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Premier Financial (PFC) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended March 2024, Premier Financial (PFC - Free Report) reported revenue of $62.07 million, down 9.7% over the same period last year. EPS came in at $0.50, compared to $0.63 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $63.93 million, representing a surprise of -2.91%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $0.48.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Premier Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 64.2% versus the three-analyst average estimate of 58.4%.
Tax-equivalent net interest margin: 2.5% versus the three-analyst average estimate of 2.7%.
Net charge-offs / average loans (annualized): 0% compared to the 0.1% average estimate based on two analysts.
Average Balances - Total interest-earning assets: $7.96 billion compared to the $8 billion average estimate based on two analysts.
Total Non Interest Income: $12.50 million versus the three-analyst average estimate of $11.56 million.
Tax-equivalent Net Interest Income: $49.65 million versus the three-analyst average estimate of $52.37 million.
Other non-interest income: $0.24 million versus $0.30 million estimated by two analysts on average.
Wealth management income: $1.71 million versus the two-analyst average estimate of $1.81 million.
Service fees and other charges: $6.47 million versus the two-analyst average estimate of $6.68 million.
Mortgage banking income: $2.35 million versus $1.38 million estimated by two analysts on average.
Income from Bank Owned Life Insurance: $1.70 million compared to the $1.18 million average estimate based on two analysts.
Shares of Premier Financial have returned +2.8% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Premier Financial (PFC) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended March 2024, Premier Financial (PFC - Free Report) reported revenue of $62.07 million, down 9.7% over the same period last year. EPS came in at $0.50, compared to $0.63 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $63.93 million, representing a surprise of -2.91%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $0.48.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Premier Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 64.2% versus the three-analyst average estimate of 58.4%.
- Tax-equivalent net interest margin: 2.5% versus the three-analyst average estimate of 2.7%.
- Net charge-offs / average loans (annualized): 0% compared to the 0.1% average estimate based on two analysts.
- Average Balances - Total interest-earning assets: $7.96 billion compared to the $8 billion average estimate based on two analysts.
- Total Non Interest Income: $12.50 million versus the three-analyst average estimate of $11.56 million.
- Tax-equivalent Net Interest Income: $49.65 million versus the three-analyst average estimate of $52.37 million.
- Other non-interest income: $0.24 million versus $0.30 million estimated by two analysts on average.
- Wealth management income: $1.71 million versus the two-analyst average estimate of $1.81 million.
- Service fees and other charges: $6.47 million versus the two-analyst average estimate of $6.68 million.
- Mortgage banking income: $2.35 million versus $1.38 million estimated by two analysts on average.
- Income from Bank Owned Life Insurance: $1.70 million compared to the $1.18 million average estimate based on two analysts.
View all Key Company Metrics for Premier Financial here>>>Shares of Premier Financial have returned +2.8% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.