Romerike Sparebank Third Quarter 2024 Earnings: Revenues Beat Expectations

Romerike Sparebank (OB:ROMER) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr110.7m (up 9.9% from 3Q 2023).
• Net income: kr46.1m (up from kr28.7m loss in 3Q 2023).
• Profit margin: 42% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Romerike Sparebank Revenues Beat Expectations

Revenue exceeded analyst estimates by 16%.

Looking ahead, revenue is expected to decline by 6.5% p.a. on average during the next 2 years, while revenues in the Banks industry in Norway are expected to grow by 1.1%.

Performance of the Norwegian Banks industry.

The company's shares are down 1.0% from a week ago.

Risk Analysis

Be aware that Romerike Sparebank is showing 2 warning signs in our investment analysis that you should know about...

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