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, 2011
Submission Date: February 12, 2012
Signatory: James E. Meigs, Executive Vice President
This filing discloses the equity securities held by Regions Bank at the end of the reporting period. It includes holdings managed for defined benefit plans and other accounts.
Key Financial Metrics
Note: As a Form 13F, this document reports portfolio holdings rather than the operating financial performance (revenue, profit, cash flow) of the reporting institution itself.
- Total Portfolio Value: $6,563,645 (as reported in the summary table)
- Total Number of Holdings: 1,865 entries
- Number of Included Managers: 1
- Top Holdings by Value (Selected):
- Exxon Mobil Corp: $192,874,000 (Defined) + $63,940,000 (Other)
- General Electric: $78,366,000 (Defined) + $19,866,000 (Other)
- Procter & Gamble Co: $77,848,000 (Defined) + $20,650,000 (Other)
- Johnson & Johnson: $85,836,000 (Defined) + $23,629,000 (Other)
- Regions Financial Corp (Self-Holding): $20,604,000 (Defined) + $14,169,000 (Other)
Material Changes
The filing text provided is a static snapshot of holdings as of December 31, 2011. It does not contain comparative data against the prior quarter or year, nor does it explicitly list purchases or sales activity. Therefore, material changes versus the prior comparable period cannot be determined from this document alone.
Guidance, Outlook, and Risks
Guidance and Outlook: Not applicable. Form 13F filings are historical disclosures of holdings and do not contain forward-looking guidance, management commentary, or earnings outlooks.
Risks and Contingencies: The filing does not discuss specific risks or contingencies. However, the portfolio composition indicates significant exposure to:
- Energy Sector: Large positions in Exxon Mobil, Chevron, ConocoPhillips, and Halliburton.
- Financial Sector: Significant holdings in J.P. Morgan Chase, Bank of America, Wells Fargo, and the reporting manager's own stock (Regions Financial).
- Technology Sector: Major positions in Microsoft, Oracle, Cisco Systems, and Intel.
Investor Verification Checklist
- Verify the total portfolio value ($6.56M) against the sum of individual line items to ensure data integrity, as the summary total appears significantly lower than the sum of the top holdings listed in the text (which exceed $100M individually).
- Confirm the distinction between "Defined" (likely defined benefit plans) and "Def/Oth" (defined contribution or other) voting authority.
- Review the self-holding in Regions Financial Corp to understand the bank's internal investment strategy regarding its own equity.
- Check subsequent filings (Q1 2012) to determine if the large energy and financial positions were maintained or adjusted.