Regions Financl Stock Price, News & Analysis

Regions Financial Corp. (NYSE:RF) has announced its schedule for releasing third quarter 2024 financial results on Friday, October 18, 2024. The company will make its news release and additional materials available on the Investor Relations website before the market opens. Following this, Regions executives will host a live audio webcast at 10 a.m. ET to discuss the results, which will include an accompanying slide presentation. Investors and interested parties can access the webcast through ir.regions.com. For those unable to attend the live event, an archived recording will be made available on the same website after the presentation concludes.

Jordyn Wright, a young entrepreneur and ICCC alumna, continues to grow her businesses while pursuing higher education. She founded J. Brielle Handmade Goods, a bath and body products company, in 2018 to address skin conditions like eczema. Wright also runs Passion to Purpose, a platform teaching youth entrepreneurship that has reached 200 budding business owners. Her participation in the Regions Bank-sponsored Inner City Capital Connections (ICCC) program provided valuable insights on financial principles, budgeting, and cash flow management. Wright emphasizes the importance of pivoting in business and encourages other entrepreneurs to participate in ICCC workshops. The next ICCC workshop is scheduled for October in Miami, with applications open until September 13, 2024.

Regions Bank hosted its third annual CDFI Convening, bringing together 14 CEOs and leaders from Community Development Financial Institutions across the bank's footprint. The event focused on shared priorities for community growth and success. Key discussions included:

- Economic landscape and risk management
- Human resources and talent development
- Brand storytelling and stakeholder engagement
- Consumer banking innovations
- Climate risk and energy efficiency financing
- CDFI organizational structure and objectives

The convening emphasized the critical role of CDFIs in providing responsible, affordable lending to disadvantaged communities. Regions Bank continues to support CDFIs through lending, investments, shared services, and technical assistance, recognizing their unique ability to serve communities in ways that larger banks cannot.

Regions Bank supports Peer Power Foundation, a Memphis-based nonprofit focusing on workforce development. The program, led by Marlon Ross Jr., aims to break the cycle of poverty by providing job skills and holistic support to at-risk youth. Key points:

• 90% of students have witnessed homicide; some have committed misdemeanors
• Program teaches forklift operation, metalworking, and supply chain logistics
• Includes 'essential skills' training: professionalism, financial education, and therapy
• Emphasizes accountability and overcoming limitations
• Aims to address workforce needs in Memphis and beyond

The program has shown positive results, with students reporting improved perspectives and life skills. Regions Bank supports this initiative financially and through volunteerism.

Regions Bank's Technology, Operations, Digital and Data interns participated in a volunteer event at Avondale Park in Birmingham, Alabama, as part of the bank's 'What A Difference A Day Makes' program. The event, held on National Intern Day (July 25), involved light landscaping around the park's rose garden. This initiative was coordinated with Friends of Avondale Park, a volunteer organization that supports the city's Parks and Rec department.

The internship program aims to introduce students to Regions' culture and values, including community involvement. Despite inclement weather, the interns demonstrated teamwork and enthusiasm. The experience is part of Regions' Emerging Talent program, which often leads to full-time employment opportunities for graduates.

Regions Bank is supporting Kids' Meals, a Houston nonprofit, through its New Markets Tax Credit (NMTC) investment. This funding will help Kids' Meals expand its operations with a new 50,000 square-foot facility, enabling them to serve 26,000 preschool-aged children daily by 2031. The investment supports the retention of 46 permanent full-time employees and will increase meals served annually from 2.1 million to 6.5 million.

Kids' Meals, founded in 2006, aims to end childhood hunger in Houston. The organization currently delivers 2.7 million meals annually across 50+ Houston-area zip codes. Besides meal delivery, Kids' Meals partners with 70+ community organizations to provide additional resources like education, job training, and health support to families.

Regions Bank has been named to the 2024 Disability Equality Index for the fourth consecutive year, recognizing it as a 'Best Place to Work for Disability Inclusion'. This distinction highlights Regions' commitment to creating an inclusive workplace and providing accessible banking services. Clara Green, head of Diversity, Equity and Inclusion, emphasized the importance of serving communities while considering the needs of all individuals.

The Disability Equality Index, a joint initiative of the American Association of People with Disabilities and Disability:IN, is a leading benchmarking tool for corporate disability inclusion policies. Regions' commitment extends to customers through accessible products and services, including the introduction of MagnusCards in 2024, designed for neurodivergent individuals. The bank also invests in programs supporting accessible housing, independent living, and workforce training for people with disabilities.

Regions Bank has announced significant leadership changes in its Corporate Banking Group. Ronnie Smith, the current head, will retire at the end of the year after over 40 years of service. Brian Willman, currently head of Commercial Banking, will succeed Smith as head of the Corporate Banking Group. Nikki Stephenson, head of Credit Products, will be elevated to head of Commercial Banking.

Smith, who began his career in 1981, has been praised for his dedication to clients and communities. Willman, a 15-year veteran of Regions, will report directly to CEO John Turner. Stephenson, with over 16 years of experience, will report to Willman. The bank emphasizes its commitment to customized services and a collaborative approach in serving businesses and industries.

Regions Financial Corp. (NYSE:RF) has announced its participation in the Barclays 2024 Global Financial Services Conference. The company's segment is scheduled for Wednesday, Sept. 11, at approximately 9:45 a.m. ET. Executives will engage in a fireside chat-style discussion during the event.

Interested parties can access the live, listen-only webcast of the discussion through Regions' Investor Relations page at https://ir.regions.com. For those unable to attend the live session, a replay will be made available on the same page following the event, ensuring widespread access to the company's insights and commentary.