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Regions Financial: Q4 Earnings Snapshot

Regions Financial: Q4 Earnings Snapshot

By AP News
Published - Jan 19, 2024, 06:21 AM ET
Last Updated - Jan 19, 2024, 06:21 AM EST

BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Regions Financial Corp. (RF) on Friday reported fourth-quarter net income of $391 million.

The Birmingham, Alabama-based bank said it had earnings of 39 cents per share. Earnings, adjusted for non-recurring costs, were 52 cents per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The holding company for Regions Bank posted revenue of $2.33 billion in the period. Its revenue net of interest expense was $1.81 billion, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $1.8 billion.

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