Regions Financial (RF) Misses Q1 EPS by 9c, Revenues Miss
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Regions reports first quarter 2020 earnings of $139 million, and earnings per share of $0.14
April 17, 2020 6:00 AM EDTDelivered pre-tax pre-provision income(1) of $577 million, despite challenging macroeconomic environment
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Financial Corporation (NYSE: RF) today announced earnings for the first quarter ended March 31, 2020. The company reported net income available to common shareholders of $139 million, and earnings per diluted share of $0.14. Pre-tax pre-provision income(1) of $577 million was driven by loan and deposit growth and a proactive interest rate hedging strategy amid a challenging macroeconomic environment.
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