While quarterly earnings were solidly higher at Regions Financial Corp., mortgage income receded. Servicing grew with the acquisition of mortgage servicing rights during the quarter.
Prior to income taxes, earnings from continuing operations climbed to $450 million during the three months ended June 30 from just $387 million the same quarter in 2016.
The Birmingham, Alabama-based bank-holding company revealed its latest earnings, as well as other operational and financial results, in its second-quarter 2017 earnings report.
Source: Mortgage Daily