Reported Earnings • May 05
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: kr0.84 (down from kr2.16 in 1Q 2025). Revenue: kr154.4m (down 48% from 1Q 2025). Net income: kr76.7m (down 54% from 1Q 2025). Profit margin: 50% (down from 56% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 05
Price target decreased by 11% to kr82.50 Down from kr92.50, the current price target is an average from 2 analysts. New target price is 23% above last closing price of kr66.90. Stock is down 14% over the past year. The company is forecast to post earnings per share of kr4.94 for next year compared to kr8.13 last year. Board Change • May 02
High number of new directors Deputy Director Håkon Astrup was the last director to join the board, commencing their role in 2026. Price Target Changed • May 01
Price target decreased by 10% to kr87.50 Down from kr97.50, the current price target is an average from 2 analysts. New target price is 31% above last closing price of kr67.00. Stock is down 9.0% over the past year. The company is forecast to post earnings per share of kr6.89 for next year compared to kr8.13 last year. Upcoming Dividend • Apr 03
Upcoming dividend of kr8.00 per share Eligible shareholders must have bought the stock before 10 April 2026. Payment date: 20 April 2026. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 9.4%. Within top quartile of Norwegian dividend payers (7.5%). Higher than average of industry peers (5.9%). Declared Dividend • Feb 01
Dividend increased to kr8.00 Dividend of kr8.00 is 93% higher than last year. Ex-date: 10th April 2026 Payment date: 20th April 2026 Dividend yield will be 9.9%, which is higher than the industry average of 5.8%. Sustainability & Growth Dividend is well covered by earnings (48% payout ratio) and is expected to be covered in 3 years' time (64% forecast payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 30
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: kr8.80 (up from kr8.29 in FY 2024). Revenue: kr1.12b (flat on FY 2024). Net income: kr675.6m (up 6.1% from FY 2024). Profit margin: 60% (up from 57% in FY 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 30
Pareto Bank ASA announces Annual dividend, payable on April 20, 2026 Pareto Bank ASA announced Annual dividend of NOK 8.0000 per share payable on April 20, 2026, ex-date on April 10, 2026 and record date on April 13, 2026. Major Estimate Revision • Jan 29
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr1.26b to kr1.23b. EPS estimate also fell from kr8.32 per share to kr7.20 per share. Net income forecast to shrink 12% next year vs 81% growth forecast for Banks industry in Norway . Consensus price target of kr95.00 unchanged from last update. Share price fell 5.6% to kr82.70 over the past week. Reported Earnings • Nov 02
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: kr2.13 (up from kr2.08 in 3Q 2024). Revenue: kr290.5m (up 2.2% from 3Q 2024). Net income: kr176.7m (up 2.0% from 3Q 2024). Profit margin: 61% (in line with 3Q 2024). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 25
Pareto Bank ASA, Annual General Meeting, Apr 09, 2026 Pareto Bank ASA, Annual General Meeting, Apr 09, 2026. Price Target Changed • Jul 21
Price target increased by 11% to kr103 Up from kr92.50, the current price target is an average from 2 analysts. New target price is 13% above last closing price of kr90.80. Stock is up 40% over the past year. The company is forecast to post earnings per share of kr8.78 for next year compared to kr8.29 last year. Reported Earnings • Jul 20
Second quarter 2025 earnings: Revenues exceed analyst expectations Second quarter 2025 results: Revenue: kr326.1m (up 13% from 2Q 2024). Net income: kr200.7m (up 13% from 2Q 2024). Profit margin: 62% (in line with 2Q 2024). Revenue exceeded analyst estimates by 5.0%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Norway. Reported Earnings • May 05
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: kr2.16 (up from kr2.15 in 1Q 2024). Revenue: kr295.2m (up 2.9% from 1Q 2024). Net income: kr178.5m (up 1.3% from 1Q 2024). Profit margin: 61% (in line with 1Q 2024). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 28
Upcoming dividend of kr4.15 per share Eligible shareholders must have bought the stock before 04 April 2025. Payment date: 14 April 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Norwegian dividend payers (8.7%). Lower than average of industry peers (5.9%). Price Target Changed • Mar 26
Price target increased by 11% to kr84.00 Up from kr76.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of kr80.60. Stock is up 37% over the past year. The company is forecast to post earnings per share of kr8.66 for next year compared to kr8.29 last year. Announcement • Feb 20
Pareto Bank ASA (OB:PARB) commences an Equity Buyback Plan, under the authorization approved on April 4, 2024. Pareto Bank ASA (OB:PARB) commences share repurchases on February 7, 2025, under the program mandated by the shareholders in the Annual General Meeting held on April 4, 2024. As per the mandate, the company is authorized to repurchase its own shares.
