Latest news with #SeacoastBanking
Yahoo
a day ago
- Business
- Yahoo
Frost Bank (CFR) Q2 Earnings: What To Expect
Texas-based financial institution Cullen/Frost Bankers (NYSE:CFR) will be reporting earnings this Thursday morning. Here's what to expect. Frost Bank missed analysts' revenue expectations by 1.1% last quarter, reporting revenues of $540.2 million, up 7.7% year on year. It was a slower quarter for the company, with a significant miss of analysts' net interest income estimates. Is Frost Bank a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Frost Bank's revenue to grow 7.1% year on year to $543.9 million, improving from the 3.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.31 per share. Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 3 upward revisions over the last 30 days (we track 7 analysts). Frost Bank has missed Wall Street's revenue estimates twice over the last two years. Looking at Frost Bank's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. UMB Financial delivered year-on-year revenue growth of 76.7%, beating analysts' expectations by 8.6%, and Seacoast Banking reported revenues up 19.6%, topping estimates by 5%. Seacoast Banking's stock price was unchanged following the results. Read our full analysis of UMB Financial's results here and Seacoast Banking's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 3.4% on average over the last month. Frost Bank is up 5.1% during the same time and is heading into earnings with an average analyst price target of $135.46 (compared to the current share price of $135.06). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
3 days ago
- Business
- Yahoo
Earnings To Watch: First Interstate BancSystem (FIBK) Reports Q2 Results Tomorrow
Regional banking company First Interstate BancSystem (NASDAQ:FIBK) will be announcing earnings results this Tuesday after market hours. Here's what you need to know. First Interstate BancSystem missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $247 million, up 2% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' net interest income estimates and a significant miss of analysts' EPS estimates. Is First Interstate BancSystem a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting First Interstate BancSystem's revenue to grow 3.4% year on year to $252.7 million, a reversal from the 6.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.58 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. First Interstate BancSystem has missed Wall Street's revenue estimates four times over the last two years. Looking at First Interstate BancSystem's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Seacoast Banking delivered year-on-year revenue growth of 19.6%, beating analysts' expectations by 5%, and Atlantic Union Bankshares reported revenues up 86.2%, topping estimates by 12.5%. Seacoast Banking's stock price was unchanged after the resultswhile Atlantic Union Bankshares was down 1.9%. Read our full analysis of Seacoast Banking's results here and Atlantic Union Bankshares's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 4.3% on average over the last month. First Interstate BancSystem is up 5.8% during the same time and is heading into earnings with an average analyst price target of $31.88 (compared to the current share price of $30.50). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
4 days ago
- Business
- Yahoo
NBT Bancorp (NBTB) Reports Q2: Everything You Need To Know Ahead Of Earnings
Regional banking company NBT Bancorp (NASDAQ:NBTB) will be reporting results this Monday after the bell. Here's what to look for. NBT Bancorp beat analysts' revenue expectations by 2.7% last quarter, reporting revenues of $154.7 million, up 10% year on year. It was a strong quarter for the company, with a decent beat of analysts' tangible book value per share estimates and a narrow beat of analysts' net interest income estimates. Is NBT Bancorp a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting NBT Bancorp's revenue to grow 21.4% year on year to $170.5 million, improving from the 15.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.83 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. NBT Bancorp has missed Wall Street's revenue estimates twice over the last two years. Looking at NBT Bancorp's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Atlantic Union Bankshares delivered year-on-year revenue growth of 86.2%, beating analysts' expectations by 12.5%, and Seacoast Banking reported revenues up 19.6%, topping estimates by 5%. Atlantic Union Bankshares traded down 1.9% following the results while Seacoast Banking's stock price was unchanged. Read our full analysis of Atlantic Union Bankshares's results here and Seacoast Banking's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 4% on average over the last month. NBT Bancorp is down 1.2% during the same time and is heading into earnings with an average analyst price target of $49.83 (compared to the current share price of $41.40). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
4 days ago
- Business
- Yahoo
Enterprise Financial Services (EFSC) Reports Earnings Tomorrow: What To Expect
Regional banking company Enterprise Financial Services (NASDAQ:EFSC) will be announcing earnings results this Monday after the bell. Here's what to look for. Enterprise Financial Services beat analysts' revenue expectations by 3.1% last quarter, reporting revenues of $166 million, up 10.8% year on year. It was a strong quarter for the company, with a solid beat of analysts' EPS estimates and a narrow beat of analysts' net interest income estimates. Is Enterprise Financial Services a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Enterprise Financial Services's revenue to grow 5.1% year on year to $164 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.21 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Enterprise Financial Services has missed Wall Street's revenue estimates twice over the last two years. Looking at Enterprise Financial Services's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Atlantic Union Bankshares delivered year-on-year revenue growth of 86.2%, beating analysts' expectations by 12.5%, and Seacoast Banking reported revenues up 19.6%, topping estimates by 5%. Atlantic Union Bankshares traded down 1.9% following the results while Seacoast Banking's stock price was unchanged. Read our full analysis of Atlantic Union Bankshares's results here and Seacoast Banking's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 4% on average over the last month. Enterprise Financial Services's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $65 (compared to the current share price of $55.92). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Butterfield Bank (NTB) Q2 Earnings: What To Expect
Offshore banking group Butterfield Bank (NYSE:NTB) will be announcing earnings results this Monday after the bell. Here's what you need to know. Butterfield Bank beat analysts' revenue expectations by 4.4% last quarter, reporting revenues of $147.8 million, up 3.7% year on year. It was a stunning quarter for the company, with an impressive beat of analysts' net interest income estimates and a solid beat of analysts' EPS estimates. Is Butterfield Bank a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Butterfield Bank's revenue to grow 3.1% year on year to $147.6 million, a reversal from the 2.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Butterfield Bank has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 2.6% on average. Looking at Butterfield Bank's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Atlantic Union Bankshares delivered year-on-year revenue growth of 86.2%, beating analysts' expectations by 12.5%, and Seacoast Banking reported revenues up 19.6%, topping estimates by 5%. Atlantic Union Bankshares traded down 1.9% following the results while Seacoast Banking's stock price was unchanged. Read our full analysis of Atlantic Union Bankshares's results here and Seacoast Banking's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 4% on average over the last month. Butterfield Bank's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $51.75 (compared to the current share price of $44.37). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
