Regions Financial (RF) Tops Q2 EPS by 1c

Regions Financial (NYSE: RF) reported Q2 EPS of $0.25, $0.01 better than the analyst estimate of $0.24.

“We are pleased with our second quarter results, which demonstrate that we are continuing to execute our strategic plan to build long-term, sustainable growth while delivering value to our customers, communities and shareholders,” said Grayson Hall, Chairman, President and CEO. “Regions' strong capital position led to another successful completion of the Comprehensive Capital Analysis and Review (CCAR) process. We remain committed to increasing shareholder returns while making prudent investments to position our company to meet more customers\' needs through deeper relationships and a well-diversified business. Further, our disciplined approach to credit continues to deliver positive results as we reported improvements in almost every credit metric.”

Hall added, “During the second quarter, Regions also received further recognition for its approach to business. Based on customer feedback, Javelin Strategy & Research recognized Regions as a Trust in Banking Leader reflecting our reliability in meeting customers' needs and the confidence our customers have in Regions to look out for their best interests. Regions also received the Gallup Great Workplace Award for the third consecutive year. These examples illustrate how Regions' comprehensive approach to providing financial services creates greater value for all of our stakeholders.”

For earnings history and earnings-related data on Regions Financial (RF) click here.

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