Romerike Sparebank Reports Full Year 2024 Earnings

Romerike Sparebank (OB:ROMER) Full Year 2024 Results

Key Financial Results

• Revenue: kr439.2m (up 9.7% from FY 2023).
• Net income: kr192.1m (up by kr163.1m from FY 2023).
• Profit margin: 44% (up from 7.2% in FY 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

Romerike Sparebank Earnings Insights

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the Banks industry in Norway.

Performance of the Norwegian Banks industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Romerike Sparebank that you need to be mindful of.

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