Regions Financial Q4 Profit Declines - Quick Facts

(RTTNews) - Regions Financial Corp. (RF) reported fourth-quarter net income available to common shareholders of $195 million, or $0.14 per share, compared to $219 million, or $0.16 per share in the comparable quarter last year. On average, 28 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 fourth quarter was $1.27 billion, down from $1.36 billion a year earlier. Wall Street analysts' revenue consensus was $1.30 billion for the quarter.

Quarterly net interest income declined to $820 billion from $832 million in the year-ago quarter, with non-interest income falling year-over-year to $448 million from $526 million.

"The fourth quarter rounded out a solid year in which we grew loans, increased deposit balances, and improved asset quality and capital ratios," said Grayson Hall, chairman, president and CEO. "As we execute our strategy to deepen relationships with customers and improve efficiencies across our business, we are well-positioned for continued progress in 2015."