SpareBank 1 Nordmøre Past Earnings Performance
Past criteria checks 2/6
SpareBank 1 Nordmøre has been growing earnings at an average annual rate of 34.1%, while the Banks industry saw earnings growing at 11.5% annually. Revenues have been growing at an average rate of 14.8% per year. SpareBank 1 Nordmøre's return on equity is 8.4%, and it has net margins of 13.3%.
Key information
34.1%
Earnings growth rate
-3.9%
EPS growth rate
| Banks Industry Growth | 10.2% |
| Revenue growth rate | 14.8% |
| Return on equity | 8.4% |
| Net Margin | 13.3% |
| Last Earnings Update | 31 Dec 2023 |
Revenue & Expenses BreakdownBeta
How SpareBank 1 Nordmøre 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 | 835 | 111 | 253 | 0 |
| 30 Sep 23 | 836 | 124 | 241 | 0 |
| 30 Jun 23 | 784 | 114 | 240 | 0 |
| 31 Mar 23 | 763 | 113 | 227 | 0 |
| 31 Dec 22 | 770 | 124 | 222 | 0 |
| 30 Sep 22 | 692 | 88 | 251 | 0 |
| 30 Jun 22 | 698 | 81 | 240 | 0 |
| 31 Mar 22 | 684 | 74 | 222 | 0 |
| 31 Dec 21 | 597 | 53 | 197 | 0 |
| 30 Sep 21 | 547 | 45 | 165 | 0 |
| 30 Jun 21 | 501 | 41 | 153 | 0 |
| 31 Mar 21 | 442 | 29 | 139 | 0 |
| 31 Dec 20 | 428 | 21 | 144 | 0 |
| 30 Sep 20 | 435 | 33 | 156 | 0 |
| 30 Jun 20 | 419 | 31 | 160 | 0 |
| 31 Mar 20 | 432 | 32 | 161 | 0 |
| 31 Dec 19 | 520 | 46 | 159 | 0 |
| 30 Sep 19 | 507 | 36 | 152 | 0 |
| 30 Jun 19 | 490 | 34 | 152 | 0 |
| 31 Mar 19 | 479 | 34 | 151 | 0 |
| 31 Dec 18 | 412 | 23 | 147 | 0 |
| 30 Sep 18 | 448 | 17 | 218 | 0 |
| 30 Jun 18 | 456 | 19 | 202 | 0 |
| 31 Mar 18 | 471 | 23 | 202 | 0 |
| 31 Dec 17 | 453 | 19 | 201 | 0 |
| 30 Sep 17 | 414 | 163 | 122 | 0 |
| 30 Jun 17 | 428 | 162 | 149 | 0 |
| 31 Mar 17 | 427 | 158 | 162 | 0 |
| 31 Dec 16 | 411 | 157 | 173 | 0 |
| 30 Sep 16 | 405 | 31 | 139 | 0 |
| 30 Jun 16 | 360 | 86 | 131 | 0 |
| 31 Mar 16 | 324 | 61 | 125 | 0 |
| 31 Dec 15 | 326 | 84 | 124 | 0 |
| 30 Sep 15 | 319 | 84 | 118 | 0 |
| 30 Jun 15 | 354 | 63 | 121 | 0 |
| 31 Mar 15 | 365 | 129 | 122 | 0 |
| 31 Dec 14 | 365 | 131 | 119 | 0 |
| 30 Sep 14 | 372 | 56 | 131 | 0 |
| 30 Jun 14 | 352 | 39 | 127 | 0 |
| 31 Mar 14 | 334 | 32 | 125 | 0 |
| 31 Dec 13 | 316 | 13 | 121 | 0 |
| 30 Sep 13 | 292 | 76 | 116 | 0 |
| 30 Jun 13 | 279 | 76 | 112 | 0 |
Quality Earnings: SNOR has high quality earnings.
Growing Profit Margin: SNOR's current net profit margins (13.3%) are lower than last year (16.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SNOR's earnings have grown significantly by 34.1% per year over the past 5 years.
Accelerating Growth: SNOR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SNOR had negative earnings growth (-10.5%) over the past year, making it difficult to compare to the Banks industry average (19.7%).
Return on Equity
High ROE: SNOR's Return on Equity (8.4%) is considered low.