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 acquisition, and other advisory services. It serves corporate, middle market, and commercial real estate developers and investors. The Consumer Bank segment provides consumer banking products and services related to residential first mortgages, home equity lines and loans, branch small business and indirect loans, consumer credit cards, and other consumer loans, as well as deposits. The Wealth Management segment offers credit related products, and retirement and savings solutions; and trust and investment management, asset management, and estate planning services to individuals, businesses, governmental institutions, and non-profit entities. The company also provides investment and insurance products; low income housing tax credit corporate fund syndication services; and other specialty financing services. As of February 25, 2021, it operated 1,300 banking offices and 2,000 automated teller machines across the South, Midwest and Texas. Regions Financial Corporation was founded in 1970 and is headquartered in Birmingham, Alabama.
IPO Year:
Exchange: NYSE
Website: regions.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2024 | $27.00 → $28.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 10/29/2024 | $26.00 | Equal-Weight → Overweight | Stephens |
| 10/24/2024 | $26.00 | Hold → Buy | Argus |
| 10/24/2024 | $24.00 → $26.00 | Hold → Buy | Deutsche Bank |
| 9/24/2024 | $23.00 → $28.00 | Neutral → Outperform | Wedbush |
| 3/18/2024 | $20.00 → $23.00 | Neutral → Buy | Citigroup |
| 1/23/2024 | Buy → Hold | Argus | |
| 1/9/2024 | $15.00 → $22.00 | Hold → Buy | Jefferies |
| 1/3/2024 | $16.50 → $21.00 | Outperform → In-line | Evercore ISI |
| 1/2/2024 | $20.00 → $22.00 | Equal Weight → Underweight | Barclays |
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Keefe Bruyette upgraded Regions Fincl from Mkt Perform to Outperform and set a new price target of $28.00 from $27.00 previously
Stephens upgraded Regions Fincl from Equal-Weight to Overweight and set a new price target of $26.00
Argus upgraded Regions Fincl from Hold to Buy and set a new price target of $26.00
Deutsche Bank upgraded Regions Fincl from Hold to Buy and set a new price target of $26.00 from $24.00 previously
Wedbush upgraded Regions Fincl from Neutral to Outperform and set a new price target of $28.00 from $23.00 previously
Citigroup upgraded Regions Fincl from Neutral to Buy and set a new price target of $23.00 from $20.00 previously
Argus downgraded Regions Fincl from Buy to Hold
Jefferies upgraded Regions Fincl from Hold to Buy and set a new price target of $22.00 from $15.00 previously
Evercore ISI downgraded Regions Fincl from Outperform to In-line and set a new price target of $21.00 from $16.50 previously
Barclays downgraded Regions Fincl from Equal Weight to Underweight and set a new price target of $22.00 from $20.00 previously
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Simpson will focus on delivering holistic financial solutions and expanding access to affordable housing opportunities for people across the Southeast. Regions Bank on Wednesday announced Chase Simpson has been named vice president and relationship manager in the Regions Affordable Housing division. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120024122/en/Regions Bank is announcing Chase Simpson has been named vice president and relationship manager in the Regions Affordable Housing division. (Photo: Business Wire) In this role, Simpson will manage, source, and lead origination efforts for affordable housing opportunitie
Recognition highlights the bank's steadfast commitment to advancing career opportunities for veterans, service members and military spouses. Regions Bank on Tuesday announced it has been designated as a 2025 Military Friendly® Employer by Military Friendly, an organization that measures the commitment of companies to support the military community. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241108448584/en/Headquartered in Birmingham, Ala., Regions Bank operates retail-banking branches across the Southeast, Texas and portions of the Midwest. (Photo: Business Wire) Regions Bank is designated among Silver 2025 Military Friendl
Comments will be available through a live webcast. Regions Financial Corporation (NYSE:RF) on Tuesday announced the company is scheduled to participate in the Goldman Sachs Financial Services Conference on Wednesday, Dec. 11, 2024. Regions executives are expected to deliver remarks beginning at approximately 10:40 a.m. ET on that date. Comments will be accessible via a live webcast on Regions' Investor Relations website at ir.regions.com. A replay will also be made available following the event. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), with $157 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service provide
Regions Bank today announced it is reducing the Regions prime lending rate to 7.75% from 8.00%, effective Friday, Nov. 8, 2024. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), with $157 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full
