Regions Financial Corp. has exceeded all minimum capital levels under the Federal Reserve’s Supervisory Stress Test. Regions voluntarily participated in the 2021 stress test. The company’s Stress Capital Buffer requirement for the fourth quarter of 2021 through the third quarter of 2022, as determined by the Federal Reserve, will be floored at 2.5%.
“The resilience of our business plan, our solid capital position, and a diversified revenue stream help position Regions as a source of financial strength and stability for the people and businesses we serve,” said John Turner, Regions Financial Corp. president and CEO. “Participating in this year’s stress test provided a meaningful opportunity to demonstrate our prudent approach to risk management. The pandemic further underscored the importance of always managing capital effectively, while changes in customer behavior reflected the need to consistently innovate.”
Regions recently acquired EnerBank USA, a specialized home improvement lender. This acquisition is set to close in the fourth quarter of this year, subject to regulatory approvals and satisfaction of customary closing conditions.