How financially strong is Regions Bank? (2024)

How financially strong is Regions Bank?

Fitch

Affirms Regions Financial Corporation at 'A-'; Outlook Stable. Fitch Ratings - New York - 10 Oct 2023: Fitch Ratings has affirmed the Long- and Short-Term Issuer Default Rating (IDR) of Regions Financial Corporation (RF) and its operating subsidiary, Regions Bank, at 'A-' and 'F1', respectively.

How financially secure is Regions Bank?

Your Regions deposits are fully protected up to the standard deposit insurance amount by the Federal Deposit Insurance Corporation (FDIC). The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

Is Regions Bank financially stable?

DBRS Morningstar Confirms Regions Financial Corporation's Long-Term Issuer Rating at 'A'; Trend Stable.

How strong is Regions Bank?

Is Regions Bank in Financial trouble today?

Regions Financial's odds of distress is under 6% at the present time. It has tiny probability of undergoing some form of financial straits in the near future.

Is Regions Bank in good financial shape?

Overview. Regions Bank had $159.7 billion in assets as of June 30, 2022, ranking it No. 25 among banks in the country. Regions Bank serves customers across the South, Midwest and Texas and operates approximately 1,300 banking offices.

What are the disadvantages of Regions Bank?

What is the outlook for Regions Bank?

RF Stock 12 Month Forecast

Based on 14 Wall Street analysts offering 12 month price targets for Regions Financial in the last 3 months. The average price target is $21.88 with a high forecast of $27.00 and a low forecast of $18.00. The average price target represents a 15.16% change from the last price of $19.00.

What is the Regions Bank scandal?

Beginning in or about 2020, and continuing through in or about April 2021, Schouest exploited his position of trust at Regions Bank to embezzle funds from customer accounts and deposit the money into his personal bank accounts.

Which bank is strongest financially?

#1 Chase Bank

Headquartered on Park Avenue in New York City, Chase holds the most assets of all banking institutions. It offers numerous checking and savings accounts, investment accounts, business accounts and various types of credit cards.

Does Regions Bank have a good reputation?

Overall institution rating

The bottom line: Regions Bank is a regional institution that offers a few features many other banks don't, such as an annual 1% savings account bonus and a checking account rewards program. But other banks offer better checking and savings rates — not to mention less painful overdraft fees.

Is Regions Bank solid?

By the numbers, the bank showed solid liquidity and cautiously optimistic consumer metrics. It reported a Q1 2024 net income of $343 million, adjusted for increased FDIC special assessment accrual and severance-related charges from the headcount reduction.

Is Regions Bank growing?

For the full-year 2023, the company reported net income available to common shareholders of $2.0 billion and record pre-tax pre-provision income⁽¹⁾ of $3.2 billion. Compared to 2022, total revenue increased 5 percent to a record $7.6 billion driven by growth in net interest income.

Which 4 banks are in trouble?

Who is Regions Bank merging with?

On August 12, the long-anticipated closing of the merger between Memphis-based Union Planters Banks and Birmingham-based Regions Financial Corporation (NYSE: RF) will take place.

Is Regions Bank merging with another bank?

(NYSE:RF) (Regions) and Union Planters Corp. (NYSE:UPC) (Union Planters) have signed a definitive merger agreement, creating the 12th largest bank holding company nationwide in terms of deposits.

Is Regions Bank a small bank?

Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services.

What makes Regions Bank different from other banks?

Local knowledge and community investment

Beyond simply supporting you as a business customer, regional banks often support the growth of their local community. Large regional banks can often have a positive impact on state economies and support job creation in their areas.

How much money does Regions Bank have?

What two regional banks fail?

The unexpected collapses of three banks - Silicon Valley and Signature in March 2023 and First Republic in May - put a spotlight on how lenders managed risks to assets and liquidity as the Federal Reserve raised interest rates aggressively to bring surging inflation under control.

What is Regions Bank known for?

Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services.

Is Regions online banking safe?

Absolutely. When you enter your Online ID and password at regions.com, you are securely logging in directly to Regions Online Banking. Secure protocols enable the connection between your web browser and our secure server.

Why is Regions Bank stock falling?

Regions missed earnings expectations due to higher funding costs, including deposits. The bank's net interest income dropped from the previous quarter and is expected to fall further in the last three months of 2023. Regions is a survivor, but there isn't a near-term catalyst that would prompt investors to buy in.

How sound is Regions Bank?

Regions Financial is a strong regional bank, offering diversified financial services across the South and Midwest United States. The company's financials are very sound, with an excellent track record of generating growth through good times and bad.

How many states does Regions Bank serve?

Overview. Regions Bank and its account offerings are limited to customers in the 15 following Southern and Midwestern states: Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee and Texas.