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Mar 31, 2024
Regions Q1 2024 Earnings Report
Regions reported earnings of $343 million, with earnings per diluted share of $0.37, driven by solid core performance and a peer-leading margin.
Key Takeaways
Regions Financial Corp. reported a net income available to common shareholders of $343 million and earnings per diluted share of $0.37 for the first quarter of 2024. The results reflect the strength and diversity of the balance sheet, a robust liquidity position, and proactive interest rate risk management practices.
Net income available to common shareholders was $343 million, with diluted earnings per share of $0.37.
Total revenue was reported at $1.7 billion for the quarter.
The company's net interest margin was 3.55 percent.
The Common Equity Tier 1 ratio was estimated at 10.3 percent.
Revenue by Segment
Forward Guidance
This release may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond our control.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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