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Mar 31, 2021
Regions Q1 2021 Earnings Report
Regions reported first quarter 2021 earnings, delivering strong revenue and pre-tax pre-provision income growth over the prior year.
Key Takeaways
Regions Financial Corporation reported net income available to common shareholders of $614 million, and earnings per diluted share of $0.63 for the first quarter ended March 31, 2021. Strong revenue growth contributed to an 18 percent increase in pre-tax pre-provision income on a reported basis and a 17 percent increase on an adjusted basis compared to the first quarter of 2020.
Net income available to common shareholders of $614 million, and earnings per diluted share of $0.63.
Strong revenue growth contributed to an 18 percent increase in pre-tax pre-provision income on a reported basis and a 17 percent increase on an adjusted basis compared to the first quarter of 2020.
Positive operating leverage of 2.6 percent on a reported basis and 2.1 percent on an adjusted basis versus the comparable prior-year period.
Total revenue increased 14 percent compared to the first quarter of 2020.
Revenue by Segment
Forward Guidance
The company will continue to deepen relationships with customers by providing personalized solutions and financial guidance combined with technology solutions that make banking easier.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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