Regional Banks Q3 Earnings Mixed as First Bancorp Revenue Beats Estimates

Earnings

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Summary · why it matters

Regional bank stocks reported mixed third-quarter results, with revenues for the 97 companies tracked coming in line with analyst consensus estimates. First Bancorp posted revenue of $117.9 million, up 21.1% year on year and exceeding expectations by 3.6%, while UMB Financial delivered the biggest beat among peers with revenue of $744.8 million, up 29.3% and topping estimates by 5.4%. BankUnited was the weakest performer, with revenue of $273.8 million missing estimates by 5.1%. Commerce Bancshares reported revenue of $478.1 million, up 11.1% and meeting expectations, and Hilltop Holdings posted revenue of $301.3 million, up 5.4% and in line with estimates. Share prices of the group have held steady, rising 3.6% on average since the latest earnings results.

BankUnited Inc ▼

First Bancorp ▲

UMB Financial Corporation ▲

Commerce Bancshares Inc ±

Hilltop Holdings Inc ±

Impact on stocks 6

Financials± Mixed · 6 stocks

▼ NegativeCapitalrelevance

Revenue missed estimates by 5.1%, the weakest performer among peers.

▲ PositiveCapitalrelevance

Revenue beat estimates by 3.6%, up 21.1% year on year.

UMB Financial Corporation

▲ PositiveCapitalrelevance

Revenue beat estimates by 5.4%, the biggest beat among peers, up 29.3% year on year.

Commerce Bancshares Inc

± MixedCapitalrelevance

Revenue met expectations, up 11.1% year on year, but no beat or miss.

Hilltop Holdings Inc

± MixedCapitalrelevance

Revenue in line with estimates, up 5.4% year on year.

First Bancorp Inc

Mentioned