Bank of Cyprus Holdings Full Year 2023 Earnings: Beats Expectations

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).

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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