)	-21.1	%
Construction - owner-occupied		1,198		1,524		1,782		2,205		2,675		(326	)	-21.4	%		(1,477	)	-55.2	%
Residential first mortgage		15,593		15,708		16,005		16,304		16,578		(115	)	-0.7	%		(985	)	-5.9	%
Home equity		15,940		16,115		16,036		15,659		15,253		(175	)	-1.1	%		687		4.5	%
Indirect		3,276		3,660		4,043		4,214		4,039		(384	)	-10.5	%		(763	)	-18.9	%
Other consumer		1,130		1,138		1,457		1,991		2,029		(8	)	-0.7	%		(899	)	-44.3	%
	$	95,382	$	96,648	$	99,134	$	98,333	$	97,194	$	(1,266	)	-1.3	%	$	(1,812	)	-1.9	%

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

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 9

Deposits (1)

Deposit Portfolio - Period End Data

($ amounts in millions)	6/30/09		3/31/09		12/31/08		9/30/08		6/30/08		6/30/09 vs. 3/31/09					6/30/09 vs. 6/30/08
Customer Deposits
Interest-free deposits	$	20,995	$	19,988	$	18,457	$	18,045	$	18,334	$	1,007		5.0	%	$	2,661		14.5	%
Interest-bearing checking		14,140		14,800		15,022		14,616		15,381		(660	)	-4.5	%		(1,241	)	-8.1	%
Savings		4,033		3,970		3,663		3,709		3,819		63		1.6	%		214		5.6	%
Money market - domestic		21,571		19,969		19,471		17,098		17,993		1,602		8.0	%		3,578		19.9	%
Money market - foreign		1,075		1,357		1,812		2,454		3,122		(282	)	-20.8	%		(2,047	)	-65.6	%
Low-cost deposits		61,814		60,084		58,425		55,922		58,649		1,730		2.9	%		3,165		5.4	%
Time deposits		32,724		33,379		32,369		29,288		27,376		(655	)	-2.0	%		5,348		19.5	%
Total customer deposits		94,538		93,463		90,794		85,210		86,025		1,075		1.2	%		8,513		9.9	%
Corporate Treasury Deposits
Time deposits		188		73		110		1,123		3,086		115		156.0	%		(2,898	)	-93.9	%
Other		—		—		—		2,888		793		—		NM			(793	)	-100.0	%
Total corporate treasury deposits		188		73		110		4,011		3,879		115		156.0	%		(3,691	)	-95.2	%
Total Deposits	$	94,726	$	93,536	$	90,904	$	89,221	$	89,904	$	1,190		1.3	%	$	4,822		5.4	%
Deposit Portfolio - Average Balances
($ amounts in millions)	2Q09		1Q09		4Q08		3Q08		2Q08		2Q09 vs. 1Q09					2Q09 vs. 2Q08
Customer Deposits
Interest-free deposits	$	20,421	$	18,896	$	17,773	$	17,691	$	17,814	$	1,525		8.1	%	$	2,607		14.6	%
Interest-bearing checking		14,277		14,909		14,393		14,831		15,397		(632	)	-4.2	%		(1,120	)	-7.3	%
Savings		4,029		3,804		3,691		3,774		3,810		225		5.9	%		219		5.7	%
Money market - domestic		20,962		19,670		18,432		17,534		18,315		1,292		6.6	%		2,647		14.5	%
Money market - foreign		1,176		1,534		2,133		2,860		3,112		(358	)	-23.3	%		(1,936	)	-62.2	%
Low-cost deposits		60,865		58,813		56,422		56,690		58,448		2,052		3.5	%		2,417		4.1	%
Time deposits		33,221		32,814		31,442		27,770		27,248		407		1.2	%		5,973		21.9	%
Total customer deposits		94,086		91,627		87,864		84,460		85,696		2,459		2.7	%		8,390		9.8	%
Corporate Treasury Deposits
Time deposits		221		80		407		2,398		2,685		141		176.2	%		(2,464	)	-91.8	%
Other		728		530		1,262		1,733		2,523		198		37.6	%		(1,795	)	-71.1	%
Total corporate treasury deposits		949		610		1,669		4,131		5,208		339		55.7	%		(4,259	)	-81.8	%
Total Deposits	$	95,035	$	92,237	$	89,533	$	88,591	$	90,904	$	2,798		3.0	%	$	4,131		4.5	%

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

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 10

Pre-Tax Pre-Provision Net Revenue (“PPNR”) (1)

($ amounts in millions)	2Q09			1Q09			4Q08			3Q08		2Q08			2Q09 vs. 1Q09					2Q09 vs. 2Q08
Net Interest Income	$	831		$	809		$	924		$	922	$	979			22		2.7	%	$	(148	)	-15.1	%
Non-Interest Income		1,199			1,066			702			719		744			133		12.5	%		455		61.2	%
Total Revenue		2,030			1,875			1,626			1,641		1,723			155		8.3	%		307		17.8	%
Non-Interest Expense		1,231			1,058			7,273			1,128		1,141			173		16.4	%		90		7.9	%
Pre-tax Pre-provision Net Revenue	$	799		$	817		$	(5,647	)	$	513	$	582			(18	)	-2.2	%		217		37.3	%
Adjustments:
Securities gains, net		(108	)		(53	)		—			—		(1	)		(55	)	103.8	%		(107	)	NM
Gain on sale of Visa shares		(80	)		—			—			—		—			(80	)	NM			(80	)	NM
Leveraged lease termination gains		(189	)		(323	)		—			—		—			134		-41.5	%		(189	)	NM
Gain on extinguishment of debt		(61	)		—			—			—		—			(61	)	NM			(61	)	NM
Impairment (recapture) of MSR’s		—			—			99			11		(67	)		—		NM			67		NM
FDIC special assessment		64			—			—			—		—			64		NM			64		NM
Securities impairment, net		69			3			13			9		1			66		NM			68		NM
Merger-related charges		—			—			—			25		100			0		NM			(100	)	NM
Goodwill impairment		—			—			6,000			—		—			0		NM			—		NM
Total adjustments		(305	)		(373	)		6,112			45		33			68		-18.2	%		(338	)	NM
Adjusted PPNR	$	494		$	444		$	465		$	558	$	615		$	50		11.3	%	$	(121	)	-19.7	%

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

• Adjusted PPNR increased 11% linked quarter.

