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Compared to Estimates, Farmers National (FMNB) Q2 Earnings: A Look at Key Metrics
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Farmers National Banc (FMNB - Free Report) reported $41.67 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 5.4%. EPS of $0.33 for the same period compares to $0.41 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $42.15 million, representing a surprise of -1.13%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.33.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Farmers National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 60.8% versus the two-analyst average estimate of 61.3%.
Net Interest Margin: 2.7% versus the two-analyst average estimate of 2.7%.
Average Earning Assets [$M]: $4.83 billion versus $4.84 billion estimated by two analysts on average.
NCOs/ Average Loans: 0.1% versus the two-analyst average estimate of 0.1%.
Total Noninterest Income: $9.61 million versus the two-analyst average estimate of $10.05 million.
Shares of Farmers National have returned +26.7% over the past month versus the Zacks S&P 500 composite's +1.8% 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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Compared to Estimates, Farmers National (FMNB) Q2 Earnings: A Look at Key Metrics
Farmers National Banc (FMNB - Free Report) reported $41.67 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 5.4%. EPS of $0.33 for the same period compares to $0.41 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $42.15 million, representing a surprise of -1.13%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.33.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Farmers National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 60.8% versus the two-analyst average estimate of 61.3%.
- Net Interest Margin: 2.7% versus the two-analyst average estimate of 2.7%.
- Average Earning Assets [$M]: $4.83 billion versus $4.84 billion estimated by two analysts on average.
- NCOs/ Average Loans: 0.1% versus the two-analyst average estimate of 0.1%.
- Total Noninterest Income: $9.61 million versus the two-analyst average estimate of $10.05 million.
View all Key Company Metrics for Farmers National here>>>Shares of Farmers National have returned +26.7% over the past month versus the Zacks S&P 500 composite's +1.8% 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.