Core Insights - Regions Financial reported revenue of $1.73 billion for the quarter ended June 2024, a decrease of 11.6% year-over-year, with EPS at $0.52 compared to $0.59 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $1.76 billion, resulting in a surprise of -1.56%, while the EPS exceeded expectations by 6.12% against a consensus estimate of $0.49 [1] Financial Performance Metrics - Net interest margin (FTE) was reported at 3.5%, matching the average estimate from eight analysts [2] - Efficiency Ratio stood at 57.6%, slightly better than the average estimate of 58.1% [2] - Average balance of total earning assets was $137.07 billion, exceeding the seven-analyst average estimate of $136.32 billion [2] - Common Equity Tier 1 ratio was 10.4%, in line with the average estimate from six analysts [2] - Net charge-offs as a percentage of average loans were 0.4%, better than the estimated 0.5% [2] - Non-performing assets totaled $862 million, significantly lower than the estimated $971.89 million [2] - Non-performing loans, including loans held for sale, were $847 million, compared to the average estimate of $962.46 million [2] - Leverage Ratio was reported at 9.8%, slightly below the average estimate of 9.9% [2] - Total risk-based capital ratio was 13.6%, compared to the average estimate of 13.8% [2] - Tier 1 Capital Ratio was 11.7%, matching the average estimate [2] - Total Non-Interest Income was $545 million, below the average estimate of $596.23 million [2] - Net Interest Income was $1.19 billion, slightly above the average estimate of $1.17 billion [2] Stock Performance - Shares of Regions Financial have increased by 16.8% over the past month, outperforming the Zacks S&P 500 composite, which saw a change of +1.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Regions Financial (RF) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.12%. A quarter ago, it was expected that this holding company for Regions Bank would post earnings of $0.46 per share when it actually produced earnings of $0.44, delivering a surprise of -4.35%.Over the last fou ...

Exhibit 99.2 Regions Financial Corporation and Subsidiaries Financial Supplement (unaudited) Second Quarter 2024 Regions Financial Corporation and Subsidiaries Financial Supplement (unaudited) to Second 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 / R ...

Regions Financial Corporation (RF) is scheduled to report second-quarter 2024 results on Jul 19, before the opening bell. The bank’s earnings and revenues in the to-be-reported quarter are expected to have declined from the year-ago reported figures.This Birmingham, AL-based player’s first-quarter 2024 earnings missed the Zacks Consensus Estimate due to a rise in expenses and a decline in net interest income (NII). Nonetheless, a rise in non-interest income supported results to some extent.Regions Financial ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Regions Financial (RF) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 19. On ...

Core Viewpoint - Regions Financial Corporation is positioned for growth due to strong loan balances, but faces challenges from high mortgage rates and rising expenses [1][4]. Group 1: Financial Performance - The company has seen improvements in net interest income and net interest margin, driven by solid loan balances and high interest rates [2]. - As of March 31, 2024, Regions Financial had long-term borrowings of $3.33 billion and liquidity sources totaling $40.7 billion, indicating a robust liquidity position that supports sustainable capital deployment [3]. - The bank's mortgage income has been declining due to lower production and sales, impacted by high market interest rates and reduced affordability in the housing market [4]. Group 2: Capital Distribution and Shareholder Value - Regions Financial announced a 20% increase in its quarterly common stock dividend to 24 cents per share in July 2023 [2]. - The company has a share repurchase program of up to $2.5 billion, with $2.13 billion remaining available as of March 31, 2024 [2]. Group 3: Strategic Initiatives - The bank is investing in talent and technology, introducing digital platforms and redesigned mobile apps to enhance user engagement [3]. - Digital sales increased by 17% and mobile banking active users rose by 16% from March 31, 2022, to March 31, 2024 [3]. Group 4: Expense Management - Regions Financial is experiencing rising expenses due to increased salaries, employee benefits, and other costs, despite efforts to manage expenses [4].

Regions Financial Corporation’s (RF) subsidiary, Regions Bank, has launched Regions CashFlowIQ in collaboration with BILL Holdings, Inc. (BILL) . CashFlowIQ is a digital solution intended to make payments easier and simplify cash-management procedures for its commercial clients.BILL is a leading financial operations platform that caters to small and midsize businesses. Its integrated platform allows businesses to control their payables, receivables, and spend and expense management efficiently.Powered by BI ...

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 ...