Ankündigung • Mar 10
Regions Financial Corporation, Annual General Meeting, May 06, 2026 Regions Financial Corporation, Annual General Meeting, May 06, 2026. Ankündigung • Mar 03
Regions Financial Corporation Announces Executive Changes Regions Financial Corporation announced Dana Nolan, head of Investor Relations, has decided to retire in April following a distinguished 37-year career with the company. Nolan has led Investor Relations for Regions since 2016. She previously served as associate director of Investor Relations beginning in 2010 following leadership roles in the company’s Treasury division. Her Investor Relations experience spans a period marked by significant change in the banking industry. Tom Speir, a veteran of Regions Bank, will succeed Dana Nolan as the head of Investor Relations. Speir brings more than two decades of financial experience to the position. He currently leads the company’s Strategy and Corporate Development group, responsibilities he will retain in his new role. After joining Regions in 2009, he served in various leadership roles in Corporate Treasury, including Assistant Treasurer and head of Balance Sheet Management. He was appointed to lead the Strategy and Corporate Development team in 2022. Prior to joining Regions, he served in Wachovia Bank’s Treasury organization as Securitized Products Portfolio Manager. Speir holds a bachelor’s degree in Business Management with a Finance concentration from North Carolina State University. As head of Investor Relations, Speir will oversee all institutional, retail, and fixed-income Investor Relations activities, including investor strategy and outreach, competitive and strategic analysis, and credit rating agency relationship management. Additionally, as part of Chadha’s transition to Chief Financial Officer, Regions announced that Karin Allen has been promoted as Chief Accounting Officer and James Eastman has been named Controller. Allen and Eastman, along with Speir, will report to Chadha. Ankündigung • Jan 16
Regions Financial Corporation Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2025 Regions Financial Corporation reported net charge offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported Net charge-offs were $142 million or an annualized 59 basis points of average loans, representing a 4 basis point increase compared to the third quarter. Ankündigung • Dec 11
Regions Financial Corporation (NYSE:RF) announces an Equity Buyback for $3,000 million worth of its shares. Regions Financial Corporation (NYSE:RF) announces a share repurchase program. Under the program, the company will repurchase up to $3,000 million worth of its shares. The repurchase program will expire on December 31, 2027. Ankündigung • Oct 17
Regions Financial Corporation Reports Net Loan Charge-Off for the Third Quarter Ended September 30, 2025 Regions Financial Corporation reported Net loan charge-off for the third quarter ended September 30, 2025. For the quarter, the company reported Net loans charged-off of $135 million against $117 million a year ago. Ankündigung • Oct 16
Regions Financial Corp. Declares Quarterly Common Stock Dividend, Payable on January 2, 2026 The Regions Financial Corp. Board of Directors declared the cash dividend of $0.265 on each share of outstanding common stock of the Company, payable on January 2, 2026, to stockholders of record at the close of business on December 1, 2025. Ankündigung • Jul 17
Regions Financial Corp. Announces Quarterly Cash Dividend on Common Stock, Payable on October 1, 2025 Regions Financial Corporation declared cash dividend of $0.265 on each share of outstanding common stock of the Company, payable on October 1, 2025, to stockholders of record at the close of business on September 2, 2025. The dividend of $0.265 represents a $0.015 (or 6%) increase over the most recent quarterly common dividend. Ankündigung • Jun 05
Regions Financial Corporation Appoints David Payne to Head of Originations for Regions Affordable Housing Regions Financial Corporation announced David Payne has been elevated to Head of Originations for Regions Affordable Housing. In this role, Payne will oversee all affordable housing originations by relationship managers supporting developers in many key growth markets across the country. Through low-income housing tax credits (LIHTCs), comprehensive financial solutions, and a holistic suite of additional banking options, Payne will provide business development and leadership to the group. He has 23 years of industry experience in affordable housing and will leverage that work to guide the Originations team to deepen support with developers. Payne will report directly to Katie Such, Head of Regions Affordable Housing. Payne previously served as co-head of Originations for Regions Affordable Housing and led the bank’s work in sourcing and originating transactions across the Southeast. He served as a relationship manager and credit underwriter before that. Additionally, Payne has leadership experience with various state-level affordable housing trade groups over the years. Ankündigung • Apr 23
Regions Financial Corporation Appoints Angela Santone as Chief People Officer, Effective May 12 Regions Financial Corporation announced experienced corporate executive Angela Santone is joining the company and will serve as Chief People Officer effective May 12. Santone will be part of Regions’ Executive Leadership Team and will strategically guide all Human Resources priorities for the bank. In coordination with Regions Chairman, President and CEO John Turner, as well as Chief Administrative Officer Dave Keenan, Santone will focus on multiple company-wide objectives, including: An experienced C-suite executive with more than two decades of human resources experience, Santone most recently spent four years as Senior Executive Vice President of Human Resources for AT&T. Reporting directly to the CEO, she was responsible for all aspects of global HR strategy and execution. Previously, she spent 18 years with Turner Broadcasting, where she developed and guided Human Resources initiatives across the company’s 10 lines of business.
