Areas Monetary Company (NYSE:RF) Q1 2025 Earnings Convention Name April 17, 2025 10:00 AM ET
Company Individuals
Dana Nolan – EVP, Head of Investor RelationsJohn Turner – Chief Govt OfficerDavid Turner – Chief Monetary Officer
Convention Name Individuals
Scott Siefers – Piper SandlerJohn Pancari – EvercoreEbrahim Poonawala – Financial institution of AmericaMatt O’Connor – Deutsche BankErika Najarian – UBSGerard Cassidy – RBCChristopher Spahr – Wells FargoBetsy Graseck – Morgan Stanley
Operator
Good morning, and welcome to the Area’s Monetary Company’s Quarterly Earnings Name. My identify is Kris, and I will be your operator for at present’s name.
I wish to remind everybody that every one participant telephone traces have been positioned on listen-only. On the finish of the decision, there shall be a question-and-answer session. [Operator Instructions].
I’ll now flip the decision over to Dana Nolan to start.
Dana Nolan
Thanks, Chris. Welcome to Area’s first quarter earnings name. John and David will present high-level commentary relating to our outcomes.
Earnings paperwork, which embrace our forward-looking assertion disclaimer and non-GAAP reconciliations, can be found within the Investor Relations part of our web site. These disclosures cowl our presentation supplies, at present’s ready remarks, and Q&A.
I’ll now flip the decision over to John.
John Turner
Thanks, Dana, and good morning, everybody. We recognize you becoming a member of our name at present. Earlier this morning, we reported sturdy quarterly earnings of $465 million, leading to earnings per share of $0.51, and adjusted earnings of $487 million and adjusted earnings per share of $0.54.
We delivered pre-tax, pre-provisioned earnings of $745 million, a 21% improve year-over-year, and we generated a return on tangible frequent fairness of 18%. We’re happy with our efficiency and consider we’re well-prepared to face the present market uncertainty. At Area’s, we stay dedicated to our longstanding strategic priorities of soundness, profitability, and development. These priorities
