Regions Financial's first-quarter profit rises on strong wealth management income

April 17 (Reuters) - Regions Financial RF.N reported a higher profit in the first quarter, on the back of a rise in its wealth management income amid market volatility.

Uncertainties caused by back-and-forth tariffs from U.S. president Donald Trump have led to high volatility in global markets, prompting investors to actively rejig their portfolios and helping firms such as Regions Financial to earn more in management fees.

Regions Financial's wealth management income jumped 8.4% from a year earlier to $129 million in the three months ended March 31.

The Birmingham, Alabama-based lender's net interest income - the difference between what banks pay customers on deposits and earn as interest on loans - grew marginally from a year earlier to $1.19 billion.

Its adjusted net income available to common shareholders rose to $487 million, or 54 cents per share, for the quarter, from $406 million, or 44 cents per share, a year earlier.