Regions Financial's (RF) Q4 Earnings Beat, Revenues Dip Y/Y

Regions Financial Corporation’s (RF) fourth-quarter 2023 adjusted earnings per share of 52 cents surpassed the Zacks Consensus Estimate of 48 cents. The bottom line declined from 67 cents reported in the prior-year quarter.The results have been aided by a rise in deposit balances. However, increasing expenses and a decline in net interest income (NII) and total loan balances affected the bottom line.Net income available to common shareholders was $367 million, down from $660 million reported a year ago.Earn ...