Form10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Table of Contents ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 (800) 734-4667 (Registrant's telephone number, including area code) | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, $.01 par value | RF | New York Stock Exchange | | Depositary Shares, each representin ...

Exhibit 99.3 1st Quarter Earnings Conference Call April 19th, 2024 First Quarter Overview Continue to deliver consistent, sustainable long-term performance 1Q24 Highlights Key Performance Metrics Reported Adjusted(1) • Consistently generating top-quartile returns in our peer group Net Income Available to ...

Eivaisla/iStock via Getty Images Introduction Regions Financial (NYSE:RF) is a regional bank headquartered in Alabama and operating in the Midwest, South and Texas. With a total of in excess of $150B in assets on the balance sheet, Regions Financial is a relatively large bank focusing on making commercial loans. The total exposure to commercial real estate remains relatively low and that should help improve the perception of the bank as investors are currently shying away from banks with a relatively hi ...

Two months after laying off 3% of its workforce, the Birmingham, Alabama-based Regions Bank posted disappointing Q1 earnings Friday (April 19).The southeastern regional’s results were driven by higher expenses despite the headcount reduction, FDIC assessments and an adjustment to its securities accounting.By the numbers, the bank showed solid liquidity and cautiously optimistic consumer metrics. It reported a Q1 2024 net income of $343 million, adjusted for increased FDIC special assessment accrual and seve ...

Financial Data and Key Metrics Changes - The company reported first quarter earnings of $343 million, resulting in earnings per share of $0.37, with adjusted items impacting results by approximately $0.07 [6] - Total revenue was $1.7 billion on a reported basis and $1.8 billion on an adjusted basis, indicating resilience in net interest income and fee revenue despite macroeconomic uncertainties [6] - Net interest income declined by approximately 4% linked quarter, with a net interest margin decrease of 5 basis points [10] Business Line Data and Key Metrics Changes - Average loans decreased modestly, with a 1% decline in the business portfolio, while average consumer loans remained stable [8] - Adjusted noninterest income increased by 6% during the quarter, driven by growth in capital markets, particularly in real estate and M&A activity [12] - Adjusted noninterest expense increased by 6% compared to the prior quarter, primarily due to seasonal HR-related expenses and operational losses [13] Market Data and Key Metrics Changes - The mix of deposits shifted from noninterest-bearing to interest-bearing products, with expectations of a low 30% noninterest-bearing mix by mid-2024 [9] - The company anticipates declines in overall deposit balances in the second quarter due to tax payments [8] - The company expects net interest income for 2024 to be between $4.7 billion and $4.8 billion, driven by the ability to reprice deposits [11] Company Strategy and Development Direction - The company is focused on executing its strategic plan, emphasizing soundness, profitability, and growth [7] - There is a commitment to managing expenses prudently while funding investments in the business, with expectations of operational losses around $100 million for the year [13] - The company is exploring opportunities for securities repositioning to optimize capital deployment [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the overall asset quality performing consistent with historical levels, despite some pressure in business lending [7] - The company anticipates that loan growth will be stable to down modestly compared to 2023, reflecting client selectivity and limited demand [8] - Management noted that the competitive landscape for deposits is not as strong due to muted loan growth across the industry [17] Other Important Information - The company ended the quarter with a common equity Tier 1 ratio of 10.3%, executing $102 million in share repurchases and $220 million in common dividends [16] - Adjusted net charge-offs increased by 11 basis points, primarily due to a legacy restaurant credit and a commercial manufacturing credit [14] - The company expects its full year 2024 net charge-off ratio to be between 40 and 50 basis points [15] Q&A Session Summary Question: Noninterest-bearing deposits outlook - Management expects noninterest-bearing deposits to remain in the low 30% range, with confidence in growing these balances through new accounts [17] Question: Loan growth outlook - Management indicated that loan growth is muted, with some industries performing well while others are cautious, and they do not need to push for loan growth in the current environment [23][24] Question: Operational losses - Management clarified that the increase in operational losses was due to warranty claims from deposits, but they expect to meet their operational loss target for the year [26][27] Question: Fee revenue trends - Fee revenue showed strong performance, particularly in treasury management and wealth management, while consumer fees declined due to changes in overdraft policies [60] Question: Credit quality and reserves - Management noted that nonperforming loans increased due to stress in specific industries, but they feel confident in their reserve position [38] Question: Securities repositioning - Management is open to further securities repositioning but will ensure it aligns with their capital deployment strategy [20][33]

Regions Financial Corporation’s (RF) first-quarter 2024 adjusted earnings per share of 44 cents missed the Zacks Consensus Estimate of 46 cents. This compares unfavorably with earnings of 62 cents per share reported in the year-ago quarter.The results were adversely affected by a decline in net interest income (NII) and a rise in expenses and provisions. Nonetheless, an improvement in non-interest income offers some support. Also, RF’s strong capital position indicates its availability of adequate capital t ...

Exhibit 99.2 Regions Financial Corporation and Subsidiaries Financial Supplement (unaudited) First Quarter 2024 Regions Financial Corporation and Subsidiaries Financial Supplement (unaudited) to First Quarter 2024 Earnings Release Table of Contents | | Page | | --- | --- | | Financial Highlights | 1 | | Selected Ratios and Other Information* | 2 | | Consolidated Balance Sheets | 3 | | Loans | 4 | | Deposits | 6 | | Consolidated Statements of Income | 8 | | Consolidated Average Daily Balances and Yield / Rat ...

Investors are always looking for stocks that are poised to beat at earnings season and Regions Financial Corporation (RF) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Regions Financialis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — i ...

In its upcoming report, Regions Financial (RF) is predicted by Wall Street analysts to post quarterly earnings of $0.46 per share, reflecting a decline of 25.8% compared to the same period last year. Revenues are forecasted to be $1.75 billion, representing a year-over-year decrease of 10.4%.The current level reflects a downward revision of 1.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initi ...

Peter Blottman Photography Regions Financial (NYSE:RF) stock remains a solid pick among regional banks due to its relatively low exposure to the Corporate Real Estate (CRE) sector, high profitability and high dividend yield. Regional banks remain undervalued due to fears about their exposure to commercial real estate, however, light can be seen at the end of the tunnel as the Fed is preparing to cut rates. We might be at the end of the current risk cycle as falling interest rate will reduce balance shee ...