secwatch.observer — SEC 8-K summary
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Issuer:     REGIONS FINANCIAL CORP (RF)
CIK:        0001281761
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001281761-24-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Regions Q1 EPS $0.37; NII falls 3.8% QoQ, NIM 3.55%; guides FY NII $4.7-4.8B
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- Net income available to common $343M, diluted EPS $0.37, down ~40% YoY.
- Net interest income $1.184B (-3.8% QoQ); NIM 3.55% (-5 bps QoQ).
- FY2024 guidance: NII $4.7-$4.8B; adjusted non-interest income $2.3-2.4B; expense ~$4.1B.
- Recognized $50M pre-tax loss on sale of $1.3B securities; reinvested at higher yields.
- Net charge-offs 0.50% annualized; FY2024 NCO guidance 40-50 bps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1281761/000128176124000022/0001281761-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1281761/000128176124000022/rf-20240419.htm
  HTML page:      https://secwatch.observer/filing/0001281761-24-000022

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