Stock Analysis
mBank First Quarter 2024 Earnings: EPS: zł6.18 (vs zł3.32 in 1Q 2023)
mBank (WSE:MBK) First Quarter 2024 Results
Key Financial Results
- Revenue: zł2.93b (up 24% from 1Q 2023).
- Net income: zł262.5m (up 84% from 1Q 2023).
- Profit margin: 9.0% (up from 6.0% in 1Q 2023).
- EPS: zł6.18 (up from zł3.32 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
mBank Earnings Insights
Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in Poland.
Performance of the Polish Banks industry.
The company's shares are down 3.8% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for mBank that you should be aware of.
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About WSE:MBK
mBank
Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.
Adequate balance sheet with moderate growth potential.