LONDON, January 30, 2015 /PRNewswire/ --
Investor-Edge.com has issued free post-earnings research on Regions Financial Corp. (NYSE: RF). On January 20, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Regions%20Financial&d=30-Jan-2015&s=RF to read our free earnings review on Regions Financial Corporation (Regions Financial). During FY14, the company's net income available to common shareholders improved 4% Y-o-Y. Regions Financial also achieved loan growth of $700 million as production grew by 14% in Q4 FY14. Chairman, President, and CEO, Grayson Hall, said that Q4 FY14 rounded out a solid year in which the company grew loans, increased deposit balances, and improved asset quality and capital ratios. Our free coverage report can be accessed at:
During Q4 FY14, Regions Financial reported total revenue of $1.27 billion compared to $1.36 billion in Q4 FY13. The company's net revenues during Q4 FY14 missed Bloomberg analysts' forecast of $1.30 billion. Further, Regions Financial's Q4 FY14 net interest income stood at $820 million compared to $832 million in Q4 FY13. In Q4 FY14, the company recorded non-interest income of $448 million compared with $526 million in Q4 FY13. The free research on RF can be downloaded as in PDF format at:
In Q4 FY14, the company's net interest margin on fully taxable equivalent basis from continuing operations decreased to 3.17% from 3.26% in Q4 FY13. Regions Financial's net income available to common shareholders stood at $195 million in Q4 FY14, or $0.14 per common share, compared to $219 million, or $0.16 per common share, in Q4 FY13. Analysts from Bloomberg had expected net income available to common shareholders of $281 million, or $0.21 per common share, in Q4 FY14. During the reported quarter, the company repurchased $248 million of common stock, pursuant to its previously announced share repurchase program of $350 million.
In FY14, Regions Financial returned approximately $500 million in capital, as the company increased the quarterly dividend from $0.03 to $0.05 and repurchased 26 million shares of common stock for $256 million.
During FY14, Regions Financial's total revenues stood at $5.10 billion compared to $5.28 billion in FY13. The company's net revenues during FY14 came below Bloomberg analysts' forecast of $5.14 billion. Regions Financial's net interest income increased to $3.28 billion in FY14 from $3.26 billion in FY13. However, the company's non-interest income fell to $1.82 billion in FY14 from $2.02 billion in FY13.
Regions Financial's net income available to common shareholders in FY14 stood at $1.10 billion, or $0.80 per common share, compared to $1.09 billion, or $0.77 per common share, in FY13. Analysts from Bloomberg had expected net income available to common shareholders of $1.18 billion, or $0.85 per common share, in FY14. Sign up and read the free analyst's notes on RF at:
Regions Financial's total ending loan balance as of December 31, 2014 increased 4% Y-o-Y to $3 billion, while total ending deposits improved 2% Y-o-Y to $2 billion. As of December 31, 2014, the company's Tier 1 ratio was estimated at 12.5%, while Tier 1 Common ratio and Common Equity Tier 1 Basel III ratio was estimated at 11.6% and 11.1%, respectively.
On the day of the earnings release, January 20, 2015, Regions Financial's stock declined 3.64% to end the session at $8.74. Since then, the stock has moved both ways with gains outperforming the losses. On the last close, Thursday, January 29, 2014, the company's shares finished 1.26% higher at $8.85, after vacillating between $8.69 and $8.88. A total of 21.70 million shares were traded which was above its three months average volume of 16.32 million shares. Over the previous three trading sessions and over the last one month, the company's shares have lost 2.53% and 17.52%, respectively. Further, the stock has fallen by 9.32% in the past three months. Shares in Regions Financial are trading below their 50-day and 200-day moving averages of $9.93 and $10.11, respectively. Furthermore, the stock traded at a PE ratio of 10.60 and has a Relative Strength Index (RSI) of 32.34. Visit Investor-Edge and access the latest research on RF at:
Sneak Peek to Corporate Insider Trading
In the last one month, Regions Financial has reported 23 corporate trading transactions. Between January 02 and January 23, 2015, a total of 87,271 shares were purchased at an average price of $9.18 per share and for a total value of $801,403. During the aforesaid period, Charles D. McCrary, Director at Regions Financial, bought 5,491 shares at an average price of $9.26 per share, and Lee J. Styslinger III, Director at Regions Financial, purchased 3,479 shares at an average price of $9.37 per share. Additionally, on January 23, 2015, David J. Turner, Jr., Senior Executive Vice President and Chief Financial Officer at Regions Financial, purchased 65,000 shares at an average price of $9.16 per share. Complimentary in-depth research on RF is available at:
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