Regions Financial Q2 Profit Declines - Quick Facts

(RTTNews) - Regions Financial Corp. (RF) reported second-quarter net income available to common shareholders of $269 million, or $0.20 per share, down from $288 million, or $0.21 per share in the comparable quarter last year. On average, 30 analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the latest second quarter was $1.41 billion, up from $1.30 billion a year earlier. Wall Street analysts' revenue consensus was $1.31 billion for the quarter.

Quarterly net interest income declined to $820 billion from $823 million in the year-ago quarter, while non-interest income rose year-over-year to $590 million from $475 million.

"This quarter's results reflect continued momentum in 2015," said Grayson Hall, chairman, president and CEO. "We continued to grow loans, increasing 2 percent over the previous quarter, and we also grew fee revenue from sources such as capital markets, mortgage and cards. We are continuing to expand our customer base and deepen those relationships by meeting more customer needs, which is creating sustainable growth."