Regions Financial, the parent company of Middle Tennessee's largest bank, posted its first quarterly profit in almost two years late last year, earning $89 million on the back of a drop in its loan loss provision.
“Our fourth quarter results not only demonstrate clear progress toward achieving our primary goal of returning Regions to sustainable profitability, but importantly show that we have done so while also continuing to reduce our risk profile,” said Grayson Hall, president and chief executive officer. “We’re encouraged by signs of economic recovery and the continued success we have had in profitably expanding our customer base as well as deepening existing customer relationships.”Here's the company's full release. Regions shares (Ticker: RF) are down 3 percent in early trading this morning.
Jan 25, 2011 9:00 AM
A day after Regions Financial said Grayson Hall will succeed Dowd Ritter as CEO, shares of Nashville's biggest bank (Ticker: RF) are up about 2 percent heading into the close. Note to Bank of America: This is how investors prefer their leadership transitions.
Dec 18, 2009 2:36 PM
Dowd Ritter has relinquished the role of president of Regions Financial Corp. That job now belongs to 52-year-old Vice Chairman Grayson Hall, who also has taken on the new title of COO. Shares of Regions (Ticker: RF) didn't do a thing after hours Thursday.
Oct 16, 2009 7:38 AM