Regions Financial reported second-quarter net income available to common shareholders of $549 million and diluted earnings per share of $0.64, or $0.68 on an adjusted basis, on adjusted total revenue of $1.95 billion (reported: $1.91 billion), the Birmingham, Alabama-based lender said in its quarterly release on Friday.
Total revenue was relatively stable compared with the second quarter of 2025, while adjusted total revenue rose 2%, the bank said.
EARNINGS AND REVENUE
Net income available to common shareholders of $549 million compared with $539 million in the first quarter, while adjusted net income available to common shareholders was $583 million. Adjusted total revenue of $1.95 billion rose 4% from the first quarter, with net interest income up 2% and the net interest margin at 3.66%.
The gap between GAAP EPS of $0.64 and adjusted EPS of $0.68 mainly reflects a $40 million securities repositioning loss, along with $5 million of branch consolidation, property and equipment charges.
Wealth management income rose 6% from the first quarter to a record $150 million, while interest-bearing deposit costs were 1.69%.
GROWTH AND RETURNS
Regions grew diluted EPS 8% year on year, or 13% on an adjusted basis.
Return on average tangible common equity was 19%, or 20% on an adjusted basis, and the CET1 ratio was an estimated 10.7%. Regions also expanded its capital markets business through the acquisition of The Frazer Lanier Company, completed on 1 July 2026.
Chairman, president and chief executive John Turner said: "Strategic execution and solid delivery define our results for the second quarter. And, together, they're giving Regions clear momentum going into the second half of the year."