Chiba Bank (OTCMKTS:CHBAY) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Chiba Bank (OTCMKTS:CHBAY) posted its quarterly earnings data on Monday. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07, Zacks reports. The firm had revenue of $721.38 million for the quarter, compared to the consensus estimate of $358.53 million. Chiba Bank had a net margin of 20.92% and a return on equity of 7.55%.

Chiba Bank Price Performance

Shares of Chiba Bank stock opened at $55.00 on Wednesday. The business has a 50-day moving average price of $53.73 and a 200 day moving average price of $50.63. Chiba Bank has a fifty-two week low of $33.94 and a fifty-two week high of $56.18. The firm has a market cap of $8.86 billion, a P/E ratio of 13.10 and a beta of 0.13. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.43.

About Chiba Bank

Chiba Bank, Ltd. (OTCMKTS: CHBAY) is a regional commercial bank headquartered in Chiba City, Japan. Established in 1943, the bank offers a broad range of banking and financial services to individual, corporate and public sector clients. As one of the largest financial institutions in Chiba Prefecture, Chiba Bank plays a central role in supporting local economic activity and community development.

The bank’s core business activities include deposit-taking, lending, and trust services. Chiba Bank provides retail customers with savings accounts, fixed-term deposits, personal loans and mortgage financing.