Regions Financial Corporation (NYSE:RF) disclosed its third quarter earnings results on Tuesday 20th October 2020 before market open.
Regions Financial Corporation disclosed quarterly income of $ 0.52 per share, from the revenue of $ 1,643.00 million
The consensus estimate are $ 0.33 income per share from revenues of $ 1493.58 million.
The third quarter financial report outlined, earnings beat street analysts by $ 0.19 or 57.58 percent, where as revenues outshined analysts estimates by $ 149.42 million or 10.00 percent.
Regions Financial Corporation projected third quarter earnings outlook in a range of per share, and revenues outlook between .
On the other hand, The quarterly earnings up 33.33 percent compared with the same quarter last year, at the same time revenues expanded 9.90 percent versus third quarter of last year.
John Turner, president and CEO, said, This quarter our team delivered strong results during a period of continued uncertainty by staying focused on meeting customer needs, controlling expenses and proactively managing both credit risk and interest rate risk. We generated our highest adjusted pre-tax pre-provision income(1) in over a decade while improving our adjusted efficiency ratio(1) to its lowest level since 2008.
