Suruga Bank (OTCMKTS:SUGBY) Releases Quarterly Earnings Results, Beats Expectations By $0.35 EPS

Key Points

• Suruga Bank reported a strong quarterly performance with earnings per share (EPS) of $2.09, exceeding the consensus estimate of $1.74 by $0.35.
• The bank achieved a net margin of 19.87% and a return on equity of 7.07%, alongside a revenue of $176.53 million during the quarter.
• Shares of Suruga Bank opened at $80.02, marking a stable valuation with a market cap of $1.58 billion and a P/E ratio of 11.78.

Suruga Bank (OTCMKTS:SUGBY - Get Free Report) posted its earnings results on Thursday. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.74 by $0.35, Zacks reports. Suruga Bank had a net margin of 19.87% and a return on equity of 7.07%. The firm had revenue of $176.53 million during the quarter.

Suruga Bank Price Performance

Shares of OTCMKTS SUGBY opened at $80.02 on Friday. The firm has a 50-day moving average of $80.02 and a 200 day moving average of $76.89. Suruga Bank has a 1 year low of $45.82 and a 1 year high of $80.02. The stock has a market cap of $1.58 billion, a P/E ratio of 11.78 and a beta of -0.07.

Suruga Bank Company Profile

Suruga Bank Ltd. provides various banking and financial products and services to individuals and corporate customers in Japan. The company offers deposit products, such as time, ordinary, savings, foreign currency, and other deposits, as well as current and general accounts; card, housing, second house, startup, and business up term loans, as well as loans by purpose; credit and debit cards; overdrafts; and other financing products.

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