Grand River Commerce Past Earnings Performance

Past criteria checks 0/6

Grand River Commerce's earnings have been declining at an average annual rate of -49.3%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 4.8% per year.

Key information

-49.3%

Earnings growth rate

-48.4%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	4.8%
Return on equity	-3.2%
Net Margin	-8.4%
Last Earnings Update	30 Sep 2024

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How Grand River Commerce makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:GNRV Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	13	-1	13
30 Jun 24	13	-1	13
31 Mar 24	13	-2	13
31 Dec 23	13	-1	13
30 Sep 23	17	-6	20
30 Jun 23	16	-6	19
31 Mar 23	15	-4	17
31 Dec 22	15	1	12
30 Sep 22	15	0	13
30 Jun 22	16	1	12
31 Mar 22	16	2	12
31 Dec 21	17	3	11
30 Sep 21	17	4	11
30 Jun 21	17	4	11
31 Mar 21	16	4	9
31 Dec 20	14	3	9
30 Sep 20	12	3	8
30 Jun 20	11	2	8
31 Mar 20	10	1	8
31 Dec 19	10	2	7
30 Sep 19	9	1	7
30 Jun 19	9	1	7
31 Mar 19	9	1	6
31 Dec 18	8	1	6
30 Sep 18	8	1	6
30 Jun 18	8	1	6
31 Mar 18	8	1	6
31 Dec 17	8	0	6
30 Sep 17	8	1	6
30 Jun 17	8	1	6
31 Mar 17	7	1	6
31 Dec 16	7	3	6
30 Sep 16	7	2	6
30 Jun 16	7	2	5
31 Mar 16	6	2	5
31 Dec 15	6	0	5
30 Sep 15	5	0	4
30 Jun 15	5	0	4
31 Mar 15	5	0	4
31 Dec 14	5	0	4

Quality Earnings: GNRV is currently unprofitable.

Growing Profit Margin: GNRV is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GNRV is unprofitable, and losses have increased over the past 5 years at a rate of 49.3% per year.

Accelerating Growth: Unable to compare GNRV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GNRV is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-11.7%).

Return on Equity

High ROE: GNRV has a negative Return on Equity (-3.17%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/07 18:40
End of Day Share Price	2024/12/31 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Grand River Commerce, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution