Regions Financial (RF) FY2022 results: revenue $7.2 billion, up 12.1% on the year
Regions Financial Corp. (RF) reported revenue of $7.2 billion for fiscal 2022, the year ended 31 December 2022, up 12.1% on the year before. Net income was $2.2 billion, down 10.9%, and diluted earnings per share $2.28. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$7.2 billion
+12.1% on the year
FY2015FY2022
Operating margin
0.8%
0.7% a year earlier
FY2015FY2022
Net income
$2.2 billion
-10.9% on the year
FY2015FY2022
Diluted EPS
$2.28
-8.4% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,102
3,030
2,324
+2.4%
Cash from investing
-12,941
-2,865
-4,853
Cash from financing
-8,345
11,290
16,371
Depreciation and amortisation
353
371
421
-4.9%
Buybacks
230
467
0.0
-50.7%
Dividends paid
663
608
595
+9.0%
Dividend per share
$0.74
$0.65
$0.62
+13.8%
Diluted shares, weighted
942m
963m
962m
-2.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
15,947
18,326
18,111
-13.0%
Non-controlling interest
4.0
0.0
0.0
Deposits
131,743
139,072
122,479
-5.3%
Short-term borrowings
0.0
n/a
0.0
Debt
2,284
2,407
3,569
-5.1%
Other liabilities
5,242
3,133
3,230
+67.3%
Total liabilities and equity
155,220
162,938
147,389
-4.7%
Fixed assets
1,718
1,814
1,897
-5.3%
Goodwill
5,733
5,744
5,190
-0.2%
Intangible assets
249
305
122
-18.4%
Securities held for sale or to maturity
28,734
29,380
28,276
-2.2%
Loans
95,545
86,305
83,099
+10.7%
Cash and equivalents
11,227
29,411
17,956
-61.8%
Other assets
12,014
9,979
10,849
+20.4%
Total assets
155,220
162,938
147,389
-4.7%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.