These three U.S. banks are scheduled to report their first quarter earnings for 2014 today. Below is a preview of their key earning metrics, based on consensus estimates of analysts polled by Bloomberg. We have also provided analysts’ consensus buy ratings for these stocks with upside potential for the upcoming 12-months.
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Park National Corporation (NYSE: PRK) is a multi-bank holding company. The Banks provide a variety of financial services, including savings and time accounts, consumer and real estate lending, safe deposit operations, and electronic funds transfers. Park National operates in Ohio. PRK is scheduled to release its first quarter earnings for 2014 today (April 17, 2014).
As per analysts’ consensus estimates polled by Bloomberg, first quarter net sales for BANF are estimated at $71.6 million, down 4% over the same quarter last year, while the net income is expected to decline 10% Y-o-Y during the quarter. EPS is seen at $1.21 per share. The bank is estimated to provide a dividend of 94 cents for the first quarter.
Total Analyst Coverage
4
Hold Ratings
75%
Upside Potential
8.6%
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Arrow Financial Corporation (NASDAQ: AROW) is a multi-bank holding company for Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. The Banks offer a variety of commercial and consumer financial products through offices located in upstate New York. AROW will release its first quarter earnings for 2014 today (April 17, 2014).
As per analysts’ consensus estimates polled by Bloomberg, second quarter net income for AROW are forecasted to grow 9% to $5.66 million compared to $5.18 million reported during the same quarter last year. EPS is seen growing by 6% to 45 cents per share. It is expected that the bank will declare a quarterly dividend of 25 cents for the first quarter of 2014.
Total Analyst Coverage
3
Hold Ratings
100%
Upside Potential
3.9%
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Horizon Bancorp Indiana (NASDAQ: HBNC) is the holding company for Horizon Bank, N.A. and its wholly-owned subsidiaries. The Bank and its subsidiaries provide commercial and retail banking, investment management services, commercial and personal property and casualty insurance services, retail lending, and insurance credit life sales. Horizon Bank operates in LaPorte and Porter counties, Indiana. HBNC will release its first quarter earnings for 2014 today (April 17, 2014).
As per analysts’ consensus estimates polled by Bloomberg, first quarter net sales for HBNC are seen declining to $20.03 million from $23.47 million reported during the first quarter last year. Net income is also expected to decline 27% to $3.76 million during the quarter, while EPS is seen at 42 cents during the period. A quarterly dividend of 11 cents is expected for the first quarter of 2014.
Total Analyst Coverage
5
Hold Ratings
60%
Upside Potential
12.2%
