Harford Bank Past Earnings Performance

Past criteria checks 3/6

Harford Bank has been growing earnings at an average annual rate of 29.2%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 14.9% per year. Harford Bank's return on equity is 10.6%, and it has net margins of 25.8%.

Key information

29.2%

Earnings growth rate

27.6%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	14.9%
Return on equity	10.6%
Net Margin	25.8%
Last Earnings Update	30 Sep 2023

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

How Harford Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

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

Quality Earnings: HFBK has high quality earnings.

Growing Profit Margin: HFBK's current net profit margins (25.8%) are higher than last year (23%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if HFBK's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare HFBK's past year earnings growth to its 5-year average.

Earnings vs Industry: HFBK earnings growth over the past year (29.2%) exceeded the Banks industry -11.8%.

Return on Equity

High ROE: HFBK's Return on Equity (10.6%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 06:13
End of Day Share Price	2024/12/24 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

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

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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

Harford Bank 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