Bank Millennium Past Earnings Performance
Past criteria checks 1/6
Bank Millennium's earnings have been declining at an average annual rate of -39.9%, while the Banks industry saw earnings growing at 16.5% annually. Revenues have been growing at an average rate of 16.3% per year. Bank Millennium's return on equity is 8.3%, and it has net margins of 8.5%.
Key information
-39.9%
Earnings growth rate
-39.9%
EPS growth rate
| Banks Industry Growth | 9.9% |
| Revenue growth rate | 16.3% |
| Return on equity | 8.3% |
| Net Margin | 8.5% |
| Next Earnings Update | 10 May 2024 |
Recent past performance updates
Recent updates
Earnings Update: Bank Millennium S.A. (WSE:MIL) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts
Jul 29
Need To Know: Analysts Are Much More Bullish On Bank Millennium S.A. (WSE:MIL) Revenues
Jun 06We Discuss Why Bank Millennium S.A.'s (WSE:MIL) CEO Compensation May Be Closely Reviewed
Mar 17If You Had Bought Bank Millennium's (WSE:MIL) Shares Three Years Ago You Would Be Down 59%
Jan 22Do Institutions Own Bank Millennium S.A. (WSE:MIL) Shares?
Nov 30Revenue & Expenses BreakdownBeta
How Bank Millennium 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 | 6,744 | 576 | 1,901 | 0 |
| 30 Sep 23 | 6,560 | 694 | 1,771 | 0 |
| 30 Jun 23 | 4,880 | -409 | 1,743 | 0 |
| 31 Mar 23 | 4,646 | -655 | 1,968 | 0 |
| 31 Dec 22 | 3,879 | -1,015 | 2,009 | 0 |
| 30 Sep 22 | 3,212 | -1,798 | 1,912 | 0 |
| 30 Jun 22 | 4,071 | -1,108 | 1,875 | 0 |
| 31 Mar 22 | 3,651 | -1,168 | 1,556 | 0 |
| 31 Dec 21 | 3,358 | -1,357 | 1,498 | 0 |
| 30 Sep 21 | 3,419 | -932 | 1,597 | 0 |
| 30 Jun 21 | 3,387 | -561 | 1,599 | 0 |
| 31 Mar 21 | 3,227 | -307 | 1,613 | 0 |
| 31 Dec 20 | 3,214 | 23 | 1,673 | 0 |
| 30 Sep 20 | 3,187 | 159 | 1,747 | 0 |
| 30 Jun 20 | 3,302 | 299 | 1,808 | 0 |
| 31 Mar 20 | 3,278 | 419 | 1,711 | 0 |
| 31 Dec 19 | 3,127 | 561 | 1,535 | 0 |
| 30 Sep 19 | 2,908 | 746 | 1,336 | 0 |
| 30 Jun 19 | 2,675 | 746 | 1,185 | 0 |
| 31 Mar 19 | 2,592 | 765 | 1,191 | 0 |
| 31 Dec 18 | 2,546 | 761 | 1,218 | 0 |
| 30 Sep 18 | 2,454 | 728 | 1,209 | 0 |
| 30 Jun 18 | 2,420 | 715 | 1,184 | 0 |
| 31 Mar 18 | 2,394 | 696 | 1,175 | 0 |
| 31 Dec 17 | 2,341 | 681 | 1,160 | 0 |
| 30 Sep 17 | 2,311 | 633 | 1,163 | 0 |
| 30 Jun 17 | 2,241 | 584 | 1,150 | 0 |
| 31 Mar 17 | 2,438 | 705 | 1,138 | 0 |
| 31 Dec 16 | 2,389 | 701 | 1,095 | 0 |
| 30 Sep 16 | 2,345 | 623 | 1,671 | 0 |
| 30 Jun 16 | 2,298 | 650 | 1,464 | 0 |
| 31 Mar 16 | 2,012 | 521 | 1,261 | 0 |
| 31 Dec 15 | 1,988 | 547 | 1,060 | 0 |
| 30 Sep 15 | 1,978 | 651 | 278 | 0 |
| 30 Jun 15 | 2,007 | 659 | 286 | 0 |
| 31 Mar 15 | 2,016 | 657 | 297 | 0 |
| 31 Dec 14 | 2,034 | 651 | 301 | 0 |
| 30 Sep 14 | 2,031 | 636 | 298 | 0 |
| 30 Jun 14 | 1,968 | 602 | -101 | 0 |
| 31 Mar 14 | 1,908 | 572 | 96 | 0 |
| 31 Dec 13 | 1,838 | 536 | 288 | 0 |
| 30 Sep 13 | 1,806 | 519 | -320 | 0 |
| 30 Jun 13 | 1,794 | 505 | 264 | 0 |
Quality Earnings: MIL has a large one-off loss of PLN3.1B impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: MIL became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MIL's earnings have declined by 39.9% per year over the past 5 years.
Accelerating Growth: MIL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MIL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (101%).
Return on Equity
High ROE: MIL's Return on Equity (8.3%) is considered low.