RF Q3 2023 Earnings — Regions Financial Corporation Revenue & Financial Results | Market Cap Arena

RFRegions Financial Corporation

$24B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.3B+19.7% YoY

Gross Profit

$1.7B73.4% margin

Operating Income

$619M26.5% margin

Net Income

$490M21.0% margin

EPS (Diluted)

$0.49

QoQ Revenue Growth

+0.7%

Cash Flow

Operating Cash Flow

$860M

Free Cash Flow

$763M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$153.6B

Total Liabilities

$137.5B

Stockholders' Equity

$16.1B

Cash & Equivalents

$9.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.3B	$1.9B	+19.7%
Gross Profit	$1.7B	$1.7B	-1.2%
Operating Income	$619M	$562M	+10.1%
Net Income	$490M	$429M	+14.2%

Revenue Segments

Consumer Bank

$760M59%

Corporate Bank

$488M38%

Wealth Management

$43M3%