Earnings1Q24 Adjusted EPS of $1.18 was below the forecast of $1.39 on higher ALLL and lower NIM, suggesting the company's earnings are underperforming expectations.
Financial PerformanceNet charge-off rate was up, indicating a potential increase in debt that cannot be collected, which can negatively impact the company's profitability.
Regulatory ChallengesLate fee rule implementation could result in a significant EPS dilution in FY24 and FY25, presenting a regulatory challenge that may reduce profitability.