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.
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.
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.
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.
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.
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 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.
Masco Corporation entered into a new $2 billion 5-year revolving credit agreement with various banks. The new agreement replaces two previous credit facilities that had expired or been terminated. The new agreement provides Masco with an unsecured revolving credit facility available in U.S. dollars and euros. It contains customary terms including financial covenants and events of default. Masco also restated its financial statements for 2001-2003 to separately report certain European businesses that it plans to sell as discontinued operations.
The sell-off in high-yield bonds in May was primarily driven by fears over European sovereign debt rather than deteriorating fundamentals of corporate bond issuers. While markets may remain volatile, the author believes recent weakness presents an attractive opportunity because corporate fundamentals continue improving with surging profits and interest coverage ratios, while yields have increased and valuations are more attractive. Developments in Europe will continue being monitored, but domestic profit growth, yields, and valuations should ultimately have a greater impact and benefit high-yield bonds.
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.
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.
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.
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.
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 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.
Masco Corporation entered into a new $2 billion 5-year revolving credit agreement with various banks. The new agreement replaces two previous credit facilities that had expired or been terminated. The new agreement provides Masco with an unsecured revolving credit facility available in U.S. dollars and euros. It contains customary terms including financial covenants and events of default. Masco also restated its financial statements for 2001-2003 to separately report certain European businesses that it plans to sell as discontinued operations.
The sell-off in high-yield bonds in May was primarily driven by fears over European sovereign debt rather than deteriorating fundamentals of corporate bond issuers. While markets may remain volatile, the author believes recent weakness presents an attractive opportunity because corporate fundamentals continue improving with surging profits and interest coverage ratios, while yields have increased and valuations are more attractive. Developments in Europe will continue being monitored, but domestic profit growth, yields, and valuations should ultimately have a greater impact and benefit high-yield bonds.
CSC reported revenue growth of 5.1% in the first quarter of fiscal year 2005 compared to the same period last year. Revenue totaled $3.7 billion for the quarter. Net income was $110.4 million and earnings per share were $0.58. CSC saw growth in its European outsourcing and U.S. federal government businesses. The company's pipeline of federal opportunities over the next 20 months stands at around $33 billion. CSC announced $4.9 billion in new awards during the quarter from both commercial and government clients.
The document provides an overview of the Las Vegas office market in the third quarter of 2009. Key points include:
- Overall vacancy rates increased to 20.5% from 20.11% last quarter and 16.7% a year ago. Average asking rental rates declined to $1.95 per square foot from $2.12 last quarter.
- Vacancy rates were highest in the Northwest, Southeast, and Southwest submarkets at 25.7%, 23.8%, and 29% respectively due to newer buildings with little pre-leasing. Downtown and Central East had the lowest vacancies under 15%.
- Landlords are offering increased tenant improvement allowances and free rent to attract tenants, impacting returns
The document provides an overview of the Las Vegas office market in the third quarter of 2009. Key points include:
- Overall vacancy rates increased to 20.5% from 20.11% last quarter and 16.7% a year ago. Average asking rental rates declined to $1.95 per square foot from $2.12 last quarter.
- Vacancy rates were highest in the Northwest, Southeast, and Southwest submarkets at 25.7%, 23.8%, and 29% respectively due to newer buildings with little pre-leasing. Downtown and Central East submarkets had the lowest vacancies under 15%.
- Landlords are offering increased tenant improvement allowances and free rent to attract tenants, impact
Thompson Toc Pw Merrill Lynch Conf London 6 7 07i3mm
The presentation discusses Thomson Corporation's legal segment and its proposed combination with Reuters Group PLC to create a global leader in electronic information services. Some key points:
1) The combination would meet customers' growing demand for broader, faster, and more deeply integrated information and solutions across knowledge-based industries.
2) The new company would have pro forma 2006 revenue of over $11 billion split between the financial and professional segments.
3) Over 86% of combined revenue would be recurring and around 88% would come from electronic, software, and services.
This document summarizes previous research on the effects of bank loan-loss reserve (LLR) announcements and identifies gaps in the existing literature. Specifically:
1. Previous studies found mixed effects of LLR announcements on stock prices, with some finding positive effects and others finding mixed or no effects.
2. Most previous studies focused narrowly on announcements in mid-1987 around Citicorp's large LLR addition, providing a limited perspective.
3. Questions remain about whether effects differ for money-center banks versus regional banks, and whether announcements have contagion effects on other banks.
