Stock Analysis

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

Source: Shutterstock

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).
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.

Valuation is complex, but we're helping make it simple.

Find out whether Sparebank 68° Nord is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis