Regions Financial Corp. Reports Advance In Q2 Profit

Regions Financial Corp. (RF) reported earnings for its second quarter that advanced from the same period last year.

The company’s bottom line came in at $362 million, or $0.32 per share. This compares with $300 million, or $0.25 per share, in last year’s second quarter.

Analysts had expected the company to earn $0.33 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 5.1% to $1.44 billion from $1.37 billion last year.

Regions Financial Corp. earnings at a glance:

-Earnings (Q2): $362 Mln. vs. $300 Mln. last year.
-EPS (Q2): $0.32 vs. $0.25 last year.
-Analysts Estimate: $0.33
-Revenue (Q2): $1.44 Bln vs. $1.37 Bln last year.

by RTTNews Staff Writer

Source: Read Full Article