Regions Q2 2022 Earnings Report
Key Takeaways
Regions Financial Corp. reported strong second-quarter results, reflecting the strength of their business plan and team execution. Net income available to common shareholders was $558 million, with earnings per diluted share of $0.59. Total revenue increased by 10 percent, driven by growth in both net interest income and non-interest income.
Ascentium Capital's production for the first half of 2022 is up 31 percent year-over-year with pipelines remaining strong.
Sabal Capital Partners has closed $500 million in loans year-to-date, with full-year volume expected to increase by approximately 11 percent.
Clearsight Advisors is on track to exceed full-year expectations and heads into the second half of the year with a robust pipeline.
Regions has increased its number of Treasury Management clients by 14 percent year-over-year.