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Regions Financial Corp (RF.N)

RF.N on New York Stock Exchange

14.59USD
14 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Regions Reports Q1 Earnings Per Share $0.37 From Continuing Operations
Thursday, 18 Apr 2019 

April 18 (Reuters) - Regions Financial Corp ::REGIONS REPORTS FIRST QUARTER 2019 EARNINGS FROM CONTINUING OPERATIONS OF $378 MILLION AND EARNINGS PER SHARE OF $0.37.Q1 EARNINGS PER SHARE $0.37 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE ESTIMATE $0.37 -- REFINITIV IBES DATA.Q1 REVENUE $1.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.46 BILLION.QTRLY AVERAGE LOANS AND LEASES INCREASED 2 PERCENT TO $83.7 BILLION FROM PRIOR QUARTER.IN QUARTER, REPORTED ANNUALIZED NET CHARGE-OFFS IMPROVED 4 BASIS POINTS TO 0.38 PERCENT OF AVERAGE LOANS.QTRLY NET INTEREST INCOME AND OTHER FINANCING INCOME $948 MILLION VERSUS $909 MILLION.QTRLY NET INTEREST MARGIN INCREASED 7 BASIS POINTS.  Full Article

Regions Financial Reports Q4 EPS Of $0.37 From Continuing Operations
Friday, 18 Jan 2019 

Jan 18 (Reuters) - Regions Financial Corp ::REGIONS REPORTS RECORD 2018 EARNINGS FROM CONTINUING OPERATIONS OF $1.5 BILLION, UP 28 PERCENT OVER THE PRIOR YEAR, AND STRONG EARNINGS PER SHARE OF $1.36, UP 39 PERCENT.Q4 EARNINGS PER SHARE $0.37 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE ESTIMATE $0.38 -- REFINITIV IBES DATA.Q4 REVENUE $1.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.48 BILLION.QTRLY ANNUALIZED NET CHARGE-OFFS INCREASED 15 BASIS POINTS COMPARED TO Q4 OF 2017.QTRLY AVERAGE LOANS AND LEASES INCREASED 1 PERCENT TO $81.9 BILLION FROM PRIOR QUARTER.QTRLY NET INTEREST MARGIN WAS 3.55 PERCENT, UP 5 BASIS POINTS COMPARED TO Q3 2018.QTRLY NET INTEREST INCOME AND OTHER FINANCING INCOME $958 MILLION VERSUS $901 MILLION.  Full Article

BB&T Insurance Holdings To Acquire Regions Insurance Group
Friday, 6 Apr 2018 

April 6 (Reuters) - BB&T Corp ::BB&T INSURANCE HOLDINGS TO ACQUIRE REGIONS INSURANCE GROUP.‍CAPITAL USED IN DEAL WILL IMPACT BB&T'S 2018 COMPREHENSIVE CAPITAL ANALYSIS AND REVIEW​.  Full Article

Regions Financial Agrees To Sell Insurance Business To BB&T Insurance Holdings
Friday, 6 Apr 2018 

April 6 (Reuters) - Regions Financial Corp ::REGIONS FINANCIAL AGREES TO SELL INSURANCE BUSINESS TO BB&T INSURANCE HOLDINGS.FINANCIAL DETAILS RELATED TO TRANSACTION WERE NOT DISCLOSED.TO SELL ITS REGIONS INSURANCE GROUP INC SUBSIDIARY TO BB&T INSURANCE HOLDINGS.CAPITAL GENERATED FROM DEAL AT TIME OF CLOSING EXPECTED TO BE USED TO REPURCHASE SHARES OF COMMON STOCK.  Full Article

Regions Financial Corp Says On Track To Meet Long-Term Financial Targets‍​
Monday, 12 Feb 2018 

