Regions Financial (RF) Reports In-Line Q3 EPS

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Regions reports third quarter 2019 earnings from continuing operations of $385 million, up 9 percent over the prior year, and earnings per share of $0.39, up 22 percent

October 22, 2019 6:00 AM EDT

Generates highest pre-tax pre-provision income since 2010

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Financial Corporation (NYSE: RF) today announced earnings for the third quarter ended September 30, 2019. The company reported net income from continuing operations available to common shareholders of $385 million, an increase of 9 percent compared to the third quarter of 2018. Earnings per diluted share from continuing operations were $0.39, a 22 percent increase. Total revenue grew 2 percent while pre-tax pre-provision income(1) increased 16 percent over the prior year. Adjusted revenue(1) grew 3 percent while adjusted pre-tax pre-provision income(1) increased 4 percent. The company also generated... More