Regions Financial Q4 Profit Declines, Revenue Rises - Quick Facts

(RTTNews) - Regions Financial Corp. (RF) on Friday reported fourth-quarter net income available to common shareholders of $366 million or $0.38 per share, compared to $390 million or $0.37 per share in the year-ago period.

Total revenue for the quarter rose 3 percent to $1.48 billion from $1.44 billion in the same period last year. Adjusted total revenue also rose to $1.48 billion from $1.44 billion last year.

Net interest income and other financing income decreased 4 percent, while net interest margin decreased 13 basis points.

Non-interest income increased 17 percent on a reported and adjusted basis.

On average, analysts polled by Thomson Financial expected the company to report earnings of $0.39 per share for the quarter on revenues of $1.48 billion. Analysts' estimates typically exclude special items.