Regions Q1 2021 Earnings Report
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.
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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.