RFRegions Financial Corporation
Regions Financial Corporation is a FHC headquartered in Birmingham, Alabama operating in the South, Midwest and Texas. 10-K, Item 1
- Headquarters
- Birmingham, AL
- CEO
- J. Turner
- Next results
- around Jan 15, 2027
21 paragraphs in Risk Factors of the 10-K filed Feb 24, 2026 with nothing like them in the 10-K filed Feb 21, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 75 Financials companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
other assets, such as loans. See the “Liquidity” section within “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of this Annual Report on Form 10-K for our liquidity policy.
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The development and use of AI presents risks and challenges that may adversely impact our business.
We and our third-party vendors, clients or counterparties develop, deploy and incorporate AI technology in certain business processes, services and products. Our current and increasing development, deployment and use of AI presents a number of risks and challenges to our business. The legal and regulatory environment relating to AI is uncertain and rapidly
Similar paragraph at 1 of 75 other Financials companies: MTBevolving, both in the U.S. and internationally, and includes regulatory schemes targeted specifically at AI as well as new and existing provisions in intellectual property, privacy, cybersecurity, consumer protection, employment and other laws applicable to the use of AI and changes in interpretation of the foregoing. These evolving laws and regulations could require changes in our implementation of AI technology and increase our compliance costs and the risk of non-compliance. AI models, particularly generative AI models, may, and often do, produce output or take action that is incorrect, that result in the release of personal, confidential or proprietary information, that reflect or introduce discrimination, errors or biases included in the data on which they are trained or prompts or algorithms on which they rely, that infringe on the intellectual property rights of others or that is otherwise harmful. In addition, the complexity of many AI models makes it challenging to understand why they are generating particular outputs. This limited transparency increases the challenges associated with assessing the proper operation of AI models, understanding and monitoring the capabilities of the AI models, reducing erroneous output, eliminating bias and complying with applicable laws and regulations, including those that require documentation or explanation of the basis on which decisions are made. Additionally, if we do not have sufficient rights to use AI models, the data on which they are trained or prompts or algorithms on which they rely or the output thereof, we could also incur liability through the violation of applicable laws and regulations, third-party intellectual property, privacy or other rights or contracts to which we are a party.
Further, we currently rely, and expect to continue to rely, on AI models developed by third parties, and are and would be dependent in part on the manner in which those third parties develop, train and deploy their models, which involves risks arising from any discrimination, errors or bias in the models and the data on which they are trained or prompts or algorithms on which they rely, as well as the risk of inadvertent disclosure or incorporation of our personal, confidential or proprietary information into publicly available training sets. Any of these risks may impact our ability to realize the benefit of such information or adequately maintain, protect and enforce our intellectual property rights, and could result in regulatory compliance failures and otherwise harm our competitive position and business. The use of AI by companies has resulted in, and may in the future result in, systems failures or errors and cyber-attacks or other similar incidents. We may not be able to sufficiently mitigate, remediate or detect any of the foregoing limitations or risks given our and other market participants’ evolving experience with using AI, the pace of technological change, and rapid adoption of AI by our third-party vendors, clients, counterparties or competitors. Any of these risks could expose us to liability or adverse legal or regulatory consequences and harm our reputation and the public perception of our business or the effectiveness of our security measures.
We are also exposed to risks arising from the use of AI technologies by bad actors to commit fraud and misappropriate funds and to facilitate cyber-attacks and other similar incidents. Generative AI, if used to perpetrate fraud or launch cyberattacks or other similar incidents, could create panic at a particular financial institution or securities exchange, which could pose a threat to financial stability.
Moreover, inappropriate or controversial data practices by AI developers and users, or other factors adversely affecting public opinion of AI, could also impair the acceptance of AI. If the AI technology that we incorporate into our business processes, services or products are, or are perceived to be, deficient, inaccurate or controversial, we could suffer operational inefficiencies, competitive harm, legal liability, brand or reputational harm or other adverse impacts on our business, results of operations and financial condition. Additionally, our competitors and other third parties may incorporate AI into their business processes, services and products more quickly or more successfully than us, which could impair our ability to compete effectively and adversely affect our business, results of operations and financial condition.
Industry competition, including competition from decentralized finance platforms, cryptocurrencies and blockchain technologies, could disrupt our business model and adversely affect our revenues, market share or liquidity.
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In addition, technology has lowered barriers to entry and made it possible for non-banks to offer products and services, such as loans and payment services, that traditionally were banking products, and made it possible for technology companies to compete with financial institutions in providing electronic, internet-based, and mobile phone–based financial solutions. Competition with non-banks, including technology companies, to provide financial products and services is intensifying. In
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The rapid emergence and increasing adoption of DeFi platforms, cryptocurrencies and related blockchain-enabled financial products and services could disrupt traditional banking services and accelerate competitive pressures on our business. As customers and counterparties gain access to alternative platforms that facilitate payments, lending, trading, custody, settlement and other financial services outside of, or with reduced reliance on, traditional financial institutions, we may experience reduced demand for certain of our products and services, lower volumes and compression of pricing and fee incomes. If we do not effectively develop, acquire, partner with or otherwise adapt our products to respond to evolving customer preferences and competitive dynamics, then we may lose customers to existing or new competitors, including non-bank competitors, resulting in reduced market share and lower revenues.
