The document summarizes Regions Bank's 2007 annual shareholder meeting. It provides an overview of Regions' financial performance and position in 2007, including details on the successful integration of its merger. It also outlines challenges from the struggling housing market and strong capital position. Finally, it discusses Regions' strategic initiatives like growing Morgan Keegan and its focus on communities and social responsibility.
Regions Bank reported solid financial performance in the second quarter of 2007. Earnings per share were $0.69, excluding merger charges. Net interest margin was 3.82% and return on assets was 1.43%. Credit quality remained strong, with nonperforming assets at 0.62% of loans and net charge-offs at 0.23% of average loans. Regions also made good progress integrating its merger with AmSouth, exceeding cost savings targets and successfully converting branches in Alabama and Florida.
This annual report summary provides an overview of Leggett & Platt's financial performance in 2006:
1) Leggett & Platt achieved record sales and earnings in 2006. Sales increased 4% to $5.5 billion while earnings per share grew 23.8% to $1.61. Acquisitions contributed 5% to sales growth.
2) The company transitioned to a new CEO and COO in 2006 and completed a restructuring program aimed at improving margins. New growth and margin targets were established, including 8-10% annual sales growth and an 11% EBIT margin by 2009.
3) The company continues to generate strong cash flow and maintain a healthy balance sheet.
Leggett & Platt's 2006 annual report outlines its goals for the future. It aims to achieve annual sales growth of 8-10% through 3-5% internal growth and 5% from acquisitions. It also targets an 11% EBIT margin by 2009, up from around 8.5%, by introducing new products, increasing sales, entering new markets, and improving efficiency. To reach these goals, Leggett & Platt will reinvigorate product development, establish a council of senior researchers, and develop new market opportunities through innovation and entering new industries.
This document provides a financial summary for Fidelity National Financial for the first quarter of 2012. It highlights that total revenue was $1.19 billion with net earnings of $74.4 million. The title insurance business performed well despite a sluggish housing market. The company also successfully redeployed capital to growing non-regulated businesses. Stock performance increased 39.54% since January 2011, outperforming the S&P 500 and market indices.
S.Y. Bancorp reported first quarter 2009 earnings of $4.7 million, down slightly from $5 million in the first quarter of 2008. Total assets grew 7% to $1.631 billion due to a 7% increase in loans. However, net interest margin declined to 3.80% from 3.95% due to falling interest rates and new trust preferred securities. While credit quality remained strong with non-performing loans at 0.43% of total loans, the company increased its loan loss provision to $1.625 million in anticipation of potential future issues given economic uncertainty.
- FY 2007 first quarter net income was $54.3 million, down 66% from $163.9 million in FY 2006 due to write-downs and impairments totaling $105.9 million. Excluding write-downs, earnings were down 27%. Revenues were down 19% to $1.09 billion.
- Housing market demand varied greatly between markets. Some areas like New York City remained strong while others like Chicago and parts of Florida had not yet stabilized. The cancellation rate was lower than last quarter but still above historical averages.
- The company had $4.15 billion in backlog, down 30% from last year, and 67,500 lots under control, down 26%
The document provides an overview of Macquarie Infrastructure Company's fourth quarter and full year 2011 earnings conference call. It discusses positive cash generation trends, with proportionately combined free cash flow of $145.1 million for 2011. Segment performance is reviewed for IMTT, The Gas Company, District Energy, and Atlantic Aviation. Guidance is also provided for expected 2012 performance at each business. Debt profiles and compliance with debt covenants are summarized.
Financial Presentation - Farnborough AirshowEmbraer RI
1) Embraer delivered 161 jets in the first half of 2006, up from 101 jets delivered in the same period in 2005. Revenues for the first quarter of 2006 were $3.8 billion, up 39.6% from 2005.
2) In 2004, Embraer restated its balance sheet and cash flows, reclassifying $243.5 million in securities from cash equivalents to temporary cash investments. This had no impact on Embraer's net cash position.
3) As of March 2006, Embraer had $1.39 billion in total debt, with 72% in long-term loans at an average cost of 6.9-11.8% annually
Regions Bank reported solid financial performance in the second quarter of 2007. Earnings per share were $0.69, excluding merger charges. Net interest margin was 3.82% and return on assets was 1.43%. Credit quality remained strong, with nonperforming assets at 0.62% of loans and net charge-offs at 0.23% of average loans. Regions also made good progress integrating its merger with AmSouth, exceeding cost savings targets and successfully converting branches in Alabama and Florida.
This annual report summary provides an overview of Leggett & Platt's financial performance in 2006:
1) Leggett & Platt achieved record sales and earnings in 2006. Sales increased 4% to $5.5 billion while earnings per share grew 23.8% to $1.61. Acquisitions contributed 5% to sales growth.
2) The company transitioned to a new CEO and COO in 2006 and completed a restructuring program aimed at improving margins. New growth and margin targets were established, including 8-10% annual sales growth and an 11% EBIT margin by 2009.
3) The company continues to generate strong cash flow and maintain a healthy balance sheet.
Leggett & Platt's 2006 annual report outlines its goals for the future. It aims to achieve annual sales growth of 8-10% through 3-5% internal growth and 5% from acquisitions. It also targets an 11% EBIT margin by 2009, up from around 8.5%, by introducing new products, increasing sales, entering new markets, and improving efficiency. To reach these goals, Leggett & Platt will reinvigorate product development, establish a council of senior researchers, and develop new market opportunities through innovation and entering new industries.
This document provides a financial summary for Fidelity National Financial for the first quarter of 2012. It highlights that total revenue was $1.19 billion with net earnings of $74.4 million. The title insurance business performed well despite a sluggish housing market. The company also successfully redeployed capital to growing non-regulated businesses. Stock performance increased 39.54% since January 2011, outperforming the S&P 500 and market indices.
S.Y. Bancorp reported first quarter 2009 earnings of $4.7 million, down slightly from $5 million in the first quarter of 2008. Total assets grew 7% to $1.631 billion due to a 7% increase in loans. However, net interest margin declined to 3.80% from 3.95% due to falling interest rates and new trust preferred securities. While credit quality remained strong with non-performing loans at 0.43% of total loans, the company increased its loan loss provision to $1.625 million in anticipation of potential future issues given economic uncertainty.
- FY 2007 first quarter net income was $54.3 million, down 66% from $163.9 million in FY 2006 due to write-downs and impairments totaling $105.9 million. Excluding write-downs, earnings were down 27%. Revenues were down 19% to $1.09 billion.
