Last $10.55 USD
Change Today -0.08 / -0.75%
Volume 12.2M
RF On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

regions financial corp (RF) Snapshot

Open
$10.47
Previous Close
$10.63
Day High
$10.62
Day Low
$10.42
52 Week High
03/21/14 - $11.54
52 Week Low
09/24/13 - $8.84
Market Cap
14.5B
Average Volume 10 Days
9.0M
EPS TTM
$0.79
Shares Outstanding
1.4B
EX-Date
06/11/14
P/E TM
13.4x
Dividend
$0.20
Dividend Yield
1.33%
Current Stock Chart for REGIONS FINANCIAL CORP (RF)

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regions financial corp (RF) Details

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. The company operates in three segments: Business Services, Consumer Services, and Wealth Management. The Business Services segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services. This segment serves corporate, middle market, small business, and commercial real estate developers and investors. The Consumer Services segment provides consumer banking products and services related to residential first mortgages, home equity lines and loans, indirect loans, consumer credit cards, and other consumer loans, as well as the corresponding deposit relationships. The Wealth Management segment offers wealth management products and services comprise credit related products, trust and investment management, asset management, retirement and savings solutions, estate planning, and commercial insurance products to individuals, businesses, governmental institutions, and non-profit entities. It provides insurance coverage for various lines of personal and commercial insurance, such as property, casualty, life, health, and accident insurance; insurance products, such as title, mortgage, crop, term life, accidental death and dismemberment, and environmental insurance, as well as debt cancellation products; and commercial equipment financing products, as well as securities and advisory services through financial consultants. As of December 31, 2013, the company operated approximately 2,029 ATMs and 1,705 banking offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia. Regions Financial Corporation was founded in 1971 and is headquartered in Birmingham, Alabama.

23,687 Employees
Last Reported Date: 05/7/14
Founded in 1971

regions financial corp (RF) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $975.0K
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $607.3K
Head of The General Bank and Senior Executive...
Total Annual Compensation: $618.8K
Chief Administrative Officer and Senior Execu...
Total Annual Compensation: $597.3K
Senior Executive Vice President, General Coun...
Total Annual Compensation: $533.8K
Compensation as of Fiscal Year 2013.

regions financial corp (RF) Key Developments

Regions Financial Corp. Signs the Settlement Agreement with the Securities and Exchange Commission

Regions Financial Corp. has agreed to pay $51 million in a settlement with federal and Alabama regulators over alleged faulty accounting of loans that inflated the bank's income in financial reports. Regions signed the settlement with the Securities and Exchange Commission, the Federal Reserve and Alabama's Department of Banking. The SEC also agreed not to pursue legal action against Regions, saying the bank had cooperated with the agency's investigation and taken significant steps to correct problems. In addition, the SEC announced Wednesday it has settled related civil fraud charges with two former senior managers of Regions Bank and is pursuing its case against a third.

Regions Financial Corporation Announces Board Changes

Regions Financial Corporation announced that it has realigned its business units and geographical leadership, creating a General Bank, which consists of the businesses that serve retail, wealth management, and small business customers, and a Corporate Bank, which consists of the businesses that serve middle-market and larger commercial clients. John Owen, Head of Business Lines, has been named head of the General Bank, and South Region President John Turner has been named head of the Corporate Bank. Separately, John Asbury, who previously led the Business Services Group, has resigned due to family considerations that require relocation. Bill Horton, the North Central Alabama Area President, will succeed Turner as president of the South Region, which encompasses Alabama, Mississippi, South Louisiana, and the Florida Panhandle, and he will join the company's Operating Committee and report to John Owen. Leroy Abrahams, currently head of Strategic and Corporate Planning, has been named North Central Alabama Area President, succeeding Horton. John Owen has served as head of Business Lines for Regions since 2012. Previously he led Regions' Consumer Services Group from 2009 to 2012 and has also led Operations and Technology. Before joining Regions in 2007, he served as chief executive officer of Assurant Specialty Property, a Fortune 500 company based in Atlanta, Georgia. Owen began his service at Assurant in 1998 as senior vice president of Information Technology. John Turner has served as president of the South Region since 2011, when he joined Regions. Turner was previously president of Whitney National Bank and Whitney Holding Corporation and served on Whitney's bank and holding company Boards of Directors from 2008 until 2011. Turner joined Whitney in 1994 as its Alabama regional president after serving in senior consumer and business positions with AmSouth Bank. Bill Horton has served as North Central Alabama Area President since 2008. Horton joined the AmSouth Management Training Program in 1974 and served throughout the bank's branch system. He has managed several areas in both Consumer and Business Services throughout his career including the BankCard, Consumer Lending and Business Banking departments.

Regions Financial Seeks Acquisitions

Regions Financial Corporation (NYSE:RF) is looking for acquisition opportunities. Regions Financial wants to start thinking about bank mergers and acquisitions. It wants to look at opportunities to acquire portfolios and to build shareholder value.

 

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Industry Analysis

RF

Industry Average

Valuation RF Industry Range
Price/Earnings 13.8x
Price/Sales 2.9x
Price/Book 0.9x
Price/Cash Flow 13.3x
TEV/Sales 0.1x
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