First Interstate BancSystem (FIBK - Free Report) reported $262.5 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 9.1%. EPS of $0.66 for the same period compares to $0.93 a year ago.
The reported revenue represents a surprise of -2.96% over the Zacks Consensus Estimate of $270.5 million. With the consensus EPS estimate being $0.71, the EPS surprise was -7.04%.
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 First Interstate BancSystem performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 3.12% compared to the 3.21% average estimate based on two analysts.
- Efficiency Ratio: 60.95% versus 60.6% estimated by two analysts on average.
- Total noninterest Income: $44.10 million versus $40.76 million estimated by two analysts on average.
View all Key Company Metrics for First Interstate BancSystem here>>>Shares of First Interstate BancSystem have returned +16.2% over the past month versus the Zacks S&P 500 composite's +5.1% 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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First Interstate BancSystem (FIBK - Free Report) reported $262.5 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 9.1%. EPS of $0.66 for the same period compares to $0.93 a year ago.
The reported revenue represents a surprise of -2.96% over the Zacks Consensus Estimate of $270.5 million. With the consensus EPS estimate being $0.71, the EPS surprise was -7.04%.
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 First Interstate BancSystem performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 3.12% compared to the 3.21% average estimate based on two analysts.
- Efficiency Ratio: 60.95% versus 60.6% estimated by two analysts on average.
- Total noninterest Income: $44.10 million versus $40.76 million estimated by two analysts on average.
View all Key Company Metrics for First Interstate BancSystem here>>>Shares of First Interstate BancSystem have returned +16.2% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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