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 ...

Regions Financial (RF) reported $1.81 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 9.5%. EPS of $0.52 for the same period compares to $0.67 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.8 billion, representing a surprise of +0.56%. The company delivered an EPS surprise of +8.33%, with the consensus EPS estimate being $0.48.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Regions Financial (RF) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this holding company for Regions Bank would post earnings of $0.59 per share when it actually produced earnings of $0.49, delivering a surprise of -16.95%.Over the last fo ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. (NYSE:RF) today reported earnings for the fourth quarter and full-year ended Dec. 31, 2023. The company reported fourth quarter net income available to common shareholders of $367 million and earnings per diluted share of $0.39. Fourth quarter results include the industry-wide FDIC special assessment, increased severance-related charges, and a net provision expense associated with an unsecured consumer loan portfolio sale. For the full-year 2023, th ...