Santone earned a Bachelor of Science in Sociology from Florida State University and a Master of Science in Counseling and Human Development from Troy University. Ankündigung • Apr 17
Regions Financial Corporation Declares Cash Dividend on Common Stock, Payable on July 1, 2025 Regions Financial Corporation declared cash dividend of $0.25 on each share of outstanding common stock of the Company, payable on July 1, 2025, to stockholders of record at the close of business on June 2, 2025. Ankündigung • Mar 04
Regions Financial Corporation, Annual General Meeting, Apr 16, 2025 Regions Financial Corporation, Annual General Meeting, Apr 16, 2025. Ankündigung • Feb 13
Regions Financial Corporation Declares Quarterly Common Stock Dividend, Payable on April 1, 2025 The Regions Financial Corporation Board of Directors declared a cash dividend of $0.25 on each share of outstanding common stock of the Company, payable on April 1, 2025, to stockholders of record at the close of business on March 3, 2025. Ankündigung • Jan 17
Regions Financial Corporation Announces Net Loan Charge-Off for the Fourth Quarter Ended December 31, 2024 Regions Financial Corporation announced Net loan charge-off for the fourth quarter ended December 31, 2024. For the quarter, the company reported Net loans charged-off of $119 million against $132 million a year ago. Ankündigung • Dec 11
Regions Financial Corporation Appoints Roger W. Jenkins to the Boards of Regions Financial Corp. and Regions Bank Regions Financial Corporation announced Roger W. Jenkins, director and CEO of Murphy Oil Corporation, has been appointed to serve on the boards of Regions Financial Corp. and its subsidiary, Regions Bank. Jenkins’ term on the Regions boards will begin January 1, 2025. An experienced corporate executive, Jenkins has been with Murphy Oil since 2001. In 2013, he was elevated to serve as director, president and CEO of the organization. Murphy Oil recently announced Jenkins will retire from Murphy’s board on Dec. 31, 2024, and will remain in an advisory role until his full retirement from Murphy on Dec. 31, 2025. Prior to serving Murphy Oil, Jenkins had a 17-year career with Texaco. Jenkins serves on several industry boards, including those guiding the American Petroleum Institute and the National Petroleum Council. He is the current board chair of the Louisiana State University Foundation and was recognized as LSU Alum of the Year in 2016. In 2022, he was awarded the Spindletop Award, which honors an individual in the energy industry for contributions to both the industry and the community. Jenkins was named EY Entrepreneur of the Year for the Gulf South region in 2023. Jenkins earned a bachelor’s degree in Petroleum Engineering from Louisiana State University and an MBA in Finance from Tulane University, and completed the Advanced Management Program at Harvard Business School.
