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Regions (RF) Reports Q2 Earnings as Expected, Revenues Up Y/Y
[/url]Financial | Regional - Southeast Banks | USA[url=https://finviz.com/screener.ashx?v=111&f=geo_usa]
Regions Financial Corporation RF reported second-quarter 2019 adjusted earnings of 39 cents per share, in line with the Zacks Consensus Estimate. Results were up 14.7% year over year.
Income from continuing operations available to common shareholders was $374 million or 37 cents per share compared with $362 million or 32 cents per share reported in the year-ago period.
Lower expenses and higher net interest income were the positive factors. Additionally, loans escalated. However, lower fee income, backed by reduced capital markets and mortgage banking income, were major drags. Additionally, elevated provisions were an undermining factor.
Revenues Up, Costs Drop
Adjusted total revenues (net of interest expense) came in at $1.45 billion in the reported quarter, missing the Zacks Consensus Estimate of $1.48 billion. The reported figure, however, inched up 1.3% from the year-ago quarter’s reported tally.
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https://finance.yahoo.com/news/regions-r...12874.html
![[Bild: RFc1dl1525.png]](https://finviz.com/publish/072019/RFc1dl1525.png)
[/url]Financial | Regional - Southeast Banks | USA[url=https://finviz.com/screener.ashx?v=111&f=geo_usa]
Regions Financial Corporation RF reported second-quarter 2019 adjusted earnings of 39 cents per share, in line with the Zacks Consensus Estimate. Results were up 14.7% year over year.
Income from continuing operations available to common shareholders was $374 million or 37 cents per share compared with $362 million or 32 cents per share reported in the year-ago period.
Lower expenses and higher net interest income were the positive factors. Additionally, loans escalated. However, lower fee income, backed by reduced capital markets and mortgage banking income, were major drags. Additionally, elevated provisions were an undermining factor.
Revenues Up, Costs Drop
Adjusted total revenues (net of interest expense) came in at $1.45 billion in the reported quarter, missing the Zacks Consensus Estimate of $1.48 billion. The reported figure, however, inched up 1.3% from the year-ago quarter’s reported tally.
...
https://finance.yahoo.com/news/regions-r...12874.html
