Here's What Key Metrics Tell Us About Peoples Bancorp (PEBO) Q3 Earnings
Peoples Bancorp (PEBO) reported $116.91 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 33.2%. EPS of $1.06 for the same period compares to $0.93 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $110.95 million, representing a surprise of +5.37%. The company delivered an EPS surprise of +17.78%, with the consensus EPS estimate being $0.90.
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 Peoples Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio: 58.4% versus 57.5% estimated by three analysts on average.
Net Interest Margin: 4.7% compared to the 4.5% average estimate based on three analysts.
Net charge-offs to average loans: 0.2% versus 0.2% estimated by two analysts on average.
Mortgage Banking Income: $0.24 million versus the three-analyst average estimate of $0.20 million.
Total Non-interest income: $23.20 million versus $22.95 million estimated by two analysts on average.
Electronic banking income: $6.47 million versus $6.65 million estimated by two analysts on average.
Bank owned life insurance: $1.38 million compared to the $0.87 million average estimate based on two analysts.
Insurance income: $4.25 million versus the two-analyst average estimate of $3.76 million.
Deposit account service charges: $4.52 million versus the two-analyst average estimate of $4.35 million.
Net Interest Income (FTE): $93.71 million versus $89.53 million estimated by two analysts on average.
Trust and investment income: $4.29 million versus $4.51 million estimated by two analysts on average.
View all Key Company Metrics for Peoples Bancorp here>>>
Shares of Peoples Bancorp have returned -0.6% over the past month versus the Zacks S&P 500 composite's -2.3% 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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Peoples Bancorp Inc. (PEBO) : Free Stock Analysis Report
