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LOB reported Q2 earnings of $0.59, beating estimates by 28.26%. Quarterly revenues were $125.48 million, exceeding expectations by 1.95%. Report shows unfavorable estimate revisions ahead, lowering Zacks Rank to #4 (Sell). LOB shares underperformed the market, losing 4.5% year-to-date versus S&P 500's gain. The Southeast bank industry is in the bottom 38% of Zacks ranked industries.
- LOB reported Q2 earnings of $0.59, beating estimates by 28.26%.
- Quarterly revenues were $125.48 million, exceeding expectations by 1.95%.
- Report shows unfavorable estimate revisions ahead, lowering Zacks Rank to #4 (Sell).
- LOB shares underperformed the market, losing 4.5% year-to-date versus S&P 500's gain.
- The Southeast bank industry is in the bottom 38% of Zacks ranked industries.
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