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Premier Financial (PFC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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Premier Financial (PFC - Free Report) reported $107.34 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 46.1%. EPS of $0.68 for the same period compares to $0.63 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $69.37 million, representing a surprise of +54.74%. The company delivered an EPS surprise of +23.64%, with the consensus EPS estimate being $0.55.
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 Premier Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio: 41.45% versus the three-analyst average estimate of 57.71%.
Net Interest Margin: 2.72% versus 2.8% estimated by three analysts on average.
Total interest-earning assets: $7.95 billion compared to the $7.79 billion average estimate based on two analysts.
Total Non Interest Income: $53.35 million compared to the $14.81 million average estimate based on three analysts.
Tax-equivalent Net Interest Income: $54.06 million versus the three-analyst average estimate of $54.55 million.
Other noninterest income: $0.10 million versus the two-analyst average estimate of $0.33 million.
Wealth management income: $1.54 million versus the two-analyst average estimate of $1.51 million.
Service fees and other charges: $7.19 million versus the two-analyst average estimate of $6.61 million.
Mortgage Banking Income: $2.94 million compared to the $1.77 million average estimate based on two analysts.
Insurance commissions: $4.13 million versus $4.01 million estimated by two analysts on average.
Income from bank owned life insurance: $1.02 million versus the two-analyst average estimate of $1.16 million.
Shares of Premier Financial have returned +17.3% over the past month versus the Zacks S&P 500 composite's +4.9% 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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Premier Financial (PFC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Premier Financial (PFC - Free Report) reported $107.34 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 46.1%. EPS of $0.68 for the same period compares to $0.63 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $69.37 million, representing a surprise of +54.74%. The company delivered an EPS surprise of +23.64%, with the consensus EPS estimate being $0.55.
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 Premier Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency ratio: 41.45% versus the three-analyst average estimate of 57.71%.
- Net Interest Margin: 2.72% versus 2.8% estimated by three analysts on average.
- Total interest-earning assets: $7.95 billion compared to the $7.79 billion average estimate based on two analysts.
- Total Non Interest Income: $53.35 million compared to the $14.81 million average estimate based on three analysts.
- Tax-equivalent Net Interest Income: $54.06 million versus the three-analyst average estimate of $54.55 million.
- Other noninterest income: $0.10 million versus the two-analyst average estimate of $0.33 million.
- Wealth management income: $1.54 million versus the two-analyst average estimate of $1.51 million.
- Service fees and other charges: $7.19 million versus the two-analyst average estimate of $6.61 million.
- Mortgage Banking Income: $2.94 million compared to the $1.77 million average estimate based on two analysts.
- Insurance commissions: $4.13 million versus $4.01 million estimated by two analysts on average.
- Income from bank owned life insurance: $1.02 million versus the two-analyst average estimate of $1.16 million.
View all Key Company Metrics for Premier Financial here>>>Shares of Premier Financial have returned +17.3% over the past month versus the Zacks S&P 500 composite's +4.9% 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.