SpareBank 1 Nordmøre Full Year 2023 Earnings: EPS Misses Expectations
SpareBank 1 Nordmøre (OB:SNOR) Full Year 2023 Results
Key Financial Results
- Revenue: kr834.0m (up 8.2% from FY 2022).
- Net income: kr314.0m (up 153% from FY 2022).
- Profit margin: 38% (up from 16% in FY 2022). The increase in margin was primarily driven by lower expenses.
- EPS: kr12.31.
All figures shown in the chart above are for the trailing 12 month (TTM) period
SpareBank 1 Nordmøre EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Banks industry in Norway.
Performance of the Norwegian Banks industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that SpareBank 1 Nordmøre is showing 1 warning sign in our investment analysis that 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.
About OB:SNOR
Fair value with mediocre balance sheet.
