Regions Financial Corp. Q2 Income Retreats, but beats estimates

Regions Financial Corp. (RF) reported a profit for second quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $558 million, or $0.59 per share. This compares with $748 million, or $0.77 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.8% to $1.75 billion from $1.58 billion last year.

Regions Financial Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $558 Mln. vs. $748 Mln. last year.
-EPS (Q2): $0.59 vs. $0.77 last year.
-Analyst Estimates: $0.53
-Revenue (Q2): $1.75 Bln vs. $1.58 Bln last year.

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