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Regions Financial (RF) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.49 per share a year ago.
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corporation (NYSE:RF) today declared cash dividends on common shares, Series C, Series D, Series E and Series F preferred shares.
Does Regions Financial (RF) have what it takes to be a top stock pick for momentum investors? Let's find out.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Regions Financial (RF), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. announced the company is scheduled to release its third quarter 2024 financial results on Friday, Oct. 18, 2024.
RF's presence in strategic markets is likely to support its loan growth. However, a rising expense base due to technological development is a concern.
Regions Financial is a sizable regional bank with more than $150 billion in assets and low exposure to commercial real estate. The bank performed well in Q2, with net interest income increasing slightly and non-interest expenses decreasing significantly. Regions Financial recently issued new preferred shares with a fixed rate for the first five years and a reset based on the five-year US treasury rate plus a mark-up.
Regions Financial's (RF) second quarter 2024 results were aided by a decline in non-interest expenses and a rise in deposits. Yet a decline in NII and non-interest income were major spoilsports.
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.
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. And welcome to the Regions Financial Corporation's Quarterly Earnings Call.