Regions Financial Corp. Q1 Earnings Advance

(RTTNews) - Regions Financial Corp. (RF) announced a profit for its first quarter that increased from last year.

The company's earnings came in at $398 million, or $0.35 per share. This compares with $285 million, or $0.23 per share, in last year's first quarter.

Analysts had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.8% to $1.42 billion from $1.33 billion last year.

Regions Financial Corp. earnings at a glance:

-Earnings (Q1): $398 Mln. vs. $285 Mln. last year. -EPS (Q1): $0.35 vs. $0.23 last year. -Analysts Estimate: $0.31 -Revenue (Q1): $1.42 Bln vs. $1.33 Bln last year.