Regions Financial Corp. reported Friday a fourth-quarter profit that fell a bit short of expectations, while revenue was in line with forecasts. The stock was little changed in light premarket trading. Net income was $366 million, or 38 cents a share, compared with $390 million, or 37 cents a share, in the year-ago period. The FactSet consensus was 39 cents. The regional bank said non-recurring items, such as losses on the early extinguishment of debt and charges for branch consolidation, reduced earnings per share by 2 cents. Total revenue rose 3% to $1.48 billion, matching the FactSet consensus, while net interest income slipped 4.1% to $931 million, but topped expectations of $926.5 million. Total loans grew 0.6% to $82.39 billion, while consumer lending fell 3.4% to $30.42 billion. The stock has gained 7.1% over the past three months, while the SPDR S&P Bank ETF has advanced 8.0% and the S&P 500 has tacked on 10.6%.
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