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Compared to Estimates, Preferred Bank (PFBC) Q1 Earnings: A Look at Key Metrics
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Preferred Bank (PFBC - Free Report) reported $71.57 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.5%. EPS of $2.44 for the same period compares to $2.61 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $68.6 million, representing a surprise of +4.32%. The company delivered an EPS surprise of +1.67%, with the consensus EPS estimate being $2.40.
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 Preferred Bank performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 28% compared to the 28% average estimate based on three analysts.
Net Interest Margin: 4.2% versus the three-analyst average estimate of 4.1%.
Net charge-offs to average loans: 0.3% versus the two-analyst average estimate of 0.2%.
Average Interest-Earning Assets: $6.59 billion versus the two-analyst average estimate of $6.57 billion.
Net interest income before provision for credit losses: $68.50 million versus $66.29 million estimated by three analysts on average.
Total noninterest income: $3.07 million versus $2.95 million estimated by three analysts on average.
Shares of Preferred Bank have returned -0.5% 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, Preferred Bank (PFBC) Q1 Earnings: A Look at Key Metrics
Preferred Bank (PFBC - Free Report) reported $71.57 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.5%. EPS of $2.44 for the same period compares to $2.61 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $68.6 million, representing a surprise of +4.32%. The company delivered an EPS surprise of +1.67%, with the consensus EPS estimate being $2.40.
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 Preferred Bank performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 28% compared to the 28% average estimate based on three analysts.
- Net Interest Margin: 4.2% versus the three-analyst average estimate of 4.1%.
- Net charge-offs to average loans: 0.3% versus the two-analyst average estimate of 0.2%.
- Average Interest-Earning Assets: $6.59 billion versus the two-analyst average estimate of $6.57 billion.
- Net interest income before provision for credit losses: $68.50 million versus $66.29 million estimated by three analysts on average.
- Total noninterest income: $3.07 million versus $2.95 million estimated by three analysts on average.
View all Key Company Metrics for Preferred Bank here>>>Shares of Preferred Bank have returned -0.5% 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.