SpareBank 1 Østfold Akershus Past Earnings Performance

Past criteria checks 3/6

SpareBank 1 Østfold Akershus has been growing earnings at an average annual rate of 6.8%, while the Banks industry saw earnings growing at 24.2% annually. Revenues have been growing at an average rate of 7.4% per year. SpareBank 1 Østfold Akershus's return on equity is 10.9%, and it has net margins of 41.3%.

Key information

6.8%

Earnings growth rate

6.8%

EPS growth rate

Banks Industry Growth	21.2%
Revenue growth rate	7.4%
Return on equity	10.9%
Net Margin	41.3%
Last Earnings Update	31 Dec 2023

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How SpareBank 1 Østfold Akershus makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BATS-CHIXE:SOAGO Revenue, expenses and earnings (NOK Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	1,116	461	301
30 Sep 23	1,154	505	289
30 Jun 23	1,110	485	279
31 Mar 23	1,024	443	271
31 Dec 22	980	423	258
30 Sep 22	899	364	257
30 Jun 22	913	381	254
31 Mar 22	945	418	250
31 Dec 21	927	415	245
30 Sep 21	920	413	242
30 Jun 21	898	402	239
31 Mar 21	863	376	233
31 Dec 20	822	345	232
30 Sep 20	797	333	226
30 Jun 20	779	315	225
31 Mar 20	772	311	224
31 Dec 19	845	378	222
30 Sep 19	827	370	220
30 Jun 19	825	374	217
31 Mar 19	811	366	215
31 Dec 18	775	335	208
30 Sep 18	786	350	226
30 Jun 18	782	360	218
31 Mar 18	750	335	205
31 Dec 17	709	300	205
30 Sep 17	680	270	197
30 Jun 17	689	270	196
31 Mar 17	723	302	197
31 Dec 16	722	305	196
30 Sep 16	698	276	203
30 Jun 16	627	223	204
31 Mar 16	588	196	204
31 Dec 15	596	202	204
30 Sep 15	598	205	228
30 Jun 15	660	245	229
31 Mar 15	659	238	231
31 Dec 14	619	201	231
30 Sep 14	610	226	216
30 Jun 14	573	202	218
31 Mar 14	550	184	216
31 Dec 13	533	171	214
30 Sep 13	509	137	141
30 Jun 13	489	122	160

Quality Earnings: SOAGO has high quality earnings.

Growing Profit Margin: SOAGO's current net profit margins (41.3%) are lower than last year (43.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SOAGO's earnings have grown by 6.8% per year over the past 5 years.

Accelerating Growth: SOAGO's earnings growth over the past year (9%) exceeds its 5-year average (6.8% per year).

Earnings vs Industry: SOAGO earnings growth over the past year (9%) did not outperform the Banks industry 14.6%.

Return on Equity

High ROE: SOAGO's Return on Equity (10.9%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/05/28 06:55
End of Day Share Price	2024/02/29 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

SpareBank 1 Østfold Akershus is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Christian Berner	Beringer Finance AB
Geir Kristiansen	Beringer Finance AB
Žilvinas Jusaitis	Norne Securities AS