Regions Financial (RF) 8-K Regions Reports Financial Results for Second Quarter 2010

Exhibit 99.2

FINANCIAL SUPPLEMENT TO SECOND QUARTER 2010 EARNINGS RELEASE

Summary

Quarterly loss of $0.28 per diluted share reflects core revenue growth, lower adjusted non-interest expenses, continued improvement in key credit metrics offset by a regulatory charge

• Significant second quarter drivers include: $200 million regulatory charge; $651 million loan loss provision, down $119 million linked quarter; non-performing assets declined for the first time since 4Q08

• Adjusted pre-tax pre-provision net revenue (“PPNR”) increased 22% linked quarter, reflecting improved operating leverage from higher net interest income, higher adjusted non-interest income and lower adjusted non-interest expense

Non-performing assets declined; Risk profile continues to improve

• Non-performing assets, excluding loans held for sale, decreased $297 million or 7% linked quarter; Gross inflow of non-performing assets declined $419 million to $887 million during the second quarter

• Net charge-offs declined $49 million to $651 million, or an annualized 2.99% of loans as compared to first quarter’s 3.16%.

Reflecting lower net charge offs and declining non-performing assets, the provision for loan losses declined $119 million to $651 million.

• Allowance for loan losses increased 10 bps to 3.71%; loan loss provision essentially equaled net charge-offs

• Allowance coverage ratio (ALL/NPL, excluding loans held for sale) rose to 0.92x as of June 30, 2010, as compared to 0.86x at March 31, 2010

Maintaining strong account growth and service excellence through focusing on our customers

• Opened 488,000 new checking accounts year-to-date; expecting to match or exceed 2009’s record level of 1,000,000 new accounts

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

• According to Gallup, Regions ranked in the top decile in customer loyalty among retail banks

• Average low-cost deposits increased $2.7 billion linked-quarter or 4%, up $10.3 billion or 17% year-over-year

Low-cost deposits grow and net interest margin expands

• Net interest income increased $25 million linked quarter despite a 2% decline in average earning assets

• Net interest margin continues to improve, increasing 10 basis points linked quarter to 2.87%

• Improving deposit mix and pricing aid the improvement in the margin; time deposits as a percentage of total deposits equal to 27.4% as compared to 34.7% a year ago

• Total deposit costs declined 21 bps linked quarter to 0.79%

• Loans outstanding declined $2.2 billion or 3% linked quarter, impacted by generally reduced demand and actions to reduce the company’s investor real estate portfolio

Non-interest revenues expand while non-interest expenses declined and reflect higher performance and efficiency

• Excluding prior quarter’s gains on sale of securities and leveraged lease terminations, non-interest revenue increased $22 million or 3% versus the prior quarter

• Service charges income increased 5% linked quarter, driven by higher interchange transaction activity; Policy changes associated with Regulation E began in the second quarter and will be fully implemented during the third quarter.

• Brokerage income increased $18 million to $254 million, driven by higher fixed income capital markets, private client revenue and investment banking activity

• Mortgage income declined $4 million linked quarter, primarily reflecting the impact of a reduced benefit from mortgage servicing rights hedging activities

• Non-interest expenses, as adjusted for prior quarter’s branch consolidation charges, loss on early extinguishment of debt and current quarter’s regulatory charge, improved 4% linked quarter

• Recorded a $200 million regulatory charge (see Earnings Press Release for further details)

• Salaries and benefits expense declined $15 million linked quarter, aided by lower headcount and a seasonal payroll tax decline

Gulf Oil Spill

• Customer Assistance Program continues to assist customers in need of financial support, including those impacted by the Gulf oil spill

• Company has coordinated efforts to quickly, clearly and confidently communicate to local consumers and businesses about Regions’ ability to help, as well as availability of Small Business Association direct programs, state programs and BP assistance efforts.

• Strong history in dealing with environmental disasters (e.g. Katrina) and how they impact customers and communities

• Thoroughly reviewed impacted geographies and lending relationships; estimated total potential future losses for Regions to be a maximum of $100 million in its adverse case.

Solid capital position

• Tier 1 capital ratio of 12.0%^(1);

• Tier 1 common ratio of 7.7%⁽¹⁾

• Tier 1 capital ratio, excluding trust preferred securities, of 11.2%⁽¹⁾

• Tangible common stockholders’ equity to tangible assets of 6.26%

⁽¹⁾ estimated

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PAGE 2

Regions Financial Corporation and Subsidiaries

Consolidated Balance Sheets

(Unaudited)

($ amounts in millions)	6/30/10			3/31/10			12/31/09			9/30/09			6/30/09
Assets:
Cash and due from banks	$	2,097		$	2,252		$	2,052		$	2,101		$	2,363
Interest-bearing deposits in other banks		4,562			4,295			5,580			5,902			2,846
Federal funds sold and securities purchased under agreements to resell		752			324			379			366			3,221
Trading account assets		1,261			1,238			3,039			1,388			1,109
Securities available for sale		24,166			24,219			24,069			21,030			19,681
Securities held to maturity		28			30			31			39			43
Loans held for sale		1,162			1,048			1,511			1,470			1,932
Loans, net of unearned income		85,945			88,174			90,674			92,754			96,149
Allowance for loan losses		(3,185	)		(3,184	)		(3,114	)		(2,627	)		(2,282	)
Net loans		82,760			84,990			87,560			90,127			93,867
Other interest-earning assets		1,082			819			734			839			829
Premises and equipment, net		2,588			2,637			2,668			2,694			2,789
Interest receivable		466			503			468			499			501
Goodwill		5,561			5,559			5,557			5,557			5,556
Mortgage servicing rights (MSRs)		220			270			247			216			202
Other identifiable intangible assets		443			472			503			535			568
Other assets		8,192			8,574			7,920			7,223			7,304
Total Assets	$	135,340		$	137,230		$	142,318		$	139,986		$	142,811
Liabilities and Stockholders’ Equity:
Deposits:
Non-interest-bearing	$	22,993		$	23,391		$	23,204		$	21,226		$	20,995
Interest-bearing		73,257			74,941			75,476			73,654			73,731
Total deposits		96,250			98,332			98,680			94,880			94,726
Borrowed funds:
Short-term borrowings:
Federal funds purchased and securities sold under agreements to repurchase		1,929			1,687			1,893			2,633			2,265
Other short-term borrowings		1,035			997			1,775			2,653			4,927
Total short-term borrowings		2,964			2,684			3,668			5,286			7,192
Long-term borrowings		15,415			15,683			18,464			18,093			18,238
Total borrowed funds		18,379			18,367			22,132			23,379			25,430
Other liabilities		3,248			2,893			3,625			3,235			3,918
Total Liabilities		117,877			119,592			124,437			121,494			124,074
Stockholders’ equity:
Preferred stock, Series A		3,360			3,351			3,343			3,334			3,325
Preferred stock, Series B		—			259			259			278			278
Common stock		13			12			12			12			12
Additional paid-in capital		19,038			18,781			18,781			18,754			18,740
Retained earnings (deficit)		(3,849	)		(3,502	)		(3,235	)		(2,618	)		(2,169	)
Treasury stock, at cost		(1,405	)		(1,407	)		(1,409	)		(1,411	)		(1,413	)
Accumulated other comprehensive income (loss), net		306			144			130			143			(36	)
Total Stockholders’ Equity		17,463			17,638			17,881			18,492			18,737
Total Liabilities and Stockholders’ Equity	$	135,340		$	137,230		$	142,318		$	139,986		$	142,811

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Regions Financial Corporation and Subsidiaries

Consolidated Statements of Operations

(Unaudited)

	Quarter Ended
($ amounts in millions, except per share data)	6/30/10			3/31/10			12/31/09			9/30/09			6/30/09
Interest income on:
Loans, including fees	$	930		$	945		$	981		$	1,047		$	1,073
Securities:
Taxable		224			242			256			232			239
Tax-exempt		—			1			1			6			5
Total securities		224			243			257			238			244
Loans held for sale		9			8			12			12			15
Federal funds sold and securities purchased under agreements to resell		1			—			1			—			1
Trading account assets		9			12			30			10			10
Other interest-earning assets		7			7			7			7			8
Total interest income		1,180			1,215			1,288			1,314			1,351
Interest expense on:
Deposits		194			242			280			301			330
Short-term borrowings		2			3			9			9			16
Long-term borrowings		128			139			149			159			174
Total interest expense		324			384			438			469			520
Net interest income		856			831			850			845			831
Provision for loan losses		651			770			1,179			1,025			912
Net interest income (loss) after provision for loan losses		205			61			(329	)		(180	)		(81	)
Non-interest income:
Service charges on deposit accounts		302			288			299			300			288
Brokerage, investment banking and capital markets		254			236			257			252			263
Mortgage income		63			67			46			76			64
Trust department income		49			48			48			49			48
Securities gains (losses), net		—			59			(96	)		4			108
Other		88			114			164			91			428
Total non-interest income		756			812			718			772			1,199
Non-interest expense:
Salaries and employee benefits		560			575			566			578			586
Net occupancy expense		110			120			114			121			112
Furniture and equipment expense		79			74			74			83			78
Other-than-temporary impairments (1)		—			1			—			3			69
Regulatory charge		200			—			—			—			—
Other		377			460			465			458			386
Total non-interest expense		1,326			1,230			1,219			1,243			1,231
Income (loss) before income taxes		(365	)		(357	)		(830	)		(651	)		(113	)
Income taxes		(88	)		(161	)		(287	)		(274	)		75
Net income (loss)	$	(277	)	$	(196	)	$	(543	)	$	(377	)	$	(188	)
Net income (loss) available to common shareholders	$	(335	)	$	(255	)	$	(606	)	$	(437	)	$	(244	)
Weighted-average shares outstanding—during quarter:
Basic		1,200			1,194			1,191			1,189			876
Diluted		1,200			1,194			1,191			1,189			876
Actual shares outstanding—end of quarter		1,256			1,192			1,193			1,188			1,188
Earnings (loss) per common share (2):
Basic	$	(0.28	)	$	(0.21	)	$	(0.51	)	$	(0.37	)	$	(0.28	)
Diluted	$	(0.28	)	$	(0.21	)	$	(0.51	)	$	(0.37	)	$	(0.28	)
Cash dividends declared per common share	$	0.01		$	0.01		$	0.01		$	0.01		$	0.01
Taxable-equivalent net interest income from continuing operations	$	863		$	839		$	857		$	853		$	840

(1) Includes $3 million and $260 million of gross charges, net of $0 and $191 million noncredit related portion recognized in other comprehensive income, in 3Q09 and 2Q09, respectively.

The corresponding amounts for other quarters hereon are immaterial.

(2) Includes preferred stock dividends.

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Regions Financial Corporation and Subsidiaries

Consolidated Statements of Operations

(Unaudited)

	Six Months Ended June 30
($ amounts in millions, except per share data)	2010			2009
Interest income on:
Loans, including fees	$	1,875		$	2,171
Securities:
Taxable		466			478
Tax-exempt		1			12
Total securities		467			490
Loans held for sale		17			31
Federal funds sold and securities purchased under agreements to resell		1			2
Trading account assets		21			22
Other interest-earning assets		14			14
Total interest income		2,395			2,730
Interest expense on:
Deposits		436			696
Short-term borrowings		5			36
Long-term borrowings		267			358
Total interest expense		708			1,090
Net interest income		1,687			1,640
Provision for loan losses		1,421			1,337
Net interest income after provision for loan losses		266			303
Non-interest income:
Service charges on deposit accounts		590			557
Brokerage, investment banking and capital markets		490			480
Mortgage income		130			137
Trust department income		97			94
Securities gains, net		59			161
Other		202			836
Total non-interest income		1,568			2,265
Non-interest expense:
Salaries and employee benefits		1,135			1,125
Net occupancy expense		230			219
Furniture and equipment expense		153			154
Other-than-temporary impairments (1)		1			72
Regulatory charge		200			—
Other		837			719
Total non-interest expense (2)		2,556			2,289
Income (loss) before income taxes		(722	)		279
Income taxes		(249	)		390
Net income (loss)		(473	)		(111	)
Net income (loss) available to common shareholders		($590	)		($218	)
Weighted-average shares outstanding—year-to-date
Basic		1,197			785
Diluted		1,197			785
Actual shares outstanding—end of period		1,256			1,188
Earnings (loss) per common share (3):
Basic	$	(0.49	)	$	(0.28	)
Diluted	$	(0.49	)	$	(0.28	)
Cash dividends declared per common share	$	0.02		$	0.11
Taxable equivalent net interest income from continuing operations	$	1,702		$	1,657

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

The corresponding 2010 amounts are immaterial.

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

(3) Includes preferred stock dividends.

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Regions Financial Corporation and Subsidiaries

Consolidated Average Daily Balances and Yield/Rate Analysis

($ amounts in millions; yields on taxable-equivalent basis)	Quarter Ended
	6/30/10							3/31/10							12/31/09							9/30/09							6/30/09
	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	$	345		$	1	0.42	%	$	373		$	—	0.39	%	$	364		$	1	0.35	%	$	597		$	—	0.42	%	$	508		$	1	0.49	%
Trading account assets		1,186			9	3.24			1,288			13	3.99			2,827			31	4.33			1,101			10	3.59			1,221			11	3.58
Securities:
Taxable		23,862			224	3.77			23,811			242	4.11			23,061			256	4.41			19,177			232	4.79			19,453			239	4.92
Tax-exempt		41			—	—			51			1	9.35			135			2	7.42			463			8	6.52			562			8	6.30
Loans held for sale		1,031			9	3.29			1,392			8	2.46			1,494			12	2.99			1,522			12	3.25			1,790			16	3.41
Loans, net of unearned income		87,266			936	4.30			89,723			952	4.30			91,766			986	4.27			94,354			1,053	4.43			95,382			1,077	4.53
Other interest-earning assets		6,745			8	0.46			5,973			7	0.46			5,566			7	0.48			6,841			7	0.40			9,700			8	0.36
Total interest-earning assets		120,476			1,187	3.95			122,611			1,223	4.04			125,213			1,295	4.10			124,055			1,322	4.23			128,616			1,360	4.24
Allowance for loan losses		(3,215	)						(3,144	)						(2,772	)						(2,393	)						(1,917	)
Cash and due from banks		2,112							2,181							2,206							2,113							2,269
Other non-earning assets		17,912							17,917							16,486							16,530							17,119
	$	137,285						$	139,565						$	141,133						$	140,305						$	146,087
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Savings accounts	$	4,478			1	0.08		$	4,215			1	0.13		$	4,064			1	0.14		$	4,038			1	0.13		$	4,029			1	0.11
Interest-bearing transaction accounts		15,651			8	0.21			15,709			11	0.27			14,279			11	0.29			13,934			10	0.27			14,277			11	0.30
Money market accounts		27,302			32	0.46			25,715			40	0.64			23,808			38	0.63			23,107			35	0.61			22,138			43	0.78
Time deposits		26,933			153	2.29			29,779			190	2.58			32,046			230	2.84			32,584			255	3.10			33,442			275	3.30
Other		—			—	—			—			—	—			—			—	—			—			—	—			728			—	0.14
Total interest-bearing deposits (1)		74,364			194	1.05			75,418			242	1.30			74,197			280	1.49			73,663			301	1.62			74,614			330	1.78
Federal funds purchased and securities sold under agreements to repurchase		1,798			1	0.17			1,989			1	0.19			3,089			5	0.60			2,649			1	0.11			3,734			3	0.33
Other short-term borrowings		847			1	0.65			1,086			2	0.81			1,849			4	0.91			2,721			8	1.26			7,427			13	0.71
Long-term borrowings		15,933			128	3.21			17,417			139	3.24			18,326			149	3.24			18,250			159	3.45			18,829			174	3.70
Total interest-bearing liabilities		92,942			324	1.40			95,910			384	1.62			97,461			438	1.78			97,283			469	1.91			104,604			520	2.00
Net interest spread						2.55							2.42							2.32							2.32							2.24
Non-interest-bearing deposits (1)		23,688							22,817							22,149							21,122							20,421
Other liabilities		3,063							3,040							3,275							3,288							3,567
Stockholders’ equity		17,592							17,798							18,248							18,612							17,495
	$	137,285						$	139,565						$	141,133						$	140,305						$	146,087
Net interest income/margin FTE basis				$	863	2.87	%				$	839	2.77	%				$	857	2.72	%				$	853	2.73	%				$	840	2.62	%

(1) Total deposit costs may be calculated by dividing total interest expense on deposits by the sum of interest-bearing deposits and non-interest bearing deposits. The rates for total deposit costs equal 0.79%, 1.00%, 1.15%, 1.26% and 1.39% for the quarters ended June 30, 2010, March 31, 2010, December 31, 2009, September 30, 2009 and June 30, 2009, respectively.