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 11

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

Non-Interest Income and Expense

Non-Interest Income

($ amounts in millions)	2Q09		1Q09		4Q08		3Q08		2Q08			2Q09 vs. 1Q09					2Q09 vs. 2Q08
Service charges on deposit accounts	$	288	$	269	$	288	$	294	$	294		$	19		7.1	%	$	(6	)	-2.0	%
Brokerage, investment banking and capital markets		263		217		241		241		272			46		21.2	%		(9	)	-3.3	%
Mortgage income		64		73		34		33		25			(9	)	-12.3	%		39		156.0	%
Trust department income		48		46		52		66		59			2		4.3	%		(11	)	-18.6	%
Securities gains, net		108		53		—		—		1			55		103.8	%		107		NM
Insurance income		27		28		26		26		27			(1	)	-3.6	%		—		NM
Leveraged lease termination gains		189		323		—		—		—			(134	)	-41.5	%		189		NM
Visa shares sale gain		80		—		—		—		—			80		NM			80		NM
Gain on early extinguishment of debt		61		—		—		—		—			61		NM			61		NM
Other		71		57		61		59		66			14		24.6	%		5		7.6	%
Total non-interest income	$	1,199	$	1,066	$	702	$	719	$	744		$	133		12.5	%	$	455		61.2	%
Non-Interest Expense (2)
($ amounts in millions)	2Q09		1Q09		4Q08		3Q08		2Q08			2Q09 vs. 1Q09					2Q09 vs. 2Q08
Salaries and employee benefits	$	586	$	539	$	562	$	527	$	552		$	47		8.7	%	$	34		6.2	%
Net occupancy expense		112		107		114		110		109			5		4.7	%		3		2.8	%
Furniture and equipment expense		78		76		79		88		82			2		2.6	%		(4	)	-4.9	%
Impairment (recapture) of MSR’s		—		—		99		11		(67	)		—		NM			67		-100.0	%
Professional fees		50		53		74		52		49			(3	)	-5.7	%		1		2.0	%
Marketing expense		20		17		21		23		19			3		17.6	%		1		5.3	%
Amortization of core deposit intangible		30		31		32		33		34			(1	)	-3.2	%		(4	)	-11.8	%
Amortization of MSR’s		—		—		16		13		22			—		NM			(22	)	-100.0	%
Other real estate owned expense		24		26		32		44		20			(2	)	-7.7	%		4		20.0	%
Other-than-temporary impairments, net		69		3		13		9		1			66		NM			68		NM
FDIC premiums - special assessment		64		—		—		—		—			64		NM			64		NM
FDIC premiums		43		10		6		4		2			33		NM			41		NM
Other		155		196		225		189		218			(41	)	-20.9	%		(63	)	-28.9	%
Total non-interest expense, excluding merger and goodwill impairment charges		1,231		1,058		1,273		1,103		1,041			173		16.4	%		190		18.3	%
Merger-related charges		—		—		—		25		100			—		NM			(100	)	-100.0	%
Goodwill impairment charge		—		—		6,000		—		—			—		NM			—		NM
Total non-interest expense	$	1,231	$	1,058	$	7,273	$	1,128	$	1,141		$	173		16.4	%	$	90		7.9	%

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

(2) Individual expense categories are presented excluding merger-related charges and goodwill impairment, which are presented in separate line items in the above table

• Service charges increased $19 million linked quarter, largely reflecting higher customer transaction volumes, new account growth and seasonality

• Brokerage, investment banking and capital markets income increased 21% linked quarter, primarily reflecting strong fixed income results and an improved equity market environment

• Mortgage income remained strong, declining only $9 million after a record first quarter. Refinance activity remained solid, although moderating slightly, in the second quarter with the continuation of a relatively favorable mortgage rate environment.

• 2Q09 reflects both the sale of approximately $1.4 billion of agency debentures ($108 million gain) and the sale of Visa shares ($80 million gain). The proceeds from the sale of the agency debentures were reinvested in U.S. Government Agency mortgage-backed securities classified as available for sale, as part of Regions’ asset/liability management strategy.

• 1Q09 securities gains reflect sale of approximately $656 million of U.S. Treasury securities with the proceeds reinvested in U.S. government agency mortgage-backed securities classified as available for sale, as part of Regions’ asset/liability management strategy

• Leveraged lease termination gains reflect revenue recorded as a result of Regions unwinding certain leveraged lease transactions. These amounts totaled $189 million in 2Q09 and $323 million in 1Q09; however these amounts were offset by $196 million and $315 million in increased tax expense, respectively, resulting in a nominal impact to net income.

• On January 1, 2009, Regions began accounting for mortgage servicing rights at fair market value with any changes to fair value being recorded within mortgage income. Regions also entered into derivative transactions to mitigate the impact of market value fluctuations. Therefore, beginning in 1Q09 there is no expense for MSR impairment or amortization of MSRs.

• Salaries and employee benefits increased $47 million linked quarter, or 9%, mainly reflecting higher commissions and incentives tied to the increase in brokerage income.

• 2Q09 non-interest expense was negatively impacted by higher FDIC insurance expenses, including a $64 million special assessment, and $69 million of securities valuation charges.

