Regions Financial Says non-interest revenue expected to trend up in 1Q14 Says well positioned for growth in capital, liquidity and has a "solid" balance sheet. Says mix of new mortgages continues to be driven by new home purchases. Says currently evaluating a number of posting options and says plans are underway to expand small credit product offerings. Expects efficiency ratio to drift down from the 1Q14 level. Sees a prolonged low-interest rate environment. Sees an evolving regulatory environment. Sees loan growth of 3%-5% and a deposit growth of 1%-2% in FY14. Sees a relatively stable net interest margin this year. Sees FY14 adjusted expenses to be lower than FY13 adjusted expenses. Says committed to generating positive operating leverage. Comments taken from slides of Regions Financials presentation at the Morgan Stanley Financials conference.
Regions Financial raises quarterly dividend to 6c per share from 5c per share The Regions Financial board declared a quarterly cash dividend of 6c per common share. The quarterly cash dividend of 6c per common share is payable July 1, to stockholders of record at the close of business on June 12. This represents an increase from the previous quarterly dividend of 5c per common share.