On February 6, 2025, the company announced a share repurchase program. Under the program, the company will repurchase up to 150,000 shares for NOK 8.5 million. The purpose of the program is to fulfill obligations arising as a result of the company's bonus program, as well as facilitate the implementation of its share purchase program. The program will commence on February 7, 2025 and end no later than March 14, 2025. Reported Earnings • Jan 25
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: kr8.29 (up from kr7.38 in FY 2023). Revenue: kr1.13b (up 13% from FY 2023). Net income: kr636.8m (up 5.2% from FY 2023). Profit margin: 57% (down from 61% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Price Target Changed • Jan 24
Price target increased by 8.6% to kr76.00 Up from kr70.00, the current price target is provided by 1 analyst. New target price is 9.4% above last closing price of kr69.50. Stock is up 25% over the past year. The company is forecast to post earnings per share of kr8.37 for next year compared to kr7.38 last year. Announcement • Jan 02
Pareto Bank ASA, Annual General Meeting, Apr 03, 2025 Pareto Bank ASA, Annual General Meeting, Apr 03, 2025. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: kr2.08 (up from kr1.89 in 3Q 2023). Revenue: kr284.2m (up 12% from 3Q 2023). Net income: kr173.2m (up 12% from 3Q 2023). Profit margin: 61% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Price Target Changed • Sep 27
Price target increased by 7.4% to kr73.00 Up from kr68.00, the current price target is provided by 1 analyst. New target price is 11% above last closing price of kr65.50. Stock is up 22% over the past year. The company is forecast to post earnings per share of kr8.52 for next year compared to kr7.38 last year. Reported Earnings • Jul 22
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: kr2.15 (up from kr2.03 in 2Q 2023). Revenue: kr289.6m (up 14% from 2Q 2023). Net income: kr178.2m (up 15% from 2Q 2023). Profit margin: 62% (in line with 2Q 2023). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, while revenues in the Banks industry in Norway are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Recent Insider Transactions • May 03
Insider recently sold kr3.0m worth of stock On the 30th of April, Sven Klepp sold around 51k shares on-market at roughly kr58.50 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 26
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr286.9m (up 28% from 1Q 2023). Net income: kr176.1m (up 35% from 1Q 2023). Profit margin: 61% (up from 59% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Banks industry in Norway. Upcoming Dividend • Mar 29
Upcoming dividend of kr3.90 per share Eligible shareholders must have bought the stock before 05 April 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 53% and the cash payout ratio is 98%. Trailing yield: 6.6%. Lower than top quartile of Norwegian dividend payers (7.6%). In line with average of industry peers (7.2%). Announcement • Mar 20
Pareto Bank ASA (OB:PARB) announces an Equity Buyback for NOK 9.83 million worth of its shares. Pareto Bank ASA (OB:PARB) announces a share repurchase program. Under the offer, the company will repurchase up to NOK 9.83 million worth of its shares. The purpose of the offer is to meet obligations arising from the company's bonus scheme and employee share purchase program. The offer will be valid till March19, 2024, unless extended or shortened. Reported Earnings • Mar 11
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: kr7.38. Revenue: kr997.7m (up 8.4% from FY 2022). Net income: kr605.5m (up 9.0% from FY 2022). Profit margin: 61% (in line with FY 2022). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Banks industry in Norway. Reported Earnings • Oct 26
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: kr2.22 (up from kr1.85 in 3Q 2022). Revenue: kr254.0m (up 14% from 3Q 2022). Net income: kr155.2m (up 16% from 3Q 2022). Profit margin: 61% (up from 60% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. New Risk • Sep 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Announcement • Aug 23
