Regions Financial misses Q4 2024 estimates
Third quarter results BIRMINGHAM, Ala., October 16, 2024--Regions Financial Corporation (NYSE:RF) today declared cash dividends on common shares, Series C, Series D, Series E and Series F ...
This was the stock's second consecutive day of losses.
NYSE:RF) A Strong Foundation for 2025. Regions reports 2024 earnings of $1.8 billion, earnings per diluted share of $1.93
The Alabama-based regional bank reported stronger earnings on a bump in capital markets fee revenue and lower expenses, but its total loans declined and its charge-offs increased. It expects only modest loan growth this year.
The holding company for Regions Bank posted revenue of $2.39 billion in the period. Its revenue net of interest expense was $1.82 billion, missing Street forecasts. Five analysts surveyed by Zacks expected $1.85 billion. For the year, the company reported profit of $1.89 billion, or $1.93 per share. Revenue was reported as $7.08 billion.
Salem Investment Counselors Inc. decreased its holdings in shares of Regions Financial Co. (NYSE:RF – Free Report) by 65.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
In a report released on January 7, Vivek Juneja from J.P. Morgan maintained a Hold rating on Regions Financial (RF – Research Report), with a
Regions Financial Corporation ( NYSE: RF) Q4 2024 Earnings Conference Call January 17, 2025 10:00 AM ET Dana Nolan - Investor Relations John Turner - Chief Executive Officer David Turner - Chief Financial Officer
The bank’s loan book experienced continued modest declines in business loan balances during the fourth quarter.
Regions Financial issued soft 2025 guidance after posting lackluster Q4 results, with net interest income expected to increase 2%-5% and stock falling 0.8%.
Regions Financial (RF) delivered earnings and revenue surprises of 7.27% and 2.14%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?