Regions Financial Q4 EPS $0.39, NII down 4.6% QoQ; guides 2024 NII $4.7-4.8B

REGIONS FINANCIAL CORP

2023-FY EPS reported $2.11

4Q23 net income $391M, diluted EPS $0.39; FY23 net income $2.0B, diluted EPS $2.11.
4Q23 NII $1,231M (-4.6% QoQ); NIM 3.60% (-13 bps QoQ).
2024 guidance: NII $4.7-4.8B, NIM ~3.50%, adjusted NIE ~$4.1B, NCOs 40-50 bps.
1Q24 NII expected to decline 3-5% vs 4Q23; deposit cost normalization and forward swaps weigh.
4Q23 included $119M FDIC special assessment and $28M severance; $252M in share repurchases.

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 0.85

REGIONS FINANCIAL CORP updated its 4Q23 guidance (reaffirmed).

Period: 4Q23
Guidance: reaffirmed
Result: reported results

Exact text from the filing

4th Quarter Earnings Conference Call January 19th, 2024 2 2023 Overview Continue to deliver consistent, sustainable long-term performance

View on SEC.gov

Browse all earnings releases →

REGIONS FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001281761-24-000003

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.