SOURCE: Research Driven Investing

Research Driven Investing

January 23, 2013 08:20 ET

Regional Banks Fourth Quarter Earnings Driven by Loan Growth

Research Driven Investing Provides Stocks Research on Regions Financial and Synovus Financial

NEW YORK, NY--(Marketwire - Jan 23, 2013) - Strong earnings from regional banks have helped them outperform their larger counterparts in recent weeks. The SPDR KBW Regional Banking ETF (KRE) has gained 2.25 percent in the past week, while the broader SPDR KBW Bank ETF (KBE) has gained 1.45 percent over the same period. Research Driven Investing examines investing opportunities in the Regional Banking Industry and provides equity research on Regions Financial Corporation (NYSE: RF) and Synovus Financial Corp. (NYSE: SNV).

Access to the full company reports can be found at:
www.RDInvesting.com/RF
www.RDInvesting.com/SNV

Loan growth has been a key driver for regional banks' earnings in recent quarters. An increased number of smaller business loans helped regional banks offset the low spreads and profit margins the larger banks face. Another key factor for growth has been the recent refinancing boom.

"We've benefited from a refinancing boom and that has augmented our results fairly significantly," said Dan Poston, Fifth Third's chief financial officer. "The bigger banks have more onerous regulatory concerns, whether that's the capital they are required to hold, or new regulations that impact their trading or derivatives books."

Research Driven Investing releases regular market updates on the Regional Banking Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.

Regions Financial, with $122 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. The company reported a net income of $1.1 billion, or $0.19 per diluted share, for the full year 2012.

Synovus is a financial services company with $26 billion in assets based in Columbus, Georgia. For the fourth quarter of 2012, the company reported a net income of $712.8 million, compared to a net income of $12.8 million in the fourth quarter of 2011. Net loan growth was roughly $345 million sequentially, compared to $240 million in the previous quarter.

Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Research Driven Investing is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
http://www.rdinvesting.com/disclaimer