FB Financial (FBK) To Report Earnings Tomorrow: Here Is What To Expect
Regional banking company FB Financial (NYSE:FBK) will be reporting results this Monday after market hours. Here’s what investors should know.
FB Financial missed analysts’ revenue expectations last quarter, reporting revenues of $172.7 million, up 30.8% year on year. It was a softer quarter for the company, with a miss of analysts’ net interest income estimates and a narrow beat of analysts’ EPS estimates.
Is FB Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting FB Financial’s revenue to grow 28.4% year on year, improving from the 8.6% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. FB Financial has missed Wall Street’s revenue estimates multiple times over the last two years.
With FB Financial being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 2.5% on average over the last month. FB Financial is up 2.9% during the same time .
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