Regions said third quarter results reflect the company’s continued focus on meeting a diverse range of customer needs while appropriately managing risk. The company said it grew checking accounts and expanded the total number of quality households. In addition, the company increased sales.

The business lending portfolio totaled $48 billion at the end of the quarter, bringing year-to-date growth to $1.7 billion. During the third quarter, total business loan production amounted to $12 billion compared to $14 billion in the second quarter. While line utilization decreased 40 basis points, commitments for new loans increased 2% from the previous quarter.

“Our results demonstrate that, even in a challenging environment, we are growing the franchise through a disciplined focus on banking fundamentals,” said Grayson Hall, chairman, president and CEO. “At the same time, we believe the recent positive credit rating agencies’ actions reflect our improved risk profile, indicating further signs of our progress.”

To read the entire Regions report, click here.