Regions Financial Posts Q4 Profit
Press release from the issuing company
Wednesday, January 26th, 2011
The Birmingham, Ala.-based financial giant (NYSE: RF) recorded net income available to common shareholders of $36 million in the fourth quarter, compared to a $606 million net loss in the fourth quarter of 2009.
According to its earnings release, Regions' percentage of nonperforming assets declined to 4.7 percent in the fourth quarter, which is down from 4.83 percent at the end of 2009 and down from 4.98 percent in the third quarter of 2010.
