Regions Financial Corp. (NYSE: RF) reported a decline in income and revenues for the fourth quarter of 2023. Net interest income decreased 12%
- Net income available to common shareholders decreased to $367 million in Q4 from $660 million a year earlier
- On a per-share basis, fourth-quarter earnings nearly halved to $0.39 from $0.70 in Q4 2022
- Net interest income was $1.23 billion in the December quarter, compared to $1.40 billion last year
- At $1.81 billion, total revenue was down 9.5% year-over-year; non-interest income decreased by 3.3% to $580 million
- Total deposits were $126.4 billion, compared to $133.0 billion in the fourth quarter of the prior year
- Total loans moved up to $98.3 billion from $95.8 billion a year earlier
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%