This stock does a ton of business in the fast-growing southern and southeastern parts of the country. Regions Financial Corp. (NYSE: RF) provides banking and bank-related services to individual and corporate customers. It operates through the following three segments.

The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services. It serves corporate, middle market and commercial real estate developers and investors.

The Consumer Bank segment provides consumer banking products and services related to residential first mortgages, home equity lines and loans, branch small business and indirect loans, consumer credit cards and other consumer loans, as well as deposits.

The Wealth Management segment offers credit-related products and retirement and savings solutions, as well as trust and investment management, asset management and estate planning services to individuals, businesses, governmental institutions and nonprofit entities.

As of February 25, 2021, it operated 1,300 banking offices and 2,000 automated teller machines across the South, Midwest and Texas. Regions Financial was founded in 1970 and is headquartered in Birmingham, Alabama.

Second-quarter earnings exceeded the consensus estimates, primarily due to lower credit costs. Management maintained that the 2021 outlook remains largely unchanged. Many on Wall Street feel the bank is positioned to benefit from economic rebound.

Investors receive a 3.56% dividend. Jefferies has set a $24 price target, while the consensus target is $23.50. The last trade for Monday was reported at $19.11 a share.

Wells Fargo

This large-cap bank is perhaps the best value play for 2021, and it reported solid second-quarter results. Wells Fargo & Co. (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.9 trillion in assets.

The company provides banking, insurance, investments, mortgage and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the Internet and mobile banking. It also has offices in 36 countries to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States.

Not only did the company post solid results, but it doubled its dividend, which now represents a 1.75% yield for shareholders.

The Jefferies price target for the money center giant is $52. The consensus target is just $49.39, and Wells Fargo stock closed most recently at $45.79 per share.

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These five top banks to look at now are really value plays when compared to the very overbought and pricey stock market as a whole. With earnings out of the way, investors can feel good about adding positions in any of these top companies.