Categories Analysis, Finance

Regions Financial (RF) Q2 2023 Earnings Summary

Regions Financial Corp. (NYSE: RF) reported its second quarter 2023 earnings results today.

Total revenue increased 12% year-over-year to $2 billion, driven by growth in net interest income.

Net income available to common shareholders was $556 million, or $0.59 per share, compared to $558 million, or $0.59 per share, last year.

Net interest income rose 25% YoY to $1.38 billion.

Net interest margin was 4.04%.

Non-interest income decreased 10% YoY to $576 million.

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