Regions Financial Corp. (RF) released a profit for third quarter that retreated from last year.
The company said its profit declined to $242 million, or $0.18 per share. This was down from $300 million, or $0.22 per share, in last year's third quarter.
Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 1.5% to $1.34 billion. This was up from $1.32 billion last year.
Regions Financial Corp. earnings at a glance:
-Earnings (Q3): $242 Mln. vs. $300 Mln. last year.
-Earnings Decline (Y-o-Y): -19.3%
-EPS (Q3): $0.18 vs. $0.22 last year.
-EPS Decline (Y-o-Y): -18.2%
-Analysts Estimate: $0.20
-Revenue (Q3): $1.34 Bln vs. $1.32 Bln last year.
-Revenue Change (Y-o-Y): 1.5%
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