Regions Financial Corporation (RF) Financial Statements (2024 and earlier)

Company Profile

Business Address 1900 FIFTH AVENUE NORTH
BIRMINGHAM, AL 35203
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,756,00029,875,00018,344,0004,564,0003,967,0004,170,000
Cash and cash equivalents11,227,00029,411,00017,956,0004,114,0003,538,0003,981,000
Short-term investments 529,000464,000388,000450,000429,000189,000
Total current assets:11,756,00029,875,00018,344,0004,564,0003,967,0004,170,000
Noncurrent Assets
Operating lease, right-of-use asset 474,000459,000475,000 
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases 212,000220,000222,000 
Property, plant and equipment1,718,0001,814,0001,897,0001,960,0002,045,0002,064,000
Long-term investments and receivables 153,000136,000   20,000
Long-term investments 153,000136,000   20,000
Intangible assets, net (including goodwill)5,982,0006,049,0005,312,0004,950,0004,944,0005,081,000
Goodwill5,733,0005,744,0005,190,0004,845,0004,829,0004,904,000
Intangible assets, net (excluding goodwill)249,000305,000122,000105,000115,000177,000
Amortization method qualified affordable housing project investments      1,144,000
Total noncurrent assets:8,539,0008,678,0007,906,0006,910,0006,989,0008,309,000
Other undisclosed assets134,925,000124,385,000121,139,000114,766,000114,732,000111,815,000
TOTAL ASSETS:155,220,000162,938,000147,389,000126,240,000125,688,000124,294,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   2,050,0001,600,000500,000
Total current liabilities:   2,050,0001,600,000500,000
Noncurrent Liabilities
Other undisclosed liabilities139,269,000144,612,000129,278,000107,895,000108,998,000107,602,000
Total liabilities:139,269,000144,612,000129,278,000109,945,000110,598,000108,102,000
Equity
Equity, attributable to parent, including:15,947,00018,326,00018,111,00016,295,00015,090,00016,192,000
Common stock10,00010,00010,00010,00011,00012,000
Treasury stock, value(1,371,000)(1,371,000)(1,371,000)(1,371,000)(1,371,000)(1,377,000)
Additional paid in capital11,988,00012,189,00012,731,00012,685,00013,766,00015,858,000
Accumulated other comprehensive income (loss)(3,343,000)289,0001,315,000(90,000)(964,000)(749,000)
Retained earnings7,004,0005,550,0003,770,0003,751,0002,828,0001,628,000
Other undisclosed equity, attributable to parent1,659,0001,659,0001,656,0001,310,000820,000820,000
Equity, attributable to noncontrolling interest4,000     
Total equity:15,951,00018,326,00018,111,00016,295,00015,090,00016,192,000
TOTAL LIABILITIES AND EQUITY:155,220,000162,938,000147,389,000126,240,000125,688,000124,294,000

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,066,0004,044,00084,0004,622,0004,378,0005,469,000
Net investment income5,066,0004,044,00042,0004,568,0004,308,0003,874,000
Financial services revenue1,501,000
Cost of revenue(271,000) (1,312,000)(430,000)(285,000)(225,000)
Cost of goods and services sold    (43,000)(56,000)(75,000)
Provision for loan, lease, and other losses(271,000) (1,312,000)(387,000)(229,000)
Financial services costs(150,000)
Gross profit:4,795,0004,044,000(1,228,000)4,192,0004,093,0005,244,000
Operating expenses(300,000)(303,000)(313,000)(513,000)(265,000)(2,487,000)
Other operating income, net
(Noninterest Income, Other Operating Income)
      604,000
Operating income (loss):4,495,0003,741,000(1,541,000)3,679,0003,828,0003,361,000
Nonoperating income
(Investment Income, Nonoperating)
      
Interest and debt expense(316,000)(167,000)(368,000)(867,000)(602,000)(373,000)
Income (loss) from continuing operations before equity method investments, income taxes:4,179,0003,574,000(1,909,000)2,812,0003,226,0002,988,000
Other undisclosed income (loss) from continuing operations before income taxes  3,223,000(827,000)(1,271,000)(1,117,000)
Income from continuing operations before income taxes:4,179,0003,574,0001,314,0001,985,0001,955,0001,871,000
Income tax expense(631,000)(694,000)(220,000)(403,000)(387,000)(614,000)
Income from continuing operations:3,548,0002,880,0001,094,0001,582,0001,568,0001,257,000
Income before gain (loss) on sale of properties:2,880,0001,094,0001,582,0001,759,0001,263,000
Income from discontinued operations     191,0006,000
Net income:3,548,0002,880,0001,094,0001,582,0001,759,0001,263,000
Other undisclosed net loss attributable to parent(1,303,000)(359,000)    
Net income attributable to parent:2,245,0002,521,0001,094,0001,582,0001,759,0001,263,000
Preferred stock dividends and other adjustments(99,000)(121,000)(103,000)(79,000)(64,000)(64,000)
Net income available to common stockholders, diluted:2,146,0002,400,000991,0001,503,0001,695,0001,199,000

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:3,548,0002,880,0001,094,0001,582,0001,759,0001,263,000
Other comprehensive income (loss)(3,632,000)(1,026,000)1,405,000874,000(215,000)(66,000)
Comprehensive income (loss):(84,000)1,854,0002,499,0002,456,0001,544,0001,197,000
Other undisclosed comprehensive loss, net of tax, attributable to parent(1,303,000)(359,000)    
Comprehensive income (loss), net of tax, attributable to parent:(1,387,000)1,495,0002,499,0002,456,0001,544,0001,197,000

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: