Regions Financial (RF) Q4 Earnings Beat, Revenue Up

Have you been eager to see how Regions Financial Corporation RF 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 earnings per share of 21 cents, beating the Zacks Consensus Estimate of 19 cents. Top line growth was primarily responsible for this 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 at 19 cents over the last 7 days.

Revenue Came In Higher Than Expected    

Regions Financial posted total revenues of $1.35 billion, which outpaced the Zacks Consensus Estimate of $1.34 billion. Moreover, it compared favorably with the year-ago number of $ 1.29 billion.

Key Stats:

• Net Income: $285 million in Q4, up from $216 million in the prior year quarter.
• Net interest margin FTE : 3.08%, down from 3.17% in prior year quarter.
• Period end loans and leases: up 5% year over year to $81 billion in Q4.

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 unfavorable, 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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