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Regions Financial Corporation (NYSE: RF), headquartered in Birmingham, Alabama, is a leading member of the S&P 500 Index. With assets totaling $125 billion, Regions operates as one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. The company serves customers across 16 states located in the South, Midwest, and Texas through its subsidiary, Regions Bank, which operates approximately 1,630 banking offices and 2,000 ATMs.
Core Business and Offerings
Regions Financial is committed to enhancing the financial well-being of its customers through a comprehensive range of services. Its core operations include traditional retail and commercial banking, mortgage services, asset management, wealth management, securities brokerage, and trust services. These services are designed to meet the diverse financial needs of individuals, businesses, and communities.
Mission and Values
At the heart of Regions’ operations is its vibrant mission: to make life better. This mission extends to its associates, customers, and communities, guiding the company’s pursuit of creating strong, consistent shareholder value. The company's five core values—Do What Is Right, Put People First, Reach Higher, Focus on Your Customer, and Enjoy Life—are integral to its corporate culture and service approach.
Recent Achievements and Initiatives
Regions Financial is not only a leader in banking but also prioritizes sustainability and community involvement. Recently, the bank has made significant strides in environmental initiatives, such as carbon capture, utilization, and storage (CCUS). By partnering with various clients, Regions helps promote sustainable practices that align with their commitment to environmental stewardship.
Another notable initiative is Regions Bank’s longstanding partnership with Habitat for Humanity, contributing to affordable housing solutions and community development. This program underscores Regions' dedication to social responsibility and creating lasting positive impacts in the communities they serve.
Financial Condition and Outlook
Regions Financial continues to demonstrate robust financial health, successfully navigating market fluctuations while maintaining a stable growth trajectory. The company remains well-capitalized and strategically positioned to leverage opportunities and mitigate risks, ensuring long-term value for its shareholders.
Partnerships and Community Engagement
Regions Financial’s commitment to excellence is further reflected in its collaborations and partnerships. The company's relationship with organizations such as Visa Inc. and various community-based initiatives highlight its proactive approach to forging meaningful partnerships that enhance service delivery and community engagement.
For more information about Regions Financial Corporation and its latest updates, visit their official website or view their full community and privacy & security policy here.
Regions Financial Corporation (NYSE:RF) will announce its quarterly earnings results before market open on specific dates, now hosting calls at 10 a.m. ET instead of 11 a.m. ET. The first quarter announcement is scheduled for April 23, 2021, followed by the second quarter on July 23, 2021, and the third quarter on October 22, 2021. Regions, a leading financial services provider with $147 billion in assets, operates over 1,300 banking offices and 2,000 ATMs across multiple states.
Regions Financial Corp. (NYSE:RF) will present at the RBC Capital Markets Global Financial Institutions Conference on March 9, 2021. The presentation will include a fireside chat with executives starting at 11:20 a.m. ET. Investors can listen live via Regions’ Investor Relations page, where a replay will also be available post-event. With $147 billion in assets, Regions is a leading full-service bank in the U.S., serving customers across various states through over 1,300 branches and 2,000 ATMs.
Regions Bank announced the appointment of Andrew Nix as its chief governance officer, effective March 17. Nix will advise the Regions Financial Corporation Board and management on corporate governance best practices, while liaising with institutional shareholders. He brings extensive legal experience in banking, corporate governance, and compliance from Maynard Cooper & Gale PC. The bank, with $147 billion in assets, aims to enhance its governance framework to support its commitment to stakeholders, as stated by Tara Plimpton, chief legal officer.
The Regions Financial Corporation (NYSE:RF) Board of Directors has declared cash dividends for its common and preferred shares. Common shareholders will receive a dividend of $0.155 per share, payable on April 1, 2021. Preferred shareholders will receive $15.9375 per share for both Series A and Series B, with payments scheduled for March 15, 2021. Series D shareholders will receive $1,437.50 per share, also payable on March 15, 2021. These dividends reflect the company’s commitment to returning capital to shareholders.
Regions Financial Corp. (NYSE:RF) will participate in the Credit Suisse Virtual Financial Services Forum on February 24, 2021, with a fireside chat starting at 9:40 a.m. ET. This event will be accessible via a live webcast on Regions' Investor Relations page. Regions Financial, holding $147 billion in assets, is part of the S&P 500 and operates approximately 1,400 banking offices and 2,000 ATMs across the South, Midwest, and Texas through Regions Bank. A replay will be available post-event.
Regions Bank announced Abbas Merchant as the new chief marketing officer, succeeding Michele Elrod. Merchant, who has prior experience at M&T Bank and U.S. Bancorp, aims to enhance customer engagement and elevate the bank’s market presence. Elrod's retirement, effective this month, follows her impactful tenure where she led successful marketing initiatives, including the LifeGreen brand. Regions Financial, with $147 billion in assets, is one of the largest banking providers in the U.S.
Regions Financial Corporation (NYSE:RF) reported substantial growth in its Q4 and full-year 2020 earnings. Q4 net income rose to $588 million, up 61% year-over-year, resulting in diluted EPS of $0.61. For the full year, net income available to common shareholders was $991 million, with revenue increasing by 7%. Adjusted pre-tax pre-provision income climbed 9%. The company showcased strong operating leverage of 2.7% on reported and 2.6% on adjusted basis. CEO John Turner highlighted successful execution and innovation during the challenging COVID-19 environment.
The Regions Financial Corporation (NYSE:RF) has declared a cash dividend of $14.25 per share of Series C Preferred Stock, equivalent to approximately $0.35625 per depositary share. This dividend is payable on February 16, 2021, to stockholders of record at the close of business on February 1, 2021. With assets totaling $145 billion, Regions is a leading financial provider operating around 1,400 banking offices and 2,000 ATMs across the southern, midwestern, and Texan regions.
Regions Bank has introduced exclusive debit cards and checks to commemorate the Alabama Crimson Tide's victory in the College Football Playoff National Championship. The commemorative debit cards can be ordered for $10 and are accessible to all Regions Bank consumer checking account holders. Additionally, checks are available through Regions’ online platform. The announcement signals the bank's support for collegiate athletics, especially in the SEC, where they have a strong presence. Regions Financial Corporation, with $145 billion in assets, is a major banking provider in the South and Midwest.
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