VP Bank First Half 2024 Earnings: EPS: CHF1.86 (vs CHF4.15 in 1H 2023)

VP Bank (VTX:VPBN) First Half 2024 Results

Key Financial Results

• Revenue: CHF162.6m (down 10% from 1H 2023).
• Net income: CHF11.5m (down 55% from 1H 2023).
• Profit margin: 7.1% (down from 14% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: CHF1.86 (down from CHF4.15 in 1H 2023).

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

VP Bank Earnings Insights

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Capital Markets industry in Switzerland.

Performance of the Swiss Capital Markets industry.

The company's shares are up 4.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for VP Bank that you should be aware of.

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