Regions said full-year 2023 net income available to common shareholders was $2.0 billion, diluted earnings per share was $2.11, and total revenue rose 5% from 2022 to $7.6 billion.

1. 01

   Regions said full-year 2023 net income available to common shareholders was $2.0 billion, diluted earnings per share was $2.11, and total revenue rose 5% from 2022 to $7.6 billion.

2. 02

   Regions said net income available to common shareholders for Q4 was $367 million, and diluted earnings per share was $0.39. The company said adjusted items for Q4 included the FDIC special assessment of $119 million and severance-related charges of $28 million.

3. 03

   Regions said net interest income for Q4 fell 5% from the prior quarter to $1.2 billion, and its total net interest margin declined 13 basis points to 3.60%. The company cited higher deposit and funding costs and the partial activation of its forward-starting interest rate hedges as factors.

4. 04

   Regions said it repurchased 16 million shares of common stock for a total of $252 million through open market purchases during Q4, and declared dividends to common shareholders of $223 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.