Regions Financial (RF) Tops Q1 EPS by 16c, Revenues Beat

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Go back to Regions Financial (RF) Tops Q1 EPS by 16c, Revenues Beat

Producing Results: Regions reports first quarter 2021 earnings of $614 million, earnings per share of $0.63

April 23, 2021 6:00 AM EDT

Delivers strong revenue and pre-tax pre-provision income(1) growth over the prior year

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Financial Corporation (NYSE: RF) today announced earnings for the first quarter ended March 31, 2021. The company reported net income available to common shareholders of $614 million, and earnings per diluted share of $0.63. Compared to the first quarter of 2020, strong revenue growth contributed to an 18 percent increase in pre-tax pre-provision income on a reported basis and a 17 percent increase on an adjusted basis(1). The company also generated positive operating leverage of 2.6 percent... More