Regions Bank 2011 Annual Report Download - page 151

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, 2009 ....... 4 $3,307 691 $ 7 $16,815 $(1,869) $(1,425) $ (22) $16,813
Comprehensive income (loss):
Net income (loss) .................. — — — — — (1,031) — — (1,031)
Net change in unrealized gains and
losses on securities available for sale,
net of tax and reclassification
adjustment(1) .................... — — — — — — — 277 277
Net change in unrealized gains and
losses on derivative instruments, net
of tax and reclassification
adjustment(1) .................... — — — — — — — (133) (133)
Net change from defined benefit pension
plans, net of tax(1) ................ — — — — — — — 8 8
Comprehensive income (loss) ............. (879)
Cash dividends declared — $0.13 per
share .............................. — — — — — (105) — — (105)
Preferred dividends ..................... — — — — — (194) — — (194)
Preferred stock transactions:
Net proceeds from issuance of 287,500
shares of mandatorily convertible
preferred stock ................... — 278 — — — — — — 278
Discount accretion .................. — 36 — — — (36) — — —
Conversion of Series B shares ......... — (19) — — — — — — (19)
Common stock transactions:
Net proceeds from issuance of
460 million shares of common
stock .......................... — — 460 5 1,764 — — — 1,769
Issuance of 33 million shares of common
stock issued in connection with early
extinguishment of debt ............ — — 33 — 135 — — — 135
Conversion of Series B shares ......... — — 5 — 19 — — — 19
Impact of stock transactions under
compensation plans, net ........... — — 4 — 48 — 16 — 64
BALANCE AT DECEMBER 31, 2009 .... 4 3,602 1,193 12 18,781 (3,235) (1,409) 130 17,881
Comprehensive income (loss):
Net income (loss) .................. — — — — — (539) — — (539)
Net change in unrealized gains and
losses on securities available for sale,
net of tax and reclassification
adjustment(1) .................... — — — — — — — (194) (194)
Net change in unrealized gains and
losses on derivative instruments, net
of tax and reclassification
adjustment(1) .................... — — — — — — — (166) (166)
Net change from defined benefit pension
plans, net of tax(1) ................ — — — — — — — (30) (30)
Comprehensive income (loss) ............. (929)
Cash dividends declared — $0.04 per
share .............................. — — — — — (49) — — (49)
Preferred dividends ..................... — — — — 3 (187) — — (184)
Preferred stock transactions:
Conversion of mandatorily convertible
preferred stock into 63 million shares
of common stock ................. — (259) 63 1 258 — — — —
Discount accretion .................. — 37 — — — (37) — — —
Common stock transactions:
Impact of stock transactions under
compensation plans, net ........... — — — — 8 — 7 — 15
BALANCE AT DECEMBER 31, 2010 .... 4 $3,380 1,256 $ 13 $19,050 $(4,047) $(1,402) $(260) $16,734
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