Regions Financial (RF) FY2019 results: revenue $5.9 billion, up 1.9% on the year
Regions Financial Corp. (RF) reported revenue of $5.9 billion for fiscal 2019, the year ended 31 December 2019, up 1.9% on the year before. Net income was $1.6 billion, down 10.1%, and diluted earnings per share $1.50. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$5.9 billion
+1.9% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$1.6 billion
-10.1% on the year
FY2012FY2019
Diluted EPS
$1.50
-2.6% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
5,861
5,754
5,501
+1.9%
Interest expense
851
602
373
+41.4%
Pre-tax income
1,985
1,955
1,860
+1.5%
Income tax
403
387
619
+4.1%
Effective tax rate
20.3%
19.8%
33.3%
Net income
1,582
1,759
1,263
-10.1%
Net margin
27.0%
30.6%
23.0%
Diluted EPS
$1.50
$1.54
$1.00
-2.6%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
2,581
2,275
2,297
+13.5%
Cash from investing
509
-3,045
-801
Cash from financing
-2,514
327
-2,966
Depreciation and amortisation
426
462
537
-7.8%
Buybacks
1,101
2,122
1,275
-48.1%
Dividends paid
577
452
346
+27.7%
Dividend per share
$0.59
$0.46
$0.32
+28.3%
Diluted shares, weighted
999m
1,102m
1,198m
-9.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
16,295
15,090
16,192
+8.0%
Non-controlling interest
0.0
0.0
n/a
Deposits
97,475
94,491
96,889
+3.2%
Debt
9,929
14,024
8,632
-29.2%
Other liabilities
2,541
2,083
2,581
+22.0%
Total liabilities and equity
126,240
125,688
124,294
+0.4%
Fixed assets
1,960
2,045
2,064
-4.2%
Goodwill
4,845
4,829
4,904
+0.3%
Intangible assets
105
115
177
-8.7%
Securities held for sale or to maturity
23,938
24,211
25,061
-1.1%
Loans
82,094
82,312
79,013
-0.3%
Resale agreements
n/a
0.0
70.0
Trading assets
n/a
n/a
189
Cash and equivalents
4,114
3,538
3,981
+16.3%
Other assets
9,184
8,638
8,835
+6.3%
Total assets
126,240
125,688
124,294
+0.4%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.