Overview
- Regions reported adjusted earnings of $0.68 per share and adjusted revenue of $1.95 billion for the second quarter while net income was $549 million.
- Net interest income rose about 2% to $1.28 billion as average loans grew roughly 2% to $98.7 billion and the net interest margin stood at 3.66%.
- Wealth management revenue hit a record $150 million, marking the fifth record quarter in six periods and helping drive a 7% year‑over‑year rise in adjusted non‑interest income.
- Credit quality improved with annualized net charge-offs falling to 42 basis points from 54 basis points, the allowance for credit losses at 1.63%, and nonperforming‑loan coverage at 241%.
- The bank returned capital through about $59 million in share repurchases and a 13% dividend hike to $0.30 while reporting an estimated CET1 of 10.7% and saying loan pipelines were roughly 15% higher year over year.