Regions Financial Corporation is a financial holding company headquartered in Birmingham, Alabama, operating primarily in the South, Midwest, and Texas. The company provides a wide array of financial solutions, including retail and mortgage banking, commercial banking, and wealth management services. Regions operates through Regions Bank, a state-chartered commercial bank. Key markets include the Southeastern United States, with a significant presence in the Midwest and Texas. The competitive landscape includes both traditional banks and non-traditional financial services companies, including fintech firms.

• Employees: 20,101 (as of December 31, 2023)
• Geographic Footprint: Primarily in the South, Midwest, and Texas
• Headquarters: Birmingham, Alabama
• Founded: Not available from the filing
• Number of locations/facilities: 1,271 branch outlets and 2,023 ATMs
• Revenue: $7.6 billion (FY2023)
• Market Capitalization: $16.3 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Regions Bank

• CEO: John M. Turner, Jr.
• CFO: David J. Turner, Jr.
• Other Key Executives: Kate R. Danella (Head of Consumer Banking Group), David R. Keenan (Chief Administrative and Human Resources Officer), C. Dandridge Massey (Chief Enterprise Operations and Technology Officer)

Key leaders have extensive experience in the financial services industry. Specific tenure information is available in the filing.

• Annual Revenue: $7.6 billion (FY2023)
• Net Income: $2.0 billion
• Market Cap: $16.3 billion (as of June 30, 2023)
• Total Assets: $152.2 billion
• Employees: 20,101 (as of December 31, 2023)
• Key Financial Highlights: Net interest margin of 3.90%, total deposits of $127.8 billion, and total shareholders' equity of $17.4 billion.

Regions offers a variety of financial products and services across three main categories:

• Retail Banking: Includes checking and savings accounts, mortgages, and consumer loans.
• Commercial Banking: Provides lending, treasury management, and capital markets solutions to businesses.
• Wealth Management: Offers investment, trust, and financial planning services.

Regions operates through three main business segments:

• Corporate Bank: Provides commercial and industrial lending, equipment finance, and capital markets services.
• Consumer Bank: Focuses on retail banking products and services, including mortgages and consumer loans.
• Wealth Management: Offers investment, trust, and financial planning services.

Regions' strategic priorities include building the best team, focusing on customer experience, and driving operational excellence. The company aims to leverage technology to enhance its digital offerings and improve efficiency. Key initiatives include investments in technology, talent development, and risk management. Regions also focuses on maintaining a strong capital position and managing expenses effectively.

Regions operates in the financial services industry, which is highly competitive. Key competitors include other large regional and national banks, as well as fintech companies. The industry is subject to extensive regulation and is influenced by economic conditions, interest rates, and technological advancements. Regions' market position is primarily in the Southeastern United States, with a growing presence in the Midwest and Texas.

• Market Risks: Exposure to changes in interest rates, economic conditions, and market volatility.
• Credit Risks: Potential for losses due to borrower defaults and changes in creditworthiness.
• Operational Risks: Risks associated with technology failures, cybersecurity threats, and third-party vendor dependencies.
• Regulatory Risks: Potential impact of changes in banking laws and regulations.
• Strategic Risks: Competition from other financial institutions and fintech companies.