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 12

Morgan Keegan

Morgan Keegan

Summary Income Statement (excluding merger-related charges) (1)

($ amounts in millions)	2Q09		1Q09		4Q08		3Q08		2Q08		2Q09 vs. 1Q09					2Q09 vs. 2Q08
Revenues:
Commissions	$	48	$	49	$	56	$	61	$	65	$	(1	)	-2.0	%	$	(16	)	-25.0	%
Principal transactions		122		94		98		46		55		28		29.8	%		69		130.2	%
Investment banking		56		33		43		41		71		22		64.7	%		(15	)	-21.1	%
Interest		19		22		29		37		43		(3	)	-14.3	%		(9	)	-33.3	%
Trust fees and services		44		41		45		61		53		13		31.7	%		(3	)	-5.3	%
Investment advisory		32		29		50		49		54		3		10.3	%		(23	)	-41.8	%
Other		16		7		13		8		9		—		0.0	%		(6	)	-46.2	%
Total revenues		337		275		334		303		350		62		22.5	%		(3	)	-0.9	%
Expenses:
Interest expense		5		6		14		20		21		(1	)	-16.7	%		(7	)	-58.3	%
Non-interest expense		285		248		277		234		268		37		14.9	%		18		6.7	%
Total expenses		290		254		291		254		289		36		14.2	%		11		3.9	%
Income before income taxes		47		21		43		49		61		26		123.8	%		(14	)	-23.0	%
Income taxes		17		8		15		18		23		9		112.5	%		(6	)	-26.1	%
Net income	$	30	$	13	$	28	$	31	$	38	$	17		130.8	%	$	(8	)	-21.1	%

Breakout of Revenue by Division

($ amounts in millions)	Private Client			Fixed- Income Capital Markets			Equity Capital Markets			Regions MK Trust			Asset Management			Interest & Other
Three months ended June 30, 2009
$ amount of revenue	$	78		$	120		$	26		$	49		$	43		$	21
% of gross revenue		23.2	%		35.5	%		7.6	%		14.6	%		12.7	%		6.4	%
Three months ended March 31, 2009
$ amount of revenue	$	74		$	105		$	12		$	48		$	31		$	5
% of gross revenue		26.9	%		38.4	%		4.5	%		17.4	%		11.4	%		1.4	%
Six months ended June 30, 2009
$ amount of revenue	$	152		$	225		$	38		$	97		$	74		$	26
% of gross revenue		24.8	%		36.8	%		6.2	%		15.9	%		12.1	%		4.2	%
Six months ended June 30, 2008
$ amount of revenue	$	176		$	187		$	81		$	111		$	85		$	64
% of gross revenue		25.0	%		26.6	%		11.5	%		15.8	%		12.1	%		9.0	%

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

• Fixed Income Capital Markets revenue remained strong, improving on a linked quarter basis due to a larger volume of deals brought to the market

• Equity Capital Markets revenue benefited in 2Q09 from an increase of market activity and the recent addition of Revolution Partners

• 48,300 new accounts opened year-to-date, up 26 percent compared to the previous six months

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 13

Credit Quality (1)

Credit Quality

	As of and for Quarter Ended
($ in millions)	6/30/09			3/31/09			12/31/08			9/30/08			6/30/08
Allowance for credit losses (ACL)	$	2,335		$	1,935		$	1,900		$	1,546		$	1,536
Provision for loan losses	$	912		$	425		$	1,150		$	417		$	309
Provision for unfunded credit losses	$	(21	)	$	—		$	(1	)	$	9		$	9
Net loans charged-off:*
Commercial and industrial	$	84		$	58		$	73		$	51		$	26
Commercial real estate - non-owner-occupied		90			87			245			50			23
Commercial real estate - owner-occupied		15			12			32			9			9
Construction - non-owner-occupied		111			66			301			194			46
Construction - owner-occupied		3			4			4			5			—
Residential first mortgage		51			39			41			18			12
Home equity		113			95			69			63			73
Indirect		11			16			15			10			8
Other consumer		13			13			16			16			12
Total	$	491		$	390		$	796		$	416		$	209
Net loan charge-offs as a % of average loans, annualized*
Commercial and industrial		1.49	%		1.02	%		1.20	%		0.89	%		0.47	%
Commercial real estate - non-owner-occupied		2.23	%		2.30	%		6.80	%		1.45	%		0.68	%
Commercial real estate - owner-occupied		0.51	%		0.42	%		1.10	%		0.31	%		0.32	%
Construction - non-owner-occupied		5.94	%		3.18	%		12.20	%		7.83	%		1.95	%
Construction - owner-occupied		1.00	%		1.06	%		0.89	%		0.90	%		0.00	%
Residential first mortgage		1.31	%		1.02	%		1.05	%		0.45	%		0.28	%
Home equity		2.85	%		2.38	%		1.72	%		1.59	%		1.94	%
Indirect		1.31	%		1.74	%		1.43	%		0.96	%		0.80	%
Other consumer		4.78	%		4.70	%		4.38	%		3.21	%		2.33	%
Total		2.06	%		1.64	%		3.19	%		1.68	%		0.86	%
Non-accrual loans	$	2,618		$	1,641		$	1,052		$	1,441		$	1,410
Foreclosed properties		439			294			243			201			211
Non-performing assets, excluding loans held for sale	$	3,057		$	1,935		$	1,295		$	1,642		$	1,621
Non-performing assets held for sale		371			393			423			129			8
Non-performing assets (NPAs)	$	3,428		$	2,328		$	1,718		$	1,771		$	1,629
Loans past due > 90 days*	$	613		$	782		$	554		$	457		$	432
Restructured loans not included in categories above	$	1,178		$	737		$	455		$	139		$	102
Credit Ratios:
ACL/Loans, net		2.43	%		2.02	%		1.95	%		1.57	%		1.56	%
ALL/Loans, net		2.37	%		1.94	%		1.87	%		1.49	%		1.50	%
NPAs (ex. 90+ past due)/Loans and foreclosed properties		3.55	%		2.43	%		1.76	%		1.79	%		1.65	%
NPAs (ex. 90+ past due)/Loans and foreclosed properties - excludes loans held for sale		3.17	%		2.02	%		1.33	%		1.66	%		1.65	%
NPAs (inc. 90+ past due)/Loans and foreclosed properties		4.18	%		3.24	%		2.33	%		2.25	%		2.09	%
NPAs (inc. 90+ past due)/Loans and foreclosed properties - excludes loans held for sale		3.80	%		2.83	%		1.89	%		2.12	%		2.08	%

