Voss Veksel- og Landmandsbank Past Earnings Performance
Past criteria checks 5/6
Voss Veksel- og Landmandsbank has been growing earnings at an average annual rate of 11.1%, while the Banks industry saw earnings growing at 11.5% annually. Revenues have been growing at an average rate of 9.4% per year. Voss Veksel- og Landmandsbank's return on equity is 10.7%, and it has net margins of 45.3%.
Key information
11.1%
Earnings growth rate
6.3%
EPS growth rate
| Banks Industry Growth | 10.2% |
| Revenue growth rate | 9.4% |
| Return on equity | 10.7% |
| Net Margin | 45.3% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Voss Veksel- og Landmandsbank 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 | 171 | 78 | 33 | 0 |
| 30 Sep 23 | 164 | 68 | 35 | 0 |
| 30 Jun 23 | 150 | 63 | 32 | 0 |
| 31 Mar 23 | 141 | 60 | 31 | 0 |
| 31 Dec 22 | 130 | 54 | 29 | 0 |
| 30 Sep 22 | 116 | 49 | 27 | 0 |
| 30 Jun 22 | 113 | 46 | 28 | 0 |
| 31 Mar 22 | 107 | 42 | 27 | 0 |
| 31 Dec 21 | 109 | 45 | 27 | 0 |
| 30 Sep 21 | 107 | 38 | 26 | 0 |
| 30 Jun 21 | 107 | 40 | 26 | 0 |
| 31 Mar 21 | 104 | 37 | 26 | 0 |
| 31 Dec 20 | 99 | 33 | 26 | 0 |
| 30 Sep 20 | 102 | 41 | 26 | 0 |
| 30 Jun 20 | 105 | 41 | 26 | 0 |
| 31 Mar 20 | 106 | 44 | 25 | 0 |
| 31 Dec 19 | 109 | 47 | 25 | 0 |
| 30 Sep 19 | 106 | 43 | 26 | 0 |
| 30 Jun 19 | 104 | 43 | 26 | 0 |
| 31 Mar 19 | 104 | 42 | 28 | 0 |
| 31 Dec 18 | 102 | 40 | 28 | 0 |
| 30 Sep 18 | 101 | 39 | 30 | 0 |
| 30 Jun 18 | 87 | 24 | 31 | 0 |
| 31 Mar 18 | 86 | 23 | 33 | 0 |
| 31 Dec 17 | 83 | 20 | 33 | 0 |
| 30 Sep 17 | 79 | 19 | 32 | 0 |
| 30 Jun 17 | 86 | 27 | 36 | 0 |
| 31 Mar 17 | 88 | 29 | 39 | 0 |
| 31 Dec 16 | 85 | 29 | 44 | 0 |
| 30 Sep 16 | 86 | 28 | 45 | 0 |
| 30 Jun 16 | 84 | 26 | 45 | 0 |
| 31 Mar 16 | 73 | 18 | 43 | 0 |
| 31 Dec 15 | 70 | 17 | 43 | 0 |
| 30 Sep 15 | 68 | 15 | 42 | 0 |
| 30 Jun 15 | 72 | 19 | 41 | 0 |
| 31 Mar 15 | 83 | 30 | 40 | 0 |
| 31 Dec 14 | 89 | 34 | 40 | 0 |
| 30 Sep 14 | 89 | 36 | 38 | 0 |
| 30 Jun 14 | 88 | 35 | 39 | 0 |
| 31 Mar 14 | 80 | 27 | 40 | 0 |
| 31 Dec 13 | 75 | 23 | 40 | 0 |
| 30 Sep 13 | 73 | 19 | 42 | 0 |
| 30 Jun 13 | 70 | 16 | 42 | 0 |
Quality Earnings: VVL has high quality earnings.
Growing Profit Margin: VVL's current net profit margins (45.3%) are higher than last year (41.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VVL's earnings have grown by 11.1% per year over the past 5 years.
Accelerating Growth: VVL's earnings growth over the past year (43.3%) exceeds its 5-year average (11.1% per year).
Earnings vs Industry: VVL earnings growth over the past year (43.3%) exceeded the Banks industry 22.7%.
Return on Equity
High ROE: VVL's Return on Equity (10.7%) is considered low.