Suruga Bank (SUGBY) Projected to Post Quarterly Earnings on Thursday

Key Points

• Suruga Bank is expected to release quarterly results on Thursday, May 14, with analysts forecasting EPS of $1.17 and revenue of $163.14 million.
• In the prior quarter (reported Feb. 12) the bank posted $3.08 EPS, topping estimates by $0.42, with $112.75 million in revenue, a 9.01% return on equity and a 27.03% net margin.
• The stock opened at $80.02, sits in a 52‑week range of $45.82–$80.02, and has a market capitalization of $1.37 billion with a P/E ratio of 8.20.

Suruga Bank (OTCMKTS:SUGBY - Get Free Report) will likely be releasing its resultson Thursday, May 14th. Analysts expect Suruga Bank to post earnings of $1.17 per share and revenue of $163.14 million for the quarter.

Suruga Bank (OTCMKTS:SUGBY - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $3.08 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.42. Suruga Bank had a return on equity of 9.01% and a net margin of 27.03%.The company had revenue of $112.75 million during the quarter.

Suruga Bank Stock Performance

Suruga Bank stock opened at $80.02 on Thursday. Suruga Bank has a 52 week low of $45.82 and a 52 week high of $80.02. The stock has a market capitalization of $1.37 billion, a P/E ratio of 8.20 and a beta of -0.03. The stock has a fifty day moving average of $80.02 and a 200-day moving average of $80.02.

About Suruga Bank

Suruga Bank Ltd. is a regional financial institution headquartered in Shizuoka City, Shizuoka Prefecture, Japan. Established in the mid-20th century, the bank has built a reputation for serving both individual and corporate customers in its home region and beyond. As a member of Concordia Financial Group, Suruga Bank leverages group-wide resources to enhance its product offerings and operational capabilities.

The bank's core business activities encompass a broad range of commercial and retail banking services.

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