Andover Bancorp Past Earnings Performance
Past criteria checks 2/6
Andover Bancorp has been growing earnings at an average annual rate of 2.9%, while the Banks industry saw earnings growing at 7.1% annually. Revenues have been growing at an average rate of 4.4% per year. Andover Bancorp's return on equity is 18.6%, and it has net margins of 20.7%.
Key information
2.9%
Earnings growth rate
5.9%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 4.4% |
| Return on equity | 18.6% |
| Net Margin | 20.7% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How Andover Bancorp 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 | 18 | 4 | 12 | 0 |
| 31 Dec 22 | 19 | 5 | 11 | 0 |
| 31 Dec 21 | 18 | 5 | 10 | 0 |
| 31 Dec 20 | 16 | 4 | 9 | 0 |
| 31 Dec 19 | 15 | 4 | 9 | 0 |
| 31 Dec 18 | 15 | 4 | 9 | 0 |
| 31 Dec 17 | 16 | 4 | 9 | 0 |
| 31 Dec 16 | 16 | 4 | 9 | 0 |
| 31 Dec 15 | 14 | 3 | 8 | 0 |
Quality Earnings: ANDC has high quality earnings.
Growing Profit Margin: ANDC's current net profit margins (20.7%) are lower than last year (26.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ANDC's earnings have grown by 2.9% per year over the past 5 years.
Accelerating Growth: ANDC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ANDC had negative earnings growth (-22.5%) over the past year, making it difficult to compare to the Banks industry average (-12.2%).
Return on Equity
High ROE: ANDC's Return on Equity (18.6%) is considered low.