Articles from Regions Financial Corporation

The Regions Financial Corporation (NYSERF) 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. 18, 2025, to stockholders of record at the close of business on Feb. 3, 2025.

Regions Financial Corp. (NYSERF) today reported earnings for the fourth quarter and full-year ended Dec. 31, 2024. The company reported fourth quarter net income available to common shareholders of $508 million and diluted earnings per common share of $0.56. For the full-year 2024, the company reported net income available to common shareholders of $1.8 billion and diluted earnings per common share of $1.93. The company reported $1.8 billion in total revenue during the fourth quarter, including $777 million in reported pre-tax pre-provision income(1) and $816 million in adjusted pre-tax pre-provision income(1). Fourth quarter results were impacted by additional strategic securities repositioning and severance charges.

Regions Bank on Monday announced it has selected Axway, a data integration company, and its Amplify Open Banking solution, to deliver future open banking capabilities for Regions’ Consumer Banking, Corporate Banking and Wealth Management customers.

Regions Bank today announced it is reducing the Regions prime lending rate to 7.50% from 7.75%, effective Thursday, Dec. 19, 2024.

Regions Financial Corp. (NYSERF) is scheduled to release its fourth quarter and full-year 2024 financial results on Friday, Jan. 17, 2025.

Regions Financial Corp. (NYSERF) on Wednesday announced Roger W. Jenkins, director and CEO of Murphy Oil Corporation, has been appointed to serve on the boards of Regions Financial Corp. and its subsidiary, Regions Bank. Jenkins’ term on the Regions boards will begin Jan. 1, 2025.

The Regions Financial Corp. (NYSERF) Board of Directors on Tuesday authorized the extension of its previously announced common stock repurchase program through the fourth quarter of 2025. The repurchase program, initially announced on April 20, 2022, authorized the repurchase of up to $2.5 billion of the company’s common stock for the period including the second quarter of 2022 through the fourth quarter of 2024. As of Sept. 30, 2024, Regions had repurchased approximately 31 million shares of common stock at a total cost of $557 million under this plan.

Regions Bank on Wednesday announced Chase Simpson has been named vice president and relationship manager in the Regions Affordable Housing division.

Regions Financial Corporation (NYSERF) on Tuesday announced the company is scheduled to participate in the Goldman Sachs Financial Services Conference on Wednesday, Dec. 11, 2024.

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.

Regions Bank today announced it is reducing the Regions prime lending rate to 7.75% from 8.00%, effective Friday, Nov. 8, 2024.

Regions Bank on Tuesday announced Ray Hand has joined the bank to serve as Private Wealth Management regional executive for Florida.

Regions Financial Corp. (NYSERF) 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 associated with the redemption of the company's Series B Preferred Stock. The net impact of these items reduced reported third quarter earnings per diluted share by $0.08.

The Regions Financial Corporation (NYSERF) 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:

The Regions Foundation on Wednesday announced a series of grants totaling $200,000 in support of disaster-recovery efforts following Hurricane Milton. The Foundation is a nonprofit that is primarily funded by Regions Bank, which launched its own response to Milton by offering special banking services for people and businesses affected by the storm.

In the wake of Hurricane Milton, Regions Bank on Friday announced a series of disaster-recovery financial services designed to help people and businesses in communities across Florida’s impacted storm path.

Regions Bank on Tuesday announced a series of disaster-recovery financial services designed to help people and businesses impacted by Hurricane Helene. In addition, bank associates are volunteering in support of first responders in affected areas. Also, the Regions Foundation, a nonprofit funded primarily by Regions Bank, announced a commitment of $150,000 in initial grant funding for organizations providing disaster relief.

Regions Bank on Tuesday announced Kate Danella, head of Regions’ Consumer Banking Group, has again been honored by American Banker magazine as one of the “25 Most Powerful Women in Banking.”

Regions Bank today announced it is reducing the Regions prime lending rate to 8.00% from 8.50%, effective Thursday, Sept. 19, 2024.

Regions Financial Corp. (NYSERF) is scheduled to release its third quarter 2024 financial results on Friday, Oct. 18, 2024.

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.

Regions Financial Corp. (NYSERF) on Thursday announced the company is scheduled to participate in the upcoming Barclays 2024 Global Financial Services Conference.

Regions Financial Corporation (NYSERF) 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 the Redemption Date, no Depositary Shares or shares of Series B Preferred Stock will remain outstanding and dividends in respect of the Series B Preferred Stock will no longer accrue.

The Regions Financial Corporation (NYSERF) 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.

Regions Bank on Wednesday announced the company has been named to the 2024 Disability Equality Index®, the leading nonprofit resource for business disability inclusion worldwide. With this year’s distinction, Regions has now been named a “Best Place to Work for Disability Inclusion” for the fourth consecutive year.

