RF Q4 2023 Earnings — Regions Financial Corporation Revenue & Financial Results | Market Cap Arena

RFRegions Financial Corporation

$24B

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.3B+8.4% YoY

Gross Profit

$1.7B71.0% margin

Operating Income

$471M20.2% margin

Net Income

$391M16.8% margin

EPS (Diluted)

$0.39

QoQ Revenue Growth

-0.1%

Cash Flow

Operating Cash Flow

$855M

Free Cash Flow

$834M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$152.2B

Total Liabilities

$134.7B

Stockholders' Equity

$17.4B

Cash & Equivalents

$6.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.3B	$2.1B	+8.4%
Gross Profit	$1.7B	$1.9B	-12.3%
Operating Income	$471M	$872M	-46.0%
Net Income	$391M	$685M	-42.9%

Revenue Segments

Consumer Bank

$715M48%

Corporate Bank

$475M32%

Wealth Management

$313M21%