Regions Financial (RF) FY2018 results: revenue $5.8 billion, up 4.6% on the year
Regions Financial Corp. (RF) reported revenue of $5.8 billion for fiscal 2018, the year ended 31 December 2018, up 4.6% on the year before. Net income was $1.8 billion, up 39.3%, and diluted earnings per share $1.54. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$5.8 billion
+4.6% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$1.8 billion
+39.3% on the year
FY2011FY2018
Diluted EPS
$1.54
+54.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
5,754
5,501
5,409
+4.6%
Interest expense
602
373
313
+61.4%
Pre-tax income
1,955
1,860
1,664
+5.1%
Income tax
387
619
510
-37.5%
Effective tax rate
19.8%
33.3%
30.6%
Net income
1,759
1,263
1,163
+39.3%
Net margin
30.6%
23.0%
21.5%
Diluted EPS
$1.54
$1.00
$0.87
+54.0%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,275
2,297
2,037
-1.0%
Cash from investing
-3,045
-801
-700
Cash from financing
327
-2,966
-1,200
Depreciation and amortisation
462
537
574
-14.0%
Buybacks
2,122
1,275
839
+66.4%
Dividends paid
452
346
317
+30.6%
Dividend per share
$0.46
$0.32
$0.26
+46.0%
Diluted shares, weighted
1,102m
1,198m
1,261m
-8.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
15,090
16,192
16,664
-6.8%
Non-controlling interest
0.0
n/a
n/a
Deposits
94,491
96,889
99,035
-2.5%
Short-term borrowings
n/a
n/a
0.0
Debt
14,024
8,632
7,763
+62.5%
Other liabilities
2,083
2,581
2,506
-19.3%
Total liabilities and equity
125,688
124,294
125,968
+1.1%
Fixed assets
2,045
2,064
2,096
-0.9%
Goodwill
4,829
4,904
4,904
-1.5%
Intangible assets
115
177
221
-35.0%
Securities held for sale or to maturity
24,211
25,061
1,362
-3.4%
Loans
82,312
79,013
79,004
+4.2%
Resale agreements
0.0
70.0
15.0
Trading assets
n/a
189
124
Cash and equivalents
3,538
3,981
5,451
-11.1%
Other assets
8,638
8,835
32,791
-2.2%
Total assets
125,688
124,294
125,968
+1.1%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.