Grong Sparebank Past Earnings Performance
Past criteria checks 2/6
Grongrebank has been growing earnings at an average annual rate of 24%, while the Banks industry saw earnings growing at 11.5% annually. Revenues have been growing at an average rate of 16.6% per year. Grongrebank's return on equity is 12.2%, and it has net margins of 20.4%.
Key information
24.0%
Earnings growth rate
16.6%
EPS growth rate
| Banks Industry Growth | 10.2% |
| Revenue growth rate | 16.6% |
| Return on equity | 12.2% |
| Net Margin | 20.4% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Grong Sparebank makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 352 | 72 | 93 | 0 |
| 30 Sep 23 | 351 | 72 | 94 | 0 |
| 30 Jun 23 | 323 | 69 | 86 | 0 |
| 31 Mar 23 | 288 | 59 | 83 | 0 |
| 31 Dec 22 | 320 | 76 | 80 | 0 |
| 30 Sep 22 | 287 | 67 | 78 | 0 |
| 30 Jun 22 | 275 | 60 | 76 | 0 |
| 31 Mar 22 | 274 | 62 | 74 | 0 |
| 31 Dec 21 | 224 | 38 | 73 | 0 |
| 30 Sep 21 | 231 | 36 | 62 | 0 |
| 30 Jun 21 | 220 | 41 | 60 | 0 |
| 31 Mar 21 | 214 | 43 | 58 | 0 |
| 31 Dec 20 | 205 | 40 | 59 | 0 |
| 30 Sep 20 | 185 | 37 | 101 | 0 |
| 30 Jun 20 | 182 | 35 | 100 | 0 |
| 31 Mar 20 | 175 | 31 | 100 | 0 |
| 31 Dec 19 | 178 | 26 | 98 | 0 |
| 30 Sep 19 | 173 | 25 | 70 | 0 |
| 30 Jun 19 | 171 | 25 | 76 | 0 |
| 31 Mar 19 | 173 | 27 | 86 | 0 |
| 31 Dec 18 | 170 | 24 | 92 | 0 |
| 30 Sep 18 | 167 | 24 | 92 | 0 |
| 30 Jun 18 | 164 | 22 | 93 | 0 |
| 31 Mar 18 | 160 | 6 | 94 | 0 |
| 31 Dec 17 | 160 | 22 | 93 | 0 |
| 31 Mar 17 | 136 | 45 | 69 | 0 |
| 31 Dec 16 | 130 | 39 | 70 | 0 |
| 31 Mar 16 | 138 | 27 | 87 | 0 |
| 31 Dec 15 | 131 | 28 | 80 | 0 |
| 30 Sep 15 | 127 | 30 | 72 | 0 |
| 30 Jun 15 | 119 | 29 | 66 | 0 |
| 31 Mar 15 | 125 | 29 | 70 | 0 |
| 31 Dec 14 | 121 | 29 | 67 | 0 |
| 30 Sep 14 | 96 | 29 | 49 | 0 |
| 30 Jun 14 | 92 | 28 | 46 | 0 |
| 31 Mar 14 | 89 | 28 | 43 | 0 |
| 31 Dec 13 | 84 | 26 | 42 | 0 |
| 30 Sep 13 | 82 | 25 | 41 | 0 |
| 30 Jun 13 | 79 | 25 | 39 | 0 |
Quality Earnings: GRONG has high quality earnings.
Growing Profit Margin: GRONG's current net profit margins (20.4%) are lower than last year (23.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GRONG's earnings have grown significantly by 24% per year over the past 5 years.
Accelerating Growth: GRONG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GRONG had negative earnings growth (-5.8%) over the past year, making it difficult to compare to the Banks industry average (22.7%).
Return on Equity
High ROE: GRONG's Return on Equity (12.2%) is considered low.