Regions Financial Corp. Announces CCAR Results and Proposed Dividend Increase

  Regions Financial Corp. Announces CCAR Results and Proposed Dividend
  Increase

Business Wire

BIRMINGHAM, Ala. -- March 26, 2014

Today the Federal Reserve indicated to Regions Financial Corporation (NYSE:RF)
that it does not object to the company’s capital plan and proposed capital
actions covering the period from April 1, 2014, to March 31, 2015. The capital
plan was submitted to the Federal Reserve on January 6, 2014, as part of the
Comprehensive Capital Analysis and Review (CCAR).

Actions that Regions may undertake as outlined in its capital plan include
increasing the quarterly common dividend to $0.05 per share and potentially
the repurchase of up to $350 million in common shares. These proposed capital
actions are subject to approval by the Regions Board of Directors. The timing
and amount of any repurchases will, consistent with Regions’ capital plan, be
subject to the completion of certain other capital actions, as well as other
factors, such as general market conditions.

“The outcome of the capital plan review demonstrates the strength of our
company and our continued focus on prudently managing and growing our
business,” said Grayson Hall, Regions’ chairman, president and chief executive
officer. “We believe this capital plan strikes an appropriate balance between
preserving our ability to deploy capital in pursuit of organic loan growth and
returning capital to shareholders, consistent with our strategic priorities.”

Regions’ ongoing and robust capital planning process is designed to ensure the
efficient use of capital while maintaining a long-term approach to capital
allocation and distribution. The company’s top priorities for capital
deployment are reinvesting in the business through organic loan growth,
increasing the company’s quarterly common dividend, and appropriately
returning capital to shareholders through share repurchases. Other
considerations include the pursuit of strategic opportunities consistent with
the company’s risk tolerance.

Regions has also disclosed the results of its company-administered stress test
on the Investor Relations section of regions.com within the regulatory
disclosures area. The disclosure is required by 12 CFR 252.148, which
implements the requirements of Section 165(i)(2) of the Dodd-Frank Wall Street
Reform and Consumer Protection Act.

About Regions Financial Corporation

Regions Financial Corporation, with $117 billion in assets, is a member of the
S&P 500 Index and is one of the nation’s largest full-service providers of
consumer and commercial banking, wealth management, mortgage, and insurance
products and services. Regions serves customers in 16 states across the South,
Midwest and Texas, and through its subsidiary, Regions Bank, operates
approximately 1,700 banking offices and 2,000 ATMs. Additional information
about Regions and its full line of products and services can be found at
www.regions.com.

Contact:

Regions Financial Corporation
Media Contact:
Evelyn Mitchell, 205-264-4551
or
Investor Relations Contacts:
List Underwood or Dana Nolan, 205-581-7890
 
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