Strong Quarterly Earnings
Regions Financial Corporation reported strong quarterly earnings of $548 million, resulting in earnings per share of $0.61. Adjusted earnings were $561 million or $0.63 per share.
Deposit Growth and Market Share
Regions Financial Corporation achieved top quartile deposit growth and above peer median change in market share while maintaining the lowest deposit cost amongst peers.
Capital Markets Performance
Capital markets income excluding CBA increased 22% compared to the prior quarter, representing a new record driven by higher M&A advisory activity, commercial swap sales, loan syndications, and debt underwriting activity.
Wealth Management Success
Wealth Management delivered a third consecutive quarter of record-setting income, driven primarily by elevated sales activity and favorable market conditions.
Asset Quality and Criticized Loans
Business services criticized loans improved significantly during the quarter, decreasing almost $1 billion or 20%. Nonperforming loans decreased 2%.