secwatch.observer — SEC 8-K summary
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Issuer:     REGIONS FINANCIAL CORP (RF)
CIK:        0001281761
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001281761-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1281761/000128176124000003/0001281761-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1281761/000128176124000003/rf-20240119.htm
  HTML page:      https://secwatch.observer/filing/0001281761-24-000003

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