Regions said net income for Q3 2024 was $490 million, net income available to common shareholders after preferred dividends and other $44 million was $446 million, and diluted earnings per share was $0.49.

1. 01

   Regions said net income for Q3 2024 was $490 million, net income available to common shareholders after preferred dividends and other $44 million was $446 million, and diluted earnings per share was $0.49.

2. 02

   The company said total revenue for Q3 was $1,790 million, up 3.4% from the prior quarter, net interest income rose 2.7% to $1,218 million, and net interest margin (FTE) was 3.54%.

3. 03

   The company said that in Q3 it recorded securities losses of $75 million related to additional strategic securities repositioning, that Series B preferred stock issuance costs of $15 million reduced net income available to common shareholders, and that the net impact of these items reduced diluted earnings per share by $0.08.

4. 04

   The company said net charge-offs for Q3 were $117 million, or 0.48% of average loans on an annualized basis, that it repurchased about 4 million shares of common stock for $101 million, and that it declared common stock dividends of $229 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.