Welcome to our dedicated page for Regions Financl news (Ticker: RF), a resource for investors and traders seeking the latest updates and insights on Regions Financl stock.
Regions Financial Corporation (NYSE: RF) provides banking, wealth management, and mortgage services across the Southern and Midwestern U.S. This news hub offers investors and stakeholders timely updates about the company’s financial performance and community-focused initiatives.
Access all official press releases, earnings reports, and market analyses in one centralized location. Track developments in consumer banking innovations, commercial lending expansions, and regulatory compliance updates that shape RF’s position as a leading regional financial institution.
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Regions Financial Corp. (NYSE:RF) reported a 16% year-over-year revenue growth for Q3 2022, reaching $1.9 billion, primarily driven by increased net interest income. The net income available to common shareholders was $404 million, translating to an EPS of $0.43. Pre-tax pre-provision income grew by 27% on an adjusted basis, marking a record high. However, non-interest income decreased by 5.5% compared to the previous quarter. The company maintains a strong capital position with a Tier 1 capital ratio of 10.6%.
The Regions Financial Corporation (NYSE:RF) declared cash dividends on its common and preferred shares. Common stockholders will receive $0.20 per share, payable on January 3, 2023. Preferred 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 December 2022 and November 2022. Regions Financial has $161 billion in assets and operates approximately 1,300 banking offices across the South, Midwest, and Texas.
Regions Bank has appointed Jason Scott as managing director and head of Conventional Loan Production for its Real Estate Capital Markets Group and Sabal Capital Partners. Based in Atlanta, Scott will lead multifamily loan production, focusing on expanding Fannie Mae and Freddie Mac opportunities. Previously with Arbor Realty Trust, he holds significant experience in commercial real estate finance, closing over $1 billion in loans. Scott's return to Regions aims to leverage his expertise to enhance client services and augment loan production.
Regions Bank has launched a new digital solution that enables Corporate Banking clients to send real-time payments via the RTP® network. This enhancement, part of the iTreasury platform, aims to improve clients' cash flow by facilitating instant digital payments. The service allows clients to handle various payment needs efficiently. Future enhancements include the upcoming Regions CashFlowIQ, set to launch in 2023, which will streamline accounts payable and receivable processes. Regions Financial Corporation, with $161 billion in assets, operates approximately 1,300 banking offices across the South, Midwest, and Texas.
Regions Financial Corporation has appointed Sean Creedon as senior vice president and relationship manager in its Affordable Housing Division. Based in San Francisco, Creedon will focus on sourcing affordable housing transactions across key Western markets, including California, Oregon, Nevada, and Arizona. With over 17 years of experience in the industry, he aims to expand Regions' geographic reach and enhance access to affordable housing in urban areas. Regions Bank is a major participant in affordable housing finance and aims to support financial transactions that benefit families in need.
Regions Financial Corp. (NYSE:RF) will participate in the BancAnalysts Association of Boston (BAAB) Conference on November 3, 2022, at approximately 8:10 a.m. ET. A live webcast of the presentation will be available on Regions’ Investor Relations website, with a recording available afterward. Regions Financial, a major player in consumer and commercial banking with $161 billion in assets, operates around 1,300 banking offices and 2,000 ATMs across the South, Midwest, and Texas.
Regions Bank announced new financial services and a $225,000 grant from the Regions Foundation to support Hurricane Ian recovery efforts. Allocations include $100,000 to the American Red Cross and $50,000 to the United Way of Lee County. Regions is providing tailored disaster-recovery services such as waived fees on ATM transactions for impacted customers, payment deferrals on loans, and reduced interest rates on new loans. Most of Regions' 234 branches in Florida are operational, aiding local recovery.
Regions Bank announced a settlement with the Consumer Financial Protection Bureau (CFPB) on Sept. 28, 2022, concerning an overdraft fee they ceased charging over a year ago. The settlement includes a
Regions Bank has appointed Kelly Henderson as syndications lead for its Affordable Housing group within the Real Estate Capital Markets division. Based in Great Neck, New York, Henderson brings over 30 years of experience in the Low-Income Housing Tax Credit (LIHTC) industry, having closed over
