Last $9.55 USD
Change Today -0.07 / -0.73%
Volume 7.9M
RF On Other Exchanges
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New York
As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

regions financial corp (RF) Key Developments

Regions Financial Corp. Announces Retirement of James Malone as Board of Director, Effective April 23, 2015

Regions Financial Corporation announced that James “Jim” Malone will retire from the Board of Directors effective April 23, 2015, having reached the Board’s mandatory retirement age of 72. Malone has served as a director since 1994. He is currently a member of the Risk Committee and was previously a member of the Audit Committee. In addition to service on those committees, Malone previously chaired the Compensation Committee and the Risk Committee.

Regions Financial Corporation Declares Quarterly Cash Dividend on Common and Preferred Shares, Payable on April 1, 2015 and March 16, 2015 Respectively

The Regions Financial Corporation Board of Directors declared the following cash dividends on its common shares, Series A preferred shares, and Series B preferred shares: A quarterly cash dividend of $0.05 on each share of outstanding common stock of the Company, payable April 1, 2015, to stockholders of record at the close of business on March 13, 2015. A quarterly cash dividend of $15.9375 per share (equivalent to approximately $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series A. Each outstanding share of the Series A Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series A Preferred Stock. The dividend will be paid on March 16, 2015, to stockholders of record at the close of business on March 2, 2015. A quarterly cash dividend of $15.9375 per share (equivalent to approximately $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series B. Each outstanding share of the Series B Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series B Preferred Stock. The dividend will be paid on March 16, 2015, to stockholders of record at the close of business on March 2, 2015.

Regions Financial Corp. Settles Suits over 3 Morgan Keegan Funds for $125 Million

Regions Financial Corp. announced that the company reportedly reached a $125 million agreement to settle lawsuits related to three Morgan Keegan funds. The two class-action complaints had alleged that the company mishandled three Morgan Keegan bond mutual funds, which went belly-up in 2007 after making heavy investments in subprime mortgages. Under the terms of the preliminary settlements, subject to court approval, the Birmingham, the company will pay $110 million in cash to investors in Morgan Keegan's Short Term Bond, Select Intermediate Bond and Select High Income funds, and funnel $15 million in cash directly to the funds, minus any legal fees. The settlements were filed on January 22, 2015 in federal court in Memphis, Tenn.

Regions Financial Corporation Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Regions Financial Corporation announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the fourth quarter, the company reported net interest income of $820 million against $832 million a year ago. Total revenue was $1,268 million compared to $1,358 million a year ago. Income from continuing operations before income taxes was $291 million against $333 million a year ago. Income from continuing operations was $214 million or $0.14 per basic and diluted share against $241 million or $0.17 per basic and diluted share a year ago. Net income from continuing operations available to common shareholders was $198 million or $0.14 per basic and diluted share against $233 million or $0.17 per basic and diluted share a year ago. Tangible common book value per share (non-GAAP) was $8.26 compared to $7.54 a year ago. For the full year, the company reported net interest income of $3,279 million against $3,262 million a year ago. Total revenue was $5,100 million compared to $5,281 million a year ago. Income from continuing operations before income taxes was $1,599 million against $1,587 million a year ago. Income from continuing operations was $1,142 million or $0.79 per diluted share against $1,135 million or $0.78 per basic and diluted share a year ago. Net income from continuing operations available to common shareholders was $1,090 million or $0.80 per diluted share against $1,103 million or $0.77 per diluted share a year ago.

Regions Financial Corporation Presents at Credit Suisse 16th Annual Financial Services Forum, Feb-10-2015 08:45 AM

Regions Financial Corporation Presents at Credit Suisse 16th Annual Financial Services Forum, Feb-10-2015 08:45 AM. Venue: Turnberry Isle Miami, Aventura, Florida, United States. Speakers: David J. Turner, Chief Financial Officer and Senior Executive Vice President.

 

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RF

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Valuation RF Industry Range
Price/Earnings 12.2x
Price/Sales 2.6x
Price/Book 0.8x
Price/Cash Flow 11.2x
TEV/Sales NM Not Meaningful
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