Loan Growth To Support Regions Financial (RF) Q4 Earnings
Zacks Investment Research | Jan 16, 2019 09:41PM ET
Regions Financial (NYSE:RF) is scheduled to report fourth-quarter 2018 results on Jan 18, before the opening bell. The bank’s results are estimated to reflect year-over-year rise in both revenues and earnings.
Also, the company has a decent earnings surprise history. It surpassed earnings in three of the preceding four quarters, coming up with average positive earnings surprise of 2.17%.
This Birmingham, AL-based company’s third-quarter 2018 earnings compared favorably with the prior-year quarter’s earnings, recording 28% increase. Easing margin pressure and higher revenues were the positive factors. Moreover, credit quality recorded significant improvement. However, lower deposits balances were the undermining factors. In addition, expenses escalated in the quarter.
Further, the Zacks Consensus Estimate for fourth-quarter earnings remained unchanged at 38 cents over the last 60 days, reflecting a year-over-year improvement of nearly 40.7%. The Zacks Consensus Estimate for sales of $1.47 billion indicates around 1.3% growth from the prior-year quarter.
In addition, Regions’ results are expected to reflect a marginal rise, on a sequential basis, in average interest-earning assets, with the Zacks Consensus Estimate for the to-be-reported quarter at $109.7 billion.
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