Regions Financial Corporation reports results for the quarter ended September 30 - Earnings Summary

• Regions Financial Corporation RF.N reported quarterly adjusted earnings of 71 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 61 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 63 cents to 70 cents per share.

• Revenue rose 3% to $1.97 billion from a year ago; analysts expected $1.99 billion.

• Regions Financial Corporation's reported EPS for the quarter was 71 cents​.

• The company reported quarterly net income of $611 million.

• Regions Financial Corporation shares had risen by 1.6% this quarter and gained 0.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 14 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Regions Financial Corporation is $31.00, about 11.9% above its last closing price of $27.31

This summary was machine generated from LSEG data October 16 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)