Regions Q4 2022 Earnings Report
Key Takeaways
Regions Financial Corp. reported fourth quarter net income available to common shareholders of $660 million and earnings per diluted share of $0.70. For the full-year 2022, the company reported net income available to common shareholders of $2.1 billion and record pre-tax pre-provision income of $3.1 billion.
Net income available to common shareholders was $660 million.
Earnings per diluted share was $0.70.
Net interest income increased to $1.4 billion.
Total revenue was approximately $2 billion.
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Regions Revenue by Segment
Forward Guidance
Regions continued its focus on delivering consistent, sustainable financial performance, generating record pre-tax pre-provision income for 2022. The company has deliberately positioned itself to withstand an array of economic conditions, and its strong performance in 2022 provides a solid foundation as we enter 2023.
Positive Outlook
- Strategic investments continue to provide opportunities to broaden and deepen relationships with customers.
- Attractive footprint, combined with innovative and comprehensive product set, has supported continued customer acquisition and revenue growth.
- The company has built a strong, diverse and inclusive team.
- Regions' associates do a great job serving their customers and communities.
- Regions continued its focus on delivering consistent, sustainable financial performance, generating record pre-tax pre-provision income for 2022.
Challenges Ahead
- Uncertainty remains in the economic outlook.
- Possible declines in property values and increases in interest rates and unemployment rates could adversely affect our lending and other businesses.
- Changes in trade, monetary and fiscal policies could have a material adverse effect on our businesses.
- Changes in market interest rates or capital markets could adversely affect our revenue and expense.
- The impact of pandemics, including the ongoing COVID-19 pandemic, could disrupt the global economy.