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Sep 30, 2020
Regions Q3 2020 Earnings Report
Regions reported earnings with increased net income and earnings per share compared to the prior year.
Key Takeaways
Regions Financial Corporation reported a net income of $501 million for Q3 2020, a 30% increase compared to Q3 2019. Earnings per diluted share were $0.52, a 33% increase year-over-year. Total revenue grew by 10% and pre-tax pre-provision income increased by 20% over the prior year.
Net income available to common shareholders increased by 30% compared to the third quarter of 2019.
Earnings per diluted share increased by 33% year-over-year.
Total revenue grew by 10% compared to the same period last year.
Adjusted pre-tax pre-provision income increased 12% over the prior year.
Regions
Regions
Forward Guidance
No forward guidance was provided in the release.