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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,3444,5643,9674,1705,5755,4574,004
Cash and cash equivalents17,9564,1143,5383,9815,4515,3144,004
Short-term investments388450429189124143 
Disposal group, including discontinued operation     448 
Total current assets:18,3444,5643,9674,1705,5755,9054,004
Noncurrent Assets
Operating lease, right-of-use asset475 
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases222 
Property, plant and equipment1,8971,9602,0452,0642,0962,1522,193
Long-term investments and receivables   202126944
Long-term investments   202126944
Intangible assets, net (including goodwill)5,3124,9504,9445,0815,1255,1375,091
Goodwill5,1904,8454,8294,9044,9044,8784,816
Intangible assets, net (excluding goodwill)122105115177221259275
Defined benefit plan, assets for plan benefits37  
Amortization method qualified affordable housing project investments   1,1441,013 
Total noncurrent assets:7,9066,9106,9898,3098,2927,3158,228
Other undisclosed assets121,139114,766114,732111,815112,101112,830107,447
TOTAL ASSETS:147,389126,240125,688124,294125,968126,050119,679
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    42  
Employee-related liabilities    42  
Debt 2,0501,600500 102,253
Total current liabilities: 2,0501,60050042102,253
Noncurrent Liabilities
Liabilities, other than long-term debt    164  
Liability, pension and other postretirement and postemployment benefits    164  
Total noncurrent liabilities:    164  
Other undisclosed liabilities129,278107,895108,998107,602109,098109,196100,437
Total liabilities:129,278109,945110,598108,102109,304109,206102,690
Temporary equity, carrying amount     820884
Stockholders' equity
Stockholders' equity attributable to parent, including:18,11116,29515,09016,19216,66416,84416,989
Common stock10101112131314
Treasury stock, value(1,371)(1,371)(1,371)(1,377)(1,377)(1,377)(1,377)
Additional paid in capital12,73112,68513,76615,85817,09217,88318,767
Accumulated other comprehensive income (loss)1,315(90)(964)(749)(550)(380)(238)
Retained earnings (accumulated deficit)3,7703,7512,8281,628666(115)(1,061)
Other undisclosed stockholders' equity attributable to parent1,6561,310820820820820884
Other undisclosed stockholders' equity     (820)(884)
Total stockholders' equity:18,11116,29515,09016,19216,66416,02416,105
TOTAL LIABILITIES AND EQUITY:147,389126,240125,688124,294125,968126,050119,679

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues844,6224,3785,4695,2514,799 
Net investment income424,5684,3083,8743,6683,549 
Financial services revenue1,5011,4581,217 
Cost of revenue(1,312)(430)(285)(225)(365)(269)(69)
Cost of goods and services sold (43)(56)(75)(103)(28) 
Provision for loan, lease, and other losses(1,312)(387)(229)
Financial services costs(150)(262)(241)(69)
Gross profit:(1,228)4,1924,0935,2444,8864,530(69)
Operating expenses(313)(513)(265)(2,487)(2,451)(2,479)(2,130)
Other operating income, net
(Noninterest Income, Other Operating Income)
   604695854616
Operating income (loss):(1,541)3,6793,8283,3613,1302,905(1,583)
Nonoperating income      154
Investment income, nonoperating      59
Bank owned life insurance income      85
Interest and debt expense(368)(867)(602)(373)(327)(311)(309)
Income (loss) from continuing operations before equity method investments, income taxes:(1,909)2,8123,2262,9882,8032,594(1,738)
Other undisclosed income (loss) from continuing operations before income taxes3,223(827)(1,271)(1,117)(1,131)(1,064)3,337
Income from continuing operations before income taxes:1,3141,9851,9551,8711,6721,5301,599
Income tax expense(220)(403)(387)(614)(514)(455)(457)
Income from continuing operations:1,0941,5821,5681,2571,1581,0751,142
Income (loss) from discontinued operations  19165(13)13
Net income attributable to parent:1,0941,5821,7591,2631,1631,0621,155
Preferred stock dividends and other adjustments(103)(79)(64)(64)(64)(64)(52)
Net income available to common stockholders, diluted:9911,5031,6951,1991,0999981,103

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,0941,5821,7591,2631,1631,0621,155
Other comprehensive income (loss)1,405874(215)(66)(170)(142)81
Comprehensive income, net of tax, attributable to parent:2,4992,4561,5441,1979939201,236

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.

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: