Sparebanken Sør Past Earnings Performance

Past criteria checks 2/6

Sparebanken Sør has been growing earnings at an average annual rate of 37.4%, while the Banks industry saw earnings growing at 24.2% annually. Revenues have been growing at an average rate of 9.8% per year. Sparebanken Sør's return on equity is 11.2%, and it has net margins of 20%.

Key information

37.4%

Earnings growth rate

9.3%

EPS growth rate

Banks Industry Growth	21.2%
Revenue growth rate	9.8%
Return on equity	11.2%
Net Margin	20.0%
Next Earnings Update	13 Aug 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Sparebanken Sør makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BATS-CHIXE:SORO Revenue, expenses and earnings (NOK Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	3,644	728	728
31 Dec 23	3,526	684	728
30 Sep 23	3,491	708	704
30 Jun 23	3,217	633	685
31 Mar 23	2,984	635	666
31 Dec 22	2,764	496	642
30 Sep 22	2,577	362	632
30 Jun 22	2,604	309	616
31 Mar 22	2,610	254	606
31 Dec 21	2,581	191	600
30 Sep 21	2,577	193	554
30 Jun 21	2,535	194	558
31 Mar 21	2,500	191	550
31 Dec 20	2,372	177	550
30 Sep 20	2,315	161	540
30 Jun 20	2,363	168	535
31 Mar 20	2,331	171	530
31 Dec 19	2,414	183	530
30 Sep 19	2,312	170	545
30 Jun 19	2,148	152	527
31 Mar 19	2,135	156	515
31 Dec 18	2,123	158	499
30 Sep 18	2,212	180	530
30 Jun 18	2,237	187	525
31 Mar 18	2,154	178	518
31 Dec 17	2,099	175	506
30 Sep 17	2,000	173	498
30 Jun 17	2,039	184	495
31 Mar 17	2,116	189	495
31 Dec 16	2,041	167	496
30 Sep 16	1,970	-271	516
30 Jun 16	1,764	-217	526
31 Mar 16	1,655	-84	527
31 Dec 15	1,708	84	532
30 Sep 15	1,766	-129	533
30 Jun 15	1,723	-150	523
31 Mar 15	1,714	-160	521
31 Dec 14	1,779	97	521
30 Sep 14	1,457	793	403
30 Jun 14	1,324	782	331
31 Mar 14	1,059	692	266
31 Dec 13	684	302	169
30 Sep 13	654	279	171
30 Jun 13	654	286	181

Quality Earnings: SORO has high quality earnings.

Growing Profit Margin: SORO's current net profit margins (20%) are lower than last year (21.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SORO's earnings have grown significantly by 37.4% per year over the past 5 years.

Accelerating Growth: SORO's earnings growth over the past year (14.6%) is below its 5-year average (37.4% per year).

Earnings vs Industry: SORO earnings growth over the past year (14.6%) did not outperform the Banks industry 15.9%.

Return on Equity

High ROE: SORO's Return on Equity (11.2%) 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	2024/05/27 23:14
End of Day Share Price	2024/02/28 00:00
Earnings	2024/03/31
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

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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

Sparebanken Sør is covered by 8 analysts. 3 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
Geir Kristiansen	Beringer Finance AB
Håkon Astrup	DNB Markets
Ulrik Zürcher	Nordea Markets