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Regions Financial Corp (RF)

RF on New York Consolidated

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25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Regions Financial sees 2017 net interest income, other financing income growth of 3 pct-5 pct - SEC filing
Monday, 7 Aug 2017 08:47am EDT 

Aug 7 (Reuters) - Regions Financial Corp :Sees 2017 net interest income and other financing income growth of 3 percent to 5 percent - SEC filing.  Full Article

Regions Financial says cooperating with investigation by U.S. attorney’s office - SEC filing‍​
Friday, 4 Aug 2017 02:46pm EDT 

Aug 4 (Reuters) - Regions Financial Corp ::Cooperating with investigation by United States attorney’s office for the eastern district of New York - SEC filing‍​.Investigation on co's banking relationship with former customer, accounts maintained by entities, individuals affiliated with customer.  Full Article

Regions Financial announces results of tender offer for 2.00% senior notes
Thursday, 18 Aug 2016 06:21pm EDT 

Regions Financial Corp : Regions Financial Corporation announces results of tender offer for 2.00% senior notes due 2018 .Says received tenders for an aggregate principal amount of $649.2 million of its outstanding 2.00% senior notes due 2018.  Full Article

Regions Financial announces consideration for tender offer for 2.00 pct senior notes due 2018
Thursday, 18 Aug 2016 03:12pm EDT 

Regions Financial Corp: Regions Financial Corporation announces consideration for tender offer for 2.00 pct senior notes due 2018 .Tender offer will expire on August 18, 2016.  Full Article

Regions Financial says reached settlement amount with DOJ on behalf of HUD - SEC filing
Friday, 5 Aug 2016 12:22pm EDT 

Regions Financial: Settlement will not have material effect on consolidated financial position, results of operations or cash flows as a whole .Reached agreement in principle on settlement amount with DOJ on behalf of U.S. department of Housing and Urban development - sec filing.  Full Article

Regions Financial sees 2016 average loan growth of 3-5 pct
Monday, 25 Jul 2016 04:52pm EDT 

Regions Financial Corp : Sees 2016 average loan growth of 3% - 5% . Sees 2016 net interest income and other fianncing income up 2%-4% .Sees 2016 net charge-offs of 25 - 35 bps; continue to expect to be at top end of range - sec filing.  Full Article

Regions Financial reports Q2 earnings per share of $0.20
Tuesday, 19 Jul 2016 06:32am EDT 

Regions Financial Corp : Q2 net interest income $848 million versus $820 million last year . Regions Financial Corp qtrly net interest margin (FTE) 3.15 percent versus 3.16 percent . Regions Financial Corp qtrly average loans and leases totaled $82 billion, an increase of 1 percent versus q1 of 2016 . Incurred $3 million of additional legal and regulatory charges related to pending settlement of previously disclosed matters . Charges incurred in quarter related to ongoing efficiency efforts as company executes its plan to eliminate $300 million in expenses through 2018 . Qtrly net charge-offs totaled $72 million, a 5 percent increase from previous quarter . Regions reports earnings of $259 million and earnings per share of $0.20 for the second quarter of 2016 . Q2 earnings per share $0.20 . Q2 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Q2 revenue $1.4 billion . Q2 earnings per share $0.20 from continuing operations . In Q2, co incurred $22 million of property-related costs related to consolidation of 60 branches, occupancy optimization initiatives . Branches are expected to close in q4 of 2016 . Including 60 branches, announced consolidation of 90 branches as part announcement to consolidate 100 to 150 branches through 2018 . Company benefited from a $6 million FDIC insurance refund related to overpayments in prior periods . Regions Financial Corp qtrly Basel III Common Equity Tier 1 Ratio (Non-gaap) is 10.7% versus 11.1%.  Full Article

Regions Financial Corp announces $640 mln share buyback
Thursday, 14 Jul 2016 03:30pm EDT 

Regions Financial Corp: Regions Financial Corporation announces $640 million common stock repurchase program and declares quarterly common and preferred stock dividends .Authority granted under repurchase program expires on June 30, 2017.  Full Article

Regions Financial announces CCAR results
Wednesday, 29 Jun 2016 05:04pm EDT 

Regions Financial Corp : Regions Financial Corp announces CCAR results . Federal Reserve indicated it does not object to company's capital plan and proposed capital actions for Q3 of 2016 . Regions may undertake as outlined in its capital plan include repurchase of up to $640 million in common shares . Continuing $0.065 quarterly common stock dividend which Regions' board of directors approved in May .Capital plan also provides potential for a dividend increase beginning in Q2 of 2017.  Full Article

Ebix says expanding existing credit facility to $400 mln from $240 mln
Monday, 20 Jun 2016 07:27am EDT 

Ebix Inc : Says expansion of its existing credit facility from $240 million to $400 million, to fund its growth and share repurchase initiatives . Now has access to total funds of about $250 million to fund any of its working capital or any other growth and share repurchase initiatives . Says new credit facility also allows for up to $100 million of incremental facilities .Ebix increases credit facility to $400 million with the ability to upsize to $500 million via an accordian option.  Full Article

BRIEF-Regions Financial sold $1 bln aggregate principal amount of 2.75 pct senior notes - SEC filing

* Regions Financial Corp says ‍on August 14, co issued and sold $1 billion aggregate principal amount of 2.750 percent senior notes due 2022 of co - SEC filing Source text: (http://bit.ly/2wYq83i) Further company coverage: