Regions Financial Corporation has named Anil Chadha, its current Controller and head of Corporate Finance, as the new Chief Financial Officer, effective March 31, 2026. The appointment follows the retirement of long‑time CFO David Turner, who has served the bank for nearly four decades and led the company through a turbulent banking era.
Turner’s tenure has been marked by a 320% increase in the company’s stock price since 2010, a testament to his stewardship of capital and risk management. His departure after 20 years at Regions signals a transition that the board views as a continuation of the firm’s disciplined financial strategy.
Chadha joined Regions in 2011 and has held a succession of senior finance roles, including Executive Vice President of Risk Shared Services & Analytics and Assistant Treasurer. Prior to that, he worked at Ally Financial, Wachovia/Wells Fargo, and Capital One, bringing a breadth of experience in risk, treasury, and capital planning to the CFO role. He will oversee all finance operations, including financial systems, investor relations, corporate treasury, tax, planning and reporting, and corporate development.
The transition underscores the bank’s commitment to continuity and internal succession. CEO John Turner expressed confidence in Chadha’s leadership, noting that he is “thrilled to pass the baton to Anil, a strong and capable leader whose deep expertise in finance and risk management – combined with his strategic vision and passion for innovation – will serve Regions well in the years ahead.”
Regions’ recent financial performance provides context for the new CFO’s mandate. The bank reported record earnings of $1.8 billion for the full year 2024, with diluted earnings per share of $1.93. In the fourth quarter of 2024, net income reached $508 million and EPS was $0.56, slightly above the $0.55 forecast, reflecting strong revenue growth and disciplined cost management. The first quarter of 2025 saw net income of $465 million and EPS of $0.51, a beat of $0.03 over expectations, driven by a 2% year‑over‑year revenue increase to $1.8 billion and efficient operating leverage.
With the new CFO in place, Regions is poised to maintain its robust financial trajectory. The bank is scheduled to release its fourth‑quarter and full‑year 2025 results on January 16, 2026, and the leadership change is expected to reinforce investor confidence in the firm’s ongoing focus on risk management, capital allocation, and strategic growth initiatives.
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