Markets
RF

Regions Financial (RF) Q4 Earnings and Revenues Improve Y/Y

Have you been eager to see how Regions Financial CorporationRF performed in Q4 in comparison with the market expectations? Let's quickly scan through the key facts from this AL-based popular bank's earnings release this morning:

An Earnings Improves

Regions Financial came out with earnings per share of 37 cents, up 42% year over year. The Zacks Consensus Estimate was 38 cents.

A rise in revenues was primarily responsible for earnings growth.

How Was the Estimate Revision Trend?

You should note that the earnings estimate revisions for Regions Financial depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last seven days.

Also, Regions has an impressive earnings surprise history. The company delivered positive surprises in three of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 2.17% in the trailing four quarters.

Regions Financial Corporation Price and EPS Surprise

Regions Financial Corporation Price and EPS Surprise | Regions Financial Corporation Quote

Revenues Increase

Regions Financial posted adjusted total revenues of $1.44 billion, up 1.8% from the year-ago number. However, it marginally lagged the Zacks Consensus Estimate of $1.47 billion.

Key Stats:

  • Net Income from continuing operations: $390 million in Q4, up from $304 million in the prior year quarter
  • Net interest margin (FTE): 3.55%, up from 3.37% in prior year quarter
  • Provision for loan losses was $95 million, compared with credit provision of $44 million in the year-ago quarter

What Zacks Rank Says

The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Regions Financial. However, since the lates t earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.

(You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .)

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Regions Financial Corporation (RF): Get Free Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

RF

Other Topics

Earnings Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More