Sparebanken Vest Full Year 2024 Earnings: In Line With Expectations

Sparebanken Vest (OB:SVEG) Full Year 2024 Results

Key Financial Results

• Revenue: kr7.53b (up 22% from FY 2023).
• Net income: kr1.83b (up 31% from FY 2023).
• Profit margin: 24% (up from 23% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: kr16.67 (up from kr12.75 in FY 2023).

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

SVEG Banking Performance Indicators

• Net interest margin (NIM): 1.85% (up from 1.79% in FY 2023).
• Cost-to-income ratio: 25.2% (down from 28.3% in FY 2023).
• Non-performing loans: 0.18% (down from 0.31% in FY 2023).

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

Sparebanken Vest Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Banking Operations - Retail Market segment contributing a total revenue of kr3.20b (42% of total revenue). Explore how SVEG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Norway.

Performance of the Norwegian Banks industry.

The company's shares are down 11% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Sparebanken Vest , and understanding them should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.