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Wire

Regions Financial's Fundamentals Remain Robust, RBC Says

Regions Financial's (RF) fundamentals remain robust with Q1 earnings growth validating that the company is delivering on its growth roadmap, RBC Capital Markets said in a Friday research report.The company's return on tangible common equity growth momentum is likely to continue into 2026 and 2027, with the brokerage reiterating its EPS guidance of $2.60 and $2.85, respectively.Regions' active interest-rate risk management program is contributing to its profitability, and the company remains well-capitalized with a common equity tier 1 ratio of 10.7%, analysts wrote.Balance sheet strength during the quarter was driven by loan growth, led by utilities, manufacturing, and health care, while robust cost management drove improvement across most expense categories, according to the note.The brokerage reiterated its outperform rating on the stock and boosted its price target to $31 per share from $29.Price: $28.31, Change: $+0.18, Percent Change: +0.62%

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Research

Research Alert: CFRA Keeps Buy Rating On Shares Of Regions Financial Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:After digesting Q1 2026 earnings, we increase our 12-month target by $1 to $37, 12.5x our 2027 EPS estimate, a premium to RF's five-year forward P/E average of 9.7x, given an improving regulatory environment and exciting growth prospects. We raise our 2026 EPS estimate by $0.02 to $2.67 and increase 2027's by $0.07 to $2.95. We were a bit disappointed by Q1 results, as both net interest income and noninterest income contracted. However, RF is a well-run bank that successfully reduced costs, delivering positive operating leverage despite the weakness. Credit quality showed encouraging signs, and the bank's ROTCE of 18.3% remains superior to peers, many of whom do not expect to reach this level for at least three years. Significant upside remains. RF's CET1 ratio of 10.7% is conservative, in our view, coming in well above pre-pandemic levels. With proposed Basel III changes expected to reduce risk-weighted assets by 10%, RF is well positioned to return capital to shareholders at an accelerated rate.

$RF
US Markets

Fifth Third Bancorp Posts Surprise First-Quarter Profit; Regions Financial Revenue Misses Views

Fifth Third Bancorp (FITB) reported a surprise first-quarter profit on Friday, while Regions Financial's (RF) revenue fell short of market estimates.Fifth Third posted net income of $0.15 a share for the March quarter, down from $0.71 the year before, but defied the consensus on FactSet for a per-share loss of $0.10. The result included a negative impact of $0.68 a share on the bottom line related to the company's acquisition of regional lender Comerica."We closed the acquisition of Comerica on Feb. 1, and early financial benefits are already showing up, including strong net interest margin expansion and tangible book value per share growth," Chief Executive Tim Spence said in a statement. "We are also seeing early revenue synergies across both commercial and consumer businesses."Adjusted revenue rose to $2.86 billion from $2.16 billion in the prior-year quarter, just ahead of the Street's view for $2.85 billion. The stock was up 0.7% in the most recent premarket activity.On a fully taxable-equivalent basis, net interest income jumped 34% to $1.94 billion, buoyed by the addition of Comerica earning assets and lower funding costs, according to the lender. Noninterest income climbed 29% to $895 million.For 2026, the bank now anticipates net interest income to come in between $8.7 billion and $8.8 billion, according to an earnings presentation, reflecting a higher bottom end versus its previous outlook of $8.6 billion issued in January. For the ongoing quarter, it expects the metric to be at $2.2 billion to $2.25 billion.Separately, Regions Financial's adjusted EPS increased to $0.62 for the first quarter from $0.54 a year earlier, topping the average analyst estimate on FactSet of $0.60. Adjusted revenue improved 3.5% to $1.87 billion, but missed the Street's forecast of $1.91 billion. Regions' stock slipped 0.2% before the opening bell."Our results reflect the strength of our franchise, the continued momentum of our markets, and our consistent focus on solid execution amid an evolving macroeconomic backdrop," CEO John Turner said. "Growth in loans and deposits accelerated during the first quarter, credit metrics continued to improve, and client sentiment remained generally optimistic across our footprint."Net interest income came in at $1.26 billion on a taxable-equivalent basis, up from $1.21 billion in the 2025 quarter, but was down 2.6% from the previous three-month period. Noninterest income inclined 5.9% to $625 million.The lender continues to project net interest income to grow by 2.5% to 4% for the current full year, it said in an earnings presentation. The metric is expected to increase by about 2% sequentially in the second quarter.

