> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Regions Financial Reports Q3 2024 Net Income of $446 Million as Net Interest Income Rises 3% Sequentially
- URL: https://www.theglobalbanker.com/regions-financial-q3-2024-net-income-446-million-net-interest-income-rises-sequentially/
- Published: 2024-10-18T16:21:00.000Z
- Updated: 2026-10-02T13:34:53.000Z
- Description: Regions Financial posted Q3 2024 net income of $446 million and ROTCE of 16.9% as net interest income climbed $32 million quarter-on-quarter and average deposits held at about $126 billion.
- Author: TGB Editorial Team
- Tags: Banking News, Americas, #archive

Regions Financial Corporation reported third-quarter 2024 net income of $446 million, or $0.49 per diluted share, on 18 October 2024\. Return on tangible common equity reached 16.9%.

Net interest income climbed $32 million, or approximately 3%, to $1.22 billion compared with the second quarter of 2024, as deposit cost pressures eased and asset yields benefited from the replacement of lower-yielding fixed-rate loans and securities. Net interest margin widened 3 basis points to 3.54% over the same period.

#### DEPOSITS AND CAPITAL

Average total deposits for the quarter were about $126 billion, down about 1% from the second quarter, which the bank attributed to normal summer spending patterns. 

The Common Equity Tier 1 capital ratio stood at 10.6% at the end of the third quarter. 

#### CREDIT QUALITY

Net charge-offs for the quarter were reported at 48 basis points of average loans. The metric remained within the bank's 40 to 50 basis point full-year range, and management said net charge-offs were expected to stay towards the upper end of that range.