Sparebank 68° Nord Full Year 2022 Earnings: EPS Beats Expectations
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).
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.
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
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Sparebank 68° Nord
Sparebank 68° Nord operates as a savings bank that provides a range of banking services to private customers and companies in Norway.
Solid track record and good value.