Regions Financial Reports Third-Quarter Revenue of $1.97B, EPS of $0.71
Regions said net interest income and earnings increased year over year, supported by lower funding costs, fixed-rate asset turnover and securities repositionings. Improved credit metrics and lower provision costs also contributed.
Regions’ net interest income and earnings increased year over year in the third quarter, supported by lower funding costs, fixed-rate asset turnover and securities repositionings. Improved credit metrics and lower provision costs also contributed, while higher salaries and benefits and other expens…