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Regions Financial (RF) Q4 Earnings Beats as Revenues Rise
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Have you been eager to see how Regions Financial Corporation (RF - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this AL-based popular bank’s earnings release this morning:
An Earnings Beat
Regions Financial came out with adjusted earnings per share of 24 cents, beating the Zacks Consensus Estimate of 22 cents. The results in the quarter exclude certain non-recurring items.
A rise in revenues was primarily responsible for earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Regions Financial depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 7 days.
Also, Regions has a decent earnings surprise history. Before posting earnings beat in Q4, the company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 7.5% in the trailing four quarters.
Regions Financial posted adjusted total revenues of $1.39 billion, in line with the Zacks Consensus Estimate. It compared favorably with the year-ago number of $1.36 billion.
Key Stats:
Net Income: $295 million in Q4, up from $285 million in the prior year quarter
Net interest margin (FTE): 3.16%, up from 3.08% in prior year quarter.
Provision for loan losses: $48 million, down 30.4% from the year-ago quarter
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Regions Financial. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Regions Financial earnings report!
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Regions Financial (RF) Q4 Earnings Beats as Revenues Rise
Have you been eager to see how Regions Financial Corporation (RF - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this AL-based popular bank’s earnings release this morning:
An Earnings Beat
Regions Financial came out with adjusted earnings per share of 24 cents, beating the Zacks Consensus Estimate of 22 cents. The results in the quarter exclude certain non-recurring items.
A rise in revenues was primarily responsible for earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Regions Financial depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 7 days.
Also, Regions has a decent earnings surprise history. Before posting earnings beat in Q4, the company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 7.5% in the trailing four quarters.
Regions Financial Corp. Price and EPS Surprise
Regions Financial Corp. Price and EPS Surprise | Regions Financial Corp. Quote
Revenue Came In As Expected
Regions Financial posted adjusted total revenues of $1.39 billion, in line with the Zacks Consensus Estimate. It compared favorably with the year-ago number of $1.36 billion.
Key Stats:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Regions Financial. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Regions Financial earnings report!
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>