Feb 12 (Reuters) - Regions Financial Corp ::REGIONS FINANCIAL CORP SAYS ON TRACK TO MEET LONG-TERM FINANCIAL TARGETS‍​- SEC FILING.REGIONS FINANCIAL CORP - SEES 2018 ADJUSTED ROATCE OF 14-16 PCT‍​.REGIONS FINANCIAL CORP SEES 2018 ADJUSTED NET INTEREST INCOME AND OTHER FINANCING INCOME (NON-FTE) GROWTH OF 3% - 5%.REGIONS FINANCIAL CORP - 2018 AVERAGE LOANS SEEN TO GROW IN LOW SINGLE DIGITS, EXCLUDING IMPACTS‍​.REGIONS FINANCIAL CORP - SEES 2018 NET CHARGE-OFFS OF 35-50 BPS.REGIONS FINANCIAL CORP SEES 2018 ADJUSTED OPERATING LEVERAGE OF APPROXIMATELY 3% - 5%.REGIONS FINANCIAL CORP - 2018 AVERAGE DEPOSITS SEEN TO GROW IN LOW SINGLE DIGITS, EXCLUDING BROKERED AND WEALTH INSTITUTIONAL SERVICES DEPOSITS ‍​.  Full Article

Wells fargo & ceo sloan 'today most millenial customers are not particularly profitable'
Tuesday, 7 Nov 2017 

Wells Fargo & Co :Ceo sloan: 'today most millenial customers are not particularly profitable'., wells fargo, other bank ceos say bank capital rules should be risk- rather than size-based.  Full Article

Regions reports Q3 earnings per share of $0.25
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Regions Financial Corp ::Regions reports third quarter 2017 earnings from continuing operations of $296 million and earnings per share of $0.25.Q3 earnings per share $0.25 from continuing operations.Q3 earnings per share view $0.25 -- Thomson Reuters I/B/E/S.Q3 revenue $1.44 billion versus I/B/E/S view $1.44 billion.Qtrly ‍average loans and leases totaled $79.6 billion, decrease of less than 1 percent from q2.Qtrly net interest income and other financing income on FTE basis $921​ million versus $856 million last year.Quarter-end fully phased-in pro-forma non-GAAP basel III common equity tier 1 ratio 11.2 percent versus 11.4 percent at q2-end.Qtrly ‍net interest margin increased 30 basis points​.Quarter-end tier 1 capital ratio 12.1 percent versus 12.3 percent at q2-end.Net charge-offs totaled $76 million during q3 compared to $68 million in previous quarter​.  Full Article

Regions Financial says cooperating with investigation by U.S. attorney’s office - SEC filing‍​
Friday, 4 Aug 2017 

Aug 4 (Reuters) - Regions Financial Corp ::Cooperating with investigation by United States attorney’s office for the eastern district of New York - SEC filing‍​.Investigation on co's banking relationship with former customer, accounts maintained by entities, individuals affiliated with customer.  Full Article

Regions Financial raises quarterly dividend to $0.09/shr
Thursday, 27 Jul 2017 

July 27 (Reuters) - Regions Financial Corp ::Regions Financial increases quarterly cash dividend approximately 29 percent to $0.09 per share; adopts proxy access by-law amendment.Regions Financial Corp - Regions Financial increases quarterly cash dividend approximately 29 percent to $0.09 per shar.  Full Article

Regions reports Q2 revenue $1.43 billion
Friday, 21 Jul 2017 

July 21 (Reuters) - Regions Financial Corp :Regions reports second quarter 2017 earnings from continuing operations of $301 million, up 18 percent over the prior year, and earnings per share of $0.25, up 25 percent.Q2 earnings per share $0.25 from continuing operations.Q2 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.Q2 revenue $1.43 billion.Regions Financial Corp - Qtrly ‍average loans and leases remained relatively stable at $80.1 billion​.Regions Financial Corp - Qtrly ‍net interest margin increased 17 basis points​.Regions Financial Corp - Quarter-end fully phased-in pro-forma non-GAAP basel iii common equity tier 1 ratio 11.3 ‍​ percent versus 10.8 percent last year.Regions Financial Corp - Qtrly net interest income and other financing income $882 ‍​ million versus $848 million last year.Regions Financial Corp - Quarter-end tier 1 capital ratio 12.2 ‍​ percent versus 11.7 percent last year.Qtrly net charge-offs decreased 1 basis points to 0.34 percent of average loans‍​.  Full Article

UPDATE 9-BB&T to buy SunTrust in biggest U.S. bank deal in a decade

Feb 7 A more permissive regulatory environment culminated on Thursday in the biggest bank merger since the 2007-2009 financial crisis, and more deals are likely, analysts and investors said.