Regions FY 2016 Earnings up 10% Year/Year

Regions Financial announced 2016 full year earnings of $1.1 billion, an increase of 10% over the prior year. Regions noted that net interest income and other financing income increased $100 million or 3% year-over-year.

“In a challenging operating environment, we delivered double-digit earnings-per-share growth in 2016, and we remain on track to meet our long-term strategic goals,” said Grayson Hall, chairman, president and CEO. “The company remains committed to prudently growing and diversifying revenue, rigorous expense management and managing our capital in a disciplined manner.”

“Throughout 2016 we streamlined, strengthened and diversified our business, resulting in full-year efficiency gains and solid growth in deposits, net interest income and other financing income and non-interest income,” continued Hall. “These results demonstrate that a consistent focus on executing our strategic plan is benefiting our customers and communities while creating long-term value for our shareholders.”

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