GrønlandsBANKEN Past Earnings Performance
Past criteria checks 2/6
GrønlandsBANKEN has been growing earnings at an average annual rate of 3.4%, while the Banks industry saw earnings growing at 21.2% annually. Revenues have been growing at an average rate of 2.5% per year. GrønlandsBANKEN's return on equity is 7.5%, and it has net margins of 31.4%.
Key information
3.4%
Earnings growth rate
3.4%
EPS growth rate
| Banks Industry Growth | 21.2% |
| Revenue growth rate | 2.5% |
| Return on equity | 7.5% |
| Net Margin | 31.4% |
| Next Earnings Update | 09 May 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How GrønlandsBANKEN 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 22 | 314 | 99 | 193 | 0 |
| 30 Sep 22 | 307 | 103 | 190 | 0 |
| 30 Jun 22 | 325 | 118 | 188 | 0 |
| 31 Mar 22 | 344 | 131 | 189 | 0 |
| 31 Dec 21 | 355 | 133 | 189 | 0 |
| 30 Sep 21 | 350 | 123 | 192 | 0 |
| 30 Jun 21 | 346 | 122 | 189 | 0 |
| 31 Mar 21 | 345 | 125 | 184 | 0 |
| 31 Dec 20 | 319 | 96 | 181 | 0 |
| 30 Sep 20 | 311 | 103 | 176 | 0 |
| 30 Jun 20 | 317 | 106 | 174 | 0 |
| 31 Mar 20 | 311 | 116 | 176 | 0 |
| 31 Dec 19 | 331 | 130 | 174 | 0 |
| 30 Sep 19 | 325 | 136 | 170 | 0 |
| 30 Jun 19 | 315 | 131 | 167 | 0 |
| 31 Mar 19 | 314 | 115 | 163 | 0 |
| 31 Dec 18 | 306 | 113 | 160 | 0 |
| 30 Sep 18 | 303 | 93 | 160 | 0 |
| 30 Jun 18 | 293 | 87 | 158 | 0 |
| 31 Mar 18 | 292 | 88 | 156 | 0 |
| 31 Dec 17 | 295 | 90 | 155 | 0 |
| 30 Sep 17 | 292 | 92 | 157 | 0 |
| 30 Jun 17 | 297 | 95 | 157 | 0 |
| 31 Mar 17 | 286 | 89 | 154 | 0 |
| 31 Dec 16 | 268 | 77 | 153 | 0 |
| 30 Sep 16 | 260 | 73 | 152 | 0 |
| 30 Jun 16 | 253 | 68 | 150 | 0 |
| 31 Mar 16 | 257 | 70 | 150 | 0 |
Quality Earnings: GRLAC has high quality earnings.
Growing Profit Margin: GRLAC's current net profit margins (31.4%) are lower than last year (37.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GRLAC's earnings have grown by 3.4% per year over the past 5 years.
Accelerating Growth: GRLAC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GRLAC had negative earnings growth (-25.7%) over the past year, making it difficult to compare to the Banks industry average (53.8%).
Return on Equity
High ROE: GRLAC's Return on Equity (7.5%) is considered low.