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℠.

Regions Financial Corp. (NYSERF) 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, severance-related charges, a contingent reserve release related to a prior acquisition, and the impact of additional securities repositioning.

The Regions Financial Corporation (NYSERF) 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:

Regions Bank on Thursday announced Connie Rogers has been elevated to serve as Private Wealth Management regional executive for Texas.

Regions Bank on Tuesday announced Allison Johnston has joined the Regions Affordable Housing division as vice president and relationship manager.

The Federal Reserve has communicated to Regions Financial Corp. (NYSERF) that the company exceeded all minimum capital levels under the Federal Reserve’s Supervisory Stress Test.

Regions Financial Corp. (NYSERF) 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.

Regions Financial Corp. (NYSERF) is scheduled to release its second quarter 2024 financial results on Friday, July 19, 2024.

Regions Bank and BILL, a leading financial operations platform for small and midsize businesses, on Wednesday announced the launch of Regions CashFlowIQSM, a digital solution designed to simplify payments and streamline cash-management processes for Regions’ commercial clients.

Regions Bank on Wednesday announced it has received the 2024 President’s “E” Award for Export Service in recognition of the bank’s work to provide financing solutions for Corporate Banking clients that collectively increase the nation’s exports.

Regions Financial Corp. (NYSERF) on Thursday announced the company is scheduled to participate in the Morgan Stanley U.S. Financials, Payments & Commercial Real Estate Conference on Wednesday, June 12.

Regions Bank on Tuesday announced its Real Estate Capital Markets division, a diversified multifamily and commercial real estate lender, has now begun servicing the loans it has originated.

Regions Bank on Wednesday announced Kascia Polk, manager of Regions’ Villa Rica, Georgia, branch, has been awarded the 2024 Lee Ann Petty Heart of Service Award, Regions’ highest honor for community involvement.

Regions Bank on Tuesday announced the company has been recognized by FORTUNE® magazine as one of America’s Most Innovative Companies for 2024. The FORTUNE rankings, which are now in their second year, highlight a wide range of companies serving on the forefront of innovation in the U.S.

Regions Financial Corp. (NYSERF) 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 million in adjusted pre-tax pre-provision income(1).

The Regions Financial Corporation (NYSERF) 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:

Regions Bank on Monday announced the launch of its Philanthropic Solutions group, a team of advisors in the bank’s Wealth Management division who will provide support for clients’ asset management, mission, and charitable giving priorities.

Regions Bank on Monday announced the company has been recognized as a 2024 Gallup Exceptional Workplace Award (GEWA) Winner With Distinction. The GEWA is Gallup’s top recognition for thriving workplaces, awarded to a select few organizations that meet rigorous standards of excellence and truly place engagement at the center of their business strategies. Regions is one of five organizations to receive the With Distinction title.

Regions Bank on Tuesday announced the launch of its 15th annual Share the Good® initiative, a company-wide volunteer effort that benefits communities served by Regions throughout the Southeast, the Midwest and Texas. To complement the bank’s Financial Literacy Month activities this April, Regions’ 2024 Share the Good theme is Helping Students Build Financial Confidence.

Regions Financial Corp. (NYSERF) on Monday announced John Jordan has joined its Consumer Banking Group as head of Retail. He will lead an organization of more than 7,500 Regions Bank associates, including frontline branch teams, regional branch-banking leaders and support functions.

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.

Regions Bank on Monday announced the launch of a multi-faceted effort to help consumers build financial confidence. The focus kicks off during Financial Literacy Month in April with free online Regions Next Step® seminars, in-person events at branches, and opportunities for people to receive free, personalized guidance in setting and tracking their financial goals through Regions’ Greenprint® experience.

Regions Financial Corp. (NYSERF) is scheduled to release its first quarter 2024 financial results on Friday, April 19, 2024.

Regions Bank on Tuesday announced the launch of Visa Commercial Pay Mobile, an enhanced commercial card solution from Visa, a world leader in digital payments, that allows Treasury Management clients to make quick, easy and secure payments from the convenience of a digital wallet. Regions is the first financial institution to make it available.

Regions Financial Corp. (NYSERF) on Wednesday announced former AutoZone President and CEO Bill Rhodes has been appointed to serve on the boards of Regions Financial Corp. and its subsidiary, Regions Bank. Rhodes’ term on the Regions boards will begin March 1, 2024.

The Regions Financial Corporation (NYSERF) 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:

Regions Financial Corp. (NYSERF) is scheduled to participate in the 2024 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 6, 2024.

