Regions Financial (RF)

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.