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Regions Financial Corporation and Subsidiaries

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

	Six Months Ended June 30
	2010							2009
($ amounts in millions; yields on taxable equivalent basis)	Average Balance			Revenue/ Expense		Yield/ Rate		Average Balance			Revenue/ Expense		Yield/ Rate
Assets
Interest-earning assets:
Federal funds sold and securities purchased under agreements to resell	$	359		$	1	0.40	%	$	526		$	2	0.65	%
Trading account assets		1,236			22	3.63			1,227			24	3.89
Securities:
Taxable		23,836			466	3.94			19,307			478	4.99
Tax-exempt		46			1	4.68			624			19	6.32
Loans held for sale		1,211			17	2.82			1,805			31	3.43
Loans, net of unearned income		88,488			1,888	4.30			96,012			2,179	4.58
Other earning assets		6,361			15	0.46			7,661			14	0.38
Total interest-earning assets		121,537			2,410	4.00			127,162			2,747	4.36
Allowance for loan losses		(3,179	)						(1,893	)
Cash and due from banks		2,146							2,333
Other non-earning assets		17,915							17,230
	$	138,419						$	144,832
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Savings accounts	$	4,347			2	0.10		$	3,917			2	0.12
Interest-bearing transaction accounts		15,680			19	0.24			14,591			21	0.28
Money market accounts		26,513			72	0.54			21,674			110	1.03
Time deposits		28,348			343	2.44			33,169			563	3.42
Other		—			—	—			630			—	0.11
Total interest-bearing deposits (1)		74,888			436	1.17			73,981			696	1.90
Federal funds purchased and securities sold under agreements to repurchase		1,893			2	0.18			3,468			6	0.37
Other short-term borrowings		966			3	0.74			8,221			30	0.72
Long-term borrowings		16,671			267	3.23			18,893			358	3.82
Total interest-bearing liabilities		94,418			708	1.51			104,563			1,090	2.10
Net interest spread						2.49							2.26
Non-interest bearing deposits (1)		23,255							19,663
Other liabilities		3,051							3,502
Stockholders’ equity		17,695							17,104
	$	138,419						$	144,832
Net interest income/margin FTE basis				$	1,702	2.82	%				$	1,657	2.63	%

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

The rates for total deposit costs equal 0.90% and 1.50% for the six months ended June 30, 2010 and 2009, respectively.

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PAGE 7

Regions Financial Corporation and Subsidiaries

Selected Ratios

	As of and for Quarter Ended
	6/30/10			3/31/10			12/31/09			9/30/09			6/30/09
Return on average assets (non-GAAP)*		(0.98	%)		(0.74	%)		(1.70	%)		(1.24	%)		(0.67	%)
Return on average assets, excluding regulatory charge (non-GAAP)*		(0.40	%)		(0.74	%)		(1.70	%)		(1.24	%)		(0.67	%)
Return on average common equity*		(9.59	%)		(7.28	%)		(16.40	%)		(11.55	%)		(6.96	%)
Return on average tangible common equity (non-GAAP)*		(16.80	%)		(12.69	%)		(28.03	%)		(19.48	%)		(12.34	%)
Return on average tangible common equity, excluding regulatory charge (non-GAAP)*		(6.79	%)		(12.69	%)		(28.03	%)		(19.48	%)		(12.34	%)
Common equity per share	$	11.23		$	11.77		$	11.97		$	12.53		$	12.74
Tangible common book value per share (non-GAAP)	$	6.45		$	6.71		$	6.89		$	7.40		$	7.58
Stockholders’ equity to total assets		12.90	%		12.85	%		12.56	%		13.21	%		13.12	%
Tangible common stockholders’ equity to tangible assets (non-GAAP)		6.26	%		6.09	%		6.03	%		6.56	%		6.59	%
Tier 1 Common risk-based ratio (non-GAAP) (1)		7.7	%		7.1	%		7.1	%		7.9	%		8.1	%
Tier 1 Capital (1)		12.0	%		11.7	%		11.5	%		12.2	%		12.2	%
Total Risk-Based Capital (1)		15.9	%		15.8	%		15.8	%		16.3	%		16.2	%
Allowance for credit losses as a percentage of loans, net of unearned income (2)		3.79	%		3.69	%		3.52	%		2.90	%		2.43	%
Allowance for loan losses as a percentage of loans, net of unearned income		3.71	%		3.61	%		3.43	%		2.83	%		2.37	%
Allowance for loan losses to non-performing loans (3)		0.92x			0.86x			0.89x			0.82x			0.87x
Net interest margin (FTE)		2.87	%		2.77	%		2.72	%		2.73	%		2.62	%
Loans, net of unearned income, to total deposits		89.3	%		89.7	%		91.9	%		97.8	%		101.5	%
Net charge-offs as a percentage of average loans*		2.99	%		3.16	%		2.99	%		2.86	%		2.06	%
Non-performing assets (excluding loans 90 days past due) as a percentage of loans and other real estate		4.94	%		5.15	%		4.83	%		4.40	%		3.55	%
Non-performing assets (excluding loans 90 days past due) as a percentage of loans and other real estate (3)		4.65	%		4.86	%		4.49	%		3.99	%		3.17	%
Non-performing assets (including loans 90 days past due) as a percentage of loans and other real estate		5.65	%		5.94	%		5.59	%		5.08	%		4.18	%
Non-performing assets (including loans 90 days past due) as a percentage of loans and other real estate (3)		5.35	%		5.65	%		5.24	%		4.68	%		3.80	%

* 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) Excludes loans held for sale

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PAGE 8

Loans

Loan Portfolio - Period End Data

($ amounts in millions)	6/30/10		3/31/10		12/31/09		9/30/09		6/30/09		6/30/10 vs. 3/31/10					6/30/10 vs. 6/30/09
Commercial and industrial	$	21,096	$	21,220	$	21,547	$	21,925	$	23,619	$	(124	)	-0.6	%	$	(2,523	)	-10.7	%
Commercial real estate mortgage - owner-occupied		11,967		12,028		12,054		12,103		12,282		(61	)	-0.5	%		(315	)	-2.6	%
Commercial real estate construction - owner-occupied		547		598		751		875		1,060		(51	)	-8.5	%		(513	)	-48.4	%
Total commercial		33,610		33,846		34,352		34,903		36,961		(236	)	-0.7	%		(3,351	)	-9.1	%
Commercial investor real estate mortgage		15,152		15,702		16,109		16,190		16,419		(550	)	-3.5	%		(1,267	)	-7.7	%
Commercial investor real estate construction		3,778		4,703		5,591		6,616		7,163		(925	)	-19.7	%		(3,385	)	-47.3	%
Total investor real estate		18,930		20,405		21,700		22,806		23,582		(1,475	)	-7.2	%		(4,652	)	-19.7	%
Residential first mortgage		15,567		15,592		15,632		15,513		15,564		(25	)	-0.2	%		3		NM
Home equity		14,802		15,066		15,381		15,630		15,796		(264	)	-1.8	%		(994	)	-6.3	%
Indirect		1,900		2,162		2,452		2,755		3,099		(262	)	-12.1	%		(1,199	)	-38.7	%
Other consumer		1,136		1,103		1,157		1,147		1,147		33		3.0	%		(11	)	-1.0	%
	$	85,945	$	88,174	$	90,674	$	92,754	$	96,149	$	(2,229	)	-2.5	%	$	(10,204	)	-10.6	%
Loan Portfolio - Average Balances
($ amounts in millions)	2Q10		1Q10		4Q09		3Q09		2Q09		2Q10 vs. 1Q10					2Q10 vs. 2Q09
Commercial and industrial	$	21,109	$	21,429	$	21,570	$	22,443	$	22,707	$	(320	)	-1.5	%	$	(1,598	)	-7.0	%
Commercial real estate mortgage - owner-occupied		12,005		12,056		12,127		12,188		11,983		(51	)	-0.4	%		22		0.2	%
Commercial real estate construction - owner-occupied		563		686		819		944		1,198		(123	)	-17.9	%		(635	)	-53.0	%
Total commercial		33,677		34,171		34,516		35,575		35,888		(494	)	-1.4	%		(2,211	)	-6.2	%
Commercial investor real estate mortgage		15,586		16,220		16,292		16,470		16,081		(634	)	-3.9	%		(495	)	-3.1	%
Commercial investor real estate construction		4,340		5,071		6,145		7,010		7,474		(731	)	-14.4	%		(3,134	)	-41.9	%
Total investor real estate		19,926		21,291		22,437		23,480		23,555		(1,365	)	-6.4	%		(3,629	)	-15.4	%
Residential first mortgage		15,537		15,567		15,521		15,508		15,593		(30	)	-0.2	%		(56	)	-0.4	%
Home equity		14,947		15,237		15,515		15,714		15,940		(290	)	-1.9	%		(993	)	-6.2	%
Indirect		2,028		2,310		2,601		2,923		3,276		(282	)	-12.2	%		(1,248	)	-38.1	%
Other consumer		1,151		1,147		1,176		1,154		1,130		4		0.3	%		21		1.9	%
	$	87,266	$	89,723	$	91,766	$	94,354	$	95,382	$	(2,457	)	-2.7	%	$	(8,116	)	-8.5	%

