Bank of Georgia Group Past Earnings Performance
Past criteria checks 4/6
Bank of Georgia Group has been growing earnings at an average annual rate of 37.6%, while the Banks industry saw earnings growing at 14.3% annually. Revenues have been growing at an average rate of 24.8% per year. Bank of Georgia Group's return on equity is 35.4%, and it has net margins of 84.1%.
Key information
37.6%
Earnings growth rate
39.0%
EPS growth rate
| Banks Industry Growth | 10.6% |
| Revenue growth rate | 24.8% |
| Return on equity | 35.4% |
| Net Margin | 84.1% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Bank of Georgia Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 2,531 | 2,127 | 703 | 0 |
| 31 Dec 23 | 2,425 | 1,391 | 680 | 0 |
| 30 Sep 23 | 2,352 | 1,686 | 630 | 0 |
| 30 Jun 23 | 2,203 | 1,632 | 621 | 0 |
| 31 Mar 23 | 1,985 | 1,500 | 603 | 0 |
| 31 Dec 22 | 1,873 | 1,440 | 576 | 0 |
| 30 Sep 22 | 1,761 | 1,003 | 553 | 0 |
| 30 Jun 22 | 1,617 | 898 | 520 | 0 |
| 31 Mar 22 | 1,530 | 825 | 481 | 0 |
| 31 Dec 21 | 1,386 | 724 | 451 | 0 |
| 30 Sep 21 | 1,228 | 655 | 434 | 0 |
| 30 Jun 21 | 1,160 | 618 | 408 | 0 |
| 31 Mar 21 | 1,040 | 531 | 391 | 0 |
| 31 Dec 20 | 817 | 294 | 390 | 0 |
| 30 Sep 20 | 831 | 318 | 406 | 0 |
| 30 Jun 20 | 835 | 304 | 411 | 0 |
| 31 Mar 20 | 826 | 297 | 404 | 0 |
| 31 Dec 19 | 1,011 | 498 | 390 | 0 |
| 30 Sep 19 | 960 | 456 | 373 | 0 |
| 30 Jun 19 | 915 | 433 | 362 | 0 |
| 31 Mar 19 | 916 | 373 | 356 | 0 |
| 31 Dec 18 | 895 | 361 | 351 | 0 |
| 30 Sep 18 | 830 | 351 | 350 | 0 |
| 30 Jun 18 | 794 | 327 | 338 | 0 |
| 31 Mar 18 | 746 | 360 | 325 | 0 |
| 31 Dec 17 | 713 | 339 | 315 | 0 |
| 30 Sep 17 | 621 | 264 | 257 | 0 |
| 30 Jun 17 | 668 | 312 | 282 | 0 |
| 31 Mar 17 | 689 | 327 | 296 | 0 |
| 31 Dec 16 | 609 | 266 | 267 | 0 |
| 30 Sep 16 | 822 | 404 | 359 | 0 |
| 30 Jun 16 | 767 | 346 | 332 | 0 |
| 31 Mar 16 | 739 | 322 | 317 | 0 |
| 31 Dec 15 | 612 | 277 | 261 | 0 |
| 30 Sep 15 | 664 | 276 | 293 | 0 |
| 30 Jun 15 | 626 | 257 | 279 | 0 |
| 31 Mar 15 | 601 | 243 | 267 | 0 |
| 31 Dec 14 | 576 | 233 | 248 | 0 |
| 30 Sep 14 | 565 | 222 | 239 | 0 |
| 30 Jun 14 | 541 | 218 | 227 | 0 |
| 31 Mar 14 | 503 | 213 | 216 | 0 |
| 31 Dec 13 | 513 | 201 | 215 | 0 |
| 30 Sep 13 | 450 | 193 | 202 | 0 |
| 30 Jun 13 | 446 | 182 | 205 | 0 |
Quality Earnings: GEB has a large one-off gain of GEL689.8M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: GEB's current net profit margins (84.1%) are higher than last year (75.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GEB's earnings have grown significantly by 37.6% per year over the past 5 years.
Accelerating Growth: GEB's earnings growth over the past year (41.8%) exceeds its 5-year average (37.6% per year).
Earnings vs Industry: GEB earnings growth over the past year (41.8%) exceeded the Banks industry 27%.
Return on Equity
High ROE: Whilst GEB's Return on Equity (35.37%) is high, this metric is skewed due to their high level of debt.