Regions Financial Corporation (RF) is well-positioned for top-line growth, driven by decent 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.Region Financial’s Drivers of GrowthThe company has witnessed a steady growth in its loan balances, with a compound annual growth rate (CAGR) of 3.4% over the past five years (2018-2023). The company's st ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 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) (State or other jurisdiction of ...

Images By Tang Ming Tung Introduction Last April, I wrote an article on Regions Financial (NYSE:RF), a regional bank headquartered in Alabama with activities in Texas, the Midwest and the South. I argued the bank is pretty sizable with in excess of $150B in assets on the balance sheet and I particularly liked the relatively low exposure to commercial real estate. The bank recently issued a new series of preferred shares and I wanted to check if the recent turmoil on the financial markets created a good e ...

Regions Financial Corporation’s (RF) second-quarter 2024 adjusted earnings per share of 52 cents beating the Zacks Consensus Estimate of 49 cents. This compares unfavorably with earnings of 59 cents per share reported in the year-ago quarter.The results were adversely affected by a decline in net interest income (NII) and non-interest income. Nonetheless, a decrease in non-interest expenses and a fall in provisions offer some support. Also, RF’s strong capital position indicates its availability of adequate ...

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 ...

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 ...