Hand brings 30-plus years of industry experience to regional executive role. Regions Bank on Tuesday announced Ray Hand has joined the bank to serve as Private Wealth Management regional executive for Florida. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029342017/en/Ray Hand (Photo: Business Wire) Hand will lead teams of Regions Private Wealth Management associates across Florida providing wealth planning and insights, financial guidance and custom-tailored investment services. Regions advisors serve markets across Florida including Miami-Dade, Fort Lauderdale, West Palm Beach, Orlando, the Tampa Bay area, Jacksonville, Fo
The firms' collaboration achieved significant success since inception in 2013 and is renewed to continue delivering industry-leading results SAN DIEGO, Oct. 23, 2024 /PRNewswire/ -- Cetera Financial Group (Cetera), the premier financial advisor Wealth Hub, announced today that Regions Bank has renewed its networking agreement with Cetera Financial Institutions, which supports the investment programs of over 450 banks and credit unions. "We are pleased to renew our meaningful collaboration with Regions Bank and look forward to working together and taking our growth of Regions I
Strategic execution of Regions' long-term plan leads to solid core performance, quarterly revenue growth. Regions Financial Corp. (NYSE:RF) today reported earnings for the third quarter ended September 30, 2024. The company reported third quarter net income available to common shareholders of $446 million and earnings per diluted share of $0.49. The company reported $1.8 billion in total revenue during the quarter, including $721 million in reported pre-tax pre-provision income(1) and $799 million in adjusted pre-tax pre-provision income(1). Third quarter results were impacted by the following notable items: the impact of additional strategic securities repositioning and issuance costs ass
Dividends on common stock to be payable Jan. 2, 2025; dividends on preferred stock to be payable in November and December 2024. The Regions Financial Corporation (NYSE:RF) Board of Directors today declared the following cash dividends on its common shares, Series C preferred shares, Series D preferred shares, Series E preferred shares and Series F preferred shares: A cash dividend of $0.25 on each share of outstanding common stock of the Company, payable on Jan. 2, 2025, to stockholders of record at the close of business on Dec. 2, 2024. A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on Nov. 15, 2024,
Regions Bank today announced it is reducing the Regions prime lending rate to 8.00% from 8.50%, effective Thursday, Sept. 19, 2024. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), with $154 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its f
Results to be issued pre-market open; executives to review results via webcast at 10 a.m. ET. Regions Financial Corp. (NYSE:RF) is scheduled to release its third quarter 2024 financial results on Friday, Oct. 18, 2024. Information will be accessible in the following formats: A news release and additional materials will be made available on Regions' Investor Relations website at ir.regions.com prior to market open on Oct. 18. Also on Oct. 18, Regions executives will discuss the results via a live audio webcast beginning at 10 a.m. ET. The webcast will be accessible through ir.regions.com and will include an associated slide presentation to be reviewed by company executives. An arch
Simpson will focus on delivering holistic financial solutions and expanding access to affordable housing opportunities for people across the Southeast. Regions Bank on Wednesday announced Chase Simpson has been named vice president and relationship manager in the Regions Affordable Housing division. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120024122/en/Regions Bank is announcing Chase Simpson has been named vice president and relationship manager in the Regions Affordable Housing division. (Photo: Business Wire) In this role, Simpson will manage, source, and lead origination efforts for affordable housing opportunitie
Experienced Corporate Banking Group team positioned to build on Regions' legacy of customized services for business clients. Regions Bank on Tuesday announced Ronnie Smith, head of the company's Corporate Banking Group, will retire at the end of the year following more than four decades of service to Regions and its predecessor banks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240813615736/en/When he retires at the end of the year, Ronnie Smith, left, head of Regions' Corporate Banking Group, will be succeeded by Brian Willman, center, who currently serves as head of Commercial Banking for the company. Nikki Stephenson, ri
Johnston brings over 10 years of industry experience to help clients expand access to affordable housing opportunities. Regions Bank on Tuesday announced Allison Johnston has joined the Regions Affordable Housing division as vice president and relationship manager. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240709727500/en/Regions Bank is announcing Allison Johnston has joined the Regions Affordable Housing division as vice president and relationship manager. She will lead the origination of affordable housing opportunities in key Southeastern growth markets, including cities across Florida, Tennessee and Kentucky. (Photo:
