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PCB Bancorp (PCB) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, PCB Bancorp (PCB - Free Report) reported revenue of $24.95 million, down 8.3% over the same period last year. EPS came in at $0.49, compared to $0.46 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $24.7 million, representing a surprise of +1.02%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.49.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how PCB Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Balance - Total interest-earning assets: $2.50 billion versus $2.51 billion estimated by two analysts on average.
Net Interest Margin: 3.6% versus 3.4% estimated by two analysts on average.
Efficiency ratio: 56.9% compared to the 56% average estimate based on two analysts.
Total Non interest Income: $2.50 million versus $2.98 million estimated by two analysts on average.
Net Interest Income: $22.45 million compared to the $21.73 million average estimate based on two analysts.
Shares of PCB Bancorp have returned -2.8% over the past month versus the Zacks S&P 500 composite's -1.6% 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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PCB Bancorp (PCB) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, PCB Bancorp (PCB - Free Report) reported revenue of $24.95 million, down 8.3% over the same period last year. EPS came in at $0.49, compared to $0.46 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $24.7 million, representing a surprise of +1.02%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.49.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how PCB Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Balance - Total interest-earning assets: $2.50 billion versus $2.51 billion estimated by two analysts on average.
- Net Interest Margin: 3.6% versus 3.4% estimated by two analysts on average.
- Efficiency ratio: 56.9% compared to the 56% average estimate based on two analysts.
- Total Non interest Income: $2.50 million versus $2.98 million estimated by two analysts on average.
- Net Interest Income: $22.45 million compared to the $21.73 million average estimate based on two analysts.
View all Key Company Metrics for PCB Bancorp here>>>Shares of PCB Bancorp have returned -2.8% over the past month versus the Zacks S&P 500 composite's -1.6% 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.