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Regions Financial's (RF) Q3 Earnings in Line, Revenues Up
Regions Financial Corporation RF reported third-quarter 2019 adjusted earnings of 39 cents per share, in line with the Zacks Consensus Estimate. Earnings were up 5.4% year over year.
Income from continuing operations available to common shareholders was $385 million compared with the $354 million reported in the year-ago period.
Lower expenses and higher non-interest income were the driving factors. However, lower net interest income due to reduced market-interest rates, were major drags. Additionally, elevated provisions were an undermining factor.
Revenues Up, Costs Drop
Adjusted total revenues (net of interest expense) came in at $1.49 billion in the reported quarter, outpacing the Zacks Consensus Estimate of $1.47 billion. The revenue figure also increased 2.5% from the year-ago quarter’s reported tally.
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https://finance.yahoo.com/news/regions-f...11308.html
![[Bild: RFc1dl1741.png]](https://finviz.com/publish/102219/RFc1dl1741.png)
Regions Financial Corporation RF reported third-quarter 2019 adjusted earnings of 39 cents per share, in line with the Zacks Consensus Estimate. Earnings were up 5.4% year over year.
Income from continuing operations available to common shareholders was $385 million compared with the $354 million reported in the year-ago period.
Lower expenses and higher non-interest income were the driving factors. However, lower net interest income due to reduced market-interest rates, were major drags. Additionally, elevated provisions were an undermining factor.
Revenues Up, Costs Drop
Adjusted total revenues (net of interest expense) came in at $1.49 billion in the reported quarter, outpacing the Zacks Consensus Estimate of $1.47 billion. The revenue figure also increased 2.5% from the year-ago quarter’s reported tally.
...
https://finance.yahoo.com/news/regions-f...11308.html
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