Regions Bank 2008 Annual Report Download - page 105

Download and view the complete annual report

Please find page 105 of the 2008 Regions Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 184

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 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
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184

REGIONS FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
Common Stock Preferred
Stock
Additional
Paid-In
Capital
Retained
Earnings
(Deficit)
Treasury
Stock,
At Cost
Accumulated
Other
Comprehensive
Income (Loss), Net
Unearned
Restricted
Stock TotalShares Amount
(In thousands, except share and per share data)
BALANCE AT JANUARY 1,
2006 .........................456,347 $4,738 $— $ 7,323,483 $ 4,034,905 $ (581,890) $ (92,325) $(74,628) $10,614,283
Reclassification for adoption of FAS
123R ......................... — — — (74,628) — — — 74,628 —
Cumulative effect of change in
accounting principle due to adoption
ofFAS158 .................... — — — — — — (64,130) — (64,130)
Comprehensive income:
Net income .................. — — — — 1,353,145 — — — 1,353,145
Net change in unrealized gains
and losses on securities
available for sale, net of tax and
reclassification
adjustment(1) .............. — — — — — — 15,527 — 15,527
Net change in unrealized gains
and losses on derivative
instruments, net of tax and
reclassification
adjustment(1) .............. — — — — — — 9,656 — 9,656
Comprehensive income ............. 1,378,328
Cash dividends declared—$1.40 per
share ......................... — — — — (894,805) — — — (894,805)
Purchase of treasury stock .......... (13,764) — — — — (490,370) — — (490,370)
Retirement of treasury stock ......... — (310) — (1,064,402) — 1,064,712 — — —
Common stock transactions:
Stock issued for acquisitions .....277,095 2,771 — 9,855,017 — — — — 9,857,788
Stock issued to employees under
incentive plans, net .......... 1,044 10 — (7,314) — — — — (7,304)
Stock options exercised, net ..... 9,354 94 — 264,241 — — — — 264,335
Amortization of unearned restricted
stock ......................... — — — 43,329 — — — — 43,329
BALANCE AT DECEMBER 31,
2006 .........................730,076 7,303 — 16,339,726 4,493,245 (7,548) (131,272) — 20,701,454
Cumulative effect of change in
accounting principles due to
adoption of FIN 48 and FSP 13-2 . . . — — — — (269,403) — — — (269,403)
Comprehensive income:
Net income .................. — — — — 1,251,095 — — — 1,251,095
Net change in unrealized gains
and losses on securities
available for sale, net of tax and
reclassification
adjustment(1) .............. — — — — — — 166,131 — 166,131
Net change in unrealized gains
and losses on derivative
instruments, net of tax and
reclassification
adjustment(1) .............. — — — — — — 95,464 — 95,464
Net change from defined benefit
pension plans, net of tax(1) .... — — — — — — 71,964 — 71,964
Comprehensive income ............. — — — — — — — — 1,584,654
Cash dividends declared—$1.46 per
share ......................... — — — — (1,035,432) — — — (1,035,432)
Purchase of treasury stock .......... (40,854) — — — — (1,363,213) — — (1,363,213)
Common stock transactions:
Stock issued to employees under
incentive plans, net .......... 666 7 — (16,972) — — — — (16,965)
Stock options exercised, net ..... 3,748 37 — 154,776 — — — — 154,813
Amortization of unearned restricted
stock ......................... — — — 67,121 — — — — 67,121
693,636 7,347 — 16,544,651 4,439,505 (1,370,761) 202,287 — 19,823,029
95