First Monetary Bancorp (FFBC) reported $195.25 million in income for the quarter ended March 2024, representing a year-over-year decline of 9.7%. EPS of $0.59 for a similar interval compares to $0.76 a yr in the past.
The reported income represents a shock of -3.24% over the Zacks Consensus Estimate of $201.79 million. With the consensus EPS estimate being $0.59, the corporate has not delivered EPS shock.
Whereas traders 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 at all times present a greater perception into an organization’s underlying efficiency.
Since these metrics play an important position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher venture a inventory’s worth efficiency.
Right here is how First 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: 62.7% in comparison with the 59.8% common estimate based mostly on three analysts.
- Internet Curiosity Margin: 4.1% versus the three-analyst common estimate of 4.1%.
- Internet charge-offs to common loans (annualized): 0.4% in comparison with the 0.3% common estimate based mostly on two analysts.
- Common Steadiness – Whole incomes belongings: $14.76 billion versus the two-analyst common estimate of $14.73 billion.
- Whole Noninterest Earnings: $46.51 million versus $53.50 million estimated by three analysts on common.
- Overseas alternate revenue: $10.44 million in comparison with the $13.40 million common estimate based mostly on two analysts.
- Bankcard revenue: $3.14 million versus $3.38 million estimated by two analysts on common.
- Internet Curiosity Earnings: $148.74 million versus the two-analyst common estimate of $148.54 million.
- Service fees on deposit accounts: $6.91 million versus the two-analyst common estimate of $6.73 million.
- Internet positive factors from gross sales of loans: $3.78 million versus the two-analyst common estimate of $2.98 million.
- Different: $4.91 million versus $6.15 million estimated by two analysts on common.
- Consumer spinoff charges: $1.25 million versus $0.71 million estimated by two analysts on common.
View all Key Company Metrics for First Financial here>>>
Shares of First Monetary have returned +1.4% over the previous month versus the Zacks S&P 500 composite’s -3% change. The inventory at the moment has a Zacks Rank #4 (Promote), indicating that it might underperform the broader market within the close to time period.
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