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

Allowance for Credit Losses

($ amounts in millions)	Six Months Ended June 30
	2009			2008
Balance at beginning of year	$	1,900		$	1,379
Net loans charged-off		(881	)		(335	)
Allowance allocated to sold loans		—			(5	)
Provision for loan losses		1,337			490
Provision for unfunded credit commitments		(21	)		7
Balance at end of period	$	2,335		$	1,536
Components:
Allowance for loan losses	$	2,282		$	1,471
Reserve for unfunded credit commitments		53			65
Allowance for credit losses	$	2,335		$	1,536

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

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 14

Loan Portfolio - Risk View

Total Loan Portfolio

($ in millions)	Ending Balance										% of Total Loans
	2Q09		1Q09		4Q08		3Q08		2Q08		2Q09		1Q09		4Q08		3Q08		2Q08
Commercial
Commercial and Industrial/Leases	$	20,003	$	18,853	$	19,581	$	19,221	$	18,953	21	%	20	%	20	%	19	%	19	%
Commercial Real Estate - Owner-Occupied Mortgages		5,573		5,147		4,780		4,646		4,612	6	%	5	%	5	%	5	%	5	%
Total Commercial		25,576		24,000		24,361		23,867		23,565	27	%	25	%	25	%	24	%	24	%
Commercial Real Estate
CRE - Non-Owner-Occupied Mortgages		13,034		12,425		10,732		10,306		9,780	14	%	13	%	11	%	11	%	9	%
Non-Owner Occupied Construction		6,961		7,316		8,624		9,325		8,887	7	%	8	%	9	%	10	%	10	%
Owner Occupied Construction		807		1,023		1,235		1,353		1,971	1	%	1	%	1	%	1	%	2	%
Construction		7,768		8,339		9,859		10,678		10,859	8	%	9	%	10	%	11	%	11	%
Total Commercial Real Estate		20,802		20,765		20,591		20,984		20,639	22	%	22	%	21	%	22	%	21	%
Business and Community Banking
Commercial and Industrial		3,616		3,732		4,015		4,290		4,289	4	%	4	%	4	%	4	%	4	%
Commercial Real Estate - Owner-Occupied Mortgages		6,709		6,779		6,942		6,923		6,665	7	%	7	%	7	%	7	%	7	%
CRE - Non-Owner-Occupied Mortgages		3,385		3,543		3,754		3,845		3,863	4	%	4	%	4	%	4	%	4	%
Non-Owner Occupied Construction		202		295		405		485		591	0	%	0	%	0	%	0	%	0	%
Owner Occupied Construction		253		305		370		457		552	0	%	0	%	0	%	0	%	0	%
Construction		455		600		775		942		1,143	0	%	1	%	1	%	1	%	1	%
Total Business and Community Banking		14,165		14,654		15,486		16,000		15,960	15	%	15	%	16	%	16	%	16	%
Residential First Mortgage
Alt-A		2,359		2,451		2,549		2,615		2,660	2	%	2	%	2	%	2	%	3	%
Residential First Mortgage		13,205		13,227		13,290		13,576		13,804	14	%	14	%	14	%	14	%	14	%
Total Residential First Mortgage		15,564		15,678		15,839		16,191		16,464	16	%	16	%	16	%	16	%	17	%
Consumer
Home Equity Lending		15,796		16,023		16,130		15,849		15,447	16	%	17	%	17	%	16	%	16	%
Indirect Lending		3,099		3,464		3,854		4,211		4,145	3	%	4	%	4	%	4	%	4	%
Direct Lending		786		783		826		873		928	1	%	1	%	1	%	1	%	1	%
Other Consumer		361		319		332		737		1,120	0	%	0	%	0	%	1	%	1	%
Total Other Consumer		20,042		20,590		21,142		21,670		21,640	20	%	22	%	22	%	22	%	22	%
Total Loans	$	96,149	$	95,686	$	97,419	$	98,712	$	98,267	100	%	100	%	100	%	100	%	100	%

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 15

Loan Portfolio - Risk View

Net Charge-offs

($ in millions)	Net Charge-offs (1)										% of Loans* (1)
	2Q09		1Q09		4Q08		3Q08		2Q08		2Q09		1Q09		4Q08		3Q08		2Q08
Commercial
Commercial and Industrial/Leases	$	46	$	27	$	43	$	28	$	7	0.97	%	0.57	%	0.86	%	0.61	%	0.16	%
Commercial Real Estate - Owner-Occupied Mortgages		14		10		26		8		8	1.06	%	0.86	%	2.21	%	0.72	%	0.70	%
Total Commercial		60		37		69		36		15	0.99	%	0.63	%	1.11	%	0.63	%	0.27	%
Commercial Real Estate
CRE - Non-Owner-Occupied Mortgages		88		83		241		49		22	2.80	%	2.91	%	9.14	%	2.11	%	0.99	%
Non-Owner Occupied Construction		110		66		300		189		45	6.08	%	3.30	%	12.77	%	7.52	%	n/a
Owner Occupied Construction		3		3		4		5		—	1.32	%	1.08	%	1.08	%	1.06	%	n/a
Construction		113		69		304		194		45	5.54	%	3.02	%	11.30	%	6.50	%	1.55	%
Total Commercial Real Estate		201		152		545		243		67	3.88	%	2.96	%	10.23	%	4.58	%	1.31	%
Business and Community Banking
Commercial and Industrial		38		31		30		23		19	4.16	%	3.23	%	2.84	%	2.12	%	1.78	%
Commercial Real Estate - Owner-Occupied Mortgages		1		2		6		1		1	0.08	%	0.11	%	0.36	%	0.06	%	0.07	%
CRE - Non-Owner-Occupied Mortgages		2		4		4		1		1	0.15	%	0.39	%	0.35	%	0.15	%	0.06	%
Non-Owner Occupied Construction		1		—		1		5		1	1.13	%	0.45	%	0.67	%	2.76	%	n/a
Owner Occupied Construction		—		1		—		—		—	0.55	%	0.99	%	0.34	%	0.10	%	n/a
Construction		1		1		1		5		1	0.82	%	0.72	%	0.51	%	1.38	%	0.30	%
Total Business and Community Banking		42		38		41		30		22	1.16	%	1.01	%	1.02	%	0.75	%	0.55	%
Residential First Mortgage
Alt-A		17		13		6		4		3	2.91	%	2.20	%	1.03	%	0.60	%	0.45	%
Residential First Mortgage		34		26		35		14		9	1.02	%	0.80	%	1.05	%	0.42	%	0.25	%
Total Residential First Mortgage		51		39		41		18		12	1.31	%	1.02	%	1.05	%	0.45	%	0.28	%
Consumer
Home Equity Lending		113		95		69		63		73	2.85	%	2.38	%	1.72	%	1.59	%	1.94	%
Indirect Lending		11		16		15		10		8	1.31	%	1.74	%	1.43	%	0.96	%	0.80	%
Direct Lending		3		2		3		3		3	1.59	%	1.14	%	1.61	%	1.33	%	1.11	%
Other Consumer		10		11		13		13		9	12.00	%	13.43	%	8.24	%	4.76	%	3.41	%
Total Other Consumer		137		124		100		89		93	2.71	%	2.40	%	1.85	%	1.62	%	1.76	%
Total Loans	$	491	$	390	$	796	$	416	$	209	2.06	%	1.64	%	3.19	%	1.68	%	0.86	%

