Regions Financial (RF-PF) Q2 2024 Earnings Report

Regions Financial Corporation (RF-PF) delivered a solid QQ2 2024 performance characterized by stable revenue and a resilient profit profile in a challenging rate environment. Revenue totaled $2.307 billion, down 0.35% year-over-year but up 0.87% quarter-over-quarter, with net income of $501 million and earnings per share of $0.52. The company posted an operating income of $625 million and a net margin of approximately 21.7%, supported by a gross margin of about 70.6%. Despite a modest internal rate of return (ROE ~2.9%), Regions maintains a robust liquidity and capital position, as evidenced by ample cash and short-term investments, a strong balance sheet, and a shareholder-friendly capital plan (dividends and modest share repurchases).