Regional bank stocks hold steady in Q1 despite mixed earnings

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Summary · why it matters

Regional bank stocks tracked by StockStory held steady in the first quarter, with share prices up 2.2% on average since the latest earnings results. The group of 91 regional banks reported revenues in line with analysts' consensus estimates. Trustmark posted revenues of $202.9 million, up 4.2% year on year, but its stock fell 1.8% to $44.67. UMB Financial was the best performer, with revenues of $744.8 million beating estimates by 5.4% and its stock rising 6.2% to $133.06. BankUnited was the weakest, missing revenue estimates by 5.1% with $273.8 million, yet its stock edged up 1.6% to $47.54.

Impact on assets 5

Financials± Mixed · 5 stocks
BankUnited Inc
BKU
± MixedCapitalrelevance

BankUnited missed revenue estimates by 5.1% but stock edged up 1.6%, mixed earnings result.