Central Bancompany Reports Strong Q4 Earnings Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19h ago
0mins
Source: NASDAQ.COM
- Net Income Growth: Central Bancompany's fourth-quarter net income surged to $107.59 million, or $0.47 per share, from $61.89 million and $0.28 per share a year earlier, indicating a significant enhancement in profitability.
- Adjusted Net Income: Excluding one-time items, adjusted net income stood at $107.59 million, or $0.47 per share, compared to $91.78 million and $0.42 per share in the prior-year period, showcasing sustained growth potential in earnings.
- Increase in Net Interest Income: The fourth-quarter net interest income rose from $182.41 million last year to $206.46 million, reflecting a notable improvement in revenue generation capabilities amid a favorable interest rate environment, further solidifying its market position.
- Rise in Credit Loss Provisions: Provisions for credit losses totaled $3.02 million, up from $2.62 million in the fourth quarter of last year, indicating the company's cautious approach towards potential credit risks, ensuring financial stability.
Analyst Views on CBC
Wall Street analysts forecast CBC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CBC is 26.60 USD with a low forecast of 23.40 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 24.580
Low
23.40
Averages
26.60
High
29.00
Current: 24.580
Low
23.40
Averages
26.60
High
29.00
About CBC
Central Bancompany, Inc. is a holding company. The Company serves 158 locations in 79 communities serving consumers. It operates numerous divisions, including Central Investment Advisors, Central Trust Company (CTC), Central Mortgage Company (CMC), HSA Central, Central Technology Services (CTS) and Online Central. It offers services in personal, business, corporate and wealth management. Its segments include Wealth Management and Community Banking. The Wealth Management segment provides a range of fee-only wealth management solutions, including investment management, fiduciary services, financial, estate, and tax planning services to individuals, businesses, and foundations. Community Banking provides a comprehensive suite of offerings, including a set of deposit products, digital banking solutions, and a range of consumer lending solutions. It also focuses on providing cutting-edge technology to its customers in Missouri, Colorado, Illinois, Iowa, Kansas, North Carolina, and Oklahoma.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
