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Regions reports first quarter 2019 earnings from continuing operations of $378 million and earnings per share of $0.37

Nachrichtenquelle: Business Wire (engl.)
18.04.2019, 12:00  |  191   |   |   

Regions Financial Corporation (NYSE:RF) today announced earnings for the first quarter ended March 31, 2019. The company reported net income from continuing operations available to common shareholders of $378 million and earnings per diluted share from continuing operations of $0.37. Total revenue grew 2 percent year-over-year while pre-tax pre-provision income(1) increased 11 percent over the same period. The company also generated 5 percent positive operating leverage on a reported basis and 4 percent on an adjusted basis(1).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190418005149/en/

“We began 2019 with positive momentum, delivering year-over-year growth in loans and total revenue as customer sentiment remains positive,” said John Turner, President and CEO. “We also reduced expenses and maintained stable but normalizing credit quality, while continuing to make smart investments in talent and technology to become more efficient and effective as we make banking easier for our customers. We are committed to generating consistent and sustainable long-term performance by focusing on our customers and actively managing our business through all economic cycles.”

   

SUMMARY OF FIRST QUARTER 2019 RESULTS:

       

 

Quarter Ended
(amounts in millions, except per share data) 3/31/2019     12/31/2018     3/31/2018
Income from continuing operations (A) $ 394 $ 406 $ 414
Income from discontinued operations, net of tax      
Net income 394 406 414
Preferred dividends (B) 16   16   16  
Net income available to common shareholders $ 378   $ 390   $ 398  
Net income from continuing operations available to common

shareholders (A) – (B)

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