Regions Financial (RF-PF) Q1 2025 Earnings Report

Revenue and Profitability
- Revenue: $2.315B in Q1 2025; YoY growth +1.22%; QoQ change -3.02%.
- Gross profit: $1.66B; gross margin = 71.71%.
- Operating income: $621M; operating margin = 26.83%; QoQ margin change negative notably due to seasonal factors and expense dynamics.
- Net income: $490M; net income margin = 21.17%; YoY gain +33.15%; QoQ decline -8.24%.
- EBITDA: $643M; EBITDA margin = 27.78%.
- Earnings per share (diluted): $0.51; YoY +37.84%; QoQ -8.93%.

Balance Sheet and Liquidity
- Total assets: $159.846B; total stockholders’ equity: $18.53B; tangible book value implied by equity base.
- Cash and cash equivalents: $14.316B; total cash-related liquidity supports ongoing liquidity risk management.
- Current assets: $38.029B; current ratio: 0.29; quick ratio: 0.29 (as reported in ratios data).
- Long-term investments: $103.884B; goodwill and intangibles: $7.873B (Goodwill $5.733B; intangible assets $1.140B).
- Total liabilities: $141.279B; debt metrics show long-term debt of $6.019B; net debt position negative (net debt = -$8.297B) reflecting ample liquidity.
- Leverage and capital: debt-to-capitalization ~24.5%; return metrics include ROE 2.64% and ROA 0.31%.

Cash Flow and Capital Deployment
- Operating cash flow: $1.066B; free cash flow: ~$1.061B.
- Net change in cash: $3.604B; ending cash balance: $14.316B; beginning cash balance: $10.712B.
- Investing activities: net cash used for investing activities $(1.66)B driven by purchases of investments; sales/maturities of investments contributed $1.471B; capex modest at $(5)M.
- Financing activities: net cash provided by financing activities $2.372B, supported by other financing activities totaling $3.366B and modest debt repayment of $(0.5)B; dividends paid $(0.252)B; share repurchases $(0.242)B.

Valuation and Efficiency
- Price/earnings (ttm proxy): ~10.0x; price/book ~1.06x; price/sales ~8.50x.
- Dividend yield: 1.28%; payout ratio: 51.4%.
- Efficiency-related ratios indicate a stable cost base, with operating leverage modestly constructive against revenue growth with cost controls.
- Four-quarter trailing performance (Q1 2025, Q4 2024, Q3 2024, Q2 2024, Q1 2024) shows a pattern of solid profitability and cash generation, albeit with some QoQ volatility driven by seasonality and balance sheet movements.