Sign in

    Regions Financial Corp (RF)

    Board Change

    You might also like

    Regions Financial Corporation (RF) is a financial services company that operates through three primary business segments: Corporate Bank, Consumer Bank, and Wealth Management, with additional activities categorized under "Other" . The company provides a range of financial products and services, including commercial and industrial lending, consumer banking products, and wealth management solutions . Regions Financial Corporation has a diversified revenue stream, with significant contributions from non-interest income sources such as service charges, card and ATM fees, and investment management .

    1. Consumer Bank - Offers consumer banking products and services through its branch network, including residential mortgages, home equity lines and loans, consumer credit cards, and other consumer loans, along with corresponding deposit relationships .
    2. Corporate Bank - Provides commercial banking functions such as commercial and industrial lending, commercial real estate, investor real estate lending, equipment lease financing, and capital markets activities, serving corporate, middle market, and commercial real estate developers and investors .
    3. Wealth Management - Delivers solutions for individuals, businesses, governmental institutions, and non-profit entities, including credit-related products, trust and investment management, asset management, retirement and savings solutions, and estate planning .
    NamePositionStart DateShort Bio
    John M. Turner, Jr.Chairman, President, and CEOJuly 2018John M. Turner, Jr. has been serving as CEO since July 2018 and was named President in December 2017. He joined Regions in 2011 as President of the South Region .
    David J. Turner, Jr.Senior Executive Vice President and CFO2010David J. Turner, Jr. has been serving as CFO since 2010 .
    Ronald G. SmithSenior Executive Vice President and Head of Corporate Banking Group2010Ronald G. Smith has been serving in this role since 2010. He announced his intent to retire on or around December 31, 2024 .
    David R. KeenanSenior Executive Vice President and Chief Administrative and HR Officer2010David R. Keenan has been serving in this role since 2010 .
    Kate R. DanellaSenior Executive Vice President and Head of Consumer Banking Group2018Kate R. Danella has held this position since 2018. She previously served in various strategic roles at Regions Bank .
    C. Dandridge MasseyChief Enterprise Operations and Technology OfficerMay 9, 2022C. Dandridge Massey joined Regions on May 9, 2022, previously serving at Truist Bank .
    Scott M. PetersSenior Executive Vice President and Chief Transformation Officer2010Scott M. Peters has been serving as an executive officer since 2010 .
    Tara A. PlimptonSenior Executive Vice President, Chief Legal Officer, and Corporate Secretary2020Tara A. Plimpton joined Regions in 2020, having previously served as General Counsel at GE .
    William D. RitterSenior Executive Vice President and Head of Wealth Management Group2010William D. Ritter has been serving in this role since 2010 .
    Russell K. ZusiSenior Executive Vice President and Chief Risk OfficerJanuary 1, 2024Russell K. Zusi was appointed CRO on January 1, 2024, after serving in various risk management roles at Bank of America .
    Roger W. JenkinsBoard MemberJanuary 1, 2025Roger W. Jenkins will join the Boards of Regions Financial Corp. and Regions Bank on January 1, 2025. He is currently the CEO of Murphy Oil Corporation .
    Brian WillmanSenior Executive Vice President, Head of Corporate Banking GroupDecember 31, 2024Brian Willman will assume this role upon Ronnie Smith's retirement on or around December 31, 2024. He joined Regions in 2009 .
    Nikki StephensonHead of Commercial BankingAugust 13, 2024Nikki Stephenson was elevated to this role following the announcement that Brian Willman would succeed Ronnie Smith. She joined Regions in 2008 .
    1. Given that your net charge-offs are trending towards the higher end of your expected 40-50 basis point range, do you anticipate this level remaining sticky, or do you foresee a decline in the coming quarters based on current economic conditions?

    2. With the growth of private credit and banks' potential roles in origination and structuring, are you considering investing more in this area to enhance your capital markets revenue, or are there specific reasons you are not pursuing this opportunity?

    3. Considering the cautious optimism among corporate customers and lower loan utilization rates, what specific strategies are you implementing to drive loan growth and capitalize on opportunities in your markets over the next year?

    4. Despite your confidence in expense management and commitment to positive operating leverage, what risks could pressure expenses higher, and how might this influence your ability to achieve positive operating leverage in 2025?

    5. With the potential risk of debit card interchange reform, how are you planning to grow your fee income in that area, and what contingencies do you have in place should regulatory changes impact this revenue stream?

    Program DetailsProgram 1
    Approval DateApril 20, 2022
    End Date/DurationQ2 2022 - Q4 2024
    Total additional amount$2.5 billion
    Remaining authorization$1,946,978,804
    DetailsManage capital allocation, maintain CET1 ratio around 10%
    YearAmount Due (millions)Debt TypeInterest Rate% of Total Debt
    2024$0Subordinated notes7.75%0% = (0 / 7,516) * 100
    2025$749Senior notes2.25%10.0% = (749 / 7,516) * 100
    2025$151Subordinated debentures6.75%2.0% = (151 / 7,516) * 100
    2028$647Senior notes1.80%8.6% = (647 / 7,516) * 100
    2030$746Senior notes5.722%9.9% = (746 / 7,516) * 100
    2035$994Senior notes5.502%13.2% = (994 / 7,516) * 100
    2037$299Subordinated notes7.375%4.0% = (299 / 7,516) * 100
    2037$496Subordinated notes6.45%6.6% = (496 / 7,516) * 100

    Competitors mentioned in the company's latest 10K filing.

    • Financial institutions located in the states in which they operate and other adjoining states
    • Large banks in major financial centers
    • Savings and loan associations
    • Credit unions
    • Fintechs
    • Finance companies
    • Mutual funds
    • Insurance companies
    • Brokerage and investment banking firms
    • Mortgage companies
    • Financial service operations of major commercial and retail corporations
    • Internet banks
    • Traditional technology companies
    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1971 PresentCurrent auditor

    Recent developments and announcements about RF.

    Corporate Leadership

      Leadership Change

      ·
      Dec 11, 2024, 2:35 PM

      Roger W. Jenkins is leaving his role as CEO of Murphy Oil Corporation to join the Boards of Directors at Regions Financial Corp. and Regions Bank, effective January 1, 2025. He will serve on the Risk and Technology Committees. Jenkins is recognized for his strategic leadership and alignment with Regions' values, which include a customer-first approach and strong governance .

      Board Change

      ·
      Dec 11, 2024, 2:35 PM

      Roger W. Jenkins has been appointed to the Board of Directors of Regions Financial Corporation and its subsidiary, Regions Bank, effective January 1, 2025. Jenkins is currently the CEO of Murphy Oil Corporation and will serve on the Risk and Technology Committees of the Boards. This appointment increases the size of the Boards to fourteen members .