Secure Trust Bank (LON:STB) Full Year 2023 Results
Key Financial Results
- Revenue: UK£141.8m (up 7.0% from FY 2022).
- Net income: UK£26.4m (up 28% from FY 2022).
- Profit margin: 19% (up from 16% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: UK£1.41 (up from UK£1.11 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Secure Trust Bank Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in the United Kingdom.
Performance of the British Banks industry.
The company's shares are down 7.6% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Secure Trust Bank you should know about.
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About LSE:STB
Secure Trust Bank
Provides banking and financial products and services in the United Kingdom.
Very undervalued with reasonable growth potential.