Regions Financial reported Q1/13 net income, before preferred dividends, of $335 million, up 68.3% from $199 million or 45 million in Q1/12. Regions noted a revenue drop from $1,351 million to $1,299 million was more than offset by declines in non-interest expense and provision charges of $71 million and $107 million, respectively

“This quarter’s results demonstrate that our disciplined approach to meeting more customer needs is continuing to drive solid performance across our franchise,” said Grayson Hall, president and CEO. “Building on this foundation while prudently managing expenses, Regions is moving forward to take advantage of growth opportunities in all of our businesses as the economy improves.”

To read the Regions Financial news release click here.