Regions Bank 2011 Annual Report Download - page 96

NON-INTEREST EXPENSE
The following section contains a discussion of non-interest expense from continuing operations. The largest
components of non-interest expense are salaries and employee benefits, net occupancy expense and furniture and
equipment expense. Non-interest expense in 2011 totaled $3.9 billion and included a goodwill impairment charge
of $253 million. In 2010, non-interest expense totaled $3.9 billion and included a $75 million regulatory charge.
Non-interest expense excluding the goodwill impairment and regulatory charges (non-GAAP) decreased $175
million, or 5 percent, to $3.6 billion in 2011. Table 6 “Non-Interest Expense from Continuing Operations
(including Non-GAAP reconciliation)” presents major non-interest expense components, both including and
excluding the regulatory charge and goodwill impairment, for the years ended December 31, 2011, 2010 and
2009. Management believes the inclusion of non-GAAP financial measures in Table 6 is useful in the evaluation
of trends in non-interest expense. See the text preceding Table 2 “GAAP to Non-GAAP Reconciliation” for
further discussion of non-GAAP financial measures.
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