Chiba Bank (OTCMKTS:CHBAY) Issues Quarterly Earnings Results

Chiba Bank (OTCMKTS:CHBAY) announced its earnings results on Monday. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.07, Zacks reports. Chiba Bank had a net margin of 20.20% and a return on equity of 7.03%. The business had revenue of $721.38 million for the quarter, compared to analysts’ expectations of $358.53 million.

Chiba Bank Price Performance

Shares of CHBAY opened at $55.00 on Tuesday. The stock’s 50 day moving average is $53.66 and its two-hundred day moving average is $50.58. The firm has a market capitalization of $8.86 billion, a PE ratio of 14.36 and a beta of 0.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. Chiba Bank has a twelve month low of $33.94 and a twelve month high of $56.18.

Chiba Bank Company Profile

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.