Regions Financial (RF) FY2017 results: revenue $5.5 billion, up 1.7% on the year
Regions Financial Corp. (RF) reported revenue of $5.5 billion for fiscal 2017, the year ended 31 December 2017, up 1.7% on the year before. Net income was $1.3 billion, up 8.6%, and diluted earnings per share $1.00. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2018.
Revenue
$5.5 billion
+1.7% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$1.3 billion
+8.6% on the year
FY2010FY2017
Diluted EPS
$1.00
+14.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
5,501
5,409
5,378
+1.7%
Interest expense
373
313
268
+19.2%
Pre-tax income
1,860
1,664
1,530
+11.8%
Income tax
619
510
455
+21.4%
Effective tax rate
33.3%
30.6%
29.7%
Net income
1,263
1,163
1,062
+8.6%
Net margin
23.0%
21.5%
19.7%
Diluted EPS
$1.00
$0.87
$0.75
+14.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,297
2,037
1,599
+12.8%
Cash from investing
-801
-700
-6,124
Cash from financing
-2,966
-1,200
5,835
Depreciation and amortisation
537
574
523
-6.4%
Buybacks
1,275
839
623
+52.0%
Dividends paid
346
317
304
+9.1%
Dividend per share
$0.32
$0.26
$0.23
+23.5%
Diluted shares, weighted
1,198m
1,261m
1,334m
-5.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
16,192
16,664
16,844
-2.8%
Deposits
96,889
99,035
98,430
-2.2%
Repurchase agreements
n/a
n/a
0.0
Short-term borrowings
n/a
0.0
10.0
Debt
8,632
7,763
8,349
+11.2%
Other liabilities
2,581
2,506
2,417
+3.0%
Total liabilities and equity
124,294
125,968
126,050
-1.3%
Fixed assets
2,064
2,096
2,152
-1.5%
Goodwill
4,904
4,904
4,878
0.0%
Intangible assets
177
221
259
-19.9%
Securities held for sale or to maturity
25,061
1,362
1,946
+1,740.0%
Loans
79,013
79,004
80,056
+0.0%
Resale agreements
70.0
15.0
0.0
+366.7%
Trading assets
189
124
143
+52.4%
Cash and equivalents
3,981
5,451
5,314
-27.0%
Other assets
8,835
32,791
31,302
-73.1%
Total assets
124,294
125,968
126,050
-1.3%
10-K for the year ended 31 December 2017, filed 26 February 2018: the filing.