Regions Financial Q2 earnings $477 million, $0.52 a share, down from a year ago
Regions Financial reported second quarter 2024 net income available to common shareholders of $477 million, or $0.52 per diluted share, up from $343 million in the first quarter but down from $556 million a year earlier. Total revenue was $1.73 billion, down 0.9% from the first quarter and 11.5% from the year-ago quarter, and the company declared a quarterly dividend of $0.25 per share, a 4% increase over the second quarter.
- Net income available to common shareholders was $477 million, versus $343 million in Q1 2024 and $556 million in Q2 2023.
- Diluted EPS was $0.52, compared with $0.37 in Q1 2024 and $0.59 in Q2 2023.
- Total revenue was $1.73 billion, down 0.9% from Q1 2024 and down 11.5% from Q2 2023.
- The Board declared a quarterly common dividend of $0.25 per share, and the Common Equity Tier 1 ratio was an estimated 10.4% at June 30, 2024.