Regions Financial (RF) FY2014 results: revenue $5.2 billion, down 3.3% on the year
Regions Financial Corp. (RF) reported revenue of $5.2 billion for fiscal 2014, the year ended 31 December 2014, down 3.3% on the year before. Net income was $1.1 billion, up 5.1%, and diluted earnings per share $0.79. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2015.
Revenue
$5.2 billion
-3.3% on the year
FY2007FY2014
Operating margin
n/a
FY2007FY2014
Net income
$1.1 billion
+5.1% on the year
FY2007FY2014
Diluted EPS
$0.79
+5.3% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
5,183
5,359
5,400
-3.3%
Interest expense
309
384
603
-19.5%
Pre-tax income
1,682
1,665
1,661
+1.0%
Income tax
548
561
482
-2.3%
Effective tax rate
32.6%
33.7%
29.0%
Net income
1,147
1,091
1,120
+5.1%
Net margin
22.1%
20.4%
20.7%
Diluted EPS
$0.79
$0.75
$0.71
+5.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
2,107
3,745
2,441
-43.7%
Capital expenditure
n/a
186
180
Free cash flow
n/a
3,559
2,261
Cash from investing
-3,781
-71.0
1,007
Cash from financing
405
-3,890
-5,204
Depreciation and amortisation
523
645
717
-18.9%
Share-based compensation
30.0
25.0
21.0
+20.0%
Buybacks
256
340
0.0
-24.7%
Dividends paid
247
138
54.0
+79.0%
Dividend per share
$0.18
$0.10
$0.04
+80.0%
Diluted shares, weighted
1,387m
1,410m
1,387m
-1.6%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
16,873
15,660
15,422
+7.7%
Deposits
94,200
92,453
95,474
+1.9%
Repurchase agreements
1,753
2,182
1,449
-19.7%
Debt
5,715
7,012
7,435
-18.5%
Other liabilities
1,138
89.0
1,567
+1,178.7%
Total liabilities and equity
119,679
117,396
121,347
+1.9%
Fixed assets
2,193
2,216
2,279
-1.0%
Goodwill
4,816
4,816
4,816
0.0%
Intangible assets
275
295
345
-6.8%
Securities held for sale or to maturity
2,175
2,353
10.0
-7.6%
Loans
76,204
73,268
72,076
+4.0%
Resale agreements
100
0.0
n/a
Trading assets
106
111
116
-4.5%
Cash and equivalents
4,004
5,273
5,489
-24.1%
Other assets
29,806
29,064
36,216
+2.6%
Total assets
119,679
117,396
121,347
+1.9%
10-K for the year ended 31 December 2014, filed 17 February 2015: the filing.