Regions Financl - RF STOCK NEWS

Regions Bank is involved in a significant renovation project for the Kinneret Apartments in downtown Orlando, a 280-unit affordable housing complex for seniors. Acquired by Fairstead in October 2022, this initiative features an $18 million investment aimed at modernizing the property while preserving its affordability. With over 98% occupancy, the complex predominantly serves low-income residents, offering amenities and community support. Renovations will include energy-efficient upgrades and senior-friendly accessibility improvements, aligning with Florida's climate goals and enhancing residents' quality of life.

Regions Bank has announced the groundbreaking of its new branch in Waverly, Tennessee, following significant damages from catastrophic floods in August 2021. The new facility, expected to open by the end of 2023, is a testament to the bank's commitment to the community's recovery and resilience.

Key figures include the bank's $155 billion in assets and over 1,250 banking offices nationwide. Local associates expressed pride in their team's dedication to customer support during recovery efforts. This new branch aims to enhance service delivery with modern technology and facilities, strengthening the bank's role in the community.

Regions Bank and the Regions Foundation have launched a comprehensive relief plan following the tornado devastation on January 12. This initiative includes three main components: financial grants totaling at least $75,000 for disaster relief organizations, volunteer efforts from bank associates, and tailored disaster-recovery financial services in Alabama and Georgia. Key grants include $50,000 to Edmundite Missions and $25,000 to the Central Alabama Community Foundation. Furthermore, Regions Bank will waive fees, offer loan assistance, and provide discounts on new loans, demonstrating commitment to community recovery.

Regions Financial Corp. (RF) reported a 12% year-over-year revenue growth for 2022, totaling $7.2 billion. The fourth-quarter net income for common shareholders stood at $660 million, with diluted earnings per share at $0.70. The company achieved record pre-tax pre-provision income of $3.1 billion for the year. Despite a 13% decline in non-interest expenses compared to the previous quarter, the overall performance indicates strong operational leverage with a 3.5% increase reported. Regions' CEO highlighted efforts toward enhancing customer experiences and maintaining robust capital ratios, ensuring a solid foundation for 2023.

The Board of Directors of Regions Financial Corporation (NYSE:RF) announced a cash dividend of $14.25 per share of Series C Preferred Stock.
This dividend is equivalent to approximately $0.35625 per depositary share and is payable on Feb. 15, 2023, to stockholders of record as of Feb. 1, 2023.
Regions Financial has $158 billion in assets and is a prominent provider of banking, wealth management, and mortgage services, operating approximately 1,300 banking offices nationwide.

Regions Financial Corporation (NYSE:RF) will release its Q4 and full-year 2022 financial results on Jan. 20, 2023, before market open. The financial information will be available on their Investor Relations website. A live audio webcast for the results discussion will begin at 10 a.m. ET on the same day, allowing stakeholders to gain insights directly from company executives. Regions serves customers primarily in the South, Midwest, and Texas, with significant assets totaling $158 billion.

Lendbuzz, an AI-driven fintech firm, announced the closure of a $135 million credit facility with Regions Bank to enhance its dealership floor planning portfolio and expand its borrower base. The funding comes after Lendbuzz's acquisition of Shamrock Finance, which has doubled its portfolio capacity. The company uniquely assesses creditworthiness for underserved consumers, including those with non-existent credit histories. CEO Amitay Kalmar emphasized confidence from capital partners, while Regions Bank highlighted its strategic approach to financing.