Bank of Punjab Past Earnings Performance

Past criteria checks 3/6

Bank of Punjab has been growing earnings at an average annual rate of 8.6%, while the Banks industry saw earnings growing at 26% annually. Revenues have been growing at an average rate of 17.7% per year. Bank of Punjab's return on equity is 15.8%, and it has net margins of 18.5%.

Key information

8.6%

Earnings growth rate

8.5%

EPS growth rate

Banks Industry Growth	20.1%
Revenue growth rate	17.7%
Return on equity	15.8%
Net Margin	18.5%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Bank of Punjab makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

KASE:BOP Revenue, expenses and earnings (PKR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	64,805	11,987	1,085
31 Mar 24	61,644	11,582	1,090
31 Dec 23	58,573	11,081	1,008
30 Sep 23	49,687	8,943	711
30 Jun 23	46,506	8,606	723
31 Mar 23	45,933	9,641	838
31 Dec 22	46,363	10,628	851
30 Sep 22	44,877	11,201	999
30 Jun 22	44,379	12,175	1,020
31 Mar 22	41,896	12,635	1,234
31 Dec 21	39,580	12,316	1,015
30 Sep 21	34,740	9,704	1,074
30 Jun 21	32,396	8,746	1,097
31 Mar 21	30,996	7,154	879
31 Dec 20	29,633	6,819	692
30 Sep 20	30,680	7,794	713
30 Jun 20	30,077	7,779	606
31 Mar 20	29,360	7,770	480
31 Dec 19	29,089	8,160	389
30 Sep 19	28,178	8,139	98
30 Jun 19	26,856	7,657	132
31 Mar 19	26,179	7,469	160
31 Dec 18	25,006	7,537	141
30 Sep 18	10,519	-1,050	-7,254
30 Jun 18	8,632	-1,728	-4,690
31 Mar 18	6,380	-3,003	-2,124
31 Dec 17	5,288	-3,384	118
30 Sep 17	17,389	4,041	9,453
30 Jun 17	17,257	4,237	9,006
31 Mar 17	17,281	4,921	8,539
31 Dec 16	16,438	4,821	8,216
30 Sep 16	15,952	5,000	8,035
30 Jun 16	15,354	4,751	7,808
31 Mar 16	15,237	4,866	7,462
31 Dec 15	15,171	4,718	7,232
30 Sep 15	13,982	4,439	6,984
30 Jun 15	13,320	4,203	6,665
31 Mar 15	12,326	3,701	6,444
31 Dec 14	10,614	2,842	6,083
30 Sep 14	10,116	2,669	5,773
30 Jun 14	9,250	2,299	5,485
31 Mar 14	8,624	2,049	5,252
31 Dec 13	8,263	1,915	5,093
30 Sep 13	7,778	2,412	4,947

Quality Earnings: BOP has high quality earnings.

Growing Profit Margin: BOP's current net profit margins (18.5%) are lower than last year (18.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BOP's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: BOP's earnings growth over the past year (39.3%) exceeds its 5-year average (8.6% per year).

Earnings vs Industry: BOP earnings growth over the past year (39.3%) did not outperform the Banks industry 48.7%.

Bank of Punjab Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

Second quarter 2024 earnings released: EPS: PK₨0.80 (vs PK₨0.67 in 2Q 2023)

The Bank of Punjab to Report First Half, 2024 Results on Aug 28, 2024

Full year 2023 earnings released: EPS: PK₨3.39 (vs PK₨3.25 in FY 2022)

Third quarter 2023 earnings released: EPS: PK₨0.75 (vs PK₨0.66 in 3Q 2022)

Second quarter 2023 earnings released: EPS: PK₨0.67 (vs PK₨0.98 in 2Q 2022)

First quarter 2023 earnings released: EPS: PK₨0.39 (vs PK₨0.66 in 1Q 2022)

Recent updates

Second quarter 2024 earnings released: EPS: PK₨0.80 (vs PK₨0.67 in 2Q 2023)

The Bank of Punjab to Report First Half, 2024 Results on Aug 28, 2024

Now 23% overvalued

Price target increased by 28% to PK₨7.90

Upcoming dividend of PK₨1.00 per share

Full year 2023 earnings released: EPS: PK₨3.39 (vs PK₨3.25 in FY 2022)

Investor sentiment improves as stock rises 20%

Investor sentiment improves as stock rises 19%

Third quarter 2023 earnings released: EPS: PK₨0.75 (vs PK₨0.66 in 3Q 2022)

Second quarter 2023 earnings released: EPS: PK₨0.67 (vs PK₨0.98 in 2Q 2022)

New minor risk - Share price stability

First quarter 2023 earnings released: EPS: PK₨0.39 (vs PK₨0.66 in 1Q 2022)

Full year 2022 earnings released: EPS: PK₨3.57 (vs PK₨4.14 in FY 2021)

Now 20% undervalued after recent price drop

Price target decreased to PK₨8.64

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: PK₨0.73 (vs PK₨1.05 in 3Q 2021)

Second quarter 2022 earnings released: EPS: PK₨1.08 (vs PK₨1.23 in 2Q 2021)

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

First quarter 2022 earnings released: EPS: PK₨0.81 (vs PK₨0.61 in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: EPS PK₨1.18 (vs PK₨0.81 in 3Q 2020)

Second quarter 2021 earnings released: EPS PK₨1.39 (vs PK₨0.79 in 2Q 2020)

Price target increased to PK₨13.90

First quarter 2021 earnings released: EPS PK₨0.69 (vs PK₨0.55 in 1Q 2020)

Upcoming Dividend of PK₨1.00 Per Share

Full year 2020 earnings released: EPS PK₨2.58 (vs PK₨3.09 in FY 2019)

New 90-day low: PK₨8.92

Price target raised to PK₨13.73

Full year 2020 earnings released: EPS PK₨2.58 (vs PK₨3.09 in FY 2019)

New 90-day high: PK₨9.61

Third quarter earnings released

New 90-day low: PK₨8.76

Price target lowered to PK₨13.61

First half earnings released

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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