Pareto Bank (OB:PARB) Second Quarter 2024 Results

Key Financial Results

• Turnover: DKK 289.6 million (up 14% from Q2 2023).
• Net income: KRW 178.2 million (up 15% from Q2 2023).
• Profit margin: 62% (in line with 2Q 2023).
• EPS: kr2.15 (up from kr2.03 in 2Q 2023).

All figures in the above graph are for the last 12 months (TTM)

Pareto Bank’s revenue and profit exceed expectations

Revenue beat analyst estimates by 1.8%. Earnings per share (EPS) also beat analyst estimates by 5.0%.

Looking ahead, revenues are expected to grow by an average of 6.6% per year over the next three years, while revenues in the banking sector in Norway are expected to remain flat.

Performance of the Norwegian banking sector.

The company’s shares rose 2.6% from a week ago.

Risk analysis

You still need to consider risks, for example – Pareto Bank has 3 warning signs that we think you should be aware of.

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This article from Simply Wall St is general in nature. We comment solely on historical data and analyst forecasts, using an objective methodology. Our articles are not intended as financial advice. It does not constitute a recommendation to buy or sell any shares and does not take into account your objectives or financial situation. We aim to provide you with a long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in the shares mentioned.

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