Stock Analysis
SpareBank 1 Nordmøre (OB:SNOR) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr293.0m (up 38% from 3Q 2023).
- Net income: kr161.0m (up 475% from 3Q 2023).
- Profit margin: 55% (up from 13% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
SpareBank 1 Nordmøre Earnings Insights
Looking ahead, revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Banks industry in Norway are expected to grow by 1.1%.
Performance of the Norwegian Banks industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - SpareBank 1 Nordmøre has 2 warning signs (and 1 which makes us a bit uncomfortable) we think 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
SpareBank 1 Nordmøre
Provides various banking services in Norway.
