Analyst Note
| Eric Compton |No-moat-rated Regions Financial reported fourth-quarter EPS of $0.70, which beat the FactSet consensus of $0.65 and was roughly in line with our estimate of $0.68. Revenue of $2 billion was just ahead of our expectation of $1.93 billion, while expenses of $1 billion were also just ahead of our estimate. Results were generally solid for the bank, with decent sequential loan growth of 2%, net interest income growth that exceeded our expectations, and relatively steady credit metrics.