Regions Bank 2010 Annual Report Download - page 64

The following tables provide: 1) a reconciliation of net income (loss) available to common shareholders
(GAAP) to net income (loss) available to common shareholders, excluding merger, goodwill impairment and
regulatory charges (non-GAAP), 2) a reconciliation of earnings (loss) per common share (GAAP) to earnings
(loss) per common share, excluding merger, goodwill impairment and regulatory charges (non-GAAP), 3) a
reconciliation of non-interest expense (GAAP) to adjusted non-interest expense (non-GAAP), 4) a reconciliation
of non-interest income (GAAP) to adjusted non-interest income (non-GAAP), 5) computation of adjusted total
revenue (non-GAAP), 6) computation of the efficiency ratio (non-GAAP), 7) a reconciliation of return on
average assets (GAAP) to return on average assets, excluding merger, goodwill impairments and regulatory
charges (non-GAAP), 8) a reconciliation of average and ending stockholders’ equity (GAAP) to average and
ending tangible common stockholders’ equity with and without merger, goodwill impairment and regulatory
charges (non-GAAP), and 9) a reconciliation of stockholders’ equity (GAAP) to Tier 1 capital (regulatory) and to
Tier 1 common equity (non-GAAP).
Table 2—GAAP to Non-GAAP Reconciliation
For Years Ended December 31
2010 2009 2008 2007 2006
(In millions, except per share data)
INCOME (LOSS)
Net income (loss) from continuing operations (GAAP) ............ $ (539) $(1,031) $(5,585) $1,393 $1,373
Preferred dividends and accretion (GAAP) ..................... (224) (230) (26) — —
Net income (loss) from continuing operations available to common
shareholders (GAAP) .................................... (763) (1,261) (5,611) 1,393 1,373
Net income (loss) from discontinued operations, net of tax
(GAAP) ............................................... — — (11) (142) (19)
Net income (loss) available to common shareholders (GAAP) ...... A $ (763) $(1,261) $(5,622) $1,251 $1,354
Income (loss) from continuing operations available to common
shareholders (GAAP) .................................... $ (763) $(1,261) $(5,611) $1,393 $1,373
Merger-related charges, pre-tax
Salaries and employee benefits ........................... — — 134 159 66
Net occupancy expense ................................ — — 4 34 3
Furniture and equipment expense ......................... — — 5 5 1
Other ............................................... — — 58 153 19
Total merger-related charges, pre-tax ...................... — — 201 351 89
Merger-related charges, net of tax ............................ — — 125 219 60
Goodwill impairment ...................................... — — 6,000 — —
Regulatory charge ......................................... 200 — — — —
Income from continuing operations, excluding merger, goodwill
impairment and regulatory charges (non-GAAP) .............. B $ (563) $(1,261) $ 514 $1,612 $1,433
Weighted-average diluted shares ............................. C 1,227 989 695 713 507
Earnings (loss) per common share—diluted (GAAP) ............. A/C $(0.62) $ (1.27) $ (8.09) $ 1.76 $ 2.67
Earnings per common share from continuing operations, excluding
merger, goodwill impairment and regulatory charges—diluted
(non-GAAP) ........................................... B/C $(0.46) $ (1.27) $ 0.74 $ 2.26 $ 2.83
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