Regions Financial (RF) Q1 Earnings Miss Estimates, NII Falls Y/Y

Regions Financial Corporation’s (RF) first-quarter 2024 adjusted earnings per share of 44 cents missed the Zacks Consensus Estimate of 46 cents. This compares unfavorably with earnings of 62 cents per share reported in the year-ago quarter.The results were adversely affected by a decline in net interest income (NII) and a rise in expenses and provisions. Nonetheless, an improvement in non-interest income offers some support. Also, RF’s strong capital position indicates its availability of adequate capital t ...