Regions Financial (RF) Tops Q2 Earnings, Provisions Decline (Revised)
Regions Financial(RF) ZACKS·2024-07-22 16:56
Regions Financial Corporation’s (RF) second-quarter 2024 adjusted earnings per share of 52 cents beating the Zacks Consensus Estimate of 49 cents. This compares unfavorably with earnings of 59 cents per share reported in the year-ago quarter.The results were adversely affected by a decline in net interest income (NII) and non-interest income. Nonetheless, a decrease in non-interest expenses and a fall in provisions offer some support. Also, RF’s strong capital position indicates its availability of adequate ...