Stock Analysis
OTP Bank Nyrt Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
OTP Bank Nyrt (BUSE:OTP) Full Year 2023 Results
Key Financial Results
- Revenue: Ft2.31t (up 57% from FY 2022).
- Net income: Ft1.01t (up 202% from FY 2022).
- Profit margin: 44% (up from 23% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: Ft3,774 (up from Ft1,246 in FY 2022).
OTP Banking Performance Indicators
- Non-performing loans: 4.32% (down from 4.89% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
OTP Bank Nyrt Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 1.3%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Banks industry in Europe.
Performance of the market in Hungary.
The company's shares are down 3.7% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for OTP Bank Nyrt (1 makes us a bit uncomfortable!) that you need to take into consideration.
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About BUSE:OTP
OTP Bank Nyrt
OTP Bank Nyrt., together with its subsidiaries, engages in the provision of commercial banking services to individuals, municipalities, corporations, and enterprises.
Solid track record with excellent balance sheet and pays a dividend.