Preferred Bank (PFBC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

For the quarter ended September 2024, Preferred Bank (PFBC) reported revenue of $72.31 million, down 4.8% over the same period last year. EPS came in at $2.46, compared to $2.71 in the year-ago quarter.The reported revenue represents a surprise of +5.10% over the Zacks Consensus Estimate of $68.8 million. With the consensus EPS estimate being $2.39, the EPS surprise was +2.93%.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.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 Preferred Bank performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 30.6% compared to the 29.2% average estimate based on three analysts. Net Interest Margin: 4.1% compared to the 3.9% average estimate based on three analysts. Net charge-offs to average loans: 0% versus the two-analyst average estimate of 0.3%. Average Interest-Earning Assets: $6.68 billion compared to the $6.78 billion average estimate based on two analysts. Net interest income before provision for credit losses: $68.85 million versus the three-analyst average estimate of $65.81 million. Total noninterest income: $3.46 million compared to the $3.26 million average estimate based on three analysts. View all Key Company Metrics for Preferred Bank here>>>Shares of Preferred Bank have returned +2.9% over the past month versus the Zacks S&P 500 composite's +4.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Preferred Bank (PFBC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks