FB Financial Q4 Adj. EPS $0.77 Beats $0.70 Estimate, Sales $116.43M Miss $122.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
FB Financial (NYSE:FBK) reported Q4 adjusted EPS of $0.77, surpassing the consensus estimate of $0.70, but experienced a 9.41% decrease from the previous year's $0.85. Quarterly sales were $116.43M, falling short of the $122.39M estimate and down 11.49% from last year's $131.54M.
January 16, 2024 | 11:03 am
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NEUTRAL IMPACT
FB Financial's Q4 earnings surpassed estimates but showed a year-over-year decline in both EPS and sales, indicating mixed financial performance.
While FB Financial beat EPS estimates, the year-over-year decline in both EPS and sales may concern investors. The mixed results could lead to neutral short-term stock price movement as positive earnings surprises are offset by lower sales and a decrease in earnings compared to the previous year.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100