Regions Financial of Birmingham, Ala., said it is considering a public offering that could go toward paying off its trust-preferred securities.

The $122 billion-asset company also reported Tuesday that earnings fell 15% from the second quarter but nearly doubled from a year earlier, to $301 million. Regions' loan-loss provision rose 27% from the second quarter, to $33 million. The company's provision totaled $355 million a year earlier.

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