Regions Financial Corp. (RF) reported first-quarter net income available to common shareholders of $327 million or $0.23 per share; higher than $145 million or $0.11 per share in the previous year.
Adjusted earnings per share from continuing operations in the prior-year quarter were $0.14.
On average, 25 analysts polled by Thomson Reuters expected the company to earn $0.20 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues declined to $1.3 billion from $1.35 billion a year earlier. Analysts estimated revenues of $1.33 billion for the quarter.
Net interest income totaled $798 million, down 4 percent from the prior year. Non-interest revenue declined 4 percent to $501 million.
Net interest margin improved 4 basis points from last year to 3.13 percent.
Provision for loan losses dropped to $10 million from $117 million last year. Non-interest expense also fell to $842 million from $913 million in the preceding year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.