Regions Financial Corp. Reports Strong 2024 Earnings

Regions Financial Corp. ( (RF) ) has released its Q4 earnings. Here is a breakdown of the information Regions Financial Corp. presented to its investors.

Regions Financial Corp., a major player in the financial services sector, offers a wide range of consumer and commercial banking, wealth management, and mortgage products across the southern United States. The company operates through its subsidiary, Regions Bank, with a strong presence in the South, Midwest, and Texas.

Regions Financial Corp. reported a strong performance for the year 2024, achieving record earnings of $1.8 billion and an earnings per diluted share of $1.93. The fourth quarter saw net income of $508 million and earnings per share of $0.56. The company highlighted its strategic execution and robust growth in its Capital Markets, Wealth Management, and Treasury Management services.

Key financial metrics for the fourth quarter include a total revenue of $1.8 billion, a 1% increase from the previous quarter, driven by effective deposit cost management despite lower asset yields. The company also noted a rise in Capital Markets income to $97 million, supported by merger advisory and real estate capital markets growth. Non-interest expenses decreased by 3%, attributed to lower incentive compensation and decreased Visa Class B shares expense.

Average loans and leases remained stable, with a slight decrease in the business lending portfolio, while deposits grew marginally by 0.4%, reflecting usual year-end seasonal patterns. The company’s capital position remains strong with a Common Equity Tier 1 ratio at 10.8%, and liquidity is robust with $62.6 billion in available liquidity.

Looking ahead, Regions Financial Corp. is poised for continued growth in 2025, supported by its strategic initiatives and strong capital and liquidity positions. The company remains committed to superior customer service and leveraging market opportunities to drive future performance.