secwatch.observer — SEC 8-K summary
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Issuer:     REGIONS FINANCIAL CORP (RF)
CIK:        0001281761
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001281761-23-000039
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Regions Q2 EPS $0.59, revenue $2.0B; raises dividend 20% to $0.24/share
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- Net income available to common of $556M ($0.59 diluted EPS), flat YoY; total revenue $2.0B.
- NII $1.381B (-2.5% QoQ) as deposit costs normalized; NIM 4.04% (-18bps).
- CET1 ratio 10.1%; Board declared $0.24 quarterly dividend, a 20% increase.
- Non-interest expense $1.111B (+8% QoQ) driven by $82M check fraud costs; fraud now normalized.
- 2023 guidance: adjusted revenue +6-8%, NII +12-14% vs 2022; 3Q23 NII expected ~-5% QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1281761/000128176123000039/0001281761-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1281761/000128176123000039/rf-20230721.htm
  HTML page:      https://secwatch.observer/filing/0001281761-23-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer