Regions Financial Corp. - RF STOCK NEWS

Regions Bank has appointed Tom Speir as head of Strategy and Corporate Development, effective immediately. He will lead the bank's mergers and acquisitions strategy, overseeing corporate development initiatives to enhance specialty capabilities and financial services. With over 20 years of experience, Speir previously served as assistant treasurer and head of Balance Sheet Management. Recent successful M&A activities include the acquisition of EnerBank and Sabal Capital Partners. Regions Financial Corporation operates approximately 1,300 banking offices with assets of $161 billion.

Regions Financial Corp. (NYSE:RF) reported a strong performance for Q2 2022, with net income of $558 million and earnings per diluted share of $0.59. Total revenue reached $1.7 billion, reflecting a 10% year-over-year growth, driven by a 15.1% increase in net interest income to $1.1 billion. Pre-tax pre-provision income rose 17% from the previous year, marking a record high. Asset quality improved with non-performing loans declining to 0.39%. The company also declared an 18% increase in dividends and repurchased $15 million in shares, showcasing strong capital management.

The Board of Directors of Regions Financial Corporation (NYSE:RF) has declared cash dividends on various shares, including a $0.20 dividend for common stock, payable on Oct. 3, 2022, to stockholders of record by Sept. 2, 2022. Preferred stock dividends include $15.9375 for Series B, $14.25 for Series C, $1,437.50 for Series D, and $11.125 for Series E, all payable in mid-September 2022. Regions Financial, with $164 billion in assets, is an S&P 500 member and offers a range of banking services.

As the school year approaches, Regions Bank is launching its 13th annual Share the Good campaign, focusing on supporting education through volunteer efforts and supplies.

Teams across various states will provide school supplies, financial support, and volunteer services to local initiatives until July 29, addressing the rising costs faced by families.

Regions Bank emphasizes education as a community priority, engaging in tailored local initiatives to uplift students and teachers amidst financial challenges.

Regions Financial Corp. (NYSE:RF) has announced the dates for its quarterly earnings results in 2023. The company will report earnings before the market opens on January 20, April 21, July 21, and October 20. Following each earnings release, Regions' executives will host conference calls at 10 a.m. ET to discuss the results, accessible via their Investor Relations website. With $164 billion in assets, Regions is a leading full-service provider in banking and financial services across the southern U.S.

Regions Financial Corporation has established a new Commercial Corporate Finance (CCF) team aimed at enhancing its service offerings for Commercial Banking clients. Led by Coulter Warlick, the CCF team focuses on providing expert guidance on financing alternatives, ownership transitions, and risk management. The initiative is designed to address the complex capital needs of businesses amid economic volatility. With $164 billion in assets, Regions Bank continues to evolve its client relationships through tailored banking solutions.

Regions Financial Corp. (NYSE:RF) is set to announce its Q2 2022 financial results on July 22, 2022, before the market opens. A live audio webcast will be held at 10 a.m. ET featuring executive discussions of the results. This event will be available for later viewing on the company’s Investor Relations website. Regions holds $164 billion in assets and offers a full range of banking services, operating about 1,300 banking offices and over 2,000 ATMs across the South and Midwest.