Regions Financial Corp. Receives Results of 2022 Stress Test
27 Giugno 2022 - 10:35PM
Business Wire
Company is well positioned to deliver sustainable
performance.
The Federal Reserve has communicated to Regions Financial Corp.
(NYSE:RF) that the company exceeded all minimum capital levels
under the Federal Reserve’s Supervisory Stress Test.
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the full release here:
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Regions Financial Corp. is a member of
the S&P 500 Index and is one of the nation’s largest
full-service providers of consumer and commercial banking, wealth
management, and mortgage products and services. (Photo: Business
Wire)
Regions’ preliminary Stress Capital Buffer requirement for the
fourth quarter of 2022 through the third quarter of 2023, as
determined by the Federal Reserve, will be floored at 2.5%. Regions
continues to benefit from a prudent approach to risk management,
including the company’s proactive interest rate risk management
program, which has helped position the bank for sustainable
performance and, along with Regions’ deposit franchise, provides a
meaningful competitive advantage.
“Over the last year, we have continued to diversify and grow
revenue streams while expanding specialty capabilities for a wide
range of clients. Regions is operating from a position of strength
as we deliver competitive financial solutions as well as trusted
advice and guidance across our customer base,” said John Turner,
President and CEO of Regions Financial Corp. “Our teams have deep
experience working with clients through a variety of economic
cycles. The conversations we’re having with customers show that,
despite uncertainties, consumers and businesses remain resilient.
Further, the Regions footprint has benefited significantly from
steady population and business growth in recent years. Our capital
planning process is enabling Regions to make strategic investments
in our business to support continued innovation and revenue growth
over time while further enhancing the customer experience. The
result is consistent, long-term value for our customers, our
shareholders and the communities we serve.”
Regions maintains an active and broad-reaching capital planning
process designed to ensure the efficient use of capital while
maintaining a long-term approach to capital allocation and
distribution consistent with the bank’s strategic priorities.
Regions remains committed to managing its Common Equity Tier 1
capital ratio within the company’s current operating range, which
is 9.25-9.75%.
Throughout the fourth quarter of 2021, Regions successfully
completed three acquisitions of businesses that expand the bank’s
services and specialty capabilities while providing additional
sources of revenue. Most recently, Regions completed its
acquisition of Clearsight Advisors, Inc., expanding Regions’
mergers-and-acquisitions (M&A) advisory capabilities into the
technology industry. Previously, Regions closed on its acquisition
of Sabal Capital Partners, LLC, a diversified financial services
firm that facilitates off-balance-sheet lending in the small
balance commercial real estate market. Earlier in the fourth
quarter of 2021, Regions announced it had completed its acquisition
of home improvement point-of-sale lender EnerBank. Each acquisition
is consistent with Regions’ capital allocation process and bolt-on
acquisition strategy, which enables the bank to pursue continued
innovation and growth in support of deepening relationships with
existing clients and attracting new clients to the bank.
Additionally, Regions’ Board of Directors will consider an
increase in Regions’ quarterly common stock dividend, effective for
the third quarter of 2022, at the Board’s regularly scheduled
meeting in July 2022.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $164 billion in
assets, is a member of the S&P 500 Index and is one of the
nation’s largest full-service providers of consumer and commercial
banking, wealth management, and mortgage products and services.
Regions serves customers across the South, Midwest and Texas, and
through its subsidiary, Regions Bank, operates approximately 1,300
banking offices and more than 2,000 ATMs. Regions Bank is an Equal
Housing Lender and Member FDIC. Additional information about
Regions and its full line of products and services can be found at
www.regions.com.
Forward-Looking Statements
This release may include forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995, which
reflect Regions’ current views with respect to future events and
financial performance. The words “future,” “anticipates,”
“assumes,” “intends,” “plans,” “seeks,” “believes,” “predicts,”
“potential,” “objective,” “estimates,” “expects,” “targets,”
“projects,” “outlook,” “forecast,” “would,” “will,” “may,” “might,”
“could,” “should,” “can,” and similar expressions often signify
forward-looking statements. Forward-looking statements are not
based on historical information, but rather are related to future
operations, strategies, financial results, or other developments.
Forward-looking statements are based on management’s expectations
as well as certain assumptions and estimates made by, and
information available to, management at the time the statements are
made, and are subject to various known and unknown risks,
uncertainties, and other factors that may cause actual results to
differ materially from the views, beliefs, and projections
expressed in such statements. Factors that could cause actual
results to differ from those described in forward-looking
statements include those risks identified in Regions’ Annual Report
on Form 10-K for the year ended December 31, 2021, and in
subsequent filings with the Securities and Exchange Commission. You
should not place undue reliance on any forward-looking statements,
which speak only as of the date made. Regions assumes no obligation
to update or revise any forward-looking statements that are made
from time to time.
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version on businesswire.com: https://www.businesswire.com/news/home/20220627005712/en/
Media Contact: Jeremy D. King 205-264-4551 Investor
Relations Contact: Dana Nolan 205-264-7040 Regions News Online:
https://regions.doingmoretoday.com Regions News on Twitter:
@RegionsNews
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