$RF (Regions Financial Corporation)

$RF {{ '2016-09-13T18:49:43+0000' | timeago}} • Announcement

$RF fully cooperated with inquiry and has agreed to $52.4MM settlement, without admitting liability, in order to avoid expense of potential litigation. $RF established and previously disclosed reserves sufficient to cover this matter; therefore, this settlement will not have a material impact on $RF's financial condition or results of operations.

$RF {{ '2017-06-28T20:47:50+0000' | timeago}} • Announcement

The Federal Reserve indicated to $RF that it does not object to the company's capital plan and proposed capital actions for 3Q17 through 2Q18. Regions' capital plan included the repurchase of up to $1.47Bil of Regions' common stock.

$RF {{ '2017-05-16T14:47:43+0000' | timeago}} • Announcement

$RF said Regions Securities has further expanded its Corporate Finance Group by hiring two managing directors, Gene Bowles and Daniel Hoverman. Bowles and Hoverman join previous hires including Managing Director Rob Tyndall and others following the 2016 launch of the Corporate Finance Group.

$RF {{ '2017-04-20T20:43:25+0000' | timeago}} • Announcement

$RF's BoD declared a quarterly cash dividend of $0.07 per common share, an increase of 7.7%. The dividend is payable on June 30, 2017 to stockholders of record on June 9, 2017. The dividend is being paid pursuant to $RF's 2016 capital plan that was not objected to by the Federal Reserve.

$RF {{ '2017-04-18T16:32:12+0000' | timeago}} • Webcast

$RF said that going into 2Q17, the company is confident on its production and repurchase activity.

$RF {{ '2017-04-18T15:55:53+0000' | timeago}} • Webcast

$RF said that with respect to the commercial real-estate portfolio, the company currently has about $2.6Bil in its commercial real-estate retail. Additionally in retail, the company is seeing hardly any vacancy rates where there are good shopping centers that are well placed.

$RF {{ '2017-04-18T12:10:54+0000' | timeago}} • Announcement

$RF's total non-interest expense from continuing operations increased almost 1% to $877MM in 1Q17. Meanwhile, total loans decreased 1.6% to $80.1Bil and total deposits edged up 0.2% to $97.96Bil.

$RF {{ '2017-04-18T11:57:36+0000' | timeago}} • Announcement

Consumer and commercial banking major $RF reported net income available to common shareholders from continuing operations of $278MM in 1Q17, up 8% from last year. EPS from continuing operations rose 15% to $0.23. Meanwhile, revenue was almost flat at $1.39Bil, even though net interest margin increased 6 basis points.

$RF {{ '2017-04-11T12:27:02+0000' | timeago}} • Announcement

Amala Duggirala will join $RF as Enterprise CIO, beginning April 17. She most recently served as Chief Technology Officer for online small-business lender Kabbage.

$RF {{ '2017-02-10T14:38:20+0000' | timeago}} • Announcement

$RF appointed Hope Mehlman as Chief Governance Officer and Assistant Corporate Secretary. In this newly created position, Mehlman will report directly to Fournier Gale, III, General Counsel for $RF.

$RF {{ '2017-02-09T20:18:22+0000' | timeago}} • Announcement

$RF declared a cash dividend of $0.065 per share on its common stock, payable on March 31, 2017, to stockholders of record on March 10, 2017. The BoD also declared a cash dividend of $15.9375 per share on its Series A and Series B Preferred Stock, both payable on March 15, 2017, to stockholders of record on March 1, 2017.

$RF {{ '2017-01-20T17:27:09+0000' | timeago}} • Webcast

$RF said that from a net interest margin standpoint, the company will get the benefit of lower rates for the whole of 1Q17. $RF also stated that it will get a couple of points with lower premium amortization as well.

$RF {{ '2017-01-20T16:44:15+0000' | timeago}} • Webcast

$RF said it expects FY17 average loan and average deposits to grow in the low single digits, while net interest income and other financing income growth is expected in the 2-4% range. Total adjusted non-interest expenses in FY17 are expected to increase between 0-1% and $RF expects to achieve a full-year adjusted efficiency ratio of approx. 62%.

$RF {{ '2017-01-20T11:32:24+0000' | timeago}} • Announcement

$RF's avg. loans and leases were relatively stable in 4Q16. Average deposit balances rose $1Bil or 1%, while net interest income and other financing income on a FTE basis rose $18MM or 2%. During 4Q16, $RF incurred $17MM of expenses related to the consolidation of 70 branches & will consolidate an additional 27 branches, expected to close in 2Q17.

$RF {{ '2017-01-20T11:26:44+0000' | timeago}} • Announcement

Banking company $RF posted higher 4Q16 earnings, helped by growth in deposits, net interest income and other financing income and non-interest income. Net income for the quarter rose 3.71% to $279MM or $0.23 per share from $269MM or $0.21 per share a year ago. Total revenue on a taxable-equivalent basis rose 1.89% YoverY to $1.396Bil.

$RF {{ '2017-01-05T22:07:59+0000' | timeago}} • Announcement

$RF announced that Jose S. Suquet has been appointed to the company's BoD, effective immediately. Mr. Suquet will serve on the Risk Committee and the Compensation Committee of the Regions Board of Directors. Mr. Suquet is Chairman, President and CEO of Pan-American Life Insurance Group.

$RF {{ '2016-12-15T00:18:14+0000' | timeago}} • Announcement

$RF said it is increasing its prime lending rate to 3.75% from 3.50%, effective Thursday, December 15.

$RF {{ '2016-11-08T14:49:01+0000' | timeago}} • Announcement

$RF appointed Samuel Di Piazza Jr. and James Prokopankohave to its BoD, effective immediately. Di Piazza will serve on the Audit Committee and the Compensation Committee of the board. Prokopanko will serve on the Nominating and Corporate Governance Committee and the Risk Committee of the board.

$RF {{ '2016-11-01T22:59:57+0000' | timeago}} • Announcement

$RF said its BoD has authorized a $120MM increase to its common stock repurchase program, from $640MM to $760MM. The authority granted under the stock repurchase program expires on June 30, 2017.

$RF {{ '2016-10-18T17:48:59+0000' | timeago}} • Webcast

Regarding the capital markets' momentum for 2017, $RF said it grew its revenue over last 2 years by building out capital markets platform across a number of different products and capabilities. So, $RF now expects to see a growth in 2017 as it leverage more of these capabilities.

$RF {{ '2016-10-18T17:13:26+0000' | timeago}} • Webcast

$RF expects 4Q16 average loan and deposits to be relatively stable. FY16 net interest income and other financing income are expected to be in the range of 2-4%. FY16 adjusted non-interest income is expected to be more than 6%. $RF also expects adjusted efficiency ratio of about 63% with a positive operating leverage in the 2-4% range.

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