NYSE$RF

Regions Financial Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Regions reported first quarter 2021 earnings, delivering strong revenue and pre-tax pre-provision income growth over the prior year.

Regions Financial Corporation reported net income available to common shareholders of $614 million, and earnings per diluted share of $0.63 for the first quarter ended March 31, 2021. Strong revenue growth contributed to an 18 percent increase in pre-tax pre-provision income on a reported basis and a 17 percent increase on an adjusted basis compared to the first quarter of 2020.

  • Net income available to common shareholders of $614 million, and earnings per diluted share of $0.63.
  • Strong revenue growth contributed to an 18 percent increase in pre-tax pre-provision income on a reported basis and a 17 percent increase on an adjusted basis compared to the first quarter of 2020.
  • Positive operating leverage of 2.6 percent on a reported basis and 2.1 percent on an adjusted basis versus the comparable prior-year period.
  • Total revenue increased 14 percent compared to the first quarter of 2020.

Headline financials

Total Revenue

$1.61B

Previous: $1.41B+13.8%
EPS (adj)

$0.63

Previous: $0.14+350.0%
Efficiency Ratio

57.3%

Previous: 58.6%-2.2%
Tier 1 Capital Ratio

11.9%

Previous: 10.6%+12.3%
Free Cash Flow

$642M

Previous: $162M+296.3%
Net Income

$642M

Previous: $162M+296.3%
Operating Income

$1.34B

Previous: $810M+65.8%
Gross Profit

$1.47B

Previous: $1.04B+41.0%
Cash & Equivalents

$24.9B

Previous: $5.26B+374.2%
Total Assets

$153B

Previous: $134B+14.8%

Revenue & EPS history

Regions · Revenue · Quarterly

$1.61B

Q1 2021+13.8%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Regions · $599M total across 8 segments · Q1 2021

  • Deposit Charges
    $157M-11.8%
  • Card & ATM Fees
    $115M+9.5%
  • Capital Markets
    $100M+1011.1%
  • Wealth Management
    $91M+8.3%
  • Mortgage Income
    $90M+32.4%
  • Commercial Credit Fees
    $22M+22.2%
  • BOLI Income
    $17M+0.0%
  • Employee Benefit Assets
    $7M

Forward guidance

The company will continue to deepen relationships with customers by providing personalized solutions and financial guidance combined with technology solutions that make banking easier.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.4%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+4.7%

Avg return

30 days after

57%

41 / 72 earnings

Positive

+9.2%

Q1 2012

Best reaction

-13.9%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-2.7%+1.0%-4.5%
Q1 2026-2.2%+1.0%-4.5%
Q3 2025+0.9%+3.3%+6.9%
Q2 2025+0.8%-0.5%+5.1%
Q1 2025+0.7%+3.2%+17.8%
Q3 2024-1.5%-1.4%+9.9%
Q2 2024+1.4%+0.1%-2.7%
Q1 2024+0.9%+4.1%+6.2%
Q4 2023+6.2%+7.2%+3.0%
Q3 2023-13.9%-14.7%-0.4%
Q2 2023-1.7%-0.6%-4.0%
Q1 2023-3.1%-6.2%-10.7%
Q4 2022+5.9%+5.6%+10.0%
Q3 2022+4.1%+7.9%+13.9%
Q2 2022+4.5%+3.9%+10.9%
Q1 2022+0.3%-1.3%-6.5%
Q4 2021-6.6%-1.8%+0.2%
Q3 2021+4.0%+0.4%+1.8%
Q2 2021+2.0%+2.4%+5.6%
Q1 2021+4.0%+5.5%+12.2%
Q4 2020-0.4%-3.6%+14.5%
Q3 2020+3.6%+11.7%+25.3%
Q2 2020-5.3%+0.0%+9.0%
Q1 2020+6.2%+2.7%+3.8%
Q4 2019-2.4%-2.6%-0.7%
Q3 2019+1.3%+2.1%+2.6%
Q2 2019+2.2%+7.8%-4.7%
Q1 2019-3.3%-2.5%-8.6%
Q4 2018-0.1%-1.5%+2.5%
Q3 2018-5.7%-2.0%-3.5%
Q2 2018+3.7%+3.8%+10.6%
Q1 2018+3.9%+4.8%+5.4%
Q4 2017+5.6%+7.1%+7.2%
Q3 2017+3.0%+4.0%+2.9%
Q2 2017+0.6%+1.0%-1.7%
Q1 2017-4.5%-3.7%+0.1%
Q4 2016-0.5%+4.6%+10.0%
Q3 2016+5.3%+6.3%+31.6%
Q2 2016-2.6%-1.4%+5.1%
Q1 2016+3.3%
Q4 2015-3.3%
Q3 2015+1.0%
Q2 2015+4.9%
Q1 2015+1.5%
Q4 2014-4.0%
Q3 2014+1.1%
Q2 2014-0.9%
Q1 2014+1.3%
Q4 2013+4.3%
Q3 2013-4.5%
Q2 2013-1.9%
Q1 2013+6.3%
Q4 2012+3.1%
Q4 2011+2.1%
Q3 2012-8.8%
Q2 2012+8.1%
Q1 2012+9.2%
Q3 2011+3.6%
Q2 2011-11.6%
Q1 2011+0.8%
Q4 2010-1.4%
Q3 2010+6.9%
Q2 2010-1.5%
Q1 2009-4.3%
Q1 2010+2.0%
Q4 2007-0.6%
Q4 2009-0.6%
Q4 2008-0.6%
Q3 2009-0.6%
Q3 2008-0.6%
Q2 2009+0.4%
Q2 2008+0.4%

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