Regions Financial Credit Disappoints In 3Q, Deutsche Bank Reports

Deutsche Bank reports that Regions Financial's RF credit disappointed in 3Q (specifically as it relates to NPA inflows, which at $1.4b Deutsche Bank says were worse than expected). “However, management reiterated there were some positives – specifically that of the 3Q NPA inflows that are still remaining (i.e. ~$1b after $400m of dispositions) about two-thirds are currently paying,” Deutsche Bank writes. “In addition, early stage delinquencies and internally risk-rated problem loans are stable/improving.” Regions Financial currently trades at $5.92.