Regions Q1 2023 EPS $0.62; NII record $1.4B; guides FY revenue up 6-8%

REGIONS FINANCIAL CORP

2023-Q1 EPS reported $0.62

Net income available to common $588M, diluted EPS $0.62; ROATCE 26.7%.
Net interest income record $1.4B, NIM 4.22% (+23bps QoQ).
Adjusted total revenue expected up 6-8% for FY2023; NII growth 12-14%.
CET1 ratio 9.8%; managing at or above 10% near-term; no share repurchases in Q1.
Net charge-offs 35bps; expect full-year ~35bps; ACL ratio stable at 1.63%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REGIONS FINANCIAL CORP reported 1Q23 results: revenue $2.0B, net income $588M, EPS $0.62.

Period: 1Q23
Revenue: $2.0B
Net income: $588M
EPS: $0.62
Result: reported results

Exact text from the filing

1Q23 Reported Net Income Available to Common Shareholders $588M Diluted Earnings Per Share $0.62 Total Revenue $2.0B

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REGIONS FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001281761-23-000027

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