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PAGE 9

Deposits

Deposit Portfolio - Period End Data

($ amounts in millions)	6/30/10		3/31/10		12/31/09		9/30/09		6/30/09		6/30/10 vs. 3/31/10					6/30/10 vs. 6/30/09
Customer Deposits
Interest-free deposits	$	22,993	$	23,391	$	23,204	$	21,226	$	20,995	$	(398	)	-1.7	%	$	1,998		9.5	%
Interest-bearing checking		15,148		15,715		15,791		13,688		14,140		(567	)	-3.6	%		1,008		7.1	%
Savings		4,475		4,394		4,073		4,025		4,033		81		1.8	%		442		11.0	%
Money market - domestic		26,773		26,196		23,291		22,327		21,571		577		2.2	%		5,202		24.1	%
Money market - foreign		502		635		766		941		1,075		(133	)	-20.9	%		(573	)	-53.3	%
Low-cost deposits		69,891		70,331		67,125		62,207		61,814		(440	)	-0.6	%		8,077		13.1	%
Time deposits		26,298		27,939		31,468		32,582		32,724		(1,641	)	-5.9	%		(6,426	)	-19.6	%
Total customer deposits		96,189		98,270		98,593		94,789		94,538		(2,081	)	-2.1	%		1,651		1.7	%
Corporate Treasury Deposits
Time deposits		61		62		87		91		188		(1	)	-1.6	%		(127	)	-67.6	%
Total Deposits	$	96,250	$	98,332	$	98,680	$	94,880	$	94,726	$	(2,082	)	-2.1	%	$	1,524		1.6	%
Deposit Portfolio - Average Balances
($ amounts in millions)	2Q10		1Q10		4Q09		3Q09		2Q09		2Q10 vs. 1Q10					2Q10 vs. 2Q09
Customer Deposits
Interest-free deposits	$	23,688	$	22,817	$	22,149	$	21,122	$	20,421	$	871		3.8	%	$	3,267		16.0	%
Interest-bearing checking		15,651		15,709		14,279		13,934		14,277		(58	)	-0.4	%		1,374		9.6	%
Savings		4,478		4,215		4,064		4,038		4,029		263		6.2	%		449		11.1	%
Money market - domestic		26,670		24,961		22,956		22,103		20,962		1,709		6.8	%		5,708		27.2	%
Money market - foreign		632		754		852		1,004		1,176		(122	)	-16.2	%		(544	)	-46.3	%
Low-cost deposits		71,119		68,456		64,300		62,201		60,865		2,663		3.9	%		10,254		16.8	%
Time deposits		26,872		29,707		31,961		32,481		33,221		(2,835	)	-9.5	%		(6,349	)	-19.1	%
Total customer deposits		97,991		98,163		96,261		94,682		94,086		(172	)	-0.2	%		3,905		4.2	%
Corporate Treasury Deposits
Time deposits		61		72		85		103		221		(11	)	-15.3	%		(160	)	-72.4	%
Other		—		—		—		—		728		—		NM			(728	)	-100.0	%
Total corporate treasury deposits		61		72		85		103		949		(11	)	-15.3	%		(888	)	-93.6	%
Total Deposits	$	98,052	$	98,235	$	96,346	$	94,785	$	95,035	$	(183	)	-0.2	%	$	3,017		3.2	%

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PAGE 10

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

($ amounts in millions)	2Q10		1Q10			4Q09			3Q09			2Q09			2Q10 vs.  1Q10					2Q10 vs.  2Q09
Net Interest Income	$	856	$	831		$	850		$	845		$	831		$	25		3.0	%	$	25		3.0	%
Non-Interest Income		756		812			718			772			1,199			(56	)	-6.9	%		(443	)	-36.9	%
Total Revenue		1,612		1,643			1,568			1,617			2,030			(31	)	-1.9	%		(418	)	-20.6	%
Non-Interest Expense		1,326		1,230			1,219			1,243			1,231			96		7.8	%		95		7.7	%
Pre-tax Pre-provision Net Revenue	$	286	$	413		$	349		$	374		$	799			(127	)	-30.8	%		(513	)	-64.2	%
Adjustments:
Regulatory charge		200					—			—			—			200		NM			200		NM
Securities (gains) losses, net		—		(59	)		96			(4	)		(108	)		59		NM			108		NM
Gain on sale of Visa shares		—		—			—			—			(80	)		—		NM			80		NM
Leveraged lease termination gains		—		(19	)		(71	)		(4	)		(189	)		19		NM			189		NM
Loss (gain) on extinguishment of debt		—		53			—			—			(61	)		(53	)	NM			61		NM
FDIC special assessment		—		—			—			—			64			—		NM			(64	)	NM
Securities impairment, net		—		1			—			3			69			(1	)	NM			(69	)	NM
Branch consolidation costs (1)		—		8			12			41			—			(8	)	NM			—		NM
Total adjustments		200		(16	)		37			36			(305	)		216		NM			505		NM
Adjusted PPNR	$	486	$	397		$	386		$	410		$	494		$	89		22.4	%	$	(8	)	-1.6	%

(1) Includes $7 million of net occupancy expense and $1 million in valuation charges in 1Q10; $3 million of net occupancy expense, $6 million of salary expense and $3 million in valuation charges in 4Q09; and $9 million of net occupancy expense, $7 million of furniture and equipment expense and $25 million in valuation charges in 3Q09.

Categorization of Income related to

Mortgage Servicing Rights (MSRs) (2)

($ amounts in millions)	2Q10		1Q10		4Q09			3Q09		2Q09			2Q10 vs. 1Q10				2Q10 vs. 2Q09
Net interest income (3)	$	—	$	3	$	20		$	—	$	—		(3	)	NM		—	NM
Brokerage, investment banking and capital markets (4)		—		4		5			—		—		(4	)	NM		—	NM
Mortgage income (5)		12		16		(4	)		19		(2	)	(4	)	-25.0	%	14	NM
	$	12	$	23	$	21		$	19	$	(2	)	(11	)	-47.8	%	14	NM

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

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

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

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

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PAGE 11

Non-Interest Income and Expense from Continuing Operations

Non-Interest Income and Expense

Non-Interest Income

($ amounts in millions)	2Q10		1Q10		4Q09			3Q09		2Q09		2Q10 vs. 1Q10					2Q10 vs. 2Q09
Service charges on deposit accounts	$	302	$	288	$	299		$	300	$	288	$	14		4.9	%	$	14		4.9	%
Brokerage, investment banking and capital markets		254		236		257			252		263		18		7.6	%		(9	)	-3.4	%
Mortgage income		63		67		46			76		64		(4	)	-6.0	%		(1	)	-1.6	%
Trust department income		49		48		48			49		48		1		2.1	%		1		2.1	%
Securities gains (losses), net		—		59		(96	)		4		108		(59	)	NM			(108	)	NM
Insurance income		26		27		25			25		27		(1	)	-3.7	%		(1	)	-3.7	%
Leveraged lease termination gains		—		19		71			4		189		(19	)	NM			(189	)	NM
Visa shares sale gain		—		—		—			—		80		—		NM			(80	)	NM
Gain on early extinguishment of debt		—		—		—			—		61		—		NM			(61	)	NM
Other		62		68		68			62		71		(6	)	-8.8	%		(9	)	-12.7	%
Total non-interest income	$	756	$	812	$	718		$	772	$	1,199	$	(56	)	-6.9	%	$	(443	)	-36.9	%
Non-Interest Expense
($ amounts in millions)	2Q10		1Q10		4Q09			3Q09		2Q09		2Q10 vs. 1Q10					2Q10 vs. 2Q09
Salaries and employee benefits	$	560	$	575	$	566		$	578	$	586	$	(15	)	-2.6	%	$	(26	)	-4.4	%
Net occupancy expense		110		120		114			121		112		(10	)	-8.3	%		(2	)	-1.8	%
Furniture and equipment expense		79		74		74			83		78		5		6.8	%		1		1.3	%
Professional and legal fees		75		66		108			98		50		9		13.6	%		25		50.0	%
Marketing expense		18		15		18			20		20		3		20.0	%		(2	)	-10.0	%
Amortization of core deposit intangible		27		28		29			30		30		(1	)	-3.6	%		(3	)	-10.0	%
Other real estate owned expense		41		42		64			61		24		(1	)	-2.4	%		17		70.8	%
Other-than-temporary impairments, net		—		1		—			3		69		(1	)	NM			(69	)	NM
FDIC premiums - special assessment		—		—		—			—		64		—		NM			(64	)	NM
FDIC premiums		58		59		54			56		43		(1	)	-1.7	%		15		34.9	%
Valuation charges associated with branch consolidations		—		1		3			25		—		(1	)	NM			—		—
Loss on early extinguishment of debt		—		53		—			—		—		(53	)	NM			—		—
Regulatory charge		200		—		—			—		—		200		NM			200		NM
Other		158		196		189			168		155		(38	)	-19.4	%		3		1.9	%
Total non-interest expense	$	1,326	$	1,230	$	1,219		$	1,243	$	1,231	$	96		7.8	%	$	95		7.7	%