* Percentage of related loan category outstandings

(1) Information prior to 4Q08 does not reflect reclassifications between various Commercial Real Estate and Business and Community Banking categories

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 16

Loan Portfolio - Risk View

90+ Days Past Due Loans

	90+ Past Due (1)										% of Loans* (1)
($ in millions)	2Q09		1Q09		4Q08		3Q08		2Q08		2Q09		1Q09		4Q08		3Q08		2Q08
Commercial
Commercial and Industrial/Leases	$	5	$	28	$	2	$	2	$	4	0.02	%	0.15	%	0.01	%	0.01	%	0.02	%
Commercial Real Estate - Owner-Occupied		7		8		7		—		2	0.12	%	0.16	%	0.15	%	0.00	%	0.04	%
Total Commercial		12		36		9		2		6	0.05	%	0.15	%	0.04	%	0.01	%	0.03	%
Commercial Real Estate
CRE - Non-Owner-Occupied Mortgages		36		62		7		8		4	0.27	%	0.50	%	0.07	%	0.08	%	0.04	%
Non-Owner Occupied Construction		12		29		11		—		15	0.17	%	0.40	%	0.13	%	0.00	%	0.17	%
Owner Occupied Construction		3		3		2		4		2	0.38	%	0.29	%	0.16	%	0.30	%	0.10	%
Construction		15		32		13		4		17	0.19	%	0.38	%	0.13	%	0.04	%	0.16	%
Total Commercial Real Estate		51		94		20		12		21	0.24	%	0.45	%	0.10	%	0.06	%	0.10	%
Business and Community Banking
Commercial and Industrial		9		14		12		8		7	0.25	%	0.38	%	0.30	%	0.19	%	0.16	%
Commercial Real Estate - Owner-Occupied Mortgages		11		15		6		5		6	0.16	%	0.22	%	0.09	%	0.07	%	0.09	%
CRE - Non-Owner-Occupied Mortgages		10		6		5		3		5	0.29	%	0.18	%	0.13	%	0.08	%	0.13	%
Non-Owner Occupied Construction		1		0		1		1		—	0.49	%	0.13	%	0.25	%	0.21	%	0.00	%
Owner Occupied Construction		—		1		—		3		—	0.00	%	0.21	%	0.00	%	0.66	%	0.00	%
Construction		1		1		1		4		—	0.22	%	0.17	%	0.13	%	0.42	%	0.00	%
Total Business and Community Banking		30		36		24		20		18	0.21	%	0.25	%	0.15	%	0.13	%	0.11	%
Residential First Mortgage
Alt-A		128		129		109		96		79	5.43	%	5.26	%	4.28	%	3.67	%	2.97	%
Residential First Mortgage		232		230		163		144		131	1.76	%	1.74	%	1.23	%	1.06	%	0.95	%
Total Residential First Mortgage		360		359		272		240		210	2.32	%	2.29	%	1.72	%	1.48	%	1.28	%
Consumer
Home Equity Lending		148		244		214		173		167	0.94	%	1.52	%	1.33	%	1.09	%	1.08	%
Indirect Lending		5		6		8		4		5	0.15	%	0.16	%	0.21	%	0.09	%	0.12	%
Direct Lending		2		3		3		3		2	0.21	%	0.38	%	0.36	%	0.34	%	0.22	%
Other Consumer		5		4		4		3		3	1.33	%	1.13	%	1.20	%	0.41	%	0.27	%
Total Other Consumer		160		257		229		183		177	0.80	%	1.25	%	1.08	%	0.84	%	0.82	%
Total Loans	$	613	$	782	$	554	$	457	$	432	0.64	%	0.82	%	0.57	%	0.46	%	0.44	%

* Percentage of related loan category outstandings

(1) Information prior to 4Q08 does not reflect reclassifications between various Commercial Real Estate and Business and Community Banking categories

