RN70.F | Regions Financial Corporation Annual & Quarterly

Annual Income Statements

(In USD)

Breakdown	2023	2022	2021	2020	2019
Revenue	7.02 Billion	7.16 Billion	6.43 Billion	6.27 Billion	5.47 Billion
Cost of Revenue	-553 Million	-	-	-	-
Gross Profit	7.57 Billion	7.16 Billion	6.43 Billion	6.27 Billion	5.47 Billion
Operating Expenses	3.19 Billion	-4.28 Billion	-3.22 Billion	-4.96 Billion	2.65 Billion
Selling, General and Administrative Expenses	3.19 Billion	2.48 Billion	2.35 Billion	2.23 Billion	2.65 Billion
Research and Development Expenses	-	-	-	-	-
Other Expenses	-	-6.76 Billion	-5.57 Billion	-7.19 Billion	-
Cost and Expenses	3.19 Billion	-4.28 Billion	-3.22 Billion	-4.96 Billion	2.65 Billion
Operating Income	3.82 Billion	2.87 Billion	3.21 Billion	1.31 Billion	2.81 Billion
Interest Expense	1.57 Billion	316 Million	167 Million	368 Million	851 Million
Income Tax Expense	533 Million	631 Million	694 Million	220 Million	403 Million
Earnings before Tax	2.6 Billion	2.87 Billion	3.21 Billion	1.31 Billion	1.98 Billion
Net Income	2.07 Billion	2.24 Billion	2.52 Billion	1.09 Billion	1.58 Billion
Earnings Per Share Basic	2.01	-	-	-	1.50
Earnings Per Share Diluted	2.11	-	-	-	1.58
Weighted Average Shares Outstanding	982.93 Million	-	-	-	1.05 Billion
Weighted Average Shares Outstanding (Diluted)	938 Million	-	-	-	999 Million
Gross Margin	1.08	1.00	1.00	1.00	1.00
EBIT Margin	-	0.45	0.56	0.28	0.52
Profit Margin	0.30	0.31	0.39	0.17	0.29
EBITDA	-	-	-	-	-
Earnings Before Tax Margin	0.54	0.40	0.50	0.21	0.52

Breakdown	2024 Q2	2024 Q1	2023 Q4	2023 FY	2023 Q3	2023 Q2
Revenue	1.73 Billion	1.74 Billion	1.8 Billion	7.57 Billion	1.85 Billion	1.95 Billion
Cost of Revenue	-	-	-	-	-	-
Gross Profit	1.73 Billion	1.74 Billion	1.8 Billion	7.57 Billion	1.85 Billion	1.95 Billion
Operating Expenses	-1.1 Billion	-1.28 Billion	-1.33 Billion	-4.96 Billion	-1.23 Billion	-1.22 Billion
Selling, General and Administrative Expenses	665 Million	728 Million	639 Million	-	639 Million	658 Million
Research and Development Expenses	-	-	-	-	-	-
Other Expenses	-1.77 Billion	-2.01 Billion	-1.97 Billion	-7.57 Billion	-1.87 Billion	-1.88 Billion
Cost and Expenses	-1.1 Billion	-1.28 Billion	-1.33 Billion	-4.96 Billion	-1.23 Billion	-1.22 Billion
Operating Income	625 Million	464 Million	471 Million	2.6 Billion	619 Million	728 Million
Interest Expense	576 Million	540 Million	520 Million	1.57 Billion	475 Million	358 Million
Income Tax Expense	124 Million	96 Million	80 Million	533 Million	129 Million	147 Million
Earnings before Tax	625 Million	464 Million	471 Million	2.6 Billion	619 Million	728 Million
Net Income	501 Million	368 Million	391 Million	2.07 Billion	490 Million	581 Million
Earnings Per Share Basic	0.52	-	-	-	-	-
Earnings Per Share Diluted	0.52	-	-	-	-	-
Weighted Average Shares Outstanding	963.46 Million	-	-	-	-	-
Weighted Average Shares Outstanding (Diluted)	918 Million	-	-	-	-	-
Gross Margin	1.00	1.00	1.00	1.00	1.00	1.00
EBIT Margin	0.38	0.29	0.29	-	0.37	0.40
Profit Margin	0.29	0.21	0.22	0.27	0.26	0.30
EBITDA	666 Million	512 Million	524 Million	-	678 Million	789 Million
Earnings Before Tax Margin	0.36	0.27	0.26	0.34	0.33	0.37