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Regions Beats on Solid Commercial Loan Growth (Update 1)

Usdin also said that the banks credit quality was looking "good," and took note of the fourth-quarter reserve release, which declined from $229 million in the third quarter, by saying "we do not think this should be a surprise."

The analyst has a "Hold" rating on Regions, with a price target of $7.50, estimating the company will earn 77 cents a share in 2013.

Regions Financial's shares closed at $7.43 Friday, trading just above their reported Dec. 31 tangible book value of $7.11, and for 9.4 times the consensus 2013 EPS estimate of 79 cents. The consensus 2014 EPS estimate is 81 cents.

 Chart data by YCharts

Interested in more on Regions Financial? See TheStreet Ratings' report card for this stock.

-- Written by Philip van Doorn in Jupiter, Fla.

>Contact by Email.

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.
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