Regions Financial (RF) FY2015 results: revenue $5.4 billion, up 3.8% on the year
Regions Financial Corp. (RF) reported revenue of $5.4 billion for fiscal 2015, the year ended 31 December 2015, up 3.8% on the year before. Net income was $1.1 billion, down 7.4%, and diluted earnings per share $0.75. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2016.
Revenue
$5.4 billion
+3.8% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$1.1 billion
-7.4% on the year
FY2008FY2015
Diluted EPS
$0.75
-5.1% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
5,378
5,183
5,359
+3.8%
Interest expense
268
309
384
-13.3%
Pre-tax income
1,530
1,682
1,665
-9.0%
Income tax
455
548
561
-17.0%
Effective tax rate
29.7%
32.6%
33.7%
Net income
1,062
1,147
1,091
-7.4%
Net margin
19.7%
22.1%
20.4%
Diluted EPS
$0.75
$0.79
$0.75
-5.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,599
2,107
3,745
-24.1%
Capital expenditure
n/a
n/a
186
Free cash flow
n/a
n/a
3,559
Cash from investing
-6,124
-3,781
-71.0
Cash from financing
5,835
405
-3,890
+1,340.7%
Depreciation and amortisation
523
523
645
0.0%
Share-based compensation
n/a
30.0
25.0
Buybacks
623
256
340
+143.4%
Dividends paid
304
247
138
+23.1%
Dividend per share
$0.23
$0.18
$0.10
+27.8%
Diluted shares, weighted
1,334m
1,387m
1,410m
-3.8%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
16,844
16,873
15,660
-0.2%
Deposits
98,430
94,200
92,453
+4.5%
Repurchase agreements
0.0
1,753
2,182
Short-term borrowings
10.0
n/a
n/a
Debt
8,349
5,715
7,012
+46.1%
Other liabilities
2,417
1,138
89.0
+112.4%
Total liabilities and equity
126,050
119,679
117,396
+5.3%
Fixed assets
2,152
2,193
2,216
-1.9%
Goodwill
4,878
4,816
4,816
+1.3%
Intangible assets
259
275
295
-5.8%
Securities held for sale or to maturity
1,946
2,175
2,353
-10.5%
Loans
80,056
76,204
73,268
+5.1%
Resale agreements
0.0
100
0.0
Trading assets
143
106
111
+34.9%
Cash and equivalents
5,314
4,004
5,273
+32.7%
Other assets
31,302
29,806
29,064
+5.0%
Total assets
126,050
119,679
117,396
+5.3%
10-K for the year ended 31 December 2015, filed 16 February 2016: the filing.