Regions Financial(US:RF)2025-01-17 14:53Financial Performance - Net income available to common shareholders was $508 million for 4Q24 and $1774 million for FY24[3] - Total revenue reached $1815 million in 4Q24 and $7083 million for the full year 2024, with adjusted revenues of $1845 million and $7291 million respectively[3] - Non-interest expense was $1038 million for 4Q24 and $4242 million for FY24, with adjusted figures of $1029 million and $4227 million respectively[3] - Pre-tax pre-provision income was $777 million in 4Q24 and $2841 million in FY24, with adjusted figures of $816 million and $3064 million respectively[3] - The efficiency ratio was 568% for 4Q24 and 595% for FY24, with adjusted ratios of 554% and 576% respectively[3] - Net charge-offs as a percentage of average loans were 049% for both 4Q24 and FY24[3] Loan and Deposit Trends - Average loans and leases stood at $964 billion in 4Q24, slightly down from $970 billion in 3Q24[19] - Ending loans and leases were $967 billion in 4Q24, a slight decrease from $968 billion in 3Q24[21] - Average deposits increased to $1276 billion in 4Q24 from $1264 billion in 3Q24[26] - Ending deposits increased to $1265 billion in 4Q24 from $1260 billion in 3Q24[26] Net Interest Income (NII) and Margin - Net interest income (NII) was $1243 million in 4Q24, compared to $1230 million in 3Q24[30] - Net interest margin (NIM) increased by 1 basis point to 355% in 4Q24[30] - The company sold approximately $700 million of securities at a $30 million pre-tax loss and reinvested the proceeds at higher market yields[36] 2025 Expectations - Net interest income is expected to increase by 2-5% in 2025[38] - Adjusted non-interest income is projected to grow by 2-4% in FY25[44] - Adjusted non-interest expense is expected to increase by 1-3% in FY25, inclusive of investments[48] - Average loan balances are expected to increase by approximately 1% in 2025[23]