Haugesund Sparebank Past Earnings Performance

Past criteria checks 2/6

Haugesundrebank's earnings have been declining at an average annual rate of -32.3%, while the Banks industry saw earnings growing at 15.1% annually. Revenues have been growing at an average rate of 9.9% per year. Haugesundrebank's return on equity is 7.8%, and it has net margins of 5.6%.

Key information

-32.3%

Earnings growth rate

n/a

EPS growth rate

Banks Industry Growth	10.2%
Revenue growth rate	9.9%
Return on equity	7.8%
Net Margin	5.6%
Last Earnings Update	30 Sep 2024

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

How Haugesund Sparebank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OB:HGSB Revenue, expenses and earnings (NOK Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	439	25	109
30 Jun 24	400	24	111
31 Mar 24	384	25	108
31 Dec 23	372	25	106
30 Sep 23	320	-46	100
30 Jun 23	285	-37	94
31 Mar 23	309	-1	89
31 Dec 22	286	19	90
30 Sep 22	290	123	70
30 Jun 22	305	141	71
31 Mar 22	282	121	74
31 Dec 21	282	125	70
30 Sep 21	275	125	67
30 Jun 21	261	118	63
31 Mar 21	270	128	62
31 Dec 20	262	118	62
30 Sep 20	255	105	107
30 Jun 20	261	105	110
31 Mar 20	259	103	111
31 Dec 19	258	102	110
30 Sep 19	254	96	81
30 Jun 19	239	88	89
31 Mar 19	240	90	99
31 Dec 18	235	87	107
30 Sep 18	224	81	104
30 Jun 18	214	74	105
31 Mar 18	207	68	103
31 Dec 17	196	61	102
30 Sep 17	181	56	95
30 Jun 17	192	68	90
31 Mar 17	194	71	89
31 Dec 16	194	71	88
30 Sep 16	199	71	93
30 Jun 16	184	55	102
31 Mar 16	177	47	103
31 Dec 15	181	49	103
31 Dec 14	195	66	97

Quality Earnings: HGSB has high quality earnings.

Growing Profit Margin: HGSB became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HGSB's earnings have declined by 32.3% per year over the past 5 years.

Accelerating Growth: HGSB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: HGSB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (18.2%).

Return on Equity

High ROE: HGSB's Return on Equity (7.8%) 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	2024/12/23 07:15
End of Day Share Price	2024/12/20 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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Haugesund 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