For the quarter ended September 2023, SmarFinancial (SMBK - Free Report) reported revenue of $31.7 million, down 26.2% over the same period last year. EPS came in at $0.43, compared to $0.69 in the year-ago quarter.
The reported revenue represents a surprise of -18.46% over the Zacks Consensus Estimate of $38.87 million. With the consensus EPS estimate being $0.47, the EPS surprise was -8.51%.
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: 90% versus the three-analyst average estimate of 70.9%.
- Net Interest Margin: 2.8% compared to the 3.2% average estimate based on three analysts.
- Net charge-offs to average loans: 0% compared to the 0.1% average estimate based on two analysts.
- Average Balance - Total interest earning assets: $4.40 billion versus $4.43 billion estimated by two analysts on average.
- Mortgage banking: $0.31 million compared to the $0.27 million average estimate based on three analysts.
- Total noninterest income: $0.69 million compared to the $7.13 million average estimate based on three analysts.
- Interchange and debit card transaction fees: $1.36 million compared to the $1.44 million average estimate based on two analysts.
- Service charges on deposit accounts: $1.74 million versus $1.54 million estimated by two analysts on average.
- Other noninterest income: $1.48 million versus the two-analyst average estimate of $1.39 million.
- Investment services: $1.46 million compared to the $1.23 million average estimate based on two analysts.
- Insurance commissions: $1.15 million versus the two-analyst average estimate of $1.22 million.
- Net interest income (FTE): $31.10 million compared to the $31.65 million average estimate based on two analysts.
View all Key Company Metrics for SmarFinancial here>>>Shares of SmarFinancial have returned -6.1% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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For the quarter ended September 2023, SmarFinancial (SMBK - Free Report) reported revenue of $31.7 million, down 26.2% over the same period last year. EPS came in at $0.43, compared to $0.69 in the year-ago quarter.
The reported revenue represents a surprise of -18.46% over the Zacks Consensus Estimate of $38.87 million. With the consensus EPS estimate being $0.47, the EPS surprise was -8.51%.
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: 90% versus the three-analyst average estimate of 70.9%.
- Net Interest Margin: 2.8% compared to the 3.2% average estimate based on three analysts.
- Net charge-offs to average loans: 0% compared to the 0.1% average estimate based on two analysts.
- Average Balance - Total interest earning assets: $4.40 billion versus $4.43 billion estimated by two analysts on average.
- Mortgage banking: $0.31 million compared to the $0.27 million average estimate based on three analysts.
- Total noninterest income: $0.69 million compared to the $7.13 million average estimate based on three analysts.
- Interchange and debit card transaction fees: $1.36 million compared to the $1.44 million average estimate based on two analysts.
- Service charges on deposit accounts: $1.74 million versus $1.54 million estimated by two analysts on average.
- Other noninterest income: $1.48 million versus the two-analyst average estimate of $1.39 million.
- Investment services: $1.46 million compared to the $1.23 million average estimate based on two analysts.
- Insurance commissions: $1.15 million versus the two-analyst average estimate of $1.22 million.
- Net interest income (FTE): $31.10 million compared to the $31.65 million average estimate based on two analysts.
View all Key Company Metrics for SmarFinancial here>>>Shares of SmarFinancial have returned -6.1% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
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