Regions Financial Corp. - RF STOCK NEWS

Regions Financial Corporation announced that it will redeem its 3.800% Senior Notes due August 14, 2023, with the redemption taking place on August 23, 2021. Holders of the notes will receive the aggregate redemption price as per the Indenture terms, along with accrued interest up to the redemption date. Regions, with $156 billion in assets, is among the largest full-service banking providers in the U.S., serving various regions through over 1,300 banking offices and about 2,000 ATMs.

Regions Bank launched new financial literacy platforms in partnership with WeAreTeachers and iGrad™, enhancing its Regions Next Step program. The initiative aims to improve financial education for students and parents, offering resources like real-world math activities and money-management tools. Available for K-8 students and college attendees at select institutions, these platforms encourage early financial habit formation. Regions, with $156 billion in assets, aims to support financial readiness for back-to-school and year-round needs through various free tools and resources.

Regions Financial Corporation (NYSE:RF) reported a net income of $748 million and earnings per diluted share of $0.77 for Q2 2021, reflecting a 2% revenue growth year-over-year. Pre-tax pre-provision income rose by 10%. Digital banking enhancements led to a 9% increase in active digital users. The bank also enjoyed 3.9% year-to-date positive operating leverage. However, total revenue decreased 2% compared to Q1 2021, primarily due to reduced non-interest income. Regions reported an improved efficiency ratio of 56.4% and a Common Equity Tier 1 ratio of 10.4%.

Regions Financial Corporation (NYSE:RF) has declared cash dividends for its common and preferred shares. A dividend of $0.17 per common share will be paid on October 1, 2021, to shareholders on record by September 3, 2021. Preferred stock dividends include $15.9375 for Series B, $14.25 for Series C, $1,437.50 for Series D, and $16.19 for Series E, all payable on September 15, 2021. This demonstrates the company's commitment to returning value to its shareholders.

The Regions Foundation announced a $25,000 grant aimed at supporting families affected by the June 24 collapse of the Champlain Towers South condominium in Surfside. The funds will be directed to the United Way of Miami-Dade’s Operation Helping Hands disaster-recovery fund. Executive Director Marta Mendes-Miguel Self emphasized the community's unity during this tragic time, aiming to assist those grieving losses and rebuilding their lives. The Regions Foundation is committed to various community initiatives, enhancing resilience and well-being across the region.

Regions Bank has announced a new digital solution aimed at enhancing the construction lending process for homebuilders and developers. Collaborating with Built, this cloud-based platform streamlines loan management by connecting builders, inspectors, and lenders. Key features include real-time availability, draw requests, and business analytics. Since its launch, operational improvements have reduced draw turnaround times by over 50%. Regions, a significant player in consumer and commercial banking with $153 billion in assets, is committed to simplifying banking through technology.

Regions Financial Corp. (NYSE:RF) announced the schedule for its quarterly earnings reports in 2022. The earnings announcements will occur pre-market, with the first scheduled for January 21, 2022, and subsequent reports on April 22, July 22, and October 21. Each quarterly report will be followed by a conference call hosted by Regions' executives at 10 a.m. ET. This initiative reflects the company’s commitment to transparency and shareholder engagement, ensuring stakeholders have timely access to financial performance updates.