earnings
confidence high
sentiment neutral
materiality 0.80
Regions Q2: EPS $0.52, adj. revenue $1.8B; NII troughed, sees 2H growth; dividend up 4%
REGIONS FINANCIAL CORP
2024-Q2 EPS reported
$0.89
- Diluted EPS $0.52, net income available to common $477M; adjusted revenue $1.8B.
- FTE NII $1.186B (flat QoQ); FY2024 NII guidance $4.7-4.8B, expects upper end.
- Quarterly dividend raised 4% to $0.25/share; $87M in share repurchases in Q2.
- Net charge-offs 0.42% annualized; FY2024 NCO guidance upper end of 40-50 bps.
- Adjusted non-interest expense guided to $4.15-4.2B for FY2024.