Regions Financial (BSP:R1FC34) Credit Losses Provision : R$2,805 Mil (As of Dec. 2023)

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What is Regions Financial Credit Losses Provision?

Regions Financial's credit losses provision for the three months ended in Dec. 2023 was R$759 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was R$2,805 Mil.

Regions Financial's quarterly credit losses provision increased from Jun. 2023 (R$573 Mil) to Sep. 2023 (R$716 Mil) and increased from Sep. 2023 (R$716 Mil) to Dec. 2023 (R$759 Mil).

Regions Financial's annual credit losses provision increased from Dec. 2021 (R$-2,963 Mil) to Dec. 2022 (R$1,422 Mil) and increased from Dec. 2022 (R$1,422 Mil) to Dec. 2023 (R$2,710 Mil).

Regions Financial Credit Losses Provision Historical Data

The historical data trend for Regions Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Regions Financial Credit Losses Provision Chart

Regions Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1,563.82

6,842.45

-2,963.17

1,421.50

2,709.59

Regions Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															703.16	572.74	716.11	759.47	756.93

Regions Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$2,805 Mil.

Regions Financial (BSP:R1FC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Regions Financial Corp (BSP:R1FC34) » Definitions » Credit Losses Provision

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RFpE.PFD:USA RFpC.PFD:USA RFpB.PFD:USA RF:USA

Address

1900 Fifth Avenue North, Birmingham, AL, USA, 35203

Website

https://www.regions.com

Regions Financial is a regional bank headquartered in Alabama, with branches primarily in the Southeastern and Midwestern United States. Regions primarily provides traditional commercial and retail banking and also offers mortgage services, asset-management, wealth-management, securities brokerage, and trust services.

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