Regions Financial to add up to 150 new branches

Regions Financial has announced plans to expand its physical footprint by adding between 130 and 150 new branches over the next three to four years. This expansion aims to counter heightened competition across its 15-state operating region, which spans the Southeast, Texas, and the Midwest.

CEO John Turner noted constructive customer activity, citing an 8% increase in credit card spending and a 7% increase in debit card spending. The bank is also focusing on recruiting additional bankers and investing in technology infrastructure, including a multiyear transition to a cloud-based deposit system and the deployment of artificial intelligence tools for its developer workforce.

CFO Anil Chadha highlighted the strength of the bank’s noninterest-bearing deposit growth, which has helped manage deposit costs in a competitive rate environment. While loan growth has moderated, activity remains strong in investment-grade commercial lending, particularly within the energy, infrastructure, and data-center sectors. The company reaffirmed its financial guidance, projecting net interest income to grow between 2.5% and 4% for the full year.