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Regions Financial Corp. Profit Advances In Q3, Beats estimates

Regions Financial Corp. (RF) revealed earnings for its third quarter that increased from the same period last year.

The company's earnings came in at $624 million, or $0.65 per share. This compares with $501 million, or $0.52 per share, in last year's third quarter.

Analysts had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.8% to $1.61 billion from $1.64 billion last year.

Regions Financial Corp. earnings at a glance:

-Earnings (Q3): $624 Mln. vs. $501 Mln. last year.
-EPS (Q3): $0.65 vs. $0.52 last year.
-Analysts Estimate: $0.52
-Revenue (Q3): $1.61 Bln vs. $1.64 Bln last year.

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