Pareto Bank ASA announced that it has received NOK 349.999997 million in funding from Pareto AS Pareto Bank ASA announced a private placement to issue 6,930,693 common shares at a price of NOK 50.50 per share for the gross proceeds of NOK 350 million on August 22, 2023. The transaction will include participation from returning investor, Pareto AS. The company, members of the company’s executive management and Board as well as Pareto AS have undertaken a six-month lock-up on customary terms and conditions. The final number of offer shares to be issued will be determined by the company's board of directors in consultation with the managers. Pareto AS, the Company’s largest shareholder holding 20.0% of the outstanding shares of the company has pre-committed to subscribe for, and will be allocated, its pro rata share of the private placement, up to NOK 70 million at the offer price. Reported Earnings • Jul 20
Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint Second quarter 2023 results: EPS: kr2.21 (up from kr1.84 in 2Q 2022). Revenue: kr253.2m (up 14% from 2Q 2022). Net income: kr154.4m (up 16% from 2Q 2022). Profit margin: 61% (up from 60% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Apr 28
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: kr1.79 (up from kr1.64 in 1Q 2022). Revenue: kr223.1m (up 11% from 1Q 2022). Net income: kr130.9m (up 12% from 1Q 2022). Profit margin: 59% (in line with 1Q 2022). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 28
Insider recently sold kr1.0m worth of stock On the 26th of April, Erik Skarbøvig sold around 20k shares on-market at roughly kr51.73 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr1.6m more than they bought in the last 12 months. Upcoming Dividend • Mar 24
Upcoming dividend of kr3.86 per share at 7.4% yield Eligible shareholders must have bought the stock before 31 March 2023. Payment date: 12 April 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 7.4%. Lower than top quartile of Norwegian dividend payers (8.3%). Higher than average of industry peers (6.5%). Recent Insider Transactions • Mar 12
CFO and Head of Finance & Accounting recently sold kr567k worth of stock On the 9th of March, Erling Mork sold around 10k shares on-market at roughly kr58.44 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Erling's only on-market trade for the last 12 months. Price Target Changed • Jan 27
Price target increased by 8.8% to kr62.00 Up from kr57.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of kr54.70. Stock is down 13% over the past year. The company is forecast to post earnings per share of kr7.28 for next year compared to kr7.09 last year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Director Peter Knudsen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 23
Third quarter 2022 earnings released: EPS: kr1.85 (vs kr1.80 in 3Q 2021) Third quarter 2022 results: EPS: kr1.85 (up from kr1.80 in 3Q 2021). Revenue: kr223.1m (up 6.6% from 3Q 2021). Net income: kr133.5m (up 4.5% from 3Q 2021). Profit margin: 60% (down from 61% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Price Target Changed • Oct 05
Price target decreased to kr56.00 Down from kr62.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of kr43.75. Stock is down 19% over the past year. The company is forecast to post earnings per share of kr7.20 for next year compared to kr7.09 last year. Reported Earnings • Jul 22
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr221.5m (up 2.9% from 2Q 2021). Net income: kr133.0m (up 1.3% from 2Q 2021). Profit margin: 60% (down from 61% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.0%, compared to a 8.0% growth forecast for the industry in Norway. Price Target Changed • Jul 05
Price target decreased to kr59.00 Down from kr70.00, the current price target is an average from 2 analysts. New target price is 26% above last closing price of kr47.00. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of kr6.90 for next year compared to kr7.09 last year. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: kr1.64 (down from kr1.68 in 1Q 2021). Revenue: kr200.3m (flat on 1Q 2021). Net income: kr116.9m (down 2.1% from 1Q 2021). Profit margin: 58% (down from 60% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 7.0%, compared to a 7.0% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Price Target Changed • Apr 27