- Housing market demand varied greatly between markets. Some areas like New York City remained strong while others like Chicago and parts of Florida had not yet stabilized. The cancellation rate was lower than last quarter but still above historical averages.
- The company had $4.15 billion in backlog, down 30% from last year, and 67,500 lots under control, down 26%
The document provides an overview of Macquarie Infrastructure Company's fourth quarter and full year 2011 earnings conference call. It discusses positive cash generation trends, with proportionately combined free cash flow of $145.1 million for 2011. Segment performance is reviewed for IMTT, The Gas Company, District Energy, and Atlantic Aviation. Guidance is also provided for expected 2012 performance at each business. Debt profiles and compliance with debt covenants are summarized.
Financial Presentation - Farnborough AirshowEmbraer RI
1) Embraer delivered 161 jets in the first half of 2006, up from 101 jets delivered in the same period in 2005. Revenues for the first quarter of 2006 were $3.8 billion, up 39.6% from 2005.
2) In 2004, Embraer restated its balance sheet and cash flows, reclassifying $243.5 million in securities from cash equivalents to temporary cash investments. This had no impact on Embraer's net cash position.
3) As of March 2006, Embraer had $1.39 billion in total debt, with 72% in long-term loans at an average cost of 6.9-11.8% annually
The document summarizes a performance management system called BottomLineStat that is used by the City of New Orleans to manage finances and revenue collection. It provides data on the city's general fund revenues sources for 2011, including that 33% came from the Bureau of Revenue in the forms of sales taxes, motor vehicle taxes, hotel/motel taxes, and other sources. Charts show that cumulative general sales tax collections through December 2011 were up 4.8% from 2010, while hotel/motel tax collections were up 6.3%. BottomLineStat is implemented by the Office of Performance and Accountability to oversee the city's performance management initiatives.
JBS S.A. reported its 2007 results, highlighting key investments and acquisitions in the USA and Australia through the Swift & Co acquisition. Net revenue increased 256.4% from 2006 to 2007. The company's EBITDA margin was 4.18% in 2007, with margins of 14.2% for JBS MERCOSUL and -1.1% for JBS USA. The presentation discussed financial results and margins by division, sales distribution by market and region, export distribution, cattle and beef pricing trends in the USA, and adjustments made to the JBS USA EBITDA results. Questions from attendees were then taken.
omnicom group Q2 2006 Investor Presentationfinance22
Omnicom Group presented its financial results for the second quarter of 2006. Revenue grew 7.9% to $2.8 billion compared to the second quarter of 2005. Net income increased 8.1% to $244.1 million. Organic revenue growth accounted for 7.2% of total revenue growth. The company has a $2.4 billion credit facility expiring in 2011 and $1.1 billion in cash, providing $3.5 billion in total liquidity. Acquisition expenditures for the first half of 2006 totaled $151 million. Future earn-out obligations over the next 5 years are estimated at $405 million assuming current performance levels are maintained.
Banco Santander (Brasil) reported its 2010 results. The Brazilian economy resumed growth in 2010 with GDP increasing 7.7% year-over-year after contracting 0.6% in 2009. Santander is the 3rd largest private bank in Brazil by total assets and had a market share of 11% in loans. In 2010, Santander's loan portfolio grew to R$160.6 billion while net profit increased to R$7.4 billion. The bank saw strong growth in its customer base, which expanded to over 24.8 million customers, an increase of 10.5% from the prior year.
W. R. Berkley Corporation had an outstanding financial year in 2006. Net income per share reached a new high of $3.46, increasing 27% over 2005. Net premiums written grew 5% to $4.8 billion. The company's return on stockholders' equity exceeded 25% for the fourth consecutive year.
This document contains a disclaimer from Banco Santander (Mexico) regarding forward-looking statements in the presentation. It cautions that actual results could differ materially from expectations due to risks and uncertainties. It also notes legal requirements for any securities offerings and says statements about historical performance do not guarantee future results. The presentation provides an overview of Santander Mexico, highlighting its strong franchise, efficient infrastructure, solid performance and profitability compared to peers.
The document provides an overview of Bank of America's financial results for 2004 and the first quarter of 2005. Some key points:
- For 2004, Bank of America reported revenue of $49.6 billion, net income of $14.1 billion, and earnings per share growth of 30.8%. However, return on equity declined to 16.8% from 22% in 2003.
- All business segments saw revenue and earnings growth in 2004 compared to 2003, led by Global Business & Financial Services with earnings growth of 92.6%.
- First quarter 2005 results showed continued growth in revenue, loans, and deposits compared to fourth quarter 2004, with earnings per share of $1.14 and return on equity of
The document summarizes the company's financial results for fiscal year 2006. Key points include:
- Net income increased 20% to $170 million due to higher contributions from nonutility businesses and rate increases.
- Earnings per share increased 16% to $2.00, despite warmer than normal weather reducing utility revenues.
- Gross profit increased $98.9 million primarily from higher natural gas marketing margins and increased pipeline volumes.
- Higher O&M and interest expenses partially offset revenue gains. Overall the company delivered results within its guidance range for the year.
This document appears to be the agenda for a budget town hall meeting at Florida International University on April 12, 2010. The agenda includes discussing FY10-11 budget expectations, providing a research update, highlighting new partnerships, and recognizing student achievements. It provides background on declining state funding for universities over the last decade and outlines FIU's budget plan for FY10-11, which anticipates cuts but also new sources of revenue from tuition increases and state stimulus funds. The document discusses recent research awards and grants received by FIU faculty and notes some new partnerships, including an agreement signed with Qingdao City Construction Investment Corp in China.
1) Raytheon reported fourth quarter and full-year 2008 earnings results on January 29, 2009.
2) For the fourth quarter, Raytheon reported adjusted EPS of $1.13, up 18% from the prior year, though reported EPS was lower at $1.02 due to pension adjustments.
3) For the full year, adjusted EPS was $4.06, up 23% from 2007, while reported EPS was $3.95 due to the same pension adjustments.
Citigroup reported a net loss of $5.1 billion for the first quarter of 2008, compared to net income of $5 billion for the first quarter of 2007. Revenues declined 48% to $13.2 billion for the quarter. The global consumer business reported a net income of $1.4 billion, down 45% from the prior year, with the U.S. consumer business reporting net income of $279 million, down 84%. Markets and Banking reported a net loss of $5.7 billion for the quarter compared to net income of $2.7 billion in the prior year.
- 3M reported strong financial results for the first quarter of 2006, with sales growth of 8.3% and EPS growth of 20.6% compared to the first quarter of 2005.
