Bank of Greece Past Earnings Performance
Past criteria checks 0/6
Bank of Greece's earnings have been declining at an average annual rate of -3.8%, while the Diversified Financial industry saw earnings growing at 0.6% annually. Revenues have been declining at an average rate of 6% per year. Bank of Greece's return on equity is 2.8%, and it has net margins of 22.3%.
Key information
-3.8%
Earnings growth rate
-4.8%
EPS growth rate
| Diversified Financial Industry Growth | 9.1% |
| Revenue growth rate | -6.0% |
| Return on equity | 2.8% |
| Net Margin | 22.3% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Bank of Greece 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 Dec 23 | 442 | 99 | 368 | 0 |
| 31 Dec 22 | 807 | 457 | 350 | 0 |
| 31 Dec 21 | 3,632 | 3,271 | 361 | 0 |
| 31 Dec 20 | 1,099 | 662 | 452 | 0 |
| 31 Dec 19 | 1,734 | 842 | 890 | 0 |
| 31 Dec 18 | 1,003 | 658 | 344 | 0 |
| 31 Dec 17 | 1,333 | 942 | 337 | 0 |
| 31 Dec 16 | 1,424 | 1,092 | 323 | 0 |
| 31 Dec 15 | 1,489 | 1,163 | 320 | 0 |
| 31 Dec 14 | 988 | 655 | 320 | 0 |
| 31 Dec 13 | 1,142 | 831 | 307 | 0 |
Quality Earnings: BGC has a large one-off gain of €23.8M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: BGC's current net profit margins (22.3%) are lower than last year (56.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BGC's earnings have declined by 3.8% per year over the past 5 years.
Accelerating Growth: BGC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BGC had negative earnings growth (-78.4%) over the past year, making it difficult to compare to the Diversified Financial industry average (-11%).
Return on Equity
High ROE: BGC's Return on Equity (2.8%) is considered low.