Banca Transilvania Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Banca Transilvania (BVB:TLV) Full Year 2023 Results

Key Financial Results

• Revenue: RON7.40b (up 26% from FY 2022).
• Net income: RON2.89b (up 20% from FY 2022).
• Profit margin: 39% (down from 41% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: RON3.62 (up from RON3.01 in FY 2022).

TLV Banking Performance Indicators

• Non-performing loans: 3.53% (down from 3.75% in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Banca Transilvania Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 1.8%.

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe.

Performance of the market in Romania.

The company's shares are up 1.0% from a week ago.

Risk Analysis

Be aware that Banca Transilvania is showing 1 warning sign in our investment analysis that you should know about...

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