Regions Financial Corp. (RF) reported a profit for its fourth quarter that Increased from last year but missed the Street estimates.
The company's earnings came in at $514 million, or $0.58 per share. This compares with $508 million, or $0.56 per share, last year.
Excluding items, Regions Financial Corp. reported adjusted earnings of $504 million or $0.57 per share for the period.
Analysts on average had expected the company to earn $0.61 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.8% to $1.921 billion from $1.815 billion last year.
Regions Financial Corp. earnings at a glance (GAAP) :
-Earnings: $514 Mln. vs. $508 Mln. last year.-EPS: $0.58 vs. $0.56 last year.-Revenue: $1.921 Bln vs. $1.815 Bln last year.
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