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Regions Financial Corporation

6/19/2013, 7:28 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Friday, May 31, 3:21 PM Large-cap banks are poised for multiple expansion, says Sterne Agee, as discussions with managements along with data points from recent investor presentations suggest business in Q2 is doing better than expectations. The team is recommending a basket of C, JPM, MS, and GS. In a similar vein, they like a basket of "discounted regionals" - PNC, MTB, RF, USB, and STI. Comment! [Financials]
Wednesday, April 24, 12:43 PM Regions Financial Corporation (RF) declares $0.03/share quarterly dividend, 200% increase from prior dividend of $0.01. Forward yield 1.47%. For shareholders of record June 14. Payable July 01. Ex-div date June 12. (PR) 1 Comment [Dividends]
Tuesday, April 23, 12:07 PM More on Regions Financial (RF +3.9%) Q1 earnings: Net interest income of $798M, off 4% Y/Y; net interest margin up 4 bps to 3.13%. Noninterest income of $501M, off 4%. Noninterest expense of $842M, off 8%. Loans flat sequentially as growth in C&I offsets continued runoff in mortgages and consumer loans. Tier 1 common ratio of 11.2%. Tangible book value of $7.29/share, up $0.18 from Q4. (PR) Comment! [Financials, Earnings, On the Move]
Tuesday, April 23, 7:03 AM Regions Financial (RF): Q1 EPS of $0.23 beats by $0.03. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, April 23, 12:05 AM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX 1 Comment [Earnings]
Monday, April 22, 5:30 PM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX Comment! [Earnings]
Tuesday, April 9, 6:43 PM A Goldman Sachs note helps explain some of the recent weakness in big bank stocks and adds a warning signal: Banks that gain more than 10% in Q1 usually give back nearly all those profits in Q2 when future earnings estimates begin falling. Goldman's top concern heading into Q1 earnings is that "lackluster fundamentals could lead to a negative EPS revision cycle (which has been the trend the past few years)." 5 Comments [Financials, Quick Ideas]
Tuesday, March 19, 5:58 PM Regions Financial (RF) announces a $350M stock buyback as part of the company's capital plan that was not objected to by the Federal Reserve in its 2013 Comprehensive Capital Analysis and Review. Comment! [Financials]
Thursday, March 14, 5:22 PM After hours movers in the regional banks: COF +0.6%, FITB +0.9%, KEY - which just announced an increase in the dividend to $0.055 from $0.05 and $426M in share repurchases - up 1%, PNC +0.4%, RF +1.6%, STI -0.3%, USB +0.2%. BBT - whose plan was rejected - off 2.8%. Comment! [On the Move, Financials]
Thursday, March 14, 5:00 PM More on bank capital return plans: Regions Financial (RF) an increase in the dividend to $0.03 from $0.01, $350M in share repurchases, and the redemption of about $500M in trust preferreds. SunTrust (STI) an increase in the dividend to $0.10 from $0.05 and $200M in share repurchases. U.S. Bancorp (USB) an expected increase in the dividend to $0.23 from $0.19 and $2.25 in share repurchases, 20% more than 2012's total. Comment! [Financials]
Tuesday, March 12, 11:57 AM Regions Financial (RF), SunTrust (STI), and Zions Bancorp (ZION) are likely to see the biggest dividend boosts among the regional players, says Credit Suisse. Buybacks would be best at the "cheap" banks as they would get the biggest boost to book value - Regions (again), KeyCorp (KEY), and Comerica (CMA) this year, and Fifth Third (FITB) and Huntington (HBAN) in 2014. 1 Comment [Financials]
Thursday, March 7, 4:55 PM More on the Fed Stress Tests (regional bank focus): BBT, FITB, KEY, PNC, RF, and USB came through with higher ratios than the big banks. STI is the laggard among the regionals, but still showed a 7.3% common ratio, well above the 5% cutoff. KeyCorp is the only stock showing noticeable movement AH, +0.8%. 1 Comment [Financials]
Thursday, March 7, 4:37 PM Fed Stress Tests: Ally Financial is the only bank not meeting the Fed standards. All of the other 18 holding companies showed a Tier 1 Common Ratio higher than 5% under the central bank's severe loss scenario. 24 Comments [Financials, Breaking News, Top Stories]
Thursday, March 7, 11:01 AM The big U.S. banks are considering defying the Fed and announcing capital return plans shortly after stress tests are released this afternoon, reports Bloomberg. The Fed wants the lenders to wait another week, but bank lawyers worry the plans will leak out. It's under discussion, JPM CFO Lake told an investor conference (transcript) Tuesday. XLF +0.6%. 34 Comments [Financials]
Wednesday, March 6, 12:20 PM Regions Financial (RF +2.4%) gains after an upgrade to Buy from Sandler O'Neill and this morning's presentation (webcast) (slides) at the Citi Financial Services Conference. As opposed to USB's somewhat dour remarks yesterday, Regions management sounds a bit more encouraged about what it's seeing in the year's first two months. USB falls further, -0.5%. Comment! [Financials]
Wednesday, March 6, 10:57 AM All 17 bank holding companies subject to Fed stress tests will pass the exam, says Credit Suisse's Moshe Orenbuch (results due Thursday). He thus sees payout ratios for the group rising to 64% of earnings this year from 36% in 2012, with BofA (BAC), Citigroup (C), and Regions Financial (RF) getting the biggest bump. Morgan Stanley (MS) and SunTrust (STI) should also see sizable increases. 6 Comments [Financials]

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