Regions Financial Corporation (NYSERF) announced the company is scheduled to participate in the Bank of America 2024 Financial Services Conference on Wednesday, Feb. 21.

Regions Bank is the highest-rated bank in Forbes’ newest list of the top 300 U.S. companies for customer service – selected after a year-long survey of 201,000 people providing 4.2 million ratings of more than 3,000 brands.

Regions Financial Corp. (NYSERF) 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 to 2022, total revenue increased 5 percent to a record $7.6 billion driven by growth in net interest income.

Regions Bank on Wednesday announced it has been designated as a 2024 Military Spouse Friendly® Employer by Military Friendly®, an organization that measures the commitment of companies to create professional opportunities that leverage military experience.

Regions Bank on Wednesday announced a series of disaster-recovery financial services designed to help people and businesses impacted by the Jan. 9 tornadoes in Northwest Florida and parts of Alabama, Georgia and South Carolina.

The Regions Financial Corporation (NYSERF) 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. 15, 2024, to stockholders of record at the close of business on Feb. 1, 2024.

Regions Bank on Wednesday announced the launch of Women + Wealth, an innovative program that combines unique events and fresh insights with one-on-one guidance from a team of professionals to further support and empower women as they move forward on their financial journeys.

Regions Financial Corp. (NYSERF) is scheduled to release its fourth quarter and full-year 2023 financial results on Friday, Jan. 19, 2024.

Regions Bank and the Regions Foundation on Wednesday announced a tornado response plan aimed at supporting communities that were impacted by a series of tornadoes Saturday, Dec. 9.

Regions Bank on Wednesday announced Dave Lyder has been elevated to serve as group leader for Ascentium Capital, a division of Regions Bank that provides streamlined financing support for specialized business equipment, technology, commercial vehicles and other small-business needs.

Regions Bank on Friday announced it has been designated as a 2024 Military Friendly® Employer by Military Friendly®, an organization that measures the commitment of companies to create professional opportunities that leverage military experience.

Regions Bank and Self Financial, Inc. on Tuesday announced a collaboration designed to help Regions’ Consumer Banking customers further build their credit report files and, over time, improve their financial health.

Regions Financial Corporation (NYSERF) on Friday announced the company is scheduled to participate in Goldman Sachs’ Financial Services Conference 2023 on Tuesday, December 5.

Regions Financial Corp. (NYSERF) on Thursday announced that, following a 34-year career in the financial services industry, Ward Cheatham will retire as head of Corporate Specialized Banking and a member of Regions’ Executive Leadership Team at the end of 2023. Regions’ current head of Capital Markets, Joel Stephens, has been named to succeed Cheatham, and the bank’s current head of Corporate and Institutional Markets, Rit Amin, will succeed Stephens.

Regions Financial Corp. (NYSERF) today reported earnings for the third quarter ended Sept. 30, 2023. The company reported third quarter net income available to common shareholders of $465 million and earnings per diluted share of $0.49. Compared to the third quarter of 2022, net income available to common shareholders increased 15 percent while total revenue remained relatively stable at $1.9 billion on both a reported and adjusted basis(1).

The Regions Financial Corporation (NYSERF) 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:

Regions Financial Corp. (NYSERF) on Friday announced company executives will participate in the upcoming BancAnalysts Association of Boston (BAAB) Conference.

Regions Bank on Thursday announced the company has received the highest possible score of 100 on the 2023 Disability Equality Index®, the leading nonprofit resource for business disability inclusion worldwide. With this year’s distinction, Regions has now been named a “Best Place to Work for Disability Inclusion” for the third consecutive year.

Regions Bank on Wednesday announced Kate Danella, head of Regions’ Consumer Banking Group, has again been honored by American Banker magazine as one of the “25 Most Powerful Women in Banking.”

Regions Financial Corp. (NYSERF) is scheduled to release its third quarter 2023 financial results on Friday, Oct. 20, 2023.

Regions Financial Corp. (NYSERF) on Thursday announced Chief Risk Officer Matt Lusco will retire at the end of 2023 following a nearly 45-year career in risk, finance, auditing, and accounting roles. Russell Zusi has been named to succeed Lusco effective Jan. 2, 2024.

Regions Bank on Wednesday announced Anna Brackin has been appointed to serve as Chief Compliance Officer overseeing the company’s compliance risk management program. In addition, Gary Walton recently joined the bank as Business Unit Chief Risk Officer for Regions’ Consumer Banking and Wealth Management divisions.

Regions Bank on Wednesday announced Sabal Capital Partners is now officially part of the Regions Real Estate Capital Markets brand. The brand change reflects Sabal Capital Partners’ further integration into the existing Regions Real Estate Capital Markets team.