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Dec 31, 2020
Regions Q4 2020 Earnings Report
Reported strong revenue and pre-tax pre-provision income growth over the prior year.
Key Takeaways
Regions Financial Corporation reported fourth quarter net income available to common shareholders of $588 million, an increase of 61 percent compared to the fourth quarter of 2019. Earnings per diluted share were $0.61, also a 61 percent increase.
Net income available to common shareholders increased to $588 million, up 61% compared to Q4 2019.
Earnings per diluted share increased to $0.61, also up 61% compared to Q4 2019.
Total revenue increased approximately 3 percent on a reported basis and 4 percent on an adjusted basis compared to the third quarter of 2020.
Non-interest expense increased 10 percent on a reported basis and 5 percent on an adjusted basis compared to the third quarter of 2020.
Regions
Regions
Forward Guidance
Regions intends to maintain capital at the higher end of the range.