Earnings season is back in full swing and one of the sectors taking the spotlight this week is regional banks, with several of the largest names in the space reporting quarterly results on Wednesday, Thursday and Friday.
Here’s a look at some of the names to watch in the regional banks sector.
Regional Banks Take Spotlight
Alongside the large number of big banks reporting quarterly financial results this week, many regional banks are doing the same.
Here are seven regional banks that report this week:
- PNC Financial Services Group (NYSE:PNC): Wednesday before market open
- Bank of New York Mellon Corp (NYSE:BNY): Wednesday before market open
- M&T Bank Corp (NYSE:MTB): Wednesday before market open
- Citizens Financial Group (NYSE:CFG): Thursday before market open
- Regions Financial Corp (NYSE:RF): Friday before market open
- Truist Financial Corp (NYSE:TFC): Friday before market open
- Fifth Third Bancorp (NYSE:FITB): Friday before market open
"It hasn’t only been a few of the large-cap banks that have shined so far in 2026," Freedom Capital Markets Chief Market Strategist Jay Woods said in a weekly newsletter. "The regionals have had a more consistent and steady rally despite a struggling lending landscape and a housing market that usually aids their growth."
Consistent Earnings Beats
Looking at recent quarterly results shows many of these seven stocks consistently beating analyst estimates for earnings per share and revenue.
Here are the recent results compared to analyst estimates for earnings per share and revenue for the past 10 quarters, as tracked by data from Benzinga Pro:
- PNC: Beat earnings per share estimates 10 straight, Beat revenue estimates 7 of last 10 quarters
- Bank of New York Mellon: Beat earnings per share estimates 10 straight, Beat revenue estimates 10 straight
- M&T Bank: Beat earnings per share estimates 7 of last 10 quarters, Beat revenue estimates 8 of last 10 quarters
- Citizens: Beat earnings per share estimates 9 of last 10 quarters, Beat revenue estimates 6 of last 10 quarters
- Regions: Beat earnings per share estimates 8 of last 10 quarters, Beat revenue estimates 6 of last 10 quarters
- Truist: Beat earnings per share estimates 7 of last 10 quarters, Beat revenue estimates 8 of last 10 quarters
- Fifth Third Bancorp: Beat earnings per share estimates 10 straight, Beat revenue estimates 5 of last 10 quarters
Five of the seven stocks are up 20% or more year-to-date based on Friday closing prices, with the iShares U.S. Regional Banks ETF (NYSE:IAT) up 14.56% year-to-date.
Two Stocks to Watch
Of the seven regional bank stocks reporting this week highlighted above, there are two names that Woods is watching the most.
"Two of the above still haven’t reached all-time highs. One of them is Truist and the other we highlight in this week’s Stocks in Focus."
Truist is the worst performing of the seven stocks with a year-to-date gain of only 5%, which could be why Woods is watching the stock.
The other stock being watched by Woods is Fifth Third Bank.
"Fifth Third Bank has quietly become one of the stronger performers in the regional banking space. The bank has built its reputation on a diversified business mix that includes consumer banking, commercial lending, wealth management, payments, and treasury services."
Woods says the biggest catalyst for Fifth Third in recent history is the recently completed $10.9 billion acquisition of Comerica, which has now created the nation’s ninth-largest bank.
Shares are up 22% year-to-date and look to build off their recent success when they report Friday morning."
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