Regions Financial (RF) Q4 Earnings And Revenues Improve Y/Y
Zacks Investment Research | Jan 18, 2019 07:52AM ET
Have you been eager to see how Regions Financial Corporation (NYSE: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 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 Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.