Paragon Banking Group Full Year 2023 Earnings: Beats Expectations

Paragon Banking Group (LON:PAG) Full Year 2023 Results

Key Financial Results

• Revenue: UK£393.3m (down 1.7% from FY 2022).
• Net income: UK£153.9m (down 51% from FY 2022).
• Profit margin: 39% (down from 78% in FY 2022). The decrease in margin was primarily driven by higher expenses.
• EPS: UK£0.69 (down from UK£1.29 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Paragon Banking Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 34% growth forecast for the Diversified Financial industry in the United Kingdom.

Performance of the British Diversified Financial industry.

The company's shares are up 15% from a week ago.

Risk Analysis

Be aware that Paragon Banking Group is showing 2 warning signs in our investment analysis that you should know about...

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