Regions said net income available to common shareholders for Q1 2024 was $343 million, and diluted earnings per share were $0.37. For the prior quarter, Q4 2023, the figures were $367 million and $0.39, and for the same quarter a year earlier they were $588 million and $0.62.

1. 01

   Regions said net income available to common shareholders for Q1 2024 was $343 million, and diluted earnings per share were $0.37. For the prior quarter, Q4 2023, the figures were $367 million and $0.39, and for the same quarter a year earlier they were $588 million and $0.62.

2. 02

   The company said net interest income for Q1 was $1,184 million, down 3.8% from the prior quarter. It cited higher deposit and funding costs as the reason for the decline. Net interest margin (FTE) was 3.55%.

3. 03

   The company said non-interest income for Q1 was $563 million, and that it recorded a pre-tax loss of $50 million on securities repositioning. Capital markets income was $91 million, up 90% from the prior quarter.

4. 04

   The company said net loans charged off for Q1 were $121 million, or 50 basis points of average loans, and that its allowance for credit losses (ACL) was $1,731 million, or 1.79% of loans.

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

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