Regions Financial Corporation (RF) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,5643,9674,1705,5755,4574,0045,273
Cash and cash equivalents4,1143,5383,9815,4515,3144,0045,273
Short-term investments450429189124143  
Disposal group, including discontinued operation    448  
Total current assets:4,5643,9674,1705,5755,9054,0045,273
Noncurrent Assets
Property, plant and equipment1,9602,0452,0642,0962,1522,1932,216
Long-term investments and receivables  202126944863
Long-term investments  202126944863
Intangible assets, net (including goodwill)4,9504,9445,0815,1255,1375,0915,111
Goodwill4,8454,8294,9044,9044,8784,8164,816
Intangible assets, net (excluding goodwill)105115177221259275295
Defined benefit plan, assets for plan benefits37   
Amortization method qualified affordable housing project investments  1,1441,013 
Total noncurrent assets:6,9106,9898,3098,2927,3158,2288,190
Other undisclosed assets114,766114,732111,815112,101112,830107,447103,933
TOTAL ASSETS:126,240125,688124,294125,968126,050119,679117,396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   42   
Employee-related liabilities   42   
Debt2,0501,600500 102,2532,182
Total current liabilities:2,0501,60050042102,2532,182
Noncurrent Liabilities
Liabilities, other than long-term debt   164   
Liability, pension and other postretirement and postemployment benefits   164  
Total noncurrent liabilities:   164   
Other undisclosed liabilities107,895108,998107,602109,098109,196100,43799,446
Total liabilities:109,945110,598108,102109,304109,206102,690101,628
Temporary equity, carrying amount    820884 
Stockholders' equity
Stockholders' equity attributable to parent, including:16,29515,09016,19216,66416,84416,98915,768
Common stock10111213131414
Treasury stock, value(1,371)(1,371)(1,377)(1,377)(1,377)(1,377)(1,377)
Additional paid in capital12,68513,76615,85817,09217,88318,76719,216
Accumulated other comprehensive loss(90)(964)(749)(550)(380)(238)(319)
Retained earnings (accumulated deficit)3,7512,8281,628666(115)(1,061)(2,216)
Other undisclosed stockholders' equity attributable to parent1,310820820820820884450
Other undisclosed stockholders' equity    (820)(884) 
Total stockholders' equity:16,29515,09016,19216,66416,02416,10515,768
TOTAL LIABILITIES AND EQUITY:126,240125,688124,294125,968126,050119,679117,396

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,6224,3785,4695,2514,799  
Net investment income4,5684,3083,8743,6683,549  
Financial services revenue1,5011,4581,217  
Cost of revenue(430)(285)(225)(365)(269)(69)(138)
Cost of goods and services sold(43)(56)(75)(103)(28)  
Provision for loan, lease, and other losses(387)(229)
Financial services costs(150)(262)(241)(69)(138)
Gross profit:4,1924,0935,2444,8864,530(69)(138)
Operating expenses(513)(265)(2,487)(2,451)(2,479)(2,130)(2,083)
Other operating income, net
(Noninterest Income, Other Operating Income)
  604695854616583
Operating income (loss):3,6793,8283,3613,1302,905(1,583)(1,638)
Nonoperating income     154110
Investment income, nonoperating     59(11)
Gain on contract termination     1039
Bank owned life insurance income     8582
Interest and debt expense(867)(602)(373)(327)(311)(309)(445)
Other undisclosed income from continuing operations before equity method investments, income taxes      3,560
Income (loss) from continuing operations before equity method investments, income taxes:2,8123,2262,9882,8032,594(1,738)1,587
Other undisclosed income (loss) from continuing operations before income taxes(827)(1,271)(1,117)(1,131)(1,064)3,337 
Income from continuing operations before income taxes:1,9851,9551,8711,6721,5301,5991,587
Income tax expense(403)(387)(614)(514)(455)(457)(452)
Income from continuing operations:1,5821,5681,2571,1581,0751,1421,135
Income (loss) from discontinued operations 19165(13)13(13)
Net income attributable to parent:1,5821,7591,2631,1631,0621,1551,122
Preferred stock dividends and other adjustments(79)(64)(64)(64)(64)(52)(32)
Net income available to common stockholders, diluted:1,5031,6951,1991,0999981,1031,090

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,5821,7591,2631,1631,0621,1551,122
Other comprehensive income (loss)874(215)(66)(170)(142)81(384)
Comprehensive income, net of tax, attributable to parent:2,4561,5441,1979939201,236738

Statements sources

The financial statements are based on the company's filings with the 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.

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