Pareto Bank (OB:PARB) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr289.6m (up 14% from 2Q 2023).
- Net income: kr178.2m (up 15% from 2Q 2023).
- Profit margin: 62% (in line with 2Q 2023).
- EPS: kr2.15 (up from kr2.03 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pareto Bank Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Norway are expected to remain flat.
Performance of the Norwegian Banks industry.
The company's shares are up 2.6% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Pareto Bank has 3 warning signs we think you should be aware of.
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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.
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About OB:PARB
Undervalued with proven track record and pays a dividend.
