- Total deposits reached $126.49 billion, slightly above the estimated $126.39 billion.
- Total loans were $96.41 billion, slightly below the expected $97.17 billion.
- Net interest income on a fully taxable equivalent basis (FTE) was $1.24 billion, aligning precisely with estimates.
- The FTE net interest margin stood at 3.55%, slightly exceeding the forecasted 3.53%.
- Earnings per share (EPS) were reported at 56 cents, beating the estimate of 55 cents.
- The Common Equity Tier 1 (CET1) ratio was reported at 10.8%, surpassing the estimate of 10.5%.
- Adjusted revenue totaled $1.85 billion.
- Non-interest income was recorded at $585 million, falling short of the $624.1 million estimate.
- Net charge-offs were lower than expected, reported at $119 million compared to the estimate of $128.1 million.
- Non-interest expenses were slightly lower than anticipated, totaling $1.04 billion against an estimate of $1.05 billion.
- The provision for credit losses was $120 million, less than the projected $126.2 million.
- Analyst recommendations for Regions Financial include 12 buys, 12 holds, and 1 sell.
A look at Regions Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Regions Financial Corporation, a regional multi-bank holding company providing a range of financial services, has garnered favorable Smart Scores across various key factors. With a strong value score of 4, Regions Financial is positioned well in terms of its financial health and market valuation. Additionally, a solid dividend score of 4 indicates the company’s commitment to rewarding its investors with attractive dividend payouts.
In terms of long-term growth potential, Regions Financial scores a respectable 3, suggesting opportunities for expansion and future profitability. The company’s resilience score of 4 reflects its ability to withstand economic challenges and maintain stability. Moreover, a momentum score of 4 indicates positive upward trends in the company’s performance and market sentiment. Overall, Regions Financial shows promise for sustained growth and stability in the regional banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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