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Compared to Estimates, Stellar Bancorp (STEL) Q1 Earnings: A Look at Key Metrics
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Stellar Bancorp (STEL - Free Report) reported $123.33 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 224.9%. EPS of $0.70 for the same period compares to $0.43 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $119.7 million, representing a surprise of +3.03%. The company delivered an EPS surprise of +2.94%, with the consensus EPS estimate being $0.68.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Stellar Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net interest margin - tax equivalent: 4.8% compared to the 4.69% average estimate based on three analysts.
Efficiency ratio: 58.96% versus the three-analyst average estimate of 56.37%.
Net Interest Income: $115.83 million versus $113.03 million estimated by three analysts on average.
Net Interest Income (FTE): $116.12 million compared to the $114 million average estimate based on three analysts.
Total Non-Interest Income: $7.50 million versus the three-analyst average estimate of $6.63 million.
Shares of Stellar Bancorp have returned -11% 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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Compared to Estimates, Stellar Bancorp (STEL) Q1 Earnings: A Look at Key Metrics
Stellar Bancorp (STEL - Free Report) reported $123.33 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 224.9%. EPS of $0.70 for the same period compares to $0.43 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $119.7 million, representing a surprise of +3.03%. The company delivered an EPS surprise of +2.94%, with the consensus EPS estimate being $0.68.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Stellar Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest margin - tax equivalent: 4.8% compared to the 4.69% average estimate based on three analysts.
- Efficiency ratio: 58.96% versus the three-analyst average estimate of 56.37%.
- Net Interest Income: $115.83 million versus $113.03 million estimated by three analysts on average.
- Net Interest Income (FTE): $116.12 million compared to the $114 million average estimate based on three analysts.
- Total Non-Interest Income: $7.50 million versus the three-analyst average estimate of $6.63 million.
View all Key Company Metrics for Stellar Bancorp here>>>Shares of Stellar Bancorp have returned -11% 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.