TBC Bank Group (LON:TBCG) First Quarter 2024 Results
Key Financial Results
- Revenue: GEL573.3m (up 20% from 1Q 2023).
- Net income: GEL292.8m (up 18% from 1Q 2023).
- Profit margin: 51% (in line with 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TBC Bank Group Earnings Insights
Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in the United Kingdom.
Performance of the British Banks industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for TBC Bank Group that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if TBC Bank Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About LSE:TBCG
TBC Bank Group
Through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.
Good value with reasonable growth potential and pays a dividend.