$FITB$RF
US Markets

Stocks Rise Pre-Bell as President Trump Signals Optimism on Iran Deal Prospects

The benchmark US stock measures were pointing higher before the open Friday after President Donald Trump reportedly expressed optimism over prospects for a peace deal with Iran.The S&P 500 and the Nasdaq rose 0.2% each in premarket activity, while the Dow Jones Industrial Average added 0.4%. The indexes finished Thursday in the green, with the Nasdaq extending its winning streak to a 12th consecutive session."It's looking very good that we're going to make a deal with Iran, and it's going to be a good deal," Trump told reporters at the White House on Thursday, according to Bloomberg News. Talks between the US and Iran could resume on the weekend, Trump said.Treasury yields were down before the opening bell, with the two-year rate retreating 1.3 basis points to 3.77% and the 10-year rate off 1.4 basis points to 4.3%.On Thursday, Trump announced on social media that Lebanese President Joseph Aoun and Israeli Prime Minister Benjamin Netanyahu agreed to formally begin a 10-day ceasefire. The ceasefire seeks to pause hostilities between Israel and Iran-backed Hezbollah in Lebanon, a key sticking point in peace negotiations between Washington and Tehran.West Texas Intermediate crude oil dropped 4.1% to $90.82 a barrel in premarket action, while Brent fell 4% to $87.54.Shares of Netflix (NFLX) slumped 9.8% pre-bell after the streaming giant's second-quarter outlook fell short of Wall Street's estimates. Advanced Micro Devices (AMD) edged down 0.4% after closing the previous trading session up 7.8%, while GE Aerospace (GE) rebounded 0.4% following a nearly 5% drop on Thursday.Truist Financial (TFC), Fifth Third Bancorp (FITB), State Street (STT), Regions Financial (RF), Ally Financial (ALLY) and Autoliv (ALV) report their latest financial results before the bell.Federal Reserve Bank of San Francisco President Mary Daly is scheduled to speak at 11:30 am ET, while Richmond Fed President Thomas Barkin speaks at 12:15 pm. Federal Reserve Governor Christopher Waller is slated to speak at 2 pm.Friday's thin economic calendar has the weekly Baker Hughes oil-and-gas rig count at 1 pm.Gold nudged 0.1% higher to $4,814 per troy ounce, while bitcoin slipped 0.1% to $75,132.

Dow JonesNasdaq CompositeS&P 500$ALLY$ALV$AMD$FITB$GE$NFLX$RF$STT$TFC
Research

Research Alert: Rf: Q1 Earnings Beat But Top-line Growth Disappoints

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:RF posted mixed Q1 2026 results with operating EPS of $0.62 vs. $0.54 in the prior year, beating consensus by $0.03. Revenue of $1.87B missed consensus by 2%, declining 3% sequentially but rising 5% annually. Credit quality showed meaningful improvements with net charge-offs decreasing to 0.54% of average loans and the provision declining 21% to $91M, while NPLs declined to 0.71%, and balance sheet growth accelerated with loans increasing 2.4% to $97.9B. Management maintained both 2026 net interest income guidance of +2.5%-4% and fee income guidance of +3%-5% despite NII headwinds this quarter. We view the loan growth acceleration positively, driven by broad-based C&I lending with two-thirds consisting of investment grade credits and higher line utilization. RF's deposit base remains a competitive advantage with peer-leading cost of funds at 1.72% on interest-bearing deposits, supporting a top-quartile NIM of 3.67% despite 3 bps of quarterly compression from tighter asset spreads.

$RF