Regions Financial (RF) Reviews Priorities, Sets Targets at Investor Day
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EPS Growth %: -40.3%
Financial Fact:
Short-term borrowings: 0
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Regions Financial Corporation (NYSE: RF) today reviewed the Company’s strategy to build sustainable franchise value and strengthen financial performance. During an investor day conference in New York, senior executives discussed Regions’ business model and outlined steps the Company will take over the next three years to grow and diversify revenue, manage expenses and effectively deploy capital. Specifically, the Company detailed plans to restructure its expense base to become more efficient and invest in its revenue-producing businesses.
“Regions has a solid foundation that is built on the strength of our team, our markets, our culture and our ability to execute,” said Grayson Hall, chairman, president and CEO. “Operating more efficiently and implementing smart expense controls to fund revenue-producing businesses will accelerate our performance and drive growth and improved profitability in a challenging economy.”
The Company provided guidance on 2016 expectations and discussed long-term financial targets.
2016 Expectations:
Long-Term Financial Targets:
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