Regions Bank 2012 Annual Report Download - page 3

2012 was a transformative year for Regions.
To use a sports analogy, after being forced
to play defense for some time now, 2012
was the year when we began to play
offense. We made substantial investments
during the past 12 months to grow our
bank again, and we will accelerate those
efforts further in the year ahead. We are
focused on several initiatives that will
drive future growth, and I will address
those in more detail shortly, but first, let’s
review the achievements of the past year.
Most importantly, 2012 marked a return
to sustainable profitability for Regions.
Your company earned $1.1 billion from
continuing operations in 2012, or $0.76
per diluted share. Notably, our progress
was reflected in our stock price, with a
66% rebound ranking us among the best
performers of any bank in 2012.
Dear Fellow Shareholders,
For the past three years, the management team at Regions has
worked diligently to navigate through a difficult environment as
well as to strengthen and prepare the company for opportunities
post the financial crisis. This has required trust and patience
on the part of our shareholders, for whom I am very grateful.
Thanks to the efforts of the more than 23,000 associates at
Regions, I am pleased to report that we returned to profitability in
2012 and are moving forward from a better position of strength.
REGIONS 2012 ANNUAL REPORT
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