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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