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Jun 30, 2021
Regions Q2 2021 Earnings Report
Delivered solid revenue and pre-tax pre-provision income.
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.
Regions
Regions
Forward Guidance
Not provided in the earnings report.