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REGIONS Media Contact : Jeremy King ( 205 ) 264-4551 NEWS RELEASE Exhibit 99.1 Investor Relations Contact : Dana Nolan ( 205 ) 264-7040 Strategy . Momentum . Results . Regions reports second quarter 2021 earnings of $ 748 million , earnings per share of $ 0.77 Delivers solid revenue and pre - tax pre - provision income ) . BIRMINGHAM , Ala . - ( BUSINESS WIRE ) - July 23 , 2021 - Regions Financial Corporation ( NYSE : RF ) today announced earnings for the second quarter ended June 30 , 2021. The company reported net income available to common shareholders of $ 748 million and earnings per diluted share of $ 0.77 . Compared to the second quarter of 2020 , total revenue grew 2 percent while pre - tax pre - provision income ( ¹ ) increased 10 percent . Adjusted revenue ( ¹ ) increased 1 percent while adjusted pre - tax pre - provision income¹ increased 3 percent . The company also generated year - to - date positive operating leverage of 3.9 percent on a reported basis and 1.8 percent on an adjusted basis ( ¹ ) versus the comparable prior - year period . 1 " Our teams delivered solid performance throughout the second quarter , and as a result of our strategic planning and key investments , we are well positioned to generate long - term , sustainable growth over time , " said John Turner , President and CEO of Regions Financial Corporation . " Regions operates in highly attractive markets that are benefiting from favorable population trends and strong employment opportunities . In each of these markets , our bankers are serving new and long - term customers through customized financial insights , enhanced technology and a commitment to superior service . We have taken several steps - adding talented bankers , investing in service and delivery channels , and enhancing our capabilities through our bolt - on acquisition strategy - to build on our momentum and create greater value for customers , communities , and shareholders over time . "