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Regions Financial (RF) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2023, Regions Financial (RF - Free Report) reported revenue of $1.96 billion, up 12% over the same period last year. EPS came in at $0.59, compared to $0.59 in the year-ago quarter.
The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $1.94 billion. With the consensus EPS estimate being $0.60, the EPS surprise was -1.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Regions Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 56.4% compared to the 53.66% average estimate based on eight analysts.
Net interest margin (FTE): 4.04% versus 4.04% estimated by eight analysts on average.
Total interest-earning assets - Average balance: $138.23 billion versus the six-analyst average estimate of $137.35 billion.
Net Charge-Offs as a percentage of average loans: 0.33% compared to the 0.34% average estimate based on six analysts.
Total Non-Performing Assets: $508 million versus the four-analyst average estimate of $604.08 million.
Common equity Tier 1 ratio: 10.1% versus the four-analyst average estimate of 10.14%.
Non-Accrual Loans: $493 million versus $602.42 million estimated by three analysts on average.
Tier 1 Capital Ratio: 11.4% versus the three-analyst average estimate of 11.53%.
Total risk-based capital ratio: 13.1% compared to the 13.77% average estimate based on two analysts.
Leverage Ratio: 9.5% versus the two-analyst average estimate of 9.67%.
Total Non-Interest Income: $576 million versus the eight-analyst average estimate of $564.26 million.
Net interest income (FTE): $1.39 billion compared to the $1.38 billion average estimate based on seven analysts.
Shares of Regions Financial have returned +18.7% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Regions Financial (RF) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2023, Regions Financial (RF - Free Report) reported revenue of $1.96 billion, up 12% over the same period last year. EPS came in at $0.59, compared to $0.59 in the year-ago quarter.
The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $1.94 billion. With the consensus EPS estimate being $0.60, the EPS surprise was -1.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Regions Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 56.4% compared to the 53.66% average estimate based on eight analysts.
- Net interest margin (FTE): 4.04% versus 4.04% estimated by eight analysts on average.
- Total interest-earning assets - Average balance: $138.23 billion versus the six-analyst average estimate of $137.35 billion.
- Net Charge-Offs as a percentage of average loans: 0.33% compared to the 0.34% average estimate based on six analysts.
- Total Non-Performing Assets: $508 million versus the four-analyst average estimate of $604.08 million.
- Common equity Tier 1 ratio: 10.1% versus the four-analyst average estimate of 10.14%.
- Non-Accrual Loans: $493 million versus $602.42 million estimated by three analysts on average.
- Tier 1 Capital Ratio: 11.4% versus the three-analyst average estimate of 11.53%.
- Total risk-based capital ratio: 13.1% compared to the 13.77% average estimate based on two analysts.
- Leverage Ratio: 9.5% versus the two-analyst average estimate of 9.67%.
- Total Non-Interest Income: $576 million versus the eight-analyst average estimate of $564.26 million.
- Net interest income (FTE): $1.39 billion compared to the $1.38 billion average estimate based on seven analysts.
View all Key Company Metrics for Regions Financial here>>>Shares of Regions Financial have returned +18.7% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.