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Regions Financial 8-K Report, Regulation FD Disclosure (Feb 27, 2025)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed February 27, 2025
Period End
February 27, 2025
In the record · 2016–202610-K1210-Q328-K207

RF filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 207 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Aug ’18Aug ’18
  2. Leadership change8-K · Jun ’22Jun ’22
  3. Leadership change8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed February 27, 2025. Cited figures are marked; the original filing is the authoritative source.

Regions Financial Corporation furnished investor presentation materials under Item 7.01 for meetings with institutional investors in February and March 2025.

Exhibit 99.1 is the full Presentation Materials deck, and Exhibit 99.2 contains the materials for the RBC Global Financial Institutions Conference on March 4-5, 2025. The information is furnished, not filed, under Section 18 of the Exchange Act. The deck reports full-year 2024 net income available to common shareholders of $1,774Ma and diluted EPS of $1.93, with both figures identical on an adjusted basis.

Reported 4Q24 net income available to common shareholders was $508Mb, or $0.56 per diluted share. Management cites top-quartile ROATCE of 18% for FY24 and 19% for 4Q24 against its peer group. Full-year adjusted pre-tax pre-provision income was $3,064M, and the adjusted efficiency ratio was 57.6%.

For 2025, management expects net interest income to grow 2% to 5% from $4,818Mc, with a net interest margin rising to 3.60% by 4Q25. It expects adjusted non-interest income to grow 2% to 4%, adjusted non-interest expense to rise 1% to 3%, and average loans to increase about 1%.

Net charge-offs are guided to 40 to 50 bps of average loans, toward the upper end of that range. The company also outlined an adjusted CET1 inclusive of AOCI operating range of 9.25%d to 9.75%, which it expects to manage toward in the near term.

02—Key points

Key Highlights

  1. FY24 net income available to common shareholders was $1,774M, or $1.93 per diluted share; 4Q24 was $508M, or $0.56 per diluted share.
  2. Management reports top-quartile ROATCE of 18% for FY24 and 19% for 4Q24 versus its peer group.
  3. FY24 adjusted pre-tax pre-provision income was $3,064M; the 4Q24 adjusted efficiency ratio was 55.4%.
  4. 2025 guidance calls for net interest income up 2% to 5% from $4,818M, with NIM rising to 3.60% by 4Q25 and 1Q25 NII expected to decline modestly versus 4Q24.
  5. 2025 guidance includes adjusted non-interest expense up 1% to 3% and adjusted non-interest income up 2% to 4%, with an effective tax rate of 20% to 21%.
  6. 4Q24 adjusted CET1 inclusive of AOCI was estimated at 8.8%, with a near-term management target of 9.25% to 9.75%; reported CET1 was 10.8%.
  7. 4Q24 included declared common dividends of $226M and $58M of share repurchases; the dividend payout target is 40% to 50% of earnings.

03—Questions

Frequently Asked Questions

  1. What is this 8-K filing about?

    The filing furnishes investor presentation materials under Item 7.01 for meetings with institutional investors in February and March 2025, including the RBC Global Financial Institutions Conference on March 4-5, 2025. The materials are furnished, not filed, for Exchange Act Section 18 purposes.

  2. How did Regions perform in 2024?

    Regions reported FY24 net income available to common shareholders of $1,774M and diluted EPS of $1.93. Reported FY24 total revenue was $7,083M, and adjusted pre-tax pre-provision income was $3,064M. Management cites top-quartile ROATCE of 18% for FY24.

  3. What does management expect for 2025?

    Management expects net interest income to grow 2% to 5% from $4,818M, adjusted non-interest income to grow 2% to 4%, and adjusted non-interest expense to rise 1% to 3%. Average loans are expected to rise about 1%, average deposits to be relatively stable, and net charge-offs to be 40 to 50 bps of average loans, toward the upper end.

  4. How is the company managing its capital and AOCI exposure?

    The company reported 4Q24 CET1 of 10.8% and an adjusted CET1 inclusive of AOCI estimated at 8.8%. Management expects to manage the adjusted measure toward a 9.25% to 9.75% operating range in the near term. It transferred $2B of AFS securities to HTM in 4Q24 and added $2.0B of AFS fair value swaps to reduce AOCI volatility.

  5. What happened with the securities portfolio in 4Q24?

    Regions sold about $700M of AFS securities in 4Q24, realizing a $30M pre-tax loss, and reinvested the proceeds at higher market yields. The filing states the reinvestment was 2.2% above the sales yield, with an estimated payback of about 2.7 years.

04—Continue

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