Regions Financial Corporation (RF) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,87518,3444,5643,9674,1705,5755,457
Cash and cash equivalents29,41117,9564,1143,5383,9815,4515,314
Short-term investments464388450429189124143
Disposal group, including discontinued operation      448
Total current assets:29,87518,3444,5643,9674,1705,5755,905
Noncurrent Assets
Operating lease, right-of-use asset459475 
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases220222 
Property, plant and equipment1,8141,8971,9602,0452,0642,0962,152
Long-term investments and receivables136   202126
Long-term investments136   202126
Intangible assets, net (including goodwill)6,0495,3124,9504,9445,0815,1255,137
Goodwill5,7445,1904,8454,8294,9044,9044,878
Intangible assets, net (excluding goodwill)305122105115177221259
Defined benefit plan, assets for plan benefits37 
Amortization method qualified affordable housing project investments    1,1441,013 
Total noncurrent assets:8,6787,9066,9106,9898,3098,2927,315
Other undisclosed assets124,385121,139114,766114,732111,815112,101112,830
TOTAL ASSETS:162,938147,389126,240125,688124,294125,968126,050
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     42 
Employee-related liabilities     42 
Debt  2,0501,600500 10
Total current liabilities:  2,0501,6005004210
Noncurrent Liabilities
Liabilities, other than long-term debt     164 
Liability, pension and other postretirement and postemployment benefits     164 
Total noncurrent liabilities:     164 
Other undisclosed liabilities144,612129,278107,895108,998107,602109,098109,196
Total liabilities:144,612129,278109,945110,598108,102109,304109,206
Temporary equity, carrying amount      820
Stockholders' equity
Stockholders' equity attributable to parent, including:18,32618,11116,29515,09016,19216,66416,844
Common stock10101011121313
Treasury stock, value(1,371)(1,371)(1,371)(1,371)(1,377)(1,377)(1,377)
Additional paid in capital12,18912,73112,68513,76615,85817,09217,883
Accumulated other comprehensive income (loss)2891,315(90)(964)(749)(550)(380)
Retained earnings (accumulated deficit)5,5503,7703,7512,8281,628666(115)
Other undisclosed stockholders' equity attributable to parent1,6591,6561,310820820820820
Other undisclosed stockholders' equity      (820)
Total stockholders' equity:18,32618,11116,29515,09016,19216,66416,024
TOTAL LIABILITIES AND EQUITY:162,938147,389126,240125,688124,294125,968126,050

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,044844,6224,3785,4695,2514,799
Net investment income4,044424,5684,3083,8743,6683,549
Financial services revenue1,5011,4581,217
Cost of revenue (1,312)(430)(285)(225)(365)(269)
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)
Gross profit:4,044(1,228)4,1924,0935,2444,8864,530
Operating expenses(303)(313)(513)(265)(2,487)(2,451)(2,479)
Other operating income, net
(Noninterest Income, Other Operating Income)
    604695854
Operating income (loss):3,741(1,541)3,6793,8283,3613,1302,905
Interest and debt expense(167)(368)(867)(602)(373)(327)(311)
Income (loss) from continuing operations before equity method investments, income taxes:3,574(1,909)2,8123,2262,9882,8032,594
Other undisclosed income (loss) from continuing operations before income taxes 3,223(827)(1,271)(1,117)(1,131)(1,064)
Income from continuing operations before income taxes:3,5741,3141,9851,9551,8711,6721,530
Income tax expense(694)(220)(403)(387)(614)(514)(455)
Income from continuing operations:2,8801,0941,5821,5681,2571,1581,075
Income (loss) from discontinued operations   19165(13)
Net income:2,8801,0941,5821,7591,2631,1631,062
Other undisclosed net loss attributable to parent(359)      
Net income attributable to parent:2,5211,0941,5821,7591,2631,1631,062
Preferred stock dividends and other adjustments(121)(103)(79)(64)(64)(64)(64)
Net income available to common stockholders, diluted:2,4009911,5031,6951,1991,099998

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,8801,0941,5821,7591,2631,1631,062
Other comprehensive income (loss)(1,026)1,405874(215)(66)(170)(142)
Comprehensive income:1,8542,4992,4561,5441,197993920
Other undisclosed comprehensive loss, net of tax, attributable to parent(359)      
Comprehensive income, net of tax, attributable to parent:1,4952,4992,4561,5441,197993920

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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