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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.73B | 3% |
Gross Profit | 625M | 57% |
Cost of Revenue | 1.11B | 13.8% |
Operating expense | 68M | 8.1% |
Net Income | 501M | 36.1% |
EBITDA | -25M | 35.9% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 154B | 0.6% |
Total Liabilities | 137B | 0.7% |
Total Equity | 17.2B | 0.7% |
Shares Outstanding | 917M | 0.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 161M | 59.3% |
Cash from investing | -1.47B | 221.7% |
Cash from financing | -1.46B | 151.4% |
EPS
Financial Highlights for Regions Financial in Q2 '24
Regions Financial reported a revenue of 1.73B, which is a 3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 625M, marking a 57% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.11B, a -13.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 68M, showing a -8.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 501M, showing a 36.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -25M, showing a 35.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Regions Financial with growth in revenue, gross profit, and net income.