Lea Bank Full Year 2024 Earnings: EPS Beats Expectations

Lea Bank (STO:LEA) Full Year 2024 Results

Key Financial Results

• Revenue: kr318.0m (up 1.8% from FY 2023).
• Net income: kr91.8m (down 14% from FY 2023).
• Profit margin: 29% (down from 34% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: kr0.96 (down from kr1.12 in FY 2023).

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

Lea Bank EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%.

In the last 12 months, the only revenue segment was Banking contributing kr318.0m. The largest operating expense was General & Administrative costs, amounting to kr179.6m (79% of total expenses). Explore how LEA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 1.1% decline forecast for the Banks industry in Sweden.

Performance of the Swedish Banks industry.

The company's shares are up 13% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Lea Bank (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

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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.