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First Neighborhood (FCCO) Q3 Earnings: Taking a Take a look at Key Metrics Versus Estimates

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For the quarter ended September 2024, First Neighborhood (FCCO) reported income of $16.98 million, up 21.6% over the identical interval final 12 months. EPS got here in at $0.50, in comparison with $0.23 within the year-ago quarter.

The reported income compares to the Zacks Consensus Estimate of $16.65 million, representing a shock of +1.99%. The corporate delivered an EPS shock of +11.11%, with the consensus EPS estimate being $0.45.

Whereas traders intently watch year-over-year adjustments 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 at all times 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 traders mission a inventory’s worth efficiency extra precisely.

Right here is how First Neighborhood carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:

  • Internet curiosity margin (taxable equal): 3% in comparison with the three% common estimate primarily based on two analysts.
  • Effectivity Ratio: 70.5% in comparison with the 72% common estimate primarily based on two analysts.
  • Whole Non-Curiosity Revenue: $3.57 million versus the two-analyst common estimate of $3.55 million.

View all Key Company Metrics for First Community here>>>

Shares of First Neighborhood have returned -1.8% over the previous month versus the Zacks S&P 500 composite’s +3.5% change. The inventory presently has a Zacks Rank #1 (Sturdy Purchase), indicating that it may outperform the broader market within the close to time period.

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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.

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