• Excluding prior quarter’s gains on sale of securities and leveraged lease terminations, non-interest revenue increased $22 million or 3% versus the prior quarter

• Service charges income increased 5% linked quarter, driven by higher interchange transaction activity. Policy changes associated with Regulation E began in the second quarter and will be fully implemented during the third quarter.

• Brokerage income increased $18 million to $254 million, driven by higher private client revenue, fixed income capital markets, as well as improved investment banking activity

• Mortgage income declined $4 million linked quarter, primarily reflecting the impact of a reduced benefit from mortgage servicing rights hedging activities. Origination volumes increased $400 million to $1.8 billion, with over half of originations reflecting new purchase activity.

• Non-interest expenses, as adjusted for prior quarter’s branch consolidation charges, loss on early extinguishment of debt, and current quarter’s regulatory charge, declined 4% linked quarter

• Salaries and benefits expense declined $15 million linked quarter, driven by lower headcount and a seasonal payroll tax decline

• Professional and legal fees increased $9 million linked quarter, reflecting higher Morgan Keegan and credit-related costs

• Other real estate owned expense and gains/losses on loans held for sale (included in other non-interest expense) improved by $22 million linked quarter, driven by improved sales pricing and a decline in foreclosed properties

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PAGE 12

Morgan Keegan

Morgan Keegan

Summary Income Statement (1)

($ amounts in millions)	2Q10			1Q10		4Q09		3Q09		2Q09		2Q10 vs. 1Q10					2Q10 vs. 2Q09
Revenues:
Commissions	$	55		$	54	$	52	$	53	$	48	$	1		1.9	%	$	7		14.6	%
Principal transactions		85			98		100		116		122		(13	)	-13.3	%		(37	)	-30.3	%
Investment banking		61			51		67		50		56		10		19.6	%		5		8.9	%
Interest		18			17		17		17		19		1		5.9	%		(1	)	-5.3	%
Trust fees and services		47			45		45		47		44		2		4.4	%		3		6.8	%
Investment advisory		36			28		38		44		32		8		28.6	%		4		12.5	%
Other		8			21		18		6		16		(13	)	-61.9	%		(8	)	-50.0	%
Total revenues		310			314		337		333		337		(4	)	-1.3	%		(27	)	-8.0	%
Expenses:
Interest expense		3			3		3		3		5		—		0.0	%		(2	)	-40.0	%
Regulatory charge		200			—		—		—		—		200		NM			200		NM
Other non-interest expense		275			272		305		284		285		3		1.1	%		(10	)	-3.5	%
Total expenses		478			275		308		287		290		203		73.8	%		188		64.8	%
Income (loss) before income taxes		(168	)		39		29		46		47		(207	)	NM			(215	)	NM
Income taxes		12			14		11		17		17		(2	)	-14.3	%		(5	)	-29.4	%
Net income (loss)	$	(180	)	$	25	$	18	$	29	$	30	$	(205	)	NM		$	(210	)	NM

Breakout of Revenue by Division (2)

($ amounts in millions)	Private Client			Fixed- Income Capital Markets			Equity Capital Markets			Investment Banking			Regions MK Trust			Asset Management			Interest & Other
Three months ended June 30, 2010
$ amount of revenue	$	119		$	79		$	15		$	35		$	52		$	5		$	5
% of gross revenue		38.4	%		25.5	%		4.8	%		11.3	%		16.8	%		1.6	%		1.6	%
Three months ended March 31, 2010
$ amount of revenue	$	114		$	72		$	13		$	27		$	49		$	4		$	35
% of gross revenue		36.3	%		22.9	%		4.1	%		8.6	%		15.6	%		1.3	%		11.2	%
Six months ended June 30, 2010
$ amount of revenue	$	233		$	151		$	28		$	62		$	101		$	9		$	40
% of gross revenue		37.3	%		24.2	%		4.5	%		9.9	%		16.2	%		1.4	%		6.5	%
Six months ended June 30, 2009
$ amount of revenue	$	199		$	182		$	28		$	44		$	97		$	18		$	43
% of gross revenue		32.6	%		29.8	%		4.6	%		7.2	%		15.9	%		2.9	%		7.0	%

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

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

• Fixed Income Capital Markets revenue remained strong, benefiting from higher municipal issuances as well as institutional customers’ continued demand for Treasury products.

• Investment Banking revenues for the quarter were strong due to several large municipal financing engagements, including those related to underwriting Build America Bonds. Shattuck Hammond, an independent division specializing in healthcare M&A, also had a solid quarter leading a number of transactions.

• Morgan Keegan ended the first half of 2010 as the 8th leading underwriter of municipal bonds and the leading underwriter of Build America Bonds, according to Thomson Reuters

FINANCIAL SUPPLEMENT TO

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PAGE 13

Credit Quality

Credit Quality

	As of and for Quarter Ended
($ amounts in millions)	6/30/10			3/31/10			12/31/09			9/30/09			6/30/09
Allowance for credit losses (ACL)	$	3,256		$	3,250		$	3,188		$	2,690		$	2,335
Provision for loan losses		651			770			1,179			1,025			912
Provision for unfunded credit losses		5			(8	)		10			10			(21	)
Net loans charged-off:*
Commercial and industrial		87			92			76			137			84
Commercial real estate mortgage - owner-occupied		39			32			38			17			15
Commercial real estate construction - owner-occupied		3			14			9			2			3
Total commercial		129			138			123			156			102
Commercial investor real estate mortgage		203			207			210			196			90
Commercial investor real estate construction		133			150			159			148			111
Total investor real estate		336			357			369			344			201
Residential first mortgage		61			62			55			57			51
Home equity		106			116			113			94			113
Indirect		4			8			10			10			11
Other consumer		15			19			22			19			13
Total	$	651		$	700		$	692		$	680		$	491
Net loan charge-offs as a % of average loans, annualized *
Commercial and industrial		1.65	%		1.74	%		1.39	%		2.43	%		1.49	%
Commercial real estate mortgage - owner-occupied		1.28	%		1.09	%		1.26	%		0.55	%		0.51	%
Commercial real estate construction - owner-occupied		2.17	%		8.41	%		4.45	%		0.88	%		1.00	%
Total commercial		1.53	%		1.64	%		1.41	%		1.73	%		1.15	%
Commercial investor real estate mortgage		5.22	%		5.17	%		5.11	%		4.74	%		2.23	%
Commercial investor real estate construction		12.33	%		12.00	%		10.26	%		8.40	%		5.94	%
Total investor real estate		6.77	%		6.80	%		6.52	%		5.83	%		3.40	%
Residential first mortgage		1.58	%		1.63	%		1.40	%		1.45	%		1.31	%
Home equity		2.84	%		3.07	%		2.89	%		2.37	%		2.85	%
Indirect		0.72	%		1.38	%		1.58	%		1.46	%		1.31	%
Other consumer		5.23	%		6.68	%		7.37	%		6.21	%		4.78	%
Total		2.99	%		3.16	%		2.99	%		2.86	%		2.06	%
Non-accrual loans	$	3,473		$	3,706		$	3,488		$	3,216		$	2,618
Foreclosed properties		546			610			607			503			439
Non-performing assets, excluding loans held for sale	$	4,019		$	4,316		$	4,095		$	3,719		$	3,057
Non-performing loans held for sale		256			256			317			380			371
Non-performing assets (NPAs)	$	4,275		$	4,572		$	4,412		$	4,099		$	3,428
Loans past due > 90 days*	$	612		$	700		$	688		$	643		$	613
Commercial loans restructured not included in categories above	$	47		$	48		$	25		$	16		$	11
Consumer loans restructured not included in categories above**	$	1,192		$	1,258		$	1,583		$	1,400		$	1,167
Total restructured loans not included in categories above	$	1,239		$	1,306		$	1,608		$	1,416		$	1,178
Credit Ratios:
ACL/Loans, net		3.79	%		3.69	%		3.52	%		2.90	%		2.43	%
ALL/Loans, net		3.71	%		3.61	%		3.43	%		2.83	%		2.37	%
Allowance for loan losses to non-performing loans - excludes loans held for sale		0.92x			0.86x			0.89x			0.82x			0.87x
NPAs (ex. 90+ past due)/Loans and foreclosed properties		4.94	%		5.15	%		4.83	%		4.40	%		3.55	%
NPAs (ex. 90+ past due)/Loans and foreclosed properties - excludes loans held for sale		4.65	%		4.86	%		4.49	%		3.99	%		3.17	%
NPAs (inc. 90+ past due)/Loans and foreclosed properties		5.65	%		5.94	%		5.59	%		5.08	%		4.18	%
NPAs (inc. 90+ past due)/Loans and foreclosed properties - excludes loans held for sale		5.35	%		5.65	%		5.24	%		4.68	%		3.80	%

