Regions Bank 2012 Annual Report Download - page 57

PART II
Item 5. Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Regions’ common stock, par value $.01 per share, is listed for trading on the New York Stock Exchange
under the symbol RF. Quarterly high and low sales prices of and cash dividends declared on Regions’ common
stock are set forth in Table 31 “Quarterly Results of Operations” of “Management’s Discussion and Analysis”,
which is included in Item 7. of this Annual Report on Form 10-K. As of February 15, 2013, there were 67,117
holders of record of Regions’ common stock (including participants in the Computershare Investment Plan for
Regions Financial Corporation).
Restrictions on the ability of Regions Bank to transfer funds to Regions at December 31, 2012, are set forth
in Note 13 “Regulatory Capital Requirements and Restrictions” to the consolidated financial statements, which
are included in Item 8. of this Annual Report on Form 10-K. A discussion of certain limitations on the ability of
Regions Bank to pay dividends to Regions and the ability of Regions to pay dividends on its common stock is set
forth in Item 1. “Business” under the heading “Supervision and Regulation—Payment of Dividends” of this
Annual Report on Form 10-K.
The following table presents information regarding issuer purchases of equity securities during the fourth
quarter of 2012.
Issuer Purchases of Equity Securities
Period
Total Number
of Shares
Purchased
Average
Price
Paid per
Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Maximum Number
of Shares that May
Yet Be Purchased
Under the Plans or
Programs
October 1—31, 2012 ....................... — — — 23,072,300
November 1—30, 2012 ..................... — — — 23,072,300
December 1—31, 2012 ...................... — — — 23,072,300
Total ................................ — — — 23,072,300
On January 18, 2007, Regions’ Board of Directors authorized the repurchase of 50 million shares of
Regions’ common stock through open market or privately negotiated transactions and announced the
authorization of this repurchase. As indicated in the table above, approximately 23.1 million shares remain
available for repurchase under the existing plan.
Restrictions on Dividends and Repurchase of Stock
Holders of Regions common stock are only entitled to receive such dividends as Regions’ Board of
Directors may declare out of funds legally available for such payments. Furthermore, holders of Regions
common stock are subject to the prior dividend rights of any holders of Regions preferred stock then outstanding.
Regions understands the importance of returning capital to shareholders. Management will continue to
execute the capital planning process, including evaluation of the amount of the common dividend, with the Board
of Directors and in conjunction with the regulatory supervisors, subject to the Company’s results of operations.
Also, Regions is a bank holding company, and its ability to declare and pay dividends is dependent on certain
federal regulatory considerations, including the guidelines of the Federal Reserve regarding capital adequacy and
dividends.
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