Morgan Stanley U.S. Financials Conference June 10 Longstanding Strategic Priorities Capital Resiliency • Prudent risk management evident in Federal Reserve's stress testing results 2.5% 1.8% Peer Median RF 2024 CCAR Capital Degradation(1) Proactive Interest Rate Hedging 11.68% Relentless focus on: • Credit Risk Management • Interest Rate Risk Management • Capital and Liquidity Management • Operational & Compliance Risk Management Committed to: • Diversified Revenue Streams • Appropriate Risk Adjusted Return ...

Summary of Regions Financial (RF) Conference Call Company Overview - **Company**: Regions Financial Corporation (RF) - **Date of Conference**: June 10, 2025 - **Key Speakers**: John Turner (CEO), David Turner (CFO), Kate Donella (Head of Consumer Banking) Core Industry Insights - **Focus on Long-term Performance**: The company emphasizes sustainable long-term performance through soundness, profitability, and growth [6][7] - **Credit Risk Management**: Improved credit risk management practices have led to better outcomes, reflected in strong CCAR results [6][7] - **Market Position**: Regions Financial has a strong market presence, with top five market share in 70 markets, growing at 1.5 times the national average [9][12] Financial Performance - **Shareholder Returns**: The company has delivered over 10% CAGR in dividend growth, placing it at the top of its peer group [8] - **Earnings Growth**: Regions has shown consistent growth in earnings per share, ranking as a top quartile performer over five and ten years [7][8] - **Deposit Growth**: The company has achieved $12.5 billion in deposit growth over the last five years in priority markets, with a total deposit opportunity of $1.5 trillion [12] Strategic Initiatives - **Investment in Human Capital**: Plans to add 170 bankers over the next three years, reallocating 600 branch bankers to focus on high-opportunity markets [13][14] - **Technology Investments**: Continued investment in technology to enhance customer service and operational efficiency [14][45] - **Wealth Management Growth**: The wealth management segment has grown at an 8.3% CAGR over the last six years, with plans to hire more wealth bankers [49] Market Sentiment and Economic Outlook - **Customer Sentiment**: Customers are in a "wait and see" mode due to economic uncertainties, particularly regarding tariffs and immigration reform [15][17] - **Loan Demand**: There is currently low loan growth due to uncertainty, with customers preferring to manage liquidity before borrowing [74] Regulatory Environment - **Regulatory Changes**: Anticipation of a more favorable regulatory environment, with increased transparency and dialogue with regulators [55][56] - **M&A Activity**: The company is not interested in depository M&A but is open to non-bank acquisitions, particularly in mortgage servicing and wealth management [61][63] Financial Guidance - **Net Interest Income (NII)**: Guidance for NII growth of 1% to 4% year-on-year, with potential for improvement based on market conditions [70][72] - **Fee Income Growth**: Expected growth in fee income of 1% to 3%, with challenges in mortgage and capital markets segments [76] - **Expense Management**: Guidance for flat to 2% increase in expenses, aiming for positive operating leverage [79] Key Risks and Considerations - **Tariff Impact**: Uncertainty regarding tariffs may affect credit risk and loan demand, though current credit health appears stable [24][26] - **Economic Clarity**: Customers need more clarity on economic conditions to unlock loan demand [34] Conclusion Regions Financial is positioned for growth through strategic investments in human capital and technology, while navigating economic uncertainties and regulatory changes. The focus remains on enhancing shareholder returns and maintaining strong market presence in priority growth areas.

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence through daily updates, research reports, and stock screens [1] - The Zacks Style Scores provide a framework for evaluating stocks based on value, growth, and momentum, aiding in identifying securities likely to outperform the market [2] Zacks Style Scores Overview - Stocks are rated A, B, C, D, or F based on their value, growth, and momentum characteristics, with higher scores indicating a better chance of outperforming [3] - The Value Score identifies attractive stocks using ratios like P/E, PEG, and Price/Sales, appealing to value investors [4] - The Growth Score focuses on a company's financial health and future outlook, assessing projected and historical earnings, sales, and cash flow [5] - The Momentum Score leverages price trends and earnings estimate changes to identify favorable investment opportunities [6] - The VGM Score combines value, growth, and momentum scores to highlight stocks with the best overall potential [6] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model based on earnings estimate revisions, which has shown a strong historical performance with 1 (Strong Buy) stocks averaging a +25.41% annual return since 1988 [7][8] - To maximize returns, investors should consider stocks with a Zacks Rank of 1 or 2 alongside Style Scores of A or B [9] - Stocks with lower ranks but high Style Scores may still face downward price pressure due to negative earnings outlooks [10] Company Spotlight: Regions Financial - Regions Financial Corporation is a financial holding company based in Birmingham, AL, offering a range of banking and financial services [11] - The company holds a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating solid performance potential [11] - Regions Financial has a Value Style Score of B, supported by a forward P/E ratio of 9.67, making it attractive to value investors [12] - Recent earnings estimates for fiscal 2025 have been revised upward, with the Zacks Consensus Estimate increasing to $2.24 per share, alongside an average earnings surprise of 6.7% [12]

