Regions Financial Corp reports results for the quarter ended December 31 - Earnings Summary

Regions Financial

17/01/2025 14:31

* Regions Financial Corp  RF.N  reported quarterly adjusted
earnings of 56 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 49 cents.  The mean expectation of twenty
two analysts for the quarter was for earnings of 55 cents per
share. Wall Street expected results to range from 52 cents to 57
cents per share.
    * Revenue rose 0.2% to $1.82 billion from a year ago;
analysts
expected $1.86 billion. 
    * Regions Financial Corp's reported EPS for the quarter was
56
cents​.
    * The company reported quarterly net income of $508 million.
    * Regions Financial Corp shares had risen by 4.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Regions Financial
Corp is $28.50 
This summary was machine generated from LSEG data January 17 at
02:31 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.55           0.56           Beat
 Sep. 30 2024      0.53           0.57           Beat
 Jun. 30 2024      0.48           0.48           Met
 Mar. 31 2024      0.45           0.40           Missed