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December 5, 2012
09:39 EDTRFRegions Financial entered into agreement with third party investor on Nov. 30
In an 8K filing, Regions said it entered into an agreement with a third party investor in Regions Asset Management Company on November 30, pursuant to which the investment was fully redeemed. This resulted in extinguishing a $203M liability, including accrued, unpaid interest, as well as incurring early termination costs of approximately $42M on a pre-tax basis. This will result in approximately $38M in after tax expense for the fourth quarter.Excluding the early termination costs, during 2012 Regions incurred approximately $28M of non-interest expenses related to this liability. Approximately $13M in non-interest expense occurred during the first quarter of the year and approximately $15M occurred from January through November, the latter of which was not deductible for income tax purposes. These costs will no longer recur.
News For RF From The Last 14 Days
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July 26, 2015
14:12 EDTRFRegions Financial looks 20%-30% too cheap, Barron's says
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July 22, 2015
10:01 EDTRFOn The Fly: Analyst Downgrade Summary
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09:37 EDTRFRegions Financial downgraded to Hold from Buy at Sandler O'Neill
July 21, 2015
06:02 EDTRFRegions Financial reports Q2 ending loans totaled $80B, up 5% from last year
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06:00 EDTRFRegions Financial reports Q2 EPS 20c, consensus 20c
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July 20, 2015
15:01 EDTRFNotable companies reporting before tomorrow's open
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