Bank Stocks Q4 Earnings Due On Jan 27: TCF, BOH, CSFL, SSB
Zacks Investment Research | Jan 23, 2020 08:40PM ET
The earnings season has gotten off to a decent start with banks reporting modest improvement in earnings and revenues despite a tough operating backdrop.
Results so far indicate slightly higher net interest income (NII) on the back of decent loan demand (mainly in real estate and consumer loan portfolios). Further, fee income showed strength, driven by improvement in mortgage banking business, strong capital markets performance and resilient U.S. consumers.
Nonetheless, as expected, net interest margin – one of the major indicators of banks’ profitability – was subdued in the quarter largely due to lower interest rates and flattening of the yield curve. Also, increased investments in technology to boost digital offerings, business streamlining efforts and initiatives to expand into newer areas resulted in marginally higher operating expenses.
Per the latest .
Bank of Hawaii (NYSE:BOH) is set to report results before the opening bell. The Zacks Consensus Estimate for earnings is pegged at $1.36 per share, indicating 4.6% rise from the year-ago reported figure.
Also, the consensus estimate for sales of $173 million suggests 4.2% growth. Estimates for NII of $124 million indicate 1.6% rise and the same for non-interest income of $49 million implies 16.4% jump.
Similar to TCF Financial, the chances of the company surpassing the Zacks Consensus Estimate for earnings is high as it has a Zacks Rank #2 (Buy) and Earnings ESP of +0.37%.
CenterState Bank Corporation (NASDAQ:CSFL) is slated to announce results after market close. The company is expected to have recorded a fall in earnings, while revenues are likely to have increased.
The Zacks Consensus Estimate for earnings of 52 cents suggests a decline of 3.7%. The consensus estimate for sales of $196.8 million indicates 32.9% rise.
We can’t conclusively predict whether CenterState Bank will be able to beat the Zacks Consensus Estimate for earnings this time. It has a Zacks Rank #2 and Earnings ESP of 0.00%.
South State Corporation (NASDAQ:SSB) , set to announce results after market close, is expected to have witnessed growth in earnings and revenues in the to-be-reported quarter. The Zacks Consensus Estimate for earnings of $1.43 per share suggests growth of 5.9% from the year-ago reported number.
Get The News You Want
The consensus estimate for sales of $162.2 million indicates a slight rise. Specifically, estimates for NII of $127 million suggest nearly 1% rise, while the same of $35.4 million for non-interest income indicates 0.7% fall.
We can’t conclusively predict whether South State Corporation will beat the Zacks Consensus Estimate for earnings this time. It has a Zacks Rank #3 and Earnings ESP of -0.70%.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.