Regions Financial says outlook is for relatively stable NIM in 2013 Says expects 2013 expenses will be lower than 2012. Says C&I production remains strong. Comments made at the Citi Financial Services Conference.
Regions Financial sees long-term EPS CAGR of 12%-15% Sees long-term efficiency ratio of under 60% by eliminating $300M in expenses over next three years to fund revenue-producing businesses while keeping expenses flat to slightly up. Sees long-term ROATCE of 12%-14%.