Regions Q2 2020 Earnings Report
Key Takeaways
Regions Financial Corporation reported a net loss available to common shareholders of $237 million for the second quarter of 2020, or $0.25 loss per share, which includes a credit loss provision in excess of net charge-offs of $700 million. Total revenue and pre-tax pre-provision income each increased 8 percent over the prior year. Adjusted revenue grew 6 percent while adjusted pre-tax pre-provision income increased 8 percent.
Net loss reflects a significant credit loss provision for potential future losses.
Core business is solid and resilient despite the economic conditions.
Proactive risk management and strategic investments are prioritized to improve service and efficiency.
Focus on customers and careful expense management to deliver sustainable, long-term performance.
Regions
Regions
Regions Revenue by Segment
Forward Guidance
Regions' Board of Directors will evaluate the common stock dividend at its regularly scheduled meeting in July 2020.