With the addition of Jenkins, the Regions Boards will consist of 14 members. Upon joining the Regions Boards, Jenkins will serve on the Risk and Technology Committees. Ankündigung • Oct 17
Regions Financial Corporation Declares Quarterly Common Stock Dividend, Payable on January 2, 2025 The Board of Directors of Regions Financial Corporation declared a cash dividend of $0.25 on each share of outstanding common stock of the Company, payable on January 2, 2025, to stockholders of record at the close of business on December 2, 2024. Ankündigung • Jul 18
Regions Financial Corporation Declares Quarterly Common Stock Dividend, Payable on October 1, 2024 The Regions Financial Corporation Board of Directors declared cash dividend of $0.25 on each share of outstanding common stock of the Company, payable on October 1, 2024, to stockholders of record at the close of business on September 3, 2024. The dividend of $0.25 represents a $0.01 increase over the most recent quarterly common dividend. Ankündigung • Jun 15
Regions Bank Launches CashFlowIQ Regions Bank and BILL announced the launch of Regions CashFlowIQSM, a digital solution designed to simplify payments and streamline cash-management processes for Regions’ commercial clients. Regions CashFlowIQ, powered by BILL,provides advanced accounts payable and accounts receivable capabilities to help businesses securely pay bills, invoice customers, and receive payments faster. Regions CashFlowIQ will leverage BILL’s flexible payment offerings to provide more choices and capabilities for domestic and international payments. Here’s how it works: Enhanced Efficiency and Visibility: Businesses can initiate bill payments, create and send customized invoices, track payment information, streamline workflow approvals needed to approve payments, and automate payments all within the Regions OnePass® portal. Automatic Sync and Payments Reconciliation: This feature helps clients reconcile their financial books by automatically syncing with accounting software. The platform integrates with many accounting software options currently available. Payments Flexibility: Clients can leverage multiple payment options from BILL, such as credit or debit card, virtual card, ACH, check, and international wires to complete transactions. This gives clients greater flexibility to make secure domestic or international payments. Leveraging cashflow management solutions continues to be top of mind for clients who are looking for a streamlined and efficient financial management resource. Regions Bank continues to invest in innovative technology resources that provide a digital accounts management benefit to its clients. Ankündigung • Apr 18
Regions Financial Corporation Declares Quarterly Common Stock Dividend, Payable on July 1, 2024 The Regions Financial Corporation Board of Directors declared cash dividend of $0.24 on each share of outstanding common stock of the Company, payable on July 1, 2024, to stockholders of record at the close of business on June 3, 2024. Ankündigung • Apr 02
Regions Financial Appoints John Jordan as Head of Retail Regions Financial Corp. announced John Jordan has joined its Consumer Banking Group as head of Retail. He will lead an organization of more than 7,500 Regions Bank associates, including frontline branch teams, regional branch-banking leaders and support functions. The Retail Banking team is part of Regions’ broader Consumer Banking organization serving 4.5 million consumer households and small-business customers through branches in 16 states and beyond. Services are delivered in Regions’ primary markets through branch, digital and phone channels, as well as mortgage loan officers. Services also extend outside Regions’ primary banking footprint through point-of-sale home improvement loans offered by the contractor network of EnerBank, Regions’ home improvement finance division. Jordan joins Regions from Bank of America, where he spent more than 20 years in retail banking and wealth management as well as client experience, strategy, national sales and service operations, products, programs, and analytics. Highlights of his tenure include the launch of the Bank of America Preferred Rewards® program. In his most recent position, Jordan led The Academy – a team of coaches and learning professionals providing onboarding and education to more than 150,000 Bank of America employees each year. As head of Retail for Regions Bank, Jordan reports directly to Danella. His responsibilities include oversight of the Consumer Bank’s retail branches, management and support teams, as well as the organizations directing retail sales and fair lending. His appointment is effective April 1, 2024. Jordan graduated from Auburn University with a Bachelor of Science in Industrial and Systems Engineering and earned his Master of Business Administration from the University of Virginia’s Darden Graduate School of Business Administration. He is a founding board member of the nonprofit Next Step Clubhouse in Charlotte, which provides social and recreational activities for people with special needs. Along with his family, Jordan actively supports The Exceptional Foundation in Birmingham – a nonprofit with the same mission that currently provides year-round social and recreational activities to more than 700 people ranging from ages 5 to 81. At Bank of America, he was co-sponsor of its Disability Action Network employee group. Ankündigung • Mar 28
