TF Bank Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

March 25, 2025

TF Bank (STO:TFBANK) Full Year 2024 Results

Key Financial Results

Revenue: kr1.62b (up 21% from FY 2023).
Net income: kr603.2m (up 60% from FY 2023).
Profit margin: 37% (up from 28% in FY 2023). The increase in margin was driven by higher revenue.
EPS: kr28.06 (up from kr17.53 in FY 2023).

TFBANK Banking Performance Indicators

Cost-to-income ratio: 38.3% (down from 41.6% in FY 2023).
Non-performing loans: 1.34% (down from 8.48% in FY 2023).

earnings-and-revenue-growth — OM:TFBANK Earnings and Revenue Growth March 25th 2025

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

TF Bank EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, while revenues in the Banks industry in Sweden are expected to remain flat.

Performance of the Swedish Banks industry.

The company's shares are down 3.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on TF Bank's balance sheet health.

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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.