U.S. regional bank Regions Financial reported a 38% increase in fourth-quarter profit on Friday, driven by higher fees from advising on deals and fewer provisions for potentially souring loans in a tough economy.

The holding company for Regions Bank posted revenue of $2.39 billion in the period. Its revenue net of interest expense was $1.82 billion, missing Street forecasts. Five analysts surveyed by Zacks expected $1.85 billion. For the year, the company reported profit of $1.89 billion, or $1.93 per share. Revenue was reported as $7.08 billion.