Suruga Bank (OTCMKTS:SUGBY) Posts Earnings Results, Beats Expectations By $0.42 EPS

Suruga Bank (OTCMKTS:SUGBY) announced its quarterly earnings results on Thursday. The company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.42, Zacks reports. The company had revenue of $112.75 million during the quarter. Suruga Bank had a return on equity of 8.96% and a net margin of 27.03%.

Suruga Bank Price Performance

Suruga Bank stock remained flat at $80.02 during mid-day trading on Friday. Suruga Bank has a 1-year low of $45.82 and a 1-year high of $80.02. The firm has a 50 day moving average price of $80.02 and a two-hundred day moving average price of $80.02. The firm has a market capitalization of $1.58 billion, a PE ratio of 8.20 and a beta of -0.07.

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.