SpareBank 1 Østfold Akershus Past Earnings Performance
Past criteria checks 3/6
SpareBank 1 Østfold Akershus has been growing earnings at an average annual rate of 6.8%, while the Banks industry saw earnings growing at 11.5% annually. Revenues have been growing at an average rate of 7.4% per year. SpareBank 1 Østfold Akershus's return on equity is 10.9%, and it has net margins of 41.3%.
Key information
6.8%
Earnings growth rate
6.8%
EPS growth rate
| Banks Industry Growth | 10.2% |
| Revenue growth rate | 7.4% |
| Return on equity | 10.9% |
| Net Margin | 41.3% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How SpareBank 1 Østfold Akershus 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 | 1,116 | 461 | 301 | 0 |
| 30 Sep 23 | 1,154 | 505 | 289 | 0 |
| 30 Jun 23 | 1,110 | 485 | 279 | 0 |
| 31 Mar 23 | 1,024 | 443 | 271 | 0 |
| 31 Dec 22 | 980 | 423 | 258 | 0 |
| 30 Sep 22 | 899 | 364 | 257 | 0 |
| 30 Jun 22 | 913 | 381 | 254 | 0 |
| 31 Mar 22 | 945 | 418 | 250 | 0 |
| 31 Dec 21 | 927 | 415 | 245 | 0 |
| 30 Sep 21 | 920 | 413 | 242 | 0 |
| 30 Jun 21 | 898 | 402 | 239 | 0 |
| 31 Mar 21 | 863 | 376 | 233 | 0 |
| 31 Dec 20 | 822 | 345 | 232 | 0 |
| 30 Sep 20 | 797 | 333 | 226 | 0 |
| 30 Jun 20 | 779 | 315 | 225 | 0 |
| 31 Mar 20 | 772 | 311 | 224 | 0 |
| 31 Dec 19 | 845 | 378 | 222 | 0 |
| 30 Sep 19 | 827 | 370 | 220 | 0 |
| 30 Jun 19 | 825 | 374 | 217 | 0 |
| 31 Mar 19 | 811 | 366 | 215 | 0 |
| 31 Dec 18 | 775 | 335 | 208 | 0 |
| 30 Sep 18 | 786 | 350 | 226 | 0 |
| 30 Jun 18 | 782 | 360 | 218 | 0 |
| 31 Mar 18 | 750 | 335 | 205 | 0 |
| 31 Dec 17 | 709 | 300 | 205 | 0 |
| 30 Sep 17 | 680 | 270 | 197 | 0 |
| 30 Jun 17 | 689 | 270 | 196 | 0 |
| 31 Mar 17 | 723 | 302 | 197 | 0 |
| 31 Dec 16 | 722 | 305 | 196 | 0 |
| 30 Sep 16 | 698 | 276 | 203 | 0 |
| 30 Jun 16 | 627 | 223 | 204 | 0 |
| 31 Mar 16 | 588 | 196 | 204 | 0 |
| 31 Dec 15 | 596 | 202 | 204 | 0 |
| 30 Sep 15 | 598 | 205 | 228 | 0 |
| 30 Jun 15 | 660 | 245 | 229 | 0 |
| 31 Mar 15 | 659 | 238 | 231 | 0 |
| 31 Dec 14 | 619 | 201 | 231 | 0 |
| 30 Sep 14 | 610 | 226 | 216 | 0 |
| 30 Jun 14 | 573 | 202 | 218 | 0 |
| 31 Mar 14 | 550 | 184 | 216 | 0 |
| 31 Dec 13 | 533 | 171 | 214 | 0 |
| 30 Sep 13 | 509 | 137 | 141 | 0 |
| 30 Jun 13 | 489 | 122 | 160 | 0 |
Quality Earnings: SOAG has high quality earnings.
Growing Profit Margin: SOAG's current net profit margins (41.3%) are lower than last year (43.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SOAG's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: SOAG's earnings growth over the past year (9%) exceeds its 5-year average (6.8% per year).
Earnings vs Industry: SOAG earnings growth over the past year (9%) did not outperform the Banks industry 22.7%.
Return on Equity
High ROE: SOAG's Return on Equity (10.9%) is considered low.