Although Regions Financial Corp.’s home lending was the lowest in four years, mortgage earnings were up from the preceding quarter. Mortgage assets, delinquency and servicing all fell. Headcount was trimmed.
Income from continuing operations before income income taxes was $542 million for the entire bank-holding company, according to its first-quarter earnings report.
Birmingham, Alabama-based Regions’ income improved from $420 million in the same three months during 2017. Earnings were virtually unchanged from the preceding three months.
Source: Mortgage Daily