Group 1 - Regions Financial is a regional bank with a focus on the South, Midwest, and Texas regions [1] - The bank has a strong track record of profitability while maintaining limited loan losses [1] - The investment group European Small Cap Ideas provides exclusive access to actionable research on European investment opportunities [1] Group 2 - The focus of the European Small Cap Ideas is on high-quality small-cap investment opportunities emphasizing capital gains and dividend income [1] - The group offers two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio [1] - Additional features include weekly updates, educational content, and an active chat room for discussions on portfolio developments [1]

Core Insights - Zacks Premium offers various tools to help investors navigate the stock market confidently, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - The Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, aiding investors in selecting stocks likely to outperform the market in the next 30 days [3][4] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [4] Value Score - The Value Score focuses on identifying undervalued stocks using ratios like P/E, PEG, and Price/Sales to find attractive investment opportunities [4] Growth Score - The Growth Score assesses a company's future prospects by analyzing projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth potential [5] Momentum Score - The Momentum Score capitalizes on price trends, using factors like one-week price changes and monthly earnings estimate changes to identify favorable investment timings [6] VGM Score - The VGM Score combines the three Style Scores, providing a comprehensive rating based on value, growth, and momentum, and is used alongside the Zacks Rank for stock selection [7] Zacks Rank - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [8][9] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for the highest probability of success [11] Company Spotlight: Regions Financial - Regions Financial Corporation is a financial holding company based in Birmingham, AL, offering a range of banking and financial services [13] - The company currently holds a Zacks Rank of 3 (Hold) with a VGM Score of B and a Value Style Score of B, supported by a forward P/E ratio of 9.46 [13][14] - Recent upward revisions in earnings estimates and a Zacks Consensus Estimate of $2.24 per share for fiscal 2025, along with an average earnings surprise of 6.7%, make Regions Financial a noteworthy consideration for investors [14]

Financial Performance - Regions reported net income of $465 million or $0.51 per diluted share for Q1 2025, up from $343 million or $0.37 per diluted share in Q1 2024, representing a 35.7% increase in net income [219]. - Non-interest income rose to $590 million in Q1 2025, up from $563 million in Q1 2024, driven by increased service charge income [222]. - Non-interest expenses decreased to $1.0 billion in Q1 2025, down $92 million from Q1 2024, primarily due to lower salaries and benefits [223]. - The effective tax rate for Q1 2025 was 21.1%, up from 20.7% in Q1 2024, with income tax expense increasing to $131 million from $96 million [394]. - Capital markets income decreased by 12.1% to $80 million in Q1 2025 from $91 million in Q1 2024, driven by lower merger and acquisition fees [384]. Interest Income and Expenses - Net interest income for Q1 2025 was $1.2 billion, an increase of $9 million compared to Q1 2024, with a net interest margin of 3.52%, down 3 basis points year-over-year [220]. - The net interest margin decreased by 3 basis points to 3.52% for the three months ended March 31, 2025, compared to 3.55% in the same period of 2024 [329]. - Total earning assets reached $138.864 billion, generating net interest income of $1,737 million with a yield of 5.01% for the three months ended March 31, 2025 [322]. - The total interest-bearing liabilities amounted to $95.013 billion, with an interest expense of $531 million, resulting in an interest rate of 2.27% for the same period [322]. - The Company’s balance sheet is naturally asset sensitive, with net interest income increasing with higher interest rates [334]. Loan Portfolio and Credit Quality - The total loan portfolio amounted to $95,733 million as of March 31, 2025, down from $96,727 million at the end of 2024, representing a decrease of approximately 1.03% [236]. - The commercial portfolio segment, which includes over half of the total loans, totaled $54,044 million as of March 31, 2025, down from $54,845 million at year-end 2024 [250][251]. - The allowance for loan losses and reserve for unfunded credit commitments totaled $1.7 billion as of March 31, 2025, unchanged from December 31, 2024 [272]. - Non-performing loans decreased to $843 million as of March 31, 2025, down from $928 million at December 31, 2024 [292]. - The provision for loan losses for Q1 2025 is $123 million, down from $162 million in Q1 2024 [289]. Deposits and Liquidity - Total deposits increased by approximately $3.4 billion to $130.971 billion at March 31, 2025, reflecting seasonal tax patterns and customer preference for liquidity [301]. - Non-interest-bearing deposits accounted for approximately 31% of total deposits, remaining stable compared to December 31, 2024 [301]. - Regions has $68.0 billion in total liquidity sources, including $11.0 billion in cash at the Federal Reserve Bank [369]. - The balance with the Federal Reserve Bank increased from approximately $7.8 billion at December 31, 2024, to $11.0 billion, driven by increased deposits and a decline in loan balances [371]. - Regions maintains a variety of liquidity sources to fund its obligations, including cash reserves and secured borrowing capabilities [366]. Capital and Shareholder Equity - Shareholders' equity rose to $18.5 billion at March 31, 2025, up from $17.9 billion at December 31, 2024, driven by a net income increase of $490 million [318]. - Regions' CET1 ratio was estimated at 10.8% as of March 31, 2025, in compliance with regulatory capital requirements [224]. - Regions' common equity Tier 1 capital ratio was 10.79% at March 31, 2025, slightly down from 10.80% at December 31, 2024 [312]. - The Company purchased 1.3 million shares for approximately $27 million, which were immediately retired [320]. - Long-term borrowings increased by approximately $26 million from year-end 2024, totaling $6.019 billion at March 31, 2025 [307]. Economic Outlook - The baseline economic forecast for March 2025 declined slightly compared to December 2024, leading to an increase in the allowance due to slowing job and wage growth [274]. - The unemployment rate is projected to remain stable at around 4.1% to 4.3% from Q1 2025 to Q1 2027 [277]. - Real GDP is expected to grow at an annualized rate, starting at 1.4% in Q1 2025 and reaching 2.3% by Q3 2026 [277].

