RFRegions Financial Corporation

$24B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.3B+29.0% YoY

Gross Profit

$1.8B79.4% margin

Operating Income

$728M31.4% margin

Net Income

$581M25.1% margin

EPS (Diluted)

$0.59

QoQ Revenue Growth

+6.4%

Cash Flow

Operating Cash Flow

$397M

Free Cash Flow

$376M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$155.7B

Total Liabilities

$139.0B

Stockholders' Equity

$16.6B

Cash & Equivalents

$9.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.3B	$1.8B	+29.0%
Gross Profit	$1.8B	$1.7B	+8.9%
Operating Income	$728M	$740M	-1.6%
Net Income	$581M	$583M	-0.3%

Revenue Segments

Consumer Bank

$819M59%

Corporate Bank

$515M37%

Wealth Management

$47M3%

RF Q2 2023 Earnings — Regions Financial Corporation Revenue & Financial Results | Market Cap Arena