PCB Bancorp (PCB) Beats Q2 Earnings Estimates

Company Overview - Finance of America Companies Inc. is expected to report revenues of $66 million, reflecting a 159% increase from the same quarter last year [1] - PCB Bancorp reported revenues of $24.22 million for the quarter ended June 2024, which was a 3.51% miss compared to the Zacks Consensus Estimate and a slight decrease from $24.37 million year-over-year [3] - PCB Bancorp's quarterly earnings were $0.43 per share, surpassing the Zacks Consensus Estimate of $0.39 per share, but down from $0.52 per share a year ago [8] Earnings Performance - Finance of America Companies Inc. is anticipated to release its quarterly results on August 6, 2024 [7] - PCB Bancorp has only surpassed consensus EPS estimates once in the last four quarters [9] - The current consensus EPS estimate for PCB Bancorp is $0.44 on revenues of $25.9 million for the upcoming quarter and $1.58 on revenues of $100.9 million for the current fiscal year [6] Market Performance - PCB Bancorp shares have increased by approximately 0.1% since the beginning of the year, while the S&P 500 has gained 13.8% [4] - The estimate revisions trend for PCB Bancorp is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [12] Industry Context - The Zacks Industry Rank for Banks - Southwest places it in the top 42% of over 250 Zacks industries, suggesting that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [13]