Regions Financial Corporation reported a net income of $490 million, or $0.51 per diluted share, for the first quarter of 2025, marking a significant increase from the $368 million, or $0.37 per diluted share, recorded in the same period of 2024. The company's net interest income for the quarter was $1.2 billion, a slight increase of $9 million compared to the previous year, while the net interest margin decreased by 3 basis points to 3.52%. The provision for credit losses was $124 million, down from $152 million in the first quarter of 2024, reflecting a stable credit environment despite a slight increase in net charge-offs to $123 million.
In terms of operational metrics, Regions' total loans decreased to $95.7 billion as of March 31, 2025, down from $96.7 billion at the end of 2024. This decline was primarily driven by a reduction in the commercial and industrial loan portfolio, which fell by $792 million. Conversely, the company saw an increase in total deposits, which rose to $130.97 billion, up from $127.6 billion at year-end 2024, attributed to seasonal tax patterns and a preference for liquidity in an uncertain economic environment.
Regions also made strategic moves during the quarter, including the reclassification of $1 billion in debt securities from available-for-sale to held-to-maturity to reduce volatility in accumulated other comprehensive income (AOCI). The company’s total assets increased to $159.85 billion, up from $157.3 billion at the end of 2024, driven by higher cash balances and an increase in interest-bearing deposits. The bank's capital position remained strong, with a Common Equity Tier 1 (CET1) ratio of 10.8% as of March 31, 2025.
Looking ahead, Regions anticipates continued economic uncertainty, particularly regarding inflation and interest rates, which may impact future credit quality and loan performance. The company is closely monitoring macroeconomic factors and adjusting its allowance for credit losses accordingly. Regions remains committed to maintaining a diversified loan portfolio and managing its interest rate risk through various hedging strategies, including the use of derivatives. The outlook for the remainder of 2025 suggests cautious optimism, with expectations for moderate economic growth and a focus on maintaining strong capital and liquidity positions.
About REGIONS FINANCIAL CORP
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