Compared to Estimates, First Financial (FFIN) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, First Financial Bankshares (FFIN) reported revenue of $137.11 million, up 6.5% over the same period last year. EPS came in at $0.37, compared to $0.36 in the year-ago quarter.
The reported revenue represents a surprise of +2.25% over the Zacks Consensus Estimate of $134.1 million. With the consensus EPS estimate being $0.37, the company has not delivered EPS surprise.
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 First Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Efficiency ratio: 47.4% versus the two-analyst average estimate of 47.8%.
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Net Interest Margin: 3.5% versus the two-analyst average estimate of 3.4%.
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Net Interest Income: $103.27 million versus the two-analyst average estimate of $100.60 million.
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Net Interest Income (FTE): $105.85 million compared to the $103.35 million average estimate based on two analysts.
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Total Noninterest Income: $31.27 million versus $30.75 million estimated by two analysts on average.
View all Key Company Metrics for First Financial here>>>
Shares of First Financial have returned +24.5% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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First Financial Bankshares, Inc. (FFIN) : Free Stock Analysis Report