RF - Why Regions Financial Shares Are Falling Today | Benzinga
Regions Financial Corporation (NYSE: RF) shares are trading lower after the company reported worse-than-expected Q3 financial results.
Adjusted revenues declined 0.5% Y/Y in Q3 FY23 to $1.858 billion, missing the consensus of $1.890 billion.
Total revenue decreased 5% compared to the second quarter of 2023. Net interest income decreased during the quarter to $1.3 billion or 6.5% sequentially, attributable to accelerating deposit and funding costs and a portion of the company's forward starting interest rate hedges becoming active, partially ...