Regions Financial saw average loans remain stable during the second quarter, with some signs that demand for business loans may pick up.Average balances for total loans were down 0.1% compared to the previous quarter and down 1.3% compared to the second quarter of 2023, the parent company of 1,250-location Regions Bank said in a Friday (July 19) earnings release.“Average and ending loans remain relatively stable on a sequential quarter basis,” David J. Turner, Jr., senior executive vice president and chief ...

Regions Financial Corporation (NYSE:RF) Q2 2024 Results Conference Call July 19, 2024 10:00 AM ET Company Participants Dana Nolan - EVP, IR John Turner - President and CEO David Turner - CFO Conference Call Participants Ryan Nash - Goldman Sachs Scott Siefers - Piper Sandler Ken Usdin - Jefferies Erika Najarian - UBS Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Chris Spahr - Wells Fargo Gerard Cassidy - RBC John Pancari - Evercore Betsy Graseck - Morgan Stanley Operator Good morning. An ...

Regions Financial Corporation’s (RF) second-quarter 2024 adjusted earnings per share of 52 cents beat the Zacks Consensus Estimate of 49 cents. This compares unfavorably with earnings of 59 cents reported in the year-ago quarter.Shares of the company dropped 1.5% in the pre-market trading. However, a full day’s trading session will depict a clearer picture.The results were adversely affected by a decline in net interest income (NII) and non-interest income and a rise in provisions. Nonetheless, a decline in ...

For the quarter ended June 2024, Regions Financial (RF) reported revenue of $1.73 billion, down 11.6% over the same period last year. EPS came in at $0.52, compared to $0.59 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.76 billion, representing a surprise of -1.56%. The company delivered an EPS surprise of +6.12%, with the consensus EPS estimate being $0.49.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

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 / Rate Analysis 10 Pre-Tax Pre-Provision Income ("PPI")* and ...

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 ...

Regions Financial Corporation (RF) is well-positioned for top-line growth, driven by robust loan balances. The company’s strong liquid profile will continue to support its capital distribution activities. However, pressure on mortgage income due to high rates and elevated expenses remain near-term concerns.Regions Financial’s presence in strategic markets with strong economic and business trends supports its organic growth.The bank has witnessed a steady growth in its loan balances over the past few years. ...

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 ...