BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. (NYSE:RF) today reported earnings for the fourth quarter and full-year ended Dec. 31, 2024. The company reported fourth quarter net income available to common shareholders of $508 million and diluted earnings per common share of $0.56. For the full-year 2024, the company reported net income available to common shareholders of $1.8 billion and diluted earnings per common share of $1.93. The company reported $1.8 billion in total revenue during the fourth quarter, including $777 million in reported pre-tax pre-provision income(1) and $816 million in adjusted pre-tax pre-provision income(1). Fourth quarter results were impacted by additional strategic securities repositioning and severance charges.
"This was a year of records at Regions, with our performance driven by a consistent focus on superior service as well as soundness, profitability, and growth. Our Capital Markets and Wealth Management businesses, as well as our Treasury Management products and services, all generated record revenue," said John Turner, Chairman, President and CEO of Regions Financial Corp.
Turner added, "We are excited about the momentum we have going into 2025 and remain focused on a solid growth plan, aided by the continued strength of the markets where we do business and leaders who inspire outstanding performance. Importantly, we have a team of 20,000 associates who consider the needs of our customers in every decision we make, taking the extra steps to turn ordinary experiences into something extraordinary. Our focus on providing best-in-class customer service is evident by our receipt of the Forbes Best Customer Service award. I'm proud to be part of the Regions team and of the way we take care of our customers and communities, and I look forward to what we will achieve together in 2025 and beyond."
SUMMARY OF FOURTH QUARTER and FULL-YEAR 2024 RESULTS:
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