Hang Seng Bank Full Year 2022 Earnings: EPS Misses Expectations
Hang Seng Bank (HKG:11) Full Year 2022 Results
Key Financial Results
- Revenue: HK$28.1b (down 8.1% from FY 2021).
- Net income: HK$9.46b (down 29% from FY 2021).
- Profit margin: 34% (down from 43% in FY 2021). The decrease in margin was primarily driven by lower revenue.
- EPS: HK$4.95 (down from HK$6.93 in FY 2021).
11 Banking Performance Indicators
- Non-performing loans: 2.56% (up from 1.04% in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hang Seng Bank EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Banks industry in Hong Kong.
Performance of the Hong Kong Banks industry.
The company's shares are down 6.5% from a week ago.
It is worth noting though that we have found 1 warning sign for Hang Seng Bank that you need to take into consideration.
Valuation is complex, but we're helping make it simple.
Find out whether Hang Seng Bank is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free Analysis
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Hang Seng Bank
Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprises, and institutional customers in Hong Kong, the Mainland of China, and internationally.
Adequate balance sheet and fair value.