Regions Bank 2009 Annual Report Download - page 129

REGIONS FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
Preferred Stock Common Stock Additional
Paid-In
Capital
Retained
Earnings
(Deficit)
Treasury
Stock,
At Cost
Accumulated
Other
Comprehensive
Income (Loss) TotalShares Amount Shares Amount
(In millions, except share and per share data)
BALANCE AT JANUARY 1, 2007 ........ — $ — 730 $ 7 $16,340 $ 4,493 $ (8) $(131) $20,701
Cumulative effect of change in accounting
principles due to adoption of new accounting
literature ............................. — — — — — (269) — — (269)
Comprehensive income:
Net income ........................ — — — — — 1,251 — — 1,251
Net change in unrealized gains and losses
on securities available for sale, net of
tax and reclassification
adjustment(1) ..................... — — — — — — — 166 166
Net change in unrealized gains and losses
on derivative instruments, net of tax
and reclassification adjustment(1) ..... — — — — — — — 96 96
Net change from defined benefit pension
plans, net of tax(1) ................. 72 72
Comprehensive income ................... 1,585
Cash dividends declared—$1.46 per share .... — — — — — (1,036) — — (1,036)
Purchase of treasury stock ................. — — (41) — — — (1,363) — (1,363)
Common stock transactions:
Stock transactions with employees under
incentive plans, net ................ — — 1 — (17) — — — (17)
Stock options exercised and related
activity, net ...................... — — 4 — 155 — — — 155
Amortization of unearned restricted stock .... — — — — 67 — — — 67
BALANCE AT DECEMBER 31, 2007 ..... — — 694 7 16,545 4,439 (1,371) 203 19,823
Cumulative effect of change in accounting
principles due to adoption of new accounting
literature ............................. — — — — — (17) — — (17)
Comprehensive income (loss):
Net income (loss) .................... — — — — — (5,596) — — (5,596)
Net change in unrealized gains and losses
on securities available for sale, net of
tax and reclassification
adjustment(1) ..................... — — — — — — — (101) (101)
Net change in unrealized gains and losses
on derivative instruments, net of tax
and reclassification adjustment(1) ..... — — — — — — — 190 190
Net change from defined benefit pension
plans, net of tax(1) ................. — — — — — — — (314) (314)
Comprehensive income (loss) .............. (5,821)
Cash dividends declared—$0.96 per share .... — — — — — (669) — — (669)
Preferred dividends ...................... — — — — — (26) — — (26)
Preferred stock transactions:
Proceeds from issuance of 3,500,000
shares of preferred stock ............ 4 3,304 — — — — — — 3,304
Proceeds from issuance of 48,253,677
common stock warrant ............. — — — — 196 — — — 196
Discount accretion ................... — 3 — — — — — — 3
Common stock transactions:
Stock transactions with employees under
compensation plans, net ............ — — (3) — (3) — (54) — (57)
Stock options exercised and related
activity, net ...................... — — — — 27 — — — 27
Amortization of unearned restricted stock .... — — — — 50 — — — 50
BALANCE AT DECEMBER 31, 2008 ..... 4 3,307 691 7 16,815 (1,869) (1,425) (22) 16,813
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