Seeking Alpha

Regions adjusted EPS beats by a penny

  • Adjusted EPS of $0.21 is a penny higher than expectations. Among the extraordinary items is a transfer of troubled loans into the held-for-sale bin resulting in an after-tax charge of $46M.
  • Net interest income up 1% Q/Q with NIM up 2 bps to 3.26% (up 16 bps from a year ago).
  • Noninterest revenue of $526M up 6.2% from a year ago, with mortgage revenue off 23%.
  • Adjusted noninterest expense is roughly flat from a year ago.
  • Charge-offs and loan-loss provision comparisons are tricky thanks to the above-mentioned move.
  • Tier 1 capital ratio of 11.6% gains 10 basis points from last year.
  • Q4 results, press release
  • RF -2.1% premarket
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|