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Bank Stocks' Earnings to Watch on Apr 27: ISBC, GWB & More

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Most of the banks that have reported results so far have delivered better-than-expected numbers, thanks primarily to an improving rate scenario. Naturally, market sentiments for the industry have recovered to quite an extent.

The results of mega banks indicate improvement in trading revenues, supported by strength in fixed income, currencies and equity trading. Moreover, the industry is likely to witness an increase in investment banking fees based on robust M&A activity during the quarter, as well as higher debt and equity underwriting.

Notably, per the latest Earnings Preview, overall earnings for the S&P 500 stocks in the finance sector are expected to be up 14.8% year over year in the first-quarter 2017.

Here is how the results are expected for the four banks that are likely to report on Apr 27.

Investors Bancorp, Inc. is set to report first-quarter 2017 results after the market closes. Despite the stock currently carrying a Zacks Rank #2 (Buy), chances of it beating the Zacks Consensus Estimate cannot be conclusively predicted because it has an Earnings ESP of 0.00%.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Moreover, its Zacks Consensus Estimate of 16 cents per share remained stable over the last 30 days. The estimate reflects a year-over-year improvement of 16.7%.

Notably, Investors Bancorp surpassed the Zacks Consensus Estimate in three of the trailing four quarters, as depicted in the chart below.
 

Great Western Bancorp, Inc. is slated to release second-quarter fiscal (ended Mar 31) results before the market opens. Its Zacks Consensus Estimate of 62 cents increased 1.6% in the last 30 days. Moreover, the estimate represents a year-over-year increase of 12.4%.

The stock currently carries a Zacks Rank #3 (Hold) and has an Earnings ESP of 0.00%. Therefore, our proven model cannot conclusively predict if it will be able to beat the Zacks Consensus Estimate this time around.

Notably, the company witnessed an average positive surprise of 2.2% in the trailing four quarters as depicted in the chart below.
 

The Zacks Consensus Estimate for First Hawaiian, Inc. (FHB - Free Report) , which is slated to report first-quarter 2017 results after the market closes, remained stable at 40 cents in the last 30 days.

It is less likely that the stock will be able to beat the Zacks Consensus Estimate this time because it has an Earnings ESP of -2.50% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Nevertheless, the company witnessed an average positive surprise of 3.6% in the trailing four quarters as is depicted in the chart below.
 

Chances of Banc of California, Inc. (BANC - Free Report) beating the Zacks Consensus Estimate in the to-be-reported quarter are very low. This is because it has an Earnings ESP of -14.29% and a Zacks Rank #4 (Sell).

Moreover, its Zacks Consensus Estimate of 28 cents decreased 3.4% in the last 30 days. Also, it represents a year-over-year decline of 22.9%.

Notably, the company surpassed the Zacks Consensus Estimate in all the trailing four quarters, as depicted in the chart below.
 

Banc of California, Inc. Price and EPS Surprise
 

Banc of California, Inc. Price and EPS Surprise | Banc of California, Inc. Quote

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