Regions Financial (RF) Reports In-Line Q1 EPS, Revenues Miss

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Go back to Regions Financial (RF) Reports In-Line Q1 EPS, Revenues Miss

Regions reports first quarter 2019 earnings from continuing operations of $378 million and earnings per share of $0.37

April 18, 2019 6:00 AM EDT

Delivers solid revenue and pre-tax pre-provision income growth over the prior year

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Financial Corporation (NYSE: RF) today announced earnings for the first quarter ended March 31, 2019. The company reported net income from continuing operations available to common shareholders of $378 million and earnings per diluted share from continuing operations of $0.37. Total revenue grew 2 percent year-over-year while pre-tax pre-provision income(1) increased 11 percent over the same period. The company also generated 5 percent positive operating leverage on a reported basis and 4 percent on an adjusted basis(1).... More