Regions Financial (RF) Tops Q3 EPS by 19c

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Go back to Regions Financial (RF) Tops Q3 EPS by 19c

Regions reports third quarter 2020 earnings of $501 million, up 30 percent over the prior year, and earnings per share of $0.52, up 33 percent

October 20, 2020 6:00 AM EDT

Delivers strong revenue and pre-tax pre-provision income(1) growth over the prior year

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Financial Corporation (NYSE: RF) today announced earnings for the third quarter ended September 30, 2020. The company reported net income available to common shareholders of $501 million, an increase of 30 percent compared to the third quarter of 2019. Earnings per diluted share were $0.52, a 33 percent increase. Total revenue grew 10 percent while pre-tax pre-provision income(1) increased 20 percent over the prior year. Adjusted revenue(1) grew 7 percent while adjusted pre-tax pre-provision income(1) increased 12 percent. The company also generated... More