BankUnited IncRevenue missed estimates by 5.1%, indicating weaker financial performance.
Regional bank stocks delivered a mixed first quarter, with the 91 companies tracked reporting revenues in line with analyst expectations. First Hawaiian Bank posted revenue of $220.3 million, up 4.4% year on year, matching estimates. UMB Financial was the standout, with revenue of $744.8 million, up 29.3% and beating expectations by 5.4%, while BankUnited was the weakest, with revenue of $273.8 million, up 6.1% but missing estimates by 5.1%. Fifth Third Bancorp reported revenue of $2.86 billion, up 32.2%, in line with expectations, and City Holding posted revenue of $79.49 million, up 6.4%, also meeting estimates. Despite the mixed results, share prices have been resilient, rising 7.6% on average since the earnings reports.
BankUnited IncRevenue missed estimates by 5.1%, indicating weaker financial performance.
UMB Financial CorporationRevenue beat expectations by 5.4% with strong growth.
City Holding CompanyRevenue met estimates, but no strong positive or negative signal.
First Hawaiian IncRevenue matched estimates, no standout performance.
Fifth Third BancorpRevenue in line with expectations, no surprise.