Overview

* Regions Financial ( RF ) Q3 adjusted rev beats estimates, driven by Wealth and Capital Markets

* Adjusted EPS for Q3 increased 11% year-over-year

* Company repurchased 10 mln shares for $251 mln, indicating financial confidence

Outlook

* Regions expects to maintain peer-leading ROATCE in 2025

* Company highlights strong capital position and liquidity as differentiators

* Regions focuses on long-term value creation through technology and growth initiatives

Result Drivers

* WEALTH MANAGEMENT - Co achieved a record quarter in Wealth Management income, driven by elevated sales activity and favorable market conditions

* CAPITAL MARKETS - Record performance in Capital Markets income, attributed to higher M&A advisory services, commercial swaps sales, loan syndications, and securities underwriting

* SERVICE CHARGES - Increase in service charges due to more account openings, seasonally higher activity, and one additional business day

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $1.91

Revenue bln

Q3 Beat $1.94 $1.92

Adjusted bln bln (19

Revenue Analysts

)

Q3 $0.63

Adjusted

EPS

Q3 EPS $0.61

Q3 Net $569 mln

Income

Q3 Net $1.25

Interest bln

Income

Q3 $105 mln

Credit

Loss

Provisio

n

Q3 Net 3.59%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Regions Financial Corp ( RF ) is $29.00, about 19.5% above its October 16 closing price of $23.35

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)