The document is a newsletter for the XLVI Annual Felaban Assembly discussing the strength of Latin American economies despite the ongoing global economic crisis, highlighting countries like Peru, Mexico, Chile, Colombia and Brazil that have seen growth exceed expectations, as well as credit rating upgrades for countries such as Peru, Bolivia, Panama, and Uruguay due to sound economic policies enabling resilience against external shocks.
- Kennametal Inc. filed an 8-K form with the SEC on April 24, 2009 regarding its financial results for the fiscal third quarter ended March 31, 2009.
- The filing included a press release containing non-GAAP financial measures and definitions of those measures, including adjusted gross profit, operating expenses, EBIT, and free operating cash flow.
- Reconciliations of the non-GAAP measures to the most comparable GAAP measures were provided in the press release or compiled as required by Regulation G.
Fannie Mae reported a net loss of $2.3 billion for the second quarter of 2008, driven by credit-related expenses of $5.3 billion which included higher charge-offs and an increase in loss reserves. Revenues were $4 billion, up 5% from the prior quarter mainly due to higher net interest income. Fair value gains were $517 million but were offset by investment losses of $883 million from impairments on Alt-A and subprime securities. Fannie Mae issued $7.4 billion in new capital during the quarter to maintain its capital surplus above regulatory requirements. Management is taking actions to reduce costs and increase guaranty fees while focusing on credit risk management through tighter underwriting and expanded loan work
The 2010 Annual Report summarizes Petrobras' performance and operations. It discusses the company's mission, 2020 vision, main business areas which include exploration, refining, petrochemicals, transportation, distribution and more. The report provides key metrics on production, reserves, financial results and debt ratios. It also outlines the company's ownership structure and international operations.
1. The Washington Metro Area For-Sale Housing Market
2. The Baltimore Metro Area For-Sale Housing Market
3. Policy Spotlight: Federal Tax Credit Completion Deadline Extended
4. Ask Delta 1
5. Summary Data on the Mid-Atlantic Housing Market
6. Local Spotlight: City of Baltimore
7. Regional Spotlight: Loudoun County
8. The Washington Regional Economy and Outlook
9. The Baltimore Regional Economy and Outlook
10. The Condominium Market
11. The Apartment Market
12. The Commercial Real Estate Market
- 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%
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2002, ended December 28, 2001. Revenues increased 8.9% year-over-year to $2.9 billion. Net income was $87.1 million and earnings per share were $0.51. Revenue growth was driven by strong performance in global commercial outsourcing, U.S. federal government contracts, and new opportunities in financial services. CSC also announced $3.2 billion in new business awards for the quarter.
The document is Petrobras' 2011 operational report. It summarizes the company's financial and operational performance in 2011 including oil and gas production levels, reserves, earnings, debt ratios, and investments. It also outlines Petrobras' corporate strategy and business plan for 2011-2015 which prioritizes expanding all business areas with a focus on developing Brazil's pre-salt oil discoveries. The largest investments are allocated to exploration and production (57% of total) and refining, transportation, and marketing (31% of total).
School districts are highly dependent on local revenue generated through property taxes. The declining housing market has therefore taken a toll on school districts. Property values have declined in nearly 88 percent of the school districts located in the Long Island and Mid-Hudson regions. Since these districts derive roughly 75 percent of their revenue locally, reduced property values lead to revenue stress.
¿Cómo esperas que se comporte tu equipo frente al cliente? Si bien hay pautas y sistemas de trabajo que los ayudarán a brindarle un buen servicio, la orientación al cliente resulta fundamental y complementaria. Te explico por qué.
ONE'selling, Un Anno di Business Insieme, è un progetto di partnership che si sviluppa in una serie di attività volte ad affinare le strategie operative di marketing e a migliorare la capacità di vendita della rete commerciale
La presentación del negocio dar poquito información sobre nuestro oportunidad. Para más información es mejor organizar una cita atrás del Internet o personal. Llámanos al 311 244 78 14 o manda un correo a info@gdi-foreverliving.com.co
Este documento presenta un nuevo producto de pañitos húmedos llamado "Pañitos húmedos Antipañalitis". El producto se segmenta geográficamente enfocándose en ciudades principales de Colombia y demográficamente en niños de 0 a 5 años. Psicográficamente apunta a padres de clase media y alta. El segmento objetivo son aquellos interesados en suavidad, calidad, diseño y protección. Se realizarán encuestas en supermercados para entender las necesidades de los consumidores y posicionar
CSC reported revenue growth of 5.1% in the first quarter of fiscal year 2005 compared to the same period last year. Revenue totaled $3.7 billion for the quarter. Net income was $110.4 million and earnings per share were $0.58. CSC saw growth in its European outsourcing and U.S. federal government businesses. The company's pipeline of federal opportunities over the next 20 months stands at around $33 billion. CSC announced $4.9 billion in new awards during the quarter from both commercial and government clients.