- All six of 3M's business segments saw operating income increases, led by the Safety, Security & Protection Services segment with a 30.3% increase.
- For the second quarter of 2006, 3M expects local currency sales growth of 5-8% and EPS between $1.14-$1.17, and for the full year expects local currency sales growth of 5.5-8% and EPS of $4.55-$4.65.
BancAnalysts Association of Boston Conference finance2
The document summarizes the financial results and credit performance of JPMorgan Chase's Retail Financial Services division for the third quarter of 2008. Key points include:
- Revenue grew 15% year-over-year to $14.6 billion driven by regional banking and mortgage production, but credit costs increased significantly to $5.5 billion.
- Net income declined to $626 million due to higher credit costs, especially in home equity and subprime mortgages.
- Significant credit actions have been taken to tighten underwriting across home lending portfolios, but deterioration continues with high delinquencies and losses expected going forward.
- New initiatives are announced to proactively help homeowners modify loans and stay
The document summarizes a conference call to review the company's fiscal 2006 second quarter financial results. Key points from the quarter include a 1.3% increase in net income compared to the prior year quarter, driven by higher contributions from the natural gas marketing segment due to favorable storage and marketing positions. Earnings per share increased 1.3% while operating expenses rose due to higher employee, bad debt, and regulatory costs. Weather during the quarter was warmer than normal, negatively impacting utility throughput.
freddie mac Investor Presentation – Freddie Mac Update finance6
This document summarizes a Freddie Mac report on the housing market and Freddie Mac's business. It provides an overview of Freddie Mac, discusses key provisions of new housing legislation, and analyzes trends in the U.S. housing market such as declining home prices, high inventories, and a drop in mortgage originations. It also reviews Freddie Mac's credit guarantee and investment management businesses.
Sovereign Bancorp is the parent company of Sovereign Bank, a $85 billion financial institution as of 2007. Sovereign Bank operates 750 community banking offices across the Northeast U.S. and offers retail banking, business banking, and various financial services. In 2007, Sovereign focused on building its core businesses and exiting non-core businesses to improve capital levels, reduce earnings volatility, and position itself for sustainable earnings growth going forward. Key strategies included reducing expenses by over $100 million, improving productivity, and restructuring the balance sheet by selling over $8 billion in non-core assets.
This document provides a strategic analysis of Barnes & Noble's financial performance and competitive positioning in changing market conditions. It analyzes the company's financial statements, market capitalization, business segments, and competitive landscape. Porter's Five Forces are applied to assess threats from rivals, new entrants, substitutes and buyer/supplier power. The analysis concludes Barnes & Noble is well positioned due to diversification but should divest some underperforming stores and abandon unsuccessful initiatives to focus on synergies across core competencies.
The document summarizes Regions Bank's 2007 annual shareholder meeting. It provides an overview of the company profile, highlights the successful integration of their 2007 merger and strong financial performance in 2007 and Q1 2008. It also discusses the challenges facing the banking industry from housing and credit markets and how Regions is well positioned through low exposure to subprime mortgages and strong capital and loss ratios compared to peers. The presentation outlines Regions' strategic focus on organic growth in its expanding regional footprint through maximizing its franchise.
Regions Bank provided forward-looking statements and associated risk factors in a presentation at the Citigroup 2008 Financial Services Conference. The presentation summarized Regions' financial performance in the fourth quarter of 2007, which included increased credit allowance for loan losses to manage risks, strong revenue from Morgan Keegan, and costs savings exceeding original targets from the AmSouth merger integration. Regions also outlined its diversified loan portfolio and steps taken to reduce concentrations in certain sectors like residential homebuilding.
Regions Bank provided a presentation at the Citigroup 2008 Financial Services Conference that included the following key points:
1) Regions is one of the largest US banks with over $140 billion in assets and nearly 2,000 branches across the Southeast.
2) The integration of AmSouth Bank is now complete, with cost saves exceeding original targets.
3) Fourth quarter financial performance was impacted by several one-time charges but credit quality remained stable.
4) Regions has a diversified loan portfolio including commercial real estate, residential mortgages, and consumer loans, with careful management of riskier segments like homebuilders.
The document discusses Regions Bank, including:
1) Regions has $144 billion in assets and operates primarily in the Southeast US market.
2) Credit quality deteriorated in 2008 due to the housing downturn. Non-performing assets remained high despite aggressive loan sales and higher loan loss provisions.
3) Regions is focusing on problem loan disposition, tightening underwriting, and loss mitigation to manage credit costs, which increased earnings pressure in Q3 2008.
This document provides an overview of Regions Bank, including:
1) Regions is among the largest US banks with $144 billion in assets and over 1,900 branches across its southeastern footprint.
2) It cautions that any forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.
3) Regions has a strong market presence across the southeastern US, ranking first in several states for deposit market share.
The document summarizes a performance management system called BottomLineStat that is used by the City of New Orleans to manage finances and revenue collection. It provides data on the city's general fund revenues sources for 2011, including that 33% came from the Bureau of Revenue in the forms of sales taxes, motor vehicle taxes, hotel/motel taxes, and other sources. Charts show that cumulative general sales tax collections through December 2011 were up 4.8% from 2010, while hotel/motel tax collections were up 6.3%. BottomLineStat is implemented by the Office of Performance and Accountability to oversee the city's performance management initiatives.
JBS S.A. reported its 2007 results, highlighting key investments and acquisitions in the USA and Australia through the Swift & Co acquisition. Net revenue increased 256.4% from 2006 to 2007. The company's EBITDA margin was 4.18% in 2007, with margins of 14.2% for JBS MERCOSUL and -1.1% for JBS USA. The presentation discussed financial results and margins by division, sales distribution by market and region, export distribution, cattle and beef pricing trends in the USA, and adjustments made to the JBS USA EBITDA results. Questions from attendees were then taken.
omnicom group Q2 2006 Investor Presentationfinance22
Omnicom Group presented its financial results for the second quarter of 2006. Revenue grew 7.9% to $2.8 billion compared to the second quarter of 2005. Net income increased 8.1% to $244.1 million. Organic revenue growth accounted for 7.2% of total revenue growth. The company has a $2.4 billion credit facility expiring in 2011 and $1.1 billion in cash, providing $3.5 billion in total liquidity. Acquisition expenditures for the first half of 2006 totaled $151 million. Future earn-out obligations over the next 5 years are estimated at $405 million assuming current performance levels are maintained.
