BankUnited IncBankUnited missed revenue estimates by 5.1%, the weakest performer.
Regional banks reported mixed fourth-quarter results, with aggregate revenues in line with analyst expectations, yet share prices across the 96 tracked companies have risen an average of 9.2% since the reports. TowneBank posted revenues of $219.9 million, up 24.2% year-on-year but missing estimates by 1.1%, while UMB Financial delivered the segment's strongest beat with revenues of $744.8 million, up 29.3% and exceeding forecasts by 5.4%. BankUnited was the weakest performer, with revenues of $273.8 million, up 6.1% but falling short of expectations by 5.1%. Other notable results included Live Oak Bancshares, which topped revenue estimates by 1.3% with $151.1 million, and Citizens Financial Group, which reported $2.17 billion in line with consensus.
BankUnited IncBankUnited missed revenue estimates by 5.1%, the weakest performer.
Live Oak Bancshares, Inc.Live Oak Bancshares topped revenue estimates by 1.3%.
Towne BankTowneBank missed revenue estimates by 1.1% despite year-on-year growth.
UMB Financial CorporationUMB Financial delivered the strongest beat, exceeding forecasts by 5.4%.
Citizens Financial Group, Inc.Citizens Financial reported revenues in line with consensus, no surprise.