Overview
US regional bank's Q1 net income rose yr/yr
Earnings per share for Q1 increased to $1.80 from $1.42 yr/yr
UB Community Development generated $2.3 mln in NMTC revenues
Outlook
Company did not provide specific guidance or outlook for future quarters in press release
Result Drivers
NMTC REVENUE - UB Community Development generated $2.3 mln in New Markets Tax Credit revenues
Company press release: ID:nPnxJXmza
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.80
Q1 Net Income
$5.40 mln
Analyst Coverage
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)