Stock Analysis
Nova Ljubljanska Banka d.d Full Year 2023 Earnings: EPS: €27.54 (vs €22.34 in FY 2022)
Nova Ljubljanska Banka d.d (LJSE:NLBR) Full Year 2023 Results
Key Financial Results
- Revenue: €1.16b (up 43% from FY 2022).
- Net income: €550.7m (up 23% from FY 2022).
- Profit margin: 48% (down from 55% in FY 2022). The decrease in margin was driven by higher expenses.
- EPS: €27.54 (up from €22.34 in FY 2022).
NLBR Banking Performance Indicators
- Net interest margin (NIM): 3.40% (up from 2.20% in FY 2022).
- Cost-to-income ratio: 45.9% (down from 57.6% in FY 2022).
- Non-performing loans: 2.03% (down from 2.37% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nova Ljubljanska Banka d.d Earnings Insights
The primary driver behind last 12 months revenue was the Foreign Strategic Markets segment contributing a total revenue of €542.7m (47% of total revenue). The largest operating expense was General & Administrative costs, amounting to €480.0m (79% of total expenses). Explore how NLBR's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe.
Performance of the market in Europe.
The company's shares are down 2.8% from a week ago.
Risk Analysis
Be aware that Nova Ljubljanska Banka d.d is showing 3 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...
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About LJSE:NLBR
Nova Ljubljanska Banka d.d
Nova Ljubljanska Banka d.d., together with its subsidiaries, provides various banking services for retail and corporate clients in Slovenia, South East Europe, and Western Europe.
Excellent balance sheet and good value.