Bien Sparebank Second Quarter 2023 Earnings: Beats Expectations

Bien Sparebank (OB:BIEN) Second Quarter 2023 Results

Key Financial Results

• Revenue: kr43.5m (up 39% from 2Q 2022).
• Net income: kr21.2m (up 48% from 2Q 2022).
• Profit margin: 49% (up from 46% in 2Q 2022). The increase in margin was driven by higher revenue.
• EPS: kr3.38 (up from kr2.86 in 2Q 2022).

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

Bien Sparebank Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Norway.

Performance of the Norwegian Banks industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Bien Sparebank you should know about.

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.