Regions Financial (RF) FY2016 results: revenue $5.4 billion, up 0.6% on the year
Regions Financial Corp. (RF) reported revenue of $5.4 billion for fiscal 2016, the year ended 31 December 2016, up 0.6% on the year before. Net income was $1.2 billion, up 9.5%, and diluted earnings per share $0.87. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$5.4 billion
+0.6% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$1.2 billion
+9.5% on the year
FY2009FY2016
Diluted EPS
$0.87
+16.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
5,409
5,378
5,183
+0.6%
Interest expense
313
268
309
+16.8%
Pre-tax income
1,664
1,530
1,682
+8.8%
Income tax
510
455
548
+12.1%
Effective tax rate
30.6%
29.7%
32.6%
Net income
1,163
1,062
1,147
+9.5%
Net margin
21.5%
19.7%
22.1%
Diluted EPS
$0.87
$0.75
$0.79
+16.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
2,037
1,599
2,107
+27.4%
Cash from investing
-700
-6,124
-3,781
Cash from financing
-1,200
5,835
405
Depreciation and amortisation
574
523
523
+9.8%
Share-based compensation
n/a
n/a
30.0
Buybacks
839
623
256
+34.7%
Dividends paid
317
304
247
+4.3%
Dividend per share
$0.26
$0.23
$0.18
+10.9%
Diluted shares, weighted
1,261m
1,334m
1,387m
-5.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
16,664
16,844
16,873
-1.1%
Deposits
99,035
98,430
94,200
+0.6%
Repurchase agreements
n/a
0.0
1,753
Short-term borrowings
0.0
10.0
n/a
Debt
7,763
8,349
5,715
-7.0%
Other liabilities
2,506
2,417
1,138
+3.7%
Total liabilities and equity
125,968
126,050
119,679
-0.1%
Fixed assets
2,096
2,152
2,193
-2.6%
Goodwill
4,904
4,878
4,816
+0.5%
Intangible assets
221
259
275
-14.7%
Securities held for sale or to maturity
1,362
1,946
2,175
-30.0%
Loans
79,004
80,056
76,204
-1.3%
Resale agreements
15.0
0.0
100
Trading assets
124
143
106
-13.3%
Cash and equivalents
5,451
5,314
4,004
+2.6%
Other assets
32,791
31,302
29,806
+4.8%
Total assets
125,968
126,050
119,679
-0.1%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.