Regions Q4 2023 Earnings Report
Key Takeaways
Regions Financial Corp. reported Q4 net income available to common shareholders of $367 million and earnings per diluted share of $0.39. The results include the industry-wide FDIC special assessment, increased severance-related charges, and a net provision expense associated with an unsecured consumer loan portfolio sale. For the full-year 2023, the company reported net income available to common shareholders of $2.0 billion.
Q4 results reflect strength and diversity of balance sheet.
Protective hedging strategies continue to position Regions for success in any rate environment.
Company is confident in ability to adapt to the changing landscape while continuing to deliver one of the best returns in peer group.
Strong performance in 2023 provides a solid foundation as company enters 2024.