Banca Sistema Reports Third Quarter 2024 Earnings

Banca Sistema (BIT:BST) Third Quarter 2024 Results

Key Financial Results

• Revenue: €29.1m (up 38% from 3Q 2023).
• Net income: €6.35m (up 36% from 3Q 2023).
• Profit margin: 22% (in line with 3Q 2023).

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

Banca Sistema Earnings Insights

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Italy are expected to remain flat.

Performance of the Italian Banks industry.

The company's shares are down 1.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Banca Sistema's balance sheet.

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