Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Regions Financial Corp. (RF)
NYSE:RF
Holding RF?
Track your performance easily
Earnings Data
Report Date
Jan 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.55Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 3.20%
|Next Earnings Date:Jul 20, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with strong earnings, revenue growth, and stable credit metrics. However, challenges persist with slight declines in loans and deposits, and increased expenses.Company Guidance
During the Regions Financial Corporation's Q3 2024 earnings call, the company reported strong financial performance with earnings of $446 million, equating to an earnings per share of $0.49. Total revenue experienced growth, driven by improvements in both net interest income and fee revenue, with almost every fee category showing growth compared to the previous quarter. Adjusted noninterest expense rose modestly, while average loans remained stable and average deposits declined slightly. Key financial metrics highlighted included a net interest income increase of 3% quarter-over-quarter and an adjusted noninterest income growth of 9%. The company's adjusted noninterest expenses for the full year 2024 are expected to approximate $4.25 billion. Credit metrics remained stable, with net charge-offs at 48 basis points and an allowance for credit loss ratio at 1.79%. The common equity Tier 1 ratio stood at 10.6%, demonstrating strong capital management. Regions also addressed its strategic focus on customer needs, investment in talent and technology, and positioning for future growth amidst economic uncertainties.Strong Third Quarter Earnings
Reported strong third quarter earnings of $446 million, resulting in earnings per share of $0.49. Total revenue grew on a reported and adjusted basis as both net interest income and fee revenue improved quarter-over-quarter.
Fee Revenue Growth
Adjusted noninterest income increased 9% driven by improvement in almost every category, most notably service charges, capital markets, and wealth management.
Net Interest Income Increase
Net interest income increased by 3% linked quarter, outperforming expectations, reflecting stability in deposit trends and asset yield expansion.
Stable Credit Metrics
Overall credit performance continued to stabilize during the quarter. Nonperforming loans as a percentage of total loans declined 2 basis points to 85 basis points.
Record Wealth Management Performance
Wealth Management increased 5% to a new quarterly record, reflecting increased sales activity and stronger markets.
---
RF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
RF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 18, 2024 | $23.76 | $23.60 | -0.67% |
| Jul 19, 2024 | $21.65 | $21.65 | 0.00% |
| Apr 19, 2024 | $18.39 | $18.30 | -0.49% |
| Jan 19, 2024 | $17.15 | $17.79 | +3.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Regions Financial Corp. (RF) report earnings?
Regions Financial Corp. (RF) is schdueled to report earning on Jan 17, 2025, TBA Not Confirmed.
What is Regions Financial Corp. (RF) earnings time?
Regions Financial Corp. (RF) earnings time is at Jan 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RF EPS forecast?
RF EPS forecast for the fiscal quarter 2024 (Q4) is 0.55.
---
