Regions Financial Corp. (RF) released earnings for fourth quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $414 million, or $0.43 per share. This compares with $588 million, or $0.61 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.48 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 $1.63 billion from $1.66 billion last year.
Regions Financial Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $414 Mln. vs. $588 Mln. last year.
-EPS (Q4): $0.43 vs. $0.61 last year.
-Analyst Estimates: $0.48
-Revenue (Q4): $1.63 Bln vs. $1.66 Bln last year.
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