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Regions Financial (RF) Q4 Earnings and Revenues Improve Y/Y

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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 Improves

Regions Financial came out with earnings per share of 37 cents, up 42% year over year. The Zacks Consensus Estimate was 38 cents.

A rise in revenues was primarily responsible for earnings growth.

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. The company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 2.17% in the trailing four quarters.
 

Revenues Increase

Regions Financial posted adjusted total revenues of $1.44 billion, up 1.8% from the year-ago number. However, it marginally lagged the Zacks Consensus Estimate of $1.47 billion.

Key Stats:

 

  • Net Income from continuing operations: $390 million in Q4, up from $304 million in the prior year quarter
  • Net interest margin (FTE): 3.55%, up from 3.37% in prior year quarter
  • Provision for loan losses was $95 million, compared with credit provision of $44 million in the year-ago quarter


What Zacks Rank Says

The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) 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.)

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