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

** At 6/30/10, 70 percent of consumer loans restructured not included in categories above consist of residential first mortgages.

Allowance for Credit Losses

	Six Months Ended June 30
($ amounts in millions)	2010			2009
Balance at beginning of year	$	3,188		$	1,900
Net loans charged-off		(1,350	)		(881	)
Provision for loan losses		1,421			1,337
Provision for unfunded credit commitments		(3	)		(21	)
Balance at end of period	$	3,256		$	2,335
Components:
Allowance for loan losses	$	3,185		$	2,282
Reserve for unfunded credit commitments		71			53
Allowance for credit losses	$	3,256		$	2,335

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PAGE 14

Total Loan Portfolio

Risk View

	2Q2010			1Q2010			4Q2009			3Q2009			2Q2009
($ millions)	$	% Total		$	% Total		$	% Total		$	% Total		$	% Total
Commercial and Industrial	21,096	24.6	%	21,220	24.1	%	21,547	23.8	%	21,925	23.6	%	23,619	24.6	%
Commercial Real Estate Mortgage - OO	11,967	13.9	%	12,028	13.6	%	12,054	13.3	%	12,103	13.0	%	12,282	12.8	%
Commercial Real Estate Construction - OO	547	0.6	%	598	0.7	%	751	0.8	%	875	0.9	%	1,060	1.1	%
Total Commercial	33,610	39.1	%	33,846	38.4	%	34,352	37.9	%	34,903	37.6	%	36,961	38.4	%
Commercial Investor Real Estate Mortgage	15,152	17.6	%	15,702	17.8	%	16,109	17.8	%	16,190	17.5	%	16,419	17.1	%
Commercial Investor Real Estate Construction	3,778	4.4	%	4,703	5.3	%	5,591	6.2	%	6,616	7.1	%	7,163	7.4	%
Total Investor Real Estate	18,930	22.0	%	20,405	23.1	%	21,700	23.9	%	22,806	24.6	%	23,582	24.5	%
Residential First Mortgage	15,567	18.1	%	15,592	17.7	%	15,632	17.2	%	15,513	16.7	%	15,564	16.2	%
Home Equity	14,802	17.2	%	15,066	17.1	%	15,381	17.0	%	15,630	16.9	%	15,796	16.4	%
Direct	799	0.9	%	774	0.9	%	783	0.9	%	797	0.9	%	786	0.8	%
Indirect	1,900	2.2	%	2,162	2.5	%	2,452	2.7	%	2,755	3.0	%	3,099	3.2	%
Other Consumer	337	0.4	%	329	0.4	%	374	0.4	%	350	0.4	%	361	0.4	%
Total Consumer	33,405	38.9	%	33,923	38.5	%	34,622	38.2	%	35,045	37.8	%	35,606	37.0	%
Total Loans	85,945	100.0	%	88,174	100.0	%	90,674	100.0	%	92,754	100.0	%	96,149	100.0	%

OO = Owner Occupied

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PAGE 15

Net Charge-Offs

Risk View

	2Q2010			1Q2010			4Q2009			3Q2009			2Q2009
($ millions)	$	%		$	%		$	%		$	%		$	%
Commercial and Industrial	87	1.65	%	92	1.74	%	76	1.39	%	137	2.43	%	84	1.49	%
Commercial Real Estate Mortgage - OO	39	1.28	%	32	1.09	%	38	1.26	%	17	0.55	%	15	0.51	%
Commercial Real Estate Construction - OO	3	2.17	%	14	8.41	%	9	4.45	%	2	0.88	%	3	1.00	%
Total Commercial	129	1.53	%	138	1.64	%	123	1.41	%	156	1.73	%	102	1.15	%
Commercial Investor Real Estate Mortgage	203	5.22	%	207	5.17	%	210	5.11	%	196	4.74	%	90	2.23	%
Commercial Investor Real Estate Construction	133	12.33	%	150	12.00	%	159	10.26	%	148	8.40	%	111	5.94	%
Total Investor Real Estate	336	6.77	%	357	6.80	%	369	6.52	%	344	5.83	%	201	3.40	%
Residential First Mortgage	61	1.58	%	62	1.63	%	55	1.40	%	57	1.45	%	51	1.31	%
Home Equity	106	2.84	%	116	3.07	%	113	2.89	%	94	2.37	%	113	2.85	%
Direct	3	1.51	%	4	1.85	%	4	2.07	%	5	2.47	%	3	1.59	%
Indirect	4	0.72	%	8	1.38	%	10	1.58	%	10	1.46	%	11	1.31	%
Other Consumer	12	13.47	%	15	16.90	%	18	18.46	%	14	15.61	%	10	12.00	%
Total Consumer	186	2.22	%	205	2.42	%	200	2.28	%	180	2.03	%	188	2.10	%
Total Net Charge-Offs	651	2.99	%	700	3.16	%	692	2.99	%	680	2.86	%	491	2.06	%

OO = Owner Occupied

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PAGE 16

90+ Days Past Due Loans

Risk View

	2Q2010			1Q2010			4Q2009			3Q2009			2Q2009
($ millions)	$	%		$	%		$	%		$	%		$	%
Commercial and Industrial	7	0.03	%	24	0.11	%	24	0.11	%	13	0.06	%	14	0.06	%
Commercial Real Estate Mortgage - OO	4	0.04	%	6	0.05	%	16	0.13	%	12	0.10	%	17	0.14	%
Commercial Real Estate Construction - OO	—	0.00	%	—	0.00	%	2	0.24	%	1	0.10	%	3	0.29	%
Total Commercial	11	0.03	%	30	0.09	%	42	0.12	%	26	0.07	%	34	0.09	%
Commercial Investor Real Estate Mortgage	26	0.17	%	42	0.27	%	22	0.14	%	29	0.18	%	46	0.28	%
Commercial Investor Real Estate Construction	4	0.10	%	6	0.14	%	8	0.14	%	11	0.16	%	13	0.18	%
Total Investor Real Estate	30	0.16	%	48	0.24	%	30	0.14	%	40	0.18	%	59	0.25	%
Residential First Mortgage	349	2.24	%	365	2.34	%	361	2.31	%	345	2.23	%	360	2.32	%
Home Equity	215	1.45	%	249	1.65	%	241	1.57	%	222	1.42	%	148	0.94	%
Direct	1	0.14	%	1	0.17	%	2	0.30	%	2	0.22	%	2	0.21	%
Indirect	3	0.12	%	3	0.16	%	6	0.24	%	4	0.16	%	5	0.15	%
Other Consumer	3	0.90	%	4	1.20	%	6	1.34	%	4	1.07	%	5	1.33	%
Total Consumer	571	1.71	%	622	1.83	%	616	1.78	%	577	1.65	%	520	1.46	%
Total 90+ Days Past Due Loans	612	0.71	%	700	0.79	%	688	0.76	%	643	0.69	%	613	0.64	%

OO = Owner Occupied

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Non-Accrual Loans (excludes loans held for sale)

