Regions Financial Corp. (RF, +1.65%) reported a second-quarter profit on Friday that was in line expectations, as revenue increased slightly over views and deposits fell more than 8%. Stock of the regional bank was inactive during premarket. The net income for the quarter was $556m, or 59c per share. This is in line with the FactSet consensus. Total revenue increased 12.0%, to $1.96 Billion, just above FactSet’s consensus estimate of $1.95 Billion. Net interest income also increased 24.5%, to $1.39 Billion, exceeding expectations of $1.38Billion. Total loans increased 8.6% to $98.58 Billion, with strength in investor real estate, commercial and industrial and residential first mortgages offsetting weakness in home equity. Total deposits dropped 8.2% to $126,96 billion. This was primarily due to a drop of 24.4% in wealth management deposit. The SPDR S&P regional banking exchange-traded funds KRE -0.38% and S&P 500 SPX -0.68% have both gained 9.4% over the last three months.