BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Regions Financial Corp. (RF) on Friday reported second-quarter earnings of $563 million.
The Birmingham, Alabama-based bank said it had earnings of 59 cents per share. Earnings, adjusted for non-recurring costs, came to 60 cents per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The holding company for Regions Bank posted revenue of $2.43 billion in the period. Its revenue net of interest expense was $1.91 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.85 billion.