Regions Financial Nets $2.0 Billion Amid Rate Pressures and Deposit Shifts
Regions Financial CorporationDescription
What this story covers
Regions Financial reported 2 point 0 billion dollars net income in 2023. Net interest income rose to 5 point 4 billion dollars on a 3 point 90 percent margin. This was offset by higher credit provisions and a 119 million dollar FDIC assessment. Loans grew 1 point 4 percent to 98 point 4 billion dollars. Deposits fell 3 percent to 127 point 8 billion dollars. CET1 ratio at 10 point 26 percent, projecting stable 2024 growth amid moderating rates and economic normalization.
Story snapshot
CompanyRegions Financial Corporation
TickerRF
VariantStandard detailed
Duration13:41
Filing type10-K
PeriodAnnual 2023
IndustryFinancial Services
Accession0001281761-24-000010
Full Story Script
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