Regions Q3 Earnings Off on Higher Non-Interest Expense

Regions Financial reported Q3/15 net income available to common shareholders from continuing operations of $246 million, down 17% from $297 million in Q3/14. Revenue of $1.333 billion was up 1.1% from $1.318 billion a year earlier. However, non-interest expense was up $69 million or 8.4% from $826 million to $895 million in Q3/15.

Other highlights from the news release comparing Q3/15 to Q3/14 included:

  • Business lending balances increased 7% to $50.5 billion as production
    increased 19%.
  • Net interest income increased $15 million or 2%; net interest margin declined 5 basis points to 3.13%.
  • Net charge offs declined 20%

“This quarter’s results affirm that our focus on meeting customer needs and diversifying our business model is producing results,” said Grayson Hall, chairman, president and CEO. “We acquired new customers and increased loans to consumers and businesses while also growing net interest income.”

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.