Jæren Sparebank Third Quarter 2024 Earnings: Revenues Beat Expectations

Jæren Sparebank (OB:JAREN) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr136.4m (up 12% from 3Q 2023).
• Net income: kr63.0m (up 125% from 3Q 2023).
• Profit margin: 46% (up from 23% in 3Q 2023). The increase in margin was primarily driven by lower expenses.

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

Jæren Sparebank Revenues Beat Expectations

Revenue exceeded analyst estimates by 8.8%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.1% 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 Jæren Sparebank you should be aware of.

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