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AI brief of an SEC Form 8-K · Regions Financial (RF)

Regions Financial Q1 net income falls to $343 million, EPS $0.37 from $0.62 a year earlier

Negative Impact 3 of 5 earnings Written later

Regions Financial reported first-quarter 2024 net income available to common shareholders of $343 million, or $0.37 per diluted share, down from $367 million and $0.39 in the fourth quarter of 2023 and from $588 million and $0.62 in the first quarter of 2023. Total revenue was $1.747 billion, down 3.5% from the prior quarter and 10.5% from a year earlier, and the results included a $50 million pre-tax securities repositioning loss and an $18 million increase in the FDIC special assessment accrual.

Key points

  • Net income available to common shareholders was $343 million, versus $367 million in Q4 2023 and $588 million in Q1 2023.
  • Diluted EPS was $0.37, compared with $0.39 in Q4 2023 and $0.62 in Q1 2023.
  • Total revenue was $1.747 billion, down from $1.811 billion in Q4 2023 and $1.951 billion in Q1 2023.
  • Regions expects operational losses of approximately $100 million for all of 2024.

The filing

CompanyRegions Financial (RF)
Form8-K, current report
Filed with the SECApr 19, 2024, 6:05 AM ET
Accession number0001281761-24-000022

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 19, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.