YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Earnings for the quarter ended Sept. 30 were 77 cents per diluted share, compared to 75 cents in the second quarter and 55 cents in third-quarter 2005.
Net income for the quarter was $352 million, up from $256.6 million in third-quarter 2005. For the first nine months of the year, net income was $991.6 million, a 33 percent increase from $746.5 million last year.
Average loans grew 4 percent during the quarter, driven mostly by commercial and construction lending. Net interest income also was up, reaching $806 million for the third quarter, compared to $791 million in the previous quarter.
Regions’ shareholders in the third quarter approved the company’s merger with Birmingham-based AmSouth. That transaction, pending regulatory approval, is scheduled for completion in the fourth quarter.
Shares of Regions (NYSE: RF) opened Friday at $38.80 and closed that day at $38.87. The 52-week range is $30.62 to $39.15.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
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