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Regions Financial (RF) Q4 Earnings & Revenues Beat Estimates
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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 34 cents, beating the Zacks Consensus Estimate of 26 cents. Results exclude certain non-recurring items. A rise in revenues and credit provision were primarily responsible for the 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 seven days.
Also, Regions has an impressive 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 3.32% in the trailing four quarters.
Regions Financial Corporation Price and EPS Surprise
Regions Financial posted adjusted total revenues of $1.47 billion, outpacing the Zacks Consensus Estimate of $1.45 billion. It was also above the year-ago number of $1.39 billion by 6.2%.
Key Stats:
Net Income from continuing operations: $318 million in Q4, up from $278 million in the prior year quarter
Net interest margin (FTE): 3.39%, up from 3.16% in prior year quarter
Provision for loan losses was a credit of $44 million in the quarter
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #1 (Strong 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 & Revenues Beat Estimates
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 34 cents, beating the Zacks Consensus Estimate of 26 cents. Results exclude certain non-recurring items. A rise in revenues and credit provision were primarily responsible for the 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 seven days.
Also, Regions has an impressive 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 3.32% 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 Higher Than Expected
Regions Financial posted adjusted total revenues of $1.47 billion, outpacing the Zacks Consensus Estimate of $1.45 billion. It was also above the year-ago number of $1.39 billion by 6.2%.
Key Stats:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #1 (Strong 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!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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