Sparebank 68° Nord Full Year 2022 Earnings: EPS Beats Expectations

Simply Wall St

March 17, 2023

Sparebank 68° Nord (OB:SB68) Full Year 2022 Results

Key Financial Results

Revenue: kr264.7m (down 6.0% from FY 2021).
Net income: kr109.9m (up 170% from FY 2021).
Profit margin: 42% (up from 14% in FY 2021). The increase in margin was driven by lower expenses.
EPS: kr13.96 (up from kr13.59 in FY 2021).

earnings-and-revenue-growth — OB:SB68 Earnings and Revenue Growth March 17th 2023

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

Sparebank 68° Nord EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.4%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Banks industry in Norway.

Performance of the Norwegian Banks industry.

The company's shares are up 4.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Sparebank 68° Nord has 3 warning signs (and 1 which is a bit concerning) we think you should know about.

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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.