1st Quarter Earnings April 17, 2025 Exhibit 99.3 First Quarter Overview Continue to deliver consistent, sustainable long-term performance Key Performance Metrics 1Q25 Reported Adjusted(1) Net Income Available to Common Shareholders $465M $487M Diluted Earnings Per Share $0.51 $0.54 Total Revenue $1,784M $1,809M Non-Interest Expense $1,039M $1,035M Pre-Tax Pre-Provision Income(1) $745M $774M Efficiency Ratio 57.9% 56.8% Net-Charge Offs / Avg Loans 0.52% 0.52% Return on Average Tangible Common Equity(1) 17.72 ...

Financial Data and Key Metrics Changes - The company reported strong quarterly earnings of $465 million, resulting in earnings per share of 51 cents and adjusted earnings of $487 million with adjusted earnings per share of 54 cents [5] - Pre-tax, pre-provision income increased by 21% year-over-year to $745 million, with a return on tangible common equity of 18% [6][10] - Average loans remained stable quarter-over-quarter, while ending loans declined by 1% [14] - Average deposit balances grew by 1% quarter-over-quarter, and ending balances increased by 3% [16] Business Line Data and Key Metrics Changes - Average consumer loans decreased by approximately 1% in the first quarter due to lower seasonal production in home improvement finance and residential mortgage [16] - Adjusted non-interest income remained stable, with growth in most categories offset by lower capital markets revenue [25] - Adjusted non-interest expense increased by approximately 1% compared to the prior quarter, primarily driven by a 1% increase in salaries and benefits [27] Market Data and Key Metrics Changes - The company experienced favorable performance in both core and priority markets, with good participation in money market offers boosting interest-bearing deposits [17] - The outlook for unemployment has increased, with expectations for a pronounced slowdown in GDP growth [12] Company Strategy and Development Direction - The company remains committed to strategic priorities of soundness, profitability, and growth, which support long-term performance [7] - The company has strengthened its soundness through enhancements in risk management frameworks and operational practices [8] - The strategic plan includes investments in talent, technology, products, and services to further grow the business [8] Management's Comments on Operating Environment and Future Outlook - Management noted that clients remain optimistic about economic improvement, but current conditions have created uncertainty, leading to delayed investments [13] - The company expects average loans to be relatively stable in 2025 compared to 2024 due to economic uncertainty [16] - Management indicated that while net interest income declined in the first quarter, it is expected to grow approximately 3% in the second quarter [23] Other Important Information - The company executed $242 million in share repurchases and paid $226 million in common dividends during the quarter [33] - The common equity Tier 1 ratio was estimated at 10.8%, increasing to 9.1% when adjusted for AOCI [33] Q&A Session Summary Question: Customer engagement regarding investments and strategic decisions - Management indicated that customers are in a wait-and-see mode due to volatility and uncertainty, with clarity on tariffs needed for re-engagement [38] Question: Context on lower expense growth rate - Management explained that lower expense growth is due to lower headcount and offsetting investments, not actual cuts [44] Question: Loan side guidance and line utilization - Management noted that pipelines are mixed, with some sectors softening, and line utilization remains flat as customers carry excess liquidity [52] Question: Capital buyback pace outlook - Management stated that if loan demand remains muted, capital will be used for buybacks, with confidence in capital levels to support business [57] Question: Customer sentiment and tariff clarity - Management suggested that stability is needed for customers to act, likely taking 90 days to six months for clarity [67] Question: Service charge line growth drivers - Management highlighted growth in customer accounts and treasury management relationships as key drivers of service charge income [76] Question: Reserve expectations and unemployment rates - Management provided current unemployment expectations around 4.2% to 4.3%, with a qualitative component factored into reserves [83] Question: Economic outlook and credit portfolios - Management identified retail trade and manufacturing as areas to monitor closely for potential impacts in a slower growth environment [98]

