Source: Reuters (via feed)
Regions Financial reported a 14% increase in profit for the first quarter. The company attributed the rise to strong loan growth following U.S. Federal Reserve rate cuts. Interest income increased during this period. Provisions for bad loans decreased. The results were announced on Friday.
BizTrendWire Insight:
Regions Financial’s quarterly profit reflected changes in interest income and loan loss provisions.
Regions Financial’s quarterly profit reflected changes in interest income and loan loss provisions.
