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Here's What Key Metrics Tell Us About SmarFinancial (SMBK) Q4 Earnings
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SmarFinancial (SMBK - Free Report) reported $39.1 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 12.6%. EPS of $0.41 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $39.14 million, representing a surprise of -0.11%. The company delivered an EPS surprise of -4.65%, with the consensus EPS estimate being $0.43.
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: 76% compared to the 73.2% average estimate based on three analysts.
Net Interest Margin: 2.9% compared to the 2.8% average estimate based on three analysts.
Net charge-offs to average loans: 0% versus 0.1% estimated by two analysts on average.
Average Balance - Total interest earning assets: $4.38 billion versus the two-analyst average estimate of $4.44 billion.
Total noninterest income: $7.58 million versus the three-analyst average estimate of $7.41 million.
Mortgage banking: $0.23 million compared to the $0.18 million average estimate based on three analysts.
Net interest income (FTE): $31.61 million versus the two-analyst average estimate of $31.83 million.
Interchange and debit card transaction fees: $1.37 million versus $1.44 million estimated by two analysts on average.
Service charges on deposit accounts: $1.67 million versus $1.75 million estimated by two analysts on average.
Investment services: $1.34 million versus $1.41 million estimated by two analysts on average.
Other noninterest income: $1.84 million compared to the $1.50 million average estimate based on two analysts.
Insurance commissions: $1.13 million compared to the $1.23 million average estimate based on two analysts.
Shares of SmarFinancial have returned -8.3% over the past month versus the Zacks S&P 500 composite's +1.6% 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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Here's What Key Metrics Tell Us About SmarFinancial (SMBK) Q4 Earnings
SmarFinancial (SMBK - Free Report) reported $39.1 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 12.6%. EPS of $0.41 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $39.14 million, representing a surprise of -0.11%. The company delivered an EPS surprise of -4.65%, with the consensus EPS estimate being $0.43.
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: 76% compared to the 73.2% average estimate based on three analysts.
- Net Interest Margin: 2.9% compared to the 2.8% average estimate based on three analysts.
- Net charge-offs to average loans: 0% versus 0.1% estimated by two analysts on average.
- Average Balance - Total interest earning assets: $4.38 billion versus the two-analyst average estimate of $4.44 billion.
- Total noninterest income: $7.58 million versus the three-analyst average estimate of $7.41 million.
- Mortgage banking: $0.23 million compared to the $0.18 million average estimate based on three analysts.
- Net interest income (FTE): $31.61 million versus the two-analyst average estimate of $31.83 million.
- Interchange and debit card transaction fees: $1.37 million versus $1.44 million estimated by two analysts on average.
- Service charges on deposit accounts: $1.67 million versus $1.75 million estimated by two analysts on average.
- Investment services: $1.34 million versus $1.41 million estimated by two analysts on average.
- Other noninterest income: $1.84 million compared to the $1.50 million average estimate based on two analysts.
- Insurance commissions: $1.13 million compared to the $1.23 million average estimate based on two analysts.
View all Key Company Metrics for SmarFinancial here>>>Shares of SmarFinancial have returned -8.3% over the past month versus the Zacks S&P 500 composite's +1.6% 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.