Regions repurchased approximately 27 million shares of common stock at a total cost of $456 million under the $2.5 billion share repurchase program. 4.47 million shares were repurchased during the second quarter of 2024.

The Board declared a 4 percent increase to the quarterly common stock dividend to $0.25, payable on October 1, 2024. This demonstrates confidence in the company's financial position.

Regions issued $750 million of 5.722% fixed rate to floating rate senior notes due June 2030. This indicates active management of the capital structure, though it increases long-term debt.

The document emphasizes that Regions' balance sheet is naturally asset sensitive, meaning net interest income increases with higher interest rates and decreases with lower interest rates. This sensitivity creates a risk if interest rates decline.

Regions manages credit risk by diversifying its loan portfolio and monitoring credit metrics. However, economic conditions and borrower performance can still impact credit losses.

The company faces ongoing information security risks, such as cyber-attacks, which could lead to significant expenses and reputational harm.

The company's expectations for 2024 are based on a specific economic outlook, including GDP growth, unemployment rate, and inflation. Changes to these macroeconomic factors could impact Regions' financial performance.

The company is subject to competition from traditional and non-traditional financial services companies, which affects lending, deposit activities, and fee income generation.

New legislation and related rules impacting regulation of the financial services industry can affect business practices, increase compliance risk, reduce revenue, and impose additional costs.