Regions Financial Q4 Profit Rises 60%, Tops Estimates

(RTTNews) - Regions Financial Corp. (RF) on Friday reported fourth-quarter net income available to common shareholders increased to $660 million or $0.70 per share from $414 million or $0.43 per share in the year-ago quarter.

Total revenue for the quarter rose 22.5 percent to $2.00 billion from $1.63 billion in the same quarter last year. Adjusted total revenue also rose 19.4 percent to $1.95 billion from $1.63 billion last year.

On average, analysts polled by Thomson Financial expected the company to report earnings of $0.65 per share on revenues of $1.95 billion for the quarter. Analysts' estimates typically exclude special items.