A trio of southeastern regionals reported strong third quarter earnings gains Friday, boosted by vigorous loan growth and improved asset quality.

Net income at Regions Financial Corp., Birmingham, Ala., was up 31% to $37.4 million from $28.6 million in the year-ago quarter. Regions' 88 cents in earnings per share was one cent higher than consensus estimates.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.