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Here's What Key Metrics Tell Us About Regions Financial (RF) Q2 Earnings
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For the quarter ended June 2024, Regions Financial (RF - Free Report) reported revenue of $1.73 billion, down 11.6% over the same period last year. EPS came in at $0.52, compared to $0.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.76 billion, representing a surprise of -1.56%. The company delivered an EPS surprise of +6.12%, with the consensus EPS estimate being $0.49.
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:
Net interest margin (FTE): 3.5% versus 3.5% estimated by eight analysts on average.
Efficiency Ratio: 57.6% compared to the 58.1% average estimate based on eight analysts.
Average Balance - Total earning assets: $137.07 billion versus the seven-analyst average estimate of $136.32 billion.
Common Equity Tier 1 ratio: 10.4% versus 10.4% estimated by six analysts on average.
Net charge-offs as a percentage of average loans: 0.4% versus 0.5% estimated by six analysts on average.
Non-performing assets: $862 million versus $971.89 million estimated by four analysts on average.
Non-performing loans, including loans held for sale: $847 million versus the three-analyst average estimate of $962.46 million.
Leverage Ratio: 9.8% versus the two-analyst average estimate of 9.9%.
Total risk-based capital ratio: 13.6% compared to the 13.8% average estimate based on two analysts.
Tier 1 Capital Ratio: 11.7% versus 11.7% estimated by two analysts on average.
Total Non-Interest Income: $545 million compared to the $596.23 million average estimate based on eight analysts.
Net Interest Income: $1.19 billion versus the seven-analyst average estimate of $1.17 billion.
Shares of Regions Financial have returned +16.8% over the past month versus the Zacks S&P 500 composite's +1.1% 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.
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Here's What Key Metrics Tell Us About Regions Financial (RF) Q2 Earnings
For the quarter ended June 2024, Regions Financial (RF - Free Report) reported revenue of $1.73 billion, down 11.6% over the same period last year. EPS came in at $0.52, compared to $0.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.76 billion, representing a surprise of -1.56%. The company delivered an EPS surprise of +6.12%, with the consensus EPS estimate being $0.49.
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:
- Net interest margin (FTE): 3.5% versus 3.5% estimated by eight analysts on average.
- Efficiency Ratio: 57.6% compared to the 58.1% average estimate based on eight analysts.
- Average Balance - Total earning assets: $137.07 billion versus the seven-analyst average estimate of $136.32 billion.
- Common Equity Tier 1 ratio: 10.4% versus 10.4% estimated by six analysts on average.
- Net charge-offs as a percentage of average loans: 0.4% versus 0.5% estimated by six analysts on average.
- Non-performing assets: $862 million versus $971.89 million estimated by four analysts on average.
- Non-performing loans, including loans held for sale: $847 million versus the three-analyst average estimate of $962.46 million.
- Leverage Ratio: 9.8% versus the two-analyst average estimate of 9.9%.
- Total risk-based capital ratio: 13.6% compared to the 13.8% average estimate based on two analysts.
- Tier 1 Capital Ratio: 11.7% versus 11.7% estimated by two analysts on average.
- Total Non-Interest Income: $545 million compared to the $596.23 million average estimate based on eight analysts.
- Net Interest Income: $1.19 billion versus the seven-analyst average estimate of $1.17 billion.
View all Key Company Metrics for Regions Financial here>>>Shares of Regions Financial have returned +16.8% over the past month versus the Zacks S&P 500 composite's +1.1% 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.