other material
confidence medium
sentiment negative
materiality 0.60
Regions updates FY2023 expense guidance, citing check fraud losses
REGIONS FINANCIAL CORP
- Revised FY2023 Adjusted Non-Interest Expense and Adjusted Operating Leverage expectations due to higher operational losses from check fraud.
- Check fraud is an industry-wide issue; Regions is committed to fraud mitigation while supporting customers.
- Updated guidance replaces prior expectations provided in April 2023; no specific dollar amounts disclosed.