SpareBank 1 Østfold Akershus Full Year 2024 Earnings: Revenues Disappoint

SpareBank 1 Østfold Akershus (OB:SOAG) Full Year 2024 Results

Key Financial Results

• Revenue: kr1.31b (up 18% from FY 2023).
• Net income: kr651.0m (up 41% from FY 2023).
• Profit margin: 50% (up from 41% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: kr49.01 (up from kr37.21 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SpareBank 1 Østfold Akershus Revenues Disappoint

Revenue missed analyst estimates by 19%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Banks industry in Norway are expected to grow by 2.7%.

Performance of the Norwegian Banks industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

Be aware that SpareBank 1 Østfold Akershus is showing 2 warning signs in our investment analysis and 1 of those doesn't sit too well with us...

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