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Mar 31, 2020
Regions Q1 2020 Earnings Report
Regions reported earnings with a net income of $139 million and EPS of $0.14.
Key Takeaways
Regions Financial Corporation reported a net income available to common shareholders of $139 million, with earnings per diluted share at $0.14 for the first quarter ended March 31, 2020. The company's performance was supported by loan and deposit growth, along with a proactive interest rate hedging strategy amidst a challenging macroeconomic environment.
Net income available to common shareholders was $139 million, and earnings per diluted share was $0.14.
Pre-tax pre-provision income was $577 million, driven by loan and deposit growth.
Regions processed approximately 17,000 consumer payment deferral requests and facilitated assistance to business customers totaling approximately $2.8 billion.
Total revenue decreased 5 percent compared to the prior quarter.
Revenue by Segment
Forward Guidance
Regions Financial Corporation did not provide specific forward guidance in this earnings report. The report includes cautionary statements regarding forward-looking statements and the potential effects of the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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