Stock Analysis
Addiko Bank (VIE:ADKO) Full Year 2023 Results
Key Financial Results
- Revenue: €276.6m (up 21% from FY 2022).
- Net income: €41.1m (up 60% from FY 2022).
- Profit margin: 15% (up from 11% in FY 2022).
- EPS: €2.12 (up from €1.32 in FY 2022).
ADKO Banking Performance Indicators
- Net interest margin (NIM): 3.75% (up from 2.98% in FY 2022).
- Cost-to-income ratio: 60.5% (down from 67.5% in FY 2022).
- Non-performing loans: 3.58% (down from 4.35% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Addiko Bank Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe.
Performance of the market in Austria.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Addiko Bank.
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About WBAG:ADKO
Addiko Bank
Addiko Bank AG provides various banking products and services in Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Montenegro, Austria, and Germany.
Excellent balance sheet with proven track record and pays a dividend.