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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
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): Truist Regions Financial Net income $3,224 $1,582 Preferred dividends $196 $79 Average number of common shares outstanding 805.1 995.0 Determine the earnings per share for each company. Round to the nearest cent. Which company appears more profitable from a total net income perspective? Which company appears more profitable from an earnings-per-share perspective? From a stockholders perspective, is net income or earnings per share the better relative earnings measure between the two banks
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