Regions Financial Corporation (RF)

Regions Financial Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	5,810	5,773	4,124	3,489	3,638	3,883
Interest Income on Investments	1,247	1,124	978	592	624	713
Total Interest Income	7,057	6,897	5,102	4,081	4,262	4,596
Interest Paid on Deposits	1,953	1,255	197	64	180	447
Interest Paid on Borrowings	285	322	119	103	188	404
Total Interest Expense	2,238	1,577	316	167	368	851
Net Interest Income	4,819	5,320	4,786	3,914	3,894	3,745
Net Interest Income Growth (YoY)	-12.22%	11.16%	22.28%	0.51%	3.98%	0.27%
Trust Income	330	313	297	278	253	243
Mortgage Banking Activities	142	109	156	242	333	163
Gain (Loss) on Sale of Investments	-180	-5	-1	6	54	-28
Other Non-Interest Income	1,367	1,245	1,285	1,348	1,130	1,008
Total Non-Interest Income	2,259	2,254	2,378	2,522	2,391	2,115
Non-Interest Income Growth (YoY)	1.53%	-5.21%	-5.71%	5.48%	13.05%	5.17%
Revenues Before Loan Losses	7,078	7,574	7,164	6,436	6,285	5,860
Provision for Loan Losses	522	553	271	-524	1,330	387
Revenue	6,556	7,021	6,893	6,960	4,955	5,473
Revenue Growth (YoY)	-9.01%	1.86%	-0.96%	40.46%	-9.46%	-0.80%
Salaries and Employee Benefits	2,411	2,324	2,258	2,142	2,016	1,860
Occupancy Expenses	197	204	214	216	228	321
Selling, General & Administrative	663	668	640	615	580	473
Other Non-Interest Expense	950	1,067	774	728	646	789
Total Non-Interest Expense	4,221	4,263	3,886	3,701	3,470	3,443
EBT Excluding Unusual Items	2,335	2,758	3,007	3,259	1,485	2,030
Other Unusual Items	-131	-113	-178	-18	-20	-15
Pretax Income	2,168	2,607	2,876	3,215	1,314	1,985
Income Tax Expense	418	533	631	694	220	403
Earnings From Continuing Operations	1,750	2,074	2,245	2,521	1,094	1,582
Net Income	1,750	2,074	2,245	2,521	1,094	1,582
Preferred Dividends & Other Adjustments	117	98	99	121	103	79
Net Income to Common	1,633	1,976	2,146	2,400	991	1,503
Net Income Growth	-26.10%	-7.62%	-10.95%	130.44%	-30.85%	-10.06%
Basic Shares Outstanding	920	936	935	956	959	995
Diluted Shares Outstanding	922	938	942	963	962	999
Shares Change (YoY)	-1.94%	-0.42%	-2.18%	0.10%	-3.70%	-9.35%
EPS (Basic)	1.77	2.11	2.30	2.51	1.03	1.51
EPS (Diluted)	1.77	2.11	2.28	2.49	1.03	1.50
EPS Growth	-26.37%	-7.46%	-8.43%	141.75%	-31.33%	-2.17%
Dividend Per Share	0.970	0.880	0.740	0.650	0.620	0.590
Dividend Growth	15.48%	18.92%	13.85%	4.84%	5.08%	28.26%
Effective Tax Rate	19.28%	20.44%	21.94%	21.59%	16.74%	20.30%

Source: S&P Capital IQ. Banks template. Financial Sources.