REGIONS FINANCIAL CORP

10-K & 10-Q Filings

Regions Financial Corporation is a Financial Holding Company (FHC) headquartered in Birmingham, Alabama. The company operates Regions Bank, an Alabama state-chartered commercial bank, and provides financial solutions for a wide range of clients including retail and mortgage banking services, commercial banking services, and wealth and investment services. Regions also offers merger and acquisition advisory services, capital markets solutions, home improvement lending, investment services, equipment financing, low income housing tax credit corporate fund syndication and asset management, financing to CRA-qualified customers, investments and insurance products, broker-dealer services to commercial clients, and other specialty capabilities. The company's total consolidated assets were approximately $152.2 billion, total consolidated deposits were approximately $127.8 billion, and total consolidated shareholders’ equity was approximately $17.4 billion as of December 31, 2023. Regions Bank operates 2,023 ATMs and 1,271 branch outlets primarily across the South, Midwest, and Texas. The company's website is www.regions.com and its ticker symbol is REG.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$1880.00
3087.00
3124.00
3210.00
3066.00
3136.00
3390.00
3506.00
3358.00
2564.00
4438.00
4515.00
4767.00
8.06%5.58%Net Interest Income (+)
$3410.00
3300.00
3262.00
3279.00
3307.00
3398.00
3540.00
3735.00
3745.00
171.00
1914.00
4786.00
5320.00
3.78%11.16%Interest Expense (-)
$842.00
603.00
384.00
309.00
296.00
416.00
448.00
658.00
447.00
368.00
167.00
316.00
1577.00
5.37%399.05%Non Interest Income (+)
$-1530.00
-213.00
-138.00
-69.00
-241.00
-262.00
-150.00
-229.00
-387.00
2393.00
2524.00
-271.00
-553.00
-104.06%Operating Expenses (-)
$3862.00
3526.00
3556.00
3432.00
3607.00
3617.00
3624.00
3570.00
3489.00
3643.00
3747.00
4068.00
4416.00
1.12%8.55%Operating Income/Loss (+)
$-1982.00
1324.00
-432.00
-222.00
-541.00
-481.00
-234.00
-64.00
-131.00
-1079.00
691.00
447.00
351.00
-21.48%Provision for Loan Loss (-)
$1530.00
213.00
138.00
69.00
241.00
262.00
150.00
229.00
387.00
1330.00
-524.00
271.00
553.00
-8.13%104.06%Non-operating Income/Expense (+)
$8.00
14.00
Earnings before Tax (+)
$161.00
1661.00
1587.00
1599.00
1530.00
1672.00
1871.00
1955.00
1985.00
1314.00
691.00
447.00
351.00
6.71%-21.48%Tax Expense (-)
$-28.00
482.00
452.00
457.00
455.00
514.00
614.00
387.00
403.00
220.00
694.00
631.00
533.00
-15.53%Income/Loss (Continuing Operations) (+)
$189.00
1179.00
1135.00
1142.00
1075.00
1158.00
1257.00
1568.00
1582.00
1094.00
-3.00
-184.00
-182.00
1.09%Income/Loss (Discontinued Operations) (+)
$-404.00
-59.00
-13.00
13.00
-13.00
5.00
6.00
191.00
Net Income/Loss (+)
$-215.00
1120.00
1122.00
1155.00
1062.00
1163.00
1263.00
1759.00
1582.00
1094.00
2521.00
2245.00
2074.00
-7.62%Net Income/Loss (Common) (+)
$-429.00
991.00
1090.00
1103.00
998.00
1099.00
1199.00
1695.00
