NYSE$RF

Regions Financial Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported earnings for the fourth quarter and full-year ended December 31, 2022.

Regions Financial Corp. reported fourth quarter net income available to common shareholders of $660 million and earnings per diluted share of $0.70. For the full-year 2022, the company reported net income available to common shareholders of $2.1 billion and record pre-tax pre-provision income of $3.1 billion.

  • Net income available to common shareholders was $660 million.
  • Earnings per diluted share was $0.70.
  • Net interest income increased to $1.4 billion.
  • Total revenue was approximately $2 billion.

Headline financials

Total Revenue

$1.95B

Previous: $1.63B+19.4%
EPS (adj)

$0.67

Previous: $0.44+52.3%
Efficiency Ratio

50.5%

Previous: 59.8%-15.6%
Net Income

$685M

Previous: $438M+56.4%
Operating Income

$984M

Previous: $578M+70.2%
Cash & Equivalents

$9.2B

Previous: $29.4B-68.7%
Total Assets

$155B

Previous: $163B-4.7%

Revenue & EPS history

Regions · Revenue · Quarterly

$1.95B

Q4 2022+19.4%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Regions · $517M total across 7 segments · Q4 2022

  • Deposit Charges
    $152M
  • Card & ATM Fees
    $130M
  • Wealth Management
    $108M
  • Capital Markets
    $61M
  • Commercial Credit Fees
    $25M
  • Mortgage Income
    $24M
  • BOLI Income
    $17M

Forward guidance

Regions continued its focus on delivering consistent, sustainable financial performance, generating record pre-tax pre-provision income for 2022. The company has deliberately positioned itself to withstand an array of economic conditions, and its strong performance in 2022 provides a solid foundation as we enter 2023.

Tailwinds

  • Strategic investments continue to provide opportunities to broaden and deepen relationships with customers.
  • Attractive footprint, combined with innovative and comprehensive product set, has supported continued customer acquisition and revenue growth.
  • The company has built a strong, diverse and inclusive team.
  • Regions' associates do a great job serving their customers and communities.
  • Regions continued its focus on delivering consistent, sustainable financial performance, generating record pre-tax pre-provision income for 2022.

Headwinds

  • Uncertainty remains in the economic outlook.
  • Possible declines in property values and increases in interest rates and unemployment rates could adversely affect our lending and other businesses.
  • Changes in trade, monetary and fiscal policies could have a material adverse effect on our businesses.
  • Changes in market interest rates or capital markets could adversely affect our revenue and expense.
  • The impact of pandemics, including the ongoing COVID-19 pandemic, could disrupt the global economy.

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 Q4 2022

Historical avgQ4 2022

+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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