The document provides an overview of the Las Vegas office market in the third quarter of 2009. Key points include:
- Overall vacancy rates increased to 20.5% from 20.11% last quarter and 16.7% a year ago. Average asking rental rates declined to $1.95 per square foot from $2.12 last quarter.
- Vacancy rates were highest in the Northwest, Southeast, and Southwest submarkets at 25.7%, 23.8%, and 29% respectively due to newer buildings with little pre-leasing. Downtown and Central East had the lowest vacancies under 15%.
- Landlords are offering increased tenant improvement allowances and free rent to attract tenants, impacting returns
The document provides an overview of the Las Vegas office market in the third quarter of 2009. Key points include:
- Overall vacancy rates increased to 20.5% from 20.11% last quarter and 16.7% a year ago. Average asking rental rates declined to $1.95 per square foot from $2.12 last quarter.
- Vacancy rates were highest in the Northwest, Southeast, and Southwest submarkets at 25.7%, 23.8%, and 29% respectively due to newer buildings with little pre-leasing. Downtown and Central East submarkets had the lowest vacancies under 15%.
- Landlords are offering increased tenant improvement allowances and free rent to attract tenants, impact
Thompson Toc Pw Merrill Lynch Conf London 6 7 07i3mm
The presentation discusses Thomson Corporation's legal segment and its proposed combination with Reuters Group PLC to create a global leader in electronic information services. Some key points:
1) The combination would meet customers' growing demand for broader, faster, and more deeply integrated information and solutions across knowledge-based industries.
2) The new company would have pro forma 2006 revenue of over $11 billion split between the financial and professional segments.
3) Over 86% of combined revenue would be recurring and around 88% would come from electronic, software, and services.
This document summarizes previous research on the effects of bank loan-loss reserve (LLR) announcements and identifies gaps in the existing literature. Specifically:
1. Previous studies found mixed effects of LLR announcements on stock prices, with some finding positive effects and others finding mixed or no effects.
2. Most previous studies focused narrowly on announcements in mid-1987 around Citicorp's large LLR addition, providing a limited perspective.
3. Questions remain about whether effects differ for money-center banks versus regional banks, and whether announcements have contagion effects on other banks.
The document is a newsletter for the XLVI Annual Felaban Assembly discussing the strength of Latin American economies despite the ongoing global economic crisis, highlighting countries like Peru, Mexico, Chile, Colombia and Brazil that have seen growth exceed expectations, as well as credit rating upgrades for countries such as Peru, Bolivia, Panama, and Uruguay due to sound economic policies enabling resilience against external shocks.
- Kennametal Inc. filed an 8-K form with the SEC on April 24, 2009 regarding its financial results for the fiscal third quarter ended March 31, 2009.
- The filing included a press release containing non-GAAP financial measures and definitions of those measures, including adjusted gross profit, operating expenses, EBIT, and free operating cash flow.
- Reconciliations of the non-GAAP measures to the most comparable GAAP measures were provided in the press release or compiled as required by Regulation G.
Fannie Mae reported a net loss of $2.3 billion for the second quarter of 2008, driven by credit-related expenses of $5.3 billion which included higher charge-offs and an increase in loss reserves. Revenues were $4 billion, up 5% from the prior quarter mainly due to higher net interest income. Fair value gains were $517 million but were offset by investment losses of $883 million from impairments on Alt-A and subprime securities. Fannie Mae issued $7.4 billion in new capital during the quarter to maintain its capital surplus above regulatory requirements. Management is taking actions to reduce costs and increase guaranty fees while focusing on credit risk management through tighter underwriting and expanded loan work
The 2010 Annual Report summarizes Petrobras' performance and operations. It discusses the company's mission, 2020 vision, main business areas which include exploration, refining, petrochemicals, transportation, distribution and more. The report provides key metrics on production, reserves, financial results and debt ratios. It also outlines the company's ownership structure and international operations.
