Regions Financial Corporation (RF)
| Previous close | 19.00 |
| Open | 18.95 |
| Bid | 0.00 x 1400 |
| Ask | 0.00 x 4000 |
| Day's range | 18.40 - 18.96 |
| 52-week range | 13.72 - 21.08 |
| Volume | |
| Avg. volume | 8,409,551 |
| Market cap | 17.34B |
| Beta (5Y monthly) | 1.21 |
| PE ratio (TTM) | 8.94 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.96 (5.05%) |
| Ex-dividend date | 03 Jun 2024 |
| 1y target est | N/A |
- Zacks
Regions Financial (RF) Reports Q1 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Regions Financial (RF) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- Reuters
WRAPUP 1-Wall St sees more pain ahead for US mid-sized lenders after Q1 profits decline
U.S. mid-sized banks' profits would remain under pressure for most of 2024, Wall Street analysts said, as higher deposit costs and muted loan growth drag their earnings. Regions Financial, Huntington Bancshares and Fifth Third Bancorp joined peers in reporting smaller first-quarter profits on Friday, due to a steep fall in their interest income. Net interest margin, a key measure of banking profitability that takes into account earnings from interest on loans and payments on deposits, also contracted across regional lenders for the second straight quarter.
- Reuters
Regions Financial Q1 profit falls on declining interest income
Regions Financial reported a near 42% fall in its quarterly profit on Friday as higher deposit and funding costs hurt its interest income from customers, joining a list of U.S. banks facing the same issue. The Birmingham, Alabama-headquartered bank's net income fell to $343 million, or 37 cents per share, in the three months ended March 31 from $588 million, or 62 cents per share, in the year-ago period. Regions Financial expects its Net Interest Income (NII)—the difference between what a bank earns on loans and pays out on deposits—to be in the range of $4.7 billion to $4.8 billion in 2024.
