SouthPoint Bancshares Past Earnings Performance
Past criteria checks 5/6
SouthPoint Bancshares has been growing earnings at an average annual rate of 27.9%, while the Banks industry saw earnings growing at 10.3% annually. Revenues have been growing at an average rate of 23.6% per year. SouthPoint Bancshares's return on equity is 19.5%, and it has net margins of 31%.
Key information
27.9%
Earnings growth rate
17.3%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 23.6% |
| Return on equity | 19.5% |
| Net Margin | 31.0% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses BreakdownBeta
How SouthPoint Bancshares 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 |
|---|---|---|---|---|
| 30 Sep 23 | 54 | 17 | 25 | 0 |
| 31 Dec 22 | 48 | 13 | 25 | 0 |
| 31 Dec 21 | 34 | 8 | 20 | 0 |
| 31 Dec 20 | 31 | 7 | 18 | 0 |
| 31 Dec 19 | 20 | 5 | 12 | 0 |
| 31 Dec 18 | 17 | 4 | 8 | 0 |
| 31 Dec 17 | 17 | 3 | 8 | 0 |
| 31 Dec 16 | 15 | 3 | 7 | 0 |
| 31 Dec 15 | 12 | 2 | 6 | 0 |
| 31 Dec 14 | 10 | 3 | 5 | 0 |
Quality Earnings: SOUB has high quality earnings.
Growing Profit Margin: SOUB's current net profit margins (31%) are higher than last year (25.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SOUB's earnings have grown significantly by 27.9% per year over the past 5 years.
Accelerating Growth: SOUB's earnings growth over the past year (47.9%) exceeds its 5-year average (27.9% per year).
Earnings vs Industry: SOUB earnings growth over the past year (47.9%) exceeded the Banks industry -9%.
Return on Equity
High ROE: SOUB's Return on Equity (19.5%) is considered low.