1503.00
991.00
2400.00
2146.00
1976.00
-7.92%EPS (Basic)
$-0.34
0.72
0.78
0.80
0.75
0.87
1.01
1.55
1.51
1.03
2.51
2.29
2.11
-7.86%EPS (Diluted)
$-0.34
0.71
0.77
0.80
0.75
0.87
1.00
1.54
1.50
1.03
2.49
2.28
2.11
-7.46%Weighted Avg Shares (Basic)
1258.00
1381.00
1395.00
1375.00
1325.00
1255.00
1186.00
1092.00
995.00
959.00
956.00
935.00
936.00
-2.43%0.11%Weighted Avg Shares (Diluted)
1258.00
1387.00
1410.00
1387.00
1334.00
1261.00
1198.00
1102.00
999.00
962.00
963.00
942.00
938.00
-2.42%-0.42%Cash
$7245.00
5489.00
5273.00
4004.00
5314.00
5451.00
3981.00
3538.00
4114.00
17956.00
29411.00
11227.00
6801.00
-0.53%-39.42%Securities & Long-term Investments
$100695.00
100894.00
96105.00
99582.00
103466.00
103109.00
102977.00
106941.00
106377.00
111671.00
116103.00
95545.00
96803.00
-0.33%1.32%Property, Plant & Equipment (Net)
$2375.00
2279.00
2216.00
2193.00
2152.00
2096.00
2064.00
2045.00
1960.00
1897.00
1814.00
1718.00
1642.00
-3.03%-4.42%Goodwill & Intangibles
$5265.00
5161.00
5111.00
5091.00
5137.00
5125.00
5081.00
4944.00
4950.00
5312.00
6049.00
5982.00
5938.00
1.01%-0.74%Other Assets
$11470.00
7524.00
8691.00
8809.00
9981.00
10187.00
10191.00
8220.00
8839.00
10553.00
9561.00
40748.00
41010.00
11.20%0.64%Assets (Total)
$127050.00
121347.00
117396.00
119679.00
126050.00
125968.00
124294.00
125688.00
126240.00
147389.00
162938.00
155220.00
152194.00
1.52%-1.95%Deposits
$95627.00
95474.00
92453.00
94200.00
98430.00
99035.00
96889.00
94491.00
97475.00
122479.00
139072.00
131743.00
127788.00
2.45%-3.00%Debt (Current)
$3067.00
1574.00
2182.00
2253.00
10.00
500.00
1600.00
2050.00
Securities (Liabilities)
$2333.00
1449.00
2182.00
1753.00
Debt (Non-current)
$11177.00
7435.00
7012.00
5715.00
8359.00
7763.00
8632.00
14024.00
9929.00
3569.00
2407.00
2284.00
2330.00
-12.25%2.01%Other Liabilities
$
2407.00
2506.00
2081.00
483.00
491.00
3230.00
3133.00
5242.00
4583.00
-12.57%Liabilities (Total)
$110551.00
105848.00
101628.00
102690.00
109206.00
109304.00
108102.00
110598.00
109945.00
129278.00
144612.00
139269.00
134701.00
1.66%-3.28%Treasury Stock
$1397.00
1377.00
1377.00
1377.00
1377.00
1377.00
1377.00
1371.00
1371.00
1371.00
1371.00
1371.00
1371.00
-0.16%0.00%Retained Earnings
$-4527.00
-3338.00
-2216.00
-1061.00
-115.00
666.00
1628.00
2828.00
3751.00
3770.00
5550.00
7004.00
8186.00
16.88%AOCI
$-69.00
65.00
-319.00
-238.00
-380.00
-550.00
-749.00
-964.00
-90.00
1315.00
289.00
-3343.00
-2812.00
15.88%Shareholder's Equity
$16499.00
15499.00
15768.00
16989.00
16844.00
16664.00
16192.00
15090.00
16295.00
18111.00
18326.00
15951.00
17493.00
0.49%9.67%Liabilities & Equity
$127050.00
121347.00
117396.00
119679.00
126050.00
125968.00
124294.00
125688.00
126240.00
147389.00
162938.00
155220.00
152194.00
1.52%-1.95%Net Income/Loss
$-215.00
1120.00
1122.00
1155.00
1062.00
1163.00
1263.00
1759.00
1582.00
1094.00
2521.00
2245.00
2074.00
-7.62%Depreciation & Amortization
$482.00
717.00
645.00
523.00
523.00
574.00
537.00
462.00
