Stock Analysis

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

Published
OB:SB68
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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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