Risk View

	2Q2010			1Q2010			4Q2009			3Q2009			2Q2009
($ millions)	$	%		$	%		$	%		$	%		$	%
Total Commercial & Industrial	479	2.27	%	517	2.43	%	427	1.98	%	381	1.73	%	383	1.62	%
Total Commercial Real Estate Mortgage - OO	680	5.68	%	623	5.18	%	560	4.65	%	450	3.72	%	372	3.03	%
Total Commercial Real Estate Construction - OO	37	6.77	%	38	6.47	%	50	6.69	%	47	5.33	%	45	4.29	%
Total Commercial	1,196	3.56	%	1,178	3.48	%	1,037	3.02	%	878	2.52	%	800	2.16	%
Total Commercial Investor Real Estate Mortgage	1,286	8.49	%	1,343	8.55	%	1,203	7.47	%	1,184	7.31	%	811	4.94	%
Total Commercial Investor Real Estate Construction	754	19.94	%	986	20.97	%	1,067	19.07	%	992	14.99	%	869	12.13	%
Total Investor Real Estate	2,040	10.77	%	2,329	11.41	%	2,270	10.46	%	2,176	9.54	%	1,680	7.12	%
Residential First Mortgage	212	1.36	%	199	1.28	%	180	1.15	%	162	1.05	%	136	0.87	%
Home Equity	25	0.17	%	—	0.00	%	1	0.00	%	—	0.00	%	2	0.01	%
Direct	—	0.00	%	—	0.00	%	—	0.00	%	—	0.00	%	—	0.00	%
Indirect	—	0.00	%	—	0.00	%	—	0.00	%	—	0.00	%	—	0.00	%
Other Consumer	—	0.00	%	—	0.00	%	—	0.00	%	—	0.00	%	—	0.00	%
Total Consumer	237	0.71	%	199	0.59	%	181	0.52	%	162	0.46	%	138	0.39	%
Total Non-Accrual Loans	3,473	4.04	%	3,706	4.20	%	3,488	3.85	%	3,216	3.47	%	2,618	2.72	%

OO = Owner Occupied

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FINANCIAL SUPPLEMENT TO

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FINANCIAL SUPPLEMENT TO

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FINANCIAL SUPPLEMENT TO

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FINANCIAL SUPPLEMENT TO

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PAGE 22

Home Equity Lending Net Charge-off Analysis

		2Q10									1Q10									4Q09									3Q09									2Q09
($ 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 %*		3.12	%		7.10	%		5.57	%		2.92	%		7.96	%		6.04	%		3.17	%		7.47	%		5.83	%		2.19	%		6.33	%		4.77	%		2.44	%		7.89	%		5.85	%
	$ Losses	$	16.5		$	59.7		$	76.2		$	15.4		$	68.2		$	83.6		$	17.4		$	66.4		$	83.8		$	12.1		$	57.4		$	69.5		$	13.2		$	72.0		$	85.2
	Balance	$	2,098.0		$	3,333.3		$	5,431.3		$	2,126.5		$	3,424.9		$	5,551.4		$	2,169.7		$	3,485.5		$	5,655.2		$	2,181.0		$	3,570.4		$	5,751.4		$	2,171.3		$	3,624.8		$	5,796.1
	Original LTV		65.7	%		76.1	%		72.1	%
All Other States	Net Charge-off %*		0.75	%		1.67	%		1.26	%		0.74	%		1.85	%		1.35	%		0.93	%		1.39	%		1.18	%		0.56	%		1.33	%		0.98	%		0.63	%		1.50	%		1.11	%
	$ Losses	$	8.0		$	21.6		$	29.6		$	7.9		$	24.0		$	31.9		$	10.4		$	18.8		$	29.2		$	6.2		$	18.3		$	24.5		$	7.2		$	20.7		$	27.9
	Balance	$	4,250.3		$	5,120.4		$	9,370.7		$	4,306.0		$	5,208.4		$	9,514.4		$	4,394.8		$	5,330.6		$	9,725.4		$	4,451.0		$	5,428.0		$	9,879.0		$	4,508.6		$	5,491.6		$	10,000.2
	Original LTV		67.7	%		79.8	%		74.2	%
Totals	Net Charge-off %*		1.53	%		3.81	%		2.84	%		1.46	%		4.27	%		3.07	%		1.67	%		3.79	%		2.89	%		1.09	%		3.32	%		2.37	%		1.22	%		4.04	%		2.85	%
	$ Losses	$	24.5		$	81.3		$	105.8		$	23.3		$	92.2		$	115.5		$	27.8		$	85.2		$	113.0		$	18.3		$	75.7		$	94.0		$	20.4 $			92.7		$	113.1
	Balance	$	6,348.3		$	8,453.7		$	14,802.0		$	6,432.5		$	8,633.3		$	15,065.8		$	6,564.5		$	8,816.1		$	15,380.6		$	6,632.0		$	8,998.4		$	15,630.4		$	6,679.9		$	9,116.4		$	15,796.3
	Original LTV		67.0	%		78.3	%		73.4	%

* 23% Florida second lien concentration driving results

* Second lien, Florida net charge-offs represent 56% of 2Q10 net charge-offs but just 23% of outstanding balances.

* Net charge-offs in Florida approximately 4.4 times non-Florida net charge-off rate

* Origination quality solid with an average FICO of 774 and an average LTV of 63%; Property value declines driving losses

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

    * Balances shown on an ending basis. Net loss rates calculated using average balances

    * Original LTVs shown for current period only; prior period LTVs not materially different

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PAGE 23

Credit Costs Moderating

(in millions)	2Q09			3Q09		4Q09		1Q10		2Q10
Net Charge-offs
IRE Valuation Losses	$	129		$	191	$	215	$	198	$	142
Investor Real Estate (IRE)		39			45		55		59		74
Commercial		99			136		107		128		117
Consumer Real Estate		164			150		168		177		167
Other Consumer		24			30		32		28		19
Net Charge-offs excluding charge-offs from Sales / Transfers to HFS		455			552		577		590		519
Sales/Transfer to HFS		36			128		115		110		132
Total Net Charge-offs	$	491		$	680	$	692	$	700	$	651
Net Loss / (Gain) - HFS Sales		(2	)		1		2		6		(9	)
HFS Write-downs(1)		5			9		9		10		5
OREO expense		24			61		65		42		40
Total Credit Costs	$	518		$	751	$	768	$	758	$	687

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

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FINANCIAL SUPPLEMENT TO

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PAGE 25

Gross and Net NPA Migration Moderating

($ in millions)	2Q 2009			3Q 2009			4Q 2009			1Q 2010			2Q 2010
Beginning Non-Performing Assets¹	$	1,935		$	3,057		$	3,719		$	4,095		$	4,316
Additions	$	1,758		$	1,667		$	1,404		$	1,306		$	887
Payments		(116	)		(90	)		(88	)		(124	)		(135	)
Returned to Accruing Status		(10	)		(42	)		(44	)		(55	)		(58	)
Charge-Offs / OREO Write-Downs		(296	)		(440	)		(451	)		(443	)		(402	)
Net Additions	$	1,336		$	1,095		$	821		$	684		$	292
Dispositions		(80	)		(232	)		(312	)		(376	)		(430	)
Moved to Held for Sale		(134	)		(201	)		(133	)		(87	)		(159	)
Ending Non-Performing Assets¹	$	3,057		$	3,719		$	4,095		$	4,316		$	4,019
Change Versus Previous Quarter	$	1,122		$	662		$	376		$	221		($	297	)

¹ Excludes Loans Held for Sale

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PAGE 26

Additional Financial and Operational Data

	6/30/10	3/31/10	12/31/09	9/30/09	6/30/09
Associate headcount	27,895	28,213	28,509	28,995	29,838
Total branch outlets	1,774	1,774	1,895	1,895	1,899
ATMs	2,162	2,198	2,304	2,313	2,321
Morgan Keegan offices	325	321	324	339	324

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Reconciliation to GAAP Financial Measures

The table below presents computations of earnings and certain other financial measures excluding regulatory charge (non-GAAP). The regulatory charge is included in financial results presented in accordance with generally accepted accounting principles (GAAP). Regions believes that the exclusion of the regulatory charge in expressing earnings and certain other financial measures, including “earnings (loss) per common share, excluding regulatory charge”, “return on average assets, excluding regulatory charge” and “return on average tangible common equity, excluding regulatory charge” (explained on next page) provides a meaningful base for period-to-period comparisons, which management believes will assist investors in analyzing the operating results of the Company and predicting future performance. These non-GAAP financial measures are also used by management to assess the performance of Regions’ business, because management does not consider the regulatory charge to be relevant to ongoing operating results. Management and the Board of Directors utilize these non-GAAP financial measures for the following purposes: preparation of Regions’ operating budgets; 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; monthly close-out “flash” reporting of consolidated results (management only); and presentations to investors of company performance. Regions believes that presenting these non-GAAP financial measures will permit investors to assess the performance of the Company on the same basis as that applied by management and the Board of Directors. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. To mitigate these limitations, Regions has policies and procedures in place to identify and address expenses that qualify for non-GAAP presentation, including authorization and system controls to ensure accurate period to period comparisons. Although these non-GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools, and should not be considered in isolation, or as a substitute for analyses of results as reported under GAAP. In particular, a measure of earnings that excludes the regulatory charge does not represent the amount that effectively accrues directly to stockholders (i.e. the regulatory charge is a reduction in earnings and stockholders’ equity).