Such to build on strong foundation of service established by Chiles during his 15 years of leadership. Regions Bank on Wednesday announced experienced financial services leader Katie Such has been elevated to serve as head of Regions Affordable Housing. Such succeeds Rob Chiles, who is retiring after 35 years in the financial services industry, including over 15 years with Regions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240327719034/en/Regions Bank is announcing experienced financial services leader Katie Such has been elevated to serve as head of Regions Affordable Housing. (Photo: Business Wire) Mike Smith, head of R
BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Regions Financial Corporation (NYSE:RF) 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. 16, 2021, to stockholders of record at the close of business on Feb. 1, 2021. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), with $145 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Te
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Strategic execution of Regions' long-term plan leads to solid core performance, quarterly revenue growth. Regions Financial Corp. (NYSE:RF) today reported earnings for the third quarter ended September 30, 2024. The company reported third quarter net income available to common shareholders of $446 million and earnings per diluted share of $0.49. The company reported $1.8 billion in total revenue during the quarter, including $721 million in reported pre-tax pre-provision income(1) and $799 million in adjusted pre-tax pre-provision income(1). Third quarter results were impacted by the following notable items: the impact of additional strategic securities repositioning and issuance costs ass
Dividends on common stock to be payable Jan. 2, 2025; dividends on preferred stock to be payable in November and December 2024. The Regions Financial Corporation (NYSE:RF) Board of Directors today declared the following cash dividends on its common shares, Series C preferred shares, Series D preferred shares, Series E preferred shares and Series F preferred shares: A cash dividend of $0.25 on each share of outstanding common stock of the Company, payable on Jan. 2, 2025, to stockholders of record at the close of business on Dec. 2, 2024. A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on Nov. 15, 2024,
All 20,000,000 Depositary Shares will be redeemed at a redemption price of $25 per Depositary Share on Sept. 16, 2024. Regions Financial Corporation (NYSE:RF) today announced the redemption on Sept. 16, 2024 (the "Redemption Date") of 20,000,000 depositary shares (NYSE:RFPRB, CUSIP: 7591EP 506, ISIN: US7591EP5063))) (the "Depositary Shares") representing interests in Regions' 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (the "Series B Preferred Stock"). Each Depositary Share represents a 1/40th interest in a share of the Series B Preferred Stock. All 20,000,000 Depositary Shares currently outstanding will be redeemed on the Redemption Date. On and after
Dividend to be payable on Sept. 16, 2024. The Regions Financial Corporation (NYSE:RF) Board of Directors has declared a cash dividend of $8.8806 per share of its newly-issued Series F Preferred Stock outstanding (equivalent to approximately $0.222014 per depositary share), payable on Sept. 16, 2024, to stockholders of record at the close of business on Sept. 3, 2024. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), with $154 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the
Solid core performance, favorable credit trends combine to further position the company for consistent, sustainable results. Regions Financial Corp. (NYSE:RF) today reported earnings for the second quarter ended June 30, 2024. The company reported second quarter net income available to common shareholders of $477 million and earnings per diluted share of $0.52. The company reported $1.7 billion in total revenue during the quarter, including $727 million in reported pre-tax pre-provision income(1) and $749 million in adjusted pre-tax pre-provision income(1). Second quarter results include the following notable items: an addition to the industry-wide FDIC special assessment accrual, severan
Dividends on common stock to be payable Oct. 1; dividends on preferred stock to be payable in August and September. The Regions Financial Corporation (NYSE:RF) Board of Directors today declared the following cash dividends on its common shares, Series B preferred shares, Series C preferred shares, Series D preferred shares and Series E preferred shares: A cash dividend of $0.25 on each share of outstanding common stock of the Company, payable on Oct. 1, 2024, to stockholders of record at the close of business on Sept. 3, 2024. The dividend of $0.25 represents a $0.01 increase over the most recent quarterly common dividend. A cash dividend of $15.9375 per share of Series B Preferred
