Regions Q2 2021 Earnings Report
Key Takeaways
Regions Financial Corporation reported net income available to common shareholders of $748 million and earnings per diluted share of $0.77 for the second quarter ended June 30, 2021. Compared to the second quarter of 2020, total revenue grew 2 percent while pre-tax pre-provision income increased 10 percent.
Digital investments are generating returns, with 9% year-over-year growth in active digital banking users and 13% year-over-year growth in active mobile banking users.
Business segments are proving resilient with key talent hires of client-facing associates in growth markets.
Strategic decisions are delivering long-term results with Regions identifying high-growth markets in its existing footprint.
Regions' credit quality continues to grow stronger, demonstrating resiliency and prudent risk management amid evolving economic conditions.
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Forward Guidance
Not provided in the earnings report.