RF Stock Recent News

Regions Financial (RF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Regions Financial's (RF) NII growth will be supported by loan growth and high rates. Yet, escalating expenses and pressure on mortgage income remain woes.

Regions Financial Corp.'s stock RF, +2.63% was down by 0.9% in premarket trading on Friday after JPMorgan Chase analyst Vivek Juneja downgraded the bank to neutral from overweight on the heels of third-quarter earnings and cut its target price to $16.50 from $19. JPMorgan also removed Regions Financial from its analyst focus list.

Regions Financial performed well in 2022 with relatively modest unrealized capital losses and strong deposit flow. The banking sector faced challenges with deposit outflows and liquidity issues, causing capital losses for many banks, causing a crisis this spring. Regions Financial's net interest income is now continuing to come down as interest rates are hiked to avoid deposit outflows, causing continued uncertainty.

Regions Financial (RF) Corp. shares plummeted over 12% on Friday to their lowest level in almost three years after the regional bank posted worse-than-expected financial results as it struggled with the effects of high interest rates.

Regions missed earnings expectations due to higher funding costs, including deposits. The bank's net interest income dropped from the previous quarter and is expected to fall further in the last three months of 2023.

Regions Financial Corp shares slipped 11% to $14.73 in midday trading on Friday after the US regional bank reported third-quarter 2023 financial results that fell short of analyst expectations, as its total loans increased but deposits dropped.   The company saw its 3Q earnings per share (EPS) improve 15% to $0.49, while its total revenue eased 0.5% to $1.858 billion.

Higher NII on the back of decent loan demand and rising rates support Regions Financial's (RF) Q3 earnings amid increased provisions and higher expenses.

Regions Financial (RF) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.56 per share a year ago.

The regional bank posts third-quarter revenue and net interest income below expectations.