Article Comment 

Business brief: Regions Financial swings to gain in fourth quarter

 

Dispatch Staff Report

 

 

BIRMINGHAM -- Regions Financial Corp. posted a gain in the fourth quarter after a year-ago period weighed down by the sale of an investment management subsidiary. 

 

The big regional bank, based in Birmingham, Ala., said Tuesday that despite "challenging economic headwinds," Regions has increased loans to middle market companies and auto lending, launched new consumer products and invested aggressively in its mobile and online platforms. 

 

However, the bank earned less from interest on loans as its total loan book shrank -- a trend it blamed on consumers continuing to pay down old debt. 

 

Regions' net income was $261 million, or 18 cents per share, in the period ending Dec. 31. That compares with a loss of $602 million, or 48 cents per share, in the same period a year earlier. 

 

 

 

 

printer friendly version | back to top

 

 

 

Most Viewed News Stories

 

1. Lowndes Narcotics Unit searching for 10 suspects COLUMBUS & LOWNDES COUNTY

2. The accidental entrepreneurs STARKVILLE & OKTIBBEHA COUNTY

3. Dak Prescott acquitted of DUI, speeding STARKVILLE & OKTIBBEHA COUNTY

4. Two arrested in Motel 6 robbery COLUMBUS & LOWNDES COUNTY

5. Starkville man arrested for statutory rape COLUMBUS & LOWNDES COUNTY

 

More popular content      Suggest a story

 

 

Follow Us:

Follow Us on Facebook

Follow Us on Twitter

Follow Us via Email