Stock Analysis
Lea Bank Second Quarter 2024 Earnings: Revenues Beat Expectations
Lea Bank (OB:LEA) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr72.4m (up 10% from 2Q 2023).
- Net income: kr16.3m (down 15% from 2Q 2023).
- Profit margin: 23% (down from 29% in 2Q 2023). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lea Bank Revenues Beat Expectations
Revenue exceeded analyst estimates by 5.1%.
Looking ahead, revenue is forecast to grow 27% p.a. on average 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 shares are down 2.5% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Lea Bank that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OB:LEA
Lea Bank
Provides various banking products and services in Norway, Finland, Sweden, Germany, Spain, Austria, and France.