Revenue: USD 50.3 million (up 6.8% from Q3 2023).
Net profit: USD 8.91 million (up 14% from Q3 2023).
Margin: 18% (up from 17% in Q3 2023). The increase in margin was driven by an increase in revenue.
EPS: USD 0.30 (up from USD 0.26 in Q3 2023).
Profit and revenue growth
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Sales exceeded analysts’ expectations by 8.2%. Earnings per share (EPS) also exceeded analyst estimates by 62%.
Looking ahead, revenues are expected to increase by an average of 11% per year over the next three years, compared to a growth forecast of 6.7% for the U.S. banking industry.
Performance of the American banking industry.
The company’s stock price is almost unchanged from a week ago.
You should always think about risk. Case in point: We’ve discovered 2 warning signs for Flushing Financial you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
