Sparebank 68° Nord Past Earnings Performance
Past criteria checks 3/6
Sparebank 68° Nord has been growing earnings at an average annual rate of 7%, while the Banks industry saw earnings growing at 11.5% annually. Revenues have been growing at an average rate of 19.4% per year. Sparebank 68° Nord's return on equity is 8.7%, and it has net margins of 14.8%.
Key information
7.0%
Earnings growth rate
3.2%
EPS growth rate
| Banks Industry Growth | 10.2% |
| Revenue growth rate | 19.4% |
| Return on equity | 8.7% |
| Net Margin | 14.8% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Sparebank 68° Nord 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 | 308 | 46 | 81 | 0 |
| 30 Sep 23 | 289 | 47 | 80 | 0 |
| 30 Jun 23 | 298 | 48 | 79 | 0 |
| 31 Mar 23 | 287 | 46 | 78 | 0 |
| 31 Dec 22 | 265 | 42 | 78 | 0 |
| 30 Sep 22 | 284 | 41 | 79 | 0 |
| 30 Jun 22 | 275 | 38 | 79 | 0 |
| 31 Mar 22 | 277 | 42 | 81 | 0 |
| 31 Dec 21 | 282 | 41 | 77 | 0 |
| 30 Sep 21 | 250 | 33 | 69 | 0 |
| 30 Jun 21 | 255 | 35 | 67 | 0 |
| 31 Mar 21 | 213 | 28 | 58 | 0 |
| 31 Dec 20 | 190 | 23 | 53 | 0 |
| 30 Sep 20 | 183 | 2 | 42 | 0 |
| 30 Jun 20 | 154 | 8 | 36 | 0 |
| 31 Mar 20 | 157 | 20 | 36 | 0 |
| 31 Dec 19 | 157 | 26 | 34 | 0 |
| 30 Sep 19 | 141 | 53 | 38 | 0 |
| 30 Jun 19 | 123 | 43 | 41 | 0 |
| 31 Mar 19 | 118 | 46 | 43 | 0 |
| 31 Dec 18 | 108 | 45 | 45 | 0 |
| 30 Sep 18 | 105 | 44 | 43 | 0 |
| 30 Jun 18 | 106 | 46 | 43 | 0 |
| 31 Mar 18 | 96 | 36 | 44 | 0 |
| 31 Dec 17 | 93 | 33 | 43 | 0 |
| 30 Sep 17 | 92 | 34 | 42 | 0 |
| 30 Jun 17 | 94 | 36 | 41 | 0 |
| 31 Mar 17 | 94 | 38 | 40 | 0 |
| 31 Dec 16 | 92 | 36 | 40 | 0 |
| 31 Dec 15 | 79 | 29 | 35 | 0 |
Quality Earnings: SB68 has high quality earnings.
Growing Profit Margin: SB68's current net profit margins (14.8%) are lower than last year (15.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SB68's earnings have grown by 7% per year over the past 5 years.
Accelerating Growth: SB68's earnings growth over the past year (9.3%) exceeds its 5-year average (7% per year).
Earnings vs Industry: SB68 earnings growth over the past year (9.3%) did not outperform the Banks industry 22.7%.
Return on Equity
High ROE: SB68's Return on Equity (8.7%) is considered low.