Swedbank (STO:SWED A) Full Year 2024 Results
Key Financial Results
- Revenue: kr74.4b (up 4.2% from FY 2023).
- Net income: kr34.9b (up 2.2% from FY 2023).
- Profit margin: 47% (in line with FY 2023).
- EPS: kr30.99 (up from kr30.35 in FY 2023).
SWED A Banking Performance Indicators
- Net interest margin (NIM): 1.53% (down from 1.62% in FY 2023).
- Cost-to-income ratio: 34.0% (up from 32.0% in FY 2023).
- Non-performing loans: 0.65% (up from 0.52% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Swedbank Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%.
Looking ahead, revenue is expected to fall by 3.3% p.a. on average during the next 3 years compared to a 2.0% decline forecast for the Banks industry in Sweden.
Performance of the Swedish Banks industry.
The company's shares are up 5.2% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Swedbank (at least 1 which is significant), and understanding them should be part of your investment process.
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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.
About OM:SWED A
Swedbank
Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.
Undervalued established dividend payer.