Continued growth in the acceptance of DeFi platforms, cryptocurrencies and blockchain technologies could also reduce traditional banking deposits and income streams and increase volatility in our deposit base, which could adversely affect our liquidity position, funding costs and overall financial condition. The evolving regulatory and supervisory environment applicable to DeFi platforms, cryptocurrencies and blockchain technologies may increase our compliance costs, constrain our ability to pursue strategic initiatives or engage in certain activities and heighten our exposure to reputational and operational risks. Developments in the regulatory landscape, such as the enactment and implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act) and potential enactment of the Digital Asset Market Clarity Act of 2025 (CLARITY Act) or similar market structure legislation, may also affect our clients’ needs and expectations for products and services. In addition, adverse events involving DeFi platforms and cryptocurrencies, including security breaches, fraud, market manipulation, insolvencies or other failures, could negatively impact customer confidence in financial institutions generally or in us, even if we are not directly involved, and thereby adversely affect our business and results of operations.
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Our geographic footprint includes markets that are experiencing significant population growth and economic development, which makes these areas attractive to both existing and new financial institutions. As a result, we could face increased competition from other financial institutions seeking to expand in these markets. If we are unable to compete effectively, our ability to grow loans and deposits, maintain customer relationships, and achieve desired profitability could be adversely affected.
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Many of our borrowers operate in industries that are directly or indirectly impacted by changes in commodity prices. This includes agriculture, livestock, metals, timber, textiles and energy businesses (including oil, gas and petrochemical), as well as businesses indirectly impacted by commodities prices such as businesses that transport commodities or manufacture equipment
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Instability in geopolitical matters could have a material adverse effect on our results of operations and financial condition. The macroeconomic environment in the United States is susceptible to global events and volatility in financial markets.. Current and emerging sources of geopolitical risk include, among others, ongoing armed conflicts and military tensions (such as Russia’s invasion of Ukraine and various conflicts in the Middle East), heightened strategic competition between the United States and China and evolving tensions related to relations between China and Taiwan. Political and military developments in Venezuela and broader instability in other parts of Latin America may contribute to economic uncertainty and pressures on regional markets and supply chains. Additionally, shifting geopolitical priorities among major powers have amplified concerns about economic fragmentation, trade disruptions and the weaponization of economic policy tools such as sanctions, tariffs and export controls.
These dynamics can lead to higher and more volatile commodity and energy prices, strained global supply chains, increased inflationary pressures and weaker economic growth both globally and in the United States. Financial markets may experience abrupt swings in asset valuations, higher risk premiums and periods of reduced liquidity. Geopolitical events can also spur elevated cyber threats, including state-sponsored and opportunistic cyber-attacks aimed at critical infrastructures and financial systems. Such attacks could disrupt our operations, compromise sensitive data, increase compliance and remediation costs and harm customer relationships.
Any of these developments, either alone or together, may dampen consumer and business confidence, increase delinquency rates, amplify credit risk across our loan portfolios, disrupt funding markets or necessitate additional capital or liquidity reserves. As a result, instability in geopolitical matters and the global macroeconomic environment could have significant adverse effects on the U.S. economy, our business and our long-term strategic plans.
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Third parties provide key components of our business operations such as data processing, recording and monitoring
Similar paragraph at 1 of 75 other Financials companies: HBANRead in the 10-K ↗
4 more
We are subject to extensive state and federal regulation, supervision, and examination governing almost all aspects of our operations, which limits the businesses in which we may permissibly engage. The laws and regulations governing our business
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Moreover, political and policy goals of elected and appointed officials may change over time, which could impact the rulemaking, supervision, examination, and enforcement priorities of the federal banking agencies. It is possible the expected changes in law, regulation and policy do not occur or are reversed subsequently, or the regulatory measures that are ultimately enacted deliver significant competitive advantages to financial services that are structured differently or serve different markets than us.
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the United States. Our by-laws further provide that our shareholders are deemed to have received notice of and consented to both of these forum selection provisions.