1. The Washington Metro Area For-Sale Housing Market
2. The Baltimore Metro Area For-Sale Housing Market
3. Policy Spotlight: Federal Tax Credit Completion Deadline Extended
4. Ask Delta 1
5. Summary Data on the Mid-Atlantic Housing Market
6. Local Spotlight: City of Baltimore
7. Regional Spotlight: Loudoun County
8. The Washington Regional Economy and Outlook
9. The Baltimore Regional Economy and Outlook
10. The Condominium Market
11. The Apartment Market
12. The Commercial Real Estate Market
- 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%
Computer Sciences Corporation (CSC) reported financial results for the third quarter of fiscal year 2002, ended December 28, 2001. Revenues increased 8.9% year-over-year to $2.9 billion. Net income was $87.1 million and earnings per share were $0.51. Revenue growth was driven by strong performance in global commercial outsourcing, U.S. federal government contracts, and new opportunities in financial services. CSC also announced $3.2 billion in new business awards for the quarter.
The document is Petrobras' 2011 operational report. It summarizes the company's financial and operational performance in 2011 including oil and gas production levels, reserves, earnings, debt ratios, and investments. It also outlines Petrobras' corporate strategy and business plan for 2011-2015 which prioritizes expanding all business areas with a focus on developing Brazil's pre-salt oil discoveries. The largest investments are allocated to exploration and production (57% of total) and refining, transportation, and marketing (31% of total).
School districts are highly dependent on local revenue generated through property taxes. The declining housing market has therefore taken a toll on school districts. Property values have declined in nearly 88 percent of the school districts located in the Long Island and Mid-Hudson regions. Since these districts derive roughly 75 percent of their revenue locally, reduced property values lead to revenue stress.
¿Cómo esperas que se comporte tu equipo frente al cliente? Si bien hay pautas y sistemas de trabajo que los ayudarán a brindarle un buen servicio, la orientación al cliente resulta fundamental y complementaria. Te explico por qué.
ONE'selling, Un Anno di Business Insieme, è un progetto di partnership che si sviluppa in una serie di attività volte ad affinare le strategie operative di marketing e a migliorare la capacità di vendita della rete commerciale
La presentación del negocio dar poquito información sobre nuestro oportunidad. Para más información es mejor organizar una cita atrás del Internet o personal. Llámanos al 311 244 78 14 o manda un correo a info@gdi-foreverliving.com.co
Este documento presenta un nuevo producto de pañitos húmedos llamado "Pañitos húmedos Antipañalitis". El producto se segmenta geográficamente enfocándose en ciudades principales de Colombia y demográficamente en niños de 0 a 5 años. Psicográficamente apunta a padres de clase media y alta. El segmento objetivo son aquellos interesados en suavidad, calidad, diseño y protección. Se realizarán encuestas en supermercados para entender las necesidades de los consumidores y posicionar
Se pic is the king. Non è tutto like quello che luccica. #visionsardiniaFreelance
Come usare le immagini nel racconto dei luoghi e dei territori, favorendo la produzione di storie visive da parte di chi viaggia e di chi vive i luoghi del viaggio. Instagram e dintorni, la fotografia è mobile perché quando si viaggia non si è mai fermi, ma sempre in movimento.
The document discusses several key points about making GO/NO GO decisions:
1) Data-driven approaches that are substantiated by evidence lead to higher quality decisions.
2) Unstructured customer feedback is a valuable source of honest, critical information to support GO/NO GO decisions.
3) Clearly defined methodologies ensure high integrity in the decision-making process and its results.
AdministracióN De La Calidad (Resumen De En DiapositivasLucia González
Este documento trata sobre conceptos básicos de calidad como su definición, historia, sistemas, procesos y enfoque al cliente. Explica que la calidad se refiere a la satisfacción del cliente y surge desde tiempos antiguos cuando el hombre buscaba mejorar sus productos. También describe las aportaciones de pioneros de la calidad como Deming, Juran y Crosby y los principios de la administración de la calidad como la planificación, control y mejora continua.
Francis Akos was born in 1922 in Budapest, Hungary. He was deported to the Neuengamme concentration camp in Germany in 1944 after the German occupation of Hungary. In 1945, as the Allies advanced, Francis and other prisoners were transported by ship, but the ships were bombed by Allied forces near Luebeck Bay. Francis survived and was rescued in Neustadt, Germany. He then worked for the British military as a musician. In 1945, Francis returned to Budapest and later emigrated to the United States.
El documento habla sobre la importancia del portafolio y la reflexión como componentes clave en la evaluación de una clase de escritura. Explica que un portafolio debe contener muestras seleccionadas de escritura del estudiante además de reflexiones sobre su progreso. También compara la evaluación a través de portafolios con las pruebas estándar, señalando las ventajas de los primeros para mostrar el desarrollo del estudiante.
