Eagle Bancorp (EGBN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2023, Eagle Bancorp (EGBN) reported revenue of $77.07 million, down 13.6% over the same period last year. EPS came in at $0.91, compared to $1.16 in the year-ago quarter.
The reported revenue represents a surprise of +4.18% over the Zacks Consensus Estimate of $73.98 million. With the consensus EPS estimate being $0.74, the EPS surprise was +22.97%.
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 Eagle Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 2.4% compared to the 2.4% average estimate based on two analysts.
Efficiency Ratio: 48.8% compared to the 51.3% average estimate based on two analysts.
Total noninterest income: $6.35 million versus $5.12 million estimated by two analysts on average.
Net Interest Income: $70.72 million compared to the $68.86 million average estimate based on two analysts.
View all Key Company Metrics for Eagle Bancorp here>>>
Shares of Eagle Bancorp have returned -16.6% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Eagle Bancorp, Inc. (EGBN) : Free Stock Analysis Report
