Regions Financial Corp. Reports Drop In Q3 Income, misses estimates

Regions Financial Corp. (RF) reported earnings for third quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $404 million, or $0.43 per share. This compares with $624 million, or $0.65 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.1% to $1.87 billion from $1.61 billion last year.

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

-Earnings (Q3): $404 Mln. vs. $624 Mln. last year.
-EPS (Q3): $0.43 vs. $0.65 last year.
-Analyst Estimates: $0.56
-Revenue (Q3): $1.87 Bln vs. $1.61 Bln last year.

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