EVBN Earnings

EVBN reported its FY2024Q3 earnings on 2024-10-31, showcasing a revenue of 18.04M against an estimate of 16.68M, resulting in a 8.14% surprise. The EPS was 0.53, surpassing the expected 0.4 by 32.5% . The stock experienced a -0.7% price change on the earnings day and a 7.89% change over the next five days, reflecting market reactions to the results.

Following EVBN's FY2024Q3 earnings announcement on 2024-10-31, the stock price moved by -0.70% on the day of the release. Over the subsequent five days, it saw a 7.89% change. Historically, EVBN's stock price tends to shift by an average of -1.70% in the 10 days leading up to earnings and -1.77% in the 10 days following, providing insight into potential market.

For 2025/Q1, analysts estimate EVBN’s annual revenue to reach 17.96M, while the EPS is projected at 0.58. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by 0% and EPS estimates No Change by 0% over the past three months, indicating analyst expectation in the company’s performance.

The correlation between EVBN's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for FY2025 were No Change by 0%, while EPS estimates moved No Change by 0% . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, EVBN's stock price typically moves by -1.70% in the 10 days before its earnings and -1.77% in the 10 days after. For the upcoming 2025/Q1 earnings, analysts expect an EPS of 0.58 and revenue of 17.96M.

The earnings call reveals declining earnings and net interest income, with a projected decrease in net interest margin. Despite a slight improvement in criticized loans, the absence of TEA-related gains negatively impacts non-interest income. The Q&A section highlights uncertainties in stock buybacks and a lack of detailed guidance on NIM. The company's cautious capital management approach and flat balance sheet outlook suggest limited growth potential. Overall, these factors contribute to a negative sentiment, likely leading to a stock price decline of -2% to -8% over the next two weeks.