SEC Filing Summary: Form 13F-HR
Business Context and Reporting Period
Reporting Manager: Regions Bank (acting as Institutional Investment Manager for Regions Financial Corp)
Filing Type: Form 13F Holdings Report
Reporting Period: Calendar Year Ended December 31, 2012
Filing Date: February 12, 2013
Scope: This report discloses equity securities held by the manager with sole or shared voting authority. It includes holdings for one other included manager (Regions Bank, File No. 085-00829).
Key Financial Metrics
Note: As a Form 13F, this filing reports portfolio holdings rather than the operating financial performance (revenue, profit, cash flow) of Regions Financial Corp itself.
- Total Portfolio Value: $6,668,640 (in thousands, representing approximately $6.67 billion)
- Total Number of Holdings: 1,702 entries
- Asset Classes: Primarily common stocks (SH), preferred stocks (PRN), and mutual funds/ETFs (MUT).
- Top Holdings by Value (Selected):
- Exxon Mobil Corp: ~$207.4 million
- Johnson & Johnson: ~$110.3 million
- Verizon Communications: ~$92.7 million
- Wells Fargo & Co: ~$73.7 million
- Regions Financial Corp (Self-Holding): ~$46.8 million
Material Changes vs. Prior Period
The filing text provided contains only the snapshot of holdings as of December 31, 2012. It does not include the prior quarter's data or a comparative table. Therefore, specific material changes in position size or new entries versus the prior comparable period cannot be determined from this document alone.
Guidance, Outlook, and Risks
Management Commentary: Not applicable. Form 13F is a regulatory disclosure of holdings and does not contain management discussion, financial guidance, or outlook.
Risks and Contingencies: Not applicable. This form does not disclose operational risks or legal contingencies.
Unusual Items: The portfolio includes significant holdings in Energy (Exxon, Chevron, ConocoPhillips), Financials (Wells Fargo, JPMorgan, Regions), and Technology (Microsoft, Intel, Cisco). The manager holds both "Defined" (Sole) and "Def/Oth" (Shared) voting authority across most positions.
Investor Verification Checklist
- Self-Holding: Verify the size of the bank's own stock position (Regions Financial Corp) relative to the total portfolio to assess internal confidence.
- Concentration Risk: Review the top 10 holdings to determine if the portfolio is heavily concentrated in specific sectors (e.g., Energy and Financials appear prominent).
- Voting Authority: Note the distinction between "Sole" and "Shared" voting authority, which may impact the manager's ability to influence corporate governance.
- Derivatives: Confirm if any "PRN" (Preferred) or "CON" (Convertible) entries represent significant exposure to interest rate or credit risk.
- Operational Data: For revenue, profit, and liquidity metrics of Regions Financial Corp, refer to the company's Form 10-K or 10-Q filings, as this 13F does not contain that data.