Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1900 Fifth Avenue North BIRMINGHAM AL 35203 |
Tel: | 1-205-2647040 |
Website: | https://www.regions.com |
IR: | See website |
Key People | ||
John M. Turner President, Chief Executive Officer, Director | Ronald G. Smith Senior Executive Vice President, Head of Corporate Banking Group of Registrant and Regions Bank | David J. Turner Chief Financial Officer, Senior Executive Vice President of the Company and the Bank |
David R. Keenan Senior Executive Vice President, Chief Administrative, Human Resources Officer of Registrant and Regions Bank | C. Dandridge Massey Senior Executive Vice President, Chief Enterprise Operations and Technology Officer of registrant and Regions Bank | Russell Zusi Senior Executive Vice President, Chief Risk Officer |
Tara Ann Plimpton Senior Executive Vice President, Chief Legal Officer and Corporate Secretary of Registrant and Regions Bank | Kate R. Danella Senior Executive Vice President, Head of Consumer Banking Group of Registrant and Regions Bank | Scott M. Peters Senior Executive Vice President, Chief Transformation Officer of Registrant and Regions Bank | William D. Ritter Senior Executive Vice President, Head of Wealth Management Group of Registrant and Regions Bank |
Business Overview |
Regions Financial Corporation is a financial holding company. The Company provides traditional commercial, retail and mortgage banking services, as well as other financial services, including asset management, wealth management, securities brokerage, merger-and-acquisition advisory services and other specialty. The Company operates through three segments: Corporate Bank, Consumer Bank and Wealth Management. The Company conducts its banking operations through Regions Bank, a state-chartered commercial bank. The Company operated approximately 2,023 automated teller machines (ATMs) and 1,271 total branch outlets primarily across the South, Midwest and Texas. The Company operates in Birmingham, Alabama, with operations across the South, Midwest and Texas. It operates several offices delivering specialty capabilities in New York, Washington District of Columbia (D.C.), Chicago and other locations nationwide. |
Financial Overview |
For the three months ended 31 March 2024, Regions Financial Corp interest income increased 5% to $1.72B. Net interest income after loan loss provision decreased 20% to $1.03B. Net income applicable to common stockholders decreased 42% to $343M. Net interest income after loan loss provision reflects corporate bank segment decrease of 21% to $601M, consumer bank segment decrease of 16% to $384M, Net Interest Margin, Total -% decrease of 16% to 3.55%. |
Employees: | 19,641 as of Mar 31, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $19,940M as of Mar 31, 2024 |
Annual revenue (TTM): | $6,980M as of Mar 31, 2024 |
EBITDA (TTM): | $2,994M as of Mar 31, 2024 |
Net annual income (TTM): | $1,731M as of Mar 31, 2024 |
Free cash flow (TTM): | $1,172M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 915,827,099 as of May 6, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |