Last $10.18 USD
Change Today +0.03 / 0.30%
Volume 16.2M
RF On Other Exchanges
Symbol
Exchange
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As of 6:40 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

regions financial corp (RF) Snapshot

Open
$10.18
Previous Close
$10.15
Day High
$10.28
Day Low
$10.10
52 Week High
03/21/14 - $11.54
52 Week Low
09/24/13 - $8.84
Market Cap
14.0B
Average Volume 10 Days
8.6M
EPS TTM
$0.82
Shares Outstanding
1.4B
EX-Date
09/10/14
P/E TM
12.4x
Dividend
$0.20
Dividend Yield
1.38%
Current Stock Chart for REGIONS FINANCIAL CORP (RF)

regions financial corp (RF) Related Businessweek News

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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.

23,416 Employees
Last Reported Date: 08/6/14
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
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 Corporation's Chief Administrative Officer David B. Edmonds Plans to Retire, Effective September 2, 2014

Regions Financial Corporation announced that David B. Edmonds, its chief administrative officer, plans to retire after a 20-year career at Regions. Edmonds, 61, joined the company in 1994 as Human Resources director and was named chief administrative officer in 2010. With Edmonds' decision to retire, the company will not fill the chief administrative officer position. Edmonds will step down as chief administrative officer and a member of the Executive Council effective Sept. 2, 2014, but will remain with the company at least through March 2015 so he can assist with the transition of his responsibilities to other executives.

Regions Financial Corporation Launches New Financial Services Group; Announces Executive Appointments to New Financial Services Group

Regions Financial Corporation announced that it has set up a new corporate and investment banking Financial Services Group. The company also reported that the new corporate and investment banking Financial Services Group will be led by Tom Dierdorff. Dierdorff has been appointed senior vice president and group head of Financial Services and managing director of Regions Securities Llc, reporting to John Barton, executive vice president and head of Specialised Industries. Under Dierdorff's leadership, the Group will provide financing, capital markets and strategic solutions to insurance and insurance services companies, asset managers, broker-dealers, exchanges, specialty finance companies, depositories and other financial services businesses. The team will be based in Atlanta, Ga. For the past seven years, Dierdorff has served as managing director in the Financial Services and Technology Investment Banking Group at SunTrust Robinson Humphrey, where he led the insurance investment banking practice. Dierdorff previously worked for 11 years at Wachovia Securities covering insurance, bank and thrift, and other financial institutions clients. Also joining Region's Financial Services Group are Jeff Nicolosi, Chris Whiddon and Peter Wesemeier. Nicolosi, a director in the group, was previously a senior banker in Mergers and Acquisitions and Financial Services Investment Banking at KeyBanc Capital Markets. Whiddon, a vice president, joins Regions from specialty insurance managing general agency Archangel Specialty, where he served as founder and CEO. Whiddon previously worked at Sherman & Company and Wachovia Securities. Wesemeier will serve as senior portfolio manager and financial services credit team leader, overseeing the group's credit underwriting and portfolio management functions. He previously worked at SunTrust Robinson Humphrey and Commerzbank AG.

Regions Financial Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2014; Provides Net Charge-Offs for the Second Quarter Ended June 30, 2014

Regions Financial Corp. reported unaudited consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported net interest income was $822 million against $808 million a year ago. Net income was $267 million against $267 million a year ago. Net income available to common shareholders were $292 million or $0.21 basic and diluted per share against $259 million or $0.18 basic and diluted per share a year ago. Total revenue was $1,279 million against $1,305 million a year ago. Income from continuing operations was $299 million against $268 million a year ago. Income from continuing operations available to common shareholders was $291 million or $0.21 per basic and diluted share against $260 million or $0.18 per diluted share a year ago. Income from continuing operations before income tax was $424 million compared to $390 million a year ago. On Non-GAAP basis, pre-tax pre-provision income from continuing operations was $459 million compared to $421 million a year ago. Adjusted pre-tax pre-provision income from continuing operations (non-GAAP) was $446 million against $469 million a year ago. Adjusted total revenue (non-GAAP) was $1,288 million against $1,310 million a year ago. Tangible common book value as at June 30, 2014 was $8.12 per share against $7.11 a year ago. Return on average assets from continuing operations as on June 30, 2014 was 0.99% against 0.88% as at June 30, 2013. Return on average tangible common stockholders' equity (non-GAAP) as on June 30, 2014 was 10.68% against 10.15% as at June 30, 2013. Common book value per share as on June 30, 2014 was $11.69 against $10.65 as at June 30, 2013. The company’s second quarter results reflect the company's steady progress and its ongoing commitment to meeting a broad range of customer needs in a prudent and sustainable manner. The company increased revenue by growing loans, deposits, checking accounts and quality households. In addition, the company reduced adjusted non-interest expenses, creating positive operating leverage and improved efficiencies. Net interest income was positively impacted by loan growth. However, this improvement was offset by lower asset yields and loan spread compression resulting from the persistently low rate environment and competitive pricing pressures. If rates remain at current levels, modest net interest margin compression is expected going forward. For the second quarter, total net charge-offs were $67 million against $144 million a year ago.

 

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Industry Analysis

RF

Industry Average

Valuation RF Industry Range
Price/Earnings 12.8x
Price/Sales 2.8x
Price/Book 0.9x
Price/Cash Flow 12.3x
TEV/Sales 0.0x
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