Regions Financial of Birmingham, Ala., reported third-quarter net earnings from continuing operations available to common shareholders of $312 million, or 22 cents a share, increasing from $280 million, or 20 cents a share, the previous quarter, and $87 million, or seven cents a share, during the third quarter of 2011. The third-quarter results beat the consensus estimate among analysts polled by Thomson Reuters by a penny, as mortgage banking income grew to $106 million, from $90 million the previous quarter, and $68 million a year earlier, however, investors were surprised to see the company's net interest margin decline by eight basis points from the previous quarter, to 3.08%.
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