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RF — Regions Financial News Story

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Regions Financial Q3 adjusted revenue beats estimates on strong Wealth and Capital Markets performance

Corrects revenue in Key Details table to $1.92 bln, from $1.91 bln

Overview

Regions Financial Q3 adjusted rev beats estimates, driven by wealth and capital markets

Adjusted EPS for Q3 increased 11% year-over-year

Company repurchased 10 mln shares for $251 mln, indicating financial confidence

Outlook

Regions expects to maintain peer-leading ROATCE in 2025

Company highlights strong capital position and liquidity as differentiators

Regions focuses on long-term value creation through technology and growth initiatives

Result Drivers

WEALTH MANAGEMENT - Co achieved a record quarter in Wealth Management income, driven by elevated sales activity and favorable market conditions

CAPITAL MARKETS - Record performance in Capital Markets income, attributed to higher M&A advisory services, commercial swaps sales, loan syndications, and securities underwriting

SERVICE CHARGES - Increase in service charges due to more account openings, seasonally higher activity, and one additional business day

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$1.92 bln
Q3 Adjusted RevenueBeat$1.94 bln$1.92 bln (19 Analysts)
Q3 Adjusted EPS$0.63
Q3 EPS$0.61
Q3 Net Income$569 mln
Q3 Net Interest Income$1.25 bln
Q3 Credit Loss Provision$105 mln
Q3 Net Interest Margin3.59%
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the banks peer group is "buy" Wall Street's median 12-month price target for Regions Financial Corp is $29.00, about 19.5% above its October 16 closing price of $23.35 The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: ID:nBw5Ctl0Ra For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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