Earnings ·
Regions Financial reports $0.71 diluted EPS for Q3 and declares $0.30 quarterly dividend
RFRegions Financial Corp
Regions Financial reported third-quarter net income available to common shareholders of $611 million, or $0.71 per diluted share, on total revenue of $1.97 billion. The bank declared a quarterly cash dividend of $0.30 per share and executed $95 million in share repurchases during the period. Non-interest expense remained stable at $1.12 billion, resulting in an efficiency ratio of 56.2%. Regions Financial operates as a regional banking holding company providing financial services across the southeastern United States.