For the quarter ended March 2024, First Monetary Bankshares (FFIN) reported income of $132.2 million, up 3.8% over the identical interval final yr. EPS got here in at $0.37, in comparison with $0.37 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $129.35 million, representing a shock of +2.20%. The corporate delivered an EPS shock of +5.71%, with the consensus EPS estimate being $0.35.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher undertaking a inventory’s value efficiency.
Right here is how First Monetary carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Effectivity ratio: 48.4% versus the two-analyst common estimate of 48.3%.
- Internet Curiosity Margin: 3.3% versus 3.4% estimated by two analysts on common.
- Whole Noninterest Earnings: $29.38 million versus the two-analyst common estimate of $27.40 million.
View all Key Company Metrics for First Financial here>>>
Shares of First Monetary have returned -7.9% over the previous month versus the Zacks S&P 500 composite’s -1.7% change. The inventory at the moment has a Zacks Rank #2 (Purchase), indicating that it may outperform the broader market within the close to time period.
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First Financial Bankshares, Inc. (FFIN) : Free Stock Analysis Report
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