Regions Financial Corporation (RF)

Regions Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	7,023	6,944	6,962	4,957	5,474
Revenue Growth (YoY)	1.14%	-0.26%	40.45%	-9.44%	-0.92%
Gross Profit	7,023	6,944	6,962	4,957	5,474
Selling, General & Admin	2,705	2,618	2,508	2,413	2,237
Other Operating Expenses	1,711	1,450	1,239	1,230	1,252
Operating Expenses	4,416	4,068	3,747	3,643	3,489
Operating Income	2,607	2,876	3,215	1,314	1,985
Other Expense / Income	98	99	121	103	79
Pretax Income	2,509	2,777	3,094	1,211	1,906
Income Tax	533	631	694	220	403
Net Income	1,976	2,146	2,400	991	1,503
Net Income Growth	-7.92%	-10.58%	142.18%	-34.07%	-11.33%
Shares Outstanding (Basic)	936	935	956	959	995
Shares Outstanding (Diluted)	938	942	963	962	999
Shares Change	-0.42%	-2.18%	0.10%	-3.70%	-9.35%
EPS (Basic)	2.11	2.29	2.51	1.03	1.51
EPS (Diluted)	2.11	2.28	2.49	1.03	1.50
EPS Growth	-7.46%	-8.43%	141.75%	-31.33%	-2.60%
Free Cash Flow	2,122	3,012	2,939	2,190	2,403
Free Cash Flow Per Share	2.27	3.22	3.07	2.28	2.42
Dividend Per Share	0.880	0.740	0.650	0.620	0.590
Dividend Growth	18.92%	13.85%	4.84%	5.08%	28.26%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	37.12%	41.42%	46.18%	26.51%	36.26%
Profit Margin	28.14%	30.90%	34.47%	19.99%	27.46%
Free Cash Flow Margin	30.22%	43.38%	42.21%	44.18%	43.90%
Effective Tax Rate	21.24%	22.72%	22.43%	18.17%	21.14%
EBITDA	2,745	3,130	3,465	1,632	2,332
EBITDA Margin	39.09%	45.07%	49.77%	32.92%	42.60%
Depreciation & Amortization	236	353	371	421	426
EBIT	2,509	2,777	3,094	1,211	1,906
EBIT Margin	35.73%	39.99%	44.44%	24.43%	34.82%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).