Regions Financial RF reported a 68% rise in its first-quarter profit.
Regions Financial's quarterly profit surged to $335 million, from $199 million, in the year-ago period. Its per-share earnings rose to $0.23 from $0.11.
Its revenue dropped 3.8% to $1.3 billion. However, analysts were expecting earnings of $0.20 per share on revenue of $1.33 billion.
Its non interest expense declined 7.8% to $842 million.
Regions Financial shares closed at $7.73 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in