Pareto Bank First Quarter 2024 Earnings: Revenues In Line With Expectations

Pareto Bank (OB:PARB) First Quarter 2024 Results

Key Financial Results

• Revenue: kr286.9m (up 28% from 1Q 2023).
• Net income: kr176.1m (up 35% from 1Q 2023).
• Profit margin: 61% (up from 59% in 1Q 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

Pareto Bank Meets Expectations

Revenue was in line with analyst estimates.

Looking ahead, revenue is forecast to grow 6.8% 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 up 6.6% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Pareto Bank.

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