Regions Financial Q3 Profit Up - Quick Facts

(RTTNews) - Regions Financial Corp. (RF) reported higher third-quarter 2014 net income available to common shareholders of $305 million, or $0.22 per share, compared with last year's $285 million, or $0.20 per share. On average, 26 analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the latest quarter was $1.30 billion, compared with $1.32 billion a year earlier. Wall Street analysts' revenue consensus was $1.30 billion for the quarter. Net interest income, on a fully taxable equivalent basis, amounted to $837 million, and the resulting net interest margin was 3.18 percent, the company noted.

Quarterly net interest income dropped marginally to $821 million from $824 million in the preceding year, with non-interest income falling year-over-year to $478 million from $495 million.