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Stellar Bancorp (STEL) Reports Q1 Earnings: What Key Metrics Have to Say
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Stellar Bancorp (STEL - Free Report) reported $108.41 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 12.1%. EPS of $0.49 for the same period compares to $0.70 a year ago.
The reported revenue represents a surprise of +1.89% over the Zacks Consensus Estimate of $106.4 million. With the consensus EPS estimate being $0.48, the EPS surprise was +2.08%.
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): 4.3% versus the three-analyst average estimate of 4.3%.
Efficiency Ratio: 66.2% versus the three-analyst average estimate of 66.3%.
Total nonperforming loans: $57.13 million versus the two-analyst average estimate of $39.85 million.
Average Balance - Total interest-earning assets: $9.65 billion versus $9.52 billion estimated by two analysts on average.
Net charge-offs (recoveries) to average loans (annualized): 0% versus 0.2% estimated by two analysts on average.
Total nonperforming assets: $57.13 million versus the two-analyst average estimate of $39.85 million.
Net Interest Income: $102.12 million compared to the $101.97 million average estimate based on three analysts.
Net Interest Income (tax equivalent): $102.21 million versus the three-analyst average estimate of $102.17 million.
Total Non-Interest Income: $6.30 million versus the three-analyst average estimate of $4.43 million.
Shares of Stellar Bancorp have returned -2% over the past month versus the Zacks S&P 500 composite's -3.2% 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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Stellar Bancorp (STEL) Reports Q1 Earnings: What Key Metrics Have to Say
Stellar Bancorp (STEL - Free Report) reported $108.41 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 12.1%. EPS of $0.49 for the same period compares to $0.70 a year ago.
The reported revenue represents a surprise of +1.89% over the Zacks Consensus Estimate of $106.4 million. With the consensus EPS estimate being $0.48, the EPS surprise was +2.08%.
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): 4.3% versus the three-analyst average estimate of 4.3%.
- Efficiency Ratio: 66.2% versus the three-analyst average estimate of 66.3%.
- Total nonperforming loans: $57.13 million versus the two-analyst average estimate of $39.85 million.
- Average Balance - Total interest-earning assets: $9.65 billion versus $9.52 billion estimated by two analysts on average.
- Net charge-offs (recoveries) to average loans (annualized): 0% versus 0.2% estimated by two analysts on average.
- Total nonperforming assets: $57.13 million versus the two-analyst average estimate of $39.85 million.
- Net Interest Income: $102.12 million compared to the $101.97 million average estimate based on three analysts.
- Net Interest Income (tax equivalent): $102.21 million versus the three-analyst average estimate of $102.17 million.
- Total Non-Interest Income: $6.30 million versus the three-analyst average estimate of $4.43 million.
View all Key Company Metrics for Stellar Bancorp here>>>Shares of Stellar Bancorp have returned -2% over the past month versus the Zacks S&P 500 composite's -3.2% 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.