Wall Street analysts forecast that FB Financial (FBK) will report quarterly earnings of $1.21 per share in its upcoming release, pointing to a year-over-year increase of 13.1%. It is anticipated that revenues will amount to $180.14 million, exhibiting an increase of 3.6% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific FB Financial metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Core Efficiency Ratio' stands at 53.1%. Compared to the current estimate, the company reported 53.3% in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Net Interest Margin' of 3.9%. The estimate compares to the year-ago value of 4.0%.
Analysts' assessment points toward 'Average Earning Assets' reaching $15.68 billion. The estimate is in contrast to the year-ago figure of $14.87 billion.
Based on the collective assessment of analysts, 'Total Noninterest income' should arrive at $27.40 million. The estimate compares to the year-ago value of $26.64 million.
Analysts predict that the 'Mortgage banking income' will reach $12.53 million. The estimate is in contrast to the year-ago figure of $13.48 million.
The consensus among analysts is that 'Net interest income (tax-equivalent basis)' will reach $153.91 million. The estimate is in contrast to the year-ago figure of $148.09 million.
Analysts forecast 'Service charges on deposit accounts' to reach $4.50 million. The estimate compares to the year-ago value of $4.05 million.
It is projected by analysts that the 'Net Interest Income' will reach $152.48 million. Compared to the current estimate, the company reported $147.24 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'ATM and interchange fees' will likely reach $3.38 million. The estimate compares to the year-ago value of $3.39 million.
Analysts expect 'Investment services and trust income' to come in at $4.57 million. The estimate compares to the year-ago value of $4.23 million.
View all Key Company Metrics for FB Financial here>>>Over the past month, FB Financial shares have recorded returns of -4.4% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #2 (Buy), FBK will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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