Este documento presenta una valoración de cargos para un Coordinador Comercial y un Supervisor de Producción. Evalúa tres factores clave (toma de decisiones, experiencia y complejidad) en una escala del 1 al 5 para cada puesto. Basado en los puntajes totales, calcula el salario correspondiente a cada puesto utilizando una fórmula que relaciona los puntos obtenidos con un salario base de $1,400,000. El cálculo final determina que el salario del Coordinador Comercial sería de $1,047,200 y el del Super
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.
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.
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.
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.
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.
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 introduces Wisdom Realty's Commission Lock program, which charges a reduced, prepaid commission based on a home's current market value rather than increased future value to help homeowners keep more equity, as the real estate market is volatile and home values fluctuate, potentially resulting in significant losses of a homeowner's largest investment and assets.
Mercer Capital's Bank Watch | June 2022 | Bond Pain and Perspective on Bank V...Mercer Capital
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mack-Cali Bank of America Presentation September 2018Morey Marcus
This document provides an investor presentation for Mack-Cali Realty Corporation. It includes forward-looking statements and disclaimers. The presentation provides an overview of Mack-Cali's Jersey City portfolio, including residential units, office space, future developments, and transportation access. Charts show key statistics, NOI composition changes over time as the company transformed, and residential development details. Estimates of value creation from in-construction projects and equity requirements to fund development are also included.
- The bank reported its 2Q20 earnings results, with net income of $14.1 million. Earnings were impacted by lower interest and fee revenues due to the bank's decision to increase liquidity and decrease loan balances in the current market environment.
- The loan portfolio decreased 16% during the quarter as the bank selectively originated new loans and most borrowers prepaid loans. This resulted in higher cash levels but reduced interest income.
- Credit quality remained strong with no non-performing loans. A loan sale resulted in a $2.7 million reversal of previous credit loss provisions.
Bank of America is acquiring Countrywide Financial to become the largest mortgage originator and servicer in the US. The acquisition will strengthen Bank of America's position as a premier consumer bank by adding Countrywide's large mortgage capabilities and technology platform. The all-stock deal values Countrywide at $2.9 billion and is expected to close in the third quarter of 2008 pending regulatory and shareholder approvals. The acquisition faces near term challenges from the weak housing market but creates opportunities to improve origination practices and acquire a leading mortgage platform.
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.
- Cascade Financial reported a net loss of $4.8 million for Q1 2009 compared to earnings of $2.6 million in Q1 2008, due to increasing its provision for loan losses to $13.9 million.
- Checking deposits grew 83% year-over-year to a record level, while total loans increased 8% to $1.25 billion despite a slowdown in new loan originations.
- Nonperforming loans rose to represent 4.05% of total loans as the weak housing market continued to present challenges, leading to a higher allowance for loan losses.
- The company remained well capitalized with strong capital ratios, while continuing to focus on residential and small business lending to
- The bank reported second quarter 2020 earnings results, with net income of $14.1 million, lower than previous quarters due to a reduction in loan balances and interest/fee revenues in light of the economic environment.
- The commercial loan portfolio decreased 16% through scheduled maturities and selective new lending at wider spreads, maintaining strong asset quality with no non-performing loans.
- Liquidity increased to $2 billion as the bank rapidly collected loan maturities and accessed diversified funding sources, extending the tenor of its borrowings.
- While net interest income decreased due to lower loan volumes, the bank benefited from favorable interest rate movements and credit quality remained robust.
SunTrust at UBS Global Financial Servicesfinance20
This document provides an overview of SunTrust Banks, Inc. from its 2008 UBS Global Financial Services Conference presentation. It discusses SunTrust's diversified business mix across retail banking, commercial banking, wealth management, and mortgage operations. The presentation highlights SunTrust's footprint in high growth Southeastern markets, its solid capital position and balance sheet, and strategic initiatives to optimize performance. It also reviews SunTrust's balanced sources of funding, focus on reducing risk, and steady dividend growth history.
The document discusses two topics:
1. Housing affordability has returned to pre-bubble levels in many US markets according to a Moody's analysis, as the ratio of home prices to household income has fallen to its lowest level in 35 years.
2. The US Treasury Department released a report on reforming the US mortgage market that outlines three options but will take years to implement, shaping the future of mortgage liquidity and affordability.
3. The author notes their company's business model ensures they can continue serving clients through any housing reforms.
Vacancy rates in the Las Vegas office market increased this quarter to 23.05%, up from 20.79% last quarter. Absorption was negative at (818,385) square feet. While some submarkets like Downtown showed lower vacancy rates, others like Northwest had very high vacancy of 44.38% due to new construction and lack of pre-leasing. Developers have halted new projects due to high vacancy and low demand. The local and national unemployment rates remain elevated at 13.9% and 9.7% respectively, continuing to impact the commercial real estate market recovery.
