RF Q1 2023 Earnings — Regions Financial Corporation Revenue & Financial Results | Market Cap Arena

RFRegions Financial Corporation

$24B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.2B+32.9% YoY

Gross Profit

$1.8B83.5% margin

Operating Income

$789M36.3% margin

Net Income

$612M28.1% margin

EPS (Diluted)

$0.62

QoQ Revenue Growth

+1.3%

Cash Flow

Operating Cash Flow

$196M

Free Cash Flow

$178M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$154.1B

Total Liabilities

$137.2B

Stockholders' Equity

$16.9B

Cash & Equivalents

$8.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.2B	$1.6B	+32.9%
Gross Profit	$1.8B	$1.6B	+11.1%
Operating Income	$789M	$702M	+12.4%
Net Income	$612M	$548M	+11.7%

Revenue Segments

Continuing Operations

$1.4B50%

Consumer Bank

$838M30%

Corporate Bank

$525M19%

Wealth Management

$54M2%