Regions Q3 2023 Earnings Report

Reported earnings of $465 million, with earnings per diluted share of $0.49.

Key Takeaways

Regions Financial Corp. reported a net income available to common shareholders of $465 million, with earnings per diluted share of $0.49. Total revenue remained relatively stable at $1.9 billion. The company's results reflect a strong balance sheet, robust liquidity, and prudent risk management.

Net income available to common shareholders increased 15 percent compared to the third quarter of 2022.

Total revenue remained relatively stable at $1.9 billion compared to the third quarter of 2022.

Net interest income decreased during the quarter to $1.3 billion, a 6.5 percent decrease compared to the second quarter.

Total net interest margin decreased 31 basis points to 3.73 percent.

Total Revenue

$1.86B

Previous year: $1.87B