Suruga Bank (OTCMKTS:SUGBY) Announces Earnings Results

Suruga Bank (OTCMKTS:SUGBY) issued its earnings results on Thursday. The company reported $5.76 EPS for the quarter, beating the consensus estimate of $4.18 by $1.58, Zacks reports. Suruga Bank had a net margin of 38.48% and a return on equity of 13.65%.

Suruga Bank Stock Performance

OTCMKTS:SUGBY remained flat at $176.76 during mid-day trading on Thursday. Suruga Bank has a 1 year low of $172.63 and a 1 year high of $197.17. The stock has a fifty day simple moving average of $144.52 and a 200 day simple moving average of $96.15. The firm has a market cap of $3.04 billion, a PE ratio of 10.88 and a beta of -0.18.

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.