Regions Financial reports Q2 EPS 59c, consensus 59c

Reports revenue $1.96B, consensus $1.95B. Reports CET1 ratio 10.1%. Reports tangible common book value per share $9.72. “We are very pleased with our second quarter performance,” said John Turner, President and CEO of Regions Financial Corp. “Our associates continue to execute our strategy and deliver excellent customer service, creating consistent, sustainable, long-term performance. This quarter, we were excited to announce the addition of Regions’ Overdraft Grace feature, which complements the other enhancements we’ve introduced over the last two years and provides customers with more financial tools and flexibility. Reflecting the growth in our business, and underscoring our focus on capital allocation and sustainable shareholder returns, we are also pleased that our Board of Directors raised the quarterly common stock dividend by 20 percent to $0.24 per share at its most recent meeting. I am very proud of the work our associates have done and believe we are well-positioned to deliver solid financial performance in any environment.”