Regions Financial Corp reports results for the quarter ended December 31 - Earnings Summary

• Regions Financial Corp RF.N reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 52 cents to 57 cents per share.

• Revenue rose 0.2% to $1.82 billion from a year ago; analysts expected $1.86 billion.

• Regions Financial Corp's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $508 million.

• Regions Financial Corp shares had risen by 4.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.4% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Regions Financial Corp is $28.50

This summary was machine generated from LSEG data January 17 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)