Regional – Southeast Banks

(HBHC) Hancock Holding Company Authorizes New Share Repurchase Program

In order to enhance shareholder value, Hancock Holding Company (HBHC) has announced a new capital deployment plan. Apart from declaring a regular quarterly cash dividend, the company authorized a new share repurchase program.

Hancock’s...

16May2013 | | Comments Off on (HBHC) Hancock Holding Company Authorizes New Share Repurchase Program | Continued

(RF) Regions Financial to Redeem TruPS

Regions Financial Corporation (RF) announced that it will redeem its issued and outstanding 6.625% Trust Preferred Securities (TruPS) worth $498 million. These TruPS were issued by Regions Financing Trust II. The redemption is scheduled...

16May2013 | | Comments Off on (RF) Regions Financial to Redeem TruPS | Continued

(FHN) First Horizon National Meets Earnings Estimates

First Horizon National Corp. (FHN) reported first-quarter 2013 earnings per share of 17 cents, in line with the Zacks Consensus Estimate of 17 cents, but well ahead of the year-ago earnings of 12 cents.

The results were driven...

2May2013 | | Comments Off on (FHN) First Horizon National Meets Earnings Estimates | Continued

(BXS) BancorpSouth Launches Payroll Card

BancorpSouth, Inc.’s (BXS) Treasury Management unit recently introduced the BancorpSouth Payroll Card. This is an alternative to the conventional method of paying employees through checks. With the new payroll card, employers can...

8Mar2013 | | Comments Off on (BXS) BancorpSouth Launches Payroll Card | Continued

(FHN) First Horizon National Shares Maintained at Neutral by Analyst

We have recently reiterated our Neutral recommendation on First Horizon National Corp. (FHN) based on its fundamentals and the current operating environment.

First Horizon returned to profit in the third quarter of 2012 by reporting...

1Jan2013 | | Comments Off on (FHN) First Horizon National Shares Maintained at Neutral by Analyst | Continued

(RF) Regions Financial Corporation to Redeem $345M Trust Preferred Securities

Regions Financial Corporation (RF) jumped on the bandwagon of trust preferred securities (TruPS) redemption. On Thursday, the company announced that it will redeem TruPS worth $345 million, including the 8.875% securities issued by...

4Nov2012 | | Comments Off on (RF) Regions Financial Corporation to Redeem $345M Trust Preferred Securities | Continued

(RF) Regions Financial Refinances Mortgages

Taking advantage of the low interest rate environment, Regions Financial Corp. (RF) helped around 6,000 homeowners refinance their mortgages under the government’s Home Affordable Refinance Program (HARP). The program is scheduled...

20Sep2012 | | Comments Off on (RF) Regions Financial Refinances Mortgages | Continued

(RF) Standard & Poor’s Ratings Services Ups Regions Financial’s Rating Outlook

On Friday, Standard & Poor’s Ratings Services (S&P) lifted its outlook on Regions Financial Corp. (RF) and its subsidiary Regions Bank to ‘Stable’ from ‘Negative.’ The rating agency is impressed by Regions’ improved...

9Aug2011 | | 0 comments | Continued

(RF) Regions Financial-FIA Credit Card Services Deal Closes

Birmingham-based Regions Bank, a unit of Regions Financial Corp. (RF) has completed the purchase of the credit card portfolio of $1 billion from FIA Card Services, a subsidiary of Bank of America Corporation (BAC),...

7Jul2011 | | 0 comments | Continued

(RF) Regions Teams with Western Union

Yesterday, Regions Bank, a subsidiary of Regions Financial Corp. (RF) entered into an agreement with Western Union Co. (WU), a leader in global payment...

29Jun2011 | | 0 comments | Continued

(RF) Regions Financial Restructures Three Units

Yesterday, Regions Financial Corp. (RF) announced the merger of its three units into a single wealth management group.  The company reorganized its businesses following the plan of selling off its scandal-hit brokerage unit Morgan...

26Jun2011 | | 0 comments | Continued

(RF) Regions Financial Settles Mortgage Fraud

According to a regulatory filingfrom the Securities and Exchange Commission (SEC), Regions Financial Corp.’s (RF) subsidiaries Morgan Keegan & Co. and Morgan Asset Management has agreed to pay $200 million to settle down fraud...

23Jun2011 | | 0 comments | Continued

(FHN) First Horizon National Analyst Downgrades to Underperform

We have downgraded our recommendation on First Horizon National Corp. (FHN) to Underperform from Neutral as the company suffered a loss in the fourth quarter of 2010 following the repayment of the bailout money in late December 2010.

FHN...

3Apr2011 | | 0 comments | Continued

(RF) Regions Financial Analyst Reiterates Shares at Neutral

We maintain our Neutral recommendation on Regions Financial Corp. (RF). The decision is based on the company’s move toward profitability in the fourth quarter of 2010.

In January, Regions’ announced fourth-quarter 2010 operating...

28Mar2011 | | 0 comments | Continued

(RF) Regions Financial Reduces Loss but Misses Street Estimates

Regions Financial Corporation (RF) has narrowed its loss in the third quarter but missed the Zacks Consensus Estimate. The company reported a net loss of 17 cents per share, compared with a loss of 37 cents in the year-ago period. The...

3Nov2010 | | 0 comments | Continued

(RF) Regions Financial’s Earnings Losses Narrower than Estimated

Regions Financial’s (RF) second quarter loss came in at 11 cents per share, better than the Zacks Consensus Estimate of a loss of 20 cents per share. Last year, the company reported a loss of 28 cents per share.

Including the...

28Jul2010 | | 0 comments | Continued

(FHN) First Horizon National Turns to Profit

First Horizon National Corporation (FHN) turned to profitability in its second quarter after reporting losses in the past eight quarters.

The company reported net income of $2.7 million or 1 cent per share, which compares favorably...

17Jul2010 | | 0 comments | Continued

(RF) Regions Financial Accounting Charge-offs to Peak

In a recent investor conference, Regions Financial Corp. (RF) said that the company expects its charge-offs to peak in the upcoming quarter. The company expects charge-offs near the midpoint of a range of $3.4 billion to $5.9 billion...

23May2010 | | 0 comments | Continued

(RF) Regions Financial’s Earnings Report Tops Expectations

Regions Financial Corp.’s (RF) first quarter loss came in at 21 cents per share, better than the Zacks Consensus Estimate of a loss of 27 cents. Results for the quarter improved due primarily to lower-than-expected provisions for...

21Apr2010 | | 0 comments | Continued

(FHN) First Horizon National Corporation Beats Earnings Expectations

First Horizon National Corporation (FHN) reported first quarter net loss of 12 cents, better than the Zacks Consensus Estimate of a loss of 16 cents. The company has also narrowed its loss from the prior-year period’s loss of 32...

18Apr2010 | | 0 comments | Continued

(RF) Regions Financial Unit Morgan Keegan Hit with Charges

On Wednesday, Regions Financial Corporation’s (RF) securities brokerage unit, Morgan Keegan was accused of misrepresenting fraudulent investments in risky securities by four state regulators, the Securities and Exchange Commission...

8Apr2010 | | 0 comments | Continued

(RF) Regions Financial Has Debt Rating Lowered by Standard and Poor’s

In yet another sign of dwindling confidence about the company’s performance, Standard and Poor’s (S&P) on Friday lowered the ratings of Regions Financial Corp. (RF) to “BBB-” from “BBB.”

Regions, a regional...

18Mar2010 | | 0 comments | Continued

(RF) Regions Financial’s Morgan Keegan Faces Charges (revised)

Morgan Keegan, a securities brokerage unit of Regions Financial Corp. (RF), has been slapped with charges amounting to $3.6 million in relation with two arbitration cases that were filed against it by two bond investors. These investors,...

10Mar2010 | | 0 comments | Continued

(RF) Regions Financial Misses on Higher Provisions

Regions Financial (RF) reported a fourth quarter loss of $606.0 million or 51 cents per share, worse than the Zacks Consensus Estimate of a loss of 35 cents per share. Last year, the company reported a net loss of $244 million or a...

26Jan2010 | | 0 comments | Continued

(FHN) First Horizon National Corporation Misses Consensus Estimates

First Horizon National Corporation (FHN) reported fourth quarter net loss of 32 cents, worse than the Zacks Consensus Estimate of a loss of 22 cents.

Net loss deteriorated to $70.6 million in the fourth quarter of 2009 from...

19Jan2010 | | 0 comments | Continued

(RF) Regions Financial Joins Transaction Account Guarantee Program

Regions Financial (RF) will participate in the Federal Deposit Insurance Corporation’s (FDIC) Transaction Account Guarantee (TAG) Program. Under this program, through June 30, 2010, all non-interest-bearing...

4Nov2009 | | 0 comments | Continued

(RF) Regions Financial Underperforms on Report

Regions Financial (RF) reported a third quarter loss of $437.0 million or 37 cents per diluted share, worse than the Zacks Consensus Estimate of a loss of 26 cents per share. Last year, the company reported a net income of $95 million — a profit of 13 cents per share.

The...

20Oct2009 | | 0 comments | Continued

(FHN) First Horizon National Corporation Outdoes Estimates

First Horizon National Corporation (FHN) reported third quarter net loss of 24 cents, better than the Zacks Consensus Estimate of a loss of 34 cents. Net loss improved to $52.9 million in the quarter, compared to $125.1 million last year, primarily due to a decrease in provision for...

16Oct2009 | | 0 comments | Continued

(RF) Regions Financial Corporation Faces Class Action Lawsuit

Investors have filed a class action lawsuit against Regions Financial Corporation (RF) on charges that the bank had obtained shareholders’ approval for the 2006 acquisition of AmSouth Bancorp by misleading investors about its own financial condition.

In November 2006, when...

14Oct2009 | | 0 comments | Continued

(RF) Regions Financial Corporation Eliminates Overdraft Fees

Pursuant to the overdraft reforms pressed by Congress, Regions Bank, a subsidiary of Regions Financial Corporation (RF) announced changes to its overdraft fee policies. It announced to overhaul the overdraft fees on consumers in case the account is overdrawn by less than $5 dollars.

The...

3Oct2009 | | 0 comments | Continued