Price target increased to kr70.00 Up from kr65.00, the current price target is an average from 2 analysts. New target price is 25% above last closing price of kr55.80. Stock is up 15% over the past year. The company is forecast to post earnings per share of kr7.30 for next year compared to kr7.09 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Director Peter Knudsen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr7.09 (up from kr5.99 in FY 2020). Revenue: kr830.5m (up 17% from FY 2020). Net income: kr504.5m (up 18% from FY 2020). Profit margin: 61% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 8.5%, compared to a 10% growth forecast for the banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr7.22 (up from kr5.99 in FY 2020). Revenue: kr830.5m (up 17% from FY 2020). Net income: kr504.5m (up 18% from FY 2020). Profit margin: 61% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 8.5%, compared to a 11% growth forecast for the banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 19
Upcoming dividend of kr3.00 per share Eligible shareholders must have bought the stock before 26 November 2021. Payment date: 06 December 2021. Trailing yield: 2.5%. Lower than top quartile of Norwegian dividend payers (4.7%). Lower than average of industry peers (2.9%). Reported Earnings • Jul 22
Second quarter 2021 earnings released: EPS kr1.85 (vs kr1.79 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: kr215.4m (up 3.6% from 2Q 2020). Net income: kr131.3m (up 2.7% from 2Q 2020). Profit margin: 61% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year. Price Target Changed • Jul 21
Price target increased to kr62.00 Up from kr57.00, the current price target is an average from 2 analysts. New target price is 15% above last closing price of kr54.00. Stock is up 41% over the past year. Price Target Changed • Jul 16
Price target increased to kr59.00 Up from kr55.00, the current price target is an average from 2 analysts. New target price is 12% above last closing price of kr52.90. Stock is up 41% over the past year. Recent Insider Transactions • Jul 07
Insider recently bought kr255k worth of stock On the 2nd of July, Gro Wolf-Sørensen bought around 5k shares on-market at roughly kr51.00 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 03
First quarter 2021 earnings released: EPS kr1.68 (vs kr0.97 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr199.3m (up 57% from 1Q 2020). Net income: kr119.4m (up 68% from 1Q 2020). Profit margin: 60% (up from 56% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Is New 90 Day High Low • Mar 04
New 90-day high: kr44.50 The company is up 9.0% from its price of kr40.90 on 04 December 2020. The Norwegian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr76.54 per share. Reported Earnings • Feb 21
Full year 2020 earnings released: EPS kr5.99 (vs kr5.57 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: kr709.7m (up 7.1% from FY 2019). Net income: kr428.4m (up 7.7% from FY 2019). Profit margin: 60% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Analyst Estimate Surprise Post Earnings • Feb 21
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the Banks industry in Norway. Reported Earnings • Feb 02
Full year 2020 earnings released: EPS kr6.13 (vs kr5.57 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: kr709.7m (up 7.1% from FY 2019). Net income: kr428.4m (up 7.7% from FY 2019). Profit margin: 60% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 12%, compared to a 17% growth forecast for the Banks industry in Norway. Is New 90 Day High Low • Jan 29
New 90-day high: kr41.50 The company is up 9.0% from its price of kr38.20 on 30 October 2020. The Norwegian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr87.76 per share. Price Target Changed • Dec 12
Price target lowered to kr41.00 Down from kr46.00, the current price target is an average from 2 analysts. The new target price is close to the current share price of kr40.20. As of last close, the stock is up 7.8% over the past year. Analyst Estimate Surprise Post Earnings • Nov 03
Revenue behind estimates Revenue missed analyst estimates by 11%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 25% growth forecast for the Banks industry in Norway. Is New 90 Day High Low • Oct 08
New 90-day high: kr40.50 The company is up 22% from its price of kr33.10 on 10 July 2020. The Norwegian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr80.46 per share. 