Regional banking company FB Financial (NYSE:FBK) will be announcing earnings results this Tuesday morning. Here’s what investors should know.
FB Financial missed analysts’ revenue expectations last quarter, reporting revenues of $175.9 million, up 27.5% year on year. It was a slower quarter for the company, with a miss of analysts’ EPS estimates and a miss of analysts’ tangible book value per share 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 3.1% year on year, slowing from the 34.3% 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, the whole sector has been hit hard over the last month as stocks in FB Financial’s peer group are down 7.4% on average. FB Financial is down 4.8% during the same time .
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