Sparebanken Møre Second Quarter 2024 Earnings: Revenues Beat Expectations

Sparebanken Møre (OB:MORG) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr643.0m (up 18% from 2Q 2023).
• Net income: kr301.0m (up 149% from 2Q 2023).
• Profit margin: 47% (up from 22% in 2Q 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

Sparebanken Møre Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.1%.

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 shares are down 1.2% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Sparebanken Møre you should know about.

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