Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34034 REGIONS FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 63-0589368 (State or other j ...

Regions Financial Corp. (NYSE:RF) on Wednesday announced former AutoZone President and CEO Bill Rhodes has been appointed to serve on the boards of Regions Financial Corp. and its subsidiary, Regions Bank. Rhodes’ term on the Regions boards will begin March 1, 2024. (Photo: Business Wire)Regions Financial Corp. (NYSE:RF) on Wednesday announced former AutoZone President and CEO Bill Rhodes has been appointed to serve on the boards of Regions Financial Corp. and its subsidiary, Regions Bank. Rhodes’ term on t ...

BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Regions Financial Corporation (NYSE:RF) Board of Directors today declared the following cash dividends on its common shares, Series B preferred shares, Series D preferred shares and Series E preferred shares: A cash dividend of $0.24 on each share of outstanding common stock of the Company, payable on April 1, 2024, to stockholders of record at the close of business on March 1, 2024. A cash dividend of $15.9375 per share of Series B Preferred Stock (equivalent to ...

SAN FRANCISCO--(BUSINESS WIRE)--Visa (NYSE:V), a global leader in digital payments, announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay, the world’s foremost provider of virtual payments technology, to revolutionize how businesses manage transactions globally. The innovation enables financial institutions to add virtual corporate cards into an employees’ digital wallet – including third-party wallets such as Ap ...

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Bank is the highest-rated bank in Forbes’ newest list of the top 300 U.S. companies for customer service – selected after a year-long survey of 201,000 people providing 4.2 million ratings of more than 3,000 brands. “ We believe the message is resonating: Regions is here to be more than just a bank; our focus is to truly help consumers and businesses chart a personalized path to financial confidence,” said Kristin Julbert, head of Consumer Strategy and Customer Ex ...

Regions Financial Corporation’s (RF) fourth-quarter 2023 adjusted earnings per share of 52 cents surpassed the Zacks Consensus Estimate of 48 cents. The bottom line declined from 67 cents reported in the prior-year quarter.The results have been aided by a rise in deposit balances. However, increasing expenses and a decline in net interest income (NII) and total loan balances affected the bottom line.Net income available to common shareholders was $367 million, down from $660 million reported a year ago.Earn ...

Regions Financial Corporation (NYSE:RF) Q4 2023 Earnings Conference Call January 19, 2024 10:00 AM ET Company Participants Dana Nolan - Investor Relations John Turner - President and Chief Executive Officer David Turner - Chief Financial Officer Conference Call Participants Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Manan Gosalia - Morgan Stanley Ryan Nash - Goldman Sachs John Pancari - Evercore ISI Dave Rochester - Compass Point Gerard Cassidy - RBC Brandon King - Truist Erika Najari ...

Exhibit 99.3 4th Quarter Earnings Conference Call 2023 Overview Continue to deliver consistent, sustainable long-term performance Highlights 4Q23 FY23 Key Performance Metrics Reported Adjusted(1) Reported Adjusted(1) • Record FY pre-tax pre-provision income(1) of $3.2B Net Income Available to Common Shareholders $367M $2.0B • ...

Regions Financial saw loan demand remain soft in the fourth quarter as customers continued to be cautious.Average and ending loans decreased “modestly” compared to the previous quarter, according to a presentation released Friday (Jan. 19) in conjunction with the bank’s quarterly earnings call.In the bank’s business portfolio, average business loans declined 1% quarter over quarter, according to the presentation.“We are seeing clients make long-term investments when they have to, but if they can defer, they ...

Core Insights - Regions Financial reported $1.81 billion in revenue for Q4 2023, a year-over-year decline of 9.5%, with EPS of $0.52 compared to $0.67 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $1.8 billion by 0.56%, and the EPS surpassed the consensus estimate of $0.48 by 8.33% [1] Financial Metrics Summary - Net interest margin (FTE) was 3.6%, matching the average estimate [2] - Efficiency Ratio stood at 65%, higher than the average estimate of 57.8% [2] - Average Balance of Total earning assets was $136.99 billion, below the estimated $138.24 billion [2] - Net charge-offs as a percentage of average loans were 0.5%, in line with the average estimate [2] - Common Equity Tier 1 ratio was 10.2%, slightly below the average estimate of 10.3% [2] - Non-performing loans totaled $808 million, exceeding the average estimate of $690.28 million [2] - Non-performing assets were $823 million, higher than the average estimate of $688.40 million [2] - Tier 1 Capital Ratio was 11.5%, matching the average estimate [2] - Total risk-based capital ratio was 13.3%, below the average estimate of 13.8% [2] - Leverage Ratio was 9.7%, slightly below the average estimate of 9.8% [2] - Total Non-Interest Income was $580 million, above the average estimate of $569.45 million [2] - Net Interest Income was $1.23 billion, in line with the average estimate [2] Stock Performance - Shares of Regions Financial have returned -6.2% over the past month, contrasting with the Zacks S&P 500 composite's +0.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]