Banco Santander (Brasil) reported its 2010 results. The Brazilian economy resumed growth in 2010 with GDP increasing 7.7% year-over-year after contracting 0.6% in 2009. Santander is the 3rd largest private bank in Brazil by total assets and had a market share of 11% in loans. In 2010, Santander's loan portfolio grew to R$160.6 billion while net profit increased to R$7.4 billion. The bank saw strong growth in its customer base, which expanded to over 24.8 million customers, an increase of 10.5% from the prior year.
W. R. Berkley Corporation had an outstanding financial year in 2006. Net income per share reached a new high of $3.46, increasing 27% over 2005. Net premiums written grew 5% to $4.8 billion. The company's return on stockholders' equity exceeded 25% for the fourth consecutive year.
This document contains a disclaimer from Banco Santander (Mexico) regarding forward-looking statements in the presentation. It cautions that actual results could differ materially from expectations due to risks and uncertainties. It also notes legal requirements for any securities offerings and says statements about historical performance do not guarantee future results. The presentation provides an overview of Santander Mexico, highlighting its strong franchise, efficient infrastructure, solid performance and profitability compared to peers.
The document provides an overview of Bank of America's financial results for 2004 and the first quarter of 2005. Some key points:
- For 2004, Bank of America reported revenue of $49.6 billion, net income of $14.1 billion, and earnings per share growth of 30.8%. However, return on equity declined to 16.8% from 22% in 2003.
- All business segments saw revenue and earnings growth in 2004 compared to 2003, led by Global Business & Financial Services with earnings growth of 92.6%.
- First quarter 2005 results showed continued growth in revenue, loans, and deposits compared to fourth quarter 2004, with earnings per share of $1.14 and return on equity of
The document summarizes the company's financial results for fiscal year 2006. Key points include:
- Net income increased 20% to $170 million due to higher contributions from nonutility businesses and rate increases.
- Earnings per share increased 16% to $2.00, despite warmer than normal weather reducing utility revenues.
- Gross profit increased $98.9 million primarily from higher natural gas marketing margins and increased pipeline volumes.
- Higher O&M and interest expenses partially offset revenue gains. Overall the company delivered results within its guidance range for the year.
This document appears to be the agenda for a budget town hall meeting at Florida International University on April 12, 2010. The agenda includes discussing FY10-11 budget expectations, providing a research update, highlighting new partnerships, and recognizing student achievements. It provides background on declining state funding for universities over the last decade and outlines FIU's budget plan for FY10-11, which anticipates cuts but also new sources of revenue from tuition increases and state stimulus funds. The document discusses recent research awards and grants received by FIU faculty and notes some new partnerships, including an agreement signed with Qingdao City Construction Investment Corp in China.
1) Raytheon reported fourth quarter and full-year 2008 earnings results on January 29, 2009.
2) For the fourth quarter, Raytheon reported adjusted EPS of $1.13, up 18% from the prior year, though reported EPS was lower at $1.02 due to pension adjustments.
3) For the full year, adjusted EPS was $4.06, up 23% from 2007, while reported EPS was $3.95 due to the same pension adjustments.
Citigroup reported a net loss of $5.1 billion for the first quarter of 2008, compared to net income of $5 billion for the first quarter of 2007. Revenues declined 48% to $13.2 billion for the quarter. The global consumer business reported a net income of $1.4 billion, down 45% from the prior year, with the U.S. consumer business reporting net income of $279 million, down 84%. Markets and Banking reported a net loss of $5.7 billion for the quarter compared to net income of $2.7 billion in the prior year.
- 3M reported strong financial results for the first quarter of 2006, with sales growth of 8.3% and EPS growth of 20.6% compared to the first quarter of 2005.
- All six of 3M's business segments saw operating income increases, led by the Safety, Security & Protection Services segment with a 30.3% increase.
- For the second quarter of 2006, 3M expects local currency sales growth of 5-8% and EPS between $1.14-$1.17, and for the full year expects local currency sales growth of 5.5-8% and EPS of $4.55-$4.65.
BancAnalysts Association of Boston Conference finance2
The document summarizes the financial results and credit performance of JPMorgan Chase's Retail Financial Services division for the third quarter of 2008. Key points include:
- Revenue grew 15% year-over-year to $14.6 billion driven by regional banking and mortgage production, but credit costs increased significantly to $5.5 billion.
- Net income declined to $626 million due to higher credit costs, especially in home equity and subprime mortgages.
- Significant credit actions have been taken to tighten underwriting across home lending portfolios, but deterioration continues with high delinquencies and losses expected going forward.
- New initiatives are announced to proactively help homeowners modify loans and stay
The document summarizes a conference call to review the company's fiscal 2006 second quarter financial results. Key points from the quarter include a 1.3% increase in net income compared to the prior year quarter, driven by higher contributions from the natural gas marketing segment due to favorable storage and marketing positions. Earnings per share increased 1.3% while operating expenses rose due to higher employee, bad debt, and regulatory costs. Weather during the quarter was warmer than normal, negatively impacting utility throughput.
freddie mac Investor Presentation – Freddie Mac Update finance6
This document summarizes a Freddie Mac report on the housing market and Freddie Mac's business. It provides an overview of Freddie Mac, discusses key provisions of new housing legislation, and analyzes trends in the U.S. housing market such as declining home prices, high inventories, and a drop in mortgage originations. It also reviews Freddie Mac's credit guarantee and investment management businesses.
Sovereign Bancorp is the parent company of Sovereign Bank, a $85 billion financial institution as of 2007. Sovereign Bank operates 750 community banking offices across the Northeast U.S. and offers retail banking, business banking, and various financial services. In 2007, Sovereign focused on building its core businesses and exiting non-core businesses to improve capital levels, reduce earnings volatility, and position itself for sustainable earnings growth going forward. Key strategies included reducing expenses by over $100 million, improving productivity, and restructuring the balance sheet by selling over $8 billion in non-core assets.
This document provides a strategic analysis of Barnes & Noble's financial performance and competitive positioning in changing market conditions. It analyzes the company's financial statements, market capitalization, business segments, and competitive landscape. Porter's Five Forces are applied to assess threats from rivals, new entrants, substitutes and buyer/supplier power. The analysis concludes Barnes & Noble is well positioned due to diversification but should divest some underperforming stores and abandon unsuccessful initiatives to focus on synergies across core competencies.
The document summarizes Regions Bank's 2007 annual shareholder meeting. It provides an overview of the company profile, highlights the successful integration of their 2007 merger and strong financial performance in 2007 and Q1 2008. It also discusses the challenges facing the banking industry from housing and credit markets and how Regions is well positioned through low exposure to subprime mortgages and strong capital and loss ratios compared to peers. The presentation outlines Regions' strategic focus on organic growth in its expanding regional footprint through maximizing its franchise.
Regions Bank provided forward-looking statements and associated risk factors in a presentation at the Citigroup 2008 Financial Services Conference. The presentation summarized Regions' financial performance in the fourth quarter of 2007, which included increased credit allowance for loan losses to manage risks, strong revenue from Morgan Keegan, and costs savings exceeding original targets from the AmSouth merger integration. Regions also outlined its diversified loan portfolio and steps taken to reduce concentrations in certain sectors like residential homebuilding.
Regions Bank provided a presentation at the Citigroup 2008 Financial Services Conference that included the following key points:
1) Regions is one of the largest US banks with over $140 billion in assets and nearly 2,000 branches across the Southeast.
2) The integration of AmSouth Bank is now complete, with cost saves exceeding original targets.
3) Fourth quarter financial performance was impacted by several one-time charges but credit quality remained stable.
4) Regions has a diversified loan portfolio including commercial real estate, residential mortgages, and consumer loans, with careful management of riskier segments like homebuilders.
The document discusses Regions Bank, including:
1) Regions has $144 billion in assets and operates primarily in the Southeast US market.
2) Credit quality deteriorated in 2008 due to the housing downturn. Non-performing assets remained high despite aggressive loan sales and higher loan loss provisions.
3) Regions is focusing on problem loan disposition, tightening underwriting, and loss mitigation to manage credit costs, which increased earnings pressure in Q3 2008.
This document provides an overview of Regions Bank, including:
1) Regions is among the largest US banks with $144 billion in assets and over 1,900 branches across its southeastern footprint.
2) It cautions that any forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.
3) Regions has a strong market presence across the southeastern US, ranking first in several states for deposit market share.
Citigroup is a top 10 U.S. bank holding company with over $138 billion in assets and over 1,900 branches. Regions Financial Corporation acquired AmSouth Bancorporation in 2007. Regions has achieved key integration milestones including organizational decisions, systems conversions, and branch divestitures. Regions expects $400 million in annual cost savings from the merger by the second quarter of 2008.
Citigroup is a top 10 U.S. bank holding company with over $138 billion in assets and over 1,900 branches. Regions Financial Corporation acquired AmSouth Bancorporation in 2007. Regions has achieved key integration milestones including organizational decisions, systems conversions, and branch divestitures. Regions expects $400 million in annual cost savings from the merger by the second quarter of 2008.
Regions Bank reported solid financial performance in the second quarter of 2007. Earnings per share were $0.69 and net interest margin was 3.82%. Credit quality remained strong with nonperforming assets at 0.62% of loans and net charge-offs at 0.23% of average loans. The integration of AmSouth was proceeding well, with cost saves exceeding original targets. Regions also outlined initiatives for 2007, including consumer and business banking growth, leveraging its expanded capabilities, and improving productivity.
This document provides an overview of Regions Financial Corporation, including:
1) Regions is a top 10 U.S. bank holding company by market capitalization, assets, loans, and deposits, with over 1,900 branches across the Southeast and Midwest.
2) Regions has a significant presence and strong local market share across its core states of Alabama, Florida, Tennessee, Louisiana, Mississippi, Georgia, Arkansas, and Texas.
3) The document outlines Regions' key integration accomplishments following its merger with AmSouth Bancorporation, and previews Regions' initiatives and financial performance to be discussed.
This document provides an overview of Regions Financial Corporation, including:
1) Regions is a top 10 U.S. bank holding company by market capitalization, assets, loans, and deposits, with over 1,900 branches across the Southeast and Midwest.
2) Regions has a significant presence and strong local market share across its core states of Alabama, Florida, Tennessee, Louisiana, Mississippi, Georgia, Arkansas, and Texas.
3) The document outlines Regions' key integration accomplishments following its merger with AmSouth Bancorporation, and previews Regions' initiatives and financial performance outlook for 2007.
The document provides an overview of Regions Financial Corporation's 2007 financial outlook and merger integration progress with AmSouth Bancorporation.
The summary is:
1) Regions expects $90 million in net income impact in 2007 from the merger due to purchase accounting adjustments and cost savings offsetting lost income from divested branches.
2) Integration is on track, with organizational structure, systems conversions, and culture development progressing as planned.
3) Strategically, the combined company has opportunities for growth in Florida, de novo branching expansion, and leveraging Morgan Keegan's brokerage platform across a broader footprint.
The document provides an overview of Regions Financial Corporation's 2007 financial outlook and merger integration progress with AmSouth Bancorporation.
The summary is:
1) Regions expects to realize $180 million in pre-tax earnings from the merger in 2007 through purchase accounting adjustments, cost savings from divestitures and branch consolidations, and $150 million in annual cost saves.
2) Integration activities are on track, with key decisions made regarding systems, culture, and divestitures.
3) Core expectations for 2007 include low-to-mid single digit loan and deposit growth, a net interest margin of around 3.90%, and net charge-offs of mid-20 basis
The document summarizes Bank of America's operating review and financial results for 2007 and Q1 2008. It discusses factors that contributed to challenges like market dislocations and a weakening economy. While most business lines saw lower profits, consumer and wealth management saw some growth. The CFO notes strategies to refocus businesses and adjust underwriting standards. Asset quality deteriorated with higher provisions and charge-offs. However, the company maintains a strong capital position and liquidity.
Citi reported a $5.1 billion net loss for Q1 2008, driven by write-downs in fixed income due to sub-prime exposures and losses in highly leveraged finance. Revenues fell 48% to $13.2 billion due to these losses, though transaction services grew 42% and wealth management grew 16%. Credit costs increased $3 billion as consumer delinquencies rose in the weakening US economy. Management is taking actions to strengthen the balance sheet through capital raises and divestitures of non-core assets.
American Express Company is a global provider of travel, financial, and network services. It was founded in 1850 and offers charge and credit cards, traveler's checks, financial planning, brokerage services, insurance, and investment products. As the world's largest travel agency, it offers travel services to individuals and corporations globally. It also provides banking services outside the US. In 1998, American Express continued growing its network services by adding new bank partners, expanded its financial services presence, and grew its international operations despite economic difficulties in some markets.