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 17

Loan Portfolio - Risk View

Non-accrual Loans

	Non-accrual loans (excludes held for sale) (1)										% of Loans* (1)
($ in millions)	2Q09		1Q09		4Q08		3Q08		2Q08		2Q09		1Q09		4Q08		3Q08		2Q08
Commercial
Commercial and Industrial/Leases	$	300	$	187	$	118	$	162	$	133	1.50	%	0.99	%	0.60	%	0.84	%	0.70	%
Commercial Real Estate - Owner-Occupied		257		190		131		149		138	4.60	%	3.69	%	2.74	%	3.21	%	2.99	%
Total Commercial		557		377		249		311		271	2.18	%	1.57	%	1.02	%	1.30	%	1.15	%
Commercial Real Estate
CRE - Non-Owner-Occupied Mortgages		759		437		261		353		275	5.82	%	3.52	%	2.43	%	3.43	%	2.81	%
Non-Owner Occupied Construction		864		493		269		518		640	12.41	%	6.73	%	3.12	%	5.55	%	7.20	%
Owner Occupied Construction		44		29		23		27		29	5.45	%	2.81	%	1.86	%	2.00	%	1.47	%
Construction		908		522		292		546		669	11.69	%	6.25	%	2.96	%	5.11	%	6.16	%
Total Commercial Real Estate		1,667		959		553		899		944	8.01	%	4.62	%	2.69	%	4.28	%	4.57	%
Business and Community Banking
Commercial and Industrial		83		73		57		53		49	2.30	%	1.95	%	1.42	%	1.24	%	1.14	%
Commercial Real Estate - Owner-Occupied Mortgages		115		81		66		48		38	1.71	%	1.20	%	0.95	%	0.69	%	0.57	%
CRE - Non-Owner-Occupied Mortgages		52		38		31		25		18	1.55	%	1.06	%	0.83	%	0.65	%	0.47	%
Non-Owner Occupied Construction		5		5		4		4		3	2.32	%	1.65	%	0.99	%	0.82	%	0.51	%
Owner Occupied Construction		1		2		2		5		4	0.47	%	0.54	%	0.54	%	1.09	%	0.72	%
Construction		6		7		6		9		7	1.29	%	1.09	%	0.77	%	0.96	%	0.61	%
Total Business and Community Banking		256		199		160		135		112	1.81	%	1.36	%	1.03	%	0.84	%	0.70	%
Residential First Mortgage
Alt-A		51		39		31		24		20	2.16	%	1.59	%	1.22	%	0.92	%	0.75	%
Residential First Mortgage		85		63		55		70		50	0.64	%	0.48	%	0.41	%	0.52	%	0.36	%
Total Residential First Mortgage		136		102		86		94		70	0.87	%	0.65	%	0.54	%	0.58	%	0.43	%
Consumer
Home Equity Lending		2		4		4		2		13	0.01	%	0.03	%	0.02	%	0.01	%	0.08	%
Indirect Lending		—		—		—		—		—	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Direct Lending		—		—		—		—		—	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Other Consumer		—		—		—		—		—	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Total Other Consumer		2		4		4		2		13	0.01	%	0.02	%	0.02	%	0.01	%	0.06	%
Total Loans	$	2,618	$	1,641	$	1,052	$	1,441	$	1,410	2.72	%	1.71	%	1.08	%	1.46	%	1.43	%

* Percentage of related loan category outstandings

(1) Information prior to 4Q08 does not reflect reclassifications between various Commercial Real Estate and Business and Community Banking categories

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 18

Diversified Loan Portfolio - $96.1 Billion (as of 6/30/09)

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 19

Commercial Real Estate Non-Owner Occupied Mortgages and Construction - $23.6 Billion (as of 6/30/09) (shaded portion represents Business & Community Banking)

Commercial Real Estate Non-Owner Occupied Construction - $7.2 Billion (as of 6/30/09) (shaded portion represents Business & Community Banking)

• Portfolio well-diversified by product type

• Includes $3.6 billion in Business and Community Banking Non-Owner Occupied Commercial Real Estate Loans which have different risk characteristics. They are underwritten not on a project basis but on the strength of the individual.

• Proactively reducing certain concentrations

• Land balances down $2.8 billion (45%) since December 2006

• Condominium balances down $1.5 billion (68%) since December 2006

FINANCIAL SUPPLEMENT TO

SECOND QUARTER 2009 EARNINGS RELEASE

PAGE 20

Residential Homebuilder Portfolio - $3.8 billion(as of 6/30/09)⁽¹⁾

Portfolio Breakout by Category

($ in millions)

Geographic Breakout

¹        Central consists of Alabama, Georgia, and South Carolina

²        Midsouth consists of North Carolina, Virginia, Tennessee, Indiana, Illinois, Missouri, Iowa and Kentucky

³        Southwest consists of Louisiana, Mississippi, Texas and Arkansas

Product Breakout

($ in millions - except for average note size)

	Lots			Residential Presold			Residential Spec			Land			National Homebuilders/Other			Total Portfolio
	$	%*		$	%*		$	%*		$	%*		$	%*		$	%*
Ending Outstandings	908			252			1,098			1,273			255			3,786
Current Quarter Charge-offs	25	10.56	%	3	4.13	%	18	6.55	%	36	10.76	%	2	2.70	%	84	8.53	%
90+ Past Due	3	0.32	%	—	0.00	%	3	0.31	%	8	0.59	%	—	0.00	%	14	0.36	%
Non-Accruing Loans	156	17.23	%	80	31.66	%	215	19.58	%	245	19.22	%	75	29.49	%	771	20.37	%
Average Note Size (in thousands):
Total Portfolio	247	—		323	—		275	—		724	—		1,288	—		364	—
Central	232	—		167	—		194	—		724	—		529	—		291	—
Florida	502	—		1,181	—		658	—		1,646	—		285	—		878	—

* Percentage of related product outstandings; charge-offs shown as annualized, and calculated on an average outstandings balance

• Average note size of the homebuilder portfolio is $363,990

• Non-accruing loans represent 20.4% of the total homebuilder portfolio with the highest concentrations in the Florida and Central (mainly Atlanta) regions

• $3.8 billion residential homebuilder portfolio is a subset of the Commercial Real Estate portfolio (p. 19) with the majority of the residential homebuilder portfolio found in land and single family sectors

⁽¹⁾ Excludes loans held for sale

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PAGE 21

Consumer Real Estate - $31.4 billion (as of 6/30/09)

	Outstandings*		Wgtd Avg. LTV		Wgtd Avg. FICO	Avg. Loan Size		% in 1st Lien
Home Equity Lending	$	15,796	74	%	738	$	74,725	42	%
Residential 1st Mortgage		13,205	66	%	728		173,403	99	%
Alt-A		2,359	70	%	705		178,148	100	%
Total Consumer RE Portfolio	$	31,360	70	%	732	$	120,887	71	%

* $ in millions

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Home Equity Lending Net Charge-off Analysis

