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Compared to Estimates, Peoples Bancorp (PEBO) Q1 Earnings: A Look at Key Metrics
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For the quarter ended March 2024, Peoples Bancorp (PEBO - Free Report) reported revenue of $112.82 million, up 22.2% over the same period last year. EPS came in at $0.85, compared to $1.01 in the year-ago quarter.
The reported revenue represents a surprise of +1.27% over the Zacks Consensus Estimate of $111.41 million. With the consensus EPS estimate being $0.81, the EPS surprise was +4.94%.
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.
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 Peoples Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Balance - Total earning assets: $8.08 billion versus $7.92 billion estimated by three analysts on average.
Net Interest Margin: 4.3% versus 4.3% estimated by three analysts on average.
Efficiency ratio: 58% compared to the 62.3% average estimate based on three analysts.
Net charge-offs as a percent of average total loans (annualized): 0.2% versus the two-analyst average estimate of 0.2%.
Mortgage banking income: $0.32 million versus the three-analyst average estimate of $0.32 million.
Total Non-interest income: $25.78 million versus $25.72 million estimated by three analysts on average.
Bank owned life insurance income: $1.50 million versus $1.17 million estimated by two analysts on average.
Insurance income: $6.50 million versus $5.62 million estimated by two analysts on average.
Deposit account service charges: $4.22 million compared to the $4.50 million average estimate based on two analysts.
Electronic banking income: $6.05 million compared to the $6.77 million average estimate based on two analysts.
Net Interest Income: $86.64 million versus the two-analyst average estimate of $86.54 million.
Trust and investment income: $4.60 million versus $4.46 million estimated by two analysts on average.
Shares of Peoples Bancorp have returned +1.5% over the past month versus the Zacks S&P 500 composite's -4.2% 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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Compared to Estimates, Peoples Bancorp (PEBO) Q1 Earnings: A Look at Key Metrics
For the quarter ended March 2024, Peoples Bancorp (PEBO - Free Report) reported revenue of $112.82 million, up 22.2% over the same period last year. EPS came in at $0.85, compared to $1.01 in the year-ago quarter.
The reported revenue represents a surprise of +1.27% over the Zacks Consensus Estimate of $111.41 million. With the consensus EPS estimate being $0.81, the EPS surprise was +4.94%.
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.
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 Peoples Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Balance - Total earning assets: $8.08 billion versus $7.92 billion estimated by three analysts on average.
- Net Interest Margin: 4.3% versus 4.3% estimated by three analysts on average.
- Efficiency ratio: 58% compared to the 62.3% average estimate based on three analysts.
- Net charge-offs as a percent of average total loans (annualized): 0.2% versus the two-analyst average estimate of 0.2%.
- Mortgage banking income: $0.32 million versus the three-analyst average estimate of $0.32 million.
- Total Non-interest income: $25.78 million versus $25.72 million estimated by three analysts on average.
- Bank owned life insurance income: $1.50 million versus $1.17 million estimated by two analysts on average.
- Insurance income: $6.50 million versus $5.62 million estimated by two analysts on average.
- Deposit account service charges: $4.22 million compared to the $4.50 million average estimate based on two analysts.
- Electronic banking income: $6.05 million compared to the $6.77 million average estimate based on two analysts.
- Net Interest Income: $86.64 million versus the two-analyst average estimate of $86.54 million.
- Trust and investment income: $4.60 million versus $4.46 million estimated by two analysts on average.
View all Key Company Metrics for Peoples Bancorp here>>>Shares of Peoples Bancorp have returned +1.5% over the past month versus the Zacks S&P 500 composite's -4.2% 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.