Suruga Bank (OTCMKTS:SUGBY) Posts Quarterly Earnings Results, Beats Expectations By $1.58 EPS

Suruga Bank (OTCMKTS:SUGBY) released its earnings results on Thursday. The company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $1.58, Zacks reports. Suruga Bank had a return on equity of 13.65% and a net margin of 38.48%.

Suruga Bank Price Performance

SUGBY stock remained flat at $176.76 during midday trading on Thursday. The stock’s 50 day simple moving average is $144.52 and its 200-day simple moving average is $96.15. The firm has a market capitalization of $3.04 billion, a PE ratio of 10.88 and a beta of -0.18. Suruga Bank has a 12-month low of $172.63 and a 12-month high of $197.17.

Suruga Bank Company Profile

Suruga Bank, Ltd. is a Japanese regional financial institution headquartered in Numazu, Shizuoka Prefecture. The bank provides retail banking services to individuals and businesses, including deposit accounts, lending, mortgages, consumer finance, investment trusts, insurance-related products, credit cards and electronic banking services. Suruga Bank primarily serves customers in Shizuoka Prefecture and surrounding areas, with additional operations in selected parts of the greater Tokyo region. Its business is focused on relationship-based banking, residential and investment-property lending, small-business finance and other financial services delivered through branches and digital channels.