Deutsche Pfandbriefbank Reports Third Quarter 2024 Earnings

Deutsche Pfandbriefbank (ETR:PBB) Third Quarter 2024 Results

Key Financial Results

• Revenue: €110.0m (up 51% from 3Q 2023).
• Net income: €47.0m (up by €45.0m from 3Q 2023).
• Profit margin: 43% (up from 2.7% in 3Q 2023). The increase in margin was primarily driven by higher revenue.

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

Deutsche Pfandbriefbank Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany.

Performance of the German Diversified Financial industry.

The company's shares are up 2.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Deutsche Pfandbriefbank's balance sheet health.

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