SmarFinancial (SMBK - Free Report) reported $38.71 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 3.9%. EPS of $0.52 for the same period compares to $0.61 a year ago.
The reported revenue represents a surprise of -6.26% over the Zacks Consensus Estimate of $41.29 million. With the consensus EPS estimate being $0.54, the EPS surprise was -3.70%.
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 SmarFinancial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 70.82% versus the three-analyst average estimate of 67.55%.
- Net Interest Margin: 2.93% versus 3.07% estimated by three analysts on average.
- Net charge-offs to average loans: -0.01% versus the two-analyst average estimate of 0.1%.
- Average Balance - Total interest earning assets: $4.34 billion compared to the $4.50 billion average estimate based on two analysts.
- Total noninterest income: $7.13 million versus $7.26 million estimated by three analysts on average.
- Mortgage banking: $0.33 million compared to the $0.28 million average estimate based on three analysts.
- Net interest income (FTE): $31.67 million compared to the $34.51 million average estimate based on two analysts.
- Interchange and debit card transaction fees: $1.35 million versus $1.49 million estimated by two analysts on average.
- Service charges on deposit accounts: $1.66 million compared to the $1.57 million average estimate based on two analysts.
- Investment services: $1.30 million versus $1.08 million estimated by two analysts on average.
- Other noninterest income: $1.36 million versus the two-analyst average estimate of $1.78 million.
- Insurance commissions: $1.14 million versus the two-analyst average estimate of $1.16 million.
View all Key Company Metrics for SmarFinancial here>>>Shares of SmarFinancial have returned +15.6% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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SmarFinancial (SMBK - Free Report) reported $38.71 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 3.9%. EPS of $0.52 for the same period compares to $0.61 a year ago.
The reported revenue represents a surprise of -6.26% over the Zacks Consensus Estimate of $41.29 million. With the consensus EPS estimate being $0.54, the EPS surprise was -3.70%.
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 SmarFinancial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 70.82% versus the three-analyst average estimate of 67.55%.
- Net Interest Margin: 2.93% versus 3.07% estimated by three analysts on average.
- Net charge-offs to average loans: -0.01% versus the two-analyst average estimate of 0.1%.
- Average Balance - Total interest earning assets: $4.34 billion compared to the $4.50 billion average estimate based on two analysts.
- Total noninterest income: $7.13 million versus $7.26 million estimated by three analysts on average.
- Mortgage banking: $0.33 million compared to the $0.28 million average estimate based on three analysts.
- Net interest income (FTE): $31.67 million compared to the $34.51 million average estimate based on two analysts.
- Interchange and debit card transaction fees: $1.35 million versus $1.49 million estimated by two analysts on average.
- Service charges on deposit accounts: $1.66 million compared to the $1.57 million average estimate based on two analysts.
- Investment services: $1.30 million versus $1.08 million estimated by two analysts on average.
- Other noninterest income: $1.36 million versus the two-analyst average estimate of $1.78 million.
- Insurance commissions: $1.14 million versus the two-analyst average estimate of $1.16 million.
View all Key Company Metrics for SmarFinancial here>>>Shares of SmarFinancial have returned +15.6% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on SMBK - FREE