Regions Financial CorporationRegions Financial is the subject of the article, reporting earnings with expected revenue growth slowdown and prior misses.
Regions Financial is set to announce earnings results tomorrow morning. The regional bank missed revenue expectations last quarter, reporting $1.89 billion, up 3.6% year on year, with misses on tangible book value per share and net interest income. For this quarter, analysts expect revenue growth of 1.5% year on year, a slowdown from the 6.9% increase in the same quarter last year. Among regional bank peers, M&T Bank reported 5.5% revenue growth, beating estimates by 2.5%, while Citizens Financial Group posted 12.1% growth, topping estimates by 1.6%. Regions Financial shares are up 7.4% over the last month, heading into earnings with an average analyst price target of $31.82 against a current price of $30.78.
Regions Financial CorporationRegions Financial is the subject of the article, reporting earnings with expected revenue growth slowdown and prior misses.
Citizens Financial Group, Inc.Citizens Financial Group posted 12.1% revenue growth, topping estimates by 1.6%, mentioned as a peer comparison.
M&T Bank CorporationM&T Bank reported 5.5% revenue growth, beating estimates by 2.5%, mentioned as a peer comparison.