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Mar 31, 2023
Regions Q1 2023 Earnings Report
Regions reported solid revenue and consistent performance.
Key Takeaways
Regions Financial Corp. reported a strong first quarter with a 22% year-over-year increase in total revenue, reaching $2.0 billion. Net income available to common shareholders was $588 million, with earnings per diluted share of $0.62.
Total revenue increased 22% year-over-year, reaching $2.0 billion.
Net income available to common shareholders was reported $588 million.
Earnings per diluted share reached $0.62.
Total deposits declined approximately 2 percent, but remained stable from earlier in March through the end of the quarter.