Regions Bank Announces Executive Changes Regions Bank announced a promotion at the firm. Financial services leader Katie Such has been promoted to head of Regions Affordable Housing. Such takes over from Rob Chiles, who is retiring after 35 years in the financial services industry. Ankündigung • Feb 16
Regions Financial Corporation and Regions Bank Appoints Bill Rhodes to the Boards of Directors and Member of Audit Committee and the Compensation and Human Resources Committee, Effective March 1, 2024 Regions Financial Corp. announced former AutoZone President and CEO Bill Rhodes has been appointed to serve on the boards of Regions Financial Corp. and its subsidiary, Regions Bank. Rhodes’ term on the Regions boards will begin March 1, 2024. An experienced corporate executive, Rhodes, 58, in January concluded a successful 18-year tenure as President and CEO of AutoZone, where he continues to serve as Executive Chairman. Rhodes has been with AutoZone for 29 years overall. Over the course of Rhodes’ tenure as President and CEO, AutoZone roughly doubled its number of auto parts stores, grew its workforce to approximately 120,000 people, increased revenues by more than three times and consistently enhanced its online presence and services. Prior to being named as AutoZone’s CEO, Rhodes served in a variety of executive roles for the Memphis-based company, including leading store operations as well as overseeing the supply chain, information technology and finance departments. Rhodes began his career with Ernst & Young. Rhodes is a graduate of the University of Tennessee at Martin with a Bachelor of Science in Business Administration and Accounting. He earned a Master of Business Administration from the University of Memphis. Having lived in Memphis for over 50 years, Rhodes is active in the community and serves on several industry and nonprofit boards. He is the current chair of the Coalition for Auto Repair Equality and serves on boards of the Retail Industry Leaders Association, Youth Programs Inc., the National Civil Rights Museum, and the University of Tennessee Board of Trustees, and is a member of the J.R. Hyde III Family Foundation Board of Trustees. With the addition of Rhodes, the Regions Boards will consist of 15 members. Upon joining the Regions Boards, Rhodes will serve on the Audit Committee and the Compensation and Human Resources Committee. Ankündigung • Feb 15
Regions Financial Corporation Declares Quarterly Common Stock Dividend, Payable on April 1, 2024 The Board of Directors of Regions Financial Corporation declared a quarterly cash dividend of $0.24 per share on each share of outstanding common stock of the company, payable on April 1, 2024, to stockholders of record at the close of business on March 1, 2024. Ankündigung • Jan 17
Regions Bank Launches Disaster-Recovery Financial Services Following Recent Tornadoes Regions Bank announced a series of disaster-recovery financial services designed to help people and businesses impacted by the Jan. 9 tornadoes in Northwest Florida and parts of Alabama, Georgia and South Carolina. Special options available for a limited time in affected communities1 include: Regions Mortgage Disaster Relief Purchase and Renovation loan programs, Regions will waive ATM surcharges for non-Regions customers using Regions ATMs in the impacted areas1 for seven days beginning Jan. 17, 2024., Non-Regions ATM fees will be waived when Regions customers use other banks’ ATMs in the impacted areas for seven days beginning Jan. 17, 2024. (Note: Fees charged by other banks or ATM owners may still apply.), No check-cashing fees will be charged for FEMA-issued checks when cashed in a Regions branch.2, Personal and business loan payment assistance is available.3, Payment deferrals are available for current credit card holders.3, Business loan payment deferrals of up to 90 days are available, expiring April 16, 2024.3, One penalty-free CD withdrawal is available upon request (unless within seven days of issuance or renewal) for up to 90 days, expiring April 16, 2024., An interest rate discount of up to 0.50% on new personal unsecured loans when customers in impacted areas apply in a branch or by phone4. The offer is available for up to 90 days, expiring April 16, 2024., An interest rate discount of up to 0.50% on non-business auto loans when customers in impacted areas apply in-branch or by phone4. The offer is available for up to 90 days, expiring April 16, 2024. Ankündigung • Oct 27
