Stock Analysis

Bank of Cyprus Holdings Full Year 2023 Earnings: Beats Expectations

CSE:BOCH
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Bank of Cyprus Holdings (CSE:BOCH) Full Year 2023 Results

Key Financial Results

  • Revenue: €1.02b (up 57% from FY 2022).
  • Net income: €487.2m (up by €416.1m from FY 2022).
  • Profit margin: 48% (up from 11% in FY 2022). The increase in margin was primarily driven by higher revenue.
  • EPS: €1.09 (up from €0.16 in FY 2022).
earnings-and-revenue-growth
CSE:BOCH Earnings and Revenue Growth February 20th 2024

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

Bank of Cyprus Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%.

Looking ahead, revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Asia are expected to grow by 8.1%.

Performance of the market in Asia.

The company's shares are up 1.4% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Bank of Cyprus Holdings.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About CSE:BOCH

Bank of Cyprus Holdings

Through its subsidiaries, engages in the provision of banking, financial, and insurance services in Cyprus, Greece, the United Kingdom, the United States, Germany, Romania, Russia, Ukraine, Belarus, Israel, and internationally.

Undervalued with proven track record.

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