		2Q09									1Q09									4Q08									3Q08									2Q08
($ 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 %*		2.44	%		7.89	%		5.85	%		3.07	%		5.99	%		4.91	%		1.71	%		4.37	%		3.40	%		1.48	%		4.28	%		3.28	%		1.37	%		4.74	%		3.55	%
	$ Losses	$	13.2		$	72.0		$	85.2		$	16.4		$	54.6		$	71.0		$	8.9		$	39.9		$	48.8		$	7.2		$	37.8		$	45.0		$	6.3		$	40.2		$	46.5
	Balance	$	2,171.3		$	3,624.8		$	5,796.1		$	2,169.9		$	3,677.5		$	5,847.4		$	2,121.6		$	3,662.9		$	5,784.5		$	1,994.6		$	3,578.8		$	5,573.4		$	1,922.2		$	3,448.0		$	5,370.2
	Original LTV		65.4	%		76.2	%		72.2	%
All Other States	Net Charge-off %*		0.63	%		1.50	%		1.11	%		0.52	%		1.27	%		0.93	%		0.52	%		1.00	%		0.79	%		0.39	%		0.93	%		0.69	%		0.60	%		1.47	%		1.08	%
	$ Losses	$	7.2		$	20.7		$	27.9		$	5.9		$	17.7		$	23.6		$	6.0		$	14.4		$	20.4		$	4.4		$	13.1		$	17.5		$	6.7		$	20.2		$	26.9
	Balance	$	4,508.6		$	5,491.6		$	10,000.2		$	4,569.4		$	5,606.6		$	10,176.0		$	4,624.0		$	5,721.7		$	10,345.7		$	4,584.2		$	5,691.4		$	10,275.6		$	4,524.2		$	5,552.2		$	10,076.5
	Original LTV		67.9	%		79.9	%		74.4	%
Totals	Net Charge-off %*		1.22	%		4.04	%		2.85	%		1.34	%		3.14	%		2.38	%		0.89	%		2.31	%		1.72	%		0.72	%		2.22	%		1.59	%		0.83	%		2.72	%		1.94	%
	$ Losses	$	20.4		$	92.6		$	113.1		$	22.3		$	72.3		$	94.6		$	14.9		$	54.3		$	69.2		$	11.6		$	50.9		$	62.5		$	13.0		$	60.4		$	73.4
	Balance	$	6,679.9		$	9,116.4		$	15,796.3		$	6,739.3		$	9,284.1		$	16,023.4		$	6,745.6		$	9,384.6		$	16,130.2		$	6,578.8		$	9,270.2		$	15,849.0		$	6,446.4		$	9,000.2		$	15,446.7
	Original LTV		67.1	%		78.4	%		73.5	%

• 23% Florida second lien concentration driving results

• Second lien, Florida net charge-offs represent 64% of 2Q09 net charge-offs but just 23% of outstanding balances

• Net charge-offs in Florida approximately 5.3 times non-Florida net charge-off rate

• Origination quality solid with an average FICO of 738 and an average LTV of 74%; Property value declines driving losses

90+ DELINQUENCY

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

* Net Charge-off percentages are calculated on average 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

Additional Financial and Operational Data

	6/30/09	3/31/09	12/31/08	9/30/08	6/30/08
Associate headcount	29,838	30,613	30,784	30,673	31,564
Total branch outlets	1,899	1,904	1,900	1,940	1,936
ATMs	2,321	2,322	2,336	2,361	2,410
Morgan Keegan offices	324	328	332	360	378

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PAGE 24

Reconciliation to GAAP Financial Measures

The table below presents computations of earnings and certain other financial measures excluding discontinued operations, merger charges and goodwill impairment charges (non-GAAP). Merger and goodwill impairment charges are included in financial results presented in accordance with generally accepted accounting principles (GAAP). Regions believes the exclusion of merger and goodwill impairment charges in expressing earnings and certain other financial measures, including “earnings per common share from continuing operations, excluding merger and goodwill impairment charges” and “return on average tangible common equity, excluding discontinued operations, merger and goodwill impairment charges”, 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 merger and goodwill impairment charges 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; calculation of performance-based annual incentive bonuses for certain executives; calculation of performance-based multi-year incentive bonuses for certain executives; monthly financial performance reporting, including segment reporting; monthly close-out “flash” reporting of consolidated results (management only); and presentations to investors of company performance. Regions 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 in place to address expenses that qualify as merger and goodwill impairment charges and procedures in place to approve and segregate merger and goodwill impairment charges from other normal operating expenses to ensure that the Company’s operating results are properly reflected for period-to-period comparisons. Although these non-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 merger and goodwill impairment charges does not represent the amount that effectively accrues directly to stockholders (i.e., merger and goodwill impairment charges are a reduction to earnings and stockholders’ equity).

		As of and for Quarter Ended
($ amounts in millions, except per share data)		06/30/09			03/31/09			12/31/08			09/30/08			06/30/08
INCOME
Income (loss) from continuing operations (GAAP)		$	(188	)	$	77		$	(6,218	)	$	90		$	206
Preferred stock expense (GAAP)			(56	)		(51	)		(26	)		—			—
Income (loss) from continuing operations available to common shareholders (GAAP)			(244	)		26			(6,244	)		90			206
Loss from discontinued operations, net of tax (GAAP)			—			—			—			(11	)		—
Net income (loss) available to common shareholders (GAAP)	A	$	(244	)	$	26		$	(6,244	)	$	79		$	206
Income (loss) from continuing operations available to common shareholders (GAAP)		$	(244	)	$	26		$	(6,244	)	$	90		$	206
Merger-related charges, pre-tax
Salaries and employee benefits			—			—			—			25			47
Net occupancy expense			—			—			—			—			2
Furniture and equipment expense			—			—			—			—			5
Other			—			—			—			—			46
Total merger-related charges, pre-tax			—			—			—			25			100
Merger-related charges, net of tax			—			—			—			16			62
Goodwill impairment			—			—			6,000			—			—
Income (loss) from continuing operations available to common shareholders, excluding merger and goodwill impairment charges (non-GAAP)	B	$	(244	)	$	26		$	(244	)	$	106		$	268
Weighted-average diluted shares	C		876			694			693			696			696
Earnings (loss) per common share - diluted (GAAP)	A/C	$	(0.28	)	$	0.04		$	(9.01	)	$	0.11		$	0.30
Earnings (loss) per common share from continuing operations, excluding merger and goodwill impairment charges- diluted (non-GAAP)	B/C	$	(0.28	)	$	0.04		$	(0.35	)	$	0.15		$	0.39

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PAGE 25

Reconciliation to GAAP Financial Measures (Continued)

The following tables 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 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 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.

