Regions Financial Corp. - RF STOCK NEWS

Regions Bank's financial education program, Regions Next Step, highlights the need for holiday budget planning amid pandemic-induced financial strains. A survey of 1,140 U.S. adults reveals that 48% have a holiday budget, yet only 14% feel fully prepared. Key findings show 37% plan to spend less compared to 2019 and 61% will reduce gift-giving expenses. Regions encourages consumers to utilize free resources for budgeting, manage spending realistically, and protect their purchases during the holiday season.

Capitalmind, Investec, and Regions Securities have formed a strategic partnership to enhance their corporate finance and M&A advisory operations. This alliance aims to boost access to cross-border transactions for middle market clients globally, strengthening capabilities with over 300 investment professionals. The partnership spans various sectors, including Aviation, Healthcare, and Technology, providing clients with extensive buyer access and acquisition opportunities. The firms emphasize a client-centric approach to cater to the growing multinational demands of their clientele.

Regions Financial Corporation (NYSE:RF) is set to participate in the Stephens Annual Investment Conference on November 17, 2020. The conference will feature a virtual fireside chat with Regions executives starting at 2:00 p.m. ET. Interested participants can access the live webcast on the company's Investor Relations page. Regions Financial Corporation, with $145 billion in assets, is a leading full-service provider in banking and financial services, operating approximately 1,400 banking offices and 2,000 ATMs across the South, Midwest, and Texas.

Regions Financial Corporation (NYSE:RF) will participate in the Bank of America Securities Future of Financials Conference on November 9, 2020. The event features a virtual fireside chat with company executives starting at 3:20 p.m. ET. Investors can access the live webcast on the Investor Relations page. Regions, with $145 billion in assets, is a major player in consumer and commercial banking, wealth management, and mortgage services, serving customers across the South, Midwest, and Texas through approximately 1,400 banking offices.

Regions Financial Corporation (NYSE:RF) reported a strong performance for Q3 2020, with net income of $501 million, a 30% increase year-over-year. Earnings per share rose to $0.52, up 33%. Total revenue also grew by 10% from the previous year, while pre-tax pre-provision income increased by 20%. Adjusted revenue rose 7%, and the company achieved positive operating leverage of 2.4%. Despite ongoing economic challenges, Regions maintained strong customer focus and controlled expenses, leading to improved efficiency and customer satisfaction rankings.

The Regions Financial Corporation (NYSE:RF) Board of Directors has announced cash dividends for its common and preferred shares. The common stock dividend is set at $0.155, payable on January 4, 2021, to shareholders on record by December 4, 2020. Preferred shares will see dividends as follows: $15.9375 for Series A and B (payable on December 15, 2020) and $14.25 for Series C (payable on November 16, 2020). Series D will deliver $1,437.50 on the same date as Series A and B. Regions manages approximately $144 billion in assets.

Regions Bank has announced financial services to assist those impacted by Hurricane Delta in Louisiana. The offerings include fee waivers for FEMA checks, 15 days of no ATM fees for both bank clients and non-clients, penalty-free CD withdrawals, and a 0.50% interest rate discount on new personal loans. Additionally, the bank provides payment extensions for credit card holders and disaster relief loan programs. The initiatives aim to facilitate recovery in affected areas.