Regions Q3 EPS $0.49; NIM 3.73%; NCOs 0.40%; FY23 revenue outlook up 5-6%

REGIONS FINANCIAL CORP

2023-Q3 EPS reported $1.71

Diluted EPS $0.49, net income available to common $465M; total revenue $1.9B.
Net interest income $1.291B, down 6.5% QoQ; NIM 3.73% (down 31 bps).
Net charge-offs $63M, 0.40% of avg loans; provision $145M ($44M excess over NCOs).
FY23 adjusted total revenue expected up 5-6% vs 2022; Q4 NII expected to decline ~5% QoQ.
CET1 ratio 10.3%; ROATCE 20.6% (14.6% ex. AOCI); managed at ~10% near term.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REGIONS FINANCIAL CORP reported Third quarter 2023 results: revenue $1.9B, net income $465M, EPS $0.49.

Period: Third quarter 2023
Revenue: $1.9B
Net income: $465M
EPS: $0.49
Result: reported results

Exact text from the filing

Third quarter 2023 overview Continue to generate consistent, sustainable long-term performance (1) Non-GAAP, see appendix for reconciliation. Key Performance Metrics 3Q23 Reported Net Income Available to Common Shareholders $465M Diluted Earnings Per Share $0.49 Total Revenue $1.9B Non-Interest Expense $1.1B Pre-Tax Pre-Provision Income(1) $764M Efficiency Ratio 58.5% Net-Charge Offs / Avg Loans 0.40%

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REGIONS FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001281761-23-000048

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