For the quarter ended March 2024, FB Monetary (FBK) reported income of $107.45 million, down 15.5% over the identical interval final yr. EPS got here in at $0.85, in comparison with $0.76 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $119.84 million, representing a shock of -10.34%. The corporate delivered an EPS shock of +21.43%, with the consensus EPS estimate being $0.70.
Whereas buyers carefully watch year-over-year modifications in headline numbers — income and earnings — and the way they evaluate to Wall Avenue expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers venture a inventory’s value efficiency extra precisely.
Right here is how FB Monetary carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Effectivity Ratio: 67.4% versus 62.4% estimated by 4 analysts on common.
- Internet Curiosity Margin: 3.4% versus 3.4% estimated by 4 analysts on common.
- Internet Cost-offs through the interval to Common Loans excellent: 0% in comparison with the 0.1% common estimate based mostly on three analysts.
- Common Incomes Belongings: $11.80 billion versus $11.90 billion estimated by three analysts on common.
- Complete nonperforming loans HFI: $67.75 million versus the two-analyst common estimate of $62.15 million.
- Complete nonperforming property: $94.07 million versus the two-analyst common estimate of $65.94 million.
- Mortgage banking earnings: $12.59 million in comparison with the $10.71 million common estimate based mostly on 4 analysts.
- Complete Noninterest earnings: $7.96 million versus the four-analyst common estimate of $21.09 million.
- Funding providers and belief earnings: $3.23 million versus the three-analyst common estimate of $2.94 million.
- Different Revenue: $1.71 million in comparison with the $1.79 million common estimate based mostly on three analysts.
- Service costs on deposit accounts: $3.14 million versus the three-analyst common estimate of $2.95 million.
- ATM and interchange charges: $2.94 million in comparison with the $2.63 million common estimate based mostly on three analysts.
View all Key Company Metrics for FB Financial here>>>
Shares of FB Monetary have returned -1.2% over the previous month versus the Zacks S&P 500 composite’s -0.9% change. The inventory presently has a Zacks Rank #2 (Purchase), indicating that it may outperform the broader market within the close to time period.
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FB Financial Corporation (FBK) : Free Stock Analysis Report
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