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Annual Shareholder Meeting

April 17, 2008


Please turn off cell phones and other electronic devices.
› Company Profile

› 2007 Merger Integration and
  Financial Performance

› Facing Industry Challenges from a
  Position of Strength

› Planning for the Future
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.
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.
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.
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
› Company Profile

› 2007 Merger Integration and
  Financial Performance

› Facing Industry Challenges from a
  Position of Strength

› Planning for the Future
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
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
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
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.
› Company Profile

› 2007 Merger Integration and
 Financial Performance

› Facing Industry Challenges from a
 Position of Strength

› Planning for the Future
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
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
Historically Low Credit Costs
 1.20%


 1.00%

 0.80%


 0.60%

 0.40%

 0.20%


 0.00%
           1997    1998   1999    2000   2001    2002   2003    2004   2005    2006   2007    1Q08


                                 Regions          Peer Average
NOTE: Peers include C, BAC, JPM, WB, WFC, USB, BK, STI, COF, NCC, STT, PNC, BBT, FITB, KEY, NTRS, MTB,
CMA, and MI. SNL Database
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
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.
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
› Company Profile

› 2007 Merger Integration and
  Financial Performance

› Facing Industry Challenges from a
  Position of Strength

› Planning for the Future
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.
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
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.”
Regions and
Social Responsibility
Improving lives in the
communities we serve:

› Corporate Giving
  Program

› Matching Gifts Program
› Associate Volunteer
  Program
regions Annual Meeting08

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regions Annual Meeting08

  • 1. Annual Shareholder Meeting April 17, 2008 Please turn off cell phones and other electronic devices.
  • 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
  • 15. Historically Low Credit Costs 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 1Q08 Regions Peer Average NOTE: Peers include C, BAC, JPM, WB, WFC, USB, BK, STI, COF, NCC, STT, PNC, BBT, FITB, KEY, NTRS, MTB, CMA, and MI. SNL Database
  • 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.”
  • 23. Regions and Social Responsibility Improving lives in the communities we serve: › Corporate Giving Program › Matching Gifts Program › Associate Volunteer Program