RF Q1 2024 Earnings — Regions Financial Corporation Revenue & Financial Results | Market Cap Arena

RFRegions Financial Corporation

$24B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.3B+5.1% YoY

Gross Profit

$1.6B69.7% margin

Operating Income

$464M20.3% margin

Net Income

$368M16.1% margin

EPS (Diluted)

$0.37

QoQ Revenue Growth

-1.8%

Cash Flow

Operating Cash Flow

$396M

Free Cash Flow

$277M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$154.9B

Total Liabilities

$137.8B

Stockholders' Equity

$17.0B

Cash & Equivalents

$11.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.3B	$2.2B	+5.1%
Gross Profit	$1.6B	$1.8B	-12.2%
Operating Income	$464M	$789M	-41.2%
Net Income	$368M	$612M	-39.9%

Revenue Segments

Consumer Bank

$692M58%

Corporate Bank

$452M38%

Wealth Management

$40M3%