Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyze and compare Truist and Regions Financial Truist Financial Corp (TFC) and Regions Financial Corporation (RF) are large regional banking companies. The net income and

Analyze and compare Truist and Regions Financial Truist Financial Corp (TFC) and Regions Financial Corporation (RF) are large regional banking companies. The net income and average common shares outstanding for both companies were reported in recent financial reports as follows (in millions): Net income Truist Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for each company. Round to the nearest cent. Truist Regions Financial b. Which company appears more profitable from a total net income perspective? Truist c. Which company appears more profitable from an earnings-per-share perspective? Truist $3,224 $196 805.1 d. From a stockholder's perspective, is net income or earnings per share the better relative earnings measure between the two banks? From a stockholder's perspective, the earnings per share de Regions Financial $1,582 $79 995.0 Fm ==== PMENT TE ME is a better relative measure of earnings between the two banks.
image text in transcribed
Analyze and compare Truist and Regions financial were reported in recent finanoal reports as follows (in mallions): a. Determine the eamings per shane for each compony, Round to the mearest cent. Truist Regions Financal 4 1 b. Which compony appears more profitable from a total net income perspective? c. Which company appears mpre profitable from on earnings-per-share perspectwe? d. From a stockholder's perspective, is net income or earnings pec share the better relative eamings measure between the two banks? From a stochholder's perspective, the is a berter refative meisure of eartings between the two barks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

CPA Exam Review 2020 At Least Know This Auditing And Attestation

Authors: At Least Know This

1st Edition

1706038364, 978-1706038368

More Books

Students also viewed these Accounting questions