Regions Q1 2020 Earnings Report
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.
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Regions 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.