Regions Financial (RF) to Manage Deposit Costs to Support NII

Regions Financial Corporation (RF) at Bank of America 2024 Financial Services Conference reiterated its net interest income (NII) guidance for the current year. It continues expecting NII to decline to $4.7-$4.8 billion from $5.32 billion in 2023.The bank also mentioned that to achieve the same, the company would have to manage its deposit costs well while keeping it quite competitive.Management is expecting Federal Reserve to implement four rate cuts this year, the first one being around May-June. Such rat ...