earnings
confidence high
sentiment neutral
materiality 0.70
Regions Q3 EPS $0.49, NII $1.22B, securities repositioning yields $75M loss
REGIONS FINANCIAL CORP
2024-Q3 EPS reported
$1.38
- Net income available to common shareholders $446M, diluted EPS $0.49; QoQ net income down 6.5%.
- Net interest income $1.22B, up 3% QoQ; NIM 3.54%, up 3 bps QoQ.
- Sold $1.3B AFS securities, realized $75M pre-tax loss; reinvested at higher market yields.
- 2024 guidance: NII ~$4.8B, adjusted non-interest income $2.45-$2.5B, adjusted NIE ~$4.25B.
- NCOs 0.48% (48 bps), up 6 bps QoQ; full-year NCOs expected toward upper end of 40-50 bps range.