426.00
421.00
371.00
353.00
236.00
-5.78%-33.14%Increase/Decrease in Working Capital
$-1995.00
-581.00
-1978.00
-533.00
181.00
-71.00
-471.00
-180.00
-266.00
298.00
-918.00
-262.00
511.00
295.04%Adjustments to Reconcile Net Income
$4968.00
1321.00
2677.00
941.00
510.00
791.00
1018.00
516.00
999.00
1230.00
509.00
857.00
234.00
-22.48%-72.70%Net Cash (Operating)
$4753.00
2441.00
3799.00
2096.00
1572.00
1954.00
2281.00
2275.00
2581.00
2324.00
3030.00
3102.00
2308.00
-5.84%-25.60%Capital Expenditure
$201.00
-675.00
186.00
242.00
369.00
205.00
150.00
-206.00
178.00
515.00
1273.00
90.00
186.00
-0.64%106.67%Net Cash (Investing)
$659.00
1007.00
-125.00
-3770.00
-6124.00
-631.00
-785.00
-3045.00
509.00
-4853.00
-2865.00
-12941.00
-1607.00
87.58%Increase/Decrease in Debt
$-4860.00
-2918.00
-3380.00
468.00
6841.00
36.00
-1252.00
3001.00
-1218.00
16734.00
12602.00
-7329.00
-3955.00
46.04%Increase/Decrease in Equity
$
-2580.00
-340.00
230.00
-623.00
-839.00
-1275.00
-2122.00
-1101.00
-967.00
-230.00
-252.00
-9.57%Dividends Paid
$226.00
58.00
170.00
299.00
368.00
381.00
410.00
516.00
656.00
698.00
716.00
762.00
885.00
12.05%16.14%Net Cash (Financing)
$-5086.00
-5204.00
-3890.00
405.00
5862.00
-1186.00
-2966.00
327.00
-2514.00
16371.00
11290.00
-8345.00
-5127.00
38.56%Increase/Decrease in Cash
$326.00
-1756.00
-216.00
-1269.00
1310.00
137.00
-1470.00
-443.00
576.00
13842.00
11455.00
-18184.00
-4426.00
75.66%Cash (Beginning)
$6919.00
7245.00
5489.00
5273.00
4004.00
5314.00
5451.00
3981.00
3538.00
4114.00
17956.00
29411.00
11227.00
4.12%-61.83%Cash (Ending)
$7245.00
5489.00
5273.00
4004.00
5314.00
5451.00
3981.00
3538.00
4114.00
17956.00
29411.00
11227.00
6801.00
-0.53%-39.42%NOPAT
$-1637.30
939.79
-308.96
-158.55
-380.11
-333.13
-157.21
-51.33
-104.40
-898.35
1385.00
1078.00
884.00
-18.00%Operating Margin %
-105.43%
42.89%
-13.83%
-6.92%
-17.65%
-15.34%
-6.90%
-1.83%
-3.90%
-42.08%
15.57%
9.90%
7.36%
NOPAT Margin %
-87.09%
30.44%
-9.89%
-4.94%
-12.40%
-10.62%
-4.64%
-1.46%
-3.11%
-35.04%
31.21%
23.88%
18.54%
Net Margin %
-11.44%
36.28%
35.92%
35.98%
34.64%
37.09%
37.26%
50.17%
47.11%
42.67%
56.80%
49.72%
43.51%
Tax Rate %
17.39%
29.02%
28.48%
28.58%
29.74%
30.74%
32.82%
19.80%
20.30%
16.74%
-100.43%
-141.16%
-151.85%
ROA
-1.29%
0.77%
-0.26%
-0.13%
-0.30%
-0.26%
-0.13%
-0.04%
-0.08%
-0.61%
0.85%
0.69%
0.58%
ROE
-9.92%
6.06%
-1.96%
-0.93%
-2.26%
-2.00%
-0.97%
-0.34%
-0.64%
-4.96%
7.56%
6.76%
5.05%
Equity Multiplier
7.70
7.83
7.45
7.04
7.48
7.56
7.68
8.33
7.75
8.14
8.89
9.73
8.70
Debt/Equity Ratio
6.66
6.74
6.45
6.01
6.34
6.41
6.55
7.30
6.72
6.96
7.72
8.40
7.44
Dividend Payout Ratio %
13.80%
6.17%
55.02%
188.58%
96.81%
114.37%
260.80%
1005.24%
628.33%
77.70%
51.70%
70.69%
100.11%
Total Payout
$226.00
2638.00
510.00
69.00
991.00
1220.00
1685.00
2638.00
1757.00
698.00
1683.00
992.00
1137.00
14.41%14.62%Payout Ratio %
13.80%
280.70%
165.07%
43.52%
260.71%
366.22%
1071.82%
5139.20%
1682.89%
77.70%
121.52%
92.02%
128.62%