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 |
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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 |
11/13/2023 | $17.10 | Buy → Hold | Odeon |
10/27/2023 | $19.00 → $16.50 | Overweight → Neutral | JP Morgan |
10/25/2023 | $17.00 → $15.00 | Overweight → Neutral | Piper Sandler |
10/24/2023 | $22.00 → $15.00 | Buy → Neutral | UBS |
10/20/2023 | Outperform → Neutral | Wedbush |
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
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
Comments will be accessible via a live webcast. Regions Financial Corp. (NYSE:RF) on Thursday announced the company is scheduled to participate in the upcoming Barclays 2024 Global Financial Services Conference. Regions' portion of the conference is set to begin at approximately 9:45 a.m. ET on Wednesday, Sept. 11. Executives will take part in a fireside chat-style discussion. Comments will be available via a live, listen-only webcast. To listen, visit Regions' Investor Relations page at https://ir.regions.com. A replay will also be made available on Regions' Investor Relations page following the event. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), w
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
Company pledges to consistently build on its positive online experience. Regions Bank on Tuesday announced the company ranked first among regional banks in the recently released J.D. Power 2024 U.S. Online Banking Satisfaction Study℠. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723256218/en/"From the branch around the corner, to the tools at your fingertips on Regions.com, we are here to help people and businesses meet their banking needs in ways that are both innovative and intuitive," said Dan Massey, Chief Enterprise Operations and Technology Officer for Regions. (Photo: Business Wire) The study measures overall satis
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
Rogers brings 25-plus years of industry experience to regional executive role. Regions Bank on Thursday announced Connie Rogers has been elevated to serve as Private Wealth Management regional executive for Texas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240711089427/en/Connie Rogers has been elevated to serve as Regions Bank's Private Wealth Management regional executive for Texas. (Photo: Business Wire) In this expanded leadership role, Rogers will lead a team of advisors providing custom-tailored investment services and financial guidance to a wide range of clients in markets including Dallas, Fort Worth, Austin, Hous
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:
Regions continues to operate from a position of strength, delivering consistent, sustainable performance. The Federal Reserve has communicated to Regions Financial Corp. (NYSE:RF) that the company exceeded all minimum capital levels under the Federal Reserve's Supervisory Stress Test. Regions' preliminary Stress Capital Buffer requirement for the fourth quarter of 2024 through the third quarter of 2025, as determined by the Federal Reserve, will remain floored at 2.5%. Regions follows a highly strategic approach toward risk management, positioning the bank to deliver consistent, sustainable performance through a variety of economic cycles. The company benefits from several factors inc
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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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
Odeon downgraded Regions Fincl from Buy to Hold and set a new price target of $17.10
JP Morgan downgraded Regions Fincl from Overweight to Neutral and set a new price target of $16.50 from $19.00 previously
Piper Sandler downgraded Regions Fincl from Overweight to Neutral and set a new price target of $15.00 from $17.00 previously
UBS downgraded Regions Fincl from Buy to Neutral and set a new price target of $15.00 from $22.00 previously
Wedbush downgraded Regions Fincl from Outperform to Neutral
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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
Dividends on common stock to be payable April 1; dividends on preferred stock to be payable in March. 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 preferred shares and Series E preferred shares: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240214277615/en/RF) Board of Directors today declared quarterly common and preferred stock dividends. (Photo: Business Wire)">The Regions Financial Corporation (NYSE:RF) Board of Directors today declared quarterly common and preferred stock dividends. (Photo: Business Wir
$7.6 billion in total revenue reflects 5 percent year-over-year growth Regions Financial Corp. (NYSE:RF) today reported earnings for the fourth quarter and full-year ended Dec. 31, 2023. The company reported fourth quarter net income available to common shareholders of $367 million and earnings per diluted share of $0.39. Fourth quarter results include the industry-wide FDIC special assessment, increased severance-related charges, and a net provision expense associated with an unsecured consumer loan portfolio sale. For the full-year 2023, the company reported net income available to common shareholders of $2.0 billion and record pre-tax pre-provision income(1) of $3.2 billion. Compared t