Citi reported record quarterly revenues of $25.5 billion, up 15%, and net income of $5.01 billion, down 10% from the prior year. Net income was reduced by an $871 million after-tax charge related to a structural expense review. Excluding this charge, net income was $5.88 billion, down 9% due to higher credit costs and a lower tax benefit. Revenues grew across most business segments, led by a 23% increase in Markets & Banking revenues. Credit costs increased $1.26 billion due to higher net losses and increases to loan loss reserves.
The document provides an operating review and financial results for 2006 and Q1 2007 for a large bank. Some key points:
- In 2006, the bank saw 30% revenue growth, 28% growth in net income, and 14% growth in EPS compared to 2005. All business segments saw increased net income in 2006.
- In Q1 2007, the bank saw 3% revenue growth, 5% growth in net income, and 8% growth in EPS compared to Q1 2006. Key business lines and metrics like loans and deposits increased compared to the prior year.
- The bank highlighted consistent earnings growth, 29 consecutive years of dividend increases, and strong shareholder returns exceeding major market indexes over 1, 3
Citigroup reported financial results for the first quarter of 2007, with the following highlights:
- Net income decreased 11% to $5.012 billion compared to $5.639 billion in the first quarter of 2006.
- Revenues increased 15% to $25.459 billion from $22.183 billion, driven by growth in Markets & Banking and Global Consumer segments.
- Markets & Banking revenues increased 23% to $8.957 billion, while Global Consumer revenues grew 10% to $13.106 billion.
- Results were impacted by a $871 million after-tax restructuring charge related to expense reduction initiatives.
1) Gafisa reported financial results for the second quarter of 2009 with net revenues increasing 54% year-over-year to R$706 million and adjusted EBITDA growing 69% to R$142 million.
2) Pre-sales increased 9% to R$835 million despite a 56% reduction in launches based on a conservative strategy. Inventory was reduced with sales velocity reaching 24%.
3) The company has a diversified and high-quality land bank of over 122,000 potential units across Brazil, with 73% acquired through land swaps, providing a strong platform for future growth.
1) Gafisa reported financial results for the second quarter of 2009 with pre-sales increasing 9% compared to the second quarter of 2008 despite a 56% reduction in launches.
2) Net operating revenues rose 54% year-over-year while adjusted EBITDA increased 69% and net income before minority interest grew 26%.
3) The company received R$600 million in debenture funds in May to support its Tenda division projects that meet government housing requirements.
This document is BB&T Corporation's 2005 annual report. It provides financial highlights for 2005, noting that net income increased 6.1% to $1.654 billion and diluted earnings per share grew 7.1% to $3.00. Operating earnings rose 7.2% to $1.674 billion. Cash basis operating earnings, which exclude intangible assets and purchase accounting adjustments, increased 7.1% to $1.763 billion. The report discusses BB&T's strong loan, deposit and balance sheet growth in 2005 and notes the bank hired additional revenue producers and implemented strategies to boost organic account growth.
BB&T reported 2008 net income of $1.5 billion and earnings per common share of $2.71. For the fourth quarter of 2008, net income totaled $305 million and net income available to common shareholders totaled $284 million, or $.51 per diluted common share. For the full year 2008, BB&T's net income available to common shareholders was $1.50 billion compared to $1.73 billion earned in 2007, a decrease of 13.6%.
- BB&T Corporation reported lower operating earnings for the fourth quarter of 2008 compared to the same period in 2007. Operating earnings available to common shareholders decreased 41.4% to $243 million.
- Net interest income increased 14.2% to $1,132 million due to higher interest income, but this was more than offset by a large increase in the provision for credit losses of $344 million.
- Returns and profitability ratios declined from the prior year, with the return on average common equity decreasing to 7.26% and the efficiency ratio worsening to 51.9%.
This document is a proxy statement from Carolina Power & Light Company (CP&L) informing shareholders about the upcoming annual shareholder meeting on May 14, 2008. The meeting will address the election of two Class I directors and the ratification of Deloitte & Touche LLP as the company's independent registered public accounting firm. Shareholders are encouraged to vote by proxy card or telephone in order to have their votes counted if they do not attend the meeting in person.
This document is a proxy statement from Progress Energy, Inc. inviting shareholders to attend the company's 2008 Annual Meeting of Shareholders on May 14, 2008. The matters to be voted on include the election of directors, ratification of the selection of the independent registered public accounting firm, and a shareholder proposal regarding executive compensation. Shareholders are urged to vote by proxy card, telephone, or online in order to have their votes counted if they do not attend the meeting in person.
The document summarizes Bill Johnson's presentation at the Morgan Stanley Global Electricity & Energy Conference on April 3, 2008. The presentation outlines Progress Energy's strategy to secure its energy future through operational excellence, growth prospects like rate base expansion, and maintaining constructive regulation. It highlights Progress Energy's two regulated utilities with strong growth prospects and discusses key strategic issues like US climate change policy and needed new baseload capacity like the proposed Levy County nuclear project.
Bill Johnson, Chairman, CEO, and President of Progress Energy, presented at the company's annual shareholder meeting. He discussed Progress Energy's history of over 100 years in business, highlights from 2007 including financial and operational achievements as well as sustainability recognition, strategic focus on its two electric utility subsidiaries serving North Carolina and Florida. Johnson also outlined Progress Energy's balanced strategy to address issues like climate change, demand growth, and costs while maintaining reliability and affordability. He discussed governance practices and executive compensation policies.
Progress Energy reported first quarter 2008 results. Earnings were lower than expected due to milder than normal weather and lower customer growth and usage, particularly in Florida. The company reaffirmed its 2008 earnings guidance. Several regulatory filings and projects remained on track. Key nuclear, natural gas, and transmission projects were progressing to increase capacity and meet renewable energy goals. While economic conditions had softened retail demand, cost management and additional wholesale contracts were expected to offset impacts.
The document summarizes Progress Energy's Q2 2008 earnings call. It discusses the company reaffirming its 2008 ongoing earnings guidance of $3.05 per share despite challenges in Florida. It also provides updates on recent court rulings impacting emissions regulations, the Levy County nuclear project, and major capital expenditure projects. Progress Energy's CFO discusses the company's quarterly and year-to-date financial performance and steps taken to offset weakness in Florida retail markets through increased wholesale contracts.
Bill Johnson, CEO of Progress Energy, outlined the company's strategy to secure its energy future at a Lehman Brothers energy conference. Progress Energy operates as two high-performing electric utilities serving North Carolina and Florida. The company is focused on achieving annual EPS growth of 4-5% through rate base expansion and pursuing a balanced solution to meet energy needs and address climate change, while maintaining excellent operational and financial performance. A key part of this strategy is the proposed Levy Nuclear Project, a two-unit nuclear plant in Florida that would help reduce costs and carbon emissions.
