For the quarter ended March 2024, Farmers National Banc (FMNB - Free Report) reported revenue of $40.04 million, down 14.9% over the same period last year. EPS came in at $0.34, compared to $0.44 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $42.46 million, representing a surprise of -5.68%. The company delivered an EPS surprise of +3.03%, with the consensus EPS estimate being $0.33.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Farmers National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 61.5% versus 61.4% estimated by three analysts on average.
- Net Interest Margin: 2.7% versus the three-analyst average estimate of 2.7%.
- Average Earning Assets [$M]: $4.80 billion versus $4.86 billion estimated by three analysts on average.
- NCOs/ Average Loans: 0.1% versus the two-analyst average estimate of 0.1%.
- Total Noninterest Income: $8.36 million versus the three-analyst average estimate of $9.97 million.
- Service charges on deposit accounts: $1.58 million versus the two-analyst average estimate of $1.75 million.
- Trust fees: $2.79 million versus the two-analyst average estimate of $2.84 million.
- Net Interest Income: $31.69 million versus the two-analyst average estimate of $32.23 million.
View all Key Company Metrics for Farmers National here>>>Shares of Farmers National have returned -0.9% over the past month versus the Zacks S&P 500 composite's -3% 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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For the quarter ended March 2024, Farmers National Banc (FMNB - Free Report) reported revenue of $40.04 million, down 14.9% over the same period last year. EPS came in at $0.34, compared to $0.44 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $42.46 million, representing a surprise of -5.68%. The company delivered an EPS surprise of +3.03%, with the consensus EPS estimate being $0.33.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Farmers National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 61.5% versus 61.4% estimated by three analysts on average.
- Net Interest Margin: 2.7% versus the three-analyst average estimate of 2.7%.
- Average Earning Assets [$M]: $4.80 billion versus $4.86 billion estimated by three analysts on average.
- NCOs/ Average Loans: 0.1% versus the two-analyst average estimate of 0.1%.
- Total Noninterest Income: $8.36 million versus the three-analyst average estimate of $9.97 million.
- Service charges on deposit accounts: $1.58 million versus the two-analyst average estimate of $1.75 million.
- Trust fees: $2.79 million versus the two-analyst average estimate of $2.84 million.
- Net Interest Income: $31.69 million versus the two-analyst average estimate of $32.23 million.
View all Key Company Metrics for Farmers National here>>>Shares of Farmers National have returned -0.9% over the past month versus the Zacks S&P 500 composite's -3% 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.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless 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 in months to come.
Hurry, Download Special Report – It’s FREE >>
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