Executives will host conference calls reviewing each quarter's results. Regions Financial Corp. (NYSE:RF) on Thursday announced the dates on which the company plans to issue its quarterly earnings results in 2025. Regions will announce results pre-market open on each of the following dates, and executives will host conference calls each quarter to review the results. Fourth Quarter 2024 Results: To be announced pre-market open on Friday, Jan. 17, 2025. Regions executives will host the conference call at 10 a.m. ET on that date. The call will be accessible through Regions' Investor Relations website, https://ir.regions.com/. First Quarter 2025 Results: To be announced pre-market ope
Solid core performance and peer-leading margin position the company for consistent, sustainable performance. Regions Financial Corp. (NYSE:RF) today reported earnings for the first quarter ended March 31, 2024. The company reported first quarter net income available to common shareholders of $343 million and earnings per diluted share of $0.37. First quarter results include the following notable items: an increase to the industry-wide FDIC special assessment accrual, severance-related charges, and the impact of certain securities repositioning. The company reported $1.7 billion in total revenue during the quarter, including $616 million in reported pre-tax pre-provision income(1) and $700
Dividends on common stock to be payable July 1; dividends on preferred stock to be payable in May and June. The Regions Financial Corporation (NYSE:RF) Board of Directors today declared the following cash dividends on its common shares, Series B preferred shares, Series C preferred shares, Series D preferred shares and Series E preferred shares: A cash dividend of $0.24 on each share of outstanding common stock of the Company, payable on July 1, 2024, to stockholders of record at the close of business on June 3, 2024. A cash dividend of $15.9375 per share of Series B Preferred Stock (equivalent to approximately $0.398438 per depositary share), payable on June 17, 2024, to stockhold
2023 Financial Highlights(as compared with 2022) AUA1,2 and Revenue Ending AUA1,2 increased to $35.2 billion, up 1% or $288 millionTotal revenue was consistent with 2022, declining 1% to $351 millionProfitability and Cash Flow Gross margin increased 1% to $206 million, partly due to revenue mixNet income from continuing operations declined to $(9.8) million, due to higher interest expenseAdjusted EBITDA1 decreased 3% to $59.5 million, reflecting 2.6% growth in adjusted operating expensesCash used in operating activities was $268 million, reflecting the fact that Fidelity now custodies our clients' cash and it is no longer reported as cash on our balance sheetFree cash flow available for grow
Citigroup analyst Keith Horowitz maintains Regions Finl (NYSE:RF) with a Buy and raises the price target from $23 to $25.
B of A Securities analyst Erika Najarian maintains Regions Finl (NYSE:RF) with a Neutral and raises the price target from $22 to $25.
Truist Securities analyst Brandon King maintains Regions Finl (NYSE:RF) with a Hold and raises the price target from $21 to $23.
RBC Capital analyst Gerard Cassidy maintains Regions Finl (NYSE:RF) with a Outperform and raises the price target from $21 to $23.
Regions Finl (NYSE:RF) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 5 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 3 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $21.67, a high estimate of $24.00, and a low estimate of $21.00. This upward trend is evident, with the current average reflecting
Wells Fargo analyst Whit Mayo maintains Regions Finl (NYSE:RF) with a Equal-Weight and raises the price target from $18 to $22.
In a recent analyst note by Goldman Sachs, the outlook for several regional banks were evaluated based on their recent second-quarter 2024 earnings reports. Among the banks examined included KeyCorp (NYSE:KEY), M&T Bank Corp (NYSE:MTB), Regions Financial Corp (NYSE:RF), Truist Financial Corp (NYSE:TFC), U.S. Bancorp (NYSE:USB) and Zions Bancorporation NA (NASDAQ:ZION). Lead analyst Ryan Nash and team highlighted key metrics, growth projections and credit performances, offering a comprehensive analysis of each bank’s standing and market outlook. KeyCorp KeyCorp’s second-quarter 2024 EPS results were mixed. The bank saw a slight beat on fees and managed lower expenses, which offset a
Regions Finl (NYSE:RF) reported quarterly earnings of $0.53 per share which beat the analyst consensus estimate of $0.48 by 10.42 percent. This is a 10.17 percent decrease over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $1.78 billion which beat the analyst consensus estimate of $1.76 billion by 1.19 percent. This is a 8.99 percent decrease over sales of $1.96 billion the same period last year.
Dividends on common stock to be payable Oct. 1; dividends on preferred stock to be payable in August and September.The Regions Financial Corporation (NYSE:RF) Board of Directors today declared the following cash dividends on its common shares, Series B preferred shares, Series C preferred shares, Series D preferred shares and Series E preferred shares:A cash dividend of $0.25 on each share of outstanding common stock of the Company, payable on Oct. 1, 2024, to stockholders of record at the close of business on Sept. 3, 2024. The dividend of $0.25 represents a $0.01 increase over the most recent quarterly common dividend.A cash dividend of $15.9375 per share of Series B Preferred Stock (equiv