Regions Financial Corporation (RF)

NYSE: RF · IEX Real-Time Price · USD
18.42
-0.06 (-0.32%)
At close: Feb 20, 2024, 4:00 PM
18.40
-0.02 (-0.11%)
After-hours: Feb 20, 2024, 7:49 PM EST
-0.32%
Market Cap 17.13B
Revenue (ttm) 7.26B
Net Income (ttm) 2.27B
Shares Out 930.07M
EPS (ttm) 2.40
PE Ratio 7.72
Forward PE 9.51
Dividend $0.96 (5.21%)
Ex-Dividend Date Feb 29, 2024
Volume 5,817,174
Open 18.32
Previous Close 18.48
Day's Range 18.26 - 18.61
52-Week Range 13.72 - 23.61
Beta 1.23
Analysts Buy
Price Target 20.06 (+8.9%)
Earnings Date Jan 19, 2024

About RF

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and ... [Read more]

Sector Financials
Founded 1970
Employees 20,073
Stock Exchange NYSE
Ticker Symbol RF
Full Company Profile

Financial Performance

In 2022, RF's revenue was $6.94 billion, a decrease of -0.26% compared to the previous year's $6.96 billion. Earnings were $2.15 billion, a decrease of -10.58%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for RF stock is "Buy." The 12-month stock price forecast is $20.06, which is an increase of 8.90% from the latest price.

Price Target
$20.06
(8.90% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Bill Rhodes Appointed to the Regions Financial Corp. and Regions Bank Boards of Directors

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. (NYSE:RF) on Wednesday announced former AutoZone President and CEO Bill Rhodes has been appointed to serve on the boards of Regions Financial...

6 days ago - Business Wire

Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Regions Financial Corporation (NYSE:RF) Board of Directors today declared the following cash dividends on its common shares, Series B preferred shares, Series D ...

6 days ago - Business Wire

Regions Financial Scheduled to Participate in 2024 RBC Capital Markets Global Financial Institutions Conference

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. (NYSE:RF) is scheduled to participate in the 2024 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 6, 2024. R...

11 days ago - Business Wire

Regions Financial Scheduled to Participate in Bank of America 2024 Financial Services Conference

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. announced the company is scheduled to participate in the upcoming Bank of America 2024 Financial Services Conference.

26 days ago - Business Wire

Regions Sees Soft Loan Demand Due to Cautious Customers

Regions Financial saw loan demand remain soft in the fourth quarter as customers continued to be cautious. Average and ending loans decreased “modestly” compared to the previous quarter, according to ...

4 weeks ago - PYMNTS

US banks warn costly deposits to weaken interest income in 2024

Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high deposit costs.

Other symbols: CMAFITBHBANSTT
4 weeks ago - Reuters

Regions Financial Corporation Declares Series C Preferred Stock Dividend

BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Regions Financial Corp. Board of Directors declared a cash dividend on Series C Preferred Stock.

5 weeks ago - Business Wire

Regions Financial to Announce Fourth Quarter and Full-Year 2023 Financial Results on Jan. 19, 2024

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. announced the company is scheduled to release its fourth quarter and full-year 2023 results on Friday, Jan. 19, 2024.

2 months ago - Business Wire

US bank stocks drop as Fed policymaker plays down rate-cut expectations

U.S. bank stocks fell on Friday after a U.S. Federal Reserve policymaker dashed market expectations of interest-rate cuts early next year but were still trading close to the level last seen before the...

Other symbols: KBEKEYTFCWAL
2 months ago - Reuters

Regions Financial downgraded to hold from buy at Odeon Capital

Odeon Capital analyst Richard Bove on Monday downgraded Regions Financial Cop. RF, +0.67% to hold from buy on his outlook for the bank's prospects headed into 2024.

3 months ago - Market Watch

JPMorgan's and PNC's mixed outlook on net interest income draws attention from analyst after industry gathering

Big U.S. banks have signaled that they expect net interest income to bottom out in the next few quarters as they keep an eye on whether the cost of consumer deposits will come down, a bank analyst sai...

Other symbols: BKFHNFITBGSJPMKEYMS
3 months ago - Market Watch

Regions Financial Scheduled to Participate in Upcoming Goldman Sachs Financial Services Conference

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. announced the company is scheduled to participate in the upcoming Goldman Sachs Financial Services Conference.

3 months ago - Business Wire

Regions Financial draws downgrade to neutral from buy at JPMorgan

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 thir...

4 months ago - Market Watch

Regions Bank Announces Ward Cheatham to Retire; Leadership Promotions Announced for Corporate Banking and Capital Markets

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. (NYSE:RF) on Thursday announced that, following a 34-year career in the financial services industry, Ward Cheatham will retire as head of Cor...

4 months ago - Business Wire

Higher-for-longer interest rates challenge banks as mixed Q3 earnings stack up

The higher-for-longer interest-rate environment weighed on banks during the quarter as one central theme this earnings season, banking-industry players told MarketWatch.

Other symbols: CMAHBANJPMKREXLFZION
4 months ago - Market Watch

Regions Financial Shares Sink as Results Miss Estimates, Squeezed by High Interest Rates

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 t...

4 months ago - Investopedia

Regions Financial Stock Slides After Earnings Miss

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

4 months ago - Barrons

Regions Financial misses profit, revenue and net interest income expectations, as deposits fall

Regions Financial Corp. RF, -0.36% reported third-quarter profit and revenue that missed expectations, as total loans increased but deposits fell and as the regional banking industry faced “economic a...

4 months ago - Market Watch

Strong balance sheet. Consistent, sustainable performance. Regions reports third quarter 2023 earnings of $465 million, earnings per diluted share of $0.49

Regions Financial Corp. (NYSE:RF) today reported earnings for the third quarter ended Sept. 30, 2023. The company reported third quarter net income available to common shareholders of $465 million and...

4 months ago - Business Wire

Challenges Loom for Regional Banks as Interest Rates Surge

First up are JPMorgan Chase & Co. NYSE: JPM, Wells Fargo Co. NYSE: WFC and Citigroup Inc. NYSE: C.  Those reports will likely offer hints as to whether the bigger financial institutions are seeing con...

Other symbols: CFGCMAMTBZIONKRE
4 months ago - MarketBeat

9 Safe High Yield Dividend Stocks To Buy For 2023

Over the long term, investing in good high yield dividend stocks remain one of the most effective ways to beat inflation. See our latest October 2023 picks.

4 months ago - Forbes

Regions Financial to Participate in BancAnalysts Association of Boston Conference

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. announced company executives will participate in the upcoming BancAnalysts Association of Boston Conference.

4 months ago - Business Wire

Regions Financial to Announce Third Quarter 2023 Financial Results on Oct. 20, 2023

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. announced the company is scheduled to release its third quarter 2023 financial results on Friday, Oct. 20, 2023.

5 months ago - Business Wire

Regions Financial Announces Matt Lusco to Retire, Russell Zusi to Serve as Chief Risk Officer

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Chief Risk Officer Matt Lusco will retire at the end of 2023 following a nearly 45-year career. Russell Zusi has been named as his successor.

5 months ago - Business Wire

Here's how much regional banks could lose under new liquidity rules

The U.S. Federal Reserve has warned regional banks about stricter liquidity requirements in a fresh regulatory push that will impact 2024 earnings of six affected banks, an analyst at J.P. Morgan said...

Other symbols: CFGFITBPNCTFCUSB
6 months ago - Market Watch