StockStory Flags Earnings and Growth Concerns at Three Banks
The publisher cited slower income growth and weaker profitability trends at TowneBank, Citizens Financial and WaFd in its latest assessment.
Key takeaways
- StockStory pointed to slower five-year growth and rising expenses at TowneBank.
- Citizens Financial's earnings per share were flat over five years as revenue grew.
- WaFd's tangible book value per share is estimated to fall 2.8% over the next 12 months.
StockStory highlighted concerns at TowneBank, Citizens Financial Group and WaFd, citing growth and profitability measures in its assessment of the three banks. The publisher also said the banking industry returned 2.5% over the past six months, trailing the S&P 500 by 15 percentage points.
For TowneBank, StockStory noted annual sales growth of 5.6% over five years and said its efficiency ratio rose by 16.1 percentage points. Earnings per share grew 1.3% annually over that period, slower than revenue, according to the publisher.
At Citizens Financial, net interest income grew 6.6% annually over five years, while earnings per share were flat as revenue increased. The publisher also cited annual tangible book value per share growth of 2.3%.
StockStory said WaFd's net interest income grew 7.4% annually over five years. It also pointed to flat earnings per share alongside revenue growth over the past two years and an estimated 2.8% decline in tangible book value per share over the next 12 months.
At the Oct. 6 close, TowneBank shares were $35.41, Citizens Financial shares were $64.09 and WaFd shares were $29.92.
This article was produced with the help of AI technology. Source: Yahoo Finance
