- Regions Financial‘s total deposits were $125.95 billion, slightly below the estimated $126.62 billion.
- Total loans amounted to $97.04 billion, just under the anticipated $97.63 billion.
- Net interest income on a fully taxable equivalent basis was $1.23 billion, marginally exceeding the $1.22 billion estimate.
- The fully taxable equivalent net interest margin was 3.54%, beating the anticipated 3.51%.
- Earnings per share (EPS) reached 49 cents, falling short of the expected 52 cents.
- The common equity Tier 1 ratio was 10.6%, surpassing the forecasted 10.5%.
- Adjusted revenue stood at $1.87 billion.
- Non-interest income reached $572 million, slightly below the estimate of $579.5 million.
- Net charge-offs were $117 million, which was lower than the projected $122.4 million.
- Non-interest expenses amounted to $1.07 billion, higher than the estimated $1.03 billion.
- The provision for credit losses was $113 million, less than the expected $123.5 million.
- Analyst recommendations included 9 buy ratings, 15 hold ratings, and 1 sell rating.
A look at Regions Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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
Analysts at Smartkarma have evaluated Regions Financial using their Smart Scores, which provide an indication of the company’s overall outlook across different factors. Regions Financial has received solid scores across the board, with a high rating in Momentum and strong scores in Value, Dividend, and Resilience. These scores suggest that the company is performing well in terms of its market momentum and financial health, making it an attractive prospect for investors looking for stability and potential growth.
Regions Financial Corporation, a regional multi-bank holding company, offers a range of financial services including mortgage banking, credit life insurance, leasing, and securities brokerage. Operating in the South, Midwest, and Eastern United States, Regions Financial has positioned itself as a key player in the banking sector. With its favorable Smart Scores in various aspects, the company appears to have a promising long-term outlook, indicating that it may continue to deliver value and dividends to its shareholders while maintaining resilience in the face of market fluctuations.
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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