Regions Financial Corporation (RF)
Market Cap | 17.51B |
Revenue (ttm) | 7.02B |
Net Income (ttm) | 1.98B |
Shares Out | 918.86M |
EPS (ttm) | 2.11 |
PE Ratio | 9.09 |
Forward PE | 9.46 |
Dividend | $0.96 (5.01%) |
Ex-Dividend Date | Feb 29, 2024 |
Volume | 3,765,877 |
Open | 19.26 |
Previous Close | 19.05 |
Day's Range | 18.99 - 19.36 |
52-Week Range | 13.72 - 21.02 |
Beta | 1.21 |
Analysts | Buy |
Price Target | 20.17 (+5.16%) |
Earnings Date | Apr 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]
Financial Performance
In 2023, RF's revenue was $7.02 billion, an increase of 1.14% compared to the previous year's $6.94 billion. Earnings were $1.98 billion, a decrease of -7.92%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for RF stock is "Buy." The 12-month stock price forecast is $20.17, which is an increase of 5.16% from the latest price.
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...
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 ...
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...
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.
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 ...
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.
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.
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.
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...
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.
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...
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.
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...
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...
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.
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...
Regions Financial Stock Slides After Earnings Miss
The regional bank posts third-quarter revenue and net interest income below expectations.
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...
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...
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.
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.
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.
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...
Regions Financial Provides Quarterly Earnings Release Dates for 2024
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. announced the dates on which the company plans to issue its quarterly earnings results in 2024.