illimity Bank Third Quarter 2024 Earnings: EPS: €0.097 (vs €0.27 in 3Q 2023)

illimity Bank (BIT:ILTY) Third Quarter 2024 Results

Key Financial Results

• Revenue: €58.2m (down 39% from 3Q 2023).
• Net income: €8.01m (down 65% from 3Q 2023).
• Profit margin: 14% (down from 24% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: €0.097 (down from €0.27 in 3Q 2023).

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

illimity Bank Earnings Insights

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Diversified Financial industry in Italy.

Performance of the Italian Diversified Financial industry.

The company's shares are up 3.6% 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 illimity Bank that you need to be mindful of.

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