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Our success depends, in part, on our executive officers and other key personnel. The market for qualified individuals is highly competitive, and we may not be able to attract and retain qualified personnel or candidates to replace or succeed
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New in the latest 10-Q
12 paragraphs in the 10-Q filed Nov 9, 2026 with nothing like them in the 10-Q filed Aug 6, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
Nine Months Ended September 30 2026 2025 (In millions) ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Operating activities: Net income $ 1,760 $ 1,622 Adjustments to reconcile net income to net cash from operating activities: Provision for credit losses 227 355 Depreciation, amortization and accretion, net 63 62 Securities (gains) losses, net 59 53 Deferred income tax expense (benefit) 142 105 Originations and purchases of loans held for sale (5,005) (4,034) Proceeds from sales of loans held for sale 5,074 4,177 (Gain) loss on sale of loans, net (25) (44) Net change in operating assets and liabilities: Other earning assets (126) 103 Interest receivable and other assets (2,764) 282 Other liabilities 1,518 (173) Other 298 (8) Net cash from operating activities 1,221 2,500 Investing activities: Proceeds from maturities of debt securities held to maturity 611 499 Proceeds from sales of debt securities available for sale 2,071 1,239 Proceeds from maturities of debt securities available for sale 2,393 2,579 Purchases of debt securities available for sale (4,781) (5,949) Net (payments for) proceeds from bank-owned life insurance 16 4 Proceeds from sales of loans 186 470 Purchases of loans (203) (307) Net change in loans (4,425) 56 Purchases of mortgage servicing rights (184) (27) Net purchases of other assets (174) (200) Other (10) — Net cash from investing activities (4,500) (1,636) Financing activities: Net change in deposits (1,618) 2,731 Net change in short-term borrowings 3,750 800 Proceeds from long-term borrowings 2,899 — Payments on long-term borrowings (1,000) (1,250) Cash dividends on common stock (684) (677) Cash dividends on preferred stock (61) (71) Payment for redemption of preferred stock — (350) Repurchases of common stock (555) (637) Taxes paid related to net share settlement of equity awards (26) (23) Other (4) — Net cash from financing activities 2,701 523 Net change in cash and cash equivalents (578) 1,387 Cash and cash equivalents at beginning of year 10,907 10,712 Cash and cash equivalents at end of period $ 10,329 $ 12,099
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buildings, and retail shopping centers. Total IRE loans increased $1.1 billion in comparison to year-end 2025 balances due to increases in fundings to previously approved projects and new term loans for apartments and medical office buildings.
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which is expected to support real GDP growth into 2027. Labor markets have firmed slightly during 2026 and the current baseline forecast anticipates a moderate pace of job growth that will keep the unemployment rate steady to slightly lower. Inflation, as measured by CPI, is expected to remain above the FOMC's 2.0 percent target rate into 2027.
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The updates to the baseline forecast resulted in a modest decrease in modeled allowance results related to economic changes for the three months ended September 30, 2026 which were more than outweighed by increases to qualitative adjustments for general imprecision reflecting interest rate considerations and broader economic uncertainty.
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On August 27, 2026, DBRS upgraded the Company's issuer rating from A to AH and changed the outlook from Positive to Stable. DBRS also upgraded ratings for Regions Bank including the long-term bank deposits rating from AH to AAL, issuer rating from AH to AAL, and subordinated debt rating from A to AH and affirmed the short-term rating of R-1M. The upgrades reflect Regions highly granular, low-cost deposit base and leading market positions across the Southeast.
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by hedging activities and also benefited from fixed-rate asset turnover and a series of strategic securities repositioning transactions.
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During the three months ended September 30, 2026, in continued preparation for the finalization of the Basel III Endgame capital requirements, the Company’s derivatives hedging activity focused on the reduction of AOCI exposure from debt securities available for sale, through the addition of $1.6 billion in pay fixed, fair value swaps with a pay rate of 4.7 percent, a weighted-average start date in 2030, and a weighted-average maturity date in 2035. As an offset, to limit the interest rate risk on the consolidated balance sheet, the Company also added $1.6 billion in receive fixed, cash flow swaps intended to hedge floating rate loans, with a receive rate of 4.6 percent, a weighted-average start date in 2030, and a weighted average maturity date in 2035.
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Subsequent to quarter-end, the Company increased pay fixed, fair value swap notional by $2.8 billion with a similar intent, focused on the reduction of AOCI exposure from debt securities available for sale. Interest rate risk for the consolidated balance sheet was offset through a combination of receive fixed, cash flow swaps hedging floating-rate loans, as well as receive fixed fair value swaps hedging, previously unhedged, fixed-rate borrowings.
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Average Active Notional Amount (1) Three Months Ended 9/30/2026 12/31/2026 (In millions) Asset Hedging Relationships: Receive fixed/pay variable swaps $ 23,188 $23,587 Receive variable/pay fixed swaps 4,317 4,818 Net receive fixed/pay variable swaps $ 18,871 $18,769 Interest rate options $ 2,000 $2,000
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Commercial credit fee income includes letters of credit fees and unused commercial commitment fees. In the three and nine months ended September 30, 2026 commercial credit fee income increased compared to the same periods in 2025 driven by higher standby letter of credit income and commercial unused fees.
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Professional, legal, and regulatory expenses consist of amounts related to legal, consulting, other professional fees and regulatory charges. Professional, legal, and regulatory expenses increased in the three and nine months ended September 30, 2026 compared to the same periods in 2025 due to higher legal fees and legal settlement costs.
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FDIC insurance assessments consist of insurance premiums and special assessment expenses paid to the FDIC to maintain insurance coverage on eligible customer deposits.
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The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Nov 9, 2026 against Item 1A of the 10-K filed Feb 24, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:
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There are no material changes to the risk factors set forth in Regions' Annual Report on Form 10-K for the year ended December 31, 2025.
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
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