News Formal

Regions reports earnings of $558 million in second quarter

  • 📰 aldotcom
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Regions Financial CEO John Turner said the results “reflect the strength of Regions’ business plan and our team’s success in executing it.”

Birmingham’s Regions Financial Corp. today reported its second quarter earnings.

According to the company, second quarter net income available to common shareholders was $558 million, and earnings per diluted share was $0.59. Total revenue for the quarter was $1.7 billion, an increase of 10% on a reported basis, and 12% on an adjusted basis, driven by growth in both net interest income and non-interest income, Regions reported.

“The financial health of consumers and businesses in the Regions footprint continues to be good,” Turner said. “Investments across our business groups are paying off. Strategic acquisitions completed in 2020 and 2021 are further expanding our pipelines and building revenue growth.” Note to readers: if you purchase something through one of our affiliate links we may earn a commission.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 82. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google Stock Is Having Its Second-Best Day of the Year After Earnings Aren't as Bad as FearedShares of Alphabet’s Google were up more than 6% on Wednesday, a day after the company delivered better-than-feared earnings for the second quarter.
Source: NBCDFW - 🏆 288. / 63 Read more »

Google earnings miss expectations, but bottom doesn't fall outGoogle parent Alphabet narrowly missed revenue and earnings expectations in earnings reported today.
Source: axios - 🏆 302. / 63 Read more »

Microsoft Earnings Dented by Cloud Slowdown, Videogame Sales DropThe software giant reported its lowest earnings growth in two years as it starts to experience the effects of an ending pandemic-era boom. Suffered is too strong a word... 'held back' would've been better.
Source: WSJ - 🏆 98. / 63 Read more »

Coca-Cola Earnings Beat Wall Street Estimates as Sales Volume Recovers From PandemicCoke reported quarterly earnings and revenue Tuesday that exceeded analysts’ expectations.
Source: nbcsandiego - 🏆 524. / 51 Read more »