Føroya Banki (CPH:FOBANK) Full Year 2024 Results
Key Financial Results
- Revenue: kr.642.8m (up 1.5% from FY 2023).
- Net income: kr.310.4m (flat on FY 2023).
- Profit margin: 48% (in line with FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Føroya Banki Earnings Insights
Looking ahead, revenue is forecast to decline by 7.4% p.a. on average during the next 3 years, while revenues in the Banks industry in Denmark are expected to remain flat.
Performance of the Danish Banks industry.
The company's shares are up 5.1% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Føroya Banki has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.
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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 CPSE:FOBANK
Føroya Banki
Provides personal and corporate banking services in the Faroe Islands, Denmark, and Greenland.
Undervalued with proven track record and pays a dividend.
Market Insights
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