Regions Financial Corp. Announces Executive Changes, Effective Jan. 1, 2024 Regions Financial Corp. announced that Ward Cheatham will retire as head of Corporate Specialized Banking and a member of the company’s Executive Leadership Team at the end of 2023. The company’s current head of Capital Markets, Joel Stephens, has been named to succeed Cheatham, and the bank’s current head of Corporate and Institutional Markets, Rit Amin, will succeed Stephens. Cheatham joined Regions in 1996 as a Commercial Real Estate executive. Throughout his time at Regions, he served in a variety of leadership roles across the Corporate Banking Group, including division executive for Commercial and Industrial Lending, Capital Markets, Leasing, Healthcare and Asset-Based Lending. In addition, he served as head of Commercial Middle Market and Treasury Management Sales. Stephens joined Regions in 2008 to lead the Real Estate Capital Markets Group. He was named head of Capital Markets in 2019. During his 15 years at Regions, Stephens has been instrumental in expanding Regions’ services and solutions for Capital Markets clients. Examples include growing specialized banking teams managing HUD lending for multifamily and senior housing developments, building greater agency lending solutions through Fannie Mae and Freddie Mac, delivering Low-Income Housing Tax Credit program services, and guiding Commercial Real Estate loan syndication efforts. Additionally, Stephens helped lead the integration of Sabal Capital Partners into Regions Real Estate Capital Markets, an acquisition expanding Regions’ work in small-balance Commercial Real Estate lending through SNAP®, a technology-enabled platform that automates and drives efficiencies across the life-of-loan process, from loan origination through servicing. Amin is a veteran banker of nearly 30 years who joined Regions in 2013 as head of Corporate and Institutional Markets. During his decade-long tenure in this role, Amin has led teams providing clients with advisory and capital-raising expertise across a variety of industries and capital markets including loan, fixed income and equity markets. Amin’s experience and insights have also been key to the successful integration of acquired affiliates BlackArch Partners in 2015 and Clearsight Advisors in 2021. BlackArch Partners and Clearsight Advisors are advisory firms for mergers and acquisitions that operate across multiple industry sectors serving entrepreneurs and private equity clients. Under Amin’s direction, Regions also expanded its mergers-and-acquisitions corporate finance and advisory capabilities for middle market and corporate clients. Cheatham, Stephens and Amin will work collaboratively through the remainder of 2023 on the transition process for these key leadership roles. The leadership changes are effective Jan. 1, 2024. Ankündigung • Oct 19
Regions Financial Corporation Declares Quarterly Common Stock Dividend, Payable on January 2, 2024 The Regions Financial Corporation's Board of Directors declared cash dividend of $0.24 on each share of outstanding common stock of the Company, payable on January 2, 2024, to stockholders of record at the close of business on December 8, 2023. Ankündigung • Sep 22
Regions Financial Corp. Announces Executive Changes Regions Financial Corp. announced Chief Risk Officer Matt Lusco will retire at the end of 2023 following a nearly 45-year career in risk, finance, auditing, and accounting roles. Russell Zusi has been named to succeed Lusco effective January 2, 2024. Zusi joins Regions from Bank of America, where he has spent nearly 20 years in Risk Management and Finance roles, leading to his most recent position as co-head of Global Compliance and Operational Risk and Global Technology and Operations Chief Risk Officer. In this role, Zusi was responsible for overseeing the company’s strategy, governance, and execution of the Compliance and Operational Risk program. He prioritized comprehensive risk-management coverage and a culture of effectively managing risks, including ensuring a prudent control environment while supporting the company’s growth strategy. He also maintained strong relationships with key regulators and supervisory institutions worldwide, the bank’s senior leadership team, governance committees and the board of directors. Zusi will serve on the company’s Executive Leadership Team. His responsibilities will include overseeing Regions’ company-wide risk-management functions, including Financial Risk, Non-Financial Risk, Compliance and Regulatory Risk, Enterprise Risk, Risk Initiative Management and Integration, and Business Unit Risk Groups for the Corporate Banking Group, Consumer Banking Group, and Wealth Management. Zusi graduated from Cornell University with a Bachelor of Science in Operations Research and Industrial Engineering and a Master of Business Administration. He serves as a board member and head of the finance committee for LIFESPAN, a nonprofit supporting people with disabilities. Ankündigung • Sep 14