The document provides an overview of the Las Vegas office market for the 4th quarter of 2009. Key points include:
- Overall vacancy rates increased to 20.79% in the 4th quarter, up from 20.5% in the 3rd quarter and higher than the 16.7% rate from a year ago.
- Average rental rates declined to $2.10 per square foot from $2.12 last quarter, and were lower than rates from a year ago.
- Net absorption was negative at -80,478 square feet absorbed for the quarter. The economic outlook remains uncertain due to tight credit and high unemployment.
- By property class, top tier buildings
Company website presentation (a) december 2016AnteroResources
The document provides an overview of Antero Resources Corporation. It notes that the presentation contains forward-looking statements and describes various risk factors that could affect Antero's actual results. It then provides highlights of Antero's profile, including its market capitalization, enterprise value, reserves, production rates, and acreage position. The document emphasizes Antero's strong balance sheet, leading realized prices and margins, improving well economics, and large drilling inventory.
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.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
2. FORWARD LOOKING STATEMENTS
The information contained in this presentation may include forward-looking statements which reflect Regions' current views with respect to future events and financial performance.
The Private Securities Litigation Reform Act of 1995 (quot;the Actquot;) provides a safe harbor for forward-looking statements which are identified as such and are accompanied by the
identification of important factors that could cause actual results to differ materially from the forward-looking statements. For these statements, we, together with our subsidiaries,
unless the context implies otherwise, claim the protection afforded by the safe harbor in the Act. Forward-looking statements are not based on historical information, but rather are
related to future operations, strategies, financial results, or other developments. Forward-looking statements are based on management's expectations as well as certain
assumptions and estimates made by, and information available to, management at the time the statements are made. Those statements are based on general assumptions and
are subject to various risks, uncertainties, and other factors that may cause actual results to differ materially from the views, beliefs, and projections expressed in such statements.
These risks, uncertainties and other factors include, but are not limited to, those described below:
● Regions' ability to achieve the earnings expectations related to businesses that have been acquired, including its merger with AmSouth Bancorporation, or that may be
acquired in the future.
●Regions' ability to expand into new markets and to maintain profit margins in the face of competitive pressures.
●Regions’ ability to keep pace with technological changes.
●Regions’ ability to manage fluctuations in the value of assets and liabilities and off-balance sheet exposure so as to maintain sufficient capital and liquidity to support Regions’
business
● Regions' ability to keep pace with technological changes.
● Regions' ability to develop competitive new products and services in a timely manner and the acceptance of such products and services by Regions' customers and potential
customers.
● Regions' ability to effectively manage interest rate risk, market risk, credit risk, operational risk, legal risk, liquidity risk, and regulatory and compliance risk.
●The current stresses in the financial and residential real estate markets, including possible continued deterioration in residential property values
● The cost and other effects of material contingencies, including litigation contingencies.
● The effects of increased competition from both banks and non-banks.
● Possible changes in interest rates may increase funding costs and reduce earning asset yields, thus reducing margins.
● Possible changes in general economic and business conditions in the United States in general and in the communities Regions serves in particular.
● Possible changes in the creditworthiness of customers and the possible impairment of collectibility of loans.
● The effects of geopolitical instability and risks such as terrorist attacks.
● Possible changes in trade, monetary and fiscal policies, laws, and regulations, and other activities of governments, agencies, and similar organizations, including changes in
accounting standards, may have an adverse effect on business.
● Possible changes in consumer and business spending and saving habits could affect Regions' ability to increase assets and to attract deposits.
● The effects of weather and natural disasters such as droughts and hurricanes.
●Congress recently enacted the Emergency Economic Stabilization Act of 2008, and the U.S. Treasury and banking regulators are implementing a number of programs to
address capital and liquidity issues in the banking system, all of which may have significant effects on Regions and the financial services industry, the exact nature of which
cannot be determined at this time.
The foregoing list of factors is not exhaustive; for discussion of these and other risks that may cause actual results to differ from expectations, please look under the caption
“Forward-Looking Statements” in Regions’ Annual Report on Form 10-K for the year ended December 31, 2007 and Form 10-Q for the quarters ended September 30, 2008, June
30, 2008, and March 31, 2008, as on file with the Securities and Exchange Commission.
The words quot;believe,quot; quot;expect,quot; quot;anticipate,quot; quot;project,quot; and similar expressions often signify forward-looking statements. You should not place undue reliance on any forward-looking
statements, which speak only as of the date made. Regions assumes no obligation to update or revise any forward-looking statements that are made from time to time.
