Grong Sparebank Past Earnings Performance
Past criteria checks 2/6
Grongrebank has been growing earnings at an average annual rate of 19.1%, while the Banks industry saw earnings growing at 15.1% annually. Revenues have been growing at an average rate of 16.1% per year. Grongrebank's return on equity is 10.9%, and it has net margins of 19%.
Key information
19.1%
Earnings growth rate
12.7%
EPS growth rate
| Banks Industry Growth | 10.2% |
| Revenue growth rate | 16.1% |
| Return on equity | 10.9% |
| Net Margin | 19.0% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Revenue & Expenses Breakdown
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 |
|---|---|---|---|---|
| 30 Sep 24 | 343 | 65 | 101 | 0 |
| 30 Jun 24 | 345 | 64 | 98 | 0 |
| 31 Mar 24 | 358 | 82 | 97 | 0 |
| 31 Dec 23 | 352 | 72 | 93 | 0 |
| 30 Sep 23 | 334 | 65 | 89 | 0 |
| 30 Jun 23 | 323 | 69 | 86 | 0 |
| 31 Mar 23 | 288 | 31 | 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 |
Quality Earnings: GRONG has high quality earnings.
Growing Profit Margin: GRONG's current net profit margins (19%) are lower than last year (19.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GRONG's earnings have grown by 19.1% per year over the past 5 years.
Accelerating Growth: GRONG's earnings growth over the past year (0.9%) is below its 5-year average (19.1% per year).
Earnings vs Industry: GRONG earnings growth over the past year (0.9%) did not outperform the Banks industry 18.2%.
Return on Equity
High ROE: GRONG's Return on Equity (10.9%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 16:49 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Grong Sparebank is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Žilvinas Jusaitis | Norne Securities AS |
| Ignas Lekštys | Norne Securities AS |