Financial services company Regions Financial Corp. (NYSE: RF) reported higher net income and flat revenues for the third quarter of 2023.
- Third-quarter net income rose sharply to $465 million or $0.49 per share from $404 million or $0.43 per share in the year-ago quarter
- Net interest income was $1.29 billion in Q3, up 2.3% from $1.26 billion reported in the year-ago quarter
- Third-quarter net interest margin rose to $3.73% from 3.53% in the same period of 2022
- Total revenue was broadly unchanged year-over-year at $1.86 billion in the September quarter
- Total deposits declined 7.6% annually to $125.2 billion during the three-month period; loans rose 4.3% to $98.8 billion
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
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