3. › Company Profile
› Financial Performance
› Credit Quality
› Capital
› 2009 Focus Areas
4. Regions is Among the Largest U.S. Banks
› Market Capitalization $6.6 billion
› Assets $144 billion
› Loans, net of unearned income $99 billion
› Deposits $89 billion
› Branches 1,940
› ATMs 2,361
NOTE: As of September 30, 2008.
5. Strong Southeastern Franchise
State Dep. ($B) Mkt. Share Rank
AL $17.2 23% #1
TN 16.3 16 #1
FL 14.3 4 #4
MS 9.7 21 #1
LA 7.2 10 #3
GA 6.1 3 #6
AR 4.2 9 #2
TX 3.0 1 #17
IL 2.4 1 #24
MO 2.2 2 #9
IN 2.1 2 #9
Other 2.5 — —
Regions
Morgan Keegan
Insurance
Source: Based on June 30, 2008 FDIC Data obtained from SNL
6. High Relative Market Density
Weighted Average
Name Market Share (1)
BB&T 22.2
Regions 20.7
Wells Fargo / Wachovia 20.3
Comerica 18.8
M&T 18.1
Regions compares
M&I 17.8
favorably in terms of
Bank of America 16.6
JP Morgan / WAMU 16.3 market share relative to
U.S. Bancorp 16.3 other top banking
PNC / Nat City 16.2 franchises
KeyCorp 14.5
SunTrust 14.3
Capital One 13.0
Fifth Third 13.0
Citi 8.4
Median 16.3%
(1) Deposits weighted by county. Excludes deposits from branches with > $10bn of
deposits. Based on June 30, 2008 FDIC data.
7. Morgan Keegan – Among the Largest Regional Full-Service Brokerage and Investment
Banking Firms
360 Office Locations
Profile
› 1,271 financial advisors
› 360 offices in 19 states
› $70 billion of customer assets
› $74 billion of trust assets
› $65 million assets per financial
advisor
As of September 30, 2008
8. Q3 2008 Highlights: Aggressively Moving
Problem Loans Off the Balance Sheet
› EPS of $0.15, down ($0.24) from Q2 2008
(1)
› Elevated credit costs
› Higher loan loss provision driven by accelerated disposition of
problem assets
› Credit related expenses remained high
› Continued net interest margin pressure
› Lower non-interest income driven by lower brokerage revenues
› Controlled core expenses
(1)
Earnings per share from continuing operations, excluding merger expenses. For a reconciliation of this amount to the same measure on a GAAP basis and a
statement of why management believes this measure provides useful information to investors, see Regions’ 8-K filed October 21, 2008 announcing results of
operations for the period ended September 30, 2008.
10. Aggressive Asset Sales Drove Net Charge-offs
NCO’s (in millions)
450
400
350
$163
300
250
200 $23
150
$253
100 $186
50
-
2Q08 3Q08
NCOs Sale Losses
11. Credit Quality Trends
1.79%
1.80% 1.65%
1.66%
1.60%
1.65%
1.40%
1.25%
1.20%
1.25%
0.90%
1.00%
0.80% 0.90%
0.62% 0.65%
0.60%
0.62% 0.62%
0.40%
0.20%
0.00%
2Q07 3Q07 4Q07 1Q08 2Q08 3Q08
NPAs/Loans and OREO (excluding Held for Sale)
NPAs/Loans and OREO (including Held for Sale)
12. Non-Performing Assets Remain Unchanged
(in millions)
Beginning NPAs - 6/30/08 $1,621
Additions 721
Net Charge-Offs (180)
Sales (431)
Returned to Accruing Status (19)
Payments (70)
Ending NPAs - 9/30/08 $1,642
Non-performing assets shown above exclude assets held for sale.
