Regions Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• Regions Financial Corp RF reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of twenty three analysts for the quarter was for earnings of 56 cents per share. Wall Street expected results to range from 53 cents to 61 cents per share.

• Revenue rose 10.1% to $1.91 billion from a year ago; analysts expected $1.86 billion.

• Regions Financial Corp's reported EPS for the quarter was 59 cents​.

• The company reported quarterly net income of $534 million.

• Regions Financial Corp shares had risen by 4.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Regions Financial Corp is $25.00, about 2% above its last closing price of $24.51

This summary was machine generated from LSEG data July 18 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)