Regions Financial (RF) FY2024 results: revenue $7.1 billion, down 6.5% on the year
Regions Financial Corp. (RF) reported revenue of $7.1 billion for fiscal 2024, the year ended 31 December 2024, down 6.5% on the year before. Net income was $1.9 billion, down 8.7%, and diluted earnings per share $1.93. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$7.1 billion
-6.5% on the year
FY2017FY2024
Operating margin
1.3%
2.8% a year earlier
FY2017FY2024
Net income
$1.9 billion
-8.7% on the year
FY2017FY2024
Diluted EPS
$1.93
-8.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,598
2,308
3,102
-30.8%
Cash from investing
-262
-1,607
-12,941
Cash from financing
2,575
-5,127
-8,345
Depreciation and amortisation
144
236
353
-39.0%
Share-based compensation
73.0
61.0
n/a
+19.7%
Buybacks
348
252
230
+38.1%
Dividends paid
890
787
663
+13.1%
Dividend per share
$0.98
$0.88
$0.74
+11.4%
Diluted shares, weighted
918m
938m
942m
-2.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
17,879
17,429
15,947
+2.6%
Non-controlling interest
31.0
64.0
4.0
-51.6%
Deposits
127,603
127,788
131,743
-0.1%
Short-term borrowings
n/a
0.0
0.0
Debt
6,493
2,330
2,284
+178.7%
Other liabilities
5,296
4,583
5,242
+15.6%
Total liabilities and equity
157,302
152,194
155,220
+3.4%
Fixed assets
1,673
1,642
1,718
+1.9%
Goodwill
5,733
5,733
5,733
0.0%
Intangible assets
169
205
249
-17.6%
Securities held for sale or to maturity
30,651
28,858
28,734
+6.2%
Loans
95,114
96,803
95,545
-1.7%
Cash and equivalents
10,712
6,801
11,227
+57.5%
Other assets
13,250
12,152
12,014
+9.0%
Total assets
157,302
152,194
155,220
+3.4%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.