SpareBank 1 Helgeland Third Quarter 2024 Earnings: Revenues Miss Expectations

SpareBank 1 Helgeland (OB:HELG) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr309.0m (up 8.4% from 3Q 2023).
• Net income: kr155.0m (up 16% from 3Q 2023).
• Profit margin: 50% (up from 47% in 3Q 2023). The increase in margin was driven by higher revenue.

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

SpareBank 1 Helgeland Revenues Disappoint

Revenue missed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.0% growth forecast for the Banks industry in Norway.

Performance of the Norwegian Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for SpareBank 1 Helgeland you should be aware of.

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