We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Regions Financial (RF) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
For the quarter ended June 2023, Regions Financial (RF - Free Report) reported revenue of $1.96 billion, up 12% over the same period last year. EPS came in at $0.59, compared to $0.59 in the year-ago quarter.
The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $1.94 billion. With the consensus EPS estimate being $0.60, the EPS surprise was -1.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Regions Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 56.4% compared to the 53.66% average estimate based on eight analysts.
Net interest margin (FTE): 4.04% versus 4.04% estimated by eight analysts on average.
Total interest-earning assets - Average balance: $138.23 billion versus the six-analyst average estimate of $137.35 billion.
Net Charge-Offs as a percentage of average loans: 0.33% compared to the 0.34% average estimate based on six analysts.
Total Non-Performing Assets: $508 million versus the four-analyst average estimate of $604.08 million.
Common equity Tier 1 ratio: 10.1% versus the four-analyst average estimate of 10.14%.
Non-Accrual Loans: $493 million versus $602.42 million estimated by three analysts on average.
Tier 1 Capital Ratio: 11.4% versus the three-analyst average estimate of 11.53%.
Total risk-based capital ratio: 13.1% compared to the 13.77% average estimate based on two analysts.
Leverage Ratio: 9.5% versus the two-analyst average estimate of 9.67%.
Total Non-Interest Income: $576 million versus the eight-analyst average estimate of $564.26 million.
Net interest income (FTE): $1.39 billion compared to the $1.38 billion average estimate based on seven analysts.
Shares of Regions Financial have returned +18.7% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Regions Financial (RF) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2023, Regions Financial (RF - Free Report) reported revenue of $1.96 billion, up 12% over the same period last year. EPS came in at $0.59, compared to $0.59 in the year-ago quarter.
The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $1.94 billion. With the consensus EPS estimate being $0.60, the EPS surprise was -1.67%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Regions Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 56.4% compared to the 53.66% average estimate based on eight analysts.
- Net interest margin (FTE): 4.04% versus 4.04% estimated by eight analysts on average.
- Total interest-earning assets - Average balance: $138.23 billion versus the six-analyst average estimate of $137.35 billion.
- Net Charge-Offs as a percentage of average loans: 0.33% compared to the 0.34% average estimate based on six analysts.
- Total Non-Performing Assets: $508 million versus the four-analyst average estimate of $604.08 million.
- Common equity Tier 1 ratio: 10.1% versus the four-analyst average estimate of 10.14%.
- Non-Accrual Loans: $493 million versus $602.42 million estimated by three analysts on average.
- Tier 1 Capital Ratio: 11.4% versus the three-analyst average estimate of 11.53%.
- Total risk-based capital ratio: 13.1% compared to the 13.77% average estimate based on two analysts.
- Leverage Ratio: 9.5% versus the two-analyst average estimate of 9.67%.
- Total Non-Interest Income: $576 million versus the eight-analyst average estimate of $564.26 million.
- Net interest income (FTE): $1.39 billion compared to the $1.38 billion average estimate based on seven analysts.
View all Key Company Metrics for Regions Financial here>>>Shares of Regions Financial have returned +18.7% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.