Regions Financial Corporation Announces Executive Changes Regions Bankon Wednesday announced Anna Brackin has been appointed to serve as Chief Compliance Officer overseeing the company’s compliance risk management program. In addition, Gary Walton recently joined the bank as Business Unit Chief Risk Officer for Regions’ Consumer Bankingand Wealth Management divisions. As Chief Compliance Officer, Brackin will lead an experienced team of risk management professionals who support the entire bank and its customer base. Areas of focus include building on Regions’ foundation of thorough compliance programs, consistently ensuring a prudent regulatory risk framework, and helping protect Regions and its customers from financial loss or harm. Brackin assumes the role following the recent retirement of Doug Jackson after a 34-year career at Regions. Brackin will report to Regions Chief Risk Officer Matt Lusco. Brackin joined Regions in 2020 as head of Corporate Banking Strategy and Administration. Over the last three years, Brackin more closely aligned essential functions within the Corporate Banking group, such as risk controls and compliance, program and process management, analytics and reporting, and more. Additionally, she promoted the development of new frameworks to further empower teams while ensuring a consistent approach in decisioning and project execution. Her new, company-wide leadership role enables Brackin to leverage her deep experience in the compliance arena to further evolve processes and procedures across the bank in support of Regions’ compliance and risk-management functions. Before joining Regions, Brackin held leadership roles in the Risk Management, Operations, and Wholesale Banking division at SunTrust Bank for 12 years. Responsibilities ranged from execution to oversight for enterprise-wide risk functions such as BSA/AML/OFAC programs, Information Security Risk Management programs, and Fraud Strategy and Operations. Walton comes to Regions from Union Bank, where he served as Chief Credit Officer and Executive Risk Officer. His 34-year banking career also includes risk management roles at SunTrust, InfiLink and Bank of America. Ankündigung • Jun 16
Regions Bank Announces Head of Its Homebuilder Finance Changes Regions Bank announced the hire of Fred Behnke to serve as head of its Homebuilder Finance. He previously served as regional manager for Region Bank's eastern region. He is to take over from Danny Hill, who has retired. Ankündigung • Feb 16
Regions Financial Corporation Declares Cash Dividend, Payable on April 3, 2023 The board of directors of Regions Financial Corporation declared a cash dividend of $0.20 on each share of outstanding common stock of the Company, payable on April 3, 2023, to stockholders of record at the close of business on March 10, 2023. Recent Insider Transactions • Jan 29
Senior EVP & Chief Risk Officer recently sold Mex$43m worth of stock On the 25th of January, C. Lusco sold around 100k shares on-market at roughly Mex$430 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jan 23
Full year 2022 earnings released: EPS: US$2.30 (vs US$2.51 in FY 2021) Full year 2022 results: EPS: US$2.30 (down from US$2.51 in FY 2021). Revenue: US$6.94b (flat on FY 2021). Net income: US$2.15b (down 11% from FY 2021). Profit margin: 31% (down from 35% in FY 2021). Net interest margin (NIM): 3.36% (up from 2.85% in FY 2021). Non-performing loans: 0.52% (down from 0.53% in FY 2021). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Mexico. Ankündigung • Jan 21
Regions Financial Corporation Reports Net Loans Charged-Off for the Fourth Quarter Ended December 31, 2022 Regions Financial Corporation reported net loans charged-off for the fourth quarter ended December 31, 2022. For the quarter, the company reported net loans charged-off of $69 million against $44 million a year ago. Upcoming Dividend • Nov 30
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 03 January 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Mexican dividend payers (6.7%). Lower than average of industry peers (4.5%). Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$0.43 (vs US$0.65 in 3Q 2021) Third quarter 2022 results: EPS: US$0.43 (down from US$0.65 in 3Q 2021). Revenue: US$1.73b (down 2.0% from 3Q 2021). Net income: US$404.0m (down 35% from 3Q 2021). Profit margin: 23% (down from 35% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Banks industry in Mexico. Upcoming Dividend • Aug 25
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Mexican dividend payers (6.2%). Lower than average of industry peers (5.0%). Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$0.60 (vs US$0.78 in 2Q 2021) Second quarter 2022 results: EPS: US$0.60 (down from US$0.78 in 2Q 2021). Revenue: US$1.69b (down 12% from 2Q 2021). Net income: US$558.0m (down 25% from 2Q 2021). Profit margin: 33% (down from 39% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 7.4%, compared to a 29% growth forecast for the industry in Mexico. 
