Regions Financial is a regional bank holding company that provides a wide range of financial services to consumers and businesses across the southeastern United States
The company offers various banking products, including checking and savings accounts, loans, mortgages, and investment services. In addition to traditional banking services, Regions Financial also emphasizes wealth management, commercial banking, and treasury management solutions. With a commitment to community engagement and economic development, the bank strives to foster long-lasting relationships with its customers while supporting local initiatives and businesses.
Regions Financial Corp. (NYSERF) is scheduled to participate in the 2025 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 5, 2025.
U.S. stocks settled lower, as the S&P 500 recorded losses after hitting fresh records on Friday. All three major indices recorded their second consecutive positive week, with the S&P 500 and Nasdaq each gaining around 1.7% last week, while the Dow gained 2.2%.
The Regions Financial Corporation (NYSERF) Board of Directors today declared a cash dividend of $14.25 per share of Series C Preferred Stock outstanding (equivalent to approximately $0.35625 per depositary share), payable on Feb. 18, 2025, to stockholders of record at the close of business on Feb. 3, 2025.
Q4 earnings season officially kicked off this week, with 21 S&P 500 companies (mostly financials) reporting earnings. 14 companies beat estimates, 6 missed, and 1 tied. The average “surprise factor” was 6.4%.
Net interest income (NII), the difference between interest earned and expended, declined marginally to $1.23 billion. Net income rose 36.6% YoY to $534 million during the quarter.
Risk appetite surged on Wall Street at the end of the week, with investors ramping up stock purchases ahead of Monday's market closure for Martin Luther King Day, which is also when Donald Trump will be sworn in as the 47th U.S. president.
Regions Financial Corp. (NYSERF) today reported earnings for the fourth quarter and full-year ended Dec. 31, 2024. The company reported fourth quarter net income available to common shareholders of $508 million and diluted earnings per common share of $0.56. For the full-year 2024, the company reported net income available to common shareholders of $1.8 billion and diluted earnings per common share of $1.93. The company reported $1.8 billion in total revenue during the fourth quarter, including $777 million in reported pre-tax pre-provision income(1) and $816 million in adjusted pre-tax pre-provision income(1). Fourth quarter results were impacted by additional strategic securities repositioning and severance charges.
Regions Bank on Monday announced it has selected Axway, a data integration company, and its Amplify Open Banking solution, to deliver future open banking capabilities for Regions’ Consumer Banking, Corporate Banking and Wealth Management customers.
Morgan Stanley analyst Betsey Graseck said on Monday that the firm is Overweight on big banks following Donald Trump's win and the Republican sweep of the 2024 election.
Regions Financial Corp. (NYSERF) on Wednesday announced Roger W. Jenkins, director and CEO of Murphy Oil Corporation, has been appointed to serve on the boards of Regions Financial Corp. and its subsidiary, Regions Bank. Jenkins’ term on the Regions boards will begin Jan. 1, 2025.
The Regions Financial Corp. (NYSERF) Board of Directors on Tuesday authorized the extension of its previously announced common stock repurchase program through the fourth quarter of 2025. The repurchase program, initially announced on April 20, 2022, authorized the repurchase of up to $2.5 billion of the company’s common stock for the period including the second quarter of 2022 through the fourth quarter of 2024. As of Sept. 30, 2024, Regions had repurchased approximately 31 million shares of common stock at a total cost of $557 million under this plan.
