01—Abstract
Summary
Summary of the 10-K/A filed February 19, 2015. Cited figures are marked; the original filing is the authoritative source.
This Form 10-K/A (Amendment No. 1) from Regions Financial Corporation amends its Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as originally filed on February 17, 2015.
The amendment is filed solely to correct a typographical error on the Form 10-K signatures page. The error was the inclusion of the name of John R. Roberts, a former board member who retired from the Board of Directors during 2014.
The corrected signatures page is provided as Exhibit 99.1. The filing states that it does not update any disclosures for developments since the Original Filing and does not amend or change the financial statements or disclosures in the Original Filing. It adds Section 302 certifications from the Chief Executive Officer and Chief Financial Officer as Exhibits 31.1 and 31.2.
The cover page reports an aggregate market value of common equity held by non-affiliates of $14,164,817,197a as of June 30, 2014, and 1,342,894,228 common shares outstanding as of February 9, 2015. The registrant's depositary shares for its 6.375% Non-Cumulative Perpetual Preferred Stock, Series A and 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B are listed on the New York Stock Exchange.
02—Key points
Key Highlights
- Amendment No. 1 on Form 10-K/A corrects a typographical error on the signatures page of the Original Filing, filed February 17, 2015.
- The error involved the inclusion of the name of former board member John R. Roberts, who retired from the Board of Directors during 2014.
- The filing states that no financial statements or disclosures in the Original Filing were amended, updated, or changed.
- Exhibit 99.1 contains the revised signatures page with the error corrected.
- New Section 302 certifications from the CEO and CFO are filed as Exhibits 31.1 and 31.2.
- Non-affiliate market value of common equity was $14,164,817,197 as of June 30, 2014.
- 1,342,894,228 shares of common stock were issued and outstanding as of February 9, 2015.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2014filed February 19, 2015Financial Statements
FY2014 against FY2013
| Line item | FY2014FY2013 | Change |
|---|---|---|
| Operating Income | $1.13B$1.10B | +2.7% |
| Interest Expense | $309.00M$384.00M | −19.5% |
| Net Income | $1.15B$1.09B | +5.1% |
| EPS (Basic) | $0.80$0.76 | +5.3% |
| EPS (Diluted) | $0.79$0.75 | +5.3% |
| Shares Outstanding (Basic) | 1.38B1.40B | −1.4% |
| Shares Outstanding (Diluted) | 1.39B1.41B | −1.6% |
05—Questions
Frequently Asked Questions
Does this amendment change Regions Financial's financial results or disclosures?
No. The filing states that the amendment does not update any disclosures for developments after the Original Filing and does not amend, update, or change the financial statements or disclosures in the Original Filing.
Why was this 10-K/A filed?
It was filed solely to correct a typographical error on the Form 10-K signatures page, which mistakenly included the name of John R. Roberts, a former board member who retired from the Board during 2014.
What is included in this amendment?
The amendment includes a corrected copy of the original signatures page as Exhibit 99.1, along with Section 302 certifications from the Chief Executive Officer and Chief Financial Officer as Exhibits 31.1 and 31.2.
How many common shares were outstanding and what was the non-affiliate market value?
The filing reports 1,342,894,228 common shares issued and outstanding as of February 9, 2015, and an aggregate market value of common equity held by non-affiliates of $14,164,817,197 as of June 30, 2014.
06—Continue