This document summarizes a presentation given by Mark Mulhern, Senior Vice President and CFO of Progress Energy, at a Power & Gas Leaders Conference on September 24, 2008. The presentation discusses Progress Energy's strategy of securing its energy future through significant rate base growth, nuclear expansion projects, and maintaining a supportive regulatory environment. It provides an overview of Progress Energy's utilities in North Carolina and Florida, outlines major capital investment projects, and reviews the company's financial position and objectives to achieve steady earnings growth.
The document summarizes Progress Energy's Q3 2008 earnings call. It discusses ongoing earnings of $306M for Q3 2008, regulatory updates in the Carolinas and Florida, energy efficiency and alternative energy programs, and $7-8B in capital expenditures through 2013 for major generation projects. Cost controls have kept year-to-date O&M expenses flat compared to 2007 despite 2.5% reported growth. Customer growth has been positive but milder weather reduced retail usage. Guidance of $2.95-3.05 for 2008 ongoing earnings is maintained based on a trailing 12-month EPS of $2.91. Liquidity remains strong with $1.9B in available credit facilities and cash.
Progress Energy held a financial conference in Phoenix, Arizona on November 10-11, 2008. The conference focused on providing an overview of the company including its growth strategy and regulatory updates. Progress Energy is the largest regulated electric utility in the US with significant projected rate base growth through 2010 driven by investments in its regulated operations in North Carolina and Florida. Regulatory proceedings in both states approved various cost recovery filings which will support continued investment and earnings growth.
This document is a presentation by Bill Johnson, Chairman and CEO of Progress Energy, given at the EEI Financial Conference in Phoenix, AZ on November 11, 2008. The presentation provides an overview of Progress Energy, including its strategic focus on achieving long-term annual EPS growth of 4-5%, pursuing a balanced solution to secure the energy future, and sustaining financial strength during nuclear construction. It also discusses Progress Energy's regulated utilities, major capital projects, regulatory updates, and long-term financial objectives.
The document is a transcript from Progress Energy's 4Q 2008 earnings call. It discusses Progress Energy's financial results for 4Q and full year 2008, highlights achievements that position the company well for 2009, and reviews major capital projects and regulatory initiatives. Progress Energy affirmed its 2009 ongoing earnings guidance of $2.95 to $3.15 per share. The call also provided updates on Florida rate filings and the Levy Nuclear Project.
- Progress Energy reported financial results for the second quarter and first half of 2001. Total operating revenues increased $1.4 billion for the first half compared to the same period in 2000 due to the acquisition of Florida Power Corporation.
- Net income increased $73 million to $266 million for the first half, with earnings per share rising from $1.26 to $1.33. Earnings were positively impacted by the addition of Florida Power Corporation but faced higher interest charges and goodwill amortization from the acquisition.
- Operating revenues and energy sales increased across electric, natural gas, and diversified business segments. However, net income faced pressures from weather-related declines in electricity usage, higher operation and maintenance
This document provides unaudited consolidated interim financial information for Progress Energy, Inc. for the third quarter and first nine months of 2001 compared to the same periods in 2000. Some key highlights include:
- Revenues increased significantly from acquisitions completed in late 2000, including the addition of Florida Power Corporation.
- Operating income increased driven by customer growth, favorable weather, and acquisitions, partially offset by higher fuel and purchased power costs.
- Net income increased due to the addition of Florida Power Corporation and other acquisitions, partially offset by higher interest charges and goodwill amortization.
- Earnings per share increased to $1.77 and $3.12 for the quarter
Progress Energy reported earnings of $2.65 per share for 2001, meeting expectations. Earnings were positively impacted by its non-regulated businesses which offset the effects of mild weather and an industrial slowdown. It also received tax rulings for four synthetic fuel plants and reaffirmed its 2002 guidance of $3.90 to $4.10 per share.
progress energy 1Q 02 earnings releaseFinal_allfinance25
Progress Energy reported first quarter earnings per share of $0.62, and $0.77 excluding one-time items. A rate settlement in Florida contributed $0.10 per share in retroactive revenue. Progress Energy reaffirmed its 2002 EPS guidance of $3.90 to $4.10. Several factors including mild weather, economic conditions, and debt issuance impacted the year-over-year EPS difference of $0.11.
progress energy 2Q 02earnings release Finalfinance25
Progress Energy reported second quarter 2002 earnings per share of $0.56, or $0.83 excluding non-operating items. This was in line with guidance. Key highlights included reaching long-term rate agreements in Florida and North Carolina that stabilize rates through 2005 and 2007 respectively. For 2002, the company expects ongoing earnings between $3.90-$4.00 per share, within previous guidance despite industrial slowdowns impacting some regions.
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Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
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Jo Blanden, Professor in Economics, University of Surrey
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Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
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Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
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Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
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Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
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2. › Company Profile
› 2007 Merger Integration and
Financial Performance
› Facing Industry Challenges from a
Position of Strength
› Planning for the Future
3. Regions is Among the Largest U.S. Banks
› Market Capitalization $14 billion
› Assets $144 billion
› Loans, net of unearned income $96 billion
› Deposits $89 billion
› Branches 1,938
› ATMs 2,464
NOTE: As of March 31, 2008.
4. Franchise Footprint
State Dep. ($B) Mkt. Share Rank
AL $18.2 25% #1
FL 17.7 5 #4
TN 16.7 16 #2
LA 7.6 10 #3
MS 6.2 15 #1
GA 5.5 3 #6
AR 4.3 9 #2
TX 3.0 1 #18
IL 2.4 1 #24
MO 2.3 2 #8
IN 2.0 2 #9
Other 2.4 — —
Source: SNL DataSource and Regions as of June 30, 2007.
5. Weighted Average Market Share
Weighted
Average
Name Market Share (1)
BB&T 21.8%
Wells Fargo 19.1
Regions 18.5
Wachovia 18.3
Regions compares
Fifth Third 17.2
favorably in terms of
U.S. Bancorp 16.6 local market share
Bank of America 16.4 relative to other top 10
banking franchises
JP Morgan Chase 16.0
SunTrust 14.3
National City 13.2
Citigroup 7.9
Median 16.6%
1
Deposit weighted by county. Excludes deposits from branches with > $10bn of deposits. Based on June 30, 2007 data.