13. Decline in Housing Market
1000 $270,000
900
$260,000
800
Housing Units Sold in 000’s
Median New Home Price
$250,000
700
600
$240,000
500
$230,000
400
300 $220,000
200
$210,000
100
0 $200,000
J07 F07 M07 A07 M07 J07 J07 A07 S07 O07 N07 D07 J08 F08 M08 A08 M08 J08 J08 A08 S08
New Home Sales Median New Home Price
Source: US Census Bureau Reports
15. NCO%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
8.00%
9.00%
10.00%
11.00%
12.00%
$1.1
$5.2 Homebuilder
$3.6 Florida – Home Eq 2nd Liens
Indirect Auto & Other Consumer
$6.2
≈ Condo – Approx
$2.5 OO Construction
30%
$12.1 Home Equity – excl Florida 2nd Liens
CRE – NOO Mortgage
$10.8
$33.8 Commercial C&I + CRE – OO
Average Loan Portfolio ($ in billions)
Losses Contained in Smaller Portfolios
Residential 1st Mortgage
$16.3
NOO Construction
$6.7
16. Residential Homebuilder Portfolio - $5.2 billion
Geographic Breakdown
($ in thousands)
2,400,000
1,800,000
1,200,000
600,000
0
Central Florida Midsouth Midwest Southwest Other
1 Central consists of Alabama, Georgia, and South Carolina
2 Midsouth consists of North Carolina, Virginia and Tennessee
3 Midwest consists of Arkansas, Illinois, Indiana, Iowa, Kentucky, Missouri, and Texas
4 Southwest consists of Louisiana and Mississippi
As of September 30, 2008.
17. Action Plan – Residential Homebuilder
› Increased Special Asset staffing levels
› Established Distressed Loan Disposition program
› Increased Credit Servicing programs
› Homebuilder monthly reporting
› Condo quarterly status reporting
› Quarterly CRE Retail Portfolio Review
› Centralized Homebuilder Portfolio Management
› Tightened credit policy
› CRE Lending and Credit Specialists
18. Residential Homebuilder Portfolio - $5.2 billion
7.5
28%
R edu
7
ctio
n
6.5
6
Billions of dollars
5.5
5
4.5
4
3.5
3
2.5
4th Quarter 2007 1st Quarter 2008 2nd Quarter 2008 3rd Quarter 2008
19. Aggressive Condo Exposure Management
$ in millions
2400
2200
Reduction of 52%
2000
1800 since the merger
1600
1400
1200
1000
800
600
Nov 06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08
(merger)
20. Home Equity Losses Concentrated in Florida 2nd Liens
NCO %
5.0
2nd Lien
4.5
4.0
3.5
3.0
2.5
$3.6
2.0 st
1 Lien
2nd Lien
1.5
1.0
1st Lien
$2.0
$5.7
0.50
$4.5
$ Balances
Florida – All Other States - (billions)
$5.6B $10.2B
Note: Bar height represents charge-off percentage and width
represents ending balances as of September 30, 2008.
21. Action Plan – Home Equity
› Florida home equity collections managed by a
dedicated group
› Collection calls start at Day 5 for Florida
› Payment hardship tools available on regions.com
› Select Florida branches calling high risk customers
› Enhanced loss mitigation process
22. Proactive Management of Home Equity reflected in
Net Charge-offs
Net Charge-Off %
5.00%
Non-FL FL
4.50%
4.00%
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
Q407 Q108 Q208 Q308
23. Emergency Economic Stabilization Act of 2008
Plan Element Impact to Regions
•Attractive funding
TARP Capital Purchase Program
•Bolsters tier 1 capital to approximately
10.5%
•Balance sheet flexibility
•Increase depositor confidence
FDIC Deposit Insurance Program
•Stabilize deposit base
Interest-bearing
•Safety and soundness
Non-interest bearing
•Potential acceleration of problem asset
Loan Sales to Government
disposal
•Ease funding pressure
Senior Unsecured Debt Guarantee
24. Capital Management
› TARP Capital Purchase Program bolsters regulatory capital
by $3.5 billion
12.00%
10.00%
TARP – 10.47%
8.00%
6.00%
4.00%
Pre-Tarp – 7.47%
2.00%
0.00%
Tier 1 ratio
Tier 1 before TARP Proforma Tier 1
25. Looking to the Future
Focus Actions
• Grow Deposits
Ensure
• Sell Non-performing Loans when Strategic Buyers make Reasonable Bids
Liquidity • Loan Growth in line with deposits
• Ration Loan Capacity
Build Tier 1 Capital • Earnings Retention
• $3.5 Billion Preferred Shares Issuance
• Full Pricing on Loans
Improve Net • Strong Deposit Pricing Discipline
Interest Margin • Grow Low Cost Deposits
• Strengthen Client Relationships
Build Non-interest
• Morgan Keegan
Revenues • Insurance
• Control Discretionary Spend
Control
• Improve Productivity and Efficiency
Expenditures
• Rationalize Capital Expenditures
26. Regions Financial Corporation
› Attractive franchise footprint
› Diversified revenue stream, including Morgan
Keegan
› Aggressively managing credit issues
› Building & strengthening client relationships
› Straight forward balance sheet
› No SIVs, CDOs, or credit cards
› Diversified loan portfolio; proactive management of
credit issues
› Strong capital levels