- United Kingdom
- Diversified Financial
OSB Group Full Year 2022 Earnings: Beats Expectations
OSB Group (LON:OSB) Full Year 2022 Results
Key Financial Results
- Revenue: UK£744.7m (up 18% from FY 2021).
- Net income: UK£401.0m (up 18% from FY 2021).
- Profit margin: 54% (in line with FY 2021).
- EPS: UK£0.91 (up from UK£0.76 in FY 2021).
OSB Banking Performance Indicators
- Net interest margin (NIM): 2.78% (up from 2.53% in FY 2021).
- Cost-to-income ratio: 25.0% (up from 24.0% in FY 2021).
- Non-performing loans: 2.48% (down from 2.65% in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
OSB Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%.
Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Mortgage industry in Europe.
Performance of the market in the United Kingdom.
The company's shares are down 7.4% from a week ago.
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with OSB Group (at least 1 which is concerning), and understanding these should be part of your investment process.
Valuation is complex, but we're helping make it simple.
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OSB Group Plc, through its subsidiaries, operates as a specialist lending and retail savings company in the United Kingdom and the Channel Islands.
Very undervalued with adequate balance sheet and pays a dividend.