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Regions Reports Earnings of $611 Million and EPS of $0.71 in 3Q 2026

RF
  • Regions Financial Corp. reported third quarter 2026 net income of $611 million with diluted EPS of $0.71, representing an 11% increase in earnings & 16% increase in diluted EPS compared to the third quarter of 2025.
  • Adjusted earnings were $622 million with diluted EPS of $0.73, reflecting strong performance driven by disciplined risk management & growth in fee-based businesses.
  • Net interest margin increased 2 basis points to 3.68% while low-cost deposits maintained peer-leading interest-bearing costs of 1.70%.
  • Non-interest income grew 7% to $675 million, driven by record capital markets income up 27.4% & record Treasury Management income.
  • Total revenue rose 3.5% quarter-over-quarter to $1,973 million, supported by fixed-rate asset turnover, loan growth, & higher hedging income.
  • Non-interest expense remained stable at $1,118 million, with the efficiency ratio at 56.2% on a reported basis & 55.8% on an adjusted basis.
  • Average loans increased 0.5% to $99.183 billion, primarily driven by high-quality commercial & industrial loans & growth in investor real estate.
  • Total deposits declined 0.9% to $129.51 billion, with corporate deposits falling due to strategic reallocations by large commercial clients while non-interest-bearing balances grew.
  • Asset quality improved with annualized net charge-offs decreasing 13 basis points to 29 basis points & non-performing loans declining to 0.59% of total loans.
  • The allowance for credit losses ratio decreased 2 basis points to 1.61% while coverage of non-performing loans increased to 275%.
  • Common Equity Tier 1 ratio was estimated at 10.8% with a robust liquidity position of approximately $64 billion available.
  • The company repurchased approximately 3 million shares for $95 million & declared $255 million in dividends to common shareholders during the quarter.
  • Return on average tangible common equity was 21.27% on a reported basis & 21.66% on an adjusted basis for the third quarter.