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Farmers National (FMNB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2024, Farmers National Banc (FMNB - Free Report) reported revenue of $40.04 million, down 14.9% over the same period last year. EPS came in at $0.34, compared to $0.44 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $42.46 million, representing a surprise of -5.68%. The company delivered an EPS surprise of +3.03%, with the consensus EPS estimate being $0.33.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Farmers National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 61.5% versus 61.4% estimated by three analysts on average.
Net Interest Margin: 2.7% versus the three-analyst average estimate of 2.7%.
Average Earning Assets [$M]: $4.80 billion versus $4.86 billion estimated by three analysts on average.
NCOs/ Average Loans: 0.1% versus the two-analyst average estimate of 0.1%.
Total Noninterest Income: $8.36 million versus the three-analyst average estimate of $9.97 million.
Service charges on deposit accounts: $1.58 million versus the two-analyst average estimate of $1.75 million.
Trust fees: $2.79 million versus the two-analyst average estimate of $2.84 million.
Net Interest Income: $31.69 million versus the two-analyst average estimate of $32.23 million.
Shares of Farmers National have returned -0.9% over the past month versus the Zacks S&P 500 composite's -3% 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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Farmers National (FMNB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2024, Farmers National Banc (FMNB - Free Report) reported revenue of $40.04 million, down 14.9% over the same period last year. EPS came in at $0.34, compared to $0.44 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $42.46 million, representing a surprise of -5.68%. The company delivered an EPS surprise of +3.03%, with the consensus EPS estimate being $0.33.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Farmers National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 61.5% versus 61.4% estimated by three analysts on average.
- Net Interest Margin: 2.7% versus the three-analyst average estimate of 2.7%.
- Average Earning Assets [$M]: $4.80 billion versus $4.86 billion estimated by three analysts on average.
- NCOs/ Average Loans: 0.1% versus the two-analyst average estimate of 0.1%.
- Total Noninterest Income: $8.36 million versus the three-analyst average estimate of $9.97 million.
- Service charges on deposit accounts: $1.58 million versus the two-analyst average estimate of $1.75 million.
- Trust fees: $2.79 million versus the two-analyst average estimate of $2.84 million.
- Net Interest Income: $31.69 million versus the two-analyst average estimate of $32.23 million.
View all Key Company Metrics for Farmers National here>>>Shares of Farmers National have returned -0.9% over the past month versus the Zacks S&P 500 composite's -3% 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.