Suruga Bank (OTCMKTS:SUGBY – Get Free Report) released its earnings results on Thursday. The company reported $4.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $2.83, Zacks reports. Suruga Bank had a return on equity of 11.31% and a net margin of 33.98%.The firm had revenue of $190.14 million during the quarter, compared to analysts’ expectations of $163.14 million.
Suruga Bank Price Performance
Suruga Bank stock remained flat at $80.02 during midday trading on Friday. The firm has a 50 day moving average of $80.02 and a 200-day moving average of $80.02. Suruga Bank has a 12 month low of $45.82 and a 12 month high of $80.02. The stock has a market cap of $1.37 billion, a PE ratio of 6.10 and a beta of -0.03.
Suruga Bank Company Profile
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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