Bien Sparebank Third Quarter 2024 Earnings: Revenues Miss Expectations
Bien Sparebank (OB:BIEN) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr37.5m (flat on 3Q 2023).
- Net income: kr14.0m (up 11% from 3Q 2023).
- Profit margin: 37% (up from 34% in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bien Sparebank Revenues Disappoint
Revenue missed analyst estimates by 3.1%.
Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Norway are expected to remain flat.
Performance of the Norwegian Banks industry.
The company's shares are up 8.3% 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.
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About OB:BIEN
Bien Sparebank
Operates as a savings bank that provides a range of banking and financial products and services to individuals and business customers in Oslo.
Adequate balance sheet with acceptable track record.