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Farmers National (FMNB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2023, Farmers National Banc (FMNB - Free Report) reported revenue of $44.03 million, up 6.9% over the same period last year. EPS came in at $0.41, compared to $0.49 in the year-ago quarter.
The reported revenue represents a surprise of -6.06% over the Zacks Consensus Estimate of $46.87 million. With the consensus EPS estimate being $0.42, the EPS surprise was -2.38%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Farmers National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 56.28% versus 54.29% estimated by three analysts on average.
Average Earning Assets [$M]: $4.83 billion versus the three-analyst average estimate of $4.87 billion.
Net Interest Margin: 2.92% versus 3% estimated by three analysts on average.
NCOs/ Average Loans: 0.1% versus 0.13% estimated by two analysts on average.
Total Noninterest Income: $9.45 million versus the three-analyst average estimate of $10.23 million.
Service charges on deposit accounts: $1.50 million compared to the $1.26 million average estimate based on two analysts.
Net Interest Income ( tax-equivalent ): $35.27 million compared to the $36.56 million average estimate based on two analysts.
Trust fees: $2.25 million compared to the $2.90 million average estimate based on two analysts.
Shares of Farmers National have returned +11% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Farmers National (FMNB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2023, Farmers National Banc (FMNB - Free Report) reported revenue of $44.03 million, up 6.9% over the same period last year. EPS came in at $0.41, compared to $0.49 in the year-ago quarter.
The reported revenue represents a surprise of -6.06% over the Zacks Consensus Estimate of $46.87 million. With the consensus EPS estimate being $0.42, the EPS surprise was -2.38%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Farmers National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 56.28% versus 54.29% estimated by three analysts on average.
- Average Earning Assets [$M]: $4.83 billion versus the three-analyst average estimate of $4.87 billion.
- Net Interest Margin: 2.92% versus 3% estimated by three analysts on average.
- NCOs/ Average Loans: 0.1% versus 0.13% estimated by two analysts on average.
- Total Noninterest Income: $9.45 million versus the three-analyst average estimate of $10.23 million.
- Service charges on deposit accounts: $1.50 million compared to the $1.26 million average estimate based on two analysts.
- Net Interest Income ( tax-equivalent ): $35.27 million compared to the $36.56 million average estimate based on two analysts.
- Trust fees: $2.25 million compared to the $2.90 million average estimate based on two analysts.
View all Key Company Metrics for Farmers National here>>>Shares of Farmers National have returned +11% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.