Loading...
•
Dec 31, 2022
Regions Q4 2022 Earnings Report
Reported earnings for the fourth quarter and full-year ended December 31, 2022.
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.
Regions
Regions
Regions Revenue by Segment
Revenue by Segment
Deposit Account Fees Revenue
CapyFin.comCard & ATM Fees Revenue
CapyFin.comWealth Management Revenue
CapyFin.comCapital Markets Revenue
CapyFin.comMortgage Income Revenue
CapyFin.comCommercial Credit Fees Revenue
CapyFin.comBOLI Revenue
CapyFin.com 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.