6. Morgan Keegan – Among the Largest Regional Full-Service
Brokerage and Investment Banking Firms
416 Office Locations Profile
› Founded in 1969
› Acquired by Regions in 2001
› 1,282 financial advisors
› 416 offices in 19 states
› Record revenues of $1.3 billion in 2007
› 98,700 new accounts opened in 1Q08
› $80.0 billion of customer assets
› $81.0 billion of trust assets
› #1 underwriter of long-term municipal bonds in the south central
U.S. for 14 consecutive years
› #11 book-running manager in 2006 ($8.6 billion, 445 issues)
Revenue Composition (2007) Financial Performance
Revenue ($M) Pre-Tax Income ($M)
$1,300 $262
Other Private $239
Asset Mgmt 11% Client $1,029
15% 30%
$810
$161
Regions MK
Trust Equity Fixed
17% Capital Income
Markets Capital
8% Markets
19% 2005 2006 2007 2005 2006 2007
7. › Company Profile
› 2007 Merger Integration and
Financial Performance
› Facing Industry Challenges from a
Position of Strength
› Planning for the Future
8. Merger Integration Complete
Combined Event Two Branch
Product Set Conversion and
and Incentives Consolidations
Complete Sale Event One Branch Event Three Branch
of Divested Conversion and Conversion and
Branches Consolidations Consolidations
1Q07 2Q07 3Q07 4Q07
Brokerage Pre-conversion Trust
Conversion Branch Conversion
Mortgage Consolidations
Origination
and Servicing
Conversion
9. Merger Integration Complete
› 443,000 hours of training completed in preparation
for branch conversions in which we converted:
› 1,945 branches
› 7.2 million deposit accounts
› 840,000 loan accounts
› Consolidated 160 branches in overlapping markets
› Improved customer retention rate during the
integration
10. Exceeding Original Cost Saves
$ in millions
$800 $700+
$600 $510
Cost Saves Run-rate
$400
$400 2008
2008
1Q08
$200
2007
$0
Original Target Run-rate Achieved at New Target
1Q08 Run-rate
11. Financial Summary
Financial Performance
Profitability 2007 1Q08
EPS – diluted $ 2.26 % $ 0.55
Net Interest Margin 3.79 % 3.53 %
Operating Efficiency 59.04 % 61.45 %
Return on Avg. Tangible Equity 20.43% 20.33 %
Asset Quality
Net Charge-Off Ratio 0.29 % 0.53 %
Allowance for Credit Losses as a % of Loans 1.45 % 1.49 %
Nonperforming Assets as a % of Loans 0.90 % 1.25 %
Capital
5.88 % 5.90 %
Tangible Equity to Tangible Assets
NOTE: Ratios are excluding discontinued operations and merger-related charges. For a reconciliation of these
amounts to GAAP financial measures and a statement of why management believes these measures provide useful
information to investors, see Regions' 8-K filed April 15, 2008 announcing preliminary results of operations for the
period ended March 31, 2008 and the 10-K filed on February 27, 2008 for the period ended December 31, 2007.
12. › Company Profile
› 2007 Merger Integration and
Financial Performance
› Facing Industry Challenges from a
Position of Strength
› Planning for the Future
13. Housing Market
950 $270,000
900
$260,000
850
$250,000
Median New Home Price
Housing Units in 000’s
800
750 $240,000
700 $230,000
650
$220,000
600
$210,000
550
500 $200,000
J07 F07 M07 A07 M07 J07 J07 A07 S07 O07 N07 D07 J08 F08
New Home Sales Median New Home Price
Source: US Census Bureau Reports
14. Industry Challenges
Regions has no option ARMs,
X
NON-TRADITIONAL
MORTGAGES
negative amortization, or loans
with teaser rates
X
SIVs / CDOs Regions has no SIV exposure or
CDOs on the balance sheet
X
SUBPRIME Regions has $100 million (0.1%)
of subprime loans
16. Excellent Loss Experience versus Peers
Net Charge-offs
2Q07 3Q07 4Q07 1Q08
Home Equity
Regions 0.24% 0.31% 0.31% 0.57%
Industry Peers 0.46% 0.64% 1.02%
Residential First Mortgage
Regions 0.12% 0.13% 0.18% 0.23%
Industry Peers 0.22% 0.30% 0.63%
NOTE: Industry peers include FITB, KEY, NCC, STI, USB, WFC, WM
17. Strong Capital Position
2007 Tangible Equity / Tangible Assets
7.0%
6.5% 6.3%
6.1%
5.5% Median
5.9%
6.0% 5.7%
5.5%
5.3% 5.2%
5.0%
5.0%
4.3%
4.1%
4.0%
3.0%
2.0%
1.0%
0.0%
KeyCorp
Fifth Third
Wells Fargo
Regions
SunTrust
BB&T
National City
US Bancorp
M&T Bank
Wachovia
PNC
Source: SNL DataSource, Tangible Equity/Tangible Assets as of December 31, 2007.
18. 37 Consecutive Years of Cash Dividends
$1.60
$1.40
$1.20
$1.00
A GR
$0.80 C
.2%
$0.60 11
$0.40
$0.20
$0.00
71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08
Dividends
NOTE: All per share amounts have been restated to reflect stock splits, stock dividends and the Union Planters merger
19. › Company Profile
› 2007 Merger Integration and
Financial Performance
› Facing Industry Challenges from a
Position of Strength
› Planning for the Future
20. Fast Growing Footprint
12.0% Projected Population Growth (2007-2012) of Market Footprint(1)
10.5%
10.0%
10.0% National Average
8.1% 8.0% 7.9% 6.3%
8.0%
7.0%
6.9%
5.9% 5.7%
6.0%
4.5% 4.2%
3.7% 3.4% 3.4%
4.0% 3.3%
2.8%
2.0%
0.0%
Citigroup
SunTrust
Wells Fargo
Wachovia
BB&T
Bank of America
Regions
Marshall & Ilsley
U.S. Bancorp
JP Morgan Chase
KeyCorp
Fifth Third
PNC
Capital One
National City
M&T Bank
Source: SNL Financial. Data as of June 2007. Pro forma for completed/pending M&A.
1
Deposit weighted by State.
21. Enterprise-wide Strategic Initiatives
› Optimize Morgan Keegan opportunities
› Focus on organic growth
› Maximize franchise
› Enhance overall company productivity
› Emphasize reliable, consistent service quality
across all Lines of Business
22. Our Brand Promise to Customers
“You can expect more from
Regions. Yes, we are in
the business of banking.
But we are also in the
business of life.
And while our financial
solutions will help you get
more from your money, it is
our mission to help you get
more out of life.”