SpareBank 1 Ringerike Hadeland Past Earnings Performance
Past criteria checks 3/6
SpareBank 1 Ringerike Hadeland has been growing earnings at an average annual rate of 4.3%, while the Banks industry saw earnings growing at 11.5% annually. Revenues have been growing at an average rate of 4.7% per year. SpareBank 1 Ringerike Hadeland's return on equity is 9.7%, and it has net margins of 42.1%.
Key information
4.3%
Earnings growth rate
4.1%
EPS growth rate
| Banks Industry Growth | 10.2% |
| Revenue growth rate | 4.7% |
| Return on equity | 9.7% |
| Net Margin | 42.1% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
News Flash: Analysts Just Made A Meaningful Upgrade To Their SpareBank 1 Ringerike Hadeland (OB:RING) Forecasts
Feb 22
SpareBank 1 Ringerike Hadeland's (OB:RING) Dividend Is Being Reduced To NOK13.10
Feb 17Is Now The Time To Put SpareBank 1 Ringerike Hadeland (OB:RING) On Your Watchlist?
Nov 04SpareBank 1 Ringerike Hadeland Just Beat EPS By 36%: Here's What Analysts Think Will Happen Next
Aug 18How Does SpareBank 1 Ringerike Hadeland (OB:RING) Fare As A Dividend Stock?
Apr 21Revenue & Expenses BreakdownBeta
How SpareBank 1 Ringerike Hadeland makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 1,067 | 450 | 286 | 0 |
| 30 Sep 23 | 1,081 | 488 | 270 | 0 |
| 30 Jun 23 | 1,006 | 440 | 261 | 0 |
| 31 Mar 23 | 973 | 430 | 254 | 0 |
| 31 Dec 22 | 931 | 410 | 246 | 0 |
| 30 Sep 22 | 891 | 383 | 232 | 0 |
| 30 Jun 22 | 901 | 396 | 231 | 0 |
| 31 Mar 22 | 927 | 426 | 229 | 0 |
| 31 Dec 21 | 927 | 434 | 228 | 0 |
| 30 Sep 21 | 903 | 423 | 221 | 0 |
| 30 Jun 21 | 891 | 422 | 220 | 0 |
| 31 Mar 21 | 834 | 384 | 218 | 0 |
| 31 Dec 20 | 804 | 357 | 219 | 0 |
| 30 Sep 20 | 787 | 338 | 237 | 0 |
| 30 Jun 20 | 766 | 319 | 236 | 0 |
| 31 Mar 20 | 784 | 317 | 237 | 0 |
| 31 Dec 19 | 881 | 415 | 236 | 0 |
| 30 Sep 19 | 889 | 410 | 242 | 0 |
| 30 Jun 19 | 892 | 412 | 244 | 0 |
| 31 Mar 19 | 882 | 413 | 244 | 0 |
| 31 Dec 18 | 792 | 330 | 240 | 0 |
| 30 Sep 18 | 789 | 342 | 232 | 0 |
| 30 Jun 18 | 783 | 344 | 228 | 0 |
| 31 Mar 18 | 767 | 337 | 226 | 0 |
| 31 Dec 17 | 751 | 321 | 231 | 0 |
| 30 Sep 17 | 714 | 280 | 223 | 0 |
| 30 Jun 17 | 752 | 319 | 222 | 0 |
| 31 Mar 17 | 767 | 333 | 221 | 0 |
| 31 Dec 16 | 744 | 314 | 213 | 0 |
| 30 Sep 16 | 736 | 312 | 210 | 0 |
| 30 Jun 16 | 665 | 242 | 210 | 0 |
| 31 Mar 16 | 625 | 209 | 210 | 0 |
| 31 Dec 15 | 616 | 218 | 202 | 0 |
| 30 Sep 15 | 616 | 238 | 132 | 0 |
| 30 Jun 15 | 637 | 270 | 143 | 0 |
| 31 Mar 15 | 642 | 287 | 149 | 0 |
| 31 Dec 14 | 640 | 287 | 166 | 0 |
| 30 Sep 14 | 646 | 289 | 228 | 0 |
| 30 Jun 14 | 618 | 270 | 226 | 0 |
| 31 Mar 14 | 577 | 236 | 226 | 0 |
| 31 Dec 13 | 567 | 233 | 223 | 0 |
| 30 Sep 13 | 525 | 201 | 221 | 0 |
| 30 Jun 13 | 518 | 202 | 217 | 0 |
Quality Earnings: RING has high quality earnings.
Growing Profit Margin: RING's current net profit margins (42.1%) are lower than last year (44%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RING's earnings have grown by 4.3% per year over the past 5 years.
Accelerating Growth: RING's earnings growth over the past year (9.8%) exceeds its 5-year average (4.3% per year).
Earnings vs Industry: RING earnings growth over the past year (9.8%) did not outperform the Banks industry 22.7%.
Return on Equity
High ROE: RING's Return on Equity (9.7%) is considered low.