AP NEWS

Peoples Utah Bancorp: 4Q Earnings Snapshot

January 28, 2020 GMT

AMERICAN FORK, Utah (AP) _ Peoples Utah Bancorp (PUB) on Tuesday reported fourth-quarter profit of $11.7 million.

The American Fork, Utah-based bank said it had earnings of 61 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The bank holding company posted revenue of $33.1 million in the period. Its revenue net of interest expense was $30.9 million, which did not meet Street forecasts.

For the year, the company reported profit of $44.3 million, or $2.33 per share. Revenue was reported as $125.1 million.

Peoples Utah Bancorp shares have dropped 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.31, a decline of slightly more than 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PUB at https://www.zacks.com/ap/PUB