Romsdal Sparebank First Quarter 2025 Earnings: Revenues Beat Expectations
Romsdal Sparebank (OB:ROMSB) First Quarter 2025 Results
Key Financial Results
- Revenue: kr57.6m (up 15% from 1Q 2024).
- Net income: kr17.3m (up 190% from 1Q 2024).
- Profit margin: 30% (up from 12% in 1Q 2024). The increase in margin was primarily driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Romsdal Sparebank Revenues Beat Expectations
Revenue exceeded analyst estimates by 2.6%.
Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Norway.
Performance of the Norwegian Banks industry.
The company's shares are up 2.0% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Romsdal Sparebank (1 doesn't sit too well with us!) that you should be aware of before investing here.
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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.
About OB:ROMSB
Romsdal Sparebank
Operates as a savings bank that provides various financial products and services to retail and corporate customers primarily in Romsdal and southern parts of Nordmøre.
Solid track record with adequate balance sheet.
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