		As of and for Quarter Ended
		06/30/09			03/31/09			12/31/08			09/30/08			06/30/08
RETURN ON AVERAGE TANGIBLE COMMON STOCKHOLDERS’ EQUITY
Average stockholders’ equity (GAAP)		$	17,494		$	16,710		$	20,410		$	19,714		$	19,782
Less: Average intangible assets (GAAP)			6,138			6,168			11,086			12,195			12,221
Average preferred equity (GAAP)			3,421			3,311			1,690			—			—
Average tangible common stockholders’ equity (non-GAAP)	D	$	7,935		$	7,231		$	7,634		$	7,519		$	7,561
Return on average tangible common stockholders’ equity (1)	A/D		-12.34	%		1.43	%		NM			4.20	%		10.98	%
Return on average tangible common stockholders’ equity, ex. discontinued operations, merger and goodwill impairment charges (non-GAAP) (1)	B/D		-12.34	%		1.43	%		NM			5.59	%		14.29	%
TANGIBLE COMMON RATIOS
Stockholders’ equity (GAAP)		$	18,737		$	16,817		$	16,813		$	19,705		$	19,708
Less: Intangible assets (GAAP)			6,124			6,154			6,186			12,204			12,224
Preferred equity (GAAP)			3,603			3,316			3,307			—			—
Tangible common stockholders’ equity (non-GAAP)	E	$	9,010		$	7,347		$	7,320		$	7,501		$	7,484
Total assets (GAAP)		$	142,811		$	141,980		$	146,248		$	144,292		$	144,436
Less: Intangible assets (GAAP)			6,124			6,154			6,186			12,204			12,224
Tangible assets (non-GAAP)	F	$	136,687		$	135,826		$	140,062		$	132,088		$	132,212
Actual shares outstanding—end of quarter	G		1,188			695			691			692			695
Tangible common stockholders’ equity to tangible assets (non-GAAP)	E/F		6.59	%		5.41	%		5.23	%		5.69	%		5.67	%
Tangible common book value per share (non-GAAP)	E/G	$	7.58		$	10.57		$	10.59		$	10.84		$	10.77
TIER 1 COMMON RISK-BASED RATIO (2)
Stockholders’ equity (GAAP)		$	18,737		$	16,817		$	16,813		$	19,705		$	19,708
Accumulated other comprehensive income (loss)			36			(11	)		8			(79	)		(54	)
Non-qualifying goodwill and intangibles			(5,845	)		(5,865	)		(5,864	)		(11,962	)		(11,894	)
Other non-qualifying assets			(350	)		(267	)		(16	)		(26	)		(27	)
Qualifying non-controlling interests			91			91			91			91			90
Qualifying trust preferred securities			846			1,036			1,036			1,037			1,037
Tier 1 capital (regulatory)		$	13,515		$	11,801		$	12,068		$	8,766		$	8,860
Qualifying non-controlling interests			(91	)		(91	)		(91	)		(91	)		(90	)
Qualifying trust preferred securities			(846	)		(1,036	)		(1,036	)		(1,037	)		(1,037	)
Preferred stock			(3,603	)		(3,316	)		(3,307	)		—			—
Tier 1 common equity (non-GAAP)	H	$	8,975		$	7,358		$	7,634		$	7,638		$	7,733
Risk-weighted assets (regulatory)	I		110,445			113,312			116,251			117,294			118,526
Tier 1 common risk-based ratio (non-GAAP)	H/I		8.1	%		6.5	%		6.6	%		6.5	%		6.5	%

(1) Income statement amounts have been annualized in calculation

(2) Current quarter amounts and the resulting ratios are estimated

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PAGE 26

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:

• In October 2008, Congress enacted, and the President signed into law, the Emergency Economic Stabilization Act of 2008, and on February 17, 2009 the American Recovery and Reinvestment Act of 2009 was signed into law. Additionally, the Department of U.S. Treasury and federal banking regulators are implementing a number of programs to address capital and liquidity issues in the banking system, and may announce additional programs in the future, all of which may have significant effects on Regions and the financial services industry, the exact nature and extent of which cannot be determined at this time.

• Until Regions is able to repay the outstanding preferred stock issued under the Troubled Asset Relief Program (“TARP”), the impact of compensation and other restrictions on recipients of TARP preferred stock.

• The impact of possible additional loan losses and reserve build-up on earnings and capital.

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

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

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

• Regions’ ability to keep pace with technological changes.

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

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

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

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

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

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

• Possible changes in general economic and business conditions in the United States in general and in the communities Regions serves in particular.

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

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

• Possible other changes in trade, monetary and fiscal policies, laws and regulations, and other activities of governments, agencies, and similar organizations, including changes in accounting standards, may have an adverse effect on business.

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

• The effects of weather and natural disasters such as droughts and hurricanes.

The foregoing list of factors is not exhaustive; for discussion of these and other risks that may cause actual results to differ from expectations, please look under the caption “Forward-Looking Statements” in Regions’ Annual Report on Form 10-K for the year ended December 31, 2008 and Form 10-Q for the quarter ended March 31, 2009 (as amended), as on file with the Securities and Exchange Commission.

The words “believe,” “expect,” “anticipate,” “project,” and similar expressions often signify forward-looking statements. You should not place undue reliance on any forward-looking statements, which speak only as of the date made. Regions assumes no obligation to update or revise any forward-looking statements that are made from time to time.

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