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Regions Financial (RF) Q1 Earnings Beat; Expenses Rise
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Have you been eager to see how Regions Financial Corporation (RF - Free Report) performed in Q1 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 23 cents, beating the Zacks Consensus Estimate of 22 cents. A rise in non-interest income was primarily responsible for earnings beat, partially offset by higher expenses.
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 Q1, the company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 6.03% in the trailing four quarters.
Regions Financial Corporation Price and EPS Surprise
Regions Financial posted adjusted total revenues of $1.39 billion, in line with the Zacks Consensus Estimate. It was also almost in line with the year-ago number.
Key Stats:
Net Income: $279 million in Q1, up from $257 million in the prior year quarter
Net interest margin (FTE): 3.25%, up from 3.19% in prior year quarter.
Provision for loan losses: $70 million, down 38.1% 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!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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Regions Financial (RF) Q1 Earnings Beat; Expenses Rise
Have you been eager to see how Regions Financial Corporation (RF - Free Report) performed in Q1 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 23 cents, beating the Zacks Consensus Estimate of 22 cents. A rise in non-interest income was primarily responsible for earnings beat, partially offset by higher expenses.
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 Q1, the company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 6.03% in the trailing four quarters.
Regions Financial Corporation Price and EPS Surprise
Regions Financial Corporation Price and EPS Surprise | Regions Financial Corporation Quote
Revenue Came In As Expected
Regions Financial posted adjusted total revenues of $1.39 billion, in line with the Zacks Consensus Estimate. It was also almost in line with the year-ago number.
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 stocks here.)
Check back later for our full write up on this Regions Financial earnings report!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.