First Community (FCCO - Free Report) reported $15.26 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 2.2%. EPS of $0.34 for the same period compares to $0.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $14.83 million, representing a surprise of +2.91%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.34.
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 Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 77.2% versus 75.3% estimated by three analysts on average.
- Net Interest Margin (taxable equivalent): 2.8% versus 2.9% estimated by three analysts on average.
- Net Charge-off (% of Average Loans): 0% compared to the 0.1% average estimate based on two analysts.
- Total Interest-Earning Assets - Average Balance: $1.75 billion versus the two-analyst average estimate of $1.71 billion.
- Total Non-Interest Income: $3.18 million versus $2.83 million estimated by three analysts on average.
- Other non-interest (loss) income: $1.14 million versus the two-analyst average estimate of $1.11 million.
- Net Interest Income/margin (tax equivalent): $12.12 million versus $12.02 million estimated by two analysts on average.
- Mortgage banking income: $0.43 million versus the two-analyst average estimate of $0.26 million.
- Investment advisory fees and non-deposit commissions: $1.36 million versus the two-analyst average estimate of $1.17 million.
- Deposit service charges: $0.26 million versus the two-analyst average estimate of $0.25 million.
View all Key Company Metrics for First Community here>>>Shares of First Community have returned -7.1% over the past month versus the Zacks S&P 500 composite's -1.1% 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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First Community (FCCO - Free Report) reported $15.26 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 2.2%. EPS of $0.34 for the same period compares to $0.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $14.83 million, representing a surprise of +2.91%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.34.
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 Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 77.2% versus 75.3% estimated by three analysts on average.
- Net Interest Margin (taxable equivalent): 2.8% versus 2.9% estimated by three analysts on average.
- Net Charge-off (% of Average Loans): 0% compared to the 0.1% average estimate based on two analysts.
- Total Interest-Earning Assets - Average Balance: $1.75 billion versus the two-analyst average estimate of $1.71 billion.
- Total Non-Interest Income: $3.18 million versus $2.83 million estimated by three analysts on average.
- Other non-interest (loss) income: $1.14 million versus the two-analyst average estimate of $1.11 million.
- Net Interest Income/margin (tax equivalent): $12.12 million versus $12.02 million estimated by two analysts on average.
- Mortgage banking income: $0.43 million versus the two-analyst average estimate of $0.26 million.
- Investment advisory fees and non-deposit commissions: $1.36 million versus the two-analyst average estimate of $1.17 million.
- Deposit service charges: $0.26 million versus the two-analyst average estimate of $0.25 million.
View all Key Company Metrics for First Community here>>>Shares of First Community have returned -7.1% over the past month versus the Zacks S&P 500 composite's -1.1% 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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Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
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