		As of and for Quarter Ended
($ amounts in millions, except per share data)		06/30/10			03/31/10			12/31/09			09/30/09			06/30/09
INCOME (LOSS)
Net income (loss) (GAAP)		$	(277	)	$	(196	)	$	(543	)	$	(377	)	$	(188	)
Preferred dividends and accretion (GAAP)			(58	)		(59	)		(63	)		(60	)		(56	)
Net income (loss) available to common shareholders (GAAP)	A	$	(335	)	$	(255	)	$	(606	)	$	(437	)	$	(244	)
Net income (loss) available to common shareholders (GAAP)		$	(335	)	$	(255	)	$	(606	)	$	(437	)	$	(244	)
Regulatory charge, net of tax			200			—			—			—			—
Net income (loss) available to common shareholders, excluding regulatory charge (non-GAAP)	B		(135	)		(255	)		(606	)		(437	)		(244	)
Weighted-average diluted shares	C		1,200			1,194			1,191			1,189			876
Earnings (loss) per common share - diluted (GAAP)	A/C		(0.28	)		(0.21	)		(0.51	)		(0.37	)		(0.28	)
Earnings (loss) per common share, excluding regulatory charge - diluted (non-GAAP)	B/C		(0.11	)		(0.21	)		(0.51	)		(0.37	)		(0.28	)

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SECOND QUARTER 2010 EARNINGS RELEASE

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Reconciliation to GAAP Financial Measures

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

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

					As of and for Quarter Ended
($ amounts in millions, except per share data)		06/30/10			03/31/10			12/31/09			09/30/09			06/30/09
RETURN ON AVERAGE ASSETS
Average assets (GAAP)	D	$	137,285		$	139,565		$	141,133		$	140,305		$	146,087
Return on average assets (GAAP) (1)	A/D		-0.98	%		-0.74	%		-1.70	%		-1.24	%		-0.67	%
Return on average assets, excluding regulatory charge (non-GAAP) (1)	B/D		-0.40	%		-0.74	%		-1.70	%		-1.24	%		-0.67	%
RETURN ON AVERAGE TANGIBLE COMMON STOCKHOLDERS’ EQUITY
Average stockholders’ equity (GAAP)		$	17,592		$	17,798		$	18,248		$	18,612		$	17,495
Less: Average intangible assets (GAAP)			6,019			6,046			6,077			6,108			6,138
Average preferred equity (GAAP)			3,576			3,605			3,606			3,606			3,421
Average tangible common stockholders’ equity (non-GAAP)	E	$	7,997		$	8,147		$	8,565		$	8,898		$	7,936
Return on average tangible common stockholders’ equity (GAAP) (1)	A/E		-16.80	%		-12.69	%		-28.03	%		-19.48	%		-12.34	%
Return on average tangible common stockholders’ equity, excluding regulatory charge (non-GAAP) (1)	B/E		-6.79	%		-12.69	%		-28.03	%		-19.48	%		-12.34	%
TANGIBLE COMMON RATIOS
Stockholders’ equity (GAAP)		$	17,463		$	17,638		$	17,881		$	18,492		$	18,737
Less: Intangible assets (GAAP)			6,003			6,031			6,060			6,093			6,124
Preferred equity (GAAP)			3,360			3,610			3,602			3,612			3,603
Tangible common stockholders’ equity (non-GAAP)	F	$	8,100		$	7,997		$	8,219		$	8,787		$	9,010
Total assets (GAAP)		$	135,340		$	137,230		$	142,318		$	139,986		$	142,811
Less: Intangible assets (GAAP)			6,003			6,031			6,060			6,093			6,124
Tangible assets (non-GAAP)	G	$	129,337		$	131,199		$	136,258		$	133,893		$	136,687
Shares outstanding—end of quarter	H		1,256			1,192			1,193			1,188			1,188
Tangible common stockholders’ equity to tangible assets (non-GAAP)	F/G		6.26	%		6.09	%		6.03	%		6.56	%		6.59	%
Tangible common book value per share (non-GAAP)	F/H	$	6.45		$	6.71		$	6.89		$	7.40		$	7.58
TIER 1 COMMON RISK-BASED RATIO (2)
Stockholders’ equity (GAAP)		$	17,463		$	17,638		$	17,881		$	18,492		$	18,737
Accumulated other comprehensive (income) loss			(306	)		(144	)		(130	)		(143	)		36
Non-qualifying goodwill and intangibles			(5,752	)		(5,771	)		(5,792	)		(5,821	)		(5,845	)
Disallowed deferred tax assets			(443	)		(932	)		(947	)		(485	)		(403	)
Disallowed servicing assets			(22	)		(27	)		(25	)		(21	)		(20	)
Qualifying non-controlling interests			92			91			91			91			91
Qualifying trust preferred securities			846			846			846			846			846
Tier 1 capital (regulatory)		$	11,878		$	11,701		$	11,924		$	12,959		$	13,442
Qualifying non-controlling interests			(92	)		(91	)		(91	)		(91	)		(91	)
Qualifying trust preferred securities			(846	)		(846	)		(846	)		(846	)		(846	)
Preferred stock			(3,360	)		(3,610	)		(3,602	)		(3,612	)		(3,603	)
Tier 1 common equity (non-GAAP)	J	$	7,580		$	7,154		$	7,385		$	8,410		$	8,902
Risk-weighted assets (regulatory)	K		98,653			100,323			103,330			106,673			110,558
Tier 1 common risk-based ratio (non-GAAP)	J/K		7.7	%		7.1	%		7.1	%		7.9	%		8.1	%

(1) Income statement amounts have been annualized in calculation

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

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PAGE 29

Forward-Looking Statements

This presentation may include forward-looking statements which reflect Regions’ current views with respect to future events and financial performance. The Private Securities Litigation Reform Act of 1995 (“the Act”) provides a safe harbor for forward-looking statements which are identified as such and are accompanied by the identification of important factors that could cause actual results to differ materially from the forward-looking statements. For these statements, we, together with our subsidiaries, claim the protection afforded by the safe harbor in the Act. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results or other developments. Forward-looking statements are based on management’s expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. Those statements are based on general assumptions and are subject to various risks, uncertainties and other factors that may cause actual results to differ materially from the views, beliefs and projections expressed in such statements. These risks, uncertainties and other factors include, but are not limited to, those described below:

• The Dodd-Frank Wall Street Reform and Consumer Protection Act became law on July 21, 2010 and a number of legislative, regulatory and tax proposals remain pending. Additionally, the U.S. Treasury and federal banking regulators continue to implement, and is beginning to wind down, a number of programs to address capital and liquidity issues in the banking system. All of the foregoing may have significant effects on Regions and the financial services industry, the exact nature of which cannot be determined at this time.

• The impact of compensation and other restrictions imposed under the Troubled Asset Relief Program (“TARP”) until Regions repays the outstanding preferred stock issued under TARP including restrictions on Regions’ ability to attract and retain talented executives and employees.

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

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

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

• Possible changes in general economic and business conditions in the United States in general and in the communities Regions serves in particular, including any prolonging or worsening of the current unfavorable economic conditions, including unemployment levels.

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

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

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

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

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

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

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

• Regions’ ability to keep pace with technological changes.

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

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

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

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

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

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

• The effects of weather and natural disasters such as floods, droughts and hurricanes and the effects of the Gulf of Mexico oil spill.

• Regions’ ability to maintain favorable ratings from ratings agencies.

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

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

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

• Regions’ ability to receive dividends from its subsidiaries.

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

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

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 “Risk Factors” in Regions’ Annual Report on Form 10-K for the year ended December 31, 2009 and Form 10-Q for the quarter ended March 31, 2010, as on file with the Securities and Exchange Commission.

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

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