Regions Financial (NYSE: RF) reported Q1 EPS of $0.35, $0.04 better than the analyst estimate of $0.31.

“We began 2018 with positive momentum, and our first quarter financial performance demonstrates our focus on sustainable growth is producing results,” said Grayson Hall, Chairman and CEO. “During the quarter, we grew loans and net interest income while continuing to prudently manage asset quality. In addition, we made progress related to our Simplify and Grow initiative with our recently announced organizational changes, which will further streamline our field structure while also deepening our commitment to support local customers and communities.”

Hall added, “Earlier this month, we also announced an agreement to sell our Regions Insurance subsidiary, which will allow increased focus on businesses where we can add the most value for our customers, associates and shareholders. This decision was an outcome of Regions\' robust strategic planning and capital allocation process and aligns with our commitment to simplify our company and generate long-term benefits for all of our stakeholders.”

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