Regions Financial Q3 Profit Rises, But Misses Estimates

(RTTNews) - Regions Financial Corp. (RF) reported Friday that its third-quarter net income available to common shareholders grew 15 percent to $465 million or $0.49 per share from last year's $429 million or $0.43 per share.

On average, 23 analysts polled by Thomson Reuters expected earnings of $0.58 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $1.857 billion, down 0.5 percent from $1.867 billion last year. Adjusted total revenue was $1.858 billion, compared to $1.868 billion a year ago.

The Street was looking for revenues of $1.89 billion for the quarter.

Net interest income increased 2.3 percent to $1.29 billion from last year's $1.26 billion.

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