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Regions Financial Corp RF

Morningstar Rating
$19.06 −0.06 (0.31%)
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Company Report

Regions Financial Earnings: Mixed Quarter, 2024 Outlook Mostly Reiterated; Maintaining Fair Value

Regions Financial reported a mixed start to 2024. First-quarter adjusted revenue edged out the FactSet consensus estimate of $1.75 billion, and adjusted earnings per share of $0.46 came in a penny above the consensus estimate of $0.45, by our calculations. Net interest income is still bottoming out but is performing as expected. Operating expenses were elevated, and the firm’s credit trends, while still healthy, mostly worsened. Regions largely maintained its 2024 outlook. We will maintain our no-moat rating and $22 fair value estimate.

Price vs Fair Value

RF is trading at a 433% premium.
Price
$19.12
Fair Value
$43.00
Uncertainty
High
1-Star Price
$55.40
5-Star Price
$25.70
Economic Moat
Msnc
Capital Allocation
Chtpbzqm

Bulls Say, Bears Say

Bulls

A strong economy and higher rates are positives for the banking sector and are much preferable to the zero-rate environment banks were previously stuck in.

Bears

There are few positive catalysts left for the banks. Funding costs are running higher, net interest income has likely peaked, higher regulatory scrutiny is likely, and a potential recession with higher charge-offs may be around the corner.

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News

Trading Information

Previous Close Price
$19.12
Day Range
$18.9419.28
52-Week Range
$13.7221.08
Bid/Ask
$18.69 / $19.32
Market Cap
$17.46 Bil
Volume/Avg
5.9 Mil / 7.6 Mil

Key Statistics

Price/Earnings (Normalized)
9.52
Price/Sales
2.47
Dividend Yield (Trailing)
4.83%
Dividend Yield (Forward)
5.04%
Total Yield
6.85%

Company Profile

Regions Financial is a regional bank headquartered in Alabama, with branches primarily in the Southeastern and Midwestern United States. Regions primarily provides traditional commercial and retail banking and also offers mortgage services, asset management, wealth management, securities brokerage, and trust services.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Mid Value
Total Number of Employees
19,641

Competitors

Valuation

Metric
RF
PNC
WFC
Price/Earnings (Normalized)
9.5211.3311.46
Price/Book Value
1.161.181.28
Price/Sales
2.472.902.64
Price/Cash Flow
6.368.257.71
Price/Earnings
RF
PNC
WFC

Financial Strength

Metric
RF
PNC
WFC
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
RF
PNC
WFC
Return on Assets (Normalized)
1.26%1.13%1.00%
Return on Equity (Normalized)
12.85%14.50%11.72%
Return on Invested Capital (Normalized)
Return on Assets
RF
PNC
WFC
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