Romsdal Sparebank Past Earnings Performance
Past criteria checks 2/6
Romsdalrebank has been growing earnings at an average annual rate of 29.9%, while the Banks industry saw earnings growing at 11.5% annually. Revenues have been growing at an average rate of 9.6% per year. Romsdalrebank's return on equity is 6.8%, and it has net margins of 8.7%.
Key information
29.9%
Earnings growth rate
20.7%
EPS growth rate
| Banks Industry Growth | 10.2% |
| Revenue growth rate | 9.6% |
| Return on equity | 6.8% |
| Net Margin | 8.7% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Romsdal Sparebank 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 | 196 | 17 | 67 | 0 |
| 30 Sep 23 | 199 | 20 | 62 | 0 |
| 30 Jun 23 | 196 | 20 | 60 | 0 |
| 31 Mar 23 | 186 | 19 | 58 | 0 |
| 31 Dec 22 | 177 | 17 | 56 | 0 |
| 30 Sep 22 | 176 | 18 | 54 | 0 |
| 30 Jun 22 | 169 | 17 | 54 | 0 |
| 31 Mar 22 | 165 | 16 | 54 | 0 |
| 31 Dec 21 | 160 | 16 | 53 | 0 |
| 30 Sep 21 | 153 | 12 | 52 | 0 |
| 30 Jun 21 | 150 | 16 | 51 | 0 |
| 31 Mar 21 | 145 | 23 | 50 | 0 |
| 31 Dec 20 | 137 | 9 | 51 | 0 |
| 30 Sep 20 | 137 | -1 | 58 | 0 |
| 30 Jun 20 | 138 | 0 | 71 | 0 |
| 31 Mar 20 | 136 | -3 | 79 | 0 |
| 31 Dec 19 | 137 | 9 | 80 | 0 |
| 30 Sep 19 | 132 | 6 | 77 | 0 |
| 30 Jun 19 | 132 | 7 | 76 | 0 |
| 31 Mar 19 | 130 | 5 | 80 | 0 |
| 31 Dec 18 | 129 | 7 | 88 | 0 |
| 30 Sep 18 | 127 | 3 | 82 | 0 |
| 30 Jun 18 | 124 | 1 | 80 | 0 |
| 31 Mar 18 | 124 | 6 | 72 | 0 |
| 31 Dec 17 | 125 | 9 | 69 | 0 |
| 31 Mar 17 | 89 | 5 | 47 | 0 |
| 31 Dec 16 | 77 | 3 | 38 | 0 |
| 31 Dec 15 | 72 | 20 | 38 | 0 |
| 31 Dec 14 | 72 | 22 | 34 | 0 |
| 30 Sep 14 | 71 | 19 | 34 | 0 |
| 30 Jun 14 | 69 | 17 | 35 | 0 |
| 31 Mar 14 | 65 | 14 | 35 | 0 |
| 31 Dec 13 | 62 | 12 | 36 | 0 |
Quality Earnings: ROMSB has high quality earnings.
Growing Profit Margin: ROMSB's current net profit margins (8.7%) are lower than last year (9.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ROMSB's earnings have grown significantly by 29.9% per year over the past 5 years.
Accelerating Growth: ROMSB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ROMSB had negative earnings growth (-2.1%) over the past year, making it difficult to compare to the Banks industry average (22.7%).
Return on Equity
High ROE: ROMSB's Return on Equity (6.8%) is considered low.