Core Viewpoint - Regions Financial Corporation reported strong adjusted earnings per share of 54 cents for Q1 2025, surpassing the Zacks Consensus Estimate of 51 cents, and showing an increase from 44 cents in the same quarter last year [1][2] Financial Performance - Total quarterly revenues reached $1.78 billion, slightly missing the Zacks Consensus Estimate by 2.2%, but reflecting a 2.1% increase year over year [3] - Net interest income (NII) was $1.19 billion, up 0.8% year over year, although the net interest margin decreased by 3 basis points to 3.52% [3] - Non-interest income increased by 4.8% year over year to $590 million [3] - Non-interest expenses fell by 8.1% year over year to $1.04 billion, with adjusted non-interest expenses down 5.7% to $1.03 billion [4] Loan and Deposit Trends - Total loans decreased by 0.3% sequentially to $96.1 billion, while total deposits increased by 0.9% to $127.7 billion [5] Credit Quality - Non-performing assets as a percentage of loans decreased to 0.92% from 0.95% year over year, and non-performing loans as a percentage of net loans fell to 0.88% from 0.94% [6] - A provision for credit losses of $124 million was recorded, up 18.4% from the previous year [6][7] Capital Ratios - Common Equity Tier 1 ratio improved to 10.8% from 10.3% year over year, and the Tier 1 capital ratio increased to 12.2% from 11.6% [8] Share Repurchase Activity - The company repurchased 10.4 million shares for $242 million during the reported quarter [9] Future Outlook - The company's core business and revenue diversification strategies are expected to yield strong earnings in the future, supported by robust capital planning [11]

Core Insights - Regions Financial reported $1.78 billion in revenue for Q1 2025, a year-over-year increase of 2.1% [1] - The EPS for the same period was $0.54, up from $0.44 a year ago, with a surprise of +5.88% over the consensus estimate [1] - The reported revenue was a surprise of -2.18% compared to the Zacks Consensus Estimate of $1.82 billion [1] Financial Performance Metrics - Net interest margin (FTE) was 3.5%, slightly below the estimated 3.6% [4] - Efficiency Ratio stood at 57.9%, better than the average estimate of 59% [4] - Net charge-offs as a percentage of average loans were 0.5%, matching the estimated figure [4] - Common Equity Tier 1 ratio was 10.8%, in line with the average estimate [4] - Average balance of total earning assets was $138.86 billion, slightly above the estimated $138.62 billion [4] - Non-performing assets totaled $884 million, lower than the estimated $959.16 million [4] - Non-performing loans amounted to $869 million, compared to the estimated $940.21 million [4] - Leverage Ratio was 9.8%, slightly below the estimated 9.9% [4] - Tier 1 Capital Ratio was 12.2%, above the average estimate of 12.1% [4] - Total Non-Interest Income was $590 million, below the estimated $615.09 million [4] - Net Interest Income was $1.19 billion, slightly below the estimated $1.21 billion [4] - Net interest income on a taxable equivalent basis was $1.21 billion, close to the estimated $1.22 billion [4] Stock Performance - Shares of Regions Financial have returned -11.9% over the past month, compared to the Zacks S&P 500 composite's -6.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]